1.3393
- #6,163
- Aug 19, 2014 7:54am Aug 19, 2014 7:54am
- Joined Nov 2013 | Status: Member of the 5% club | 1,259 Posts
{quote} I am definitely not trading news. Although, I did short from 55 down into the transient
- #6,164
- Aug 19, 2014 7:57am Aug 19, 2014 7:57am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
A pip is only worth it if you know how much you risked to earn it
- #6,166
- Aug 19, 2014 7:58am Aug 19, 2014 7:58am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
A pip is only worth it if you know how much you risked to earn it
- #6,167
- Aug 19, 2014 7:59am Aug 19, 2014 7:59am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
A pip is only worth it if you know how much you risked to earn it
- #6,170
- Aug 19, 2014 8:40am Aug 19, 2014 8:40am
- Joined Oct 2011 | Status: quo | 4,193 Posts
As Above, So Below
- #6,171
- Aug 19, 2014 8:41am Aug 19, 2014 8:41am
- Joined Nov 2013 | Status: Member of the 5% club | 1,259 Posts
{quote} No really, his trades and the line chart are a mystery to me
- #6,172
- Aug 19, 2014 8:58am Aug 19, 2014 8:58am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
{quote} No really, his trades and the line chart are a mystery to me
But in terms of entry, each sideways move was capped by a levels that define the zones as we've described them.
Notice that when price moved down, there move to challenge his entry instead it was just a retracement at best. And when it did move lower for the final sideways movement, he entered in the Recurrent Area (which matched my 3350 line) and waited for the breakout south.
You would probably ask, but what if price had gone up?
I don't know. I like to move my stops to BE as soon as I can without fail once a move confirms the direction of my open trade. Why let a drawdown increase?
You can't avoid drawdowns.... is this the inhibiting factor? I don't know Feline. I guess I'm not understanding your motivations for trading an entry. Perhaps you need a higher timeframe entry, say 1H (but you'll need a bigger account to handle the bigger sized SL).
A pip is only worth it if you know how much you risked to earn it
- #6,173
- Aug 19, 2014 9:04am Aug 19, 2014 9:04am
- | Membership Revoked | Joined Oct 2012 | 2,254 Posts
Ok fellow traders. I got this important information that I would like to share with you. There is a serious mis-price formed at 1.3405. There is a 2nd degree problem at 1.3344. This points to the development of a new trend. So, I will urge bears to be careful. Today or by friday eurusd is heading in that direction for correction and maybe continuation!!!
I am sorry for returning!
I am sorry for returning!
- #6,174
- Aug 19, 2014 9:09am Aug 19, 2014 9:09am
- Joined Jan 2014 | Status: Google is a wonderful tool | 130 Posts
Ok fellow traders. I got this important information that I would like to share with you. There is a serious mis-price formed at 1.3405. There is a 2nd degree problem at 1.3344. This point to the development of a new trend. So, I will urge bears to be careful. Today or by friday eurusd is heading in the direction for correction and maybe continuation!!! I am sorry for returning!
"Mrrraggglhlhghghlgh"
- #6,176
- Aug 19, 2014 9:21am Aug 19, 2014 9:21am
- Joined Oct 2011 | Status: quo | 4,193 Posts
{quote} Welp, looks like you can't leave again until 1.3405 is solved. (:
As Above, So Below
Ok fellow traders. I got this important information that I would like to share with you. There is a serious mis-price formed at 1.3405. There is a 2nd degree problem at 1.3344. This points to the development of a new trend. So, I will urge bears to be careful. Today or by friday eurusd is heading in that direction for correction and maybe continuation!!! I am sorry for returning!
2nd degrre problem=big gap in the tickdata?
Regards
Waez
- #6,178
- Aug 19, 2014 9:23am Aug 19, 2014 9:23am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
I am sorry for returning!
I was seeing some dissimilarity around 3390ish but I wasn't confident enough yet to call it a mis-price.
I was waiting to see if Price started to weaken.
A pip is only worth it if you know how much you risked to earn it
- #6,179
- Aug 19, 2014 9:29am Aug 19, 2014 9:29am
- Joined Aug 2007 | Status: Doing It In Dubai | 2,457 Posts
Ok fellow traders. I got this important information that I would like to share with you. There is a serious mis-price formed at 1.3405. There is a 2nd degree problem at 1.3344. This points to the development of a new trend. So, I will urge bears to be careful. Today or by friday eurusd is heading in that direction for correction and maybe continuation!!! I am sorry for returning!
- #6,180
- Aug 19, 2014 9:34am Aug 19, 2014 9:34am
- Joined Nov 2013 | Status: Member of the 5% club | 1,259 Posts
Ok fellow traders. I got this important information that I would like to share with you. There is a serious mis-price formed at 1.3405. There is a 2nd degree problem at 1.3344. This points to the development of a new trend. So, I will urge bears to be careful. Today or by friday eurusd is heading in that direction for correction and maybe continuation!!! I am sorry for returning!
I do see smooth sailing to 1.3110.
You've not been wrong yet though, so Thanks for the heads up as usual!
