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  • #1,090,061
  • Feb 3, 2017 12:17pm Feb 3, 2017 12:17pm
Quoting yanitsa
{quote} You do not need neither start nor end , just decent part of the midle .
How would you know the middle is not the end? The longer you hold the position for the trend to unfold, the higher the risk of exposure to the unexpected like flash crashes, 911 terrorist attack, etc...
  • #1,090,062
  • Edited 12:36pm Feb 3, 2017 12:22pm | Edited 12:36pm
Quoting yanitsa
{quote} You do not need neither start nor end , just decent part of the midle .
Somewhat agree.
Finding the start is hard....and frustrating.

Middle and end - easier
My chart for next week. Updated!

Head and shoulders???

GL.
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Beware of robber banks (RB), bad advisors.
  • #1,090,063
  • Edited 12:43pm Feb 3, 2017 12:27pm | Edited 12:43pm
Quoting onedollarsir
Im astounded by the counter-intuitive move,....
the upbeat nfp data.
Â
Why would the euro gain more strength in this instance?....
Â
. So what kind of strategy should I use to tackle these kind of situations?
Â
Hi.
Sorry.
But who says NFP data is positive??
Â
As to the 2nd question - wait, look around, ask questions. We try to help each other.
Wait for retrace.Â
Â
1.0800 is almost certain... I think.
Keep shorts too!!!
Beware of robber banks (RB), bad advisors.
  • #1,090,064
  • Feb 3, 2017 12:46pm Feb 3, 2017 12:46pm
Some upward movement now!
  • #1,090,065
  • Feb 3, 2017 12:49pm Feb 3, 2017 12:49pm
Quoting onedollarsir
Im astounded by the counter-intuitive move, which is yet to finish up for the week. I lost money because I took a trade honoring the upbeat nfp data. Why would the euro gain more strength in this instance? Apparently I have to let price guide and not look at the data. On the other hand I think its clear that the news release was the catalyst for the move so that its effects are apparent but reverse and which would refute the above statement on indifference of news. That led me to speculate that perhaps the positive nfp was broadly expected because...
I believe it was because, whilst more jobs were created, average wages went down.
  • #1,090,066
  • Feb 3, 2017 12:49pm Feb 3, 2017 12:49pm
Quoting suthmo
{quote}I've mastered the projection game, and in seven years I've never seen news break price out of an existing wave structure.
Thank you for your insight Suthmo. In your opinion - being a complete novice I would like to know is it possible to win at this game with only an average IQ?

I have aspirations for this because in my most innerself im a hedonist and seek shortcut to abundant sex and convenient lifestyle. But im unsure if those motives are enough to propel me resolutely. Then again perhaps im just feeling melancholic because I took a loss before.
  • #1,090,067
  • Feb 3, 2017 12:56pm Feb 3, 2017 12:56pm
Quoting SnaveForex
she starts her free fall now there is no reasonable blockage until 1.064x. All that NFP crap BS clear stop hunt let see what they last hours will play out
haha Jokes on you.. better get a LONG going on
  • #1,090,068
  • Feb 3, 2017 1:10pm Feb 3, 2017 1:10pm
Anyone holding LONGs over the weekend ??
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  • #1,090,069
  • Feb 3, 2017 1:13pm Feb 3, 2017 1:13pm
Quoting eCOBB22
Anyone holding LONGs over the weekend ?? {image}
I have been Holding LONGS.. So this weekend is not an exception to my new ones... I know Trump will tweet something to give us a nice GAP
  • #1,090,070
  • Feb 3, 2017 1:52pm Feb 3, 2017 1:52pm
Seems like we closing above that DAILY TL... Something about that LINE
  • #1,090,071
  • Feb 3, 2017 1:57pm Feb 3, 2017 1:57pm
Quoting eCOBB22
Anyone holding LONGs over the weekend ?? {image}
Im unsatisfy... holding my longs... didnt see that 1.0830 or 1.0850... I did say I close manually but I decide to hold them
Trade what you see, take what the market gives you.
  • #1,090,072
  • Feb 3, 2017 2:16pm Feb 3, 2017 2:16pm
Hi Everyone,

I have followed this forum for quite a while, but never posted, so firstly thank you all for your valuable contributions to my trades over the past few years.

EURUSD is in a very interesting place... so I wonder, despite all the obvious "Trumping" that's effecting things, I'm personally more concerned about the EU elections that are coming up and associated scandals, but I haven't seen that mentioned (I may have missed it). Does anyone else share the concern? I also note that Elliot Wave suggests a five wave move down from the 1.0830/50 area, which we've pretty much hit yesterday, I get the short term long situation... and the contrarian indication that most people are short thus RB's will move the market opposite to take out all the stops to help them on their way. Maybe I get too hung up on stuff that doesn't matter, but hey I'm an emotional guy!

Thoughts?

Thanks in advance
  • #1,090,073
  • Edited 2:55pm Feb 3, 2017 2:35pm | Edited 2:55pm
New target acquired for next couple months weeks before the big drop.
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  • #1,090,074
  • Edited 2:59pm Feb 3, 2017 2:40pm | Edited 2:59pm
Quoting onedollarsir
{quote} Thank you for your insight Suthmo. In your opinion - being a complete novice I would like to know is it possible to win at this game with only an average IQ? I have aspirations for this because in my most innerself im a hedonist and seek shortcut to abundant sex and convenient lifestyle. But im unsure if those motives are enough to propel me resolutely. Then again perhaps im just feeling melancholic because I took a loss before.
Before I started into the heavy research, I was making consistent profits with this super simple system: 123 Method It is totally possible yes. In the days before digital trading it would cost an investor 50k in losses and many years in to learn the market. Today with the digital demo accounts the losses can be virtual.

As a beginner you MUST make a journal of EVERY THOUGHT action, mistake, success. The way we learn the market is through a long series of errors, documenting them and overcome the urge to repeat them. I had barely any knowledge when started with the 123 method in 2010 and got to making regular profits with that.

Don't get discouraged by mistakes, journal every one, they will be your greatest lessons. Try to remove emotion. Don't try to get ahead to quickly. Don't trade from frustration. Take breaks. I feel a book coming on haha.

Money management, keep trade sizes small, and you can be wrong 10 times and 1 good trade will make back the losses. The key is sticking to the rules that keep us safe. The challenge is to overcome yourself.
Founder of Sutherland Wave Principle
  • #1,090,075
  • Feb 3, 2017 5:55pm Feb 3, 2017 5:55pm
Traded the NFP for +92 pips....
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  • #1,090,076
  • Feb 3, 2017 8:11pm Feb 3, 2017 8:11pm
Quoting suthmo
{quote} Before I started into the heavy research, I was making consistent profits with this super simple system: 123 Method It is totally possible yes. In the days before digital trading, it would cost an investor 50k in losses and many years in to learn the market. Today with the digital demo accounts the losses can be virtual. As a beginner, you MUST make a journal of EVERY THOUGHT action, mistake, success. The way we learn the market is through a long series of errors,...

Great grammar; but the "trading" is not a science.
  • #1,090,077
  • Feb 3, 2017 8:17pm Feb 3, 2017 8:17pm
Cant sleep, world being rocked, reading The Wave Principle. This is heavy doc.
Founder of Sutherland Wave Principle
  • #1,090,078
  • Feb 3, 2017 8:56pm Feb 3, 2017 8:56pm
Quoting whateveridon
{quote} Great grammar; but the "trading" is not a science.
Say "trading is not a science," again. I double dare you!
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Founder of Sutherland Wave Principle
  • #1,090,079
  • Feb 3, 2017 11:26pm Feb 3, 2017 11:26pm
Quoting suthmo
{quote}Say "trading is not a science," again. I double dare you! {image}
lol Suthmo!

Who is the best and honest broker for Indian Region? Any help is appreciated here.

Thanks
  • #1,090,080
  • Feb 4, 2017 12:12am Feb 4, 2017 12:12am
Quoting sakisf
New target acquired for next couple months weeks before the big drop. {image}
I agree with that .
Watch for ''Trump Efect '' fading signals .
With the first one being........

http://www.telegraph.co.uk/news/2017...le-dodd-frank/

At some point market might realise that Mr Trump cannot decide everything by himself !
....then we could see the bottom once again
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