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  • #7,521
  • Dec 29, 2017 2:42am Dec 29, 2017 2:42am
I am long from 1.19485, will take profit at 1.1980 and will short @1.1982
  • #7,522
  • Dec 29, 2017 3:07am Dec 29, 2017 3:07am
Just sold 1.1972
SL: 30 pips
TP: 30 pips or more.. (might decide to trail based on trend speed)

Stay Green
Focus only on what truly matters!
  • #7,523
  • Dec 29, 2017 3:27am Dec 29, 2017 3:27am
79% lot short
64% traders short..
Interesting to see what algoritham going to do.
Whether they chase the short sellers or not!
Thats how big banks make money i beleive
  • #7,524
  • Dec 29, 2017 3:38am Dec 29, 2017 3:38am
Hi everyone. I am new trader. I have been reading and learning from all of you for a while. This is the first time replying to this thread.
I have some questions here because I don't understand it at all.
1. How come Euro become so strong even there is no news at all?
2. Now my account is all red , do you guys think hegdging would be ok? (I didn't set the stop loss and now it is far from where I open the order around 800 pip.)
Thank you so much for your opinions.
  • #7,525
  • Dec 29, 2017 3:54am Dec 29, 2017 3:54am
As it goes higher more sellers will emerge so whats the solution lol!
  • #7,526
  • Dec 29, 2017 4:00am Dec 29, 2017 4:00am
I am considering sell limit at 1.1990, hoping for a consolidation up.
I'm a newbie. We have a great family here and big thank you to Ata for initiating this.
Regards
Shah.
  • #7,527
  • Dec 29, 2017 4:07am Dec 29, 2017 4:07am
Hello traders. Ata and others, I have a question about decision to take the opposite trade like you did one hour ago. Why? Fibo or R1 line? Or ADX or something else? Which time frame do you read while taking such decision? Few days ago you took perfect short on the top, but today not. What is the reason? (of course I wish you to take those 30pips or more!) Thank you in advance!
  • #7,528
  • Dec 29, 2017 4:35am Dec 29, 2017 4:35am
Quoting Nunice
Hi everyone. I am new trader. I have been reading and learning from all of you for a while. This is the first time replying to this thread. I have some questions here because I don't understand it at all. 1. How come Euro become so strong even there is no news at all? 2. Now my account is all red , do you guys think hegdging would be ok? (I didn't set the stop loss and now it is far from where I open the order around 800 pip.) Thank you so much for your opinions.
Hello, Nunice.

1- As John Maynard Keynes said "the market can remain irrational longer then you can remain solvent". Thats for your first question. And maybe the new guidance issued by IRS (https://www.bloomberg.com/news/artic...e-with-changes) is keeping the often weak dollar, more weak, and Euro is making its move, as well as the Swissy.

2- For your second question, with all due respect, your first tactical error was not set a SL. Never do that, even if your trying to get 1 or 2 pips from the market. In my particular view, hedging may not gonna work now cause eurusd is heading to a daily and weekly major resistance (in the 1.2030 to 1.2090 area, please check that out), so if you have the margin in your account and that allows you to wait the reversal, wait for it. Going long coming in a major resistance is not a tactical move.

Hope it helps. And remember, its all my opinion. At the end, you are the only one who can pull the trigger.

Thank you and Ata for open this forum to talk to about this passionate world of currency trading.
  • #7,529
  • Dec 29, 2017 4:39am Dec 29, 2017 4:39am
Quoting Nunice
Hi everyone. I am new trader. I have been reading and learning from all of you for a while. This is the first time replying to this thread. I have some questions here because I don't understand it at all. 1. How come Euro become so strong even there is no news at all? 2. Now my account is all red , do you guys think hegdging would be ok? (I didn't set the stop loss and now it is far from where I open the order around 800 pip.) Thank you so much for your opinions.
Welcome.. well instead of answering your questions which might have so many answers where all can be true or all can be wrong, the real question for you to answer is: Why are my trades in red? That I can answer: Because you are trading based on "assumptions"... you MUST get rid of that first and once and for all.. get rid of assuming..

Another thing is to never "hedge" but instead knowing your SL level and to close it once you see you were hunted.. Know the place where you are willingly to take the loss BEFORE you enter a trade. Know your limit of that potential loss. Know what each of your trades will cost you before you take it. Embrace it...

That's my half cents.. Just advice.. I hope it helps..

Stay Green
Focus only on what truly matters!
  • #7,530
  • Dec 29, 2017 4:44am Dec 29, 2017 4:44am
Quoting keepit
Hello traders. Ata and others, I have a question about decision to take the opposite trade like you did one hour ago. Why? Fibo or R1 line? Or ADX or something else? Which time frame do you read while taking such decision? Few days ago you took perfect short on the top, but today not. What is the reason? (of course I wish you to take those 30pips or more!) Thank you in advance!
If I take a trade against the trend inside "no mans land" I mostly rely on fib expansion levels.. but there are many approaches to that and one has to master his own.. and it is risky.. so if you go with strict SL and strict TP levels it can work.. never assume.. but rely on specific fib levels that interfere with S/R and sweet spot areas..

My half cents.. hope it answers your question..

Stay Green
Focus only on what truly matters!
  • #7,531
  • Dec 29, 2017 4:44am Dec 29, 2017 4:44am
Quoting Ata-Turkoglu
Just sold 1.1972 SL: 30 pips TP: 30 pips or more.. (might decide to trail based on trend speed) Stay Green

Thank You

My entry 1.1985
  • #7,532
  • Dec 29, 2017 4:45am Dec 29, 2017 4:45am
You are right Ata. This is the reason my portfolio is currently in red approx usd 580k. Hope nxt year be a better year for me and all of you. Tks and happy holiday.
  • #7,533
  • Dec 29, 2017 4:53am Dec 29, 2017 4:53am
Marking 1.1982 as nearest resistance..

Stay Green
Focus only on what truly matters!
  • #7,534
  • Dec 29, 2017 4:57am Dec 29, 2017 4:57am
Quoting evaldezp
{quote} Hello, Nunice. 1- As John Maynard Keynes said "the market can remain irrational longer then you can remain solvent". Thats for your first question. And maybe the new guidance issued by IRS (https://www.bloomberg.com/news/artic...e-with-changes) is keeping the often weak dollar, more weak, and Euro is making its move, as well as the Swissy. 2- For your second question, with all due respect, your first tactical error was not set a SL. Never do that, even if your trying...
Thank you for your suggestion. I do have some margin left but I don't think I can make it til 1.2030. Anyway I will try again later. Also thank you Ata for your suggestion.
  • #7,535
  • Dec 29, 2017 5:13am Dec 29, 2017 5:13am
I sold at 1.19813 will add at 1.1972 Stop at 1.1997 TP negotiable 50+ pips.
  • #7,536
  • Dec 29, 2017 5:19am Dec 29, 2017 5:19am
Can we expect it to go down and do the correction after 1.20?
  • #7,537
  • Dec 29, 2017 5:41am Dec 29, 2017 5:41am
Quoting Skracor247
I sold at 1.19813 will add at 1.1972 Stop at 1.1997 TP negotiable 50+ pips.
Oh, and hello all! Sorry, I'm a little socially awkward most times.

Also thank you ATA for EUR/USD ONLY. The old EUR/USD thread could be a ZOO!
  • #7,538
  • Dec 29, 2017 5:46am Dec 29, 2017 5:46am
Quoting Nunice
{quote} Thank you for your suggestion. I do have some margin left but I don't think I can make it til 1.2030. Anyway I will try again later. Also thank you Ata for your suggestion.
it's building a top here just put your stop above today's high and you will be fine
  • #7,539
  • Dec 29, 2017 7:19am Dec 29, 2017 7:19am
1.20915 is the target buy the dip . oil is going up
  • #7,540
  • Dec 29, 2017 7:20am Dec 29, 2017 7:20am
Are we going to see 1.2018 before the year end tonight?! :|
may be EU wana say congratulation to us!
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