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MoneyFocus' thread of forex and fun

  • #261
  • Nov 28, 2017 1:58pm Nov 28, 2017 1:58pm
Quoting MoneyFocus
Is Eur/Usd doomed lol
Eu has been good to both of us. lol

https://www.youtube.com/watch?v=R8kdX6VJ2oY
  • #262
  • Nov 28, 2017 2:00pm Nov 28, 2017 2:00pm
USD has been strong....but we are moving into a new day soon...trend continuation or reversal?
  • #263
  • Nov 28, 2017 2:04pm Nov 28, 2017 2:04pm
Quoting qslee95
Current holding trades, EURUSD (SHORT) Average EP:1.1914 SL 1.20 TP1:1.185 TP2:1.18 GBPUSD (SHORT) Average EP:1.3345 SL: 1.34 TP1: 1.322 (hit) TP 2: 1.318 USDJPY (LONG) Average EP:110.97 SL:110.6 TP1: 111.6 TP 2:112 Will find reentry point for short on GBPUSD.
UJ TP1 hit, let's see if it can sustain.
  • #264
  • Nov 28, 2017 2:05pm Nov 28, 2017 2:05pm
Quoting qslee95
{quote} UJ TP1 hit, let's see if it can sustain.
nice! grats.
  • #265
  • Nov 28, 2017 8:32pm Nov 28, 2017 8:32pm
Hi Money and Seshwaan. my average short eurusd about 110, short gbpjpy currently 136, average short xauusd 1248, average short gbpusd 1.28. I have been shorting since nov 2016 when trump won the presidency. I hold for a year already and all f up. Anyway my own bias of usd is killing me. btw, short bitcoin at 9200. cannot cut loss all as it is too big. I already cut some for past few months but currently dont know what to do already. Wish all of you green pips. I only hope to trade to make little by little and wish for my old positions to improve and pray only for usd to strenghten big time. If I can get down to 200k, may cut all old positions. Please help if you have time. tks all.
  • #266
  • Nov 28, 2017 8:56pm Nov 28, 2017 8:56pm
Quoting HockMan
Hi Money and Seshwaan. my average short eurusd about 110, short gbpjpy currently 136, average short xauusd 1248, average short gbpusd 1.28. I have been shorting since nov 2016 when trump won the presidency. I hold for a year already and all f up. Anyway my own bias of usd is killing me. btw, short bitcoin at 9200. cannot cut loss all as it is too big. I already cut some for past few months but currently dont know what to do already. Wish all of you green pips. I only hope to trade to make little by little and wish for my old positions to improve...
can you hedge? buy and sell the same pair at the same time.
  • #267
  • Nov 28, 2017 9:10pm Nov 28, 2017 9:10pm
Quoting 4xjunkie
{quote} can you hedge? buy and sell the same pair at the same time.
I personally don't like hedging, I think it simply postpones the problem solving to a later date.

Dear HockMan, you need to decide if your view of long USD is correct, otherwise you would have to cut losses at some point.

If you are 100% confident that your view of long USD is correct, then I propose you go for scalp trades and boost up your account balance so that you can maintain the margin much better and wait for USD rallies.

My two cents.
  • #268
  • Nov 28, 2017 9:12pm Nov 28, 2017 9:12pm
Good day to all, may the green pips be with us. CHeers.
  • #269
  • Nov 28, 2017 9:20pm Nov 28, 2017 9:20pm
Quoting MoneyFocus
{quote} I personally don't like hedging, I think it simply postpones the problem solving to a later date. Dear HockMan, you need to decide if your view of long USD is correct, otherwise you would have to cut losses at some point. If you are 100% confident that your view of long USD is correct, then I propose you go for scalp trades and boost up your account balance so that you can maintain the margin much better and wait for USD rallies. My two cents.
i agree, don't care for it myself even though i cant. i was thinking just what you said, if you see a perfect setup and even miss the entry a little for conformation. pull a small trade and take off the equivalent, until is manageable
  • #270
  • Nov 28, 2017 9:24pm Nov 28, 2017 9:24pm
4xjunkie: tku for all you guys concern. Now a days, I open new position either same positions or the opposite. As I open new one with same pair, i take it as more average. If I open opposite site, I will take profit if there is. I have no guts to open new different pair as I have to watch my equity. That is why I appreciate all your inputs and explores. I hope to learn by reading FF and see you guys' explorer open positions. fyi, i was in deep shit since end of june 2017, when draghi, carney met in portugal talking about tighting.
  • #271
  • Nov 28, 2017 9:41pm Nov 28, 2017 9:41pm
Quoting HockMan
4xjunkie: tku for all you guys concern. Now a days, I open new position either same positions or the opposite. As I open new one with same pair, i take it as more average. If I open opposite site, I will take profit if there is. I have no guts to open new different pair as I have to watch my equity. That is why I appreciate all your inputs and explores. I hope to learn by reading FF and see you guys' explorer open positions. fyi, i was in deep shit since end of june 2017, when draghi, carney met in portugal talking about tighting.
The burdon you bear, I wish apon no one. I have the same troubles you do. the hardest part is letting a red trade go.
  • #272
  • Nov 28, 2017 10:40pm Nov 28, 2017 10:40pm
There's a zigzag action on Gold and UJ yesterday but I think if they break above/below this fractal today H1 chart (gold). We will now see a direction. My bias on gold is bullish at the moment but still unconfirmed due to unbroken support/resistance. If gold breaks up I think UJ goes down. We will see...

H1 chart might take awhile to hit targets...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 53 KB
  • #273
  • Nov 29, 2017 7:10am Nov 29, 2017 7:10am
Quoting qslee95
Current holding trades, EURUSD (SHORT) Average EP:1.1914 SL 1.20 TP1:1.185 TP2:1.18 GBPUSD (SHORT) Average EP:1.3345 SL: 1.34 TP1: 1.322 (hit) TP 2: 1.318 USDJPY (LONG) Average EP:110.97 SL:110.6 TP1: 111.6 TP 2:112 Will find reentry point for short on GBPUSD.
SL got hit for GBPUSD this morning, gonna stay away from GU and watch for confirmation and potential for re-entry. UJ and EU are doing pretty good at the moment, gonna see if UJ could break and stand above 112, and EU to break 1.179.

Trade safe, stay green.
  • #274
  • Nov 29, 2017 7:29am Nov 29, 2017 7:29am
Quoting maflip
There's a zigzag action on Gold and UJ yesterday but I think if they break above/below this fractal today H1 chart (gold). We will now see a direction. My bias on gold is bullish at the moment but still unconfirmed due to unbroken support/resistance. If gold breaks up I think UJ goes down. We will see... H1 chart might take awhile to hit targets... {image}
lol gold has gone loko... if after US data and yellen yappidy yap gold still hasn't hit the target and is staying below the bearish line. I'll be looking to short.
  • #275
  • Nov 29, 2017 7:31am Nov 29, 2017 7:31am
Quoting qslee95
Current holding trades, EURUSD (SHORT) Average EP:1.1914 SL 1.20 TP1:1.185 TP2:1.18 GBPUSD (SHORT) Average EP:1.3345 SL: 1.34 TP1: 1.322 (hit) TP 2: 1.318 USDJPY (LONG) Average EP:110.97 SL:110.6 TP1: 111.6 TP 2:112 Will find reentry point for short on GBPUSD.
UJ TP2 Hit
  • #276
  • Nov 29, 2017 7:38am Nov 29, 2017 7:38am
Quoting HockMan
4xjunkie: tku for all you guys concern. Now a days, I open new position either same positions or the opposite. As I open new one with same pair, i take it as more average. If I open opposite site, I will take profit if there is. I have no guts to open new different pair as I have to watch my equity. That is why I appreciate all your inputs and explores. I hope to learn by reading FF and see you guys' explorer open positions. fyi, i was in deep shit since end of june 2017, when draghi, carney met in portugal talking about tighting.
Never ever hold long-term trades. Telling you as someone who has been trading spot and options FX markets for over 15 years now.
My biggest wins are all intra-day trades with max hold period of 12-16 hours.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 257 KB
  • #277
  • Nov 29, 2017 7:38am Nov 29, 2017 7:38am
Quoting qslee95
Current holding trades, EURUSD (SHORT) Average EP:1.1914 SL 1.20 TP1:1.185 TP2:1.18 GBPUSD (SHORT) Average EP:1.3345 SL: 1.34 TP1: 1.322 (hit) TP 2: 1.318 USDJPY (LONG) Average EP:110.97 SL:110.6 TP1: 111.6 TP 2:112 Will find reentry point for short on GBPUSD.
Closed all trades, enough profit for the day. Will enter if the market gives a good sign to re-enter.
  • #278
  • Nov 29, 2017 7:44am Nov 29, 2017 7:44am
tks asgcorp. I am stupid holding long usd for years some of them as always believe in USA. But so far my old positions are too late and I only can hope for usd to strenghten big time. Meanwhile, I try to trade with new positions and hopefully make little money at a time. I do appreciate you guys comments. I am learning the hard way and hope can learn from you the intra trader expert. Moneyfocus and swashaan and others, tku all. by the way the explorer in forexfactory do not show you guys trades. Would be nice if can be shown by you guys. tks.
  • #279
  • Nov 29, 2017 8:00am Nov 29, 2017 8:00am
Quoting asgcorp
{quote} Never ever hold long-term trades. Telling you as someone who has been trading spot and options FX markets for over 15 years now. My biggest wins are all intra-day trades with max hold period of 12-16 hours. {image}

Thank you for gracing my thread, asgcorp.
  • #280
  • Nov 29, 2017 8:18am Nov 29, 2017 8:18am
The USD bulls have come in again, full steam ahead....are they done? A pump up before Yellen? Buy the rumor sell the news? Let's see.
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