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  • #912,021
  • Jul 22, 2014 9:52am Jul 22, 2014 9:52am
Quoting Ck87
{quote} Probably should on EU and EUR/SGD…. EUR/JPY I like going forward either way bc I think USD/JPY will go up from here.. so as long as EU doesn't get crushed... I do "think" EU will go back to 1.36, but I'm usually wrong soo.. pffft.
Good thing about EU, it respects lows and highs, unlike GBP or JPY pairs, which can easily spike 20-30 pips after a move is done. If you set a SL just 5 pips below today's low on EU, you should be safe. And if not, it will go lower than 5 pips, anyway.
Everyone can see the chart, but only a few can actually read it.
  • #912,022
  • Jul 22, 2014 9:53am Jul 22, 2014 9:53am
Quoting Ck87
{quote} Do also have to keep in mind their average long entry is 1.3571… so we can get a nice rally and profit while they're still in the red..
Yes, 3567 is a perfect target and then a south re-test again, maybe.

65% of retail is now long, will be probably 70% after today. Better wait for 50 pips lower...until 80% are wrong, thats when it mostly gives a pullback chance.
Everyone can see the chart, but only a few can actually read it.
  • #912,023
  • Jul 22, 2014 9:57am Jul 22, 2014 9:57am
Quoting OnlineAddict
{quote} Yes, 3567 is a perfect target and then a south re-test again, maybe. 65% of retail is now long, will be probably 70% after today. Better wait for 50 pips lower...until 80% are wrong, thats when it mostly gives a pullback chance.
I've been bearish Eu from 1.38-1.4 levels and more recently anywhere above 1.3650-1.37 range…. was waiting for this 1.3460 level today patiently (sort of impatiently tbh) and now that I've gotten it I'm in…. for me the main question is where to get out either if it goes lower or higher..
  • #912,024
  • Jul 22, 2014 9:59am Jul 22, 2014 9:59am
Quoting Ck87
{quote} I've been bearish Eu from 1.38-1.4 levels and more recently anywhere above 1.3650-1.37 range…. was waiting for this 1.3460 level today patiently (sort of impatiently tbh) and now that I've gotten it I'm in…. for me the main question is where to get out either if it goes lower or higher..
If you can handle a 50-100 pip drawdown(may not even happen), then I think its safe to stay in. Until above 3550, at least.
Everyone can see the chart, but only a few can actually read it.
  • #912,025
  • Jul 22, 2014 10:02am Jul 22, 2014 10:02am
do you think bounce started? and finish bear.. probably rocket started to fly?
visit www.OlimpiaFX.com
  • #912,026
  • Jul 22, 2014 10:04am Jul 22, 2014 10:04am
Quoting olimpia
do you think bounce started? and finish bear.. probably rocket started to fly?
Not according to daily candle, if we close in this area +-20 pips. There will be probably an attempt to re-test the lows.
Everyone can see the chart, but only a few can actually read it.
  • #912,027
  • Jul 22, 2014 10:05am Jul 22, 2014 10:05am
Quoting Mr Hatch
{quote} piling in more and more. he's got very silent... {image}
it is what it is. i posted mine already.. 20 to 1.. bbl
those who can, do. those who cant, talk about those who can
  • #912,028
  • Jul 22, 2014 10:07am Jul 22, 2014 10:07am
Quoting Chicky
{quote} Same was true for 1.3499 level. You note down the trades or place pending orders, when the time comes you are prepared. This is not the only trade I am waiting for, there are several others. 40 pips is 1% and 1% is a lot of money for any account no matter the balance.
Agree with Chicky, patience is a virtue.
I barely put any orders since Mid May.
Thats just out of experience, whatever that you gain during the year, has a higher degree of being blown away if you continuously trade during the summer months.
  • #912,029
  • Jul 22, 2014 10:11am Jul 22, 2014 10:11am
a nice roof formation on usdchf as well.. I think CHF can not be too low all time..
visit www.OlimpiaFX.com
  • #912,030
  • Jul 22, 2014 10:20am Jul 22, 2014 10:20am
Quoting Ck87
{quote} Do also have to keep in mind their average long entry is 1.3571… so we can get a nice rally and profit while they're still in the red..
Very good point again

Looking at the averages there:
Avg Long @:1.3571
Avg Short@:1.3424
All Avg @: 1.3555

So this might get to 1.3550ish area just based on that. My TP is well below 1.3550 so that makes me feel more confident with my trade then..

I'm new to looking at all the trades @ FF.. that might actually provide some insight on how not to be like the 95% and trade against them. Anybody been successful at using the "Trades" to their advantage?
Focus, Patience, Determination & Order in chaos
  • #912,031
  • Jul 22, 2014 10:26am Jul 22, 2014 10:26am
Quoting saver0
{quote} Very good point again Looking at the averages there: Avg Long @:1.3571 Avg Short@:1.3424 All Avg @: 1.3555 So this might get to 1.3550ish area just based on that. My TP is well below 1.3550 so that makes me feel more confident with my trade then.. I'm new to looking at all the trades @ FF.. that might actually provide some insight on how not to be like the 95% and trade against them. Anybody been successful at using the "Trades" to their advantage?
I've used it to my advantage before… there's no guarantee ever in trading otherwise everyone would be doing it.


But you can at least review the history of it and look at how prices reacted or how people reacted to prices..

Sometimes when 80-90% of lots are on one side that's the end or near end of whatever current move and there's a rally in the opposite direction….

Sometimes when that many are on one side there's a huge rally that crushes the majority… So you have to review the history and understand markets/price can always go any direction for as long as it wants to regardless of people's positions … that's obvious

And always use proper risk management and support/resistance levels to your advantage …
  • #912,032
  • Jul 22, 2014 10:30am Jul 22, 2014 10:30am
Commercials are also bullish down here…
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  • #912,033
  • Jul 22, 2014 10:42am Jul 22, 2014 10:42am
Looks like another retrofit week for me. Damn it.

1) Long @3522 under water
2) Looking for short @3481 TP @3430
3) May long @3430
  • #912,034
  • Jul 22, 2014 10:53am Jul 22, 2014 10:53am
Quoting Magicmen
Looks like another retrofit week for me. Damn it. 1) Long @3522 under water 2) Looking for short @3481 TP @3430 3) May long @3430
Hi Magic, tell me, what are you going to do with your 3522 ??? whitch is your SL for that entry?
I'm in the same situation.
  • #912,035
  • Jul 22, 2014 10:54am Jul 22, 2014 10:54am
Quoting saver0
{quote} Very good point again Looking at the averages there: Avg Long @:1.3571 Avg Short@:1.3424 All Avg @: 1.3555 So this might get to 1.3550ish area just based on that. My TP is well below 1.3550 so that makes me feel more confident with my trade then.. I'm new to looking at all the trades @ FF.. that might actually provide some insight on how not to be like the 95% and trade against them. Anybody been successful at using the "Trades" to their advantage?
Hey, where do you get all these averages from?
  • #912,036
  • Jul 22, 2014 10:58am Jul 22, 2014 10:58am
Quoting zapiron
{quote} Hi Magic, tell me, what are you going to do with your 3522 ??? whitch is your SL for that entry? I'm in the same situation.
I will retain my move-1 until my move-2 and move-3 yields my $ Basically I am hedging.
  • #912,037
  • Jul 22, 2014 10:58am Jul 22, 2014 10:58am
Quoting AsadKiani
{quote} Hey, where do you get all these averages from?
Right here
Attached Image (click to enlarge)
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Focus, Patience, Determination & Order in chaos
  • #912,038
  • Jul 22, 2014 10:59am Jul 22, 2014 10:59am
Quoting MaxDoom
{quote} I was thinking of adding edit: before anyone shouts that is a competition account not my real account {image}
Wow Mr Doom! That's friggin awesome, especially the EJ! LOL
High 5!
A pip is only worth it if you know how much you risked to earn it
  • #912,039
  • Jul 22, 2014 11:02am Jul 22, 2014 11:02am
Quoting AsadKiani
{quote} Hey, where do you get all these averages from?
Okay.. EUR/USD Position Stats on FF.. Putting brains and fingers into motion does solve lots of problems.
  • #912,040
  • Jul 22, 2014 11:02am Jul 22, 2014 11:02am
Quoting saver0
{quote} Right here {image}
Thanks a ton
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