Attachments: EURUSD only

EURUSD only

#5,001
Nov 16, 2017 3:01am Nov 16, 2017 3:01am

JayBag
Joined May 2016 | Status: Clueless | 6,896 Posts

Quoting Stillearnin

Disliked

Pip gain doesn't matter and making 100% on 15 pips gain doesn't matter either. What matters is only the question 'Can you do it again tomorrow?'

Ignored

I agree with you bro....

'Consistency' you speak of

well, that's rare but it sure exist.. anything above 70% is good in my opinion

#5,002
Nov 16, 2017 3:05am Nov 16, 2017 3:05am

ZenNy
Joined Jul 2016 | Status: Trader | 3,318 Posts

Quoting mihai1986

Disliked

{quote} is your R/R ratio is not at least 2/1 is not worthy. i'll never get into a trade with tp at the same amount of pips as SL

Ignored

I agree with you..........but sometimes you have to.......because the market condition can change.......if your TP is near but is not hit and prices action is making a 3 pushes up, a fail final flag or a double top at resistance.....do not be so rigid....take your profits and if there is a strong reversal you might also reverse..

trading is simple but is simple is not easy.

#5,003
Nov 16, 2017 3:10am Nov 16, 2017 3:10am

mbrown
| Membership Revoked | Joined May 2015 | 2,903 Posts

Quoting ZenNy

Disliked

{quote} trying to gain pips in an environment not favorable can hurt you....market is not rigid and you as a trader also need to nimble..........

Ignored

Case in point. My algos just lost 18 EURUSD trades in a row this could be as high as 30 in a row. However, I know there is a 95% probability this week will be profitable so focus on your long term average return, meaning don't assess your skill level based on one trade or even one day.

#5,004
Nov 16, 2017 3:11am Nov 16, 2017 3:11am

ZenNy
Joined Jul 2016 | Status: Trader | 3,318 Posts

Quoting Stillearnin

Disliked

{quote} Zenny the next time you spot a 300 pip opportunity gain with sl 300 pips and 100% winrate do share ok? But it better be 100% win else i am going to hold you to it.

Ignored

Still

I know I am good but not that good...

trading is simple but is simple is not easy.

#5,005
Nov 16, 2017 3:12am Nov 16, 2017 3:12am

mihai1986
| Joined Sep 2017 | Status: Trader | 740 Posts

Quoting ZenNy

Disliked

{quote} I agree with you..........but sometimes you have to.......because the market condition can change.......if your TP is near but is not hit and prices action is making a 3 pushes up, a fail final flag or a double top at resistance.....do not be so rigid....take your profits and if there is a strong reversal you might also reverse..

Ignored

well yes. this is the scenario when you can see it can't get further an close it manually. it happend to me a few times. it all depends on the situation. this is more common in a range price action.
but normally, i won't say 100%, but most of the times i look for 2/1 RR ratio

MAKE IT RAIN

#5,006
Nov 16, 2017 3:13am Nov 16, 2017 3:13am

Ata-Turkoglu
Joined May 2014 | Status: Full Time Trader | 27,259 Posts

Quoting MisterSpread

Disliked

{quote} Good job on the +220 pips, that is a great result !!! What is your target for the next few days?

Ignored

Overall I am eyeing towards 1.1950 first.. maybe even 1.1977

But first want to see if 1.1777 holds..

Stay Green

Focus only on what truly matters!

#5,007
Nov 16, 2017 3:17am Nov 16, 2017 3:17am

sunilpawar
Joined Aug 2010 | Status: Trader | 1,294 Posts

Quoting Ata-Turkoglu

Disliked

{quote} Overall I am eyeing towards 1.1950 first.. maybe even 1.1977 But first want to see if 1.1777 holds.. Stay Green

Ignored

I doubt
if it has to go to 1.1950 some correction required for it to be strong. for that its consolidation range seems between 1.1650 to 1.1750.
That is my opinion... I may be wrong... Do well and advice us Old Man

The Phoenix Trader....

#5,008
Nov 16, 2017 3:18am Nov 16, 2017 3:18am

mbrown
| Membership Revoked | Joined May 2015 | 2,903 Posts

Quoting Ata-Turkoglu

Disliked

{quote} Overall I am eyeing towards 1.1950 first.. maybe even 1.1977 But first want to see if 1.1777 holds.. Stay Green

Ignored

Algos have me short...HEAVILY...even though they have a long run average accuracy of 73%...your post is making me sweat!!

#5,009
Nov 16, 2017 3:19am Nov 16, 2017 3:19am

ZenNy
Joined Jul 2016 | Status: Trader | 3,318 Posts

Quoting mihai1986

Disliked

{quote} well yes. this is the scenario when you can see it can't get further an close it manually. it happend to me a few times. it all depends on the situation. this is more common in a range price action. but normally, i won't say 100%, but most of the times i look for 2/1 RR ratio

Ignored

And that is wise......and you need to be right 50% of the times.....a couple trades a day....a bit more the better....but also one would be enough...... and with consistency, discipline and adaptability you will bring your game to great levels..

trading is simple but is simple is not easy.

#5,010
Nov 16, 2017 3:21am Nov 16, 2017 3:21am

mihai1986
| Joined Sep 2017 | Status: Trader | 740 Posts

Quoting ZenNy

Disliked

{quote} And that is wise......and you need to be right 50% of the times.....a couple trades a day....a bit more the better....but also one would be enough...... and with consistency, discipline and adaptability you will bring your game to great levels..

Ignored

I am working on that

MAKE IT RAIN

#5,011
Nov 16, 2017 3:32am Nov 16, 2017 3:32am

ZenNy
Joined Jul 2016 | Status: Trader | 3,318 Posts

Quoting mihai1986

Disliked

{quote} I am working on that

Ignored

Good for you.....remember "great traders are not born they make them self"...

trading is simple but is simple is not easy.

#5,012
Nov 16, 2017 3:37am Nov 16, 2017 3:37am

MisterSpread
| Joined Aug 2012 | Status: Trader, baker, candlestick maker! | 728 Posts

To all the weekly / monthly buyers of EURUSD, I just noticed something scary for you guys.

Fibo + Ichimoku (monthly) show strongs signs for USDX (rejected yesterday from 23.6 and also the 23.6 level correlates with the FlatTop of the Ichimoku Cloud/Kumo = strong BUYING sign for the USDX) to go to 94.80 and if that 38.2 level is surpassed and confirmed next level is 50 on Fibo which means 96.115 on USDX , translating to much lower levels for EURUSD, so be aware.

Hope my graphs will give you some hints for longer time frames and better perspective for the 3-6 month future of USD related instruments.

LE: wow, after posting I saw another major support for USDx growth on weekly, the price bounced a few days ago EXACTLY from the MA200, so even more arguments for dollar bullish.

Attached Image(s) (click to enlarge)

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Name: Weekly USDX.jpg
Size: 373 KB

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Name: Monthly USDx.jpg
Size: 307 KB

#5,013
Nov 16, 2017 3:47am Nov 16, 2017 3:47am

MisterSpread
| Joined Aug 2012 | Status: Trader, baker, candlestick maker! | 728 Posts

double post

#5,014
Nov 16, 2017 3:48am Nov 16, 2017 3:48am

MisterSpread
| Joined Aug 2012 | Status: Trader, baker, candlestick maker! | 728 Posts

Quoting Ata-Turkoglu

Disliked

{quote} Overall I am eyeing towards 1.1950 first.. maybe even 1.1977 But first want to see if 1.1777 holds.. Stay Green

Ignored

I see, did you checked my attachement from yesterday? on M15, I saw a potential movement lower from 1.179 and I was calling 1.175, so to be honest I don't think 1.177 will hold and below is one of my graphs, trying to predict why:

1. First yellow circle shows me the intersction of KijunSen with TenkanSen with direction downards.
2. I waited for this selling sign to be confirmed, meaning the price to pierce and confirm the move down in the Kumo/Cloud.
3. After the price entered the Kumo and confirmed I waited to see if it pierces the FlatBottom of the Kumo, which it did with confirmation as seen in the 2nd yellow circle.
4. https://www.forexfactory.com/attachm...4&d=1510762729 as I was saying here, my target moved to 1.175 after seeing that confirmation on M15 yesterday, and I'm still waiting to touch it today.

Attached Image (click to enlarge)

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Name: M30 - ichi.jpg
Size: 426 KB

#5,015
Nov 16, 2017 3:49am Nov 16, 2017 3:49am

Ata-Turkoglu
Joined May 2014 | Status: Full Time Trader | 27,259 Posts

Quoting sunilpawar

Disliked

{quote} I doubt if it has to go to 1.1950 some correction required for it to be strong. for that its consolidation range seems between 1.1650 to 1.1750. That is my opinion... I may be wrong... Do well and advice us Old Man

Ignored

Since yesterday we are in a correction actually.. there might not be a correction of a correction as you expect.. but if you mean a deeper level must be revisited before it goes higher I could not negate.. still a maybe..

Stay Green

Focus only on what truly matters!

#5,016
Nov 16, 2017 3:58am Nov 16, 2017 3:58am

MisterSpread
| Joined Aug 2012 | Status: Trader, baker, candlestick maker! | 728 Posts

Quoting Ata-Turkoglu

Disliked

{quote} Since yesterday we are in a correction actually.. there might not be a correction of a correction as you expect.. but if you mean a deeper level must be revisited before it goes higher I could not negate.. still a maybe.. Stay Green

Ignored

Alrighty

, that's why I love trading, because there will ALWAYS be 2 sides of the story and all the time, one of the sides will lose to the other.

For example, in my case the correction was actually the move UP for EURUSD and now my long term view has a lot of power to push towards 1.15 and 1.12 again, in your opinion today's move is a correction that will give power for future higher levels, so because of this duality in thinking of market participants all the time we will have volatility.

Good luck with your trades and green pips !

#5,017
Nov 16, 2017 3:58am Nov 16, 2017 3:58am

mbrown
| Membership Revoked | Joined May 2015 | 2,903 Posts

Okay. Maybe the CPI numbers out in 2 minutes will be enough to send it tumbling!

#5,018
Nov 16, 2017 3:58am Nov 16, 2017 3:58am

Ata-Turkoglu
Joined May 2014 | Status: Full Time Trader | 27,259 Posts

Based on M30.. I see a 1 hour window where price could jump higher: It must achieve a touch to 1.1786 inside this 1 hour to make it easy for bulls.. otherwise the bullish pa might come much later through the day or tomorrow.. Eyeing on 1.1786 during the next hour..

Stay Green

Focus only on what truly matters!