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EURUSD

  • #1,065,921
  • May 3, 2016 6:32pm May 3, 2016 6:32pm
Quoting rahulkghosh
I've been long for weeks...
Wow okay, what time frame do you trade?
  • #1,065,922
  • May 3, 2016 6:34pm May 3, 2016 6:34pm
Quoting ohyeah
{quote} Wow okay, what time frame do you trade?
Dailies and above.
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #1,065,923
  • May 3, 2016 6:36pm May 3, 2016 6:36pm
Quoting rahulkghosh
Dailies and above.
I'm on M15 only. Sometimes, I might look at M5 or M30 or even H1 rarely but M15 works good enough.
  • #1,065,924
  • May 3, 2016 6:40pm May 3, 2016 6:40pm
Quoting Don96
{quote} So you do 12 % a month ? Approx?
Correct.
  • #1,065,925
  • May 3, 2016 6:54pm May 3, 2016 6:54pm
Quoting ohyeah
{quote} I'm on M15 only. Sometimes, I might look at M5 or M30 or even H1 rarely but M15 works good enough.
The dailies are where the big money is. You can't make more than a billion dollars a year if you are not holding positions overnight.
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #1,065,926
  • May 3, 2016 6:56pm May 3, 2016 6:56pm
Quoting rahulkghosh
The dailies are where the big money is. You can't make more than a billion dollars a year if you are not holding positions overnight.
Wow okay, well I'm outside of that circle or club but it is good to know how that works
  • #1,065,927
  • May 3, 2016 7:04pm May 3, 2016 7:04pm
Quoting ohyeah
{quote} Wow okay, well I'm outside of that circle or club but it is good to know how that works
You can be in that club/circle within the next 2 decades if you focus and play smart.
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #1,065,928
  • May 3, 2016 7:06pm May 3, 2016 7:06pm
Quoting rahulkghosh
You can be in that club/circle within the next 2 decades if you focus and play smart.
I appreciate the encouragement but I'll be old by then. I'm just trying to make a few pips so I don't have to go to my day job.
  • #1,065,929
  • May 3, 2016 7:21pm May 3, 2016 7:21pm
Is that a bearish signal on the EURUSD ?
Attached Image (click to enlarge)
Click to Enlarge Name: bearish.png Size: 42 KB
Drawdown is more important than Account Size !
  • #1,065,930
  • May 3, 2016 7:25pm May 3, 2016 7:25pm
Quoting procrude
Is that a bearish signal on the EURUSD ? {image}
No it's a bullish signal because more FUCKING FOOLS will go short.
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #1,065,931
  • May 3, 2016 7:34pm May 3, 2016 7:34pm
Quoting rahulkghosh
No it's a bullish signal because more FUCKING FOOLS will go short.
Hey now, I'm currently selling on M15 (currently about 30 pips in profit). I hope that wasn't directed at me

I do have a question for you though, do you think what retail traders do has any impact on the market? It'd be good to get the perspective of a professional in this business.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 39 KB
  • #1,065,932
  • May 3, 2016 8:00pm May 3, 2016 8:00pm
The EURUSD retraces to the downside, but the bullish trend is still in place. The pullback may be used as an opportunity by new buyers.
  • #1,065,933
  • May 3, 2016 8:07pm May 3, 2016 8:07pm
Quoting trademark
The EURUSD retraces to the downside, but the bullish trend is still in place. The pullback may be used as an opportunity by new buyers.
trademark, if and when that time comes, I'll enter into a buy when it's time. I'm not a long-term trader (1 to 3 days is the longest I've ever held a trade for 300+ pips in profit). For now though, I'm selling. I'm terrible at predicting the future when it's H4 and above. I leave that to the professionals
  • #1,065,934
  • May 3, 2016 8:15pm May 3, 2016 8:15pm
Daily chart is showing a candle with a small body at the bottom and a long upper wick (nearly 90 pips long). There was a 403 pip move from 1.1214 to 1.1617. I would expect the price to move down to 1.1463 and if that breaks decisively, next target would be 1.1367.
  • #1,065,935
  • May 3, 2016 8:29pm May 3, 2016 8:29pm
Quoting moving50
Daily chart is showing a candle with a small body at the bottom and a long upper wick (nearly 90 pips long). There was a 403 pip move from 1.1214 to 1.1617. I would expect the price to move down to 1.1463 and if that breaks decisively, next target would be 1.1367.
Thanks for the insight moving50. Your narrative is inline with my current sell.
  • #1,065,936
  • May 3, 2016 8:40pm May 3, 2016 8:40pm
Quoting ohyeah
{quote} Hey now, I'm currently selling on M15 (currently about 30 pips in profit). I hope that wasn't directed at me I do have a question for you though, do you think what retail traders do has any impact on the market? It'd be good to get the perspective of a professional in this business. {image}
lol. that wasn't directed at you. Yes I believe retail traders have a very huge impact on this market. They're the sucker money. The Rothschilds make hundreds of billions off them every year.
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #1,065,937
  • May 3, 2016 8:40pm May 3, 2016 8:40pm
wow. EURUSD is being bought up heavily. Looks like it wants to go to 1.18+.
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #1,065,938
  • May 3, 2016 8:42pm May 3, 2016 8:42pm
Quoting rahulkghosh
wow. EURUSD is being bought up heavily. Looks like it wants to go to 1.18+.
You mean 1.20XX + rite ?
Drawdown is more important than Account Size !
  • #1,065,939
  • May 3, 2016 8:42pm May 3, 2016 8:42pm
Quoting rahulkghosh
lol. that wasn't directed at you. Yes I believe retail traders have a very huge impact on this market. They're the sucker money. The Rothschilds make hundreds of billions off them every year.
Okay good to know.
  • #1,065,940
  • May 3, 2016 8:45pm May 3, 2016 8:45pm
Quoting procrude
{quote} You mean 1.20XX + rite ?
Yes. We're going well beyond 1.20XX. But I see that move later. We should see 1.30+ this year in my opinion. 1.70+ within 5 years.
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
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