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Attachments: The Swamp
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The Swamp

Quoting Boulder
{quote} you like play with those monsters? for me.. Eur/Nzd and Gbp/nzd.. have too wide swings...and fast moving.. are you more profitable trading those than EU?..... I traded a few times before... chicken out.... .
yes, but i dont use 2:1 RR for these pairs..more like 10:1...2:1 would just leave me losing money i think. and i use 4hr/daily..never below --lower to confirm entry time though
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Quoting Venomousssss
{quote} yes, but i dont use 2:1 RR for these pairs..more like 10:1...2:1 would just leave me losing money i think. and i use 4hr/daily..never below --lower to confirm entry time though {image}

it may want 1.8560 though
Quoting Venomousssss
{quote} yes, but i dont use 2:1 RR for these pairs..more like 10:1...2:1 would just leave me losing money i think. and i use 4hr/daily..never below --lower to confirm entry time though {image}
The reason i asked is because I played once..,I tell you one of my amateur experience.. I had shorted EU for days, on 8/24/2015 , that EU had a short squeeze, it went up 230 pips, I lost a lot of money, I closed my trade right away, used what I had left, immediately put all in Eur/NZD longs.... Eur/NZD got short squeeze too, I cashed out 1400 pips gain within a minute... you see, Eur/NZD got short squeezed that day for + 1900 pip...unreal.. that is the last time I played that monster...because
later I found out in my chat room, one big trader who is well known and respected in US, he lost a lot of money on that short squeeze.. because he was out of office, could not act quickly enough with his phone....actually I can say this trader's name: Blake Morrow..he told us all about that incident....
Quoting Boulder
{quote} The reason i asked is because I played once..,I tell you one of my amateur experience.. I had been shorted EU for days, on 8/21/2015 , that EU had a short squeeze, it went up 230 pips, I lost a lot of money, I closed my trade right away, use what I had left, immediately put all in Eur/NZD longs.... Eur/NZD got short squeeze too, I cashed out 1400 pips gain within a minute... you see, Eur/NZD got short squeezed that day for + 1900 pip...unreal.. that is the last time I played that monster...because later I found out in my chat room, one big...
no stop loss or what? am i misunderstanding?
Quoting Venomousssss
{quote} no stop loss or what? am i misunderstanding?
he is a pro.. he just placed a trade with his phone.. not even a min, that thing got short squeeze +1000 pips ... he immediately covered ..but lost a lot within seconds..,,,,,so.. just be careful...
not like EU. you have time to act.. max pain 200 pips....but that one can be in thousand.... so always make sure to have stops in,,
oh, i use limit/stop orders only with stops in place when setting the order. stop is at 1.8656. close to it now actually
nzd hitting some R right now though
...Quotes today...
#1 funny one for me:
Money talks… but all mine ever says is good-bye. ~Anon

#2 lesson for me.
"A trader should have no opinion. The stronger your opinion, the harder it is to get out of a losing position." - Paul Rotter
stopped one that one..trying one more with stop below the low..only because NZD touching 7260 R could help me..small risk..no worries.
I didn't pay attention...got a long trigger..not a good spot...
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Quoting Angelina
{quote} I really dont feel good at this moment ! Lets see how today closes first then find the way to get out ! Could touch 2048 then drop back to 2001 I should hold my long at 1955 huhu {image}
Updating my positions
I will try to close the first 2 then keep the 2045
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My contribution.
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why is everyone shorting the euro the last few days? seems bullish
Quoting Venomousssss
why is everyone shorting the euro the last few days? seems bullish
one good reason:..last two days... Euro hit daily supply zone.. 2021-2092 ,, good opportunity for good returns......
i guess going back towards 1.2046 again...
When life gives you lemons, make lemonade
closed all my USDCAD and waiting to buy lower towards 1.2490
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When life gives you lemons, make lemonade
ea just opened 2nd long at the same spot 2037... ...current positions
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close both..+42 pips ..good enough .. since.,bought too high,,
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Got 30+
Lets see some retrace then more UP
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A good trader follows his rules, but great trader knows when to break them
Quoting Boulder
close both..+42 pips ..good enough .. since.,bought too high,, {image}
U don't need to scratch your lot size, Just Hide the size column
A good trader follows his rules, but great trader knows when to break them
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