I will get my head around this, but always can be wrong
It's a pain in the head when your internet service provider went out of service for almost a day. And connection is still unstable and cannot close any of my positions.
For EJ my previous plan is to build position between S78 and S100 and cut all when PA breaks and closes below S100.
For AC my previous plan is to build position between S38 and S78 and cut all when PA breaks and closes below S78.
The reason for commitment in the plan is that these areas are support of higher TFs. If I was able to execute my plan, I should've avoided this large drawdow. Internet connection is out of my control. And yes, I already tried alternatives.
Anyway, drawdown is still tolerable (900 pips or ~$90 for my whole account check TE). This is one of the drawbacks of not having a hard stop loss. The reason for not using a hard stop loss is to avoid spike of price wherein market makers or banks push the price to where retail traders have their stop losses and then push the price back (Short fills Long, Long fills Short orders). That's why PA is very important in Support/Resistance area.
My plan is to close all positions before end of trading session this week.
Green pips to everyone!
PS. I'm currently using demo account
For EJ my previous plan is to build position between S78 and S100 and cut all when PA breaks and closes below S100.
For AC my previous plan is to build position between S38 and S78 and cut all when PA breaks and closes below S78.
The reason for commitment in the plan is that these areas are support of higher TFs. If I was able to execute my plan, I should've avoided this large drawdow. Internet connection is out of my control. And yes, I already tried alternatives.
Anyway, drawdown is still tolerable (900 pips or ~$90 for my whole account check TE). This is one of the drawbacks of not having a hard stop loss. The reason for not using a hard stop loss is to avoid spike of price wherein market makers or banks push the price to where retail traders have their stop losses and then push the price back (Short fills Long, Long fills Short orders). That's why PA is very important in Support/Resistance area.
My plan is to close all positions before end of trading session this week.
Green pips to everyone!
PS. I'm currently using demo account
adapt or be killed
- #543
- Jul 26, 2018 11:33pm Jul 26, 2018 11:33pm
Afternoon traders,
Time to analyse some pairs and gained some pips ahead of London session..
It’s Friday and US GDP today
( Forecast is better then previous )
Trade with care.
Happy trading guys!
Ron.
Time to analyse some pairs and gained some pips ahead of London session..
It’s Friday and US GDP today
( Forecast is better then previous )
Trade with care.
Happy trading guys!
Ron.
- #546
- Jul 27, 2018 12:13am Jul 27, 2018 12:13am
Afternoon traders, Time to analyse some pairs and gained some pips ahead of London session.. It’s Friday and US GDP today ( Forecast is better then previous ) Trade with care. Happy trading guys!
- #551
- Jul 27, 2018 12:32am Jul 27, 2018 12:32am
you guys need to read this https://www.forexfactory.com/showthr...3#post11304673
I have checked deltaone's profile, and found:
Edit: sorry for OFF
- #553
- Jul 27, 2018 12:39am Jul 27, 2018 12:39am
UJ will probably heading up now towards between R38 and R61 for fresh sellers. Price is between 111.680 or 111.800 there about for sellers control.. now current price is in between S61 and S38. Short term resistance at 111.560, TDI in H1 cross over and USD strength is still strong at the current moment. Happy pips to all traders member.. Ron.
and 112.665 ( R38 ). Let’s see how it goes.
{quote} Hello Rijfie, my pivots look different, like slappymove, do you have it right? {image}
adapt or be killed