The Swamp | Page 6007 | Forex Factory

Options

Go to
Permalinks
Print Thread
Attachments: The Swamp
Exit Attachments

The Swamp

  • #120,121
  • Dec 31, 2024 11:23am Dec 31, 2024 11:23am
Quoting LoneTrader1
{quote} I tried entered too early but risk was low so doesn't matter
It always matters.. If you wait.. a smaller position has less risk. With more potential reward. This is a science.. You have to measure each gram.
those who can, do. those who cant, talk about those who can
  • #120,122
  • Dec 31, 2024 11:26am Dec 31, 2024 11:26am
Quoting gatorinla
{quote} The moral of the story is. FOMO is killing traders rewards. We all get mad when it misses an entry by 1 pip. Stop getting in a trade until whatever your using is reached. Don't get in early with a feeling. Let the trade come to you..The stop loss are less if you wait
That's why I use dynamic risk with multiple entries. Most traders including me can't identify such precise entries like you.
  • #120,123
  • Dec 31, 2024 11:31am Dec 31, 2024 11:31am
If .6622.9 is a magnet. And you want to short to it. The greater potential if when its (random number) 60+ pips.. (yeah its not exact, 100 pips may be too far) When its away, at a R. And it appears to be topping.. That's the best potential trade toward the attractor. Most day each pair has a setup. Often several a day.
those who can, do. those who cant, talk about those who can
  • #120,124
  • Dec 31, 2024 11:36am Dec 31, 2024 11:36am
Quoting LoneTrader1
{quote} That's why I use dynamic risk with multiple entries. Most traders including me can't identify such precise entries like you.
Yes you can. if you use a 200.. use it.. No FOMO early. Fomo puts us in trades early. Because we are afraid of missing it. The 5 or 10 pips getting in early would better be used to pad the stop loss. If we concentrate on losing less. The reward grows that much. As much as the s/l shrinks, the risk shrinks..
those who can, do. those who cant, talk about those who can
  • #120,125
  • Dec 31, 2024 11:45am Dec 31, 2024 11:45am
Quoting LoneTrader1
USTECH may be doing another dump to the yellow zone... Just a guess {image}
Finally
Attached Image (click to enlarge)
Click to Enlarge Name: USTECH44.png Size: 32 KB
  • #120,126
  • Dec 31, 2024 11:50am Dec 31, 2024 11:50am
Not a good time to play.. Most people want some volume.. The support may not be affected too much at 6694. I find those often hold with a 10 pip stop on majors.. EA probably more would be needed. A new month will start Thursday's trading. So it may allow the a rise or not.. That may hold the first few hs Thursday. Things may be better Tuesday.. Happy New Year..
those who can, do. those who cant, talk about those who can
  • #120,127
  • Dec 31, 2024 11:55am Dec 31, 2024 11:55am
Quoting LoneTrader1
{quote} Finally {image}
good
I would like to trade index... But Its just too much if trading multiple forex pairs. I got a futures account I rarely trade
those who can, do. those who cant, talk about those who can
  • #120,128
  • Dec 31, 2024 12:03pm Dec 31, 2024 12:03pm
Quoting gatorinla
{quote} good I would like to trade index... But Its just too much if trading multiple forex pairs. I got a futures account I rarely trade
Mostly I trade US indices especially USTECH and US30.
  • #120,129
  • Dec 31, 2024 12:24pm Dec 31, 2024 12:24pm
Quoting gatorinla
{quote} good I would like to trade index... But Its just too much if trading multiple forex pairs. I got a futures account I rarely trade
The way you trade Fx pairs with good entries, tight SL high R:R that's impressive
  • #120,130
  • Dec 31, 2024 12:55pm Dec 31, 2024 12:55pm
uj hit
157.17
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 5 KB
those who can, do. those who cant, talk about those who can
  • #120,131
  • Dec 31, 2024 12:56pm Dec 31, 2024 12:56pm
Quoting LoneTrader1
{quote} The way you trade Fx pairs with good entries, tight SL high R:R that's impressive
A lot of pairs are at atr.. They may run to LC. If you have a set anchor s/r to stop loss. You can get an X to tp LC.. If all looks good.
those who can, do. those who cant, talk about those who can
  • #120,132
  • Dec 31, 2024 1:48pm Dec 31, 2024 1:48pm
EU Yearly chart this was/is some level...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_2025-01-01_00-43-44.png Size: 19 KB
  • #120,133
  • Edited 4:45pm Dec 31, 2024 4:30pm | Edited 4:45pm
EU 2025 pivots
The close was between PP and S1
First 6 month 2025
Q1 2025
The close is near center pp and S1 on all of these
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 18 KB
Click to Enlarge Name: screenshot.png Size: 17 KB
Click to Enlarge Name: screenshot.png Size: 18 KB
those who can, do. those who cant, talk about those who can
  • #120,134
  • Jan 1, 2025 12:08am Jan 1, 2025 12:08am
Quoting LoneTrader1
EU Yearly chart this was/is some level... {image}
The 6mth S2 is 0342. PA was stopped in this drop here. It has now expired with this year close.
Attached Image (click to enlarge)
Click to Enlarge Name: PP MID YR 2024.png Size: 21 KB
those who can, do. those who cant, talk about those who can
  • #120,135
  • Edited 12:24am Jan 1, 2025 12:11am | Edited 12:24am
Quoting gatorinla
{quote} The 6mth S2 is 0342. PA was stopped in this drop here. It has now expired with this year close. {image}
Now it can fall to 1.0052, or rise to 1.0633ish.. The 1.0343 center of these is near the current price. This is very close to the 2024 year close. 1.0352.7.


This current 0343 area can launch pa 300 pips either way. A average month is 340 pips. That leaves room for -+ 40 pips either side of the close. That may be a false move. The first 40 pips in one direction, can turn 180 degrees. And fit January's average of 340 pips between the pp and s1.
Attached Image (click to enlarge)
Click to Enlarge Name: pp first 6mth 2025.png Size: 17 KB
those who can, do. those who cant, talk about those who can
  • #120,136
  • Jan 1, 2025 12:37am Jan 1, 2025 12:37am
Quoting gatorinla
{quote} Now it can fall to 1.0052, or rise to 1.0633ish.. The 1.0343 center of these is near the current price. This is very close to the 2024 year close. 1.0352.7. This current 0343 area can launch pa 300 pips either way. A average month is 340 pips. That leaves room for -+ 40 pips either side of the close. That may be a false move. The first 40 pips in one direction, can turn 180 degrees. And fit January's average of 340 pips between the pp and s1. {image}
1.0386 is near 40 pips from the close. The support may turn into R. If rejected there, the support at 1.0347 may break. The old s2 support at 0342 is now expired.. So it could fall to the new S1 1.0050ish
1.0050 is near 1.0.. From 1.0050 it could bounce back to this current area. It may even hit 1.06xx pp, and drop again.. Either 1.06xx, or 1.0050 looks to be next..
I dont matter to me. I will be playing whatever direction. But knowing these I may be willing to hold some longer
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 7 KB
those who can, do. those who cant, talk about those who can
  • #120,137
  • Jan 1, 2025 12:50am Jan 1, 2025 12:50am
Quoting gatorinla
{quote} 1.0386 is near 40 pips from the close. The support may turn into R. If rejected there, the support at 1.0347 may break. The old s2 support at 0342 is now expired.. So it could fall to the new S1 1.0050ish 1.0050 is near 1.0.. From 1.0050 it could bounce back to this current area. It may even hit 1.06xx pp, and drop again.. Either 1.06xx, or 1.0050 looks to be next.. I dont matter to me. I will be playing whatever direction. But knowing these I may be willing to hold some longer {image}
The Q1 is a little smaller than this quoted one.
Just 25 pips on the edges smaller
It uses the same 1.06xx area, and the 1.00xx=ish area. The center is near identical.. The center is near the current level.
So much so. A year gap open below 0342/43, would be of little surprise
The last FOMC was usd positive. I lean to that carrying pa to 1.0050/75.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 21 KB
those who can, do. those who cant, talk about those who can
  • #120,138
  • Jan 1, 2025 2:24pm Jan 1, 2025 2:24pm
RIP victims on Bourbon Street. https://www.earthcam.com/usa/louisia...oogle_vignette
https://www.google.com/search?q=bour...vTJTNeXOY,st:0
those who can, do. those who cant, talk about those who can
  • #120,139
  • Jan 1, 2025 2:41pm Jan 1, 2025 2:41pm
Quoting gatorinla
RIP victims on Bourbon Street. https://www.earthcam.com/usa/louisia...oogle_vignette https://www.google.com/search?q=bour...vTJTNeXOY,st:0...
The yellow multiple victims tags are still on the street. About 1h ago they had not picked all the victims up.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 214 KB
Click to Enlarge Name: screenshot.png Size: 129 KB
those who can, do. those who cant, talk about those who can
  • #120,140
  • Jan 1, 2025 9:49pm Jan 1, 2025 9:49pm
Quoting gatorinla
{quote} 1.0386 is near 40 pips from the close. The support may turn into R. If rejected there, the support at 1.0347 may break. The old s2 support at 0342 is now expired.. So it could fall to the new S1 1.0050ish 1.0050 is near 1.0.. From 1.0050 it could bounce back to this current area. It may even hit 1.06xx pp, and drop again.. Either 1.06xx, or 1.0050 looks to be next.. I dont matter to me. I will be playing whatever direction. But knowing these I may be willing to hold some longer {image}
The 40 pips is just using the average as a guide. Had it tested 386 earlier I would of shorted. Day trading wise 0418 May resist.. 0347 may support. PA atm is between these two.. 382ish it between the 2. The attraction 0354/55..

0418R can fall back to 0354/55.. That's the trade I will take. If it falls below 0347 sustained it may continue. but the attraction to 354 may bring it back.
For my purposes I like to control risk. 0686 may be ok for a swing trader with the FOMC release as a s/l About 100 pips. For me a hybrid swing/scalp maybe 0418 with a 10ish pip stop.
See chart
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 10 KB
those who can, do. those who cant, talk about those who can
402 traders viewing now, 1 is registered:
99karian