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EURUSD only

  • #36,701
  • Aug 23, 2018 3:45pm Aug 23, 2018 3:45pm
new trader here. joined and invested a couple of days ago and lost half of it already. i was good in a demo and almost double it in just 3 weeks. now that i thought i can do it in real account.. it turned oppossite. anyone here can guide me?
Only an idiot knows with certainty to where the market is going.
  • #36,702
  • Aug 23, 2018 4:12pm Aug 23, 2018 4:12pm
Quoting MrBullBear
new trader here. joined and invested a couple of days ago and lost half of it already. i was good in a demo and almost double it in just 3 weeks. now that i thought i can do it in real account.. it turned oppossite. anyone here can guide me?
You've been learning Forex for three weeks? That's nowhere near enough time to start using real money. I'd say minimum of 2 years. Go straight back to demo.

With respect, you're not disciplined enough either. You can have a great strategy but, to blow so much money, your positions are far too large in size. Never risk more than 1% of capital when starting out (I'm also starting out and only risk 0.3%ish).

Get a sound strategy, 3 months of profitability, then start to use real money.

Actually, don't think this is the thread to ask for advice. These guys just concentrate on the trading and charts. Look at the general forum to start finding your own groove. Read lots and put something together, over time, that works for you. And, don't follow any BS strategies or EA's (although always worth looking at them for ideas only!).
  • #36,703
  • Aug 23, 2018 5:03pm Aug 23, 2018 5:03pm
Quoting Coreg2004
day after day, night after night same ol' same ol'..... {image}
Hi. Can you share what indicators are on your chart ? Are they mt4?
Can you give a download link please, thank you!
  • #36,704
  • Aug 23, 2018 5:15pm Aug 23, 2018 5:15pm
Quoting plymgary
{quote} You've been learning Forex for three weeks? That's nowhere near enough time to start using real money. I'd say minimum of 2 years. Go straight back to demo. With respect, you're not disciplined enough either. You can have a great strategy but, to blow so much money, your positions are far too large in size. Never risk more than 1% of capital when starting out (I'm also starting out and only risk 0.3%ish). Get a sound strategy, 3 months of profitability, then start to use real money. Actually, don't think this is the thread to ask for advice....
I read Babypips for almost 6months. thats how i learned and started demo. thanks for the advice.. i appreciate it. blue ink to your profit!
Only an idiot knows with certainty to where the market is going.
  • #36,705
  • Aug 23, 2018 5:33pm Aug 23, 2018 5:33pm
Food for thought
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  • #36,706
  • Aug 23, 2018 5:57pm Aug 23, 2018 5:57pm
Quoting MrBullBear
new trader here. joined and invested a couple of days ago and lost half of it already. i was good in a demo and almost double it in just 3 weeks. now that i thought i can do it in real account.. it turned oppossite. anyone here can guide me?
where do you trade at
  • #36,707
  • Edited 7:07pm Aug 23, 2018 5:59pm | Edited 7:07pm
For your consideration...

On the 1h we have a H&S with a neckline retest just now....

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On the 4h, we have a reverse h&s and V shaped reversal (could turn out to be cup and handle bullish)

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On the daily, we have a rejection of the downtrend resistance, and a continuation short (maybe)

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it is possible it will break north, however more signs point south in my view. Take longs very carefully. Also it's Friday - may get a false movement.

I closed my shorts overnight as I saw a good profit opportunity, and am out of the market for the moment. Going on holidays later on today, so not sure how much I'll be trading till next Thursday.
  • #36,708
  • Edited 7:40pm Aug 23, 2018 7:06pm | Edited 7:40pm
First Trade Today.. Long EU SL 15 TP Open

EDIT : Close +7Pips
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  • #36,709
  • Aug 23, 2018 7:16pm Aug 23, 2018 7:16pm
Quoting uncleben
{quote} where do you trade at
Forex.com
Only an idiot knows with certainty to where the market is going.
  • #36,710
  • Aug 23, 2018 7:17pm Aug 23, 2018 7:17pm
Attached Image (click to enlarge)
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  • #36,711
  • Edited 8:51pm Aug 23, 2018 7:17pm | Edited 8:51pm
eu h1
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yes yes yes
  • #36,712
  • Aug 23, 2018 7:23pm Aug 23, 2018 7:23pm
Quoting ForeignTrade
Hi Ata, thanks for all your info and guidance in this thread. Really appreciated!! I think your by far strongest point in trading is the discipline: If I read how much you're on the sidelines... And only enters when all flags are green. It's "frustrating" When I look at the charts, I think but, but, but look, LOOK, NOW! Only to see later that most of the time you were right in your entry point. That's something I lack from time to time, and hence are in trades which are more luck than wisdom. So wanted to say, if we can learn your system,...
enter an eu trade only when she [ THE EURUSD CHART ] is smiling
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not when she [ THE EURUSD CHART ] is angry and doing chip chop
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  • #36,713
  • Aug 23, 2018 7:40pm Aug 23, 2018 7:40pm
Quoting meugampong
First Trade Today.. Long EU SL 15 TP Open {image}
I would probably tighten that stop up right now ,,
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  • #36,714
  • Aug 23, 2018 7:46pm Aug 23, 2018 7:46pm
Quoting digger1
{quote} I would probably tighten that stop up right now ,, {image}
u right.. asia season no much hope..close with +7 .. my wheather forecast said today its a rainy day.. waterfalls for EU.
  • #36,715
  • Aug 23, 2018 7:53pm Aug 23, 2018 7:53pm
Hello All. Shrt @ 1546,,sl..20pips..tp @s1...
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Zip
  • #36,716
  • Aug 23, 2018 7:56pm Aug 23, 2018 7:56pm
It may have other ideas lol, gotta love trading
  • #36,717
  • Aug 23, 2018 8:00pm Aug 23, 2018 8:00pm
Quoting digger1
It may have other ideas lol, gotta love trading
ha! yessir..i think the aud is influencing this some
Zip
  • #36,718
  • Aug 23, 2018 8:03pm Aug 23, 2018 8:03pm
Quoting Piptaker64
{quote} ha! yessir..i think the aud is influencing this some
maybe EG lol

https://id.tradingview.com/chart/EURGBP/ru1iZeDt/
  • #36,719
  • Aug 23, 2018 8:06pm Aug 23, 2018 8:06pm
Quoting Piptaker64
{quote} ha! yessir..i think the aud is influencing this some
probably not as much as this, may take another crack at it , may not either
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  • #36,720
  • Aug 23, 2018 8:12pm Aug 23, 2018 8:12pm
Quoting MrBullBear
new trader here. joined and invested a couple of days ago and lost half of it already. i was good in a demo and almost double it in just 3 weeks. now that i thought i can do it in real account.. it turned oppossite. anyone here can guide me?
Welcome to trading! You did not tell what went wrong so hard to give accurate assessment, but I suspect you are trading too large for your account size, or, your emotions kicked in because it's real money. Reduce your size, trade very, very small live account. If you continue to lose, your strategy may not be profitable.

Did you ever have 50% draw down in back testing?
Ecclesiastes 1:9
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