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  • #3,061
  • Oct 30, 2017 7:44am Oct 30, 2017 7:44am
Quoting denisius
My biggest difficulty in trading is to keep focus on bigger picture. I always know what to do on Sunday and I am losing it by Wednesday-Thursday.
If you trade 4hr you can use daily S/R to monitor you 4hr trading
Make all mistakes in demo and rain in pips in live account
  • #3,062
  • Oct 30, 2017 7:59am Oct 30, 2017 7:59am
Quoting 9jatrader
{quote} Having 11( eleven ) positions at a time?????
I like betting big, It's a way for me to not get hit by a big loser in any one of them.
When you see it, BET big.
  • #3,063
  • Oct 30, 2017 8:03am Oct 30, 2017 8:03am
Quoting ravenbg
None of the 2 currencies has strength at the moment, but EU is expecting some important and huge distortion in the upcoming months, Spain (Catalan) and Italy (Veneto). Both regions are generating the most of the revenue of each of the 2 countries. Veneto is trying to become autonomous since 2014, Catalan (1922 and now-a-days 2006). Obviously these two regions have very strong will to separate and become autonomous, which will hurt not only financially but also politically the countries they reside. You can imagine what could happen with the EUR...

Catalonia is already poorer that it was 2 weeks ago, since a lot of big companies are moving their fiscal address from Barcelona to Madrid.
In Italy, Veneto doesn't want to separate from the rest of the country, they want more autonomy, that's all and they are not the first but the third region as far as the gross product is concerned, almost half of Lombardia.

Don't know if price will keep on dropping before the retracement many expect, but to me both Daily (below) and Weekly charts suggest that when the retracement takes place it will enter the resistance area, so higher than 1680 or so.
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  • #3,064
  • Oct 30, 2017 8:08am Oct 30, 2017 8:08am
While trying to look for a buy opportunity on M5 any touch to 1.1595 will put bulls in jeopardy and help bears for continuation.. trade wisely.. if you open buy at lows but see weakness in climbing back above 1.1610, switch back to bearish or at least stay on sidelines for a while..

Stay Green
Focus only on what truly matters!
  • #3,065
  • Oct 30, 2017 8:16am Oct 30, 2017 8:16am
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  • #3,066
  • Oct 30, 2017 8:23am Oct 30, 2017 8:23am
Quoting Ata-Turkoglu
While trying to look for a buy opportunity on M5 any touch to 1.1595 will put bulls in jeopardy and help bears for continuation.. trade wisely.. if you open buy at lows but see weakness in climbing back above 1.1610, switch back to bearish or at least stay on sidelines for a while.. Stay Green
Its consolidating now but i still think bulls come at any time and hit all the S/L because of the all the political noise.

technically it retraced 23% and coming down and gather some momentum and hit 38%(1.1680). If it hit 1.1705 it is 50% retracement.

Lets see
  • #3,067
  • Oct 30, 2017 8:28am Oct 30, 2017 8:28am
I am reviewing the situation... (Oliver Twist). I got stuck in multiple positions in the EU and was able to close at a profit but it left me jittery. And when it finally did fall, I closed way to early. Anyway, although I have a tremendous respect for day traders and scalpers, my analysis will be generally long term, however prepping for positioning and entry it is of course, short term. Sorry for the blather but I am new to this post.

As I see it: (daily chart)
200 SMA up - So the general trend is still up
50 SMA slight down - preparing for the 200 SMA crossover (might be awhile). All the other charts have since crossed over.
Heiken Ashi Smooth candles indicating a downtrend forming.
Fibo suggest a 38.2% retrace is around 1.1400's.

It looks like there is plenty of pips to be made shorting and going long.

This is my Full Monty graph so it may seem confusing--it is.
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Taigen Profit This Month: na
  • #3,068
  • Oct 30, 2017 8:39am Oct 30, 2017 8:39am
Quoting Traderview
{quote} Its consolidating now but i still think bulls come at any time and hit all the S/L because of the all the political noise. technically it retraced 23% and coming down and gather some momentum and hit 38%(1.1680). If it hit 1.1705 it is 50% retracement. Lets see
I am noticing you often dismiss mentioning the timeframe when you talk about fib retracements.. fib retracements are glued to their respective timeframe so implement it in your future posts please..

Stay Green
Focus only on what truly matters!
  • #3,069
  • Oct 30, 2017 8:59am Oct 30, 2017 8:59am
Quoting Rennaissance
{quote} I like betting big, It's a way for me to not get hit by a big loser in any one of them.
This makes no sense my friend, or we cant understand how betting big with multiple positions shelters you from a big loss...???
Instagram - FX_ELITE_Europe | In Search of #BIG_R | Need No Small Pips
  • #3,070
  • Oct 30, 2017 9:01am Oct 30, 2017 9:01am
Wonderful

Attached Image (click to enlarge)
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Instagram - FX_ELITE_Europe | In Search of #BIG_R | Need No Small Pips
  • #3,071
  • Oct 30, 2017 9:03am Oct 30, 2017 9:03am
Quoting Ata-Turkoglu
{quote} I am noticing you often dismiss mentioning the timeframe when you talk about fib retracements.. fib retracements are glued to their respective timeframe so implement it in your future posts please.. Stay Green
4hrs buddy. I mentioned it on other posts. Sorry
  • #3,072
  • Oct 30, 2017 9:05am Oct 30, 2017 9:05am
Quoting Ata-Turkoglu
{quote} I am noticing you often dismiss mentioning the timeframe when you talk about fib retracements.. fib retracements are glued to their respective timeframe so implement it in your future posts please.. Stay Green
Hey. Just dropping by to wish you a great week ahead.
  • #3,073
  • Oct 30, 2017 9:09am Oct 30, 2017 9:09am
I hate stop loss. I always use them and I always got kicked out. I am giving up tons of profit every week in that matter. If I don't place them I am in red by the end of the day. Need to re consider my TP.
  • #3,074
  • Oct 30, 2017 9:10am Oct 30, 2017 9:10am
Quoting denisius
I hate stop loss. I always use them and I always got kicked out.
where was ur stoploss today?
  • #3,075
  • Oct 30, 2017 9:10am Oct 30, 2017 9:10am
Quoting denisius
I hate stop loss. I always use them and I always got kicked out.
Stop using them.
Taigen Profit This Month: na
  • #3,076
  • Oct 30, 2017 9:23am Oct 30, 2017 9:23am
Quoting giveachance
{quote} where was ur stoploss today?
Its on different E pair. I was talking in general.
  • #3,077
  • Oct 30, 2017 9:24am Oct 30, 2017 9:24am
Quoting Taigen
{quote} Stop using them.
I can't. I have no control over my position most of the day time
  • #3,078
  • Oct 30, 2017 9:31am Oct 30, 2017 9:31am
After a full belly dinner and no hope for my short entry soldiers I took a nap. Waking up to a set of TP target hit cool & thanks’ EU. P/s note to self: I should zzzz more
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Self discipline It is a practice
  • #3,079
  • Oct 30, 2017 9:32am Oct 30, 2017 9:32am
I am selling E broadly despite current location. If I understand fundamentals right( I think I do ) trend changed. So does investors wrapping up long positions. Give it below 15 and you will see what happens. I am aiming to 13.
  • #3,080
  • Oct 30, 2017 9:34am Oct 30, 2017 9:34am
Quoting okshop
After a full belly dinner and no hope for my short entry soldiers I took a nap. Waking up to a set of TP target hit cool & thanks’ EU. P/s note to self: I should zzzz more {image}
thanks. You my answer today.
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