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  • #1,100,941
  • Mar 30, 2017 2:55pm Mar 30, 2017 2:55pm
on second thought, maybe I buy 1.064
Kids, DON'T do this at home!
if you do, don't blame me.
Blame Voodoo
you are not expected to understand this
  • #1,100,942
  • Mar 30, 2017 2:56pm Mar 30, 2017 2:56pm
Quoting Connors
{quote} You trade at your own risk, my point is without any sign of reversal why you add another long position -thinking that "sth is cooking" while you dont know whether Asia will - most likely - keep testing the lows or not after such important levels have been crushed over. Anyway, your account your money. Good luck mate!
Thats actually a very good point, i got over excited as always, thanks for the sensible advice.
Loser trying to become a winner!
  • #1,100,943
  • Mar 30, 2017 2:57pm Mar 30, 2017 2:57pm
Quoting jusstin911
{quote} Yes, you got it right.. 60pips... then we can see some reversal
Lol what I meant was that it might not even go any further down. It's possible through asian session and London it'll correct itself to maybe around 1.07 or further? Who knows just my thoughts.
  • #1,100,944
  • Mar 30, 2017 3:10pm Mar 30, 2017 3:10pm
nothing to do with "luck", I don't believe in luck, I believe in price.
Look at the weekly / monthly. As long as you buy the bottom (and the 1.045 holds) the intraday price doesn't really matter.
I would not do this on a private account that I can't hedge. But I think I explained my thinking on this often enough. The point is, people short the shit out of it, the big guys take the longs, and I plan to ride with them because they don't lose. In my opinion we will see a bullrun after france elections.
By now it's nothing but a small breakout of the H4 channel and it didn't even start the pullback yet.
Draw a line or two...
but enough of this. It's pointless to discuss here
sorry for your feelings

In order to live you must be willing to die
(and that's a very well calculated mini death on my part)

and before anyone has any ideas, I will not really buy 1.064 if it doesn't show strong signs of turning around.
I think it will hit my personal point of "ok this is shit" when it passes 064 and I close all positions and wait.
you are not expected to understand this
  • #1,100,945
  • Edited 7:06pm Mar 30, 2017 3:17pm | Edited 7:06pm
Edit: Forgot this post guys !!!
Sorry about my silly mistake !!!
I am learning from your trades ideas guys !!!

Thank you!
Cheer !!!
  • #1,100,946
  • Mar 30, 2017 3:23pm Mar 30, 2017 3:23pm
Scalping euro short
Pecuniae obediunt omnia
  • #1,100,947
  • Mar 30, 2017 3:29pm Mar 30, 2017 3:29pm
I think we will at least see a small retrace to 1.07-1.0720 - before a further mover down where it will either retest the lows and bounce up or push further to 1.0640-1.0620
  • #1,100,948
  • Mar 30, 2017 3:39pm Mar 30, 2017 3:39pm
Its flat im out. Ill wait later
Pecuniae obediunt omnia
  • #1,100,949
  • Mar 30, 2017 3:45pm Mar 30, 2017 3:45pm
Also this week it has fallen 230 pips without anything more than a 35 pip retrace, so if it falls soon rather later I think we will see a bounce of 60 pips or more, if we get another 30-40 pip retrace now it will likely fall further before a significant retrace.

(also it's end of month so anything can happen!)
  • #1,100,950
  • Edited 4:25pm Mar 30, 2017 4:10pm | Edited 4:25pm
Quoting Angelina
Have not seen any1 here say that they will short with 30 pips sl and 30 for tp on the counter trend. 9 out of 10 of traders are waiting for rebound then long... Trailing stop will reduce the risk when market rebound. Following the trend with small time frame chart when you see 4h, daily and weekly charts keep breaking lower. Willing to help but new traders need to take some losses then learn from the losses. Find the right indicator which you can read, if not find anothers until you can read and understand it. Sticking with some indicator which...
The only indicators worth reading are MA and maybe RSI. Those tell you what the price is doing. The others are just nonsense. If indicators were as useful as everyone says, then why are any of us talking in this forum and making our predictions? If indicators were useful, there would be no need for humans because computers can very easily understand math.

MA gives you the trend. Short term, medium term, and long term. RSI can give you an idea of when a movement is about to lose momentum, and has proven pretty accurate. The rest, fibs, head & shoulders, ABCD, etc constantly get broken and constantly give false signals. They're bullshit. You can't quantify the laws of supply and demand and economics with simple mathematical equations that have no relation to the laws of economics.

And then when the indicators get broken or prove to be full of shit, the supporters of them claim, "Oh, you're just reading it wrong." There is no mathematical equation for human psychology. Understanding market psychology is what will make you a successful trader. Not a handful of indicators.
  • #1,100,951
  • Mar 30, 2017 4:33pm Mar 30, 2017 4:33pm
Quoting Nightingales
{quote} More than watching paint to dry... Sold @ 1.08604
I'm securing my short [1.08604] by placing SL/TP:
SL @ 1.07080
TP @ 1.05780 (±80% Retracement)
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd D1 March 30, 2017.png Size: 38 KB
  • #1,100,952
  • Mar 30, 2017 5:31pm Mar 30, 2017 5:31pm
Quoting Nightingales
{quote} I'm securing my short [1.08604] by placing SL/TP: SL @ 1.07080 TP @ 1.05780 (80% Retracement) {image}
great job man
  • #1,100,953
  • Mar 30, 2017 6:27pm Mar 30, 2017 6:27pm
[quote=tstivers;9724688]{quote} The only indicators worth reading are MA and maybe RSI. Those tell you what the price is doing. The others are just nonsense. If indicators were as useful as everyone says, then why are any of us talking in this forum and making our predictions?

Agree, this is all I use and smashed it over the last few days. Just riding the waves.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,100,954
  • Mar 30, 2017 6:59pm Mar 30, 2017 6:59pm
Quoting tstivers
{quote} The only indicators worth reading are MA and maybe RSI. Those tell you what the price is doing. The others are just nonsense. If indicators were as useful as everyone says, then why are any of us talking in this forum and making our predictions? If indicators were useful, there would be no need for humans because computers can very easily understand math. MA gives you the trend. Short term, medium term, and long term. RSI can give you an idea of when a movement is about to lose momentum, and has proven pretty accurate. The rest, fibs, head...
very good t.

some are valid but not all you have mentioned are completely useless.
think about pros and cons. everything you have listed has em.
just gotta find which tools work best for your style.
can't use em then toss em.
/r
  • #1,100,955
  • Edited 7:47pm Mar 30, 2017 7:35pm | Edited 7:47pm
Quoting Curren
I v been long enough in FX market to spot a fake price action ,,, current PA is just a normal reaction after prices dropped due to gap covering , I understand it could go little more down before it goes up, but I don't want to risk that little more down for a huge spike up .. also , after three black crows on daily typically there will be 50% spike up , so don't get caught short handed , it will be very painful
some here also know how to smell bs as well. also, some may have been in the market longer than you have.
since you mention about gap covering in fx market, that alone speaks how much experience you have with this.
you are more than welcome to share your views, but ones ultimate decision on which direction to trade should be made on their free will.
plus, you shouldn't make a big scene out of others taking opposite direction from whatever your prediction is with the market.
imo, whether it's painful or not, it's non of your business.
Quite frankly... right now, aren't you the one who missed the 100 pips move and sitting in pain?
think about that.

p.s. bull will come when it's time and no one knows when. plenty of chance to get on the move even if you miss initial 100 pips or so.
/r
  • #1,100,956
  • Edited 9:19pm Mar 30, 2017 8:24pm | Edited 9:19pm
Quoting digger1
{quote} great job man
Thanks d1

Edit: Adding pic, same eurusd as on my chart posted above different timeframe
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd M15 March 30, 2017.png Size: 18 KB
  • #1,100,957
  • Mar 30, 2017 8:56pm Mar 30, 2017 8:56pm
Quoting ill_be_back
{quote} FIBS 88 again, UJ H1 {image}
FIBS
Last Post on 88
UC H4
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 17 KB
A good trader follows his rules, but great trader knows when to break them
  • #1,100,958
  • Mar 30, 2017 9:50pm Mar 30, 2017 9:50pm
Long pound here .
Stop 1.2456 , target 1.2520
  • #1,100,959
  • Mar 30, 2017 10:38pm Mar 30, 2017 10:38pm
Trust this compass. This is a good compass.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_2470.JPG Size: 399 KB
"Don't lose your cool, and you will fare well".
  • #1,100,960
  • Mar 30, 2017 10:40pm Mar 30, 2017 10:40pm
My Intraday Outlook.
(ahead London)

Euro plunging.
Very bad news on EU inflation killing the hope ECB may raise rates this year
..and warning for the bulls who might think EUR/USD is oversold and they can buy, euro may drop more!
Also Fed's Dudley said more rate hikes are needed to reduce risk of US growth and to control the rising inflation.
Probably more bad news for euro to come further today from eurozone.
Bad euro, bad boy!

My Intraday S/R levels on the chart below.

I'll sell the break-down(1.0670) or the 1.0700 - 10 zone.

Have a good trading day you all!
Attached Image (click to enlarge)
Click to Enlarge Name: ZHART1.png Size: 27 KB
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