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  • #1,097,781
  • Mar 20, 2017 9:01am Mar 20, 2017 9:01am
Quoting jusstin911
{quote} No LOGIC in your statement.. A better entry is far important than exit even though both is required.. With a proper entry, you have the chance of moving your stops to BE (Positive)... But if you enter at the wrong time, you have the chance of moving your Stop to negative ...
What is a proper entry? The one where you never go into red? The one on the very top or bottom? Important question is the size and when to exit, because we both know there are only a very few extreme price points which won't be visited more than once, every other price point has 2+ visits.
  • #1,097,782
  • Mar 20, 2017 9:02am Mar 20, 2017 9:02am
Quoting renanvito
{quote} Dont you think 1.073X could be a great support to go long?

In my chart, I see 1.07146

My reason is, it needs to complete the triangle. Now the charts still run on my marked trend line. so I hope to see that HAHAH.

But i still hope for the 1.069xx, Actually I've set up two buy limit thread for that.

one for 1.07146 another one for 1.069xx If it hit only one, that'll be good enough for me.

If not i'll just find the lowest point at that time then go long.
  • #1,097,783
  • Mar 20, 2017 9:03am Mar 20, 2017 9:03am
Just allow me to say that this London sess. really sucks. It's worse than the fkn Asian one!
Poor PA.
Is it Monday?... Is it the Japs fkn holiday?... Is it London weather?... don't bother to answer, is rethorical

c'mon yanks!!!
Member
  • #1,097,784
  • Mar 20, 2017 9:05am Mar 20, 2017 9:05am
Quoting TudorIoan
Just allow me to say that this London sess. really sucks. It's worse than the fkn Asian one! Poor PA. Is it Monday?... Is it the Japs fkn holiday?... Is it London weather?... don't bother to answer, is rethorical
Expect this till Thursday .. that's been a trend last few weeks. Wednesday if we get lucky. NY doesn't move it much either until London closes.
  • #1,097,785
  • Mar 20, 2017 9:06am Mar 20, 2017 9:06am
Just bought pounddollar .
Yes, I know it makes no sence and it's not even for this thread ......
  • #1,097,786
  • Mar 20, 2017 9:08am Mar 20, 2017 9:08am
There is a struggle at the pivot (1.0751) today. Closed everything waiting for a better entry either way.
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forex forex forex
  • #1,097,787
  • Mar 20, 2017 9:10am Mar 20, 2017 9:10am
Quoting mades
{quote} I disagree. Most important thing is to find good exit points. It does not matter that much where your entry is but it damn matters to your result where your exit is.
Most important is to enter at exit and exit at enter! (sales pitch crap!)

Not like it matters much, but both are relative to your account size and leverage and most importantly, luck. If you go against price flow, not even luck will save your entries and exits (not order flow, just the price moving flow).
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  • #1,097,788
  • Mar 20, 2017 9:12am Mar 20, 2017 9:12am
In experimental accounts, sitting on $300 of P&L and realized $400 of loss today so far. I am doing this new experiment though where I position in all currencies by 8-9:30 AM EST and either hold to the end of day once positioned, or sometimes even longer. I'm interested to see though where the P&L ends for the day. In the past on non-news days like I suspect this will be (where there is no "big" news), I've usually ended net around +$300 on an around $10,000 (demo) account. Just demo for now with this experiment though...
  • #1,097,789
  • Mar 20, 2017 9:12am Mar 20, 2017 9:12am
Ranging in 5 mins chart.
Good for scalping.
Short is safer than long for me !!!
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  • #1,097,790
  • Mar 20, 2017 9:18am Mar 20, 2017 9:18am
Quoting TudorIoan
Just allow me to say that this London sess. really sucks. It's worse than the fkn Asian one! Poor PA. Is it Monday?... Is it the Japs fkn holiday?... Is it London weather?... don't bother to answer, is rethorical c'mon yanks!!!
It's EG, for more than a month now. London doesn't trade USD anymore, only Euro/Pound crosses
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  • #1,097,791
  • Mar 20, 2017 9:20am Mar 20, 2017 9:20am
Quoting yanitsa
Just bought pounddollar . Yes, I know it makes no sence and it's not even for this thread ......
Stop 1.2364 , target 1.2414
  • #1,097,792
  • Mar 20, 2017 9:23am Mar 20, 2017 9:23am
Quoting Angelina
Ranging in 5 mins chart. Good for scalping. Short is safer than long for me !!! {image}
Glad I'm not the only person who saw this. Was struggling on 15 min chart, couldn't find anything good. Went to 5 min and saw a clear upward trend.
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  • #1,097,793
  • Mar 20, 2017 9:26am Mar 20, 2017 9:26am
Quoting renanvito
{quote} Dont you think 1.073X could be a great support to go long?
yes
but SL may be at 1.0630
The Phoenix Trader....
  • #1,097,794
  • Mar 20, 2017 9:28am Mar 20, 2017 9:28am
Quoting tstivers
{quote} Glad I'm not the only person who saw this. Was struggling on 15 min chart, couldn't find anything good. Went to 5 min and saw a clear upward trend. {image}
As clear as fodggy day

  • #1,097,795
  • Mar 20, 2017 9:33am Mar 20, 2017 9:33am
Quoting mades
{quote} What is a proper entry? The one where you never go into red? The one on the very top or bottom? Important question is the size and when to exit, because we both know there are only a very few extreme price points which won't be visited more than once, every other price point has 2+ visits.
in your words, 'It's undeniably easier' to find entries huh? if this is true, then you should not find any problem exiting, in fact it should be easier for you.. The very same 'Hammer' that formed a bullish trade will also come as a 'Shooting Star' for bearish and this applies to other several candles (If you trade candle sticks)

For me, I still say a proper entry is not easy and if one is lucky enough to find a good entry, moving your stops should not be a problem... (If entries was easy, everyone would be rich from closing in BE)

Nobody wants to place a buy and see price fall like a rock... at that time, you have to pray/wish it comes back up but with a good entry, you have less to worry about.

Yes account size do count in trading generally
  • #1,097,796
  • Mar 20, 2017 9:33am Mar 20, 2017 9:33am
Quoting sakisf
{quote} It's EG, for more than a month now. London doesn't trade USD anymore, only Euro/Pound crosses {image}
London doesn't trade USD anymore ...nice said, ...although the EUR/USD it's the most traded pair overall.
Agree on euro crosses lately, mostly E/G, looks more tradable.
Member
  • #1,097,797
  • Mar 20, 2017 9:42am Mar 20, 2017 9:42am
Quoting yanitsa
{quote} As clear as fodggy day
Pretty fucking much. Ended up closing that position with 12 cents profit because it clearly wasn't going to continue where I thought. Glad I closed it, now it's currently around my break even.

Hope the market gets its head out of its ass soon.
  • #1,097,798
  • Mar 20, 2017 9:44am Mar 20, 2017 9:44am
Quoting tstivers
{quote} Pretty fucking much. Ended up closing that position with 12 cents profit because it clearly wasn't going to continue where I thought. Glad I closed it, now it's currently around my break even. Hope the market gets its head out of its ass soon.
Dont worry , it will be moving .It needs some triger - data , speech , Trump ....whatever .
Every monday is like that
  • #1,097,799
  • Mar 20, 2017 9:47am Mar 20, 2017 9:47am
Quoting yanitsa
{quote} Dont worry , it will be moving .It needs some triger - data , speech , Trump ....whatever . Every monday is like that
Well I think it's time for Agent Orange to start using those tiny hands of his on Twitter.

Come on Fox, say something to piss him off.
  • #1,097,800
  • Mar 20, 2017 9:54am Mar 20, 2017 9:54am
Seem this 1.07580, is causing some big reactions!
Learn, a forex trader must, unlearn and relearn he will.
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