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- ptyforex replied Mar 26, 2015
At the time in which the the poster commented their were no global market open. Once the US market closes their are none open for several hours.
EURUSD
- ptyforex replied Mar 26, 2015
Please remember that the US market is closed, and since their is no global market open at this moment you will see those type of spreads. Unless you with a REAL ECN BROKER. The picture below shows my current spread. image
EURUSD
- ptyforex replied Mar 26, 2015
Well assuming they followed his money management, I don't think their accounts would of burned, but it would have a 7-10% drawdown. The bad part is their hands would be tied to open a new position, if they stick to money management plan. I honestly ...
EURUSD
- ptyforex replied Mar 26, 2015
Have a look at EU at this current moment... You can see that EU has touched one of it's daily pivots. image Once the daily pivot has been touched... We then wait for an official accumulation pattern on the 5m tf. The question would then be...... ...
Accumulation & Daily Pivots
- Accumulation & Daily PivotsStarted Mar 26, 2015|Trading Discussion|2 replies
Good day to all. I have spent a lot of time on the EUR/USD thread, which has enlightened me to ...
- ptyforex replied Mar 26, 2015
Why can't we talk about something other then FXT. His position wasn't a good one, and if he was so confident about the selling of EU, then he would of added to the position. I'm honestly sick of hearing "Well if he sticks to his money ...
EURUSD
- ptyforex replied Mar 26, 2015
How do you justify a point as being "valid"? We all trade with some sort of bias, which of course (referring to bias) leads to revenge trading, or freezing funds which shouldn't normally be frozen. The sad reality about trading is that it is 100% ...
EURUSD
- ptyforex replied Mar 26, 2015
I agree, it was an oversimplification, but what no one seems to be touching on is the amount of PIPS you give up (Pip-drawdown), is one of the two stats uses to calculate Drawdown %. So all in all a trader should focus on the pips they give up, ...
EURUSD
- ptyforex replied Mar 26, 2015
The fact is a red position of 231 pips for a scalper is a margin call about 3 times over, but for a swinger it is normal. The reality is 230 pips once a market starts to accumulate will almost certainly turn into 500-800 pip loss. I believe if ...
EURUSD
- ptyforex replied Mar 26, 2015
After EU's spike up we can see that it has passed the R1 daily pivot, only to move back down under it, but based on how I calculate "Accumulation" the currency has yet to form accumulation. As we have kept making new lows without any engulfs to the ...
EURUSD
- ptyforex replied Mar 26, 2015
It appears that he rather sink with the ship instead of swimming to safety.... Man Bias is such an ugly thing. That especially happens when you believe the "trend is your friend". Once you find out that your friend has now moved on, it is way to ...
EURUSD
- ptyforex replied Mar 26, 2015
Well karma has a way of revealing it's ugly head. Although the way fxtryant's behavior towards his fellow members isn't a representation of how he trades, the reality is if he spent LESS time posting, and more time trading then maybe this would not ...
EURUSD
- ptyforex replied Mar 26, 2015
Supply and Demand works a bit different in forex then in stocks. In forex, which is evident with the price action we see daily, would suggest that the market moves from daily pivot to daily pivot, AGAINST what the retail market suggest will occur. ...
EURUSD
- ptyforex replied Mar 25, 2015
image Are you sure you want to scalp EU for a sell when the bias is this heavy to the short side?
EURUSD
- ptyforex replied Mar 25, 2015
We most certainly are. My guess is that both bulls and bears have equal strength here. Also note that the pair has remained pretty flat during London session for about 3 trading days. Asia has been the one propping EU up
EURUSD
- ptyforex replied Mar 24, 2015
Honestly, I would like for it to move there now, but I have taken profit so I no longer am watching it. With the formation EU has formed on the 5m since the drop down, and the slight bounce up from the main pivot EU SHOULD drop down to the main ...
EURUSD
- ptyforex replied Mar 24, 2015
You are right about that. It never works, but I am not revenge trading, as I have not opened a new order since the price was closed across. Due to the low liquidity at the moment, i placed the sl at the high of the candle and it has yet to be hit. A ...
EURUSD
- ptyforex replied Mar 24, 2015
Here are the orders, and the sl... If eu drops 5 pips, it would be a very big profit for me since I was playing pepper with the sl line.
EURUSD
- ptyforex replied Mar 24, 2015
Yup... Long green candle close acrossed the sl line. I now have a sl at the high of the open candle. So any spike up will automatically close me out at 7 pips loss.
EURUSD
- ptyforex replied Mar 24, 2015
I will more then likely trail stop once EU hits the main pivot which is 1.0891 You can also see that EU has flirted with my sl, but has yet to close across it. So right now holding the position for a very small amount of pips profit. After the ...
EURUSD