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  • #1,097,821
  • Mar 20, 2017 11:03am Mar 20, 2017 11:03am
Really small range there. Bulls want 56 and bears want 50.

but daily if closes like this is not good sign for
bulls. They have to work hard to make it look good.
  • #1,097,822
  • Mar 20, 2017 11:03am Mar 20, 2017 11:03am
We shall see what happens... it looked like there was a bigger (for these dead markets) order to BUY EURUSD on the hour.

But still pretty quiet here so far... My guess would be shoots up long given what I've said earlier.
  • #1,097,823
  • Mar 20, 2017 11:05am Mar 20, 2017 11:05am
Quoting yanitsa
Stopped out on pound , 2.5 % down . Cool start of the week , eh ?

I get happy when I am stopped out, it means I was in a wrong trade and self torture is over. I can then seek for the next trade.
In between, you must be insane to touch GBP before article 50 comes on board.
  • #1,097,824
  • Mar 20, 2017 11:07am Mar 20, 2017 11:07am
Quoting tstivers
{quote} It's looking like the same bullshit we saw last week. False TA indications, couple big moves due to news, and sideways movement the rest of the week. Fuck this nonsense.
Agree. But there are only 2 numbers to watch: 730 and 767. Sounds like Boeing in Euro.
  • #1,097,825
  • Mar 20, 2017 11:07am Mar 20, 2017 11:07am
Quoting tstivers
{quote} If I were to give up at the first sign of struggle, or the first suggestion that it "wasn't for me," then you would be correct. It wouldn't be for me. Thanks for your backhanded advice, but no thanks.
you need to listen to those more experienced than you, that is how you learn. your willingness to do that on here is not going to get you anywhere.
  • #1,097,826
  • Mar 20, 2017 11:10am Mar 20, 2017 11:10am
Quoting Don96
{quote} you need to listen to those more experienced than you, that is how you learn. your willingness to do that on here is not going to get you anywhere.
Sounds like how pump n dumps get started.

But I've been using your fibs today. So far got me nowhere. All trades either broke even, got stopped out, or made a minimal profit because I closed the trade out when it was clear it wasn't going to continue along the desired direction.
  • #1,097,827
  • Mar 20, 2017 11:10am Mar 20, 2017 11:10am
Quoting Connors
{quote} Exactly what I needed to see now! Asshole!!!
seriously on days like this it is so satisfying to just trade wherever and whatever and make some profit, once a reosnable plan is in order who care about the money management on a £3.50 account? not like i can risk 3.5p anyway...

here is where im at, just sold EG for 2 pips for my trade at 16:00 - 16:30
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  • #1,097,828
  • Mar 20, 2017 11:12am Mar 20, 2017 11:12am
Quoting Don96
{quote} seriously on days like this it is so satisfying to just trade wherever and whatever and make some profit, once a reosnable plan is in order who care about the money management on a 3.50 account? not like i can risk 3.5p anyway... here is where im at, just sold EG for 2 pips for my trade at 16:00 - 16:30 {image}
You are killing me man!
Will I get my tp @1.0724 and when will UJ print 112.30? So many questions on me mind..
  • #1,097,829
  • Mar 20, 2017 11:14am Mar 20, 2017 11:14am
Quoting frx_trader
{quote} Agree. But there are only 2 numbers to watch: 730 and 767. Sounds like Boeing in Euro.
lol, I like that Boeing part mate :-)
  • #1,097,830
  • Mar 20, 2017 11:16am Mar 20, 2017 11:16am
Quoting tstivers
{quote} Sounds like how pump n dumps get started. But I've been using your fibs today. So far got me nowhere. All trades either broke even, got stopped out, or made a minimal profit because I closed the trade out when it was clear it wasn't going to continue along the desired direction.
I made 57 pips in total with EUR today and 47 on the UJ with fibs. If EUR can hit 1.0724, that will be another 30 pips and I will call it a day.
Maybe you are using very tight stops.. FOR EUR, I usually have 20-25 pips stop and UJ 30-35 pips.
Unlike Don, I cant work with tight stops, too stressful for me.
  • #1,097,831
  • Mar 20, 2017 11:17am Mar 20, 2017 11:17am
To hell with the euro today. At least this I can make some cents out of.
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  • #1,097,832
  • Mar 20, 2017 11:20am Mar 20, 2017 11:20am
Quoting Connors
{quote} I made 57 pips in total with EUR today and 47 on the UJ with fibs. If EUR can hit 1.0724, that will be another 30 pips and I will call it a day. Maybe you are using very tight stops..
I wouldn't say my stops are so tight that it's what's causing them to be hit. I use tight stops. But I make my stops tight by being selective with my entry. My stops are in logical places. Every time the stop has been hit, the price continued against me so.

Like I said earlier, the EU is just stuck on stupid today. Can't make any sense out of price action, so to hell with it. Move to another currency that has more volatility.
  • #1,097,833
  • Mar 20, 2017 11:24am Mar 20, 2017 11:24am
Quoting Don96
{quote} seriously on days like this it is so satisfying to just trade wherever and whatever and make some profit, once a reosnable plan is in order who care about the money management on a 3.50 account? not like i can risk 3.5p anyway... here is where im at, just sold EG for 2 pips for my trade at 16:00 - 16:30 {image}
We'll that didn't go to plan did it, was either short EU or short eg and I have to suffer 13 pip insgantly - couldn't even make 2 pips
  • #1,097,834
  • Mar 20, 2017 11:24am Mar 20, 2017 11:24am
shorted this sucker 0753 targets lower 0700 and 069xx to close the day
  • #1,097,835
  • Mar 20, 2017 11:25am Mar 20, 2017 11:25am
Sigh! Finally
  • #1,097,836
  • Mar 20, 2017 11:26am Mar 20, 2017 11:26am
Quoting tstivers
{quote} I wouldn't say my stops are so tight that it's what's causing them to be hit. I use tight stops. But I make my stops tight by being selective with my entry. My stops are in logical places. Every time the stop has been hit, the price continued against me so. Like I said earlier, the EU is just stuck on stupid today. Can't make any sense out of price action, so to hell with it. Move to another currency that has more volatility.
Cool, I do trade time to time other pairs than EUR and JPY but I have been screwed over so many times with those mate.
They have completely different logic and I probably dont have the right mind set to trade them. So focusing on what I can trade, you should do the same like you said. In a way, you remind me of myself a couple of years ago, hang in there! It is not rocket science, if you want it you will make it.
  • #1,097,837
  • Mar 20, 2017 11:31am Mar 20, 2017 11:31am
Quoting Connors
{quote} Cool, I do trade time to time other pairs than EUR and JPY but I have been screwed over so many times with those mate. They have completely different logic and I probably dont have the right mind set to trade them. So focusing on what I can trade, you should do the same like you said. In a way, you remind me of myself a couple of years ago, hang in there! It is not rocket science, if you want it you will make it.
For me, EU has no logic. The only time I'm able to make profits on EU is during major news releases when price moves 100+ pips in the span of an hour. I've been very successful just watching the chart and getting in on the momentum there. Pretty much an easy 50+ pips every time. It's when there's nothing pushing the market that my account gets chiseled down.
  • #1,097,838
  • Mar 20, 2017 11:33am Mar 20, 2017 11:33am
Got me out of my trade 5 mins before this down move.
  • #1,097,839
  • Mar 20, 2017 11:38am Mar 20, 2017 11:38am
Quoting Stillearnin
Got me out of my trade 5 mins before this down move.

Trust me, its better than trying to fight long like I have.
  • #1,097,840
  • Mar 20, 2017 11:41am Mar 20, 2017 11:41am
Quoting SnaveForex
shorted this sucker 0753 targets lower 0700 and 069xx to close the day
added 0742....and she goes...
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