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The Strength of USD

  • #61
  • Dec 9, 2017 10:27am Dec 9, 2017 10:27am
*** professional athletes and professional traders ***

Becoming a professional athlete requires us to be skillful in all the basic and advanced techniques ...
To become a professional trader, we only need to be skillful in one trading technique ...

Yet, both need “strong” mental skills to improve and advance in the game ...
Market is not random but unpredictable
  • #62
  • Dec 12, 2017 5:44am Dec 12, 2017 5:44am
Quoting 4for4
Waiting for a downward correction in GBP before buying to 1.3548 as TP ... Will abandon the buy-attempt if 1.3318 or TP is reached first ...
Canceling the attempt as 1.3318 was reached ...
Market is not random but unpredictable
  • #63
  • Dec 12, 2017 7:34am Dec 12, 2017 7:34am
Quoting 4for4
Waiting for an upward correction in EUR before selling to 1.1711 as TP ... Will abandon the attempt if 1.1944 or TP is reached first ...
[Tue, 12-Dec-2017 15:30:31 MT4]
Sell EUR @ 1.17619 —> 1.1815 / 1.1711 ...
Market is not random but unpredictable
  • #64
  • Dec 13, 2017 7:05pm Dec 13, 2017 7:05pm
Quoting 4for4
{quote} [Tue, 12-Dec-2017 15:30:31 MT4] Sell EUR @ 1.17619 —> 1.1815 / 1.1711 ...
Closed on [13-Dec-2017 21:57:34 MT4] = -53.1 pips ...
Market is not random but unpredictable
  • #65
  • Dec 13, 2017 7:34pm Dec 13, 2017 7:34pm
Buy the dip in Euro and cable and your partner will wear Diamonds for Xmas.
The only system that will work is one designed by and for yourself.
  • #66
  • Dec 13, 2017 8:13pm Dec 13, 2017 8:13pm
Quoting bloodpoodle
Buy the dip in Euro and cable and your partner will wear Diamonds for Xmas.
Targeting GBP to 1.3220 ...
Waiting for it to make a break-low of its previous D1 candle with 1.3524 as a cancellation level ...
Market is not random but unpredictable
  • #67
  • Dec 15, 2017 6:52am Dec 15, 2017 6:52am
Quoting 4for4
{quote} Targeting GBP to 1.3220 ... Waiting for it to make a break-low of its previous D1 candle with 1.3524 as a cancellation level ...
[Fri, 15-Dec-2017 14:37:31 MT4]
Sell GBP @ 1.3369 —> 1.3469 / 1.3220 ...
Market is not random but unpredictable
  • #68
  • Dec 20, 2017 8:11pm Dec 20, 2017 8:11pm
Quoting 4for4
{quote} [Fri, 15-Dec-2017 14:37:31 MT4] Sell GBP @ 1.3369 —> 1.3469 / 1.3220 ...
Changed SL:
Sell GBP @ 1.3369 —> 1.3423 / 1.3220 ...
Market is not random but unpredictable
  • #69
  • Dec 21, 2017 10:34pm Dec 21, 2017 10:34pm
Quoting 4for4
{quote} Changed SL: Sell GBP @ 1.3369 —> 1.3423 / 1.3220 ...
Changed TP and SL:
Sell GBP @ 1.3369 —> 1.3390 / 1.3330 ...
Market is not random but unpredictable
  • #70
  • Dec 22, 2017 3:57am Dec 22, 2017 3:57am
Quoting 4for4
{quote} Changed TP and SL: Sell GBP @ 1.3369 —> 1.3390 / 1.3330 ...
Closed on [22-Dec-2017 11:52:29 MT4] = -21 pips ...
Market is not random but unpredictable
  • #71
  • Dec 22, 2017 4:06am Dec 22, 2017 4:06am
Quoting 4for4
{quote} Closed on [22-Dec-2017 11:52:29 MT4] = -21 pips ...
Hello, I have already subscribed this thread! Hope, you’ll recover very soon! By the way, what’s your current trading strategy?
  • #72
  • Dec 22, 2017 5:37am Dec 22, 2017 5:37am
Quoting NeilWagner
{quote} Hello, I have already subscribed this thread! Hope, you’ll recover very soon! By the way, what’s your current trading strategy?
Hi there, Neil ...
I was just using a simple 123 breakout pattern coupled with the 2nd-chance strategy. But as with every other strategy, sometimes it works “beautifully”, sometimes it doesn’t ...
There’s nothing to worry about the losses as it’s not losing yet as of the posted live trades in December, but thanks for your concern though ...
Market is not random but unpredictable
  • #73
  • Dec 26, 2017 9:10am Dec 26, 2017 9:10am
[Tue, 26-Dec-2017 16:59 MT4]
Buy EUR @ 1.18788 —> 1.1815 / 1.1912 ...
Market is not random but unpredictable
  • #74
  • Dec 27, 2017 9:15am Dec 27, 2017 9:15am
Quoting 4for4
[Tue, 26-Dec-2017 16:59 MT4] Buy EUR @ 1.18788 —> 1.1815 / 1.1912 ...
Changed SL:
Buy EUR @ 1.18788 —> 1.1879 / 1.1912 ...
Market is not random but unpredictable
  • #75
  • Dec 28, 2017 1:57am Dec 28, 2017 1:57am
Quoting 4for4
{quote} Changed SL: Buy EUR @ 1.18788 —> 1.1879 / 1.1912 ...
Closed on [28-Dec-2017 06:19 MT4] = +33.2 pips ...
Market is not random but unpredictable
  • #76
  • Dec 31, 2017 9:39pm Dec 31, 2017 9:39pm
Could we see 1.2107? ...
Attached Image (click to enlarge)
Click to Enlarge Name: 4A45A9B6-1995-47AA-BAA5-EFAE2993DB31.jpeg Size: 348 KB
Market is not random but unpredictable
  • #77
  • Dec 31, 2017 9:50pm Dec 31, 2017 9:50pm
Could this market go as high as 1354? ...
Attached Image (click to enlarge)
Click to Enlarge Name: 56780A44-31CB-4A65-8846-07C3168A9739.jpeg Size: 338 KB
Market is not random but unpredictable
  • #78
  • Jan 4, 2018 4:50am Jan 4, 2018 4:50am
Instead of trying to do “buy low, sell high” using limit-orders, try to do “buy lower, sell higher” (against the opened direction) using stop-orders ...
When using a limit-order, we have to first assume a “strong” bottom/top to be used as SL and that SL will always be the first to be attempted when the limit-order is executed ... thus, all losing trades will be executed when using limit-orders, but not necessarily winning trades ...
In contrast, the predefined TP will always be attempted first when a stop-order is executed because the market is already going in that direction ... but, depending on how far the TP is and how strong the momentum is, the TP might or might not be reached on its first attempt ... if not, then the SL will be attempted next ...

So, IMHO, the stop-order is a “safer” approach to opening a position, although the limit-order can give us more profits if SL wasn’t hit first ...
Market is not random but unpredictable
  • #79
  • Jan 4, 2018 6:38am Jan 4, 2018 6:38am
Hi guys, what do you think about the next price move of U.S. Dollar index? From my point of view, if it breaks 88, it could go down very fast..
  • #80
  • Jan 4, 2018 6:40am Jan 4, 2018 6:40am
Quoting 4for4
Could we see 1.2107? ... {image}
[04-Jan-2018 14:36 MT4]
Buy EUR @ 1.20691 —> 1.2000 / 1.2107 ...
Market is not random but unpredictable
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