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EURUSD only 181,098 replies

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Trading EURUSD only

Quoting EuroTraderJD
Been there and done that too bro on thinking one thing and doing another. I learned that expensive lesson and that is how I got 3 of my 9 loses in 18 months. What I do now is take a sec or two and confirm what I am doing. The amount of missed pips is nothing compared to WTF did I do? Your long should be OK but I dont know if you used a SL or not.
NO SL on my deals bro. I've read somewhere that PA tend to hit SL and then move the correct way. Made a note there and now I watch the marker instead of putting SL.
Mind you, my first name is Bad. ..."Nunc Id Vides, Nunc Ne Vides"...
Hey Steve, good trade, I was in the same boot, made some nice green ones.
Keep going with your system, looks great.
Quoting sypherBG
NO SL on my deals bro. I've read somewhere that PA tend to hit SL and then move the correct way. Made a note there and now I watch the marker instead of putting SL.
I couldn't agree more. I'd swear that if I really wanted to "move Mr. Market", all I'd have to do is place a trade, put in my SL and then watch it move inexorably towards the SL price!!
Stops are great for scalping or 100+ pip shakeouts. Most people do not know really what a stop hunt really is. It takes years of staring at charts to really know what it is to be a stop hunt. Most people will say well hey I put my sotp 30 pips away from my entry why do I get stopped out and then it goes my way. That is because the big dog's know where value and supply areas are and ameteurs don't use proper leverage for adequate stop losses. If you cut your trade in half and double your sl size you will notice you can get in a much longer (swing trade).
Know when to hold em, Know when to fold em!
Hi JD, had your morning cuppa yet? Actually rode that sweet wave a bit longer until it hit 09 and i pulled off. But as you say, a profit any profit leaves you in a position to trade another day.
Quoting EuroTraderJD
Good call on closing out the longs. I got into the office and saw how Ms Market decided to take a southerly drive. There is no shame in taking a profit ANY profit. My thought is you can ALWAYS re enter at the same or better level.
Good morning all,
as anticipated yesterday Scenario 1 is playing out, so I would be very careful selling the EUR/USD. Not until we get into the 1.3340-60 area. At that point a retrace into the 1.3140 area is possible.

Have a great day.
Good luck.

Quoting fibstalker
... I want to remind you all my latest reviews on the Euro FX currency futures I made before leaving: post #6524356 and in my newsletter (last one sent on March 17th). This is my up to date view of the Euro (daily chart)....
Scenario 1. The Euro is not likely to offer a throw-back at this stage and it is very possible that will just continue generally higher into the 1.3360 area (and higher) before we get a sensible correction. Such a move downwards could bring...
"markets traded by programs/HFT offer a significant trading edge..."
Couldn't agree more.It's all down to the leverage and how much of your account you place on a trade. Even thought I have only been doing this for less than 6 months, I have come to realize that if you study and place your bets on strategic positions, it will eventually come back to justify your position even though it may first swing in the opposite direction. But because of the SL,s you end up loosing everything. I guess my point would be, if you are risking 20%-30% of your account, you better be right most of the time. I learnt this the hard way and I'm now picking up new strategies and experience as I continue.
I risk about 3% personally and can go hours in the wrong side of a trade without hitting my SL, I just have to be patient and wait and wait and wait until i'm in some + zone.

Quoting goods
Stops are great for scalping or 100+ pip shakeouts. Most people do not know really what a stop hunt really is. It takes years of staring at charts to really know what it is to be a stop hunt. Most people will say well hey I put my sotp 30 pips away from my entry why do I get stopped out and then it goes my way. That is because the big dog's know where value and supply areas are and ameteurs don't use proper leverage for adequate stop losses. If you cut your trade in half and double your sl size you will notice you can get in a much longer (swing...
There is something @ 1.31345 that i don't see but it pushes price down and it pisses me off

That long went my way, I'll put SL to lock +10 and let it ride so I can focus on PHP projects.
Mind you, my first name is Bad. ..."Nunc Id Vides, Nunc Ne Vides"...
Quoting sypherBG
There is something @ 1.31345 that i don't see but it pushes price down and it pisses me off That long went my way, I'll put SL to lock +10 and let it ride so I can focus on PHP projects.
previous high on 3/8/13
EU very complex on EW right now, stepping away to exercise and come back with a clear mind...right now too many emotions attached. Good luck all, see you in a few, probably will start my scalping early before weekend. Ciao!
Quoting Pilager
Couldn't agree more.It's all down to the leverage and how much of your account you place on a trade. Even thought I have only been doing this for less than 6 months, I have come to realize that if you study and place your bets on strategic positions, it will eventually come back to justify your position even though it may first swing in the opposite direction. But because of the SL,s you end up loosing everything. I guess my point would be, if you are risking 20%-30% of your account, you better be right most of the time. I learnt this the hard...
you know it is funny, I remember saying to myself when I started trading: Oh man I knew it was going to go in my direction if I would have just waited one more day...

Problem is I desire to swing and long term trade, I can not scalp due to work so I am on the poor mans regemine, however I have learned to capture lot's and lot's of pips. I simply changed up my formula:

1. Instead of trading .05 lots start trading .02 lots
2. Instead of doing 30 pip sl's do 100 pip sl's
3. Have patience. Patience is a virtue.
This is where i find the 95% successful trading happens with this type of MM

if I were to scalp that is a different story, I could scalp 10 pips every trade easily, this is such cake but unfortunately when the market moves during day I am not able to watch it.
Know when to hold em, Know when to fold em!
Quoting Pilager
Couldn't agree more.It's all down to the leverage and how much of your account you place on a trade. Even thought I have only been doing this for less than 6 months, I have come to realize that if you study and place your bets on strategic positions, it will eventually come back to justify your position even though it may first swing in the opposite direction. But because of the SL,s you end up loosing everything. I guess my point would be, if you are risking 20%-30% of your account, you better be right most of the time. I learnt this the hard...
Many very professional traders would say never risk more than 1 or 2 per cent a trade. I may be rather more aggressive than that but it sometimes goes very wrong.


Remember: If you lose 20% of an account you have to earn 25% to get back to the original position!


I notice Steve Walker in the table at top of this page is taking very big risks, but in fairness let's accept that he usually knows what he is doing, he is trading with discipline, lots of trades every week, and he also puts in long hours. It would be unwise for anyone with short of 2 or 3 years' good experience to take those kinds of risks. Bearing in mind 95% of traders pack up or blow their own accounts I suggest the main priority is to preserve capital! Even if there are experts who can double their capital more than once a month, please compare this trading with putting money in any other investment, and tell me what kind of investments eg in a basket of shares, or in property, return more than let's say 10 per cent in a year??????


Good luck with your trading
Excersice goes very good with this job, or actually it is necessary. Long tens hours in front of screen is bad for the health and the thoughts. Just got back from workout, and as they say "excersise is food for the mind". Now the charts look so much clearer
Quoting MeInGraySuit
EU very complex on EW right now, stepping away to exercise and come back with a clear mind...right now too many emotions attached. Good luck all, see you in a few, probably will start my scalping early before weekend. Ciao!
Hi Wiseambition
I used to be more agressive, lost some money, learned lesson, went to a totaly different moneymanagement.I never risk more then 2%, and that takes away a lot of the stress, there will always be bad trades, but since I have more good then bad trades I know I will make up for the lost trades, and I always give myself time to make up bad days, sometimes it takes a day or two to get back to even, but patience is the name of the game.

Steves mirrored account on top is a micro account, I do not think he trade he's main account with same leverage.
Quoting wiseambition
Many very professional traders would say never risk more than 1 or 2 per cent a trade. I may be rather more aggressive than that but it sometimes goes very wrong. Remember: If you lose 20% of an account you have to earn 25% to get back to the original position! I notice Steve Walker in the table at top of this page is taking very big risks, but in fairness let's accept that he usually knows what he is doing, he is trading with discipline, lots of trades every week, and he also puts in long hours. It would be unwise for anyone with short of 2 or...
TA from TC

EUR/USD intraday: further advance. Pivot: 1.3065

Our preference: Long positions above 1.3065 with targets @ 1.316 & 1.32 in extension.

Alternative scenario: Below 1.3065 look for further downside with 1.303 & 1.2995 as targets.

Comment: the RSI has just landed on its neutrality area at 50% and is turning up.

Key levels
1.323
1.32
1.316
1.31263 last
1.3065
1.303
1.2995


Ticker : EUR
http://www.tradingcentral.com/chart/...3411183627.GIF
Quoting morob
TA from TC EUR/USD intraday: further advance. Pivot: 1.3065 Our preference: Long positions above 1.3065 with targets @ 1.316 & 1.32 in extension. Alternative scenario: Below 1.3065 look for further downside with 1.303 & 1.2995 as targets. Comment: the RSI has just landed on its neutrality area at 50% and is turning up. Key levels 1.323 1.32 1.316 1.31263 last 1.3065 1.303 1.2995 Ticker : EUR {image}
thanks bro, but i will not be surprised to see 1.4 soon !?
EurUsd has reacted in an exemplary manner on the 61.8% of Fibonacci retracement of the bull market 1.204 – 1.372, returning above the 200-days moving average of 1.29. But now we need to overcome the harder obstacle, the 85-days moving average of 1.317 that has been a support for the whole uptrend and which should now automatically become a difficult to overcome at the first attempt resistance. Let’s always remember that last week EurUsd was the protagonist of a weekly bullish engulfing pattern which effectively stopped the fall, but above all, has shown us how 1.2750 is the key support for the future of EurUsd. Above 1.317 long on EurUsd without a doubt!
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1st post

Quoting elisab
EurUsd has reacted in an exemplary manner on the 61.8% of Fibonacci retracement of the bull market 1.204 – 1.372, returning above the 200-days moving average of 1.29. But now we need to overcome the harder obstacle, the 85-days moving average of 1.317 that has been a support for the whole uptrend and which should now automatically become a difficult to overcome at the first attempt resistance. Let’s always remember that last week EurUsd was the protagonist of a weekly bullish engulfing pattern which effectively stopped the fall, but...
Guys & Gals

We had good friendships here & had good trades too

But in last two weeks I had lost my trust to FF, Twee & his desecions. I had asked him 3 questions but unfortunatelly can not get the answers.
This tells me, I am wright about my thoughts. For me if an environment is not fair for all ( not only for me, REPEAT, FOR ALL ) then I can not stay there. It makes me sick & I mean that.

The Rule is Simple : If something happens once it repeats.

I tried to get the answers from Twee for a week, not posted & protested during the period. Now as a matter of fact it is time to pack & leave FF.

I had learned from you guys, hope you also learned something from this thread, me & my 18,000 posts he he ( %80 was wrong )

I wish you a good trading future & green pips.

Trade Well!!
walker.

PS : If you need any help email me

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Don Quixote Resigned. Packed & Left
I'm new to this topic but I already like it. My little contribution to this thread is in attached screenshot. I suppose that around 1,3135 there is great resistance for bulls since this worked six times during last six month. It was also touched today and if it won't break tomorrow we shall go back to south
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-20130411.jpg Size: 107 KB
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