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  • #82,641
  • Oct 20, 2017 8:42pm Oct 20, 2017 8:42pm
Quoting emmanuel7788
{quote} GBPAUD Week 42 Oct 16 to 20: when price hit that region 1.6720 and 1.6600, it can also bounce from there and it depends on the prevailing market condition. But mark this region 1.6720 and 1.6600 on your chart, it is a "minefield" which has not yet been cleared. it can bounce back up to 1.7000 as mentioned in my post below. We shall see what happens next week and following weeks. {quote} Position trading on the D1 chart requires lot more patience because trades can run for weeks and keeping trades open over the weekend can be very risky and...

For some reason I did not see that post,

by the looks of the weekly candle it did look like perhaps we wouldn't see a sustained push to the downside this week.

I previously just looked at the daily and h4 when I made my other post here several hours ago, but the weekly chart is adding weight to my opinion about a possible H4 bullish setup on monday, tbh ..It would not be all the surprising if on monday or tuesday the daily set it self up for a run too..

personally I think price may end up going considerably past 1.7000, ...but nothing is certain ..and I guess time will tell........

I think holding onto trades over the weekend is risky yes, on the rare occasion I have seen pairs jump 200 - 300 pips in that time, and if someone is sitting on a 30 pip stop loss, and price is like 50 pips away from that stop loss on friday, and when the market opens on sunday/monday it has jumped 250 pips ...that is going to hurt a hell of a lot [especially if multiple positions open on trades]

I think when considering whether to leave a trade open for the weekend one should consider how far price is currently from your stop loss, and also how big is your stop loss. and on high volatility pairs like gbpaud ..if price jumped 200 - 300 pips against you over the weekend would you be ok taking that loss?
  • #82,642
  • Oct 20, 2017 8:53pm Oct 20, 2017 8:53pm
Quoting emmanuel7788
AUDNZD Week 41 Oct 11 The battle rages on for control at 1.1000. Who will win eventually - the Bulls or the Bears? Time will tell, but we have Plan A and Plan B done on the weekend. If both plans fail, then we have Plan C. {image} ... resistance tested, then broken becomes support must get some attention, likewise support tested, then broken become resistance must ALSO be given more attention.

Remember this post AUDNZD Oct 11
before elections final results and what happen this week when Labour manages to get the coalition partners to form the new Government.
Long term chart technicals seldom lie. They are neither 100% either.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD Week 41 battle 11000.png Size: 57 KB


and the X-Man quiz below:

Attached Image (click to enlarge)
Click to Enlarge Name: X-Man quiz 1.png Size: 168 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,643
  • Oct 20, 2017 9:09pm Oct 20, 2017 9:09pm
Quoting emmanuel7788
{quote} Remember this post AUDNZD Oct 11 before elections final results and what happen this week when Labour manages to get the coalition partners to form the new Government. Long term chart technicals seldom lie. They are neither 100% either. {image} and the X-Man quiz below: {image}
Bounce higher than themselves or the other person?
Here's Tom with the weather.
  • #82,644
  • Oct 21, 2017 12:11am Oct 21, 2017 12:11am
Quoting OHLC
{quote} Bounce higher than themselves or the other person?
Higher than the other person.
  • #82,645
  • Oct 21, 2017 12:22am Oct 21, 2017 12:22am
Quoting catalin_eros
{quote} Higher than the other person.
In that case it's obviously B. Is this a trick question? lol I think it's about being higher than themselves, not the other person.
Here's Tom with the weather.
  • #82,646
  • Oct 21, 2017 12:48am Oct 21, 2017 12:48am
Quoting OHLC
{quote} In that case it's obviously B. Is this a trick question? lol I think it's about being higher than themselves, not the other person.
Think about it as price, not as persons. Is it still obvious that the answer is B?
  • #82,647
  • Oct 21, 2017 1:33am Oct 21, 2017 1:33am
Quoting catalin_eros
{quote} Think about it as price, not as persons. Is it still obvious that the answer is B?
I see your point that if it is price that would be bouncing, then A could have a breakout. But the picture states "who" will bounce higher (as in, a person). Interesting to think of it as price though.
Here's Tom with the weather.
  • #82,648
  • Oct 21, 2017 1:43am Oct 21, 2017 1:43am
Quoting OHLC
{quote} In that case it's obviously B. Is this a trick question? lol I think it's about being higher than themselves, not the other person.

I was thinking maybe it was a trick question too, B looks a lot smaller than A ....lmao
  • #82,649
  • Oct 21, 2017 2:11am Oct 21, 2017 2:11am
And Man A has a bigger head so there's more mass there ... he he

Of course it has to be Man B because Man A will have no momentum
Trading thin liquidity at the boundary of the charts
  • #82,650
  • Oct 21, 2017 2:13am Oct 21, 2017 2:13am
Quoting emmanuel7788
{quote} Remember this post AUDNZD Oct 11 before elections final results and what happen this week when Labour manages to get the coalition partners to form the new Government. Long term chart technicals seldom lie. They are neither 100% either. {image} and the X-Man quiz below: {image}
It is A B has no trampoline .
  • #82,651
  • Oct 21, 2017 2:22am Oct 21, 2017 2:22am
I think the right answer is man A because he can have a breakout to man B's resistance level whereas man B could have a flash crash or a dead cat bounce. That is if everything is supposed to fit in the picture.
Here's Tom with the weather.
  • #82,652
  • Oct 21, 2017 4:22am Oct 21, 2017 4:22am
Quoting catalin_eros
{quote} Think about it as price, not as persons. Is it still obvious that the answer is B?
Both would work.. thinking of a person or price.. a person better.. because we've all probably seen a person on a trampoline
It's in fear when people show what they truly value.
  • #82,653
  • Oct 21, 2017 4:41am Oct 21, 2017 4:41am
Quoting kain775
{quote} hi, A couple of questions, does this place trades manually? say I have a £5,000 account and want to risk 1% of my account on a trade with a stop loss of 35 pips on eur/usd and 1% of my account on usd/cad for 20 pips what exactly will this indicator/scripts do? edit: after looking at the images again, it appears that when you want to trade you just bring it up onto a chart and enter your risk in pips, and stop loss and it will calculate your lot size. If that is so it looks quite useful.........

You are correct, it just tells you your risk and pip size NO interference with the trade
  • #82,654
  • Oct 21, 2017 4:42am Oct 21, 2017 4:42am
I'm going with man A
Which man can jump higher. If B uses the trampoline then he isn't gaining height he could be lossing height. A can use the trampoline to gain height.
Craig
  • #82,655
  • Oct 21, 2017 5:11am Oct 21, 2017 5:11am
Quoting emmanuel7788
{quote} Plan, Build and Run one Run phase Sept completed, follow with another Build phase. Follow the market type - Monthly bullish, Wide ranging market type - buy the dips, sell the rallies. Very good trading, Well done! **** emoji not working ???? in my explorer. I think this weekend will be another maintenance by FF Admin.
Thank you buddy..
I give more weight on kind words than on the emojis..

It means a lot to me when a senior member of this forum gets this impression about my work..

Have a nice weekend
Guido
Risiko birgt immer auch die Chance.
  • #82,656
  • Oct 21, 2017 5:42am Oct 21, 2017 5:42am
Some people work hard on weekend solving X-Man quiz.

Remember Jan 15, 2015

Attached Image (click to enlarge)
Click to Enlarge Name: January 15 2015.png Size: 18 KB


how many times have we heard Rookie talk trading without Stop Loss
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,657
  • Oct 21, 2017 5:51am Oct 21, 2017 5:51am
rookie talk trading without placing hard stop loss

have you read your broker' agreement fine print after January 15, 2015?


Attached Image (click to enlarge)
Click to Enlarge Name: trading without stop loss.png Size: 295 KB


if you think margin call is safe, you better think again.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,658
  • Oct 21, 2017 8:15am Oct 21, 2017 8:15am
Quoting emmanuel7788
rookie talk trading without placing hard stop loss have you read your broker' agreement fine print after January 15, 2015? {image} if you think margin call is safe, you better think again.

Trading without a stop loss is not advisable, but it can be done

back when I was a frequent member at babypips there was this trader there with his own thread, His earnings averaged 100% - 300% per month verified by myfxbook [worst month was 50%] and he traded without stop loss, he had a 6 figure account

stop loss is something i need personally. I could not trade like that, but some people can do it.............
  • #82,659
  • Oct 21, 2017 8:27am Oct 21, 2017 8:27am
Quoting emmanuel7788
{quote} Trade Report Week 42 Oct 16 to 20 trades closed. Its the first 5 days of a new 20-trading days cycle. Still need to work hard the next 15 trading days to meet my financial objective. {image} The Trade Report indicator is in this post link below. https://www.forexfactory.com/showthr...3#post10231193 download that and use it on any chart and set the dates you want to see.
Hi, Emm!

Would you be so kind and post the GA chart with only those three short orders, please?

Thank you!
  • #82,660
  • Oct 21, 2017 10:40pm Oct 21, 2017 10:40pm
USDJPY Week 43

Its only 1230PM local time Japan 22 October 2017.

Millions of Japanese are voting today and the final results wont be known until polling closes today. Who said Abe won the elections? LOL.
Opinion polls say Abe' ruling LDP will win and I think so too. But the party will lose the majority it enjoyed for many years. There are some pressing domestic issues which still need time to resolve. The regional issue with security is on most people's minds. Those who did not benefit from his Abenomic policy are obviously not happy and they make their statement at poll today.

Lets have to look at USDJPY charts below.

MN
UJ has been sideways since Feb 2017, its MN range for the last 8 months is about 405 pips, down from the average of between 510 and 525 (12 to 36 months average traded range). Position traders should take this into consideration in trade planning and have target expectations within reach.
I will be watching closely how the next 7 days will trade until the October month closing.
Question is will OCT MN close green candle or red candle?

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Week 43 MN preview.png Size: 30 KB


W1
With last week's BUOB, its is tempting to go long for technical candlesticks traders with stop below 2 weeks low, circa 195 pips from last Friday close.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Week 43 W1 preview.png Size: 30 KB


TMS Multi-charts below.

Watching closely what happens when NY opens and if rally goes up to 114.00 and 114.50 region. I would be happy of UJ drops to 113.00 early next week.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY BPP Week 43.png Size: 69 KB


Anyway, Trade Well and trade safe with Stop Loss always.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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