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The Swamp

  • #14,281
  • Jan 11, 2018 11:47am Jan 11, 2018 11:47am
Quoting Boulder
{quote} you like play with those monsters? for me.. Eur/Nzd and Gbp/nzd.. have too wide swings...and fast moving.. are you more profitable trading those than EU?..... I traded a few times before... chicken out.... .
yes, but i dont use 2:1 RR for these pairs..more like 10:1...2:1 would just leave me losing money i think. and i use 4hr/daily..never below --lower to confirm entry time though
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  • #14,282
  • Jan 11, 2018 12:01pm Jan 11, 2018 12:01pm
Quoting Venomousssss
{quote} yes, but i dont use 2:1 RR for these pairs..more like 10:1...2:1 would just leave me losing money i think. and i use 4hr/daily..never below --lower to confirm entry time though {image}

it may want 1.8560 though
  • #14,283
  • Edited 1:28pm Jan 11, 2018 12:19pm | Edited 1:28pm
Quoting Venomousssss
{quote} yes, but i dont use 2:1 RR for these pairs..more like 10:1...2:1 would just leave me losing money i think. and i use 4hr/daily..never below --lower to confirm entry time though {image}
The reason i asked is because I played once..,I tell you one of my amateur experience.. I had shorted EU for days, on 8/24/2015 , that EU had a short squeeze, it went up 230 pips, I lost a lot of money, I closed my trade right away, used what I had left, immediately put all in Eur/NZD longs.... Eur/NZD got short squeeze too, I cashed out 1400 pips gain within a minute... you see, Eur/NZD got short squeezed that day for + 1900 pip...unreal.. that is the last time I played that monster...because
later I found out in my chat room, one big trader who is well known and respected in US, he lost a lot of money on that short squeeze.. because he was out of office, could not act quickly enough with his phone....actually I can say this trader's name: Blake Morrow..he told us all about that incident....
  • #14,284
  • Jan 11, 2018 12:33pm Jan 11, 2018 12:33pm
Quoting Boulder
{quote} The reason i asked is because I played once..,I tell you one of my amateur experience.. I had been shorted EU for days, on 8/21/2015 , that EU had a short squeeze, it went up 230 pips, I lost a lot of money, I closed my trade right away, use what I had left, immediately put all in Eur/NZD longs.... Eur/NZD got short squeeze too, I cashed out 1400 pips gain within a minute... you see, Eur/NZD got short squeezed that day for + 1900 pip...unreal.. that is the last time I played that monster...because later I found out in my chat room, one big...
no stop loss or what? am i misunderstanding?
  • #14,285
  • Jan 11, 2018 12:48pm Jan 11, 2018 12:48pm
Quoting Venomousssss
{quote} no stop loss or what? am i misunderstanding?
he is a pro.. he just placed a trade with his phone.. not even a min, that thing got short squeeze +1000 pips ... he immediately covered ..but lost a lot within seconds..,,,,,so.. just be careful...
not like EU. you have time to act.. max pain 200 pips....but that one can be in thousand.... so always make sure to have stops in,,
  • #14,286
  • Jan 11, 2018 1:07pm Jan 11, 2018 1:07pm
oh, i use limit/stop orders only with stops in place when setting the order. stop is at 1.8656. close to it now actually
  • #14,287
  • Jan 11, 2018 1:10pm Jan 11, 2018 1:10pm
nzd hitting some R right now though
  • #14,288
  • Jan 11, 2018 1:23pm Jan 11, 2018 1:23pm
...Quotes today...
#1 funny one for me:
Money talks… but all mine ever says is good-bye. ~Anon

#2 lesson for me.
"A trader should have no opinion. The stronger your opinion, the harder it is to get out of a losing position." - Paul Rotter
  • #14,289
  • Jan 11, 2018 1:30pm Jan 11, 2018 1:30pm
stopped one that one..trying one more with stop below the low..only because NZD touching 7260 R could help me..small risk..no worries.
  • #14,290
  • Jan 11, 2018 1:38pm Jan 11, 2018 1:38pm
I didn't pay attention...got a long trigger..not a good spot...
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  • #14,291
  • Jan 11, 2018 2:53pm Jan 11, 2018 2:53pm
Quoting Angelina
{quote} I really dont feel good at this moment ! Lets see how today closes first then find the way to get out ! Could touch 2048 then drop back to 2001 I should hold my long at 1955 huhu {image}
Updating my positions
I will try to close the first 2 then keep the 2045
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  • #14,292
  • Jan 11, 2018 3:01pm Jan 11, 2018 3:01pm
My contribution.
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  • #14,293
  • Jan 11, 2018 3:02pm Jan 11, 2018 3:02pm
why is everyone shorting the euro the last few days? seems bullish
  • #14,294
  • Jan 11, 2018 3:07pm Jan 11, 2018 3:07pm
Quoting Venomousssss
why is everyone shorting the euro the last few days? seems bullish
one good reason:..last two days... Euro hit daily supply zone.. 2021-2092 ,, good opportunity for good returns......
  • #14,295
  • Jan 11, 2018 3:25pm Jan 11, 2018 3:25pm
i guess going back towards 1.2046 again...
When life gives you lemons, make lemonade
  • #14,296
  • Jan 11, 2018 3:27pm Jan 11, 2018 3:27pm
closed all my USDCAD and waiting to buy lower towards 1.2490
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When life gives you lemons, make lemonade
  • #14,297
  • Jan 11, 2018 6:01pm Jan 11, 2018 6:01pm
ea just opened 2nd long at the same spot 2037... ...current positions
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  • #14,298
  • Jan 11, 2018 6:15pm Jan 11, 2018 6:15pm
close both..+42 pips ..good enough .. since.,bought too high,,
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  • #14,299
  • Jan 11, 2018 6:22pm Jan 11, 2018 6:22pm
Got 30+
Lets see some retrace then more UP
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A good trader follows his rules, but great trader knows when to break them
  • #14,300
  • Jan 11, 2018 6:42pm Jan 11, 2018 6:42pm
Quoting Boulder
close both..+42 pips ..good enough .. since.,bought too high,, {image}
U don't need to scratch your lot size, Just Hide the size column
A good trader follows his rules, but great trader knows when to break them
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