EURUSD only

Update of Guessing Contest: Closes candidate to win has become: JustPipMe

75 more minutes to go.

Stay Green

Lol.. guessing time ended 2 hours ago. We are only waiting for daily closing to see what the lowest low of the day will be

Stay Green

Give Me a Timeeeeeee .. Nyahahahha

It won't be funny if at closing this thing is dumped to reach Montu or Alonedevil's low.

Im late?1348

Moty - I may not agree with your style but I respect your transparency. You never run or hide or only post your wins. I respect that. I wish you nothing but success in this FX thing we do!

ATA already Close The Contest Bro ..

reminds me of this

Freeze it right there and I’ll send you fellas my paypal info!! Wait, I’m out of the running.... smh

Oh No Moti I feel u I am with you on the same boat.

lets try again next week.
take care

You will recover. It happened to all of us at some point in our trading career. As far as I noticed on your charts maybe you should start considering adding stop losses. Also possibly trying to find a better strategy. Just my opinion. The drawdown strategy not using stop losses on the long run never works, it is a guaranteed failure. Has been tested and proven. But you can do what you want to or you know what is the best strategy for you.

Extremely.. maybe next time

Stay Green

Dollar Ends Week on Stronger Note
21 December 2018, 22:44
By Gunjan Banerji
The U.S. dollar rebounded in the last trading day of the week, following several recent sessions of declines.
The WSJ Dollar Index, which measures the U.S. currency against a basket of 16 others, rose 0.5% on Friday to 90.51.
"We should see a stronger dollar in the first quarter" of 2019, said Van Luu, head of currency and fixed income strategy at Russell Investments. "The market is pricing too few rate increases at the moment."
The Federal Reserve raised rates on Wednesday but signaled a more gradual path of interest rate increases in 2019. Lower interest rates can temper demand for the dollar from yield-seeking investors.
The dollar has soared this year but weakened in recent days amid concerns about economic growth in the U.S. The currency has fallen against its peers for three of the past four sessions.
The euro fell 0.8% to $1.14 against the dollar in recent trading.
Write to Gunjan Banerji at [email protected]

H1 Status Update

Every past touch level is history (grayed out). 1.1371 is potential 1st touch level to Dashed BLUE TL. No buying below that. In contrary planning new sell setups once/if we get there is wiser as long as H1 candles don't close above that level.

*On a side note: Also notice that we just had a new BLUE TL breakout

Stay Green

Aaaaaand the winner is..... JustPipMe Congratulations my friend.. It was an awesome guess just 3 ticks away..

Bravo.. bravo..

I am wishing all of you a peaceful and happy weekend.. Thanks for all your contribution and valuable input for this tiring week.. Rest well and hopefully we will be back here on Monday.. Until then, be blessed folks..

Stay Green

Short entered 1.14707 SL: 1.14885 TP: 1.13800 been waiting a while for this trade. Yay to 90 pips

You are honest. You have transparency. A rare quality that bodes well for you.

There's no shame to be margin call. I lost plenty of accounts. Some I lost the account with just 1 single trade. How bad is that ?
Normal to lose accounts with trading, it's part of the learning process.

Are you willing to learn from your failed trades ?
Are you willing to make necessary changes to not repeat the same failed trades again ?

Tip1 - don't sell spike high when market is rising, don't buy spike low when market is falling.
Tip2 - when market rise, you place buy trades, when market falls you place sell trade. Don't do the opposite.
Tip3 - don't trade if the market has not move, do nothing.
Tip4 - don't "predict" highest high or lowest low.
Tip5 - don't "catch the falling knife" for perfect trade precisely at market turning points.
Tip6 - don't "predict" market bullish or bearish bias, just follow the market.

When market rise or fall that you see on your chart and you can't trade it, this means you have not learned how to trade.
It's a challenge to all traders how to trade when the trader sees the market rise and fall every trading day.
Figure out how to place buy trades when market rise, sell trades when market falls.
Figure out how not to place buy trades when market is falling, how not to place sell trades when market is rising.
Figure out how to not place the wrong buy or sell trades even though you may not know if the market is rising or falling or you read your charts wrongly.
Learn these skills to avoid bad trades that damage your account.

2 most important tip -
1. "predicting" highest high or lowest low has to be avoided at all cost.
2. "predicting" bullish or bearish market is not necessary. In fact, you should not waste time to figure whether it's bullish or bearish. It's ok to get it completely wrong.

Just learn the skill how not to lose money when you are wrong. The simple answer is you have not placed any opposite trades.
Learn how to make money when you are correct. Again the simple answer is you have placed trades in the correct direction.
I know it sounds silly, figure this out.
How you do that is the real trading skill and knowledge.

Hope this helps you and fellow traders.
Cheers

It's my this month return.
Accept criticism and review.

What is a good strategy to put ‘ Stop Loss ‘