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  • #35,801
  • Mar 25, 2020 10:44am Mar 25, 2020 10:44am
EG is on the rise again, at the same time GU is plunging.
In both cases it's too early to enter, looking at WR38/WS38.
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Porta itineris dicitur longissima esse
  • #35,802
  • Edited 11:09am Mar 25, 2020 10:49am | Edited 11:09am
Quoting bubincka
EG is on the rise again, at the same time GU is plunging. In both cases it's too early to enter, looking at WR38/WS38. {image} {image}
Why is EG too early?
Pair average ADR is 160 and corrected today 260pips To me that's extreme and begging for minimum 75pips correction

Look at the whole picture not just pivots
Daily lower lows clear downtrend
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In trading, you have to be defensive and aggressive at the same time
  • #35,803
  • Mar 25, 2020 11:15am Mar 25, 2020 11:15am
Quoting Davit
{quote} Why is EG too early? Pair average ADR is 160 and corrected today 260pips To me that's extreme and begging for minimum 75pips correction Look at the whole picture not just pivots Daily lower lows clear downtrend {image} {image}
In such a volatile market I'm also considering EMAs for a more safe entry, now PA is still above EMA(8) on M30.
Porta itineris dicitur longissima esse
  • #35,804
  • Mar 25, 2020 11:55am Mar 25, 2020 11:55am
Closed EG in nice profit
Closed UJ as loss.Overall almost 2k today. Was waiting to get out of UJ at lower price but this knucklehead just would not budge so cut it out
Its fine still had a killer day whole week so far actually.

Shorting UJ not recommended. Last thing you need is drop ball crap from BOJ and this shoots to 14-15 not worth the risk
I am done trading Yen until it stabilizes.Right now it looks like building up for something big.
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In trading, you have to be defensive and aggressive at the same time
  • #35,805
  • Mar 25, 2020 12:03pm Mar 25, 2020 12:03pm
Quoting bubincka
{quote} In such a volatile market I'm also considering EMAs for a more safe entry, now PA is still above EMA(8) on M30.
When spikes happen fast MA's are too slow to catch up.Something to be aware.When they do eventually catch up with price it is significantly moved already as we witnessed on EG

I shared my weekly plan and mentioned here was planning to short at 92 posted.
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In trading, you have to be defensive and aggressive at the same time
  • #35,806
  • Mar 25, 2020 12:05pm Mar 25, 2020 12:05pm
A note for our health guys. Specifically OUR BACKS.
I am a retired Professional Firefighter. Firefighting is not easy on the body , not whining , just comes with the territory.
I suffered for years with severe lumbar region back pain and attributed my back pain to injuries I suffered while on the job.
A young firefighter finally convinced me to go to a chiropractor. I went , and the results were an improvement which decreased my pain by about 40% , then I plateaued. However , it didn't get any worse either.
THE MAJOR BREAKTHROUGH , for me , came when one of the Fire Dept's Mechanics advised me to see a well known OSTEOPATH in my city. Took me 3 months to get an appointment to see this man , who is now in his 60's.
Peter ( his real name) , told me that he could make another significant reduction in my back pain , BUT , it was really going to hurt.
Peter wasn't F%#kin KIDDING !!!! There is a muscle called the PSOAS MUSCLE , it connects to your spine and goes down through the groin area. Found out that my psoas muscle was severely tight and THAT WAS WHAT WAS ACTUALLY CAUSING MY BACK PAIN FOR ALL THOSE YEARS THAT I SUFFERED IMMENSELY.
2 BACK TO BACK TREATMENTS INITIALLY , and one a year for the past 3 years. PETER TOLD ME that the release of my psoas was about as close as a male can get to what a woman experiences at childbirth !!!!! I had tears pouring down my face !!!! THE MAIN CAUSE OF A TIGHT PSOAS MUSCLE IS SITTING !!!!
Super painful , but , BEST THING I EVER DID FOR MY BACK !!!
I "listen to my body" now. Finally , at age 57. I wait for help with heavy things that need lifting. Working out everyday again on a stationary bike and leg curls on a bench lying on my stomach to work the hamstrings , low weight , nice and slow , high repetitions , "listening to my body which tells me when to stop".
Just my 2 cents worth guy's , but , it totally changed my life.
While trading , I force myself to get up , walk around , then stretch before I sit down again.
Numerous other firefighters and police officers have gone to this man and they have had the same results as me.

Good luck fella's ,
GREAT to be back trading , and I'm currently using Davit's MA's and I am picking UC shorts and longs off like flies , still heavy short on the UC pair though.
Sincerely ,
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #35,807
  • Mar 25, 2020 12:11pm Mar 25, 2020 12:11pm
No DD running green trades. Hitting all cylinders
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In trading, you have to be defensive and aggressive at the same time
  • #35,808
  • Mar 25, 2020 12:17pm Mar 25, 2020 12:17pm
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  • #35,809
  • Mar 25, 2020 12:21pm Mar 25, 2020 12:21pm
Reloading EG 20pips above where I exited last trades.
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In trading, you have to be defensive and aggressive at the same time
  • #35,810
  • Mar 25, 2020 12:26pm Mar 25, 2020 12:26pm
Dow has been a wild volatile Roller Coaster this morning. In slight drawdown on a small sell right now watching for it to possibly rollover and add.
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #35,811
  • Mar 25, 2020 12:30pm Mar 25, 2020 12:30pm
Quoting Romanov102
Dow has been a wild volatile Roller Coaster this morning. In slight drawdown on a small sell right now watching for it to possibly rollover and add. {image}
Be careful Feds injecting capital is pushing stocks up.Instead you should of been buyer earlier
my 2c
In trading, you have to be defensive and aggressive at the same time
  • #35,812
  • Mar 25, 2020 12:31pm Mar 25, 2020 12:31pm
Quoting GreenEarth
A note for our health guys. Specifically OUR BACKS. I am a retired Professional Firefighter. Firefighting is not easy on the body , not whining , just comes with the territory. I suffered for years with severe lumbar region back pain and attributed my back pain to injuries I suffered while on the job. A young firefighter finally convinced me to go to a chiropractor. I went , and the results were an improvement which decreased my pain by about 40% , then I plateaued. However , it didn't get any worse either. THE MAJOR BREAKTHROUGH , for me , came...
My preference is Asian massage therapists.
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #35,813
  • Edited Mar 26, 2020 3:13am Mar 25, 2020 12:44pm | Edited Mar 26, 2020 3:13am
Quoting GreenEarth
A note for our health guys. Specifically OUR BACKS. I am a retired Professional Firefighter. Firefighting is not easy on the body , not whining , just comes with the territory. I suffered for years with severe lumbar region back pain and attributed my back pain to injuries I suffered while on the job. A young firefighter finally convinced me to go to a chiropractor. I went , and the results were an improvement which decreased my pain by about 40% , then I plateaued. However , it didn't get any worse either. THE MAJOR BREAKTHROUGH , for me , came...
Had shoulder and knee pain over a year and went to osteopath. One treatment and a month later it was gone. Now visiting this guy regularly once a year.
  • #35,814
  • Mar 25, 2020 12:45pm Mar 25, 2020 12:45pm
Waiting ec to run down s1
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  • #35,815
  • Edited 3:19pm Mar 25, 2020 12:58pm | Edited 3:19pm
Quoting Davit
{quote} Be careful Feds injecting capital is pushing stocks up.Instead you should of been buyer earlier my 2c
Yes fed is injecting on the open today it was up down up I entered just above the previous top with a very small sell so volatile it's a game of guesswork. Because its the DOW one of the things I try to watch when it looks like it might have a chance of rolling over is declining volume. 2nd Red candle now on 5 minute. They come very close to hitting lock limit up before it rolled over.
Update: Market rolled over and out of it in the GREEN with both positions. I didn't add any at the top because market was precariously close to lock limit up. 2 for 2 done for the day! In hindsight I could have done better, I'm still not back to firing on all cylinders yet. A local doctor did a news story today here pleading with people to just stay home. He said the numbers are a joke, chances are tens of thousands have been infected with many only having mild symptoms. They are not testing unless you are admitted to Hospital with breathing difficulties as I told you before everyone has been sick here myself included which is one of the reasons I've just been taking it easy.
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #35,816
  • Mar 25, 2020 1:26pm Mar 25, 2020 1:26pm
Closed 2nd trade on EG today covered UJ loss so great day
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In trading, you have to be defensive and aggressive at the same time
  • #35,817
  • Mar 25, 2020 1:33pm Mar 25, 2020 1:33pm
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Hit eurgbp and closed again.
  • #35,818
  • Mar 25, 2020 1:41pm Mar 25, 2020 1:41pm
All I can say if you are not making money you are not looking! This was awesome day on crosses specially EC EG majors EU GU UC

Day like this separates real traders from aspiring traders.No offense to beginners.You put time effort you'll get there!Tools are shared here and look up clipboard ton of material to read.
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In trading, you have to be defensive and aggressive at the same time
  • #35,819
  • Mar 25, 2020 2:28pm Mar 25, 2020 2:28pm
Quoting Davit
All I can say if you are not making money you are not looking! This was awesome day on crosses specially EC EG majors EU GU UC Day like this separates real traders from aspiring traders.No offense to beginners.You put time effort you'll get there!Tools are shared here and look up clipboard ton of material to read. {image}
LOVE THAT BOOK !!!
"Define the risk OUT of your trade"--Mark Douglas
  • #35,820
  • Mar 25, 2020 3:08pm Mar 25, 2020 3:08pm
Quoting ppxdf
{quote} yes. also this one. Look at volatility peak 2009(Financial crisis &2020 (medical crisis), and compare with gold {image}
Hi buddy starting to be concern about you.You stopped posting.What's going on?Ton of great opportunities all around to recoup some of your losses.I hope that spike did not kill your pilot spirit!
warm regards
In trading, you have to be defensive and aggressive at the same time
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