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  • #1,136,441
  • Oct 3, 2017 4:41pm Oct 3, 2017 4:41pm
Quoting Dalchow
{quote} to 1174 ?? that's only 3 pips ... hardly a trade ... target for short would be 1172 at least just my thinking
I'm not greedy, even 10 pips for one day is good when risking the right amount. Done trading for the day. See you guys tomorrow.
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Here's Tom with the weather.
  • #1,136,442
  • Oct 3, 2017 5:30pm Oct 3, 2017 5:30pm
Quoting aa4fx
{quote} I am now hedging you on usdjpy, sell @ 112.86 ... I won't buy it now. Fine, I sold eurgbp @ 0.8873, you can buy it (=close sell) if it feels better. My lev on usdjpy is 10:1 and on eurgbp is 12:1
out eurgbp @ 0.8869

Quoting aa4fx
sold @ 1.1748 because I don't want to wait for a possible 1.1770 where it will have to decide up or down.
out @ 1.1738

I had to make a little room to sell us30 and dax ... I missed the opening.
  • #1,136,443
  • Oct 3, 2017 5:35pm Oct 3, 2017 5:35pm
Quoting OHLC
{quote} Seem like the vigorous push up has ended. Looks to be a volatile range between 1737 and 1773. I'm biased short, hope I have a good place to short from to about 1740.
yes the wedge or 3 pushes up have ended it.....now we might have 3 pushes down.......38 can be support....if that is the case a second leg up around 1.1810 is expected.....otherwise I see support just above 1.17...lets see
trading is simple but is simple is not easy.
  • #1,136,444
  • Oct 3, 2017 5:49pm Oct 3, 2017 5:49pm
Quoting OHLC
{quote} I'm not greedy, even 10 pips for one day is good when risking the right amount. Done trading for the day. See you guys tomorrow. {image}
Hiya - how much do you risk for 10 pips
In detegere possumus omnes mortui sunt
  • #1,136,445
  • Oct 3, 2017 5:56pm Oct 3, 2017 5:56pm
Quoting aa4fx
{quote} I am now hedging you on usdjpy, sell @ 112.86 ... I won't buy it now. Fine, I sold eurgbp @ 0.8873, you can buy it (=close sell) if it feels better. My lev on usdjpy is 10:1 and on eurgbp is 12:1
out from usdjpy @ 112.82 ... I got a few coins out of it.

great timing on eurusd, I might sell it again @ 1.1758(63)
  • #1,136,446
  • Oct 3, 2017 7:02pm Oct 3, 2017 7:02pm
Quoting Gamod
{quote} Hiya - how much do you risk for 10 pips
Almost always about 2% but not more, sometimes as low as 0.5% depending on the level of confidence with risk to reward of about 1:1.
Here's Tom with the weather.
  • #1,136,447
  • Oct 3, 2017 7:04pm Oct 3, 2017 7:04pm
Could easily go up to 1.8 now?
  • #1,136,448
  • Oct 3, 2017 7:29pm Oct 3, 2017 7:29pm
Just a few pips above weekly piv is the 71.4% - 1.1824. If taken by 20+ pips, no shorts for me since it will penetrate the top of the channel and most likely break it targeting 1.2430s. If it fails, 1.1490s is in the game.
  • #1,136,449
  • Oct 3, 2017 7:48pm Oct 3, 2017 7:48pm
Quoting Onizuka
{quote} What about D1, RSI ? I don't see any divergences. What periods do you use for RSI ? (....)
i hope you got your answer
  • #1,136,450
  • Oct 3, 2017 9:37pm Oct 3, 2017 9:37pm
this wis on 30 min time frame.. just hit R1 also
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  • #1,136,451
  • Oct 3, 2017 9:52pm Oct 3, 2017 9:52pm
Quoting sakisf
{quote} You have to manually delete old ones, go to Chart>Objects>Objects List>List all and start deleting objects listed as event type.
I deleted them all but it came back up again in couple hours.
uncheck the enable events already!
Dont know why!
  • #1,136,452
  • Oct 3, 2017 11:09pm Oct 3, 2017 11:09pm
Head and Shoulders forming folks,

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  • #1,136,453
  • Oct 3, 2017 11:13pm Oct 3, 2017 11:13pm
Quoting Redeflect
{quote} Oh thank god it's over. I can finally trade again. That was both excruciatingly painful, horrendously lucky, and certainly not worth it. Lessons were learned. But I did manage to get out of it with a small profit at 1.17728.
Glad you lived to fight another day and that you acknowledge the luck and lessons learned. Would you care to share what lessons you learned?

I only have a partial view but from where I'm sitting you aren't trading but gambling. My guess would be you are trading too large a position size for your capital and it leads to stress. You either need to have stops or plan for much bigger price moves. I get plenty of trades wrong but have planned for them. Eg my oldest open short on EU is at 1.1435. I not only held it all the way to 1.2093 but added to it with my last addition at 1.206 (unfortunately latter held not anywhere near long enough but I followed my plan to reduce exposure on moves in my favour and wait for reversal. Have we got a full reversal yet? I don't know, only time will tell, but my dollar cost averaging approach allows me to add shorts if it goes back up and reduce them if price goes down. My goal - to always be in a better position when price revisits a recent point of minimum distance 50 pips.

Good luck and don't be afraid to take a break to fully digest what went wrong and what you will do in future.
Hope for the best, prepare for the worst.
  • #1,136,454
  • Oct 4, 2017 12:50am Oct 4, 2017 12:50am
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  • #1,136,455
  • Oct 4, 2017 2:06am Oct 4, 2017 2:06am
making a ground to buy or just a bounce to 1870 ok , if not 1950 easily before tl & or bo if next decision.Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,136,456
  • Oct 4, 2017 2:19am Oct 4, 2017 2:19am
Quoting auricforecas
Well ok, let me be clear. You can be pretty sure if you place order now (as soon as your broker opens - after reducing weekend spread)... TP 1.182... you will get at least few pips, depends on your broker(s spread)... We have pretty much had UPTREND for the whole year right? So what does change mean? If it is UP now? It means DOWN! Yes, DOWN... As for market for coming week... it depends on the buildup that occurred durring the weekend... I would be confident to SHORT from middle of the week onwards.. But would see if it will go to 190 first.......
It didn't open/pass 1.182 this week so far, let alone 190... But the DOWN (SHORT) info seems to be ok. I would wait for this week for possible retracement but starting next week.. I would be confident to SHORT for the rest of the 2017. Will review after, maybe.
Can you afford to take that chance?
  • #1,136,457
  • Oct 4, 2017 2:29am Oct 4, 2017 2:29am
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  • #1,136,458
  • Oct 4, 2017 2:30am Oct 4, 2017 2:30am
So any of you guys have any questions? Otherwise see you next year. I have made 3month forecast so we'll have to wait now.

P.S. Not saying you should (just) short and wait but I'm saying if you operate with some (harvest) strategy etc... and you SHORT and not over-leverage etc...
and if this info is correct, then it means that you can be confident your price will eventually hit (TP) since SHORT or DOWN is where the safetynet is for TP, at least for the remaining of the year 2017, lets say right till 29DEC, then we must relax Beginning of 2018 I might post another info, depends if this one rolls out ok. I'm not (so) uncertain about the trend for the rest of the year. DOWN, SHORT, SLIDE.
Can you afford to take that chance?
  • #1,136,459
  • Oct 4, 2017 2:57am Oct 4, 2017 2:57am
And yes, I would much appreciate slow decay... much nicer to trade than turbulences.. at least for me..
Can you afford to take that chance?
  • #1,136,460
  • Oct 4, 2017 3:13am Oct 4, 2017 3:13am
Quoting TudorIoan
{quote} Holding my 1731 unfortunate short lol I really thought 1730 will hold, but it looks like I was wrong GL, Jon!
I exited that short on breakeven at the end of the US trading session. But looking to short again at a higher place.
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