Attachments: EURUSD only

EURUSD only

#46,221
Sep 24, 2018 6:45am Sep 24, 2018 6:45am

kayikayi
Joined Jun 2018 | Status: Trader | 1,035 Posts

if we get only this shallow of a retracement then ...yes up it is

#46,222
Sep 24, 2018 6:47am Sep 24, 2018 6:47am

Ata-Turkoglu
Joined May 2014 | Status: Full Time Trader | 27,258 Posts | Online Now

H1-M15 Status Update

Fixed LO to LO trendline on H1.. Please ignore my previous chart from earlier this morning (*seems like nobody noticed

lol)

1.1756 is potential support (Calculated with RED TL to GREEN LWMA line estimated intersection) and generally speaking: SL of any long trades should be safe 5 pips below it.

It looks like trend is maybe slowly shifting towards bullish side, but since GREEN line is flat-ish, I don't rush. My short trade is still running! In case of a RED TL breakout I would cancel my short and open a fresh long order with help of M5.

Stay Green

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Focus only on what truly matters!

#46,223
Sep 24, 2018 6:48am Sep 24, 2018 6:48am

Donwealt
| Joined Aug 2018 | Status: Trader | 676 Posts

Quoting engweijie

Disliked

{quote} Was looking at M5 and M1 A/D and RSI and it was a now or never thing lol was worth a shot. The highest point of that wick was only 0.5 pips higher than my entry. Can always re-enter if I’m stopped out no biggie..

Ignored

Always felt that entering immediately after being stopped out, invalidates the wisdom of having a BE SL there as at then. If being stopped out as at then does not imply change of market dynamics by your analysis, then having an SL as at then and hoping to reenter if stopped out does you no good. (Just making money for the broker). Having that SL there as at then may be unnecessary. SL is meant to protect when market dynamics change and not be a hindrance. If SL was to protect, why jump back immediately into what you're protected from?

The art of SL and Trailing SL is one of the finest details that make certain traders special. I'm still trying to learn it though.

#46,224
Sep 24, 2018 6:48am Sep 24, 2018 6:48am

sponge
| Joined Apr 2018 | Status: Trader | 1,732 Posts

Looks like price is anticipating some good Daghi news

All charts/ideas based on UK time zone

#46,225
Sep 24, 2018 6:51am Sep 24, 2018 6:51am

Mourad
| Joined Sep 2013 | Status: Trader | 42 Posts

I'm still in the 2nd long order, has been running for 3 hours now.
Took the trade based on BO of the angled trendline. I know I'm following the rules mechanically, but that's only too get used to spotting entries. Next stage will be picking the trades that have more potential than
others
Edit: all trades are taken on live account using smallest lot size

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#46,226
Sep 24, 2018 6:53am Sep 24, 2018 6:53am

engweijie
Joined Aug 2018 | Status: Full-Time Gambler | 2,549 Posts

Quoting Donwealt

Disliked

{quote} Always felt that entering immediately after being stopped out, invalidates the wisdom of having a BE SL as at then. If being stopped out as at then does not imply change of market dynamics by your analysis, then having an SL as at then and hoping to reenter if stopped out does you no good. (Just making money for the broker). Having that SL there as at then may be unnecessary. SL is meant to protect when market dynamics change and not be a hindrance. If SL was to protect, why jump back immediately into what you're protected from? The art...

Ignored

I don’t disagree. Reversing immediately is probably just ‘revenge trading’ in most situations. However, in this case I see it as 2 separate trades/situations and not a ‘oh I got stopped out so I’m gonna reverse to make up for it’ thing.

I was already getting signals on M15 and M5 to dump my buy when price couldn’t touch 1.1775. I should’ve dumped my buy there and then but I didn’t listen even though my bias had already shifted when I expected a solid pull at 1.1775/1.1780 area so that was my bad. Once I got stopped out, I observed a little and when price approached that level again I just took it.

You hesitate, you masturbate.

#46,227
Sep 24, 2018 7:00am Sep 24, 2018 7:00am

Tekin
Joined Jul 2018 | Status: Trader | 1,431 Posts

Quoting wasntme

Disliked

is this site slow for anyone else?

Ignored

Slow? Fot me fast enough maybe faster then enough

#46,228
Sep 24, 2018 7:01am Sep 24, 2018 7:01am

Sossos
Joined Apr 2013 | Status: Trader | 684 Posts

It's pretty damned amazing to watch what happens in the last couple minutes of that hourly bar. They'll spend 58 minutes on the opposite end and then close in the last 2 or 3 minutes at the other end.

#46,229
Sep 24, 2018 7:04am Sep 24, 2018 7:04am

Mourad
| Joined Sep 2013 | Status: Trader | 42 Posts

Quoting Sossos

Disliked

It's pretty damned amazing to watch what happens in the last couple minutes of that hourly bar. They'll spend 58 minutes on the opposite end and then close in the last 2 or 3 minutes at the other end.

Ignored

A while ago I noticed the same anomaly, and was thinking to code something for that [ a scalping EA], but when I checked it back, I found out that it doesn't necessarily affect the direction of the following bar, so it was 50/50, no edge..

#46,230
Sep 24, 2018 7:07am Sep 24, 2018 7:07am

Floryn
| Joined Jul 2018 | Status: Trader | 167 Posts

Quoting Ata-Turkoglu

Disliked

H1-M15 Status Update Fixed LO to LO trendline on H1.. Please ignore my previous chart from earlier this morning (*seems like nobody noticed lol)

Ignored

I noticed and asked myself where's the LO to LO TL on your chart

? Thought you did that intentionally.

#46,231
Sep 24, 2018 7:15am Sep 24, 2018 7:15am

kayikayi
Joined Jun 2018 | Status: Trader | 1,035 Posts

Quoting sponge

Disliked

Looks like price is anticipating some good Daghi news

Ignored

For me I think they will hike the price for Draghi to smash it!! lol
in 45 minutes

#46,232
Sep 24, 2018 7:19am Sep 24, 2018 7:19am

Donwealt
| Joined Aug 2018 | Status: Trader | 676 Posts

Quoting engweijie

Disliked

{quote} I don’t disagree. Reversing immediately is probably just ‘revenge trading’ in most situations. However, in this case I see it as 2 separate trades/situations and not a ‘oh I got stopped out so I’m gonna reverse to make up for it’ thing. I was already getting signals on M15 and M5 to dump my buy when price couldn’t touch 1.1775. I should’ve dumped my buy there and then but I didn’t listen even though my bias had already shifted when I expected a solid pull at 1.1775/1.1780 area so that was my bad. Once I got stopped out, I observed a little...

Ignored

Sorry I wasn't following your trade before I posted that. I didn't mean that one must reverse position immediately one is stopped out. Surely that's revenge trading too. I mean after being stopped out (for properly placed SL), one needs to reassess the market dynamics and then decide which position to take. "Being on the sidelines" is a position too I believe. If one is stopped out and market dynamics still point in his initial direction, that SL wasn't properly placed or for a properly placed SL, the market isn't suitable for that person's strategy at that time & calls for being on the sidelines.

This my personal belief, don't know if I'm right. The art of of properly placing SL is one detail I'm struggling so hard to learn.

Cheers.

#46,233
Sep 24, 2018 7:29am Sep 24, 2018 7:29am

kayikayi
Joined Jun 2018 | Status: Trader | 1,035 Posts

got out of sell at 1.1763....limbo right now...wanna buy but not this close to the speech, I might be dragged by Draghi

#46,234
Sep 24, 2018 7:32am Sep 24, 2018 7:32am

Mitiblotch
Joined Sep 2017 | Status: Trader | 11,343 Posts

Quoting kayikayi

Disliked

got out of sell at 1.1763....limbo right now...wanna buy but not this close to the speech, I might be dragged by Draghi

Ignored

Price looks like it wants to jump.