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EURUSD only

  • #7,541
  • Dec 29, 2017 7:54am Dec 29, 2017 7:54am
Stopped out sold again at 1.1995 Stop at 1.2009 TP negotiable 50+pips. Will add as needed.
  • #7,542
  • Dec 29, 2017 8:02am Dec 29, 2017 8:02am
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.
I learned the hard way, always use a stop loss. I recall sitting there saying to myself "there's no way this can tho any higher". The market will always find a way. It's better to take many small losses with a stop loss, than one huge one without. Good luck noob, welcome to the forum.
  • #7,543
  • Dec 29, 2017 8:03am Dec 29, 2017 8:03am
Quoting Skracor247
Stopped out sold again at 1.1995 Stop at 1.2009 TP negotiable 50+pips. Will add as needed.
nice entry ...
  • #7,544
  • Dec 29, 2017 8:07am Dec 29, 2017 8:07am
Quoting FloatingCha
{quote} nice entry ...
As long as we have seen the high of the day...
  • #7,545
  • Dec 29, 2017 9:07am Dec 29, 2017 9:07am
Starting to see a little asymmetry come into the pair, it looks a little over-bought at current levels, but caution is needed as short-term momentum is still bullish.

Attached Image (click to enlarge)
Click to Enlarge Name: report 12-29-2017 08-02.png Size: 732 KB
When you hit 50, coffee becomes part of a proper modeling pipeline.
  • #7,546
  • Dec 29, 2017 9:08am Dec 29, 2017 9:08am
Good day my fellow traders! E reaching 20. I don't see any single reason why it can't go higher in 2018. If you follow news like I do you would know that already. 3-4 weeks ago it was predicted by major analysts. Just based on E data performance . Plus we broke down trend top channel line. Few months back I got caught up on the same E strength trying to sell it. No more. I see a bit correction around 20 area. But it's thin market right now. Mostly all banks on holiday leave. And seems like Trumps Tax deal didn't play well at least right away. Will judge in 18. Good luck everyone!
  • #7,547
  • Dec 29, 2017 9:32am Dec 29, 2017 9:32am
Quoting denisius
Good day my fellow traders! E reaching 20. I don't see any single reason why it can't go higher in 2018. If you follow news like I do you would know that already. 3-4 weeks ago it was predicted by major analysts. Just based on E data performance . Plus we broke down trend top channel line. Few months back I got caught up on the same E strength trying to sell it. No more. I see a bit correction around 20 area. But it's thin market right now. Mostly all banks on holiday leave. And seems like Trumps Tax deal didn't play well at least right away. Will...
well, they do say that it has the power to go up to 1.4 1.5 so we just ride the trend
happy new year everyone
see you next year
MAKE IT RAIN
  • #7,548
  • Dec 29, 2017 9:33am Dec 29, 2017 9:33am
there is still room for upside potential
  • #7,549
  • Dec 29, 2017 10:01am Dec 29, 2017 10:01am
Quoting denisius
Good day my fellow traders! E reaching 20. I don't see any single reason why it can't go higher in 2018. If you follow news like I do you would know that already. 3-4 weeks ago it was predicted by major analysts. Just based on E data performance . Plus we broke down trend top channel line. Few months back I got caught up on the same E strength trying to sell it. No more. I see a bit correction around 20 area. But it's thin market right now. Mostly all banks on holiday leave. And seems like Trumps Tax deal didn't play well at least right away. Will...
Dont be fooled my friend ,,,,if you get a bunch of manufacturing happening what do you need to export it ,,,,,cheap dollar makes it much easier ,,,,,, rest of the world can buy our stuff instead of the other way a round
  • #7,550
  • Dec 29, 2017 11:13am Dec 29, 2017 11:13am
Does anyone know which indicator/oscilator is this?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 59 KB
MAKE IT RAIN
  • #7,551
  • Dec 29, 2017 11:35am Dec 29, 2017 11:35am
Somebody tell me if my stop loss 20 pips and gap open 50 pips to stop loss then stop loss will work or not?
  • #7,552
  • Dec 29, 2017 11:41am Dec 29, 2017 11:41am
Quoting Biplobff
Somebody tell me if my stop loss 20 pips and gap open 50 pips to stop loss then stop loss will work or not?
No. It will close at the open price if the gap is over your SL.
Example
Buy at 1.2000 SL at 1.1970 TP 1.2100
Opens with bearish gap at 1.1950 then your order will be closed at 1.1950
MAKE IT RAIN
  • #7,553
  • Dec 29, 2017 2:08pm Dec 29, 2017 2:08pm
EUR/USD hit a 3-month high today. The pair is likely to extend its bullish run towards 1.2030.
  • #7,554
  • Dec 29, 2017 3:41pm Dec 29, 2017 3:41pm
yes cheap dollar is good for exporting usa manufacted goods as well as usa farm products
All trends begin with the smallest time frame
  • #7,555
  • Dec 29, 2017 4:07pm Dec 29, 2017 4:07pm
Quoting PatienceFx
{quote} https://www.mql5.com/en/code/download/15931/ffc.mq4
Thank you very much! I was able to get it into my Nav window, and allow DLL imports, but it still asked me to "Allow DLL Imports" idk. Thank you again!
Zip
  • #7,556
  • Dec 29, 2017 4:42pm Dec 29, 2017 4:42pm
Quoting Pipfu
{quote} I learned the hard way, always use a stop loss. I recall sitting there saying to myself "there's no way this can tho any higher". The market will always find a way. It's better to take many small losses with a stop loss, than one huge one without. Good luck noob, welcome to the forum.
In my view, you are not obliged to use a « registered » stop loss, but should get a « mental » one ; the need to record a stop loss depends on the leverage effect you use and the correlations between your position : closing a loss-making position may require to do the same with a winning one if they are negatively correlated.

Given I play wide moves (short EURUSD to go back to 1,17) with short-term ones in the opposite direction, I am used to being long and short on the same pair... when I get a feeling I am getting lost, I close all positions and try to think of what happened.

I am way less experienced than most people here, but I dare to say that what matters is not the stop in itself but the way you react to it: if losses are unbearable to you, then definitely you should record a stop with every new position, and not believe that you will be strong enough to exercice it manually.

What at matters most is to be in a position to come back tomorrow... Otherwise...

Good luck and Happy New Year !
  • #7,557
  • Dec 29, 2017 4:45pm Dec 29, 2017 4:45pm
Quoting mihai1986
{quote} No. It will close at the open price if the gap is over your SL. Example Buy at 1.2000 SL at 1.1970 TP 1.2100 Opens with bearish gap at 1.1950 then your order will be closed at 1.1950
Unless your broker offered you the possibility to go for a « guaranteed stop loss » by paying a premium when you opened your position. In this case, no gap.
  • #7,558
  • Dec 29, 2017 7:35pm Dec 29, 2017 7:35pm
Quoting Gwen11
{quote} In my view, you are not obliged to use a « registered » stop loss, but should get a « mental » one ; the need to record a stop loss depends on the leverage effect you use and the correlations between your position : closing a loss-making position may require to do the same with a winning one if they are negatively correlated. Given I play wide moves (short EURUSD to go back to 1,17) with short-term ones in the opposite direction, I am used to being long and short on the same pair... when I get a feeling I am getting lost, I close all positions...
Agreed. You are describing a position where you know price could move against you, and are prepared by not risking more than your risk tolerance. My guess is that you will not be looking at a margin call if we slip north a ways. A mental stop is a stop. But that number is there. Happy New Year and successful trading to you!
  • #7,559
  • Dec 30, 2017 3:50am Dec 30, 2017 3:50am
Harmonic Patterns Outlook on Daily

  1. On chart below we have 2 potential patterns that fall into the sell zone of Crab pattern roughly between 1.2015 to 1.2190 (175 pips wide)
  2. Based on Crab pattern rules (I put the image onto the chart):
    D leg can complete minimum at B to C Fib. 224%: 1.1.2016 or maximum at B to C Fib. 361.8%: 1.2188
  3. We also have a potential AB=CD that might cooperate with Crab pattern and complete at 1.2122
  4. All together you should be aware that sell zone has room for 175 pips.. that requires extra care whenever you decide to short..
  5. You will also notice that fib grids get narrower and narrower starting from 1.1861: That's the level where any bearish trend would slow down drastically.
  6. Especially fib 78.0 area back below: 1.18349 level is most important support (in other words: last man standing)

My half cents and last post for 2017.. wishing you all a happy new year..

Stay Green

Attached Image (click to enlarge)
Click to Enlarge Name: EU-Harmonics.png Size: 77 KB
Focus only on what truly matters!
  • #7,560
  • Dec 30, 2017 3:54am Dec 30, 2017 3:54am
Quoting Ata-Turkoglu
Harmonic Patterns Outlook on Daily On chart below we have 2 potential patterns that fall into the sell zone of Crab pattern roughly between 1.2015 to 1.2190 (175 pips wide) Based on Crab pattern rules (I put the image onto the chart): D leg can complete minimum at B to C Fib. 224%: 1.1.2016 or maximum at B to C Fib. 361.8%: 1.2188 We also have a potential AB=CD that might cooperate with Crab pattern and complete at 1.2122 All together you should be aware that sell zone has room for 175 pips.. that requires extra care whenever you decide to short.....
Thank you so much Ata. So it is going to 1.21
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