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  • #1,182,161
  • Sep 3, 2020 12:49am Sep 3, 2020 12:49am
Quoting Godzilla
{quote}poor trade/execution hoping to learn from it.
Well, it can't go up or down forever. At some point something has to give. Certain kinds of losses are inevitable.
Learn from your mistakes and march on.
  • #1,182,162
  • Sep 3, 2020 12:54am Sep 3, 2020 12:54am
Quoting JungleLionFx
{quote} too early to flip ATA says bearish momentum is intact {image}
Hi. Pls what moving averages do you use?
  • #1,182,163
  • Sep 3, 2020 1:03am Sep 3, 2020 1:03am
Same swings but instead of contracting triangle it's an expanding triangle. Is this a new law? Alternation of triangle modes?
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Founder of Sutherland Wave Principle
  • #1,182,164
  • Sep 3, 2020 1:06am Sep 3, 2020 1:06am
Quoting JungleLionFx
{quote} too early to flip ATA says bearish momentum is intact {image}
Indicators are price dependent. It follows PA. For now, it says bearish momentum. Let say we have sudden move up 75 pips, what will your indicator will say? And just before it says bullish, the movement is already done. Be careful. Use it only as a guide. Cheers!
Only an idiot knows with certainty to where the market is going.
  • #1,182,165
  • Sep 3, 2020 1:07am Sep 3, 2020 1:07am
if google maps was as unreliable as the standard trading indicators are, it would send you in the wrong direction 50% to 75% of the time.

the cot futures numbers are similar, they are useless as trading indicators.

some think that when the majority of large traders are long, the price is driven upwards, but i suggest that this is not true.

when the majority of traders are long on the eurusd, for example, the price goes DOWN.

supply and demand does not work the same with currency as it does with bananas and potatoes and real estate.

it is my opinion that when the majority of traders are long, the central banking pipeline pulls the price down, effectively stealing your money.

the bank always wins, we sometimes win.

  • #1,182,166
  • Sep 3, 2020 1:10am Sep 3, 2020 1:10am
Positions triggered and shoot through LO now or more moves down before there's a pullback?
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,182,167
  • Sep 3, 2020 1:12am Sep 3, 2020 1:12am
Quoting suthmo
Same swings but instead of contracting triangle it's an expanding triangle. Is this a new law? Alternation of triangle modes? {image}

This kind of pattern sometimes end up breaking hard and diving strong once the support is broken I hope not, I am long @ 1.180 SL @ 1.177

Edit: I have no great knowledge of the study you follow and invest your time into so I am sure you understand these so much better than me. I just want to see the price initiating a new wave up to your area lol that's how I am looking at it too.
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,182,168
  • Sep 3, 2020 1:15am Sep 3, 2020 1:15am
Quoting tradecode
if google maps was as unreliable as the standard trading indicators are, it would send you in the wrong direction 50% to 75% of the time. the cot futures numbers are similar, they are useless as trading indicators. some think that when the majority of large traders are long, the price is driven upwards, but i suggest that this is not true. when the majority of traders are long on the eurusd, for example, the price goes DOWN. supply and demand does not work the same with currency as it does with bananas and potatoes and real estate. it is my opinion...
I agree COT data is useless as a trading indicator
  • #1,182,169
  • Sep 3, 2020 1:16am Sep 3, 2020 1:16am
Quoting tradecode
if google maps was as unreliable as the standard trading indicators are, it would send you in the wrong tejudgeour direction 50% to 75% of the time. the cot futures numbers are similar, they are useless as trading indicators. some think that when the majority of large traders are long, the price is driven upwards, but i suggest that this is not true. when the majority of traders are long on the eurusd, for example, the price goes DOWN. supply and demand does not work the same with currency as it does with bananas and potatoes and real estate. it...
That is why it is important to include psychology in our judegment. Behave like a market, act like a bank.
Only an idiot knows with certainty to where the market is going.
  • #1,182,170
  • Sep 3, 2020 1:18am Sep 3, 2020 1:18am
Quoting MrBullBear
{quote} That is why it is important to include psychology in our judegment. Behave like a market, act like a bank.
for someone like you that is as calm and cool as you are, you are a natural trader, i can see where the indicators would be useful for you.

for me, they are useless.
  • #1,182,171
  • Sep 3, 2020 1:18am Sep 3, 2020 1:18am
Quoting leashedmode
Positions triggered and shoot through LO now or more moves down before there's a pullback?
If, this pattern on 15 min. chart holds then 1830 is the first price to watch, where support becomes resistance.
Looking for profitable short term trades ...|
  • #1,182,172
  • Sep 3, 2020 1:22am Sep 3, 2020 1:22am
Quoting Js3mwtRc
{quote} If, this pattern on 15 min. chart holds then 1830 is the first price to watch, where support becomes resisstance.

1.1825-1.1830 is what I am looking at as well, if H1 breaks upwards.. I will be pretty confident with this long, let's see!
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,182,173
  • Sep 3, 2020 1:27am Sep 3, 2020 1:27am
I entered again at lower price.
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Only an idiot knows with certainty to where the market is going.
  • #1,182,174
  • Sep 3, 2020 1:29am Sep 3, 2020 1:29am
Quoting constantine1
{quote} I agree COT data is useless as a trading indicator
It can be helpful to a certain degree, but it certainly isn't as great as people make it out to be.
Learn from your mistakes and march on.
  • #1,182,175
  • Sep 3, 2020 1:52am Sep 3, 2020 1:52am
Sir plz hit
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  • #1,182,176
  • Sep 3, 2020 1:53am Sep 3, 2020 1:53am
Quoting MrBullBear
{quote} That is why it is important to include psychology in our judegment. Behave like a market, act like a bank.
One way of behaving like a market is, trade without ego, market doesn't have one. Be quick to accept that you are wrong.
Rule#1; follow the market.
Rule#2; anticipate.
When your anticipation is wrong, proceed to rule #1.
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Only an idiot knows with certainty to where the market is going.
  • #1,182,177
  • Sep 3, 2020 2:07am Sep 3, 2020 2:07am
Quoting MrBullBear
{quote} One way of behaving like a market is, trade without ego, market doesn't have one. Be quick to accept that you are wrong. Rule#1; follow the market. Rule#2; anticipate. When your anticipation is wrong, proceed to rule #1. {image}

Be careful though, there's a very strong potential for the bulls as long as 1.1790-1.1770 holds. Cheers!
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,182,178
  • Sep 3, 2020 2:09am Sep 3, 2020 2:09am
Quoting MrBullBear
{quote} One way of behaving like a market is, trade without ego, market doesn't have one. Be quick to accept that you are wrong. Rule#1; follow the market. Rule#2; anticipate. When your anticipation is wrong, proceed to rule #1. {image}

I agree, I don't see any entries for longs at the momentum, I been adding to my shorts.
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  • #1,182,179
  • Sep 3, 2020 2:12am Sep 3, 2020 2:12am
Quoting leashedmode
{quote} Be careful though, there's a very strong potential for the bulls as long as 1.1790-1.1770 holds. Cheers!
Yes, im just trailing to wherever it goes. Tight SL and load multiple orders when it goes. Thanks.
Only an idiot knows with certainty to where the market is going.
  • #1,182,180
  • Sep 3, 2020 2:16am Sep 3, 2020 2:16am
Buy at 1.1790 with SL now at BE

Now SL with guaranteed 5 pips each Trade
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