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  • #132,861
  • May 24, 2021 8:45am May 24, 2021 8:45am
Closed my longs with a nice profit @ 1.2221, +23 pips. Now sidelines till this gets resolved (I know 1.2222 zone is gonna be tough).
  • #132,862
  • May 24, 2021 8:49am May 24, 2021 8:49am
Quoting Ata-Turkoglu
{quote} I agree with US brokers.. I never use hedging.. It is a crappy, delusional habit.. Fully or partially close your trades but never hedge.. My two cents
Hedging was one of the bad habits in forex that has dealt with me beyond recouping.
When you learn to adapt, you will be unbeatable........ "FX IS SWEET".
  • #132,863
  • May 24, 2021 8:54am May 24, 2021 8:54am
Okay, buy stop 1.2224, TP 1.2235. I expect this should be a very fast trade if triggered.
  • #132,864
  • May 24, 2021 9:01am May 24, 2021 9:01am
Quoting Ata-Turkoglu
----> No selling while M15 candles do still open above 1.2195...
Good Morning! I joined the forum recently, and I'm learning a lot from your posts. and I still do not understand how you detect these regions ex (do not open buy or sell when the candles are above or below that price). could you explain?
  • #132,865
  • May 24, 2021 9:04am May 24, 2021 9:04am
Quoting yvestrcz
Okay, buy stop 1.2224, TP 1.2235. I expect this should be a very fast trade if triggered.
Triggered and... struggling. Let's see.
  • #132,866
  • May 24, 2021 9:07am May 24, 2021 9:07am
Quoting saninvestor
Sold @ 2218. Consolidation area.
Added more @ 2225
Trade to enjoy... Money is after!
  • #132,867
  • May 24, 2021 9:26am May 24, 2021 9:26am
Quoting yvestrcz
{quote} Triggered and... struggling. Let's see.
Closed it manually @ .2227. +3 pips. Well, they count as well.
  • #132,868
  • May 24, 2021 9:39am May 24, 2021 9:39am
Attached Image (click to enlarge)
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The Average Discount Everything
  • #132,869
  • May 24, 2021 10:01am May 24, 2021 10:01am
Quoting sammy454515
{quote} Good Morning! I joined the forum recently, and I'm learning a lot from your posts. and I still do not understand how you detect these regions ex (do not open buy or sell when the candles are above or below that price). could you explain?
I briefly tried to explain one of my logics on image below.. there could be many other logics a trader could follow..

To understand better you need to know the details of my methodology which this thread is not serving for.. Here we only trade the EURUSD.. To read about my methodology please visit my other thread: https://www.forexfactory.com/thread/...-explained-faq

I hope it clarifies
Attached Image (click to enlarge)
Click to Enlarge Name: DontsellabovebelowExplained.png Size: 15 KB
Focus only on what truly matters!
  • #132,870
  • Edited 10:41am May 24, 2021 10:07am | Edited 10:41am
Quoting tonyb123
I keep my longs because there is no reason to sell.{image}{image}
Clarification: Long bias. Does not mean I do not sell.
Here is the update: lower entries still long to 1.2276
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4bc.png Size: 67 KB
MY GRID. Markets are NOT random.
  • #132,871
  • May 24, 2021 10:18am May 24, 2021 10:18am
My logic in opening a scalp sell order --> For bullish continuation the big round number (BRN) level: 1.2200 has to be retested and proven that it supports.. That should give me at least a chance for 15 to 20 pips profit if I would just close around that big round number.. Time will tell!
Focus only on what truly matters!
  • #132,872
  • May 24, 2021 10:29am May 24, 2021 10:29am
Quoting Ata-Turkoglu
{quote} I agree with US brokers.. I never use hedging.. It is a crappy, delusional habit.. Fully or partially close your trades but never hedge.. My two cents
Thanks for reply. maybe I’m not using the right term. I’m with forex.com as my broker. Years ago had 2 others I can’t remember now but pretty sure one went under / was shut down. And at that time I could open both a long and short position. So if I was in a long and was running well but hit some resistance and a Nice pull back was going to happen I could enter a short catch that move down but keep my original long open. I then close the short whenever take those pips and my long ideally goes back the way the original trade was supposed to.

I’ve read others posts where it sounds like they have open both long and short on the same pair. But not sure maybe there are doing that on 2 different accounts?

Still in my long now and looking like it’s stalling and going to drip drip drip back down. Might just heed my own advice take the profits and sit and see what presents itself next
--post hoc ergo propter hoc--
  • #132,873
  • May 24, 2021 10:54am May 24, 2021 10:54am
Quoting Monk
{quote} Thanks for reply. maybe I’m not using the right term. I’m with forex.com as my broker. Years ago had 2 others I can’t remember now but pretty sure one went under / was shut down. And at that time I could open both a long and short position. So if I was in a long and was running well but hit some resistance and a Nice pull back was going to happen I could enter a short catch that move down but keep my original long open. I then close the short whenever take those pips and my long ideally goes back the way the original trade was supposed to....
Yes I understood you the first time.. It is called hedging and it is a nasty habit for forex retail traders.. US citizens are lucky that US brokers don't allow them to do it.. All non-US brokers allow their customers to hedge because it seriously benefits them! Anyway, it is a loooooooong story to explain and to convince people but trust me, it is very good you can't hedge!

Let's continue posting around EURUSD before this turns into a toxic discussion.. Best wishes
Focus only on what truly matters!
  • #132,874
  • Edited 11:16am May 24, 2021 11:02am | Edited 11:16am
try a buy at this level

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd buy.PNG Size: 29 KB


Sold have to walk the dog
Happy trading
  • #132,875
  • May 24, 2021 11:06am May 24, 2021 11:06am
I think one could still scalp sell 1.2215 area..
Focus only on what truly matters!
  • #132,876
  • May 24, 2021 11:30am May 24, 2021 11:30am
Quoting Ata-Turkoglu
Another crazy move.. Now getting ready to scalp-sell this hopefully at 1.2219.. Stops must go at least 24 pips higher.. *don't try at home.. Edit: order just got triggered..
Played out just like I imagined.. Closing scalper sell order here at 1.2205 with +14 pips.. Waiting for next opportunity..
Focus only on what truly matters!
  • #132,877
  • May 24, 2021 12:50pm May 24, 2021 12:50pm
Scalp selling one more time here at 1.22175... Again stops must go at least 24 pips higher or more..
Focus only on what truly matters!
  • #132,878
  • May 24, 2021 12:54pm May 24, 2021 12:54pm
Quoting Ata-Turkoglu
Scalp selling one more time here at 1.22175... Again stops must go at least 24 pips higher or more..
TP 1.2205 again or lower at 1.2185?
  • #132,879
  • May 24, 2021 12:59pm May 24, 2021 12:59pm
Maybe forming head and shoulders on M5-M15?
  • #132,880
  • May 24, 2021 1:28pm May 24, 2021 1:28pm
Right now I believe any setup is going to have very little chance of being successful as the brokers are just whipsawing the marking up and down. The main idea for the broker is to make a commission and where lies the most orders are where the price is heading. Most of the big players are on the sidelines as they are waiting for the data to come out about the economy. This is my opinion if I am missing something please share.
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