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  • #21
  • Edited 7:40am Jul 16, 2019 6:15am | Edited 7:40am
Something else I look for are long candles... This is the 4 hour. there is always a retrace after along candle. Even if the major trend doesn't reverse, there is always at least a small retrace.

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  • #22
  • Edited 7:41am Jul 16, 2019 7:07am | Edited 7:41am
I was looking for 10 ips but settled for 5.7 pips. Sideways trading and very slow. Live to trade another day

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  • #23
  • Jul 17, 2019 7:50am Jul 17, 2019 7:50am
No data release. No news. No activity. No trade.


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  • #24
  • Jul 17, 2019 8:21am Jul 17, 2019 8:21am
I usually don't trade after 10:30 or 11:00 which is when London closes. But I placed the trade sell EURUSD just after London close.
Looking for 8 pips.

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  • #25
  • Jul 17, 2019 1:44pm Jul 17, 2019 1:44pm
It was a nothing burger

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  • #26
  • Jul 18, 2019 7:36am Jul 18, 2019 7:36am
More less a "nothing-burger" week...
Trading just for sake of trading is suicide.
A strategy is only as good as the trader trading it.

Maybe Friday will offer some entry. Today... nyet...

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  • #27
  • Edited 8:00am Jul 18, 2019 7:50am | Edited 8:00am
PRACTICE PRACTICE PRACTICE

Practice makes perfect. This is areally great simulator available free for both MT4 and MT5.
The company offers a lot of services free of charge.
Competitions, trading analysis, trade mirror, and much much more.
One of the best I have seen.
I especially appreciate the simulator. that way I can practice my strategy in all sorts of market conditions.
I used to like surprises when I was a child, but I really don't like surprises when I am trading.
https://www.fxblue.com/appstore/39/m...ding-simulator

https://steemitimages.com/640x0/http...qFvh4hKA/x.jpg
https://steemitimages.com/640x0/http...Suhk6V9J/f.PNG
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  • #28
  • Edited 12:08pm Jul 18, 2019 11:57am | Edited 12:08pm
Don't usually trade this time of day. 1 hour before US close.
BUT. It was huge sudden move up. Looking for 8 pips.

Plus there is an impressive loooong candle the 1 hr. Long candles usually get retraced.

If I get stuck in the position after close there is a positive rollover interest.
I have enough room to place a second sell and look for higher tp for a net gain.

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  • #29
  • Jul 18, 2019 5:11pm Jul 18, 2019 5:11pm
Wahoo.. Got it.
Took 3 hours..

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  • #30
  • Jul 19, 2019 5:27am Jul 19, 2019 5:27am
US open. No scheduled releases. It's a Friday...
Entered buy looking for 8-10 pips

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  • #31
  • Jul 19, 2019 6:50am Jul 19, 2019 6:50am
Gottcha...

That's it for today. It's Friday. Trading slows as people leave the market early for the weekend. When London closes there is very little activity on a Friday.

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  • #32
  • Jul 19, 2019 10:11am Jul 19, 2019 10:11am
Oh Yeah...
I do not know how to code mt4... in meta editor
But I managed to put in a sound alert for an indicator I like to use.
It was cut and paste, but it wasn't all that clear or easy.
It took me 2 days to find the sound folder in meta editor.
It wasn't in the data folder on the platform and there were no sounds.
But there it is. Chirping away!!Beautiful to behold...

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  • #33
  • Jul 22, 2019 5:16am Jul 22, 2019 5:16am
Slow week ahead for data.
Market in general trading in a narrow range for weeks
A slight move at US open the 1 min.
Entered buy looking for 7 pips.


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  • #34
  • Jul 22, 2019 6:28am Jul 22, 2019 6:28am
Got it!

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  • #35
  • Jul 23, 2019 5:27am Jul 23, 2019 5:27am
Checking the calendar for the week on forex factory, again very light data for today.
Entered buy just after US market open looking for 8 pips.
Prepred to open a second buy if the position goes against by 10 pips.
And move tp to just above the first position looking for net gain 12 pips.
Depending on the momentum I have a choice to wait for -20 pips and then look for net gain 15 to 20 pips.
But this is highly unlikely today.

https://www.forexfactory.com/calenda...eek=jul21.2019

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  • #36
  • Jul 23, 2019 11:25am Jul 23, 2019 11:25am
Took a loss today. No data release but ECB is going to announce on Thurs and the consensus is cutting rates.
That pushed the EUR down against the dollar.

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  • #37
  • Jul 24, 2019 5:17am Jul 24, 2019 5:17am
GBPUSD has very big swings. Let's test it out. This is the US open.
This is just for practice and is not connected to my provider account.

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  • #38
  • Jul 24, 2019 6:10am Jul 24, 2019 6:10am
Looking good. GBPUSD.

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  • #39
  • Last Post: Jul 25, 2019 5:48am Jul 25, 2019 5:48am
Big day today for EURUSD. ECB monetary policy decision and statements by Draghi..
Waited until all was said and done. After the rate decision was announced, to hold steady, stops were taken out and there was some short covering and then the EUR plunged. But the FED is expected tocut rates in a few days so things stabilized fairly quickly.
anyway I waited until all the excitement was over and entered looking for 10 pips on a retrace as usual. Got it.


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