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The Swamp

  • #52,261
  • Feb 21, 2020 6:34am Feb 21, 2020 6:34am
Hello guys.
I started trading forex about 3 months ago.
I lost about 60% of my capital within the first month.
As at now, I have been able to bounce back to over 300% in profit.
However, I'm still not satisfy with my knowledge and profitability.
Please I need a mentor. I need someone with adequate experience who is willing to give back to someone his/her knowledge and guide me through into greater profit and I promise to do the same for another person.
  • #52,262
  • Feb 21, 2020 6:59am Feb 21, 2020 6:59am
Quoting gatorinla
lower lc.. eu short 1.0801 may yield some $ later. when it attempts to test the 0777 ish area, or lower later.
week 0841, day 0787.. the ones to beat. I figured it would test 0777ish or lower in the next 3 hours. missed atm by 5 pips. with 3 hours to go, eu may still do a LL. Bulls take 0841 or go home. Since the day was lower, I still think 0777 or less, is viable.
those who can, do. those who cant, talk about those who can
  • #52,263
  • Feb 21, 2020 7:00am Feb 21, 2020 7:00am
Quoting claudiusp
Hello guys. I started trading forex about 3 months ago. I lost about 60% of my capital within the first month. As at now, I have been able to bounce back to over 300% in profit. However, I'm still not satisfy with my knowledge and profitability. Please I need a mentor. I need someone with adequate experience who is willing to give back to someone his/her knowledge and guide me through into greater profit and I promise to do the same for another person.
Perhaps you should start by not trading such a big amount that you could swing from -60% to +300%.

Then maybe you can go study some basics by buying books or attending a class of some sort.

I understand your enthusiasm, but it is highly unlikely that anyone will bother. Most people aren't profitable themselves, and those that are probably won't be interested to teach you from scratch. They might give you answers to your questions, but nobody is going to write up a course from a-z for your benefit.
  • #52,264
  • Feb 21, 2020 7:11am Feb 21, 2020 7:11am
The thing is yesterday was an outside day, so if the next day (means today) the daily candle is able to break either high or low of yesterday's candle it is called a trap. Yesterday's high was 0819 (acc. to my broker), today it has reached till 0817. So the % of LL and of Bull trap is increased but if it breaks the high of yesterday then this all situation is void. Moreover if a high is broken of an outside day then it means there are Bulls who are interested in continuation of the trend and same is true for vice versa (BEARS). And market is still giving respect to the channel on 4H. Right now it's useless to play this until further confirmation. I am myself on sideline.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 46 KB
The mind is not a book to be opened at will and examined at leisure
  • #52,265
  • Feb 21, 2020 7:15am Feb 21, 2020 7:15am
USDX is still respecting 18 Day MA. (orange line). Until it closes below it BULLS are playing ball.
Attached Image (click to enlarge)
Click to Enlarge Name: UsDollarH4.png Size: 63 KB
The mind is not a book to be opened at will and examined at leisure
  • #52,266
  • Feb 21, 2020 8:33am Feb 21, 2020 8:33am
shorted Eur 0810 here.. also long swiss here 9813..9811 lets see.....part of refills...
  • #52,267
  • Feb 21, 2020 8:38am Feb 21, 2020 8:38am
Quoting DMA Trader
{quote} long 800 again
tp hit +10
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #52,268
  • Feb 21, 2020 8:38am Feb 21, 2020 8:38am
Quoting claudiusp
Hello guys. I started trading forex about 3 months ago. I lost about 60% of my capital within the first month. As at now, I have been able to bounce back to over 300% in profit. However, I'm still not satisfy with my knowledge and profitability. Please I need a mentor. I need someone with adequate experience who is willing to give back to someone his/her knowledge and guide me through into greater profit and I promise to do the same for another person.

too much leverage. play with the money you have. close margin and you will be profitable
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #52,269
  • Feb 21, 2020 8:44am Feb 21, 2020 8:44am
Quoting Boulder
shorted Eur 0810 here.. also long swiss here 9813..9811 lets see.....part of refills...
H4 downtrend stop for Eur 0811.. lets see bears can hold at H4 close 3 hourss 20 mins to go... the same applies to swiss H4 uptrend stop at 9813... to see swiss bulls can hold
  • #52,270
  • Feb 21, 2020 8:45am Feb 21, 2020 8:45am
Open the flood gates
I play the trade gamble to feed my Porsche addiction.
  • #52,271
  • Feb 21, 2020 8:46am Feb 21, 2020 8:46am
Quoting DMA Trader
{quote} too much leverage. play with the money you have. close margin and you will be profitable

short 824
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #52,272
  • Feb 21, 2020 8:47am Feb 21, 2020 8:47am
Quoting Isvara
The thing is yesterday was an outside day, so if the next day (means today) the daily candle is able to break either high or low of yesterday's candle it is called a trap. Yesterday's high was 0819 (acc. to my broker), today it has reached till 0817. So the % of LL and of Bull trap is increased but if it breaks the high of yesterday then this all situation is void. Moreover if a high is broken of an outside day then it means there are Bulls who are interested in continuation of the trend and same is true for vice versa (BEARS). And market is still...
VOID. Now only 4H TF is left. If it closes above yesterdays high then it was a BEAR TRAP.
The mind is not a book to be opened at will and examined at leisure
  • #52,273
  • Feb 21, 2020 8:48am Feb 21, 2020 8:48am
Quoting gatorinla
{quote} week 0841, day 0787.. the ones to beat. I figured it would test 0777ish or lower in the next 3 hours. missed atm by 5 pips. with 3 hours to go, eu may still do a LL. Bulls take 0841 or go home. Since the day was lower, I still think 0777 or less, is viable.
Bulls look like they will try 0841
those who can, do. those who cant, talk about those who can
  • #52,274
  • Feb 21, 2020 8:50am Feb 21, 2020 8:50am
Quoting DMA Trader
{quote} short 824
i think we can see 900 or at list 874
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #52,275
  • Feb 21, 2020 8:56am Feb 21, 2020 8:56am
If it can't hold 1.0841, bears may jump in. possible bull trap.. still time left on the clock.. Selling the rise.. it could still drop -0787, before 1.5 h from now.... but atm its looking bullish..
those who can, do. those who cant, talk about those who can
  • #52,276
  • Feb 21, 2020 9:00am Feb 21, 2020 9:00am
Added some heavy swiss longs to my core for the pullback above 98
I play the trade gamble to feed my Porsche addiction.
  • #52,277
  • Feb 21, 2020 9:07am Feb 21, 2020 9:07am
Quoting messi80
Could be wrong here but i got a signal to buy at 1.07855 first TP is 1.08481 2nd is 1.08707 SL is 1.07501.
TP1 hit +63, Have a good weekend!
Motivation comes from within
  • #52,278
  • Feb 21, 2020 9:16am Feb 21, 2020 9:16am
Closed my uchf long this week...because I started to see a scary PA and strong topping. I will look into longs here:

Attached Image (click to enlarge)
Click to Enlarge Name: UCHF.png Size: 158 KB
Everyone can see the chart, but only a few can actually read it.
  • #52,279
  • Feb 21, 2020 9:21am Feb 21, 2020 9:21am
say hello to 1.0895 possibly more. Bulls mad hungry.
  • #52,280
  • Feb 21, 2020 9:33am Feb 21, 2020 9:33am
closing aud long on BE
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
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