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The Strength of USD

  • #421
  • Feb 26, 2021 12:01am Feb 26, 2021 12:01am
Don’t wait for the market to show a way, wait for the market to come our way before playing ...
Market is not random but unpredictable
  • #422
  • Feb 27, 2021 2:29am Feb 27, 2021 2:29am
Quoting 4for4
Use the weekly to identify trend and use the daily to monitor correction ...
Longer timeframes are more sustainable and there’s no need to sit in front of the terminal most of the time during the day ...
Market is not random but unpredictable
  • #423
  • Feb 27, 2021 6:38pm Feb 27, 2021 6:38pm
Trading is about anticipating the future, not reacting to the present or the past ...
Successful anticipation requires certain preconditions to happen first before the system is applicable. Thus, successful trading depends on our ability to wait for the market to fulfill the required preconditions before planning a trade ...
Attached Image
(Let the market come before playing)
Market is not random but unpredictable
  • #424
  • Edited 5:12am Mar 2, 2021 1:15am | Edited 5:12am
Trading edge doesn’t come from having a high analytical ability, it comes from having a working systematic strategy which was developed based on sound and simple principles through years of inspirations ...
Market is not random but unpredictable
  • #425
  • Mar 12, 2021 9:07am Mar 12, 2021 9:07am
No system will work on all market conditions, but it’s possible to have a system that works well in one market condition or behavior ...
Market is not random but unpredictable
  • #426
  • Apr 11, 2021 7:38pm Apr 11, 2021 7:38pm
A trend is identifiable only after its 1st impulse wave happened. We could then wait patiently for its corrective waves before playing its subsequent impulse waves ... (this is the non-random part of the market)

But, please be warned that a supposedly corrective wave could turn into an opposing impulse wave at any time without any sign ... (this is one of the unpredictable market events)
Market is not random but unpredictable
  • #427
  • Apr 12, 2021 3:10am Apr 12, 2021 3:10am
Sell-Stop NZD @ 0.6995 —> 0.7071 / 0.6957 ...
Market is not random but unpredictable
  • #428
  • Apr 14, 2021 3:46am Apr 14, 2021 3:46am
Quoting 4for4
Sell-Stop NZD @ 0.6995 —> 0.7071 / 0.6957 ...
Cancel the pending order because SL was reached first ...
Market is not random but unpredictable
  • #429
  • Apr 16, 2021 8:49pm Apr 16, 2021 8:49pm
Quoting Inadame
the USD is gainnig some strength after so much weakness in 2020
Any levels for entry and exits?
Market is not random but unpredictable
  • #430
  • Edited 7:30pm Apr 17, 2021 6:35pm | Edited 7:30pm
The market can do nothing except goes up and down alternately.
The alternating sequence of high and low create waves, which can be categorized as impulse wave or corrective wave. We can then identify the series of alternating impulse and corrective waves as trend.
So, in summary, the market is just a series of alternating trends ...
Market is not random but unpredictable
  • #431
  • Apr 17, 2021 9:16pm Apr 17, 2021 9:16pm
Proper trading is about identifying and playing the trend in some way ...
Market is not random but unpredictable
  • #432
  • Apr 20, 2021 6:44pm Apr 20, 2021 6:44pm
Buy Oil @ 62.30 —> 57.60 / 64.65 ...
Market is not random but unpredictable
  • #433
  • Apr 25, 2021 7:37pm Apr 25, 2021 7:37pm
Do the technical analysis to develop a system, not to find trades ...
Market is not random but unpredictable
  • #434
  • Apr 25, 2021 8:03pm Apr 25, 2021 8:03pm
usd weakness.
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #435
  • Apr 25, 2021 8:47pm Apr 25, 2021 8:47pm
Quoting Inthebox
usd weakness. {image}
Yes, USDX is down-trending with 93.44 as its current trend-reversal level ...
Attached Image (click to enlarge)
Click to Enlarge Name: D4C5F407-F617-439E-B266-C4FFBC9147AD.jpeg Size: 295 KB
Market is not random but unpredictable
  • #436
  • Apr 25, 2021 9:06pm Apr 25, 2021 9:06pm
The stock market is inversely correlated to the strength of USD:
- Buy-Stop DJ5R @ 34197 —> 33690 / 34451 ...
Market is not random but unpredictable
  • #437
  • Apr 25, 2021 9:11pm Apr 25, 2021 9:11pm
sold usdcad 1.24622
ITB - Seeing Orderliness amongst 'Randomness'
  • #438
  • Apr 25, 2021 9:16pm Apr 25, 2021 9:16pm
Quoting Inthebox
sold usdcad 1.24622
Any TP and SL?
Market is not random but unpredictable
  • #439
  • Apr 25, 2021 9:21pm Apr 25, 2021 9:21pm
Quoting 4for4
{quote} Any TP and SL?
exit h1 candle close above 1.2490 (not a hard stop).
tp 1.24.
ITB - Seeing Orderliness amongst 'Randomness'
  • #440
  • Apr 26, 2021 9:44am Apr 26, 2021 9:44am
Quoting Inthebox
{quote} exit h1 candle close above 1.2490 (not a hard stop). tp 1.24.
Congratulation on hitting your TP ...
Market is not random but unpredictable
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