Attachments: EURUSD only

EURUSD only

#61,481
Nov 20, 2018 6:00am Nov 20, 2018 6:00am

Moty
Joined Dec 2017 | Status: Trader | 30,688 Posts | Online Now

Beerish flag is forming at 5m

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yes yes yes

#61,482
Nov 20, 2018 6:07am Nov 20, 2018 6:07am

billy6
| Joined Aug 2010 | Status: Trader | 15 Posts

10 mins to the hour the market becomes slightly more lively than usual.
Good Afternoon all

#61,483
Nov 20, 2018 6:09am Nov 20, 2018 6:09am

Ata-Turkoglu
Joined May 2014 | Status: Full Time Trader | 27,132 Posts | Online Now

Quoting bigiivan

Disliked

{quote} I have noticed that You entering with half size lately. Are You trying some kind of new system or just don't like the market these days?

Ignored

No nothing new. It just feels like a "better practice" for every trade we are executing. I can't say "best practice" here because I might find even better ways later. But for now, the idea is: "7 or 8 out of 10 trades always have some drawdown before it turns back into profit. My drawdowns are 8 to 10 pips on average. So, I decided to always open a x/2 size trade first and then add the other half once I see 8 to 10 pips drawdown. That way I save myself from classic, initially set losses and it also gives me slightly better chances to run away easier with breakeven or small losses in case things go wrong. But if it ends up a direct winner then I can add the other half with the next RED or BLUE Dashed TL touch anyway. Overall it is better and smarter to do so. My half cents. I hope it clarifies.

Stay Green

Focus only on what truly matters!

#61,484
Nov 20, 2018 6:09am Nov 20, 2018 6:09am

danc
Joined Jun 2009 | Status: Trader | 7,795 Posts

Looks like a sell to me on the 4 hr patten.. i have taken short positions based on fibo cluster at hi and reversal candle and macd and Tdi.. but who knows

#61,485
Nov 20, 2018 6:14am Nov 20, 2018 6:14am

bokie
| Joined Aug 2010 | Status: Trader | 71 Posts

Quoting danc

Disliked

Looks like a sell to me on the 4 hr patten.. i have taken short positions based on fibo cluster at hi and reversal candle and macd and Tdi.. but who knows

Ignored

Next stop 1.1400

#61,486
Nov 20, 2018 6:22am Nov 20, 2018 6:22am

Whale
Joined Jun 2013 | Status: Trader | 14,544 Posts

Quoting bokie

Disliked

{quote} Next stop 1.1400

Ignored

new york will bring the fire..

i think we will see yesterday low

#61,487
Nov 20, 2018 6:22am Nov 20, 2018 6:22am

MzansiObi
Joined Feb 2016 | Status: Full Time Trader. | 5,429 Posts

Quoting Ata-Turkoglu

Disliked

{quote} No nothing new. It just feels like a "better practice" for every trade we are executing. I can't say "best practice" here because I might find even better ways later. But for now, the idea is: "7 or 8 out of 10 trades always have some drawdown before it turns back into profit. My drawdowns are 8 to 10 pips on average. So, I decided to always open a x/2 size trade first and then add the other half once I see 8 to 10 pips drawdown. That way I save myself from classic, initially set losses and it also gives me slightly better chances to run...

Ignored

Basically just managing your risk and money better.
while reducing exposure to massive drawdown on the long run.

So this way youre still able to enter more positions while youre in your buy/sell zones...

4&1 All Time Profit: $37,496

#61,488
Nov 20, 2018 6:23am Nov 20, 2018 6:23am

Techanalyst
| Membership Revoked | Joined Jul 2020 | 7,294 Posts

Closed my long for now. Very small loss no big deal. Now waiting until NY opens at 8am

#61,489
Nov 20, 2018 6:24am Nov 20, 2018 6:24am

Mitiblotch
Joined Sep 2017 | Status: Trader | 11,251 Posts

Quoting Ata-Turkoglu

Disliked

{quote} No nothing new. It just feels like a "better practice" for every trade we are executing. I can't say "best practice" here because I might find even better ways later. But for now, the idea is: "7 or 8 out of 10 trades always have some drawdown before it turns back into profit. My drawdowns are 8 to 10 pips on average. So, I decided to always open a x/2 size trade first and then add the other half once I see 8 to 10 pips drawdown. That way I save myself from classic, initially set losses and it also gives me slightly better chances to run...

Ignored

I noticed same drawdown of about 10 pips or a bit more in some of my trades and I've been trading half size just like you and enter the second half at the other best price and the rewards have been excellent. I don't do it as though I'm adding to a losing trade, no. But it helps me buy/sell so close to support/resistance and then buy/sell the support or resistance itself/false breaks. In all of it I have my stops predetermined.

Thanks for your ideas again and again.

#61,490
Nov 20, 2018 6:24am Nov 20, 2018 6:24am

bigiivan
Joined Jun 2018 | Status: An ordinary brother | 4,595 Posts

Quoting Ata-Turkoglu

Disliked

{quote} No nothing new. It just feels like a "better practice" for every trade we are executing. I can't say "best practice" here because I might find even better ways later. But for now, the idea is: "7 or 8 out of 10 trades always have some drawdown before it turns back into profit. My drawdowns are 8 to 10 pips on average. So, I decided to always open a x/2 size trade first and then add the other half once I see 8 to 10 pips drawdown. That way I save myself from classic, initially set losses and it also gives me slightly better chances to run...

Ignored

The important is that You are on profit at the end.
I am wondering if You didn't enter too early. Is there a way, when You see an opportunity, to wait for a drawdown to happen then open a trade.

#61,491
Nov 20, 2018 6:39am Nov 20, 2018 6:39am

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

Quoting engweijie

Disliked

Ranging now. Will wait for NY but idea is to sell as close to 1.1450 or buy as close to 1.1415.

Ignored

Pulled the trigger and bought 1.14183, half the usual size though because well, it's still a strong down trend.

H1 close below 1.1415 and I'll bail on this trade. Rough idea is to ride the NY reversal to 1.1450, then continue shorts. Of course, as per always, circumstances depending.

You hesitate, you masturbate.

#61,492
Nov 20, 2018 6:42am Nov 20, 2018 6:42am

Mitiblotch
Joined Sep 2017 | Status: Trader | 11,251 Posts

Hahaha... looks like we just realised that this is still a strong downtrend. In my country we'd say, "the bears showed bulls pepper today!"

More green pips to you.

#61,493
Nov 20, 2018 6:44am Nov 20, 2018 6:44am

Not-KPMG
Joined Jun 2015 | Status: Trader | 14,961 Posts

Quoting engweijie

Disliked

{quote} Pulled the trigger and bought 1.14183, half the usual size though because well, it's still a strong down trend. H1 close below 1.1415 and I'll bail on this trade. Rough idea is to ride the NY reversal to 1.1450, then continue shorts. Of course, as per always, circumstances depending.

Ignored

1415 is nice trendline.... 1400 nice stop losses.

Of course it'll dip below 1.1415. And then buy....somewhere. 1380 seems OK.Being overstretched, it may take a day to turn up.Trade safe

Beware of robber banks (RB), bad advisors.

#61,494
Nov 20, 2018 6:48am Nov 20, 2018 6:48am

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

Quoting Not-KPMG

Disliked

{quote} 1415 is nice trendline.... 1400 nice stop losses. Of course it'll dip below 1.1415. And then buy....somewhere. 1380 seems OK.Being overstretched, it may take a day to turn up.Trade safe

Ignored

Hello! Haven't seen you here in awhile, hope all is well. I agree 1.1400 on the dot would make a better buy opportunity. Happy trades to you too!

You hesitate, you masturbate.