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EURUSD only

  • #12,301
  • Feb 8, 2018 5:59am Feb 8, 2018 5:59am
See what NY does here, could get an opportunity at a better entry to long, or it could just go up straight off.
  • #12,302
  • Feb 8, 2018 6:00am Feb 8, 2018 6:00am
Quoting Starcraftmaz
See what NY does here, could get an opportunity at a better entry to long, or it could just go up straight off.
Buy when it really looks like going down.. buyers need sellers ;-)
Trouble lies in what we believe to know for sure that just ain't so.
  • #12,303
  • Feb 8, 2018 6:04am Feb 8, 2018 6:04am
Quoting corrman
I found my stupid error, now I have to work hard to recoup some losses.....again.... remember to zoom out and not miss the forest for the trees, and maybe don't try to trade when trying to recover from a cold, and don't trade like me... {image} {image}
You found your error. Excellent work corrman. I really believe that is most important to be successful in this business. Knowing what NOT to do.

But alas, I keep learning new lessons each day how to lose money to the market
Ecclesiastes 1:9
  • #12,304
  • Feb 8, 2018 6:07am Feb 8, 2018 6:07am
In my honest opinion, EU has reversed exactly at 38.2 ,a clear indication of long term trend resumption. Wave 5 in progress until 1.2598 at least. Iam going to long any retracement. Just my 2 cents. Pic has been posted before.
STING
  • #12,305
  • Feb 8, 2018 6:08am Feb 8, 2018 6:08am
I've made them all mutliple times, and I'm creative, so I've made mistakes no one would ever think would be possible...

long here looking for measured move, essentially twice the move that's been made up from the low so far, big target, but needs a lot more follow thru
big money makes big moves and then hides during small money chasing.
  • #12,306
  • Feb 8, 2018 6:10am Feb 8, 2018 6:10am
Miss the moved due to unnecessary distractions!


BUT my demo micro longs are in net profit....whoppeeeee!!!!!! Oh what will I spend all that demo money on?

EURUSD: No idea right now. I'm expecting either 2316 or 2200 to be hit but I can see no setups at present. Should the price go back to 2258 and be rejected I'd look for long setups but move SL to BE quickly (better a 1 pip gain that a loss). Will go short immediately if given a signal from the bad boy in the pic below, that sell produced 100 pips and was also the start of a feud with a jealous hater:

Quoting mbrown
{quote} Cheers. I'm bearish! I'll never trade against this short. I won't be castrated yet gain! {image}
Attached Image (click to enlarge)
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Attached Image
  • #12,307
  • Feb 8, 2018 6:12am Feb 8, 2018 6:12am
Quoting stringfx
In my honest opinion, EU has reversed exactly at 38.2 ,a clear indication of long term trend resumption. Wave 5 in progress until 1.2598 at least. Iam going to long any retracement. Just my 2 cents. Pic has been posted before.
Would be interested in your chart, my 38.2 is at 1.216 (which is oddly also an important support).
  • #12,308
  • Feb 8, 2018 6:15am Feb 8, 2018 6:15am
Quoting corrman
I've made them all mutliple times, and I'm creative, so I've made mistakes no one would ever think would be possible... long here looking for measured move, essentially twice the move that's been made up from the low so far, big target, but needs a lot more follow thru
Taking losses is part of the game. Making same mistake is not. Write a "Not to-do's list and read it every morning before you open your trading platform. I have been doing this every day, even on weekends. Kind of like when athletes prepare for the game, they stretch. This is my morning mental stretch.
Ecclesiastes 1:9
  • #12,309
  • Feb 8, 2018 6:18am Feb 8, 2018 6:18am
good idea, review is important, impatience is not good

I just decided to stop worrying, it's just an added stress and whatever is going to happen will if I worry or not, I need some relief...

only a little follow thru here so far, some chop but I'm risking holding thru US open, I have a stop, I have some skill, I'll let it do it's thing
big money makes big moves and then hides during small money chasing.
  • #12,310
  • Feb 8, 2018 6:21am Feb 8, 2018 6:21am
Pending short @ 1.2309
  • #12,311
  • Feb 8, 2018 6:23am Feb 8, 2018 6:23am
I do not trade this signal but use it as a price indicator.

The short signals have a winning percentage of 82% with PF 4.58 BUT the signal often appears at the penultimate price peak so I'm waiting for a secondary model to confirm entry although I feel relatively confident the price is going down. BUT I COULD BE WRONG!
Attached Image (click to enlarge)
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  • #12,312
  • Feb 8, 2018 6:25am Feb 8, 2018 6:25am
so I decided that since this moved up to that prior pivot and I recouped my loss, and US market opens in 7 minutes, that I would play it safe and exit

I think I'll just shut up and trade and stop whining like a little b* since I already recouped loss I was whining about, I have more ability than I give myself credit for

I'd like to see some pullback after price makes it over this pivot and action calms down from US open, GL
big money makes big moves and then hides during small money chasing.
  • #12,313
  • Feb 8, 2018 6:28am Feb 8, 2018 6:28am
Looking for false breakout at 1.2295
  • #12,314
  • Edited 6:45am Feb 8, 2018 6:34am | Edited 6:45am
I'm short. Hoping for a big one.

14:37:- Moved stop to BE+1. I can always reenter. If the price doesn't surge down I'd prefer to wait for a higher entry.

14:41:- So far so good. Needs more momentum down. It either falls like a rock or it will probably have to build more time to 16:00GMT before a drop. I could be wrong.
Attached Image (click to enlarge)
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  • #12,315
  • Feb 8, 2018 6:41am Feb 8, 2018 6:41am
I think I've had enough even tho it's early, need to hydrate and kill this cold, here's what I did today, GL
Attached Image (click to enlarge)
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big money makes big moves and then hides during small money chasing.
  • #12,316
  • Feb 8, 2018 6:54am Feb 8, 2018 6:54am
Closed most of the short for 10ish pips because it looks like price needs to build time to 16:30 GMT if it is to drop further.
  • #12,317
  • Feb 8, 2018 6:57am Feb 8, 2018 6:57am
Average daily range (5 days) is 128 pips. Right now we have 83 pips. 45 pips missing. So be careful with selling.
  • #12,318
  • Feb 8, 2018 7:01am Feb 8, 2018 7:01am
Quoting mbrown
Closed most of the short for 10ish pips because it looks like price needs to build time to 16:30 GMT if it is to drop further.
pretty slick, I wasn't considering a short there
big money makes big moves and then hides during small money chasing.
  • #12,319
  • Feb 8, 2018 7:03am Feb 8, 2018 7:03am
Quoting corrman
{quote} pretty slick, I wasn't considering a short there
No worries. You are clearly doing all the right things!!! (p.s. I mean this, it isn't sarcasm)


15:05:- It isn't going to build time, I need to add to the shorts at 2286 (if I get the chance!!!)
  • #12,320
  • Feb 8, 2018 7:05am Feb 8, 2018 7:05am
Update
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