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EURUSD only

  • #36,021
  • Aug 21, 2018 12:54pm Aug 21, 2018 12:54pm
This is just panic selling. Holding my longs .
When you see it, BET big.
  • #36,022
  • Aug 21, 2018 12:55pm Aug 21, 2018 12:55pm
Quoting Jrotc1sg
{quote} i will try this method thank you.
It's not about the method.
It's about not cutting your losses when you're wrong
  • #36,023
  • Aug 21, 2018 12:55pm Aug 21, 2018 12:55pm
the thing i dont like about stops is this. the market is unpredictable.. it can run exactly to my stop then switch the other way and i just have to accept the loss. its just like i sold in a losing position which is never good. at the same time letting your trade run you down 30% is also stupid. hopefully a big sell off will start at 1.16 and work its way back down
  • #36,024
  • Aug 21, 2018 12:55pm Aug 21, 2018 12:55pm
Quoting Piptaker64
{quote} ha! done went a pissed ol Dig off..lol..
Nah , hard to do , I have emplyees lol,, just stating facts man thats it, question that you had several hours ago ,, has it been answered yet ?
  • #36,025
  • Aug 21, 2018 12:56pm Aug 21, 2018 12:56pm
I always felt best trading strategy was mixture of technical analysis, fundamental analysis, price action and common sense.

I have been out for week and I am blown away by the market reactions and commentary. Experts were bearish at 1.13 are now bullish at 1.16. Crazy. The market was oversold now its overbought

Imo this is a sell zone. Not sure how much of pullback but sell 1.1590 to 1.1620. Prob cover somewhere in mid 1.14s
  • #36,026
  • Aug 21, 2018 12:56pm Aug 21, 2018 12:56pm
Quoting Floryn
Locked 12 pips, who knows what could happen?
Closed half position and the for the other half I was stopped out 1.15684 level, +25 pips (really tight SL)... then boom, price spiked up 30 pips more
  • #36,027
  • Aug 21, 2018 12:57pm Aug 21, 2018 12:57pm
... https://www.forexfactory.com/showthr...1#post11390761
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4 wt II.png Size: 69 KB
  • #36,028
  • Aug 21, 2018 1:00pm Aug 21, 2018 1:00pm
Quoting Jrotc1sg
the thing i dont like about stops is this. the market is unpredictable.. it can run exactly to my stop then switch the other way and i just have to accept the loss. its just like i sold in a losing position which is never good. at the same time letting your trade run you down 30% is also stupid. hopefully a big sell off will start at 1.16 and work its way back down
"the market is unpredictable". You said it...thats why..plus its responsible trading..
Zip
  • #36,029
  • Aug 21, 2018 1:00pm Aug 21, 2018 1:00pm
Quoting Slt93
{quote} Only sell on M3 10 EMA crossing 5 EMA Down. This is worth a lot of money to you. Trade it. An absolutely proven rule.

lol. Markets love naive traders still using ema crosses.
  • #36,030
  • Aug 21, 2018 1:01pm Aug 21, 2018 1:01pm
Quoting moneymagnet
{quote} I am far from knowledgeable about EW's. I was seriously just asking for my own knowledge. Thank you for responding!!
MM, are you sure you don't sleep with Prechter's book under the pillow?
Attached Image (click to enlarge)
Click to Enlarge Name: euro8-214H.PNG Size: 94 KB
Always trade your own plan...I don't provide trading signals.
  • #36,031
  • Aug 21, 2018 1:01pm Aug 21, 2018 1:01pm
Quoting Jrotc1sg
{quote} i will try this method thank you.
It is the most amazing rule. When the market is slow moving, for example, at the top/bottom after London have stopped trading, then move to M4 10 EMA crossing 50 EMA.

Always have 10 EMA crossing 50 EMA on all your charts - and study them, very, very well. It is an amazing rule, starting with the M3 10 x 50 during day trading the EuroDollar.

Worth a lot of money.
Only real values: Valid rules, discipline and experience.
  • #36,032
  • Aug 21, 2018 1:03pm Aug 21, 2018 1:03pm
Quoting mades
{quote} lol. Markets love naive traders still using ema crosses.

so whats your strategy ?
  • #36,033
  • Aug 21, 2018 1:06pm Aug 21, 2018 1:06pm
Quoting Jrotc1sg
the thing i dont like about stops is this. the market is unpredictable.. it can run exactly to my stop then switch the other way and i just have to accept the loss. its just like i sold in a losing position which is never good. at the same time letting your trade run you down 30% is also stupid. hopefully a big sell off will start at 1.16 and work its way back down
I know, I have been there many times.
But look where you are now, thats even worse.
If that happens, your stop is too tight.
And we all have sometimes that the SL is hit and the market turns. It's part of the game.

And hoping.... that doesn't work in trading.
I wouldn't hold my breath waiting a big sell off from 1.16

Best chance you have tomorrow after the FOMC minutes
  • #36,034
  • Aug 21, 2018 1:07pm Aug 21, 2018 1:07pm
Quoting mades
{quote} lol. Markets love naive traders still using ema crosses.
You are the naive idiot here. Congratulations.

This is a public forum, so I have the right to insult you, as I have been insulted on here today.

These are the accepted rules of social media, my friend: I insult you in public and you insult me in public. This is the norm. Congratulations: we are on a public forum insulting each other in public. That is the absolute minimum required for acceptance over here. So, congratulations. We are in. We have insulted each other in public. We are accepted as part of the gang. Congratulations.
Only real values: Valid rules, discipline and experience.
  • #36,035
  • Aug 21, 2018 1:09pm Aug 21, 2018 1:09pm
Quoting Slt93
{quote} You are the naive idiot here. Congratulations. ...
Dude please stop
niemals aufgeben
  • #36,036
  • Aug 21, 2018 1:09pm Aug 21, 2018 1:09pm
Quoting digger1
{quote} Nah , hard to do , I have emplyees lol,, just stating facts man thats it, question that you had several hours ago ,, has it been answered yet ?
shit i dont know..lol..been at this computer all day and night..been a good day tho so i aint complaining..thanks in part to you kind sir..
Zip
  • #36,037
  • Aug 21, 2018 1:09pm Aug 21, 2018 1:09pm
Quoting ForeignTrade
{quote} I know, I have been there many times. But look where you are now, thats even worse. If that happens, your stop is too tight. And we all have sometimes that the SL is hit and the market turns. It's part of the game. And hoping.... that doesn't work in trading. I wouldn't hold my breath waiting a big sell off from 1.16 Best chance you have tomorrow after the FOMC minutes

i was thinking the same thing hopefully the news over the next couple of days will bring it down
  • #36,038
  • Aug 21, 2018 1:10pm Aug 21, 2018 1:10pm
Quoting Jrotc1sg
{quote} so whats your strategy ?
Why should I share?

Any ema cross is supereasy to backtest, there are tons of ema cross EAs. We are resuming trend and every trend-following strategy works during trend (who the heck thought this would go down to 1.05 after 2 years spent there), but once this baby comes to range trading and you can bet it will, it will easily eat all the ema-cross profits.

1.30 eoy still possible.
  • #36,039
  • Aug 21, 2018 1:11pm Aug 21, 2018 1:11pm
Quoting BlueGas
Im guessing we are heading for 1645 next
Maybe the magic 1.1666
  • #36,040
  • Aug 21, 2018 1:14pm Aug 21, 2018 1:14pm
only power for push up ... right now ....
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