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  • #34,721
  • Aug 14, 2018 11:31am Aug 14, 2018 11:31am
Quoting Dingoman-two
{quote} Try and follow the traders with the red diamonds above there user names and learn from them just until you get the fell for it all, and develop your own trading style. and may i suggest a practices account for a time as well Cheers Brian Dingoman-two
Thanks alot sir for your kind advise. Now should a open short sell positions to minimise my further loss. Or i should hold the same positions and wait for EU to go up?
  • #34,722
  • Aug 14, 2018 11:31am Aug 14, 2018 11:31am
Quoting digger1
{quote} Quarterly S 1 at 1322 seems fitting lol,, could dribble up to 1368 before but it may not let the bulls out from that area quite yet ,, it will play with them and keep them glued to the screen
played that game before... no fun....I like being on this side much better
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #34,723
  • Aug 14, 2018 11:32am Aug 14, 2018 11:32am
Quoting Floryn
I'm about to short if there will be an M5 blue TL breakout. {image}
Wow, what a big fall. I was out for shopping and missed it but not all of it. I shorted as I said, from 1.14000 and 1.14050 and set TP 1.13800 which was hit. 45 pips profit + 33 before = 78 pips. What a wonderful day.
  • #34,724
  • Aug 14, 2018 11:32am Aug 14, 2018 11:32am
price to rsi divergence forming on h4

this can give a huge push north as correction

bears stay cautious
Attached Image
  • #34,725
  • Aug 14, 2018 11:33am Aug 14, 2018 11:33am
Think anybody worth their salt in trading has played that for longer than any would like to admit lol,, just comes a point where one says Okay , not gonna do the same sheet expecting different results
  • #34,726
  • Edited 11:47am Aug 14, 2018 11:36am | Edited 11:47am
Quoting PatienceFx
price to rsi divergence forming on h4 this can give a huge push north as correction bears stay cautious {image}
going long @ 1340 with sl @ 1300
Attached Image
  • #34,727
  • Aug 14, 2018 11:45am Aug 14, 2018 11:45am
BUY 1.1345
SL 1.1337
  • #34,728
  • Aug 14, 2018 11:46am Aug 14, 2018 11:46am
Well done to the traders that have picked up pips on this move down.

Unfortunately, I was caught and missed the trade. Whatever happened to the bounce from the 1.1370 towards the 1.1386 lvl...lol.
And, I don´t chase. Another day, another missed opportunity.

I´ll target this area again for a short, if I can, if price will come back to test this LO lvl tomorrow.
Attached Image (click to enlarge)
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  • #34,729
  • Aug 14, 2018 11:50am Aug 14, 2018 11:50am
Quoting Doctorsaleem
{quote} Thanks alot sir for your kind advise. Now should a open short sell positions to minimise my further loss. Or i should hold the same positions and wait for EU to go up?

The actual decision to trade or not has to be your own choice my friend,

you have a very long road ahead of you,

may i all so suggest you look into the you tube web site and look for all sorts of trading styles.

just type FX TRADING AND SEE WHAT YOU GET,

As i am tied up trading myself and as others are as well so its going to be all on you my friend

good luck B.D
  • #34,730
  • Aug 14, 2018 11:54am Aug 14, 2018 11:54am
Quoting 4experience
buy 1.1345 sl 1.1337
additional buy 1.1345 sl 1.1340
  • #34,731
  • Aug 14, 2018 11:56am Aug 14, 2018 11:56am
Quoting 4experience
{quote} additional buy 1.1345 sl 1.1340

Expect a very sharp pull back soon

That will be the big boys taking out your stops,
and the Bears shaking of there last lot of shorts,


who real knows though

time will reveal all

i have my buy in at 1.13325 area
  • #34,732
  • Aug 14, 2018 11:59am Aug 14, 2018 11:59am
Adding another short 1.1344 sl alerty at +50pips from previous trades at 1.1355
Target 1.1320 and lower
  • #34,733
  • Aug 14, 2018 12:01pm Aug 14, 2018 12:01pm
Quoting shebalik
Hi everybody, Back from long trip. Watched the markets but no trade. Still holding my shorts from 1.2430, 1.2303, 1.1868 and 1.1818. I think big dollar rally has started with Dollar Index targeting 101. Worse case scenario we can see 1.20-1.21 range, and in a week or so we will speed up for 1.08. I revised down my 1.12 target.
Still holding the above positions starting from February. The targets are still on but my timeline estimates were wrong. But it doesn't matter. I am happy to be wrong. All that matters is the market moving in my direction. I receive swap income anyway.

So as a summary I don't trade much, but as a result I hold shorts from 1.2430, 1.2303, 1.1868 and 1.1818, 1.1607 and 1.1585. Sacrified around 200 pips for wrong entries. So we can say 2530 pips total so far in 6 months locked with 1.1480 SL for all positions. Additionally I received for months and still receiving daily interest rates for all my short positions. So for people not having much time for intraday trading, position trading could be considered as well. You can still use Ata's method to catch the trend. As Ata mentioned all you need to do is to use longer time frames like daily or weekly. Also watch daily RSI and see if it makes new low or new high. It will help to identify if trend will continue or not. Fundamentals also should be noted somewhere to guide us and to give us the courage to hold the positions.

Now my strategy is to continue holding all my positions unless the price hits 1.1480. Will give an update on this in September.

Cheers
Position Trader
  • #34,734
  • Aug 14, 2018 12:06pm Aug 14, 2018 12:06pm
Quoting Dingoman-two
{quote} Expect a very sharp pull back soon That will be the big boys taking out your stops, and the Bears shaking of there last lot of shorts, who real knows though time will reveal all i have my buy in at 1.13325 area
I expect too but SL hit
sell 1.1340
  • #34,735
  • Aug 14, 2018 12:09pm Aug 14, 2018 12:09pm
Quoting 4experience
{quote} I expect too but SL hit sell 1.1340

my buy got hit at 1.13325 stop lose me
trailing stop lose in play as well
  • #34,736
  • Aug 14, 2018 12:15pm Aug 14, 2018 12:15pm
Quoting Dingoman-two
{quote} my buy got hit at 1.13325 stop lose me trailing stop lose in play as well
Watch the levels it lost , starts gaining them back give your stp a little room after you get it to even ,, may get a little bouncy around here ,,
Attached Image (click to enlarge)
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  • #34,737
  • Aug 14, 2018 12:17pm Aug 14, 2018 12:17pm
Hourly picture... really textbook
Attached Image
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #34,738
  • Aug 14, 2018 12:19pm Aug 14, 2018 12:19pm
Quoting digger1
{quote} Watch the levels it lost , starts gaining them back give your stp a little room after you get it to even ,, may get a little bouncy around here ,, {image}

Cheers for that Digs good advice as always.

  • #34,739
  • Aug 14, 2018 12:19pm Aug 14, 2018 12:19pm
Quoting moneymagnet
Hourly picture... really textbook{image}
Yeah, they just refuse to give you the textbook move until they hit your stop. Lol

Just figured a way around it.
  • #34,740
  • Aug 14, 2018 12:24pm Aug 14, 2018 12:24pm
short from 1357 at break even stop loss might get touched 15 points away 1330 support needs to break so i can lock in some profits,
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