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Theoak May 16, 2019 5:53am | Post# 1156041

{quote} Unfortunately it’s for this reason that religion and FX trading tend to attract the crazies This isn’t “seventh wave” trading... whatever that is! LOL
Well I did ask for a simple explanation yesterday about this wave theory. And you know what. I still don't have a scooby do!!

wasntme May 16, 2019 5:56am | Post# 1156042

{quote} Well I did ask for a simple explanation yesterday about this wave theory. And you know what. I still don't have a scooby do!!

save urself the brain damage that comes from trying to learn elliot wave theory

EvilEye May 16, 2019 6:03am | Post# 1156043

{quote} save urself the brain damage that comes from trying to learn elliot wave theory
You’re not going to learn much from someone with a mental illness. When you know you are dealing with crazy the best thing to do is walk away.

Elliot wave theory is BS.
have you seen the FF thread with the market maker detective indicator? That’s a useful indicator. Gives you a “broker eye” view of the market

goldencalf May 16, 2019 6:06am | Post# 1156044

now probably would the best time to buy, but is 50 50, i believe that is going up, but sometimes you need more then belief. engulfing candel from 38,2 fib, and double bottom from 23fib, looks very promising structure, specially when yesterday from 61fib was sell off

knkie May 16, 2019 6:17am | Post# 1156045

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knkie May 16, 2019 6:35am | Post# 1156046

m1 frame

buy 1.1212

ah man
exit-5

Techanalyst May 16, 2019 7:36am | Post# 1156047

Pullback up on CADCHF, something that was expected, and soon this will drop more. Will be adding shorts to it.

Techanalyst May 16, 2019 7:42am | Post# 1156048

{quote} Yea. Sometimes i just freeze up and think "oh i could of made more if i just kept trade open". Im trying to not let that feeling dictate my trades as i have lost good money following stupid ideas.
I also want it to mention watch Martin Cole on youtube. He has very good explanation about how market makers work. Trade safe.

Theoak May 16, 2019 7:45am | Post# 1156049

{quote} Well you know what Bon Jovi says " Keep the Faith"
Well Bon Jovi did not help me there loss 23 pips. My biggest problem is large spreads at night and my ego!!!! Why do we go on hard pairs to prove a point. Why don't we just stick with the low hanging fruit!!!

Leodavinci May 16, 2019 7:45am | Post# 1156050

Buy 1.1187 tp 1.1240 sl 10
I add a long one 1.1201 tp 1.1240-50

Techanalyst May 16, 2019 7:48am | Post# 1156051

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Theoak May 16, 2019 8:43am | Post# 1156052

shorting 1.1198

3Davy May 16, 2019 8:45am | Post# 1156053

shorting 1.1198
Me to short my target 1.1120.

EvilEye May 16, 2019 8:52am | Post# 1156054

{quote} Well Bon Jovi did not help me there loss 23 pips. My biggest problem is large spreads at night and my ego!!!! Why do we go on hard pairs to prove a point. Why don't we just stick with the low hanging fruit!!!
Why do you have 23 pips available for stop loss?
I mean... do you just hate your account and want it to margin out?

I have tiny stops, 3-4 pips and let them get hit if I am wrong (which sometimes happens).
Trade in a way to trade another day.

You can't build an account unless your accuracy is close to pin-point.
You can't control your emotions if you have crazy big stoplosses far from your entry and have to sit through agonizing drawdown followed by eventual margin call. Better to die from a thousand paper cuts than the one knockout blow trade that you got wrong.
...and you can't deal with crappy price ranges unless you abuse the leverage the broker gives you - which increases the your risk, but then if you have accuracy and a small stop loss you might even stand a chance.

So many things weighted against your success at this. A newbie coming to trade FX with real money is like showing up to Wimbledon centre court in a tennis match against Djokovic - with no idea how to play tennis, zero practice, and armed with a toothpick instead of a racquet. What hope have you got?

Theoak May 16, 2019 8:53am | Post# 1156055

{quote} Me to short my target 1.1120.
Mine is 1.1183. I'd like to swing trade a bit more, but not sure it would suit me!

EvilEye May 16, 2019 9:00am | Post# 1156056

If you're trying to short this now... I'm sorry to say, you missed the safe entry.
Hope you have a huge stop and want to ride through the drawdown..... er, no thanks.

Leodavinci May 16, 2019 9:06am | Post# 1156057

{quote} I add a long one 1.1201 tp 1.1240-50
Add long 1.1186 sl 1.1177 tp 1.1240-50

3Davy May 16, 2019 9:07am | Post# 1156058

{quote} Mine is 1.1183. I'd like to swing trade a bit more, but not sure it would suit me!



Yeah euro dollar is a nasty one.

Sometimes it does the opposite when there is good news,just to kill the shorters.

MrPresident May 16, 2019 9:12am | Post# 1156059

If you're trying to short this now... I'm sorry to say, you missed the safe entry. Hope you have a huge stop and want to ride through the drawdown..... er, no thanks.
It looks like the only way is down for this pair and selling rallies is profitable

a bonus is that you can collect interest on open sell orders free money

Theoak May 16, 2019 9:13am | Post# 1156060

{quote} Why do you have 23 pips available for stop loss? I mean... do you just hate your account and want it to margin out? I have tiny stops, 3-4 pips and let them get hit if I am wrong (which sometimes happens). Trade in a way to trade another day. You can't build an account unless your accuracy is close to pin-point. You can't control your emotions if you have crazy big stoplosses far from your entry and have to sit through agonizing drawdown followed by eventual margin call. Better to die from a thousand paper cuts than the one knockout blow...
If your name is Rafa Nadal then I'd say you have a very good chance! Obviously on Clay!


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