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EURUSD only

  • #5,541
  • Nov 21, 2017 7:20am Nov 21, 2017 7:20am
Quoting Sarrastro
eu long 1.1715 sl 5
exit 1.1740, profit 25 pips - risk 5
  • #5,542
  • Nov 21, 2017 7:22am Nov 21, 2017 7:22am
Quoting Sarrastro
{quote} exit 1.1740, profit 25 pips - risk 5
We're starting trend why exit?
  • #5,543
  • Nov 21, 2017 7:27am Nov 21, 2017 7:27am
Quoting eCOBB22
{quote} We're starting trend why exit?
1.1740 resistance and I am using 15 lots so enough for today. My big trade from 1.15x is still running as well.
  • #5,544
  • Nov 21, 2017 7:39am Nov 21, 2017 7:39am
Quoting Sarrastro
{quote} 1.1740 resistance and I am using 15 lots so enough for today. My big trade from 1.15x is still running as well.
Excellent wish you much success
  • #5,545
  • Nov 21, 2017 8:04am Nov 21, 2017 8:04am
4 hr just finished as bullish doji - eu should go up
  • #5,546
  • Nov 21, 2017 8:13am Nov 21, 2017 8:13am
any opinions on tomorrows FOMC minutes?
MAKE IT RAIN
  • #5,547
  • Nov 21, 2017 8:38am Nov 21, 2017 8:38am
Quoting mihai1986
any opinions on tomorrows FOMC minutes?
Not much because most of the action would be finished before it release. Might take SL and i dont think it will alter the direction. Other US data expected to be good or moderate.

Remember tomorrow is the last day of the week in US. Thanksgiving.

I think it will create a range of 30 pips 4hr candle and it's going to revolve around for the rest of the week.
  • #5,548
  • Nov 21, 2017 8:41am Nov 21, 2017 8:41am
Quoting Traderview
{quote} Not much because most of the action would be finished before it release. Might take SL and i dont think it will alter the direction. Other US data expected to be good or moderate. Remember tomorrow is the last day of the week in US. Thanksgiving. I think it will create a range of 30 pips 4hr candle and it's going to revolve around for the rest of the week.
i know thursday is bank holiday, but is friday closed as well?
MAKE IT RAIN
  • #5,549
  • Nov 21, 2017 10:16am Nov 21, 2017 10:16am
I reaffirm my position that as long as this pair closes below 1.1756, I remain bearish.
  • #5,550
  • Nov 21, 2017 10:42am Nov 21, 2017 10:42am
Daily Outlook and Sweetspots for Wednesday (Update)

  1. The large range is between: 1.1772 and 1.1693 for tomorrow..
  2. The mini range on low volatility hours during Asian session will probably between: 1.1755 (nearest resistance) and 1.1706 (nearest support)
  3. As long as price stays below 1.1772 and together with resistance from 1.1808 roughly, bearish retracement channel will be valid..
  4. As long as price stays below 1.1755 bears can have a chance to push price lower to retest 1.1693 area.

Have a great evening folks.. see you on Frankfurt open..

Stay Green

Attached Image (click to enlarge)
Click to Enlarge Name: EU-Daily-Sweetspots-Analysis.png Size: 64 KB
Focus only on what truly matters!
  • #5,551
  • Edited 12:13pm Nov 21, 2017 11:34am | Edited 12:13pm
Hi everyone,

Looks like we entered our zone to load up on longs, so I did place 2 orders.

7350 (limit) and 755x (stop)
S/L @ 665x (70PIP)
T/P on FE100.0 @ 935x (180PIP)
MAP on FE61.8 @ 855x

Drawing the upward channel we are at the max range to take a long.

Attached Image (click to enlarge)
Click to Enlarge Name: Long Plan.png Size: 156 KB


We are in a bullish flag pattern at the 50.0 fib

MACD is signaling entry, also on EMA 5 / SMA 8.
No downward confirmation on EMA 5 / SMA 8 on daily yet, so I will take this long.
Attached Image (click to enlarge)
Click to Enlarge Name: Timing.png Size: 126 KB


On our short plan, the TL for entry's got broken, that bothers me a bit.
The deeper it falls in the blue zone the higher the chances this isn't a new impulse wave and eventually we will get more downside.
Attached Image (click to enlarge)
Click to Enlarge Name: Short Plan.png Size: 175 KB


Looking at the daily candle this signals end of down momentum
but
I'm still not convinced we are in a new impulse wave (a breaking of 860x would confirm), but EW count says no so this could be a minor upmove.
Attached Image (click to enlarge)
Click to Enlarge Name: EW outlook.png Size: 121 KB
What's that smell? ---- I smell money!
  • #5,552
  • Nov 21, 2017 12:55pm Nov 21, 2017 12:55pm
I hope 1.173 doesn't get breached
Quoting SteFX85
Hi everyone, Looks like we entered our zone to load up on longs, so I did place 2 orders. 7350 (limit) and 755x (stop) S/L @ 665x (70PIP) T/P on FE100.0 @ 935x (180PIP) MAP on FE61.8 @ 855x Drawing the upward channel we are at the max range to take a long. {image} We are in a bullish flag pattern at the 50.0 fib MACD is signaling entry, also on EMA 5 / SMA 8. No downward confirmation on EMA 5 / SMA 8 on daily yet, so I will take this long. {image} On our short plan, the TL for entry's got broken, that bothers me a bit. The deeper it falls in the...
  • #5,553
  • Nov 21, 2017 3:19pm Nov 21, 2017 3:19pm
Quoting Tradingwithw
By the way, at the next touch of the current low I'm pulling some more profits...it was supposed to happen automatically but the tp missed by a pip (1.1713)
Pulled some profits today for another +3%

Also- as I said before, Yellen = non event. 2/4 forecasts finished for the week. FOMC tomorrow..... and Thursday could provide volatility due to the EURO news coming out plus closed US markets. All is detailed in my video at the beginning of the week....

Have a good evening!
  • #5,554
  • Nov 21, 2017 3:23pm Nov 21, 2017 3:23pm
17:19 News Bot: Fed Chair Yellen sayd reasonably close to inflation and employment targets, but adds that inflation is below target and that it is appropriate to gradually increase rates

17:21 News Bot: Fed Chair Yellen says dangerous to permit inflation to drift lower and miss goal over time

Pops the Euro 10 pips
  • #5,555
  • Edited 5:51pm Nov 21, 2017 5:39pm | Edited 5:51pm
Quoting genghistar
{quote} The pertinent question to ask is how many pips were used/risked to make those numbers of pips. You can very easily make 1million pips by risking/using 1billion pips. Cheers GS

@ risk @ 2 to 15 pips plus extreme hedge;
@ profit factor 5.5
@ 78% winners
@ SQN score: 377
@ Max consecutive wins 88; losses 18
@ ave open intraday drawdown 2%
@ worse case drawdown 10%
@ drawdown equity recovery period: 3 days
@ average daily pips: 250-300
@ largest win 182 pips; largest loss 29 pips (slippage)
@ ave win: 17 pips, ave loss 9 pips





there's more but I don't want to bore you. I hope that answers your pertinent question.

Cheers MB

(I can remember when I was a member of FF back in 2008, many years later and the 'pertinent questions' remain the same).

Quoting NakedBumbleB
{quote} Wow, 80 trades...just want to ask if this a standard trade count for a day trader? im new to trade, so im basically trading less than 10 trades per day... ...
average is 40 to 50 a day placed by algos.
  • #5,556
  • Nov 21, 2017 6:16pm Nov 21, 2017 6:16pm
Hey all, been busy with wrapping things up at work before heading out to see family tomorrow.

I was stopped out of previous longs but bought here in the 1.1730's with a stop below 1.1660.

I'm a swing trader, so take that into account. Hoping to get 200-300 pips from this puppy if we get the break I'm looking for.
check out my blog: forexmademillionaire dot com
  • #5,557
  • Nov 21, 2017 7:10pm Nov 21, 2017 7:10pm
Quoting mbrown
{quote} @ risk @ 2 to 15 pips plus extreme hedge; @ profit factor 5.5 @ 78% winners @ SQN score: 377 @ Max consecutive wins 88; losses 18 @ ave open intraday drawdown 2% @ worse case drawdown 10% @ drawdown equity recovery period: 3 days @ average daily pips: 250-300 @ largest win 182 pips; largest loss 29 pips (slippage) @ ave win: 17 pips, ave loss 9 pips there's more but I don't want to bore you. I hope that answers your pertinent question. Cheers MB (I can remember when I was a member of FF back in 2008, many years later and the 'pertinent questions'...
TQ for your reply to my post and I am blown away by the stats if it is indeed what you wrote.
Can you be kind enough just to make 5 simple live trade calls with SL and PT to validate your stats and to entrench my belief? I be totally awed.

Cheers
GS
  • #5,558
  • Nov 21, 2017 7:18pm Nov 21, 2017 7:18pm
Hello To all.........

With the RSI below zero

The H1 stochastic will rubber band short back to the H4 stochastic
Attached Image (click to enlarge)
Click to Enlarge Name: eu h1.JPG Size: 308 KB
The More You Learn, The More You Earn.....
  • #5,559
  • Nov 21, 2017 7:32pm Nov 21, 2017 7:32pm
Quoting genghistar
{quote} TQ for your reply to my post and I am blown away by the stats if it is indeed what you wrote. Can you be kind enough just to make 5 simple live trade calls with SL and PT to validate your stats and to entrench my belief? I be totally awed. Cheers GS
Hi ,

I post my live algo trades on this thread. Scroll back.
  • #5,560
  • Nov 21, 2017 7:45pm Nov 21, 2017 7:45pm
Quoting mbrown
{quote} Hi , I post my live algo trades on this thread. Scroll back.
Algo trades..what's that? Maybe u misunderstood me...just 5 normal trade calls like how the O/P wanted it on the first page of this thread. It's ok if you cant.

Cheers
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