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  • #79,541
  • Edited 3:53pm Feb 22, 2019 3:37pm | Edited 3:53pm
Quoting Oc6oph
Up about 70 pips over 3 positions should I close or hold over weekend?
Closing or leaving open is up to you.

All I can say is that putting a SL has no effect at all. No matter where your SL is, if market opens with a gap far beyond your SL level the broker will close the trade from that opening price which is in favor of the robber banks. So for those who decide to leave their trades open, the only advice is to be ready at your screen as soon as market opens on Sunday night and decide at that moment what to do manually.

In other words for weekends you have 2 options:
1) You close your trades. (Decision is made because you anticipated that market might open with a negative gap that steals back your positive gains)
2) You leave them open for weekend. (Decision is made because you anticipated that market could open with positive gap and expand your profits)

My 2 cents..

Stay Green
Focus only on what truly matters!
  • #79,542
  • Feb 22, 2019 3:48pm Feb 22, 2019 3:48pm
I closed them. I think I’ll be able to reenter around 1.1315
ex nihilo
  • #79,543
  • Feb 22, 2019 4:13pm Feb 22, 2019 4:13pm
ok.
i am out , profit for the day 3 pips
this rangebound could pay me 8 trades of 30-40 pips in 3-4 days
but i am looking for the big one , so i left with nothing .
In my country there is a saying, "You caught a lot, you did not catch anything," and it is preferable to have one bird in hand than 10 on the tree. "
I hope that next week I will be smarter
Attached Image (click to enlarge)
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yes yes yes
  • #79,544
  • Feb 22, 2019 4:20pm Feb 22, 2019 4:20pm
Quoting Oc6oph
Up about 70 pips over 3 positions should I close or hold over weekend?
I realize I'm late to the party, but here is something to think about:

You should have asked yourself this question before you entered the trade. If your trading plan doesn't generally address these issues, prior to every trade you should be asking yourself (1) At what point/price do I know I am wrong? (2) What am I going to do with the position at the end of the day/end of the week?

Additionally, you really should have some idea of the type of trader you are. Are you trading off a 5-minute chart? You're probably not a swing trader (holding positions for hours to days). Are you trading off a 4-hour chart? You're probably not a scalper (holding positions for minutes to hours ((or just for a few pips)). Regardless of the time frame, do you consider yourself a day trader? By definition, day traders don't hold positions overnight. Let alone over the weekend.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #79,545
  • Feb 22, 2019 4:49pm Feb 22, 2019 4:49pm
Quoting HiddenGap
{quote} I realize I'm late to the party, but here is something to think about: You should have asked yourself this question before you entered the trade. If your trading plan doesn't generally address these issues, prior to every trade you should be asking yourself (1) At what point/price do I know I am wrong? (2) What am I going to do with the
position at the end of the day/end of the week? Additionally, you really should have some idea of the type of trader you are. Are you trading off a 5-minute chart? You're probably not a swing trader (holding...
I mostly trade off of H4. Today is different than most days due to the FOMC speaking after hours today. I used too much leverage so I felt it is best to close not to risk losing too much of trade account. I think EURUSD is going up this coming week and will reenter Monday after Germany opens
ex nihilo
  • #79,546
  • Feb 22, 2019 5:16pm Feb 22, 2019 5:16pm
1H
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Don't believe me just watch!
  • #79,547
  • Feb 22, 2019 6:58pm Feb 22, 2019 6:58pm
Quoting Moty
ok. i am out , profit for the day 3 pips this rangebound could pay me 8 trades of 30-40 pips in 3-4 days but i am looking for the big one , so i left with nothing . In my country there is a saying, "You caught a lot, you did not catch anything," and it is preferable to have one bird in hand than 10 on the tree. " I hope that next week I will be smarter {image}
what country? I should have had more too. Was just a lot of events today and that probably stalled any moves
ex nihilo
  • #79,548
  • Feb 22, 2019 10:31pm Feb 22, 2019 10:31pm
Quoting Oc6oph
Up about 70 pips over 3 positions should I close or hold over weekend?
70 from 3.Just from experience it is not safe unless you want to bet to get lucky or bust
I once up 10+ but less than 20 didn't remember the exact number from 1 position lock it on BE.i decide to bet to get lucky.the next monday i ended up in (-).there was no gap and the chart look normal no spike nothing in the opening price and my order should be safe.price didn't even go there.so i called the desk what happen....they said it is normal for day open specially monday which is also week open for spread to get wider.and since chart printed by (bid) price not the (ask) price.that thing is invisible.i nearly said fuk you in their face
Don't mind me.. i'm crazy
  • #79,549
  • Feb 22, 2019 10:59pm Feb 22, 2019 10:59pm
This close is bullish, but nonetheless, I will want to wait for confirmation on all time frames...good weekend to all.
Christabelle means beautiful. I'm here to chit-chat and eat cotton candy.
  • #79,550
  • Feb 23, 2019 12:55am Feb 23, 2019 12:55am
... https://www.forexfactory.com/showthr...4#post11993334
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  • #79,551
  • Feb 23, 2019 3:47am Feb 23, 2019 3:47am
Quoting Pickles
This close is bullish, but nonetheless, I will want to wait for confirmation on all time frames...good weekend to all.
Agreed.. actually the weekly close above 1.1296 already showed bullish signs. Now the question is if this 1.1296/1.1306 support zone can reject bears. So, next week I am planning to buy into support with every major drop as long as I see supportive price-action.

Enjoy your weekends folks and hopefully we are all back here on Monday.. Peace..

Stay Green
Focus only on what truly matters!
  • #79,552
  • Edited 4:54am Feb 23, 2019 4:43am | Edited 4:54am
if price go above 1.13580 then target is 1.14110
still bullish trend for short term
Attached Image(s) (click to enlarge)
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yes yes yes
  • #79,553
  • Feb 23, 2019 6:19am Feb 23, 2019 6:19am
Quoting dweb
{quote} update... {image}
..Updated
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We err, and err, and err again, but less.
  • #79,554
  • Feb 23, 2019 1:21pm Feb 23, 2019 1:21pm
It might come down to 1.1280 before going up
ex nihilo
  • #79,555
  • Feb 23, 2019 2:33pm Feb 23, 2019 2:33pm
Quoting bigiivan
Expecting a bullish week. Up move continue on Monday. Euro is oversold on montly. The Stochastic has already started climbing on weekly. And there is a MACD divergence on H4. {image} {image} {image} No matter if the price is going to broke 1,1215 or not, the direction is UP. At least till 1,157 ... 1,1814 ... Just my thoughts.
Obviously this came true.
Next weekly bar - BULISH.
I am still thinking that next week is going to start with a one more push down (maybe 1,1315- 1,1300- 1,1275 even). Then whole week is going up.
  • #79,556
  • Feb 23, 2019 3:51pm Feb 23, 2019 3:51pm
Quoting bigiivan
{quote} Obviously this came true. Next weekly bar - BULISH. I am still thinking that next week is going to start with a one more push down (maybe 1,1315- 1,1300- 1,1275 even). Then whole week is going up.

Feels to me like a rejection off the top and the start of a trip back to retest say 1.1225 and see if we just range (1.1225 to 1.1350) or if parity comes true. If not, then 1.14xx next. Daily close above roughly where the white horizontal line is would invalidate this view.
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You hesitate, you masturbate.
  • #79,557
  • Feb 23, 2019 5:09pm Feb 23, 2019 5:09pm
Quoting engweijie
{quote} Feels to me like a rejection off the top and the start of a trip back to retest say 1.1225 and see if we just range (1.1225 to 1.1350) or if parity comes true. If not, then 1.14xx next. Daily close above roughly where the white horizontal line is would invalidate this view. {image}
trading since 2010? did you start at the age of 14?
  • #79,558
  • Feb 23, 2019 6:57pm Feb 23, 2019 6:57pm
Quoting engweijie
{quote} Feels to me like a rejection off the top and the start of a trip back to retest say 1.1225 and see if we just range (1.1225 to 1.1350) or if parity comes true. If not, then 1.14xx next. Daily close above roughly where the white horizontal line is would invalidate this view. {image}
Those dojis, undecisive. What that means usually it goes the opposite way, in this case most likely going up.
  • #79,559
  • Feb 23, 2019 7:58pm Feb 23, 2019 7:58pm
Quoting Techanalyst
{quote} Those dojis, undecisive. What that means usually it goes the opposite way, in this case most likely going up.
Maybe.. Only one way to find out All the best for the coming week
You hesitate, you masturbate.
  • #79,560
  • Feb 23, 2019 8:12pm Feb 23, 2019 8:12pm
This thread always has good analysis...
Christabelle means beautiful. I'm here to chit-chat and eat cotton candy.
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