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EURUSD

  • #1,181,261
  • Aug 28, 2020 10:10am Aug 28, 2020 10:10am
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  • #1,181,262
  • Aug 28, 2020 10:12am Aug 28, 2020 10:12am
Quoting Js3mwtRc
EURUSD is targeting 1.1900 - daily resistance, but it had build enough momentum so it may move forward and take out 1.1930 too. Supports are at 1845-50 and 1810. A break should give us the yesterday low prices again. That's a quick plan, it changes in the day, I add more observations and I may buy/sell or, stay out depending on volatility, news and price action. I spend many hours watching charts and when I have time I can drop by and share, or make fun. Thanks for reading, have a great trading ahead, watch it is Friday and last week of the Month...
1.1930 is out of the picture for me, the market is closing, I will better buy on Monday again.

I didn't see 1845-50, but 1860 was a good place for buys this morning (LO) and 1915 wasn't bad for selling either.



I wish you all a great weekend, green pips.
Looking for profitable short term trades ...|
  • #1,181,263
  • Aug 28, 2020 10:15am Aug 28, 2020 10:15am
Quoting here2there
{quote} Keep talking loser.
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  • #1,181,264
  • Aug 28, 2020 10:16am Aug 28, 2020 10:16am
Quoting here2there
{quote} Dude, I would wreck you in the gym. You wouldn't be able to keep up. Don't flatter yourself. By the way, you need to work on those legs.
You can't even wreck an eggshell.
  • #1,181,265
  • Aug 28, 2020 10:50am Aug 28, 2020 10:50am
Quoting MrBullBear
Now scalping the bear {image}
Currently fckd up. Am not gonna flip this time. I will keep it running.
Only an idiot knows with certainty to where the market is going.
  • #1,181,266
  • Aug 28, 2020 11:49am Aug 28, 2020 11:49am
All thanks to Vule BullBear and PatienceFx
This week was very nice
Special Thanks to Vule for his perfect prediction.
Yesterday and today not much trades all exit at BE
Attached Image
PaRaM
  • #1,181,267
  • Aug 28, 2020 11:59am Aug 28, 2020 11:59am
Quoting MrBullBear
{quote} Currently fckd up. Am not gonna flip this time. I will keep it running.
if any “sense” it should catch on some action downwards...
  • #1,181,268
  • Aug 28, 2020 12:06pm Aug 28, 2020 12:06pm
Quoting MrBullBear
Now scalping the bear {image}
What are this averages on your chart?
PaRaM
  • #1,181,269
  • Aug 28, 2020 12:06pm Aug 28, 2020 12:06pm
Quoting krst8
{quote} if any “sense” it should catch on some action downwards...
Sorry, I don't trust "sense" in trading. I'm just a PA follower.
Only an idiot knows with certainty to where the market is going.
  • #1,181,270
  • Aug 28, 2020 12:08pm Aug 28, 2020 12:08pm
Quoting pgidia
{quote} What are this averages on your chart?
40, 100, 200. All Exponential.
Only an idiot knows with certainty to where the market is going.
  • #1,181,271
  • Aug 28, 2020 12:12pm Aug 28, 2020 12:12pm
Quoting MrBullBear
{quote} 40, 100, 200. All Exponential.
Using them for cross over or support/resistance
PaRaM
  • #1,181,272
  • Aug 28, 2020 12:16pm Aug 28, 2020 12:16pm
Quoting pgidia
{quote} Using them for cross over or support/resistance
It is just a display in my chart so I wont have to scroll to the left to check history of PA. I don't use it as a signal.
Only an idiot knows with certainty to where the market is going.
  • #1,181,273
  • Aug 28, 2020 12:17pm Aug 28, 2020 12:17pm
Quoting krst8
{quote} if any “sense” it should catch on some action downwards...
Attached Image
Only an idiot knows with certainty to where the market is going.
  • #1,181,274
  • Aug 28, 2020 12:20pm Aug 28, 2020 12:20pm
(( Busy with customer all day... finally sat down and realize I was up 30pip in which i could have exited... ended up closing for 11pips only...
Attached Image (click to enlarge)
Click to Enlarge Name: 042197B8-32E8-4544-91CD-5F77749138B2.jpeg Size: 41 KB
Trade what you see, take what the market gives you.
  • #1,181,275
  • Aug 28, 2020 12:24pm Aug 28, 2020 12:24pm
Quoting VuLe
(( Busy with customer all day... finally sat down and realize I was up 30pip in which i could have exited... ended up closing for 11pips only... {image}
Still better close than making loss
PaRaM
  • #1,181,276
  • Aug 28, 2020 12:57pm Aug 28, 2020 12:57pm
Quoting MrBullBear
{quote} Currently fckd up. Am not gonna flip this time. I will keep it running.
Now that the market is with me, I added another one. The first 2 orders are secured with SL +6, +3, 1 still at risk. Will let it run till 15mins before the market close then I will go long just before the spread widens as market close. Cheers to all!
Attached Image (click to enlarge)
Click to Enlarge Name: 20200828_105042.jpg Size: 545 KB
Only an idiot knows with certainty to where the market is going.
  • #1,181,277
  • Aug 28, 2020 1:00pm Aug 28, 2020 1:00pm
Quoting MrBullBear
{quote} Now that the market is with me, I added another one. The first 2 orders are secured with +6, +3, 1 still at risk. Will let it run till 15mins before the market close then I will go long just before the spread widens as market close. Cheers to all! {image}
question, may i ask when adding to the position, how do you put your stops in? You put all in profits or counter the last one to brake even all initially?
  • #1,181,278
  • Aug 28, 2020 1:23pm Aug 28, 2020 1:23pm
Quoting krst8
{quote} question, may i ask when adding to the position, how do you put your stops in? You put all in profits or counter the last one to brake even all initially?
It is situational, depending on market condition/structure. There are times I am not confident entering, I use very small lots to test the water then add serious lots when it goes with me and add along the way with trailing SL. If it goes against me, that small lots won't hurt (and I can flip right away). When am confident, especially when picking tops and bottoms(flipping) i use big lots right away then keep adding with trailing SL for security. . Certain conditions, I don't use SL, some I use tight SL then trail. It is all situational.
Stop loss depends on how confident and how much you can afford to lose.
Only an idiot knows with certainty to where the market is going.
  • #1,181,279
  • Aug 28, 2020 1:36pm Aug 28, 2020 1:36pm
Quoting MrBullBear
{quote} It is situational, depending on market condition/structure. There are times I am not confident entering, I use very small lots to test the water then add serious lots when it goes with me and add along the way with trailing SL. If it goes against me, that small lots won't hurt (and I can flip right away). When am confident, especially when picking tops and bottoms(flipping) i use big lots right away then keep adding with trailing SL for security. . Certain conditions, I don't use SL, some I use tight SL then trail. It is all situational....

thanks. Ok, understand situational as always. My greatest weakness is scaling into losers and scaling out of winners. I still make profits but very poor overall. As you said, trade what you see and not what you belive... i see this little as one of the larger “nuts” to break in my trading, basically adding to winners and scaling out loosers.. so easy to say but stuck in a bad cycle...
  • #1,181,280
  • Aug 28, 2020 2:57pm Aug 28, 2020 2:57pm
Quoting krst8
{quote} thanks. Ok, understand situational as always. My greatest weakness is scaling into losers and scaling out of winners. I still make profits but very poor overall. As you said, trade what you see and not what you belive... i see this little as one of the larger “nuts” to break in my trading, basically adding to winners and scaling out loosers.. so easy to say but stuck in a bad cycle...
I run into this same situation so often too. For example, i'll think that the price is going up so i'll place a small buy. Then it will drop a bit and i'll think to myself "just coiling lower so it can blast up, i should buy more here"... drops further and i notice "hey look it's getting pretty close to this *random support level from random amount of time back*, i should buy more!

Then inevitably i get close to my SL and have to decide if i let it hit the SL and take a big loss, or move my SL further down below *Next random Support level*.

I fully know that everything about that is the incorrect way to trade, but it just seems like its alot easier said than done.

I think i should open a second account and then always place the first trade in both directions and then run with the one that is going in the right direction and close out the other.... does anyone else do that? could it work?
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