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  • #1,218,501
  • Sep 9, 2022 5:23am Sep 9, 2022 5:23am
Quoting DrDave
{quote} a good trader has to be alert for opportunities on a 24 hour basis. I have to wonder why you think that is a requirement for a good trader. I believe that there are plenty of "good traders" that find plenty of trading opportunities over a maximum of 12 hours of a day, and usually within a span of 6-8 hours. Personally, I rarely examine more than 6 pairs, more typically only 3, I don't trade every day and in fact, don't even look for trading opportunities every day--far from it. So, I don't see such profound alertness to trading opportunities...
Yes man... This is my take of what a good trader should do. Yours is another , more relaxed mind-frame.

  • #1,218,502
  • Sep 9, 2022 5:24am Sep 9, 2022 5:24am
Attached Image (click to enlarge)
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SL at BE+ , as shown...

  • #1,218,503
  • Sep 9, 2022 5:28am Sep 9, 2022 5:28am
Quoting F.g
{quote} Man, I was certain I should short E. at that level. I placed my SL and went to sleep . ... That simple.
Thanks for the clarification.

You have confirmed that it was indeed a good entry by expressing your CERTAINTY that a short was the correct entry. The fact that at a LATER TIME the trade did not end as you expected did not turn a good entry into a bad one. You made an entry that ended with an unexpected outcome: It makes no more sense to declare a good entry as bad because of an unexpected outcome (loss) than to declare a bad entry as good because of an unexpected outcome (win).

I think you would benefit from asking, "What went wrong?", and trying to determine if your entry criteria should be adjusted, or if this is just one of the losses that you know will occur even when you follow your system criteria.
To free Gazans of Hamas, use whatever it takes.
  • #1,218,504
  • Sep 9, 2022 5:53am Sep 9, 2022 5:53am
Quoting DrDave
{quote} Thanks for the clarification. You have confirmed that it was indeed a good entry by expressing your CERTAINTY that a short was the correct entry. The fact that at a LATER TIME the trade did not end as you expected did not turn a good entry into a bad one. You made an entry that ended with an unexpected outcome: It makes no more sense to declare a good entry as bad because of an unexpected outcome (loss) than to declare a bad entry as good because of an unexpected outcome (win). I think you would benefit from asking, "What went wrong?", and...
Man...acceptable and inevitable losses... They happen...[shit happens.............]

We have to live with them . . .

  • #1,218,505
  • Sep 9, 2022 6:04am Sep 9, 2022 6:04am
Price map says we'll be rejecting this area at 2pm
She's no wrong aye.

Week map 2 take 2
13 Hours 1.0080 2pm Fri Still rejecting this level
17 Hours 1.0035 6pm Fri Should be at the low by Dinner time
22 Hours 1.0080 10PM Fri Close Probably be back at the high by closing time
34 Hours 1.0090 8am Mon
35 Hours 1.0100 9am Mon
Founder of Sutherland Wave Principle
  • #1,218,506
  • Sep 9, 2022 6:10am Sep 9, 2022 6:10am
bulls make EURUSD TRAP ... see EURUSD will be going to 0.99571/0.99571/0.98967/0.98364/0.9776
The Average Discount Everything
  • #1,218,507
  • Sep 9, 2022 6:18am Sep 9, 2022 6:18am
Quoting hesron
bulls make EURUSD TRAP ... see EURUSD will be going to 0.99571/0.99571/0.98967/0.98364/0.9776
Move up from 9934 is not done going up we will see new high next week. This drop down is a actionary corrective wave, It's direction is down but it's only part of the bigger wave going up.

It moves down but then whole wave will swing back up. This is not a range breaker.
The moves it's making seem to want to take euro to 1.05aprx all the swings down right now want to buy for month or two.
Founder of Sutherland Wave Principle
  • #1,218,508
  • Edited 6:42am Sep 9, 2022 6:27am | Edited 6:42am
Quoting suthmo
{quote} Move up from 9934 is not done going up we will see new high next week. This drop down is a actionary corrective wave, It's direction is down but it's only part of the bigger wave going up. It moves down but then whole wave will swing back up. This is not a range breaker. The moves it's making seem to want to take euro to 1.05aprx all the swings down right now want to buy for month or two.
if price can breakdown 1.00332 then falls again like waterfall to the target ... uptrend only in below tf m30 ..... The movement of a strong and fast rise makes the bank interested in going to continue ... that is why .... i said yesterday , don't bring price going above 1.000 ... because as fundamental EURO is not ready for UPTREND .... LAGARDE SAID yesterday ......If Euro Uptrend is currently not good for economic growth ..... really dark scenario, lagarde said ...
The Average Discount Everything
  • #1,218,509
  • Sep 9, 2022 6:29am Sep 9, 2022 6:29am
I was just going to say it looks like it's going to make next support at 35 and go back up.

I closed my sell order and bought eur/usd @ 0060 our big level from start of week price map.

Almost forgot the 00666 has been a major limiting factor all week.
Founder of Sutherland Wave Principle
  • #1,218,510
  • Sep 9, 2022 6:31am Sep 9, 2022 6:31am
Quoting suthmo
{quote} Move up from 9934 is not done going up we will see new high next week. This drop down is a actionary corrective wave, It's direction is down but it's only part of the bigger wave going up. It moves down but then whole wave will swing back up. This is not a range breaker. The moves it's making seem to want to take euro to 1.05aprx all the swings down right now want to buy for month or two.
What time frame are you lookingat, 1H?
"No trade is still a trade." - Peter Borish
  • #1,218,511
  • Sep 9, 2022 6:38am Sep 9, 2022 6:38am
Break and re test of 0035/0066 resistance from all this week.
Founder of Sutherland Wave Principle
  • #1,218,512
  • Sep 9, 2022 6:42am Sep 9, 2022 6:42am
Quoting Lbrto
{quote} What time frame are you lookingat, 1H?
I'm reading the sequene the waves makes as they join each other through all time frames.
I been lookin from minute / hourly to the weekly monthly charts and everythign in between.
I'm looking at the story in all time frames and seeing where they fit goether.
Founder of Sutherland Wave Principle
  • #1,218,513
  • Edited 6:57am Sep 9, 2022 6:43am | Edited 6:57am
0060/35 has been resistance all week, now broken on the upside and we've just confirmed the break by re testing the support. Should continue up to new high.

Still in this range till dinner time?

13 Hours 1.0080 2pm Fri Resistance
17 Hours 1.0035 6pm Fri Support

I put a sell limit @ 1.032

Going to 1.032 with sudden spike and then dropping down to support on my levels?

Will be sitting on all this later at support?

22 Hours 1.0080 10PM
34 Hours 1.0090 8am Mon
35 Hours 1.0100 9am Mon
Founder of Sutherland Wave Principle
  • #1,218,514
  • Sep 9, 2022 7:02am Sep 9, 2022 7:02am
13 Hours 1.0080 2pm Fri Still rejecting this level (Done)
17 Hours 1.0035 6pm Fri Should be at the low by Dinner time (5 hours early)
Next level 35 Hours 1.0100 9am Mon Back to the top... And new high...
Lets buy this shit!
Founder of Sutherland Wave Principle
  • #1,218,515
  • Sep 9, 2022 7:28am Sep 9, 2022 7:28am
Lets be realistic it's Fri, probably going to crawl slowly back to the top of the daily range.
Dramatic Break out on Friday... Unlikely. Looks like 0035 is ruler till dinner time.
Founder of Sutherland Wave Principle
  • #1,218,516
  • Sep 9, 2022 7:32am Sep 9, 2022 7:32am
That akward moment when nobody else is talking and it's just me throwing out the co-ordinates...
Founder of Sutherland Wave Principle
  • #1,218,517
  • Sep 9, 2022 8:01am Sep 9, 2022 8:01am
. . . .Kim , press the f@@@@@@@@@@ button .... There is no hope................ press it.

  • #1,218,518
  • Sep 9, 2022 8:15am Sep 9, 2022 8:15am
Quoting suthmo
{quote} I'm reading the sequene the waves makes as they join each other through all time frames. I been lookin from minute / hourly to the weekly monthly charts and everythign in between. I'm looking at the story in all time frames and seeing where they fit goether.
Thanks!
"No trade is still a trade." - Peter Borish
  • #1,218,519
  • Sep 9, 2022 8:42am Sep 9, 2022 8:42am
Quoting F.g
. . . .Kim , press the f@@@@@@@@@@ button .... There is no hope................ press it.
The world is not ready to learn and accept what is moving the markets . --- W.D. Gann

Tell me about it haha.
I might have to borrow that, thank you.

The world is not ready to learn and accept what is moving the markets . --- W.D. Gann
But maybe you are...? Link to the wave principle....
Founder of Sutherland Wave Principle
  • #1,218,520
  • Sep 9, 2022 8:59am Sep 9, 2022 8:59am
EUR bulls falling down

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