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  • #20,521
  • May 2, 2018 3:54pm May 2, 2018 3:54pm
EU H4 Renko Chart
Temporary retracement buy to 1.20145 and go back to sell following the trend again
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forex is better than cryptocurrency, trust me.
  • #20,522
  • May 2, 2018 4:00pm May 2, 2018 4:00pm
big sellers don’t want to book their profit at the end oF NY SESSION do they beleive to more drop
it is not good signal for buying
but over sold by RSI. in h4 and even daily chart is obvious
  • #20,523
  • May 2, 2018 4:10pm May 2, 2018 4:10pm
what we saw today.
regards,
goma
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  • #20,524
  • May 2, 2018 4:37pm May 2, 2018 4:37pm
Interesting comments on Daytrading..

Many years ago someone once pointed out the bloody obvious to me...

1. Did you get into trading to be tied to a screen staring at bloody 5 min charts all day trying to scalp off a few pips only to give them back and more on losing trades.
2. Are you successfully making a living trading the way you are now or at least being so consistent in your tradingp that your track record is building and in time others will want you to be their investment manager

If you can answer Yes to the above...carry on doing what you are doing

if the answer is no...stop doing what you are doing and re-evaluate because you are only fooling yourself

I stopped posting trades in here sometime ago as the thread at the time was heavily populated with scalpers...

Where price currently resides is where I targeted with entries placed above 1.24 and 1.25.

Why kill yourself trying to “scalp a few pips off” when you can take a positional trade and “scoop the f*****g lot”.
  • #20,525
  • May 2, 2018 5:13pm May 2, 2018 5:13pm
Thursday Outlook

  1. Marking 1.1933 as nearest support... next would be 1.1903
  2. Breakout target for bulls: 1.2030

Stay Green

Focus only on what truly matters!
  • #20,526
  • May 2, 2018 5:26pm May 2, 2018 5:26pm
Quoting Ata-Turkoglu
Thursday Outlook Marking 1.1933 as nearest support... next would be 1.1903 Breakout target for bulls: 1.2030 Stay Green
What would your current sentiment be Sir? I know it’s been a crazy ridiculous NY session.
Zip
  • #20,527
  • May 2, 2018 5:36pm May 2, 2018 5:36pm
Currently no sign the bear taking a break....

Pending sell @ 1950, SL 1960. Cheers.
  • #20,528
  • May 2, 2018 5:39pm May 2, 2018 5:39pm
Quoting Piptaker64
{quote} What would your current sentiment be Sir? I know it’s been a crazy ridiculous NY session.
I want to see the greedy bears pushing all potential lows first.. I also want to point out that he daily chart dropped inside a steep descending channel nicely for the last 10 days roughly.. Based on Thursday's support area 1.1903 level I will try buying each time price nears these lows.. If not and price goes directly up without any swing lows then I will still buy carefully and sell carefully depending on momentum..

To summarize my bias depending on Frankfurt opening price might be bullish if price is already into the 1.1930 to 1.1900 zone.. If it is above I might wait.. So must see Frankfurt first..

For those who are long-term positioned below I am re-sharing my monthly levels..

Stay Green
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Focus only on what truly matters!
  • #20,529
  • May 2, 2018 5:59pm May 2, 2018 5:59pm
For you Fib Freaks, 1.19367 is the 61.8 retracement of the Nov low to Feb high.
  • #20,530
  • May 2, 2018 6:01pm May 2, 2018 6:01pm
Quoting Ata-Turkoglu
{quote} I want to see the greedy bears pushing all potential lows first.. I also want to point out that he daily chart dropped inside a steep descending channel nicely for the last 10 days roughly.. Based on Thursday's support area 1.1903 level I will try buying each time price nears these lows.. If not and price goes directly up without any swing lows then I will still buy carefully and sell carefully depending on momentum.. To summarize my bias depending on Frankfurt opening price might be bullish if price is already into the 1.1930 to 1.1900...
Thank you, Ata.
Zip
  • #20,531
  • May 2, 2018 6:40pm May 2, 2018 6:40pm
Quoting FXClarity
Interesting comments on Daytrading..
Why kill yourself trying to “scalp a few pips off” when you can take a positional trade and “scoop the f*****g lot”.
Glad to hear from you again, many thanks for your recommendations in practice, sir. I'm working on changing my approach.

Thanks also to Ata (and the rest of the "family") for this great thread.
  • #20,532
  • May 2, 2018 7:58pm May 2, 2018 7:58pm
Quoting FXClarity
Interesting comments on Daytrading.. Many years ago someone once pointed out the bloody obvious to me... 1. Did you get into trading to be tied to a screen staring at bloody 5 min charts all day trying to scalp off a few pips only to give them back and more on losing trades. 2. Are you successfully making a living trading the way you are now or at least being so consistent in your tradingp that your track record is building and in time others will want you to be their investment manager If you can answer Yes to the above...carry on doing what you...
Good points. Definitely less stressful and less monitoring required to swing trade big moves. My only reservation gunning for bigger moves is that it takes a few weeks to play out. If I'm on the wrong side, I will only know after a few weeks.

Noticed you tend to accumulate positions in a range and at levels even when price pushed further up. In order to do that, that kinda means you must manage risk well and be confident of the direction. Otherwise, it becomes a huge risk? But also noticed you book profits when price hits certain levels.

Actually curious as to how does one accurately identify a potential big 300 - 400 pips move as you had pointed out?
  • #20,533
  • May 2, 2018 8:52pm May 2, 2018 8:52pm
Quoting nathaniel
{quote} Good points. Definitely less stressful and less monitoring required to swing trade big moves. My only reservation gunning for bigger moves is that it takes a few weeks to play out. If I'm on the wrong side, I will only know after a few weeks. Noticed you tend to accumulate positions in a range and at levels even when price pushed further up. In order to do that, that kinda means you must manage risk well and be confident of the direction. Otherwise, it becomes a huge risk? But also noticed you book profits when price hits certain levels....

Hi nathaniel,

i am no guru, but i try and learn from the more experienced traders here.

Try playing with the daily charts, and look for entries in the lower time frames 5 min chart ???

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  • #20,534
  • May 2, 2018 9:59pm May 2, 2018 9:59pm
Quoting Not-KPMG
{quote} I have some ball(s). Sadly i RARELY LISTEN TO MYSELF Damn I meant if 1.2015 holds will be up to 2130....and more. Let's see....Just pushing low..... closing few short... Patience . Take care folks {image}
that ‘photo’ of yourself is so not how I pictured you (and I say that without having had any picture of you in mind)
Hope for the best, prepare for the worst.
  • #20,535
  • May 2, 2018 9:59pm May 2, 2018 9:59pm
Quoting FXClarity
{quote} My advice? ..Remove the indicators...Oversold / Overbought...Overused and unreliable.
Depends on your timeframe in my opinion. I switched from daily to weekly rsi and combined with stacking and my other analysis it has done wonders for my trading (probably because I was prone to entering too early).
Ps I’ve lost track – at what level did you last close any of your EU positions? I assume you are still holding some for 1.191 and lower?
Hope for the best, prepare for the worst.
  • #20,536
  • May 2, 2018 10:08pm May 2, 2018 10:08pm
Places sell order 1.19860 sl 20 pip
IF U DONT KNOW DOES NOT MEAN IT DOES NOT EXIST
  • #20,537
  • May 2, 2018 10:40pm May 2, 2018 10:40pm
Will book 1.19620 and then again sell littill upward for new day low
IF U DONT KNOW DOES NOT MEAN IT DOES NOT EXIST
  • #20,538
  • May 2, 2018 10:56pm May 2, 2018 10:56pm
will add 1 more if i again get price to 1.19837 b4 1.19620 or will book
IF U DONT KNOW DOES NOT MEAN IT DOES NOT EXIST
  • #20,539
  • May 2, 2018 11:02pm May 2, 2018 11:02pm
Quoting fasttrade1
Places sell order 1.19860 sl 20 pip
modify sl 1.19880 just 2pip risk
IF U DONT KNOW DOES NOT MEAN IT DOES NOT EXIST
  • #20,540
  • May 2, 2018 11:08pm May 2, 2018 11:08pm
Quoting 4experience
long 1.1944 SL 1.1932 Up then down then up is a very good way to chase the stop loss and steal liquidity . We can expect a big up .

closeD 1.1980
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