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  • #1,121,821
  • Jul 6, 2017 4:08pm Jul 6, 2017 4:08pm
Quoting kmic14
This week will reach 1.16-1.162 And the formation of this weeek i expect to be a Shooting Star or a Hammer. Or i.m totally rong ) {image}

Is Forming a Hammer!?
  • #1,121,822
  • Jul 6, 2017 4:13pm Jul 6, 2017 4:13pm
What a nice move up.......Not any idea it would happen......

I hope you guys read it better than I did.
trading is simple but is simple is not easy.
  • #1,121,823
  • Jul 6, 2017 4:13pm Jul 6, 2017 4:13pm
Quoting Takisd
{quote} i just started a long, for a swing ~200 pips.
10/4 confirming my thoughts..
  • #1,121,824
  • Jul 6, 2017 4:17pm Jul 6, 2017 4:17pm
$JY Long now @ 113.22 SL 113.02
  • #1,121,825
  • Jul 6, 2017 4:18pm Jul 6, 2017 4:18pm
Quoting swing 123
{quote} Nope you are still in as long as 1423 holds. GL
your trade will become further safe below 1406.

but due to this move up the down move is
limited as any down will become abc from 1450.
Basically a short term retracement to around 1300.
  • #1,121,826
  • Jul 6, 2017 4:23pm Jul 6, 2017 4:23pm
SL on longs E. now at 114.17
  • #1,121,827
  • Jul 6, 2017 4:25pm Jul 6, 2017 4:25pm
ill join you on that long, looks like a good entry
  • #1,121,828
  • Jul 6, 2017 4:26pm Jul 6, 2017 4:26pm
Quoting ZenNy
What a nice move up.......Not any idea it would happen...... I hope you guys read it better than I did.
I tried all morning to make sense out of it......I also was temped to short it at one point but I did not......I guess not taking any trade is a trade itself....

Can you guys have an explanation of what have cause this move?
trading is simple but is simple is not easy.
  • #1,121,829
  • Jul 6, 2017 4:28pm Jul 6, 2017 4:28pm
Quoting ZenNy
{quote} I tried all morning to make sense out of it......I also was temped to short it at one point but I did not......I guess not taking any trade is a trade itself.... Can you guys have an explanation of what have cause this move?
setting up a break for 1.145 tmr? no idea tho
  • #1,121,830
  • Jul 6, 2017 4:32pm Jul 6, 2017 4:32pm
Quoting Takisd
{quote} Super bad man. What am I ever going to do? Maybe I'll move to germany, I hear they have a good social system for the unemployed, no income poor people like me.
Mate, do you speak German language.....? Will you take me with you , cause I also don't make a dime in FX.....

Thanks in advance .



  • #1,121,831
  • Jul 6, 2017 4:33pm Jul 6, 2017 4:33pm
Quoting Venomousssss
lookin for a second opinion on USD/CAD direction over the next day before NFP
90 min before NFP is going to be hold the first Trump-Putin meeting, so better to not trade USD.

And a significant gap is also possible over the weekend after the G20 meeting...
I am who I am
  • #1,121,832
  • Jul 6, 2017 4:33pm Jul 6, 2017 4:33pm
They really do want to clean out all of these shorts!
  • #1,121,833
  • Jul 6, 2017 4:36pm Jul 6, 2017 4:36pm
Quoting F.g
$JY Long now @ 113.22 SL 113.02
In my opinion, it should be bearish to 112.60
  • #1,121,834
  • Edited 4:54pm Jul 6, 2017 4:39pm | Edited 4:54pm
Daily

Clearly a bull....

lines in the wedge/channel perfectly respected........there is that down trendline where probably Ken went short, can offer further resistance but the momentum of the pullbacks compared to the legs up indicates the opposite.....
Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 18 KB
trading is simple but is simple is not easy.
  • #1,121,835
  • Jul 6, 2017 4:56pm Jul 6, 2017 4:56pm
[quote=Taki "If it behaves like this for an extended period of time retail FX will die"
The funniest post so far today
Let me rephrase it, more like your account would die if it continues this way.
Many lose few make
  • #1,121,836
  • Jul 6, 2017 5:00pm Jul 6, 2017 5:00pm
Quoting Connors
{quote} Dont want to intervene and please read my post just as a side note and not an advice or a recommendation. I see the possibility of your position ending in profit not likely. You sound like you are overleveraged - I am making an assumption here ,can be wrong - and you believe you have no chance other than wait and hope with the entire exposure. This actually is not true. Please ask yourrself the following questions: - What was your target when you took the initial short trade? - Why did you add additional short positions? Was that an exit...
Thank you for your post.
As far as overleveraging the answer is no. I also always keep a safe margin at least 300%. When it comes to adding more short positions, I guess I just got carried away thinking that the EUR was being overpriced and that it has to retrace sooner or later. I still believe that it will retrace within next few days of trading. How do I know? Just a feeling based on recent historical data. I strongly do not believe it will go past 1.1430
As far as what I would do if I thought it was going another 30-40 pips, I guess I would hedge 30-40% of my shorts.
Enter Signature
  • #1,121,837
  • Jul 6, 2017 5:03pm Jul 6, 2017 5:03pm
Quoting Suj
I agree too.. the big boys have literally taken over
Intelligent playing over ignorance.
  • #1,121,838
  • Jul 6, 2017 5:06pm Jul 6, 2017 5:06pm
Quoting hilmy83
{quote} thanks this account will hit +300k by end of september...wanna bet?
I sure hope so! I'm not a subscriber but it's always nice to see someone succeed. Your history is pretty up and down, though. How come?
  • #1,121,839
  • Jul 6, 2017 5:11pm Jul 6, 2017 5:11pm
Quoting ZenNy
Daily Clearly a bull.... lines in the wedge/channel perfectly respected........there is that down trendline where probably Ken went short, can offer further resistance but the momentum of the pullbacks compared to the legs up indicates the opposite..... {image}
60m

The down channel a bull flag, made a few HL's before the break and a further tap on the up trendline, could have been enough signs having the protective stop below the double bottom bull flag.....

Yes I know all in hindsight but every day we need to go back and study a bit more....there is always some more...
Attached Image (click to enlarge)
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trading is simple but is simple is not easy.
  • #1,121,840
  • Jul 6, 2017 5:12pm Jul 6, 2017 5:12pm
Game plan for tomorrow. If price is sitting close to the NOT FAKE position (~1.1470) prior to news just forget about nfp, it won't matter unless it's 230++.
Attached Image (click to enlarge)
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