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EURUSD only

  • #82,641
  • Apr 2, 2019 5:36am Apr 2, 2019 5:36am
Quoting ChristinaL
{quote} thanks for this. good stuff for me here to think about
I am glad it helped, i myself am a relatively new trader and i found that focusing on key questions like these helped me a lot.
  • #82,642
  • Apr 2, 2019 5:50am Apr 2, 2019 5:50am
15 pip adr today. our only hope is a small move up in 2 hours as I expect the US durable goods orders to be lower than expected.
  • #82,643
  • Apr 2, 2019 5:52am Apr 2, 2019 5:52am
More buyers here i think so,trade carefully
Its all about Timing!!!
  • #82,644
  • Apr 2, 2019 6:03am Apr 2, 2019 6:03am
Quoting Mystskull
Sell 1.12026 SL 1.12126 TP 1.11826 (May shift this up if it looks like it wont reach it)
Moved SL to BE and moved TP to 1.11926.
  • #82,645
  • Apr 2, 2019 6:12am Apr 2, 2019 6:12am
Quoting Mystskull
{quote} Sorry to bother you, but if you don't mind me asking are you using 1 minute to scalp or is it a trigger timeframe thing? And if so isn't there a lot of noise there and why M1 and not the M5? I just would like to know as right now i am using only one timeframe (M5) and want to understand more.
hi Mysts sorry for the late response, i didnt see your question till just now.

I use M5 & M1 for timing, so a trigger.
I would rather use M5 but especially when going short, price can move fast and then its difficult to find an entry point.
Price has to pullback for that and then M1 can help.
M1 & M5 are in relation to M30/H1.
I take triggers on M15 and M30 too in relation to H4.

hope this helps.

PS edit: right now price action is messy. its not a good example. so I would go up to M15 for example ....entry point 1.11964 as a possibility....
in wondering about yourself, you forgot what you came here to be part of
  • #82,646
  • Apr 2, 2019 6:20am Apr 2, 2019 6:20am
Quoting knkie
{quote} hi Mysts sorry for the late response, i didnt see your question till just now. I use M5 & M1 for timing, so a trigger. I would rather use M5 but especially when going short, price can move fast and then its difficult to find an entry point. Price has to pullback for that and then M1 can help. M1 & M5 are in relation to M30/H1. I take triggers on M15 and M30 too in relation to H4. hope this helps. PS edit: right now price action is messy. its not a good example. so I would go up to M15 for example ....entry point 1.11964 as a possibility....
No worries! Thanks for the reply. I kind of understand it. Basically you identify a trend on the higher time frame then wait for a counter trend on the lower time frame to enter? So you are waiting for the lower time frame and higher time frame to converge or do you just enter as long as it is a counter trend there?
  • #82,647
  • Apr 2, 2019 6:21am Apr 2, 2019 6:21am
Quoting Mystskull
{quote} Moved SL to BE and moved TP to 1.11926.
BE got hit. Will wait for NY open before taking another trade.
  • #82,648
  • Apr 2, 2019 6:27am Apr 2, 2019 6:27am
Quoting Mystskull
{quote} No worries! Thanks for the reply. I kind of understand it. Basically you identify a trend on the higher time frame then wait for a counter trend on the lower time frame to enter? So you are waiting for the lower time frame and higher time frame to converge or do you just enter as long as it is a counter trend there?
yes: HF trend and then a counter move on a LF ...then find the entry point back into the trend
in wondering about yourself, you forgot what you came here to be part of
  • #82,649
  • Apr 2, 2019 6:36am Apr 2, 2019 6:36am
Took long at 1.12 Target 1.1340. Will look to add buy if market goes below
Forex Learner
  • #82,650
  • Apr 2, 2019 6:39am Apr 2, 2019 6:39am
Quoting eqshack
{quote} bought 1.1225 today - Target 1.1330
Bought today at 1.12 Target 1.1340. Will add buy if market moves down
Forex Learner
  • #82,651
  • Apr 2, 2019 6:43am Apr 2, 2019 6:43am
Quoting rkr81
{quote} Bought today at 1.12 Target 1.1340. Will add buy if market moves down
How long are you expecting to hold it for?
You hesitate, you masturbate.
  • #82,652
  • Edited 7:10am Apr 2, 2019 6:44am | Edited 7:10am
SELL
1.1201

3 pip tight stop cause im not sure if price is flipping...
edit : moved sl to 5 pips
in wondering about yourself, you forgot what you came here to be part of
  • #82,653
  • Apr 2, 2019 6:59am Apr 2, 2019 6:59am
Quoting knkie
{quote} yes: HF trend and then a counter move on a LF ...then find the entry point back into the trend
Thanks for the clarification!
  • #82,654
  • Apr 2, 2019 7:04am Apr 2, 2019 7:04am
Quoting engweijie
{quote} How long are you expecting to hold it for?
Currently I don have any sl for this trade. It will be based on further movement of this pair. If moves up will look for TP. If move is down will look for retracement.
Forex Learner
  • #82,655
  • Apr 2, 2019 7:09am Apr 2, 2019 7:09am
Quoting rkr81
{quote} Currently I don have any sl for this trade. It will be based on further movement of this pair. If moves up will look for TP. If move is down will look for retracement.
just wondering...if it moves down: do you have a maximum that you would expect it to go without a retracement?
in wondering about yourself, you forgot what you came here to be part of
  • #82,656
  • Apr 2, 2019 7:15am Apr 2, 2019 7:15am
Quoting rkr81
{quote} Currently I don have any sl for this trade. It will be based on further movement of this pair. If moves up will look for TP. If move is down will look for retracement.
i guess he ask how long as how many hours/days/weeks/months
  • #82,657
  • Apr 2, 2019 7:25am Apr 2, 2019 7:25am
Quoting knkie
{quote} just wondering...if it moves down: do you have a maximum that you would expect it to go without a retracement?
its only moved 15 pips so far.

but knowing my luck it'll move 100 against me this afternoon.
  • #82,658
  • Apr 2, 2019 7:25am Apr 2, 2019 7:25am
Quoting knkie
{quote} just wondering...if it moves down: do you have a maximum that you would expect it to go without a retracement?
I expect a retracement if price moves further down. That’s why I buy if price moves down.
Forex Learner
  • #82,659
  • Apr 2, 2019 7:27am Apr 2, 2019 7:27am
news out in 3 minutes.

I expect a whipsaw down then up... (this is not advice!).
  • #82,660
  • Apr 2, 2019 7:29am Apr 2, 2019 7:29am
Maybe US data will come in red. Bought a little at 1.1205 with strict 10pip SL.
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