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Trading EURUSD only 43,756 replies

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EURUSD only

  • #79,901
  • Feb 27, 2019 5:39am Feb 27, 2019 5:39am
Quoting Ata-Turkoglu
A tiny titbit inside these slow hours: Did you know that the USA military budget is "600.000.000.000 USD"? Divide that to the amount of USA citizens: 300.000 equals: 2.000.000 USD for each citizen. That means if all citizens of the USA would just give up on safety, each person could start a happy new millionaire life in another country. If humanity could just realize the cost of "hatred and greed to control others", so much could be saved. But yeah, never gonna happen. And we better continue to share around EURUSD Stay Green
That is some eye opening interesting fact.
  • #79,902
  • Feb 27, 2019 5:39am Feb 27, 2019 5:39am
Quoting engweijie
Snuck a quick short snipe. Initial SL was 2.5 pips but risk free at the moment. If 1.140x breaks then more upside to 1.1425. Else I’m looking at 1.137x. {image}
lol f*** me every time I post my live trades I get stopped out at BE before price moves down in my favour. ):
You hesitate, you masturbate.
  • #79,903
  • Feb 27, 2019 5:48am Feb 27, 2019 5:48am
Quoting engweijie
{quote} lol f*** me every time I post my live trades I get stopped out at BE before price moves down in my favour. ):
i was wondering if you keep a trading journal and compare BE with not BE and what performs better in say a 100+ trades. PS that was a beautiful entry on the sell
  • #79,904
  • Feb 27, 2019 5:56am Feb 27, 2019 5:56am
Another birds eye view for the weekly (Re-posting!)

*Purple ma line: 20 exp. moving average.

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: Weekly-Status.png Size: 42 KB
Focus only on what truly matters!
  • #79,905
  • Feb 27, 2019 6:08am Feb 27, 2019 6:08am
Let's see if nearest support level 1.1388 (based on M15) can support or not.

Stay Green
Focus only on what truly matters!
  • #79,906
  • Feb 27, 2019 6:17am Feb 27, 2019 6:17am
Quoting Ata-Turkoglu
A tiny titbit inside these slow hours: Did you know that the USA military budget is "600.000.000.000 USD"? Divide that to the amount of USA citizens: 300.000 equals: 2.000.000 USD for each citizen. That means if all citizens of the USA would just give up on safety, each person could start a happy new millionaire life in another country. If humanity could just realize the cost of "hatred and greed to control others", so much could be saved. But yeah, never gonna happen. And we better continue to share around EURUSD Stay Green
600b that's a lot of pips lol
Don't mind me.. i'm crazy
  • #79,907
  • Feb 27, 2019 6:27am Feb 27, 2019 6:27am
Quoting Abrar1299
{quote} i was wondering if you keep a trading journal and compare BE with not BE and what performs better in say a 100+ trades. PS that was a beautiful entry on the sell
Specific to my trading style, this way works better for me. I trade high leverage (1% per pip), but I cherry pick my trades (countertrend trades off strong S/R levels on higher TFs that coincide with momentum topping out on lower TFs) thus allowing me to put my SL typically <3 pips (if I trade with the trend I usually take a 7 pip stop loss but my position size is half or less). My broker’s commissions are 0.43 pips. So this way of trading for me allows me to quickly put my trade to BE +0.5 within the same M1 if not the next M1 candle making it risk free and at least securing around 0.1% equity increase. If the trade makes it roughly to 5 to 10 pips in profit I close half and trail the rest aggressively. I rarely hit my 3 pip stop loss, maybe once every 15 to 20 trades - usually within the minute I either BE or shift it down by half. I do scalp very aggressively though - I take anywhere between 20 to 50 trades a day (all 3 sessions).

This probably goes against every single orthodox train of thought when it comes to money/risk management but it works for me. I get bad anxiety sitting in drawdown (eg 20 pip SL gunning for 40 pip TP) so psychologically this is healthier for me too.
You hesitate, you masturbate.
  • #79,908
  • Feb 27, 2019 6:43am Feb 27, 2019 6:43am
Quoting engweijie
{quote} Specific to my trading style, this way works better for me. I trade high leverage (1% per pip), but I cherry pick my trades (countertrend trades off strong S/R levels on higher TFs that coincide with momentum topping out on lower TFs) thus allowing me to put my SL typically <3 pips (if I trade with the trend I usually take a 7 pip stop loss but my position size is half or less). My broker’s commissions are 0.43 pips. So this way of trading for me allows me to quickly put my trade to BE +0.5 within the same M1 if not the next M1 candle making...
But there can be a scenario where you take half the position out with lets say 3 pip profit and let the half run with the same 3 pip stop so even if stopped its a breakeven trade. the issue with BE sometimes is it doesnt coincide with strong levels hence getting spiked out and missing out the bigger moves. Both has pros and cons but its all about personal preference and experience of what works better for a certain individual.

So if you were looking to buy EU with your sniper skills what level would that be.
  • #79,909
  • Feb 27, 2019 6:56am Feb 27, 2019 6:56am
Quoting Abrar1299
{quote} But there can be a scenario where you take half the position out with lets say 3 pip profit and let the half run with the same 3 pip stop so even if stopped its a breakeven trade. the issue with BE sometimes is it doesnt coincide with strong levels hence getting spiked out and missing out the bigger moves. Both has pros and cons but its all about personal preference and experience of what works better for a certain individual. So if you were looking to buy EU with your sniper skills what level would that be.
I could, but I reckon the chances of getting stopped out would be higher than the trade following through which would defeat my purpose of taking half off in the first place - usually if price does get to say 5 to 10 pips ahead, momentum on M1 and M5 would have traversed quite a bit. If it does get back to my entry, it would no longer be ‘topped out’ like when I initially took my position and this wouldn’t be a valid set up for me.

For a buy trade - it’s a mini counter-trend on smaller TFs to me. In this scenario because price got rejected and on the M5 it went down, it would be the same counter trend set up as when I initially took my sell where I’d want (ideally, but real life is never textbook perfect) M15 and M30 to bottom out. If that’s not possible then at the very least M5 and M1 would have to bottom out.

But if I want to hop on an existing trade, and the nearest resistance level is still some distance away, I’d look for M5 to form a swing low and M1 to bottom out on momentum - I’d take a smaller position size and put my stop loss at the previous M5 swing low which is usually 7 pips away.
You hesitate, you masturbate.
  • #79,910
  • Feb 27, 2019 7:05am Feb 27, 2019 7:05am
buy
1.1387
7 pip SL
in wondering about yourself, you forgot what you came here to be part of
  • #79,911
  • Feb 27, 2019 7:17am Feb 27, 2019 7:17am
LO to LO trendline is under bear pressure..

Stay Green
Focus only on what truly matters!
  • #79,912
  • Feb 27, 2019 7:27am Feb 27, 2019 7:27am
Potential inverted SHS on dollar index M5
  • #79,913
  • Feb 27, 2019 7:29am Feb 27, 2019 7:29am
Quoting dele5000
Potential inverted SHS on dollar index M5
as long as the dxy stays below the neckline its bearish
  • #79,914
  • Feb 27, 2019 7:29am Feb 27, 2019 7:29am
Quoting knkie
buy 1.1387 7 pip SL
exit -4

New pending BUY order @ 1.1388
SL 10
in wondering about yourself, you forgot what you came here to be part of
  • #79,915
  • Feb 27, 2019 7:34am Feb 27, 2019 7:34am
Quoting Ata-Turkoglu
A tiny titbit inside these slow hours: Did you know that the USA military budget is "600.000.000.000 USD"? Divide that to the amount of USA citizens: 300.000 equals: 2.000.000 USD for each citizen. That means if all citizens of the USA would just give up on safety, each person could start a happy new millionaire life in another country. If humanity could just realize the cost of "hatred and greed to control others", so much could be saved. But yeah, never gonna happen. And we better continue to share around EURUSD Stay Green
If the others OUTSIDE the USA would stop attacking then yes the citizens of the USA could give up their safety.
  • #79,916
  • Feb 27, 2019 7:34am Feb 27, 2019 7:34am
Quoting knkie
{quote} exit -4 New pending BUY order @ 1.1388 SL 7
triggered
trailing by higher lows on M5
in wondering about yourself, you forgot what you came here to be part of
  • #79,917
  • Feb 27, 2019 7:37am Feb 27, 2019 7:37am
I'm personally wondering if we see a "blow off" top to the upside here today... largest move up has been 0.0045 yesterday and all else has been confined in a 0.003 range.. Wondering if we see a 0.007 to 0.01 upside today. But who knows?
  • #79,918
  • Feb 27, 2019 7:42am Feb 27, 2019 7:42am
Quoting GordonL
{quote} If the others OUTSIDE the USA would stop attacking then yes the citizens of the USA could give up their safety.
Sure, nothing to discuss.. market has begun to move a little.. we better go back to posting around the EURUSD..

Seems like LO to LO trendline holds for this tiny retest.. bear pressure is still on though.. coffee time..

Stay Green
Focus only on what truly matters!
  • #79,919
  • Feb 27, 2019 7:53am Feb 27, 2019 7:53am
Quoting skillz16
I'm personally wondering if we see a "blow off" top to the upside here today... largest move up has been 0.0045 yesterday and all else has been confined in a 0.003 range.. Wondering if we see a 0.007 to 0.01 upside today. But who knows?
Your numbers are "Klingon" to many.. it is best to speak in currency value instead of ATR, ADR, RSI or whatever indi data you are referring to..

Stay Green
Focus only on what truly matters!
  • #79,920
  • Feb 27, 2019 7:54am Feb 27, 2019 7:54am
Quoting Ata-Turkoglu
{quote} Sure, nothing to discuss.. market has begun to move a little.. we better go back to posting around the EURUSD.. Seems like LO to LO trendline holds for this tiny retest.. bear pressure is still on though.. coffee time.. Stay Green
Ata, stay here and start to making money, get rid of these coffees!
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