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EURUSD

  • #1,177,861
  • Aug 7, 2020 8:05am Aug 7, 2020 8:05am
Quoting pgidia
I want to know if data good for USD then why EU goes up ?
Surprised too.
  • #1,177,862
  • Aug 7, 2020 8:05am Aug 7, 2020 8:05am
Quoting PatienceFx
{quote} sent you a love letter read it, then comment here in public
after reading your love letter, with my suspicion of this market sitting here when it should take off. I hereby SHORTTTTT

sl set BE this time
Attached Image (click to enlarge)
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Trade what you see, take what the market gives you.
  • #1,177,863
  • Aug 7, 2020 8:09am Aug 7, 2020 8:09am
Quoting pgidia
I want to know if data good for USD then why EU goes up ?
My own view and observation on what the various write ups during Bull trend is that:
- Good US data, happy mood = buy Majors and Majors rally
- Bad US data, quickly sell off US currency - Majors rally.

And during Bear trend
- Good US data, lets buy US currency = Majors fall
- Bad US data, sad mood, just sell = Majors fall.

It does not make sense, hence I usually do not care about the news. Market only looking for excuse to buy or sell.
I only care about what time it release as it will whipsaw.

Just my own thoughts.
  • #1,177,864
  • Aug 7, 2020 8:10am Aug 7, 2020 8:10am
Moved my stop loss further down to 1.1700. Will hold this position. The news is over, so now this is just going to go a bit more down than sideways. Have a good weekend. Trade safe.
  • #1,177,865
  • Aug 7, 2020 8:10am Aug 7, 2020 8:10am
Looking like its good to short with a 1.17 target and then look into the double top breakdown....if it happens.
  • #1,177,866
  • Aug 7, 2020 8:11am Aug 7, 2020 8:11am
Quoting PatienceFx
{quote} sent you a love letter read it, then comment here in public

please, send it a bit earlier next time. Like when the market was at 1.1845.. so I can sell at the top top with your greatness number
Trade what you see, take what the market gives you.
  • #1,177,867
  • Aug 7, 2020 8:12am Aug 7, 2020 8:12am
Looks like NFP is no non event during the 10mins of its release. There are price action in the past few days that cause more whipsaws!
Looking at the chart from a pure price perspective, EURUSD touch bottom of trendline and only had a weak bounce.

Short EURUSD
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  • #1,177,868
  • Aug 7, 2020 8:12am Aug 7, 2020 8:12am
Quoting VuLe
{quote} after reading your love letter, with my suspicion of this market sitting here when it should take off. I hereby SHORTTTTT sl set BE this time {image}
good choice
  • #1,177,869
  • Aug 7, 2020 8:13am Aug 7, 2020 8:13am
Went short @ 1.184 closed @ 1.180 and added a long there, if 1.180 breaks on the hourly, will short and test the waters if we can get to 1.175, 1.170.. but definitely keeping the longs as long as 1.170 holds.
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,177,870
  • Aug 7, 2020 8:13am Aug 7, 2020 8:13am
Quoting MrBullBear
{quote} 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.
The problem is not with what I know but my execution of what I know. It is mostly about timing and psychology. I can't do much about the time unless I deny myself sleep, which isn't a good thing. I am in a bad timezone for trading Forex.

As for the psychological part, it's something most traders struggle with.

Telling me I should say I don't know anything is nonsensical. I know a lot about trading. I have spent a great deal of time studying this stuff. And I know enough to say that most of what is taught is rubbish.

You and your pals can think whatever you want about me. I know who I am and what I am capable of doing. And that is all that matters.
Learn from your mistakes and march on.
  • #1,177,871
  • Aug 7, 2020 8:14am Aug 7, 2020 8:14am
I feel the bulls may kick in @ 1.180, if not.. maybe 1.75-1.170 then. But I have a feeling about 1.180. Let's see.
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,177,872
  • Aug 7, 2020 8:17am Aug 7, 2020 8:17am
Quoting VuLe
{quote} please, send it a bit earlier next time. Like when the market was at 1.1845.. so I can sell at the top top with your greatness number
1775 should be good
  • #1,177,873
  • Aug 7, 2020 8:17am Aug 7, 2020 8:17am
Quoting PatienceFx
{quote} good choice
I trade nfp enough to know the spikes... think about it everyone... if the market were to take off, why stop at 1.1845 only??? Pull up the 30min chart and look at the resistant “1.1845-1.1850”

Either way, I am happy now. I can set sl to BE and watch it run Ever xD
Trade what you see, take what the market gives you.
  • #1,177,874
  • Aug 7, 2020 8:18am Aug 7, 2020 8:18am
Quoting PatienceFx
{quote} 1775 should be good
I see 1650
Trade what you see, take what the market gives you.
  • #1,177,875
  • Aug 7, 2020 8:20am Aug 7, 2020 8:20am
Quoting PatienceFx
{quote} 1775 should be good
LOL same target as mine. Hope i can reach (EDIT: I chicken out, close half at this point....)
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  • #1,177,876
  • Aug 7, 2020 8:23am Aug 7, 2020 8:23am
Quoting VuLe
{quote} I trade nfp enough to know the spikes... think about it everyone... if the market were to take off, why stop at 1.1845 only??? Pull up the 30min chart and look at the resistant “1.1845-1.1850” Either way, I am happy now. I can set sl to BE and watch it run Ever xD
ADR kicks in so 1775 but yes this may go deeper next week
  • #1,177,877
  • Aug 7, 2020 8:24am Aug 7, 2020 8:24am
Quoting VuLe
{quote} I see 1650
Double top support is 1.17. If that breaks don't bother stopping at 1650.

Either way the consolidation is done and now its correcting. Shorty should have next week.
  • #1,177,878
  • Aug 7, 2020 8:24am Aug 7, 2020 8:24am
Quoting VuLe
{quote} add him to ignore. Ever since he had an argue with some other person over 4 500pages of nothing, I put him aside. I hope he is reading this because I still want him to understand. Whether you live in california or any other places, if you truly want to make a career out of this or make money, you would try to make the time for it. this week hasnt been my best, but I usually wake up at 2am-5am to trade and gym 6am-9am (still trading while lifting) head to my shop, set up and look at market all day. you talk about missing all the good moves,...
You are clueless about my situation. Try to think outside of your little box. And telling me about how many more people like a post is stupid. Just because someone gets more likes than others doesn't make what they are saying true.

And as for dedication, you have no right to talk about how much of it you think I don't have. You aren't walking in my shoes.

So yes, get back to trading and mind your own business.
Learn from your mistakes and march on.
  • #1,177,879
  • Aug 7, 2020 8:25am Aug 7, 2020 8:25am
Quoting OxyGen_FX
{quote} LOL same target as mine. Hope i can reach (EDIT: I chicken out, close half at this point....){image}
now i actually feel proud we are tackling eurusd as a team

instead of bickering like unsatisfied women on this forum who shout scream at each other [ hint given ]
  • #1,177,880
  • Aug 7, 2020 8:29am Aug 7, 2020 8:29am
Quoting PatienceFx
{quote} 1775 should be good

Looks like going to 1755-1745
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
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