"Your Habits Will Determine Your Future"
- #103,025
- Mar 3, 2020 1:24pm Mar 3, 2020 1:24pm
- Joined Jun 2018 | Status: An ordinary brother | 4,595 Posts
{quote} Hi Guys, What can I say? Eu looking extremely bullish. My open trades 2700 pips and running. My yearly pivot at 1.1224. A concise break above this area could send this pair into a bullish run. My long term descending trend line at 1.11623 ish also broken and a daily close above should be good for bulls. Today is tuesday and tomorrow could see another push up with reversal thursday, seeing some retrace. Nothing cast in stone and I play it as it is. Trade safe, Cheers. {image}
- #103,027
- Mar 3, 2020 2:33pm Mar 3, 2020 2:33pm
- | Joined Nov 2019 | Status: Trader | 2,763 Posts
LOCK IN RE-ENTER
- #103,028
- Mar 3, 2020 4:06pm Mar 3, 2020 4:06pm
- Joined Sep 2017 | Status: Trader | 4,360 Posts
{quote} Ha-ha-ha! 2700 pips! This is inhuman, Wave! Never will understand why trade with 0,03 lots. Yeah, I know your answer, but still wondering. You knows better. Keep doing, millman!
It probably has a lot to do with my state of mind. I used to trade dollar lots and always found that I was too quick in exiting my winners. I knew I could let my winners run but the fear of winners turning into losers always got the better of me, very stressful days. One day I came across a trader by the name of NanningBob. He was very particular in trading small lot sizes in relation to your account size. Stress free trading and taking informed and timed decisions. When I open a small trade I sleep peacefully, because if it turns against me it will hardly make a dent on my account. When I get it right and the trade turns in my direction I patiently wait for new entry signals. I have no fear of losing and I am in the right state of mind. This also leads to me making better and more informed decisions as time goes by. Of course if I had a 100 000 dollar account I could probably increase my lot sizes and trade the same stress free method, unfortunately I don't and I am in the process of growing my account. I will probably look at increasing my lot sizes in due course in relation to my account size.
Hope this makes sense.
All The best
Leon
Trade to trade another day
- #103,029
- Mar 3, 2020 4:18pm Mar 3, 2020 4:18pm
- Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,233 Posts
Risk comes from not knowing what to do
- #103,031
- Mar 3, 2020 11:08pm Mar 3, 2020 11:08pm
Just a quick warning to everybody that now, after this fantastic rise in EU, is looking for targets high above based on this move. You have to remember that this surge is driven by fundamentals. As Ata mentioned yesterday, there is no good reason for these moves , they don't follow the logic of normally moving markets that progress in waves with drives and pullbacks.
These kinds of fundamental surges leave a sort of gap in the market that is often filled. On a smaller scale, you see this after news when large impulse candles are often filled back afterwards. So just be aware of this, that there is a difference between fundamentally driven markets and normally progressing markets.
So where is price going next? We don't know, but I would be wary of using technical analysis based on a market in fundamental overdrive
.
These kinds of fundamental surges leave a sort of gap in the market that is often filled. On a smaller scale, you see this after news when large impulse candles are often filled back afterwards. So just be aware of this, that there is a difference between fundamentally driven markets and normally progressing markets.
So where is price going next? We don't know, but I would be wary of using technical analysis based on a market in fundamental overdrive
.
- #103,032
- Mar 3, 2020 11:30pm Mar 3, 2020 11:30pm
- Joined May 2011 | Status: Trader | 1,577 Posts
Ecclesiastes 1:9
- #103,033
- Mar 4, 2020 2:00am Mar 4, 2020 2:00am
- Joined Sep 2017 | Status: Trader | 4,360 Posts
Trade to trade another day
- #103,034
- Mar 4, 2020 2:22am Mar 4, 2020 2:22am
- Joined May 2014 | Status: Full Time Trader | 27,131 Posts
Focus only on what truly matters!
{quote} Hello friends... I really hope no one got into sell pos yesterday. It was really nice to be waiting for confirmation in M15 and Cross in M5 ... I think the conditions for Bullish are right now just in short time ... unless the perfect fall conditions are evident in M15. And to get into the Sell Pos a little bit later and wait for M15 to see the conditions and move on with a very good loss and volume with the trend ... I hope we have a good deal today...
Once again we saw no matter what level of support or resistance we had. It was important for the market to move forward. In H1 , we had an uptrend for the past 3 days. We could have about 18 pips in profit.
The H4 still holds the environment up, but it's best not to trade until the conditions are met.
- #103,040
- Mar 4, 2020 3:02am Mar 4, 2020 3:02am
- Joined May 2014 | Status: Full Time Trader | 27,131 Posts
Focus only on what truly matters!