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  • #52,401
  • Edited 7:00am Oct 14, 2018 6:32am | Edited 7:00am
Quoting Dingoman-two
{image} {image}
For those who desire the scalper wings:

Sad, but I've spend 6 of my weekend hours on a trading simulator.

We can't really expect to see the generous opportunities of the market if we don't put in the work; however, I can already see those opportunities so why the trading sim'? I wanted to know if a new tool adds value to my core tool (the Pitchfork); I can't trade regular size lots without knowing this and it would take many weeks of live trading to have a statistically significant number of trades to reach confident conclusions. So I managed to do the equivalent of 3 years live trading in 6 hours. Yes it is a chore but this is my capital so any amount of due diligence is worth it, right? Those who claim trading forex doesn't require a time commitment are living in cloud Cuckoo Land. After 6 hours I took a break so paused the simulator; when I returned to continue, Windows 10 had decided to arbitrarily perform an update, guess this was the FX Gods saying "chill homie".

Anyway, the point of this post is just to state that all top performers practice practice practice because practice practice practice makes perfect.

I use FXBlue's FREE trading simulator. It allows me to see MTFs...I can't be bothered to explain what it can do but if you're interested in the practice of trading historical setups, you can't go wrong checking it out. IF you're not sure where to find it, Google the name.

ADDITIONALLY, there are trading panel add-ons available that make the job of placing orders much easier. They allow Limit, stop, market, OCO etc; they allow you to decide R/R before the trade is place automatically, percentage of balance MM etc. The last thing I need to is be fiddling around with MT4 generic orders in the heart of battle. Google "MT4 Trading panels" if you're interested.
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  • #52,402
  • Oct 14, 2018 8:46am Oct 14, 2018 8:46am
After these scenario i don't beleive in short'sss (at last for monday for next days we have to wait) good luck all
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  • #52,403
  • Oct 14, 2018 9:17am Oct 14, 2018 9:17am
Quoting mizi123
After these scenario i don't beleive in short'sss (at last for monday for next days we have to wait) good luck all {image}
i hope that you are right. i also stuck in a buy trade. only a big angry bull can save me
WMTP (Where is MahiN There is Problem)
  • #52,404
  • Oct 14, 2018 9:22am Oct 14, 2018 9:22am
Quoting MahiNbd
{quote} i hope that you are right. i also stuck in a buy trade. only a big angry bull can save me
You need to obey yourself what you do is best dont allow yourself to get traped in untested moves...
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  • #52,405
  • Oct 14, 2018 9:27am Oct 14, 2018 9:27am
A speculative question: does anyone know a good accounting program for forex traders/general traders that will allow the importation of broker' statements? I've tried google but no use. I assume someone here is using such software.
  • #52,406
  • Oct 14, 2018 9:35am Oct 14, 2018 9:35am
scenario for next week .
i figured it out what is the right way to count the waves in the move of last week . There a lot of Messyness but it's looks like there is 3 majur moves .
I belive that tommorow we will get the c leg and on the next day it will start to rise again .
So tommorow ,a move to 1.15800 , and then a drop to 1.15000-1.15170 .
Let's see where the pivot line will open . I will enter a position RespectivelyI to him to the close pivot s or r , and this time i will stay until it gets there.
I hope the eu will open with a gap close as it gets to my bad long entry at 1.15790 , now its stand at 1.15650
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yes yes yes
  • #52,407
  • Oct 14, 2018 9:52am Oct 14, 2018 9:52am
Quoting Moty
. So tommorow ,a move to 1.15800 , and then a drop. I hope the eu will open with a gap close as it gets to my bad long entry at 1.15790 , {image}
I agree with that part. My plan for the open is if it gaps to 1580, short it on confirmation.
  • #52,408
  • Oct 14, 2018 10:18am Oct 14, 2018 10:18am
Looks like 90% here on FF are bull for EU,

very curiius to see how monday will open.

Trade safe all .
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #52,409
  • Oct 14, 2018 10:32am Oct 14, 2018 10:32am
Just my two cents ....
Week has made HH-LL
Day has made LL-HH

So kind of indecision....but just look at all those enormous pin bars on the week-chart !
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in wondering about yourself, you forgot what you came here to be part of
  • #52,410
  • Oct 14, 2018 10:46am Oct 14, 2018 10:46am
Quoting Almo2312
Looks like 90% here on FF are bull for EU, very curiius to see how monday will open. Trade safe all .

Agreed but to start any meaningful recovery , EU needs to settle the Italy saga until then sell the high could always get the priority. IMO

Best wishes.

Happy Trading.
Trades technical moves enforced by fundamentals
  • #52,411
  • Oct 14, 2018 11:08am Oct 14, 2018 11:08am
Quoting sponge
If the bulls are in it they could just keep testing 1.1520 area killing the bears with the dips but closing above by month end, time is with them atm Another point, are the bulls happy trading at the 3rd quarters 50% level ? hmmm don't think so I think these are the critical levels atm, the further away from these levels the more the bulls will kick like a mule..... if they are still in just my thoughts
Market closed at 1.1557 on Friday which is Q3's 50% level.

A move to support at 1.1547/31 and maybe 1.1520 could be on the cards if we go below, I think this is likely at the open (eyes on Fridays pivot)

Volume ended the week a bit negative imo

Good luck
All charts/ideas based on UK time zone
  • #52,412
  • Oct 14, 2018 11:08am Oct 14, 2018 11:08am
Someone else noticed the cup and handle pattern that seems to appear since 15min DXY ? It look clearer in 30 and 45 min chart. Also I can say that is happening somethin with DXY RSI. It is holding above a special level that i have in my technical analys of -45.9569 For al the Weekly, Day and 12H chart, the curious thing is that 15min chart is also holding this level despite smaller timeframes not.

My bias is that DXY will continue going north and EUR south.

Also i find convergence criteria analysing EURUSD RSI and MACD.

Price will tell. Have a green week
  • #52,413
  • Oct 14, 2018 11:09am Oct 14, 2018 11:09am
Quoting Moty
scenario for next week . i figured it out what is the right way to count the waves in the move of last week . There a lot of Messyness but it's looks like there is 3 majur moves . I belive that tommorow we will get the c leg and on the next day it will start to rise again . So tommorow ,a move to 1.15800 , and then a drop to 1.15000-1.15170 . Let's see where the pivot line will open . I will enter a position RespectivelyI to him to the close pivot s or r , and this time i will stay until it gets there. I hope the eu will open with a gap close as...
Counting waves will always lead to recounting and recalculating . Of course there is going to be messiness in something that lumbers slowly about averaging 8 to 10 pips a day in a trending direction . A quick heavily preached top down approach ,,,,, lets see what do we have ,,, A break out last year above 2 year range highs ,, above a daily 200, a roughly 100 pip gap to get above said average last year ,,, thru a weekly 200 all the way up to fail at where the monthly 200 and a good chart resistance point . What has it done since , Drifted back down to where ,, maybe the top or base of 2 year range highs ,,, yep there it is ,,, what else ,, a tap of the ole weekly 200 ,,yep there it is . The process of finding a level to gather itself back up and make another run is not going to be fast or follow much of anything other than a few LEVELS while it sorts itself using what ,,, the things that happen on any given day ,,, you know the list . Left a bit of a gap from where it whacked the sup on the monthly ,,, its now been filled . On to something that could help one a weekly basis ,,, climbed up to fail where after filling the gap ,, bit of a drop from the weekly high area ,,,,, is it still above a M30 200 yes it still is ,,,, still above the gap area ,yes it is ,,,,,,holds the 1540 ish level then chopping away towards the 17ish area not out of the question ,,, Monthly indis around the 50 line or 0 line depending on what one looks at . In short ,,,, between 1540 ,,area top of gap fill and and 1600 ,,, weekly highs or quarterly open . Still above m30 200 ,, lets get the 1st line in the sand printed for the week ,,,, get a few more weekly levels on the chart ,,,, have a little fun playing the usually 15 to 25 pip Asian range, then see where frankie and london start it off towards ,,,dukes up traders ,, opening for the week is a coming ,,,cheers all
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  • #52,414
  • Oct 14, 2018 11:33am Oct 14, 2018 11:33am
Quoting mizi123
After these scenario i don't beleive in short'sss (at last for monday for next days we have to wait) good luck all {image}
I have the same views about the EU on Monday. I will wait the london open on monday and let see what doers offer money in london session.
price had nice broke weekly the last week pivot and tested is and bounce nicely and closed above weekly pivot. An other reason is price has closed above NFP high which it has tested after breaking it. US session range remained very tight and it has made a poor low and US closed slightly above its open so shorts in this scenario could be dangerous. Price has nicely bounced H1 200EMA and closed above. an other reason to negate the idea to short is that price has closed above the 50% of last week after retesting it.
NOTE: thick blue lines are NFP HIGH/LOW lines
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MRMALIK1
  • #52,415
  • Oct 14, 2018 11:33am Oct 14, 2018 11:33am
I consider that opening longs either shorts are same gamblers because there is f...ing a lot of major news comes from Brexit and FOMC. Better stay on stanby position.
  • #52,416
  • Oct 14, 2018 11:48am Oct 14, 2018 11:48am
Quoting Sunnyland
I consider that opening longs either shorts are same gamblers because there is f...ing a lot of major news comes from Brexit and FOMC. Better stay on stanby position.
NEWS is always a trap the use it to trap the traders..look EU daily price has closed above daily support on weekly close and H&S Pattern on daily too .
price might go towards the last BO area to test and MS1. Which is 1.14805
MRMALIK1
  • #52,417
  • Oct 14, 2018 12:07pm Oct 14, 2018 12:07pm
Quoting digger1
{quote} Counting waves will always lead to recounting and recalculating . Of course there is going to be messiness in something that lumbers slowly about averaging 8 to 10 pips a day in a trending direction . A quick heavily preached top down approach ,,,,, lets see what do we have ,,, A break out last year above 2 year range highs ,, above a daily 200, a roughly 100 pip gap to get above said average last year ,,, thru a weekly 200 all the way up to fail at where the monthly 200 and a good chart resistance point . What has it done since , Drifted...
nice and brief charts
thanks for sharing buddy

regards
MRMALIK1
  • #52,418
  • Oct 14, 2018 12:30pm Oct 14, 2018 12:30pm
Quoting mrmalik1
{quote} NEWS is always a trap the use it to trap the traders..look EU daily price has closed above daily support on weekly close and H&S Pattern on daily too . price might go towards the last BO area to test and MS1. Which is 1.14805
Seems you have better understanding what to do tomorrow but I don`t. Good luck with trades.
  • #52,419
  • Edited Oct 15, 2018 2:44am Oct 14, 2018 12:58pm | Edited Oct 15, 2018 2:44am
Deleted this post, it went down like a lead baloon
All charts/ideas based on UK time zone
  • #52,420
  • Oct 14, 2018 1:33pm Oct 14, 2018 1:33pm
Given the September 27th breakdown and resulting weekly bearish engulfing candle, I wasn’t interested in buying the euro.
It didn’t take long for euro bears to breach 1.1530 support. Yesterdays 1.1476 got the job done which means the area should begin to attract sellers on a retest as new resistance.
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