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  • #241
  • Aug 5, 2016 2:58am Aug 5, 2016 2:58am
good luck mate:-) looks nice
  • #242
  • Aug 5, 2016 7:28am Aug 5, 2016 7:28am
Quoting Robst3r
good luck mate:-) looks nice
Well, the trade is going well, but force to closed becoz NFP. Closed all My Usd pairs before NFP. Stay safe and watching on the sideline.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #243
  • Aug 5, 2016 7:36am Aug 5, 2016 7:36am
Have a nice weekend all.
  • #244
  • Aug 5, 2016 8:10am Aug 5, 2016 8:10am
Quoting Fisher755
{quote} Careful, both GU and EU could well be FO/LO suckers.
I have closed all trades before the NFP. Your position still open Sister? Ah, EU is going south. Good NFP data. I guess you have very good clues on EU.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #245
  • Aug 5, 2016 8:11am Aug 5, 2016 8:11am
Quoting RoelsMajor
{quote} Well, the trade is going well, but force to closed becoz NFP. Closed all My Usd pairs before NFP. Stay safe and watching on the sideline.
Congrats!
Escaped once again. Both GU and EU were suckers..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDiH1.png Size: 63 KB


Quoting RoelsMajor
{quote} I have closed all trades before the NFP. Your position still open Sister? Ah, EU is going south. Good NFP data. I guess you have very good clues on EU.
Very smart decision, bro.
PVSRA
  • #246
  • Aug 5, 2016 10:00am Aug 5, 2016 10:00am
Wow, it was a Nice week guys:-)

What happened to the topicstarter, he lost alot today..... Hope you'll recover mate.
  • #247
  • Aug 5, 2016 10:32am Aug 5, 2016 10:32am
Quoting Robst3r
Wow, it was a Nice week guys:-) What happened to the topicstarter, he lost alot today..... Hope you'll recover mate.
Well gold does that to you. Had a same problem with small account. Currency pairs have smallest 0.01 lot but gold smallest is 0.1 and that kills account who has less than 1,5k balance.

Been there, done that.
  • #248
  • Aug 5, 2016 10:53am Aug 5, 2016 10:53am
yea, should have learned my lesson with gold by now. But I have other issues, though as well, I need to work through.

This is a year long target, so I'm not going to get too excited after a few meltdowns during week number 2...

Main problem is my small balance. I meant to add funds to my account to protect my gold positions, but decided not to. Bad decision. I'd still be in my longs, and adding more if I'd done that. But for now, I'm taking a break from gold...

Glad some are doing well! Look forward to as many of us as possible to hit the finish line..

As far as weekly stats or achievements, feel free to post this yourself. If you did well, post it, if not, you can post it and "vent" a little if you want to, on what you'll need to work on...

Kind regards to all...
  • #249
  • Aug 5, 2016 11:09am Aug 5, 2016 11:09am
Quoting benaiah
yea, should have learned my lesson with gold by now. But I have other issues, though as well, I need to work through. This is a year long target, so I'm not going to get too excited after a few meltdowns during week number 2... Main problem is my small balance. I meant to add funds to my account to protect my gold positions, but decided not to. Bad decision. I'd still be in my longs, and adding more if I'd done that. But for now, I'm taking a break from gold... Glad some are doing well! Look forward to as many of us as possible to hit the finish...
benaiah, keep an eye on that USD/JPY short.

I really like the area you shorted from, but I'm not sure how much room it has to run. The ~101.50 area should offer good support, and I'm actually going to pull the trigger on a long from there should we hit it today:

Attached Image (click to enlarge)
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check out my blog: forexmademillionaire dot com
  • #250
  • Aug 5, 2016 11:13am Aug 5, 2016 11:13am
Quoting Geppy
{quote} benaiah, keep an eye on that USD/JPY short. I really like the area you shorted from, but I'm not sure how much room it has to run. The ~101.50 area should offer good support, and I'm actually going to pull the trigger on a long from there should we hit it today: {image}
yea, makes sense. I was noticing that, but hoping the overall down-trend would give it a bit more momentum. But I would also be tempted to reverse and go long there, so good eye...
  • #251
  • Aug 5, 2016 11:22am Aug 5, 2016 11:22am
Quoting benaiah
{quote} yea, makes sense. I was noticing that, but hoping the overall down-trend would give it a bit more momentum. But I would also be tempted to reverse and go long there, so good eye...
I'd be looking to short overall too. But will be looking at higher prices to do it next week. 103 seems very doable... higher could be in the cards too, but just my opinion obv.
check out my blog: forexmademillionaire dot com
  • #252
  • Aug 5, 2016 11:24am Aug 5, 2016 11:24am
Quoting Geppy
{quote} I'd be looking to short overall too. But will be looking at higher prices to do it next week. 103 seems very doable... higher could be in the cards too, but just my opinion obv.
yea, seems will be plenty of opportunities in both directions due to the high volatility...
  • #253
  • Aug 5, 2016 11:27am Aug 5, 2016 11:27am
Quoting Geppy
{quote} benaiah, keep an eye on that USD/JPY short. I really like the area you shorted from, but I'm not sure how much room it has to run. The ~101.50 area should offer good support, and I'm actually going to pull the trigger on a long from there should we hit it today: {image}
UJ just broke up today after a long long time and big boys are running it up. Most probably UJ will stay bullish for a while.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYiM15 5.8..png Size: 78 KB

Even if I'm wrong, becouse we can never know despite really nice bullish clues- H1 very nice high activity breakout from consolidation area at the lows,
shorts are definitly not smart idea atm.
PVSRA
  • #254
  • Aug 5, 2016 11:30am Aug 5, 2016 11:30am
Quoting Fisher755
{quote} UJ just broke up today after a long long time and big boys are running it up. Most probably UJ will stay bullish for a while. {image}
I suppose it depends on what time frame you're looking at...

On higher time frames, bulls still need to take out last swing high and attack 103, imo... But I agree, shorter term, opportunities in both directions...
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  • #255
  • Aug 5, 2016 11:31am Aug 5, 2016 11:31am
Quoting Fisher755
USDJPY Comment: Looks like we might get turning direction on this pair if breakout happens. Explanation on chart. {image}
Yesterday I was a bit too early...
Beniah, it is bullish on most of TFs now, but the difference is: the higher you go, the more they are lagging.
Check the daily candle after today's mkt close.
PVSRA
  • #256
  • Aug 5, 2016 11:41am Aug 5, 2016 11:41am
Quoting Fisher755
{quote} Yesterday I was a bit too early... Beniah, it is bullish on most of TFs now, but the difference is: the higher you go, the more they are lagging. Check the daily candle after today's mkt close.
If you are looking to trade a reversal, that's okay. But the overall trend is still down imo. The volatility is very high, though...

We may also be stuck in 99ish-106ish range for a while... I think the fact that the volatility is so high indicates lack of agreement between buyers and sellers, so I'm not quick to call the overall context yet, but if 103 is taken out I'd be more likely to jump on the bull train at some point...
  • #257
  • Aug 5, 2016 11:48am Aug 5, 2016 11:48am
btw, I respect anyone's opinion, if your view is UJ is bullish, that's okay...

bulls did break out of the consolidation today, due to news spike, but I don't trade breakouts against the trend, as long as I'm not allowing my emotions to take over, lol...

If the trend was already up, and the breakout occurred, then I'd jump on board. But since the breakout is against the trend, I'd prefer to wait for any longer term buys...
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  • #258
  • Aug 5, 2016 11:58am Aug 5, 2016 11:58am
Quoting benaiah
btw, I respect anyone's opinion, if your view is UJ is bullish, that's okay... bulls did break out of the consolidation today, due to news spike, but I don't trade breakouts against the trend, as long as I'm not allowing my emotions to take over, lol... If the trend was already up, and the breakout occurred, then I'd jump on board. But since the breakout is against the trend, I'd prefer to wait for any longer term buys... {image}
Sounds ok by me. Let's see then.
PVSRA
  • #259
  • Aug 5, 2016 1:30pm Aug 5, 2016 1:30pm
I love trading, and love to share ideas with all you guys and to have a group that i can consider are my friends.

I want to share something about me.
I have like 5 years in trading or maybe more, im not profitable yet, and the reason is because im not constant, i can only really watch the markets at night, Peru hour, and sometimes i quit trade for some periods of time, because i work all day. I think im pretty close though. But patience is something that i need to manage, and that what im doing. I want to see my account in millions, but the real matter is to see your account adding percentage. That i can do.

I use price action, i try to see opportunities in day charts, and then i try to enter the trade in 4hour and 1 hour charts., Im usign risk reward ratio 1-1,1-2 or more, never less than my profit. im using 6.5% risk per trade.

I think that if we consolidate this group we can achieve good things

Im from Lima, Peru, South America. Have a great weekend my friends.
Im a Crocodile, Im a Sniper. Patience is everything.
  • #260
  • Aug 5, 2016 1:42pm Aug 5, 2016 1:42pm
Quoting Brucasella1
I love trading, and love to share ideas with all you guys and to have a group that i can consider are my friends. I want to share something about me. I have like 5 years in trading or maybe more, im not profitable yet, and the reason is because im not constant, i can only really watch the markets at night, Peru hour, and sometimes i quit trade for some periods of time, because i work all day. I think im pretty close though. But patience is something that i need to manage, and that what im doing. I want to see my account in millions, but the real...
hi brucasella..I am salute for your honesty..thanks for your sharing and I hope u will improve well soon..i think this thread can go more if we have many traders sharing what they have regardless who they are..
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