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  • #1,179,781
  • Aug 21, 2020 3:14pm Aug 21, 2020 3:14pm
1814 maybe next week i will be able to sell that thing
  • #1,179,782
  • Aug 21, 2020 3:42pm Aug 21, 2020 3:42pm
Quoting VuLe
{quote} my god... I went through 150pages to find it and still couldn’t find it. It is a lot to explain. as I recall. I use weekly candle to determine if the week is bullish or not with bb opening outward. Then I would decide to only buy, or only sell.... so I would locate my buy/sell... for now Ima use buy as an example only back when EU was at 1.1420. I called for buy only given the fact that weekly and monthly was still in play towards upper side bb on a breakout. so I would add on buys only... all the way till 1.1650.... at the time 1h/4h were...
OK I-m studyng thanks a lot
  • #1,179,783
  • Aug 21, 2020 5:03pm Aug 21, 2020 5:03pm
Quoting ABrokeTrader
{quote} I saw a bank analyst saying that Gold will go to 2400 this year ... so when The Big Boys want something nobody can stay against. Some 2 months ago some Big Boy said that Gold will go to 2000 and I was like you, thinking: "What a loser!" ... and I was wrong.
With euro. Not saying it want to to 1.2 just thinking your timing is off... And depending on how deep the sell off go it might not see that that level

I remember the big boys saying euro was going to parity and here we are new highs. They can make wrong calls also
LOCK IN RE-ENTER
  • #1,179,784
  • Aug 21, 2020 5:57pm Aug 21, 2020 5:57pm
Quoting mistaouting
{quote} With euro. Not saying it want to to 1.2 just thinking your timing is off... And depending on how deep the sell off go it might not see that that level I remember the big boys saying euro was going to parity and here we are new highs. They can make wrong calls also
Dont underestimate them. Maybe they said that so majority can sell, which what is happening.
  • #1,179,785
  • Aug 21, 2020 9:24pm Aug 21, 2020 9:24pm
Quoting SashaP
1814 maybe next week i will be able to sell that thing
Seems you are BB expert now
PaRaM
  • #1,179,786
  • Aug 21, 2020 9:36pm Aug 21, 2020 9:36pm
Quoting Techanalyst
COT reports are out. EURUSD analysis. So this move down was possibly because commercials were majority of short 591,573 and 2,470 added to short positions. Looking at non-commercials which are banks and financial institutions, which are the most important. Longs are still majority 259,244 but -6,834 took off their positions. Shorts are minority which are 62,301 and they took off their positions -4,026. Overall EURUSD is bullish, as we can see the majority of institutional traders are in favor for longs. I have attached the 4 HR chart and it shows...
EUR/USD appears to be topping out in the near-term after it failed to extend its advance above 1.19 and has since fallen back below 1.1800. The latest IMM positioning report revealed that long EUR positions are at a record high highlighting that market participants have become overly bullish over the outlook for the EUR. Such elevated positioning will both dampen further upside potential and increases the risk of a correction lower.
Now break below support 1.1700 would open the door to a deeper correction lower.

Instability in Turkey and the increasing spread of COVID in Europe as two potential triggers for a correction, both of which remain in play.
Upcoming Jackson Hole symposium could prove a key test in the week ahead. If EUR/USD is unable to break above 1.19 after a dovish Fed policy signal, it would strongly suggest a lot of the bad news is already priced into the USD.
PaRaM
  • #1,179,787
  • Aug 21, 2020 10:18pm Aug 21, 2020 10:18pm
Quoting pgidia
{quote} EUR/USD appears to be topping out in the near-term after it failed to extend its advance above 1.19 and has since fallen back below 1.1800. The latest IMM positioning report revealed that long EUR positions are at a record high highlighting that market participants have become overly bullish over the outlook for the EUR. Such elevated positioning will both dampen further upside potential and increases the risk of a correction lower. Now break below support 1.1700 would open the door to a deeper correction lower. Instability in Turkey and...
That's a cute story.

EURUSD remains bullish and DXY bearish. Today move was just news reaction, that's it. Trade safe.
  • #1,179,788
  • Aug 21, 2020 10:24pm Aug 21, 2020 10:24pm
Quoting Techanalyst
{quote} That's a cute story. EURUSD remains bullish and DXY bearish. Today move was just news reaction, that's it. Trade safe.
Both side have there own version of story

It is which side you select.

When you want to sell you will find Stories supporting sell
And vice versa
PaRaM
  • #1,179,789
  • Aug 21, 2020 10:34pm Aug 21, 2020 10:34pm
Quoting pgidia
{quote} Both side have there own version of story It is which side you select. When you want to sell you will find Stories supporting sell And vice versa
No, news is a reaction, supply/demand imbalances is what leads either up and down. I have explained this earlier how it works. Today was just a news reaction, nothing more. EURUSD remains bullish until around 1.25. DXY is bearish and it is going to be like that until November.2020 when USA election happens. Once Trump wins, DXY will shoot up high. What is going to happen after that, we are not sure, we will have to see how economy is going to go and we will have to look at supply/demand imbalances.

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.
  • #1,179,790
  • Aug 22, 2020 12:37am Aug 22, 2020 12:37am
Quoting Techanalyst
{quote} No, news is a reaction, supply/demand imbalances is what leads either up and down. I have explained this earlier how it works. Today was just a news reaction, nothing more. EURUSD remains bullish until around 1.25. DXY is bearish and it is going to be like that until November.2020 when USA election happens. Once Trump wins, DXY will shoot up high. What is going to happen after that, we are not sure, we will have to see how economy is going to go and we will have to look at supply/demand imbalances. Imbalances between buyers and sellers or...
In short story for Buyer is Demand is more
And Story for Seller is Demand is less
PaRaM
  • #1,179,791
  • Aug 22, 2020 8:52am Aug 22, 2020 8:52am
Quoting VuLe
{quote} my god... I went through 150pages to find it and still couldn’t find it. It is a lot to explain. as I recall. I use weekly candle to determine if the week is bullish or not with bb opening outward. Then I would decide to only buy, or only sell.... so I would locate my buy/sell... for now Ima use buy as an example only back when EU was at 1.1420. I called for buy only given the fact that weekly and monthly was still in play towards upper side bb on a breakout. so I would add on buys only... all the way till 1.1650.... at the time 1h/4h were...
You say you will use weekly candle to determine is bullish or not. However, looking at recent weekly candles, how do you decide last week was still bullish and this week was bearish?
  • #1,179,792
  • Aug 22, 2020 11:36am Aug 22, 2020 11:36am
EURUSD has been consolidating giving a lot of great opportunities with W and M patterns. We managed to take 3 short position again on EURUSD last week. There are 2 great opportunities right now on euruusd with FCP Patterns.

Inserted Video
Technical Analyst & Trader @ Vikinsa
  • #1,179,793
  • Aug 22, 2020 12:01pm Aug 22, 2020 12:01pm
Quoting Winner76
{quote} You say you will use weekly candle to determine is bullish or not. However, looking at recent weekly candles, how do you decide last week was still bullish and this week was bearish?

look at the monthly candle vs my bb... I said it and will say it again.. 1.200 may not be tested this month. This month extended 300pip out of the candle. Not only that, the candle started outside of the bb already, everyone kept on selling expecting a retracement, so the spike to 1.1960 was to make everyone believe 1.2000 is coming, that leaves for people to now wanting to buy and thinking to buy...

when you watch the market’s every move. You start to see what it wants... understand and think like the feds not like the consumers.

I will always ALWAY say this. and always always REMEMBER this.


THE MARKET DOES NOT WAIT FOR YOU.
imagine if it slowly go up... then what do everyone expect??? “Uptrend.”
example from friday “eu slowly climb 1.1800-1.1880 during asian session... remember what everyone start to say??? “Finally 1.200 here I come, and you see people started to say 1.19xx” my bb shows center hit and reverse... that is what I play by, probability.

understand this, “if everyone is winning money, then who is losing??”

Recall back to when I ride eu from 1.1940 and down... that night if you watched it... eu range from 1.1920-1.1940... and finally slowly pull up to 1.1952... here is how you read the bb... it was in consolidation... so before volatile hour, you will see a slowly push towards one side to do what?? Create room and opens up bb(if it was to run, it would already have run, and run big too) remember bb open up means a breakout.. but this breakout was a false to make people think we are finally going north. Back to my statement “market does not wait for you.”

when they break out happens and 5min/30min/1h/4h are heading south below the center bb.. you have what is call a temporary down trend. *daily and weekly and monthly still above center*

so now you identify your area if tp... this was the first time 4h break center bb... so being on the right side you look at the daily, you will see that it could reach there in which it did 1.1800.. as well as an entry for buyers to load up expecting it to reject... if you buy at 1.1800 where would your target be?? Note that all of the smaller tf was on bottom side insync, so now its breaking bb heading back north. And you see AGAIN, slow movement up to 1.1880(GUESS WHAT, CENTER BB ON 4hr) where you can tp and would attempt a sell with sl above. If it had broken 4h bb, it would be 1 way up. But judging from the SLOW MOVEMENT. It was bound to reverse. I understand fake spikes... so if you had sell at 1.1880 gj.... and this time, I expect the daily to break center bb in which it did... and you would Identify your target. Some people had 1.1780/1.1760... for me, I have a bigger picture which I will announce later. But all the people that tp was in profit no matter what. Kuddos to them, I am happy.

my eye was set on monthly candle again, assuming it would move down bc it looks like a fake spike up as well for this “month” I will decide by next monthly candle depending on how the bb draws out. And btw the image for the daily candle bb you can see bb curving in instead of opening up, which was another signal for me to believe in the short.


excuse my English, I am very horrible at writing >.>.
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Trade what you see, take what the market gives you.
  • #1,179,794
  • Aug 22, 2020 12:51pm Aug 22, 2020 12:51pm
Quoting VuLe
{quote} look at the monthly candle vs my bb... I said it and will say it again.. 1.200 may not be tested this month. This month extended 300pip out of the candle. Not only that, the candle started outside of the bb already, everyone kept on selling expecting a retracement, so the spike to 1.1960 was to make everyone believe 1.2000 is coming, that leaves for people to now wanting to buy and thinking to buy... when you watch the market’s every move. You start to see what it wants... understand and think like the feds not like the consumers. I will...

So you are targeting Monthly Centre or Upper Inner ??
PaRaM
  • #1,179,795
  • Aug 22, 2020 1:03pm Aug 22, 2020 1:03pm
Quoting pgidia
{quote} So you are targeting Monthly Centre or Upper Inner ??
bollinger band draw for the monthly is irregular. You can look at other monthly and see how strong bb draws out vs candle pushes out 200-600pips...
judging from this month candle, I dont see 1.2... BUT, I could still be wrong. I just trade upon what my eyes see. Throw hopes and wishes out the window... september is how I will decide when new monthly candle comes. For now, I believe we will be in consolidation or down only... so Im not to worry about buying only... I can sell/buy looking at daily and weekly.. that is why I sold on friday bc my 4h bb tells me too and the bb on daily bending down instead of continue opening up “look at my previous daily picture”

right now, if it continue to go down... I will look for weekly.
Trade what you see, take what the market gives you.
  • #1,179,796
  • Aug 22, 2020 1:06pm Aug 22, 2020 1:06pm
Quoting VuLe
{quote} bollinger band draw for the monthly is irregular. You can look at other monthly and see how strong bb draws out vs candle pushes out 200-600pips... judging from this month candle, I dont see 1.2... BUT, I could still be wrong. I just trade upon what my eyes see. Throw hopes and wishes out the window... september is how I will decide when new monthly candle comes. For now, I believe we will be in consolidation or down only... so Im not to worry about buying only... I can sell/buy looking at daily and weekly.. that is why I sold on friday...
Yes agree even next week opening will be important with major event lined up
PaRaM
  • #1,179,797
  • Aug 22, 2020 1:11pm Aug 22, 2020 1:11pm
Quoting pgidia
{quote} Yes agree even next week opening will be important with major event lined up
You will see what I have in store for you guys. XD
Trade what you see, take what the market gives you.
  • #1,179,798
  • Aug 22, 2020 2:21pm Aug 22, 2020 2:21pm
It is amazing how some of traders think that they know how the market works. They made mistake after mistake, loss after loss, then came here and start giving advices how to win pips. How delusion.
People, don't listen anybody! No matter of the color of diamond. Do your thing!
  • #1,179,799
  • Edited 2:55pm Aug 22, 2020 2:45pm | Edited 2:55pm
Quoting bigiivan
It is amazing how some of traders think that they know how the market works. They made mistake after mistake, loss after loss, then came here and start giving advices how to win pips. How delusion. People, don't listen anybody! No matter of the color of diamond. Do your thing!
My question is, why are you on this forum then? Are you here to teach? Help?? Learn??But if I were to take your statement and apply it “dont listen to anybody,” then I should not listen to your advice.


how I see forum is a group of people that wants to learn and a group of people that loves to share. It depends on how you really look at it. But people charges expensively for their knowledge. I feel like this forum with free posting is one of the cheapest way that you can learn. Learn to utilize it. Not break it down and try to be negative about it. We all have a choice to take the knowledge or not, but to come out and say something bold like that kind of discredit all the people that tries to share their knowledge.
Trade what you see, take what the market gives you.
  • #1,179,800
  • Aug 22, 2020 3:02pm Aug 22, 2020 3:02pm
Quoting VuLe
{quote} My question is, why are you on this forum then? Are you here to teach? Help?? Learn??But if I were to take your statement and apply it “dont listen to anybody,” then I should not listen to your advice. how I see forum is a group of people that wants to learn and a group of people that loves to share. It depends on how you really look at it. But people charges expensively for their knowledge. I feel like this forum with free posting is one of the cheapest way that you can learn. Learn to utilize it. Not break it down and try to be negative...
Wrong person, bro. I am not here to teach. I am just angry because I see how some traders talk to much bullshit and mislead others. And I don't like it. That's all.
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