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The Swamp

  • #29,301
  • Jan 23, 2019 11:43am Jan 23, 2019 11:43am
Quoting edyraper
{quote} Maybe right place but wrong timing
I wont be greedy.. only scalp...+10 pips.. now..... look for +30 pips
  • #29,302
  • Jan 23, 2019 11:44am Jan 23, 2019 11:44am
1.1394 touched i have long still running from 1.1338 keeping it till ny close and reassess
better be not enough salt than too much salt
  • #29,303
  • Jan 23, 2019 11:50am Jan 23, 2019 11:50am
Quoting bzzz
1.1394 touched i have long still running from 1.1338 keeping it till ny close and reassess
I try to unload all my longs before ecb tomorrow....window watch instead..
  • #29,304
  • Jan 23, 2019 11:50am Jan 23, 2019 11:50am
I've got a question that popped into my head recently
What is the good r:t ratio? (reward:time)
Some of the positions goes to 50+ pips in an hour or two, and if one decides to keep the position for longer it maybe move 150-200 pips in 5-7 days. (just an example)
So one would be 50 pips in 2 hours clean and easy (1:25)
the other one would be 200 pips in 168 hours (1:1,20) excluding weekends
Would you rather to hold it if you are slightly sure that it will go on, or close it for a good r:t? (An open position will keep your mind busy and may hold you back for entering new positions)
Please don't consider the swaps etc, just the r:t.
  • #29,305
  • Jan 23, 2019 11:50am Jan 23, 2019 11:50am
Quoting Boulder
{quote} I wont be greedy.. only scalp...+10 pips.. now..... look for +30 pips
Good
  • #29,306
  • Jan 23, 2019 12:01pm Jan 23, 2019 12:01pm
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Patterns have an underlying mathematical structure.
  • #29,307
  • Jan 23, 2019 12:04pm Jan 23, 2019 12:04pm
Quoting edyraper
I've got a question that popped into my head recently What is the good r:t ratio? (reward:time) Some of the positions goes to 50+ pips in an hour or two, and if one decides to keep the position for longer it maybe move 150-200 pips in 5-7 days. (just an example) So one would be 50 pips in 2 hours clean and easy (1:25) the other one would be 200 pips in 168 hours (1:1,20) excluding weekends Would you rather to hold it if you are slightly sure that it will go on, or close it for a good r:t? (An open position will keep your mind busy and may hold you...
I don't put too much weight on RR on each trade.. i do consider total DD on account for all positions using equity control..
this is the model that I follow.. avg winning pip 10.. max loss per trade 200 pips... it has a very good return.. this may not be for anyone..but it fits my trading style...
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  • #29,308
  • Jan 23, 2019 12:09pm Jan 23, 2019 12:09pm
Quoting Boulder
{quote} I don't put too much weight on RR on each trade.. i do consider total DD on account for all positions using equity control.. this is the model that I follow.. avg winning pip 10.. max loss per trade 200 pips... it has a very good return.. this may not be for anyone..but it fits my trading style... {image}
You've got an amazing win ratio (96%) it sure works for you to not care about r:r
  • #29,309
  • Jan 23, 2019 1:51pm Jan 23, 2019 1:51pm
Quoting edyraper
I've got a question that popped into my head recently What is the good r:t ratio? (reward:time) Some of the positions goes to 50+ pips in an hour or two, and if one decides to keep the position for longer it maybe move 150-200 pips in 5-7 days. (just an example) So one would be 50 pips in 2 hours clean and easy (1:25) the other one would be 200 pips in 168 hours (1:1,20) excluding weekends Would you rather to hold it if you are slightly sure that it will go on, or close it for a good r:t? (An open position will keep your mind...
that's the password! based on how sure i am,i would add "winning positions" close them appropriately and keep the major one till the end but i thing it's easier to say than to apply
better be not enough salt than too much salt
  • #29,310
  • Jan 23, 2019 4:03pm Jan 23, 2019 4:03pm
I smell a bull trap....
  • #29,311
  • Jan 23, 2019 4:16pm Jan 23, 2019 4:16pm
Inserted Video


love me love me say that you love me
When life gives you lemons, make lemonade
  • #29,312
  • Jan 23, 2019 4:17pm Jan 23, 2019 4:17pm
Quoting Boulder
{quote} I don't put too much weight on RR on each trade.. i do consider total DD on account for all positions using equity control.. this is the model that I follow.. avg winning pip 10.. max loss per trade 200 pips... it has a very good return.. this may not be for anyone..but it fits my trading style... {image}
thats impressive boulder, if you can do without a pill then i wonder what you can do with one
When life gives you lemons, make lemonade
  • #29,313
  • Jan 23, 2019 4:23pm Jan 23, 2019 4:23pm
Quoting Boulder
{quote} I don't put too much weight on RR on each trade.. i do consider total DD on account for all positions using equity control.. this is the model that I follow.. avg winning pip 10.. max loss per trade 200 pips... it has a very good return.. this may not be for anyone..but it fits my trading style... {image}
Beautiful discipline. It makes me smile
Chapeau!

Back to the current situation, I think we are witnessing a classic 38.2 - 61.8 move. 50 is touched already (might ping-pong some 38.2 - 50). I place my bets on 1.1434. Given the pace of the snake lately, it might take a while. Look at the daily, there is just no tempo. After the 61.8 we might be stuck in a range for a while.it could be a lower range 23.6 - 50
Bottom line is the daily shows a very classic fib lines move, just slower than usual. Also 76.2 (1.1485) shows as important resistance in this move, which in my playbook means a break below the floor. Looking at the weekly 1.1110 is the hard support and a likely bottom.

Than again, the zone we are in looks extremely tacky and I am thinking of building a range trade strategy (not my thing)
Riding the Dragon....
  • #29,314
  • Jan 23, 2019 4:24pm Jan 23, 2019 4:24pm
Quoting wukatrades
I smell a bull trap....
Stinking to me
Riding the Dragon....
  • #29,315
  • Jan 23, 2019 4:34pm Jan 23, 2019 4:34pm
Quoting gatorinla
Lclose was above 1354 and 1360.. my 1h bullish.. NY closing 1418 or more looks bullish to me.. above <1460> may challenge >1562<.. possible trend change above.. 1562.. std
according to pa here, tomorrow may have R in the blue box tomorrow. I have R i have posted for days there at 1418. New close above may help take out 1460 and later 1560. my 4h is still bearish. back in the blender on my day.. above 1418 takes me out the blender.
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those who can, do. those who cant, talk about those who can
  • #29,316
  • Jan 23, 2019 5:58pm Jan 23, 2019 5:58pm
Quoting Farstrider
{quote} Beautiful discipline. It makes me smile Chapeau! Back to the current situation, I think we are witnessing a classic 38.2 - 61.8 move. 50 is touched already (might ping-pong some 38.2 - 50). I place my bets on 1.1434. Given the pace of the snake lately, it might take a while. Look at the daily, there is just no tempo. After the 61.8 we might be stuck in a range for a while.it could be a lower range 23.6 - 50 Bottom line is the daily shows a very classic fib lines move, just slower than usual. Also 76.2 (1.1485) shows as...
A chart would be really useful.
  • #29,317
  • Jan 23, 2019 7:54pm Jan 23, 2019 7:54pm
Quoting gatorinla
Lclose was above 1354 and 1360.. my 1h bullish.. NY closing 1418 or more looks bullish to me.. above <1460> may challenge >1562<.. possible trend change above.. 1562.. std
my 4h is still bearish, I want to see a NY close above 1418. later 1460 and 1562 to have confidence in a trend changing toward 18xx. with my 4h still bearish and not closing above 1418. I remain cautious with some longs running. My day is a frog in a blender (range). closes above 1415 on a day is coming out of it..
those who can, do. those who cant, talk about those who can
  • #29,318
  • Jan 23, 2019 9:48pm Jan 23, 2019 9:48pm
Quoting Farstrider
{quote} Beautiful discipline. It makes me smile Chapeau! Back to the current situation, I think we are witnessing a classic 38.2 - 61.8 move. 50 is touched already (might ping-pong some 38.2 - 50). I place my bets on 1.1434. Given the pace of the snake lately, it might take a while. Look at the daily, there is just no tempo. After the 61.8 we might be stuck in a range for a while.it could be a lower range 23.6 - 50 Bottom line is the daily shows a very classic fib lines move, just slower than usual. Also 76.2 (1.1485) shows as...
Pending SHORT
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A good trader follows his rules, but great trader knows when to break them
  • #29,319
  • Jan 23, 2019 10:26pm Jan 23, 2019 10:26pm
Tomorrow..ECB.. a lot of levels will be printed..... Good luck everyone...

WP R2 ----------1.1487
WP R1 ----------1.1454
RU R3 ----------1.1424
FP R3 ----------1.1419
MP PP ----------1.1408
RU R2 ----------1.1404
FP R2 ----------1.1403
WP PP ----------1.1402
FP R1 ----------1.1392
RU R1 ----------1.1392
FP PP ----------1.1375
RU S1 ----------1.1367
FP S1 ----------1.1359
RU S2 ----------1.1355
WP S1 ----------1.1350
FP S2 ----------1.1348
RU S3 ----------1.1335
FP S3 ----------1.1331
MP S1 ----------1.1325
WP S2 ----------1.1317
MP S2 ----------1.1274
  • #29,320
  • Jan 24, 2019 12:45am Jan 24, 2019 12:45am
Quoting ill_be_back
{quote} Pending SHORT {image}
You thinking of buying up to that level, or is this an anticipated ECB spike trade? Cheers.
Focus.
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