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  • #84,481
  • Apr 26, 2019 12:54pm Apr 26, 2019 12:54pm
Quoting bigiivan
{quote} You have erased a size, but the price and the profit are visible.
i also dnt wnt to erase size , mistake
  • #84,482
  • Apr 26, 2019 12:58pm Apr 26, 2019 12:58pm
I'm not convinced by the up-move, perhaps just shorts closing off. Will be looking to sell rallies next week.
If you want in on my experimental EA, PM me.
  • #84,483
  • Apr 26, 2019 1:00pm Apr 26, 2019 1:00pm
Quoting Skracor247
{quote} I see continued fundamental pressure on EUR/USD to see lower and lower prices. Until something fundamental changes in the relationship between the two currencies, this is how it will remain. Follow along with central banks and you will do fine. The only thing to watch out for are sweeps to the upside that are there to knock out the weak-handed speculators before continuation down. Intraday just follow along with what direction price is telling you and get out before volatility falls off. Whenever I catch myself 'hoping' price will do something...
well correct,, I am watching euro flowing out of the country to another.. 1how do we see that ,, in terms of business ..
  • #84,484
  • Apr 26, 2019 1:10pm Apr 26, 2019 1:10pm
Quoting Aashish333
anyone hopeful for euro below 1.1050
It is pure technical game,EU can only go down,not below 1.1050 but may be, if EU closes below 1.11414 and RSI 5 below 6.9187 in M15 chart.Now wait when it happens otherwise EU is long.
  • #84,485
  • Apr 26, 2019 1:31pm Apr 26, 2019 1:31pm
well countries do businesses as well,, don't they !!
I am hopeful below 1.1050 !!
  • #84,486
  • Edited 1:52pm Apr 26, 2019 1:41pm | Edited 1:52pm
Quoting RegisMexes
I'm not convinced by the up-move, perhaps just shorts closing off. Will be looking to sell rallies next week.
As long as no M15 candle closes below 1.11515 I prefer to keep longs..

Stay Green
Focus only on what truly matters!
  • #84,487
  • Apr 26, 2019 1:52pm Apr 26, 2019 1:52pm
Quoting Aashish333
{quote} well correct,, I am watching euro flowing out of the country to another.. 1how do we see that ,, in terms of business ..
Not as difficult as some would have you believe.

With a large enough difference in base interest rates money will steadily flow from one currency to another. It used to be the GBP/JPY carry trade but for now, the best ones are EUR/USD and USD/CHF and USD/JPY, EUR/USD being the most liquid of all the currency pairs.

Borrow Euros to convert and then lend Dollars at interest and then pocket the difference between the two. This activity is happening on a massive scale and so you have that outflow of currency.



This only applies as long as we are in global 'risk on' mode.
What you have to do in 'risk off' mode is assess where investors will park their money for safety until they see the bottom of the crisis. That will give you the needed info to find where the money is flowing to.
  • #84,488
  • Apr 26, 2019 2:02pm Apr 26, 2019 2:02pm
Quoting Aashish333
well countries do businesses as well,, don't they !! I am hopeful below 1.1050 !!
Years ago I had the same vision as you. Price goes up and down in waves and unless you have a sturdy pocket and lots of patience all good, but you could wait for weeks if not months to get to your price
cheers
Trade to trade another day
  • #84,489
  • Apr 26, 2019 2:06pm Apr 26, 2019 2:06pm
Hi all, quick question for the most expert of the thread on money management. I hope not too out of topic if so feel free to tell me I will delete. i think it could help many newbies though.
What is the max %value are you willing to risk?. I know it is personal and risk-adversion profile based, but still..

just asking an opinion to more expert people than me.

Thanks to all for all the interesting post of the past week. I always see a precious contribution to the thread by many.

Enjoy your weekend
  • #84,490
  • Apr 26, 2019 2:23pm Apr 26, 2019 2:23pm
Quoting Ker
Hi all, quick question for the most expert of the thread on money management. I hope not too out of topic if so feel free to tell me I will delete. i think it could help many newbies though. What is the max %value are you willing to risk?. I know it is personal and risk-adversion profile based, but still.. just asking an opinion to more expert people than me. Thanks to all for all the interesting post of the past week. I always see a precious contribution to the thread by many. Enjoy your weekend
Not sure about 'expert' - but I've been around long enough to stick to never risking more than 1.5% to 2% of my trading account on all open trades. Still in the game, so it's still working for me.
  • #84,491
  • Apr 26, 2019 2:27pm Apr 26, 2019 2:27pm
Quoting Wavegarrick
{quote} Years ago I had the same vision as you. Price goes up and down in waves and unless you have a sturdy pocket and lots of patience all good, but you could wait for weeks if not months to get to your price cheers
Bro Wavegarrick who have patience and who can wait for weeks, most of us lose patience when come in 10 or 20 pips plus but talk about months and even years,you may have read several times in threads.I am of the view that we should talk for today.
  • #84,492
  • Apr 26, 2019 2:41pm Apr 26, 2019 2:41pm
Quoting Ata-Turkoglu
{quote} As long as no M15 candle closes below 1.11515 I prefer to keep longs.. Stay Green
Everyone has their strategies; I can see the validity of yours too. However, it remains that EU is failing to have consecutive closes above 1.1160 which should worry the bulls. Also, EUR/USD correlates to XAU/USD at a fairly high rate and XAU/USD is running into a resistance now.

My account is not swap-free, so it takes quite a fair bit to convince me to go long on EUR/USD; or at least I will want a very good entry price or strong price action that will take it up fast.

Just my thoughts.
If you want in on my experimental EA, PM me.
  • #84,493
  • Apr 26, 2019 3:12pm Apr 26, 2019 3:12pm
Quoting Ker
Hi all, quick question for the most expert of the thread on money management. I hope not too out of topic if so feel free to tell me I will delete. i think it could help many newbies though. What is the max %value are you willing to risk?. I know it is personal and risk-adversion profile based, but still.. just asking an opinion to more expert people than me. Thanks to all for all the interesting post of the past week. I always see a precious contribution to the thread by many. Enjoy your weekend
My two cents!

1. R:R minimum 1:2 never less

2. Calculate the R:R in money no pips or points

3. % to risk depends of you. Your Psyco, your toleration to risk. But each time you going to take the % of risk always take it from the first Capital deposited, what that means. You deposit 10000 you lose then you got 9900. Next time you are going to calculate your risk do it based on the 10000 no 9900. If you have more 10000, example 10100 this is your new base to calculate your % of risk.

Thats all folk!
Don't believe me just watch!
  • #84,494
  • Apr 26, 2019 3:20pm Apr 26, 2019 3:20pm
Thanks guys!! Much appreciated
  • #84,495
  • Apr 26, 2019 4:13pm Apr 26, 2019 4:13pm
Quoting Wavegarrick
{quote} Hi Guys, I simply had to quote my previous post for simple reasons. 1.12000 is a very important barrier or level for EU. A weekly close or monthly close above or below does become important. We have monday and tuesday next week to see us through to month end and anything can still happen. I have opened a buy position off my monthly support 1 at 1.11168, basically a 50/50 entry. There are slight hints of a possible swing upwards but nothing much to convince me yet. My indicator will give that confirmation when it happens and a possible cyclic...


Would you be kind to share your template and indicators?
  • #84,496
  • Apr 26, 2019 5:25pm Apr 26, 2019 5:25pm
Quoting RegisMexes
{quote} Everyone has their strategies; I can see the validity of yours too. However, it remains that EU is failing to have consecutive closes above 1.1160 which should worry the bulls. Also, EUR/USD correlates to XAU/USD at a fairly high rate and XAU/USD is running into a resistance now. My account is not swap-free, so it takes quite a fair bit to convince me to go long on EUR/USD; or at least I will want a very good entry price or strong price action that will take it up fast. Just my thoughts.
I hear you, but since you didn't mention any timeframe in your post I can't interpret your post correctly. I always talk in terms of timeframe and I strongly recommend that you too get used to that habit as soon as possible. Also, many of my buddies here know that I don't give a damn about correlations, sorry for my language, but I genuinely can't stand it. Nothing personal here. To me the chart is the ULTIMATE story teller. It tells a story long time before the news or any so called "economist" spits out his/her "after the fact" horse-shit. I simply focus on my beloved candles. I can happily say that "the candles" and "my own charts" as a whole are my trustworthy friends, not the trend.

That being said, below is my H1 chart, which is my main guidance as an intraday trader. The confusion causing all the different views comes from the current situation regarding to my own methodology:

  1. Candles are above my GREEN line --> Bullish Yes? NO... because GREEN line is flat --> Causes choppiness and indecision!
  2. MACD is still below 0 --> Bearish Yes? NO.. because H1 candles are already above GREEN line --> Anomaly! Again: causes choppiness!
  3. Methodology Analysis: Candles are currently flowing inside my DASHED RED and Normal RED Trendlines. What do I do? I am planning to buy the DASHED-TOUCH. And once the perfect time arrives I will step down to the M15 chart and chase a buy setup BUT..... before I do, I will quickly check to see if H1 candles are still ABOVE the GREEN line at that very moment otherwise I don't take the trade and wait.

Long story short: Regarding to my analysis, at this moment any "intraday trader" (do you see how many times I referred to TIME in this post?) should either already be long or waiting for a buy setup. Will it last long? I don't care and I don't know. My weekly support level 1.1159 acted like a magnet so far and could have been the main reason why we, the intraday traders, had to deal with this choppy phase. Next week will clarify many things I believe, therefore I would say: a little more patience to see real direction. I hope it helps you to see how my logic works. Peace

*Inverse H&S pattern alert. Don't miss that either

Stay Green

Attached Image (click to enlarge)
Click to Enlarge Name: H1-Status-Update.png Size: 25 KB
Focus only on what truly matters!
  • #84,497
  • Apr 26, 2019 5:52pm Apr 26, 2019 5:52pm
Weekly S/R Levels

Below chart shows the updated version of S/R levels for coming week. I hope it helps.

Take care folks and happy weekends to all..

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: Weekly-Status.png Size: 29 KB
Focus only on what truly matters!
  • #84,498
  • Apr 26, 2019 6:24pm Apr 26, 2019 6:24pm
I trade primarily intra-day, but I agree with bullish outlook for next week...
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2019-04-26 at 4.15.56 PM.png Size: 225 KB
  • #84,499
  • Apr 26, 2019 6:51pm Apr 26, 2019 6:51pm
Back in June 2017, bulls rallied from this level quite decisively, considering the weekly chart time frame.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2019-04-26 at 4.47.57 PM.png Size: 158 KB
  • #84,500
  • Apr 26, 2019 9:15pm Apr 26, 2019 9:15pm
Quoting Aashish333
anyone hopeful for euro below 1.1050
President Trump is already very unhappy about the $ being too strong so it's unlikely that it will go below 1.1 but 1.105 is possible.
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