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  • #73,581
  • Jan 17, 2019 1:19am Jan 17, 2019 1:19am
Quoting Moty
{quote} redeposite minwhile , breakout !!!!!
Dont mind me saying this But your analysis is usually pretty good but being stuck with bad trades clouds ones judgement to take further good opportunities and taking small tp with trades having way larger drawdowns is a bad habbit. cut losses and move on to other opportunities. Using a strict game plan might help. just my 2 cents.
  • #73,582
  • Jan 17, 2019 1:21am Jan 17, 2019 1:21am
Quoting wealthyqueen
{quote} Entry?
Price may retrace back to 1.13906
Risk comes from not knowing what to do
  • #73,583
  • Jan 17, 2019 1:28am Jan 17, 2019 1:28am
Quoting Mitiblotch
Bulls will be lucky to see 1.1420 today! I've been shorting this thing all night and this morning only to get out with just few pips. All those spikes to the top are to take out sellers. This thing is most likely heading down today and tomorrow. Look at the 4hr consolidation at support and now a break down of yestedrday's low. This thing can easily, easily slip to 1.1330. Plan: wait for London. They might test the daily open and then I'll load my sells.
Thanks..
  • #73,584
  • Jan 17, 2019 1:29am Jan 17, 2019 1:29am
If you think it's heading down, it will go up - that's how the forex world works (most of the time). Probably we see a spike down ahead of London to lock in sellers, before it goes north.
  • #73,585
  • Jan 17, 2019 1:29am Jan 17, 2019 1:29am
Quoting Austyno
{quote} Moty get out now while u can, We are heading for 13080
It would be rather stupid to get out now might as well hold it as this is a ranging market
  • #73,586
  • Jan 17, 2019 1:30am Jan 17, 2019 1:30am
Enough of going down ,lets go up to wpp.
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Its all about Timing!!!
  • #73,587
  • Jan 17, 2019 1:32am Jan 17, 2019 1:32am
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  • #73,588
  • Jan 17, 2019 1:34am Jan 17, 2019 1:34am
Quoting Starcraftmaz
If you think it's heading down, it will go up - that's how the forex world works (most of the time). Probably we see a spike down ahead of London to lock in sellers, before it goes north.
Or London goes to test the daily open, taking out SL of late sellers and then goes down. That's another alternative. This is the reason why trading from a higher timeframe helps a lot. You get the chance to make decisions from a position of strength.
  • #73,589
  • Jan 17, 2019 1:36am Jan 17, 2019 1:36am
Quoting Mitiblotch
{quote} Or London goes to test the daily open, taking out SL of late sellers and then goes down. That's another alternative. This is the reason why trading from a higher timeframe helps a lot. You get the chance to make decisions from a position of strength.
You are right!
  • #73,590
  • Jan 17, 2019 1:41am Jan 17, 2019 1:41am
I bought.
See what happens
  • #73,591
  • Jan 17, 2019 1:42am Jan 17, 2019 1:42am
Quoting Neil0163
I bought. See what happens
same
  • #73,592
  • Jan 17, 2019 1:43am Jan 17, 2019 1:43am
just sold
Is forex rocketscience? Yes it is.
  • #73,593
  • Jan 17, 2019 1:45am Jan 17, 2019 1:45am
Quoting on64
just sold
DXY is near its previous high of 96.25 if it fails to break through this thing can fly up and trading fakeouts is way more fun then trading breakouts due to RR
  • #73,594
  • Jan 17, 2019 1:46am Jan 17, 2019 1:46am
the sl hunters are working overtime
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yes yes yes
  • #73,595
  • Jan 17, 2019 1:48am Jan 17, 2019 1:48am
Quoting Moty
the sl hunters are working overtime {image} {image}
They got me
  • #73,596
  • Jan 17, 2019 1:48am Jan 17, 2019 1:48am
Long at 1,1383
SL at 1,1372
  • #73,597
  • Jan 17, 2019 1:49am Jan 17, 2019 1:49am
Quoting Moty
the sl hunters are working overtime {image} {image}
well SL hunting or not it can be timing of the trade. i was seriously about to buy at that fake TL break as i was waiting for some kind of confirmation but i dint and this fakeout seems like a good opportunity for long as its risk free if it hits my tp1
  • #73,598
  • Jan 17, 2019 1:50am Jan 17, 2019 1:50am
Quoting Mitiblotch
{quote} Or London goes to test the daily open, taking out SL of late sellers and then goes down. That's another alternative. This is the reason why trading from a higher timeframe helps a lot. You get the chance to make decisions from a position of strength.
There aren't so manny seller. I also close my sell order at 13748 .
I wait the retracement and start to sell again step by step.
Usually 15-30 minutes after London open is chaos and in the wrong direction.
If you will notice almost every day trend stops arround here minute 30, start to reverse before open, after open London wil push a bit more just to be believed and after is coming to main trend .
But remember this isn't happening allway.
Good luck and stay focus .
Good luck .
  • #73,599
  • Jan 17, 2019 1:51am Jan 17, 2019 1:51am
Quoting Mitiblotch
{quote} Or London goes to test the daily open, taking out SL of late sellers and then goes down. That's another alternative. This is the reason why trading from a higher timeframe helps a lot. You get the chance to make decisions from a position of strength.
Killing spree from London started
  • #73,600
  • Jan 17, 2019 1:52am Jan 17, 2019 1:52am
Getting more skewed by the day. I will hold off buying for now until I see 1.1350 area. Let's see what London wants.

Approx 62% buyers : 38% sellers. That means a lot. Even if this wants to rise it will most likely spike down to take out buyers first. I don't think the low is in.

My plan: If London moves down first then I'll buy the next good support. If they go up first I'll sell the daily open or next resistance.
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