EURUSD

Quoting shay14

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{quote} If it works for you then it works.... not every successful trader uses "price"

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Quoting here2there

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{quote} If these things actually work, then why do people still lose using them? Just because something is perceived as helpful, it doesn't mean it is reliable.

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Quoting here2there

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{quote} Well, if you look at it that way, then nobody knows. But I think what your thought actually implies is nobody really knows the highest price or the lowest price. Nevertheless, the idea of buying low for some might be the most recent swing low, and vice versa for selling high. For others, it might be measured by a weekly candle, or a monthly candle, or a daily candle. It all depends on who is looking at it. In short, 'low' and 'high' are relative terms.

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Quoting here2there

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{quote} Just because it appears to be working for you, it doesn't mean it isn't mere coincidence. If someone else can trade just as successfully without it, then what benefit is it giving you? I think people mostly depend on this stuff not because it works, but because they feel they need it. In other words, I believe it's all in the mind. By the way, every trader uses price. It's inevitable.

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Quoting kuroro001

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{quote} I do ....or i wish Still holding longs so far {image}

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Quoting MrBullBear

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{quote} I bought too.. but I closed it already. Because I am very sure it touches the highs. {image}

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Quoting MrBullBear

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{quote} Relative term after the fact of which time frame? Lol.. Buying low, selling high is one of the most common use of trading "gurus" trying to scam peoples money. It's easy to sell ot but fool people. Yeah, just sell the highs, buy the lows, easy money.. all traders will be millionaire in a few trades..... just wait for the highs, then sell... wait for the lows, then buy. Few moments later, you are all millionaires. Easy to spot "after the fact", that is exactly trading "gurus" selling to newbies who fall victim to that. It's a trap! That's...

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Quoting shay14

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{quote} I'm definitely eyeing a short here ...

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Quoting here2there

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{quote} I understand what you are getting at. But I look at it this way. I can buy at a swing low, but that doesn't mean it won't go lower. I can buy at a swing high, but that doesn't mean it won't go higher. And even if it goes in my desired direction, it doesn't mean it will last long. And this is why it is important to have good risk management. However, I struggle with accepting defeat. This is my greatest hindrance to trading successfully. I am the guy who moves the stop loss instead of allowing myself to get stopped out. I am also the guy...

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Quoting kuroro001

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{quote} I do ....or i wish Still holding longs so far {image}

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Quoting MrBullBear

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{quote} It's the highs, they said... it goes over the top of ADR....stochastic screaming overbought... I bought anyway, and here's what happen. {image}

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Quoting here2there

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{quote} The funny thing is some people buy when it hits overbought, and sell when it hits oversold, and buy when price hits a high, and sell when price hits a low. And this can be done successfully. But this is essentially short term trading, so it usually doesn't last long. But pips can be gained. And yet, there are those who do the opposite, and still trade successfully. It all comes down to what a person wants to get out of the market, and how much pain they are able to take before folding.

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Quoting MrBullBear

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{quote} I don't thing you get what I mean. You "liked" my example yet it is still funny to you when people buy when it hits overbought? In my example, I bought in Highs,overbought, top ADR.

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Quoting Nordling00

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Something fishy is going on in the market. Almost in every pair. Price moves against fundamentals and the COT report. Although US GDP numbers came out good today and FED was hawkish in the last FOMC, price still goes against all these odds. We can see very surprising things in the coming days, maybe one of those new year crashes? Idk, but something is not right. Just my spidey senses. I don't like making up conspiracies, maybe i am the one who gets it wrong this time. Still, i will stick with my analysis. I will keep my EURUSD, AUDUSD, NZDUSD shorts...

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Quoting Nordling00

Disliked

Something fishy is going on in the market. Almost in every pair. Price moves against fundamentals and the COT report. Although US GDP numbers came out good today and FED was hawkish in the last FOMC, price still goes against all these odds. We can see very surprising things in the coming days, maybe one of those new year crashes? Idk, but something is not right. Just my spidey senses. I don't like making up conspiracies, maybe i am the one who gets it wrong this time. Still, i will stick with my analysis. I will keep my EURUSD, AUDUSD, NZDUSD shorts...

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