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EURUSD

  • #1,182,701
  • Sep 4, 2020 10:32am Sep 4, 2020 10:32am
Quoting here2there
Wide stops, deep pockets, and GREAT patience are needed for trading Forex in 2020.
Wrong... we just need to include common sense in our analysis.
Only an idiot knows with certainty to where the market is going.
  • #1,182,702
  • Sep 4, 2020 10:35am Sep 4, 2020 10:35am
Quoting MrBullBear
{quote} Wrong... we just need to include common sense our analysis.
if we include common sense then what will the rest of the people do
feel free to invite me to your forum, if you have any
  • #1,182,703
  • Sep 4, 2020 10:41am Sep 4, 2020 10:41am
the NFP data is now getting understood, there was nothing to promote strong usd ; the revisions will kill usd

but i am happy, in the process i got to collect +106 pips for the day and a good learning from experts here
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feel free to invite me to your forum, if you have any
  • #1,182,704
  • Sep 4, 2020 10:41am Sep 4, 2020 10:41am
Quoting JungleLionFx
{quote} if we include common sense then what will the rest of the people do
Then more and more will use common sense.
Only an idiot knows with certainty to where the market is going.
  • #1,182,705
  • Sep 4, 2020 10:54am Sep 4, 2020 10:54am
Quoting mistaouting
we are at an "inflection point" what will euro do?
thats was nice. Good day to you all!
LOCK IN RE-ENTER
  • #1,182,706
  • Sep 4, 2020 11:01am Sep 4, 2020 11:01am
Quoting MrBullBear
{quote} Wrong... we just need to include common sense in our analysis.
I probably should have added that I am referring to trading higher time frames such as the 4HR and above. I am not referring to scalping.
Learn from your mistakes and march on.
  • #1,182,707
  • Sep 4, 2020 11:19am Sep 4, 2020 11:19am
Oh hey.. this level looks familiar.. . Feels like Deja Vu
Trade what you see, take what the market gives you.
  • #1,182,708
  • Sep 4, 2020 11:28am Sep 4, 2020 11:28am
Quoting suthmo
{quote} I miss the simple days using basic low risk 123 system. Now I'm tracking an invisible sequence of laws in 5 layers of time, trying to anticipate where all the reaction points are, trying to anticipate how 16807 waves fit together, linking them in sequence... Tracking the geometry of space time can be taxing on the brain. The hard part is getting your head round the laws to begin with. Wave Principle is roughly 72 pages of laws, rules, guidelines and diagrams. It's easy to focus on one element and miss another vital element. You can take...
Agree with what you are saying ' It's easy to focus on one element and miss another vital element It's easy to focus on one element and miss another vital element' for me that's the reason I don't take the complicated route, I understand how it may grasp your interest.. you are the guy who wants to decode every bit of information lol all the best buddy.

For me a wave is simply a point where price turns and move out of the ongoing channel, and I just stick with major sup res/ demand supply zones.. looking for pull backs on a trending market around 40-50% of the previous wave to enter for continuation, and usually targeting -50%/150% of that particular wave.. and I try to cut the losses short and letting the winners run in a trending market as long as I don't see clear signs of the trend changing. For me, the charts are simply a reflection of human psychology, with every candle giving hints about the larger story that's being told.. but I am talking about larger time frames here, at least 4H and up, smaller TFs to me are simply SLs being ripped to pcs and algorithms doing their thing.. in other words, noise.. and it's no good, it distracts and usually won't let the bigger picture and the bigger story to be understood and grasped.

Anyways, all the best buddy ! Take it easy, give that hard working brain of yours some rest too lol because like you said, trying to go deep and calculating every move can be taxing indeed for the mind, and the mind and body needs to be relaxed and joyful in order to function at it's best, at it's peak.. which is what we all want and strive for. Cheers!
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,182,709
  • Sep 4, 2020 11:42am Sep 4, 2020 11:42am
Quoting VuLe
Im so dead with you guys.. everyone lining up to catch falling knife... see what happen when you exit.. you want to trade again bc we are all trade addicts. Should have held short at the top

So falling knife turned out to be a boomerang after all, short @ the top.. buy @ the bottom = NFP got owned!
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,182,710
  • Sep 4, 2020 11:49am Sep 4, 2020 11:49am
Quoting leashedmode
{quote} I took a small short on this one @ 1.3111 SL @ 1.3140 and targeting 1.13040- 1.3000- 1.12950

Closed half & bagged 50 pips on this UC setup, rest @ BE and targeting 100 and then possibly 150 pips [next week] on this one [that is if it continues to drop which it should imo]
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,182,711
  • Sep 4, 2020 11:49am Sep 4, 2020 11:49am
Quoting VuLe
Oh hey.. this level looks familiar.. . Feels like Deja Vu
I called that awhile ago when we are still at the bottom. "When fluctuation subside and volatility starts to die, that is the time big players taking profit. And it will go back to where it should be". Back to where it started. And here we are now..

Anyways, If my trailing SL will not get hit, I will let it run over the weekend.
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Only an idiot knows with certainty to where the market is going.
  • #1,182,712
  • Sep 4, 2020 11:54am Sep 4, 2020 11:54am
Quoting leashedmode
{quote} So falling knife turned out to be a boomerang after all, short @ the top.. buy @ the bottom = NFP got owned!
yeah. You guys caught the flying knife. You’re now kung fu masters xD.... hahaha.
Trade what you see, take what the market gives you.
  • #1,182,713
  • Sep 4, 2020 12:00pm Sep 4, 2020 12:00pm
and just closed one position in 500 pips on the NAS100 trade, rest @ BE targeting about 1000-1500 pips next week, in case it continues upward and isn't going to test somewhere around 10000. Closed one long @ 1.180 EU in 50 pips just now around the daily open, rest @ BE targeting 1.190-1-2050 in case the next bullish wave is initiated this upcoming week.. long term I have an eye on 1.210-1.250 for the next 1-2 months. Let's see. Safe trading guys ! Have a good weekend !
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,182,714
  • Sep 4, 2020 12:08pm Sep 4, 2020 12:08pm
Quoting VuLe
{quote} yeah. You guys caught the flying knife. You’re now kung fu masters xD.... hahaha.
I was just sticking with the H4 and Daily channel/ structure and avoiding the smaller TFs trying to convince me to avoid the bigger money flow. Scalped every pip with shorts yes but stayed with the bullish bias just because there's no confirmation yet on the larger TFs that may look like hope for the bears.. when there is a shift in the bigger flow, I will cheer for the bears but for now, Babushka favors the bulls
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,182,715
  • Sep 4, 2020 2:38pm Sep 4, 2020 2:38pm
Quoting leashedmode
{quote} I was just sticking with the H4 and Daily channel/ structure and avoiding the smaller TFs trying to convince me to avoid the bigger money flow. Scalped every pip with shorts yes but stayed with the bullish bias just because there's no confirmation yet on the larger TFs that may look like hope for the bears.. when there is a shift in the bigger flow, I will cheer for the bears but for now, Babushka favors the bulls
Anyone else holding over weekend
LOCK IN RE-ENTER
  • #1,182,716
  • Sep 4, 2020 3:01pm Sep 4, 2020 3:01pm
Expecting a nice gap market open on Sunday. Likely gap up. Who is in agreement with this?
Dont be fool by the newbie badge....older here...older in the biz.
  • #1,182,717
  • Sep 4, 2020 3:27pm Sep 4, 2020 3:27pm
Quoting MrBullBear
{quote} I called that awhile ago when we are still at the bottom. "When fluctuation subside and volatility starts to die, that is the time big players taking profit. And it will go back to where it should be". Back to where it started. And here we are now.. Anyways, If my trailing SL will not get hit, I will let it run over the weekend. {image}
Hi, can share your experience or any reference to learn more about scalping? Thanks
  • #1,182,718
  • Sep 4, 2020 3:50pm Sep 4, 2020 3:50pm
Quoting Winner76
{quote} Hi, can share your experience or any reference to learn more about scalping? Thanks
I am still a learner. But I can recommend a pro scalper that i respect. His name is Dingoman2, you can check his profile and you will find treasures there. He is also willing to help and guide learners. Approach him.
Only an idiot knows with certainty to where the market is going.
  • #1,182,719
  • Sep 4, 2020 5:01pm Sep 4, 2020 5:01pm
Quoting mistaouting
{quote} Anyone else holding over weekend
Yes, I am in a long position on EURUSD.
Learn from your mistakes and march on.
  • #1,182,720
  • Sep 4, 2020 5:24pm Sep 4, 2020 5:24pm
Quoting here2there
{quote} Yes, I am in a long position on EURUSD.
I am holding positions over the weekend.

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