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  • #1,137,321
  • Oct 16, 2017 2:42pm Oct 16, 2017 2:42pm
Quoting MoneyFocus
I'm short at 1.18...any advice for me? Thanks.
http://thefxlounge.com/market-review...=bk-16-10-2017
  • #1,137,322
  • Oct 16, 2017 2:49pm Oct 16, 2017 2:49pm
Quoting Tradingwithw
Looking for a small gap down tomorrow, going into the week we should see the EURO continue to decline. For mid to long term the Euro is a buy, however; with the current technical outlook and Draghi comments, euro is a temporary sell. I'm currently holding a short, and looking to start buying around 1.1560, there's very strong bullish support there....a very common pattern that most of you know So far as USD goes, there is nothing to see until DECEMBER FOMC, fed rate hike is a done deal! http://www.cmegroup.com/trading/inte...n-to-fomc.html...
It wasn't a very hard call- keep an eye on it. Other than Draghi on Weds, should be a solid and calm week. Easy flows.
  • #1,137,323
  • Oct 16, 2017 2:57pm Oct 16, 2017 2:57pm
Quoting auricforecas
Short NOW, 20PIPs Scalpable!
If you dont mind me asking, what indicators do you use for scalping?
  • #1,137,324
  • Oct 16, 2017 3:20pm Oct 16, 2017 3:20pm
Personally in da bull camp...

https://forexfore.blog/
  • #1,137,325
  • Edited 3:35pm Oct 16, 2017 3:20pm | Edited 3:35pm
Quoting matthew555
{quote} If you dont mind me asking, what indicators do you use for scalping?
Well, just to determine either trade is scalpable or not, if that's what you're asking. So not for the price direction etc., just either if it is scalpable, I use very simple indicator which is spread mostly, my broker have variable spread so I get the idea what certain spread means... Basicaly I'm checking volume/liquidity and one of the best "indicators" is spread.. so the level/delta/speed of the spread or how quickly it changes (derivative or "ac/de-celeration") etc. Broker himself uses all sorts of things to determine the spread so it helps to piggy on that, also I check the liquidty/speed of the market myself from the chart... The more liquid it is, higher the speed, more in motion... the better/quicker my model works. If the market is slow then I don't scalp (unless there is a strong buildup and waiting for market to adapt it - rare), it's a pain. I also check the news, around news it is also too risky/uncertain. But I also pre-trade, so trading before scalping. So I watch how the charts fits/follow the model, the closer/faster if follows, the more confident I'm for the scalping. For example if the market "smoothly" follows 20pip signal, spread is good, liquidity strong, no heavy news/events... and the chart is already 10pip in my favor.. then I would be strongly confident to scalp the rest (10) of the pips with tight(er) leverage....
Can you afford to take that chance?
  • #1,137,326
  • Oct 16, 2017 5:15pm Oct 16, 2017 5:15pm
I agree with many that, well you just don't tell people what to do in the currency market. Say what you are doing and what positions you have what your justification is but don't embarrass yourself telling others what they need to do. Only novices do that stuff.

Anyway, I'm short positioned with the hopes it gets down to the 1.16's. See what happens.
Taigen Profit This Month: na
  • #1,137,327
  • Oct 16, 2017 5:43pm Oct 16, 2017 5:43pm
I'm out at 1.1786 waiting for next direction. Currently, it looks like crapshoot to me which direction it will go next so I'm staying out. Next trade when market breaks out and starts to trend again.
I wanna be a billionaire so freaking bad!
  • #1,137,328
  • Oct 16, 2017 5:47pm Oct 16, 2017 5:47pm
Quoting Taigen
I agree with many that, well you just don't tell people what to do in the currency market. Say what you are doing and what positions you have what your justification is but don't embarrass yourself telling others what they need to do. Only novices do that stuff. Anyway, I'm short positioned with the hopes it gets down to the 1.16's. See what happens.
Yes , good plan ,may get close ,last weeks low at 1715 and quarterly pivot at 1738,, weekly S1 1728,, so a few levels to watch on way there if it chooses to go that way,,,,,, needs a good poke thru 1771 to start the ball rolling good tho
  • #1,137,329
  • Oct 16, 2017 6:40pm Oct 16, 2017 6:40pm
Taking a half position long here at 1.1775. SL 30 pips. TP 1.1860. Good R/R ratio.
I wanna be a billionaire so freaking bad!
  • #1,137,330
  • Oct 16, 2017 6:42pm Oct 16, 2017 6:42pm
Charts I posted earlier after mkt had been open for a few hours ,,,,,,,,,, 1771 area is the 50% level of move up from the lows so could take a couple pokes to get thru it time will tell,,, quarterly pivot is a tgt for some of these if it goes that far , cheers all.
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  • #1,137,331
  • Oct 16, 2017 6:43pm Oct 16, 2017 6:43pm
Quoting Taigen
I agree with many that, well you just don't tell people what to do in the currency market. Say what you are doing and what positions you have what your justification is but don't embarrass yourself telling others what they need to do. Only novices do that stuff. Anyway, I'm short positioned with the hopes it gets down to the 1.16's. See what happens.
Hmm, seems like it either bounces before the 1.660-70 support, or it confirms the H&S with a target below 1.15. Can I ask why you think 1.16 would be the support area if we do go down?
  • #1,137,332
  • Oct 16, 2017 7:30pm Oct 16, 2017 7:30pm
Quoting 6EforMe
{quote} Hmm, seems like it either bounces before the 1.660-70 support, or it confirms the H&S with a target below 1.15. Can I ask why you think 1.16 would be the support area if we do go down?
Since I trade more long term, most of my positions reflect a trend of retracement on the daily chart. The 50 SMA (yellow) has now flatlined creeping closer the the 200 SMA (white), although uptrending, is showing signs of flatlining as well. When these crossover, I would then consider the daily chart to be in a down trend. That will take awhile. The Fibo is at 68% is around the 1.1460 range which is my long term expectation. It should also test the recent 1.167 area I hope to make about 10-12 pips in this run. If it breaks through the 1.1670 then 20 pips would be great. We'll see.
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Taigen Profit This Month: na
  • #1,137,333
  • Oct 16, 2017 8:52pm Oct 16, 2017 8:52pm
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  • #1,137,334
  • Oct 16, 2017 9:11pm Oct 16, 2017 9:11pm
Quoting PatienceFx
{image}
its worth laughing if i told you the source, no its not my account, this is not my style
  • #1,137,335
  • Oct 16, 2017 10:46pm Oct 16, 2017 10:46pm
Quoting Taigen
I agree with many that, well you just don't tell people what to do in the currency market. Say what you are doing and what positions you have what your justification is but don't embarrass yourself telling others what they need to do. Only novices do that stuff. Anyway, I'm short positioned with the hopes it gets down to the 1.16's. See what happens.
Yes, but I'm more careful with others people's money, so I wanted to be clear that while trade (was and is) ok for me, I don't want some people follow me since the confidence changed a while, for scalpability only, not the trade. But point noted. And about the embarrassment etc... That's what makes it more valuable when it is correct, I understand the exposure/embarrassment/credibility. Btw trade was a success although I changed confidence level for scalability (but not for trade)..
Can you afford to take that chance?
  • #1,137,336
  • Oct 16, 2017 10:53pm Oct 16, 2017 10:53pm
Quoting auricforecas
Short NOW, 20PIPs Scalpable!
Quoting auricforecas
{quote} I no longer consider this signal scalpable. It was for about 7PIPs but now it has been too long since - too risky to recommend scalping. Still believe price (20PIPs down since above signal posted) will be hit, consistent with the trend in my previous forecasts/posts... but I no longer consider it scalpable.
Just a short feedback. Signal was a success. I thought it would be more scalpable though, cleaner, quicker... but the trade was still good.
Can you afford to take that chance?
  • #1,137,337
  • Oct 16, 2017 10:55pm Oct 16, 2017 10:55pm
Quoting macdulio
{quote} http://thefxlounge.com/market-review...=bk-16-10-2017
Keep shorting.

Was short from yesterday.

We have some economic data today also.
  • #1,137,338
  • Oct 16, 2017 11:08pm Oct 16, 2017 11:08pm
Step by step toward a civil war...

Spain’s High Court has remanded two leaders of Catalan separatist organizations on suspicion of sedition...
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I am who I am
  • #1,137,339
  • Oct 16, 2017 11:22pm Oct 16, 2017 11:22pm
My Intraday Outlook.
(ahead London)

EUR/USD bearish.

My intraday resistance:
-1.1790 - 1.1800

My intraday support:
- 1.1768 (Weekly+Monthly - mid)
- 1.1750, 1.1730

A little halt for the bears on the Monthly_mid 1.1768 level
we might see a little bull bounce there ...if pierced, we will see a deep break.
I'm bearish anyway.

Have a good trading day, you all!
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  • #1,137,340
  • Oct 16, 2017 11:28pm Oct 16, 2017 11:28pm
Quoting TudorIoan
My Intraday Outlook. (ahead London) EUR/USD bearish. My intraday resistance: -1.1790 - 1.1800 My intraday support: - 1.1768 (Weekly+Monthly - mid) - 1.1750, 1.1730 A little halt for the bears on the Monthly_mid 1.1768 level we might see a little bull bounce there ...if pierced, we will see a deep break. I'm bearish anyway. Have a good trading day, you all! {image}
looks like it is bearish all the way.
i'm trying to trade the H1 channel and i'l see what's going on.
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