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EURUSD

  • #1,191,601
  • Mar 4, 2021 9:59am Mar 4, 2021 9:59am
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDH4.png Size: 33 KB
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 36 KB
  • #1,191,602
  • Mar 4, 2021 10:15am Mar 4, 2021 10:15am
Quoting here2there
USD continues to defy all logic (like the stock market). Fundamentally, USD is weak, and yet it continues to rise higher. Interesting! So where is USD headed? Possibly up to the supply zone (red dotted lines). If it reaches that area, then things could suddenly get ugly for USD. But you never know with USD. USD is full of surprises! Either way, fundamentally speaking, things do not look positive for USD long term, even though the price is rising. {image}
Why are things not looking promising for usd long term
LOCK IN RE-ENTER
  • #1,191,603
  • Mar 4, 2021 10:17am Mar 4, 2021 10:17am
Quoting mistaouting
{quote} Why are things not looking promising for usd long term
See Google.
Learn from your mistakes and march on.
  • #1,191,604
  • Mar 4, 2021 10:51am Mar 4, 2021 10:51am
Quoting Js3mwtRc
Good morning. EU is ranging in weekly, but bearish on daily timeframe, support for today is at 2022/2000 and resistance at 2100/2113. Weekly range is 2137/1987. The daily ATR is 72 pips. In the calendar OPEC-JMMC Meetings and Fed Chair Powell are the most important events to look for hints. Have a great trading day ahead. {quote} Closed this trade yesterday at 2076 and turned short from 2077. The targets are the above supports.
Closed the last trade with profit (+45) and wait for Powell speech, is near.
Looking for profitable short term trades ...|
  • #1,191,605
  • Mar 4, 2021 11:51am Mar 4, 2021 11:51am
Expect support around 1.1960
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #1,191,606
  • Mar 4, 2021 11:52am Mar 4, 2021 11:52am
Eur / usd a.k.a The Right Back
Always end up right back where started
Founder of Sutherland Wave Principle
  • #1,191,607
  • Mar 4, 2021 12:07pm Mar 4, 2021 12:07pm
Quoting ChiForex
Expect support around 1.1960
Secondary targets 1930/1850 area looks possible now.
It can boost up and reverse from 1970.
Primary target 1970

19777
Founder of Sutherland Wave Principle
  • #1,191,608
  • Mar 4, 2021 12:15pm Mar 4, 2021 12:15pm
Quoting Js3mwtRc
...support for today is at 2022/2000 and resistance at 2100/2113. Weekly range is 2137/1987...
All downside targets cleared next is 1952 in my screen!
Looking for profitable short term trades ...|
  • #1,191,609
  • Mar 4, 2021 12:25pm Mar 4, 2021 12:25pm
88% retrace because the top is so close have to pack this price action into small area.
When total wavelength is shortening you can see exaggerated correction lengths between sub waves.
It's in the death throws but still have to go up and kiss the sky.

Got a date lined up with 28XX
Founder of Sutherland Wave Principle
  • #1,191,610
  • Mar 4, 2021 12:29pm Mar 4, 2021 12:29pm
Quoting PatienceFx
Going back will be tough, only direction left is down At 1975 price may get drunk and sway sideways {image}
target met, trades closed
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 31 KB
  • #1,191,611
  • Mar 4, 2021 12:38pm Mar 4, 2021 12:38pm
Have to fit 5 more hourly degree waves between here and 28X so they're shortening relative to their selves..
Founder of Sutherland Wave Principle
  • #1,191,612
  • Edited 1:07pm Mar 4, 2021 12:45pm | Edited 1:07pm
now we are at a major support long term, so any trend here will be big
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDWeekly.png Size: 31 KB
  • #1,191,613
  • Mar 4, 2021 1:08pm Mar 4, 2021 1:08pm
Hope I am not the only one enjoying AUDUSD today. Looking to add more shorts at key levels.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 78 KB
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,191,614
  • Mar 4, 2021 1:29pm Mar 4, 2021 1:29pm
Quoting suthmo
88% retrace because the top is so close have to pack this price action into small area. When total wavelength is shortening you can see exaggerated correction lengths between sub waves. It's in the death throws but still have to go up and kiss the sky. Got a date lined up with 28XX
can i ask you to show us your chart so we can learn , thanks!
  • #1,191,615
  • Edited 2:33pm Mar 4, 2021 2:01pm | Edited 2:33pm
Quoting sing2x
{quote} I hope you start posting your trade screenshot like PatienceFX did, he always post his trades long before take profit happend, and from my view his trades is very decent. I know Elon is rich, but if only by looking his bank account didn't help me much. I hope you also share your strategy at least, not just boasting how good you are. maybe your scalping strategy, why you get in and out, even past trades is ok , because I know when we scalp we cannot post altogether. I think forum is a place to help each other not for boasting our ego.
My scalping strategy only fits my own personality and emotions. It will probably not work for anybody else if you try to copy it. The key to my success is learning what it takes to discipline my emotions during trading. I base my strategy around that. I cannot post while I'm actively scalping because I'm in and out quick.
99% of my time is spent watching and waiting.
I wait patiently for the perfect entry, get in and get out in the green as soon as price seems to reverse.
I go all in with maximum leverage with an equal amount of funding in my bank account just in case of draw down or margin call. But if I'm careful, that rarely happens. When I close my trade, I immediately cash out some of my profits into my bank account to rebalance my funds.
Today, I only made 3.75 pips, but with max leverage, it gave me 1.5% ROI. I spent hours watching and waiting, and only spent a couple minutes on open trades. That's how easy and stress-less it is for me. I do not allow fear and greed to control my emotions. I do not enter a trade if the situation seems iffy. I like to trade during quiet times when price action seems more predictable. I do not use stop losses or limit orders. I do not leave a running trade unmonitored unless in drawdown (because of bad entry) with TP set at B/E. With this kind of careful trade entries, I don't get into a big drawdown often. I have tried long-term trading and kept screwing up every time. So it doesn't work for me to try to catch big price movements.
I am a rookie, and uneducated in terms of technicals and indicators. I just use my eyes, brain, and what I've learned from past experience, nothing more. Completely improvised manual trading fitted for my own personality. Impossible for anybody else to follow.
The example I want to show everyone is not on how to trade price action but on how to control and discipline your mind and emotions without relying on technical systems or indicators. This way you can be free and improvise and still be in control of yourself. I am an emotional trader, bipolar and have Asperger's syndrome. Logically, it should be impossible for somebody like me to be profitable on Forex because I cannot abide by any system. My mental condition does not allow that. And I am proving everyone wrong who doubted me.
Currently, my ROI stands at 156% for 62 trading days. One more day to go to finish 3 months.
If you want to see my history, then check my Trade Explorer.
You cannot fail if you never give up.
  • #1,191,616
  • Mar 4, 2021 2:16pm Mar 4, 2021 2:16pm
Quoting suthmo
Eur / usd a.k.a The Right Back Always end up right back where started
Hence scalping is the profitable way to trade here instead of long term...
What goes up must come down, and what goes down must come up. Just like the ocean waves.
You cannot fail if you never give up.
  • #1,191,617
  • Mar 4, 2021 2:22pm Mar 4, 2021 2:22pm
Quoting PatienceFx
{quote} target met, trades closed {image}
Kudos for you!!!
This also now fulfilled my original prophecy during the last half of February. Dip to 1.1975. It just took a little longer than expected, as usual. Now, my prophecy was for the price to go up again and test January's high at 1.234 during March before dropping down to 1.16xx during April and May, then up to 1.25 and beyond later this summer and fall.
Let's see if that happens...
You cannot fail if you never give up.
  • #1,191,618
  • Mar 4, 2021 2:24pm Mar 4, 2021 2:24pm
Quoting ChiForex
Expect support around 1.1960
Update..I don't see 1.1960 holding after all this all around testing..looking at a slide toward 1.1870s good support
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #1,191,619
  • Mar 4, 2021 4:48pm Mar 4, 2021 4:48pm
Now my prophecy is that price will move 0.001 pip in any direction and when it happens if will never bother bragging
  • #1,191,620
  • Mar 4, 2021 4:50pm Mar 4, 2021 4:50pm
Quoting PatienceFx
Now my prophecy is that price will move 0.001 pip in any direction
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