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  • #912,861
  • Jul 28, 2014 12:44pm Jul 28, 2014 12:44pm
Quoting KillerWhale
Finally my EUR/TRY short has come to a spectacular end. The whole month of July I still had a 1 lot (100,000 Eur) short going, giving me $24+ in interest per day. Then July 18th I had to go to the hospital and couldn't follow it anymore. Yesterday I came out and to my surprise I saw that at July 23rd my target at 2.8200 was hit and my total profit in interest and target profit was $2,996.00 on a trade that took less than $7000 margin and a total account balance in that account of $10,000. Pretty neat right?
Congrats!

Good to see you back
  • #912,862
  • Jul 28, 2014 12:46pm Jul 28, 2014 12:46pm
Quoting aarontdang
{quote} He might be a winner, if he yield great positive interests
... This is what we're here for!
Attached Image
  • #912,863
  • Jul 28, 2014 1:16pm Jul 28, 2014 1:16pm
Quoting OnlineAddict
{quote} So you say eur can drop 500 pips and a 50 pip SL is enough for a trade like that? Thats a great R/R, did you open the trade yet? There will be a solid retracement once 1.33xx is hit. Maybe even from here, even though I wouldn't go long now.
I can even say EU can drop another 800-1000 pips, the thing is WE don't know YET how much or where it goes. Dont get me wrong, I'm all with you and I myself have my shorts targeting 3380 first, then 3360 and then 3310. Not even sure about the last two targets. BUT it all depends on how price reacts when we reach the levels, but I set TPs so i can leave the tradingstation and have a life also AND get my winningtrade if not here. I remember in 2008 how everyone was screaming they will short and called everyone stupid that went long 1/4 of the move, 1/2 of the move and so on.. it ended up moving 2000 pips in like 14 days. R:R is always hard, because we never know. Here I would not use a 50 pip SL if this was my first entry. You have to work from your desired R:R and place your SL according to your TP. So with the traders R:R and wanted TP it's up to the trader if it's worth it. R:R varies from trader to trader, you might go for 3:1 and the next trader is happy with 1,5:1 as he hits the winners more often, it all about you as a trader. And now the big surprise!? i was years ago i stopped using a fixed R:R, it's always changing depending on what and where, and i improved my average after letting that fixation go.

And yes, i added a short at 1,34365, and a little while ago i added one more at 1,34372, first one is a scale in. The other can be turned into a scale in or just a scalp, but it has a SL 1,3457, tp 3395 but happy with 1,3420 also, it's a small one to ad to my weekly goal. Here's the thing, my SL rarely get hit on my single trades, i usually kill them before that. I can usually understand i was wrong before they eat my SL, why wait for it to get hit. Yes, many times i have been tricked and had i just kept the trade i would have hit my tp, it's a battle and part of the hunt for the pips.

AND never say there will be anything in this game! To many times gurus have lost their face saying things like that. Price mostly turns where you dont expect it to, and at levels other than the one you try to analyze..
Looking at history theres a great possibilty that something will happen, and thats what we gamble on, it's NOT a sure bet and something that WILL happen.

And YES again, we could very well get a slow crawl from here up to 3500,3600 or where ever, again we never know, only what the market agree on.
And tomorrow we could se 3454 or 3359, we just have to see what the market is showing us.
I don't even have a cool signature
  • #912,864
  • Jul 28, 2014 1:19pm Jul 28, 2014 1:19pm
Quoting mOmOgi
{quote} Hope you are right, I have long positions for quite sometimes and still can't get it out
EURUSD Long @ 1.343

I have moved my TP: 1.345 Trade might still be good for 1.347 but not going to risk it. Fingers Crossed.
  • #912,865
  • Jul 28, 2014 1:22pm Jul 28, 2014 1:22pm
Quoting NoCoolNick
{quote} I can even say EU can drop another 800-1000 pips, the thing is WE don't know YET how much or where it goes. Dont get me wrong, I'm all with you and I myself have my shorts targeting 3380 first, then 3360 and then 3310. Not even sure about the last two targets. BUT it all depends on how price reacts when we reach the levels, but I set TPs so i can leave the tradingstation and have a life also AND get my winningtrade if not here. I remember in 2008 how everyone was screaming they will short and called everyone stupid that went long 1/4 of...
Well, I wish you luck, for me, right now, the R/R is not good on either side. So I have to wait for this either to spike up or go below 1.34.
Everyone can see the chart, but only a few can actually read it.
  • #912,866
  • Jul 28, 2014 1:43pm Jul 28, 2014 1:43pm
Quoting OnlineAddict
{quote} Well, I wish you luck, for me, right now, the R/R is not good on either side. So I have to wait for this either to spike up or go below 1.34.
Again that's YOUR R:R and other should respect that, I do..

What i see right now, as is right now, we have a daily candle with a green body, or.. we have had a upday for the first time in over two weeks! and that CAN continue. BUT the upmove is less than 20 pips, so that cools the whole thing a bit. But I also know that it can crawl up with like 10 pips a day for weeks killing everyones patience. 4H has massive bullish divergence. Weekly LONG trendline got broken giving it room to move 1000 pips down without a bump on the road. Daily is oversold, but even this does not really matter, it can stay like that forever. No really countertrend moves have been done sine the june 12 to july 1. And then a lot of strong MAs on larger timeframes and the usual Fib numbers..

So theres a lot of factors talking for long and short.. so keeping it real, being objective and study priceaction is all we can do.
I don't even have a cool signature
  • #912,867
  • Jul 28, 2014 2:12pm Jul 28, 2014 2:12pm
Quoting gatorinla
{quote} still waiting to sell higher. 3431ish intraday may be a bounce. atm 3434
3431 is a norm for st, bulls.. its still against the trend, after it once more......???????????????
those who can, do. those who cant, talk about those who can
  • #912,868
  • Edited 2:44pm Jul 28, 2014 2:26pm | Edited 2:44pm
Quoting KillerWhale
Finally my EUR/TRY short has come to a spectacular end. The whole month of July I still had a 1 lot (100,000 Eur) short going, giving me $24+ in interest per day. Then July 18th I had to go to the hospital and couldn't follow it anymore. Yesterday I came out and to my surprise I saw that at July 23rd my target at 2.8200 was hit and my total profit in interest and target profit was $2,996.00 on a trade that took less than $7000 margin and a total account balance in that account of $10,000. Pretty neat right?
Hey very nice. How is this interest being given to you, trough MT4 account balance increase per day or? Is this interest for shorts only on EURTRY, and also is it on USDTRY aswell?

EDIT: Did research myself, no need for reply
  • #912,869
  • Jul 28, 2014 2:35pm Jul 28, 2014 2:35pm
Quoting gatorinla
{quote} 3431 is a norm for st, bulls.. its still against the trend, after it once more......???????????????
if bulls are serious, they would take out 3442 and st go to 3461 min. bears norm is still 373x, i dont think they got that much muscle. i will be shorting above 3600 if or when. it dont mean we will ever get there. a bounce is counter trend and a easy way to lose money.. so r/r and mm has to be in play
those who can, do. those who cant, talk about those who can
  • #912,870
  • Jul 28, 2014 2:44pm Jul 28, 2014 2:44pm
Quoting gatorinla
{quote} if bulls are serious, they would take out 3442 and st go to 3461 min. bears norm is still 373x, i dont think they got that much muscle. i will be shorting above 3600 if or when. it dont mean we will ever get there. a bounce is counter trend and a easy way to lose money.. so r/r and mm has to be in play
I wonder when people argue to gatorinla, some one even can't under stand normal trading language
don't predict direction, but dance with flow of water
  • #912,871
  • Jul 28, 2014 3:09pm Jul 28, 2014 3:09pm
Quoting saver0
{quote} These are better http://www.dukascopy.com/swiss/engli...tch/sentiment/ http://fxtrade.oanda.com/analysis/historical-positions

Thank you so much saver
Banks scalp, why don't you?
  • #912,872
  • Jul 28, 2014 3:30pm Jul 28, 2014 3:30pm
http://www.forexfactory.com/showthre...00#post7635900
those who can, do. those who cant, talk about those who can
  • #912,873
  • Jul 28, 2014 3:32pm Jul 28, 2014 3:32pm
This is going to be a very dull week
The fragrance remains in the hands of those that gves the rose
  • #912,874
  • Jul 28, 2014 3:46pm Jul 28, 2014 3:46pm
can she close 3441 in 15m or better for st bulls above 3443
those who can, do. those who cant, talk about those who can
  • #912,875
  • Jul 28, 2014 3:47pm Jul 28, 2014 3:47pm
Quoting CholiPop
Did you see how that 15m candle closed on EU.... I would scalp buy it here. Stop loss would be a close under the low of that last 15m candle. So I have a scalp buy, and my sl would be a close under the red candle which has the arrow under it. {image}
Fast forward 8 hours and that scalp buy is still valid, as the price has yet to close under the sl posted above in the chart.
Banks scalp, why don't you?
  • #912,876
  • Jul 28, 2014 4:04pm Jul 28, 2014 4:04pm
Quoting gatorinla
can she close 3441 in 15m or better for st bulls above 3443
nope... that 3461 setup is valid w/o a new low.
those who can, do. those who cant, talk about those who can
  • #912,877
  • Jul 28, 2014 4:41pm Jul 28, 2014 4:41pm
Quoting gatorinla
fridays 10 y was below 2.5, making it harder to drop. not impossible, just harder. it can change day to day. http://www.treasury.gov/resource-cen...spx?data=yield
monday it went to 2.5.. not above and not below. its probably on the more usd bullish side, plus the trend. i still wait to sell higher. 2.5 makes a bounce harder to do.
http://www.treasury.gov/resource-cen...spx?data=yield
those who can, do. those who cant, talk about those who can
  • #912,878
  • Jul 28, 2014 4:41pm Jul 28, 2014 4:41pm
The EUR/USD is trading higher (daily chart), but the volume is down and the action is light.
Everyone is waiting for Fed announcement later this week along with U.S. GDP and Non-Farm Payrolls data.
Want to learn more: HTO Trading
  • #912,879
  • Edited 7:17pm Jul 28, 2014 5:27pm | Edited 7:17pm
Quoting gatorinla
http://www.forexfactory.com/showthre...00#post7635900
Hello people, do not be too harsh on this guy. He really did not say anything bad about anybody. We all have our ups and downs in life and get sometimes overheated and make wrong decisions. I do not see nothing commercial in his thread... Young person is learning to trade, that's all there is.

No offense to anybody.
Piece and love !
And lot of good pips !
------------------------------
Just not to make this post useless:

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 36 KB


Note that Yearly Central Pivot is in area of 1.3470


What is fun here: I do not see much charts in this thread.
  • #912,880
  • Jul 28, 2014 6:38pm Jul 28, 2014 6:38pm
Quoting gatorinla
{quote} it could be worse...check out the money management on this one. it got pretty quiet lately. the most likely blowup here, starts with charts like this. the names are withheld to protect the neuron challenged. dropping since jan 1 {image}
Do you think maybe his system was somehow bugged, and his long and short order was reversed due to the bug?
Attached Image

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