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  • #1,160,781
  • Oct 17, 2019 11:30am Oct 17, 2019 11:30am
an update of the above is overdue. This is the same daily channel setup I've posted last Sunday.
There's likely more upside as per daily price chart. 1180-1200 price will likely max out
and reverse back to 1000 (also is the lower boundary of the cloud on daily).

I don't recommend shorting this, as price still is in bull mode and not showing any signs of weakness yet.
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  • #1,160,782
  • Oct 17, 2019 11:35am Oct 17, 2019 11:35am
Quoting TommyRac
If they will finish the week around these levels that we have now (or higher) I might switching my scalping from buy to sell, but that’s unknown for now. And that’s from Monday. cheers
Good idea, Tommy. But for now I think EURUSD really wants to hit 1200.
  • #1,160,783
  • Oct 17, 2019 11:37am Oct 17, 2019 11:37am
Quoting TommyRac
If they will finish the week around these levels that we have now (or higher) I might switching my scalping from buy to sell, but that’s unknown for now. And that’s from Monday. cheers
if you were following some of my posts, I've posted this bit on EU options a few times already.
active range is 0950-1250 next 4-8 weeks. That's where 90% of all EU options are stacked.

So an extension of this move until 1200 makes a lot of sense to me.
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  • #1,160,784
  • Oct 17, 2019 12:13pm Oct 17, 2019 12:13pm
Just thinking, if there is any reversal on EU to go bellow level 1.087 from where we are now, i would expect EU to retrace to level 1.108 Today. Otherwise, i would expect it to go higher. Will EU make 50 pips move until the end of the session ? Will see...
-._.-
  • #1,160,785
  • Oct 17, 2019 12:41pm Oct 17, 2019 12:41pm
Quoting darksize
Just thinking, if there is any reversal on EU to go bellow level 1.087 from where we are now, i would expect EU to retrace to level 1.108 Today. Otherwise, i would expect it to go higher. Will EU make 50 pips move until the end of the session ? Will see...
EU won't go down today. It will (might) max out for the week soon though, say near 1140-1160 and then sell off on Friday into weekend.

Noone will want to hold into weekend, due to the Brexit vote uncertainty (due on Saturday in UK Parliament).
  • #1,160,786
  • Oct 17, 2019 8:03pm Oct 17, 2019 8:03pm
Quoting paogeh
{quote} Today as london session , eu spike to 1.1140 Acc got a call from margin call With above fundanmemtal, eu still manage to rise. I lose. Im out of the game . Today loss = usd72k {image}
Trade in a way to trade another day.
Playing the game with no stops is like mountain climbing with no safety harness. It doesn’t matter how high you climb if you make one mistake, lose your grip, and fall to your demise.

I just hope for your sake it was a demo account.
Otherwise you need to slap yourself upside the head for starting an account out with so much money.
$500-$2000 is a good amount to start with. If you can build it from that, the big numbers will eventually come.
  • #1,160,787
  • Oct 17, 2019 8:15pm Oct 17, 2019 8:15pm
I think once the 200ema catches up to the 50ema we'll see a pop up and looking at the 5yr chart were pretty close to the trending downwards trend line-just my opinion
  • #1,160,788
  • Oct 17, 2019 8:28pm Oct 17, 2019 8:28pm
Quoting paogeh
{quote} Today as london session , eu spike to 1.1140 Acc got a call from margin call With above fundanmemtal, eu still manage to rise. I lose. Im out of the game . Today loss = usd72k {image}
are you choosing random amounts to trade with or are you using risk managment in any sense??
  • #1,160,789
  • Oct 17, 2019 8:55pm Oct 17, 2019 8:55pm
expecting strong wave of profit taking today into the Brexit vote in UK Parliament on Saturday.
Best setup though is in GBPUSD - wait for TL break and short it.

https://www.tradingview.com/chart/GB...AK-150-POINTS/
  • #1,160,790
  • Oct 17, 2019 9:45pm Oct 17, 2019 9:45pm
Quoting EvilEye
{quote} Trade in a way to trade another day. Playing the game with no stops is like mountain climbing with no safety harness. It doesn’t matter how high you climb if you make one mistake, lose your grip, and fall to your demise. I just hope for your sake it was a demo account. Otherwise you need to slap yourself upside the head for starting an account out with so much money. $500-$2000 is a good amount to start with. If you can build it from that, the big numbers will eventually come.
I think from that image his deposit was 5k and most of the money is profit. Must be a good trader who didn't take heed to take a loss when he was wrong and move on to the next trade instead of averaging in.
  • #1,160,791
  • Oct 17, 2019 9:56pm Oct 17, 2019 9:56pm
Quoting Mitiblotch
{quote} I think from that image his deposit was 5k and most of the money is profit. Must be a good trader who didn't take heed to take a loss when he was wrong and move on to the next trade instead of averaging in.
damn so 5k>72k>5K imagine the taxes and the incrimental loses jesus...
  • #1,160,792
  • Oct 17, 2019 11:06pm Oct 17, 2019 11:06pm
Good setups come once a week on just about every pair. You just have to wait for them
  • #1,160,793
  • Oct 18, 2019 12:53am Oct 18, 2019 12:53am
Market has no players right now. Everyone seems to have taken profit on the move up or been stopped out. To the market, take profits and stop losses are one and the same thing =
Can’t see anyone wanting to play right before these Brexit talks on the weekend.
  • #1,160,794
  • Oct 18, 2019 1:10am Oct 18, 2019 1:10am
Quoting Mitiblotch
{quote} I think from that image his deposit was 5k and most of the money is profit. Must be a good trader who didn't take heed to take a loss when he was wrong and move on to the next trade instead of averaging in.

long story ,
here how it';s go ,

1Sep , started using USD2K .
using "ALL-IN" strategy , no SL , add fund when trade is bad to hold the line .
In Sep, added fund till USD13K .
Make profit of ~USD30K in Sep .

Come to Oct , Short EU , and EU start to bounce back .
Continue to add more fund , but was limited by credit card USD5K per day .
I can only use 1 CC , as other CC was blocked due to bank policy of no forex trading rules.

Margin call that day , i have more funds coming in but was limired by USD5K .....
to late ......
MC happen at 1.1114 till 1.1129 .......
too late .....
all in all , own capital 13k + 19k = usd32k


The strategy i used , is extremely profitable + highly risky .
My main mistake , dun have enough fund to sustain in Thursday .

USD72K , i can buy a 700SF condo with cash at my place.
  • #1,160,795
  • Oct 18, 2019 1:16am Oct 18, 2019 1:16am
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yes yes yes
  • #1,160,796
  • Oct 18, 2019 2:27am Oct 18, 2019 2:27am
Quoting paogeh
{quote} The strategy i used , is extremely profitable + highly risky .
In other words, unsustainable gambling.
It’s not like stocks where you buy and hold.
you may as well have gone to a casino and thrown it all on black at the roulette table.
  • #1,160,797
  • Oct 18, 2019 2:42am Oct 18, 2019 2:42am
Quoting EvilEye
{quote} In other words, unsustainable gambling. It’s not like stocks where you buy and hold. you may as well have gone to a casino and thrown it all on black at the roulette table.
I think so. I told the guy days ago....

Quoting swd
{quote} I don't know your financial situation, but one big fat stop hunting spike and your account could be gone. Good luck man. It can go either way at this point.
He ignored. No hedging, nothing. Now bust.
  • #1,160,798
  • Oct 18, 2019 2:58am Oct 18, 2019 2:58am
plan for the day EU/GU (buy stop // sell stop). One or the other likely to trigger today.
tight stop loss.
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  • #1,160,799
  • Oct 18, 2019 3:13am Oct 18, 2019 3:13am
could be a dead day today. keeping expectations low.
  • #1,160,800
  • Oct 18, 2019 3:14am Oct 18, 2019 3:14am
EUR/USD's 1St Close Above Daily Cloud Since July: Very Bullish

 

  1. EUR/USD's recovery from the 2019 1.0879 low accelerated on Thursday
  2. It finished up 53 pips, according to prices on the EBS
  3. Bulls managed to register a daily close above cloud top now at 1.1111
  4. That was the first daily close back above the daily cloud since mid July
  5. These are very bullish developments: the 200-DMA at 1.1210 now unmasked

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