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  • #12,141
  • Feb 7, 2018 10:07am Feb 7, 2018 10:07am
Quoting mbrown
this entire area is bargain zone. The best OFFER is at 2260! 2220 to 2260 is the price you buy and hold for 6 to 12 months! WITH MINIMAL DRAWDOWN!
What is minimal drawdown? 300 pips? This could keep going down the entire month of February without even blinking. Still wouldn't change anything but it could take your account during that time.
  • #12,142
  • Feb 7, 2018 10:10am Feb 7, 2018 10:10am
Quoting Redpips111
I need advice... im holding a long from .2389... should i take my losses or hold?

Welcome to trading my friend,

you need tighter stop loses,

if it's going to bounce it could be around here or not

tough place to be in IMHO
  • #12,143
  • Feb 7, 2018 10:14am Feb 7, 2018 10:14am
Quoting Dingoman-two
{quote} Welcome to trading my friend, you need tighter stop loses, if it's going to bounce it could be around here or not tough place to be in IMHO
Indeed... i think im going to hold a bit longer.. my soul hasnt died yet
  • #12,144
  • Feb 7, 2018 10:15am Feb 7, 2018 10:15am
Dingoman. that is how I lost all USD 930k my equity on Jan 24. Still hurt till today
  • #12,145
  • Feb 7, 2018 10:18am Feb 7, 2018 10:18am
Quoting Stillearnin
{quote} What is minimal drawdown? 300 pips? This could keep going down the entire month of February without even blinking. Still wouldn't change anything but it could take your account during that time.
Work on your tone or ignore my messages, if you genuinely want info' and not to piss me off, ask without the BS!

Sorry. My normal SL is 15. The offer (2260) is 30 SL. Any long above 2260 increase SL on a pip by pip basis. If you decide to wait for 2220 reduce SL on a pip by pip basis.
  • #12,146
  • Feb 7, 2018 10:22am Feb 7, 2018 10:22am
Quoting greengp
hell of movement what went wrong
I was frustrated by the choppy range so opened demo and went crazy with Buy limit orders against all MAs.... I guess the MT4 spy module thought they were real and the broker moved the market to take them... still two orders to take so more down move expected!!

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-02-07 at 16.16.52.png Size: 77 KB
  • #12,149
  • Feb 7, 2018 10:30am Feb 7, 2018 10:30am
Quoting Dingoman-two
{quote} looking very bearish to me, especially if it closes below 1.2300 area Screenshot 2018-02-07 23.54.35.png {image}
Indeed - looked very bearish to me when I added into shorts on the stop run off the Head and Shoulders at the beginning of Feb...and as I often type - I'm a very patient man..

..and I feel no need to validate myself by closing a trade when its up about 20 pips - I full intend to scoop a basket of shorts out that in total will amount to a double digit returns in Q1 alone
  • #12,150
  • Feb 7, 2018 10:32am Feb 7, 2018 10:32am
Quoting okshop
BULL are still in their comfort ZoNe. {image}
WOW that was fast. new house to play with
Attached Image
Self discipline It is a practice
  • #12,151
  • Feb 7, 2018 10:34am Feb 7, 2018 10:34am
Quoting HockMan
Dingoman. that is how I lost all USD 930k my equity on Jan 24. Still hurt till today

Hockman,

Been there done that. it cost me $150.000 AUD over 15 years,

Been doing all right over the last few years,but keep missing out on the bigger moves,Dame oscillators/and all other indicators,
they seem to give a lot of false readings,

But i have learnt, trying price action at the moment and have removed all temptation from my Pepperstone account,
and sent home $12,000 ,and now only trading with less than $300 AUD @ 0.01 Per trade until i learn as much as i can about price action,and i will become a proficient trader before sending anymore money into my account.

Cheers Brian Dingoman-two
  • #12,152
  • Feb 7, 2018 10:38am Feb 7, 2018 10:38am
Dingoman. I lost that much in 7 months. Anyway, trying to let go but it is hard. All the best to all of u
  • #12,153
  • Feb 7, 2018 10:38am Feb 7, 2018 10:38am
Quoting Redpips111
I need advice... im homding a long from .2389... should i take my losses or hold?
Respectfully if you need to ask that question you may be better not committing any real money to speculating in currencies just yet.

Go to demo and master your craft - otherwise you are just p*****g your money away and markets have no sympathy
  • #12,154
  • Feb 7, 2018 10:40am Feb 7, 2018 10:40am
us stock is not that great for this fast movement
  • #12,155
  • Feb 7, 2018 10:42am Feb 7, 2018 10:42am
Quoting okshop
{quote} WOW that was fast. new house to play with {image}
Yeah, its right into the guts of a major demand zone now - if its gonna bounce it'll be around here
  • #12,156
  • Feb 7, 2018 10:43am Feb 7, 2018 10:43am
Quoting HockMan
Dingoman. I lost that much in 7 months. Anyway, trying to let go but it is hard. All the best to all of u

wow i thought i was unlucky,

Well all done and said i believe you have landed in the right place, if you want to learn to trade,
there are a lot of good people here in this thread that are willing to help, just do your research,
ask questions,

and studie the charts posed be the top rated traders, and you will learn
  • #12,157
  • Feb 7, 2018 10:45am Feb 7, 2018 10:45am
2260!

Plus we also have an insight into tomorrow's game play but too early to call.
  • #12,158
  • Feb 7, 2018 10:48am Feb 7, 2018 10:48am
Quoting Chiazor
Hi guys. Do you guys think EU will break the 1.23 level or bounce back. M15 TF shows a double bottom.
nobody knows
Trouble lies in what we believe to know for sure that just ain't so.
  • #12,159
  • Feb 7, 2018 10:52am Feb 7, 2018 10:52am
Quoting Chiazor
Hi guys. Do you guys think EU will break the 1.23 level or bounce back. M15 TF shows a double bottom.

The double bottom that you are seeing has no support at all so i cannot see it holding,

But then again i have been wrong before.
  • #12,160
  • Feb 7, 2018 11:00am Feb 7, 2018 11:00am
Quoting FXClarity
{quote} Indeed - looked very bearish to me when I added into shorts on the stop run off the Head and Shoulders at the beginning of Feb...and as I often type - I'm a very patient man.. ..and I feel no need to validate myself by closing a trade when its up about 20 pips - I full intend to scoop a basket of shorts out that in total will amount to a double digit returns in Q1 alone

How do you hold up with the commissions and the swaps when holding on for so long,

that's something i am always worried about.

Cheers
Brian Dingoman-two
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