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EURUSD

  • #1,178,721
  • Aug 13, 2020 7:05pm Aug 13, 2020 7:05pm
Quoting MrBullBear
{quote} Be quick with your decision (only incase you are scalping). Look, i decided to TP and flip joining you riding the bear. We almost at the same level, but I got out quick and flip back to bull when It starts to continue to move up. Now I am in profit while you waiting if price will go back towards your direction or hit your SL. Incase it goes your direction, I will close mine with profit or BE and heads towards your direction. And if goes back, I will do the same over and over till the market get tired getting me off its tail. See, there's...
dang you must some good broker with 1pip spread or less... my broker be 1.5-2.5pip spread.. to expensive for me to switch in an out.
Trade what you see, take what the market gives you.
  • #1,178,722
  • Aug 13, 2020 7:13pm Aug 13, 2020 7:13pm
Quoting VuLe
{quote} dang you must some good broker with 1pip spread or less... my broker be 1.5-2.5pip spread.. to expensive for me to switch in an out.
You don't mind the spread when you are winning.
Only an idiot knows with certainty to where the market is going.
  • #1,178,723
  • Aug 13, 2020 7:15pm Aug 13, 2020 7:15pm
Quoting MrBullBear
{quote} Be quick with your decision (only incase you are scalping). Look, i decided to TP and flip joining you riding the bear. We almost at the same level, but I got out quick and flip back to bull when It starts to continue to move up. Now I am in profit while you waiting if price will go back towards your direction or hit your SL. Incase it goes your direction, I will close mine with profit or BE and heads towards your direction. And if goes back, I will do the same over and over till the market get tired getting me off its tail. See, there's...
I only went in with 0.10 lot...want worry about it...thought I would have been stopped out....went to eat came back and got a bearish engulfing candle on the 15m lets see if Sydney and Asia wants to play nice lol

It wouldn't make any sense to me that Sydney or Asia would come out buying....but who knows only a small risk to see where they go
LOCK IN RE-ENTER
  • #1,178,724
  • Aug 13, 2020 7:19pm Aug 13, 2020 7:19pm
Quoting mistaouting
{quote} I only went in with 0.10 lot...want worry about it...thought I would have been stopped out....went to eat came back and got a bearish engulfing candle on the 15m lets see if Sydney and Asia wants to play nice lol It wouldn't make any sense to me that Sydney or Asia would come out buying....but who knows only a small risk to see where they go
Out at BE. Market doesn't show any movement right now. I put up orders both direction. Whichever hits first will run.
Only an idiot knows with certainty to where the market is going.
  • #1,178,725
  • Aug 13, 2020 7:20pm Aug 13, 2020 7:20pm
...

EURUSD appears to have consolidated its advancements between 1.1695 and 1.1915, despite existing positive signals. In the meantime, the price is engaging the Ichimoku clouds upper band at 1.1842, while the 50-period simple moving average (SMA), the cloud and Ichimoku lines, sponsor a horizontal bias.

Nonetheless, the short-term oscillators and the bullish tone of the 50- and 100-period SMAs, promote further improvements. The strengthening MACD has risen above its red signal line and the zero mark, while the RSI is trying to gain ground in bullish territory. Additionally, the stochastic oscillator has climbed into the overbought zone, but has yet to signal signs of weakness.

If buyers manage to penetrate above the cloud at 1.1842, initial fortified resistance may develop from the section of recent peaks from 1.1893 to 1.1915. Defeating this key ceiling, the pair may run up to encounter another obstructing region of tops, from 1.1995 to 1.2008, stretching back to May 2018. If this zone around 1.2000 fails to halt the ascent, the pair may turn its focus to the 1.2054 barrier, identified in April of 2018.

Alternatively, if sellers cause a dip in the pair, early support may arise from the 50-period SMA - located at the floor of the cloud - standing at 1.1804 ahead of the 1.1777 low, where the Ichimoku lines reside. A leg lower, the price may rest at the 100-period SMA at 1.1751 prior to challenging the crucial region of troughs, from 1.1695 to 1.1720. Breaking under this foundation may send the euro towards the 1.1650 support, reaching back to September 2018, while further deterioration could extend to the 1.1580 low and the 200-period SMA at the 1.1540 mark.

Overall, the very-short-term picture is holding a neutral-to-bullish tone above 1.1695. A break either above 1.1915 or below 1.1695 could reinforce the next relevant course in the pair.
"No pain no gain"
  • #1,178,726
  • Aug 13, 2020 7:21pm Aug 13, 2020 7:21pm
Quoting MrBullBear
{quote} Out at BE. Market doesn't show any movement right now. I put up orders both direction. Whichever hits first will run.
I have been considering another account if it possible....but I know I could possibly hit buy and sell on the wrong one
LOCK IN RE-ENTER
  • #1,178,727
  • Aug 13, 2020 7:28pm Aug 13, 2020 7:28pm
Quoting mistaouting
{quote} I have been considering another account if it possible....but I know I could possibly hit buy and sell on the wrong one
It's a must having multiple account. Remember my post on fellow trader complaining about FIFO and anti hedging rules here in the US? I told him, only stupid traders are affected by such stupid rules?. Well, you know the loophole now.
Only an idiot knows with certainty to where the market is going.
  • #1,178,728
  • Aug 13, 2020 7:36pm Aug 13, 2020 7:36pm
Had shorted EU before previous NY session, now +35pips, and then busy with other things.

The secret of my success for this trade
FOMO: 50%
Luck: 50%
Detailed tech & fundamental analysis: 0% (LOL)

Attached Image
  • #1,178,729
  • Aug 13, 2020 8:09pm Aug 13, 2020 8:09pm
Quoting MrBullBear
{quote} It excites me when you are drunk. Words of wisdom always cimes out! Lol. Let's have a topic and throw it here when drunk enough. For learners knowledge and noob traders to know.. I am reading this topic over amd over again. Here it is... Is back testing a system, strategy, indicators a must do or useful in trading forex market? Answer that when ready and drunk. Everyone can join. Let's exchange opinion.
I am going to take a nap, BUT I will get to this one on a day I have a lot to drink. HOWEVER for all of you who do not know this little trick, if you want to practice and not cheat here is a great way to do it and sharpen your skills. Pull up any pair on a chart, select the time frame you like to use or strategy. GO back 2-3 weeks or whenever. NOW put your starting point on the RIGHT edge of the chart, hold down the Function key(Fn) and with your other hand press the F12 key. it advances one candlestick at a time. You are welcome. 1 more beer and nap time.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,178,730
  • Aug 13, 2020 8:36pm Aug 13, 2020 8:36pm
Quoting PatienceFx
{quote} {image}
First understand the difference between lagging and leading indicators

Above weekly pivot price is bullish , I will be looking for buying only
  • #1,178,731
  • Aug 13, 2020 8:39pm Aug 13, 2020 8:39pm
Quoting OhComeOn
{quote} I am going to take a nap, BUT I will get to this one on a day I have a lot to drink. HOWEVER for all of you who do not know this little trick, if you want to practice and not cheat here is a great way to do it and sharpen your skills. Pull up any pair on a chart, select the time frame you like to use or strategy. GO back 2-3 weeks or whenever. NOW put your starting point on the RIGHT edge of the chart, hold down the Function key(Fn) and with your other hand press the F12 key. it advances one candlestick at a time. You are welcome. 1 more...
Why learn from past wives
  • #1,178,732
  • Aug 13, 2020 8:43pm Aug 13, 2020 8:43pm
Quoting PatienceFx
{quote} First understand the difference between lagging and leading indicators Above weekly pivot price is bullish , I will be looking for buying only
That would be for week

And if Price below daily pivot then ??
PaRaM
  • #1,178,733
  • Aug 13, 2020 8:44pm Aug 13, 2020 8:44pm
In case any of you newer traders missed this in my last post.
Unbiased Trading Practice for you to improve and sharpen your skills for scalping, trend trading, wave trading, Supply & Demand, etc:
1) Pull up any pair on a chart
2) Select the time frame you want to use for your strategy
3) Move the chart back 3 weeks or more and place your starting point on the far right side of the chart on the edge
4) Hold down the Function key(Fn) and with the other hand press F12 key, this will advance the chart 1 candlestick at a time so you cannot cheat.

Now practice without any bias, hindsight, delays, frustration, etc. Try different strategies, indicators, etc. This is GREAT practice to perform over the weekend when market is closed.

Works on MT4, not sure about MT5.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,178,734
  • Aug 13, 2020 8:57pm Aug 13, 2020 8:57pm
Quoting PatienceFx
{quote} First understand the difference between lagging and leading indicators Above weekly pivot price is bullish , I will be looking for buying only


Hey brother,
could share pivot you use?
Thank you in advance for your generosity.
"No pain no gain"
  • #1,178,735
  • Aug 13, 2020 9:25pm Aug 13, 2020 9:25pm
Quoting PatienceFx
{quote} First understand the difference between lagging and leading indicators Above weekly pivot price is bullish , I will be looking for buying only
Buy order taken 1808
  • #1,178,736
  • Aug 13, 2020 9:27pm Aug 13, 2020 9:27pm
Quoting JBRolim
{quote} Hey brother, could share pivot you use? Thank you in advance for your generosity.
Attached Image (click to enlarge)
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  • #1,178,737
  • Aug 13, 2020 9:30pm Aug 13, 2020 9:30pm
I am on mobile and at 8am I have no intention to go on PC plus it is raining outside
  • #1,178,738
  • Aug 13, 2020 10:28pm Aug 13, 2020 10:28pm
Just got back and saw my bull and bear traps are not triggered. Not much volatility but my itchy little finger wants some action so, I pulled the buy button. Let's see..
Attached Image (click to enlarge)
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Only an idiot knows with certainty to where the market is going.
  • #1,178,739
  • Aug 13, 2020 10:53pm Aug 13, 2020 10:53pm
Quoting JBRolim
{quote} Hey brother, could share pivot you use? Thank you in advance for your generosity.
The most constructive and valuable thread on this site....for some of us at least.....Davit's Pivot Trading. Do a search on "Pivot Trading" Study it and see what works for you. Davit does not participate any longer due to whatever this site presents to make someone like that not bother anymore. What a surprise.

I use it and EMA's

ED I see this at best consolidating here but a drop seems the most likely outcome. I am still short from the blow off today. I doubt it will get there but I am hopeful for a trip to 1.14. Fundamentally no reason at all for the Euro to be this strong. None whatsoever. It lives now as the best of the shitty currencies within an economy of flop.

My bias makes it real hard to even think to be long ED ....costs me money sometimes.
  • #1,178,740
  • Aug 13, 2020 11:04pm Aug 13, 2020 11:04pm
trump is a total nutcase , who the hell made him president

https://www.facebook.com/NowThisPoli...5227802094731/
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