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EURUSD

  • #1,167,901
  • Apr 29, 2020 1:10pm Apr 29, 2020 1:10pm
Quoting PatienceFx
eu will fly for the rest of the week
In ur dreams. It will never fly unless the monthly and weekly charts turned bullish
  • #1,167,902
  • Apr 29, 2020 1:11pm Apr 29, 2020 1:11pm
Quoting here2there
{quote} Some of us are willing to take the time to answer questions. But time is limited. It's easier to direct people to helpful resources. If someone wants to become a successful trader, then he or she must be willing to invest in their education. But finding a good teacher isn't so easy.

There are a lot here that will help some of the time and then there some here that invest a lot of there time to help others,

The real issue is that most here a FF are not worth other peoples time, and this comes about by the quality of the posts we all Share here,

If its just dribble and crap all the time, then no one will waist there time with any of them,

On the other hand if your posts are showing some improvement over time, then others will offer you some form of guidance.

BUT IT ALL BOILS DOWN TO THE INDIVIDUAL'S POSTING AT THE TIME
  • #1,167,903
  • Apr 29, 2020 1:11pm Apr 29, 2020 1:11pm
long 0861 + 0865
  • #1,167,904
  • Apr 29, 2020 1:15pm Apr 29, 2020 1:15pm
Quoting PatienceFx
eu will fly for the rest of the week

Absolutly, it is possible.
We have a diamond on weekly chart and we may exit by the upside
  • #1,167,905
  • Apr 29, 2020 1:17pm Apr 29, 2020 1:17pm
Quoting Kingofnight
{quote} In ur dreams. It will never fly unless the monthly and weekly charts turned bullish
EURUSD looks like it will fly up. USD data is negative so far.
  • #1,167,906
  • Apr 29, 2020 1:18pm Apr 29, 2020 1:18pm
Quoting PatienceFx
eu will fly for the rest of the week
Quoting 4experience
{quote} Absolutly, it is possible. We have a diamond on weekly chart and we may exit by the upside
1.10 by friday

compare fomc statement with last month's statement ; the writing is clear
  • #1,167,907
  • Apr 29, 2020 1:20pm Apr 29, 2020 1:20pm
Quoting Dingoman-two
{quote} There are a lot here that will help some of the time and then there some here that invest a lot of there time to help others, The real issue is that most here a FF are not worth other peoples time, and this comes about by the quality of the posts we all Share here, If its just dribble and crap all the time, then no one will waist there time with any of them, On the other hand if your posts are showing some improvement over time, then others will offer you some form of guidance. BUT IT ALL BOILS DOWN TO THE INDIVIDUAL'S POSTING AT THE TIME...

And here is one of many charts that i have shared over the years,

The one min chart

These are every were if you know how to find them, then trade/scalp them

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  • #1,167,908
  • Apr 29, 2020 1:25pm Apr 29, 2020 1:25pm
Quoting here2there
{quote} I am probably going to take some heat for this from my haters, but I usually don't use a stop loss. And if I do, it won't be tight. I would use the Average Daily Range as a guide. So if the Average Daily Range is 100 pips, for example, then I will have a stop loss of 100 pips. Please keep in mind that if I am in a trade and I can see clearly that it is going against my idea, then I will not wait for the stop loss to get hit. I will close the trade. However, if I see there is a high probability the draw drown will correct itself, then I may...
No stop loss sounds like an intense trading session lol , good to hear it works well with your system though. Thanks for clearing that up.
  • #1,167,909
  • Apr 29, 2020 1:27pm Apr 29, 2020 1:27pm
Quoting Dingoman-two
{quote} Yes i would agree, but there are those who go out of there way as well to help others, but there area others who's pride gets in there way, and they cannot learn anything at all, Then my view is you should not try and teach someone how to trade your way, because what works for you may not work for others, So if you wish to learn to trade then learn you own way, If you wish to teach, then show the way, as well as supplying the tools and web sites to help. IMHO Brian Dingoman-two
I see you have da vinci On your profile.
Good luck my friend am out, it seems this night is not my mine
99.9% persistence
  • #1,167,910
  • Apr 29, 2020 1:29pm Apr 29, 2020 1:29pm
The thread has been in fire today ! Congrat all
I keep my long overnight
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  • #1,167,911
  • Apr 29, 2020 1:31pm Apr 29, 2020 1:31pm
Quoting zuluremys
{quote} I see you have da vinci On your profile. Good luck my friend am out, it seems this night is not my mine

Good night my friend,

But please do not ever give up trading, even if it is with 0.01 of a contract, it would be a shame to loose all that you have learnt,

sleep well
  • #1,167,912
  • Apr 29, 2020 1:36pm Apr 29, 2020 1:36pm
Above 1,0883 to free the bulls in my book
COT: The precious data ignored
  • #1,167,913
  • Apr 29, 2020 1:45pm Apr 29, 2020 1:45pm
890 resistance
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  • #1,167,914
  • Apr 29, 2020 1:52pm Apr 29, 2020 1:52pm
So EUR bullish and US bearish.
  • #1,167,915
  • Apr 29, 2020 2:02pm Apr 29, 2020 2:02pm
I wanted to start my own journal but I ma a junior member, so I'll post here. This is how I have analysed the daily chart. I was long on the recent pin, closed it for a small profit, then went long again. Any comments welcome. Rob
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  • #1,167,916
  • Apr 29, 2020 2:04pm Apr 29, 2020 2:04pm
Quoting Londonboy24
{quote} No stop loss sounds like an intense trading session lol , good to hear it works well with your system though. Thanks for clearing that up.
Not if you manage your usage of leverage responsibly, use higher time frames such as the previous Weekly candle for direction, the Daily for trading signals, and the 4HR or 1HR for entry. It's not perfect, but it's not as stressful as it sounds.
Learn from your mistakes and march on.
  • #1,167,917
  • Apr 29, 2020 2:05pm Apr 29, 2020 2:05pm
Quoting Techanalyst
So EUR bullish and US bearish.
It looks that way for now. The market has been all over the place today.
Learn from your mistakes and march on.
  • #1,167,918
  • Apr 29, 2020 2:37pm Apr 29, 2020 2:37pm
Quoting here2there
{quote} It looks that way for now. The market has been all over the place today.
The market did a pathethic 45 pip range during London/NY session.
  • #1,167,919
  • Apr 29, 2020 2:44pm Apr 29, 2020 2:44pm
Quoting here2there
{quote} Not if you manage your usage of leverage responsibly, use higher time frames such as the previotryingus Weekly candle for direction, the Daily for trading signals, and the 4HR or 1HR for entry. It's not perfect, but it's not as stressful as it sounds.

Never used stops never will, HOWEVER, IMO this approach requires a well capitalized account that can tolerate deep drawdowns. I see all of these posts with guys / gals trying to run tight stops and hope the market takes off in whatever direction they've chosen. More often than not, just a little volitility stops them out at a loss - even if they were actually right about the market's short term direction. One has to have many "winners" to offset even a few "losers" using this approach I think.

Better, again IMO, to trade broad ranges, like on the daily or weekly chart. As price nears the top of range go short - hard. As price nears bottom take profit and go long - hard. You're not going to get it perfect, but, over time and with a properly capitalized account for the times you "miss" you'll do far better.

Not blowing it out my tail. Started with $10k in October of '18. Using this strategy bought 2 lots Eur/usd - never traded anything but eur/usd. Account grew to $20k. Entered for 4 lots (can't recall which direction) Account grew to $30k. Entered for 6 lots,etc. (2 lots for every 10k is my formula).

"Suffered" some very deep drawdowns along the way - which is why you've got to be heavily capitalized relative to the number of lots you're trading, but it's always come back + more. Long ago, took my original $10k off the table + a little for my time and trouble. Account balance as I write this almost $85k.

I realize this is a neanderthal approach and is not nearly as entertaining as chasing butterfly wing, inverted turtles, and flying goatsheads patterns. Not does it invoke complex statistical analysis.

All it does is work.

Very worst that can happen is we get a major breakout and I get margin called. Oh well, all house money at this point. So, stressful? Not even a tiny bit.
  • #1,167,920
  • Apr 29, 2020 2:47pm Apr 29, 2020 2:47pm
Hello everyone how are you guys ?
Master your mind. Master Trading.
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