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EURUSD only

  • #12,321
  • Feb 8, 2018 9:15am Feb 8, 2018 9:15am
I'm having a hard time believing that the spike and channel up that I just successfully traded is being bearishly engulfed.

That's why I'm not short in it, I don't think I can change my bias on the day that many times...

I see big divergence between U/J & E/J contributing to this move, so maybe it's related more to strong USD for a fundamental reason rather than pure TA at this point, it happens, right?
big money makes big moves and then hides during small money chasing.
  • #12,322
  • Feb 8, 2018 9:17am Feb 8, 2018 9:17am
one bullish observation here, 2 leg pullback to the top of the spike up, which is a pullback against the weaker move up of the channel, but I can't get myself to trade it at this time GL
big money makes big moves and then hides during small money chasing.
  • #12,324
  • Feb 8, 2018 9:22am Feb 8, 2018 9:22am
Quoting corrman
I don't think I can change my bias on the day that many times.
It's like pulling your own teeth. I certainly did not find it easy to enter a short at that level. Though, in truth the harder it is for me to pull the trigger, the more profitable the trade tends to be.
  • #12,325
  • Feb 8, 2018 9:25am Feb 8, 2018 9:25am
Quoting Traderview
Pending short @ 1.2309
Didnt hit. We'll try another spot
  • #12,326
  • Feb 8, 2018 9:32am Feb 8, 2018 9:32am
For me at least, it is important to protect capital by trailing stops and moving stops to BE early. You may have a number of trades that take small losses and small profits but if the setup is right eventually a trade will be in a position to let profits run. Small losses and small profits is good provided they have been generated for capital protections reasons in the pursuit of a few trades that run.


15:40:- final position stopped out at 2365. I'll take it! Looking for the next setup.
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  • #12,327
  • Feb 8, 2018 9:37am Feb 8, 2018 9:37am
Quoting Starcraftmaz
{quote} Would be interested in your chart, my 38.2 is at 1.216 (which is oddly also an important support).
Here is my picture. IMHO this is the beginning of the 5 th wave of major wave 5. it has already done 38.2 % of the 3rd minor wave (which is a usual wave minor wave 4). Now on route to minor wave 5 which could end at 38.2 (minimum) expansion of the up move so far on major wave 5 to 1.2598 minimum. Hope it's clear.
Since it's a forex market and anything can happen please apply caution to your trades and do not take this as gospel. Just my 2 cent view.
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STING
  • #12,328
  • Feb 8, 2018 9:40am Feb 8, 2018 9:40am
target for the expansion.
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STING
  • #12,329
  • Feb 8, 2018 9:56am Feb 8, 2018 9:56am
Quoting okshop
EU H4 {image}
Am still using my H4 range play till it breaks.
Attached Image
Self discipline It is a practice
  • #12,331
  • Edited 12:50pm Feb 8, 2018 10:13am | Edited 12:50pm
SHORT TERM OUTLOOK


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  • #12,332
  • Feb 8, 2018 10:30am Feb 8, 2018 10:30am
Quoting okshop
{quote} Am still using my H4 range play till it breaks. {image}
close. going for supper black coffee
Attached Image
Self discipline It is a practice
  • #12,333
  • Edited 10:56am Feb 8, 2018 10:37am | Edited 10:56am
Stopped out at 2449 2249. I'll take it.

I'm really the regular scammer, conman and bluffer.

Looking for the next setup.


16:41: The first long signal in a while but I don't have the balls to take it!!!
  • #12,334
  • Feb 8, 2018 10:43am Feb 8, 2018 10:43am
Quoting mbrown
Stopped out at 2449. I'll take it. I'm really the regular scammer, conman and bluffer. Looking for the next setup.
mbrown...I am new here...what do you mean by the 2449? Is it pips gained? is it $24.49?
  • #12,335
  • Feb 8, 2018 10:56am Feb 8, 2018 10:56am
Quoting Iancarney082
{quote} mbrown...I am new here...what do you mean by the 2449? Is it pips gained? is it $24.49?
Typo. 2249.
  • #12,336
  • Feb 8, 2018 10:57am Feb 8, 2018 10:57am
Quoting newbegger
My T/P got hit last night, I had market bracketed and actually thought it would go UP and I add be adding to shorts. Anyway, went back in shorts at 1.2271. No target yet as I have errands to run, SL above 1.2323.
Moving SL to 1.2288 now and still no TP. I see stocks are tanking now so this pair should be grinding lower all day. More errands to run so not cutting profits, let it go.
Ecclesiastes 1:9
  • #12,337
  • Feb 8, 2018 10:59am Feb 8, 2018 10:59am
Quoting mbrown
Stopped out at 2449 2249. I'll take it. I'm really the regular scammer, conman and bluffer. Looking for the next setup. 16:41: The first long signal in a while but I don't have the balls to take it!!!
Lol,,, you need to move to a 90 min chart,,,,,,,,,,then you catch the half hour bar that counts
  • #12,338
  • Feb 8, 2018 11:04am Feb 8, 2018 11:04am
Quoting digger1
{quote} Lol,,, you need to move to a 90 min chart,,,,,,,,,,then you catch the half hour bar that counts
Did you mean 30 min chart?

I'll investigate. It's clear I'm leaving too much on the table. Hmmm...then again, I've made a good amount of pips today. All trades with low risk.
  • #12,339
  • Feb 8, 2018 11:05am Feb 8, 2018 11:05am
Done for the day. Made very very very good money from other pairs.

See you guys tomorrow
  • #12,340
  • Feb 8, 2018 11:09am Feb 8, 2018 11:09am
Gets rid of a lot of noise plus you can still trade the half hour chart,,,,,,,,and half all kinds of fun and be relatively safe,,,,, the 3 bar reversals around main support resistance levels are main stays to an acct if you like it increasing . At the end of the day you will still be going the right way with the trend for the day for a new high or new low etc
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