EURUSD

closed 1135
Seems there is no fuel in the motor

what about support on 97 on weekly ? or the range scenario 95-100 range ?

Up move is running out. Adding more sell positions.

Where do you put your SL for all your short positions?

What rule says you must use a stop loss?

Note: I probably won't get a response from this guy because he has me on ignore.

Eur crossed heavy daily channel up.I only say if it cross 1.12900 up weekly down trend of one year will be broken.

Very good question and that is why it is very difficult to short currently.
THE ONLY SL possible at the moment is 1255 Then only for swing position

Who says you must have a stop loss?

There are strategies to trade successfully without using a stop loss.

Do you think Warren Buffet uses a stop loss?

There will surely be gaps on the way first, even if it happened. Maybe a drop below 95 or 90 would be lethal, without corrections. Its not possible to hold anyway, due to the negative swaps, so need to take it one step at a time.

At 1.1600.

I don't think he wants to hear that. It likely goes against all his RR rules.

Don't be shocked if you get a snide remark.

Stop loss is for newbie traders, who are fooled into it by "analysts" who failed as traders and are paid minimum wage by banks to fool people. Professionals use money management instead. People naively think a hard SL will save them in case of a black swan, but that is not true...the movement during such an event is so quick and liquidity on the counter trades so low, that even if a SL was set, the trade might close hundreds or even a thousand pips below the SL, where actually someone steps in and "buys" the trade. Then the pair mostly corrects by 50% or more and thats when a pro trader would close...with a much smaller loss than with a hard SL. Thats just one example, of course.

You are right. Apologies.
There is many way to trade and not one.
for my part as I am not Waren , then I use SL.

That's right!

If I use a stop loss, it is usually a candle body close stop loss, which I have as a rule in an EA I use for breakout trading. I don't know if anyone else has a stop loss like this. It goes against everything newbies are taught. But it works and is far more efficient than a typical stop loss. And that's what counts.

But I generally don't use a stop loss.

Yep. I close bad trades manually, I just wait for a correction and close, no regrets.

Imagine that you exatly know where? AT WHAT LEVEL, the trend will change.
If you take a long trade, you will set your SL under the line where the trend will change.
In this case, SL is not for newbie but quite the opposite.

Guys, need your "help"! Also, EPIC opportunity for all of us... If you can contribute your best TP20SL20 eurusd trades (or WTI, GOLD within the same price percentage difference for example), please post it so that we can GROUP trade into one epic SERIES... Remember we only need 10 trades (n=10) at for example TP20, SL20, 500:1 max positons enteres, 10 times in a row... Which would equal in multiplication factor of x1000. Meaning 100USD deposit, 100k USD out (at n=10; assuming 100%/trade which is at about TP22 500:1 max) and at n=12, that would mean, 250USD deposit, 1mio out, basically we can get 1million each, if just 4 of us would contribute his/hers BEST (or "most certain" trades/signals) n=3 trades or 12 of us, ONE each.

I used to have TP20SL20 thread for this, now I have CHEETAH where it is for GOLD and WTI, but EURUSD signals do not "hurt" to jump-start or boost it since eurusd still offers the best spread, leverage and overall trading conditions...

So you are MOST WELCOME to contribute...

Just last week I have proven privately that n=10 signals ARE possible, in a row... just happened last week... but not at that leverage (at least not all of them) but was proven in retrospect that entries were GOOD for n=10 at 500:1 max. I have even published (equivalent) of n=3.3 trades (basically all n=5 entries would go through at 500:1, check it out).

So please guys, contribute your BEST trades, that you are most certain in and the max estimated LEV you think it would go through (meaning within what SL do you think certain TP would be hit) and we can ALL win BIG!

More in the CHEETAH thread... and/or my TE in the signature, as an example... More in making, but I won't just publish for no reason, I want that we each GROUP best trades in EPIC win, 1mio each, basically...

BTW, n=10 in a row, IS POSSIBLE, at 500:1 max, TP22, SL20... It was possible just last week! It was proven in live TE n=3.3 (equivalent; made x10 on the deposit last week, in 2 days) in REAL and n=5 as 5 100%+/trade potentials... In fact, all 5 entries had much higher potential than 100%/trade... Please read the thread or at least this post, check links or calculate yourself... I even had the poll where quite many said they could do a lot of TP20SL20 in a row, in a year, so where are you? Are you millionaire/billionaire already and/or do not want to contribute? This is an epic opportunity, have been waiting for quite some time for market conditions like this... Seems like "low hanging fruit" atm... DO IT!
Or regret it later. Otherwise will just post TE in retrospect, if all goes well, how I did 1000USD->1mio (in n=10) or 250USD->1mio (in n=12) and you will spend the rest of your life regretting the missed opportunity... But you still have time... BTW remember the BTC, early ones? You can "buy" this for peanuts and sell for million(s)... but maybe not for long... GO DO IT NOW...

You never know at what level a trend will change, in advance, and many breakouts are false breakouts. I always enter a trade with a plan, so I know what would make it wrong and where I would exit if it didn't go in my direction, I don't need a hard SL for that...I just watch, observe and exit when the time is the best for it, either in profit or in loss. But the size of losses is very limited this way.

And that is the best way to trade in my opinion.

I am certain you are a consistently profitable trader.

It really all comes down to how big your account is and how conservative you are with your usage of leverage.

If you nervously put up a trade and have your eyes glued to the screen as if your life depended on it, then it's likely you aren't managing your money correctly.

I can literally go hundreds of pips underwater and still not get a margin call. However, like you, I also have boundaries. There comes a point when you have to admit it's not working and get out.