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  • #1,201,821
  • Oct 29, 2021 11:37am Oct 29, 2021 11:37am
Quoting suthmo
Looks like ending diagonal triangle happened
No such thing happened. . . ONLY a brutal turn-around all REVERSAL . The force of this move is telling a lot about the future .

  • #1,201,822
  • Oct 29, 2021 11:41am Oct 29, 2021 11:41am
yes its end of month. some book balancing going on. i wonder what the options mean price was this month. no doubt roughly where we are now.
In tea leaves we trust!
  • #1,201,823
  • Oct 29, 2021 11:47am Oct 29, 2021 11:47am
Quoting JotaP
{quote} ...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.
Of course there are. Just because a support or resistance zone doesn't work out, it doesn't mean it doesn't exist. Drawing support and resistance lines at key price zones is just another way of doing TA. It's not a guarantee price will react to these areas as anticipated. The same can be said about supply and demand zones.
Learn from your mistakes and march on.
  • #1,201,824
  • Oct 29, 2021 11:49am Oct 29, 2021 11:49am
Quoting Js3mwtRc
{quote} Retraced to 1650, thats enough for a correction if, the market is not greedy. Staying safe protecting any profits from 1685 may-be the wisest thing a trader might have to do. 1690 is a good target for the bulls. I closed here and may re-enter around 1700.
What a selloff, I exited earlier thinking it is going to retrace. I look very poor according this run (150 pips?!)... at least I made some money!

Anyone still in this trade? Well done!

Have a great weekend!
Looking for profitable short term trades ...|
  • #1,201,825
  • Oct 29, 2021 11:52am Oct 29, 2021 11:52am
Quoting Js3mwtRc
{quote} What a selloff, I exited earlier thinking it is going to retrace. I look very poor according this run (150 pips?!)... at least I made some money! Anyone still in this trade? Well done! Have a great weekend!
Still on sell and will stay that way for a while. I may exit it just before the FED meeting to guarantee the profits
You have to have an IQ higher than 90 to interact with this user.
  • #1,201,826
  • Oct 29, 2021 11:52am Oct 29, 2021 11:52am
Still we can go lower
Attached Image (click to enlarge)
Click to Enlarge Name: eur.png Size: 43 KB
Trendlines H1,H4, SMC
  • #1,201,827
  • Oct 29, 2021 11:53am Oct 29, 2021 11:53am
Quoting here2there
{quote} Of course there are. Just because a support or resistance zone doesn't work out, it doesn't mean it doesn't exist. Drawing support and resistance lines at key price zones is just another way of doing TA. It's not a guarantee price will react to these areas as anticipated. The same can be said about supply and demand zones.
You are talking about classical technical analysis, the analysis 95% of traders perform and then lose.
There are other analysis.
Follow your guts, if you want to lose your money...
  • #1,201,828
  • Oct 29, 2021 11:54am Oct 29, 2021 11:54am
Quoting Js3mwtRc
{quote} What a selloff, I exited earlier thinking it is going to retrace. I look very poor according this run (150 pips?!)... at least I made some money! Anyone still in this trade? Well done! Have a great weekend!
Yeap , mate. I entered late and will exit late. . . Don't leave your desk now. Stay and watch it....

  • #1,201,829
  • Edited 12:16pm Oct 29, 2021 11:55am | Edited 12:16pm
Quoting F.g
{quote} No such thing happened. . . ONLY a brutal turn-around all REVERSAL . The force of this move is telling a lot about the future .
Ending diagonal on 1 min chart
Now 30 Min hammer?
4 swings north 3 south over span of 1000 pips probably going to start here.
all I can see is warp drive from here
Attached Image (click to enlarge)
Click to Enlarge Name: Eurfrog2.png Size: 1.7 MB
Founder of Sutherland Wave Principle
  • #1,201,830
  • Oct 29, 2021 12:04pm Oct 29, 2021 12:04pm
Quoting here2there
{quote} You are a good photographer.
I wish I could take credit for the photo, but I didn't take it.
  • #1,201,831
  • Oct 29, 2021 12:08pm Oct 29, 2021 12:08pm
Quoting F.g
{quote} Yeap , mate. I entered late and will exit late. . . Don't leave your desk now. Stay and watch it....
Good job. I will close, I am tired, end of week.. a movie and sleep!!
Looking for profitable short term trades ...|
  • #1,201,832
  • Oct 29, 2021 12:09pm Oct 29, 2021 12:09pm
first pic with S1
second pic with S2
Attached Image(s) (click to enlarge)
Click to Enlarge Name: df.png Size: 43 KB
Click to Enlarge Name: eur.png Size: 40 KB
Trendlines H1,H4, SMC
  • #1,201,833
  • Oct 29, 2021 12:09pm Oct 29, 2021 12:09pm
Quoting JotaP
{quote} You are talking about classical technical analysis, the analysis 95% of traders perform and then lose. There are other analysis.
It seems you are implying 95% of traders lose consistently using 'classical' TA. If you have proof of this, then show it. Otherwise, you are just making stuff up. How about this. Just post your charts and ideas and stay away from hyperbole.
Learn from your mistakes and march on.
  • #1,201,834
  • Oct 29, 2021 12:09pm Oct 29, 2021 12:09pm
Quoting Nordling00
{quote} Still on sell and will stay that way for a while. I may exit it just before the FED meeting to guarantee the profits
You made it! FED is the reason, is far away from ECB.. congrats, I'll trade from the new week again.
Looking for profitable short term trades ...|
  • #1,201,835
  • Oct 29, 2021 12:15pm Oct 29, 2021 12:15pm
Quoting here2there
{quote} Of course there are. Just because a support or resistance zone doesn't work out, it doesn't mean it doesn't exist. Drawing support and resistance lines at key price zones is just another way of doing TA. It's not a guarantee price will react to these areas as anticipated. The same can be said about supply and demand zones.
Resistance broken on hourly, stop loss hunt, traders are out. Liquidity above the resistance line. Unless you understand this, anyone that uses support/resistance on this specific trade and went to sell on that resistance line would be stopped out. It usually happens that way too.

Look at daily supply zone, it would tell you the story and where the price turned and went down. So confirming those zones with fundamentals it works really good.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDdaily.png Size: 30 KB
Click to Enlarge Name: EURUSDH1.png Size: 38 KB
  • #1,201,836
  • Oct 29, 2021 12:22pm Oct 29, 2021 12:22pm
Quoting Techanalyst
{quote} Resistance broken on hourly, stop loss hunt, traders are out. Liquidity above the resistance line. Unless you understand this, anyone that uses support/resistance on this specific trade and went to sell on that resistance line would be stopped out. It usually happens that way too. Look at daily supply zone, it would tell you the story and where the price turned and went down. So confirming those zones with fundamentals it works really good. {image} {image}
I understand this. But that doesn't mean support and resistance zones don't exist. Nor does it mean plotting support and resistance zones for trading is useless.
Learn from your mistakes and march on.
  • #1,201,837
  • Oct 29, 2021 12:22pm Oct 29, 2021 12:22pm
Quoting here2there
{quote} It seems you are implying 95% of traders lose consistently using 'classical' TA. If you have proof of this, then show it. Otherwise, you are just making stuff up. How about this. Just post your charts and ideas and stay away from hyperbole.
Yes, 95% of traders lose consistently using their BabyPips learnings, aka Classical Technical Analysis. This is public information spread all over the internet. Probably, it is much more than that, according to many sources.

I am not mentoring here, my friend. I have a large number of Trade Explorers, 4 of them are for FTMO Challenge Trials. I passed 3, 1 just profit.

Since it is also wide spread that the probability of passing a FTMO Challenge is less than 5%. The probability of passing 3 in 4 attempts is:

4!/3! x 0.05^3 x 0.95 = 0.00285 or 0.285%

Now, what have you to show to support the benefits of Classical Technical Analysis? Nothing.
Follow your guts, if you want to lose your money...
  • #1,201,838
  • Oct 29, 2021 12:24pm Oct 29, 2021 12:24pm
Quoting JotaP
{quote} Yes, 95% of traders lose consistently using their BabyPips learnings, aka Classical Technical Analysis. This is public information spread all over the internet....
Prove it!
Learn from your mistakes and march on.
  • #1,201,839
  • Oct 29, 2021 12:25pm Oct 29, 2021 12:25pm
Quoting F.g
{quote} No such thing happened. . . ONLY a brutal turn-around all REVERSAL . The force of this move is telling a lot about the future .
Cause me to think of the important fact
Elliott 5:3 wave to wave relationship is 4:3 x 4:3 x 4:3 x 4:3 x 4:3 x 4:3 x4:3 or 7 x 7 matrix
Founder of Sutherland Wave Principle
  • #1,201,840
  • Oct 29, 2021 12:32pm Oct 29, 2021 12:32pm
They had to put a notice at the bottom of every trading site telling how 75/90% of everyone just looses everything it's fact based on us equities and forex market data bam!
Founder of Sutherland Wave Principle
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