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  • #1,118,141
  • Edited 2:58am Jun 21, 2017 2:46am | Edited 2:58am
Quoting yanitsa
{quote} Not at all . Have a look at crude , classic fake signal candle IMO . 1h chart !
About CAD
1. This week no major US data... more zig-zag and mess on euro ....maybe random on politics, eventually
2. That's why today everybody is waiting for the Inventories !
That's why traders anticipate increasing the oil demand (because stocks bigger: -1.7M => -1.2M)...so CADstronger, CAD shouldn't be sold against the USD!!!
(see FF forecast on Oil Inventories)
...so possible fake on CAD
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  • #1,118,142
  • Jun 21, 2017 2:56am Jun 21, 2017 2:56am
Quoting fx17
I came across this video. https://www.youtube.com/watch?v=j5PYredaIHo He says 1:2 risk reward is not good. People who teachs it can not be real traders. I would like to know your opinion regarding this. I hope majority of you are here are real traders no matter whether you have lost your money or gained profits. Really apreciate your true opinion Good luck all!!
its nonsense, i dont know what he was trying to say in the video

let your losers run and they will turn into winners? yeah try to do that and tell me what happens

he is actually telling you to lose your money slowly, instead of losing it fast
When life gives you lemons, make lemonade
  • #1,118,143
  • Jun 21, 2017 2:59am Jun 21, 2017 2:59am
Quoting Beli
{quote} In my country we say:Never run for a women or a bus,allways come another
Good one
I Heard that Russia has higher Men:Women ratio. So plenty of buses will come.
  • #1,118,144
  • Jun 21, 2017 3:02am Jun 21, 2017 3:02am
Quoting micho
{quote} its nonsense, i dont know what he was trying to say in the video let your losers run and they will turn into winners? yeah try to do that and tell me what happens he is actually telling you to lose your money slowly, instead of losing it fast
Thanks mate
  • #1,118,145
  • Jun 21, 2017 3:07am Jun 21, 2017 3:07am
I have been looking at this on Daily. I think it has farther down to go 1.102 because 1.105 has been used already so push down to 1.102 to me would not be a surprise. maybe I am way out but stranger things have happened.
  • #1,118,146
  • Jun 21, 2017 3:08am Jun 21, 2017 3:08am
Quoting micho
{quote} its nonsense, i dont know what he was trying to say in the video let your losers run and they will turn into winners? yeah try to do that and tell me what happens he is actually telling you to lose your money slowly, instead of losing it fast
He probably meant to not cut every trade that goes in some dd (death my million cuts) but use a reasonable stop and don't fear if it goes negative. That's why 1:1 is better. Don't think he meant not to use stops and let a neg run forever, at least the other advice is good.
  • #1,118,147
  • Jun 21, 2017 3:16am Jun 21, 2017 3:16am
This is a really good one I came across:
Inserted Video
  • #1,118,148
  • Jun 21, 2017 3:25am Jun 21, 2017 3:25am
Quoting sakisf
{quote} He probably meant to not cut every trade that goes in some dd (death my million cuts) but use a reasonable stop and don't fear if it goes negative. That's why 1:1 is better. Don't think he meant not to use stops and let a neg run forever, at least the other advice is good.
Thank you mate. May be around 1:1 to 1:2 depend on the situations
  • #1,118,149
  • Jun 21, 2017 3:30am Jun 21, 2017 3:30am
Quoting TudorIoan
{quote} About CAD 1. This week no major US data... more zig-zag and mess on euro ....maybe random on politics, eventually 2. That's why today everybody is waiting for the Inventories ! That's why traders anticipate increasing the oil demand (because stocks bigger: -1.7M => -1.2M)...so CADstronger, CAD shouldn't be sold against the USD!!! (see FF forecast on Oil Inventories) ...so possible fake on CAD {image}
Agree 100% .
  • #1,118,150
  • Jun 21, 2017 3:31am Jun 21, 2017 3:31am
Quoting yanitsa
{quote} Agree 100% .

So you agree the data today regarding oil will move the CAD?
  • #1,118,151
  • Jun 21, 2017 3:38am Jun 21, 2017 3:38am
Quoting fx17
I came across this video. https://www.youtube.com/watch?v=j5PYredaIHo He says 1:2 risk reward is not good. People who teachs it can not be real traders. I would like to know your opinion regarding this. I hope majority of you are here are real traders no matter whether you have lost your money or gained profits. Really apreciate your true opinion Good luck all!!
Take the good with the bad and mutate it Lol
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Self discipline It is a practice
  • #1,118,152
  • Jun 21, 2017 3:38am Jun 21, 2017 3:38am
Quoting TudorIoan
{quote} Very nice combined analysis (techs + fundies). Thank you. ...but as i said above, ...we can sell or buy having strong arguments on both [edit: ...these days] {quote} Agree ...1.11397
a possible fail final flag......
trading is simple but is simple is not easy.
  • #1,118,153
  • Jun 21, 2017 3:53am Jun 21, 2017 3:53am
Quoting fx17
I came across this video. https://www.youtube.com/watch?v=j5PYredaIHo He says 1:2 risk reward is not good. People who teachs it can not be real traders. I would like to know your opinion regarding this. I hope majority of you are here are real traders no matter whether you have lost your money or gained profits. Really apreciate your true opinion Good luck all!!

Hi fx17!
Good stuff there. However, I think the storry of success/disaster of every trader is personal to the highest possible degree. Whether you will succeed or not depends on so meny things mate and certainly one of them (but not necessarely the most important) is your knowledge. It even depends on whether you drink your coffee with or without sugar and on how often do you visit your WC... LOL
Ok joke aside. You may plan your trade and trade your plan in so many different ways. And even if your strategy and plan are perfect for the current situation, it all can be ruined or boosted by a single random breaking news coming out of the blue, which can most certainly make or break your day.

So my advice is: Take it as it comes and trade what you see. Unforseen situations will most certainly occur all the time and we have to be prepared to meet then. That's why my best advice to you is : do not overload your account with too many and too heavy positions with too small gap between them. Just be patient. Patience is something every trader should have. What goes up, must come down and vice versa.

Good luck
Cheers
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,118,154
  • Jun 21, 2017 3:54am Jun 21, 2017 3:54am
Quoting Jonstaples
{quote} Pullback to "my" resistance zone (1.1212 down to 1.1197), retested and it seems way down we go , looming again for the 1.1110 handle. {image}
Almost there (1.1110) but it seems to be losing the downward momentum.

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  • #1,118,155
  • Jun 21, 2017 4:03am Jun 21, 2017 4:03am
Quoting Jonstaples
{quote} Almost there (1.1110) but it seems to be losing the downward momentum. {image}
Hi Jonstaples,
So what is likely to happen now? In what scenario you expect EURUSD will touch 1.1110 level?
  • #1,118,156
  • Jun 21, 2017 4:04am Jun 21, 2017 4:04am
Quoting okshop
{quote} It needs more fuel for continuation so expect a slight retrace upwards 15+- range till Frankfurt. London might move a little but definitely after New York some action. (drive safe my friend) {image}
PA Playing Chicken (game in which two drivers drive towards each other on a collision course: one must swerve, or both may die in the crash) it is getting its fuel. lol
Self discipline It is a practice
  • #1,118,157
  • Jun 21, 2017 4:07am Jun 21, 2017 4:07am
Quoting okshop
{quote} PA Playing Chicken (game in which two drivers drive towards each other on a collision course: one must swerve, or both may die in the crash) it is getting its fuel. lol


Actually true
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,118,158
  • Edited 4:23am Jun 21, 2017 4:09am | Edited 4:23am
Quoting NotAtrader
{quote} Hi fx17! Good stuff there. However, I think the storry of success/disaster of every trader is personal to the highest possible degree. Whether you will succeed or not depends on so meny things mate and certainly one of them (but not necessarely the most important) is your knowledge. It even depends on whether you drink your coffee with or without sugar and on how often do you visit your WC... LOL Ok joke aside. You may plan your trade and trade your plan in so many different ways. And even if your strategy and plan are perfect for the current...
Trading these days was so simple:
Toss the coin and apply RR 1:2, ...you can't lose
(Croatian Kuna recommended, they have a bear on tails... (ok, the marten - kinda weasel - on the other side hardly looks like a bull) lol
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  • #1,118,159
  • Jun 21, 2017 4:09am Jun 21, 2017 4:09am
short eurusd at 1.1145
  • #1,118,160
  • Jun 21, 2017 4:12am Jun 21, 2017 4:12am
Quoting jusstin911
Rejection expected at 1.114
Could this send it to 1.102? hmmm
well, let's see coz as per normal, I am always wrong
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