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EURUSD only

  • #79,301
  • Feb 21, 2019 5:01am Feb 21, 2019 5:01am
Quoting knkie
bought 1.1335 6 pip SL M15 timeframe

M5
exit +10 pips

Reenter on the pullback
in wondering about yourself, you forgot what you came here to be part of
  • #79,302
  • Feb 21, 2019 5:03am Feb 21, 2019 5:03am
1/3 part of position
Sell from 1342, SL 18p, TP ...
  • #79,303
  • Feb 21, 2019 5:05am Feb 21, 2019 5:05am
Quoting vickytej2301
{quote} yes sir.. 2 days ranging.. why is this happening ?
On the DAILY chart candles are simply retesting the standard 20 moving average. The slowliness is because of the indecision of many banks, institutions etc. being careful while waiting to see if it will be a bounce or break above.

Stay Green
Focus only on what truly matters!
  • #79,304
  • Feb 21, 2019 5:12am Feb 21, 2019 5:12am
How many of you getting bamboozled by this move lol
Don't mind me.. i'm crazy
  • #79,305
  • Feb 21, 2019 5:14am Feb 21, 2019 5:14am
Quoting purevenom
How many of you getting bamboozled by this move lol
its totally logical:
H4 wave trend is up and M30 flipped back to Upward @ 10:30 afterwich it also held at support (12:00 noon)
So now just taking M1 & M5 entries
in wondering about yourself, you forgot what you came here to be part of
  • #79,306
  • Feb 21, 2019 5:14am Feb 21, 2019 5:14am
Quoting knkie
{quote} M5 exit +10 pips Reenter on the pullback
pro trade
  • #79,307
  • Feb 21, 2019 5:15am Feb 21, 2019 5:15am
Time to lock up..
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20190221-181407.png Size: 199 KB
Go with the flow at Shi*ting Market
  • #79,308
  • Feb 21, 2019 5:21am Feb 21, 2019 5:21am
Quoting knkie
{quote} its totally logical: H4 wave trend is up and M30 flipped back to Upward @ 10:30 afterwich it also held at support (12:00 noon) So now just taking M1 & M5 entries
Somehow i still manage to add another 2% to my account today.Quick reaction time needed to make money in this market behavior
Attached Image
Don't mind me.. i'm crazy
  • #79,309
  • Feb 21, 2019 5:23am Feb 21, 2019 5:23am
If this hourly bar close above Green LWMA it is continue to going up.
But it needs a correction. I am wondering.
  • #79,310
  • Feb 21, 2019 5:27am Feb 21, 2019 5:27am
Sell setup on the 5min. Took it. Sell 1.13454. SL 1.1375. TP: open.
  • #79,311
  • Feb 21, 2019 5:42am Feb 21, 2019 5:42am
Quoting Tslj.sg
Going in for a buy: Buy@market 1.13652 SL : 1.13502( 15pips) TP: 1.13952( 30 pips) Ratio... 1 to 2 Let's go. Cheers
Staying sideline until all the fundy news settled down...
Market choppy....yesterday got stop out -15pips..
Waiting now for USD data....
Better watch and exercise patience...
Cheers
tslj
  • #79,312
  • Feb 21, 2019 5:56am Feb 21, 2019 5:56am
Buying 1.1346
SL = 9 pips

M1 timeframe
Target open
in wondering about yourself, you forgot what you came here to be part of
  • #79,313
  • Feb 21, 2019 5:59am Feb 21, 2019 5:59am
EU H4
Attached Image (click to enlarge)
Click to Enlarge Name: eu h4.PNG Size: 33 KB
Self discipline It is a practice
  • #79,314
  • Feb 21, 2019 6:08am Feb 21, 2019 6:08am
pretty simple..
Attached Image (click to enlarge)
Click to Enlarge Name: Buy-The-Dip.png Size: 212 KB
  • #79,315
  • Feb 21, 2019 6:21am Feb 21, 2019 6:21am
Although I have a great appetite, but I can not make a big meal every time, it is good to snack occasionally.
Besides, what's wrong with a double dose of 29 pips?
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd 15M.png Size: 33 KB
yes yes yes
  • #79,316
  • Feb 21, 2019 6:22am Feb 21, 2019 6:22am
Quoting Mitiblotch
Sell setup on the 5min. Took it. Sell 1.13454. SL 1.1375. TP: open.
Would have wanted my stop to be at BE before news. Arghhhh!
  • #79,317
  • Feb 21, 2019 6:42am Feb 21, 2019 6:42am
Take profit is arrived close to WR61

https://www.forexfactory.com/attachm...1&d=1550743820
  • #79,318
  • Feb 21, 2019 6:55am Feb 21, 2019 6:55am
Quoting knkie
Buying 1.1346 SL = 9 pips M1 timeframe Target open
exit +5

Next M5 setup I will go long again
in wondering about yourself, you forgot what you came here to be part of
  • #79,319
  • Edited 7:24am Feb 21, 2019 7:06am | Edited 7:24am
Quoting digger1
the news just provided some fuel nothing more nothing less ,,mkts gonna do what they do regardless ,,,,gonna be from one level to another back and forth ,,news just provides fuel other than tht it dont mean much
This is a super insightful post(digger1s).

I don't know how many of you watched "Money Monster". It came out a few years ago. It is a fun movie but what stuck out to me the most was when they referred to the Algorithm used to run the fund. The programmer said the Algo's only job was to "Create Patterns".

So think about this idea logically.

Fundamental news has an effect on the exchange rate but only over the long term. They show the overall Demand for a currency which then elicits a response from the central bank which controls the Supply of the currency. (This happens over Weeks to Months)

Intraday price movement is dictated by the Algorithms that are running at that time. They create the patterns of price we see every day. Some days they are fed more money than others. Just like you would receive different amounts of income each day in your retail store. The amount of currency an algorithm has to move into the market is determined by... whoever is running the bank's exchange team.

Then why does the "News" create ripples in the market? Because this is the best opportunity to fill large positions without alerting the general public to your subtle market manipulation. (Notice the large slap-on-the-wrist fines the banks get every few years for market manipulation)

The Algos are the driver of the market. The news is the old man in the back telling the driver where to go.

This is my theory. I couldn't prove it. All we have are the fines on banks published in the news(where a junior trader usually takes the fall), and the publicly published market share of the top ten publicly traded banks (70% plus). Not to mention the unpublished market share of the Central Banks which are owned by the member banks...
  • #79,320
  • Feb 21, 2019 7:10am Feb 21, 2019 7:10am
the last hr of this crucial 4hr
150 traders viewing now, 2 are registered:
tehboy
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