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  • #63,501
  • Nov 28, 2018 8:48am Nov 28, 2018 8:48am
Quoting tashkent
no reason why it should not reach 1267 {image}
That would make a nice double bottom to try a buy hmm

Edit: Yeah... I think I’ll try. Buy limit 1.1266, 1.1256. SL 1.1246. Still wary of 1.129x resisting well to keep the bear trend but we will see.
You hesitate, you masturbate.
  • #63,502
  • Nov 28, 2018 8:54am Nov 28, 2018 8:54am
Hi guys,

closed all sell positions...its seem market has change sentiment....

waiting for the powell.... speech.

if 1hr candle is rejected at 1.12709 this create a double bottom......

so ill be on the side line for now.
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  • #63,503
  • Nov 28, 2018 8:55am Nov 28, 2018 8:55am
Moving SL to breakeven: 1.1280... Zero risk... If it drops it drops.. if not so be it..

Stay Green
Focus only on what truly matters!
  • #63,504
  • Nov 28, 2018 8:56am Nov 28, 2018 8:56am
Quoting engweijie
{quote} That would make a nice double bottom to try a buy hmm Edit: Yeah... I think I’ll try. Buy limit 1.1266, 1.1256. SL 1.1246. Still wary of 1.129x resisting well to keep the bear trend but we will see.
agree. if it does not get ugly.
As Above, So Below
  • #63,505
  • Nov 28, 2018 8:57am Nov 28, 2018 8:57am
bears r hereee i think
  • #63,506
  • Nov 28, 2018 9:00am Nov 28, 2018 9:00am
Quoting engweijie
{quote} That would make a nice double bottom to try a buy hmm Edit: Yeah... I think I’ll try. Buy limit 1.1266, 1.1256. SL 1.1246. Still wary of 1.129x resisting well to keep the bear trend but we will see.
Added 2 lots at 1.1270 to average my long down from 1.1360 to the figure. Going to be an expensive S/L at 1.1190
Patience is key
  • #63,507
  • Nov 28, 2018 9:01am Nov 28, 2018 9:01am
buy!!! 1.2775
sl 15 pips.
we are going to test 1.13
  • #63,508
  • Nov 28, 2018 9:01am Nov 28, 2018 9:01am
Data was quite a bit weaker then expected. Let's see if anyone cares.
  • #63,509
  • Nov 28, 2018 9:01am Nov 28, 2018 9:01am
Quoting engweijie
{quote} That would make a nice double bottom to try a buy hmm Edit: Yeah... I think I’ll try. Buy limit 1.1266, 1.1256. SL 1.1246. Still wary of 1.129x resisting well to keep the bear trend but we will see.
So much for Options Expiry. They do say that trading it only works if there isn't some other news in the way such as FED Speak.

Had a new BUY order at 1.1268 and missed by a pip.

EDIT- Closed my long at BE. Unsure of direction.
  • #63,510
  • Nov 28, 2018 9:02am Nov 28, 2018 9:02am
Quoting seenkat
{quote} Added 2 lots at 1.1270 to average my long down from 1.1360 to the figure. Going to be an expensive S/L at 1.1190
Wow I'm not sure about the 1.1360 trade but that 1.1270 looks pretty good so far! My limit buy was missed by 2 pips but I'll wait and see for now. Limits expire an hour before Powell.

Good luck!!

Quoting TheLaw1
{quote} So much for Options Expiry. They do say that trading it only works if there isn't some other news in the way such as FED Speak. Had a new BUY order at 1.1268 and missed by a pip.
Shit man that would have been a nice entry. Are you still planning to enter manually?
You hesitate, you masturbate.
  • #63,511
  • Nov 28, 2018 9:04am Nov 28, 2018 9:04am
Quoting engweijie
{quote} Wow I'm not sure about the 1.1360 trade but that 1.1270 looks pretty good so far! My limit buy was missed by 2 pips but I'll wait and see for now. Limits expire an hour before Powell. Good luck!!
Hahahaha... Powell has everyone spooked.
  • #63,512
  • Nov 28, 2018 9:05am Nov 28, 2018 9:05am
Quoting Mitiblotch
{quote} Hahahaha... Powell has everyone spooked.
Best stay away from stuff I'm not good at. I'll just watch post and the other fundies get this one

But it would be one real hilarious blue ball if the market doesn't move by more than 10 pips LOL
You hesitate, you masturbate.
  • #63,513
  • Nov 28, 2018 9:16am Nov 28, 2018 9:16am
bought at 1.12792.

let see if im right
Attached Image (click to enlarge)
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  • #63,514
  • Nov 28, 2018 9:16am Nov 28, 2018 9:16am
Quoting engweijie
My limit buy was missed by 2 pips but I'll wait and see for now. Limits expire an hour before Powell.
Took 1.12700 manually but put her SL to BE +1.5 because resistances aren’t too far away. First resistance I got is around 1.1280, next up (where I intend to TP and reverse) is 1.1295. Closes above 1.1300 will have me sidelined and reconsidering my bearish sentiment.

I wont buy a third touch of 1.1265/1.1270. But buy limit at 1.1256 remains.
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You hesitate, you masturbate.
  • #63,515
  • Nov 28, 2018 9:16am Nov 28, 2018 9:16am
If price hold lower highs below 1.1282 I'll sell to the 1.12159 level if s really get after it..if not I'll wait 4 s to hold higher lows above 1.1296-1.1300 and enter with target of 4 4HR candles #2L2Q #eur\usd
  • #63,516
  • Nov 28, 2018 9:18am Nov 28, 2018 9:18am
Quoting engweijie
{quote} Best stay away from stuff I'm not good at. I'll just watch post and the other fundies get this one But it would be one real hilarious blue ball if the market doesn't move by more than 10 pips LOL
LOL, that'd be a real black swan right there...
Patience is key
  • #63,517
  • Nov 28, 2018 9:21am Nov 28, 2018 9:21am
I don't care what Powell has to say. I believe the EU has bottomed out for about the next week so I am gathering positions in spite of a possible 'stop run' I even anticipate a false break and have stops in place to cover that contingency.
  • #63,518
  • Nov 28, 2018 9:23am Nov 28, 2018 9:23am
I can see it now... First indicator of his speech will be the hue of his tie.

Red will clearly imply dovish. Green bullish.

Any other color will cause complete pandemonium. Beware.
Patience is key
  • #63,519
  • Nov 28, 2018 9:24am Nov 28, 2018 9:24am
Quoting engweijie
{quote} Interesting. Could you give a quick translation on what the Spanish words mean please? Thanks for sharing
Mathematical Expectation:

1. The first column is percentage of winners
2. The first row the R:R rate
3. Percentage in the matrix is the profit you will get comparing %winners vs R:R when the trades tend to infinite.

For example:
1. If you use 1:1 you need 60% of winners to make money
2. If you use 1:2 you need 40% of winners to make money
3. And 2:1 you need at least 70% of winners to make money

For this trades the R:R should be perfect calculated and also the size of the entries must be the same. The value the pip also the same and the whole parameters.

So you need to use a demo account to look at what is better for you.

1.Begin with 1:1 and look after 10 trades how many winners you have
2. Then 1:1,5 and the same

Then keep R:R that gives you the best percentage in the table.

For example:
For a 1:1 you make 60% winners you got 20% long term profit
But a 1:2,5 you make only 40% winners you got 40% long term profit

So it is better 1:2,5. How you see is not only about winners is about a combination.

Practice to get your perfect combination of Winners and RR using you trading rules and your Capital always will be safe.

Thats all folks
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Don't believe me just watch!
  • #63,520
  • Nov 28, 2018 9:26am Nov 28, 2018 9:26am
Quoting LCForex
{quote} Mathematical Expectation: 1. The first column is percentage of winners 2. The first row the R:R rate 3. Percentage in the matrix is the profit you will get comparing %winners vs R:R when the trades tend to infinite. For example: 1. If you use 1:1 you need 60% of winners to make money 2. If you use 1:2 you need 40% of winners to make money 3. And 2:1 you need at least 70% of winners to make money For this trades the R:R should be perfect calculated and also the size of the entries must be the same. The value the pip also the same and the...
Woah I was only expecting a translation of the headers but thank you so much for the detailed explanations. Much appreciated my friend.
You hesitate, you masturbate.
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