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  • #1,185,221
  • Sep 25, 2020 10:50am Sep 25, 2020 10:50am
Quoting Dzap
{quote} :/// can you survive a few more hours?
Do you mind explaining your thoughts on your this long position..

I have been watching your TE
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  • #1,185,222
  • Sep 25, 2020 10:52am Sep 25, 2020 10:52am
Quoting mistaouting
{quote} Do you mind explaining your thoughts on your this long position.. I have been watching your TE
I am in the process of positioning myself for next week.

Losses are all open positions and I am not worried because my equity right now at a dip is higher than the last peaks

My "stoploss" is closing open positions after the 7th day. I find they tend to expire due to fees after that point

Cheers
its just a script. join the club
  • #1,185,223
  • Sep 25, 2020 10:57am Sep 25, 2020 10:57am
Quoting Dzap
{quote} I am in the process of positioning myself for next week. Losses are all open positions and I am not worried because my equity right now at a dip is higher than the last peaks Cheers
you seem like another user on the forum...

Not asking to offend FYI.

what happend...
I will only place a trade if a setup is confirmed by an entry
I will only close a trade if a reversal is confirmed by an exit
I will not place or close a trade for any other reason
I will have a plan of action to protect my trade and minimize losses
I will not leave any trade unattended
I will only trade one pair at a time
I do not care about pips
I value consistent gains of any amount

EDIT: was wondering if you let emotion or not wanting to close a loss make you continue to add to position...
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  • #1,185,224
  • Sep 25, 2020 10:58am Sep 25, 2020 10:58am
Well I was hoping for a long bounce today, looks like it won't happen now, or it will be extremely weak
  • #1,185,225
  • Sep 25, 2020 11:06am Sep 25, 2020 11:06am
Quoting coolhand
Well I was hoping for a long bounce today, looks like it won't happen now, or it will be extremely weak
agreed

holding a long right now. 1.1640 all I want.
  • #1,185,226
  • Sep 25, 2020 11:06am Sep 25, 2020 11:06am
Quoting mistaouting
{quote} you seem like another user on the forum... Not asking to offend FYI. what happend... I will only place a trade if a setup is confirmed by an entry I will only close a trade if a reversal is confirmed by an exit I will not place or close a trade for any other reason I will have a plan of action to protect my trade and minimize losses I will not leave any trade unattended I will only trade one pair at a time I do not care about pips I value consistent gains of any amount EDIT: was wondering if you let emotion or not wanting to close a loss...
Those are the rules I posted in my thread last spring for ranged based scalps.

TE is automated. I only follow the system. My system is not based on FF wishwash lmao
its just a script. join the club
  • #1,185,227
  • Sep 25, 2020 11:08am Sep 25, 2020 11:08am
Quoting RideTheWave
{quote} agreed holding a long right now. 1.1640 all I want.
i wanted to see a weekly close no lower than 1.164 i still have few hours of hope
  • #1,185,228
  • Sep 25, 2020 11:13am Sep 25, 2020 11:13am
Quoting Techanalyst
Positions so far... DXY monthly looks like turning bullish. {image} {image}
So far all in profit.
  • #1,185,229
  • Sep 25, 2020 11:14am Sep 25, 2020 11:14am
Shorted $JY on this top now and small buying in E.1.1620............ [I am not saying it cannot go lower...]

  • #1,185,230
  • Sep 25, 2020 11:20am Sep 25, 2020 11:20am
Quoting Dzap
{quote} Those are the rules I posted in my thread last spring for ranged based scalps. TE is automated. I only follow the system. My system is not based on FF wishwash lmao
what do you mean by FF wishwash? what is that?

Consider this!
If you have a 60 pip difference in your entries...you entered to early

and would seem as though your trying to correct your mistake by adding to order to avg. that price in your favor....can work but can also be very costly. Ideally you want your largest order at the S in your case....
EUR/USD Sell 1.1621 1.1624 0:1 -0.0% -2

EUR/USD Buy 1.1681 1.1624 0:1 -0.0% -58

AND THIS IS IMHO

Still doing well, keep it up. Stick to your rules!

EDIT: obviously I have been watching...you never know who is watching!
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  • #1,185,231
  • Sep 25, 2020 11:25am Sep 25, 2020 11:25am
Nothing may come of it...BUT holding positions over the weekend could pay off big or be very costly. Know your risk!
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  • #1,185,232
  • Sep 25, 2020 11:28am Sep 25, 2020 11:28am
Quoting mistaouting
{quote} what do you mean by FF wishwash? what is that? Consider this! If you have a 60 pip difference in your entries...you entered to early and would seem as though your trying to correct your mistake by adding to order to avg. that price in your favor....can work but can also be very costly. Ideally you want your largest order at the S in your case.... EUR/USD Sell 1.1621 1.1624 0:1 -0.0% -2 EUR/USD Buy 1.1681 1.1624 0:1 -0.0% -58 AND THIS IS IMHO Still doing well, keep it up. Stick to your rules!
I understand not all of the entries are ideal, but I view positions in dynamic groups. The non ideal entries are hedged by other entries, both buys and sells. I accept my losses without question.

Considering trades staticly and viewing entries as right or wrong without the context of other trades is a no no in my book

I have placed over 1000trades on EU this month. I really care about a bigger picture
its just a script. join the club
  • #1,185,233
  • Sep 25, 2020 12:27pm Sep 25, 2020 12:27pm
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  • #1,185,234
  • Sep 25, 2020 12:46pm Sep 25, 2020 12:46pm
Quoting PatienceFx
{image}
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  • #1,185,235
  • Sep 25, 2020 12:50pm Sep 25, 2020 12:50pm
1508 next week possibility
PaRaM
  • #1,185,236
  • Sep 25, 2020 1:51pm Sep 25, 2020 1:51pm
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Take your pick
its just a script. join the club
  • #1,185,237
  • Sep 25, 2020 2:33pm Sep 25, 2020 2:33pm
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Only an idiot knows with certainty to where the market is going.
  • #1,185,238
  • Sep 25, 2020 2:56pm Sep 25, 2020 2:56pm
Will see what comes of the weekend...weak short term S&R of 1450 & 1672, will need to see market sentiment into next week. Seeing a bid in US equities so next week may prove to be somewhat bullish but also feel risk in US detached from what we are seeing in the EU. Would expect a pull back beyond 1672 only for a possible short entry. Would be concerned longs over weekend. Could be a news headline away from a nice loss. However could get a nice gap up also. I would lean towards shorts on that "gamble"

1440-1450 1660-1670

Need to see close and price action into next week along with upcoming news

Good luck!

EDIT: a eventful week of news coming
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  • #1,185,239
  • Sep 25, 2020 3:01pm Sep 25, 2020 3:01pm
Quoting bigiivan
{quote} I don't know how high it will goes after 1,1686 but main move is down (maybe next week)
Obviously I was wrong. I said 1,1686 but it reach only 1,1684.
Whatever! More opportunity next week!
  • #1,185,240
  • Sep 25, 2020 3:39pm Sep 25, 2020 3:39pm
Dxy great opportunity for a long term buy.
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