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  • #121,641
  • Dec 10, 2020 5:14am Dec 10, 2020 5:14am
another trader psychology issue to overcome........it's confirmation bias.....if a trader enters a trade and price action goes against it massively.... instead of accepting that they didn't get it right that time ........they engage themselves horribly in justifying and coming up with strange logic , reasons and start quoting big numbers , bizzare new evidence that they just uncovered during that short badly judged drawdown and sl removal time period that they just did to themselves..........
don't get sucked into this biased behaviour........... if you are wrong ........ accept , reflect and move on..................

don't stunt your growth.........unleash it...........
  • #121,642
  • Dec 10, 2020 5:20am Dec 10, 2020 5:20am
Chikin out again
But it was justified.. it against the current move
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Don't mind me.. i'm crazy
  • #121,643
  • Dec 10, 2020 5:20am Dec 10, 2020 5:20am
Crying so hard today. Sold it at 1.2080 which now i know too early to sell.
Fundamental provide Volume, Technical shows Direction
  • #121,644
  • Dec 10, 2020 5:29am Dec 10, 2020 5:29am
out +10
MTF PA with indicators = a winning team
  • #121,645
  • Dec 10, 2020 5:30am Dec 10, 2020 5:30am
Quoting fxmasterdxb
I can see pretty good opportunity to short EU anywhere from current price to 1.2113, probably for few hundred pips
Was a good opportunity like said
There could be a spike up during the ECB press conference, however, the general direction is south
  • #121,646
  • Dec 10, 2020 5:31am Dec 10, 2020 5:31am
Quoting klm1011
another trader psychology issue to overcome........it's confirmation bias.....if a trader enters a trade and price action goes against it massively.... instead of accepting that they didn't get it right that time ........they engage themselves horribly in justifying and coming up with strange logic , reasons and start quoting big numbers , bizzare new evidence that they just uncovered during that short badly judged drawdown and sl removal time period that they just did to themselves.......... don't get sucked into this biased behaviour..............
Very true.. newbies do it all the time.. That's the reason for this thread.. to give traders better insight..

I might have missed your latest chart.. Do you have any running order? Thanks!

Stay Green
Focus only on what truly matters!
  • #121,647
  • Dec 10, 2020 5:39am Dec 10, 2020 5:39am
i hope they are reading and writing these experience based suggestions......

meanwhile PA suggests to me that price should become bearish from here........... a plethora of resistances , which are all above the price now......... however with the super news event and price stalling indicates ....... either hold positions at the extremes of this consolidation phase with super smart sl's
or wait it out
trend continuation would a surprise to me from here but hey that's what news does........ new power/new directions

but i will be waiting right there for you PA.....................
  • #121,648
  • Dec 10, 2020 5:40am Dec 10, 2020 5:40am
Based on H1, as long as 1.20845 area supports I am bullish.. (The daily chart is my main driver, which in contrary to H1 and H4 is bullish as well)

Stay Green
Focus only on what truly matters!
  • #121,649
  • Dec 10, 2020 5:46am Dec 10, 2020 5:46am
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im short to 1.2029
  • #121,650
  • Dec 10, 2020 5:47am Dec 10, 2020 5:47am
Quoting klm1011
i hope they are reading and writing these experience based suggestions...... meanwhile PA suggests to me that price should become bearish from here........... a plethora of resistances , which are all above the price now......... however with the super news event and price stalling indicates ....... either hold positions at the extremes of this consolidation phase with super smart sl's or wait it out trend continuation would a surprise to me from here but hey that's what news does........ new power/new directions but i will be waiting right there...
That's surprising to me: "Trend continuation would be a surprise"! Interesting!

Stay Green
Focus only on what truly matters!
  • #121,651
  • Dec 10, 2020 5:48am Dec 10, 2020 5:48am
watch out for this tl, if ti breaks more bearishness in eurusd ...
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MTF PA with indicators = a winning team
  • #121,652
  • Dec 10, 2020 5:48am Dec 10, 2020 5:48am
I agree - H1/H4/D1 are all bullish at present......
my strategy does very well with catching direction ......... out of a consolidation ..........or which ever way it goes ......... be it continuation or otherwise ..... no stress here about that ..........
  • #121,653
  • Dec 10, 2020 5:53am Dec 10, 2020 5:53am
short 1.20876, taarget +20 stop -10
MTF PA with indicators = a winning team
  • #121,654
  • Dec 10, 2020 5:55am Dec 10, 2020 5:55am
Am in short, obviously the best entry was at the upper TL but hopefully better late than never, happier if/when we break 12085..
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  • #121,655
  • Dec 10, 2020 6:03am Dec 10, 2020 6:03am
Daily S/R Levels (Re-post)

  1. First of all don't forget the "Dalton Brothers" pattern worked out so well that we are still sitting at these lows.. BUT the wave count is not complete yet and we still need a wave 5 up..
  2. The minimum swing high our beloved robber banks could throw in before they dump it would be 2175 area, just to take out stops at the top (hence why I keep mentioning The Dalton Brothers pattern)..
  3. BUT if wave 5 plays out legit and rise doesn't stop at 1.2175 area based on news or other crappy factors, we might arrive at 1.2250 levels pretty quick.. So keep that in mind as well..
  4. One thing for sure: Bulls are still leading on this chart. Don't get fooled by bad advisors!
  5. For bears: 1.2048 is the last man standing support area and lower edge of of the flag to break if they want to play hardcore..

Stay Green

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Focus only on what truly matters!
  • #121,656
  • Dec 10, 2020 6:08am Dec 10, 2020 6:08am
Monthly December Important Levels

Price - Time - Action

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Thanks & Regards
  • #121,657
  • Dec 10, 2020 6:09am Dec 10, 2020 6:09am
New scalper buy here at 1.2084... Stops must go a little below 1.2055..

Stay Green
Focus only on what truly matters!
  • #121,658
  • Dec 10, 2020 6:16am Dec 10, 2020 6:16am
Quoting fxmasterdxb
{quote} Was a good opportunity like said There could be a spike up during the ECB press conference, however, the general direction is south
Totaly agree! This fall now is preparing for a spike up during the news. Then we will continue down ... after all SL's.
  • #121,659
  • Dec 10, 2020 6:16am Dec 10, 2020 6:16am
I think i might have found the Holygrail for eurusd pair.............. won't sell it for 100 million dollars .............
............. maybe 200 million would be ok .......
  • #121,660
  • Dec 10, 2020 6:17am Dec 10, 2020 6:17am
Quoting fxmasterdxb
{quote} Was a good opportunity like said There could be a spike up during the ECB press conference, however, the general direction is south
SL is set to BE @ 1.2105
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