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The Swamp

  • #44,901
  • Oct 15, 2019 12:37pm Oct 15, 2019 12:37pm
EurChf, is not making easy for swissy to fall.
  • #44,902
  • Edited 1:48pm Oct 15, 2019 12:39pm | Edited 1:48pm
Quoting AirmanFF
{quote} Today i try your method. 7 wins in a row, just have one swisssy at 0,9976, to deal. But Itīs not for me, since 7 a.m ( gmt+1) Iīm glue to this. Iīm vintage, from the time of DM, FF and so on. Iīm more of a swinger but this has itīs fun. Thanks.
I don't have patience and actually feel stressful to hold the positions with profits...worrying about profits will disappear .. I have to force myself to hold that 10 pips each time to be honest...lol.....I guess we each have to find the trading methods to fit our own personalities.... you may wonder..is my method profitable for a long run ? absolutely.... here a screenshot of one of my regular accounts...
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  • #44,903
  • Oct 15, 2019 12:49pm Oct 15, 2019 12:49pm
shorted Uchf 9990...
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  • #44,904
  • Oct 15, 2019 12:50pm Oct 15, 2019 12:50pm
Quoting Boulder
{quote} I don't have patience and actually feel stressful to hold the positions with profits...worrying it will disappear .. I have to force myself to hold that 10 pips each time to be honest...lol.....I guess we each have to find the trading methods to fit our own personalities.... you may wonder..is my method profitable for the long run ? absolutely... see the growth chart of some of my accounts for this year...
Have no doubt, off the merits of your method. We spent most of the time in consolidation, where it works perfectly. In trending, is just being on the rigt side, wich can be seen in an higher TF. This said itīs simpler on the paper that put it to work. Congrats! BTW today i used the 30m chart.
  • #44,905
  • Oct 15, 2019 12:53pm Oct 15, 2019 12:53pm
Quoting Boulder
{quote} I don't have patience and actually feel stressful to hold the positions with profits...worrying profits will disappear .. I have to force myself to hold that 10 pips each time to be honest...lol.....I guess we each have to find the trading methods to fit our own personalities.... you may wonder..is my method profitable for the long run ? absolutely.... here a screenshot of one of my regular accounts... {image}
Hey Boulder,

is there place for discretion in your trading or do you have strict rules that you apply?

As I understand, you have rules for setting direction and pips you are willing to risk and then enter only along this direction with the help of some indicators and discretion (experience/gut feel/how you wanna call it)?
  • #44,906
  • Edited 1:10pm Oct 15, 2019 12:54pm | Edited 1:10pm
Quoting AirmanFF
{quote} Have no doubt, off the merits of your method. We spent most of the time in consolidation, where it works perfectly. In trending, is just being on the rigt side, wich can be seen in an higher TF. This said itīs simpler on the paper that put it to work. Congrats! BTW today i used the 30m chart.
very important... that is why I am 90% time shorting EurUsd ,,because EurUsd downtrends in higher time frames ( day, week and month)...
  • #44,907
  • Oct 15, 2019 1:00pm Oct 15, 2019 1:00pm
Quoting Boulder
{quote} very important... that is why I am 90% time shorting EurUsd ,,because EurUsd in downtrends in higher time frames ( day, week and month)...
Yeh, and ofc great money management, to endure few positions in red, until they mature
  • #44,908
  • Oct 15, 2019 1:09pm Oct 15, 2019 1:09pm
Quoting rytisv
{quote} Hey Boulder, is there place for discretion in your trading or do you have strict rules that you apply? As I understand, you have rules for setting direction and pips you are willing to risk and then enter only along this direction with the help of some indicators and discretion (experience/gut feel/how you wanna call it)?
I have some rules..but most of time, I will trade levels I post each day.....plus its easier to find 10 pips in a lot places instead sit that to wait for perfect entry or exit..
  • #44,909
  • Oct 15, 2019 1:20pm Oct 15, 2019 1:20pm
Quoting Boulder
{quote} I have some rules..but most of time, I will trade levels I post each day.....plus its easier to find 10 pips in a lot places instead sit that to wait for perfect entry or exit..
As I understand, you can manage quite big drawdowns (compared to your TP of 10 pips)?
If, for example, risk is about 150 pips and you enter a few shorts, that's quite a lot of TP's to outsize these SL's. But I guess the math still works
  • #44,910
  • Oct 15, 2019 1:38pm Oct 15, 2019 1:38pm
Quoting rytisv
{quote} As I understand, you can manage quite big drawdowns (compared to your TP of 10 pips)? If, for example, risk is about 150 pips and you enter a few shorts, that's quite a lot of TP's to outsize these SL's. But I guess the math still works
also need winning rate remain high to work,,.. currently I run avg 96%
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  • #44,911
  • Oct 15, 2019 1:59pm Oct 15, 2019 1:59pm
Quoting Boulder
{quote} also need winning rate remain high to work,,.. currently I run avg 96% {image}
are this for OANDA account
A good trader follows his rules, but great trader knows when to break them
  • #44,912
  • Oct 15, 2019 2:05pm Oct 15, 2019 2:05pm
Quoting ill_be_back
{quote} are this for OANDA account
yes
  • #44,913
  • Oct 15, 2019 2:17pm Oct 15, 2019 2:17pm
short EU here 1031...... one of them needs give up... either EU TP 1021 or Swissy 9980..lets see which one first..
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  • #44,914
  • Oct 15, 2019 2:39pm Oct 15, 2019 2:39pm
Quoting Boulder
short EU here 1031...... one of them needs give up... either EU TP 1021 or Swissy 9980..lets see which one first.. {image}
eu starts to look bullish..
  • #44,915
  • Oct 15, 2019 3:09pm Oct 15, 2019 3:09pm
Quoting gatenio
{quote} eu starts to look bullish..
eu running into larger tf R now. week 1049 and day 1064, they are permeable. Treat them as a area. Often the 1049 level will push pa back under 0979. Sometimes quickly, I treat these as a trend resumption. When the day ends up closing below 1.0979 after reaching 1.1049. Atm and since reaching for lows earlier. The 4h levels have become strong support. The excitement earlier looked like that classic reject I wrote about. I dont know what influenced the bounce, maybe Brexit news. No excuse, it was wrong. Now the Brexit news is known. I dont know if it will try. I know 1049 and 1064 are big numbers. So if pa breaks out of 4h levels, eu could drop to test 0979 (floating number) 0979 is subject to lower some if pa drops.

4h wise continue closing below 1033 is not bullish. 1022/23 some support, 1014/15 stronger.
those who can, do. those who cant, talk about those who can
  • #44,916
  • Oct 15, 2019 4:03pm Oct 15, 2019 4:03pm
Quoting gatorinla
{quote} eu running into larger tf R now. week 1049 and day 1064, they are permeable. Treat them as a area. Often the 1049 level will push pa back under 0979. Sometimes quickly, I treat these as a trend resumption. When the day ends up closing below 1.0979 after reaching 1.1049. Atm and since reaching for lows earlier. The 4h levels have become strong support. The excitement earlier looked like that classic reject I wrote about. I dont know what influenced the bounce, maybe Brexit news. No excuse, it was wrong. Now the Brexit news...
change to 1047
those who can, do. those who cant, talk about those who can
  • #44,917
  • Oct 15, 2019 6:40pm Oct 15, 2019 6:40pm
EU price is back in no man's land. (again)

Safe places to enter is
buy around 1.1015 or
Sell around 1.1045
  • #44,918
  • Oct 15, 2019 8:17pm Oct 15, 2019 8:17pm
Quoting gatorinla
{quote} eu running into larger tf R now. week 1049 and day 1064, they are permeable. Treat them as a area. Often the 1049 level will push pa back under 0979. Sometimes quickly, I treat these as a trend resumption. When the day ends up closing below 1.0979 after reaching 1.1049. Atm and since reaching for lows earlier. The 4h levels have become strong support. The excitement earlier looked like that classic reject I wrote about. I dont know what influenced the bounce, maybe Brexit news. No excuse, it was wrong. Now the Brexit news is known. I dont...
eu 4h support basically on the 5's. 1.1005 1.1015 1.1025 atm. moving up toward the Large R at 1049 or 1064. The higher R are on much larger tf, and with larger trend. pa is compressing against the larger Trends.
those who can, do. those who cant, talk about those who can
  • #44,919
  • Oct 15, 2019 8:21pm Oct 15, 2019 8:21pm
Quoting gatorinla
{quote} eu 4h support basically on the 5's. 1.1005 1.1015 1.1025 atm. moving up toward the Large R at 1049 or 1064. The higher R are on much larger tf, and with larger trend. pa is compressing against the larger Trends.
1h trend stops at close below 1.0030.. another support for 1h 1.0998/1.0002. close 1h below 1.0998, with a 4 close below 1.1005. Should be bearish
those who can, do. those who cant, talk about those who can
  • #44,920
  • Oct 15, 2019 9:00pm Oct 15, 2019 9:00pm
1h eu reverse bearish divergence present. 1028.6. closed under 1h 1030 above
those who can, do. those who cant, talk about those who can
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