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  • #1,147,381
  • Jan 2, 2019 9:12pm Jan 2, 2019 9:12pm
Quoting mbrown
{quote} How can a trader be as correct as me? How is it even possible?
It's actually impossible, you're the only one who can do that!
Member
  • #1,147,382
  • Jan 2, 2019 9:15pm Jan 2, 2019 9:15pm
Quoting TudorIoan
{quote} It's actually impossible, you're the only one who can do that!
Gotta love his humility!

And what are you doing around here? Thought you were sidelined til after NFP?!
A snails pace wins the race :-)
  • #1,147,383
  • Jan 2, 2019 9:24pm Jan 2, 2019 9:24pm
Quoting TudorIoan
{quote} It's actually impossible, you're the only one who can do that!
Hahaha
MRMALIK1
  • #1,147,384
  • Jan 2, 2019 9:28pm Jan 2, 2019 9:28pm
Quoting JustPipMe
{quote} Gotta love his humility! And what are you doing around here? Thought you were sidelined til after NFP?!
Yeap, right, just chattin
I stood out because of the NFP-week and the new-year-start unpredictibility.
But it looks like I was a fool, I should have joined the game with the real money.
Yesterday it would have been a perfect day for my sys.
I guess I'll start next week though, ...still holiday lazy and hangover this week
Member
  • #1,147,385
  • Edited Jan 3, 2019 4:58am Jan 2, 2019 9:40pm | Edited Jan 3, 2019 4:58am
Nice tanking to 1.1303 perfect to test buy but not enough as support, next levels possible 1.1283-/1215 as previous low. Now may range to 1413 to down further in daily tf with weekly close below 1360 in intention!one thing should be clear, all longs should be test in nature, that is must have SL or set be to play as test only orders and if price tries the previous low then better avoid at possible bottom play as it further may tank to next support zones 1.1111/1.0955 or lows easily. Take care.
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,147,386
  • Jan 2, 2019 9:58pm Jan 2, 2019 9:58pm
Quoting Superflex
FYI, Oanda froze their platform. cant enter or exit trade. Has anybody experience this?
Quoting mkvy
XM spreads are huge. Instaforex is normal
Hi, there. This happens when extremely low liquidity in the market (or among broker's customers)
Frequently at the start of the year, the open of the Sydney session, Mondays......
Yeap, Oanda even blocked for a little while...
Member
  • #1,147,387
  • Jan 3, 2019 12:45am Jan 3, 2019 12:45am
I can't lie. From the look of my chart, price is moving up to bestow a sense of false security on the bull masses before falling suddenly off a cliff to the downside. Initial target 1.12096.
  • #1,147,388
  • Jan 3, 2019 12:54am Jan 3, 2019 12:54am
The first 2 breaches are forgivable, the proverbial 3rd breach is not!!! Bears ahoy!!!!

You'll be forgiven for thinking that is a simple trendline but no...it is my new laser price attracting straight line...invented by me!
Attached Image (click to enlarge)
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  • #1,147,389
  • Jan 3, 2019 1:57am Jan 3, 2019 1:57am
Oscillation on 1400, within 1300 and 1500
Attached Image (click to enlarge)
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Member
  • #1,147,390
  • Jan 3, 2019 2:05am Jan 3, 2019 2:05am
Quoting TudorIoan
Oscillation on 1400, within 1300 and 1500 {image}
Easy to spot on W1
Attached Image (click to enlarge)
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Member
  • #1,147,391
  • Jan 3, 2019 2:25am Jan 3, 2019 2:25am
Quoting TudorIoan
{quote} Easy to spot on W1 {image}
It depends on the chart points you want to connect.
Risk Management is of utmost importance!
  • #1,147,392
  • Jan 3, 2019 2:27am Jan 3, 2019 2:27am
Quoting RCtrader
{quote} It depends on the chart points you want to connect.
Of course.
But the whole point is to pick the dominant axis, range borders, trend lines...
Otherwise everything is purely random.
Member
  • #1,147,393
  • Jan 3, 2019 2:47am Jan 3, 2019 2:47am
FX markets were rattled in thin liquidity amid fresh global growth fears after Apple cut its Q1 revenue forecast, citing weaker Chinese sales. This spurred safe-haven demand into the JPY. Finally, amidst all the above, the Dollar index declined further below 97.000 and tested 96.500 to the downside ahead of the psychological 96.000 level and its 100 DMA at 95.987.

EUR has been slightly more resilient than some of its peers despite a blip lower in EUR/JPY which led EUR/USD to a session low of 1.1310 with the multi-bloc currency thereafter able to benefit from touted short-covering and a broadly softer USD. As such, EUR/USD now trades around 20 pips shy of 1.1400 where 1bln in expiries are due to roll-off at the NY cut.

Option expiries of note for today's 15:00 GMT:
EUR/USD: 1.1315-30 (0.595 BLN), 1.1375-85 (0.862 BLN), 1.1400 (1.0 BLN).

Closed my short at 1.1310 that I have opened at 1.1460 on the last day of 2018. I did not wait for the 1.1300 initial target due to the aggressive move to the downside yesterday. Now I am waiting for a strong upward correction.
  • #1,147,394
  • Jan 3, 2019 2:49am Jan 3, 2019 2:49am
Quoting Jonstaples
FX markets were rattled in thin liquidity amid fresh global growth fears after Apple cut its Q1 revenue forecast, citing weaker Chinese sales. This spurred safe-haven demand into the JPY. Closed my short at 1.1310 that I have opened at 1.1460 on the last day of 2018. I did not wait for the 1.1300 initial target due to the aggressive move to the downside yesterday. .
Great trade, Jon!
Member
  • #1,147,395
  • Jan 3, 2019 3:02am Jan 3, 2019 3:02am
On a Daily TF all goes as planned!
2 TL's, break down area + 2 MA's are keeping PA in check and below 1.15.
Zooming down to H4 we can see levels in details, Vacuum Tube level of 1.1312 was just filled, which leaves us with VT at 1.1422 and that will be the level to look for short positioning.

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Instagram - FX_ELITE_Europe | In Search of #BIG_R | Need No Small Pips
  • #1,147,396
  • Jan 3, 2019 3:16am Jan 3, 2019 3:16am
New Year's FF Resolution:

@ I will reduce troll posts to 3 a day...this is my idea and concept!
  • #1,147,397
  • Jan 3, 2019 3:54am Jan 3, 2019 3:54am
Quoting mbrown
New Year's FF Resolution: @ I will reduce troll posts to 3 a day...this is my idea and concept!
Here's mine:
@ I will reduce my brandy shots to 3 a day (150 ml)
Member
  • #1,147,398
  • Jan 3, 2019 5:10am Jan 3, 2019 5:10am
Traders have to be amongst the most delusional people in the world.

You and I know a huge percentage of traders had their accounts blown after yesterday's flash crash, how come know one has come out? It is understandable why some traders prefer the head in sand approach, the down side to this approach is the learning that can take place by coming out.

Case in point, a friend of mine who is an "honest trader" (two words that don't always sit comfortably together) told me he had blown his main account due to the flash crash. He didn't have to tell me this but like I wrote he is an honest person. Because he was honest about his predicament, that is, he came out; I was able to say to him, "no problem bro' I have an algo that will get you back to where you were in a few months but you should only risk 1% per trade". (I'm up 40% in two weeks using this algo at 1% per trade so why risk more?)

Moral of the story: honesty in this line of work goes a long way...SOMETIMES! I'm not suggesting that if you blow your account an extremely intelligent, good-looking and savvy trader will give you a money-spitting algo; however, I am suggesting that the Universe can't help you unless you put it out there.
  • #1,147,399
  • Jan 3, 2019 5:27am Jan 3, 2019 5:27am
Quoting mbrown
Traders have to be amongst the most delusional people in the world. Moral of the story: honesty in this line of work goes a long way...SOMETIMES! I'm not suggesting that if you blow your account an extremely intelligent, good-looking and savvy trader will give you a money-spitting algo; however, I am suggesting that the Universe can't help you unless you put it out there.
Hey, what makes you think you can drink more than I do?!
Hey, hey, ...ok, look at me now! I have never blew an account! Not even a Demo account! Dig?
I think is impossible to blow off an account unless you're a greedy stupid person. Period.
What's the matter with you? You seemed as a fine trader to me!!! I have never expected to see you in a melancholic moooood!!!
Forget the shit about the Universe.... !
Member
  • #1,147,400
  • Jan 3, 2019 5:29am Jan 3, 2019 5:29am
Quoting mbrown
Traders have to be amongst the most delusional people in the world. You and I know a huge percentage of traders had their accounts blown after yesterday's flash crash, how come know one has come out? It is understandable why some traders prefer the head in sand approach, the down side to this approach is the learning that can take place by coming out. Case in point, a friend of mine who is an "honest trader" (two words that don't always sit comfortably together) told me he had blown his main account due to the flash crash. He didn't have to tell...
Good to see you MBrown. I decided I would not trade until Monday so I wasn't in. But that said, I was bummed I missed it as I am usually short EURJPY. I also know a few people who caught it short and made a bundle.
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