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Entry Unholy

  • #5,701
  • Mar 27, 2019 7:44am Mar 27, 2019 7:44am
I seriously need to understand the reason behind buying this EURO..
Like almost everyone is buying WOW
  • #5,702
  • Mar 27, 2019 7:45am Mar 27, 2019 7:45am
Quoting emuszy
Good day folks... I have been on a low key... Taking 30+ ... After 30+ with GBP pairs(btw ...not that am smart... I just go with the flow.. No thinking what so ever... Lol) ...i done with the Euro..... Even if I saw the setup for buying @ London open... ... Keep it up fellas..
EM how do you get it right to trade that wild card.
I've refrained from it to be honest.
I just have a pending short at 1.34200.
But intra day it's been slapping me.
4&1 All Time Profit: $37,496
  • #5,703
  • Mar 27, 2019 7:50am Mar 27, 2019 7:50am
Quoting JayBag
I seriously need to understand the reason behind buying this EURO.. Like almost everyone is buying WOW
I shorted from just below D PP!
  • #5,704
  • Mar 27, 2019 7:51am Mar 27, 2019 7:51am
Quoting JayBag
I seriously need to understand the reason behind buying this EURO.. Like almost everyone is buying WOW
I think it’s because majority here trade off shorter timeframes/are intra-day. There aren’t many swing traders that hold their positions like yourself. Sure there are some who swing both ways (lmao) but as far as the buys are concerned I think most are buying for quick exits/scalps and nothing more than that. The higher timeframes point to more downside yes, but the shorter timeframes (today) were biased towards the bulls. Really depends on what/where you’re looking at and where you’re targeting - it’s a rangy pair so there’s room for both directions to flourish.
You hesitate, you masturbate.
  • #5,705
  • Mar 27, 2019 7:55am Mar 27, 2019 7:55am
Quoting engweijie
{quote} I think it’s because majority here trade off shorter timeframes/are intra-day. There aren’t many swing traders that hold their positions like yourself. Sure there are some who swing both ways (lmao) but as far as the buys are concerned I think most are buying for quick exits/scalps and nothing more than that. The higher timeframes point to more downside yes, but the shorter timeframes (today) were biased towards the bulls. Really depends on what/where you’re looking at and where you’re targeting - it’s a rangy pair so there’s room for both...
It's not a matter of holding..
what's the use trading retracement? when a falling knife hit, we complain

It's best to scalp short..
Lol sadly not everyone can see what I am seeing
  • #5,706
  • Mar 27, 2019 7:56am Mar 27, 2019 7:56am
Quoting Jp1
{quote} I shorted from just below D PP!
Thank you

sigh
  • #5,707
  • Mar 27, 2019 8:04am Mar 27, 2019 8:04am
Quoting JayBag
{quote} It's not a matter of holding.. what's the use trading retracement? when a falling knife hit, we complain It's best to scalp short.. Lol sadly not everyone can see what I am seeing

Ohh my dear brother.. . .I'm not as astute or smart as you .. If I can get 20 - 30 pips on a replacement on the Euro ... So be it...i never leave trades overnight... All trades close before NY closes... ....
  • #5,708
  • Mar 27, 2019 8:05am Mar 27, 2019 8:05am
Quoting engweijie
{quote} I think it’s because majority here trade off shorter timeframes/are intra-day. There aren’t many swing traders that hold their positions like yourself. Sure there are some who swing both ways (lmao) but as far as the buys are concerned I think most are buying for quick exits/scalps and nothing more than that. The higher timeframes point to more downside yes, but the shorter timeframes (today) were biased towards the bulls. Really depends on what/where you’re looking at and where you’re targeting - it’s a rangy pair so there’s room for both...
Yes bro... We are really looking and seeing things differently
  • #5,709
  • Mar 27, 2019 8:07am Mar 27, 2019 8:07am
Quoting emuszy
{quote} Ohh my dear brother.. . .I'm not as astute or smart as you .. If I can get 20 - 30 pips on a replacement on the Euro ... So be it...i never leave trades overnight... All trades close before NY closes... ....
I understand it’s your trade method.. but it’s a lot safer scalping short ..
  • #5,710
  • Mar 27, 2019 8:14am Mar 27, 2019 8:14am
Quoting MzansiObi
{quote} EM how do you get it right to trade that wild card. I've refrained from it to be honest. I just have a pending short at 1.34200. But intra day it's been slapping me.
Obi, that wild card taught me alot of lessons bout trading .. .Patience...levels... Not that I learnt anything. .Lol..
I trade all them wild.. Gbpaud Gbpusd gbpjpy gbpchf and gpycad... I get, one might say they all are Correlated . ....yes... And no... They move alike but sometime they don't
  • #5,711
  • Mar 27, 2019 8:17am Mar 27, 2019 8:17am
Quoting JayBag
{quote} I understand it’s your trade method.. but it’s a lot safer scalping short ..
Sure. ..Hehehe
  • #5,712
  • Mar 27, 2019 8:20am Mar 27, 2019 8:20am
Quoting emuszy
{quote} Obi, that wild card taught me alot of lessons bout trading .. .Patience...levels... Not that I learnt anything. .Lol.. I trade all them wild.. Gbpaud Gbpusd gbpjpy gbpchf and gpycad... I get, one might say they all are Correlated . ....yes... And no... They move alike but sometime they don't
I have high regards for anyone trading those pairs ...
Vola for days..

I know someone who knows the in and out of UJ...
Maybe same reason I picked EU
  • #5,713
  • Mar 27, 2019 8:23am Mar 27, 2019 8:23am
Quoting JayBag
{quote} It's not a matter of holding.. what's the use trading retracement? when a falling knife hit, we complain It's best to scalp short.. Lol sadly not everyone can see what I am seeing


I see 2 types of buyers right now:

1. Building small, longer-termed positions. In a way, it’s quite similar to what you were doing building your shorts from 200 pips ago for this current down move. In principle, the only way a plan like this could fail is if one is over-leveraged (margin call) OR if the entirety of Europe goes bankrupt this year and the Euro is worth $0.00 USD overnight. As long as one is treading carefully with small positions, in some eventuality (just a matter of ‘when’), price will get back up. Maybe we won’t see 1.2xx anytime soon, but a re-visit to 1.14xx, 1.15xx or even 1.18xx? In some eventuality... it’s more on buying a cheap Euro (you can’t go lower than $0 )

2. The scalpers. Nothing much to say about this. I know a lot of people would call us gamblers for the very reason you’ve mentioned - ‘catching a falling knife’. I’ve been reading (to my amusement) the other ‘EURUSD’ thread where the guys there are having this squabble about whether scalpers are actually traders and how they’d in definite probability bankrupt their accounts. Not gonna get into that but I think this second group of buyers are just trying to catch small bounces (as I mentioned in my previous reply).

I think the beauty about EURUSD is that it’s not linear. There’s no right or wrong or definite in trading, just different strokes for different folk. It’d be wrong of me to insist on people seeing and doing things my way, and likewise I shouldn’t criticise on someone else’s style if it makes them pips. I think at the end of the day it really depends on what type of trader you are. From a buying standpoint, I took my buys because price was too low for me to sell, and the moment price reached an area I felt was viable to join the sell freight I hopped on. Take that buy earlier today you were teasing me about - I woke up (timezone constraints) and missed the down leg prior. I had no shorts open. If I had taken a sell then, sure, maybe at the end of the week it will hit 1.117 who knows. But for the entirety of today I would have made nothing, AND be sitting in drawdown. I might not have netted much today, but at least I got to walk away with some pips. Retracement pips are still pips at the end of the day.

Anyway, hope this didn’t come across as offensive or anything. Wasn’t intending to and I apologise in advance if I come off a little confrontational. I definitely agree that sticking to the short side would have netted great returns in this downwave; just trying to show another side of the picture. At the end of the day you’re a great trader JB (and a generous person for allowing us here). In the grand scheme of things, as long as Person A is making pips and getting away with it then I’m all for whatever methologies he uses.
You hesitate, you masturbate.
  • #5,714
  • Mar 27, 2019 8:25am Mar 27, 2019 8:25am
Quoting JayBag
{quote} It's not a matter of holding.. what's the use trading retracement? when a falling knife hit, we complain It's best to scalp short.. Lol sadly not everyone can see what I am seeing
you are dead right J,,,,if market get busted to the down side as it is pointing to,,,i took scalp some even hit stops too but remained to the sell side all day as its very bearish even there is not a single considerable retracement yet,,,i
MRMALIK1
  • #5,715
  • Mar 27, 2019 8:33am Mar 27, 2019 8:33am
Quoting engweijie
{quote} I see 2 types of buyers right now: 1. Building small, longer-termed positions. In a way, it’s quite similar to what you were doing building your shorts from 200 pips ago for this current down move. In principle, the only way a plan like this could fail is if one is over-leveraged (margin call) OR if the entirety of Europe goes bankrupt this year and the Euro is worth $0.00 USD overnight. As long as one is treading carefully with small positions, in some eventuality (just a matter of ‘when’), price will get back up. Maybe we won’t see 1.2xx...
spot on!
  • #5,716
  • Mar 27, 2019 8:36am Mar 27, 2019 8:36am
Quoting engweijie
{quote} I see 2 types of buyers right now: 1. Building small, longer-termed positions. In a way, it’s quite similar to what you were doing building your shorts from 200 pips ago for this current down move. In principle, the only way a plan like this could fail is if one is over-leveraged (margin call) OR if the entirety of Europe goes bankrupt this year and the Euro is worth $0.00 USD overnight. As long as one is treading carefully with small positions, in some eventuality (just a matter of ‘when’), price will get back up. Maybe we won’t see 1.2xx...

First of, I will advise you have sense of humor mate.. (just a little bit)
I would never monk you or your trading style..

You are a scalper who buy and sells at the same time and there's nothing wrong in that.. It's just wiser to know the entire structure of the market then you can scalp with more peace of mind.. but like you said, long as you make pips...

I am not offended at all mate.. We are all here to learn. I am not close to being pafect. (If I was, I would have my TE up all day and night)
  • #5,717
  • Mar 27, 2019 8:38am Mar 27, 2019 8:38am
Quoting mrmalik1
{quote} you are dead right J,,,,if market get busted to the down side as it is pointing to,,,i took scalp some even hit stops too but remained to the sell side all day as its very bearish even there is not a single considerable retracement yet,,,i


the move from 1.12498 to 1.1280 was more than considerable to me
knowing what was playing at the background (bearishness) it was worth the risk, a quick 20 to 30 pips does more good to your account..lol not that i am advocating it, but hey we have levels marked
  • #5,718
  • Mar 27, 2019 8:38am Mar 27, 2019 8:38am
Quoting JayBag
{quote} First of, I will advise you have sense of humor mate.. (just a little bit) I would never monk you or your trading style.. You are a scalper who buy and sells at the same time and there's nothing wrong in that.. It's just wiser to know the entire structure of the market then you can scalp with more peace of mind.. but like you said, long as you make pips... I am not offended at all mate.. We are all here to learn. I am not close to being pafect. (If I was, I would have my TE up all day and night)
woops sorry for making it feel so personal either way today’s been a fun ride haha
You hesitate, you masturbate.
  • #5,719
  • Mar 27, 2019 8:39am Mar 27, 2019 8:39am
AS for you thinking LONG or building long,

well, I don;t know what to comment on that. I will say we let PA decide mate..
As for me, I am short for a while..



I hope you guys will join me when 1.117 becomes a RES..
  • #5,720
  • Mar 27, 2019 8:39am Mar 27, 2019 8:39am
Quoting JayBag
{quote} First of, I will advise you have sense of humor mate.. (just a little bit) I would never monk you or your trading style.. You are a scalper who buy and sells at the same time and there's nothing wrong in that.. It's just wiser to know the entire structure of the market then you can scalp with more peace of mind.. but like you said, long as you make pips... I am not offended at all mate.. We are all here to learn. I am not close to being pafect. (If I was, I would have my TE up all day and night)
lol show off....
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