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  • #1,130,001
  • Aug 25, 2017 6:25am Aug 25, 2017 6:25am
Quoting Samson85
{quote} As you can see its going down. See it pays off when you spend a whole weekend reading up on candles!!!
I'm not trying to be arrogant, but if you started your forex business the same time you joined FF, you really don't have that much experience. I have shorted up-breakouts too, sometimes it works, but eventually it will destroy you if you are not extremely careful. I hope you all the best
Pension fund Return This Month: 2.2%
  • #1,130,002
  • Aug 25, 2017 6:25am Aug 25, 2017 6:25am
Quoting falcon72202
Excellent!! how did you come up with this trade: indicators, fundamentals? {quote}{quote}
arrow...
Attached Image
trading is simple but is simple is not easy.
  • #1,130,003
  • Aug 25, 2017 6:28am Aug 25, 2017 6:28am
Quoting falcon72202
Excellent!! how did you come up with this trade: indicators, fundamentals? {quote}{quote}
I don't use any indicators, nor I care about fundamentals or "news", I just stare at the 1 minute chart all week to figure out the range for the week and where the price might go back by the end of it(thursday-friday).
Everyone can see the chart, but only a few can actually read it.
  • #1,130,004
  • Aug 25, 2017 6:30am Aug 25, 2017 6:30am
Quoting OnlineAddict
{quote} I don't use any indicators, nor I care about fundamentals or "news", I just stare at the 1 minute chart all week to figure out the range for the week and where the price might go back by the end of it(thursday-friday).
Really? that is amazing.
I can.I will. End of story.
  • #1,130,005
  • Aug 25, 2017 6:30am Aug 25, 2017 6:30am
Quoting 5astelija
{quote} I'm not trying to be arrogant, but if you started your forex business the same time you joined FF, you really don't have that much experience. I have shorted up-breakouts too, sometimes it works, but eventually it will destroy you if you are not extremely careful. I hope you all the best

Lol.

I have a tight stop in place mate right at the top head of the candle. You need to take risk in order to make money? What is the driving the fundamental for a spike? I can only guess a hedge fund got bored and wanted to touch the resistance.

Exactly like you said it is a breakout, but this break out has hit resistance. No harm in losing £60 to make a potential £200 - £250.

I caught 90 pips yesterday across a variety of pairs and calebfx has seen the trades so ask him for a reference.
  • #1,130,006
  • Aug 25, 2017 6:32am Aug 25, 2017 6:32am
Quoting OnlineAddict
{quote} To the pip. Sometimes it feels like stealing...
Strong.
  • #1,130,007
  • Aug 25, 2017 6:40am Aug 25, 2017 6:40am
Quoting Samson85
{quote} Lol. I have a tight stop in place mate right at the top head of the candle. You need to take risk in order to make money? What is the driving the fundamental for a spike? I can only guess a hedge fund got bored and wanted to touch the resistance. Exactly like you said it is a breakout, but this break out has hit resistance. No harm in losing £60 to make a potential £200 - £250. I caught 90 pips yesterday across a variety of pairs and calebfx has seen the trades so ask him for a reference.
you've got balls men 1:3 or 1:4 risk reward ratio while standing infront of a moving train!!
100% KENYAN.
  • #1,130,008
  • Aug 25, 2017 6:40am Aug 25, 2017 6:40am
spike BO can also mean exhaustion especially at the extremes of a range or of a weak channel ......it does not necessary mean reversal.....but can travel travel enough.........

BO dangerous to fade are the one with a slow build up, gently making HH's and HL's towards the barrier (long BO)...when they break often they can travel for the rest of the session especially the BO which happen at the open session....
trading is simple but is simple is not easy.
  • #1,130,009
  • Aug 25, 2017 6:44am Aug 25, 2017 6:44am
Well if this bitch reverse from here in next few hours I will switch to USDCAD OR EURJPY. Cause in my book it's break through.
  • #1,130,010
  • Aug 25, 2017 6:46am Aug 25, 2017 6:46am
Quoting ZenNy
spike BO can also mean exhaustion especially at the extremes of a range or of a weak channel ......it does not necessary mean reversal.....but can travel travel enough......... BO dangerous to fade are the one with a slow build up, gently making HH's and HL's towards the barrier (long BO)...when they break often they can travel for the rest of the session especially the BO which happen at the open session....
I agree with you 100% but I made the trade based on resistance level and the tip of the candle. No fundamental driver as well.
  • #1,130,011
  • Aug 25, 2017 6:48am Aug 25, 2017 6:48am
Quoting denisius
Well if this bitch reverse from here in next few hours I will switch to USDCAD OR EURJPY. Cause in my book it's break through.
tell me when you want to buy ucad, been waiting, waiting and waiting to buy it ....
making money is easy in forex, losing money is even easier...
  • #1,130,012
  • Aug 25, 2017 6:50am Aug 25, 2017 6:50am
Quoting Samson85
{quote} I agree with you 100% but I made the trade based on resistance level and the tip of the candle. No fundamental driver as well.
Sam

Sorry, I was not referring to you in particular.....I read about BO and I thought I could share something........In my daily practice I am also very aware of those patterns.....they repeat themselves often and they work wonders in the right market conditions.......
trading is simple but is simple is not easy.
  • #1,130,013
  • Aug 25, 2017 6:50am Aug 25, 2017 6:50am
Quoting gugun555
{quote} tell me when you want to buy ucad, been waiting, waiting and waiting to buy it ....
USD/CAD was the only trade I flopped yesterday. The CAD is going to be in descending mode for a while as it is too strong right now with the BOC.
Also remember it is correlated with Oil and news alerts for oil have been crazy the last two weeks.

Also there is key data coming out in the next 40minutes regarding durable goods for America.
  • #1,130,014
  • Aug 25, 2017 6:54am Aug 25, 2017 6:54am
Quoting ZenNy
spike BO can also mean exhaustion especially at the extremes of a range or of a weak channel ......it does not necessary mean reversal.....but can travel travel enough......... BO dangerous to fade are the one with a slow build up, gently making HH's and HL's towards the barrier (long BO)...when they break often they can travel for the rest of the session especially the BO which happen at the open session....
so many supporting this i can easily guess how many people in this forum have open buy posisions,i guess if i had an open position i wud have agreed with you 500%.
100% KENYAN.
  • #1,130,015
  • Aug 25, 2017 6:54am Aug 25, 2017 6:54am
USD
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  • #1,130,016
  • Aug 25, 2017 6:56am Aug 25, 2017 6:56am
Quoting ZenNy
{quote} Sam Sorry, I was not referring to you in particular.....I read about BO and I thought I could share something........In my daily practice I am also very aware of those patterns.....they repeat themselves often and they work wonders in the right market conditions.......
The bank dealers trade them with almost 100% success , but have the advantage to know the volumes .
  • #1,130,017
  • Aug 25, 2017 6:59am Aug 25, 2017 6:59am
Quoting Connors
{quote} You think you are alone?? Whole week man, the moment I take a trade it moves the other way! Seriously, whoever made some decent returns from trading EUR alone this week, he/she is a brilliant trader. I reduced the lot sizes to a minimum to protect monthly gains since I have no clear view about the next direction of this crap.
Amen brother. It's good feeling that even best of us confused. I thought I lost it again. I am closing with 5.3 % negative. Unless I catch something today to even it up. Difficult week what can I say.
  • #1,130,018
  • Aug 25, 2017 7:01am Aug 25, 2017 7:01am
Be careful with the longs.
The ECB must be printing masively.
Keep up that the Eurozone drags near an "almost eurozone" zone, represented by some countries in the Eatern Europe, so the new paper is needed for them too...
"The ECB is due to decide by the autumn whether and how to extend its 2.3 trillion euros ($2.70 trillion) quantitative easing program into 2018 and President Mario Draghi has cited sluggish core inflation and wage growth as reasons to be cautious." - Reuters.
I'll shop after the drop
  • #1,130,019
  • Aug 25, 2017 7:01am Aug 25, 2017 7:01am
Quoting Connors
{quote} Still holding for 1.1868 mate? I want another dip to 1.1750 to join you
Yes bro.. I still think they have plans to leave the DAILY candle more VISIBLE It's coming C.. It's Coming...
  • #1,130,020
  • Aug 25, 2017 7:02am Aug 25, 2017 7:02am
Quoting Connors
{quote} Still holding for 1.1868 mate? I want another dip to 1.1750 to join you
With you here. May not happen.yellen scheduled for 10:00 am NY time , even FF SAYS 12:00. watch 10.

PS in normal day I would start loading longs at 18 in this condition. Very strong up overnight. Only U.K. Banks can move like that and they wouldn't risk on days like that without knowing something. I am testing my theory all week and it seems working. I will pm you so you may correct me.
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