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  • #1,169,541
  • May 13, 2020 8:40am May 13, 2020 8:40am
Quoting here2there
{quote} It's not and hasn't been. People are apparently making money on lower time frames now, primarily the 1HR. Unfortunately, the days of sticking to the Daily chart and holding for hundreds of pips per trade appear to be over for now. People selling courses on trading the Daily might have to put a different package together, as the market of today doesn't appear to work well for that strategy anymore. Now it's mostly about getting in and out at 50 pips or less per trade.
That is what I am now doing... I lost so much money befor trying to trade on longer time frames; be paitent; checking charts every 15 minutes or an hour. It made for stressful trading for me. Since coming back to trading; I'm now a "scalper". I get in and out as fast as I can depending on the movement of the Eur/Usd durng the US open bell till noon time. Now I am actually making money!
My Future is so Bright I gotta wear Shades! https://www.youtube.com/watch?v
  • #1,169,542
  • May 13, 2020 8:43am May 13, 2020 8:43am
Well, what do you know! I was right again! Where are the lying mouthed haters who keep telling others I don't know what I am doing, and that I am a danger to noobs, and that I should keep silent?

See this post and compare!
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Instead of spitting on my ideas, these clowns who keep hating on me should be subscribed to my profile.
Learn from your mistakes and march on.
  • #1,169,543
  • May 13, 2020 8:43am May 13, 2020 8:43am
Sell position on EURUSD.

Buy positions on EURJPY.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 63 KB
Click to Enlarge Name: EURJPYH1.png Size: 59 KB
  • #1,169,544
  • Edited 9:30am May 13, 2020 8:49am | Edited 9:30am
Decided to short at 9:02 because of the divergence. Didn't have time to fill the usual TP nor SL.
Then I realized Powell was talking and decided to cover the short. It took me 4 attempts to get the order filled.
  • #1,169,545
  • May 13, 2020 8:49am May 13, 2020 8:49am
With my current short building, I think my broker frown at my account ..

I think we reversing today..
Let's not miss it..

If we actually hitting the top today Wednesday, then I think we going to have loads of movement on this pair before weekend ..
Should be interesting

StaySafe
  • #1,169,546
  • May 13, 2020 8:50am May 13, 2020 8:50am
If EU H1 close below 1.0860 I will go short ...
  • #1,169,547
  • May 13, 2020 8:50am May 13, 2020 8:50am
The monthly cycle has been interrupted by the coronavirus so it's not playing nice, the normal "sell in May" not in play at the moment. A bear flag on the 4hr chart tells me we may still see the May selling occur.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 69 KB


I am playing small off the 0830's, mostly shorts.

Got a nice short today on the 0900 when Powell spoke. .3 lots short at 1.0880
Ecclesiastes 1:9
  • #1,169,548
  • May 13, 2020 8:52am May 13, 2020 8:52am
Quoting Techanalyst
Sell position on EURUSD. Buy positions on EURJPY. {image} {image}
I've noticed that the COT report appears to work better for the retail trader when it comes to non-USD pairs. Have you also noticed this?
Learn from your mistakes and march on.
  • #1,169,549
  • May 13, 2020 8:54am May 13, 2020 8:54am
Quoting JayBag
With my current short building, I think my broker frown at my account .. I think we reversing today.. Let's not miss it.. If we actually hitting the top today Wednesday, then I think we going to have loads of movement on this pair before weekend .. Should be interesting StaySafe
You must be managing a very large account. I need one of those! Lol
Learn from your mistakes and march on.
  • #1,169,550
  • May 13, 2020 8:58am May 13, 2020 8:58am
Quoting newbegger
The monthly cycle has been interrupted by the coronavirus so it's not playing nice...
Exactly! And the weekly chart is a nightmare!
Learn from your mistakes and march on.
  • #1,169,551
  • May 13, 2020 9:03am May 13, 2020 9:03am
Quoting here2there
{quote} I've noticed that the COT report appears to work better for the retail trader when it comes to non-USD pairs. Have you also noticed this?
I see what you mean. If you take a look at GBP for May.5.2020, and go on gbpjpy let's say 4hr chart, you will see that it went down about 200 pips.
  • #1,169,552
  • May 13, 2020 9:04am May 13, 2020 9:04am
Quoting seincard
If EU H1 close below 1.0860 I will go short ...
sold @ 1.0860

sl above ~ 1.0880

tp ~ 1.0800
  • #1,169,553
  • May 13, 2020 9:06am May 13, 2020 9:06am
Quoting stjoeforex
{quote} That is what I am now doing... I lost so much money befor trying to trade on longer time frames; be paitent; checking charts every 15 minutes or an hour. It made for stressful trading for me. Since coming back to trading; I'm now a "scalper". I get in and out as fast as I can depending on the movement of the Eur/Usd durng the US open bell till noon time. Now I am actually making money!
Scalping seems more stressful, in my opinion. But some people are better at it than others. Seems you found your way with it!

I would normally focus on the Daily, but due to the global crisis we are in, I really can't do that anymore. Unfortunately, now it is more screen time.
Learn from your mistakes and march on.
  • #1,169,554
  • May 13, 2020 9:09am May 13, 2020 9:09am
Quoting Techanalyst
{quote} I see what you mean. If you take a look at GBP for May.5.2020, and go on gbpjpy let's say 4hr chart, you will see that it went down about 200 pips.
Very interesting! And check out EURGBP using COT.
Learn from your mistakes and march on.
  • #1,169,555
  • May 13, 2020 9:10am May 13, 2020 9:10am
Quoting here2there
{quote} You must be managing a very large account. I need one of those! Lol
Just a reasonable size H2T..
i get more free margin with other pairs in profits..

Bottom line, MM still my best bet

StaySafe
  • #1,169,556
  • May 13, 2020 9:16am May 13, 2020 9:16am
Quoting JayBag
{quote} Just a reasonable size H2T.. i get more free margin with other pairs in profits.. Bottom line, MM still my best bet StaySafe
Not sure what you mean by H2T. I am assuming MM stands for Money Management.
Learn from your mistakes and march on.
  • #1,169,557
  • May 13, 2020 9:18am May 13, 2020 9:18am
Quoting here2there
{quote} Not sure what you mean by H2T. I am assuming MM stands for Money Management.
Here 2 There!
Oh yes that’s correct

SS
  • #1,169,558
  • May 13, 2020 9:19am May 13, 2020 9:19am
to meet it makes sense fundamentally why the eruo would go down...but my charts tells me its going up....WATCH OUT BEARS tread carefully
LOCK IN RE-ENTER
  • #1,169,559
  • May 13, 2020 9:24am May 13, 2020 9:24am
Quoting JayBag
{quote} Here 2 There! Oh yes that’s correct SS
hahaha, I didn't realize you were using H2T as a reference to me. I thought it was some special trading code. Lol

Maybe I need a second cup of coffee!
Learn from your mistakes and march on.
  • #1,169,560
  • May 13, 2020 9:24am May 13, 2020 9:24am
EURGBP resistance broken. I have buy position. Will keep a look on it, to see if it is going to get to where I placed my TP. If it does not get there, I will close the profit manually.
Attached Image (click to enlarge)
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