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  • #1,191,081
  • Edited 5:49pm Feb 22, 2021 5:33pm | Edited 5:49pm
Quoting 7154Superman
{quote} The reason for my short position at 1.2079: It was at the tip of the consolidation flag at R1. I expected a continuation of bearish PA down to 1.1975 on Friday. But we had surprisingly positive EU fundamental news which caused the bullish breakout to gain strength and smash through higher resistances. But, due to the big boys' system, we need to touchdown below 1.20 one more time this month before we retest January's high. That's why I held my position. I had no idea how high this bull trap was gonna go. We should be close to the peak now....
Do you have any chart setups? No one is ever right all the time. The larger trend for this pair is bullish in my opinion, but a few hours ago it was bearish on the shorter time frame. Now its turning bullish again. That's the problem with intra-day trading and scalping. You are constantly going back and forth and while you are in the middle of predicting a market turn, that turn is turning on you. You end up with a lot of noise. Sometimes it's best not to even make a prediction on these shorter time frames, because even us veteran traders will be wrong when the market does a swift correction. That's one reason you see a lot of infighting here. A bunch of scalpers contradicting each other all the time. Then on the outside the swing traders are watching everything calmly. Anyway, this pair is moving slowly right now, and anyone can use their own system to predict the next turn within the next hour or few hours. If you are wrong does that mean you suck at trading? NO it doesn't. I've seen people with insane setups predicting intraday market turns and sometimes it works, sometimes it doesn't. My point is this, when you are trying to predict very small intraday market turns, or day trader moves at all, it becomes very tricky. People will pounce on you here if they see even the slightest inconsistency in your strategy. It's part of the territory with scalping and day trading. If you keep this in mind, it doesn't really matter what anyone says to you........just keep learning and trading, and hopefully you will be successful. Its ALWAYS a learning process my friend :-)
  • #1,191,082
  • Feb 22, 2021 7:23pm Feb 22, 2021 7:23pm
Quoting TaoTrader
{quote} Do you have any chart setups? No one is ever right all the time. The larger trend for this pair is bullish in my opinion, but a few hours ago it was bearish on the shorter time frame. Now its turning bullish again. That's the problem with intra-day trading and scalping. You are constantly going back and forth and while you are in the middle of predicting a market turn, that turn is turning on you. You end up with a lot of noise. Sometimes it's best not to even make a prediction on these shorter time frames, because even us veteran traders...
I am a rookie and completely uneducated in terms of chart setups and technicals. I just got in and started trading 18 months ago and learned the hard way. I still have a lot to learn.
But lately, my predictions of price direction and pivots have been accurate when I was able to "see" it. That's all.
I don't always "see" it. But when I do, it has been right on consistently. If a longer term trader wants to say at the top that we are bullish long term, I say, yeah, first we go down to this place, then, yeah, long term bullish after that, yeah. You see, you need to learn to call the bullish moves in the beginning, at the bottom, not at the top, when there is going to be a correction first, or a stop hunt/bear trap. But, things are flip-flopping here now into a bull trap because of surprising fundamental news on Friday. I didn't see that coming, and I freely admit it. But we will see another bear run before the end of the month.
If I'm wrong, I'm wrong. then I'll have to research more to make sure my next calls will be accurate. But so far, everything is still in line long term.
You cannot fail if you never give up.
  • #1,191,083
  • Feb 22, 2021 8:08pm Feb 22, 2021 8:08pm
Quoting 7154Superman
{quote} I am a rookie and completely uneducated in terms of chart setups and technicals. I just got in and started trading 18 months ago and learned the hard way. I still have a lot to learn. But lately, my predictions of price direction and pivots have been accurate when I was able to "see" it. That's all. I don't always "see" it. But when I do, it has been right on consistently. If a longer term trader wants to say at the top that we are bullish long term, I say, yeah, first we go down to this place, then, yeah, long term bullish after that, yeah....
Thanks for sharing your experience. I would be glad to offer any assistance you need. I don't get on here often, but I have a trading journal that has a lot of info you will find useful. I have the trading method I use listed on the last page of my journal, and a link to the youtube channel for the person who created this training program. Just go to my page here and you will see it. I've been doing this for a long time and to me it's quite simple most of the time. I try to always keep an open mind, not get too serious, and stay friendly with everyone......unless they start acting all arrogant, then I just ignore them. Let me know if you need any help, I'm around
  • #1,191,084
  • Feb 22, 2021 8:16pm Feb 22, 2021 8:16pm
Quoting TaoTrader
{quote} Thanks for sharing your experience. I would be glad to offer any assistance you need. I don't get on here often, but I have a trading journal that has a lot of info you will find useful. I have the trading method I use listed on the last page of my journal, and a link to the youtube channel for the person who created this training program. Just go to my page here and you will see it. I've been doing this for a long time and to me it's quite simple most of the time. I try to always keep an open mind, not get too serious, and stay friendly...
I am looking for a mentor to guide me and teach me how to use the chart to identify the potential trends. Appreciate anyone can teach me. Thanks
  • #1,191,085
  • Feb 22, 2021 8:49pm Feb 22, 2021 8:49pm
Where do these stairs go? They go up!
Gotta play double top at 1.23XX

Pop quiz: Why does a circle divided into 6 equal sections of 60 degree's equal Seveness?
Founder of Sutherland Wave Principle
  • #1,191,086
  • Edited 9:10pm Feb 22, 2021 8:54pm | Edited 9:10pm
I turned the Elliott wave system into a 7 wave system and merged it with quantum physics haha.
Now I can safely say there's is a Isotropic Vector Matrix at 1.23 you want to watch out for.
Also we're heading towards the only nested platonic solid who's dual is itself forming a star tetrahedral zone.
Are you ready for quantum mechanics based forecasting?
Founder of Sutherland Wave Principle
  • #1,191,087
  • Feb 22, 2021 9:05pm Feb 22, 2021 9:05pm
$JY long at 105.01

  • #1,191,088
  • Feb 22, 2021 9:07pm Feb 22, 2021 9:07pm
Attached Image (click to enlarge)
Click to Enlarge Name: 19460efff564c0218a707093ec2f3862.png Size: 199 KB
  • #1,191,089
  • Feb 22, 2021 9:18pm Feb 22, 2021 9:18pm
Quoting kovanong07
{quote} I am looking for a mentor to guide me and teach me how to use the chart to identify the potential trends. Appreciate anyone can teach me. Thanks
The easiest way to learn on your own for free, in my opinion, is babypips.com. It teaches you everything you need to know. You can also watch this video from youtube:


Inserted Video


Babypips.com also teaches you how to use Metatrader 4/5. Anyone here can teach you or be your mentor if they wanted to, but you have to be able to absorb and understand the knowledge, which is a lot if you want to be a successful trader. You can learn how to trade in one day, but to really understand what's going on and to be confident at it I'd say you need at least a few months of solid study. That's all it took for me. I studied for 2 months before I started trading, then I just had to understand how the live market works. If you go through the full course at babypips.com you can become a successful trader immediately.
  • #1,191,090
  • Feb 22, 2021 9:53pm Feb 22, 2021 9:53pm
Price flirting with my 2180 exit
  • #1,191,091
  • Feb 22, 2021 9:54pm Feb 22, 2021 9:54pm
Quoting 7154Superman
{quote} The reason for my short position at 1.2079: It was at the tip of the consolidation flag at R1. I expected a continuation of bearish PA down to 1.1975 on Friday. But we had surprisingly positive EU fundamental news which caused the bullish breakout to gain strength and smash through higher resistances. But, due to the big boys' system, we need to touchdown below 1.20 one more time this month before we retest January's high. That's why I held my position. I had no idea how high this bull trap was gonna go. We should be close to the peak now....
Hey brother, I've been a trader for a long time, here's my 2 cents, it doesn't matter if your right a lot and wrong some of the times. Without good money management, you still wont make any money. I personally don't hold on to losing trades for very long and I always add to winning trades. My only real goal is to get my stop to BE +2 so that I can have a free trade. If you hold on to losing trades you will lose out on the opportunity cost of an entry into the opposite direction. You predict price targets which is fine, but within those ranges there are plenty of trades you can take in either direction. Have a great trading day, C.
  • #1,191,092
  • Feb 22, 2021 9:56pm Feb 22, 2021 9:56pm
Here is a quick lesson, it is not that hard. On these 2 charts I used the Daily and 4H because they are not as effected by fundamentals. This will show you how Price Action moves. It is the same thing on the other time frames, I just used Daily and 4H. Trade with the trend and know what how to spot Range fast and why it occurs. Then trade the range if you know how.
MA's on chart:
Red=50EMA
Green=100EMA
Blue=240 LWMA

Add indicators if you want, this is the basics on how price moves on a chart using MA's to see it.

For fun, set up your chart with the MA's draw a line on the 4H as in my chart, now flip to 1H highlight when MA's going in opposite direction. Notice something familiar? I see people drawing trend lines, they enter when price hits the trend line and trade away from it, it is the exact same thing on waiting for price to be in the MA's.

Stop making it so hard.

*EDIT Blue vertical line on Daily means MACD 12,26,1 is above 0.00 on the Weekly.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4H.PNG Size: 84 KB
Click to Enlarge Name: Daily.PNG Size: 89 KB
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,191,093
  • Feb 22, 2021 9:59pm Feb 22, 2021 9:59pm
Quoting TaoTrader
{quote} The easiest way to learn on your own for free, in my opinion, is babypips.com. It teaches you everything you need to know. You can also watch this video from youtube: https://www.youtube.com/watch?v=dSi_rndHKp8 Babypips.com also teaches you how to use Metatrader 4/5. Anyone here can teach you or be your mentor if they wanted to, but you have to be able to absorb and understand the knowledge, which is a lot if you want to be a successful trader. You can learn how to trade in one day, but to really understand what's going on and...

Thanks for the advice. Will spend time reading and understand. Will see advice if needed. Thanks
  • #1,191,094
  • Feb 22, 2021 10:06pm Feb 22, 2021 10:06pm
Yesterday smart money first offlooad big lot at 2164 and push it below 2130 and later suck entire sell orders and push it to 2169 and later unloaded till 2150 and again sucked all and push to 2177
And pushed to 2166..
This all shows smart money is long and public is short..
Today the pair move depend on how public react...
More noise if u heard short..
Short.. It is a clear trap set to trap retailers to gas chamber..
So trade safe and ignore long stories
  • #1,191,095
  • Feb 22, 2021 10:08pm Feb 22, 2021 10:08pm
Quoting suthmo
I turned the Elliott wave system into a 7 wave system and merged it with quantum physics haha. Now I can safely say there's is a Isotropic Vector Matrix at 1.23 you want to watch out for. Also we're heading towards the only nested platonic solid who's dual is itself forming a star tetrahedral zone. Are you ready for quantum mechanics based forecasting?
A man is explaining the concepts of time travel.
He speaks of how you must not manipulate what happened before, because that is how the current events occurred. However, it may be possible to change what will happen, due to quantum uncertainty.

In summary, he passed the past, presented the present and featured the future.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,191,096
  • Feb 22, 2021 11:03pm Feb 22, 2021 11:03pm
Quoting kovanong07
{quote} Thanks for the advice. Will spend time reading and understand. Will see advice if needed. Thanks
No problem!
  • #1,191,097
  • Feb 22, 2021 11:07pm Feb 22, 2021 11:07pm
Quoting OhComeOn
{quote} A man is explaining the concepts of time travel. He speaks of how you must not manipulate what happened before, because that is how the current events occurred. However, it may be possible to change what will happen, due to quantum uncertainty. In summary, he passed the past, presented the present and featured the future.
  • #1,191,098
  • Feb 22, 2021 11:17pm Feb 22, 2021 11:17pm
What the.... I haven't been here for a few years, but happy to see some familiar names. And to see that these experienced traders are also very patient with cheeky beginners and offer their help!
  • #1,191,099
  • Feb 22, 2021 11:54pm Feb 22, 2021 11:54pm
tough time reaching my 2180 exit
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 37 KB
Click to Enlarge Name: EURUSDH4.png Size: 39 KB
  • #1,191,100
  • Feb 22, 2021 11:56pm Feb 22, 2021 11:56pm
Quoting PennyPiles
What the.... I haven't been here for a few years, but happy to see some familiar names. And to see that these experienced traders are also very patient with cheeky beginners and offer their help!
how is your piles problem now

you said your name is penny and you have piles
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