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  • #13,121
  • Feb 14, 2018 12:31pm Feb 14, 2018 12:31pm
Quoting Sean76710
{quote} Why touching 2451 would cause sell?
Profit takers
Follow my trading progress on Instagram: rags2millions
  • #13,122
  • Edited 12:47pm Feb 14, 2018 12:33pm | Edited 12:47pm
I have taken the offer at 2453. Short. SL30.
Attached Image (click to enlarge)
Click to Enlarge Name: offer.png Size: 2 KB
  • #13,123
  • Feb 14, 2018 12:51pm Feb 14, 2018 12:51pm
EURUSD - M30TF - Volume Profile - Weekly
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 135 KB


Key prices:
1) 1.25000
2) 1.24665
2) 1.2300
3) 1.2350

Order Book
Attached Image
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #13,124
  • Feb 14, 2018 12:52pm Feb 14, 2018 12:52pm
Dangerous level. Critical one. USD/CHF still didn't make new lows while new highs of EU. I just watch it for reference. EU has been exhausted or the circus will continue?
When you're not sure Short or Long - toss a coin! Chances are 50% !!!
  • #13,125
  • Feb 14, 2018 12:54pm Feb 14, 2018 12:54pm
Quoting mbrown
I have taken the offer at 2453. Short. SL30. {image}
i follow 1.24526 (sl 12 +- pip)
Attached Image
Self discipline It is a practice
  • #13,126
  • Feb 14, 2018 12:59pm Feb 14, 2018 12:59pm
Quoting v2vboni
EURUSD - M30TF - Volume Profile - Weekly {image} Key prices: 1) 1.25000 2) 1.24665 2) 1.2300 3) 1.2350 Order Book {image}

Not good for morale but the asymmetrical penultimate profile triangle gives me hope.
  • #13,127
  • Feb 14, 2018 12:59pm Feb 14, 2018 12:59pm
Just entered a short
I play the trade gamble to feed my Porsche addiction.
  • #13,128
  • Feb 14, 2018 1:01pm Feb 14, 2018 1:01pm
Quoting okshop
{quote} i follow 1.24526 (sl 12 +- pip) {image}
hit SL (a wounded puppy)
Self discipline It is a practice
  • #13,129
  • Feb 14, 2018 1:01pm Feb 14, 2018 1:01pm
You guys are putting way to much thought in this . Go back and look at any time on the chart , it is being manipulated no different than it ever was ,,mkts go up,,, they go down ,,they trend ,they dont trend ,,probably futile to put any thought to it .. Your thinking it should have done this based on this or that.. Think back when the feds 1 st started rasing the int rates ,,,,,,,well shit the eur was gonna fall right out of your monitor ,what happened,,, that basically started this whole move up ,, it was already started the,,,,, feds just accelerated it Now here it is ,, a nice H&S shoulder pattern on the daily ,is it normal for a shoulder area to be tested ,,,,,,,,yep it is ,,,,,,,,,is it normal for a head area to be tested ,yes it is ,,,can it fail ,,yes it can ,after going strait up for a year and a month do you really think it is just gonna roll over drop because every body thinks it should or its just a bullshit move come on traders ,what does a mkt do ,go s thru a level ,,retests it ,the level holds or it dont ,,with our limited resources as retailers compared to what the big dogs have is not even dust in the wind ,ride their coattails ,,,,why think at all
  • #13,130
  • Feb 14, 2018 1:01pm Feb 14, 2018 1:01pm
Is it BUY BUTTON STUCK ON SOMEONES COMPUTER? It's just keeping going up like it's no tomorrow!
  • #13,131
  • Feb 14, 2018 1:03pm Feb 14, 2018 1:03pm
Quoting okshop
{quote} hit SL (a wounded puppy)

30 pip SL. No worries. For a 12pip SL you'd need to wait for 2469.
  • #13,132
  • Feb 14, 2018 1:03pm Feb 14, 2018 1:03pm
Quoting okshop
{quote} hit SL (a wounded puppy)
Now watch it go the other way.
  • #13,133
  • Feb 14, 2018 1:03pm Feb 14, 2018 1:03pm
Quoting denisius
Is it BUY BUTTON STUCK ON SOMEONES COMPUTER? It's just keeping going up like it's no tomorrow!
IT SHOULD MAX OUT HERE 1.2465 ()
Self discipline It is a practice
  • #13,134
  • Feb 14, 2018 1:04pm Feb 14, 2018 1:04pm
I'm not worried at all. This can drop right back down into 1.23s, just have to be patient.
Follow my trading progress on Instagram: rags2millions
  • #13,135
  • Feb 14, 2018 1:14pm Feb 14, 2018 1:14pm
Quoting mbrown
I have taken the offer at 2453. Short. SL30. {image}
I hope you are correct, I joined the sell. 2462 sl 2499, tp 1.22 lol
  • #13,136
  • Feb 14, 2018 1:16pm Feb 14, 2018 1:16pm
Quoting digger1
You guys are putting way to much thought in this . Go back and look at any time on the chart , it is being manipulated no different than it ever was ,,mkts go up,,, they go down ,,they trend ,they dont trend ,,probably futile to put any thought to it .. Your thinking it should have done this based on this or that.. Think back when the feds 1 st started rasing the int rates ,,,,,,,well shit the eur was gonna fall right out of your monitor ,what happened,,, that basically started this whole move up ,, it was already started the,,,,, feds just accelerated...

Got you! Allow me to paraphrase:

Digger:

  1. Successful trading is nothing more than higher highs & higher lows or lower highs and lower lows; and outstanding levels of support and resistance.
  2. Avoid small time frames because they obscure number 1 above.
  3. Price tends to move to support/resistance and stops or breaks through. Broken support/resistance becomes new resistance/support.
  4. Therefore, the focus should be on finding outstanding levels of support and resistance.
  5. Use stop-losses that allow the price to move in the normal cause of price action without you being stopped out.
  6. Use profit targets based on support and resistance .

Digs, correct me if I'm wrong.

Anyway, whatever. I agree, I think it is too easy to drift off in our trading and forget the fundamentals which make trading much easier. Thank you for drumming this message home.

  • #13,137
  • Feb 14, 2018 1:18pm Feb 14, 2018 1:18pm
Quoting okshop
{quote} IT SHOULD MAX OUT HERE 1.2465 ()
lol since it was mentioned earlier today,,, think tht was mentioned when it gapped above 1.08 , 1600 pips ago,,, sure it was muttered a few times then too
  • #13,138
  • Feb 14, 2018 1:25pm Feb 14, 2018 1:25pm
Quoting mbrown
{quote} Got you! Allow me to paraphrase: Digger: Successful trading is nothing more than higher highs & higher lows or lower highs and lower lows; and outstanding levels of support and resistance. Avoid small time frames because they obscure number 1 above. Prive tends to move to support/resistance and stops or breaks through. Broken support/resistance becomes new resistance/support. Therefore, the focus should be on finding outstanding levels of support and resistance. Use stop-losses that allow the price to move in the normal cause of price action...
pretty well sums it up,, one little side note to throw in some where,,, never assume when it cones to the mkt ,, assumption can be the mother of all f&%k ups when it comes to your acxt
  • #13,139
  • Feb 14, 2018 1:30pm Feb 14, 2018 1:30pm
Quoting digger1
{quote} pretty well sums it up,, one little side note to throw in some where,,, never assume when it cones to the mkt ,, assumption can be the mother of all f&%k ups when it comes to your acxt
Well that's the hardest part. Separating the assumptions after the trade is placed from the facts.
  • #13,140
  • Feb 14, 2018 1:32pm Feb 14, 2018 1:32pm
I think I figured why it's happening! It's not much Euro going up its ALOT of dollar sell. Look at today's CPI - Boom numbers exploded compared to expectations. Now what it means? It means interests are going up higher way quicker than any one would projected. Tax cuts did exactly what Trump planned. Inflation will rise this year. Big time. Hell my paycheck got bigger. Everyone felt it. Market makers just unloaded tons of dollars to push it lower in order to buy it better on next data and balance with higher interest. That's it fundamentals 101. It's big news everyone was expecting, first reaction was proper then makers comes in play. The question right now is " how far down is enough " . I have been stupid enough to join party sellers too but honestly I would let it find bottom/top first before entering. My 2 cents.....
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