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  • #1,201,801
  • Oct 29, 2021 7:47am Oct 29, 2021 7:47am
still in range for 1750 i'm waiting reversal... come to daddy
-73
-28
Founder of Sutherland Wave Principle
  • #1,201,802
  • Oct 29, 2021 7:50am Oct 29, 2021 7:50am
Quoting Nordling00
{quote} Today's bearish movement is even stronger than the yesterday's bulls...
Not according to tick volume. But we will see at the end of the day.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD3.png Size: 43 KB
Learn from your mistakes and march on.
  • #1,201,803
  • Oct 29, 2021 7:51am Oct 29, 2021 7:51am
just tapped 61% in next higher timeframe could stop the bleeding of bulls?
Founder of Sutherland Wave Principle
  • #1,201,804
  • Oct 29, 2021 7:53am Oct 29, 2021 7:53am
It's back at 1.1570, clearly the consolidation will not end this week. We will have to wait until the next.
  • #1,201,805
  • Oct 29, 2021 7:55am Oct 29, 2021 7:55am
I think what we are seeing is a classic Friday selloff, because people don't want to keep their positions open over the weekend. It will be interesting to see how things go next week.

I'm glad I waited and didn't jump into a trade! Patience is key to success.
Learn from your mistakes and march on.
  • #1,201,806
  • Oct 29, 2021 8:04am Oct 29, 2021 8:04am
Quoting JotaP
Should not go below 1.158 (FED has no money for that, I was told).
Well, so they have borrowed somewhere. I big retracement is to be expected to pay it back.
Follow your guts, if you want to lose your money...
  • #1,201,807
  • Oct 29, 2021 8:04am Oct 29, 2021 8:04am
Quoting W0lfram
Idk about new lows, but ~90% confident that price gonna fill the unfair value down to 1.161 I'm averaging down currently avg entry 1.16976 (futures){image}
Excellent call WOlfram

Quoting Nordling00
{quote} Congrats to you too bro! After the last days move it was bold to sell Euro. And as a reward for your braveness and intelligence, you made a good amount of pips! Well deserved! Have a great weekend!
You did a great job yourself...you stuck to your guns and now you get to reap the benefits.
  • #1,201,808
  • Oct 29, 2021 8:06am Oct 29, 2021 8:06am
Quoting Techanalyst
{quote} Use daily, weekly and monthly for obvious supply/demand zones. {image}
You were spot on with that supply zone.

I was losing confidence in the supply and demand strategy. It's nice to see it work out.
Learn from your mistakes and march on.
  • #1,201,809
  • Oct 29, 2021 8:09am Oct 29, 2021 8:09am
Quoting Kaysole
{quote} Excellent call WOlfram {quote} You did a great job yourself...you stuck to your guns and now you get to reap the benefits.
Excellent photo!

Attached Image
Learn from your mistakes and march on.
  • #1,201,810
  • Oct 29, 2021 8:12am Oct 29, 2021 8:12am
Quoting Mcbeaners
reckon they are going to push this down to 1600 ish. for today. should reverse long monday and i would expect a very bullish week where 17360 would be tp. if me daily and weekly ma's are not talking sheet to me.
decent call - didn't trade it. reckon its done now.
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Click to Enlarge Name: 2021-10-29_11-11-10.png Size: 268 KB
In tea leaves we trust!
  • #1,201,811
  • Oct 29, 2021 8:14am Oct 29, 2021 8:14am
Quoting here2there
{quote} Excellent photo! {image}
Thank you here2there...it's the Black Forest in Germany and since I love nature, I used it as my profile.
  • #1,201,812
  • Oct 29, 2021 8:15am Oct 29, 2021 8:15am
Quoting Kaysole
{quote} Excellent call WOlfram {quote} You did a great job yourself...you stuck to your guns and now you get to reap the benefits.
Thank you mate! That's what trading is all about isn't it? Managing your risk and trusting your analysis
You have to have an IQ higher than 90 to interact with this user.
  • #1,201,813
  • Oct 29, 2021 8:27am Oct 29, 2021 8:27am
Quoting Kaysole
{quote} Thank you here2there...it's the Black Forest in Germany and since I love nature, I used it as my profile.
You are a good photographer.
Learn from your mistakes and march on.
  • #1,201,814
  • Oct 29, 2021 8:42am Oct 29, 2021 8:42am
Buy more, I can't my margin ran out.. or i would add here again long.
-113
-68
Founder of Sutherland Wave Principle
  • #1,201,815
  • Oct 29, 2021 8:48am Oct 29, 2021 8:48am
The real problem with some people is that they don't have any strategic idea of how things work.

It was clear that prices would have to drop in spite of indicators projecting otherwise. Markets don't move based on graphics or creepy algorithms. They don't move either to join support or resistance lines. Look where the down move stopped, no support zone was there.
Follow your guts, if you want to lose your money...
  • #1,201,816
  • Oct 29, 2021 8:58am Oct 29, 2021 8:58am
what's 1000 Pips divided by 7 lower degree time frame waves?
Founder of Sutherland Wave Principle
  • #1,201,817
  • Oct 29, 2021 9:02am Oct 29, 2021 9:02am
Looks like ending diagonal triangle happened
Founder of Sutherland Wave Principle
  • #1,201,818
  • Oct 29, 2021 9:05am Oct 29, 2021 9:05am
Quoting JotaP
The real problem with some people is that they don't have any strategic idea of how things work. It was clear that prices would have to drop in spite of indicators projecting otherwise. Markets don't move based on graphics or creepy algorithms. They don't move either to join support or resistance lines. Look where the down move stopped, no support zone was there.
No, the real problem with some people is they come across as having the ability to see into the future when they don't know what is going to happen the next hour. And when they call it right, they are looked upon by noobs as having some special ability. The truth is, they don't always get it right. Even the best of traders make mistakes in judgment.

By the way, there will always be support and resistance zones. But because these things are subjective, they don't always work out as anticipated.
Learn from your mistakes and march on.
  • #1,201,819
  • Oct 29, 2021 9:34am Oct 29, 2021 9:34am
Now is 1.15 39 . . . I suppose it will reach 15 20 and rebound there for 50-60 pips.

The trend is DOWN and catching falling knifes is only detrimental . . . . BUT I am tempted to t . pfts there , IF seen ....

Patience and vigilance .

  • #1,201,820
  • Oct 29, 2021 9:37am Oct 29, 2021 9:37am
Quoting here2there
{quote} No, the real problem with some people is they come across as having the ability to see into the future when they don't know what is going to happen the next hour. And when they call it right, they are looked upon by noobs as having some special ability. The truth is, they don't always get it right. Even the best of traders make mistakes in judgment. By the way, there will always be support and resistance zones. But because these things are subjective, they don't always work out as anticipated.
Nobody has the capability to see into the future, Trading is a game of probabilities what matters is to turn the odds into our favor, in the same sense that a professional poker players does.

I know that it is impossible to get it right all the time, this is implicit in my first phrase.

There is no support and resistance zones, this is a construct. What happen is that many times such zones happen to be located where the Smart Money ends its liquidity search mission. Support and resistance don't tell any storyline, prices don't move there just because they feel any obligation to move there to punch the card.
Follow your guts, if you want to lose your money...
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