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  • #141,901
  • Nov 8, 2021 9:11am Nov 8, 2021 9:11am
Quoting majorpairs
{quote} powell in 30 minutes, dont enter the market now ))
While I agree with you it really shouldn't matter.

Let's face it folks we KNOW what he's going to say - the same old lines....transitory inflation...data dependent....firmly support the USD....yadda yadda yadda...

Right now it's risk on and USD "should be falling" but ...
...because you never know - until you do!
  • #141,902
  • Nov 8, 2021 9:20am Nov 8, 2021 9:20am
Quoting Austyno
{quote} yes, i still think we will get there
And we are finally there, sell limit at 1.15894 activated
Risk comes from not knowing what to do
  • #141,903
  • Nov 8, 2021 9:24am Nov 8, 2021 9:24am
For me all the same.. Waiting with 2 long orders currently under drawdown.. I do nothing.. I touch nothing..
Focus only on what truly matters!
  • #141,904
  • Nov 8, 2021 9:25am Nov 8, 2021 9:25am
Quoting Austyno
{quote} And we are finally there, sell limit at 1.15894 activated
Good luck
  • #141,905
  • Nov 8, 2021 9:29am Nov 8, 2021 9:29am
Quoting Ata-Turkoglu
For me all the same.. Waiting with 2 long orders currently under drawdown.. I do nothing.. I touch nothing..
what price levels ?
  • #141,906
  • Nov 8, 2021 9:32am Nov 8, 2021 9:32am
im not selling until 1.17 at least
  • #141,907
  • Nov 8, 2021 9:39am Nov 8, 2021 9:39am
My system told me to sell so I had to. Short from 1.15892 but I am giving this a generous stoploss of 50 pips.
  • #141,908
  • Nov 8, 2021 10:03am Nov 8, 2021 10:03am
Quoting fafnir
My system told me to sell so I had to. Short from 1.15892 but I am giving this a generous stoploss of 50 pips.
Can I ask a question? Why a stop loss of 50 pips? I'm curious as to why people choose their stops

- how much can I "lose"

- S&R levels

- fib levels

- round numbers

- because I want it there....
...because you never know - until you do!
  • #141,909
  • Nov 8, 2021 10:08am Nov 8, 2021 10:08am
Quoting majorpairs
{quote} what price levels ?
1.1625 and 1.1664..
Focus only on what truly matters!
  • #141,910
  • Edited 11:10am Nov 8, 2021 10:12am | Edited 11:10am
Quoting fxsport
{quote} Can I ask a question? Why a stop loss of 50 pips? I'm curious as to why people choose their stops - how much can I "lose" - S&R levels - fib levels - round numbers - because I want it there....
For me it's based on the ATR and the amount of money I am willing to risk which will determine my lotsize. I don't risk more than 5% of my acc for a trade and I don't also loose more than 5% of my acc at once
Risk comes from not knowing what to do
  • #141,911
  • Nov 8, 2021 10:16am Nov 8, 2021 10:16am
Quoting fxsport
{quote} Can I ask a question? Why a stop loss of 50 pips? I'm curious as to why people choose their stops - how much can I "lose" - S&R levels - fib levels - round numbers - because I want it there....
I base my stops on my account size. I dont want to loose more than 1-2% of account per trade. The 50 pips represent 1% of my account when calculating Lot size.
  • #141,912
  • Nov 8, 2021 10:25am Nov 8, 2021 10:25am
Just closed the trade, weak PA is the reason with +2.4 pips. Also getting close to London close and I do not trade after London closes.
  • #141,913
  • Nov 8, 2021 3:03pm Nov 8, 2021 3:03pm
Quoting shay14
im not selling until 1.17 at least
Agree!
1,1620 is a must.
1,1690 will be interesting.
  • #141,914
  • Edited 10:22pm Nov 8, 2021 9:25pm | Edited 10:22pm
Quoting Ata-Turkoglu
{quote} 1.1625 and 1.1664..
ECOFIN meeting will drive EU to this level but risk imposed as EU- UK post -Brexit talk. but wait to enter long at 1.157x-6x only as supply bottleneck made EU trade balance and CA worsen as expected!
  • #141,915
  • Nov 8, 2021 11:39pm Nov 8, 2021 11:39pm
Good day guys, seems that bulls mean business for the week, just keep buying the dip till Friday and possibly next week.

Happy trading
  • #141,916
  • Nov 9, 2021 1:03am Nov 9, 2021 1:03am
We have a BAT here.
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  • #141,917
  • Nov 9, 2021 3:09am Nov 9, 2021 3:09am
Just an UPDATE.
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  • #141,918
  • Nov 9, 2021 3:20am Nov 9, 2021 3:20am
Quoting bigiivan
{image}
We continue
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  • #141,919
  • Nov 9, 2021 3:25am Nov 9, 2021 3:25am
Based on H1, bulls have to keep it above 1.1582 for quick continuation.. Otherwise, we probably will have a delayed continuation..
Focus only on what truly matters!
  • #141,920
  • Nov 9, 2021 3:33am Nov 9, 2021 3:33am
I see this area as a LOW of the day today
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