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  • #1,090,021
  • Feb 3, 2017 9:39am Feb 3, 2017 9:39am
Quoting jusstin911
{quote} At this time, are you seriously taking a short trade here?
Nope !
Just oberving the pattern , it looks like double top to me
  • #1,090,022
  • Feb 3, 2017 9:42am Feb 3, 2017 9:42am
Quoting ruma29
As of yesterday there is new terminology, at least new for me, introduced by others: UNSKILLED TRADERS WITH MONEY. this might be answer for some today.
lol, I must have really nailed your position, loss, and emotional frustration .. I get it you are sore, I stuck my finger in your obvious gaping wound created by your inability to correctly identify proper trading setups and manage them accordingly...

Skill will come with time.. no use throwing a tantrum about ... not to many traders have traded as long as I have and are still doing it ... almost 17 years in the field where 95% fail .. I have been doing this before you even thought about doing it and will be doing it long after...

The market is a machine, a machine that exists for the sole purpose to execute volume.. if they didn't they wouldn't make any money.. and there would be no machine.. consumer action works in a process called price discovery that searches to consume volume .. its a game of chess .. me vs you .. the only difference is you understand the objective ... and I understand the objective and how to reach it because I understand the rules and the movement of the pieces.

Now take it like a man .. and go read .. then one day you'll say hell maybe I shouldn't buy highly leveraged positions directionally into a support or resistance against the overall long term trend and against the interest rate differential with a R:R of 1:1 if that using percentage based account sizing and letting your broker eat 10% of your position before you even move one point in your favor...

I try to be above inane arguments but I feel like this is a teaching moment
  • #1,090,023
  • Feb 3, 2017 9:46am Feb 3, 2017 9:46am
Quoting jusstin911
{quote} Im glad your church is now LONG.. welcome to the LONG side.. You know we have the cheese for days
I hope we can reach 1.0825 area before close... I would like to start next week already. Ever since I started forex, I hated weekends. I really find a hobby for trading and very fun. Whether its winning or losing. This week has been so horrible. Trading in range messes me up. broke even all week long and now finally able to grab couple pips.
long still open at 1.0750/1.0770 TP 1.0850 or exiting before the market closes.
Trade what you see, take what the market gives you.
  • #1,090,024
  • Feb 3, 2017 9:49am Feb 3, 2017 9:49am
Quoting Nightingales
... Im adding long by limit order {quote} Adding long Launched: Buy limit at 1.0743; SL~; TP~ New Status: Bought @1.07944; SL ~; TP 1.0870 (75.6 pips) Buy limit at 1.0743; SL~; TP~ [subject to adjustment depending on market conditions]
Buy limit order triggered but it went 31 pips beyond, miscalculated... lucky still, is positive now
New Status:

  1. Bought @1.07944; SL ~; TP 1.0870 (75.6 pips)
  2. Bought @ 1.0743; SL~; TP~

  • #1,090,025
  • Feb 3, 2017 9:53am Feb 3, 2017 9:53am
At some point next week I expect retests at 1.0750 area.. I will add to my long there (hopefully)..

I call it a day and a week while leaving my long from 1.0722 running..

Have a nice weekend folks..

Stay Green
Focus only on what truly matters!
  • #1,090,026
  • Feb 3, 2017 9:54am Feb 3, 2017 9:54am
Quoting TudorIoan
{quote} Hey folks, a round of applause for the best trader here, Not!
competing with this suggestion:
Attached Image
  • #1,090,027
  • Feb 3, 2017 9:54am Feb 3, 2017 9:54am
Quoting Ata-Turkoglu
Updated my previous plan.. made some minor changes but the big picture still fits.. (Also should answer Not-KPMG's question): I will try to stay in as much as I can.. Important: The only thing that makes me careful is the hidden divergence: We have new high on MACD but no new high on candles yet.. so I am aware of that and will close quick as soon as I see signs of bearish power kicking in. Stay Green {image}
If we get same target with different Strategy, I think this will be interesting .. Great work
  • #1,090,028
  • Edited 10:17am Feb 3, 2017 9:59am | Edited 10:17am
Quoting Plainview
Guys, I do not get it. If Non-Farm Employment Actual Change > Forecast = Good for currency than why EUR/USD is going upmen? This means you have to pay more USD for EURO - it should be the other way around. USD is getting stronger so we should pay LESS for EUR. Could you please clarify? Thank you <3
Every time guaranteed, someone pops this question after the news. Because the truth is the news is not effecting anything. And the unemployment figures are not based on reality (actual number out of work) They only represent new claims. Bozo the clown News WGN
Founder of Sutherland Wave Principle
  • #1,090,029
  • Feb 3, 2017 10:14am Feb 3, 2017 10:14am
Quoting suthmo
{quote}Every time guaranteed, someone pops this question after the news. Because the truth is the news is not effecting anything.
amen .. speeds up clearing process and adds volume that is all
  • #1,090,030
  • Feb 3, 2017 10:21am Feb 3, 2017 10:21am
sellers are again rising again 83 % people are selling EU
  • #1,090,031
  • Feb 3, 2017 10:23am Feb 3, 2017 10:23am
Quoting Plainview
Guys, I do not get it. If Non-Farm Employment Actual Change > Forecast = Good for currency than why EUR/USD is going up? This means you have to pay more USD for EURO - it should be the other way around. USD is getting stronger so we should pay LESS for EUR. Could you please clarify? Thank you <3
what about unemployment going up and wages going down?... its not just NFP...

any excuse to sell dollars and it will be done atm... i suspect we will probably see a longer uptrend in EU... despite any signals down, the retraces are so shallow
  • #1,090,032
  • Feb 3, 2017 10:25am Feb 3, 2017 10:25am
Quoting suthmo
{quote}Every time guaranteed, someone pops this question after the news. Because the truth is the news is not effecting anything. And the unemployment figures are not based on reality (actual number out of work) They only represent new claims. Bozo the clown News WGN
I kinda agree lol. I just check based on time and use my indicators to predict the movement.. those numbers are crap.. honestly if it is true everyone will be millionaire just following the economic numbers. Just because its good for usd dont mean it will be bullish for dollars.
Trade what you see, take what the market gives you.
  • #1,090,033
  • Feb 3, 2017 10:30am Feb 3, 2017 10:30am
Quoting analyst786
sellers are again rising again 83 % people are selling EU
It's quite fascinating if you ask me
  • #1,090,034
  • Edited 11:00am Feb 3, 2017 10:31am | Edited 11:00am
Quoting VuLe
{quote} I kinda agree lol. I just check based on time and use my indicators to predict the movement.. those numbers are crap.. honestly if it is true everyone will be millionaire just following the economic numbers. Just because its good for usd dont mean it will be bullish for dollars.
I tired to find my quote I've talked about this exact thing couple times in the last few weeks. How someone always surprised by the exact reverse of what would expect news to do. It's become cliche.

The move up is wearing out. It's topped or maybe one more push up I recon.
Now looks like earlier stages of the move to 0880 I've gone wave blind
Founder of Sutherland Wave Principle
  • #1,090,035
  • Feb 3, 2017 10:31am Feb 3, 2017 10:31am
sneaked a quick +10
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  • #1,090,036
  • Feb 3, 2017 10:38am Feb 3, 2017 10:38am
Quoting suthmo
{quote} I tired to find my quote I've talked about this exact thing couple times in the last few weeks. How someone always surprised by the exact reverse of what would expect news to do. It's become cliche. The move up is wearing out. It's topped or maybe one more push up I recon.
Thats why I love news, not because they affect the market but it gives me the exact time that the market will jump 50-100pip towards 1 direction. Economic news isnt always correct. Dont look at it and decide.. you have to use strategy to help map out the direction of the jump.
Trade what you see, take what the market gives you.
  • #1,090,037
  • Feb 3, 2017 10:48am Feb 3, 2017 10:48am
done for this week, I don't think there will be a pushup past 1.0800 tonight
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 20.0%
  • #1,090,038
  • Feb 3, 2017 10:53am Feb 3, 2017 10:53am
Is a "evening star" pattern forming?
Attached Image
  • #1,090,039
  • Feb 3, 2017 10:57am Feb 3, 2017 10:57am
Quoting RicardoGeek
Is a "evening star" pattern forming? {image}
TF pls?
  • #1,090,040
  • Feb 3, 2017 10:58am Feb 3, 2017 10:58am
Quoting ruma29
As of yesterday there is new terminology, at least new for me, introduced by others: UNSKILLED TRADERS WITH MONEY. this might be answer for some today.
Unskilled Trader With Money is better than Skilled Trader With No Money
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