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The Swamp

  • #36,221
  • Jun 5, 2019 10:18am Jun 5, 2019 10:18am
Quoting mars1
{quote} What is your sell exit points?
You Could See " Take Profit "

Patterns have an underlying mathematical structure.
  • #36,222
  • Jun 5, 2019 10:21am Jun 5, 2019 10:21am
Quoting mars1
{quote} Thanks pipcenturion. Lets see if it works

You are welcome!
  • #36,223
  • Jun 5, 2019 10:35am Jun 5, 2019 10:35am
Quoting gatorinla
{quote} 1273 or 1264 didnt support eu. h close below 1253 on h should push down some. AJ is held up on air.. Any flight to safety should help usd. Give it a minute or a few months.
Didn't expect a bear move from that location at all. Will need to see the D1 close for more info, potentially a long tailed pin, let's see.
  • #36,224
  • Jun 5, 2019 10:43am Jun 5, 2019 10:43am
Quoting Boulder
now expand this to see how low this can go just in case .. next to print either 1241 or 1302... FP R3 ----------1.1302 FP R2 ----------1.1283 RU R2 ----------1.1280 MP R2 ----------1.1278 FP R1 ----------1.1271 WP R3 ----------1.1266 RU R1 ----------1.1266 FP PP ----------1.1252 MP R1 ----------1.1241 RU S1 ----------1.1238 FP S1 ----------1.1233 WP R2 ----------1.1228 RU S2 ----------1.1224 FP S2 ----------1.1221 WP R1 ----------1.1204
Its cruel market sometimes... print top 1302 then 1241...1238 next if bears still have it....

FP R3 ----------1.1302
FP R2 ----------1.1283
RU R2 ----------1.1280
MP R2 ----------1.1278
FP R1 ----------1.1271
WP R3 ----------1.1266
RU R1 ----------1.1266
FP PP ----------1.1252
MP R1 ----------1.1241
RU S1 ----------1.1238
FP S1 ----------1.1233
WP R2 ----------1.1228
RU S2 ----------1.1224
FP S2 ----------1.1221
WP R1 ----------1.1204
  • #36,225
  • Jun 5, 2019 10:51am Jun 5, 2019 10:51am
Quoting C-12
{quote} Didn't expect a bear move from that location at all. Will need to see the D1 close for more info, potentially a long tailed pin, let's see.
normal retrace at 1231, plus that is Q1 close. If it manges -1221 NY close. You may want to rethink
those who can, do. those who cant, talk about those who can
  • #36,226
  • Jun 5, 2019 10:51am Jun 5, 2019 10:51am
Quoting C-12
{quote} Didn't expect a bear move from that location at all. Will need to see the D1 close for more info, potentially a long tailed pin, let's see.
I was hoping for a Price Action set-up to give us an opportunity to buy the dip. Instead the slow grind down continues.
  • #36,227
  • Jun 5, 2019 11:04am Jun 5, 2019 11:04am
done it!
close all
don't predict direction, but dance with flow of water
  • #36,228
  • Jun 5, 2019 11:16am Jun 5, 2019 11:16am
Quoting priceaction1
{quote} me too "I'm mad as hell" challenge my self, with a medium funded account. what I want to achieve. 1. use low leverage (1:50) 2. profit 200% 3 Not more than 10% loss trades 4 profit factor of more than 5. 5 duration of challenge is for 6 months. will post the result when the target achieved.
done it!
close all
Target achieved. i.e 200%
within 2 month

Gross Profit:10 413.54
Gross Loss:381.00
Total Net Profit:10 032.54
Profit Factor:27.33
Expected Payoff:179.15
Absolute Drawdown:209.00
Maximal Drawdown:235.00 (4.68%)
Relative Drawdown:4.68% (235.00)

Total Trades:56
Short Positions (won %):34 (94.12%)
Long Positions (won %):22 (95.45%)
Profit Trades (% of total):53 (94.64%)
Loss trades (% of total):3 (5.36%)
don't predict direction, but dance with flow of water
  • #36,229
  • Jun 5, 2019 11:19am Jun 5, 2019 11:19am
I have booked almost 130 pips from EU today. Still have two sells from 1290 running with SL at BE.
  • #36,230
  • Jun 5, 2019 11:39am Jun 5, 2019 11:39am
ok next challenge

15000 to 50000
duration =6 months
loss trades less than 50%
profit factor = 2
leverage= 1:50 max.
start date 4.6.2019


final update
https://www.forexfactory.com/showthr...4#post12312924
don't predict direction, but dance with flow of water
  • #36,231
  • Jun 5, 2019 11:41am Jun 5, 2019 11:41am
Quoting gatorinla
{quote} normal retrace at 1231, plus that is Q1 close. If it manges -1221 NY close. You may want to rethink
Already have done.

Still keeping the long but I've banked off it a few times already, so very little left on it. 1221 looks like it has some promise..
Attached Image (click to enlarge)
Click to Enlarge Name: EU.PNG Size: 31 KB
  • #36,232
  • Jun 5, 2019 12:39pm Jun 5, 2019 12:39pm
area for a long entry.
https://charts.mql5.com/21/406/eurus...arkets-pty.png
don't predict direction, but dance with flow of water
  • #36,233
  • Jun 5, 2019 1:27pm Jun 5, 2019 1:27pm
Quoting gatorinla
{quote} normal retrace at 1231, plus that is Q1 close. If it manges -1221 NY close. You may want to rethink
1231 achieved. 1221 is now 1218.x/19.. 1231 is bull norm.. But now pa is back below week 1264.. closing the day below 1218 is less bullish. -1218 is the week bear side. closing below -1185 is the bear side of the day.
those who can, do. those who cant, talk about those who can
  • #36,234
  • Jun 5, 2019 1:30pm Jun 5, 2019 1:30pm
Quoting Boulder
{quote} Its cruel market sometimes... print top 1302 then 1241...1238 next if bears still have it.... FP R3 ----------1.1302 FP R2 ----------1.1283 RU R2 ----------1.1280 MP R2 ----------1.1278 FP R1 ----------1.1271 WP R3 ----------1.1266 RU R1 ----------1.1266 FP PP ----------1.1252 MP R1 ----------1.1241 RU S1 ----------1.1238 FP S1 ----------1.1233 WP R2 ----------1.1228 RU S2 ----------1.1224 FP S2 ----------1.1221 WP R1 ----------1.1204
Good plan. I hope you made a pile..
those who can, do. those who cant, talk about those who can
  • #36,235
  • Jun 5, 2019 1:51pm Jun 5, 2019 1:51pm
Quoting gatorinla
{quote} 1231 achieved. 1221 is now 1218.x/19.. 1231 is bull norm.. But now pa is back below week 1264.. closing the day below 1218 is less bullish. -1218 is the week bear side. closing below -1185 is the bear side of the day.
that didnt take long.. the number is less than 1218.4.. I will need to watch it to know for sure. I missed seeing its reaction. -1218 should be enough, but its real close.
those who can, do. those who cant, talk about those who can
  • #36,236
  • Jun 5, 2019 1:57pm Jun 5, 2019 1:57pm
see if it tries again.. h close to closing. .
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 28 KB
those who can, do. those who cant, talk about those who can
  • #36,237
  • Jun 5, 2019 1:57pm Jun 5, 2019 1:57pm
Quoting gatorinla
{quote} that didnt take long.. the number is less than 1218.4.. I will need to watch it to know for sure. I missed seeing its reaction. -1218 should be enough, but its real close.
Good call, you still holding short or taken it off the table?

1215 is key here. A significant close below and this thing could get taken to the woodshed, even before NFP.
  • #36,238
  • Jun 5, 2019 2:00pm Jun 5, 2019 2:00pm
closed under 1231.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 30 KB
those who can, do. those who cant, talk about those who can
  • #36,239
  • Jun 5, 2019 2:02pm Jun 5, 2019 2:02pm
Quoting C-12
{quote} Good call, you still holding short or taken it off the table? 1215 is key here. A significant close below and this thing could get taken to the woodshed, even before NFP.
closed some, still hold some.
those who can, do. those who cant, talk about those who can
  • #36,240
  • Jun 5, 2019 2:16pm Jun 5, 2019 2:16pm
Quoting gatorinla
{quote} closed some, still hold some.
H1 supply level now printed. An extra nail in the coffin for bulls.
Attached Image
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