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EURUSD

  • #1,185,661
  • Oct 2, 2020 10:04am Oct 2, 2020 10:04am
Quoting Erto
Can someone explain when are we expecting stimulus package to be dropped in the market?
senate counter offers 1.62trillion.. package wont pass this weekend.. stock will be bloody on monday... I am expecting them to compromise within a week or two and probably come to an agreement around 1.8-2trillion. I could be wrong. Its just a scenario
Trade what you see, take what the market gives you.
  • #1,185,662
  • Oct 2, 2020 11:02am Oct 2, 2020 11:02am
Now= 1.17 04 .... I ll be short selling at 1.1694-93 ON STOP ....

  • #1,185,663
  • Oct 2, 2020 11:04am Oct 2, 2020 11:04am
Quoting VuLe
{quote} senate counter offers 1.62trillion.. package wont pass this weekend.. stock will be bloody on monday... I am expecting them to compromise within a week or two and probably come to an agreement around 1.8-2trillion. I could be wrong. Its just a scenario
sounds like a nice scenario! Good thoughts! Only time will tell of course but good thoughts!
LOCK IN RE-ENTER
  • #1,185,664
  • Oct 2, 2020 3:02pm Oct 2, 2020 3:02pm
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  • #1,185,665
  • Oct 2, 2020 4:08pm Oct 2, 2020 4:08pm
Did you know the crypto market is open 24/7? It doesn't close like the Forex market and the Stock market. Just thought I would let you know that, because there is money to be made trading crypto currencies.
Learn from your mistakes and march on.
  • #1,185,666
  • Oct 2, 2020 4:25pm Oct 2, 2020 4:25pm
And this week comes to conclusion.
Stress free and easy going 1700pips

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its just a script. join the club
  • #1,185,667
  • Oct 2, 2020 4:39pm Oct 2, 2020 4:39pm
Quoting Dzap
And this week comes to conclusion. Stress free and easy going 1700pips {image}
Stress free. On demo, that is true. But when you go live, it's a whole new world. That's when fear and greed start getting in the way.
Learn from your mistakes and march on.
  • #1,185,668
  • Oct 2, 2020 4:46pm Oct 2, 2020 4:46pm
Quoting Techanalyst
https://www.youtube.com/watch?v=X1CwjQ7wqy4
I doubt this guy is a pro. I have never seen him share any trading ideas or live trades. And the thing that irritates me most about him is how he leads people to believe he has stumbled upon some great combination of indicators but won't share. I think it is more about making noise to attract views to his monetized videos.
Learn from your mistakes and march on.
  • #1,185,669
  • Oct 2, 2020 5:05pm Oct 2, 2020 5:05pm
Quoting here2there
{quote} Stress free. On demo, that is true. But when you go live, it's a whole new world. That's when fear and greed start getting in the way.
I have same EA going on demo and live

EA does not feel fear or greed
I could never do what it does
its just a script. join the club
  • #1,185,670
  • Oct 2, 2020 5:12pm Oct 2, 2020 5:12pm
Quoting Dzap
{quote} I have same EA going on demo and live EA does not feel fear or greed I could never do what it does
I find it hard to believe there is a consistently profitable EA out there. Even EAs that follow a hedging strategy are not that successful unless you have enough funds to handle massive DD. Did you purchase the EA or have someone build it for you? What indicators does it utilize?
Learn from your mistakes and march on.
  • #1,185,671
  • Oct 2, 2020 5:21pm Oct 2, 2020 5:21pm
Quoting here2there
{quote} I find it hard to believe there is an EA that makes 1700 pips a week. Even EAs that follow a hedging strategy are not that successful. Did you purchase the EA or have someone build it for you? What indicators does it utilize?
I code all of my EAs myself. It uses no indicators-all you need is close price
I largely use academic research as basis in finding edges

Cheers
its just a script. join the club
  • #1,185,672
  • Oct 2, 2020 5:27pm Oct 2, 2020 5:27pm
Quoting Dzap
{quote} I code all of my EAs myself. It uses no indicators-all you need is close price I largely use academic research as basis in finding edges Cheers
So it is a breakout strategy EA?
Learn from your mistakes and march on.
  • #1,185,673
  • Oct 2, 2020 5:31pm Oct 2, 2020 5:31pm
Quoting here2there
{quote} So it is a breakout strategy EA?
not at all. It trades ranges/trends/swings
its just a script. join the club
  • #1,185,674
  • Oct 2, 2020 5:32pm Oct 2, 2020 5:32pm
Quoting Dzap
{quote} not at all. It trades ranges/trends/swings
Interesting. So it's pure price action.

I notice that you are trading from the U.S. How does the EA handle FIFO rules? Does it hedge at all?
Learn from your mistakes and march on.
  • #1,185,675
  • Oct 2, 2020 5:35pm Oct 2, 2020 5:35pm
Quoting here2there
{quote} Interesting. So it's pure price action. I notice that you are trading from the U.S. How does the EA handle FIFO rules? Does it hedge at all?
Yes 100% price action is where you want to be
It hedges lots. My primary broker is outside US I hate the FIFO etc regulations
its just a script. join the club
  • #1,185,676
  • Oct 2, 2020 5:41pm Oct 2, 2020 5:41pm
Quoting Dzap
{quote} Yes 100% price action is where you want to be It hedges lots. My primary broker is outside US I hate the FIFO etc regulations
Yes, the FIFO rules are very unfair. And what makes matters worse is most reputable brokers outside of the US won't do business with us. The ones that do, make it very difficult to get money on their exchange.

I would like to see your EA in action. Maybe you can post a Youtube video privately and share a link with me. You can demonstrate how it works in Strategy Tester.
Learn from your mistakes and march on.
  • #1,185,677
  • Oct 2, 2020 6:25pm Oct 2, 2020 6:25pm
Quoting here2there
{quote} Yes, the FIFO rules are very unfair. And what makes matters worse is most reputable brokers outside of the US won't do business with us. The ones that do, make it very difficult to get money on their exchange. I would like to see your EA in action. Maybe you can post a Youtube video privately and share a link with me. You can demonstrate how it works in Strategy Tester.
I have primary, secondary, and close order EA.

Does not function in strategy tester
its just a script. join the club
  • #1,185,678
  • Oct 2, 2020 6:28pm Oct 2, 2020 6:28pm
EURUSD non-commercials longs are still in majority, they took off some of their positions, but so did short positions. EURUSD remains bullish.
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  • #1,185,679
  • Edited 6:53pm Oct 2, 2020 6:35pm | Edited 6:53pm
Quoting here2there
{quote} I doubt this guy is a pro. I have never seen him share any trading ideas or live trades. And the thing that irritates me most about him is how he leads people to believe he has stumbled upon some great combination of indicators but won't share. I think it is more about making noise to attract views to his monetized videos.
Don't look at it that way. He does show some algorithm trading, indicators on his videos. It is up to a trader to try and figure it out which one works best for you. He is successful for himself. He does not charge for anything, but he shares his ideas and opinions. I agree about fundamental analysis, unless a major event happens like covid19 did and it was clear, you could jump in and buy eurusd, it is all speculation when it comes to the news. We can't know for sure what is going to happen when the news is about to come out. So it's speculation. That is what he is trying to say. I mean we the retail traders, should watch the news but avoid trading it if we can. Why risk so much when you can just stick to price action and make money. I watched some of his videos, i like what he is sharing, no charge, does not claim he is a millionaire, just sharing his opinion as a forex trader.
  • #1,185,680
  • Oct 2, 2020 7:19pm Oct 2, 2020 7:19pm
Be warned! Following PA cannot be EA'd programmed. Price Action following needs constant human thingking. Hence, you cannot skip/avoid emotion. Psychology in trading is the main factor every trader should deal. No one can escape that. Those who tried and cling to robots... will just fall victim.

Understand the market and observe its behavior. That's the key in how to trade. What makes the price moves? Who moves the market? What are the factors that makes one economy weak or strong? How a strong/weak economy affects its currency towards market? And so many questions, etc.. etc... once understood, you will see all the bullshit you learned you thought was right. Gurus out there thought us how to lose... not how to win! They only made you look brilliant knowing how to use this and that, feel smart because you could do this and that. But in the end, you belong to them losers. And whose the winners? Those who sell books, indicators, programmers, seminars, academy, signals, subscriptions etc... etc..

So again, understand the market and its behavior. That's the way to trade.
Only an idiot knows with certainty to where the market is going.
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