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EURUSD only

  • #22,001
  • May 16, 2018 4:46am May 16, 2018 4:46am
Quoting TudorIoan
{quote} Thanks, but my longs tight stops got hit twice today
Quoting TudorIoan
{quote} Sold 1825 for 20pps
Done. Closed big volumes for BE!
Nice big zero. Wasted day!
So, closed partially big volumes to recover, now let run to the next target 1780(greed)
Member
  • #22,002
  • May 16, 2018 4:47am May 16, 2018 4:47am
Remember: 1.1795 level is daily big channel bottom.. get ready to see some bulls kicking in.. could be a profitable buy opportunity.. look for bullish evidence first.. good luck..

Stay Green
Focus only on what truly matters!
  • #22,004
  • May 16, 2018 4:51am May 16, 2018 4:51am
Quoting jusstin911
Something is wrong.. that spike is missing.. since when RB allow price in one steep direction? just too good if you ask me At this moment, I will be looking to snatch a BUY when it pops Happy Trading Gang
Simple pump and dump my friend. $ has high interest and Long $ becomes Carry Currency. They simply needed higher price to set their positions
Instagram - FX_ELITE_Europe | In Search of #BIG_R | Need No Small Pips
  • #22,005
  • Edited 8:21am May 16, 2018 4:51am | Edited 8:21am
Quoting jusstin911
Something is wrong.. that spike is missing.. since when RB allow price in one steep direction? just too good if you ask me At this moment, I will be looking to snatch a BUY when it pops Happy Trading Gang

Absolutely everything in the markets is wrong, but you must trade WHAT YOU SEE.
Perfect example of having an opinion and being forced to trade against opinion, because what I see is the total opposite from my opinion.
Never have a bias, trade what you see. It does not need to "make sense" all the time.
When the damn thing "should" go up but it goes down, trade down. Common sense.
Opinions don't earn you any money, unless you are a TV forecaster.
It's the price, and only the price, that demands action. Never the bias, never the opinion.

There is no truth.
you are not expected to understand this
  • #22,006
  • May 16, 2018 4:55am May 16, 2018 4:55am
Quoting Teek
{quote} Absolutely everything in the markets is wrong, but you must trade WHAT YOU SEE. Perfect example of having an opinion and being forced to trade against opinion, because what I see is the total opposite from my opnion. Never have a bias, trade you see. It does not need to "make sense" all the time. When the damn thing "should" go up but it goes down, trade down. Common sense. Opinions don't earn you any money, unless you are a TV forecaster. It's the price, and only the price, that demands action. Never the bias, never the opinion. There is...
Couldn't agree more.

It's taken me 5+ years (and a couple of accounts) to fully comprehend this. It takes quite a lot to trade against your instincts, but I agree with everything that Teek says here.

Great post.
  • #22,007
  • May 16, 2018 5:01am May 16, 2018 5:01am
Road map - self explanatory.
Attached Image (click to enlarge)
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Instagram - FX_ELITE_Europe | In Search of #BIG_R | Need No Small Pips
  • #22,008
  • May 16, 2018 5:08am May 16, 2018 5:08am
Quoting Teek
{quote} Absolutely everything in the markets is wrong, but you must trade WHAT YOU SEE. Perfect example of having an opinion and being forced to trade against opinion, because what I see is the total opposite from my opinion. Never have a bias, trade you see. It does not need to "make sense" all the time. When the damn thing "should" go up but it goes down, trade down. Common sense. Opinions don't earn you any money, unless you are a TV forecaster. It's the price, and only the price, that demands action. Never the bias, never the opinion....
You just hit it spot on TEEK I must agree... However shorting here after a long down trend is just too risky tho..
maybe you may agree with me that even if we in a DT, it does not necessary means it will keep going that way. we must give chance for Retrace and nobody wanna sell into it..

For me, this week I will only short around 1.19747 area but not looking to long it for that handle if i get a chance tho.. maybe for 50pips or so
bottom line, whatever works is the way to go..
  • #22,009
  • May 16, 2018 5:10am May 16, 2018 5:10am
Quoting Ata-Turkoglu
Remember: 1.1795 level is daily big channel bottom.. get ready to can see some bulls kicking in.. could be a profitable buy opportunity.. look for bullish evidence first.. good luck.. Stay Green
dear Ata-Turkoglu can you show me chart that have big channel ?
thank
  • #22,010
  • May 16, 2018 5:13am May 16, 2018 5:13am
The next prices to look for "a reaction" would be around:
Daily S/R: 1.1755
Weekly S/R: 1.1707

These do not mean it will turn around.
It only means, price is likely to react around these levels.
There is very strong momentum in this and I don't expect it to turn around anytime soon.
Trade the price, not the lines

D1:
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-Daily-16.05.2018.png Size: 44 KB
you are not expected to understand this
  • #22,011
  • May 16, 2018 5:16am May 16, 2018 5:16am
Closed my short at +26 pips, time to get up and live a life.
See you guys later 2nite, happy trading!
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  • #22,012
  • May 16, 2018 5:16am May 16, 2018 5:16am
Quoting alio2
{quote} dear Ata-Turkoglu can you show me chart that have big channel ? thank
Here is the big channel..

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: EU-Daily-Outlook.png Size: 48 KB
Focus only on what truly matters!
  • #22,013
  • May 16, 2018 5:22am May 16, 2018 5:22am
Quoting Ata-Turkoglu
{quote} Here is the big channel.. Stay Green {image}
where should be our tp ?
  • #22,014
  • May 16, 2018 5:24am May 16, 2018 5:24am
Quoting Ata-Turkoglu
{quote} Here is the big channel.. Stay Green {image}
Bro this chart just broke down all I was trying to say.. Clearly DT but can't be shorting at the extreme bottom of the channel..
Nice chart
  • #22,015
  • May 16, 2018 5:25am May 16, 2018 5:25am
Quoting Ata-Turkoglu
{quote} Here is the big channel.. Stay Green {image}
Quoting Ata-Turkoglu
{quote} Here is the big channel.. Stay Green {image}
thank you so much
please help me that what are these indicators ?
if you give me it will very helpful.
best regard
  • #22,016
  • May 16, 2018 5:26am May 16, 2018 5:26am
Quoting Ata-Turkoglu
{quote} Here is the big channel.. Stay Green {image}
I love a clean chart. Thing of beauty!
  • #22,017
  • May 16, 2018 5:28am May 16, 2018 5:28am
Quoting jusstin911
{quote} You just hit it spot on TEEK I must agree... However shorting here after a long down trend is just too risky tho.. maybe you may agree with me that even if we in a DT, it does not necessary means it will keep going that way. ..
Or is this where all the longs get nervous and start to cut their losses ... adding to the momentum down?
Watch the for the potential spike to 1.176 to reverse the momentum. (short term forecast only)
Profit last 52 weeks +44%
  • #22,018
  • May 16, 2018 5:30am May 16, 2018 5:30am
Quoting samekhanok
{quote} where should be our tp ?
TP is parallel to the timeframe you are trading and the SL you are setting.. based on those variables you also have to decide what risk reward you are targeting.. It can be 1:1 or 1:2 or 1:X type of profit.. so all relative.. you can't get a simple answer from me.. if anybody else gives you a simple answer for your question he probably is just a newbie like you.. the answer to your question requires a trading plan.. good knowledge of the timeframe you are trading and the average range of it throughout the recent course.. too much to explain.. therefore: these type of questions don't belong to this thread and mostly are irrelevant..

Try babypips or try to find some youtube videos around "how to determine SL and TP levels"..

Stay Green
Focus only on what truly matters!
  • #22,019
  • May 16, 2018 5:34am May 16, 2018 5:34am
Quoting TheRangeSpy
{quote} Or is this where all the longs get nervous and start to cut their losses ... adding to the momentum down? Watch the for the potential spike to 1.176 to reverse the momentum. (short term forecast only)
I think it depends tho.. ON eu, my current position is Sidelines ..
Me have no idea where price will turn but im looking for BUY ATM
  • #22,020
  • May 16, 2018 5:35am May 16, 2018 5:35am
Channel edge seems to be giving in.. that's why I always emphasize: "first look for bullish evidence" which wasn't there.. I am on sidelines for now.. I had a temptation to short but.. too late for this hour so waiting for NY open..

Stay Green
Focus only on what truly matters!
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