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THE only Pattern

  • #3,001
  • Nov 3, 2017 8:54am Nov 3, 2017 8:54am
Quoting bistolis
{quote} finally got it right for 50 pip {image}
+50 pips is great, congratulation!
but the flipcoin side is the huge risk involved in this news trade.
i hope you dont trade NFP days regulary;-)
trading is like dancing, don't think and just listen to the music!
  • #3,002
  • Nov 3, 2017 9:18am Nov 3, 2017 9:18am
Quoting birdland
{quote} +50 pips is great, congratulation! but the flipcoin side is the huge risk involved in this news trade. i hope you dont trade NFP days regulary;-)
actually I trade news regularly the last 2 months. this was my first attempt at NFP/ CAD combination
  • #3,003
  • Nov 3, 2017 9:19am Nov 3, 2017 9:19am
Quoting bistolis
{quote} actually I trade news regularly the last 2 months. this was my first attempt at NFP/ CAD combination
isnt it a bit lottery trading NFP-days?
you can get 30-50 pips slippage on stops or more. even with the big ECN brokers...
trading is like dancing, don't think and just listen to the music!
  • #3,004
  • Nov 3, 2017 9:20am Nov 3, 2017 9:20am
Quoting birdland
{quote} isnt it a bit lottery trading NFP-days?
If you take a look at the chart, I sold at previous highs right before the news. actually i opened the position 8 seconds before the news live on my twitch stream

so far my broker is fine with slippage. only failed once on a spike
  • #3,005
  • Nov 3, 2017 10:17am Nov 3, 2017 10:17am
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-11-03_15h14_53.png Size: 35 KB


and there you go.. BOOM.
It's in fear when people show what they truly value.
  • #3,006
  • Nov 3, 2017 3:08pm Nov 3, 2017 3:08pm
Quoting bistolis
{quote} If you take a look at the chart, I sold at previous highs right before the news. actually i opened the position 8 seconds before the news live on my twitch stream so far my broker is fine with slippage. only failed once on a spike

Dukascopy? I have heard great things but can't use because of Dodd Frank =(

Great trade. Background was in your favor as well as fundamentals. One of the few USD pairs not to completely reverse after news. I got kicked out of my EU short and then smart money sold the snot out of it. Looks like they got their higher price shorts filled
Attached Image (click to enlarge)
Click to Enlarge Name: EU stopped out.PNG Size: 71 KB
  • #3,007
  • Nov 3, 2017 3:10pm Nov 3, 2017 3:10pm
Quoting cdb07d
{quote} Dukascopy? I have heard great things but can't use because of Dodd Frank =( Great trade. Background was in your favor as well as fundamentals. One of the few USD pairs not to completely reverse after news. I got kicked out of my EU short and then smart money sold the snot out of it. Looks like they got their higher price shorts filled {image}
Yes, you could have jumped back in right after that rejection at the high
  • #3,008
  • Nov 3, 2017 3:23pm Nov 3, 2017 3:23pm
Quoting bistolis
{quote} Yes, you could have jumped back in right after that rejection at the high
You're right I should have. I am trying to get better at timing my entries. Watching Atheer has helped a lot with that.


I was comfortable on sale with the background but I saw this on 1 min and couldn't figure out where to get back in short.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 81 KB
  • #3,009
  • Edited 5:00pm Nov 3, 2017 3:54pm | Edited 5:00pm
Not trading NY session this day............hope that all of you were doing good............have a nice weekend
atheer1
  • #3,010
  • Nov 3, 2017 4:04pm Nov 3, 2017 4:04pm
NFP came out bad for the dollar..............

Again buying into bad news..........
atheer1
  • #3,011
  • Nov 3, 2017 4:35pm Nov 3, 2017 4:35pm
Quoting cdb07d
{quote} You're right I should have. I am trying to get better at timing my entries. Watching Atheer has helped a lot with that. I was comfortable on sale with the background but I saw this on 1 min and couldn't figure out where to get back in short. {image}
rejection was confirmed 6 minutes after the release from 1.1790......1M
atheer1
  • #3,012
  • Nov 4, 2017 2:38am Nov 4, 2017 2:38am
Quoting cdb07d
{quote} You're right I should have. I am trying to get better at timing my entries. Watching Atheer has helped a lot with that. I was comfortable on sale with the background but I saw this on 1 min and couldn't figure out where to get back in short. {image}
Like atheer pointed out, there is the confirmation a few minutes after the spike up.
Take a look at 4H chart, EU was in consolidation before the news.
Attached Image (click to enlarge)
Click to Enlarge Name: Image2.jpeg Size: 203 KB


and then you have the pattern at the top of this range
you can enter after the rejection at the top or even later along the way
Attached Image (click to enlarge)
Click to Enlarge Name: Image3.jpeg Size: 169 KB
  • #3,013
  • Nov 5, 2017 4:05am Nov 5, 2017 4:05am
Quoting atheer1
{quote} rejection was confirmed 6 minutes after the release from 1.1790......1M

Quoting bistolis
{quote} Like atheer pointed out, there is the confirmation a few minutes after the spike up. Take a look at 4H chart, EU was in consolidation before the news. {image} and then you have the pattern at the top of this range you can enter after the rejection at the top or even later along the way {image}
Thank you both. That 6 minute would have been really nice.
  • #3,014
  • Nov 5, 2017 6:07pm Nov 5, 2017 6:07pm
Sell EU from 1.1620-30
Sell Gold from 1271-1272
atheer1
  • #3,015
  • Nov 6, 2017 7:28pm Nov 6, 2017 7:28pm
Buy UJ from 113.70-80 with tight stop
atheer1
  • #3,016
  • Nov 6, 2017 7:33pm Nov 6, 2017 7:33pm
Sell GU from 1.3160-70
atheer1
  • #3,017
  • Nov 6, 2017 8:00pm Nov 6, 2017 8:00pm
Quoting atheer1
Sell GU from 1.3160-70
in this one short @ 31679. asia moving so slow
  • #3,018
  • Edited 4:55am Nov 7, 2017 4:41am | Edited 4:55am
Attached Image (click to enlarge)
Click to Enlarge Name: EU2.png Size: 5 KB


From yesterday
atheer1
  • #3,019
  • Nov 7, 2017 5:02am Nov 7, 2017 5:02am
Quoting atheer1
Buy UJ from 113.70-80 with tight stop
Good call. I liked the setup on this one and jumped in. A 50pip profit taken with 15 pip S/L risk.
Return on Equity: 2017, 32.4%; 2018; 8.0%, 2019 (30Apr), 4.5%
  • #3,020
  • Nov 7, 2017 5:10am Nov 7, 2017 5:10am
Quoting Xeniz
{quote} Good call. I liked the setup on this one and jumped in. A 50pip profit taken with 15 pip S/L risk.
keep up the good work
atheer1
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