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  • #1,182,081
  • Sep 2, 2020 2:05pm Sep 2, 2020 2:05pm
Quoting mistaouting
{quote} did you say the same thing yesterday {quote} Im guessing you did not sell either day..looks like retail are falling into nice pips. if thats what retail are doing....then what are others doing
I don't care what retails are doing. I only care about supply/demand imbalances, and COT reports. Once they hit supply/demand levels, I sell/buy there and make a lot of money. Let it ride 200+ pips. I leave the small profit pennies to retails traders.
  • #1,182,082
  • Sep 2, 2020 2:07pm Sep 2, 2020 2:07pm
Quoting Techanalyst
{quote} I don't care what retails are doing. I only care about supply/demand imbalances, and COT reports. Once they hit supply/demand levels, I sell/buy there and make a lot of money. Let it ride 200+ pips. I leave the small profit pennies to retails traders.

Calm down... stop calling tech out. He is a long term trader.. for those who tries to sell that dont tp will end up losing. Thats what he calling for... for those who tp and made pips, gj... Two different types of traders. Lets not flame Tech.
Trade what you see, take what the market gives you.
  • #1,182,083
  • Sep 2, 2020 2:17pm Sep 2, 2020 2:17pm
I don’t post often here as I post mainly on my own thread. But I posted yesterday to point out my observation on the bearish daily candle close and rsi divergence indicating a bearish day for today. To be fair we are in a 300 range between 1.17 and 1.20 and long term chart says bullish above 1.17. But plenty of pips to be made both long and short depending on where you enter and exit and your timeframe.
  • #1,182,084
  • Sep 2, 2020 2:19pm Sep 2, 2020 2:19pm
Quoting pgidia
{quote} True I jumped to sell from 1.2011 Exited at 1.1911 Then again sold 1.1925 exited at 1.1838 Sold now at 1.1848 sL at BE targeting 1.1780
Wonderful work, brother! You deserve a red diamond!
  • #1,182,085
  • Sep 2, 2020 2:22pm Sep 2, 2020 2:22pm
Quoting VuLe
{quote} Calm down... stop calling tech out. He is a long term trader.. for those who tries to sell that dont tp will end up losing. Thats what he calling for... for those who tp and made pips, gj... Two different types of traders. Lets not flame Tech.
Thank you buddy. But no rookie will flame me anymore. I am totally relaxed and paying more attention to my charts. I have worked very hard to where I am today. I am here sharing some charts, but will do that much less than before. Those who payed attention will learn and be successful, those who did not, well they will always be stuck there, and never be full time traders. Good calls Vule by the way on trades. Impressive.
  • #1,182,086
  • Sep 2, 2020 2:22pm Sep 2, 2020 2:22pm
Quoting Techanalyst
{image}
I am sorry for your lost! And for imbalances, cot and other stuff. I hope it was small sized trade.
  • #1,182,087
  • Sep 2, 2020 2:24pm Sep 2, 2020 2:24pm
Quoting bigiivan
{quote} I am sorry for your lost! And for imbalances, cot and other stuff. I hope it was small sized trade.
Still in a trade, just moved my SL further down. I am sorry, that you are sorry for something that there is nothing to be sorry about.
  • #1,182,088
  • Sep 2, 2020 2:26pm Sep 2, 2020 2:26pm
If you are tracking the EURUSD market, beware that the price action is presently at the 61.8 Fib area of the the downward swing from April 14, 2018 to March 3, 2020 and the 1.20820 area is the 78.6 Fib level. Technically, the 61.8/78.6 Fib zone is susceptible to a southward turnaround.

Stay safe, trade safe.

KP
Do your homework, follow the footprints of smart money
  • #1,182,089
  • Sep 2, 2020 2:26pm Sep 2, 2020 2:26pm
Quoting Techanalyst
{quote} Still in a trade, just moved my SL further down. I am sorry, that you are sorry for something that there is nothing to be sorry about.
I am always sorry when some retail trader loosing. We are a brotherhood.
May I ask where is your new SL set?
  • #1,182,090
  • Sep 2, 2020 2:32pm Sep 2, 2020 2:32pm
Quoting bigiivan
{quote} I am always sorry when some retail trader loosing. We are a brotherhood. May I ask where is your new SL set?
Below 1.1750.
  • #1,182,091
  • Sep 2, 2020 2:35pm Sep 2, 2020 2:35pm
Quoting pgidia
This Week / Month {image}
Excellent! Did you do this on EURUSD or a combination of pairs?
Learn from your mistakes and march on.
  • #1,182,092
  • Sep 2, 2020 2:36pm Sep 2, 2020 2:36pm
Quoting Techanalyst
{quote} Below 1.1750.
More than a 100 pips on H4 frame?!?! That's huge! But you know better of course, the money is yours.
Wish you luck!
  • #1,182,093
  • Sep 2, 2020 2:39pm Sep 2, 2020 2:39pm
DXY is overbought and desperately needs a correction down. I thought it will be today, but obviously it will be on a reversal thursday. After a correction DXY going up again. EU ...
  • #1,182,094
  • Sep 2, 2020 2:44pm Sep 2, 2020 2:44pm
Check to find my trailing SL was hit. Will strike down in a little higher.
Only an idiot knows with certainty to where the market is going.
  • #1,182,095
  • Sep 2, 2020 2:45pm Sep 2, 2020 2:45pm
Quoting bigiivan
DXY is overbought and desperately needs a correction down. I thought it will be today, but obviously it will be on a reversal thursday. After a correction DXY going up again. EU ...
Remember one thing, there is no such a thing in trading as overbought and oversold, needs a correction or not. No such a thing in trading. DXY is going down until November election in USA. That's it. It is right there in front of you, just have to know what you looking for on charts and economics 101. EUR is going up until November. What happens after the election in USA, we will have to wait and see. Another thing, market never needs "desperately correction" no such a thing. Market don't care what we think. If it goes up it is up, if it goes a bit down than back up again, that is what happened. But it didn't happen because " it needs correction" or it's "overbought, oversold". No such a thing.

That is where DXY is going next.
EURGBP and EURUSD next direction.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: DXY.png Size: 60 KB
Click to Enlarge Name: EURGBP.png Size: 54 KB
Click to Enlarge Name: EURUSD.png Size: 62 KB
  • #1,182,096
  • Sep 2, 2020 2:49pm Sep 2, 2020 2:49pm
Quoting Techanalyst
{quote} Remember one thing, there is no such a thing in trading as overbought and oversold, needs a correction or not. No such a thing in trading. DXY is going down until November election in USA. That's it. It is right there in front of you, just have to know what you looking for on charts and economics 101. EUR is going up until November. What happens after the election in USA, we will have to wait and see. Another thing, market never needs "desperately correction" no such a thing. Market don't care what we think. If it goes up it is up, if it...
O, yes, there is. There is a overbought and oversold. And I see on your chart how DXY going to 93 and then at 94 maybe. Then ... we will see!
It will be nice and beautiful. Let's enjoy!
  • #1,182,097
  • Sep 2, 2020 2:50pm Sep 2, 2020 2:50pm
Quoting bigiivan
{quote} O, yes, there is. There is a overbought and oversold. And I see on your chart how DXY going to 93 and then at 94 maybe. Then ... we will see! It will be nice and beautiful. Let's enjoy!
No such a thing in trading overbough and oversold. You need to get out of retail mindset and start thinking like professional traders do.
  • #1,182,098
  • Sep 2, 2020 2:53pm Sep 2, 2020 2:53pm
Quoting Techanalyst
{quote} No such a thing in trading overbough and oversold. You need to get out of retail mindset and start thinking like professional traders do.
I will continue thinking like a man who making green pips. Don't care of professional or retailer.
  • #1,182,099
  • Sep 2, 2020 2:54pm Sep 2, 2020 2:54pm
Quoting bigiivan
{quote} I will continue thinking like a man who making green pips. Don't care of professional or retailer.
Whatever man, some people are immune to good advice.
  • #1,182,100
  • Sep 2, 2020 2:54pm Sep 2, 2020 2:54pm
So I have been looking at EURUSD's price action and it got me thinking about my decision to only trade in the direction of the trend. I think I should give a little room for counter trend trading, but only when it makes sense to do so. If I see an engulfing candle or a pin bar, then it would make sense to counter trend trade under such conditions. But if I am going to trade like that, I will not risk as much as I would if I were trading in the direction of the trend. I think I can get the best of both worlds trading like this and still maintain minimal risk.

As for scalping, I will not do that.
Learn from your mistakes and march on.
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