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EURUSD only

Quoting MoHoSK
Hi guys. Can anyone help me please? I have been trading for years and i keep doing the same mistake again and again and again. I never trade with Stop Loss. Im too scared to take a loss and then i end up with blowing one account after another. Would you recommend any Youtube channel, book, or something that would help me to move on. I feel like im stuck in this vicious circle.
Your case looks interesting and sure you need help and did well you've asked here, I made the question for you and here is the answer I got:

Start small. Make a few small trades with a stop loss, and see how it goes. This will help you build confidence and get more comfortable with the idea of taking a loss.

Review your trades. Go over your trades after the fact and analyze what went well and what could have gone better. This will help you identify areas where you could improve.

Don’t make it personal. Remember, taking a loss is not a reflection of your worth as a trader or a person - it’s just part of the game. It doesn’t define you.

Of-course you can get many advices, so it's on you to decide what's best fits you and your personality, so patience is the best approach here!

Also here is a book to read that will help you:
"Trading in the Zone" by Mark Douglas - a classic book on trading psychology and risk management.

I wish you good luck with your journey!
Looking for profitable short term trades ...|
Quoting Mitiblotch
{quote} I am interested in this. How does a doctor need physics to describe medication? I'm a medical professional so I am humbly waiting for your answer.
Ok can see your interest but please do it via pm...

Let's stay focused on "EURUSD" and not get distracted by comments that are off topic.

Thanks and best wishes
Be a seer, not a looker!
Fomc is at some hour from now and now is the time I close for the day, so I will be off trading the release but tomorrow I'll be back in the forum with my thoughts and ideas, remember the crocodile in moments of excessive volatility and just stay away from the button, I have many times regret it in the past pushing it was the most of the times losses I couldn't cover, slippages and spreads that will make you sad only. Have a great rest of the day, good luck!
Looking for profitable short term trades ...|
Quoting MoHoSK
Hi guys. Can anyone help me please? I have been trading for years and i keep doing the same mistake again and again and again. I never trade with Stop Loss. Im too scared to take a loss and then i end up with blowing one account after another. Would you recommend any Youtube channel, book, or something that would help me to move on. I feel like im stuck in this vicious circle.
Me2. Just keep going I guess. 8 years with alot of losses and still going with a strong belief one day my friend.
Fundamental provide Volume, Technical shows Direction
Quoting Js3mwtRc
Fomc is at some hour from now and now is the time I close for the day, so I will be off trading the release but tomorrow I'll be back in the forum with my thoughts and ideas, remember the crocodile in moments of excessive volatility and just stay away from the button, I have many times regret it in the past pushing it was the most of the times losses I couldn't cover, slippages and spreads that will make you sad only. Have a great rest of the day, good luck!
Attached Image
swing All Time Return: 153.9%
Quoting MoHoSK
Hi guys. Can anyone help me please? I have been trading for years and i keep doing the same mistake again and again and again. I never trade with Stop Loss. Im too scared to take a loss and then i end up with blowing one account after another. Would you recommend any Youtube channel, book, or something that would help me to move on. I feel like im stuck in this vicious circle.
How often you switch your trading system?
How big to account size your trades?
Is the money you transfered to broker you need better for real live costs?

Jumping from system to system is mad, lead often to fast loosing money. If this is the fact and the money on account is something that is missed in real life, trading without SL is not far away.

To do

Focus on one system with money you note as loss and trade with SL. Be realistic what can be for you a account growing. Not every trader can turn a account in one day. It is not needed for most of us.

Good luck.
Market is more simple as you think.
I'm checking these two prices now. Whichever is first
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shorting
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Wonderful H1
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"No pain no gain"
FOMC Press Conference

Inserted Video
I think we will reach 1.0877 area tonight... There we can watch resistant reaction... Let's see...
Be a seer, not a looker!
Quoting guaredlein
{image} {image} Maybe everything indicates that the dxy will go down?
as speculated
swing All Time Return: 153.9%
Quoting Ata-Turkoglu
Quick H1 Outlook With current levels in mind, I have 2 scenarios: 1-Bulls must stay above 1.0779 at least to later jump to 1.0837 area. (if data can create momentum, we could even go to 1.0888) 2-Bears must keep price below 1.0779 so they can attack 1.0741 area later. Let's see... {image}

Ata, you are the hero. You are right in the above text that if the data has a momentum then it may reach 1.0888. My target is 1.0890 and yes the data (interest rate is 5.5%) has a very high momentum and I pray to Allah (swt) that Mr Powell will continue to make high momentum to say about dovish dovish tone in terms of several rate cuts in 2024 In sha Allah!!!!

I was waited and sidelines around 10-14 days as I do long term as well.
Quoting Ata-Turkoglu
I think we will reach 1.0877 area tonight... There we can watch resistant reaction... Let's see...
excellent call
Braked for now with 100% fibo expansion (Graph M30)
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"No pain no gain"
The higher the better so I can sell targeting 1.0664.
Join our community of profitable traders @ harmonicprotrader.com/about
Quoting Pipchaser45
{quote} It deppends on how deep you want to scope the functions of the elements of reaction as everything is bound to the process of cause and effect. So not knowing physics you can describe the effects of a medication. But you cannot be totally sure about the whole range of effects and the the whole process leding to the effects becouse a doctor is not educated to scope down to this functions at best learn some fundamental chemistry. This also leeds to the development of Rockafellers oil patent medication industry created 1946 and onward as a doctor...
Thanks for your reply. There are lots of misconceptions in your statement. Chemistry is what you need. And boy, medical schools differ. You don't know the amount of biochemistry we do before graduating.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
LMAO!! I was long at 1.07898 since last night but the trade time went against my rules and exited this morning after first red news with a -2pip loss… if I held the trade to 1.08461 I would’ve BANKED right now
In hindsight, sticking to my rules but then it goes where I projected is still a win.
now quick scalp to 1.0861 and if support holds looking for proof of longs again 1.09066. If it breaks support, retracing to 1.08200 area.
what a day
First they ask WHY you're wasting your time, then they ask HOW you did it!?
Quoting Endoephemera
{quote} Those guys have no manners... they started off without me ...I'm longing small on any retr. This could be the start of s.thing big.
Till the year ends, simply buy dips. Don't be caught off guard selling anything. I have seen this happen many times. So long as Today's low isn't taken out today, buy. Simply buy! Today is Wednesday with triple swaps and people are buying? It simply means more heights.
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https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
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