EURUSD

It may visit above 1.39, no patience to wait it?

so what happen to your strategy of keep shorting with a 30 pip SL ?

Well I am going to confess something because this will only help me to realize about myself and my trading style. EU has put me in a headspin I have posted setups here reversal oppertunities and blah blah blah.
I appologize for even attempting to say why its going here or there when I have absolutely no fricking clue.

I have had a major wake up call and I believe this is what is setting me the distance from becoming a completely successful trader. You can draw fibs, you can draw pivots, you can draw supply and demand lines. By all means if this is the case and you use these tools (I am speaking for myself to myself) then use them for trend continuation point. LMFAO *duh* aha moment

Conclusion. I have found that I have been trying to catch reversals and rejections (countertrend.)

I have been watching asain session and ny sessions and they either do one of 2 things, they are either buying the session up or selling the session down.

Asians have been selling in continuing of the trend (I made some money back adhering to this from the money I lost when trying to counter trend trade)

My point is - I see why people fail and its because they are always trying to pick top's and bottoms' (double tops, double bottoms, tripple t's b's, H&S on chart and what nots...)

when market is clearly rising just buy the damn thing, when market is selling just sell the damn thing, ensure money management for some draw down because you will never get the perfect entry.

I am never going to try to pick top's and bottom's again, I will identify the overall trend, see a decent pullback entry and take that rout (Unless I am scalping).

I saw trend movements I would be up 200+ pips per trade, why do I hesitate to do those when I see them - Because I have a mind and its natural for me to think I am smart because the market does not have a brain. Well the people behind the market do and they buy when market rises and sell when it declines.

SOrry to rant and rave, I am completely humbled as of this week. I lost some , made some, and lost some more. *shaking my head*

I pray this is my wake up call and I pray this can help someone else out. I know it sounds like it belongs in the noob section and I will probably end up posting this there for them.

EU I will not let you throw me in a head spin anymore.

It came exactly where expected,
still waiting to form reversal PA on h4

Peter

US equities in + just matter of time?

Not happening

okay final trades were taken out @3834 for the 100. Nice little bull run since the last drop to 3733 yesterday taking out the subltl along the way. Current price is facing resistance at the W1 pvp. If price continues to surge, 4025 will be the next target. Else, we drop back to yesterday's support to retest. No weakness in sight yet, so taking short here atm is a bit of a gamble imo.

good luck to all.

btw, malcolm nailed it with 3900 test today. nice one mate

A lesson learned is a valuable lesson. Good trading to you and keep studying this market. Trend is your friend.

Good trading to you!

brilliant strategy but like everything in life it comes down to execution and faith.

looking at 4 hour time frame and this market seems to be going back up to 4000.

maybe i should be looking for dips to buy.

was hoping for extra 4 pips to short with full position but PA and targets for this up move have been met . if it went more i would add but it didn't .
so I stuck with that half position .

I don't think you will see higher easily .

ofcorse this is the market and its forex and anything can happen . specially when we fight the trend .

I don't hope for more than 3860 and i am out .

its extreme up no weak signals whatsoever .
only on 5m chart ! and up target achivement on hourly !

so 30-40 pips down and I am out , this thing can range all NY session . or even push higher
if anything else happens we will see it and act on it .
that's what i see so far .

Why eu is not affected by us jobless claim report...?

Thank you pippen I see why its hard, By nature we lived by what goes up must come down and visa versa,

While this is true esp in the fx market this coming down part and going up part are the pullbacks. Unless it is a major reversal.

Fundamentals are built into the chart

Irish bank notes and US FED

Sounds like you have just 'seen the light'

Trading is not difficult, we make it much harder than it is. Price is generally going 1 direction, up or down. Just be on the right side of it.

You're not the only one to loose at this game. Trust me. I think this post is great. Hopefully, some people will learn something from it before driving their account to 0 ...

Thanks.

thank you I do have one last trade and I am with this bigger trend short but I did not wait for rejection which was stupid so I got stopped out of my short then shorted again at the pause on a psych level. There is resistance here if it is not broken the tren will continue so this is the only reason I am holding onto my trade, if this is the case then...I Pray I can atleast confirm that I was on the right side of the trend and I am going with the overall sentiment and I will make all the money back which I lost.

we are in a range. yesterday was a dip buying day.
and today open morning.

no you either play the range and sell or just wait for a better price.

wkly pivot is here. buy for what ? bad R/R here

imho

It was, there was a reaction to the news.

forgot to mention, market goes sideways ... and the MOFU zone, and the fake outs, and the not to trade on Fridays and Mondays ... other than that piece of cake but expect bad days in the office from time to time.