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  • #147,681
  • Apr 12, 2022 2:25am Apr 12, 2022 2:25am
Quoting fxpipper
{quote} SL, what’s that? SL is 500 pips away! Seriously. I’m running a prop firm account which requires SL on every trade…but they don’t tell you where you have to put it, just that you have to have one or the system cancels the trade. So for small swing positions like this, where I need the trade to have extra breathing room, and also room to add on, I keep it far far away. For all intents and purposes there’s no SL, because I have a general idea of where price is going based on the market...
Oh wow thank you for such a detailed and informative answer fxpipper, what you said about breathing room and market structure really spoke to me, much appreciate you taking the time to reply so thoroughly
  • #147,682
  • Apr 12, 2022 2:34am Apr 12, 2022 2:34am
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  • #147,683
  • Apr 12, 2022 2:37am Apr 12, 2022 2:37am
Quoting mtako
resistance? Sell stop 1.08666 .08616 7 pipsSL
Good morning mtako, just re-reading your posts and digging the pictures have you still got that 8950 running from yesterday?
  • #147,684
  • Apr 12, 2022 2:39am Apr 12, 2022 2:39am
usdx bull survived this time but not enough, still to correct down to have this new bull set up, price below 100.13 breaks already and hold may signal
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #147,685
  • Apr 12, 2022 2:40am Apr 12, 2022 2:40am
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This is how I see the week ahead. (NOT in a straight line of course, BUT the IDEA of HIGH and LOW of the week and the approx. levels)
  • #147,686
  • Apr 12, 2022 3:20am Apr 12, 2022 3:20am
Hey all!
today CPi News I think will be very bad so I take more risk longing extra this pair from here and will add some more under till 1.0850-40 when comes there, I already have some longs from this area, have a nice day, later
People don't plan to lose. They lose because they don't plan.
  • #147,687
  • Apr 12, 2022 3:30am Apr 12, 2022 3:30am
Quoting ScalaFX
Hey all! today CPi News I think will be very bad so I take more risk longing extra this pair from here and will add some more under till 1.0850-40 when comes there, I already have some longs from this area, have a nice day, later
same still got my longs from Friday 1.08440
  • #147,688
  • Apr 12, 2022 3:32am Apr 12, 2022 3:32am
Quoting NickyK
{quote} Good morning mtako, just re-reading your posts and digging the pictures have you still got that 8950 running from yesterday?
Morning NickyK! It got stopped out but I re-entered at that level with a set of trades that I could permit myself to take thanks to the conditions at the time, that level having become the high of range, etc.
I will elaborate a bit more.
My yesterday's last 5 shares were very close to each other. It probably seemed to be of higher risk, but it was not. My entries were of the same setups as others, but adapted to that tightening range. I could get in so much more with no more risk because of how tight the range got, but what permitted me to hold on to them long enough was the late coming back of the widening range + quality of ranging mode on that scale + at the same moment that the quality of the 15min-30min sustained momentum buildup + >1H downtrend quality.

Importantly, the second the range grows, the risk grows and, at the moment the 30m had growing range+volatility again(I use mainly widening of keltner channel ant atr for this), my SLs were set at BE. Thankfully, in this case, my best case scenario happened and my
Quoting mtako
{quote}.... Sold here 08929
Quoting mtako
sell stop 08919 08902. What are you doing?!
Quoting mtako
Sell stop 088876 . Never too late to definitely close that weekend gap
Quoting mtako
I forgot ! Last but not least, sell stop 08850. Most of these tiny range entries sometimes hide great potential. Not often, and probably not now, but lets see.
could all survive. Rarely happens and, I have to manage some positions in anticipation that the any of >1H momentum stays steady enough and saves them. So far so good, but still too early. A quite natural 1H pullback could just as well take them out. That level needs to say <55 for more chances of survival, in my view...

Anyhow, still have yours? Cheers NickyK!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #147,689
  • Apr 12, 2022 3:51am Apr 12, 2022 3:51am
Quoting ScalaFX
Hey all! today CPi News I think will be very bad so I take more risk longing extra this pair from here and will add some more under till 1.0850-40 when comes there, I already have some longs from this area, have a nice day, later
some news just to trigger some predetermined direction (usually correction for dominating trend)
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #147,690
  • Apr 12, 2022 3:54am Apr 12, 2022 3:54am
Quoting andvk74
{image} This is how I see the week ahead. (NOT in a straight line of course, BUT the IDEA of HIGH and LOW of the week and the approx. levels)
How to read this:
pair respecting technical this period
there is a very clear single point that has been hit 3 times!
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f
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #147,691
  • Apr 12, 2022 4:04am Apr 12, 2022 4:04am
Yesterday, I was anticipating, in light of the trend's quality, an early enough drop before the cascade of news, Just in case it would drop enough to diminish the chances of any dancing volatile news wicks affects. It helped to safely gather a few surviving trades, 8 new shorts yesterday and 4 today. I lost a lot, especially at BE, and worked extra, closed a couple at usual TP to cover most losses. Sometime it works, sometime it doesnt but, on the long run, it is worth it. This time I am hopeful for my >09 ! Important to be careful when determining the right time to do it of course. Easier said than done!
So, it was a crazy rare day for my trading and also for my sharing. For those of you that have been negatively impacted by it, please accept my deepest apologies. And don't worry, today there will be none of all of that, and my wrist will also be happier along with you!
Quoting NickyK
{quote} Good morning mtako, just re-reading your posts and digging the pictures have you still got that 8950 running from yesterday?
In case it could help, here is where It happened, with my heads up about it probably becoming high of range level, at least till Asian:
Quoting mtako
{quote}{quote}Can you believe this one survived while my 7pts lower SL, for my 0895 trade, got stopped at BE ? As I explained earlier, probability got too high it was getting into ranging, hence here the probable top... As crazy as that sounds, it could just as well end the day right in this range's lows <0880. Yes, you guessed it right, I am at this very moment, sleep trading. Works out great when price moves far enough when news comes and no wicks counter-trend happen. So we'll need an Asian miracle....
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #147,692
  • Edited 4:17am Apr 12, 2022 4:05am | Edited 4:17am
Quoting mtako
{quote}Morning NickyK! It got stopped out but I re-entered at that level with a set of trades that I could permit myself to take thanks to the conditions at the time, that level having become the high of range, etc. I will elaborate a bit more. My yesterday's last 5 shares were very close to each other. It probably seemed to be of higher risk, but it was not. My entries were of the same setups as others, but adapted to that tightening range. I could get in so much more with no more risk because of how tight the range...
Thanks for explaining your play mtako, I need to dissect your explanation fully because their is definitely gems in there, I haven't taken a Eur/Usd in few weeks now, I tried day trading on and off for just over 2 years with very limited success, my brain just isn't wired right for day trading day trading for me personally required a skill set I lack, I'm envious of anyone who can handle that constant pressure, I swing trade using tech/fundamental, the slower pace I found just fitted me better, I find with swing trading I could "see"?! fundamentals analysis, my mind needs to at least attempt to understand why the market moves up or down other than relying on technicals/price action alone, I just can't seem to trust my technical analysis without using fundamentals....damn I wish I could explain myself better
  • #147,693
  • Apr 12, 2022 4:36am Apr 12, 2022 4:36am
Buy EU at 1,0867
No SL and TP.
  • #147,694
  • Apr 12, 2022 4:41am Apr 12, 2022 4:41am
Quoting Macd-rsi
{quote} How to read this: pair respecting technical this period there is a very clear single point that has been hit 3 times! {image} f
IMO, the things that MOST traders use (from books) they will form to TRAP the traders and after that the market will do JUST THE OPPOSITE and take their stops.
  • #147,695
  • Apr 12, 2022 4:44am Apr 12, 2022 4:44am
I expect the market to retrace to the green zone BUT without taking out yesterday's LOW, before going UP.
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  • #147,696
  • Apr 12, 2022 4:45am Apr 12, 2022 4:45am
Posting from phone but my thesis is that we will see a eu bounce to above 1.1 in the coming 1-2 weeks.

People point out the US CPI, I think if it's high, it will have an immediate impact which will cause S L hunting, but by the end of the session, eu will go up to a higher position.

No matter how high inflation will be in the US, it will be higher in Europe.
  • #147,697
  • Apr 12, 2022 4:52am Apr 12, 2022 4:52am
On the LEFT is the DXY
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  • #147,698
  • Apr 12, 2022 4:52am Apr 12, 2022 4:52am
Quoting Starcraftmaz
Posting from phone but my thesis is that we will see a eu bounce to above 1.1 in the coming 1-2 weeks. People point out the US CPI, I think if it's high, it will have an immediate impact which will cause S L hunting, but by the end of the session, eu will go up to a higher position. No matter how high inflation will be in the US, it will be higher in Europe.
Yes, we can see typical SL hunt before direction change, thats normal so for buyers decent SL is needed, cheers!
People don't plan to lose. They lose because they don't plan.
  • #147,699
  • Apr 12, 2022 4:56am Apr 12, 2022 4:56am
My MAIN setup on the left is the EUR (top) and DXY (bottom) the other 2 instruments are "THE SECRET" but as you can see, they're EXACTLY like TWINS. How can this exist?
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  • #147,700
  • Apr 12, 2022 5:15am Apr 12, 2022 5:15am
Quoting andvk74
My MAIN setup on the left is the EUR (top) and DXY (bottom) the other 2 instruments are "THE SECRET" but as you can see, they're EXACTLY like TWINS. How can this exist? {image}
I hv noticed the juxtaposition of chart patterns btn the dxy and EU. Even th harmonic paintings its the same. Hope it's time fr a reversal. Iam tempted to go long
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