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EURUSD

  • #1,179,321
  • Aug 19, 2020 2:17pm Aug 19, 2020 2:17pm
Quoting Techanalyst
Imbalances between buyers and sellers or in supply and demand cause price changes in FX markets. If those imbalances persist, then they can form either an upward or downward trend. The Bottom Line: The forex market is ultimately driven by economic factors that impact the value and strength of a nation's currency. The economic outlook for a country has the most influence on the value of its currency. Knowing the factors and indicators to watch will help you keep pace in the competitive and fast-moving world of forex.
What I mean by economics factors look at the chart on 30 minutes. We had news reaction today and EURUSD went down to about 1.1835. Now from there traders are already entering buy positions. Some for longer some for scalping.

Now look at the weekly EURUSD chart. The supply zone imbalances have persisted, so the uptrend is formed. It is still persistent and supply zone is still formed. Combine that with the current economics factors, and EURUSD is bullish overall. It takes a bit of time to learn how to trade like this on a longer term. But if you are not up to holding positions for days or weeks or months, you can trade like this but on a daily and 4 hr time frames and still take profit the same day. It works either way.

Now with already good analysis tools in front you, also you can consider the sentiment and COT reports. Again that gives you overall picture of EURUSD and you should know it that EURUSD is bullish and will be bullish for a while. Take a look at sentiment, it is showing that it is bearish, because it went down. But it is not, the less % of traders that are in this case long, the better is for longer term to buy, because the banks and institutions are in a buy position according to COT reports.

I hope this helps to some of traders. Trade safe.
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  • #1,179,322
  • Aug 19, 2020 2:31pm Aug 19, 2020 2:31pm
Okay.... which one of you guys let the bulls through... I think Tech is responsible for this.
Attached Image (click to enlarge)
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Trade what you see, take what the market gives you.
  • #1,179,323
  • Aug 19, 2020 2:45pm Aug 19, 2020 2:45pm
Quoting mistaouting
Anyone dare call the bottom! I will start with 1810-1800 Who can do better!
That boat has sailed maybe
But if had to guess lower 1794
Founder of Sutherland Wave Principle
  • #1,179,324
  • Aug 19, 2020 2:49pm Aug 19, 2020 2:49pm
Quoting Techanalyst
{quote} What I mean by economics factors look at the chart on 30 minutes. We had news reaction today and EURUSD went down to about 1.1835. Now from there traders are already entering buy positions. Some for longer some for scalping. Now look at the weekly EURUSD chart. The supply zone imbalances have persisted, so the uptrend is formed. It is still persistent and supply zone is still formed. Combine that with the current economics factors, and EURUSD is bullish overall. It takes a bit of time to learn how to trade like this on a longer term. But...
So in simple words, what I am trying to explain and tell traders that do not have years of experience, or are struggling traders, that wave analysis, crabs, rats, or whatever people call it these days do not work at all. They draw bunch of triangles and so on and call it waves or crabs and so on, but that is not why the price did what it did. If it was that easy and if the price in forex worked based on waves and crabs and so on, everyone would do it and it would work and everyone would make money. We can all agree that is not the case. I am not attacking anyone, will you take this advice it is up to you. But it is your money. We can all see here the people that use the wave analysis and a lot of patterns, you can tell where they buy or sell, the price goes the opposite and they get stuck there and do not know what to do. Why complicate things when you can learn and approach trading professionally. Trade safe.
  • #1,179,325
  • Aug 19, 2020 2:53pm Aug 19, 2020 2:53pm
mistaouting 1.1813
Vule 1.1799
suthmo 1.1794

any other takers lol
LOCK IN RE-ENTER
  • #1,179,326
  • Aug 19, 2020 2:53pm Aug 19, 2020 2:53pm
Hopefully everyone was catching flying signals.

Dont mind me, Im just picking up people at every corner of the bollinger band.
Attached Image(s) (click to enlarge)
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Trade what you see, take what the market gives you.
  • #1,179,327
  • Aug 19, 2020 2:55pm Aug 19, 2020 2:55pm
Quoting VuLe
Hopefully everyone was catching flying signals. Dont mind me, Im just picking up people at every corner of the bollinger band. {image} {image}
maannnnnn why are you scratching out the your profit now
LOCK IN RE-ENTER
  • #1,179,328
  • Aug 19, 2020 2:56pm Aug 19, 2020 2:56pm
Quoting mistaouting
{quote} maannnnnn why are you scratching out the your profit now
bc it is too distracting lol... I want people to focus on my position. Btw 1.1790 is the center of the daily bb...


btw. I agree, the move is base on news. News or not. Dont call it fake. NEW WILL TAKE THE MARKET TO WHERE IT NEEDS TO GO.
daily run can never run more than 100-150pips without the help of news. For me, news mean money... nothing more, nothing less. My chart says 1.1800??? News will take me there. Done and done.
Trade what you see, take what the market gives you.
  • #1,179,329
  • Aug 19, 2020 2:57pm Aug 19, 2020 2:57pm
So weekly supply zone on EURUSD 1.1696 - 1.1833 is where price should bounce and be good to buy. Trade safe.
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  • #1,179,330
  • Aug 19, 2020 3:03pm Aug 19, 2020 3:03pm
Quoting mistaouting
mistaouting 1.1813 Vule 1.1799 suthmo 1.1794 any other takers lol
anyone wants to join a challenge

Support/low by Next London close!
LOCK IN RE-ENTER
  • #1,179,331
  • Aug 19, 2020 3:06pm Aug 19, 2020 3:06pm
Done for now, going to go workout. Will be back later to check the market, and add more buys on EURUSD and AUDUSD. Also AUDNZD more buys. EURNZD is bullish but no positions on that one. EURCHF bullish. GBPJPY bullish but there is strong resistance at 140.00.
  • #1,179,332
  • Aug 19, 2020 3:09pm Aug 19, 2020 3:09pm
Quoting Techanalyst
Done for now, going to go workout. Will be back later to check the market, and add more buys on EURUSD and AUDUSD. Also AUDNZD more buys. EURNZD is bullish but no positions on that one. EURCHF bullish. GBPJPY bullish but there is strong resistance at 140.00.
Ill be back with you very soon. XD.
Trade what you see, take what the market gives you.
  • #1,179,333
  • Aug 19, 2020 3:59pm Aug 19, 2020 3:59pm
Quoting MiYO
{quote} so it will close soon?
Already closed with only few pips... i have waited and gave back some that already earned. Thought of, it just an aftermath. But this slow moving towards one direction is dangerous like a snail.. slow and little by little, it maybe already 30pips before we know it. So I decided to join that snail until I see a decent bullish candle in 30m chart. Plus asia will wake up later seeing the price went down good, and the aftermath of the news may cause another movement, this time made in asia.
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Only an idiot knows with certainty to where the market is going.
  • #1,179,334
  • Aug 19, 2020 4:27pm Aug 19, 2020 4:27pm
Quoting MrBullBear
{quote} Already closed with only few pips... i have waited and gave back some that already earned. Thought of, it just an aftermath. But this slow moving towards one direction is dangerous like a snail.. slow and little by little, it maybe already 30pips before we know it. So I decided to join that snail until I see a decent bullish candle in 30m chart. Plus asia will wake up later seeing the price went down good, and the aftermath of the news may cause another movement, this time made in asia. {image}
Did you close this sell? IT looks like it may not go further down...
  • #1,179,335
  • Aug 19, 2020 4:30pm Aug 19, 2020 4:30pm
Quoting Techanalyst
{quote} Did you close this sell? IT looks like it may not go further down...
I am seeing it as well... but will confirm tonight... all the bears and bulls are holding tight on their seats right now.
Trade what you see, take what the market gives you.
  • #1,179,336
  • Aug 19, 2020 4:40pm Aug 19, 2020 4:40pm
Quoting Techanalyst
{quote} Did you close this sell? IT looks like it may not go further down...
Not yet, it is just small lots and just expecting asia aftermath. I am still bullish intra day. Just riding this bearish momentum. Will buy heavily an hour after asia open.
Only an idiot knows with certainty to where the market is going.
  • #1,179,337
  • Aug 19, 2020 4:53pm Aug 19, 2020 4:53pm
Quoting Techanalyst
{quote} What I mean by economics factors look at the chart on 30 minutes. We had news reaction today and EURUSD went down to about 1.1835. Now from there traders are already entering buy positions. Some for longer some for scalping. Now look at the weekly EURUSD chart. The supply zone imbalances have persisted, so the uptrend is formed. It is still persistent and supply zone is still formed. Combine that with the current economics factors, and EURUSD is bullish overall. It takes a bit of time to learn how to trade like this on a longer term. But...
Hi Tech, can you say me, where are you read this COT reports?
Thanks
Like your wife says, hold the fucking position until I tell you I'm done.
  • #1,179,338
  • Aug 19, 2020 5:01pm Aug 19, 2020 5:01pm
Quoting VuLe
{quote} Mee 1.17999
This looks like a shopping store pricing. Removing 1 cent to make it look cheaper. You are really a businessman and a marketer. Applying psychology behind 1 cent. Lol
Only an idiot knows with certainty to where the market is going.
  • #1,179,339
  • Aug 19, 2020 5:10pm Aug 19, 2020 5:10pm
Quoting MrBullBear
{quote} This looks like a shopping store pricing. Removing 1 cent to make it look cheaper. You are really a businessman and a marketer. Applying psychology behind 1 cent. Lol
oh know! . Hes on to me!
but then again, you’re the one scalping all these spikes like you’re at the flea market bargaining for expensive items.
Trade what you see, take what the market gives you.
  • #1,179,340
  • Aug 19, 2020 5:13pm Aug 19, 2020 5:13pm
Quoting VuLe
{quote} oh know! . Hes on to me! but then again, you’re the one scalping all these spikes like you’re at the flea market bargaining for expensive items.
Haha.. my take is 1.180001
Only an idiot knows with certainty to where the market is going.
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