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  • #124,181
  • Jan 14, 2021 11:52am Jan 14, 2021 11:52am
Please put alert on this fibo indi when price touch/above upper/lower level.. Someone can please make an EA from it?
Attached File(s)
File Type: mq4 #Fibonacci.mq4   3 KB | 248 downloads
  • #124,182
  • Jan 14, 2021 11:55am Jan 14, 2021 11:55am
That's why I prefer to wait for a second H1 for confirmation. At area 1 - we had 3 Hourly candles closed and still the divergence was confirmed. LOOK AT THE OUTCOME! Like I said - it works very nice. And the more important the level that it RUNS out - the stronger the signal. Today EUR took out a weekly LOW - it's a pretty important level and the reaction after that was NICE as you can see. Also it's important at what time of day the divergence forms, but that's a whole another subject.
Attached Image (click to enlarge)
Click to Enlarge Name: DXY and EUR SMT chart 111.png Size: 82 KB
  • #124,183
  • Jan 14, 2021 11:59am Jan 14, 2021 11:59am
Final short attempt at 1.217 , would be the perfect place to make all people who were short long and new traders long for banks to sell their longs for a quick profit. My bias for the market is still short as long as it doesn't close above 1.21736.

TP 1.2078 where I'd switch to long or I get stopped at break even now. let's see
  • #124,184
  • Jan 14, 2021 12:18pm Jan 14, 2021 12:18pm
3rd EUR/USD turning point for the day on 1H chart which will occur on 2021.01.14
EST time in 15 min time frame included. Please click above link to see the EST time
Previous hourly turning point was just 2 15min bars after the predicted bar and made a nice low.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1_2021.01.14_3.PNG Size: 37 KB
  • #124,185
  • Jan 14, 2021 12:19pm Jan 14, 2021 12:19pm
Closed it @1.2155. Good 21 pips

See you guys tomorrow
  • #124,186
  • Edited 12:44pm Jan 14, 2021 12:27pm | Edited 12:44pm
god dammit that spike took out my short at break even but I re-entered one final time at a worse price, still predicting with more confidence now this will drop to 1.2078 where it will go long. That 15-20 pip spike definitely looks like they're stealing shorts.

Edit: My new short got stopped at -1 pips, I'm pissed and idk how to re-enter my short now.
  • #124,187
  • Jan 14, 2021 12:44pm Jan 14, 2021 12:44pm
It is really incredible sometimes...: I put the thick red horizontal line beginning of December, to mark the two highs (1 and 2) as a resistance. Then I forgot about that line in one of my charts. Today I opened that chart again. Look how often the price came back there, the last days oscillating around that line. Even today it played a role...

H1:
Attached Image (click to enlarge)
Click to Enlarge Name: 2f820b59dd77fbd114aa4b314cea9b9e.png Size: 30 KB
  • #124,188
  • Jan 14, 2021 12:50pm Jan 14, 2021 12:50pm
Quoting Kyuu
god dammit that spike took out my short at break even but I re-entered one final time at a worse price, still predicting with more confidence now this will drop to 1.2078 where it will go long. That 15-20 pip spike definitely looks like they're stealing shorts. Edit: My new short got stopped at -1 pips, I'm pissed and idk how to re-enter my short now.
That is the very reason I HATE stop losses!
Too much confusion and stress for nothing.
I have a scalping and drawdown manual trading strategy that seems to work better due to my lack of professional knowledge and experience. So far it has worked...
You cannot fail if you never give up.
  • #124,189
  • Jan 14, 2021 12:54pm Jan 14, 2021 12:54pm
Quoting 7154Superman
That is the very reason I HATE stop losses!
Just wanted to write the same. I prefer control over a basket rather than setting SL for single trades. Trailing stops I am using though.
  • #124,190
  • Jan 14, 2021 1:20pm Jan 14, 2021 1:20pm
Hating the SL is same as hating the helmet and protective gear when driving a motorbike.. Maybe nothing will happen for many many months and years yes.. You will feel free and encouraged to go naked every time you ride.. Some will spend a lifetime where truly nothing happens.. All could serve to justify this nasty habit.. BUT that one day.. That one moment of a sudden unlucky event will kick you out and the road will take away your facial skin like melting butter.. Bye bye happiness... You will grin like Mr. Skull for the rest of your life if you were lucky not to die..

Oh no no.. so far I wasn't talking about biking.. I was talking about trading without a SL.. Be wise and have at least a mental SL!

Stay Green
Focus only on what truly matters!
  • #124,191
  • Jan 14, 2021 1:26pm Jan 14, 2021 1:26pm
Quoting Ata-Turkoglu
Hating the SL is same as hating the helmet and protective gear when driving a motorbike.. Maybe nothing will happen for many many months and years yes.. You will feel free and encouraged to go naked every time you ride.. Some will spend a lifetime where truly nothing happens.. All could serve to justify this nasty habit.. BUT that one day.. That one moment of a sudden unlucky event will kick you out and the road will take away your facial skin like melting butter.. Bye bye happiness... You will grin like Mr. Skull for the rest of your life if you...

Dear ata, such a nice comment i'm sure it would suit you just summarized how nice the event was congratulated you my virtual friend, thank you thank you.
You can lose your money and possibly lose. So trade wisely.
  • #124,192
  • Jan 14, 2021 1:31pm Jan 14, 2021 1:31pm
Calling it a day folks.. We are still inside the falling wedge so choppiness will probably last for the rest of this week and maybe also next week.. Trade careful but have faith in bulls and don't buy high.. always buy dips!

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H4-Status-Update.png Size: 32 KB
Focus only on what truly matters!
  • #124,193
  • Jan 14, 2021 2:30pm Jan 14, 2021 2:30pm
Quoting Ata-Turkoglu
Hating the SL is same as hating the helmet and protective gear when driving a motorbike.. Maybe nothing will happen for many many months and years yes.. You will feel free and encouraged to go naked every time you ride.. Some will spend a lifetime where truly nothing happens.. All could serve to justify this nasty habit.. BUT that one day.. That one moment of a sudden unlucky event will kick you out and the road will take away your facial skin like melting butter.. Bye bye happiness... You will grin like Mr. Skull for the rest of your life if you...
Yes, indeed a mental stop loss is important to use once it's obvious that the overall trend is going against your trade and not likely to return to your position anytime soon. I've seen how you did that. When you were on the losing side, you waited until the best possible moment to close with the smallest loss. I did that too, and it worked. That 1 small losing day in the middle of 25 winning days is now just a tiny blip in my history of 70% ROI in 26 trading days. I'm prepared to do that again if I have to.
At this point I have finally found a way to succeed like never before. Let's hope I can keep this up!
You cannot fail if you never give up.
  • #124,194
  • Jan 14, 2021 3:47pm Jan 14, 2021 3:47pm
Tomorrow we will see...: morning star?

D1:
Attached Image (click to enlarge)
Click to Enlarge Name: a8f3f7e3d45b8a7acb79e50136d979ec.png Size: 22 KB
  • #124,195
  • Jan 14, 2021 4:01pm Jan 14, 2021 4:01pm
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd daily 85.jpg Size: 240 KB
  • #124,196
  • Jan 14, 2021 4:55pm Jan 14, 2021 4:55pm
"My" daily levels for Friday:

if we go long:
Attached Image (click to enlarge)
Click to Enlarge Name: ca1ec20d9cb0fe3c4c73f5be1374a17b.png Size: 3 KB


short:
Attached Image
  • #124,197
  • Jan 14, 2021 5:51pm Jan 14, 2021 5:51pm
Quoting Ata-Turkoglu
Hating the SL is same as hating the helmet and protective gear when driving a motorbike.. Maybe nothing will happen for many many months and years yes.. You will feel free and encouraged to go naked every time you ride.. Some will spend a lifetime where truly nothing happens.. All could serve to justify this nasty habit.. BUT that one day.. That one moment of a sudden unlucky event will kick you out and the road will take away your facial skin like melting butter.. Bye bye happiness... You will grin like Mr. Skull for the rest of your life if you...
Nice speech. Tell that to the guys that were long EURCHF with stop loss at 1.1950, who got executed at 1.0000 when the peg broke. Guaranteed stop loss is the real deal.
Another day, another dollar.
  • #124,198
  • Jan 14, 2021 5:57pm Jan 14, 2021 5:57pm
Quoting Beyfor
{image}
the up impossible now, next move is down...
  • #124,199
  • Jan 14, 2021 6:12pm Jan 14, 2021 6:12pm
Quoting andvk74
That's why I prefer to wait for a second H1 for confirmation. At area 1 - we had 3 Hourly candles closed and still the divergence was confirmed. LOOK AT THE OUTCOME! Like I said - it works very nice. And the more important the level that it RUNS out - the stronger the signal. Today EUR took out a weekly LOW - it's a pretty important level and the reaction after that was NICE as you can see. Also it's important at what time of day the divergence forms, but that's a whole another subject. {image}
Thaks mate, you do a very god job
  • #124,200
  • Jan 14, 2021 6:41pm Jan 14, 2021 6:41pm
Quoting nic9man
{quote} Nice speech. Tell that to the guys that were long EURCHF with stop loss at 1.1950, who got executed at 1.0000 when the peg broke. Guaranteed stop loss is the real deal.
Nah.. mental stops are safe with EURUSD.. The case you mentioned is a one in a million case and mostly for any other pair than EURUSD... But since you have mentioned it, that's another good reason why I stick to this most traded pair only.. If similar happens to this pair that means something really bad happened in the world.. like world war 3 or the zombie apocalypse broke out and you wouldn't need to bother for your digital money anyway because there wouldn't be any bank to pay you lol.. You would probably busy running for your life.. Long story short: EURUSD traders can stick to mental stops "at least" and if some are really really really concerned for a worst case scenario then they can still put a just-in-case REAL SL some 100 pips far away to feel safer.. Not a big deal..

Stay Green
Focus only on what truly matters!
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