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  • #1,177,741
  • Aug 6, 2020 8:11pm Aug 6, 2020 8:11pm
Quoting PatienceFx
{quote} what are the chances of nfp showing a good number
depends on what you mean by good....but its a good chance IMO. Not that it should mean anything US still in shit

EDIT: they beat forecast last time as well except on hourly earnings
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  • #1,177,742
  • Aug 6, 2020 8:12pm Aug 6, 2020 8:12pm
Just logged in due to boredom, see it is slow here also. Going to hold my position during the London and highly likely exit at beginning of NY. Really want the R61(Greedy). After this week, if the market says so, I will play the 4H/Daily since maybe time for the most ranging and moving towards the MA's on the daily. Ranging=Daily uptrend, 4H downtrend creating the movement back to the Daily MA's. Or if uptrend, MACD crosses showing downtrend=Ranging. Screws up some people, don't make it more than it is. If you are a trend trader, this is where most people get screwed up following indicators. Most indicators work well during trend alignment but not with Ranging, so best to follow Price Action and enter in the direction you know the trend will resume.

Okay, back to my beer. And yes Bull Bear, I am getting there quickly my friend. LOL Stay green everyone, hope you all had a wonderful trading week.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,177,743
  • Aug 6, 2020 8:16pm Aug 6, 2020 8:16pm
Quote
Just logged in due to boredom
with all that action ?
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  • #1,177,744
  • Aug 6, 2020 8:19pm Aug 6, 2020 8:19pm
Quoting mistaouting
{quote} I guess I will. Seems intuitive that the dollar index measure the strength of the USD and when its loosing strength the index goes down. With it being the quote currency in the EUROUSD and its loosing strength compared to the EURO it would and should be a negative correlation. If there is more I would like to know.
Go back and look at the image I posted. I was comparing the dollar to Bitcoin. Bitcoin is clearly showing strength where USD is showing weakness. Keeping an eye on what happens with Bitcoin could give us clues on what may happen with USD pairs. This is a more advanced method of doing technical analysis. Negative correlation can be seen as a leading indicator.
Learn from your mistakes and march on.
  • #1,177,745
  • Aug 6, 2020 8:22pm Aug 6, 2020 8:22pm
Quoting here2there
{quote} Go back and look at the image I posted. I was comparing the dollar to Bitcoin. Bitcoin is clearly showing strength where USD is showing weakness. Keeping an eye on what happens with Bitcoin could give us clues on what may happen with USD pairs. This is a more advanced method of doing technical analysis. Negative correlation can be seen as a leading indicator.
ohhhh i missed the bitcoin.
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  • #1,177,746
  • Aug 6, 2020 8:23pm Aug 6, 2020 8:23pm
nfp will have to do something magical to break this jinx
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  • #1,177,747
  • Aug 6, 2020 8:54pm Aug 6, 2020 8:54pm
I closed my long to take profit. Tomorrow is Friday so anything can happen. Possibility that it will go down more before going back up again. As that happens i will add longs.
  • #1,177,748
  • Aug 6, 2020 8:55pm Aug 6, 2020 8:55pm
Quoting PatienceFx
{quote} what are the chances of nfp showing a good number
I am not sure if NFP numbers matters to the FX market. Or even to the stock market. We shall see.

Recently, it has been......
When USA has bad data: "OMG USA is useless, sell the Dollar! " (And Majors rally)
When USA has good data: "OMG USA is great, risk on and buy buy buy!" (And Majors rally)
When USA has no data: "OMG nothing happening. Okay, what else can I invest in?" (And Majors rally)
  • #1,177,749
  • Aug 6, 2020 8:56pm Aug 6, 2020 8:56pm
Quoting OhComeOn
Just logged in due to boredom, see it is slow here also. Going to hold my position during the London and highly likely exit at beginning of NY. Really want the R61(Greedy). After this week, if the market says so, I will play the 4H/Daily since maybe time for the most ranging and moving towards the MA's on the daily. Ranging=Daily uptrend, 4H downtrend creating the movement back to the Daily MA's. Or if uptrend, MACD crosses showing downtrend=Ranging. Screws up some people, don't make it more than it is. If you are a trend trader, this is where most...
I am still waiting for your drunk analysis/comment. It has more flavor in it. You haven't done that for months now. Lol
Only an idiot knows with certainty to where the market is going.
  • #1,177,750
  • Aug 6, 2020 9:26pm Aug 6, 2020 9:26pm
Sold at 1.1863 with target 1.1835 SL 1.1875

Edit SL to BE
PaRaM
  • #1,177,751
  • Aug 6, 2020 9:35pm Aug 6, 2020 9:35pm
Quoting MrBullBear
{quote} I am still waiting for your drunk analysis/comment. It has more flavor in it. You haven't done that for months now. Lol
It’s “flava” not flavor
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  • #1,177,752
  • Aug 6, 2020 9:37pm Aug 6, 2020 9:37pm
Quoting MrBullBear
{quote} I am still waiting for your drunk analysis/comment. It has more flavor in it. You haven't done that for months now. Lol
Unfortunately my wife has started cutting me off from technology capable of communication because she is intimidated by eloquent articulation I tend to share. As a follow up to the idea I was going to let my longs run with the London, however they hit their SL so I only received 30-40 pips on each of the 6 positions. Fortunately, each one had a few lots. Uh OH, she is staring at me with a look that does not say I love you. Must be the jealousy of my typing skills or because I told her to bring me 2 more beers. I better go now.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,177,753
  • Aug 6, 2020 9:42pm Aug 6, 2020 9:42pm
Quoting Techanalyst
I closed my long to take profit. Tomorrow is Friday so anything can happen. Possibility that it will go down more before going back up again. As that happens i will add longs.
What goes up, must eventually go down. EURUSD is way beyond that point. I am surprised it got this far.
Learn from your mistakes and march on.
  • #1,177,754
  • Aug 6, 2020 9:43pm Aug 6, 2020 9:43pm
CMF.... whoa!
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Emotional Control. Process, not outcome.
  • #1,177,755
  • Aug 6, 2020 9:49pm Aug 6, 2020 9:49pm
All bulls waiting for 1.19 level to be taken out
All bear waiting for 1.18 level to be taken out
Scalper Enjoying range bound movement

Bollinger Bands are interesting learning daily bit by bit
Last 2 days Trade from BB have been very fruitful
PaRaM
  • #1,177,756
  • Aug 6, 2020 9:55pm Aug 6, 2020 9:55pm
It's funny how I have more knowledge about trading Forex than the average person but suck at trading. I honestly don't know how people can make a living trading Forex. There must be something very special about these people. I know what they know, but for some reason, it works for them but not for me. Or maybe I don't know what they know, and that's the problem.
Learn from your mistakes and march on.
  • #1,177,757
  • Aug 6, 2020 9:56pm Aug 6, 2020 9:56pm
Quoting pgidia
Sold at 1.1863 with target 1.1835 SL 1.1875 Edit SL to BE
Target Achieved,
PaRaM
  • #1,177,758
  • Aug 6, 2020 9:56pm Aug 6, 2020 9:56pm
It doesn't matter what I do all week leading to THU night it all goes to shit at stupid o'clock Friday morning.
still long...
Founder of Sutherland Wave Principle
  • #1,177,759
  • Aug 6, 2020 10:00pm Aug 6, 2020 10:00pm
If H4 closes below 1.1832/1 level then surely 1785/90
PaRaM
  • #1,177,760
  • Aug 6, 2020 10:00pm Aug 6, 2020 10:00pm
Trump just announce to ban tik tok and we chat. Will be in affect 45days from
now. Unless microsoft buys it.
Trade what you see, take what the market gives you.
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