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  • #1,177,781
  • Aug 7, 2020 12:06am Aug 7, 2020 12:06am
Lol 50-100 pips drop and everybody starts to panic as long as 1.180 and then 1.170 holds, it is bullish and will remain bullish. Yes it might break those levels, but that is yet to happen and when it does, I will trade the lower highs, for now.. 1.170 stays the boss and that tells me I should be buying higher lows.
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,177,782
  • Aug 7, 2020 12:10am Aug 7, 2020 12:10am
Sold at 1834 small sl 1840
PaRaM
  • #1,177,783
  • Aug 7, 2020 12:14am Aug 7, 2020 12:14am
Quoting pgidia
Sold at 1834 small sl 1840

I think you could scalp it down to 1.18135-1.180 [maybe]
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,177,784
  • Aug 7, 2020 12:15am Aug 7, 2020 12:15am
Quoting pgidia
Sold at 1834 small sl 1840

I am seeing enough room to be able to touch 1.178-1.177 but we never know.. maybe this stays the low of the day, nobody knows!
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,177,785
  • Aug 7, 2020 12:18am Aug 7, 2020 12:18am
Quoting leashedmode
Lol 50-100 pips drop and everybody starts to panic as long as 1.180 and then 1.170 holds, it is bullish and will remain bullish. Yes it might break those levels, but that is yet to happen and when it does, I will trade the lower highs, for now.. 1.170 stays the boss and that tells me I should be buying higher lows.
It depends on what method and what kind of trade you have. If you are swing trading, you don't panic. But If you are on day trading, your trailing stop loss must have hit already. If you are scalping, stopped out and go towards the direction. Cheers!
Only an idiot knows with certainty to where the market is going.
  • #1,177,786
  • Aug 7, 2020 12:25am Aug 7, 2020 12:25am
Ahh my fist target 1950 I'm guessing we'll take a nose dive from there at upper trend line at 1:30 pm and they'll call it a news effect.
But we know it's a reverse symmetrical triangle doing what it always does.

7 hours to broker spread feeding frenzy Friday.
Founder of Sutherland Wave Principle
  • #1,177,787
  • Aug 7, 2020 12:42am Aug 7, 2020 12:42am
Quoting MrBullBear
{quote} It depends on what method and what kind of trade you have. If you are swing trading, you don't panic. But If you are on day trading, your trailing stop loss must have hit already. If you are scalping, stopped out and go towards the direction. Cheers!

Scalpers, definitely.. but won't you say for day trader this 1.180-1.78 zone should have been the positioning zone for the rest of the day considering the Bulls that have been around.. it's NFP so yes things could go anywhere, but shorting for the day at least doesn't feel right, I just feel like this was a little profit taking and positioning/ loading up [probably] run but yes I could be wrong. Would be great if this recent double bottom wave on 30min TF breaks 1.88-1.90 then it must be going for 1.20. Let's see. For now the last long I have is @ 1.1825 from yesterday, may add another one around 1.180-1.178 but highly unlikely, will probably keep the ones below running to see how we do next week, if today we close above 1.184-1.185 then I think there's still good probability the bulls stay in charge for the next week as well. Green to all !
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,177,788
  • Edited 12:56am Aug 7, 2020 12:44am | Edited 12:56am
I'm very perplexed here basically need to get from 1800 to 1.3000 and there's only 2 major swing left in the wave count...
I fully expect the bull to go hyper sonic here at some point hopefully after the weekend.
3 waves divided by 7 sub swing so probably 21 swing ranging from 30 to 100 points to get to 1.3000 I'm looking for.
looking for rejection @ 1980 for swing down.
Founder of Sutherland Wave Principle
  • #1,177,789
  • Aug 7, 2020 12:46am Aug 7, 2020 12:46am
Quoting MrBullBear
It is not just what you know that made you unsuccessful. It is your attitude. You were criticized by different traders and you ignored them, accused them as trolls, attackers. Without realizing that they are just correcting your wrong method, false belief and misunderstanding. Instead, you hate them... becouse you think you know best. You should have learned a lot of things by now..... and currently building accounts... Only if you tried to understand what they are trying to criticize. You should had a healthy conversation, maybe you get their point....
The only one who appears to have an attitude here is you. And Kicking a person who is down is detestable.
Learn from your mistakes and march on.
  • #1,177,790
  • Aug 7, 2020 1:04am Aug 7, 2020 1:04am
Quoting here2there
{quote} The only one who appears to have an attitude here is you. And Kicking a person who is down is detestable.
He should be banned . Right?
  • #1,177,791
  • Aug 7, 2020 1:16am Aug 7, 2020 1:16am
Opened my charts today and found out that EU is falling from the highs. The reason for the fall was traders closing out positions on longs below 1.1900, like they wait for something. One reason I can think is the NFP release today and another is, they closing books yet.

I wait for range trading today and as long nothing happens, 1820-1915 should keep EU until ... after the weekend maybe and better from Tuesday.

I'll wait, before I like the price action, now it should consolidate here at lows trying to get more buyers in, lets hope it doesn't break 1800 from stop hunting.

Have a great trading!
Looking for profitable short term trades ...|
  • #1,177,792
  • Aug 7, 2020 1:19am Aug 7, 2020 1:19am
Quoting mallee
{quote} He should be banned . Right?
Not necessarily. An attitude adjustment would be better.
Learn from your mistakes and march on.
  • #1,177,793
  • Aug 7, 2020 2:03am Aug 7, 2020 2:03am
Hello everyone,
I just wanna say thank you for everyone here to guide us with market forecast and technical things.
I am new with this forex thing thanks to Covid-19.

Been busted twice and learned from it, but last week profit already paid me back with interest.
I'm still doing daily scalping. But from my mistakes, I learned not to do it every day.
Noob mistakes no.1 = trade on news
Noob mistakes no.2 = greedy scalping
I got a mentor in scalping by looking at his investor account for a month.

I'm gonna learn how to use bot/script to automate my scalping method, is there any source that I can learn to automate my transactions?
I've been googling but can't really find a good one to start.
  • #1,177,794
  • Aug 7, 2020 2:10am Aug 7, 2020 2:10am
Quoting here2there
{quote} The only one who appears to have an attitude here is you. And Kicking a person who is down is detestable.
Here we go again.... haha. You still don't get it. I give up.. again. Haha.. you really can't understand. Do your thing.i won't care.
Only an idiot knows with certainty to where the market is going.
  • #1,177,795
  • Aug 7, 2020 2:17am Aug 7, 2020 2:17am
Sell 1908 targets 1840 probably on NFP
Founder of Sutherland Wave Principle
  • #1,177,796
  • Edited 3:06am Aug 7, 2020 2:25am | Edited 3:06am
Instead of absorbing what i have said and thank me later... accused me of kicking him down. Wheeew! You really have a problem with understanding.
Only an idiot knows with certainty to where the market is going.
  • #1,177,797
  • Aug 7, 2020 2:42am Aug 7, 2020 2:42am
Just a comparison with the previous NFP Friday, a Month ago.

More retail money is selling this pair and more positions from people with open interest who bought options are in the money.

The put to call ratio for August contract was 0,87 at the start of the Month and today is at 1,17 meaning more people bought put (sell) options.

The people who bought call (buy) options are more in the money from those who bought put (sell) options this Month.


The price went up.

Sources: Myfxbook and CME
Looking for profitable short term trades ...|
  • #1,177,798
  • Edited 4:37am Aug 7, 2020 3:06am | Edited 4:37am
Short in at 1.1826 target 35 pips

Taken 1/2
Don't trade what you think. Just what you see!!!
  • #1,177,799
  • Aug 7, 2020 3:11am Aug 7, 2020 3:11am
Quoting Js3mwtRc
Just a comparison with the previous NFP Friday, a Month ago. More retail money is selling this pair and more positions from people with open interest who bought options are in the money. The put to call ratio for August contract was 0,87 at the start of the Month and today is at 1,17 meaning more people bought put (sell) options. The people who bought call (buy) options are more in the money from those who bought put (sell) options this Month. The price went up. Sources: Myfxbook and CME
so what does this mean
Attached Image (click to enlarge)
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  • #1,177,800
  • Aug 7, 2020 3:15am Aug 7, 2020 3:15am
Quoting PatienceFx
{quote} so what does this mean {image}
It has nothing to do with where the price will head next, but people like data and gambling

Where is this data from on the image!
Looking for profitable short term trades ...|
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