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MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

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  • #1,053,041
  • Jan 28, 2016 2:15pm Jan 28, 2016 2:15pm
Quoting KiwiTrada
{quote} cable 4hr has printed a nice falling wedge with reasonable cheap entry @ lower tl, wee problem that geppy still has a little room south, worth an eyeball, she could bounce at least to the upper tl, if both head south, more pain for gbp
wedge utl holding so far, did get pierced by wick but body is below 4hr possible leg back down, internal falling tl could prove handy for bulls on retest from above, was thinking normal dynamics should have sent her north (counter wedge), if she makes the ltl, would expect her to blast through,
If you are new to Forex? Say Goodbye to your account!!
  • #1,053,042
  • Jan 28, 2016 2:19pm Jan 28, 2016 2:19pm
Quoting Shiv999
{quote} Ah! Indeed.. I would have entered trades to average my price and bring it up to 1.08750... MY PERSONAL OPINION, NO SUGGESTION
I already brought the level up to that point, seems to be a good support there and maybe it wont break down from that level anymore.
  • #1,053,043
  • Jan 28, 2016 2:22pm Jan 28, 2016 2:22pm
Quoting Shiv999
{quote} ?
was agreeing with that! lol...

FX is dirty, crazy and often unhinges from any fundamental or technical model we can develop (which is where behavioral/mental and portfolio flow models for some of us come into play). Which is why - as you point out - leverage has to be kept in check. Trade small, live long.
When you hit 50, coffee becomes part of a proper modeling pipeline.
  • #1,053,044
  • Jan 28, 2016 2:25pm Jan 28, 2016 2:25pm
Quoting TheFxAnalyst
{quote} was agreeing with that! lol... FX is dirty, crazy and often unhinges from any fundamental or technical model we can develop (which is where behavioral/mental and portfolio flow models for some of us come into play). Which is why - as you point out - leverage has to be kept in check. Trade small, live long.


.... and the number one reason why most EA fails, 100 small trades in Green and 1 or 2 trades in red blow all the profit as well as capital...
Losers Hope, Winners Believe
  • #1,053,045
  • Jan 28, 2016 2:26pm Jan 28, 2016 2:26pm
Quoting Andrys1995
{quote} I already brought the level up to that point, seems to be a good support there and maybe it wont break down from that level anymore.
good job..
Losers Hope, Winners Believe
  • #1,053,046
  • Jan 28, 2016 2:29pm Jan 28, 2016 2:29pm
Quoting TheFxAnalyst
{quote} was agreeing with that! lol... FX is dirty, crazy and often unhinges from any fundamental or technical model we can develop (which is where behavioral/mental and portfolio flow models for some of us come into play). Which is why - as you point out - leverage has to be kept in check. Trade small, live long.
I totally agree, high leverage is bad, especially when you are trading without sl. Small positions which give you the ability to be comfortable while the trade goes 100+ pips against you, seem to be growing the account over the long term.
  • #1,053,047
  • Jan 28, 2016 2:45pm Jan 28, 2016 2:45pm
Short @1.0965 and 1.0950
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Short at 1.0965 tp 1.0850.png Size: 16 KB
  • #1,053,048
  • Jan 28, 2016 2:52pm Jan 28, 2016 2:52pm
Quoting Rockerzeus
{quote} Using Nokia 5140 for 11 years before that it was Nokia 7110, since 5140 never look forward
  • #1,053,049
  • Jan 28, 2016 2:57pm Jan 28, 2016 2:57pm
Quoting Andrys1995
{quote} I totally agree, high leverage is bad, especially when you are trading without sl. Small positions which give you the ability to be comfortable while the trade goes 100+ pips against you, seem to be growing the account over the long term.
I can't speak for anyone else and never criticize other systems, but that's my conclusion as well. I'm personally much more comfortable sitting on the sidelines and targeting what I think is going to be a 300 to 500 pip move over a couple of months even if it goes against me 100 or more pips. That of course means I have to trade really small, but there is a comfort in that as well. Surprises and shocks don't hurt as bad (well the SNB hurt anyone who was on the wrong side).
When you hit 50, coffee becomes part of a proper modeling pipeline.
  • #1,053,050
  • Jan 28, 2016 3:10pm Jan 28, 2016 3:10pm
Quoting TheFxAnalyst
{quote} I can't speak for anyone else and never criticize other systems, but that's my conclusion as well. I'm personally much more comfortable sitting on the sidelines and targeting what I think is going to be a 300 to 500 pip move over a couple of months even if it goes against me 100 or more pips. That of course means I have to trade really small, but there is a comfort in that as well. Surprises and shocks don't hurt as bad (well the SNB hurt anyone who was on the wrong side).
even those who were on the right side got burnt by corrupt broker behavior freezing out traders,

I do agree that lower leverage is a possible safe guard against major moves against you however that is only true in that instance, if it is to somehow guard against a poor trade plan going wrong, then I disagree, if a trade has a 30pip risk (sl or mental) and it is allowed to go to -100 because of low leverage, that is false security and long term will lead to failure, better to accept the loss as planned (-30) and reassess what went wrong, and improve analysis, long term has better chance of succeeding:nerd:
If you are new to Forex? Say Goodbye to your account!!
  • #1,053,051
  • Jan 28, 2016 3:17pm Jan 28, 2016 3:17pm
Quoting krishelis
Don't be too optimistic about shorts. It will come down at least to 1.0869, but it must come back to 1.0953 again.
Finally 1.0953 hit.
  • #1,053,052
  • Jan 28, 2016 3:24pm Jan 28, 2016 3:24pm
Quoting KiwiTrada
{quote} even those who were on the right side got burnt by corrupt broker behavior freezing out traders, I do agree that lower leverage is a possible safe guard against major moves against you however that is only true in that instance, if it is to somehow guard against a poor trade plan going wrong, then I disagree, if a trade has a 30pip risk (sl or mental) and it is allowed to go to -100 because of low leverage, that is false security and long term will lead to failure, better to accept the loss as planned (-30) and reassess what went wrong,...
I think you're correct on that account. If you've planned a -30 sl (hard, mental or otherwise) and you let it run to -100 you've set yourself up for failure. Because everything is relative, when you plan on being in a trade for weeks it's a pretty safe bet you're going to see a -100 pip swing - or more - here and there. The last trade went against me 200 pips, but I booked 500+. At the end of the day there needs to be a positive expectation that the gain can outweigh the loss - whatever the time-frame - and the system is good enough to be right more often than it's wrong, if even by a small margin. If those pieces fall into place the grind forward will be a lot less painful. Then it's a matter of surviving the cycles inherent in any approach. Some years will be good, others great and some will be losses. Hopefully none so deep that it puts recovery too far out. Nobody wants to spend three or four years getting back to even.
When you hit 50, coffee becomes part of a proper modeling pipeline.
  • #1,053,053
  • Jan 28, 2016 4:09pm Jan 28, 2016 4:09pm
This would be a textbook move today
1.0940 --> 1.0910 --> 1.1060
  • #1,053,054
  • Jan 28, 2016 4:20pm Jan 28, 2016 4:20pm
Hello All,

I think they sell DAX and Italy but bought SP500 for only one reason. Expensive EUR cheap US dollar.. If eurusd 1.095 tomorrow, they wont buy dax(only some reaction of todays loss) and we will see eurusd decline..then we will see if they will buy with more expensive dollar tomorrow and this will direct the market

moreover eurusd almost hit 100 day moving average today and restricted via slightly bearish daily trend line. tomorrow its 1.0975. above, there is 233 day moving average around 1.1010(theres also daily Itchimoku cloud SENKOU SPAN limit here) I dont think it can pass it

if the data will be announced comes so bad, theres a trendline on 1.106 (here also lower line of Itch. cloud WEEKLY here) and 200 ma at 1.1109 (=usdeur 0.90)

4H and Daily stochastic, CCI , RSI seem overbought to me. due to all these I suggest to never go long tomorrow, it is sensible to short around 1.097-1.10, if it is persistent to stay on 1.098 for "hourly close" closing the short position and if not with a stop Loss around 1.1035-1.1040..

I suggest to delete this stop loss order before high volatile data announcements and watch to close manually if market goes against to you for not getting stop hunted
money ain't shit,i'm the shit..
  • #1,053,055
  • Jan 28, 2016 4:48pm Jan 28, 2016 4:48pm
Quoting gatorinla
{quote} timing..those swiss watches ain't what they used to be.
http://www.japantoday.com/category/b...ime-since-2009
  • #1,053,056
  • Jan 28, 2016 5:04pm Jan 28, 2016 5:04pm
The range between the 1.0700 level and the 1.1000 level is still holding on the EURUSD. The pair came close to the 1.1000 but it loses momentum around that zone.
  • #1,053,057
  • Jan 28, 2016 5:26pm Jan 28, 2016 5:26pm
Quoting TheFxAnalyst
{quote} I think you're correct on that account. If you've planned a -30 sl (hard, mental or otherwise) and you let it run to -100 you've set yourself up for failure. Because everything is relative, when you plan on being in a trade for weeks it's a pretty safe bet you're going to see a -100 pip swing - or more - here and there. The last trade went against me 200 pips, but I booked 500+. At the end of the day there needs to be a positive expectation that the gain can outweigh the loss - whatever the time-frame - and the system is good enough to be...
I have to say I agree with you. As a noob since Sept 2015 the main thing I struggle with is entry. It seems every time I use a small SL (40-50 pips) in the 4 HR TF
I get stopped out, which causes frustration, which in turn causes me to overtrade. If I'm trading in the 4 HR TF, and I have a 100 pip SL, I seem to do ok. If you use a RR of 2:1, then your target has to be 200 pips or so some would say.....The times I do well on trades +193 pips etc, I have used a bigger SL, but I also know if I continue to use large SL the law of averages will catch up and losses will exceed profits. So to me it appears that correct entry is one of my hang ups. Like you said before, it's not simple, if it was everyone would be winners.
Maybe I'm not focusing on the right thing at this point?
How many people here have telekenetic powers?...raise my hand
  • #1,053,058
  • Jan 28, 2016 6:05pm Jan 28, 2016 6:05pm
Quoting WestCoastCat
{quote} I have to say I agree with you. As a noob since Sept 2015 the main thing I struggle with is entry. It seems every time I use a small SL (40-50 pips) in the 4 HR TF I get stopped out, which causes frustration, which in turn causes me to overtrade. If I'm trading in the 4 HR TF, and I have a 100 pip SL, I seem to do ok. If you use a RR of 2:1, then your target has to be 200 pips or so some would say.....The times I do well on trades +193 pips etc, I have used a bigger SL, but I also know if I continue to use large SL the law of averages will...

You can spend a lifetime trying to perfect entry and exit and you'll only make yourself miserable. I know a lot of people will disagree with this and that's okay, for me, I scale in. If I know I'm going to put on ten full lots and I'm trading off a weekly signals, I'll only add one or two positions a week. I've never had much luck with timing, especially with the machine learning models which always seemed to be early into a move, and this is just easier for me emotionally to deal with. Having said that, I did some research back in the mid 2k's that seemed to suggest taking all your exposure in the very beginning was the most profitable way of trading (at the time anyway). But, trading is also about doing what works for you mentally. If you find yourself awake all night worrying about shit, then you'll never stick with it. You have to build an approach around your strengths and weaknesses. Trading, when it's all said and done, is a pretty personal thing.
When you hit 50, coffee becomes part of a proper modeling pipeline.
  • #1,053,059
  • Jan 28, 2016 6:21pm Jan 28, 2016 6:21pm
Quoting TheFxAnalyst
{quote} You can spend a lifetime trying to perfect entry and exit and you'll only make yourself miserable. I know a lot of people will disagree with this and that's okay, for me, I scale in. If I know I'm going to put on ten full lots and I'm trading off a weekly signals, I'll only add one or two positions a week. I've never had much luck with timing, especially with the machine learning models which always seemed to be early into a move, and this is just easier for me emotionally to deal with. Having said that, I did some research back in the mid...
Thanks for reply and encouragement. As I look back over my log, and know my current tendencies I believe you are right, I'm getting in too soon. Sounds like I need to work on first impulses when evaluating my chart/data and not get overly excited and hurry to get in. As been stated many times before...patience.
I'm ok taking a step at a time, I can back off and re-evaluate.
How many people here have telekenetic powers?...raise my hand
  • #1,053,060
  • Jan 28, 2016 8:15pm Jan 28, 2016 8:15pm
Quoting gatorinla
trade sucks being so close to 0964.. i need -0950 closed below. if not it may help support into 0864 0964 test. london roll
typo
s/o 0955 trade like posted.
along with 0810, now 0829 retrace missed. signs of a strong bull in hiding.
i was looking for eu minimal 1086. usdx has more room than 1086 suggest.
those who can, do. those who cant, talk about those who can
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