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EURUSD only

  • #48,481
  • Sep 28, 2018 8:28am Sep 28, 2018 8:28am
Short from 1.1587
Stop at BE

Good Morning from Texas!
  • #48,482
  • Sep 28, 2018 8:29am Sep 28, 2018 8:29am
Quoting mjbecker
I thought we were holding long positions on Wednesday. Then the price dropped. I held on to my long. And now I wake up in big trouble. Is there any hope this is going to turn around or shold I just take my loss befor the close today?
we are on "sell the highs mode", so... this seems not likely to go much higher today...or at least until H1 closes above 1.6000, bulls are in bad zone...
just my 5 cents,
i'm scalping long, trending short...
IMHO you should live to trade another day, but i don't know your drawdown....
If you don't know how to earn money, don't loose it.
  • #48,483
  • Sep 28, 2018 8:29am Sep 28, 2018 8:29am
Quoting Ata-Turkoglu
{quote} The system is actually not really a system.. It is a filtered bunch of rules made from my own and other traders' "best practices" and therefore yes it works everywhere, every currency, every instrument as long as you alter the "Green" line settings according to the instrument you are trading. It works on any chart that has elements of a "trend". I prefer M15, H1 and daily timeframes. But again system will work on any timeframe un-exceptionally! Stay Green
Hi ATA,. I am getting confused again, are you saying 54LWMA should be changed to something else on another instrument?
  • #48,484
  • Sep 28, 2018 8:33am Sep 28, 2018 8:33am
Quoting mjbecker
I thought we were holding long positions on Wednesday. Then the price dropped. I held on to my long. And now I wake up in big trouble. Is there any hope this is going to turn around or shold I just take my loss befor the close today?
what? how bad are you in? its going to get worse.
  • #48,485
  • Sep 28, 2018 8:33am Sep 28, 2018 8:33am
Quoting coolmakina
{quote} we are on "sell the highs mode", so... this seems not likely to go much higher today...or at least until H1 closes above 1.6000, bulls are in bad zone... just my 5 cents, i'm scalping long, trending short... IMHO you should live to trade another day, but i don't know your drawdown....
Nevetheless this fast drops on M15, are seen with low activity/volume, it can be that bears are lossing steam or just taking a break...its friday, last day of week, last day on month, last day of quarter, .... last day for some acounts...
....
Stay green, stay cool, i'm staying out for the weekend, at least no more trading today...
If you don't know how to earn money, don't loose it.
  • #48,486
  • Sep 28, 2018 8:35am Sep 28, 2018 8:35am
fast buy and fast sell.....only to take stops

be careful
I THINK...
Big children will make quick moves in buy and then a return to collect the buy stops.
this generates that the market has a lower price and then slowly the big children will buy in buy
I THINK ... be careful with quick buybacks and their return
Attached Image (click to enlarge)
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  • #48,487
  • Sep 28, 2018 8:37am Sep 28, 2018 8:37am
i closed half to replenish my coffers...gona short more higher up
buy the rumor,sell the news
  • #48,488
  • Sep 28, 2018 8:37am Sep 28, 2018 8:37am
if m15 closes a hammer. maybe we can continue to short again.
  • #48,489
  • Sep 28, 2018 8:38am Sep 28, 2018 8:38am
BULL will try & defend the daily close above. 1.15379
Attached Image (click to enlarge)
Click to Enlarge Name: EU NEW.png Size: 59 KB
Self discipline It is a practice
  • #48,490
  • Sep 28, 2018 8:39am Sep 28, 2018 8:39am
Right in the money.......
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 252 KB
This is not investment/trading advise. Will not hold accountable for loss
  • #48,491
  • Sep 28, 2018 8:40am Sep 28, 2018 8:40am
so far, this seems to be supporting very well...
but FIB S5 1.15868 also as resistance....
M5
Attached Image
If you don't know how to earn money, don't loose it.
  • #48,492
  • Sep 28, 2018 8:41am Sep 28, 2018 8:41am
Quoting Johnwerks
{quote} what? how bad are you in? its going to get worse.
For me, very bad. On Wednesday I went long at 1.17750. Price is now at 1.15785. Unless I'm not understanding things correctly, that is a near a 200 pip drop. In USA, I can't hedge or scalp the waves while holding a position. So a 200 PIP drop is a disaster.
  • #48,493
  • Sep 28, 2018 8:42am Sep 28, 2018 8:42am
Quoting wasntme
i closed half to replenish my coffers...gona short more higher up
Thats a good idea. Better to loose half now and fight again when the market opens.
  • #48,494
  • Sep 28, 2018 8:43am Sep 28, 2018 8:43am
Quoting mjbecker
{quote} For me, very bad. On Wednesday I went long at 1.17750. Price is now at 1.15785. Unless I'm not understanding things correctly, that is a near a 200 pip drop. In USA, I can't hedge or scalp the waves while holding a position. So a 200 PIP drop is a disaster.
disaster is leaving a trade open without SL...
If you don't know how to earn money, don't loose it.
  • #48,495
  • Sep 28, 2018 8:46am Sep 28, 2018 8:46am
Quoting mjbecker
{quote} For me, very bad. On Wednesday I went long at 1.17750. Price is now at 1.15785. Unless I'm not understanding things correctly, that is a near a 200 pip drop. In USA, I can't hedge or scalp the waves while holding a position. So a 200 PIP drop is a disaster.
I hope it's not a 1 lot or more trade.....
This is not investment/trading advise. Will not hold accountable for loss
  • #48,496
  • Sep 28, 2018 8:48am Sep 28, 2018 8:48am
Quoting coolmakina
{quote} disaster is leaving a trade open without SL...
Dont worry. You are not the only one. I went short 2 lots from 1.164 and closed it on 1.176. But now the market is 1.158. How unlucky
  • #48,497
  • Sep 28, 2018 8:49am Sep 28, 2018 8:49am
And i saw someone saying that it will hit 1.200. Lolx
  • #48,498
  • Sep 28, 2018 8:50am Sep 28, 2018 8:50am
Quoting Juan007
fast buy and fast sell.....only to take stops be careful I THINK... Big children will make quick moves in buy and then a return to collect the buy stops. this generates that the market has a lower price and then slowly the big children will buy in buy I THINK ... be careful with quick buybacks and their return {image}
I agree, it is quite likely it will be pushed down further. However, there are a whole set of pins on the 30min chart that shows SM buying. If they don't have sufficient, they will push price down again to get the non smart money selling and they will load up more buys. I have bought small and will try to emulate them unless they show clear signs of loading up shorts.

I think the most likely scenario is that it will go into a period of consolidation before they show their hand as to whether the next trend move will be up or down but there could be money to be made within the consolidation channel by doing the same as the SM.
Attached Image (click to enlarge)
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  • #48,499
  • Sep 28, 2018 8:50am Sep 28, 2018 8:50am
Quoting coolmakina
{quote} disaster is leaving a trade open without SL...
Very true, I am trying to come to terms as to what that level should be. I have set it to 10 pips in the past and then afew minutes after the SL is hit, the price rebounds in my favor.

At what point do you just set a SL and live with it?
  • #48,500
  • Sep 28, 2018 8:50am Sep 28, 2018 8:50am
Quoting dele5000
{quote} Hi ATA,. I am getting confused again, are you saying 54LWMA should be changed to something else on another instrument?
Yes for each instrument you are trading you might have to "slighlty" alter it if necessary based on why we started to use that line in the first place.. You simply apply the same logic.. Check image below to understand better.

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: 01-01-The-54-LWMA-Line.png Size: 72 KB
Focus only on what truly matters!
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