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The Swamp

  • #35,521
  • May 24, 2019 8:38am May 24, 2019 8:38am
Quoting Boulder
{quote} Large options expiring today may keep EurUsd in range. Between 1.1170 and 1.1200, there are $4.4 bln euros in expiring
LC lowest week at 1159. Above it today, may be further rejection. If so, 1186 Day may end up supportive. 2h to go, bears dont have a lot of time to reach for 1159. after yesterday reject of 1137, that would agree. Plus 1145 and 1155 bounce. 1209 is the next level to beat for bulls chart wise. 1124/25 week wise often rejects day seekers.
those who can, do. those who cant, talk about those who can
  • #35,522
  • May 24, 2019 8:38am May 24, 2019 8:38am
Quoting gatorinla
not much to move it fundi wise next week.. Friday being a month close may have some excitement.. looks like a sleeper mostly till.. Q close 1231 M 1217 {image}
frustrating.. I can't even make my 10 pips scalp today...
  • #35,523
  • May 24, 2019 8:39am May 24, 2019 8:39am
Quoting Boulder
{quote}I know your strategy is more like snowballing strategy.. it can gain exponentially if it runs correctly..
A strategy that guarantees cascades of losses while constantly swinging for a home run has a tendency to blow accounts.
  • #35,524
  • May 24, 2019 8:46am May 24, 2019 8:46am
Quoting C-12
{quote} A strategy that guarantees cascades of losses while constantly swinging for a home run has a tendency to blow accounts.
exactly...
that is why I am more interested to hear exit strategy or see exit results esp when the trend reverses on him,.,
  • #35,525
  • May 24, 2019 8:50am May 24, 2019 8:50am
He has a proven strategy. He has a buy window. He buys levels within his window. He tp at his target levels. lots of ways to trade. Trade what works for you. .
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those who can, do. those who cant, talk about those who can
  • #35,526
  • May 24, 2019 8:52am May 24, 2019 8:52am
Quoting gatorinla
He has a proven strategy. He has a buy window. He buys levels within his window. He tp at his target levels.
I know.. I try to learn from him.. .not give him hard time,,,..trading is two steps.. in and out... he only show' in'.. never show 'out'.. I am just curious about outs... not TP
  • #35,527
  • May 24, 2019 8:53am May 24, 2019 8:53am
Quoting Boulder
{quote} exactly... that is why I am more interested to hear exit strategy or see exit results esp when the trend reverses on him,.,
There was a guy on the GBPUSD thread who ran his account up to nearly $400k by snowballing shorts.

You can still see the outcome of this strategy when the trend changed last last year.

https://www.myfxbook.com/members/biax/bridge/1735683
  • #35,528
  • May 24, 2019 8:58am May 24, 2019 8:58am
Quoting Boulder
{quote} I know.. I try to learn from him.. .not give him hard time,,,..trading is two steps.. in and out... he only show' in'.. never show 'out'.. I am just curious about outs.
I dont think he is snowballing. He always posts harmonic patterns.
those who can, do. those who cant, talk about those who can
  • #35,529
  • May 24, 2019 9:13am May 24, 2019 9:13am
Quoting gatorinla
{quote} I dont think he is snowballing. He always posts harmonic patterns.
look like though.. looking at the time stamp,, he buys up..
I don't want to waste my time on this... just a very simple request. I like to see him to post exit results more .. not just when its still running in his favor.....
  • #35,530
  • May 24, 2019 9:15am May 24, 2019 9:15am
scalp a short here 1197.. for 10 pips...
  • #35,531
  • May 24, 2019 9:24am May 24, 2019 9:24am
Quoting C-12
{quote} There was a guy on the GBPUSD thread who ran his account up to nearly $400k by snowballing shorts. You can still see the outcome of this strategy when the trend changed last last year. https://www.myfxbook.com/members/biax/bridge/17356873
looks like he didnt manage his account well. Leverage works both ways. overleveraged kills most accounts. Bear & Stearns was overleveraged and died. Goldman was overleveraged and lived. Goldman sold their worthless crap to their clients to save their ass. On any given day many here are snowballing. Just a day or 2 away from blowing an account. That guy had a few bad days. Sometimes you have to be willing to cut off a finger early to live. Sometimes a arm or leg. If not, your account dies. Its absorbed by the guys doing the same. Wash rinse repeat. Goldman singing to clients la la la la, la la la........
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those who can, do. those who cant, talk about those who can
  • #35,532
  • May 24, 2019 9:31am May 24, 2019 9:31am
Quoting Boulder
scalp a short here 1197.. for 10 pips...
Pending Triggered
OUT Lost a few
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A good trader follows his rules, but great trader knows when to break them
  • #35,533
  • May 24, 2019 9:33am May 24, 2019 9:33am
Quoting Boulder
{quote} look like though.. looking at the time stamp,, he buys up.. I don't want to waste my time on this... just a very simple request. I like to see him to post exit results more .. not just when its still running in his favor.....
4h may be giving a reversal sign if it keeps climbing in 2.5 h. week test of 1224/25 may be at the right place for 4h.
those who can, do. those who cant, talk about those who can
  • #35,534
  • May 24, 2019 9:38am May 24, 2019 9:38am
Quoting ill_be_back
{quote} Pending Triggered {image}
I short again at 1206 with 10 pips stop.. if I stop out , I am done today.....
not a good day for me...
  • #35,535
  • May 24, 2019 9:45am May 24, 2019 9:45am
Quoting Boulder
{quote} Good luck with your longs... well done.. I do have a question for you.. how you deal with your positions when the trend reverses on you? I saw a lot of your posts only when they were in big gains.. I am more interested in how to deal with exits... I think exit info will be more meaningful... we may learn something from you... I know your strategy is more like snowballing strategy.. it can gain exponentially if it runs correctly..
I don't know any thing about snowball strategy , Exit Point is Take Profit Point , I'm just a Harmonic Trader , That's all.

Good Luck
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Patterns have an underlying mathematical structure.
  • #35,536
  • May 24, 2019 9:59am May 24, 2019 9:59am
Quoting Amir_Forex
{quote} I don't know any thing about snowball strategy , Exit Point is Take Profit Point , I'm just a Harmonic Trader , That's all. Good Luck {image}
what about the swap? you hold long for week, the gain is cut by the swap.
  • #35,537
  • May 24, 2019 10:02am May 24, 2019 10:02am
Quoting Amir_Forex
{quote} I don't know any thing about snowball strategy , Exit Point is Take Profit Point , I'm just a Harmonic Trader , That's all. Good Luck {image}
Why not post some harmonics rather than pip counters.
  • #35,538
  • May 24, 2019 10:09am May 24, 2019 10:09am
Quoting C-12
{quote} Why not post some harmonics rather than pip counters.

https://www.forexfactory.com/showthr...t=9978&page=18
Patterns have an underlying mathematical structure.
  • #35,539
  • May 24, 2019 10:17am May 24, 2019 10:17am
Lots of hurdles upside. Friday probably killed volatility... 1106 is a weird place to have reversed. 1097 would have been better for me.

Maybe its showing how tough 1097 really is bouncing 9 pips away from it. A previous post i made before said 1429 is not out the question. Still relates to this 1.11 area.

I still look for 1.08. But up here i will just hit and run.
  • #35,540
  • May 24, 2019 10:34am May 24, 2019 10:34am
Quoting Boulder
{quote} I short again at 1206 with 10 pips stop.. if I stop out , I am done today..... not a good day for me...
5 against me & i know I am wrong Then try to get OUT with min Loss of 2-3 (very easy to recover)
next attempt around gators 1224
A good trader follows his rules, but great trader knows when to break them
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