EURUSD

Have not now, may be later, have some hedges, see post from today in the morning. May be I shorted a little bit early. good luck to you

may have been here.

made 95 Points today, but new entries where on the wrong side. Means my savings are reduced.

I did have the feeling it would be early to short; candles showed ominous bullish move; however, since I have the tendency to gain good pips by Martingale I couldn't resist the temptation and placed a sell order with big stop (call me crazy) but then I martingaled three times where the bulls sit back a bit which gave me enough profit to break even with the possible loss of the open sell. I used to fail to accept my mistakes; but recently I either close the order in loss or place some ladder hedge orders prior to the big rise - yes, I am talking about the holly hedge combined with multiple mini martingale orders (all with tight SL).

Instead of placing one or two big lot orders I divide it by 5 or even 10; this way I always take something; I don't have to worry about my target not getting hit. The worst scenario of having all 5 orders stop never happens more than 1 out of 5 trades and is compensated by the next two trades. These next trades don't have to give me everything. Even with the bad luck I need only the first two targets (out of five) to be met which covers the loss I had so far. The coming trades bring the balance to the good side. Now! The best scenario of having all 5 targets hit also happens no more than 1 out of 5 trades, BUT since my SL is always tight this all-hit order has the potential profit to cover 2 or even 3 all-loss orders (the old story of R-R):

1st order TP under 23.6 fibo (a very small tp gives me at least 1/3 of the points I could lose under the worst scenario of having all 5 orders fail).
2nd order TP 23.6 fibo (again, no ambitious TP; just to guarantee some back up points)
3rd order TP 38.2 trailing stop (it makes no sense to let the chart take all the profit I had so far)
4th order TP 50.0 trailing stop (pure profit now), the hedge starts here were there is possibility of retracement.
5th order TP 61.8 trailing stop, the second hedge order - have you too noticed that hedge and martingale are same in essence?

The forth winning week
Wish you all happy days ahead of you.

Sorry to hear that. Relax, there is another opportunity to recover your lost. 1.15xx is a good area to short for this pair. For the moment, the upswing is expected as most of the major is making its pullback. Next coming week im out for trading the major. I wouldnt trade against the trend. What im doing now is short the euro and pound cross. Happy weekend everybody!

@all @ghaaran @PipmasterFX
your advice is very welcome and appreciated.

Nothing bad happened. Did not realized losses. However ratio of chance/risk of current trades is worsed, asymmetrical Long/Short-Positions.
I like to plan my trades for Swings. Corrections via daytrading. So described 08.08.18 next waves (I am not a waver but need such projections for placing trades).
https://www.forexfactory.com/showthr...1#post11343801
Started this "wave" 10.08.18. If first 3 trades are well placed it is not so hard to follow your plan. There must be enough room for hedges.
Realized win: 13.08 219P; 14.08. 77P; 15.08. 70P; 16.08. 79P: 17.08. 95P - so far I am quite satisfied.
As a not New-be-trader I did not just want to talk about successes but also doubts in between. Swing trader sometimes have to survive bigger differences between high and low trades. Imagine: wave is not going back again? So after good wins it is ok to look for balanced symmetry of running and pending Longs and Shorts. In worst case you go out with 0 (after above described wins). Decided for this way on Friday morning not loosing good chances. But made some intraday bad deals.. Of course no danger. Little trades against ... In this case you have more spread without certainty you are right. To add: I do not like martingale. If I can avoid do it.
@ghaaran could you please occasionally describe your little steps in reality? Or any other Swinger how they plan and realize their Waves?

Again. One more trade.
EU H4 buy to 1.14770
Wait my next EU signal here

A development update

https://forexfore.blog/2018/08/18/th...of-mr-awesome/

Typical R:R either false or true

Fuzzy R:R partialy true or false

The optimization tools (operating when you're in bed) don't need to be idealized either.

I have been following your stats here and guess you have established your own system quite well!
I used to be an aggressive trader always ending up in 0 (big wins didn't take me further from the losses) until a childhood friend teaching Math in Chicago contacted me suggesting a team-up. He has developed some algorithms and I coupled them up with my own fuzzy logic I developed after 11 months of try and error.
A side note: all my martingale orders have very tight SL and give positive pips considering the mathematical probability of the chart retracing when it moves away from the core; simply put, its all about finding the golden ratio. Fibo is one of the means to ease up the search for the golden spot where hedging also takes place. I have writen hundreds of pages in those 11 months of testing things like R:R, Fibo retracement,... and find it hard (and against the rules of the forum) to post them here. I do not advertise my strategy; do not sell it (a good one gives you more than you would make tricking people into giving you money) and above all appreciate help and sharing of ideas to solve problems such as finding the right ratio, etc.
I need to learn how to make videos from my pc screen so I can share with you my ideas starting from segmented ladder orders (almost always giving something). Also, please share with me your hedging ideas so we can form a better technique.

Here short 1.1430... hope its go down

we need technical analysis my friend or fundamental reason. Lets hep newbie understand reasonable conduct from this prestigious forum.

On the upside, 1.150 act as a critical resistance level, but still long way off. The upward trend might continue in the short term.

I would be sharing my weekly top down analysis on the Eurusd... I would like generous comments . ... Just plain price action at support and resistance... I would like resourceful comments too...

On the monthly we can see the price hit previous resistance now becoming support .. Bearish momentum has dropped and pulling back....
And on the weekly we can see price react to the 1.1450 level look left for previous resistance ...
And you can see the pretty pull back set up on the daily time frame.
Now let's see the 4hrs time frame. For entries .. . I guess the bulls have it ! I believe the price would retest the 1.1527 price level.... Somewhere around 150-180pips with a risk of 80-100pips... You can scalp smaller pips on the hourly time frame too ... Price closed above the 200ma Any other view?
Regards
Dashking

Daily would resume bearish movement in no distant time.

My Intraday Outlook.
(ahead London)

Nice bounce on 1.1300. Bullish channel.

Intraday resistance :
- 1.1450 - 70
Intraday support :
- 1.1430 - 00

Initial intraday plan: I'd sell 1.1450 - 70 resistances and buy 1.1410 - 00

Have a great trading week, you all!

Yeah.. . But don't you think the pull back is worth trading?. ...

Beware, smart techs can be screwed up by politics next week!
The most important event risk next week will be the U.S. and China's trade talks on August 21 and 22.

You may add Italy and Turkey crisis...
FOMC on Wednesday.
Powell on Friday.

For few pips yea. But not so for trend traders