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  • #1,128,281
  • Aug 16, 2017 8:18am Aug 16, 2017 8:18am
Quoting MXT
{quote} i'm itching to go short again there you go short @ 1.1696
My SL at BE at 17. If not kicked out I might will see some profit today
  • #1,128,282
  • Aug 16, 2017 8:20am Aug 16, 2017 8:20am
Quoting denisius
{quote} Wait for hour closing, if 1680 holds we will return to 1727 again.
Agree 100% on that. Let see if she holds
  • #1,128,283
  • Aug 16, 2017 8:20am Aug 16, 2017 8:20am
Quoting denisius
{quote} Wait for hour closing, if 1680 holds we will return to 1727 again.

Already got stopped out again and had to re-buy the long. I'm looking at like 1730 just to break even because of that small spike up. I was short @ 1.1712 and got stop-reversed at the peak right before it went down.

This is why I fucking hate using them. Even as an emergency backup. Anyone that says "you need stops" is a moron. They're a problem far more often than they're a safety net.
"The fun is in the hunt. Not the kill."
  • #1,128,284
  • Aug 16, 2017 8:27am Aug 16, 2017 8:27am
Quoting denisius
{quote} My SL at BE at 17. If not kicked out I might will see some profit today
well done , i just closed that small scalp short

might re-enter short again later on

i still favor the short side intraday , but we need a clear break to the downside
  • #1,128,285
  • Aug 16, 2017 8:29am Aug 16, 2017 8:29am
I do not get what most of you guys are seeing. It appears to me that the price action (yellow line) is attempting to hit the bottom channel. It only needs to go 50-70 pips before it hits the channel line. Not to offend but who in their right mind would put in a long position at this juncture? Now it may shoot straight up without hitting the channel but in my years of chart staring the price action more often than not hits the channel or gets close to it. If I wanted to go long, I would certainly wait it out.

What am I missing?
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Taigen Profit This Month: na
  • #1,128,286
  • Aug 16, 2017 8:29am Aug 16, 2017 8:29am
playing at minor limits , bear continued & set up bear playing . fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,128,287
  • Aug 16, 2017 8:33am Aug 16, 2017 8:33am
Quoting Redeflect
{quote} Already got stopped out again and had to re-buy the long. I'm looking at like 1730 just to break even because of that small spike up. I was short @ 1.1712 and got stop-reversed at the peak right before it went down. This is why I fucking hate using them. Even as an emergency backup. Anyone that says "you need stops" is a moron. They're a problem far more often than they're a safety net.
Slow down..if your stop got hit and now you're rebuying, you need to step outside and breathe man. Stop and relax. There are thousands of entries a year in the market to be had. But you can blow and account in 1 day
  • #1,128,288
  • Aug 16, 2017 8:37am Aug 16, 2017 8:37am
Quoting Venomousssss
{quote} Slow down..if your stop got hit and now you're rebuying, you need to step outside and breathe man. Stop and relax. There are thousands of entries a year in the market to be had. But you can blow and account in 1 day

My rebuying saved me some of the loss. But I'm still -40 instead of +40.

Without stops there's no reason or need to rebuy. I scalp heavy so when stupid shit like that happens I lose 20% of my account in minutes.
"The fun is in the hunt. Not the kill."
  • #1,128,289
  • Aug 16, 2017 8:38am Aug 16, 2017 8:38am
Quoting Venomousssss
{quote} Slow down..if your stop got hit and now you're rebuying, you need to step outside and breathe man. Stop and relax. There are thousands of entries a year in the market to be had. But you can blow and account in 1 day
Also. Your stops are clearly being made on a.. let me guess.. 15 min to 1 hr chart basis? That's not good enough for this potential correction or continuation market we are seeing. Need to be looking at daily and weekly levels
  • #1,128,290
  • Aug 16, 2017 8:38am Aug 16, 2017 8:38am
Quoting Catch-22
{quote} You can use Oanda's Order book, ForexFactory front page also has one. I'd say Oanda is much more reflective of the general populous. https://www.oanda.com/forex-trading/...osition-ratios Only thing I would recommend is also pay attention to the change in the % rather than the total, the longer the trend the more counter-trend trades will build up in the negative so it will tilt the results.

Thank you for passing this information off, the more information the better haha. I also use the CFTC's weekly report which is displayed in graph form at http://www.myfxbook.com/commitments-of-traders , just make sure your website browsers flash is turned on. Hahaha also a great source.

Thanks again.
Learn, a forex trader must, unlearn and relearn he will.
  • #1,128,291
  • Aug 16, 2017 8:40am Aug 16, 2017 8:40am
Quoting Venomousssss
{quote} Slow down..if your stop got hit and now you're rebuying, you need to step outside and breathe man. Stop and relax. There are thousands of entries a year in the market to be had. But you can blow and account in 1 day
Let him tilt. That's his only chance to learn.
  • #1,128,292
  • Aug 16, 2017 8:43am Aug 16, 2017 8:43am
Looks like a possible head fake. I'll try a small long at 1.1696. SL 1.1676. Risky but I love risky trades with high rewards.
I wanna be a billionaire so freaking bad!
  • #1,128,293
  • Aug 16, 2017 8:44am Aug 16, 2017 8:44am
Quoting Venomousssss
{quote} Also. Your stops are clearly being made on a.. let me guess.. 15 min to 1 hr chart basis? That's not good enough for this potential correction or continuation market we are seeing. Need to be looking at daily and weekly levels

I use 1m charts. That stop was set up for later on this afternoon when FOMC minutes come out. It just happened to clip it within .5 pips before reversing because it was just barely hidden outside the view of my chart and I forgot it was there.
"The fun is in the hunt. Not the kill."
  • #1,128,294
  • Aug 16, 2017 8:44am Aug 16, 2017 8:44am
Quoting Redeflect
{quote} My rebuying saved me some of the loss. But I'm still -40 instead of +40. Without stops there's no reason to rebuy.
And by no means am I telling you what to do with trades..what I'm really getting it is that I have a 70k account that has been floating for years from 40k..and countless 1k account that I blow up to get my hyper urges out. I have entered larger positions on my 1k accounts than I have on my 70k several times and even sometimes in the opposite direction lol.. it fits my personality oddly enough. But I keep my primary funds safe . GL trading !
  • #1,128,295
  • Aug 16, 2017 8:45am Aug 16, 2017 8:45am
Quoting Venomousssss
{quote} Also. Your stops are clearly being made on a.. let me guess.. 15 min to 1 hr chart basis? That's not good enough for this potential correction or continuation market we are seeing. Need to be looking at daily and weekly levels
A good piece of advice! Keep it up mate.

Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #1,128,296
  • Aug 16, 2017 8:48am Aug 16, 2017 8:48am
The south is really calling.
100% KENYAN.
  • #1,128,297
  • Aug 16, 2017 9:31am Aug 16, 2017 9:31am
eur frozen till 2 pm NY time
  • #1,128,298
  • Aug 16, 2017 9:39am Aug 16, 2017 9:39am
Another rise on low volume...a retest of 1.068x is again expected
COT: The precious data ignored
  • #1,128,299
  • Aug 16, 2017 9:46am Aug 16, 2017 9:46am
Quoting kuroro001
Another rise on low volume...a retest of 1.068x is again expected
which volume are you watching ?
  • #1,128,300
  • Aug 16, 2017 9:47am Aug 16, 2017 9:47am
Quoting MXT
{quote} which volume are you watching ?
Tick one is good enough to give me a strong idea of what the market is doing
COT: The precious data ignored
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