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EURUSD only

  • #34,801
  • Aug 15, 2018 3:06am Aug 15, 2018 3:06am
Quoting 4experience
SELL 1.1333
CLOSED 1.1323
  • #34,802
  • Aug 15, 2018 3:10am Aug 15, 2018 3:10am
I would expect some buying at 19-20, but......

Looks as though the London open line from the last 2 days is now the down sloping trend line too.
  • #34,803
  • Aug 15, 2018 3:16am Aug 15, 2018 3:16am
1.1321 seem to be holding
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yes yes yes
  • #34,804
  • Aug 15, 2018 3:35am Aug 15, 2018 3:35am
Quoting Moty
1.1321 seem to be holding {image}
A couple of things there ,,Weekly S1 and Quarterly S1 ,, if above last weeks low and used for support maybe another crack at 1433 ish . Below 1433 tgts 1183 for quarterly numbers ,,, the standard quarterly pivots always react with the mkt , see what it can claw back if any ,,dont be buying above any of those till the one below gets used at least once for support Monty if / when it does start clawing them back, be patient , be picky with your entries ,,so far it has not been able to hold yesterdays low so not really a resounding picture of strength I know you like to buy lol,, should be selling yet if your not .
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  • #34,805
  • Aug 15, 2018 3:36am Aug 15, 2018 3:36am
I kept selling yesterday, trying to hit the the perfect point right after the correction peaks /I did not do it all the times though/. This resulted in around 220pips / 10 times 10 pips, sometimes a bit more/. Basically I entered following the price action logic and then exited with 10 pips TP. I am afraid the 10pips exit is quite... well... out of the blue. It kind of works but also made some of the trades quite long and inevitably forced them to go through loss periods, it also limited profit in some cases. I am not good at strategy names so I do not know what to read to make the exit a bit more strategic. What would you recommend?

I feel like looking for the price action logic for exits will force me to look at the chart like a cat watching a mouse and I do not have this much time /and maybe patience/. Maybe I not only lack knowledge but do not trust my judgement regarding price action enough to use it determine this exit point too. What is the best move to make?
  • #34,806
  • Aug 15, 2018 3:44am Aug 15, 2018 3:44am
And yes there is divergence but those blips down as they get shallower can be pretty severe
  • #34,807
  • Aug 15, 2018 3:45am Aug 15, 2018 3:45am
Quoting Moty
1.1321 seem to be holding {image}
Got the impression you made a bias first, then found evidence in PA, sometimes the evidence were one/two wicks or several candles. imo

M30
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Be a spectator, not a player
  • #34,808
  • Aug 15, 2018 3:45am Aug 15, 2018 3:45am
Human mistakes, poor concentration, etc are the culprits not the tools. The craftsman's poor job shouldn't blamed on the tools. The tools are simply fantastic. In the hands of a pro, at least 50 pips would be secure now.
  • #34,809
  • Aug 15, 2018 3:47am Aug 15, 2018 3:47am
Quoting Ata-Turkoglu
{quote} Alles klar Herr Kommissar Stay Green
Na... do I detect here a hidden FALCO fan...
  • #34,810
  • Aug 15, 2018 3:54am Aug 15, 2018 3:54am
Quoting wiserltz
{quote} Got the impression you made a bias first, then found evidence in PA, sometimes the evidence were one/two wicks or several candles. imo M30 {image}
On a 15 minute chart 1319 has been hit 4 times now and held pretty firmly, 10:30 pm CMT, Midnight. 3:00 am and the last bar.

That doesn't mean buy, but it means someones buying there. We haven't had a broken high close yet and no trend line break yet.
  • #34,811
  • Aug 15, 2018 3:55am Aug 15, 2018 3:55am
EU H1

Some low risk scalp awaiting news
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Self discipline It is a practice
  • #34,812
  • Aug 15, 2018 4:00am Aug 15, 2018 4:00am
Nothing torments like the relentless pursuit of BE stop loss, only to turn back after hitting it out.
Is BE a bad thing guys??. I'm getting so freaked out. Feeling hunted guys. Please help
  • #34,813
  • Aug 15, 2018 4:05am Aug 15, 2018 4:05am
Quoting Donwealt
Nothing torments like the relentless pursuit of BE stop loss, only to turn back after hitting it out. Is BE a bad thing guys??. I'm getting so freaked out. Feeling hunted guys. Please help
First trade small amounts. Second draw the trend lines as Ata has been showing here and the break point and use the break point retest for your entry. Right now we have a sell bias (1337) that has been hit already. Plus we're having trouble getting below 1320. Sit tight and watch.
  • #34,814
  • Aug 15, 2018 4:14am Aug 15, 2018 4:14am
Quoting Donwealt
Nothing torments like the relentless pursuit of BE stop loss, only to turn back after hitting it out. Is BE a bad thing guys??. I'm getting so freaked out. Feeling hunted guys. Please help
Well said Sossos,, also moving stp to break even as soon as you get in leaves you with no risk ,,no risk no reward lol,,dont know what time frame you are using but to get entries where you have a chance takes a pretty long time frame and a lot of patience ,, some damn good levels too
  • #34,815
  • Aug 15, 2018 4:15am Aug 15, 2018 4:15am
Monday
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Today
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yes yes yes
  • #34,816
  • Aug 15, 2018 4:16am Aug 15, 2018 4:16am
Quoting Sossos
{quote} First trade small amounts. Second draw the trend lines as Ata has been showing here and the break point and use the break point retest for your entry. Right now we have a sell bias (1337) that has been hit already. Plus we're having trouble getting below 1320. Sit tight and watch.
Entered late @ 13332 but my 10pip BE trail already knocked out. So disgusting
  • #34,817
  • Aug 15, 2018 4:18am Aug 15, 2018 4:18am
Quoting okshop
*** expecting latest wed to have some bull power. HapPy weekend Traders {image}
It’s wed, hopefully it will be ladies night. Party till Friday for the TGIF
Self discipline It is a practice
  • #34,818
  • Aug 15, 2018 4:21am Aug 15, 2018 4:21am
Quoting okshop
{quote} It’s wed, hopefully it will be ladies night. Party till Friday for the TGIF
Lol, its trying hard ,,gonna be a choppy ride to start with if it starts
  • #34,819
  • Aug 15, 2018 4:22am Aug 15, 2018 4:22am
Just a comment Donwealt, I spent my entire evening last night starting at the first page (1463) that Ata started from his first page. I then went to my charts on the same days that he was commenting and drawing lines on. I did what he was doing. After 150 pages of the blog and about a week worth of charts I started to really see how, what he did and got a feel for his methods. By doing that kind of work it starts to become you. Your faith in it builds.

Now this morning I draw my lines, look at the MA, check the London opens. Bias is still sell, I got here to late for the sell off the 1341 retest, but that's ok. There will be another trade some where and I will be waiting calmly, because I practiced and I will practice some more tonight etc......
  • #34,820
  • Aug 15, 2018 4:28am Aug 15, 2018 4:28am
At this point I would have to say that someone with deep pockets is buying everything close to 1320. They've held their ground now for 6 hours.
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