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  • #21,741
  • Aug 19, 2015 7:20am Aug 19, 2015 7:20am
Quoting YvetteTeo
{quote} There goes your trigger. Good luck! ​
No trigger yet- This is the link to FULL ANALYSIS
  • #21,742
  • Aug 19, 2015 12:35pm Aug 19, 2015 12:35pm
I warned about this.

Quoting T@rantula
This is also important to watch for {image}
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  • #21,743
  • Aug 19, 2015 6:42pm Aug 19, 2015 6:42pm
Quoting T@rantula
{quote} No trigger yet- This is the link to FULL ANALYSIS
Oh my GOD! That reply was meant for another thread! How'd it get here, LOL.
Luck shines on the positive.
  • #21,744
  • Aug 19, 2015 6:44pm Aug 19, 2015 6:44pm
what a doozy for the EURUSD
still not concerned though...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #21,745
  • Aug 19, 2015 6:50pm Aug 19, 2015 6:50pm
Quoting fxtyrant
what a doozy for the EURUSD still not concerned though...
Good enough to trigger more shorts while I've already taken some off this week's low so far. Trying to incorporate daily swing trades while still maintaining long term trend trades, which have been paying off so far.

Would be interesting to watch if previous resistance at 1.12 gets taken.
Luck shines on the positive.
  • #21,746
  • Aug 19, 2015 6:55pm Aug 19, 2015 6:55pm
your analysis might be good, but it just dont happen yet. at least not yesterday or coming days.
let's see sept.
btw, i enjoyed my longing yesterday with more 10% return, beside was called as fool amateur

hope we keep getting green pips
  • #21,747
  • Aug 19, 2015 7:21pm Aug 19, 2015 7:21pm
Quoting YvetteTeo
{quote} Good enough to trigger more shorts while I've already taken some off this week's low so far. Trying to incorporate daily swing trades while still maintaining long term trend trades, which have been paying off so far. Would be interesting to watch if previous resistance at 1.12 gets taken.
I too am remaining bearish on the EURUSD. despite what my Standard account is showing only 1 short on EURUSD.
I actually apply grid trading method on my aggressive account,
after the initial entry of 1.0780 (regard it as 1.08), been adding 1/10th the initial trade's size every 50 pips up... but taking profit on those every 50 pips back down, and will repeat...

so I have somewhat more than made up for the drawdown im holding lol...

PS. I doubt about revisiting 1.12 again..... 1.1140 Is a level im watching closely....
draw a trendline from the high of 1.1213 and then the lower high at 1.1188, you will see we are right now testing that line.... and still below it.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #21,748
  • Aug 19, 2015 7:41pm Aug 19, 2015 7:41pm
Quoting fxtyrant
{quote} I too am remaining bearish on the EURUSD. despite what my Standard account is showing only 1 short on EURUSD. I actually apply grid trading method on my aggressive account, after the initial entry of 1.0780 (regard it as 1.08), been adding 1/10th the initial trade's size every 50 pips up... but taking profit on those every 50 pips back down, and will repeat... so I have somewhat more than made up for the drawdown im holding lol... PS. I doubt about revisiting 1.12 again..... 1.1140 Is a level im watching closely.... draw a trendline from...
Thats what I'm doing, grid trading method. Managed to hit my 1.1150 short, which is why I'm looking to 1.12 next which was the supposed resistance.
But as with most recent resistances, it comes with a stop hunt which can easily mislead traders into believing in a trend shift. That is why I think 1.12 is a level to watch, but it doesn't actually matter for me,
Luck shines on the positive.
  • #21,749
  • Aug 19, 2015 7:43pm Aug 19, 2015 7:43pm
Quoting YvetteTeo
{quote} Thats what I'm doing, grid trading method. Managed to hit my 1.1150 short, which is why I'm looking to 1.12 next which was the supposed resistance. But as with most recent resistances, it comes with a stop hunt which can easily mislead traders into believing in a trend shift. That is why I think 1.12 is a level to watch, but it doesn't actually matter for me,
glad to know someone does the same thing I do with my aggressive account.
interesting....

btw do you aim for 50 pip TP every 50 pip up?
and once TP reload the Pending again?
that's what im doing...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #21,750
  • Aug 19, 2015 7:52pm Aug 19, 2015 7:52pm
Quoting fxtyrant
{quote} glad to know someone does the same thing I do with my aggressive account. interesting.... btw do you aim for 50 pip TP every 50 pip up? and once TP reload the Pending again? that's what im doing...
Yup, but I usually leave a trailing stop instead of aiming for 50 pips because my TP/SL is the 1 day support and resistance (which is now somewhere along 1.075 and 1.155). So far the gains are pretty much 50-100 pips before TP and then pending reload.

I am all into risk management, and I find grid trading very good for minimising risk. Although some can argue that you make lesser profit by spreading out your trades. I'd rather reduce my risk and still do well in the long run.
Luck shines on the positive.
  • #21,751
  • Aug 19, 2015 7:59pm Aug 19, 2015 7:59pm
Quoting YvetteTeo
{quote} Yup, but I usually leave a trailing stop instead of aiming for 50 pips because my TP/SL is the 1 day support and resistance (which is now somewhere along 1.075 and 1.155). So far the gains are pretty much 50-100 pips before TP and then pending reload. I am all into risk management, and I find grid trading very good for minimising risk. Although some can argue that you make lesser profit by spreading out your trades. I'd rather reduce my risk and still do well in the long run.
spreading out the trades actually maybe beneficial if like me your initial entry accuracy is not always pin point.... and if theres volatility and lack of direction, grid is the way to make a few bucks here and there to cushion the trades.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #21,752
  • Aug 20, 2015 12:34am Aug 20, 2015 12:34am
Also UJ and EU are highly negatively correlated . This is AM Correlation Matrix. Very useful tool. Also FOMC always has a big impact on market. Some days are not meant for trading. Relax and cherry pick.

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  • #21,753
  • Aug 20, 2015 12:44am Aug 20, 2015 12:44am
EURUSD Pivot Points for today

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  • #21,754
  • Aug 20, 2015 1:08am Aug 20, 2015 1:08am
Quoting T@rantula
EURUSD Pivot Points for today {image}
I would say a retest of 1.11 looks inevitable. but the last H1 candle looks weird.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #21,755
  • Aug 20, 2015 1:14am Aug 20, 2015 1:14am
Quoting fxtyrant
{quote} I would say a retest of 1.11 looks inevitable. but the last H1 candle looks weird.
Market will anticipate this and consolidate prior to:

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Also there is a probability of upper part of wedge retest as I explained HERE
  • #21,756
  • Aug 20, 2015 1:25am Aug 20, 2015 1:25am
Quoting T@rantula
{quote} Market will anticipate this and consolidate prior to: {image} Also there is a probability of upper part of wedge retest as I explained HERE
I found resistance at 1.1140 ive sent you a screen cap on it on twitter have you seen it??
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #21,757
  • Aug 20, 2015 2:06am Aug 20, 2015 2:06am
Quoting fxtyrant
{quote} I found resistance at 1.1140 ive sent you a screen cap on it on twitter have you seen it??
Ill check it now. yes its resistance, but i expect it to be breoken
  • #21,758
  • Aug 20, 2015 2:10am Aug 20, 2015 2:10am
Quoting T@rantula
{quote} Ill check it now. yes its resistance, but i expect it to be breoken
H1 broke and closed above it.... now lets see if we get a retest with a clean rejection or a fake break.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #21,759
  • Aug 20, 2015 2:44am Aug 20, 2015 2:44am
Quoting fxtyrant
{quote} H1 broke and closed above it.... now lets see if we get a retest with a clean rejection or a fake break.
Or we can see my 1.12 resistance tested and get a clear rejection. Lol.
P.s. so i can load another short
Luck shines on the positive.
  • #21,760
  • Aug 20, 2015 2:51am Aug 20, 2015 2:51am
Quoting YvetteTeo
{quote} Or we can see my 1.12 resistance tested and get a clear rejection. Lol. P.s. so i can load another short
yea 1.1150 short triggered though.

anyways I don't think we go any higher than 1.11713 today.
H1 has all sorts of divergence signals. so we're probably gona slow down now. and H4 might close back below 1.1140 to make this whole move a fake breakout.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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