Linzaroo's Transition From eToro To Darwinex

Folks, what we are witnessing is truly unprecedented. I have never seen seen currencies behave in this manner. Right now, people should be buying up USD but, they're NOT! I entered five trades at the beginning of the week that should have EASILY taken profit but, only one did, short AUDNZD.

Every single trade that we are engaged in is most definitely due to reverse. I cannot promise when or where BUT, what I can promise you is that I will hold out until it does! I promise ALL of you that I will not close any of these trades fearing a loss. I know full well that eventually people's stop losses are going to be triggered and price will make a new trend. REALLY freaky that everything is going against us all at once but, hell...I've factored that in too.

So sorry for this massive drawdown on this Corona BS but, I promise you I will NOT cut tail and run. I will stay with my strategy and ride the storm! xxx

I'm down 31% at present ....... Let's hope they sort this Corona virus out soon

In last few days I lost 30% of my capital (eToro + DX) and looking at NASDAQ, when todays stock market opens, I am afraid it will go to total hell. I am starting believe that this episode will have a very bitter ending...
On the other hand my wife told me she is pregnant, so that made it up

Congratulations, at least someone is doing something right

Folks, this last week, was the absolute WORST week I have ever experienced. Worst month and worst ever drawdown as well, as a consequence! How every single varied currency pair could have gone against us all at the same time is beyond inexplicable! Hopefully we have suffered the worst of this pathetic fear sell off because we certainly cannot withstand another week like this last one. Nothing is following it's proper correlation at the moment with this lingering fear hanging about. The technicals are even more so in our favour now, a week later... however, is the panic gone? It's impossible to know
After the markets closed last week and after we had already taken a beating, the Chinese released their Manufacturing PMI data a few hours later on Saturday and sadly, it was worse than even the PMI releases during the GFC in and around 2008! At that time China was only 4% of the world economy...now it's about 20%!
This doesn't necessarily mean that we are going to get hammered again at opening bell but, it is certainly going to have to monitored closely. You see, SO much of AUD and NZD's economies are driven by China's ability to thrive as China buys most of their exports. Also, with China being such a large consumer of energy and the real OR perceived reduction in world energy consumption due to this virus could possibly continue to hurt Oil. That matters to us because of the fact that oil is such a driver of CAD, NOK and to some extent, MXN...three currencies we want to strengthen not weaken.
I am completely baffled at what has occurred and if we can get out of this mess, I am certainly going to have to have a second look at the mechanics of Sine Wave methodology. It won't serve us well if it works perfectly for several years only to fold in instances like this!
I will definitely keep everyone informed as to what actions I will be taking. Fingers crossed for tomorrow folks... it's gotta be bloody time for things to start going our way!
P.S... Juraj, CONGRATULATIONS mate! Hopefully we can keep the good news coming for you my friend! xxx

Folks, we are going to start the day off already trying to claw our way back into profit EVERY single position we are engaged in, except for our short GBPTRY trade, opened the day gapping considerably against us. We have about 45 minutes before most brokers open, including Darwinex. Quite often and most usually under normal circumstances, price will recover quickly from the gap. Let's hope so. We cannot afford to have this to go much further against us. xxx

If any of you ever want to get a sneak peak an hour ahead of time as to where a particular market is going to open you can use IG markets. Here's the link and just change the last part, for example in this instance usd-chf, to whatever else you wish to check for. https://www.ig.com/au/forex/markets-forex/usd-chf

WHEW! OK folks, I know that was a bad hit BUT, it wasn't quite as bad as I was expecting considering how badly we were gapping out of favour. Once the outrageous spreads correct themselves for the day and the gaps have the opportunity to close, I feel that we could have some considerable recovery xxx

Hi Linda,
And if not? "The Market Can Remain Irrational Longer Than You Can Remain Solvent" I think (correct me if I am wrong) all of this is happening because of the Corona and its side effects. And there is high probability the spreading only started cause new infected countries occur every day.

So maybe the situation will be getting worse every day and we shouldnt be stubborn... I dont know, it is just loudly thinking.

BTW. thanks for your wish.

Sorry Juraj, if you would have asked me a couple of weeks ago, I would have said it was impossible to keep going down. That would have been a direct draw from my experience over several years as to how positive swap currencies tend to behave. After last week though, after having gone down so much so fast, I am left a bit more humble in how we deal with things from here.
I personally will not close trades at this juncture. Not out of stubbornness but, out of calculation. Everything is oversold or bought in our favour. This selloff is NOT genuine market activity... it's fear, pure and simple. Also, it isn't even calculated fear. It's a mix of technical as well as fundamental measures that have caused this sustained drop. The technicals will sort themselves out and fundamental fear should soon subside. I cannot in good conscience close these trades at this point in time having you fine folks lose money unnecessarily when everything is pointing to recovery. If I see another drop coming like last week, I will have to reconsider my stance but, I will not tuck tail and run at the first sign of adversity.
My strategy, at this point, will need a bit of scrutiny now but, I will not jump ship prematurely xxx

To bring clarity to my last post, I beg to question... Why is USD not currently the ONLY safe haven currency? Why is EUR going up while GBP is going down? AUD and NZD shouldn't keep aimlessly going down. China is FAR from making up their entire respective economies. Fear may make energy drop initially BUT, ultimately, we all need it and it is indeed a finite resource. CAD, NOK and MXN should recover sooner rather than later xxx

I for one am here infinitely, if my stake drops to zero, so be it. .... Though i can't envisage that ever happening

We certainly won't get to zero Chiang. I will not allow that my friend. The only way to fight out of this is with capital. I am preparing a statement for you all at this very moment xxx

Folks, I hate to say this but, I think that we are nearing time to end this bleeding. If something doesn't drastically change soon I will be forced to close this basket of trades at a considerable loss. My sincere apologies people. This market is ruled by fear at the moment and ONLY trending strategies are viable. I would have a much better chance at recouping our losses by implementing such. I will not go anywhere regarding this Darwin until my quote price is back to at least 117 again or until no one else is invested in it, whichever comes first. What I plan on doing, if indeed I do close, is divide what I have left in Darwinex between two accounts, this one HGF and a new one that will take about six weeks before a Darwin can be established. I will be trading the exact same way in both but, I want all of you to remain in HGF until I get back up to 117 quote. That way none of you will have to pay any performance fees. I completely understand if any of you decide to pull your funds out completely, considering the dismal performance Sine Wave exhibited during this Coronavirus debacle. I am strictly doing this for you because I am so ashamed of how things have eventuated. What I will also do is write a document detailing every aspect of this simple strategy so you can all perhaps utilise it yourself in your own trading. I can assure you if you implement this easy to follow strategy, which can be traded on ANY timeframe, any of you could soon be out performing any PI on eToro or Darwin on Darwinex. I will give you complete details as when to enter, when to exit and all the resources you need to perform proper money management. Plus, I will always be at your disposal if you have any questions whatsoever. Again, if trading is NOT your cup of tea, I promise, I'm not going anywhere and if you would rather just copy me, I will provide means for you all to do so.
Now, as I said, I am NOT 100% certain that I am going to close these trades just yet. It is a concern to me though that this IS still Sine Wave and that strategy is characterised by constant back and forth! We are getting all of that we can stomach but, as the Chinese crash continues, we are not getting enough upward movement in our favour to feasibly see a quick solution to our demise. We can always make a comeback but, only if we have enough capital to fight another day. If I do indeed close these trades it will likely NOT be until after I see what momentum the London opening brings. In addition, if I do close them, I will NOT open any further trades until all of you have the opportunity to remove your funds if you so wish. I will not open any new positions before the start of next week. No matter what, I am going to share the trend strategy with you all via message as soon as possible. I will give you the details first then a complete document over the weekend.
I WILL fight my way out this mess gentleman, watch and see! NOT by revenge trading either but, by tactical manoeuvre xxx

https://www.macrobusiness.com.au/202...-euro-problem/

Somehow darwinex close my trade on HGF this morning, (im on 2x leverage and DD is 40%) i have no idea why its closed (maybe because of leverage) but wish u have sucessful trading in the future

Sorry for your loss Badgeek. I'll be back my friend. xxx

Alright folks, I saw enough! Oil keeps tumbling and CHF, JPY and EUR keep gaining. NOT good for us. As I said, I will refrain from trading any more until either next week OR until I get a message from all of you remaining whether you wish to stay or not. That way everyone has the chance to remove their funds. So sorry but, I WILL get back on top of things. Those staying please make mention of it here xxx

@ Linzaroo

You write that it will certainly not go to zero, that it was impossible to go down, blame the market and while this you add add add and hope and hope and hope some more.

Losses and draw downs are part of trading but what you did here is plain and simple amateurish and very bad trading.

I'm not going anywhere ..... Personally I wouldn't have closed any losing trade, I would have preferred to have gone to zero than to have let the market win