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  • #1,188,481
  • Dec 9, 2020 9:42am Dec 9, 2020 9:42am
Quoting F.g
I see some pessimism creeping in , gatakia.... I mean crew.... I lowered SL to 1.2074
I changed opinion crew [ I Mean gatakia ] ....

I ll buy again at 1.20 78-75 level

  • #1,188,482
  • Dec 9, 2020 9:45am Dec 9, 2020 9:45am
Quoting F.g
{quote} I changed opinion crew [ I Mean gatakia ] .... I ll buy again at 1.20 78-75 level
might as well wait until around ecb tomm
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  • #1,188,483
  • Dec 9, 2020 9:46am Dec 9, 2020 9:46am
looking at a double top on h1...peak around 2140 neckline around 2090 which just broke
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  • #1,188,484
  • Dec 9, 2020 10:36am Dec 9, 2020 10:36am
Weird, EU last tried to rise after this new, failed at 2135 and then broked support on Daily and yesterdays inside day candle.

Poland, Hungary and Germany have agreed on an EU deal, according to the Polish Deputy Premier

Source: https://www.dailyfx.com/real-time-news?ref=SubNav
Looking for profitable short term trades ...|
  • #1,188,485
  • Dec 9, 2020 10:53am Dec 9, 2020 10:53am
Quoting PatienceFx
{quote} my job is done for today {image}
So u caught the stop loss game right?
  • #1,188,486
  • Dec 9, 2020 11:15am Dec 9, 2020 11:15am
Quoting Leesi
The new game adopted by crooks are once they see retailers enter a buy or sell in large, they stop the liquidity and cleverly stop out them and steal their money. So clever game... Dry up liquidity and steal the money
Brokers are in business to take our money, not to do us any favors. You can never beat them, as they are always one step ahead. However, they will allow us to eat the crumbs that fall from their table from time to time. Of course, then you are competing against all the other retail traders for those crumbs.
Learn from your mistakes and march on.
  • #1,188,487
  • Dec 9, 2020 11:17am Dec 9, 2020 11:17am
Quoting mistaouting
{quote} might as well wait until around ecb tomm
Or perhaps start placing limit orders at strategic places (in favor of the main trend) and stop caring about the news.
Learn from your mistakes and march on.
  • #1,188,488
  • Dec 9, 2020 11:25am Dec 9, 2020 11:25am
Quoting here2there
{quote} Or perhaps start placing limit orders at strategic places (in favor of the main trend) and stop caring about the news.
not caring about news is not part of trading strategy so thats a no no for me also I you could place limit orders but...the closer you are the better chance you have of estimating levels....like like picking a levels a month in advance vs picking a level a day or could h4 candles of that .....distance increases room for error...i guess is what i am trying to say
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  • #1,188,489
  • Dec 9, 2020 11:36am Dec 9, 2020 11:36am
Quoting mistaouting
{quote} not caring about news is not part of trading strategy so thats a no no for me also I you could place limit orders but...the closer you are the better chance you have of estimating levels....like like picking a levels a month in advance vs picking a level a day or could h4 candles of that .....distance increases room for error...i guess is what i am trying to say
I have come to the conclusion that most news published in this market is generated to mislead and trap retail in order to benefit the super wealthy and powerful. A small percentage of retail traders see it for what it is, and thus they ride the coattails of the market makers. Having said that, based on the boastful comments I see in this forum from time to time, and lack of evidence to back it up, I have my doubts that anyone bragging here has arrived.
Learn from your mistakes and march on.
  • #1,188,490
  • Dec 9, 2020 11:39am Dec 9, 2020 11:39am
Quoting here2there
{quote} I have come to the conclusion that most news published in this market is generated to mislead and trap retail in order to benefit the super wealthy and powerful. A small percentage of retail traders see it for what it is, and thus they ride the coattails of the market makers. Having said that, based on the boastful comments I see in this forum from time to time, and lack of evidence to back it up, I have my doubts that anyone bragging here has arrived.
The only news that have any effect on price are strong unexpected news.

There were times when even scheduled news could move eu by 100 pips but now only oldtimers will remember those.
  • #1,188,491
  • Dec 9, 2020 11:42am Dec 9, 2020 11:42am
The news are creating volatility which help market moves. Also big investors look at news for clues about the economy and move the price according the overall view they have for an asset, if, something doesn't look well you can see it in the chart and the price moves in opposite direction of the consensus.

Although, I am taking entries at technical levels some times, which I wouldn't get so my above statement is wrong many times.
Looking for profitable short term trades ...|
  • #1,188,492
  • Edited 12:00pm Dec 9, 2020 11:43am | Edited 12:00pm
Just closed some sell orders 2130 to 2060 and I'm buying 1.2060.
There's chance to ride lower maybe 1990.

We been telling for nearly 100 years now that "the news is anciliary to the wave principle."
News is history, they're just repeating details of something that already happend in a fake economy with idealized data.
Founder of Sutherland Wave Principle
  • #1,188,493
  • Dec 9, 2020 11:46am Dec 9, 2020 11:46am
Quoting mades
{quote} The only news that have any effect on price are strong unexpected news. There were times when even scheduled news could move eu by 100 pips but now only oldtimers will remember those.
The Forex market is drying up. I believe a time will come when it will be taken over by the crypto market.
Learn from your mistakes and march on.
  • #1,188,494
  • Dec 9, 2020 11:48am Dec 9, 2020 11:48am
Quoting here2there
{quote} I have come to the conclusion that most news published in this market is generated to mislead and trap retail in order to benefit the super wealthy and powerful. A small percentage of retail traders see it for what it is, and thus they ride the coattails of the market makers. Having said that, based on the boastful comments I see in this forum from time to time, and lack of evidence to back it up, I have my doubts that anyone bragging here has arrived.
facts or facts and opinions are just that.

news published in this market is generated to mislead and trap retail in order to benefit the super wealthy and powerful....opinion. Most people look for ways to blame something else for their misfortune instead of taking ownership or responsibility....like someone saying Mexicans taking all American jobs....standing on corners asking for a handout next to a Mexican who grew some roses and selling those....this concept is soooooo deeply rooted in some people and would never even know this is something they are dealing with mentally

For example maybe is because those retail traders don't understand how that news may affect the market....but instead they say is some grand plan to take their money


I dont know your scale to measure how or if someone has arrived....but i would simply say if your winning more than you lose then your doing good! Fact here are faking, scamming, or something because anyone who is legit understands the affects of news on markets.
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  • #1,188,495
  • Dec 9, 2020 11:49am Dec 9, 2020 11:49am
Quoting here2there
{quote} The Forex market is drying up. I believe a time will come when it will be taken over by the crypto market.
A drying market can really help moves like todays fall. See inside bar formation.
Looking for profitable short term trades ...|
  • #1,188,496
  • Dec 9, 2020 11:57am Dec 9, 2020 11:57am
Quoting mistaouting
{quote} ...facts or facts and opinions are just that. news published in this market is generated to mislead and trap retail in order to benefit the super wealthy and powerful....opinion. Most people look for ways to blame something else for their misfortune instead of taking ownership or responsibility....like someone saying Mexicans taking all American jobs....standing on corners asking for a handout next to a Mexican who grew some roses and selling those....this concept is soooooo deeply rooted in some people and would never even know this is...
It has been said that more than 90% of retail traders fail. What this means is, more often than not, when the majority are selling, they are losing, and the same is true for buying.

The news, for the most part, is there to manipulate behavior. If you think it's pure, then you are deluded.

As for winning more than you lose and supposedly doing good. That is not necessarily true. It all depends on how you look at winning and losing. And what it really comes down to is how you are managing your trades. It is a fact that you can win more trades than you lose and still and up losing in the end. I have seen it while testing bots.
Learn from your mistakes and march on.
  • #1,188,497
  • Dec 9, 2020 12:00pm Dec 9, 2020 12:00pm
Quoting here2there
{quote} The Forex market is drying up. I believe a time will come when it will be taken over by the crypto market.
Forex market is NOT drying up. In fact, the daily volume is at $6.6 trillion (2019 figure), which is way up compared to years ago, it is by far the largest financial market.

Volatility is down because liquidity is much stronger, they are inversely correlated.

Crypto world is like 1% of forex world and I'm being very generous. No way it will be taken over, unless crypto currencies become standard currencies of the future.
  • #1,188,498
  • Dec 9, 2020 12:04pm Dec 9, 2020 12:04pm
Quoting here2there
{quote} It has been said that more than 90% of retail traders fail. What this means is, more often than not, when the majority are selling, they are losing, and the same is true for buying. The news, for the most part, is there to manipulate behavior. If you think it's pure, then you are deluded. As for winning more than you lose and supposedly doing good. That is not necessarily true. It all depends on how you look at winning and losing. And what it really comes down to is how you are managing your trades. It is a fact that you can win more trades...
and majority of those 90% retail traders probably think they are loosing because someone or something is out to get them and their stop losses and not their lack of ability to trade.
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  • #1,188,499
  • Dec 9, 2020 12:05pm Dec 9, 2020 12:05pm
sell @ 2070 target 1990 buy closed.
Founder of Sutherland Wave Principle
  • #1,188,500
  • Dec 9, 2020 12:10pm Dec 9, 2020 12:10pm
Quoting mades
{quote} ...No way it will be taken over, unless crypto currencies become standard currencies of the future.
I have no doubt this will happen (with certain crypto currencies). The good news is it is still early. In a few years, a think a lot of people will be sorely disappointed that they missed the boat.

Having said that, regulatory clarity is coming soon.
Learn from your mistakes and march on.
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