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EURUSD

  • #927,381
  • Oct 2, 2014 1:02am Oct 2, 2014 1:02am
Quoting deylon
anyone shorting at 1.2264xx?
u mean 1.264xx, right?
Dont trade like me..
  • #927,382
  • Oct 2, 2014 1:03am Oct 2, 2014 1:03am
Quoting sanvulture
{quote} u mean 1.264xx, right?
yea...lol
Whenever i buy the price goes up & whenever i sell the the price goes down!
  • #927,383
  • Oct 2, 2014 1:04am Oct 2, 2014 1:04am
Quoting deylon
SOS!! {image}
in a better position now! will accept a little loss..to exit the loosing trade
Whenever i buy the price goes up & whenever i sell the the price goes down!
  • #927,384
  • Oct 2, 2014 1:05am Oct 2, 2014 1:05am
EURUSD will go lower after this minor wave iv correction ( in orange), whether it is worth trading it or not.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1 12.png Size: 53 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #927,385
  • Oct 2, 2014 1:15am Oct 2, 2014 1:15am
Quoting deylon
SOS!! {image}
Well lots of things to cover here:

Where is the point in placing lots of trades all around the same level (within 15 pips), you may as well just have placed one single trade, easier to manage your risk.

Even with all those trades why is it an issue, if you used good money and risk management you should be fine even if they lose.

Where the f*** are your stops, you cannot control risk without pre-placed orders to exit the market - forget all this nonsense you hear about people running your stops - that is done with huge volume targeting other huge volume stops - not your tiny retail ones, the problem is most retail stops will be within that zone - trust me no one is targeting your stops..... and if you place them in sensible positions then you will know even if they do get hit it's ok because you wanted out the market at that price because your trade reasons are proven wrong.

If you still have them then you should be okay this time, but if price gets close and hesitates start closing....

Your entry levels are simply poor given the current price structure, I said yesterday, around 1.26, safer 263x safer still 266x that has not changed....

Personally, I think you should close out have a week off, then come back on demo. Prove for 3 months that you can trade by identifying levels for entry and exit and build the demo account up without big draw down. Until you can do this stay on demo. Concentrate on say 3 securities 1x FX 2x Index learn them well and stop trading to trade, only take the highest probability setups.

regards
  • #927,386
  • Oct 2, 2014 1:18am Oct 2, 2014 1:18am
Quoting deylon
{quote} in a better position now! will accept a little loss..to exit the loosing trade
thats one of the mistakes i usually do.. cutting trades and accepting the losses.. as soon as i exit them with little losses, price will move to my favor.. i have my trades in losses too, but i'll wait for ecb event to cut them, if price moves against me..
Dont trade like me..
  • #927,387
  • Oct 2, 2014 1:20am Oct 2, 2014 1:20am
Quoting deylon
anyone shorting at 1.2264xx?
yes, i'm the one and will hold my short to 1.24xx
Attached Image (click to enlarge)
Click to Enlarge Name: EU.png Size: 36 KB
Forex as Leverage
  • #927,388
  • Oct 2, 2014 1:21am Oct 2, 2014 1:21am
short 35
  • #927,389
  • Oct 2, 2014 1:22am Oct 2, 2014 1:22am
anyone know where I can listen to the draghi speech?
  • #927,390
  • Oct 2, 2014 1:25am Oct 2, 2014 1:25am
Quoting thelostpip
anyone know where I can listen to the draghi speech?
https://www.ecb.europa.eu/press/tvse.../index.en.html
Fail better.
  • #927,391
  • Oct 2, 2014 1:25am Oct 2, 2014 1:25am
Quoting MaxDoom
{quote} Well lots of things to cover here: Where is the point in placing lots of trades all around the same level (within 15 pips), you may as well just have placed one single trade, easier to manage your risk. Even with all those trades why is it an issue, if you used good money and risk management you should be fine even if they lose. Where the f*** are your stops, you cannot control risk without pre-placed orders to exit the market - forget all this nonsense you hear about people running your stops - that is done with huge volume targeting other...
Wow!! Some Excellent guidelines!! Thanks for this! Its a real learning.

Mistake 1 : NO proper entry ponts.
Mistake 2 : NO SL
Mistake 3 |overtrading|

I will consider what you have suggested about the DEMO account. Thanks again Maxdoom

moreover i exited those trade around 1.263XX in the anticipation that this may touch 1.27xx (acceptable losses)
Whenever i buy the price goes up & whenever i sell the the price goes down!
  • #927,392
  • Oct 2, 2014 1:26am Oct 2, 2014 1:26am
Quoting Chicky
{quote} You are right. Let's close this thread. Once we close this thread, FF will close by itself. Posts (not the Posters) here can be grouped in these categories: 1. Posts that provide technical or fundamental analysis (Quality can vary) 2. Buy or Sell calls (with or without basis of bias) 3. Trades executed / planned (maybe to let people know what one has done, sometimes with an intention to brag about later, but not always) 4. Advises / comments on general trading tactics (they are mostly the same like MM, Patience, Limiting Risk Exposure, etc.)...
Oooo no,i dont want to criticize,just say we have to change our opinions,wrote everything especially when we are drunk on this thread but to trade by ourselfs...
  • #927,393
  • Oct 2, 2014 1:27am Oct 2, 2014 1:27am
Quoting sanvulture
{quote} thats one of the mistakes i usually do.. cutting trades and accepting the losses.. as soon as i exit them with little losses, price will move to my favor.. i have my trades in losses too, but i'll wait for ecb event to cut them, if price moves against me..
yea, that keep happening all the time... the very second i ext for a minor loss...price moves in favor...i wonder how the hell it happens every single time... and also if i think okay i wont accept this loss and wait for reversal... it just falls deeper and against me...

Strange this stuff is....
Whenever i buy the price goes up & whenever i sell the the price goes down!
  • #927,394
  • Oct 2, 2014 1:28am Oct 2, 2014 1:28am
The EURUSD had a narrow range day yesterday and is likely sidelined waiting for today’s European Central Bank (ECB) interest rate decision and monetary policy statement and press conference.
Want to learn more: HTO Trading
  • #927,395
  • Oct 2, 2014 1:28am Oct 2, 2014 1:28am
Quoting OnlineAddict
{quote} How does it make me long biased if I want to short from higher? Or being short biased means EU only goes down and not even 5 pips up? Ever? Plus, I said, that a bounce is near...since retail keeps adding shorts...I just don't know where...maybe 2590, maybe 2550, maybe 2490 or maybe now, if we get above 2661 and close there...but its going to happen and bulls will get 200 pips, at least.
Maybe today's 2590...maybe thats where our pullback for at least 200 pips starts...while still short biased, I am waiting for this for the past week...like I said, sentiment is changing, we are below a 2012 low, so its a good time for a small bounce. But Draghi can mess all this up tomorrow, so its safer to wait...if even ECB doesn't create a new low(below 2570), then longs should be finally safe for a while.

If there was no ECB tomorrow, the H1, H4 and Daily are clear bull set ups, so careful with shorts, so you don't end up in a 100-200 pip drawdown by the end of the week.
Everyone can see the chart, but only a few can actually read it.
  • #927,396
  • Oct 2, 2014 1:32am Oct 2, 2014 1:32am
Quoting LarryDarrell
{quote} https://www.ecb.europa.eu/press/tvse.../index.en.html


Thanks!!!
  • #927,397
  • Oct 2, 2014 1:37am Oct 2, 2014 1:37am
Quoting deylon
{quote} Wow!! Some Excellent guidelines!! Thanks for this! Its a real learning. Mistake 1 : NO proper entry ponts. Mistake 2 : NO SL Mistake 3 |overtrading| I will consider what you have suggested about the DEMO account. Thanks again Maxdoom moreover i exited those trade around 1.263XX in the anticipation that this may touch 1.27xx (acceptable losses)
u should have waited at least until LON open.. there's always a chance for some euro sell-off..
Dont trade like me..
  • #927,398
  • Oct 2, 2014 1:40am Oct 2, 2014 1:40am
Quoting deylon
{quote} yea, that keep happening all the time... the very second i ext for a minor loss...price moves in favor...i wonder how the hell it happens every single time... and also if i think okay i wont accept this loss and wait for reversal... it just falls deeper and against me... Strange this stuff is....
it's because you are entering and exiting in the noise zone price moves freely there...
  • #927,399
  • Oct 2, 2014 1:40am Oct 2, 2014 1:40am
looking to defend 2619
If you are new to Forex? Say Goodbye to your account!!
  • #927,400
  • Oct 2, 2014 1:43am Oct 2, 2014 1:43am
Quoting MickeyBlue
short 35
closed +9
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