Dxy last chance to support before some other minor supports pre <100. {image}
...oh, is about USD index (USDX)
Member
- #1,097,121
- Mar 16, 2017 8:08am Mar 16, 2017 8:08am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
...oh, is about USD index (USDX)
- #1,097,122
- Mar 16, 2017 8:09am Mar 16, 2017 8:09am
{quote} Man, I love that spike on the pound. But I can't trade a pair I can't feel its dynamics... I would be like gamble to me. I'm a limited mind trader
- #1,097,124
- Mar 16, 2017 8:13am Mar 16, 2017 8:13am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
{quote} TBH you'll probably keep making poor trades if you only focus on one pair. Impatience will set in when that pair isn't moving. Better to learn a few pairs at least so you can switch to one that's moving instead of trying to get in on a sideways market and eating small losses repeatedly. I've just realized this myself, as I've only been focusing on the EURUSD the past few days and taken 25% of my account in losses over the course of many trades where the losses for each trade were small.
It's just a momentary illusion that diversifying diminishing the risk.
It's a brokers trick to give the impression that putting all the eggs in the same basket is wrong
But I don't really want to convince nobody on that
Member
- #1,097,125
- Mar 16, 2017 8:18am Mar 16, 2017 8:18am
- Joined Feb 2017 | Status: pippin' | 1,139 Posts
you are not expected to understand this
- #1,097,126
- Mar 16, 2017 8:23am Mar 16, 2017 8:23am
{quote} Nix. I've been trading the majors all toghether for years. It's the same risk statistically. It's just a momentary illusion that diversifying diminishing the risk. It's a brokers trick to give the impresion that putting all the eggs in the same basket is wrong
I follow EURUSD, GBPUSD, AUDUSD, NZDUSD, EURGBP, USDJPY, USDCAD, USDCHF
But I think 70% of the volume is on EURUSD
This is how it looks like...
- #1,097,127
- Mar 16, 2017 8:24am Mar 16, 2017 8:24am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
the GBP is on steroids against all pairs... No wonder nothing happens with EURUSD.
Maybe it's time for the euro to do the same move too ...c'moon bitch, rise to 1.0755, my secret target
Member
- #1,097,128
- Mar 16, 2017 8:25am Mar 16, 2017 8:25am
- Joined Feb 2017 | Status: pippin' | 1,139 Posts
Long again . Stupid but stubborn
It's tail did not stick out, it is surrounded on it's left and it closed right below resitance. The momentum was caused by a slight volume spike but that momentum was blocked.
I had my finger on the trigger, but didn't pull it because it closed below resistance.
Nasty habit to trade these signals. Most of the time it is better to wait another candle. These are situations where everyone with "fear of missing it" loses their money. This is also the reason why you never trade a moving candle. Always wait for the close. (would you try to jump on a running train?)
(I am talking strictly H1 here)
Scalpers bane...
you are not expected to understand this
- #1,097,129
- Mar 16, 2017 8:28am Mar 16, 2017 8:28am
From the beginning of the day use 15 pips scalp. sell 730 buy 715.
It seams to be ok till now ... but when it leaves)) hope to be on the good side till next s/r level
Happy trade all !
It seams to be ok till now ... but when it leaves
)) hope to be on the good side till next s/r levelHappy trade all !
- #1,097,130
- Mar 16, 2017 8:28am Mar 16, 2017 8:28am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
{quote} I have 4 displays and two computers, two screens on lower timeframes (m5 m15 m30) and two on higher TF (h1 h4 d1). I follow EURUSD, GBPUSD, AUDUSD, NZDUSD, EURGBP, USDJPY, USDCAD, USDCHF But I think 70% of the volume is on EURUSD This is how it looks like... {image}
(no offence, I a good sense) I have to work out my shit on one screen common desktop and produce my great masterpiece on it 
Member
- #1,097,131
- Mar 16, 2017 8:32am Mar 16, 2017 8:32am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
From the beginning of the day use 15 pips scalp. sell 730 buy 715. It seams to be ok till now ... but when it leaves
Pretty much of a zig-zag today for scalping two ways, isn't it!
yeah, tell me about it! Makes me sick that zig-zag 
Member
- #1,097,132
- Mar 16, 2017 8:34am Mar 16, 2017 8:34am
- Joined Jan 2016 | Status: Trader | 1,309 Posts
Drawdown is more important than Account Size !
- #1,097,134
- Mar 16, 2017 8:42am Mar 16, 2017 8:42am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
{quote} Sorry, I don't understand the math. Premise: 90% are wrong, 10% are right. Short: 70 %. Long: 30%. Now: Short is right: 10% of 70% = .07 Short is wrong: 90% of 70% = .63. Long is right : 10% of 30% = .03 Long is wrong : 90% of 30% = .27 The important thing is: Who is right and Who is wrong. That ends up to the beginning of the premise. Either Long or short : It is always be 90% wrong and 10% right.
...can't you figure it out?1. Nobody can tell 90% are wrong all the time
2. What source? I mean FF has their own people who express their options/opinions, other broker has other statistics....what are we talking about ...it's BS!
But assuming all true, mathematically:
if we got 56% options in one direction, and 90% constantly wrong (all the time), it makes 50.4 (so, more than 50%) in the other direction "certitude"
I only use one computer no wonder i am not too good with trading forex.... {image}
Gosh volatility is back where it was .. nowhere .. what the f .. 30 pip range again ...
Member
- #1,097,135
- Mar 16, 2017 8:45am Mar 16, 2017 8:45am
{quote} I envy you, man!
I like to see more than one pair to see divergences and convergences and try to enhance the trading activities.
Depending of the country you live, a display card and a display will not cost more than USD 200 or 300...
- #1,097,137
- Mar 16, 2017 8:48am Mar 16, 2017 8:48am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
Member
- #1,097,140
- Mar 16, 2017 8:56am Mar 16, 2017 8:56am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
fuckin shite this market, beside the surprising cable absolutely nothing moves, what the fuck are they scared of, its after all CB news, even usdcad is only 30 pips well into London and 2 hours into NY
I've already cursed all saints today
Member