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MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

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Quoting VuLe
Looking to buy uc 1.5 lot... this news dont seem to run usually. News is still news. entering long 1min before gdp. Wish me luck boys! sl is 15pip
0 run for uc. Just holding the negative spread atm at 1.3686.

3800 anyone??
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Trade what you see, take what the market gives you.
Quoting mistaouting
{quote} surely seems like it wants to go down....but I will wait on a pull back for short EDIT: my initial short target was 1150...but I went ahead a TP ill chase that 1150 on another position
I'm looking for rejection off my VWAP line to short.

I will wait patiently before entering again
You can lead a horse to water, but you can't make it drink
Quoting VuLe
{quote} yeah but you see how quickly it rejects at 1.1205... lol that means 0 sign for bulls.. even if it crosses 1.1205 break 5m.. I usually dont consider new trend unless 4hr is broken. Inehich I should last night. The fact that new day closed above 1.1237 (at 1.1240) was a sign for me. But the next two 4h candle draws out the bollinger band to be at 1.1233 in which my sl should be 1.1220. Instead I try to play it long term and try to throw in another buy at 1.1206... big mistake.
I have been trying to get a understanding of your style of trading and lingo because you kindly share so much. Thats why i was asking you those questions the other day.

So you agree its bearish because even if it pulls back on the 5m (I think into the 4h by Asian session) you want consider it bullish until it shows on the 4h? If that is the case why are you looking for long positions?
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Quoting xkwisit2001
{quote} I'm looking for rejection off my VWAP line to short. I will wait patiently before entering again
how often do you use vwap or how much of role does it play in your trading?
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Quoting mistaouting
{quote} I have been trying to get a understanding of your style of trading and lingo because you kindly share so much. Thats why i was asking you those questions the other day. So you agree its bearish because even if it pulls back on the 5m (think into the 4h by Asian session) you want consider it bullish until it shows on the 4h? If that is the case why are you looking for long positions?
I think there is a misunderstanding. So yesterday when new candle form. It was above the mark I set it 1.1237.... So i still consider it to he bullish. But since its asian session, I dont expect it to run upside yet. As to that, there may be an extension down inwhich If there is. I’d question where too?
we have opening gaps/supports
1.1215-1.1223
1.1200
1.1190

I also did share a bear entry if anyone was to be on bear side it would reject on the 1hr 1.1249 (it went as high as 1.1252).

it is because I put so much faith on the bounce around 1.1200 zone that I did not pay attention to the 4h candle bollinger band. Here is a picture as to why my sl should have been somewhere at 1.1225 if I fully just apply bollingerband strategy without any support levels
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Trade what you see, take what the market gives you.
Quoting mistaouting
{quote} how often do you use vwap or how much of role does it play in your trading?
I've recently added it to my charts as a mean to replace my moving averages.

Its extremely powerful because it is a volume weighted average price. It doesn't change its location on the chart. It only works intraday.

In bearish market it'll be sloped down so you basically want to wait for a rejection from it before you sell.

You basically let it break and retest before taking trade in the VWAP direction.

If direction is clear then you look to trade off the rejection or as market gets near.

Not sure if you know much about it but it's great because that's where big money tends to get in.

So with the chart below: If price is below VWAP line & 200EMA then you want to be selling
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You can lead a horse to water, but you can't make it drink
Currently I am seeing bear trend coming in. “ONLY” because weekly is showing a red tail.
And this 4h candle has to hold as wel as how the next 4h candle develop.
I will enter the market When I see the next 4h candle.


edit* trying a sell here 1 lot. 1.1208 sl would be 1.1235 just a bit above the 1h and 4h lvl.
if it does bounce here then we wont be going anywhere until Thursday. I trust Techanalyst calls too. 1.1177 perhaps lower.
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Trade what you see, take what the market gives you.
Quoting VuLe
Currently I am seeing bear trend coming in. “ONLY” because weekly is showing a red tail. And this 4h candle has to hold as wel as how the next 4h candle develop. I will enter the market When I see the next 4h candle. edit* trying a sell here 1 lot. 1.1208 sl would be 1.1235 just a bit above the 1h and 4h lvl. if it does bounce here then we wont be going anywhere until Thursday. I trust Techanalyst calls too. 1.1177 perhaps lower. {image} {image}
"Only"

Not because it just bounced off the top of the descending channel its has been in since 6/15

or that BIG A$$ bearish engulfing candle on the 4h

jk

Quoting VuLe
Currently I am seeing bear trend coming in. “ONLY” because weekly is showing a red tail. And this 4h candle has to hold as wel as how the next 4h candle develop. I will enter the market When I see the next 4h candle. edit* trying a sell here 1 lot. 1.1208 sl would be 1.1235 just a bit above the 1h and 4h lvl. if it does bounce here then we wont be going anywhere until Thursday. I trust Techanalyst calls too. 1.1177 perhaps lower. {image} {image}
don't get whipsawed...Im still waiting myself
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Quoting mistaouting
{quote} how often do you use vwap or how much of role does it play in your trading?

To answer your question properly, because the 4HR chart is officially crossing my MACD to indicate SELL I am waiting for the pair to restest the 1.1230 area. This means price will cross VWAP.

I will then look to sell once price is back below VWAP.

I will then use VWAP to add new entries as its the area the market is highly likely to bounce off due to it being volume weighted.

Hope that makes sense lol
You can lead a horse to water, but you can't make it drink
Quoting mistaouting
{quote} "Only" Not because it just bounced off the top of the descending channel its has been in since 6/15 or that BIG A$$ bearish engulfing candle on the 4h jk {quote} don't get whipsawed...Im still waiting myself
LOL!! That toooooo.. but this 1.1190 is holding well.. powell will do its job... either we breaking it. Or retesting top. See you in 3hrs if I am not knocked out.



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Trade what you see, take what the market gives you.
Time to reshort (scalp) the pair.

Aiming for 10800
Risk Management is of utmost importance!
Quoting xkwisit2001
{quote} To answer your question properly, because the 4HR chart is officially crossing my MACD to indicate SELL I am waiting for the pair to restest the 1.1230 area. This means price will cross VWAP. I will then look to sell once price is back below VWAP. I will then use VWAP to add new entries as its the area the market is highly likely to bounce off due to it being volume weighted. Hope that makes sense lol
I thought volume is local to the brokers or dealers....so would that mean the only volume calculated are orders done through your broker?
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Quoting mistaouting
{quote} "Only" Not because it just bounced off the top of the descending channel its has been in since 6/15 or that BIG A$$ bearish engulfing candle on the 4h jk {quote} don't get whipsawed...Im still waiting myself
I am really not grasping this chart. ZzZZ I am not confident in my read anymore. I do see you guys have similar levels 1.1230 short ideal. But I am a sheep right now. The 1.1208 short entry is so bad that Ima take another loss -11pips 1.1219.... You guys trade safe. I am to scared of spikes atm.

this leaves me at -900 for the day... and only +250 for since monday :/

250 is not a lot btw. On A 4 lot trade... that is 6pips only.

”pain town”
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Trade what you see, take what the market gives you.
Quoting mistaouting
{quote} I thought volume is local to the brokers or dealers....so would that mean the only volume calculated are orders done through your broker?

Thats true yes, however it is very close with most brokers as they will pump/dump in the area where 70% of volume is being traded

Might be off by 1 or 2 pips.

I use pepper stone & I.G.

I.G. shows it at 1.12185 and pepper stone is at 1.12179
You can lead a horse to water, but you can't make it drink
Stoped on my shorts....at loss of course......News in USA in 5 and 20 min. ....I consider longs with SL at 1.1190
Quoting VuLe
{quote} I am really not grasping this chart. ZzZZ I am not confident in my read anymore. I do see you guys have similar levels 1.1230 short ideal. But I am a sheep right now. The 1.1208 short entry is so bad that Ima take another loss -11pips 1.1219.... You guys trade safe. I am to scared of spikes atm. this leaves me at -900 for the day... and only +250 for since monday :/
Like I said don't get whipsawed...probably happing to a lot of traders right now.

No trading strategy is 100%! Study & refine! Sure you will get it back soon!
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Quoting mistaouting
{quote} Like I said don't get whipsawed...probably happing to a lot of traders right now. No trading strategy is 100%! Study & refine! Sure you will get it back soon!
thanks for the pep talk. Do not want to start going negative. I will cheer for you guys on sideline. Going to workout now since I was stuck on the market all morning. Need to find a way to distract myself from trying to enter the market.
Trade what you see, take what the market gives you.
Just added to my losing long position.......I still think we are heading northward so dollar cost averaging on this dip seemed prudent but if it goes too far south I'll get stopped. I set wide stops so it will have to dive big to hit my SL.
Quoting xkwisit2001
{quote} To answer your question properly, because the 4HR chart is officially crossing my MACD to indicate SELL I am waiting for the pair to restest the 1.1230 area. This means price will cross VWAP. I will then look to sell once price is back below VWAP. I will then use VWAP to add new entries as its the area the market is highly likely to bounce off due to it being volume weighted. Hope that makes sense lol
Perfecto!

1.1230 exact
You can lead a horse to water, but you can't make it drink
Quoting xkwisit2001
{quote} Perfecto! 1.1230 exact
I just cant... freaken hate myself. Not confident to sell. Props to you man! Make that money!!!!!!! Im still sideline punching myself missing out...
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Trade what you see, take what the market gives you.
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