Menu

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Trading EURUSD only 43,755 replies

LIVE Trades Only : EURUSD & GBPUSD 122 replies

Strategy behind 1 EA (buy only) and 1 EA (sell only) 2 replies

Eurusd-5m Trading Only 109 replies

Script to change EA to long only/ short only at a price level? 1 reply

Attachments: EURUSD only
Exit Attachments

EURUSD only

UPDATE
Bearish if price < 1.2037
Attached Image (click to enlarge)
Click to Enlarge Name: 120118 Trade 2.png Size: 16 KB
Quoting Tfh
{quote} Would it be safe to say that refining your entry for counter Trend trading woulf be the best solution?
You could quite possibly but why run the risk? Counter trend is low probability no body likes to trade against big money granted i could maybe make a few pips or quite abit of pips from the move but then that comes down to more luck and i begin to gamble which isnt trading obviously. When i enter a trade i like to know 100% in my mind im in the best postion to make money, if that means i have to wait for price to do what i want it to do then im cool with that.
Some people here will counter trend which is fine it does work its just low probability trading though.
Quoting Tfh
{quote} It would be a stretch to say the price will come back down. We have alresdy seen 3 weekend gaps by EU the last 5 !Months have passed which have yet to fill the gap. Imagine a trader who keeps adding to his lost or in your case, waiting for the price to come back to you. Money management is cool but trade management is also boss no?
In this case the r/r of this trade is very good *for me*. That's why I don't usually post my trades and I would strong advise to NOT follow them in the rare case I do.
Quoting Neil0163
{quote} You could quite possibly but why run the risk? Counter trend is low probability no body likes to trade against big money granted i could maybe make a few pips or quite abit of pips from the move but then that comes down to more luck and i begin to gamble which isnt trading obviously. When i enter a trade i like to know 100% in my mind im in the best postion to make money, if that means i have to wait for price to do what i want it to do then im cool with that. Some people here will counter trend which is fine it does work its just low probability...
Thank you for sharing your opinion with me. However, what i fail to wrap my head around is how one defines risk or low probability trade. So if you and I are using two different systems wouldn't the probability of success or failure be different being as each trader has a specific bias? I guess what i am saying is it seems unfair to lable something as not having a high probability because you don't understand or aspire for the same amount of pips as another trader.
The Earth is flat!
Quoting Tfh
{quote} Thank you for sharing your opinion with me. However, what i fail to wrap my head around is how one defines risk or low probability trade. So if you and I are using two different systems wouldn't the probability of success or failure be different being as each trader has a specific bias? I guess what i am saying is it seems unfair to lable something as not having a high probability because you don't understand or aspire for the same amount of pips as another trader.
Exactly. I like to factor in my worst case expectation and size accordingly. Plus technical traders tend to overestimate graphs. When you go down to fundamental analysis you will see that this pair went up on the basis of nothing. The Chinese fake news and the meeting minutes that said what we already knew - basically a run based on vaporware - plus a bit of bad data. Furthermore Eurozone economy is not that great so I don't see why this pair should go to the moon and I'm sure that it will not. I would go in more details like the stockpile of cash held in Ireland that will get back to the US thanks to Trump, etc.

Will us see a new high? Maybe yes, depending on the US data in the next hours. I would not expect anything like 1.22 or more like I read here.
Quoting Tfh
{quote} Thank you for sharing your opinion with me. However, what i fail to wrap my head around is how one defines risk or low probability trade. So if you and I are using two different systems wouldn't the probability of success or failure be different being as each trader has a specific bias? I guess what i am saying is it seems unfair to lable something as not having a high probability because you don't understand or aspire for the same amount of pips as another trader.
Yeah i see your point and again insuppose it all boils down to how you read your charts and how you get your bias. If we all had the same bias the markets wouldnt move, what i consider and uptrend you could consider downtrend in the bigger picture or the smaller time frame again itmjust comes down to how you interpret the markets, the markets are moved based on 2 traders making a descion one buys while the other sells again could be for many reasons.

I like to trade price action not sure if you know much of it as i dont know how long you been trading for. Take a look at this though.
I am bullish, howevere usuing price action i can see my bullish trend right now is getting weaker based on projection. See how the vericle black lines are getting smaller within each swing and are pretty much looking flat. Trend chsnge coming up soon obviously i cant predict when so for now ill stick to trend trading which is bullish as price still makes higher highs.


Yes i stalked your profile too i was gonna private message you this but i shared it incase anyone else was thinking the same lol
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20180112-102342.jpg Size: 264 KB
last and biggest short position at 2088!!!!
1.21075 is Weekly Monthly R1
Quoting NagaMas
1.21075 is Weekly R1
Daily r2 is 1.21352
The Earth is flat!
Weekly bull flag breakout on tap, second round of dollar slaughter has begun.
"Where you want to be is always in control, never wishing, always trading.
Quoting mrnicecookie
last and biggest short position at 2088!!!!
after stop loss ?
Quoting 4experience
{quote} after stop loss ?
all short positions SL will be at 2180
Quoting mrnicecookie
last and biggest short position at 2088!!!!
Cry
all dead short eurusd including me!
Quoting carlob
{quote} Exactly. I like to factor in my worst case expectation and size accordingly. Plus technical traders tend to overestimate graphs. When you go down to fundamental analysis you will see that this pair went up on the basis of nothing. The Chinese fake news and the meeting minutes that said what we already knew - basically a run based on vaporware - plus a bit of bad data. Furthermore Eurozone economy is not that great so I don't see why this pair should go to the moon and I'm sure that it will not. I would go in more details like the stockpile...
Went up on nothing? Eurozone growth is very likely to hit north of 2.5% this year, probably gonna hit 3%. It has also recorded large trade surpluses in recent years (and in the past decade actually), the only thing thats stopping it from rocketing higher is the ECB's monetary policy, it punishes longs with negative interest rates, this is clearly currency manipulation, fundamentally the EUR is worth far more than 1.2 to the dollar.
"Where you want to be is always in control, never wishing, always trading.
Quoting Tfh
{quote} Daily r2 is 1.21352
What pivot levels the price should hear right now? Daily? Weekly? Monthly? LOL
Quoting Spec_And
Weekly bull flag breakout on tap, second round of dollar slaughter has begun.


If she fall's/closes below 90.97 then lookout for the fire workseur/usd

I dont think it will though,

Screenshot 2018-01-12 16.44.37.png
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2018-01-12 16.44.37.png Size: 69 KB
Quoting livingston12
{quote} Cry
2186 will be a good SL, its above the resistance
Quoting NagaMas
{quote} What pivot levels the price should hear right now? Daily? Weekly? Monthly? LOL
Very good question. I use pivots a lot and only look at weekly and monthly once the dsily s3 or r3 are broken through on 15m
The Earth is flat!
Hi guys , i am new on this today again a i am surprise for high levels for Euro resistance fail?

Suppose be at 1.20842 to be honest we all fail must recognize this Forex is a trap no more Thant this.
65 traders viewing now, 19 are members:
sry.rahmani
,
TH2003
,
zviper
,
,
Cornabu
,
Hilts
,
Ishaqkha
,
,
,
Darfirst
,
lateornever
,
,
SorinAQ
,
,
darksize
,
wladav
,
Ata-Turkoglu
,
Turpasto
,
Happymorning