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EURUSD

  • #1,096,941
  • Mar 15, 2017 5:41pm Mar 15, 2017 5:41pm
Will hit my stop
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  • #1,096,942
  • Mar 15, 2017 5:49pm Mar 15, 2017 5:49pm
why not close the trade?do u think it might come back down?
  • #1,096,943
  • Mar 15, 2017 5:57pm Mar 15, 2017 5:57pm
Hope this happens....
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Drawdown is more important than Account Size !
  • #1,096,944
  • Mar 15, 2017 6:02pm Mar 15, 2017 6:02pm
Quoting procrude
Hope this happens.... {image}
imagine if it slow grinds all the way down to 1.05.... the horror..
  • #1,096,945
  • Mar 15, 2017 6:02pm Mar 15, 2017 6:02pm
Quoting yongsien
{quote} I agree with you Ata... News sometimes so noisy and makes me got headache... LoL... When 2 weeks ago, exactly on 1 March, I see closely USD JPY chart and counting the target IF USD really go hike, but over 2 weeks it still didn't have any development, last week on Friday after it break through the weekly resistance, it get bounce, falling and weekly close below resistance. That means USD already weak. After I open USDX chart I saw H&S pattern and surely it will go down. Now EUR/USD first target is 1.0820, and I hope it can break through...
Thanks for sharing your thinking and your target. I agree with your first target. My targets start a little lower and goes like this:

1) 1.0790
2) 1.0822
3) Finally a thin zone at 1.0870 to 1.0885

Higher than 1.0885 doesn't look realistic for March.. my humble idea..

Stay Green
Focus only on what truly matters!
  • #1,096,946
  • Mar 15, 2017 6:10pm Mar 15, 2017 6:10pm
Quoting Ata-Turkoglu
{quote} Thanks for sharing your thinking and your target. I agree with your first target. My targets start a little lower and goes like this: 1) 1.0790 2) 1.0822 3) Finally a thin zone at 1.0870 to 1.0885 Higher than 1.0885 doesn't look realistic for March.. my humble idea.. Stay Green
careful Ata, the resistance has just rejected, i watch carefully USD JPY right now, i think it will RETRACE, DON'T BUY at this moment.
  • #1,096,947
  • Mar 15, 2017 6:16pm Mar 15, 2017 6:16pm
Quoting wukatrades
{quote} imagine if it slow grinds all the way down to 1.05.... the horror..
I highly recommend all of you to imagine "how to enter the long trend" instead of "how to detect a top to sell".. we are bullish and we keep staying bullish.. what goes up so strong will often not come down easily..

"Often" is a bold word in my sentence which means there will be never a 100% guarantee for each and every case but that the chances are always higher for trend continuation than reversal after strong breakouts. So follow the trend and delay all your feelings that tells you to do the opposite.

Stay Green
Focus only on what truly matters!
  • #1,096,948
  • Mar 15, 2017 6:19pm Mar 15, 2017 6:19pm
hey everyone! long time lurker here. I just wanted to share that I was long before the fed even spoke. In fact, I've been a bull for a little while. I made 72+ pips on the eurusd today. check it out - www.fxtradeideas.com

in the picture, you can see my entry and where I eventually scaled out.

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  • #1,096,949
  • Mar 15, 2017 6:34pm Mar 15, 2017 6:34pm
Quoting yongsien
{quote} careful Ata, the resistance has just rejected, i watch carefully USD JPY right now, i think it will RETRACE, DON'T BUY at this moment.
I was not talking at all about buying right now.. what I was trying to emphasize was to look for buys once retracement reaches important support levels.. for example starting from around 1.0720 to 1.0695 zone.. my deepest buy target zone lies around 1.0667

Stay Green
Focus only on what truly matters!
  • #1,096,950
  • Mar 15, 2017 6:41pm Mar 15, 2017 6:41pm
Quoting Ata-Turkoglu
{quote} I was not talking at all about buying right now.. what I was trying to emphasize was to look for buys once retracement reaches important support levels.. for example starting from around 1.0720 to 1.0695 zone.. my deepest buy target zone lies around 1.0667 Stay Green
Agree with this. I think there's a really strong chance the price is going to retrace to around the 1.06450 level and then continue the overall trend. I'm in a short hoping to take some profit off the retracement, and then I'll take a long position once the retrace has completed. My position is a bit risky, but based on all the factors I think it's solid. Ignore the fib. I don't even use that crap other than to get a guess at what the self-fulfilling prophecies might be.
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  • #1,096,951
  • Mar 15, 2017 6:44pm Mar 15, 2017 6:44pm
Guys look at this guy on myfxbook he is going to be the champion of there contest that ends tomorrow...amazing performance...he trades usdzar mostly

here is the link

http://www.myfxbook.com/members/Kaha...hatafx/1987552
Drawdown is more important than Account Size !
  • #1,096,952
  • Mar 15, 2017 6:48pm Mar 15, 2017 6:48pm
Quoting tstivers
{quote} Agree with this. I think there's a really strong chance the price is going to retrace to around the 1.06450 level and then continue the overall trend. I'm in a short hoping to take some profit off the retracement, and then I'll take a long position once the retrace has completed. My position is a bit risky, but based on all the factors I think it's solid. Ignore the fib. I don't even use that crap other than to get a guess at what the self-fulfilling prophecies might be. {image}
Look to the left of your chart.. based on "structure" what would prevent your targets to be reached? The chart talks for itself. Just see it.. and consider a continuation starting from 1.07 area instead of your deep targets.. To me such deep retracement level looks unrealistic.. again: based on "structure" and not fib.

Stay Green
Focus only on what truly matters!
  • #1,096,953
  • Mar 15, 2017 6:52pm Mar 15, 2017 6:52pm
Quoting Ata-Turkoglu
{quote} I was not talking at all about buying right now.. what I was trying to emphasize was to look for buys once retracement reaches important support levels.. for example starting from around 1.0720 to 1.0695 zone.. my deepest buy target zone lies around 1.0667 Stay Green
AGREE with you ATA, buy target zone deep at 1.0667.
  • #1,096,954
  • Mar 15, 2017 6:58pm Mar 15, 2017 6:58pm
Quoting Ata-Turkoglu
{quote} Look to the left of your chart.. based on "structure" what would prevent your targets to be reached? The chart talks for itself. Just see it.. and consider a continuation starting from 1.07 area instead of your deep targets.. To me such deep retracement level looks unrealistic.. again: based on "structure" and not fib. Stay Green
I don't think I'm understanding you. My position is basically this. I think we're very close to the end of the upward push, as the momentum has died out, and there's a pin-bar on the 1 hour. I think the odds are very good that the price will retrace downward enough that I can take a profit that's at least 2x my stop loss risk. So once I've made twice what I'm risking in my stop loss, I'm happy to accept that. And it could very likely go further downward in the retracement. I tend not to use hard take profit targets, but manually trail my stop loss instead.

The main problem I see with my current trade is that there is no real barrier to prevent my stop loss being hit. 1.074 could be a resistance level based on what the price has been doing lately. But I'm not sure on that, so I can't rely on it. And the pin-bar I'm seeing went above 1.074. Ideally I would have my stop loss above the previous candle's high, but that would put me past my risk limit, so I chose to take the risk of my stop getting hit instead.

I'm new to this game though, so I don't claim to have a clue what the hell I'm doing. Just a slightly educated guess.
  • #1,096,955
  • Mar 15, 2017 6:59pm Mar 15, 2017 6:59pm
Quoting tstivers
{quote} Agree with this. I think there's a really strong chance the price is going to retrace to around the 1.06450 level and then continue the overall trend. I'm in a short hoping to take some profit off the retracement, and then I'll take a long position once the retrace has completed. My position is a bit risky, but based on all the factors I think it's solid. Ignore the fib. I don't even use that crap other than to get a guess at what the self-fulfilling prophecies might be. {image}
I too anticipate a 40% retraction and then I would enter long position
"The cave you fear to enter, holds the treasure you seek"
  • #1,096,956
  • Mar 15, 2017 7:05pm Mar 15, 2017 7:05pm
short at 1.07320
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  • #1,096,957
  • Mar 15, 2017 7:14pm Mar 15, 2017 7:14pm
Quoting goodpunk6
hey everyone! long time lurker here. I just wanted to share that I was long before the fed even spoke. In fact, I've been a bull for a little while. I made 72+ pips on the eurusd today. check it out - www.fxtradeideas.com in the picture, you can see my entry and where I eventually scaled out. {image}
nice. good for you buddy.
  • #1,096,958
  • Edited 7:28pm Mar 15, 2017 7:14pm | Edited 7:28pm
Quoting tstivers
{quote} I don't think I'm understanding you. My position is basically this. I think we're very close to the end of the upward push, as the momentum has died out, and there's a pin-bar on the 1 hour. I think the odds are very good that the price will retrace downward enough that I can take a profit that's at least 2x my stop loss risk. So once I've made twice what I'm risking in my stop loss, I'm happy to accept that. And it could very likely go further downward in the retracement. I tend not to use hard take profit targets, but manually trail my...
I am explaining my idea of "structure" as simple as it gets. Look to the left means look to see previous highs. On the hourly chart you clearly have 2 major support areas and the 3rd area is already to deep.. but your target is even deeper than all 3.. I agree it still can go deep like hell but very very rare. So focus more on S1: 1.07 area and if that doesn't holds maybe S2: 1.0670 area.. that's all I was saying brother.. I hope I could clarify myself.. good luck..

Stay Green
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Focus only on what truly matters!
  • #1,096,959
  • Mar 15, 2017 7:18pm Mar 15, 2017 7:18pm
Quoting Ata-Turkoglu
{quote} I am explaining my idea of "structure" as simple as it gets. Look to the left means look to see previous highs. On the hourly chart you clearly have 2 major support areas and the 3rd area is already to deep.. but your target is even deeper than all 3.. I agree it still can go deep like hell but very very rare. So focus more on T1: 1.07 area and if that doesn't holds maybe T2: 1.0670 area.. that's all I was saying brother.. I hope I could clarify myself.. good luck.. Stay Green {image}
Ahh I see what you're saying now. Basically support/resistance levels. I agree with you there. My perspective is even if price only drops to the S1 level, it will still give me a 1:2 risk:reward ratio, which is my minimum. I'm hoping it drops all the way to 1.06450. But aren't we all hoping the trade goes infinitely in our favor?
  • #1,096,960
  • Mar 15, 2017 7:21pm Mar 15, 2017 7:21pm
anyone buy EURUSD
Forex, my love!
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