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  • #870,201
  • Jan 15, 2014 3:11pm Jan 15, 2014 3:11pm
Quoting ffleo
{quote} your 3 pip sl is too tight. you will miss a lot of opportunities.


Imagine this, I made 40 pips on that run up this morning with 5 pip sl... went to BE quite quickly. Now, How many trades can I get stopped out before being a BE trader? 8 times!

I need a 20% accuracy to make money and I'm doing alot better than that.

Yeah, I know I have tight stops but that gives me set rules of how much I'm willing to risk, if my timing is out, I lose, normal! If you have larger stops, you tend to fiddle with the stop and postpone the pain. You also heistate to take small winners as they don't fullfill your traders equation of having RR of 2

Only reason more people don't trade with tight stops is because you actually have to learn about market structure and PA formations on smaller TF's and many are ust too lazy to go and study.

Once you become good at your entries, only thing stopping you from making money is where to take profit (Still my problem sometimes)

Good Luck
@pawpaw1000 on Twitter
  • #870,202
  • Jan 15, 2014 6:58pm Jan 15, 2014 6:58pm
Today's S/R levels on MT4 Templates

Starting with Au today

AUDUSD
EURO

http://www.forexfactory.com/showthre...60#post7215660
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #870,203
  • Jan 15, 2014 7:37pm Jan 15, 2014 7:37pm
Now be honest people! who sold the bottom?
"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #870,204
  • Jan 15, 2014 7:48pm Jan 15, 2014 7:48pm
Quoting 110101
Now be honest people! who sold the bottom?
honestly... i don't sell... i buy ... hope in 3680 in 2 days...
  • #870,205
  • Jan 15, 2014 7:52pm Jan 15, 2014 7:52pm
Quoting physics
{quote} honestly... i don't sell... i buy ... hope in 3680 in 2 days...

lol. i actually think we're going lower .35 territory today or tomorrow. its just that this pull back was needed.
"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #870,206
  • Jan 15, 2014 7:59pm Jan 15, 2014 7:59pm
Quoting 110101
{quote} lol. i actually think we're going lower .35 territory today or tomorrow. its just that this pull back was needed.
maybe... under 3600 again it's possible... everything it's possible in fx... but a voice inside me say:" THEY want to fuck you... all guys in forexfactory sell... you have to buy..." ... so i hope in 3680...
  • #870,207
  • Jan 15, 2014 8:01pm Jan 15, 2014 8:01pm
Quoting physics
{quote} maybe... under 3600 again it's possible... everything it's possible in fx... but a voice inside me say:" THEY want to fuck you... all guys in forexfactory sell... you have to buy..." ... so i hope in 3680...

hehe. most on ff are selling? i must revert my position
"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #870,208
  • Jan 15, 2014 8:11pm Jan 15, 2014 8:11pm
Quoting Ken A
{quote} E/U has no choice but up because of AUD unless someone is willing to absorb the spreads lol AUD/USD x EUR/AUD = EUR/USD EUR/USD ÷ AUD/USD = EUR/AUD EUR/USD ÷ EUR/AUD = AUD/USD

hmmm.
"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #870,209
  • Jan 15, 2014 8:13pm Jan 15, 2014 8:13pm
Quoting 110101
{quote} lol. i actually think we're going lower .35 territory today or tomorrow. its just that this pull back was needed.
3580 again, then up I think.
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  • #870,210
  • Jan 15, 2014 8:18pm Jan 15, 2014 8:18pm
Another potential Guppy Mofu setup spoiling the bear party..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-20140116-H4 Guppy Mofu.png Size: 89 KB

Europhiles may be building another 2+ Quarter Stairway to Heaven ahead of the 1.33~1.34 yellow brick zone..
  • #870,211
  • Jan 15, 2014 8:19pm Jan 15, 2014 8:19pm
http://www.efxnews.com/sites/default.../jan14/o11.PNG

http://www.efxnews.com/story/22437/e...e-break-nomura
  • #870,212
  • Jan 15, 2014 9:17pm Jan 15, 2014 9:17pm
The last 10 EUR CPI releases have came out as expected so I would assume, however faulty that may be in FX, that tomorrow's release would do the same. However, as the economic outlook for EUR dwindles while the Fed just yesterday stated they'd overlook NFPs and continue on to taper, a bad CPI should send Euro below 1.36, especially with if the US has strong unemployment claims.

I'm long for a time being as I believe the Euro will rise into the US session, regardless of what happens then. TP ~ 1.3650
Attached Image (click to enlarge)
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Greatness exists in all of us.
  • #870,213
  • Jan 15, 2014 9:28pm Jan 15, 2014 9:28pm
Attached Image (click to enlarge)
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  • #870,214
  • Jan 15, 2014 9:59pm Jan 15, 2014 9:59pm
Quoting 110101
{quote} lol. i actually think we're going lower .35 territory today or tomorrow. its just that this pull back was needed.

yes we need buyers. when the market goes down again weak buyers will close their postitions and that will speed up the down movement.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #870,215
  • Jan 15, 2014 10:03pm Jan 15, 2014 10:03pm
It is my opinion that yesterday 3580 was the low of the week.. I will plan accordingly..
  • #870,216
  • Jan 15, 2014 10:11pm Jan 15, 2014 10:11pm
Quoting attila
It is my opinion that yesterday 3580 was the low of the week.. I will plan accordingly..
yeah that is weekly S1, also a touch of the daily rising trendline.
but if cable continues to move below its own daily trendline, it may drag euro down. after cable got below its weekly S1, it never got above it up to now.

Attached Image (click to enlarge)
Click to Enlarge Name: cable- id81_061.png Size: 14 KB
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #870,217
  • Jan 15, 2014 10:48pm Jan 15, 2014 10:48pm
Quoting attila
It is my opinion that yesterday 3580 was the low of the week.. I will plan accordingly..
May the FX god hear you! I am loaded with longs at 1.3592. Half got TP at 1.3622 overnight and I just moved the SL lower to 1.3575 just in case, as my TP is 1.3792. A good 200 pips in the making

I think the most important thing right now is the lower daily TL. Seems too important to be penetrated without a good bounce first
Riding the Dragon....
  • #870,218
  • Jan 15, 2014 11:14pm Jan 15, 2014 11:14pm
Quoting Farstrider
{quote}I think the most important thing right now is the lower daily TL. Seems too important to be penetrated without a good bounce first
It's had it's bounce... could easily drop again from here I reckon. If it doesn't, then 3650/60 will be a big test.
You reap what you sow.
  • #870,219
  • Jan 16, 2014 12:16am Jan 16, 2014 12:16am
Quoting Farstrider
{quote} May the FX god hear you! I am loaded with longs at 1.3592. Half got TP at 1.3622 overnight and I just moved the SL lower to 1.3575 just in case, as my TP is 1.3792. A good 200 pips in the making I think the most important thing right now is the lower daily TL. Seems too important to be penetrated without a good bounce first
Closed half of the remaining longs at 1.3621
The other half left running for 1.3792 with SL at 1.3575
Have to respect the MM at some point
Riding the Dragon....
  • #870,220
  • Jan 16, 2014 12:20am Jan 16, 2014 12:20am
yeah it might drop again to 580, and bounce.
I think it needs too.
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