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EURUSD only

  • #71,521
  • Jan 8, 2019 6:13am Jan 8, 2019 6:13am
had bad vibes about the short so out at 1.1463 will wait on sidelines.
  • #71,522
  • Jan 8, 2019 6:13am Jan 8, 2019 6:13am
Hi Guys,

Back in on the longs.

Take Care.
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Trade to trade another day
  • #71,523
  • Jan 8, 2019 6:16am Jan 8, 2019 6:16am
Quoting okshop
bull playing the level 2 ping pong (anything below 1.14176 is for the bears) {image} {image} {image}
zzzz PA
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Self discipline It is a practice
  • #71,524
  • Jan 8, 2019 6:19am Jan 8, 2019 6:19am
Quoting OnlineAddict
{quote} Only people who care about "gaps" are small retailers. Every broker has different spreads, which can create different charts, thus different "gaps".
Thanks
Its all about Timing!!!
  • #71,525
  • Jan 8, 2019 6:20am Jan 8, 2019 6:20am
i'm short looking for 1.0400
  • #71,526
  • Jan 8, 2019 6:22am Jan 8, 2019 6:22am
If this daily support for the DXY break then EU can easily break 1.15
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  • #71,527
  • Jan 8, 2019 6:25am Jan 8, 2019 6:25am
Quoting bill1985
i'm short looking for 1.0400
Hi bill i remember reading some of your posts awhile back saying you trade 'end of day' which I assume (correct me if I'm wrong) you make your decisions based on the day's closing number? would you mind walking us through your thought process trading this way (entries, targets, tolerance for drawdown) because this seems quite interesting. I'm particularly interested in your tolerance for drawdown and R:R ratios, because given how this pair tends to revisit marked levels day in day out in both directions no matter the long term sentiment, I'd imagine you'd have to have quite a wide SL for your trades? Or do you just leave em running and decide whether to continue shooting it or to close the trade only based on the day's close, and everything else that happens through the day is just noise?

Thanks in advance, would appreciate the insight. If it's too long/bothersome to explain and you're not comfortable doing so, I understand too. But thanks for your time and have a good start to the year!
You hesitate, you masturbate.
  • #71,528
  • Jan 8, 2019 6:35am Jan 8, 2019 6:35am
Quoting engweijie
{quote} 1.18 I’ll love to hold a big short over the year and just collect swap every day at rollover (fundamentals permitting)
that might not be a bad idea i think EU needs a big push up to complete its move to the upside before resuming downwards similar to this chart that happend with gpbusd
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  • #71,529
  • Jan 8, 2019 6:46am Jan 8, 2019 6:46am
Maybe 1.1430 ish again?
Fix up, trade sharp ...
  • #71,530
  • Jan 8, 2019 6:48am Jan 8, 2019 6:48am
Quoting Abrar1299
{quote} that might not be a bad idea i think EU needs a big push up to complete its move to the upside before resuming downwards similar to this chart that happend with gpbusd {image}
the only question can be to open this position based on the idea,
probably not.
  • #71,531
  • Jan 8, 2019 6:51am Jan 8, 2019 6:51am
Guys forget about 1.15, this is going down...
  • #71,532
  • Jan 8, 2019 6:53am Jan 8, 2019 6:53am
Quoting Amir_Forex
{image}
.
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Patterns have an underlying mathematical structure.
  • #71,533
  • Jan 8, 2019 6:54am Jan 8, 2019 6:54am
Quoting tiborf71
{quote} the only question can be to open this position based on the idea, probably not.
ofcourse its just speculation at this point i personally dont like to predict movements and trade what i see. even when market is at a major support or resistance if there is a good fight between the bulls and bears at that level and i have a reason to enter then only i enter i dont even like to put entry orders.
  • #71,534
  • Jan 8, 2019 6:57am Jan 8, 2019 6:57am
Quoting Starcraftmaz
Guys forget about 1.15, this is going down...
It's making higher highs
  • #71,535
  • Jan 8, 2019 6:58am Jan 8, 2019 6:58am
Quoting ratsalad
{quote} It's making higher highs
I think you mean higher lows.
Patience is key
  • #71,536
  • Jan 8, 2019 7:03am Jan 8, 2019 7:03am
Are you ready?
Stop hunters is in the house
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yes yes yes
  • #71,537
  • Jan 8, 2019 7:05am Jan 8, 2019 7:05am
Quoting Moty
Are you ready? Stop hunters is in the house {image}
Me and Moty agree for once. Too bad he got me on iggy. T_T
Patience is key
  • #71,538
  • Jan 8, 2019 7:05am Jan 8, 2019 7:05am
Quoting Hickson
Maybe 1.1430 ish again?
I have it dropping to the small red square in the next day or so.
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Observation is the path to discovery.
  • #71,539
  • Jan 8, 2019 7:07am Jan 8, 2019 7:07am
Quoting seenkat
{quote} I think you mean higher lows.
Am more interested in seeing the days close. till then we keep taking what it gives and move on
4&1 All Time Profit: $37,496
  • #71,540
  • Jan 8, 2019 7:11am Jan 8, 2019 7:11am
Quoting ratsalad
{quote} It's making higher highs
On such short time frame it's just totally irrelevant. The pattern on last 1h is very classical reversal / top pattern on short timeframe., screw the higher high. This happens on eu literally all the time.

Moty with his mystical ball is correct.
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