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  • #877,701
  • Feb 19, 2014 8:36am Feb 19, 2014 8:36am
Quoting BlueGas
{quote} yeah, 60-65 is a strong one, and nice level to short imho
it's rather a good place for long...
  • #877,702
  • Feb 19, 2014 8:43am Feb 19, 2014 8:43am
Quoting attila
{quote} it's rather a good place for long...
Good long was from 44 after news wouldnt wanna enter in middle of possible retracment, but thats just me
  • #877,703
  • Feb 19, 2014 8:45am Feb 19, 2014 8:45am
Quoting BlueGas
{quote} Good long was from 44 after news wouldnt wanna enter in middle of possible retracment, but thats just me
maybe but it's being bought below yesterday close... if it goes above, it goes for the high..
  • #877,704
  • Feb 19, 2014 8:47am Feb 19, 2014 8:47am
Quoting gatorinla
closed my eu s... i may enter 3760 up till 3773 on chart to target 3735 or much lower.. gu 6703 or higher like 6717 up till 6732.. will close a little above either eu 3773 r gu 6732..
typo 3725... its not that i want to trade for 35 pip tp.. i want to get on a longer trade on a st entry.. turn a scalp from 3760 or 66 to a longer tf trade
those who can, do. those who cant, talk about those who can
  • #877,705
  • Feb 19, 2014 8:49am Feb 19, 2014 8:49am
Quoting attila
{quote} maybe but it's being bought below yesterday close... if it goes above, it goes for the high..
But it would also put out most of London shorters and trigger many weak buyers, just to continue south, also there is 70% possibility that top/low of the week is formed beetween monday and wednesday till Lo open
  • #877,706
  • Feb 19, 2014 8:52am Feb 19, 2014 8:52am
Quoting BlueGas
{quote} But it would also put out most of London shorters and trigger many weak buyers, just to continue south
anything can happen.. I just can't assume what other traders' positions are..
  • #877,707
  • Feb 19, 2014 8:53am Feb 19, 2014 8:53am
Quoting pedro319
{quote} Who knows who's right? However let me tell you something: Once I met a guy from Morgan Stanley whom obviously I wont say the name and he just said this to me: You can never know where the price is going next because we are the ones that move the market by placing orders coordinated with other banks (they call each other and place orders); we make money on both sides of the market, you people (retail for example) only get to scrape once moves are on (late most times and with poor MM). Than I asked him about the levels, he said: WE ARE THE...
highly agree with you, bank and bank carries huge orders, they are well-informed in term of monetary policies from ECB, FED, BOJ...
Pls show me if how we use Sentiment COT as a factor of analysis and how to get COT data? tks in advance!
  • #877,708
  • Feb 19, 2014 8:53am Feb 19, 2014 8:53am
Quoting attila
{quote} anything can happen.. I just can't assume what other traders' positions are..
if we go down that path.. it did clean up the stops yesterday.. why didn't it go down then?

edit: I'm still bearish, but I don't like their action around this high... so...
  • #877,709
  • Feb 19, 2014 9:00am Feb 19, 2014 9:00am
Quoting attila
{quote} anything can happen.. I just can't assume what other traders' positions are..
Of course you can, you look at markets, then you put yourself a question, "who is making money", well those need to get screwed
  • #877,710
  • Feb 19, 2014 9:03am Feb 19, 2014 9:03am
Quoting BlueGas
{quote} Of course you can, you look at markets, then you put yourself a question, "who is making money", well those need to get screwed
not greed.. fear is much better.. and I smell bears fear..
  • #877,711
  • Feb 19, 2014 9:09am Feb 19, 2014 9:09am
3766 second entry then 3772, all with =% risk.. at tp on a winning trade that hits tp example with 1% risk..is a 3% profit. risk 1 for 3. at 3766 its about 1 for 7. at 3772 it just depends on spread,, it may be 1 for 15/2x,,,on a winning trade on a cherry like these 3%+7%+ 15/25% not a bad r/r.. it happens sometimes, just not to me, with me having smaller risk %. on those a 70+ pip runs it could easily happen if i cancel the tp target and let it run.. just an example of compounding and letting a trade come to u w/o chasing. all have risk.. some have better places to place the risk,,
those who can, do. those who cant, talk about those who can
  • #877,712
  • Feb 19, 2014 9:15am Feb 19, 2014 9:15am
Quoting gatorinla
3766 second entry then 3772, all with =% risk.. at tp on a winning trade that hits tp example with 1% risk..is a 3% profit. risk 1 for 3. at 3766 its about 1 for 7. at 3772 it just depends on spread,, it may be 1 for 15/2x,,,on a winning trade on a cherry like these 3%+7%+ 15/25% not a bad r/r.. it happens sometimes, just not to me, with me having smaller risk %. on those a 70+ pip runs it could easily happen if i cancel the tp target and let it run.. just an example of compounding and letting a trade come to u w/o chasing. all have risk.. some...
this is one part of forex that always get me confused. risking 1% also depends on the size of your trade.
i.e. @ 1lot, i'm risking 10 pips,
@ 1 mini, i can risk 100 pips

both trades are risking the equivalent amount but it will take much longer for the market to move 300 pips...
it is highly likely that i'm wrong... so dont follow me!
  • #877,713
  • Feb 19, 2014 9:22am Feb 19, 2014 9:22am
Quoting flam
{quote} this is one part of forex that always get me confused. risking 1% also depends on the size of your trade. i.e. @ 1lot, i'm risking 10 pips, @ 1 mini, i can risk 100 pips both trades are risking the equivalent amount but it will take much longer for the market to move 300 pips...
consider the r/r ratio also.. that would clear some of the confusion..

I'm not fond of this approach... too rigid and it doesn't take into consideration the win/loss ratio.. just half of the picture.. anyway...
  • #877,714
  • Feb 19, 2014 9:24am Feb 19, 2014 9:24am
Quoting flam
{quote} this is one part of forex that always get me confused. risking 1% also depends on the size of your trade. i.e. @ 1lot, i'm risking 10 pips, @ 1 mini, i can risk 100 pips both trades are risking the equivalent amount but it will take much longer for the market to move 300 pips...
why not just say exact number, where stop, entry and target, then there is no confusion
  • #877,715
  • Feb 19, 2014 9:27am Feb 19, 2014 9:27am
Quoting flam
{quote} this is one part of forex that always get me confused. risking 1% also depends on the size of your trade. i.e. @ 1lot, i'm risking 10 pips, @ 1 mini, i can risk 100 pips both trades are risking the equivalent amount but it will take much longer for the market to move 300 pips...
i cant solve that one. the size of your account will always change... so the lots will always be different. at a glance on a example account of 6,513 will be 65.1. u just have to convert that to amount of lots.. thats if your using 1%. it may be more or less.. some things have to be figured out... what sucks for me is having multiple accounts trading different strategies where the decimal in the lot size could cause me to fu
those who can, do. those who cant, talk about those who can
  • #877,716
  • Feb 19, 2014 9:34am Feb 19, 2014 9:34am
short at 1375x tp 1365x sl 1387x
  • #877,717
  • Feb 19, 2014 9:36am Feb 19, 2014 9:36am
the example was just an example. if 3760/3772 works out great. whats not being told is 3757 is the same as 3760 on a larger chart... on this one 3357 is the target.. so the 35 pip one and that example dont tell the whole compound story.. i am risking for 400+ pips.
those who can, do. those who cant, talk about those who can
  • #877,718
  • Edited 9:55am Feb 19, 2014 9:44am | Edited 9:55am
Quoting gatorinla
{quote} i cant solve that one. the size of your account will always change... so the lots will always be different. at a glance on a example account of 6,513 will be 65.1. u just have to convert that to amount of lots.. thats if your using 1%. it may be more or less.. some things have to be figured out... what sucks for me is having multiple accounts trading different strategies where the decimal in the lot size could cause me to fu
I'm guessing pips are more important for calc of rr then sizing the trade to account size.. If it is done the other way round, if I can lose 100 dollars.. in 1 lot that's just 10 pips and in 1 mini it's 100 pips... Using the same rr ratio, the 1 mini trade needs to wait for 300 pips to get the same rr


Quoting attila
{quote} consider the r/r ratio also.. that would clear some of the confusion.. I'm not fond of this approach... too rigid and it doesn't take into consideration the win/loss ratio.. just half of the picture.. anyway...
yes, the rr and wl ratio are both important in the long run.. takes time to learn how to feel the pulsation of the market before wl ratio can go up.. so for now the focus should be rr ratio to limit losses in a systematic way..


Quoting BlueGas
{quote} why not just say exact number, where stop, entry and target, then there is no confusion
yup.. those are good too but harder to find... IIRC, steve nisson says some numbers are hunted by banks and big speculators.. it's hard to decide to want to risk a few pips more to avoid the hunt or be more conservative...
it is highly likely that i'm wrong... so dont follow me!
  • #877,719
  • Feb 19, 2014 9:51am Feb 19, 2014 9:51am
Quoting gatorinla
closed my eu s... i may enter 3760 up till 3773 on chart to target 3735 or much lower.. gu 6703 or higher like 6717 up till 6732.. will close a little above either eu 3773 r gu 6732..
s 6717.5
those who can, do. those who cant, talk about those who can
  • #877,720
  • Feb 19, 2014 9:57am Feb 19, 2014 9:57am
Quoting flam
{quote} I'm guessing pips are more important for calc of rr then sizing the trade to account size.. If it is done the other way round, if I can lose 100 dollars.. in 1 lot that's just 10 pips and in 1 mini it's 100 pips... Using the same rr ratio, the 1 mini trade needs to wait for 300 pips to get the same rr
forget about money.. just %.. u may to use a minnie account to split the 100 into smaller lots, or micro minnie some brokers offer these
those who can, do. those who cant, talk about those who can
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