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EURUSD Club - Get Your Trend Right

  • #521
  • Jan 14, 2021 8:31am Jan 14, 2021 8:31am
Quoting pingus21
{quote} 2 shorts hited by SL - 30pips 1 short closed manual with 25 pips. For now I'm - 0.5 pip
Oooooppssss.....
Hence it's worth it to relax until you see an almost guaranteed development. If I would have been watching at 6 a.m. EST, at 1.216-1.217, I'm pretty sure I would've shorted a few pips on the drop.
But anyway, tomorrow is another day. Just keep trying again. Time is your friend.
LOL
Rhyme came out of nowhere...
You cannot fail if you never give up.
  • #522
  • Jan 14, 2021 8:47am Jan 14, 2021 8:47am
...took a short on m15 ascending wedge ....after all the sideways movement..... 45 pips came out .........
.... now looking for a suitable long entry.....
  • #523
  • Jan 14, 2021 8:58am Jan 14, 2021 8:58am
buying spike downs can be suitable for long scalps with tp 15-20pips.... use confirmation..........
  • #524
  • Jan 14, 2021 9:25am Jan 14, 2021 9:25am
Quoting klm1011
buying spike downs can be suitable for long scalps with tp 15-20pips.... use confirmation..........
Good idea! That's generally my strategy. You don't think it could drop hard and fast deep into 1.20 territory today, do you? I'm waiting for that. To long the bottom...
I've learned to never short the bottom of the channel. Too much risk of loss...
You cannot fail if you never give up.
  • #525
  • Jan 14, 2021 9:31am Jan 14, 2021 9:31am
Current list of big active long and short orders.
Sentiment is mixed and cautious, so be careful!!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2021-01-14-10-30-04.png Size: 138 KB
You cannot fail if you never give up.
  • #526
  • Jan 14, 2021 9:40am Jan 14, 2021 9:40am
Quoting 7154Superman
{quote} Good idea! That's generally my strategy. You don't think it could drop hard and fast deep into 1.20 territory today, do you? I'm waiting for that. To long the bottom... I've learned to never short the bottom of the channel. Too much risk of loss...
........... to safe gaurd against that ....i use an exit strategy incase that happens .................sametime ... i might change a scalp with BE into a position......depends on how PA behaves......
  • #527
  • Jan 14, 2021 9:47am Jan 14, 2021 9:47am
Quoting 7154Superman
Current list of big active long and short orders. Sentiment is mixed and cautious, so be careful!!{image}
I'm interested in shorting if price goes up first, then looks like it'll drop again.
You cannot fail if you never give up.
  • #528
  • Jan 14, 2021 9:49am Jan 14, 2021 9:49am
Quoting klm1011
{quote} ........... to safe gaurd against that ....i use an exit strategy incase that happens .................sametime ... i might change a scalp with BE into a position......depends on how PA behaves......
Sure, if you don't mind wasting time getting your BE SL getting hit all the time. I don't like getting stressed for nothing. I'd rather relax on sidelines and wait for more sure, lower risk development. It pays...
You cannot fail if you never give up.
  • #529
  • Jan 14, 2021 9:57am Jan 14, 2021 9:57am
Quoting klm1011
buying spike downs can be suitable for long scalps with tp 15-20pips.... use confirmation..........
Good call, though. Spot on.
You cannot fail if you never give up.
  • #530
  • Jan 14, 2021 9:59am Jan 14, 2021 9:59am
Quoting klm1011
buying spike downs can be suitable for long scalps with tp 15-20pips.... use confirmation..........
.... one position closed for 20 pips , second held at BE.......
  • #531
  • Jan 14, 2021 10:04am Jan 14, 2021 10:04am
Quoting 7154Superman
{quote} Good call, though. Spot on.
..Ka-Ching...
  • #532
  • Jan 14, 2021 10:07am Jan 14, 2021 10:07am
Quoting 7154Superman
{quote} Sure, if you don't mind wasting time getting your BE SL getting hit all the time. I don't like getting stressed for nothing. I'd rather relax on sidelines and wait for more sure, lower risk development. It pays...
.... you do what works for you.............
  • #533
  • Jan 14, 2021 10:31am Jan 14, 2021 10:31am
Quoting 7154Superman
{quote} I'm interested in shorting if price goes up first, then looks like it'll drop again.
Watching closely now...
You cannot fail if you never give up.
  • #534
  • Jan 14, 2021 10:39am Jan 14, 2021 10:39am
Quoting 7154Superman
{quote} Watching closely now...
Entered short at 1.2143 for 10 pip TP.
Still feels iffy, though.
You cannot fail if you never give up.
  • #535
  • Jan 14, 2021 10:51am Jan 14, 2021 10:51am
............. closed 2nd position....36 pips...... sidelines now.....
  • #536
  • Jan 14, 2021 10:56am Jan 14, 2021 10:56am
Quoting 7154Superman
{quote} Entered short at 1.2143 for 10 pip TP. Still feels iffy, though.
2nd short at 1.21535, Avg = 1.21484, TP = 1.21384
You cannot fail if you never give up.
  • #537
  • Jan 14, 2021 10:57am Jan 14, 2021 10:57am
Quoting 7154Superman
{quote} 2nd short at 1.21535, Avg = 1.21484, TP = 1.21384
3 already... 40,47,56. Oh boy...
  • #538
  • Jan 14, 2021 11:06am Jan 14, 2021 11:06am
Quoting 7154Superman
{quote} 2nd short at 1.21535, Avg = 1.21484, TP = 1.21384
It's dropping now...
Changed TP to 30 pips at 1.21184
But am prepared to close manually in the green if bulls kick in again.
You cannot fail if you never give up.
  • #539
  • Jan 14, 2021 11:09am Jan 14, 2021 11:09am
Quoting 7154Superman
{quote} It's dropping now... Changed TP to 30 pips at 1.21184 But am prepared to close manually in the green if bulls kick in again.
You double your lot size every new order or stays the same?
  • #540
  • Jan 14, 2021 11:14am Jan 14, 2021 11:14am
Quoting pingus21
{quote} You double your lot size every new order or stays the same?
Lot sizes are the same every time, except for 1 point so I can close them individually if necessary.
Like if .01 lot or 1,000 euros is 1/8 the size of my account, then I go in 1st 1,000, 2nd 1,001, 3rd, 1,002, etc. If they are all 1,000, then I can't close them individually. Weird...
My brokers are Forex.com and Oanda.
You cannot fail if you never give up.
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