EURUSD

i remember trying to catch a similar setup may 2014... was shorting .3940 got s/o and didn't try it again...

Does anyone know something about the SPIKE in BP , from 1.28 00 to 28. 62. . . . . ???

[Quote = sakisf; 10020034] Se Dragqueen non riesce a spostarlo al ribasso e vicino al di sotto 1175, quindi UE sta probabilmente andando a testare 1260-1270 entro questa settimana. Se si riesce a chiudere sopra di loro con chiusura giornaliera, quindi 1.13 sta arrivando alla fine. Hai bisogno di un po 'di buon senso da Trascinare per tenerla a galla. {Image} [/ quote]



Good job !

Not sure but there was 1 weird spike on GU just now? maybe stop hunt

It seems 4rx was right..., at least for the time being...

Best regards. Jos

Potential Cypher on Daily

1.1472 area (roughly) is trigger level for potential Cypher pattern that could push price down to fib 38.2 or 61.8 (including attempt for a Gap Close)

But no rush.. just keep this in the back of your heads..

Important: 1.1340 is the first level where Cypher could trigger a sell off, but so far it didn't. 1.1472 is the highest level that could still trigger a sell off (fib 88.6%). Any daily close above this highest level would cancel the pattern.

Stay Green

My critic was that 1.1144 was resistance not support.. and it was resistance at that time.. and he agreed with me based on the situation.. please go back and read the whole thing to see my point at that time.. nothing related with today..

Stay Green

End of Q2. Low liquidity. Fucking bastards got me caught in same shit on EU few months back. Nothing related.

Spiked up and back down 30 pips in two minutes, my Buy EA went off And in two minutes find a new order -22 BASTID also ate my free margin for the euro short, might have beat euro to the turning point about to go full bear? Gold turning down euro faltering within pips of possible Elliott reversal. Was that a top spike..

GREAT SCOTT!

is this gonna spoil my day?

I've overcome my nemesis gold now have a whole new and exciting ways of blowing up with Expert Advisor rogue robots un planned trading. Now I can drain an account twice as fast with half the effort.

maybe even today? :O

It just opens orders at set intervals automatically opens and closes trades by distance moved that's all.
It's purely for packing as many orders as possible into a given range, it'll probably end up more trouble than it's worth but I'm still investigating the possibilities. They're all the rage now I guess. If you find the right set up it just harvest pips all day long by itself.. Apparently?

Pip Mining Rig

If I knew a thousand pip run is coming, I'd set it to open a euro order ever 90 pips (covers margin per order) and go out fishing.

This spike in BP must be significant sign of a Long Term top in place. They got rid of all shorts...
I am short and without SL till now... Perhaps I should point one at 1. 28 65 .

It was a most interesting day today . Have a good rest crew . You fought a battle

Everything it gives, in the end.. it takes away.
The second my account starts running positive it's time to swing back around
The markets primary function appears to be 'undoing'
It spends a month erasing every step it made previously and a few minutes of the month touching new prices?
And you get 2 minutes to see how you feel about that price before it undoes.

I seriously hoped that you will rebound today, too long has your account been in deep red, and today you executed many good trades today, so it seemed that day is today.

Nevermind, keep fighting. I know you will win ultimately.

You're so nice in the way that you only focus on trading and never engage into pointless arguing here which is rare to see.

All the best,
Diana

I am almost certain that 90% of the traders lost a bunch of money last two weeks, maybe their entire account. Many of them pretend they didn't and post as if they were positioned for the massive move today but it is not true.

A few things I would like to suggest if I may:

- If you had a bad streak last few weeks, do not go into the phase of revenge trading. That will be the last nail on the coffin.

- The market surely is offering a number of opportunities at these levels, plan ahead and try to recover your losses with generating more pips which means reduce the leverage and focus on making more pips than usual. Last week, there were days with 25-30 pips DR, it will change after today's move now.

- Levels that you have on your chart means so little if the trade set up is not there. What is a trade setup?

Hitting a new level > Rejection > Second attempt to the same level > Lower high/Higher low or rejection close to the previous high/low

I suggest checking member Maxdoom's old posts, unfortunately he is not posting anymore but he is known for his extra ordinary success with this type of trading, I personally learned a lot from him.

- Don't rush to fund your account until you recover mentally. Over confidence is bad however having little confidence will force you to take trade decisions either too early or too late.

- Remember this is the final week of Q2 after a busy calendar in the last three months - remember how many things have happened. Various banks/parties have different objectives and targets. Especially be very careful on Friday option cut time. All sorts of crazy shit happens on the quarterly expiration days.

See:

https://www.theocc.com/components/do...s/xcal2017.pdf

- If you are hurt real bad, take the rest of the week off or at least just watch and try to understand price action. You may learn much more while you are not actually in a trade.

Just please do not spam the thread, I notice the amount of noise has been reached to maximum levels lately and it puts many senior traders off and they dont want to participate the discussions if there are any at all on the thread.

Good luck everyone.

If it retraces at all - imo it retraced already to 1.1330 no need to go much further down - it can touch 1.1270-60. Upside 1.1435-50 is looming. Unless month/quarter end flow has more surprises, like fully undoing today's race.

Forgive me but I honestly can't believe some of you were shorting, really? I advised was it on Monday or last Friday to trade what you actually see and not what you feel, the market does show his hand, learn to catch it, it takes time but you can actually buy cheap and sell high 7 out of 10 times.

Anyways green pips to all, I hope today was a valuable forex lesson to all, even those who milked green pips.

Thanks Diana. Every day for six weeks make money and it's dissapear 38 times now reversed 1177 1277 1177 1277... Every day look at chart full of pips and then disappear.. In the end need to come soon lol thank you.

I gained +80 points in ten minutes in gold today and watch for hours and hours as it turn into 10 pips. Same every morning wake up to big gains and spend the entire day watching it melt back to nothing.
GBP +50 points in 2 minutes and then gone. Never happen.

I'm venting.

Six weeks flip flop doom!

wow... what a move.....lesson learned.

In hindsight best was to enter soon after the BO, yes with a wide SL around 1185 (about 50-60 pips).

Yes in hindsight....which is not trading......but one has to go back every day to see where one can improve....