EURUSD

Waiting for price to fucking move.

I hate Mondays.

Yes, with default size I see the same.

Btw, I don't use the fxTrade charts because the 5 seconds chart and any other are updated with high delay than the quote displayed in the entry order boxes...

Highly doubt much of anything will happen until Tokyo open tomorrow, and moreso NY open tomorrow.

http://www.marketwatch.com/story/col...sed-2017-10-09

some movers late trading hours?

[quote=vdeluca;1388]Pretty shitty 100 pip profit vanished on Tuesday. Re-entered long; up 75 pips -- that vanished as well. Then entered short @ 1914. Stopped out @1944 for another 30 pip hit. I cannot afford to keep allowing profitable trades turn into losses, waiting for the 150 pip target according to the 5MFX system. From now on I am going to have to start taking profits whenever I have them. [/quote

I'm not clear on the system you are using to set up your profit taking, but the EU daily ATR hasn't been over 100 pips in my memory. An artificial target of 150 pips without knowing why the market will go there isn't realistic IMO. Perhaps I shouldn't comment without knowing --or trying--whatever system or EA this refers to, but waiting to take profits has never made much sense to me.

What I do when I have a nice pip profit--and especially if I know I am approaching a bounce point--I put my stop tight, anticipating a pull back that will take me out with a good return. Then I simply reenter a trade for the continuation of the run. It costs me under 1 pip either way but if I protect 75 or 100 pips I don't worry about extra charge. And if the pair continues to run, I haven't lost anything, merely protected a nice profit.

No one ever blew out their account by putting profits into the bank. The goal is to make money by banking pips you earned, not to seek out some system's pip goal. There are too many cases where a normal pullback can and should be anticipated at places where the Big Boys decide to take out retail traders. How much are you willing to risk that your pip goal is right?

This pair always pretty boring

Short at 1.1745. SL 1.1780. TP 1.1685

not by much but that last pop did put a new high in for the day , your stp is 20-30 pips below some nice juicy tgts on a dull day, may take a couple days to get there if it does

I'm long on EUR/USD and EUR/JPY and short on GBP/JPY...

The ECB talk seems to be pulling the Euro up, which is great for me, but somehow it is also pulling the GBP/JPY up....

Any advice?

What's the plan for EURUSD in the coming sessions? My plan is to short.

OK nvm, I have taken profits on my EU and EJ longs....holding GJ shorts at the moment.

Will be looking to sell EU soon

Which area are you looking to sell?

I've placed my first short at 1.1750.

What about you? I doubt the euro is going to rally any further.

I believe somewhere in the 1755, 45 range but I'll wait for the structure to develop a bit further.

I'm long.
border on Thursday.

Yeah its going for a long haul now. may tgt 1.2

Tomorrow, will be declared Catalonia Independence!

Be prepared for a EURUSD strong retracement and a heavy week for the markets.

I'm not forecasting. Just now, the ANC (Assamblea Nacional de Catalunya) has send info to their members to meet a rally at 18h in front of Catalan Parlament in order to protect catalan deputies from any spanish police intention of avoid Independence Declaration tomorrow at 6 PM CMT+2.

More than a 100.000 people will be attending the rally to protect the declaration.

A "short" entry will be a winner, during the NY time afeternoon.

Lots of data this week - might be worth waiting for the numbers

Well, my GBPJPY isn't going in my direction and I still have USDJPY longs that are far from BE, so I don't want to stress out my margin. Care to give your insight about GBPJPY for the next 3 hours?

Don't look at GJ often but I am long GU and bullish pound - the chart looks like a buy but JMHO