Thread: EURUSD

What could you reccommend?

Originally Posted by ;

A plogical take profit is as non-productive as a plogical stop reduction. IMHO, it is better to learn and understand time/price moves and than to exchange those moves rather than deciding it's to go 150 pips.

As far as the euro goes....there have been a great deal of pips on the table. Count the pips on the swings of the chart. In case your system or egy didn't create positive pips with swings, you may want to consider alternative egies or egies.

Originally Posted by ;

My reason for starting this thread was for traders to discuss their ideas in terms of taking a position in the market (One thing I didnt see happening on the forum.) So that there could be learning and discussion throughout trading.

Explaining the 'why' of a trade or forecast is the key to learning. Putting it into an order is creating a committment to back up the position.

By way of example, now could be an ideal time to listen to what traders are saying regarding the EUR/USD. Are you currently will stick with the trend or taking a change position? What committment are you really going to create and why.

LOU

I am sticking into the EZ Trade system. # 1, Beacuse. I do not know enough or have enough expertise to generate acurate predictions. #2 I've cleaned out two demo accounts ( working on the next today) using my plogical predictions. So I know enough to know that I do not know enough to create my own calls

While I, like most traders here, happen to be short on the USD for a while I'm level.

Rationale: When a fad or stock etc becomes front page news, is about the tv radio each day, and everyone you bump in to anyplace is talking about it it is time to take profits and re-evaluate before jumping back into the market.

It never hurts me to take profits and be level even if I leave a lot of pips on the desk because I could never , ever appear to call the top or bottom and that I do not bother to attempt.

It always hurts me to give back pips to the market because I was too greedy to take profits when I first started becoming uncomfortable with a position.

I'll be trying to find a strong confirmation of fashion continuation or reversal before putting any mid or long time period transactions.

Originally Posted by ;

now would be an ideal time to hear what traders are saying regarding the EUR/USD.

The only sane person shorting the EURUSD right today is your E-12

Originally Posted by ;

While I, like many traders here, have been brief on the USD for a while, now I am flat.

Rationale: When a trend or stock etc becomes front page news, is on the television radio each day, and everyone you bump into anyplace is talking about it - it's time to take profits and reevaluate before jumping back into the market.

It never hurts me to take profits and be flat even when I leave a lot of pips on the desk because I could never seem to call the top or bottom and I don't bother to try.

It always hurts me to return pips to the market because I was too greedy to take profits when I started getting uncomfortable with a position.

I'll be looking for a strong confirmation of fashion continuation or reversal prior to putting any mid or long time frame trades.

One common adage on this topic mat is completely wrongheaded is You can not go broke taking profits.That's precisely how many traders do go broke. While amateurs go by taking losses, professionals go by taking small profits. The issue in a nutshell is that nature doesn't operate tomaximize profit but instead to maximize the chance of a profit. The desire to maximize the number of winning trades (or minimize the number of losing trades) works against the trader. The success rate of trades is the important performance statistic and may be linked to performance. William Eckhardt

Originally Posted by ;

No market signals as far as I am concerned. Just scalps on TF dips today though. I won't be holding any places over the Davos speech of Trump. Post-Davos. .Buying collapses, targeting 1.26. Subject to change if some sell sign pops up.

That is the reason for more losers than winners. Many want to market at the top even when there Is Not Any clear sign

Originally Posted by ;

quote That's the reason for more losers than winners. Many want to market on top even if there's not any obvious signal

Taming the lazy greed monster has become the most significant developmental step. The monster's sense goes something like....

Appearance, it has to top sometime! It's gone up so much, this must be it! That price action looks kinda-sorta-maybe bearish! Time to short..Screw SLs, it must go down sometime anyhow.... My entry target are reasonable!! YEAH LETS DO THIS....Oh dear God it's breaking out bullish again.

The very best time to take alteration is after consolidation. Give it time to get it. That's is the reason Forex is a game of patience.
It is connected pair may enter consolidation from now following strong bearish move.

Dare we finally state down we fucking go baby! FINALLY! haha 500 pip ez?

Daily bar shifted entirely, I didn't receive any of this, I was not even contemplating trading any more and was going to have a walk, you can not get em all, still ahead on day a bit, that's what really counts, some more gains and I may improve my participation