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The Swamp

  • #62,581
  • May 7, 2020 4:24am May 7, 2020 4:24am
Quoting swing 123
Seems some buyers here..GL
778 is the number..
  • #62,582
  • May 7, 2020 4:24am May 7, 2020 4:24am
Quoting DMA Trader
{quote} range is my worst nightmare. lol
most of the time its in a range of some size. 077x/8x has some support. My girl wanted me to break it. I had to wait till it was time.

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  • #62,583
  • May 7, 2020 4:27am May 7, 2020 4:27am
Quoting DMA Trader
{quote} the bigger the better ))
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  • #62,584
  • May 7, 2020 4:29am May 7, 2020 4:29am
Quoting gatorinla
{quote} most of the time, its in a range of some size.
US traders have too many disadvantage in trading... FIFO / trade different position size to avoid FIFO... I have to let it go a lot of good EAs...
  • #62,585
  • May 7, 2020 4:30am May 7, 2020 4:30am
Quoting keongzai94
{quote} With you on GU short. Will probably TP at pivot and see how the rest of the day plays out. {image}
Closed one of the two GU short for a good amount of profit, leaving one with SL at +20 pips, TP set at 1.2305. Meanwhile EU pending long at 7690, 7640 hoping for a bounce on the TL. Will monitor how the rest of the day goes.
  • #62,586
  • May 7, 2020 4:30am May 7, 2020 4:30am
IN
Have 1 more a little lower
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 6 KB
A good trader follows his rules, but great trader knows when to break them
  • #62,587
  • May 7, 2020 4:30am May 7, 2020 4:30am
Quoting gatorinla
{quote} most of the time its in a range of some size. 077x/8x has some support.
i know i just can't trade it .

like now. ok we have to go long. all tf are pointing downtrend

so i go long

1st scenario - price doesn't move. i pay swap
2nd scenario - price goes down break suport - big candle - i lose money - i can't get out, i can't short since i am biased and i will always see every 10 pip support
3rd - i don't short because i am long and i want to get out before. so i am loosing opportunities.
4th - i buy more because hey it has to turn ... i lose more
5 - price go up but i don't close it and PA goes back to lows - no i need to buy the range ago ? and 1-4 happens
6 - i buy prices go up i make 10 pips.
7 - i buy proces crash and come back in a month and close on -10. after 200 p drop

so 95% i will lose money. now to trade this range i need to put money for a 5% chance that it will go up and 1% chance i will close before going back to lows
i was not born to trade ranges .

Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #62,588
  • May 7, 2020 4:34am May 7, 2020 4:34am
Quoting DMA Trader
{quote} i know i just can't trade it . like now. ok we have to go long. all tf are pointing downtrend so i go long 1st scenario - price doesn't move. i pay swap 2nd scenario - price goes down break suport - big candle - i lose money - i can't get out, i can't short since i am biased and i will always see every 10 pip support 3rd - i don't short because i am long and i want to get out before. so i am loosing opportunities. 4th - i buy more because hey it has to turn ... i lose more 5 - price go up but i don't close it and PA goes back to lows - no...
Don't want to short here 0780s.. too close to day uptrend stop at 1.0770... I don't want to get trapped..
the same to Swiss as well... too close to day downtrend stop at 0.9773..
  • #62,589
  • May 7, 2020 4:36am May 7, 2020 4:36am
Quoting DMA Trader
{quote} i know i just can't trade it . like now. ok we have to go long. all tf are pointing downtrend so i go long 1st scenario - price doesn't move. i pay swap 2nd scenario - price goes down break suport - big candle - i lose money - i can't get out, i can't short since i am biased and i will always see every 10 pip support 3rd - i don't short because i am long and i want to get out before. so i am loosing opportunities. 4th - i buy more because hey it has to turn ... i lose more 5 - price go up but i don't close it and PA goes back to lows - no...
also i buy 790 and eur hit 780 so i lose my stop
i just can't - i tried before
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #62,590
  • May 7, 2020 4:37am May 7, 2020 4:37am
Quoting DMA Trader
{quote} i know i just can't trade it . like now. ok we have to go long. all tf are pointing downtrend so i go long 1st scenario - price doesn't move. i pay swap 2nd scenario - price goes down break suport - big candle - i lose money - i can't get out, i can't short since i am biased and i will always see every 10 pip support 3rd - i don't short because i am long and i want to get out before. so i am loosing opportunities. 4th - i buy more because hey it has to turn ... i lose more 5 - price go up but i don't close it and PA goes back to lows - no...
break it or, bottoms up..
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  • #62,591
  • May 7, 2020 4:37am May 7, 2020 4:37am
Quoting Boulder
{quote} Don't want to short here 0780s.. too close to day uptrend stop at 1.0770... I don't want to get trapped..
same thing. i am just going to wait after NFP i have no shorts left no longs.

but i do see some risk on markets. SPY, WTI. so it will probably help eur. i see GU back up
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #62,592
  • May 7, 2020 4:38am May 7, 2020 4:38am
Quoting swing 123
{quote} 778 is the number..
see you guys. GL.
  • #62,593
  • May 7, 2020 4:41am May 7, 2020 4:41am
Quoting DMA Trader
{quote} also i buy 790 and eur hit 780 so i lose my stop i just can't - i tried before
even if it breaks.. u need a day close below 693 and a week below 697 candle wise. that's 100 pips of possible wtf.. After that it still may test tl from below. It could do this months.. (summer range.) The 34 year tl at 1.14xx we tested it a few months back. half way is 1063ish
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  • #62,594
  • May 7, 2020 4:41am May 7, 2020 4:41am
I be the sacrifice lamb... EU short here 0790... will add,,,
seems bears may back to driver seat...
  • #62,595
  • May 7, 2020 4:47am May 7, 2020 4:47am
Quoting Boulder
I be the sacrifice lamb... EU short here 0790... will add,,, seems bears may back to driver seat...
i also got this - 1H chart
RSI divergence. some of the reasons i wanted do close the 790 short maybe also claims and NFP
Attached Image (click to enlarge)
Click to Enlarge Name: rsi.png Size: 55 KB
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #62,596
  • May 7, 2020 4:48am May 7, 2020 4:48am
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  • #62,597
  • May 7, 2020 4:55am May 7, 2020 4:55am
Quoting DMA Trader
{quote} i also got this - 1H chart RSI divergence. some of the reasons i wanted do close the 790 short maybe also claims and NFP {image}
EU shorts are part of my swiss balancing trade... I have 2/3 positions in Swiss shorts waiting to be cashed out... I have to mix some Eur trades so I wont be so tilted shorting the rising dollar...
Most of time, I have more EU shorts..I have been cashing out EU shorts last several days.. I need reload...
  • #62,598
  • May 7, 2020 4:57am May 7, 2020 4:57am
Long GU 1.236 TP 1.24 - Stop 1.234
trying to get the Oil momentum on a pair. afraid to short usd/cad
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #62,599
  • May 7, 2020 5:01am May 7, 2020 5:01am
EU added 1.08..
my next TP Eu 0790 or Swiss 9740.. lets see which gives me first...
  • #62,600
  • May 7, 2020 5:02am May 7, 2020 5:02am
Quoting Boulder
{quote} EU shorts are part of my swiss balancing trade... I have 2/3 positions in Swiss shorts waiting to be cashed out... I have to mix some Eur trades so I wont be so tilted shorting the rising dollar... Most of time, I have more EU shorts..I have been cashing out EU shorts last several days.. I need reload...
30 min 0807+ close may push it up some..
those who can, do. those who cant, talk about those who can
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