Beginner's Disaster!

:smiley: I am also long at 1.3751, playing the NY close lowā€¦ same target as you HoGā€¦ SL is already at B/E

Yep, my charting platform shows pretty much the same except doji after bearish engulfing on my chart is more of a spinning top and star has more of a down wick on mine.

Purely as a question, does star still count as bearish even though itā€™s not the top candle of an up move. I know the engulfing is bearish, but does the star still count as bearish. Appreciate it has long upper shadow.

Since you mentioned it, just moved MY stop to B/E. No point risking anything you donā€™t have to for such a small trade eh?

For me is not bearishā€¦to be bearish has to be on top of the up trend


bearish as you said is the engulfing patternā€¦ that is the one formation still in playā€¦

Just got stopped out. Had moved my stop up to + 3 pips from my entry but wouldnā€™t have mattered anyway because, as Iā€™m sure you know, price just dipped below 3765 anyway. So itā€™s off to bed now yunny1. You tread carefully through the night.

Iā€™m off to dream of the luxuries Iā€™ll buy with my + 3 pips LOL!!

HoG

just closed this trade at 1.3781 30 pips in the bag :slight_smile:

Shorted EU @1-3703 this morning. Put a target at 1-3567. Stop 1-3760

Already moved my stop down to 1-3693, worse case scenario now +10 pips. Need to start protecting whatā€™s on the table.

Off to work now

Everything going according to plan ST. Happy families :smiley:

Just about out the door and noticed Iā€™d been stopped out for the + 10. Put the same trade back on again.

Good to hear it - my three are currently at their school photo (younger siblings are allowed to join in) - given that my boys are two, five and six it will be like a chimpsā€™ tea party!

the number one and most important thing i did learn from being a new trader is to know the market can do anything, and even when you think it is ā€œimpossibleā€ , it can still happen.

Good afternoon together! :slight_smile:

Well said! In fact, it is more often likely the ā€œimpossibleā€ will happen than that what everybody expects.

Nice you guys made a bit profit. Me, too! I shorted yesterday late evening around 13757 and made some nice pips. Not as much as it could, but I wonā€™t complain. I am very happy with my trade. One reason is I had the stop at 13792 and that was obviously a very good place. :slight_smile:

closed that trade for 84 pip profit and place another short position at 1.3837 :slight_smile:

If we do not retest 1.3650 today then I might not trade at all tomorrow

Nice work all. I took a NZD/USD Short off the Daily chart, which is currently not treating me well - although there is still hope lol - so I am out of EUR/USD today as I did not fancy double the risk.

Anyone know what caused the big spike this morning, mid-morning UK time?

ST

Something to do with Eurozone guys reassuring each other that Euro will not fail or something along that line.

I just heard through the grapevine in babypips chat room. Didnt wanna buy. Sold for healthy profits after news event.

this was the news that made possible the spike I am sick of this rumor thing :31:

Just my opinion. There is a lower tl at the daily right at 13755 plus another one of the down channel on top at 136 right now. So, lot of setups for swing traders. A news is then just the catalysator to ignite a bigger move/spike.

Thank you for the response, guys. Iā€™m not alone in finding it unusually spiky at the moment, right?

My NZD/USD trade is still alive, but itā€™s a good thing I donā€™t check in on the chart too often during the day when I have an end of day trade open, as looking at it now it might not have been good for my nerves!

ST

I have reduced my position 50% :slight_smile: 157 pip profit

the other 50% will be a free ride since SL is at B/E :slight_smile:

So now itā€™s the last trading session for Asia before ā€œthe big summitā€ So where does Asia go? Does it trade for half the night then close all positions going into the weekend. Does it stay flat completely or does it take a gamble ? I donā€™t see these guys taking too much of a gamble.

So is flat the order of the session?