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  • #1,091,861
  • Feb 16, 2017 5:31pm Feb 16, 2017 5:31pm
Quoting pkimnyc
{quote} Candle sticks should be read at the exhaustion of momentum, not while momentum is strong. You will get burnt.
And what method do.you use for momentum strength ?

When something looks bearish/bullish it is dragging n sellers, picking with some accuracy point of reversal is always cheapest ticket for a good runner...
  • #1,091,862
  • Feb 16, 2017 5:31pm Feb 16, 2017 5:31pm
Quoting pkimnyc
{quote} Look for the spike, if you are looking for shorting opportunity. Rarely see this type of move ends with smooth transition. my 2c. p.s. why the hell would it form a double top, at the end of trading session?
And because we are at 50% of the initial move down
  • #1,091,863
  • Feb 16, 2017 5:33pm Feb 16, 2017 5:33pm
Quoting Don96
{quote} And what method do.you use for momentum strength ? When something looks bearish/bullish it is dragging n sellers, picking with some accuracy point of reversal is always cheapest ticket for a good runner...
lol. takes years in practice. i like cheapest ticket too. that's why i pay attention to news hours.
  • #1,091,864
  • Feb 16, 2017 5:34pm Feb 16, 2017 5:34pm
Quoting Don96
{quote} And because we are at 50% of the initial move down
gl with your fibo numbers.
  • #1,091,865
  • Feb 16, 2017 5:55pm Feb 16, 2017 5:55pm
Quoting pkimnyc
{quote} lol. takes years in practice. i like cheapest ticket too. that's why i pay attention to news hours.
So if you can determine the momentum strength why not share it ?

Don't get me wrong I'm not saying I'm.right and your wrong. I'm just saying momentum could look strong as ever but it only takes one spot to reverse it all and trap most...why couldn't it have been where the other guy pointed to... (as an example) it's easy to say after its already happened
  • #1,091,866
  • Feb 16, 2017 6:00pm Feb 16, 2017 6:00pm
Quoting Don96
So if you can determine the momentum strength why not share it ? Don't get me wrong I'm not saying I'm.right and your wrong. I'm just saying momentum could look strong as ever but it only takes one spot to reverse it all and trap most
On the contrary, if you can determine momentum, why should one share it?

Keep in mind, even if momentum is reversed, that will still be reflected in momentum.
Please check out my blog at https://from-zero-to-hero . net
  • #1,091,867
  • Feb 16, 2017 6:03pm Feb 16, 2017 6:03pm
My signal officially fired a short signal on the open of this hour. It is on each hour bar and each LONG/SHORT usually lasts about 15 hours. We were in long for about 32 hours I think with the record for one way long being around 45.

Who knows, but hopefully it goes down from here. If another long signal comes I will just take my loss and probably draw down a decent amount. Hopefully we get like a 12 hour SHORT cycle here though.
  • #1,091,868
  • Feb 16, 2017 6:12pm Feb 16, 2017 6:12pm
Quoting smash1820
{quote} On the contrary, if you can determine momentum, why should one share it? Keep in mind, even if momentum is reversed, that will still be reflected in momentum.
I'd love to know this momentum indicator people have

When you think about it, the most bearish / bullish momentum is only there when it's already been painted... if it hits price at x and drops instantly... all of a sudden all this 'momentum' has gone where ? Switched to the other side of the market - come on,, that's not how it works
  • #1,091,869
  • Feb 16, 2017 6:30pm Feb 16, 2017 6:30pm
Quoting Don96
{quote} So if you can determine the momentum strength why not share it ? Don't get me wrong I'm not saying I'm.right and your wrong. I'm just saying momentum could look strong as ever but it only takes one spot to reverse it all and trap most...why couldn't it have been where the other guy pointed to... (as an example) it's easy to say after its already happened
lol.... been there and done that in the past.
Guess what? Right at the moment in trading, you want me to come in the public to share?
Entry points take split second. I don't have time to upload images, type and read all this while in trading.

little too late, i know.... but this been posted.
It's the only thing i can do...

Quoting pkimnyc
{quote} ouch! {image}
Cheers
  • #1,091,870
  • Edited 6:46pm Feb 16, 2017 6:32pm | Edited 6:46pm
Momentum is always there, whether it's being painted or not.
Please check out my blog at https://from-zero-to-hero . net
  • #1,091,871
  • Feb 16, 2017 6:39pm Feb 16, 2017 6:39pm
Quoting pkimnyc
{quote} lol.... been there and done that in the past. Guess what? Right at the moment in trading, you want me to come in the public to share? Entry points take split second. I don't have time to upload images, type and read all this while in trading. little too late, i know.... but this been posted. It's the only thing i can do... {quote} Cheers
I think the point is being missed.

Anyhow - I see you are a good trader, keep updating with posts, it helps the thread, I'm slowly drifting away from it
  • #1,091,872
  • Feb 16, 2017 6:45pm Feb 16, 2017 6:45pm
Quoting Don96
{quote} I think the point is being missed. Anyhow - I see you are a good trader, keep updating with posts, it helps the thread, I'm slowly drifting away from it
That's a start.
Focus on your trading only, when in trade.
You can chat, chart, text all that after.
This place can be.... quite distracting when it comes to trading.
/r
  • #1,091,873
  • Edited 8:00pm Feb 16, 2017 7:23pm | Edited 8:00pm
sooner or later price will go down, today's(friday) close will be below 1.06
stop loss any time...monitoring USDX
-----
logic for this trade I applied on NZDUSD as well...
closing these trades will be end of this trading week.
  • #1,091,874
  • Feb 16, 2017 7:29pm Feb 16, 2017 7:29pm
hello guys a friend of mine send me this image.....is this even possible??? what kind of leverage can let you do this ?
Attached Image (click to enlarge)
Click to Enlarge Name: Forex-1Mil-account.jpg Size: 116 KB
Drawdown is more important than Account Size !
  • #1,091,875
  • Feb 16, 2017 7:31pm Feb 16, 2017 7:31pm
Quoting ruma29
sooner or later price will go down, today's close will be below 1.06 stop loss any time...monitoring USDX
my daily close was 1.06701
Drawdown is more important than Account Size !
  • #1,091,876
  • Edited 9:51pm Feb 16, 2017 8:27pm | Edited 9:51pm
Quoting procrude
hello guys a friend of mine send me this image.....is this even possible??? what kind of leverage can let you do this ? {image}
Theoretically and in demo accounts it might be possible but on real accounts most of the big brokers don't allow bigger lot sizes than 100 lots per trade.. and most of them also limit Total lot size tradeable with 500 lots on average.. still even if they would allow higher lot size trades like 1000 lots per trade you would experience minutes or even hours long delays (if volatility is low) in executing the order since the system has to match that many shares with corresponding buyers/sellers in the market..

In other words: The list that you showed might not be produced by simple retail platforms like Metatrader.. but although very tricky it hypothetically still can be achieved by an inside trader of an institution or a bank..

Lets take one of his trades: When he has 15.296 usd in his account he is able to trade with 95,30 lot size..

To calculate the leverage he would need:
95,30 x 100.000 = 9.530.000 usd to trade with 1:1 leverage

Dividing that amount to the actual money he has:
9.530.000 / 15.296 = 623:1

So the answer to your question: Based only on leverage he could trade that high amount of lot size with that small size of equity on any retail broker who provides 888:1 or 1000:1 leverage.

Stay Green
Focus only on what truly matters!
  • #1,091,877
  • Feb 16, 2017 8:28pm Feb 16, 2017 8:28pm
Target 1.1020....
Choose your destiny!!
  • #1,091,878
  • Feb 16, 2017 8:29pm Feb 16, 2017 8:29pm
20, 50, 100 and 200 sma across each others.
Next high around 1.0690-1.0710 would be top for short term.
A great opportunity to short and target the yellow 50 sma(it will hit this 50 sma sooner or later)
MACDs confirmed that!

Posting from cellphone so dont know if it í clear or not !!!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2017-02-16-21-19-49.jpg Size: 1.1 MB
  • #1,091,879
  • Feb 16, 2017 8:55pm Feb 16, 2017 8:55pm
Quoting Angelina
20, 50, 100 and 200 sma across each others. Next high around 1.0690-1.0710 would be top for short term. A great opportunity to short and target the yellow 50 sma(it will hit this 50 sma sooner or later) MACDs confirmed that! Posting from cellphone so dont know if it clear or not !!! {image}
This is a very good analysis.
solid plan with good reasoning.
Hope it works out for you.
/r
  • #1,091,880
  • Feb 16, 2017 9:05pm Feb 16, 2017 9:05pm
Quoting Angelina
20, 50, 100 and 200 sma across each others. Next high around 1.0690-1.0710 would be top for short term. A great opportunity to short and target the yellow 50 sma(it will hit this 50 sma sooner or later) MACDs confirmed that! Posting from cellphone so dont know if it clear or not !!! {image}
Hi.. I think your attempt to short this situation based on your MA crossings and noticing that MACD histogram lines are shrinking away from the signal line are extremely dangerous assumptions.. I can guarantee you that there are many cases where price continues to go higher by building higher and higher curves on macd.. I believe you are using the right tools to catch a high probability trade but from your explanation I can understand that you haven't converted these tools into a solid system..

Still if you think of shorting this way be aware to use tight stop loss.. also instead of shorting and going against the trend using your analogy in catching a continuation would raise your winning chances much more.. my humble opinion..

Stay Green
Focus only on what truly matters!
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