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EURUSD

  • #1,079,421
  • Nov 4, 2016 9:09am Nov 4, 2016 9:09am
Quoting eqshack
{quote} oil falls like a mofker so data dont count
Based on its, its like CAD economy relies 100% on oil, its totally wrong
Make money by doing the opposite of Giveachance aka loser
  • #1,079,422
  • Nov 4, 2016 9:15am Nov 4, 2016 9:15am
How many people just lost money trying to short of m1 tops ?
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  • #1,079,423
  • Nov 4, 2016 9:21am Nov 4, 2016 9:21am
for now best that i can chose
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  • #1,079,424
  • Nov 4, 2016 9:27am Nov 4, 2016 9:27am
Quoting allworldas
for now best that i can chose {image}
Is it a coincidence or not that there is a long tailed shooting star/inverted hammer, tail of which is just a pip below your sell limit?
Those inverted hammers on top, or hammers on bottom, which stand out due to their tail size are wonderful tools.
I learned of them from Jack Schwager`s technical analysis book in the first chapters. I used to just look for the and draw a horizontal line on the peak of their tails which most of the time was an amazing support/resistance, the break of their tail however is even more valuable in terms of rapid momentum it usually creates.
The truth is hidden from you
  • #1,079,425
  • Nov 4, 2016 9:30am Nov 4, 2016 9:30am
Want to move my stops to the blue line as soon as possible to be break even both on spread on commission, plus minus a few pips of profit...
But as experience shows its too early, and the blue line would most likely get a false break. Furthermore that area wasn't verified yet, which for me it will on break of 1.11151
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  • #1,079,426
  • Nov 4, 2016 9:49am Nov 4, 2016 9:49am
Finally moved stops, not because the price accelerated from that level and broke the high, but rather because I find it dangerous for my long position if the price was to break down below 1.11029 . Judging by the price, there are buyers there, with stops probably a bit lower. If their stops get run down, than it will probably end up in a downwards spike even if price would continue bullish after, my stops would get hit anyway but lower.
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  • #1,079,427
  • Nov 4, 2016 9:50am Nov 4, 2016 9:50am
Quoting MaxenshteinD
{quote} Is it a coincidence or not that there is a long tailed shooting star/inverted hammer, tail of which is just a pip below your sell limit? Those inverted hammers on top, or hammers on bottom, which stand out due to their tail size are wonderful tools. I learned of them from Jack Schwager`s technical analysis book in the first chapters. I used to just look for the and draw a horizontal line on the peak of their tails which most of the time was an amazing support/resistance, the break of their tail however is even more valuable in terms of rapid...
forex its more than price action , suport rez but is good tool
  • #1,079,428
  • Nov 4, 2016 9:58am Nov 4, 2016 9:58am
Quoting allworldas
{quote} forex its more than price action , suport rez but is good tool
Definitely I just called the candle by its popular name to refer to it, as a matter of fact, I get pretty pissed when I hear "price action".
It drives me mad that the beautiful concept of OHLC, open price reference, and breakouts was lost due to the "gurus" not only perverting something they didn't fully understand but infact calling it glamorous terms such as price action. Every second newbie learning about technical analysis thinks highly of himself while proudly saying everywhere that he is learning the glamorous - Price Action!
Its like those movies for teenage girls with over the top emotions, making serious things look glamorous and childish.
Perhaps I just have anger issues when it comes to the retail trading community and "guru" teachers
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  • #1,079,429
  • Nov 4, 2016 10:02am Nov 4, 2016 10:02am
Hmm.. the temptation to move my stops higher to unreliable level on the white line
Knowing that its either 60 pips more lost if my current stop gets run down than I could have.
Or the chance of riding the trend furthermore to possible greater heights..
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  • #1,079,430
  • Nov 4, 2016 10:06am Nov 4, 2016 10:06am
EUR/USD - H4 - using lines to follow the price

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Together we can be strongest
Vantage Return This Month: na
  • #1,079,431
  • Nov 4, 2016 10:07am Nov 4, 2016 10:07am
Finally is starting to look like an usual friday...
  • #1,079,432
  • Nov 4, 2016 10:07am Nov 4, 2016 10:07am
Euro hitting resistance 1.1114-23. 61.8 retrace of whole bearish move. what next? she may decide to go down or ride on up to 1.12. 1.18xx is also wide open.
enjoy elections weekend!!!
  • #1,079,433
  • Nov 4, 2016 10:09am Nov 4, 2016 10:09am
Simple dow theory, higher highs, higher lows
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  • #1,079,434
  • Nov 4, 2016 10:20am Nov 4, 2016 10:20am
1.11 17 about to hit 1.11 25 .... IF the horizontal channel formation is valid, it s a level to conteplate shorts. . .

I am thinking about it . . . I am blank at the moment.
  • #1,079,435
  • Nov 4, 2016 10:26am Nov 4, 2016 10:26am
400 pips in profit and can`t identify a reasonable place where I could move my stops higher yet... Oh the greed in me wanting to close the position right now
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  • #1,079,436
  • Nov 4, 2016 10:30am Nov 4, 2016 10:30am
Quoting MaxenshteinD
400 pips in profit and can`t identify a reasonable place where I could move my stops higher yet... Oh the greed in me wanting to close the position right now {image}
Congrats but it's 40 pips (2X20)!
  • #1,079,437
  • Nov 4, 2016 10:32am Nov 4, 2016 10:32am
Quoting pipshaman
{quote} Congrats but it's 40 pips (2X20)!
Thanks )
I just keep on mistaking pips 0.XXXX and pipets 0.XXXXX
Actually after a year I`m still not sure which ones are better to use
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  • #1,079,438
  • Nov 4, 2016 10:34am Nov 4, 2016 10:34am
Quoting SnaveForex
Euro hitting resistance 1.1114-23. 61.8 retrace of whole bearish move. what next? she may decide to go down or ride on up to 1.12. 1.18xx is also wide open. enjoy elections weekend!!!
Why 1.18? might as well say 1.40 is wide open
161.8 extension 1.1543 of the bearish move retrace you mentioned is more realistic?
  • #1,079,439
  • Nov 4, 2016 10:41am Nov 4, 2016 10:41am
Eur/Usd

Sell Limit 1.1135
SL 1.1170
Target Open
Its not about the money, its about the game, the game between people.
  • #1,079,440
  • Nov 4, 2016 10:49am Nov 4, 2016 10:49am
Quoting MaxenshteinD
Simple dow theory, higher highs, higher lows {image}
Good charts and stuff.
A bit too much.
Â
I personally would trade smaller frames if I'm super dedicated and have 3 hours of lunch time just for trading.
Â
Right now 4H and fundamentals.
Some day day charts, and I'll relax with 5 minutes ones
Â
And let's all use PIPS. The other is POINT to be precise. ÂAnd who cares for part of pips. 1.113x is nice and short.
Â
Spiking up ehh? I suppose there are all kind of traders.
Â
Did you all sell Aud? ÂIt has same trendline above...
Beware of robber banks (RB), bad advisors.
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