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  • #874,381
  • Feb 5, 2014 8:45am Feb 5, 2014 8:45am
Quoting Bluescalper
{quote} Range playing ... waiting for the move to continue and take previous Today's High still trailing at 1.3524 {image}
closed for +15 pips total out of eurusd once again
  • #874,382
  • Feb 5, 2014 8:48am Feb 5, 2014 8:48am
Here are my thoughts taking a look at the Daily and 4 Hour charts to get a sense of the current state of the EUR/USD going into tomorrow's ECB Press Conference.

Inserted Video
  • #874,383
  • Feb 5, 2014 8:51am Feb 5, 2014 8:51am
Welcome to the worlds biggest zero sum game
  • #874,384
  • Feb 5, 2014 8:52am Feb 5, 2014 8:52am
Quoting JCL's-Forex
Here are my thoughts taking a look at the Daily and 4 Hour charts to get a sense of the current state of the EUR/USD going into tomorrow's ECB Press Conference. https://www.youtube.com/watch?v=D0vZfJXQbDU
Once scalper always scalper
  • #874,385
  • Feb 5, 2014 8:52am Feb 5, 2014 8:52am
i confess i shorted euro and UC.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #874,386
  • Feb 5, 2014 8:54am Feb 5, 2014 8:54am
Quoting Rockerzeus
{quote} Thanks for your reply, I am aware of incompatibility issue but the problem is my charting platform only provides ticks for the day only. So my ticks start at 00:00 and ends at 23:59. Thats why i can not make back test. I thought you might have idea knowing that 1 bar is 200 ticks than 5 bar(1000 ticks) or 10 bar(2000 ticks) might have meaning. Thanks
ah I see, well in that case I would say don't worry about it because levels from the previous day will available from the TF charts anyway I assume that you plot them on or are at least aware of what they are. The previous day on 200 tick would be too far back to add any extra value over the standard TF charts
  • #874,387
  • Feb 5, 2014 8:56am Feb 5, 2014 8:56am
Quoting ffleo
i confess i shorted euro and UC.
will long aussie after it retraces some.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #874,388
  • Feb 5, 2014 8:56am Feb 5, 2014 8:56am
Quoting mkvy
Welcome to the worlds biggest zero sum game
True.
H1 pa is incredible. Let see what with happened in hour close. After that up
  • #874,389
  • Feb 5, 2014 8:57am Feb 5, 2014 8:57am
Quoting ffleo
{quote} will long aussie after it retraces some.
i will bet real money with small position size, so i do not blow my account if i go wrong
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #874,390
  • Feb 5, 2014 8:58am Feb 5, 2014 8:58am
Well, let's see if we say good bye to 1.3500 today! (Maybe not!)

I have advised to short at 1.3533 tight SL, and I set auto SL at 1.3544 to my 1.3542 short, and that one market swallowed it.

After some M5 closing I have open new short at 1.3534 and some minutes ago again at 1.3532.

Timing is very important to understand forex market. (Can gives us nice clues, but only that nothing more)

Some TP at 1.3488

GL all
  • #874,391
  • Feb 5, 2014 8:58am Feb 5, 2014 8:58am
Quoting ffleo
{quote} i will bet real money with small position size, so i do not blow my account if i go wrong
i do not want to make very good profit for one year and give it all back in a week
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #874,392
  • Feb 5, 2014 9:00am Feb 5, 2014 9:00am
Getting ready for ECB
Limit shorts
2x 3570
2x 36
2x36.50
In trading, you have to be defensive and aggressive at the same time
  • #874,393
  • Feb 5, 2014 9:00am Feb 5, 2014 9:00am
Quoting ffleo
{quote} i do not want to make very good profit for one year and give it all back in a week
i will remember money management is the key to succeed in this business, the only key element
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #874,394
  • Feb 5, 2014 9:02am Feb 5, 2014 9:02am
Quoting ffleo
{quote} i do not want to make very good profit for one year and give it all back in a week
waste your whole year work in a week, the psychological blow is going to be huge, much bigger than my ego.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #874,395
  • Feb 5, 2014 9:05am Feb 5, 2014 9:05am
Quoting Davit
Getting ready for ECB Limit shorts 2x 3570 2x 36 2x36.50
Sounds good plan.

Any strategy beyond 3700?
  • #874,396
  • Feb 5, 2014 9:05am Feb 5, 2014 9:05am
Quoting ffleo
{quote} waste your whole year work in a week, the psychological blow is going to be huge, much bigger than my ego.
i did it two years ago with real money, and i wont forget that.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #874,397
  • Feb 5, 2014 9:09am Feb 5, 2014 9:09am
Quoting ffleo
{quote} i will remember money management is the key to succeed in this business, the only key element
That is true but understanding of market condition, context of market, is also very important. Today we see that. We have huge signs of breaking on both side with PA but market stay in range. And who recognise that and play on that can take 100 pips pretty easy. Tomorrow will be, probably, trend day not range.
  • #874,398
  • Edited 9:33am Feb 5, 2014 9:14am | Edited 9:33am
Quoting Magicmen
{quote} Sounds good plan. Any strategy beyond 3700?
Use this technique if you like
How much you are willing to risk in dollar amounts say for example 1k
1k 2dollars a pip is 500pips
now take 2 dollars and divide .50 4mini lots and avarage in as you like.Once all in don't add any more.This is the difference between reckless martingaling and averaging in.Since you are not entering full lot at 3570 but only .50 and as you go up every 50pips your distance of 500pips increases far more at 37 you are only
red -130 dollars instead of full lot at 3570.If price turns around at 37 your -130 can quickly become huge profits because your positions are higher up.Anyway this is how I build positions.
Once price exceeds 1k against you then your loss of 1k is already predetermined and is your SL and you should take it as part of trading.
To answer to your question I will most likely sell more higher up to 1.40 although fundamentally Euro has a better chance hitting 1.30 then 1.40
In trading, you have to be defensive and aggressive at the same time
  • #874,399
  • Feb 5, 2014 9:14am Feb 5, 2014 9:14am
Quoting Bluescalper
{quote} closed for +15 pips total out of eurusd once again
This is the 3rd time today have bought euro and will leave it till tomorrow or sl hit which is about 17 pips 1.34987
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  • #874,400
  • Feb 5, 2014 9:15am Feb 5, 2014 9:15am
Quoting JCL's-Forex
Here are my thoughts taking a look at the Daily and 4 Hour charts to get a sense of the current state of the EUR/USD going into tomorrow's ECB Press Conference. https://www.youtube.com/watch?v=D0vZfJXQbDU
JCL-Forex , its said in the video that the market is overbought but daily RSI is showing moderate oversold condition (40).which one is true?
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