EURUSD | Page 44190 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #883,781
  • Mar 17, 2014 10:44am Mar 17, 2014 10:44am
Quoting gatorinla
{quote} a bad trade should be a mosquito bite to your account, if your risking arms and legs you should not be trading. the best setups can fail. its just one trade in thousands. u may get a little relief after e-close. we may retrace some to 3895.. if we dont, your in a trap. a wolf would chew off a leg to get free. that will not stop the rest of the pack from eating you.
Very well said. I used to add trades in loosing trade to rescue them. Some time still I do but not very aggressive but I try to avoid this. I think it is better to cut and reverse instead of loosing trade.
Do you agree or favor of thinking of rescue a loosing trade? Or anybody agree on this to add more trade in loosing trade? and with or without stop-loss?
Second thing I am trying to work on this to find the way how to increase the profit. When ever I build position and expect to move to a target but 2 times it happen that it come back only 20 - 25 pips before my TP and all trades become red. Now I am working on moving Stop loss when I am in profit? Do you guys has some better approach?

Regards.
  • #883,782
  • Mar 17, 2014 10:44am Mar 17, 2014 10:44am
Quoting KillerWhale
{quote} Martingale?
Anti-Martingale limited selection.
KEEP CALM AND CARRY ON SHORTING
  • #883,783
  • Mar 17, 2014 11:19am Mar 17, 2014 11:19am
Everyone and their grandma is short today. Guess which way the market will likely prevail towards?!
Thats right 1.4http://i01.i.aliimg.com/wsphoto/v0/4...ay-Costume.jpg
All posts are my personal opinion
  • #883,784
  • Mar 17, 2014 11:31am Mar 17, 2014 11:31am
Quoting KillerWhale
{quote} and why did you sell @ 3930? I can't find any reason for that.
Thanks for asking, sometimes I don't trade with exact quotes/levels.. what I do sometimes is place a bunch of low volume trades, kind of iceberging, and work with timeframes above 4H.

Based on my weekly view of things, my prevalent bias is bearish but I'm aware that we could still hit 1.40 -yet there is a possibility that we could not. So in the mean time I jump to the train I wish to. If the price keeps going on higher I will still be placing small shorts every X pips against, so my "break even" level goes higher also.

There are many risks involved on this strategy but yea' I feel less stressed.

Edit: Note: No Martingale setups here.. every trade goes with the same volume. There is also a price I choose (in this case 1.42) so if everything goes wrong then I quit with a fixed percentage of balance loss.
K.I.S.S.
  • #883,785
  • Mar 17, 2014 11:34am Mar 17, 2014 11:34am
Quoting Leijenberg
{quote} Thanks for asking, sometimes I don't trade with exact quotes/levels.. what I do sometimes is place a bunch of low volume trades, kind of iceberging, and work with timeframes above 4H. Based on my weekly view of things, my prevalent bias is bearish but I'm aware that we could still hit 1.40 -yet there is a possibility that we could not. So in the mean time I jump to the train I wish to. If the price keeps going on higher I will still be placing small shorts every X pips against, so my "break even" level goes higher also. There are many risks...
Do you have any strategy on the amount of shorts open and when you open them?
KEEP CALM AND CARRY ON SHORTING
  • #883,786
  • Mar 17, 2014 11:34am Mar 17, 2014 11:34am
Quoting johnsmith78
{quote} lol i am sorry, the way how EU moves floating on the clouds without a decent retracement, just makes me feel its going up forever...
it depends what you want out of the market
20-70-100 can be done in any market
  • #883,787
  • Mar 17, 2014 11:34am Mar 17, 2014 11:34am
Quoting 786 trading
{quote} Very well said. I used to add trades in loosing trade to rescue them. Some time still I do but not very aggressive but I try to avoid this. I think it is better to cut and reverse instead of loosing trade. Do you agree or favor of thinking of rescue a loosing trade? Or anybody agree on this to add more trade in loosing trade? and with or without stop-loss? Second thing I am trying to work on this to find the way how to increase the profit. When ever I build position and expect to move to a target but 2 times it happen that it come back only...
i sometimes till my s/l with a limited risk. in this case could be 3905 3873 3845. i could add a few for spread. in this case since we missed 3894/95 i will wait a little lower then 3905.. i may miss a trade doing this. but thats ok. i closed long thinking we would back to 3895 or more
those who can, do. those who cant, talk about those who can
  • #883,788
  • Mar 17, 2014 11:35am Mar 17, 2014 11:35am
is swiss letting go
  • #883,789
  • Mar 17, 2014 11:37am Mar 17, 2014 11:37am
3772-3852-

3 7 7 2
0+1-2+1
3 8 5 3
0+1-2+1
3 9 3 4
0+1-2+1
4 0 1 5

edited

eh wrong
4015

3 7 7 2
0+1-2+1
3 8 5 3
0+1-2+1
3 9 3 4
0+1-2+1
4 0 1 5
0+1-2+1
4 1 9 6
0+1-2+1
4 2 7 7
0+1-2+1
4 3 5 8
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #883,790
  • Mar 17, 2014 11:38am Mar 17, 2014 11:38am
Hi everyone,
whats your opinion on 0,7 y/y eu inflation?
  • #883,791
  • Mar 17, 2014 11:40am Mar 17, 2014 11:40am
Quoting Rtm
Everyone and their grandma is short today. Guess which way the market will likely prevail towards?! Thats right 1.4{image}
I like your picture because the market is playing evil games to us right now. So in the moment we wish to "long hard" (long plain is not enough) it'll drop .
K.I.S.S.
  • #883,792
  • Mar 17, 2014 11:46am Mar 17, 2014 11:46am
Quoting 786 trading
{quote} Very well said. I used to add trades in loosing trade to rescue them. Some time still I do but not very aggressive but I try to avoid this. I think it is better to cut and reverse instead of loosing trade. Do you agree or favor of thinking of rescue a loosing trade? Or anybody agree on this to add more trade in loosing trade? and with or without stop-loss? Second thing I am trying to work on this to find the way how to increase the profit. When ever I build position and expect to move to a target but 2 times it happen that it come back only...
There is only 1 problem: we don't know when is a pullback and when is a reversal. Only later we know, but than is to late.
If you see it is a pullback, and you add position it will depends if is really a pullback or it was a reversal. If it was a pullback than you win, if it was a reversal: a huge loss?

Lets take the other case: you see it is a reversal: close the trade with some pips in negative and reverse the direction. Again: we don't know when is a reversal or jut a pullback. If is a really reversal you win, if it was a pullback you lose.


Right now I am short and taking shorts from 1.3710 to 1.3950 (only small trades) and in this case they show all in red.
This is bad, because: "you never want to stick with a loosing trade" , "never add to a loosing position", but...
if I stop and go in long direction, I can face the "Bulls Make Money, Bears Make Money, Pigs Get Slaughtered"

I have tryed to catch me too every wave: in-out-reverse and I couldn't.

When I wanted to catch only 10, max 20 pip from a 100 pip movement + 20-50 pip pullback I could, with very high win rate ( above 80% , sometimes even with 96%)
In my case, when I have a consecutive losses (3-5) I will lose 30-50%. Not very often I see -30%: (once in 2 moth) and is corrected
Is good or not idk, this is my plan and I stick with it.
I want to buy PATIENCE
  • #883,793
  • Mar 17, 2014 11:48am Mar 17, 2014 11:48am
Quoting gatorinla
{quote} i sometimes till my s/l with a limited risk. in this case could be 3905 3873 3845. i could add a few for spread. in this case since we missed 3894/95 i will wait a little lower then 3905.. i may miss a trade doing this. but thats ok. i closed long thinking we would back to 3895 or more
not saying these are wrong, i just see the possibility of going to 380x if 3877 dont hold.. i will be out.. entries can be 3912 3895 3877.. add 1 or 2 for spread. closing below 3877.. the larger has 3874/75 so i go with it..
those who can, do. those who cant, talk about those who can
  • #883,794
  • Mar 17, 2014 11:56am Mar 17, 2014 11:56am
Quoting Thirsty
{quote} Do you have any strategy on the amount of shorts open and when you open them?
Sup Thirsty, it all depends. The amount of shorts depend on the 'distance' from the first entry to my final SL value and difference 'deltas' I want to have between them. The sizing depends on the balance percentage I would accept as a loss. This remains indifferent to 'when' I would place a trade. The moment you begin placing trades depends on your own system but doing it this way is not so affected by the exact quote you begin with.

What I like most of doing this kind of stuff is that you don't get so much hurt while trying to catch tops or bottoms. I feel like we will hit a weekly top but the HH is yet unknow to everyone.
K.I.S.S.
  • #883,795
  • Mar 17, 2014 11:59am Mar 17, 2014 11:59am
Quoting 786 trading
{quote} Very well said. I used to add trades in loosing trade to rescue them. Some time still I do but not very aggressive but I try to avoid this. I think it is better to cut and reverse instead of loosing trade. Do you agree or favor of thinking of rescue a loosing trade? Or anybody agree on this to add more trade in loosing trade? and with or without stop-loss? Second thing I am trying to work on this to find the way how to increase the profit. When ever I build position and expect to move to a target but 2 times it happen that it come back only...
If placing trades above previous trades to rescue them was part of the plan; I mean with a final stop loss, trade sizing and where you are going to actually place all of your trades, them I'm in favor.

Otherwise not.
K.I.S.S.
  • #883,796
  • Mar 17, 2014 12:07pm Mar 17, 2014 12:07pm
Quoting gatorinla
{quote} not saying these are wrong, i just see the possibility of going to 380x if 3877 dont hold.. i will be out.. entries can be 3912 3895 3877.. add 1 or 2 for spread. closing below 3877.. the larger has 3874/75 so i go with it..
late in the day. 3929.6 sometimes is a cap on a retrace
those who can, do. those who cant, talk about those who can
  • #883,797
  • Mar 17, 2014 12:18pm Mar 17, 2014 12:18pm
Quoting gatorinla
{quote} not saying these are wrong, i just see the possibility of going to 380x if 3877 dont hold.. i will be out.. entries can be 3912 3895 3877.. add 1 or 2 for spread. closing below 3877.. the larger has 3874/75 so i go with it..
another typo 3894/95 is correct
those who can, do. those who cant, talk about those who can
  • #883,798
  • Mar 17, 2014 12:35pm Mar 17, 2014 12:35pm
Quoting gatorinla
{quote} another typo 3894/95 is correct
now say again typo and the correct is 1.35 or something like that - only because I am short me too.
I want to buy PATIENCE
  • #883,799
  • Mar 17, 2014 12:42pm Mar 17, 2014 12:42pm
Quoting gatorinla
{quote} a bad trade should be a mosquito bite to your account, if your risking arms and legs you should not be trading. the best setups can fail. its just one trade in thousands. u may get a little relief after e-close. we may retrace some to 3895.. if we dont, your in a trap. a wolf would chew off a leg to get free. that will not stop the rest of the pack from eating you.


Post of the day
A good trader follows his rules, but great trader knows when to break them
  • #883,800
  • Mar 17, 2014 12:47pm Mar 17, 2014 12:47pm
Quoting gatorinla
{quote} a bad trade should be a mosquito bite to your account, if your risking arms and legs you should not be trading. the best setups can fail. its just one trade in thousands. u may get a little relief after e-close. we may retrace some to 3895.. if we dont, your in a trap. a wolf would chew off a leg to get free. that will not stop the rest of the pack from eating you.

o my ! Some real shit there.... (trade less.... bank more.....tough to realize)
474 traders viewing now