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Trading EURUSD only 43,756 replies

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EURUSD only

  • #39,161
  • Aug 31, 2018 1:55pm Aug 31, 2018 1:55pm
Moved SL to 1.1596 (+10 pips locked)

Edit: and got stopped out with +10.. will re-enter again soon if I can..

Stay Green
Focus only on what truly matters!
  • #39,162
  • Aug 31, 2018 1:56pm Aug 31, 2018 1:56pm
Quoting 777girl
{quote} do you mean the monthly pivot? btw i always wonder do you use bollinger bands or its another indic -those 3 bue lines
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd h1.png Size: 43 KB
yes yes yes
  • #39,163
  • Aug 31, 2018 1:58pm Aug 31, 2018 1:58pm
Quoting mbrown
{quote} Okay. Thanks. But I think there is more money in fully committing to your position and then trailing your SL. @ Stopped out -4 pips...I can live with that.
Yea but not when market dynamics has changed against you. You don't trail higher highs when you're short nor trail lower lows when long.
  • #39,164
  • Aug 31, 2018 2:02pm Aug 31, 2018 2:02pm
Quoting Donwealt
{quote} Yea but not when market dynamics has changed against you. You don't trail higher highs when you're short nor trail lower lows when long.
The common convention is to trail in the direction of the trade. I apologise I assumed this was understood.
  • #39,165
  • Aug 31, 2018 2:09pm Aug 31, 2018 2:09pm
eu 5 m
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd h1.png Size: 35 KB
yes yes yes
  • #39,166
  • Aug 31, 2018 2:11pm Aug 31, 2018 2:11pm
Quoting mbrown
{quote} If direction was that easy one would simply place a trade in the prevailing direction with a large stop-loss and reverse the trade when the trend changed. AKA Trend followers...there are as many responsible (risk management wise) financially dead trend followers out there as scalpers although the the time of death is accelerated in the latter case.

Here you just confirmed my earlier statement that the real skill lies in the fine details and not just in knowing the probable direction.
  • #39,167
  • Edited Sep 1, 2018 4:44am Aug 31, 2018 2:16pm | Edited Sep 1, 2018 4:44am
Quoting 777girl
{quote} what cross, can you mark on my graph? its hard to understand! im cool, i just want to understand friday move with bears. for real!
If you mean the Big Drop, that was just because the market was at a very important Support level. Once Price Closes below that level, millions of computer programs Sell. They are programmed like that, or the self-learning programs program themselves to do that. As Price moves lower, more millions of computer algorithms Sell. It is like a NonFarms Payroll news event. Very similar.

Many systems or trading plans has that pre-condition: below that level, SELL. Then as the price drops, more SELL levels are triggered, by algorithms and traders.

That is how I understand it.
Only real values: Valid rules, discipline and experience.
  • #39,168
  • Aug 31, 2018 2:17pm Aug 31, 2018 2:17pm
Quoting mbrown
{quote} The common convention is to trail in the direction of the trade. I apologise I assumed this was understood.
We're saying the same bro. You trail when it's in your direction. But assuming you get the opposite signal, there may not be need for trailing again. You simply exit cos the odds of it continuing to move in your direction has greatly diminished.
  • #39,169
  • Aug 31, 2018 2:23pm Aug 31, 2018 2:23pm
Team,

I am a new trader, still learning basics of Forex Trading.

When Italian Unemployment rate was released at 4:00 AM ET today, EUR was supposed to get strong instead of that dropped by 25 pips, Can someone please help me to understand why it went the opposite way.
  • #39,170
  • Aug 31, 2018 2:28pm Aug 31, 2018 2:28pm
Quoting Donwealt
{quote} Here you just confirmed my earlier statement that the real skill lies in the fine details and not just in knowing the probable direction.
Okay. I hear you. Have a good weekend.
  • #39,171
  • Edited 2:45pm Aug 31, 2018 2:31pm | Edited 2:45pm
H1-M5 Status Update

Couldn't resist.. sharing one more chart before I call it a day and week..

So far, since volatility is low now, I am not trading until next London Opening.. This week as a whole was a very nice one and we are all probably done..

Last check of situation: Waiting for new BLUE TL breakout! Simple as that (However, the upcoming bullish retracement (wave 4) might also become profitable for scalpers.. time will show)

Happy weekends to all..

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: H1-M5-Outlook.png Size: 58 KB
Focus only on what truly matters!
  • #39,172
  • Aug 31, 2018 2:39pm Aug 31, 2018 2:39pm
Quoting mbrown
{quote} Okay. I hear you. Have a good weekend.
You too bro. Enjoy your weekend.
  • #39,173
  • Edited 3:14pm Aug 31, 2018 2:57pm | Edited 3:14pm
The 4HR 200MA did a good job at 1.1583. Closed my buy scalp at 1.1608, as I don't want to leave it over the weekend.

Thanks to Ata for reinforcing my belief in the trade.

Happiest weekend to all.
  • #39,174
  • Aug 31, 2018 3:11pm Aug 31, 2018 3:11pm
Quoting Ata-Turkoglu
H1-M5 Status Update Couldn't resist.. sharing one more chart before I call it a day and week.. So far, since volatility is low now, I am not trading until next London Opening.. This week as a whole was a very nice one and we are all probably done.. Last check of situation: Waiting for new BLUE TL breakout! Simple as that (However, the upcoming bullish retracement (wave 4) might also become profitable for scalpers.. time will show) Happy weekends to all.. Stay Green {image}
Thanks Ata for your posts. The loss of this morning was nearly fixed with the last trade. Amazing precise your call of 1.1586!

happy weekend!
  • #39,175
  • Aug 31, 2018 3:20pm Aug 31, 2018 3:20pm
Quoting Ata-Turkoglu
H1-M5 Status Update Couldn't resist.. sharing one more chart before I call it a day and week.. So far, since volatility is low now, I am not trading until next London Opening.. This week as a whole was a very nice one and we are all probably done.. Last check of situation: Waiting for new BLUE TL breakout! Simple as that (However, the upcoming bullish retracement (wave 4) might also become profitable for scalpers.. time will show) Happy weekends to all.. Stay Green {image}
Thank you Ata for chart update that is very useful.
Have a nice weekend to you too.
  • #39,176
  • Aug 31, 2018 3:28pm Aug 31, 2018 3:28pm
Quoting Ata-Turkoglu
{quote} Seriously? You too didn't make any money out of almost 8 bearish H1 candles in a row??? Is nobody benefiting from my posts here? I don't know what else to do gosh.. just kidding.. Video tutorial will solve many things here I guess.. After that I will never ever hear again that my fellow members don't make any money.. I can tell you that Stay Green
Newbies doesn't understand some lingo you guys talking about. We are confused on where you guys are placing. Too technical conversation. Unless you specify by mentioning to go bulls or bear.. we are in the dark. Can you send us link or materials where can we study lingos and technicals needed to better understand what you are talking about prior to the video you are going to release? That way, it will be easier for the newbies to understand what you are about to teach on that video. Only if you still have time.. or is anybody here in team euro/usd only can provide will be a big help. Thanks in advance. Like what The great guru Ata saying... stay green...
Only an idiot knows with certainty to where the market is going.
  • #39,177
  • Aug 31, 2018 4:08pm Aug 31, 2018 4:08pm
Quoting MrBullBear
{quote} Newbies doesn't understand some lingo you guys talking about. We are confused on where you guys are placing. Too technical conversation. Unless you specify by mentioning to go bulls or bear.. we are in the dark. Can you send us link or materials where can we study lingos and technicals needed to better understand what you are talking about prior to the video you are going to release? That way, it will be easier for the newbies to understand what you are about to teach on that video. Only if you still have time.. or is anybody here in team...
I hear you crystal clear Mr. BullBear..

Okay first: let's separate the thread into groups instead just calling them newbies and let's do it in a standard fashion like english grammar books do:

  1. Novice
  2. Beginner
  3. Pre-Intermediate
  4. Intermediate
  5. Upper-Intermediate
  6. Advanced

I think this list will do..

So.. based on this list I can already tell that the video course is targeting the "Pre-, Upper- and Intermediate" types of traders. That's because my upcoming video tutorial will not cover topics like:

  1. How to sign up with a trustworthy broker and start trading with demo or real account,
  2. How to install Metatrader along its indicators and expert advisors on a Mac, Windows or Mobile Operating System,
  3. Using Metatrader 4 or 5 (Basic)
  4. Using Metatrader 4 or 5 (Advanced)
  5. Money Management Basics for Forex Traders,
  6. Forex Technical Analysis,
  7. Forex Fundamental Analysis,
  8. Japanese Candlestick Patterns and The Ichimoku Cloud Indicator
  9. Fibonacci, Elliott Waves and Harmonic Patterns,
  10. Naked Trading Theory and Reading Price Action,
  11. Single and Multiple Timeframe Trading,
  12. Trading News and Important Financial Events,
  13. Trading Psychology in Forex Markets

Every novice or beginner must study the first 4 items on their own. There are gazillion of Youtube videos that teach around almost every topic I listed above.

My tutorial will actually cut the long story short to eliminate all the useless crap that would come with studying all the mentioned topics. I want to save you a lot of time by filtering out noise and to only introduce you to what really works. It will never be easy, but you will also not regret a thing of it.

I hope that me providing a topics list will ring a bell in your heads, so that you simply go to uncle Google or Youtube and make research of these topics on your own until the videos are out. Does that sound legit? I hope it does.. Is it a must to study all of the listed above to understand the lessons? No! Not at all! A basic understanding of the first 4 items would be enough!

My two cents..

Stay Green

Focus only on what truly matters!
  • #39,178
  • Aug 31, 2018 4:18pm Aug 31, 2018 4:18pm
Quoting MrBullBear
{quote} Newbies doesn't understand some lingo you guys talking about. We are confused on where you guys are placing. Too technical conversation. Unless you specify by mentioning to go bulls or bear.. we are in the dark. Can you send us link or materials where can we study lingos and technicals needed to better understand what you are talking about prior to the video you are going to release? That way, it will be easier for the newbies to understand what you are about to teach on that video. Only if you still have time.. or is anybody here in team...
https://www.babypips.com/learn

  • #39,179
  • Aug 31, 2018 4:37pm Aug 31, 2018 4:37pm
Quoting MrBullBear
{quote} Newbies doesn't understand some lingo you guys talking about. We are confused on where you guys are placing. Too technical conversation. Unless you specify by mentioning to go bulls or bear.. we are in the dark. Can you send us link or materials where can we study lingos and technicals needed to better understand what you are talking about prior to the video you are going to release? That way, it will be easier for the newbies to understand what you are about to teach on that video. Only if you still have time.. or is anybody here in team...
Read:

- Technical Analysis of the Financial Markets by John. J Murphy for technical analysis, candlesticks, some EW and cycles...
- Trade Your way to financial freedom by Van. K Tharp for risk management and system developement
- Trading in the Zone by Mark Douglas for the psyche
- Fundamentals not much to care about when daytrading except not trading when there is high impact news (or as you see fit)

- The rest you can look up on google, youtube, babypips, ...

And work from there, never stop learning.

Grtz
What's that smell? ---- I smell money!
  • #39,180
  • Aug 31, 2018 4:54pm Aug 31, 2018 4:54pm
Quoting Ata-Turkoglu
{quote} I hear you crystal clear Mr. BullBear.. Okay first: let's separate the thread into groups instead just calling them newbies and let's do it in a standard fashion like english grammar books do: Novice Beginner Pre-Intermediate Intermediate Upper-Intermediate Advanced I think this list will do.. So.. based on this list I can already tell that the video course is targeting the "Pre-, Upper- and Intermediate" types of traders. That's because my upcoming video tutorial will not cover topics like: How to sign up with a trustworthy broker...
I am very thankful that you really took an effort answering my concern and providing the much needed tools to prepare us to better understand your upcoming video to guide us. We are really excited. I hope beginners like me here can see your post so they can prepare themselves for the upcoming video of yours. May God bless your good heart and soul by giving you more wisdom. Like what you always said.... let's stay green.
Only an idiot knows with certainty to where the market is going.
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