Ruble USD 4:0
Hockey world chempionship
Stoploss
Hockey world chempionship
Stoploss
- #990,106
- May 16, 2015 4:31pm May 16, 2015 4:31pm
- Joined Aug 2012 | Status: Love for all; Hatred for none | 3,566 Posts
{quote} Yes agree, because it seems this is the only target you will get. Money do not appear to be one of your targets.. I say this because I see you have better potential to have more profits but your trading is soooooo conservative and you hedge a lot. You were right several times, but hedging has reduced your profit.
Yes I am too conservative, because I am part time trader and it is not my full time job. I am not in front of computer during peak hours (LO and NYO) but my trades are 100% (time in trade). I don't really even bother about FOMC and NFP. Hedging or something else I don't know
Love for all; Hatred for none.
- #990,107
- May 16, 2015 5:53pm May 16, 2015 5:53pm
- Joined Jun 2012 | Status: ケンジ | 21,416 Posts
{quote} EURUSD So far so good. We have bounce at the top 1.618 Gartley on D1 + WR1 and now the question is whether this only a bounce or retracement to 1.1000, the completion of ABCD H4 below implies failure of Gartley D1, we know that when these patterns fail they fail miserably, so that would mean 1.1469 and possibly 1.1550. Plan for tomorrow is to trade rejection of 1.1324 or 1.1286, if this is only bounce those levels should be sufficient, H4 closes below the second will be complicated for bulls.http://www.forexfactory.com/attachme...1&d=1431547045...
Where exactly you draw the ABC from? Since you posted the above on May 13, 2015 on H4, is it no 1, 2, 3 or 4 below?
Your numbers seem to derive from and mixed of Gartley, Harmonic, Standard Pivot calculation and historical S/R ....
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- #990,110
- Edited 8:04pm May 16, 2015 7:46pm | Edited 8:04pm
- Joined Aug 2012 | Status: Trends, Levels, Confirmation, Bayes | 1,834 Posts
Not interested in the direction really, but, didn't E/U just break a significant level/channel at 1.2 at the start of this year? this thing might be doing a retest of that level before heading down more...
Most breakouts follow this pattern... Just look at NZD/USD on the weekly chart. It broke the 0.77 level and then retested it and moving back down. For EUR/USD this is on the monthly chart at 1.21 or so...
Good luck with the shorts here... just follow price imo.
there's another scenario -- false break. That one would be scary but very profitable if played right... EUR could shoot up to 1.3-1.4 end of this year. so just follow the 4H/D1 trend (unless you are unleveraged and trading on the weekly time frame but I doubt so)... don't guess the direction. Right now, both are uptrend, so I don't see any reason to short. Things could change next week, sure, but till then...
counter-trend plays can be great, but in general, they carry higher risk and have less proven edge unless you really really really know what you are doing... Tough plays that only work in very specific conditions.
***
Another note: I bet that in hindsight, if this really were to be a false break, gurus will be pointing at the ENGULFING monthly candle and saying that they saw it coming all along and how the downmove from start of the year was the exhaustion move and bear trap yada yada... lol.
Also, wouldn't it be ironic if EURO instead of reaching parity, ended up reaching 2.00 against the dollar in the next decade??? If you look to the left of the chart, some might argue this was the end of a wave-2 in a supercycle of sorts.. and now we are beginning wave 3 up.. lol. After all, US did QE 3 times and look at what happened to it in the previous year??? QE = short term drop, medium term up, long term drop???
My point is, unless you are trading the freaking monthly charts unleveraged, there's really no value in these guesses/predictions.
Most breakouts follow this pattern... Just look at NZD/USD on the weekly chart. It broke the 0.77 level and then retested it and moving back down. For EUR/USD this is on the monthly chart at 1.21 or so...
Good luck with the shorts here... just follow price imo.
there's another scenario -- false break. That one would be scary but very profitable if played right... EUR could shoot up to 1.3-1.4 end of this year. so just follow the 4H/D1 trend (unless you are unleveraged and trading on the weekly time frame but I doubt so)... don't guess the direction. Right now, both are uptrend, so I don't see any reason to short. Things could change next week, sure, but till then...
counter-trend plays can be great, but in general, they carry higher risk and have less proven edge unless you really really really know what you are doing... Tough plays that only work in very specific conditions.
***
Another note: I bet that in hindsight, if this really were to be a false break, gurus will be pointing at the ENGULFING monthly candle and saying that they saw it coming all along and how the downmove from start of the year was the exhaustion move and bear trap yada yada... lol.
Also, wouldn't it be ironic if EURO instead of reaching parity, ended up reaching 2.00 against the dollar in the next decade??? If you look to the left of the chart, some might argue this was the end of a wave-2 in a supercycle of sorts.. and now we are beginning wave 3 up.. lol. After all, US did QE 3 times and look at what happened to it in the previous year??? QE = short term drop, medium term up, long term drop???
My point is, unless you are trading the freaking monthly charts unleveraged, there's really no value in these guesses/predictions.
Build good relationships with others.
- #990,111
- May 16, 2015 7:56pm May 16, 2015 7:56pm
- Joined Apr 2013 | Status: I'm learnding! | 8,973 Posts
- #990,112
- May 16, 2015 8:34pm May 16, 2015 8:34pm
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower
- #990,118
- May 16, 2015 9:37pm May 16, 2015 9:37pm
{quote} You are missing the point kid Not going to argue with smartass
Beside, RockerZeus has explained perhaps what Pedro thought when he built the pattern of ABCD ( C = AB 0.786 and D = CD 1.618) have a good time
edit: just want to share: C is formed from 0.382 up to 0.886 of AB retracement and D is formed from 1.13 up to 2.618 of CD and still valid as ABCD pattern. All i know is you're questioning why its not equal distance, anyway who am i as a smartass to teach a red flagged member
