EURUSD
Today's trade.
Bought first blue bar made in last 30 minutes of pre. Closed at PREs high taking 11 pips.
I'm biased long still but the reaction from pre's high is bad. if 1562 breaks down i might change my bias.
Option clusters:
1575-1600
1565-1550
Trump's talk seems like he is trying to control the fed and cook the books. This is bad for USD.
In an off chance if EUR did sink the week should not go below 1510. So yeah i am leaning on sell the dollar and buy EURUSD.
yes, the only time franky closed above pre it was followed with downward movement. That is why I didn't trade Franky session today, I just sat on my hands. I only traded Pre-franky. Happy weekend
Yes.
You always need a clean 10 Min bar break above or below pre to confirm the move if that doesn't happen move can fade and collapse back inside.
I saw your long trade i would have bought it too for 10 pips break of 1st 5 min pre bar but i was not interested in trading pre that day. You should have atleast held till 10 pips.
Just saying don't get hooked on a bias for the week, trading is about making money not being right. So i could be wrong and anything can happen.
Just saying don't get hooked on a bias for the week, trading is about making money not being right. So i could be wrong and anything can happen.
Yes, you're right, anything can happen. I always try to clear my mind of any bias and be open to anything so i can trade objectively.✔
Today's trade.
It was news day with services pmi, they have a tendency to violently spike the edges. So i was thinking of going short
i sold in pre hoping spike would happen till 1615 but being aware that blue bars in last 30 minutes of pre can make the price rise i got stopped out there. I gave that trade enough leeway but that still got my stop.
I went short around 41-42 as i saw that climax bar happen. Closed the trade for nearly 10 pips plus on 50 standard lots.
Netted me 3600 USD.
Today's trade.
It was news day with services pmi, they have a tendency to violently spike the edges. So i was thinking of going short
i sold in pre hoping spike would happen till 1615 but being aware that blue bars in last 30 minutes of pre can make the price rise i got stopped out there. I gave that trade enough leeway but that still got my stop.
I went short around 41-42 as i saw that climax bar happen. Closed the trade for nearly 10 pips plus on 50 standard lots.
Netted me 3600 USD.
I also made a loss on the same short you got stopped out on then i went long during franky and went short during London
I also made a loss on the same short you got stopped out on then i went long during franky and went short during London
Yes, sometimes we just have to take a loss. Good call on flipping to the buy side but i could not understand where you bought it. Please post opening and closing prices both.
But me personally i wanted to sell, so i did that.
A quick observation i want to share:
1. PMI data is very risky, it can spike on either side. So if you are a buyer and your entry is around the highs, always assume that news would push to the lowest point and stop you out.
Just look at how frankfurt and london went all the way to the hourly lows and made a spiky move, go back and check every pmi day.
PS: Try to post both open and closing prices and times.
Amazingly enough it was a bad week for me performance wise. Almost all my first trades failed. I had trades that went in my direction by 5 or 9 pips only to hit my stop loss.
But i am up on the week.
happy weekend, spend it with your family.
Amazingly enough it was a bad week for me performance wise. Almost all my first trades failed. I had trades that went in my direction by 5 or 9 pips only to hit my stop loss.
But i am up on the week.
happy weekend, spend it with your family.
The closing times were not showing in the image, so i am pasting the image again.
I took a long in the frankfurt session.
The reasoning was monday are usually trending and the pre was breaking 5 min highs. it was sitting on my level of 1714 made it support so i stayed long.
I closed out for 12 pips.
I took a long in the frankfurt session.
The reasoning was monday are usually trending and the pre was breaking 5 min highs. it was sitting on my level of 1714 made it support so i stayed long.
I closed out for 12 pips.
I was stopped out for 10 when i tried to short franky. I changed bias and went long on franky and was able to make some profit but i had lowered my lot size so the profit couldn't cover the loss.
I didn't trade well today, it's like something came over me.
I was stopped out for 10 when i tried to short franky. I changed bias and went long on franky and was able to make some profit but i had lowered my lot size so the profit couldn't cover the loss.
I didn't trade well today, it's like something came over me.
The short trade was good, the direction did not work. I can't say anything against your short trade, if i did i would not be a trader.
I didn't trade well today, it's like something came over me.
Being wrong on a trade, doesn't make you a bad trader i hope you know that. Unless you broke your risk rules you did just fine. And as far as lowering lot size is concerned if you had not done that and lost another trade, the loss would be doubled after 2nd trade. So you did well there too.
The truth is nobody knows if trade will work or not, if price will go up or down, today it just did not work for you.
On to the next trade.. If you get it right more then 50% you will make money..
Carry on yoks..
The short trade was good, the direction did not work. I can't say anything against your short trade, if i did i would not be a trader.
I didn't trade well today, it's like something came over me.
Being wrong on a trade, doesn't make you a bad trader i hope you know that. Unless you broke your risk rules you did just fine. And as far as lowering lot size is concerned if you had not done that and lost another trade, the loss would be doubled after 2nd trade. So you did well there too.
The truth is nobody knows if trade will work or not, if price will go up or down, today it just did not work for you.
On to the next trade.. If you get it right more then 50% you will make money..
Carry on yoks..
Thankyou but I am really worried about my brokers execution speed. Most of the trades I lose are because whenever i execute a trade there is always a 5 second delay in execution and it affects me when i am trying to get out of a winning trade sometimes the profit turns into loss because of the delay in execution.
Today i was in two profitable positions and when i tried to close out there was around 5 second delay and they turned into loss. Even when i execute a new trade there will be a delay and when the candle moves the broker will now fill me in at an inferior price.
Thankyou but I am really worried about my brokers execution speed. Most of the trades I lose are because whenever i execute a trade there is always a 5 second delay in execution and it affects me when i am trying to get out of a winning trade sometimes the profit turns into loss because of the delay in execution.
Today i was in two profitable positions and when i tried to close out there was around 5 second delay and they turned into loss. Even when i execute a new trade there will be a delay and when the candle moves the broker will now fill me in at an inferior price.
Which broker is it?
Did you check if it's your internet issue or broker issue?
Which broker is it?
Did you check if it's your internet issue or broker issue?
Trade Nation: it has been recurring, so I don't think it's my internet. It happens mostly on their TradingView platform, their MT4 is faster
Trade Nation: it has been recurring, so I don't think it's my internet. It happens mostly on their TradingView platform, their MT4 is faster
Okay,
I am also using Tradenation, i am not having issue.
Perhaps you should directly use their mt4 platform, it appears that tradingview is adding lag on your orders.
i built a front end in front of the tradenation mt4 and i am highly familiar with what goes on while orders are placed, even a small delay can cause the order to slip and be executed at worse price and tradingview maybe doing that.
5 Seconds could likely be internet or tradingview not otherwise. And if you still face issues then i will contact their support and will get to the bottom of this. I hate Shady brokers.
Solution: USE broker MT4
here is the diagram that shows how orders are executed.
┌─────────────────┐
│ MT4 Client │
│ (Trader) │
└─────────┬───────┘
│
▼
┌─────────────────┐
│ Order Creation │
│ (Buy/Sell/Mod) │
└─────────┬───────┘
│
▼
┌─────────────────┐ ┌──────────────────┐
│ Session Check │───▶│ Re-Authentication │
│ (<30s = OK) │ │ (+500ms delay) │
│ (>30s = Auth) │ └──────────┬───────┘
└─────────┬───────┘ │
│ ◄──────────────────────┘
▼
┌─────────────────┐
│ MT4 Server │
│ (Broker) │
└─────────┬───────┘
│
▼
┌─────────────────┐
│ Execution Mode │
│ • Instant │
│ • On Request │
│ • Market │
└─────────┬───────┘
│
▼
┌─────────────────┐
│ Liquidity Pool │
│ (ECN/MM/VWAP) │
└─────────┬───────┘
│
▼
┌─────────────────┐
│ Order Execute │
│ Fill/Requote │
│ (~1-5ms) │
└─────────┬───────┘
│
▼
┌─────────────────┐
│ Result to Client │
│ Position Update │
└─────────────────┘
Flow: Client → Order → Auth → Server → Execute → Result
Time: ~1-5ms (normal) | +500ms (if session expired)
Good morning please I want your indicator for mt4
I will get back to you.