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- ptyforex replied Mar 24, 2015
Take the loss on the buy, and take the short now.. Stop loss for the short order is a close across the yellow line on the 5m chart. image
EURUSD
- ptyforex replied Mar 24, 2015
image Have a look at the amount of wicks we have had across 1.09161 on the 5m chart. As of right now EU is a long all the way to 1.09536 BEING THAT it has not been able to close under 1.09161. Should the bid close under 1.09161 on the 5m then you ...
EURUSD
- ptyforex replied Mar 24, 2015
Just like when EU was moving up he went silent, and once it started to drop all of a sudden his hourly post increased 15 fold. Then again, he is trading in a demo account, so I don't see why people are even considering taking his recommendations. I ...
EURUSD
- ptyforex replied Mar 24, 2015
It sure did... I was short AJ prior to the usd news (as AU,AJ, AND EU have positive correlation most of the time), and AU dropped hard, while AUD.JPY dROPPED but not as sharply. That gave me the hint that AU,AJ, AND EU would turn around, and that is ...
EURUSD
- ptyforex replied Mar 24, 2015
Should EU on the 5m close across 1.09970 then hedge your sells, because she will spike 2 daily pivots north!
EURUSD
- ptyforex replied Mar 24, 2015
In case you haven't noticed, but when you upload your account to trade explorer, your account number isn't revealed.
EURUSD
- ptyforex replied Mar 24, 2015
image The picture posted above is "accumulation" on the m5 tf. My strategy is rather simple, and I will give a very broad explanation of it. Once you are in a confirmed accumulation, simple look at the candle which CLOSES making a new high or low ...
EURUSD
- ptyforex replied Mar 24, 2015
No I am not using a 0 spread broker, but what I am doing is looking for accurate entries on the lower tf. My trading method involves simply trading from daily pivot to daily pivot. Why? Well because daily pivots is where the accumulation and ...
EURUSD
- ptyforex replied Mar 24, 2015
My risk management is always the same. 1:1 I am willing to risk 10% of my account to earn 10% profit. Based on the formations I see, I adjust my lot size accordingly. My form of trading doesn't give leeway to bias. Either I am right or wrong almost ...
EURUSD
- ptyforex replied Mar 24, 2015
Yes, I do think holding a red position, even if you are in red following the overall trend is a horrible way of trading. Why?Oly because you have a bias towards a position, and you tend to ignore what is going on in front of you. A red position ...
EURUSD
- ptyforex replied Mar 24, 2015
You ignored me, only to take me off of ignore, only to send that message, then put me back on.
EURUSD
- ptyforex replied Mar 24, 2015
Are you aware of the fact that one could have NEGATIVE pips and still be very much in green? Have you ever seen someone have an account with 10,000 pips profit and -99.99% return? Before you jump to bash my form of trading, please be advised that ...
EURUSD
- ptyforex replied Mar 24, 2015
Which now leads to the question "What is proper money management". Money management can skew the results of the trade, as most people look at drawdown % as a great indicator of how good your money management and system actually is. Does a low ...
EURUSD
- ptyforex replied Mar 24, 2015
Trading is my thing, but it would be nice if you answered the question. If a person sets a target, and it is eventually hit,even if their account is margin called,does it make the call a "good one" or is it due to margin call it voids the actual ...
EURUSD
- ptyforex replied Mar 24, 2015
Very well said. Yet, at what point do you cut your losses when you realize that you stand to lose your entire account before "8" is hit. And if you do margin call your account, and 8 eventually is it. Does it mean you were right from the offset, ...
EURUSD
- ptyforex replied Mar 24, 2015
Very said. My guess is that the "world bank" and their "gurus" main purpose is to create bagholders as they fiddle with the price to profit as much as they can. Just like now they have been screaming 1.00 on EUR/USD and now everyone on the forums ...
EURUSD
- ptyforex replied Mar 24, 2015
Doesn't the ole saying go "Do as I say, and not as I do?" Although their are many different ways to trade, the reality is no one (at least that I know or have seen online) does so consistently. That is why the market hands it to us eventually, ...
EURUSD
- ptyforex replied Mar 24, 2015
By the time the "trend has reversed" EU would of moved up well over 1000 pips, and all the sellers would be crying bloodly murder. Do recall that prior to EU's drop from 1.3999 to 1.04 it was in a 2 year uptrend. : ) Imagine telling the world once ...
EURUSD