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  • #113,301
  • Aug 7, 2020 8:22am Aug 7, 2020 8:22am
I'm watching 1.1793. A break above will be a short term bullishness. But it's all about 1.1773. 4hr close below means slaughtering of bulls going to continue.
  • #113,302
  • Aug 7, 2020 8:41am Aug 7, 2020 8:41am
Close of this week will be very important to decide direction for bear or bulls
PaRaM
  • #113,303
  • Aug 7, 2020 8:43am Aug 7, 2020 8:43am
Quoting 5astelija
I think the spike was to kill all weak shorts, so the big drop can finally be executed
That small sentence was today's best comment...

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  • #113,304
  • Aug 7, 2020 9:22am Aug 7, 2020 9:22am
Quoting Traderview
I'm watching 1.1793. A break above will be a short term bullishness. But it's all about 1.1773. 4hr close below means slaughtering of bulls going to continue.
Last hr of this 4hr. where is it going to be?

lets see
  • #113,305
  • Aug 7, 2020 11:45am Aug 7, 2020 11:45am
My view is that we will still see 1.20000.Adding more long.
Make it Green
  • #113,306
  • Aug 7, 2020 12:08pm Aug 7, 2020 12:08pm
Quoting sartu
Short @1.18373 SL 20 Pips TP open M5
Finally I closed this trade at 1.1780. Got +57 pips. Happy weekend folks. Trade safe. Cheers
  • #113,307
  • Aug 7, 2020 12:50pm Aug 7, 2020 12:50pm
Something I always find interesting as an engineer for signal processing: the behaviour just like in control technology. A little thing called "step response":

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https://lost-contact.mit.edu/afs/umich.edu/class/ctms/Public/html/extras/step.htm

here the EURUSD after the news until days end:

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  • #113,308
  • Aug 7, 2020 2:36pm Aug 7, 2020 2:36pm
Also, I know I am repeating myself, so interesting to see how ALL big players somehow use the same algos in their codes. Otherwise it would not be possible to hit theses levels exactly as calculated BEFORE (no repaint)

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  • #113,309
  • Aug 8, 2020 1:37am Aug 8, 2020 1:37am
Quoting ursinho4711
Also, I know I am repeating myself, so interesting to see how ALL big players somehow use the same algos in their codes. Otherwise it would not be possible to hit theses levels exactly as calculated BEFORE (no repaint) {image}
big player buy at low and sell at high with large range ... big player didn't want to play their money for scaping trade
The Average Discount Everything
  • #113,310
  • Aug 8, 2020 4:50am Aug 8, 2020 4:50am
Quoting hesron
... big player didn't want to play their money for scaping trade
Agreed. You can change "big player" by "how market is manipulated/controlled".
The chart that I posted above is a perfect example that you could use in any lesson or book about forex.

Quoting 5astelija
I think the spike was to kill all weak shorts, so the big drop can finally be executed

Guess? No, that is exactly how it works.
Predefined levels? Exist.

Annoying only, that I know, I see, I predict and still don't make enough win to live from forex. I have a "real" work. Which brings me into trouble as I miss good chances to trade while wasting my time in BS meetings.
  • #113,311
  • Aug 8, 2020 5:11am Aug 8, 2020 5:11am
Quoting ursinho4711
{quote} Agreed. You can change "big player" by "how market is manipulated/controlled". The chart that I posted above is a perfect example that you could use in any lesson or book about forex. Quoting 5astelija I think the spike was to kill all weak shorts, so the big drop can finally be executed Guess? No, that is exactly how it works. Predefined levels? Exist. Annoying only, that I know, I see, I predict and still don't make enough win to live from forex. I have a "real"...
The thing is, we can never know for certain if that was some deep knowledge of the market, "instinct", or just a lucky guess. We never know, but we always are very eager to take credit from random lucky shots. Wins are always skill, loses are always bad luck or "irrational market" lol

Take care
Pension fund Return This Month: 2.2%
  • #113,312
  • Aug 8, 2020 8:15am Aug 8, 2020 8:15am
next week's map is red=red, note well triangle abc equals triangle cde just turned upside down
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twitter: @gettoefl
  • #113,313
  • Aug 8, 2020 9:01am Aug 8, 2020 9:01am
Quoting ursinho4711
{quote} Agreed. You can change "big player" by "how market is manipulated/controlled". The chart that I posted above is a perfect example that you could use in any lesson or book about forex. Quoting 5astelija I think the spike was to kill all weak shorts, so the big drop can finally be executed Guess? No, that is exactly how it works. Predefined levels? Exist. Annoying only, that I know, I see, I predict and still don't make enough win to live from forex. I have a "real"...
thanks bro

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The Average Discount Everything
  • #113,314
  • Aug 8, 2020 1:16pm Aug 8, 2020 1:16pm
Pinning down the embedded overbought
  • #113,315
  • Aug 9, 2020 2:02am Aug 9, 2020 2:02am
EURUSD has fallen from our zone and it gave 3 good opportunities to short last week. Now do not get fooled by its fall on Friday. it still has little steam left to go higher. So be careful if you are shorting this. I am watching few levels. In this analysis I start from yearly time frame to all the way to 4H to conduct my multi timeframe analysis.

Inserted Video
Technical Analyst & Trader @ Vikinsa
  • #113,316
  • Aug 9, 2020 4:49am Aug 9, 2020 4:49am
on monday, its just a matter of 1.180xx-1.181xx to resist if bears would continue to stay in control
Risk comes from not knowing what to do
  • #113,317
  • Aug 9, 2020 12:03pm Aug 9, 2020 12:03pm
if the weekly history is repeating...
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then we will have a bearish correction
(also the last week's candle looks very bearish anyway)
  • #113,318
  • Aug 9, 2020 12:19pm Aug 9, 2020 12:19pm
Daily S/R Levels for Monday

This week with 1.1888 acting as nearest resistance, bears will probably continue to push down once again to retest yellow zone.. For bears my support areas are: 1.1750 then 1.1717, 1.1656 and finally 1.1594..

Stay Green
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Focus only on what truly matters!
  • #113,319
  • Aug 9, 2020 12:48pm Aug 9, 2020 12:48pm
Quoting Ata-Turkoglu
This week with 1.1888 acting as nearest resistance, bears will probably continue to push down once again to retest yellow zone.. For bears my support areas are: 1.1750 then 1.1717, 1.1656 and finally 1.1594
Surprisingly it fits perfectly with "my" weekly fibo chanel:
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  • #113,320
  • Aug 9, 2020 4:45pm Aug 9, 2020 4:45pm
This is Monday.
Market will not show rapid move until London start.
Until that time: range move 1782-1845
Tonight~this week: 1.160-1.188

I still believe eurusd targets 1.9 again because US scatters too much bond.
But at this moment I am bear.
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