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- 455 Results (7 Threads , 448 Replies )
- viptrading replied Feb 11, 2023
What broker are you using? some brokers will trigger your stop loss early depending on spread. If you contact the broker and send them the screenshots they may refund you for the loss. I've done this before in the past. For the future you should ...
Why was my SL triggered?
- viptrading replied May 30, 2021
It all depends on how you want to utilize the data. If you are looking to build up a large position overtime in the same way that institutions do, then I would argue the best way to do this is to buy low and sell high. You must use extremely low ...
EURUSD
- viptrading replied May 30, 2021
Yes. But by the time you use the data to your advantage it will most likely the coming Monday session and throughout the next week, effectively you are using last trading weeks data. But that is fine, since you can still use it to your advantage.
EURUSD
- viptrading replied May 30, 2021
I am not going to post the screenshot because I am too lazy, but if you look at the USD COT data it is much weaker than the data we have for GOLD both long and short term. Also they have added more shorts recently indicating further weakness. So we ...
EURUSD
- viptrading replied May 30, 2021
Of course, you need to still use TA for entries once you build a bias, and also understand what is going on overall in the markets, but IMO COT can be very useful as an additional tool/filter if used correctly. But you need to understand how to use ...
EURUSD
- viptrading replied May 30, 2021
Here we have GOLD. Similar to SOYBEANS, we have seen that overtime the price has gone up, and asset managers have accumulated more longs than shorts. The difference here though, is that this past week, they have also ADDED more longs, and taken ...
EURUSD
- viptrading replied May 30, 2021
Here we have the most recent COT data for SOYBEANS. We can see that there are much more positions on the LONG side than the SHORT side. You can also see this in the chart. But what is important is to see what happened this past week. We can see that ...
EURUSD
- viptrading replied May 30, 2021
This is true, however COT provides much more information than just this. You can view the information in different ways, and use it different ways, maybe you want to look for tops/bottoms and trade reversals. Maybe you want to look for ...
EURUSD
- viptrading replied May 30, 2021
IMO the most important piece of info to watch with COT data is the positions that they have recently added. ie. added 3000 longs and removed 3000 shorts. Add this along with the long term trend and you will get a better understanding of what is ...
EURUSD
- viptrading replied May 30, 2021
The report is one week late. So the data is delayed, therefore you should look at the most recent data and not the overall position they hold. Those positions asset managers hold were built up overtime, so its silly to think you will get the same ...
EURUSD
- viptrading replied May 21, 2021
Just keep your strategies for yourself man, no point in trying to help people on here, most people come here just to look for holy grails and read drama. The real will figure it out and trade on their own using their own systems.
The brutal truth of day trading
- viptrading replied May 20, 2021
lmao how do you have so much spare time.
The brutal truth of day trading
- viptrading replied May 20, 2021
Here is a secret. Instead of martingale traditionally. Take your max risk, lets say its 10%. Split it up into maybe 2 or 3 parts. Average into your trade. Does not matter if the trade is going in profit or not, just add to it slowly. This is better ...
Martingale or not martingale?
- viptrading replied May 12, 2021
Daily view we can see the price broke out from channel recently but failed to make a rally. It is retracing now and I would not be involved buying or selling atm. The level to watch is 1.2 for potential longs if we see a reaction to that level, it ...
EURUSD
- viptrading replied May 6, 2021
Not really. Sometimes you can see slight differences between brokers but overall it's pretty stable. There are some guys who try to exploit these inefficiencies to make money through arbitrage trading strategies, though I wouldn't recommend going ...
Floating spread makes different chart?
- viptrading replied May 4, 2021
1. Pips is not a good unit of measurement for success in forex trading. Since you can be pip + and lose money and vice versa. The real question you should be asking is what is a good return in % per month, and even that is relative. 2. Focus on not ...
Do you think 200 pips per month is fine?