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  • #1,183,621
  • Sep 10, 2020 1:43pm Sep 10, 2020 1:43pm
Damn what a reversal! I was long 60k EUR this morning and was up nearly $700. Gave it all back practically. Took some off at top, but not enough..Still holding 30k longs with stop below 1.1800

Still bullish chart, likely will break 1.20 next week. Unless we violate 1.1700, this is a bullish consolidation before we move higher.

If 1.20 is broken out, we will likely see 1.2500, May 2018 levels would be next resistance.
  • #1,183,622
  • Sep 10, 2020 2:05pm Sep 10, 2020 2:05pm
Quoting Techanalyst
{quote} Yeahhhhh!!! Good job!!! Yeahhhhhh! Money in the bank!!!!!
Im gona break the bank tmr if it drops.. all I ask for is $30 drop.. and Ill make a couple grand and call it quits lol... Still holding on to eu... I hope this is the final big uptrend... let see what tomorrow brings.
Trade what you see, take what the market gives you.
  • #1,183,623
  • Sep 10, 2020 2:10pm Sep 10, 2020 2:10pm
Quoting weswes
Damn what a reversal! I was long 60k EUR this morning and was up nearly $700. Gave it all back practically. Took some off at top, but not enough..Still holding 30k longs with stop below 1.1800 Still bullish chart, likely will break 1.20 next week. Unless we violate 1.1700, this is a bullish consolidation before we move higher. If 1.20 is broken out, we will likely see 1.2500, May 2018 levels would be next resistance.
30k longs??and how much lots is that??
  • #1,183,624
  • Sep 10, 2020 2:15pm Sep 10, 2020 2:15pm
I can smell 1.179ish... maybe it going to be weekly close as long as today it closes below 1.185
  • #1,183,625
  • Sep 10, 2020 2:17pm Sep 10, 2020 2:17pm
Quoting pridolfx
{quote} 30k longs??and how much lots is that??
Um IKD, I guess 3 x 10k lots. 30k = $3 a pip.

My broker you can buy with a minimum of 1,000.
  • #1,183,626
  • Sep 10, 2020 2:17pm Sep 10, 2020 2:17pm
Quoting pridolfx
{quote} 30k longs??and how much lots is that??
wtf... im here scalping $ 1k a week people making 30k a trade ?... wtf am I doing wrong
  • #1,183,627
  • Sep 10, 2020 2:19pm Sep 10, 2020 2:19pm
Quoting weswes
{quote} Um IKD, I guess 3 x 10k lots. 30k = $3 a pip. My broker you can buy with a minimum of 1,000.
those are not lots...a lot is $10 per pip

sounds like your using mini lots 3 mini lots are $3 per pip
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  • #1,183,628
  • Sep 10, 2020 2:20pm Sep 10, 2020 2:20pm
Quoting VuLe
{quote} Im gona break the bank tmr if it drops.. all I ask for is $30 drop.. and Ill make a couple grand and call it quits lol... Still holding on to eu... I hope this is the final big uptrend... let see what tomorrow brings.

I guess they saying USD is recovering fast and doesnt need the stimulus pckage at all.
means no money to bail out stockmarket as wel. Guess two birds one stone.
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  • #1,183,629
  • Sep 10, 2020 2:21pm Sep 10, 2020 2:21pm
Quoting Lamira
{quote} wtf... im here scalping $ 1k a week people making 30k a trade ?... wtf am I doing wrong
maannnnnnn i know right....i think this person was confused is all...using the term lot...to describe 0.30 of a "lot" which is 30K but i guess its complicated
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  • #1,183,630
  • Sep 10, 2020 2:21pm Sep 10, 2020 2:21pm
Quoting mistaouting
{quote} those are not lots...a lot is $10 per pip sounds like your using mini lots 3 mini lots are $3 per pip
Gotcha - so 3/10th of a lot then. Not making $30k a trade. I was up $700 on 7/10ths of a lot ($7 a pip), but reversal hit.

I never said lot. I said 30k. I tend to think in those terms. You're telling me 1 lot = 100k EUR
  • #1,183,631
  • Sep 10, 2020 2:22pm Sep 10, 2020 2:22pm
Quoting weswes
{quote} Um IKD, I guess 3 x 10k lots. 30k = $3 a pip. My broker you can buy with a minimum of 1,000.
is it like a microlots or something? can someone educate me?

Quoting weswes
{quote} Gotcha - so 3/10th of a lot then. Not making $30k a trade. I was up $700 on 7/10ths of a lot ($7 a pip), but reversal hit.
oh thats make it clear... nevermind previous post
  • #1,183,632
  • Sep 10, 2020 2:23pm Sep 10, 2020 2:23pm
Quoting VuLe
{quote} I guess they saying USD is recovering fast and doesnt need the stimulus pckage at all. means no money to bail out stockmarket as wel. Guess two birds one stone. {image}
thats not what they are saying....they are saying who cares how americans are hurting and in need of it...our political points and making one party look bad is more important....

in no way is that that mean....and thats not why usd getting strong currently
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  • #1,183,633
  • Sep 10, 2020 2:24pm Sep 10, 2020 2:24pm
Quoting weswes
{quote} Gotcha - so 3/10th of a lot then. Not making $30k a trade. I was up $700 on 7/10ths of a lot ($7 a pip), but reversal hit. I never said lot. I said 30k. I tend to think in those terms. You're telling me 1 lot = 100k EUR
yes one "lot" is 100k of that currency

EDIT: and actually think its contracts and not the actually currency your trading...but not sure and don't really matter
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  • #1,183,634
  • Sep 10, 2020 2:26pm Sep 10, 2020 2:26pm
Quoting MrBullBear
{quote} We'll find that out in a few...
could this be floor now, sellers still there it seems...but kinda wanna TP now
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  • #1,183,635
  • Sep 10, 2020 2:28pm Sep 10, 2020 2:28pm
Quoting mistaouting
{quote} could this be floor now, sellers still there it seems...but kinda wanna TP now
I am the easiest trader to convince. But I let PA do the convincing.
Only an idiot knows with certainty to where the market is going.
  • #1,183,636
  • Sep 10, 2020 2:31pm Sep 10, 2020 2:31pm
Quoting mistaouting
{quote} could this be floor now, sellers still there it seems...but kinda wanna TP now
I'm gonna hold till see NY close then decide. 1.179ish my price eye magnet atm.
  • #1,183,637
  • Sep 10, 2020 2:32pm Sep 10, 2020 2:32pm
Quoting MrBullBear
{quote} I am the easiest trader to convince. But I let PA do the convincing.
yeah...i TP. dont know if i will go long yet...but feel like that was the floor until Asian
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  • #1,183,638
  • Sep 10, 2020 2:33pm Sep 10, 2020 2:33pm
Quoting Lamira
{quote} I'm gonna hold till see NY close then decide. 1.179ish my price eye magnet atm.
I was planning time off but had pending sell order @1.188
  • #1,183,639
  • Sep 10, 2020 2:38pm Sep 10, 2020 2:38pm
Quoting bigiivan
Looks like a little more pressure down and then we continue up again. Interesting! Earlier I expect a bigger down correction.
Ok. I think it is enough. Now it is time for up.
  • #1,183,640
  • Sep 10, 2020 2:42pm Sep 10, 2020 2:42pm
Quoting bigiivan
{quote} Ok. I think it is enough. Now it is time for up.
scalp into a nice run from here
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