added a sell limit at last week low
{quote} Wa-alaikumsalam dear HumbleLearner.. Well, there is no such "best" thing in the world.. the only best is God, right? and therefore everything else is subjective or relative.. That being said, I downgraded traders into 4 types: The Hummingbird: This type of trader can sit or better said, is addicted to sit in front of charts for hours or even days.. he wants to see quick results.. he must take profit as quick as it gets.. even in his personal life he eats quick.. he doesn't like to chew much and rolls big chunks of food down his throat just...
I have started trading just 3 years ago started with stocks but later realised its got its own limitations especially of time then did R & D on may stuff but later on decided to trade forex that to only EUR/USD pair luckly found your thread . I have read several book but the concept of using time frames was never clear but after reading you post my logic of time frame is Crystal Clear the way in which you have explained the logic of timeframe & types of traders & their Psycology is truly AMAZING .
May you & your Family always be happy & always grow by leaps & bounds in Health , Wealth & Happiness . May Almighty Make all your Dreams come true its my DUA from the bottom of my heart 
i also watch " resurrection ertuğrul (diriliş ertuğrul) " all the series on youtube . Just saying Warm Regards & Thanks a Ton
- #3,924
- Nov 7, 2017 8:15am Nov 7, 2017 8:15am
- Joined May 2014 | Status: Full Time Trader | 27,131 Posts | Online Now
{quote} Dear Ata-Turkoglu , I have started trading just 3 years ago started with stocks but later realised its got its own limitations especially of time then did R & D on may stuff but later on decided to trade forex that to only EUR/USD pair luckly found your thread . I have read several book but the concept of using time frames was never clear but after reading you post my logic of time frame is Crystal Clear the way in which you have explained the logic of timeframe & types of traders & their Psycology is truly AMAZING .
P.S.: Lol.. yes I watch diriliş-ertuğrul from time to time..
Stay Green
Focus only on what truly matters!
- #3,925
- Nov 7, 2017 8:18am Nov 7, 2017 8:18am
- Joined May 2014 | Status: Full Time Trader | 27,131 Posts | Online Now
Focus only on what truly matters!
- #3,927
- Nov 7, 2017 8:52am Nov 7, 2017 8:52am
- Joined May 2014 | Status: Full Time Trader | 27,131 Posts | Online Now
Focus only on what truly matters!
- #3,932
- Nov 7, 2017 9:28am Nov 7, 2017 9:28am
- Joined Oct 2017 | Status: Follow the Order Flow! | 1,073 Posts
Instagram - FX_ELITE_Europe | In Search of #BIG_R | Need No Small Pips
Houston.....the bears have a problem....
I was looking for this exact buy over 8 weeks ago and even said so again 2 weeks ago.....the bounce there is a large bull that could provide new highs above 1.20. Because of this I've closed my shorts and am currently in the green with a long. I do have several pending shorts in my TE in strategic locations...all before the fact as usual....
if you got in at 1.1560 you'd have only risked 5 pips for hundreds or thousands......you'd have a chance to be break even right now....but I'll go break even after 100 pips....I'll let it go as low as 1456 but should be hedged with shorts just in case, that way if I do suffer a 100 pip draw down I'll have a short +100 or more to make up for it
Good luck friends, be cautious! The 1.1560 bull is a monthly trade of which the trend is bullish....so expect it to take awhile to unfold
I was looking for this exact buy over 8 weeks ago and even said so again 2 weeks ago.....the bounce there is a large bull that could provide new highs above 1.20. Because of this I've closed my shorts and am currently in the green with a long. I do have several pending shorts in my TE in strategic locations...all before the fact as usual....
if you got in at 1.1560 you'd have only risked 5 pips for hundreds or thousands......you'd have a chance to be break even right now....but I'll go break even after 100 pips....I'll let it go as low as 1456 but should be hedged with shorts just in case, that way if I do suffer a 100 pip draw down I'll have a short +100 or more to make up for it
Good luck friends, be cautious! The 1.1560 bull is a monthly trade of which the trend is bullish....so expect it to take awhile to unfold
- #3,934
- Edited 10:16am Nov 7, 2017 9:34am | Edited 10:16am
- Joined May 2015 | Status: Trader | 1,148 Posts
Still bearish until 1.163x.
Time zone to time zone, no reversal sign yet, not until friday or next week?
So plan is still to sell.
Plan for tomorrow.
Short limit levels @ 1573x /1586x/ 1603x.
S/L @ 1632x
MAP @ 1528x
T/P @ 1428x
If we get more downside tomorrow we could complete corrective wave C for maybe a reversal in intermediate trend?
Time zone to time zone, no reversal sign yet, not until friday or next week?
So plan is still to sell.
Plan for tomorrow.
Short limit levels @ 1573x /1586x/ 1603x.
S/L @ 1632x
MAP @ 1528x
T/P @ 1428x
If we get more downside tomorrow we could complete corrective wave C for maybe a reversal in intermediate trend?
What's that smell? ---- I smell money!
- #3,938
- Nov 7, 2017 9:56am Nov 7, 2017 9:56am
- Joined May 2014 | Status: Full Time Trader | 27,131 Posts | Online Now
Focus only on what truly matters!
- #3,940
- Nov 7, 2017 10:19am Nov 7, 2017 10:19am
- Joined Mar 2017 | Status: Impeccable | 2,829 Posts
{quote} Wa-alaikumsalam dear HumbleLearner.. Well, there is no such "best" thing in the world.. the only best is God, right? and therefore everything else is subjective or relative.. That being said, I downgraded traders into 4 types: The Hummingbird: This type of trader can sit or better said, is addicted to sit in front of charts for hours or even days.. he wants to see quick results.. he must take profit as quick as it gets.. even in his personal life he eats quick.. he doesn't like to chew much and rolls big chunks of food down his throat just...
Self discipline It is a practice