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EURUSD

  • #949,361
  • Jan 12, 2015 7:27am Jan 12, 2015 7:27am
Quoting TomFord
Something which baffles me, and hopefully someone can explain it to me is why so many people use the term "Stop hunt', but when they identify the price action as being a "stop hunt" why don't they take the trade in the direction of the stop hunt. Although taking no trade is wise, if you believe the market is going to hunt stops, wouldn't it also make sense to follow the "money train", and once price action slows down then take the trade you wanted prior to the stop hunt?

My observation especially at event times (news), the market will move the price up and down in order to hunt for the stops. the "U" turn is often swift and hence perhaps a difficult trade to monitor.

I think it is better to consider the overall sentiment whether it is a bear or bull trend on the timeframe / period you are trading. Then wait for the risk/reward upon the entry point.
  • #949,362
  • Jan 12, 2015 7:32am Jan 12, 2015 7:32am
Quoting slayeruk
{quote} You need a good risk reward ratio in which ever method you are using, every method of trading is playing the odds, fundamental trading does not give you any more advantage over odds than a purely technical trader. I don't think you need to pay attention to the fundamentals at all to be successful. If you think that just riding a losing trade out no matter the draw down, because it will eventually go your way is a good strategy, then I don't know what to say to you, other than trading is not about taking massive wins, its about minimizing...
Sure it does, and I never said anything about trading without a stop loss, I talked about increasing stop losses from 20 and 50 pip stop losses to 100 or more because of keen understanding of fundamentals and knowing which way a market will go. Plus you say Forex trading isn't about taking massive wins.........what if you'd have had a 2 lot long on the USD/JPY since it was at 100.00 because you had recognized the fundamentals of the situation of The BOJ stimulating their economy and devaluing their currency?
  • #949,363
  • Jan 12, 2015 7:42am Jan 12, 2015 7:42am
lol.. now at confused area.. better stay away again for me.. GL everybody..
the true currencies here is patience and react precisely
  • #949,364
  • Jan 12, 2015 7:55am Jan 12, 2015 7:55am
Yes, it is definitely confusing. It is falling and falling and falling.
"I know one thing, that I know nothing." Sokrates
  • #949,365
  • Jan 12, 2015 8:00am Jan 12, 2015 8:00am
Quoting Tom_D_Trader
Yes, it is definitely confusing. It is falling and falling and falling.
Nothing confusing, thats what happens whenbyou ahve a diverging monetayr policy
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #949,366
  • Jan 12, 2015 8:01am Jan 12, 2015 8:01am
Quoting Tom_D_Trader
Yes, it is definitely confusing. It is falling and falling and falling.
  • #949,367
  • Jan 12, 2015 8:02am Jan 12, 2015 8:02am
EURO is very well BID @1790/80 , 1860/70 cap the move up , a break either ways suggests continuation wether correction or keep falling and make a lower low .
Get Rich or Die Tryin
  • #949,368
  • Jan 12, 2015 8:04am Jan 12, 2015 8:04am
Quoting janpec1000
{quote}
Btw, could be UJ long here.
Quoting fxtyrant
Nothing confusing, thats what happens whenbyou ahve a diverging monetayr policy
Sometimes I am so incredibly funny I cant stay in the same room with myself.
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"I know one thing, that I know nothing." Sokrates
  • #949,369
  • Jan 12, 2015 8:05am Jan 12, 2015 8:05am
ok.. i see small sign of down again hope work again like last time.. wish me luck..
the true currencies here is patience and react precisely
  • #949,370
  • Jan 12, 2015 8:06am Jan 12, 2015 8:06am
Quoting Tom_D_Trader
{quote} Btw, could be UJ long here. {image}
i will wait for 18.70, then long with sl 10 pips
  • #949,371
  • Jan 12, 2015 8:08am Jan 12, 2015 8:08am
Short-term buy signal on H4.
f(z)=z2+c
  • #949,372
  • Jan 12, 2015 8:11am Jan 12, 2015 8:11am
Quoting hathor
Short-term buy signal on H4.
Chart with signal on H4? Short-term on H4??? Please explain.
  • #949,373
  • Jan 12, 2015 8:12am Jan 12, 2015 8:12am
Quoting Tom_D_Trader
{quote} Btw, could be UJ long here. {image}
I am at moment playing only very tight setups on UJ due to conter influence trough many TFs, higher bear, mid bull but bear due to strong pullback, and lower at moment bear. With that said i agree on your entry zone, i am looking for 915 break to start looking for tight longs for 15-20 pip target. Failure of 915 break means more down, and by that i mean aprox 70 pips down today/tomorrow.
I am looking for shorts as long 915 holds to be clear.
IF you look m5/m15 youll notice failure of demand at moment on creation, so 915 has to be broken in order for bulls to take control, otherwise thats gona slide down easy.
  • #949,374
  • Jan 12, 2015 8:13am Jan 12, 2015 8:13am
Quoting mied
ok.. i see small sign of down again hope work again like last time.. wish me luck..
done with 10 pip.. im not feel comfortable to hold atm.. watching again
the true currencies here is patience and react precisely
  • #949,375
  • Jan 12, 2015 8:15am Jan 12, 2015 8:15am
My take on Market.........I see long this week

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  • #949,376
  • Jan 12, 2015 8:18am Jan 12, 2015 8:18am
Quoting RomanBubenik
{quote} i will wait for 18.70, then long with sl 10 pips
Your entry could be better. I dont have SL now, UJ cost me quite a few last week, choppy pair, thought it wont break that puke coloured zone. For me its more of a diversification, I just want to be long USD and exposure to Eur is growing. So I went few UJ longs and GU shorts.
Edit: Btw, am loading and loading . Waiting for overshoot at 1,184 and then I move SL above. Now that TP miss at 1,1785 was not nice, and now TP will be moved a bit lower.
Edit: And please dont laugh, I have stated many times I cant trade intraday . Dunno how the heck can it work. Must be accident.
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"I know one thing, that I know nothing." Sokrates
  • #949,377
  • Jan 12, 2015 8:19am Jan 12, 2015 8:19am
Quoting Tim_isoara
{quote} Chart with signal on H4? Short-term on H4??? Please explain.
Short-term, because:
1. weak signal, because there are no signals in other timeframes
2. entry based on H4, but exit based on lower timeframe (out before current H4 close)
f(z)=z2+c
  • #949,378
  • Jan 12, 2015 8:23am Jan 12, 2015 8:23am
Quoting Tom_D_Trader
{quote} Btw, could be UJ long here. {quote} Sometimes I am so incredibly funny I cant stay in the same room with myself. {image}
follow this trade at the same position
A chart helps those who can read it.
  • #949,379
  • Jan 12, 2015 8:31am Jan 12, 2015 8:31am
I initiated short position sell limit @ 1.1820 stop loss 1.1850 and take profit 1.1790. Any other point of view?
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  • #949,380
  • Jan 12, 2015 8:32am Jan 12, 2015 8:32am
100MA @1834 , a level to stay below for bears to remain in control .
Get Rich or Die Tryin
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