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EURUSD

  • #1,171,441
  • Jun 2, 2020 11:27am Jun 2, 2020 11:27am
Quoting here2there
Despite all the rioting and chaos, USD is starting to look like it might turn around soon, whether it be temporary or a trend reversal, I don't know. But price has already penetrated a strong area of resistance on EURUSD. Trading at such levels is risky. I'm going to sit this one out.
Fortunately for you,. You found out on time..
I already placed mines hours ago, and its going terribly against me..
I'll halt all EURUSD trades till further notice..
  • #1,171,442
  • Jun 2, 2020 11:32am Jun 2, 2020 11:32am
Quoting SilentFather
...I don't actually like the EURUSD much now...{image}
I feel the same way.
Learn from your mistakes and march on.
  • #1,171,443
  • Jun 2, 2020 11:47am Jun 2, 2020 11:47am
The market is actually going very risky. Even though the news are coming in favor the oppsit movement is happening all the time. Mine is too late to not to start a trade.
  • #1,171,444
  • Jun 2, 2020 12:02pm Jun 2, 2020 12:02pm
I closed all long positions for aud and eur 2 hours ago very good day today compared to yesterday will sit and wait for now big news tomorrow guys!
Master your mind. Master Trading.
  • #1,171,445
  • Jun 2, 2020 12:06pm Jun 2, 2020 12:06pm
Trying for a correction on usdcad. 1:1 ab=cd. Low risk.

usdcad 1hr
Attached Image (click to enlarge)
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As the lights go by so too do the shadows move
  • #1,171,446
  • Jun 2, 2020 12:09pm Jun 2, 2020 12:09pm
Quoting here2there
{quote} I feel the same way.
Yup, it is like a casino rn. :/

SF
  • #1,171,447
  • Jun 2, 2020 12:29pm Jun 2, 2020 12:29pm
Many of you here don’t like EU because you guys keep expecting a retracement. Just remember, eu finally just broke out of trend last Thursday.
it is on a current trend, dont just watch it pull back 5/10pip and assume it is going down. Look at your weekly candle and you can see a full upside, then look at your daily and know that it is an upside as well. then you can actually see that there is littLe to no chance for retracement. Which will allow you to Change your perspective into looking for a buy dip rather than a sell.

dont be a sheep and buy/sell. Choose 1 side.
Attached Image (click to enlarge)
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Trade what you see, take what the market gives you.
  • #1,171,448
  • Jun 2, 2020 12:40pm Jun 2, 2020 12:40pm
Quoting VuLe
Many of you here don’t like EU because you guys keep expecting a retracement. Just remember, eu finally just broke out of trend last Thursday. it is on a current trend, dont just watch it pull back 5/10pip and assume it is going down. Look at your weekly candle and you can see a full upside, then look at your daily and know that it is an upside as well. then you can actually see that there is littLe to no chance for retracement. Which will allow you to Change your perspective into looking for a buy dip rather than a sell. dont be a sheep and buy/sell....
I don't want sell. I want retracement down So I can buy. As said before, I don't like drawdown, my system should avoid it. That's why I don't trade now. I don't see entry. That's all. Just to clarify.

But I got your point, no problem with that my friend.

I have 50 USD acc now, just to show people here what You can achieve with leverage and small account. It's just a little test. So You know why I don't open anything right now. I can't just open buy with SL 50 pips and go away. People said DD is not possible to avoid, I will show it is wrong.

SF
  • #1,171,449
  • Jun 2, 2020 12:42pm Jun 2, 2020 12:42pm
1,11835 my bull/bear line for this week

Lets see how it behave
COT: The precious data ignored
  • #1,171,450
  • Jun 2, 2020 12:45pm Jun 2, 2020 12:45pm
Watch out growing volume up there

Attached Image (click to enlarge)
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COT: The precious data ignored
  • #1,171,451
  • Jun 2, 2020 1:21pm Jun 2, 2020 1:21pm
I really can't understand why some of you are having a hard time analyzing direction of the market. What is going on in the US is not a regular news. It is out of control destabilization not only against the government but economy. If you simply go long since it started, you would have been up several hundreds of pips by now. I know most of you are TA, but is it that TI follows PA? Best trading to do is day trade the bull and scalp the bear. If yiu don't want to scalp, just keep your long untill this destabilization is under control.

FYI, Trump threatened Governors who fails to take control over their respective communities that he will take over with militaries and handle it himself.... sounds like a Martial Law is coming. Trade wisely fellas!
Only an idiot knows with certainty to where the market is going.
  • #1,171,452
  • Jun 2, 2020 1:36pm Jun 2, 2020 1:36pm
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Attached Image (click to enlarge)
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yes yes yes
  • #1,171,453
  • Jun 2, 2020 2:04pm Jun 2, 2020 2:04pm
Quoting Izeey007
EURUSD is the most fucked up pair today! .. I need help o.. GBPJPY the other hand has been splendid today for me. .
It's been messed up for quite some time now. The weekly chart is a mess.
Learn from your mistakes and march on.
  • #1,171,454
  • Jun 2, 2020 2:10pm Jun 2, 2020 2:10pm
Quoting SilentFather
{quote} ...So You know why I don't open anything right now. I can't just open buy with SL 50 pips and go away. People said DD is not possible to avoid, I will show it is wrong. SF
Please start a new thread and demonstrate this for us. I could even start a new thread for you in the journals section if you would like. I am interested in seeing how you are able to avoid DD.
Learn from your mistakes and march on.
  • #1,171,455
  • Jun 2, 2020 2:57pm Jun 2, 2020 2:57pm
Quoting SilentFather
{quote} Yup, it is like a casino rn. :/ SF
And the casino wins most of the time.

  • #1,171,456
  • Jun 2, 2020 3:24pm Jun 2, 2020 3:24pm
Don’t be foolish. There is no system that can guarantee you 2 pips maximum DD. If he has one, it means he is good in picking tops and bottoms. Then again I am curious how many times he got stopped out using a tight stop. With a 50 dollar account and big leverage, he is forced to use a tight stop.

Calculate your own chances of picking a precise top or bottom. I seldom got one.
  • #1,171,457
  • Jun 2, 2020 3:41pm Jun 2, 2020 3:41pm
Trade the HTFs direction until the short term price action/momentum is negative; that is, if you are a day trader.

KP

Quoting VuLe
.....Look at your weekly candle and you can see a full upside, then look at your daily and know that it is an upside as well.... {image}
Do your homework, follow the footprints of smart money
  • #1,171,458
  • Jun 2, 2020 4:24pm Jun 2, 2020 4:24pm
Of course, the short term price action/momentum refers to that on your trading or entry time frame.

KP

Quoting KeenPips
Trade the HTFs direction until the short term price action/momentum is negative; that is, if you are a day trader. KP {quote}
Do your homework, follow the footprints of smart money
  • #1,171,459
  • Jun 2, 2020 4:41pm Jun 2, 2020 4:41pm
Quoting MrBullBear
{quote} Exactly the point. So, don't say scalping will only result to blown account. Cause some can do. Cheers!
Loool..still whatever they do..on long term(if they reach that far) their accounts will blow
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #1,171,460
  • Jun 2, 2020 4:52pm Jun 2, 2020 4:52pm
Quoting KeenPips
Of course, the short term price action/momentum refers to that on your trading or entry time frame. KP {quote}
find scalping lower time frames 1-5 min and only for about 10 pips with tp as one of the easier way to trade. There are many tactics, i find simple PA trends and counter trends on spikes to work well. However nothing for the faint hearted... long hours and stress environment, often end upp with chart 24/7 after working hours, and sometimes bad night of sleep to trade news on asian markets...
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