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  • #126,101
  • Feb 5, 2021 8:00am Feb 5, 2021 8:00am
Sl @be 1.2018.

Let's see
  • #126,102
  • Feb 5, 2021 8:03am Feb 5, 2021 8:03am
Quoting Kyuu
I took way too big of a loss there, I have a limit short order at 1.203 with a 5 pip stop but looks like it might just hit my initial short target first before reversing.
Take it slow buddy. How big is your account?
  • #126,103
  • Feb 5, 2021 8:04am Feb 5, 2021 8:04am
This time will hang out with bulls for a while.. My pending entry point for a bull rodeo sits at 1.1995.. I hope I can hold the shake out Stops must go a little below 1.1982..
Focus only on what truly matters!
  • #126,104
  • Feb 5, 2021 8:13am Feb 5, 2021 8:13am
If you did not believe in market manipulation...Take a look at the charts! Create a nice bearish sentiment all week long...Market makers posting news about potential great employment numbers will be and more down trend, sellers setup limit orders around 1.2000 and then our great "economists" makes a blunder on the NFP by about 40K? seriously and this happens...as stop losses get hit, it will keep going higher, then you wonder how did this happen?...perfect trap! Resistance is futile! Lets go bulls! I say initial push will be to 1.2040 ...could also be a bullish trap who knows what these people be doing. I will break my long even and get out while the getting is good...been a bad week!
Stop thinking like a retail trader
Forextrinitrader3.0 Profit This Month: na
  • #126,105
  • Feb 5, 2021 8:15am Feb 5, 2021 8:15am
so no more 1.1875??

for me it just looks like a retracement to 78.6 and from there it will go down again, what are your toughts?
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  • #126,106
  • Feb 5, 2021 8:18am Feb 5, 2021 8:18am
Quoting Ziemowit
so no more 1.1875??
no
  • #126,107
  • Feb 5, 2021 8:18am Feb 5, 2021 8:18am
Quoting Cornabu
closed BEP my long H4 Update Status next target 1.1887 level 38.2% {image}
Sell 2011 sl 2033 tp 1939
  • #126,108
  • Feb 5, 2021 8:19am Feb 5, 2021 8:19am
Next to the S/R levels I shared today on DAILY I also spotted a potential "Cypher" completion target around 1.2262.. No rush though market has plenty of time to do all sort of trickery with dips and double bottoms before that.. For now just keep it in the back of your heads.. Time will tell..

*First we have to see if 1.1996 will turn into support or not.. Oh and also keep in mind: 1.2036 will also act like a bitch if we get there today!
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Focus only on what truly matters!
  • #126,109
  • Feb 5, 2021 8:19am Feb 5, 2021 8:19am
Quoting Ziemowit
so no more 1.1875??
Could still happen easily, we rebounded over the 50% fibo on monthly, next hangout is 38.2% 1.2050/60 level. The market did this last time, ranged between 38.2/23.6% levels before the last drop.
  • #126,110
  • Feb 5, 2021 8:20am Feb 5, 2021 8:20am
Revisons from -140K to -227K
and unemployment rate better.

in 40 minutes expiry 1.1 bln eurusd options
at 1.20
Trends have a higher probability of continuing than not.
  • #126,111
  • Edited 9:06am Feb 5, 2021 8:27am | Edited 9:06am
Based on my own rules, we're still bearish until we hit the exact Daily support which we missed by 5-10 pips, so we need to actually get there first before we can fully reverse. if we break and close clearly above 1.203 , then clearly something went wrong with my strategy. I have a short at 1.203 TP 1.1947 SL 5 pips if we actually make it there, but we could also just drop down before it happens.

I could also be wrong, just sticking to my strategy. I should've simply not taken a position prior to news and enter at better prices according to my own strategy.

Edit: Actually moving my order to 1.2029 so I get filled in case it goes without me, 6 pi sl
  • #126,112
  • Feb 5, 2021 8:33am Feb 5, 2021 8:33am
Quoting NewbieTrad3r
{quote} Take it slow buddy. How big is your account?
I think Kyuu system is tight stop losses to preserve equity, whereas most of us use bigger SL to account for possible market drawdown against your position. For e.g if your SL is 30 pips and it goes against you then you loss 30 pips in 1 trade, but if its 5 pips then you can take 6 trades (5x6=30) with the same position of losses. But if using tight SL lets face it the market has to go in one direction and if you got a small SL chances are you can take more trades and higher probability it will go your way or you can switch quickly. Your win rate might suck but once it goes your way potential profits will be high. I find it an interesting theory of trading, have thought about it just never tested it. The goal of making this work will be to find the exact turning point. There might be more to it, this is just my opinion of what Kyuu is doing, I dont really know. This might be good to blend with ICT theory of optimal trade entry and determiing "ICT order blocks", but he uses 30 pip stop losses.
Stop thinking like a retail trader
Forextrinitrader3.0 Profit This Month: na
  • #126,113
  • Feb 5, 2021 8:33am Feb 5, 2021 8:33am
Quoting Endoephemera
Holding Sell at 1.19916 If it goes above I'll add sell at 1.201x If it makes new low I'll close it. EDIT. And up it is. Come on bring it up. I got microlots to sell here.
I'm managing my short position really badly.Out of synch with the movements.
1.203x is my next area to add to short.
Practitioner of the cryptic trading arts
  • #126,114
  • Feb 5, 2021 8:41am Feb 5, 2021 8:41am
Quoting Traderview
Sl @be 1.2018. Let's see
Closed @1.2009. Entered again at the r1.
  • #126,115
  • Feb 5, 2021 8:42am Feb 5, 2021 8:42am
Quoting forextrini1
{quote} I think Kyuu system is tight stop losses to preserve equity, whereas most of us use bigger SL to account for possible market drawdown against your position. For e.g is your SL is 30 pips and it goes against you then you loss 30 pips in 1 trade, but if its 5 pips then you can take 6 trades (5x6=30) with the same position of losses. But if using tight SL lets face it the market has to go in one direction and if you got a small SL chances are you can take more trades and higher probability it will go your way or you can switch quickly. Your...
Yeah exactly, I actually use between 5-10 pip SL depending on what signal of mine hits. I took a huge loss because I decided to move my stop loss since I entered a trade that wasn't a part of my system this morning. But I don't like having 30 pip stop losses because it just means your entry was probably poor and something could be improved. I have exact entry points and the only reason I use a SL bigger than 0 is because I am protecting myself from potential "noise" and volatility of the market. I expect the market to turn where I decide to enter, or else I'm out.

So for me, my original plan was to buy 1.1945-48 area (it's moving as time is going on) with a 10 pip stop probably, then TP at 1.2065-75 area (also moving) where I'd enter short until 1.19822 exactly (5 pip stop) where I'd go long again.

But if we do reach my target of 1.203 and bounce down, there's a possibility we won't break 1.19822 as a part of my strategy, meaning that support actually truly built at todays low. If that happens, I have an alternate scenario to what I would do. Got a 6 pip SL there because that's my favorite number
  • #126,116
  • Feb 5, 2021 8:45am Feb 5, 2021 8:45am
Quoting chrissfx
Hello @ all, my next area for pending long is @ 1,1875 / 50. You know I love to chase top and bottoms. Can't see a sweetspot before. Daily trendline break will be confirmed with today's candle close... I will look to add short @ 2030 and 2000, if possible... Best Chriss
Hi,
first short active, second waiting 2030...

Happy weekend @ all
Chriss
  • #126,117
  • Feb 5, 2021 8:48am Feb 5, 2021 8:48am
I'd rather look to sell the highs than the buys. 1.1995 might look like a good fit for buys but will hit 1.1984.
  • #126,118
  • Feb 5, 2021 8:49am Feb 5, 2021 8:49am
Sell EU 1.202, TP 1.1980
Think Big, Start small !
  • #126,119
  • Feb 5, 2021 8:52am Feb 5, 2021 8:52am
Last border for bears: 1.20425
  • #126,120
  • Feb 5, 2021 8:52am Feb 5, 2021 8:52am
next resistance @ 1.2034
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