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  • #1,210,141
  • Feb 10, 2022 9:37am Feb 10, 2022 9:37am
Quoting Waveskierrob
Can I just congratulate all those who went LONG
Show, where did you go long, what timeframe, let's see? Give us the reason, why did you go long and so on?
  • #1,210,142
  • Feb 10, 2022 9:41am Feb 10, 2022 9:41am
The dollar is getting hit hard.
Learn from your mistakes and march on.
  • #1,210,143
  • Feb 10, 2022 9:41am Feb 10, 2022 9:41am
Quoting Techanalyst
{quote} Show, where did you go long, what timeframe, let's see? Give us the reason, why did you go long and so on?
I didn't go long, just congratulated those who did
  • #1,210,144
  • Feb 10, 2022 9:43am Feb 10, 2022 9:43am
Took a sell last night which resulted in a 1:2.7RR. Not great compared to what I've become accustomed to (1:5 minimum). Oh well, it was the wrong time of day to trade this pair anyway, but the only time I'm really available to look for entries. Occasionally I find time during the day. Maybe I need to start getting up at 4am.

Quoting Techanalyst
{quote} There are things that work and they don't. It is not about trading "however" people want to. There is a reason why 90-95% people fail in trading and they keep coming back and blowing their hard working saved money. You either learn to trade/invest the right way or you don't, it is that simple. Some people are immune to a good advice. Retail trading pattern, trend lines, and so on, do not work, they never worked, and they never will work. Take a look all the youtube BS channels, with day trading, made up system that work "90%" of the time,...
I agree (mostly). Daytrading the traditional retail style is a dead end. That's been proven to me and I will never go back to it. The only YouTube trading videos I ever watch now are related to institutional/smart money strategies, based primarily around supply/demand and looking for liquidity. These strategies I find are infinitely more powerful than anything traditional retail. The difference is like comparing walking to flying. Daytrading works for that, because you look for extreme precision entries because you understand how mitigation works (from the institutional perspective) and ask yourself "is there any reason for the price to come back here?" This allows for insanely tight stop-losses. I do 1.5-2 pips these days, but the guy I learned from goes as low as 0.5 pips and trades on the seconds charts. It sounds insane but once you start getting used to then it becomes normal. I don't trade the seconds charts yet, because I haven't upgraded my Tradingview, but I do go as low as 1m/2m which is normal for me now. If you asked me a year ago if I would do that I would've thought you were insane. Anyway, with this you can target outrageous levels of RR. 1:20, 1:50, etc. Which is technically misleading, because unless you have balls of steel you will be partialling out along the way, but the net RR is still very high. Only drawback is you take a lot of -1s as well, but they all get absorbed and then some by the wins.
  • #1,210,145
  • Feb 10, 2022 9:44am Feb 10, 2022 9:44am
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Learn from your mistakes and march on.
  • #1,210,146
  • Feb 10, 2022 9:45am Feb 10, 2022 9:45am
Quoting Waveskierrob
{quote} I didn't go long, just congratulated those who did
Ok I have already explained why I am short on EURUSD many times. Now I will also show on 4 hour chart stop hunt/liquidity, so whoever went long this moment congrats, but it is best to close the trade. Top liquidity taking out from last week.
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  • #1,210,147
  • Feb 10, 2022 9:46am Feb 10, 2022 9:46am
lol
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,210,148
  • Feb 10, 2022 9:47am Feb 10, 2022 9:47am
Quoting Techanalyst
{quote} Ok I have already explained why I am short on EURUSD many times. Now I will also show on 4 hour chart stop hunt/liquidity, so whoever went long this moment congrats, but it is best to close the trade. Top liquidity taking out from last week. {image}
  • #1,210,149
  • Feb 10, 2022 9:50am Feb 10, 2022 9:50am
Quoting Bones
lol
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  • #1,210,150
  • Feb 10, 2022 9:52am Feb 10, 2022 9:52am
Quoting Waveskierrob
Can I just congratulate all those who went LONG
congratulate to all those who have held their LONGS ... myself i exited way too early ):
  • #1,210,151
  • Feb 10, 2022 10:07am Feb 10, 2022 10:07am
This that happened today is why I keep saying trading fundies in the short term is not worth it. Lagarde made empty promises and price shot up 183 pips in a single day. Now this is raw data from the US and price comes down and shoot up. What more proof is there? The UL increased rate and all price did was to whipsaw!

I shared this image earlier and it is the sole reason why price moves: it is called liquidity. If the fundamentals don't align price will not follow. Simple.
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  • #1,210,152
  • Feb 10, 2022 10:09am Feb 10, 2022 10:09am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,210,153
  • Feb 10, 2022 10:15am Feb 10, 2022 10:15am
I would advise anyone stay away from fabricators who build huge tall stories
not to mention one of the most deluded opinionated worst traders I've ever seen
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,210,154
  • Feb 10, 2022 10:15am Feb 10, 2022 10:15am
Quoting Mitiblotch
This that happened today is why I keep saying trading fundies in the short term is not worth it. Lagarde made empty promises and price shot up 183 pips in a single day. Now this is raw data from the US and price comes down and shoot up. What more proof is there? The UL increased rate and all price did was to whipsaw! I shared this image earlier and it is the sole reason why price moves: it is called liquidity. If the fundamentals don't align price will not follow. Simple. {image}
Despite what some might say, the previous week's candle gave the direction.
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Learn from your mistakes and march on.
  • #1,210,155
  • Feb 10, 2022 10:19am Feb 10, 2022 10:19am
Quoting here2there
{quote} Despite what some might say, the previous week's candle gave the direction. {image}
Yes. I perfectly knew it was a buy. Both EU and GU hence I was buying yesterday. I still bought EU now at 1469 and booked at 1486. Liquidity is all that matters in the short term. Fundamentals matter in the longterm. I am a short term trader.
  • #1,210,156
  • Feb 10, 2022 10:19am Feb 10, 2022 10:19am
Quoting fxpipper
took a sell last night which resulted in a 1:2.7rr. Not great compared to what i've become accustomed to (1:5 minimum). Oh well, it was the wrong time of day to trade this pair anyway, but the only time i'm really available to look for entries. Occasionally i find time during the day. Maybe i need to start getting up at 4am. {quote} i agree (mostly). Daytrading the traditional retail style is a dead end. That's been proven to me and i will never go back to it. The only youtube trading videos i ever watch now are related to institutional/smart...
daytrading yes if 4-5 scalps a day by 4 pips but holding longterm positions to catch 100p and more its no possible anymore.because fx now is only big boys dirty dancing to killing retails
  • #1,210,157
  • Feb 10, 2022 10:20am Feb 10, 2022 10:20am
break ?
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,210,158
  • Feb 10, 2022 10:20am Feb 10, 2022 10:20am
Quoting Mitiblotch
This that happened today is why I keep saying trading fundies in the short term is not worth it. Lagarde made empty promises and price shot up 183 pips in a single day. Now this is raw data from the US and price comes down and shoot up. What more proof is there? The UL increased rate and all price did was to whipsaw! I shared this image earlier and it is the sole reason why price moves: it is called liquidity. If the fundamentals don't align price will not follow. Simple. {image}
Retail traders are being crushed.
Like always.
  • #1,210,159
  • Feb 10, 2022 10:23am Feb 10, 2022 10:23am
Quoting Mitiblotch
{quote} Yes. I perfectly knew it was a buy. Both EU and GU hence I was buying yesterday. I still bought EU now at 1469 and booked at 1486. Liquidity is all that matters in the short term. Fundamentals matter in the longterm. I am a short term trader.
It was an obvious buy. But I was trying to catch a move down, thinking a deeper pullback would have occurred. Then the plan was to buy afterward. Well, that deep pullback obviously didn't pan out. I should have followed the weekly candle. I have learned a valuable lesson in this.
Learn from your mistakes and march on.
  • #1,210,160
  • Feb 10, 2022 10:23am Feb 10, 2022 10:23am
I feel like Weekly chart shows downward potential for next week? I think ya'll are arguing because none of you can see what the other sees, but both parties might be correct in the end

Maybe and hopefully hehe
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Trying my best.
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