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  • #1,140,161
  • Jan 23, 2018 12:40pm Jan 23, 2018 12:40pm
Quoting mbrown
{quote} 1. Margin requirement will be increased but the level, who knows. It is clear this is the political intent for whatever reason. It is good for noobs and bad for experienced traders; noobs may actually survive long enough to learn how to trade, experienced traders cannot fully exploit their COSTLY market education via the use of generous leverage 2. European jurisdiction over brokers or the citizen?. Well that is the big question. If it is broker level we can trade via Cyprus, Australia etc; if it is citizen level then the brokers not meeting...
Hello mbrown,

I think you're right. The state regulates the brokers because of the customer protection. Is also good in part, as many brokers and self-proclaimed trainers have advertised huge profits. This entices a beginner to high stakes in ineffective investments such as binary options. If the brokers in the future increase the margin requirements, increase spreads and charge additional costs for guaranteed stops, the professionals will only trade futures. That should be the future of all traders anyway, as the prices in the cash market are too expensive anyway.

Beautiful evening
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #1,140,162
  • Jan 23, 2018 12:55pm Jan 23, 2018 12:55pm
Quoting Bionics
{quote} Hello mbrown, I think you're right. The state regulates the brokers because of the customer protection. Is also good in part, as many brokers and self-proclaimed trainers have advertised huge profits. This entices a beginner to high stakes in ineffective investments such as binary options. If the brokers in the future increase the margin requirements, increase spreads and charge additional costs for guaranteed stops, the professionals will only trade futures. That should be the future of all traders anyway, as the prices in the cash market...
True. I better dust off my Interactive Brokers account in case!
  • #1,140,163
  • Edited 9:28pm Jan 23, 2018 8:53pm | Edited 9:28pm
For those of you interested in longer time frame trading, the BuySellArrow indicator provided by Suthmo (yes the one who gave me the hey buddy bugger off speech) has been a spectacularly successful tool in harnessing large pip gains. The daily chart provided below shows the entry at 1.1813 - yielding a 500 pip gain to date. I continue to add longs as the trend matures. Not sure how much further the bull run has to go, but the trend is comfortably above the 50 period EMA and the QQE remains positively disposed to long positions for now.
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  • #1,140,164
  • Jan 24, 2018 12:30am Jan 24, 2018 12:30am
Quoting Vitallica
For those of you interested in longer time frame trading, the BuySellArrow indicator provided by Suthmo (yes the one who gave me the hey buddy bugger off speech) has been a spectacularly successful tool in harnessing large pip gains. The daily chart provided below shows the entry at 1.1813 - yielding a 500 pip gain to date. I continue to add longs as the trend matures. Not sure how much further the bull run has to go, but the trend is comfortably above the 50 period EMA and the QQE remains positively disposed to long positions for now. {image}

@Veltica - what time frame are you using for this strategy
  • #1,140,165
  • Jan 24, 2018 2:59am Jan 24, 2018 2:59am
Quoting gabbyndu
{quote} @Veltica - what time frame are you using for this strategy
I trade the daily. I know in relative terms compared to the strategies most users on the forum are discussing it is longer term.

There are obviously a lot of scalping opportunities on the shorter time frames, and many of the contributors here are experts at their techniques. I prefer a longer time frame as I have moved into full time trading. In order to beat the brokers I found the only thing that works for me is to have a very high margin level to combat spread flex.

One of my brokers regularly flex the EURUSD spread from 12 to 80 - not as bad as their antics on GBPNZD which between the US and Asian sessions runs spreads from 20 to 300; I assume they do this to take advantage of their knowledge of trader's positions, so I trade without stops; using the high margin as financial altitude to make their games irrelevant to me.
  • #1,140,166
  • Jan 24, 2018 3:00am Jan 24, 2018 3:00am
told ya.. if anyone cared to listen.

https://www.forexfactory.com/showthr...9#post10685419
https://www.forexfactory.com/showthr...3#post10697183


V
Precise Execution!
  • #1,140,167
  • Jan 24, 2018 3:04am Jan 24, 2018 3:04am
looking at 1.2380 target...

Plenty pips to all!
Follow the Flow and Grow
  • #1,140,168
  • Jan 24, 2018 3:34am Jan 24, 2018 3:34am
Really why stop there, 1.24 before ECB!
  • #1,140,169
  • Jan 24, 2018 3:39am Jan 24, 2018 3:39am
Quoting FlowCycler
looking at 1.2380 target... Plenty pips to all!
To be safe I'm looking @ 1.2377.

The USD Index has surrendered to yet more selling pressure and is below layered chart supports under 90.000 and now looking at 89.370 to potentially arrest the slide before the next round number. EUR/USD has probed a bit further beyond 1.2300 to 1.2345, but displaying some caution ahead of tomorrow’s ECB meet and a Fibonacci level at 1.2377.
  • #1,140,170
  • Jan 24, 2018 3:59am Jan 24, 2018 3:59am
Quoting mbrown
{quote} I have absolutely no idea about this. If I was a swing trader I'd be long and hold for at least six months but I'm not so will just trade whatever price tells me on Monday. I won't give the shutdown a second thought after I've drawn the lines on the chart.

Told ya too!
  • #1,140,171
  • Edited 8:23am Jan 24, 2018 4:24am | Edited 8:23am
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As already reported. USDX is in a strong downtrend. I'm waiting for a EURUSD long micro cycle and will post when it appears.

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10:24 : Likely long opportunity present BUT I waiting for a larger retrace.
  • #1,140,172
  • Jan 24, 2018 4:25am Jan 24, 2018 4:25am
Quoting Vitallica
For those of you interested in longer time frame trading, the BuySellArrow indicator provided by Suthmo (yes the one who gave me the hey buddy bugger off speech) has been a spectacularly successful tool in harnessing large pip gains. The daily chart provided below shows the entry at 1.1813 - yielding a 500 pip gain to date. I continue to add longs as the trend matures. Not sure how much further the bull run has to go, but the trend is comfortably above the 50 period EMA and the QQE remains positively disposed to long positions for now. {image}
There is negative side of adding positions when market moves in ones direction- retracement. Sometimes when retracement starts the new positions would be in loss. In that case you have used part of the profit of the earlier positions for loss. Just my take. I use to trade like that before now. Never again. Don't be offended by the post
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,140,173
  • Jan 24, 2018 4:44am Jan 24, 2018 4:44am
Quoting 9jatrader
{quote} There is negative side of adding positions when market moves in ones direction- retracement. Sometimes when retracement starts the new positions would be in loss. In that case you have used part of the profit of the earlier positions for loss. Just my take. I use to trade like that before now. Never again. Don't be offended by the post
This is going back a while but I once blew an account trading like that HOWEVER I made the mistake of using equity for position sizing!!! It was over in a flash!


Anyway, I was up all night working on Soothsayer, which works on all timeframes and all pairs. So attempting to combined outputs to escape being caught on the wrong side of the trend. Chart of GBPNZD while we wait for more EURUSD upside movement.
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  • #1,140,174
  • Jan 24, 2018 4:45am Jan 24, 2018 4:45am
Good day,

If I can hold it together through today - we should see some selling tomorrow. I will not short EU at present - as I am focussing on Swissy long...
We Can
  • #1,140,175
  • Edited 8:22am Jan 24, 2018 4:52am | Edited 8:22am
Sooth' reckons it's a sustained up move on the daily. But clearly it could be wrong. Not sure about the USDCHF, I have many EOD test systems longing it heavily but 5min Sooth' is down trend mode.
  • #1,140,176
  • Jan 24, 2018 4:55am Jan 24, 2018 4:55am
Quoting mbrown
{quote} This is going back a while but I once blew an account trading like that HOWEVER I made the mistake of using equity for position sizing!!! It was over in a flash! Anyway, I was up all night working on Soothsayer, which works on all timeframes and all pairs. So attempting to combined outputs to escape being caught on the wrong side of the trend. Chart of GBPNZD while we wait for more EURUSD upside movement. {image}
Thanks for sharing your mistakes also. We already known that greed is great account killer. My trading improved when when I decided to stay away from greed, that's staying away from adding positions when it moves in my direction. I hold on to the position. When the threat of reversal occurs I have a very long rope to escape with my profit. Those who keep adding positions would learn in the long run.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,140,177
  • Jan 24, 2018 5:04am Jan 24, 2018 5:04am
Quoting mbrown
Sooth' reckons it's a sustained up move on the daily. But clearly it could be wrong. Not sure about the USDCHF, I have many test systems longing it heavily but 5min Sooth' is down trend mode. {image}
Going bullish on USDCHF at this time?? Don't fight strong trend. Also check the negative correlated pairs, EURUSD , AUDUSD,and NZDUSD
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,140,178
  • Edited 5:44am Jan 24, 2018 5:12am | Edited 5:44am
Quoting 9jatrader
{quote} Going bullish on USDCHF at this time?? Don't fight strong trend. Also check the negative correlated pairs, EURUSD , AUDUSD,and NZDUSD

I hear you. They're just TEST systems running on a demo so I'm scratching my head over the long accumulation but I will allow them to run so I can get the data.

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11:19 - Okay, so we are now in the trend reversal zone. It shouldn't be long now.

----------------------------------------------------------------
11:30: I've gone long SL @ 20 pips will trail.
-------------------------------------------------------------

11:34: My SL is less than 20 pips as you can see. Natural delays between placing trade and posting.
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11:36: SL - BE +1 Now, it is time for bed as being up for a straight 32 hours working on this stuff. I will leave the trade, who knows I may have secured a seat on a major extension. Using Sooth', the trade size can be anus twitchingly large because often only a 1-2 pip SL is needed. If you prefer a PT: 2350 & SL: 2329.

Green pips all!!!
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  • #1,140,179
  • Jan 24, 2018 5:42am Jan 24, 2018 5:42am
Quoting mbrown
---------------------------------------------------------------- 11:30: I've gone long SL @ 20 pips will trail. ------------------------------------------------------------- 11:34: My SL is less than 20 pips as you can see. Natural delays between placing trade and posting. ---------------------------------------------------------------------------------------------------------------- 11:36: SL - BE +1 Now, it is time for bed as being up for a straight 32 hours working on this stuff. I will leave the trade, who knows I may have secure a seat on a...
All time frames showing bullish. USD is trash for now. Grab it as it's hot
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #1,140,180
  • Edited 9:16am Jan 24, 2018 7:41am | Edited 9:16am
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2416 is the short offer that can't be refused with a 30 pip SL.

85% probability of today's close being less or equal to 2369. Hmmm...prepping for shorts.

Taking a short while price is just above the median line is poor trade placement. Price will have to go to the upper median line, and show rejection and sooth confirmation, or below the line (at A) before I consider pulling the trigger, common sense is required . I like small stop-losses. We mustn't forget we are in a strong uptrend, just look at the angle of those yellow lines.


As I mentioned in the previous post 2416 offers generous R:R but there are no guarantees because R:R comes from many trades of the setup.

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We are in the reversal zone.

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Confirmed reversal. Gone short, SL +1 above high...small position as counter trend.

Trade scratched -1 pip. SL to large for my liking and not close enough to the upper median line.

Now short at 2388.

Took a couple more.

15:04: Stopped out. Counter trend, small stop losses, small position, net green pips today...all part of the business. All eyes on 2416.

If there wasn't an 85% probability of a close below 2369 I wouldn't consider shorting this market. The 85% thing is a relatively rare setup so I trade it everytime it appears. So I will continue to look for short entries although it is against my better judgement since this is an uptrending market but system plays have to be taken whenever they appear otherwise the long-run expected value is impacted because sometimes the setups delivers 200+ pips in one pop, that is very unlikely to happen today.

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Reversal zone again but unconfirmed as yet. I hope it doesn't get confirmed because the short trading I am not enjoying or finding it easy to pull the trigger. Update shortly.

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Unfortunately, reversal confirmed. Gone short @ 23904. Position size is 1/3 of the long trades for obvious reasons plus I am in no mood to end the day with red pips.

I'm sure all traders have been there or are still there, you work your ass off all day piling the pips, confidence growing and discipline declining until towards the end of the day you start to screw up your edge and the pile of pips becomes a valley of red pips; followed by an extra four hours added to the working day trying to get the pile back, only to see the valley get deeper. This is not for me.
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