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EURUSD

  • #1,199,001
  • Aug 24, 2021 8:25pm Aug 24, 2021 8:25pm
Quoting PatienceFx
{quote} i will buy 1730 very heavily
I am a PA follower... i will continue trailing and adjusting till my stops get hit. If it gets hit on your numbers and PA reverse, I will be happy joining you there
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Only an idiot knows with certainty to where the market is going.
  • #1,199,002
  • Aug 24, 2021 8:44pm Aug 24, 2021 8:44pm
Big rejection from yesterday. Time to short. I missed the first move off, but will jump in on a pullback
  • #1,199,003
  • Aug 24, 2021 9:01pm Aug 24, 2021 9:01pm
Quoting MrBullBear
{quote} I am a PA follower... i will continue trailing and adjusting till my stops get hit. If it gets hit on your numbers and PA reverse, I will be happy joining you there {image}
my plan ; NFP will help

on daily chart you can see the previous support which rejected the north push

first rejection then acceptance then high !!!
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  • #1,199,004
  • Aug 24, 2021 9:18pm Aug 24, 2021 9:18pm
Quoting PatienceFx
{quote} my plan ; NFP will help on daily chart you can see the previous support which rejected the north push first rejection then acceptance then high !!! {image}
I will keep an eye on your level...
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Only an idiot knows with certainty to where the market is going.
  • #1,199,005
  • Aug 25, 2021 12:08am Aug 25, 2021 12:08am
EURUSD yet trying to take out the highs aiming for 1780/1800. Below yesterdays low 1700/15 is where it might head.

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Looking for profitable short term trades ...|
  • #1,199,006
  • Aug 25, 2021 12:57am Aug 25, 2021 12:57am
Quoting MrBullBear
{quote} Everyone is searching for the holy grail.... they don't know it is just right there in front of us.. it is the trail stops. Use it, and it will take care of your profit and saves your account from blowing.
Trailing stops will ensure you only ever make a mediocre profit, at best.

As they say it's time in market not timing the market.

You aren't going to make any decent amount of money scalping FX markets unless you already have a lot of money to play with, in which case you aren't a 'retail trader'.

1.1780
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  • #1,199,007
  • Aug 25, 2021 1:22am Aug 25, 2021 1:22am
Quoting JauntyLoon
{quote} Trailing stops will ensure you only ever make a mediocre profit, at best. As they say it's time in market not timing the market. You aren't going to make any decent amount of money scalping FX markets unless you already have a lot of money to play with, in which case you aren't a 'retail trader'. 1.1780 {image}
How many times per day I scalp you think? Multiply that in 5 for /week.... how many pips you gain or lose per week as a swing trader? Or for a day trader? Compare it. Who has the most pips played? Also that matter is, the use of lots size in proportion to account balance.
Only an idiot knows with certainty to where the market is going.
  • #1,199,008
  • Aug 25, 2021 2:06am Aug 25, 2021 2:06am
Weekly pivots, 1 hr timeframe, 5 > 20 EMA crossover for entry signals?
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  • #1,199,009
  • Aug 25, 2021 2:13am Aug 25, 2021 2:13am
Successful scalpers make more money than successful position traders l can assure you guys as a position trader. Basically because lower tf charts create more swings, have more volatility going on. I look at the daily chart and most of the volatility comes from the news events. Market is moving fast just for few days in a week. On the other side, scalpers don't have to wait like i do.

For example i have made 300 pips from GU but it's open since the beginning of the August. It's been nearly a month. For a position trader that's awesome but it may not satisfy a scalper or a day trader.

Scalping offers the most pips, but more earnings mean more risk as well. Also let's not forget that scalpers need to be on screen for hours. They are generally at more rlsk so, the more you risk more you earn.
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  • #1,199,010
  • Aug 25, 2021 3:17am Aug 25, 2021 3:17am
The EU market is changing like, all the other markets on the world. Some days we expect trend trading and some other days range trading depending on analysis.

Volatility is playing a big role, when its low it might go up and if, its up it might go low, but that what we have is what we see now.

Other days less, other days more, or none, we can follow what it does and adapt, so we can make more on a higher timeframe, or less in a smaller.

You can make entries on small timeframes, but always have the bigger view on your mind and try to follow the trend, so you can maximize your gains.

Usually the best ideas, like buy low and sell high are working much better in the end from just scalping without knowing what you are doing depending on luck and only, it just needs patience to wait for example the Daily trend to turn, so you can start to make entries on smaller charts.

Scalping could be taking 50 pips and longer term trading is taking more from the table.

You can scalp and take longer term trades, but better if, you are a new trader stick and learn good one skill, become an expert to it and then you can move further with another.

Don't forget it takes time to win in forex, because there are almost zero chances that you are going to be millionaire in only one day. Just think if, you make 10 pips every day, how many doors in your life are open. Many friends and relatives will agree.
Looking for profitable short term trades ...|
  • #1,199,011
  • Aug 25, 2021 4:07am Aug 25, 2021 4:07am
Pivots work well until they don't; same with Fibs and moving averages. Bollinger Bands are sometimes useful, sometimes not. Taking a fixed profit from a risk reward ratio sometimes works, and sometimes it results in you taking profit and missing a much bigger move. You can read books and courses and the more you learn the more you will realize you don't know. Trying to get 10 pips a day sounds reasonable until you spot big trending moves on a chart and think to yourself, I could do much better from catching these moves.

Looks really simple with hindsight:
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  • #1,199,012
  • Aug 25, 2021 4:57am Aug 25, 2021 4:57am
I see some good volatility coming out tomorrow after the ECB.

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Looking for profitable short term trades ...|
  • #1,199,013
  • Aug 25, 2021 6:18am Aug 25, 2021 6:18am
Here's an interesting view from a daily perspective, giving a higher probability of the Euro falling.
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  • #1,199,014
  • Aug 25, 2021 7:13am Aug 25, 2021 7:13am
Quoting JauntyLoon
Weekly pivots, 1 hr timeframe, 5 > 20 EMA crossover for entry signals? {image}
jaunty - you might find this interesting i too use the 20ema but with the 20ema on the next higher time frame. so on the hrly chart below i have 20ema, 80ema (4hrly 20) and 480ema (daily 20). I also do the same with the 50ma, then 200ma and finally 1200ma. i am less interested in the 50ma though. i do this across all time frames.

the 4hr chart cross of 20ema & 120ema can be exposive.

this came out of a trading room i was in back in the early 00's supposedly the guys running it took it from their professional mates. its not a top indicator but probably second layer as it's actual about 60% of the time.
In tea leaves we trust!
  • #1,199,015
  • Aug 25, 2021 8:15am Aug 25, 2021 8:15am
Woke up and tsl was hit. Will have my coffee while figuring out what happened. Then I will strike again.
Only an idiot knows with certainty to where the market is going.
  • #1,199,016
  • Aug 25, 2021 8:48am Aug 25, 2021 8:48am
Quoting MrBullBear
Woke up and tsl was hit. Will have my coffee while figuring out what happened. Then I will strike again.
US Durable Goods orders came out better than expected.
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  • #1,199,017
  • Aug 25, 2021 9:03am Aug 25, 2021 9:03am
Quoting Nordling00
{quote} US Durable Goods orders came out better than expected.
I don't expect big movement, a few pips up and down enjoying every move.
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Only an idiot knows with certainty to where the market is going.
  • #1,199,018
  • Aug 25, 2021 9:11am Aug 25, 2021 9:11am
Quoting MrBullBear
{quote} I don't expect big movement, a few pips up and down enjoying every move. {image}
Stops now @+5
Only an idiot knows with certainty to where the market is going.
  • #1,199,019
  • Aug 25, 2021 9:20am Aug 25, 2021 9:20am
Quoting MrBullBear
{quote} I don't expect big movement, a few pips up and down enjoying every move. {image}
The biggest possible move can happen tomorrow with the US GDP numbers. I am actually waiting for that. Today was not bad though, gold went down pretty good.
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  • #1,199,020
  • Aug 25, 2021 9:21am Aug 25, 2021 9:21am
bit of a wild ride here. The fact that it seems unable to reach the high of yesterday complete with a load of chop means a drop is on the cards.
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