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EURUSD

  • #992,101
  • May 21, 2015 8:36pm May 21, 2015 8:36pm
Quoting FxLapozi
{quote} Hedge and win both sides. That's the plan...
good luck...
  • #992,102
  • May 21, 2015 8:40pm May 21, 2015 8:40pm
Quoting verified
{quote} Thank you anyways for sharing your motivation for the trade. It's no explanation though ... I wish you GL with the trade !
It's not something that can be learned overnight. Took me about a year apprenticeship, along with a confidentiality agreement that I had to sign. If you look at price action on N/U right now, you can see that there are a lot of sell orders in this area. That's validation to me that there are other professionals wanting to sell here. Now, bulls could chew through it, but, this is a very high probability trade that I take all the time and it's worth the risk. I'm just pissed that my .7398 might not get hit
Don't trade the noise
  • #992,103
  • May 21, 2015 8:49pm May 21, 2015 8:49pm
Quoting TTFXHammer
{quote} Not trying to be rude, but you most likely won't ever understand how I trade. I was fortunate enough to be trained by a major major player in the forex world. They use certain math and certain technical things to place their orders. If this pair is going to turn soon, (I trade the 4 hour trend), it should do so around this area. If I'm wrong, I lost about 40 pips...if I'm right, I'll bag about 200. Don't try and trade as I trade, trade what you see
Looking @ the 4H, wouldn't you consider the breaking of the fractal the trend reversal here?
What do you use as "4H trend"?
I'm thinking bullish as long as it's above the .7340ish area.
Thanks
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  • #992,104
  • May 21, 2015 8:50pm May 21, 2015 8:50pm
Quoting Pharm0r
{quote} good luck...
Dealing after the news event works. I had buy stop one time for a news and it got filled after 30 pips slippage.
Intraday only.
  • #992,105
  • May 21, 2015 8:52pm May 21, 2015 8:52pm
I like sun flower

Attached Image
  • #992,106
  • May 21, 2015 8:54pm May 21, 2015 8:54pm
Price did come down by 10 pips already, so the decision is ok when he exits in time. On my chart H4 trend is up but everything else points down. At least a free trade now.
  • #992,107
  • May 21, 2015 8:54pm May 21, 2015 8:54pm
Quoting Ken A
I like sun flower {image}
  • #992,108
  • May 21, 2015 8:56pm May 21, 2015 8:56pm
Quoting srt
{quote} Looking @ the 4H, wouldn't you consider the breaking of the fractal the trend reversal here? What do you use as "4H trend"? I'm thinking bullish as long as it's above the .7340ish area. Thanks {image}
It's possible, but those breaks are much stronger when they're in line with major trend. I'm also considering the USD strength after the crappy data earlier...it didn't budge. If they are making a major reversal here, they still need to come back some and build proper structure. Again, this is a trade recognized by banks and other professionals, most retail will never understand it. This setup is 90% successful for me, so I trade the hell out of them when I see them
Don't trade the noise
  • #992,109
  • May 21, 2015 8:59pm May 21, 2015 8:59pm
Quoting verified
Price did come down by 10 pips already, so the decision is ok when he exits in time. On my chart H4 trend is up but everything else points down. At least a free trade now.
How do you see a 4 hour up trend on N/U? You do realize that you need to look back more than 3 candles, right?
Don't trade the noise
  • #992,110
  • May 21, 2015 8:59pm May 21, 2015 8:59pm
Quoting Tom_D_Trader
{quote} Yy, 1,1 perf target, but I have already told you am greedy, so just reloaded portfolio. Was clicking fast so its not precise , but I will deleverage on Yen pretty soon and load up more gold and GBP. Still short USD. T {image}
Am keeping it tight, as market still can be targetting 1,1 - stops pretty close and will move BE soon (after 1,114 break - if no break I may TP) and forming bearish flag. As I ve said, is just greed. TP at 1,121 is a partial. Rest is for 61% and potentially break, should UJ+Nikkei allow.
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"I know one thing, that I know nothing." Sokrates
  • #992,111
  • May 21, 2015 8:59pm May 21, 2015 8:59pm
Quoting TTFXHammer
{quote} It's possible, but those breaks are much stronger when they're in line with major trend. I'm also considering the USD strength after the crappy data earlier...it didn't budge. If they are making a major reversal here, they still need to come back some and build proper structure. Again, this is a trade recognized by banks and other professionals, most retail will never understand it. This setup is 90% successful for me, so I trade the hell out of them when I see them
Thanks
  • #992,112
  • May 21, 2015 9:01pm May 21, 2015 9:01pm
Quoting TTFXHammer
{quote} How do you see a 4 hour up trend on N/U? You do realize that you need to look back more than 3 candles, right?
Lookback = Screen width ( 60+ candles ). H4 trend = 5e / 10e MA cross on H4.

I did not want to critisize you, I did try to understand. Sorry when there has been room for misunderstanding.

Best, V.
  • #992,113
  • May 21, 2015 9:10pm May 21, 2015 9:10pm
Quoting verified
{quote} Lookback = Screen width ( 60+ candles ). H4 trend = 5e / 10e MA cross on H4.
I'll give you a hint...you won't find moving averages on any bankers chart. Trading a moving average crossover probably wipes out more accounts than any other thing
Don't trade the noise
  • #992,114
  • May 21, 2015 9:15pm May 21, 2015 9:15pm
I like your trading style TTFXHammer. Great stuff. Great minds think alike.
It's always part of a bigger plan
  • #992,115
  • May 21, 2015 9:16pm May 21, 2015 9:16pm
Quoting verified
{quote} Lookback = Screen width ( 60+ candles ). H4 trend = 5e / 10e MA cross on H4. I did not want to critisize you, I did try to understand. Sorry when there has been room for misunderstanding. Best, V.
No worries man, you have to trade what you see
Don't trade the noise
  • #992,116
  • May 21, 2015 9:30pm May 21, 2015 9:30pm
I will certainly try to learn more about trends as you stated in your posting. Now, does this mean that for bankers today's EURUSD trend is clearly down ? I can understand in case you could not answer without violating your non-disclosure agreement.

Best, V.
  • #992,117
  • May 21, 2015 9:41pm May 21, 2015 9:41pm
Quoting verified
I will certainly try to learn more about trends as you stated in your posting. Now, does this mean that for bankers today's EURUSD trend is clearly down ? I can understand in case you could not answer without violating your non-disclosure agreement. Best, V.
Everyone can see that E/U has been going down all week. It's probably best to stay away from trading the New York session tomorrow due everything going on b/c anything can happen. I had a short on E/U and a long on U/CAD that I put on about 11 hours ago....I took them off about 6 hours ago at breakeven b/c I don't want to be in too many trades with all the news coming up. Only reason I took this trade on N/U is because of the particular set up and I'm willing to eat the risk if I'm wrong. E/U I will get back in if it shows me something in London but will most likely exit before New York unless I'm way in profit. Will put a sell stop to get in E/U around the 1.1090 area and target 1.0994....but with small size. Friday trading is dangerous enough as it is, add in all the news and it's bound to cause some fireworks. If you do trade New York tomorrow, tread lightly
Don't trade the noise
  • #992,118
  • May 21, 2015 9:43pm May 21, 2015 9:43pm
thanks !
  • #992,119
  • May 21, 2015 9:50pm May 21, 2015 9:50pm
Quoting TTFXHammer
{quote} Everyone can see that E/U has been going down all week. It's probably best to stay away from trading the New York session tomorrow due everything going on b/c anything can happen. I had a short on E/U and a long on U/CAD that I put on about 11 hours ago....I took them off about 6 hours ago at breakeven b/c I don't want to be in too many trades with all the news coming up. Only reason I took this trade on N/U is because of the particular set up and I'm willing to eat the risk if I'm wrong. E/U I will get back in if it shows me something in...
thanks
  • #992,120
  • May 21, 2015 10:06pm May 21, 2015 10:06pm
GBPUSD strategy...
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