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- Fxtp754 replied Feb 7, 2013
1.34 is a major level, if price can stay under it for a day then all hell will break loose and many longs are going to pull out. I'll buy at 1.3390 with stops at 1.3370 with first TP + break even at 1.3440 and other offer levels still remaining, but ...
- Fxtp754 replied Feb 6, 2013
Closing EU for -5 pips. EZ triggered. Still need to recap this weeks trades, very busy. New orders on EU. 1.3540 custom buy stop, first take profit at 1.3580 as well as break even + previous offer levels remain. Stop would be 1.3507. Please read my ...
- Fxtp754 replied Feb 6, 2013
Buying EU 1.3515 custom stops at 1.3485. All previous offer levels still remain. You'll have to go through my posts to find it and read the risk and execution disclaimers. This is a catch the bottom type of play. Very small risk for high reward. If ...
- Fxtp754 replied Feb 6, 2013
Closing both trades at break even. Dollar signals have switched our Euro bias, short term.
- Fxtp754 replied Feb 6, 2013
Closing EZ at break even. Dollar futures signaled off a warning sign for us. Other Euro buy stop also now cancelled. However, EZ custom buy stop now at 1.6150 with immediate SL at 1.6070. Offer levels will remain. Please read the execution rules and ...
- Fxtp754 replied Feb 5, 2013
Is it relevant to post about other Euro crosses in here? I really don't have the real estate to be in multiple threads. I am finding it literally impossible to post trades in time and keep a full journal here. To be honest, I'm not sure what I was ...
- Fxtp754 replied Feb 4, 2013
Update: Euro crosses are pulling back, but this is expected. With the RBA event coming up this week, we are placing a buy stop at 1.3674 in tandem with this EURUSD forecast, in the event we get stopped out. The stop on this buy stop will be 1.3605 ...
- Fxtp754 replied Feb 4, 2013
Update: Euro crosses are pulling back, but this is expected. With the RBA event coming up this week, we are placing a buy stop at 1.3110 in tandem with this EURAUD forecast, in the event we get stopped out. The stop on this buy stop will be 1.3015 ...
- Fxtp754 replied Feb 4, 2013
EW is something I plan on studying at a later date for context. My guess is it will turn into a subconscious element of my trading if I find it useful, but I'll still stick to the methods I can better quantify. The hardest aspect I have ...
- Fxtp754 replied Feb 4, 2013
Already some core longs on this train below. I will keep following up on this as much as I can. Even if we break solid bid levels, the trend really is still in tact. I'm expecting a push into 1.3760 on a monthly basis, at minimum. I've also ...
- Fxtp754 replied Feb 4, 2013
image Confluence The below are key figures that were determined from multiple layers of indicators at a price point. Bids are support, while offers are resistance: 1.3250 - (Offers) WR1, DR2, MR1 1.34 - (Offers) WR2, MM5 1.3530 - (Offers) Mr2, WM6 ...
- Fxtp754 replied Feb 4, 2013
image image Confluence The below are key figures that were determined from multiple layers of indicators at a price point. Bids are support, while offers are resistance: 1.3760 - (Offers) WR1, MR1, DR2 1.3880 - (Offers) WR2 1.3970 - (Offers) ...
- Fxtp754 replied Feb 4, 2013
Our original posts on the EUR/USD long analysis are attached. Here's an updated picture with the original levels still in place: image 1.3070 - (Offers) WR1, DR2 TRIGGERED 1.3035 - (Offers) DR1, WM4, WPV TRIGGERED 1.2980 - (Bids) DPV, WPV, D9EMA, ...
- Fxtp754 replied Jan 30, 2013
This isn't true. As traders, and humans, we are subjected to personal bias all the time. Typically, the way we operate as traders and people (beliefs, personality, convictions, friends, the type of food we eat) is a product of our EXPERIENCES. Once ...
- Fxtp754 replied Jan 25, 2013
It comes down to psychology, time, and technology. Those are the three main reasons. Psychologically people don't want another potential immediate loss, which they know is possible on every trade. Then there is time, as some people cannot sit around ...
- Fxtp754 replied Jan 25, 2013
Jack, Never hold judgements about trading products. No matter what anyone trades, the odds are highly stacked against everyone because of simple human error and emotions. As far as the shops, there is every right to steer people away from Cyprus ...
- Fxtp754 replied Jan 25, 2013
I wish binaries had the same type of upside potential as the options market. It could be an affordable place for retail to play FX options, but they are simply binaries. I think there are some interesting strategies out there that are applicable to ...
- Fxtp754 replied Jan 25, 2013
That's right, risk to reward won't make any bit of difference if you never seek out maximum rewards. IMO stop losses are the easy part. Letting trades run correctly, that's fairly difficult, but can be done. The biggest challenge with viable systems ...
- Fxtp754 replied Dec 12, 2012
In my opinion only: I typically like to revert back to common sense when it comes to stuff like this. If risk to reward doesn't matter, then we should all start placing trades with a stop loss 3 times bigger than the take profit. Of course, I'm ...
- Fxtp754 replied Dec 11, 2012
image Confluence The below are key figures that were determined from multiple layers of indicators at a price point. Bids are support, while offers are resistance: 1.3070 - (Offers) WR1, DR2 1.3035 - (Offers) DR1, WM4, WPV 1.2980 - (Bids) DPV, ...