EURUSD | Page 53591 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

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

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #1,071,801
  • Jul 9, 2016 1:08am Jul 9, 2016 1:08am
Quoting kuekpeow
Set same take profit level 1.12 at IB, CMC, and IG - Orders at both IB and CMC closed, but not at IG... Wanted IG's Metatrader platform to write EA for automated trading, but based on this experience seems like execution is not as good. Any better recommendation for Metatrader platform? {image}
Clearly your order was based on that nice spike upward. Only for you to end up sitting on a +100 pip negative position. My question to you is, why did you buy EUR-USD at the time you did? Were you simply chasing the price action or was it part of plan?
@GJscalper I've turned a new leaf. No more trolling.
  • #1,071,802
  • Jul 9, 2016 1:18am Jul 9, 2016 1:18am
Quoting TradingLife
{quote} You might be correct, but I dont guess, I just go with the strong market move, doesnt matter if it is bullish or bearish. If the market is going down, I sell and if it is going up, I buy. Below is the long trade I took after the short trade. {image}

I would like to congratulate you on your two trades, but because you took those trades right after NFP, clearly it shows your ¨thrill seeking¨ need. Luckly you have a trade explorer, which I decided to take a look at and it clearly supports your claim of ¨Buying when the market is moving up and selling when the market is moving down¨ but that won´t earn you much as I have noticed something very alarming. The time of your trades, on avg is less than 10 mins, but the avg time of your winning trades are around 2 mins, which means that your losing trades are allowed to go against you for much longer as you await a recovery. You waited 4hrs to lose 2% of your account on 19 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: ohyeah.JPG Size: 136 KB


That to me sends many many red flags and with a strong enough move you could easily lose 30-50% of your account on 3 - 4 straight losses. Trading high impact news is very much a trill, but when you guess wrong you will end up holding a very very heavy bag and it won´t be of money.
@GJscalper I've turned a new leaf. No more trolling.
  • #1,071,803
  • Jul 9, 2016 3:24am Jul 9, 2016 3:24am
I think Trade on NFP = Gambling. Trading plan and psychology are very important but most trader not aware and trapped on data.
Attached Image (click to enlarge)
Click to Enlarge Name: EU.jpg Size: 183 KB
  • #1,071,804
  • Jul 9, 2016 9:45am Jul 9, 2016 9:45am
Quoting GJscalper
{quote} I would like to congratulate you on your two trades, but because you took those trades right after NFP, clearly it shows your thrill seeking need. Luckly you have a trade explorer, which I decided to take a look at and it clearly supports your claim of Buying when the market is moving up and selling when the market is moving down but that wont earn you much as I have noticed something very alarming. The time of your trades, on avg is less than 10 mins, but the avg time of your winning trades are around 2 mins, which means that your losing...
Pot calling the kettle black, don't ya think?

Attached Image (click to enlarge)
Click to Enlarge Name: gjscalper-trade-explorer.png Size: 130 KB


Pictured above: GJscalper's deleted trade explorer. But hey, he can lecture you about how you decide to trade, right?
check out my blog: forexmademillionaire dot com
  • #1,071,805
  • Jul 9, 2016 2:13pm Jul 9, 2016 2:13pm
Quoting mbahbejo
I think Trade on NFP = Gambling. Trading plan and psychology are very important but most trader not aware and trapped on data. {image}
Well that is the way most of the people decide to trade. They feel as if they are missing something not realizing that those High impact news are nothing more than traps. With enough experience, one will begin to realize that it is best to sit back and wait till after the NFP dust has settled or simply ignore trading on NFP friday to begin with.
@GJscalper I've turned a new leaf. No more trolling.
  • #1,071,806
  • Jul 9, 2016 2:23pm Jul 9, 2016 2:23pm
Quoting michey77
Trade Explorers --> Money and Lots: Buddies Only ... subscribe!!
Keep up the good work buddy. You are leading by example and you will have many trolls waiting for you to fail so they can throw it in your face. Which is why they don´t post trade explorers because then no one will follow their little scamming blogs.
@GJscalper I've turned a new leaf. No more trolling.
  • #1,071,807
  • Jul 9, 2016 3:50pm Jul 9, 2016 3:50pm
Quoting mbahbejo
I think Trade on NFP = Gambling. Trading plan and psychology are very important but most trader not aware and trapped on data. {image}
I agree, It's really smth like gambling. all plans, indicators are not the only thing, that influence on your success. flexibility and alertness are also important.
  • #1,071,808
  • Jul 10, 2016 2:24am Jul 10, 2016 2:24am
still friends, just not good friends
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 457 KB
When life gives you lemons, make lemonade
  • #1,071,809
  • Jul 10, 2016 8:44am Jul 10, 2016 8:44am
No news on monday, 1025-1035 is a good area to buy during asian session(For another re-test of 1080-1100). Unless asians go higher first. Market will tell...
Everyone can see the chart, but only a few can actually read it.
  • #1,071,810
  • Jul 10, 2016 12:58pm Jul 10, 2016 12:58pm
I expect gap up ....
  • #1,071,811
  • Jul 10, 2016 3:15pm Jul 10, 2016 3:15pm
I would like to wish everyone a profitable week.
@GJscalper I've turned a new leaf. No more trolling.
  • #1,071,812
  • Jul 10, 2016 3:50pm Jul 10, 2016 3:50pm
I have 3 big problem in forex . 1 i make great risk . 2 : i can't see and believe my Los but sometimes you should accept your lost and let it go because if you don't it will born it all -3: i don't have enough patient even when im sure and i close my positions with some small pipes .
However i like forex because i can make 90$from 10$ in 4 days and lose it all in 1 second because i make great risk i should learn move slower but always moving. You can run but if you do you will knock down.
I should learn to expect every thing in every second ,there is a whole world effecting and in this world im like 0.01 cent in 10000 billion Dollars .

Well i just want to share with you my weakness maybe i learn
  • #1,071,813
  • Jul 10, 2016 4:05pm Jul 10, 2016 4:05pm
Green week ahead all...
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,071,814
  • Jul 10, 2016 4:49pm Jul 10, 2016 4:49pm
Quoting Soroushno
I have 3 big problem in forex . 1 i make great risk . 2 : i can't see and believe my Los but sometimes you should accept your lost and let it go because if you don't it will born it all -3: i don't have enough patient even when im sure and i close my positions with some small pipes . However i like forex because i can make 90$from 10$ in 4 days and lose it all in 1 second because i make great risk i should learn move slower but always moving. You can run but if you do you will knock down. I should learn to expect every thing in every second ,there...

Been there
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,071,815
  • Jul 10, 2016 5:13pm Jul 10, 2016 5:13pm
Quoting Soroushno
I have 3 big problem in forex . 1 i make great risk . 2 : i can't see and believe my Los but sometimes you should accept your lost and let it go because if you don't it will born it all -3: i don't have enough patient even when im sure and i close my positions with some small pipes ...
Discipline is important in this business.

KP
Do your homework, follow the footprints of smart money
  • #1,071,816
  • Jul 10, 2016 5:15pm Jul 10, 2016 5:15pm
Quoting dino123
Dear Gurus, Needed your insights to understand what may lie potentially for EURUSD when UK finally decides to invoke Article 50? I personally feel it will be bearish for Euro. many thanks dino
Wait for it and trade what you see.

KP
Do your homework, follow the footprints of smart money
  • #1,071,817
  • Edited 6:15pm Jul 10, 2016 6:02pm | Edited 6:15pm
Quoting GJscalper
{quote} Clearly your order was based on that nice spike upward. Only for you to end up sitting on a +100 pip negative position. My question to you is, why did you buy EUR-USD at the time you did? Were you simply chasing the price action or was it part of plan?
The plan was to buy at S1 around 1.114 for 10 pips gain with expected +ve EUR and -ve USD news to be released on 5-Jul... But unfortunately it bounced further down at S2 around 1.107 instead. Waited for NFP to save me just like in June
  • #1,071,818
  • Jul 10, 2016 6:16pm Jul 10, 2016 6:16pm
Eur/Usd is still holding just above 1.1000 level, lack of strength to continue its downside movement, only if the pair breaks below the support level will result further downward extension.
  • #1,071,819
  • Jul 10, 2016 7:19pm Jul 10, 2016 7:19pm
More than 200 arrested as tensions spike at US police protests in Saint Paul, Baton Rouge

http://www.abc.net.au/news/2016-07-1...otests/7584742
  • #1,071,820
  • Jul 10, 2016 11:13pm Jul 10, 2016 11:13pm
Quoting baherhosni
{quote} Been there
Well its hard to control yourselfGood luck everyone this week could be a good week
2,938 traders viewing now, 1 is registered:
brandon12127