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EURUSD only

  • #9,981
  • Jan 22, 2018 9:52am Jan 22, 2018 9:52am
Quoting JerryFisher
{quote} 0
0 is better than minus
  • #9,982
  • Jan 22, 2018 9:58am Jan 22, 2018 9:58am
Stuck with a BUY @ .2261 don’t know what to do with it... take my loss now or wait a couple more hours/days..?
  • #9,983
  • Jan 22, 2018 10:28am Jan 22, 2018 10:28am
Quoting CyanideFX
Stuck with a BUY @ .2261 don’t know what to do with it... take my loss now or wait a couple more hours/days..?
Chance it hits 2256ish one more time ,,,,,,,,,if it got close I would think about closing it in the next half hour . My 2 cents worth
  • #9,984
  • Jan 22, 2018 10:28am Jan 22, 2018 10:28am
Quoting CyanideFX
Stuck with a BUY @ .2261 don’t know what to do with it... take my loss now or wait a couple more hours/days..?
before entering a trade, we typically have a plan for what to do if it develops a profit or if it is going wrong. This trading plan exists so that we have a guide and rules so that we always know exactly what to do in any and all situations. No one here has a plan that is the same or any good for anyone else. No one in their right mind would want to take responsibility for another trader's trade decisions. Our plans also develop as we learn as traders. Sorry if it sounds preachy, but we're all on our own regarding your specific question.
big money makes big moves and then hides during small money chasing.
  • #9,985
  • Jan 22, 2018 10:32am Jan 22, 2018 10:32am
Quoting CyanideFX
Stuck with a BUY @ .2261 don’t know what to do with it... take my loss now or wait a couple more hours/days..?
hmm i dont really hold my trades over night i tend tontrade from london to asia sometimes ny close. i like to cit my losses rather than it develop into something bigger should proce be not doing what im expecting. losses happen its part of trading. The other day i closed a trade for 12 pips i think and ut shot of in my direction for like another 50 pips or something but because price didnt do what i wanted i cut it.

other people will hold through drawdown and it will pay off.

other people will hold and loose more than they intially risked.

personally i just cut it. My stop loss is there for worse case scenario i try to cut a loss before it hits my stop liniting my losses.
  • #9,986
  • Jan 22, 2018 10:35am Jan 22, 2018 10:35am
Quoting CyanideFX
Stuck with a BUY @ .2261 don’t know what to do with it... take my loss now or wait a couple more hours/days..?
If I were you, I would keep it.
  • #9,987
  • Jan 22, 2018 10:36am Jan 22, 2018 10:36am
EUR/USD lacks momentum to move above session highs and continues to consolidate within 1.2240 – 1.2250.
  • #9,988
  • Jan 22, 2018 10:41am Jan 22, 2018 10:41am
we've had trends within this week's range, so far. These little trends have been shorter than the week's opening trends within this range. That means decreasing volatility for the very short term.

This current leg on the 15m chart is at a potential resistance point at 1.2243 area but that doesn't mean it will be repelled here.

I'm not in it since it looks too much like 50/50 and that's not good enough odds in my trading plan.
big money makes big moves and then hides during small money chasing.
  • #9,989
  • Jan 22, 2018 11:19am Jan 22, 2018 11:19am
Interesting area for some shorting
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  • #9,990
  • Jan 22, 2018 11:28am Jan 22, 2018 11:28am
Quoting mizi123
Interesting area for some shorting {image}
I shorted at 2253 hopefully catch 20 off of it
Also do you think the upcoming JPY news will have repercussions on this pair
  • #9,991
  • Jan 22, 2018 11:32am Jan 22, 2018 11:32am
Quoting carlosap1125
{quote} I shorted at 2253 hopefully catch 20 off of it Also do you think the upcoming JPY news will have repercussions on this pair
I think if somehow BOJ decides to strengthen the Yen, Eur/Usd goes up. The pulling out of Usd/Jpy should out-pace Eur/Jpy. But it is likely my analysis is wrong, lol.

What time do they release the statements? Or is it still up for grabs with regards to the timing?
  • #9,992
  • Jan 22, 2018 11:35am Jan 22, 2018 11:35am
Quoting carlosap1125
{quote} I shorted at 2253 hopefully catch 20 off of it Also do you think the upcoming JPY news will have repercussions on this pair
take care because if they don't raise rate usd/jpy will go up, on other hand these will cose drope of EUR/USD... anyway stay awake in these situation friend
  • #9,993
  • Jan 22, 2018 11:38am Jan 22, 2018 11:38am
Quoting MoneyFocus
{quote} I think if somehow BOJ decides to strengthen the Yen, Eur/Usd goes up. The pulling out of Usd/Jpy should out-pace Eur/Jpy. But it is likely my analysis is wrong, lol. What time do they release the statements? Or is it still up for grabs with regards to the timing?
Were have you get these information as soon as calendar say these:
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  • #9,994
  • Jan 22, 2018 11:40am Jan 22, 2018 11:40am
Quoting mizi123
{quote} Were have you get these information as soon as calendar say these: {image}
Timings are listed as tentative....am I missing something? Thanks.
  • #9,995
  • Edited 11:55am Jan 22, 2018 11:43am | Edited 11:55am
Quoting MoneyFocus
{quote} If I were you, I would keep it.
we 3 pips away. :o

EDIT: THere, we're at your entry, you could have made a free trade.

FWIW, I have no position on EU, although I'm short on EJ.
  • #9,996
  • Jan 22, 2018 11:47am Jan 22, 2018 11:47am
Man, they are not gonna give up till its pushed above the highs by the looks
  • #9,997
  • Jan 22, 2018 11:49am Jan 22, 2018 11:49am
Quoting mizi123
Interesting area for some shorting {image}
Broke thru 1st level, let's see what will do with next one......
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  • #9,998
  • Jan 22, 2018 11:52am Jan 22, 2018 11:52am
Quoting mizi123
{quote} Broke thru 1st level, let's see what will do with next one...... {image}
In mean time listening to these waiting for magic to happend
Inserted Video
  • #9,999
  • Jan 22, 2018 11:59am Jan 22, 2018 11:59am
MoneyFocus don't wory because im on the green side from morning today (if you refer to mee! These was just a view to respect the thred...
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  • #10,000
  • Jan 22, 2018 12:01pm Jan 22, 2018 12:01pm
Quoting mizi123
MoneyFocus don't wory because im on the green side from morning today (if you refer to mee! These was just a view to respect the thred... {image}
Lol, why would I be worried about you...

I was replying CyanideFx who was asking about his longs at 1.2261...
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