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Daily Trading Ideas

  • #49,321
  • Feb 21, 2020 8:21pm Feb 21, 2020 8:21pm
weekend..
let look back what happen from past 5 day of trading..
where our mistake n weakness that need to improve..
just for a cup of coffee...
  • #49,322
  • Feb 21, 2020 8:36pm Feb 21, 2020 8:36pm
Quoting Said76sa
GD All, Please stop selling i burn my account with taking short position on gold, I burn my account yesterday after this last high anyway i will be away for one week because i need to take a break of the stress then i will be back hope during after next week the market will be back to act normally
i’m still can’t stop selling mate..
like i said before..
maybe can’t change my bad habits..
but every of my sell trades is with a limit stop in play..
so that how i control my loss..
just for a cup of coffee...
  • #49,323
  • Feb 21, 2020 10:18pm Feb 21, 2020 10:18pm
I am looking to short EURAUD because of weekly chart pattern and it seems its the top of the past price action, please discuss if this is right thing to do or should wait still.
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  • #49,324
  • Feb 21, 2020 10:42pm Feb 21, 2020 10:42pm
Quoting rcbarlow
{quote} Is the large red arrow on your charts a new indicator?
yes that's what is in my research now
  • #49,325
  • Feb 21, 2020 10:56pm Feb 21, 2020 10:56pm
Quoting akim0895
{quote} i’m still can’t stop selling mate.. like i said before.. maybe can’t change my bad habits.. but every of my sell trades is with a limit stop in play.. so that how i control my loss..
GD akim n all...
yes it certainly will not be able to ha ha ... that lives (the spirit) 2 cent method

  • #49,326
  • Feb 21, 2020 11:51pm Feb 21, 2020 11:51pm
i found this..
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just for a cup of coffee...
  • #49,327
  • Feb 22, 2020 12:42am Feb 22, 2020 12:42am
Please discuss
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  • #49,328
  • Feb 22, 2020 1:28am Feb 22, 2020 1:28am
to be very honest markets are in no trade part on most of the pairs, really not able to see how to trade at this moment. will take trades with clear signals, coronovirus is the cause I guess.
  • #49,329
  • Feb 22, 2020 2:47am Feb 22, 2020 2:47am
Quoting akim0895
i found this.. {image}
VERY TRUTH .


Zzzzz
  • #49,330
  • Feb 22, 2020 3:09am Feb 22, 2020 3:09am
Quoting 786FX
I am looking to short EURAUD because of weekly chart pattern and it seems its the top of the past price action, please discuss if this is right thing to do or should wait still. {image}

You know, without pulling the chart up for comparison, this chart reminds me of UJ before it broke up. Aus has a lot of weakness , Yes sure Eur has lots of issues too, they're battling at the bottom... but Eur could break up too. Also, another option is that this pair could break TL and continue range bound. In fact I think that's likely, look like a break down but continue range. Everything is money management.... don't go too hard if it breaks south, it might just as likely bounce back up !
My thoughts
Cheers h
  • #49,331
  • Feb 22, 2020 3:19am Feb 22, 2020 3:19am
Quoting 786FX
I am looking to short EURAUD because of weekly chart pattern and it seems its the top of the past price action, please discuss if this is right thing to do or should wait still.
It depends what you want to trade, looking for entries on a weekly chart is kinda useless if you want just a few pips. On a weekly chart you look for long term direction of the market and on lower timeframe wait for price action and confirmation for a potential reversal. You are correct that structurally EURAUD is on the top and longer term direction is to the downside. Fundamentally though there is no reason for AUD to get strong right now. It´s the weakest currency during uncertainty and they even gave signs for more rate cuts last week.

In longer term though AUD will be the strongest currency in the market and huge reversals will occur. AUDCHF sits at all time low, AUDUSD and AUDCAD at 10 year lows and every other AUD pair at long term highs/lows. There will be multiple thousand pip reversals and in your example EURAUD could go down as far as 1.4 for more then 2000 pips.

Still as I said fundamentals have to improve. They are driving markets right now and it doesnt matter how overextended some movements look, you can´t predict bottoms or tops in this situations. I give you a positive scenario though, let´s say corona virus fears disappear in the next few weeks and RBA doesn´t cut rates on 3rd of March, then we could see reversal.
  • #49,332
  • Feb 22, 2020 4:48am Feb 22, 2020 4:48am
i get some msg from our friends about my trading or call from last week at gold..not follow the trend..
not watch what market up to and lot more..
i give a simple explain...
how to trading against the trend and how to used stop loss..
then..thinks..
just for a cup of coffee...
  • #49,333
  • Feb 22, 2020 4:54am Feb 22, 2020 4:54am
3 week ago..
i start give my free signal or live call for Gu n Gold..
early 2 weeks is great because big bear week..
but last week some get BUST..why?
for me just easy..
sorry to said.
they not used stop loss..
or used stop loss too tight and too early move to BE..
when i start shorting that early 2 week..
lot of traders still long and get bust as usuall..
so where the really problem are?
thinks..
just for a cup of coffee...
  • #49,334
  • Feb 22, 2020 4:59am Feb 22, 2020 4:59am
Quoting akim0895
i get some msg from our friends about my trading or call from last week at gold..not follow the trend.. not watch what market up to and lot more.. i give a simple explain... how to trading against the trend and how to used stop loss.. then..thinks..
i’ll stop update my live call at gold and gu..
will be around n posting like before..
enjoy weekends folks..
just for a cup of coffee...
  • #49,335
  • Feb 22, 2020 5:14am Feb 22, 2020 5:14am
Let’s see how this plays out !!! Who’s with me !!
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  • #49,336
  • Feb 22, 2020 5:16am Feb 22, 2020 5:16am
Just prepared weekly chart for EURJPY as we can see there is a chance of upside rather than downside, please check and discuss.
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  • #49,337
  • Feb 22, 2020 5:30am Feb 22, 2020 5:30am
EURCAD showing sign for shorts, please discuss by the weekly chart.
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  • #49,338
  • Feb 22, 2020 6:44am Feb 22, 2020 6:44am
Quoting akim0895
weekend.. let look back what happen from past 5 day of trading.. where our mistake n weakness that need to improve..
We know there is bear setup at weekly but strong up trend at daily. At H4 we have bear setup around 1590-92 (but failed) and around 1610-12 (get some pips) and the price going up all the way to the current price.
At M15 and M30, there are bear setup repeated again and again...I lost because of my greedy mode on ,hope big bear woke up to get more pips and adding on losing trade, but of course all trade have stop loss (20-30pips, I think is too tight). From this experience, I need to learn when to add more trade like you did (greedy mode ) and when not to.

Bro Akim, Is it more saver to short only when there is bear setup at H4 considering bear setup is at Weekly and daily is still in strong up trend?
  • #49,339
  • Feb 22, 2020 7:57am Feb 22, 2020 7:57am
Quoting traderoo
{quote} We know there is bear setup at weekly but strong up trend at daily. At H4 we have bear setup around 1590-92 (but failed) and around 1610-12 (get some pips) and the price going up all the way to the current price. At M15 and M30, there are bear setup repeated again and again...I lost because of my greedy mode on ,hope big bear woke up to get more pips and adding on losing trade, but of course all trade have stop loss (20-30pips, I think is too tight). From this experience, I need to learn when to add more trade like you did (greedy...
mate..
sometimes..
any retrace or reverse just come from small tF like m15/30
usually happen when all bigger tF show big bullish/bearish sign..
just for a cup of coffee...
  • #49,340
  • Feb 22, 2020 8:38am Feb 22, 2020 8:38am
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