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EURUSD

  • #1,133,661
  • Sep 13, 2017 4:37pm Sep 13, 2017 4:37pm
Getting closer to the target. Let's see if the news provide.
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  • #1,133,662
  • Edited 4:53pm Sep 13, 2017 4:43pm | Edited 4:53pm
Quoting bluesoul
{quote} we had a breakout of Median line. We are short 18 pips of its day range, Daily 200 MA is just there with its expected range day high. Final test is 110.95 lets watch
she broke the wedge but found support at the average which offered a good DBBF set up.......i have a resistance Tline now.........still I feel is too early to short....only me
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trading is simple but is simple is not easy.
  • #1,133,663
  • Sep 13, 2017 4:56pm Sep 13, 2017 4:56pm
these costs seem very expensive...

0.04 lot on EU long, Swap is -6.50... Gross profit is £32.10 and net is £23.48...

it looks like this atm...
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  • #1,133,664
  • Sep 13, 2017 5:16pm Sep 13, 2017 5:16pm
Wasn't at the desk this afternoon, but here's 5 scalps that could've been taken with at least 3 of 5 winners. 1 of them is subjective and could have been either small loss or BE or small win. Aim for 5 pips and maybe 5+ if in direction of trend.

Price came right down to some orders left on the table from Sept 5. in the 1.1875 area. There is another small pocket of orders that could fill at 1.1850 from Sept. 1.
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  • #1,133,665
  • Sep 13, 2017 5:24pm Sep 13, 2017 5:24pm
Quoting hilmy83
{quote} ..pass and go..and drift... {image} https://www.youtube.com/watch?v=PqXwslCcPws
I got Percocet
  • #1,133,666
  • Sep 13, 2017 5:35pm Sep 13, 2017 5:35pm
Quoting Genimi
Million euro question . How do you fight your greed ? This thing its killing me ..
Its diffulct. I compare everything to my day job. I divided every trade to pieces. How much is enough for me to make per day/week/months to live without changing my life style. Then I am entering market with that mindset, when my target reached ( which is relatively small per day) I am locking it in, if market keeps moving towards my direction I move my SL by few pips. And I sleep well when it's closed. Next day same procedure. Anything that I made over target goes in to potential loss for next trade. It's annoying but it's preservation strategy. Not every day I meet my target not even every week. set realistic goals and you will be fine.
  • #1,133,667
  • Edited Sep 14, 2017 3:25am Sep 13, 2017 6:01pm | Edited Sep 14, 2017 3:25am
Quoting ZenNy
well that was a strong move down.....no way I was expecting it..... well done for the bears......
Like a theif in the night damn, it just loves 1.18777
If your azz was a bear u m ight be in heaven

Like 7 deadly sins, seven H1 candles
Price action so cold, sub zero couldn't handle
Founder of Sutherland Wave Principle
  • #1,133,668
  • Sep 13, 2017 6:09pm Sep 13, 2017 6:09pm
Quoting denisius
{quote} Its diffulct. I compare everything to my day job. I divided every trade to pieces. How much is enough for me to make per day/week/months to live without changing my life style. Then I am entering market with that mindset, when my target reached ( which is relatively small per day) I am locking it in, if market keeps moving towards my direction I move my SL by few pips. And I sleep well when it's closed. Next day same procedure. Anything that I made over target goes in to potential loss for next trade. It's annoying but it's preservation...
So true. I was trading futures and many days easily making a full days wage or double in a matter of 30 minutes to 2 hours. But massive greed problems so end up giving it back and ultimately blew the account or the majority of it. Now back on forex for now until I get my discipline and greed in check. It's all about capital preservation for sure. Who cares if you make $2k today if you lose $4k tomorrow and get in big drawdowns that destroy your account. Live to trade another day. It's just like police officers, when they leave home everyday to go to work, their number 1 goal is to make it home safely to their family that night. Nothing else matters if they don't make it home safe. Same thing in trading. Nothing matters if you burn your capital and can't stay in the game. That should be the number 1 goal each day is to safely get in and out of the market without losing your teeth!
  • #1,133,669
  • Sep 13, 2017 6:16pm Sep 13, 2017 6:16pm
Quoting ZenNy
well that was a strong move down.....no way I was expecting it..... well done for the bears......
Daily Ascending Wedge - We had a false break earlier in the week which allowed bulls a shot at moving higher within the wedge. They really didn't do much of anything overnight and Bears grabbed the horns for the 2nd half of the day. As soon as we broke 1.1940 (where the new trend line was re-drawn due to the false break) we plummeted.

I've got my eyes on sells today...any upside I believe should be limited under 1.1925 if the bears know what's good for them

I don't think EU is starting a long term trend, this is more of a correction to the 1.17 area before it probably resumes the uptrend or consolidation. That's too far ahead to tell right now though.

Cheers
  • #1,133,670
  • Sep 13, 2017 6:39pm Sep 13, 2017 6:39pm
Quoting Not-KPMG
{quote} Wonderful chart.!! Welcome here ivananic!
Thank you!
  • #1,133,671
  • Sep 13, 2017 6:53pm Sep 13, 2017 6:53pm
Quoting Don96
these costs seem very expensive... 0.04 lot on EU long, Swap is -6.50... Gross profit is £32.10 and net is £23.48... it looks like this atm... {image}
Its not 0.04 lots, its 0.4.

Ctrader shows net after deduction of swap and commissions.
Holy Grail - Patience and Acceptance
  • #1,133,672
  • Sep 13, 2017 7:12pm Sep 13, 2017 7:12pm
Quoting Synabear
{quote} Daily Ascending Wedge - We had a false break earlier in the week which allowed bulls a shot at moving higher within the wedge. They really didn't do much of anything overnight and Bears grabbed the horns for the 2nd half of the day. As soon as we broke 1.1940 (where the new trend line was re-drawn due to the false break) we plummeted. I've got my eyes on sells today...any upside I believe should be limited under 1.1925 if the bears know what's good for them I don't think EU is starting a long term trend, this...
interesting post...do you have chart if you do not mind...
trading is simple but is simple is not easy.
  • #1,133,673
  • Sep 13, 2017 7:14pm Sep 13, 2017 7:14pm
Inserted Video
  • #1,133,674
  • Sep 13, 2017 7:16pm Sep 13, 2017 7:16pm
i can be wrong
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  • #1,133,675
  • Sep 13, 2017 7:17pm Sep 13, 2017 7:17pm
Quoting suthmo
{quote} Like a theif in the night damn, it just loves 1.18777 If your azz was a bear u m ight be in heaven Like 7 deadly sins seven h1 candles Price action so cold sub zero couldn't handle
Su

we might be looking for the completion of the second leg down with a possible target of 1830......me thinking...
trading is simple but is simple is not easy.
  • #1,133,676
  • Sep 13, 2017 7:25pm Sep 13, 2017 7:25pm
Quoting Don96
these costs seem very expensive... 0.04 lot on EU long, Swap is -6.50... Gross profit is £32.10 and net is £23.48... it looks like this atm... {image}
I agree with bluesoul that those profits indicate you have 4 minis not 4 micros. To me it does seem expensive and if you are concerned it might be worth tracking swap more closely. Some things I've noticed about my broker (IG) are that swap on std contract is different to that on a mini eg in AUD from recent EU longs it was 96c per mini on a standard, 116c per mini on a mini (both per day). I believe it differs because of different admin charge between standard and mini. I have also noticed that Thursday morning (Aussie time) - so now, is normally triple funding day (arbitrary charge for weekend) and can even be quadruple when there is a public holiday so you may have similar. I won't know until I get home and get time to do my nightly routine what I've been charged today for my EU longs in another 9-11 hours. Note that triple funding doesn't necessarily equate to triple the base due to the suspected admin percentage eg on 'triple' funding day I've seen my EU shorts go from +45c per mini per normal day to +$2 per mini (triple funding day) and also seen EJ shorts go from -30c per mini (norm) to -26c per mini (triple), & AU shorts from -27c (norm) to -65c (triple). Why do I call it triple funding day then? Because my statement shows it as 3 days swap.

Disclaimer I'm predominantly short EU (and have been for too long) but have some long hedges that I've taken on this drop. Took first at 1.1988, next at 1.194, 3rd at 1.188 and managed to close the first at 1.199 after the trip to 1.1926. I expect 1.182 to 1.184 will provide strong short term support and at least some up move.
Edit - I have no idea yet whether this drop is pullback or reversal so plan for both.
Hope for the best, prepare for the worst.
  • #1,133,677
  • Sep 13, 2017 7:27pm Sep 13, 2017 7:27pm
Quoting PatienceFx
i can be wrong {image}
and geppy
  • #1,133,678
  • Sep 13, 2017 7:31pm Sep 13, 2017 7:31pm
cable has potential to drop on h4 and daily, resulting in EG action sending EU higher
  • #1,133,679
  • Sep 13, 2017 8:45pm Sep 13, 2017 8:45pm
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,133,680
  • Sep 13, 2017 8:48pm Sep 13, 2017 8:48pm
starting to look like 1.181
Its all just one persons opinion
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