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EURUSD only

  • #103,341
  • Mar 8, 2020 9:36pm Mar 8, 2020 9:36pm
Quoting VuLe
I just watch the craziest hit ever... wtff in 1 min it took off....
In one minute I lost 50% of my entire account that had not ever experience more than 10% drawdown.
To make matters worse I trade with little leverage so my account would have survived the spike, had my broker not close the trade.
  • #103,342
  • Mar 8, 2020 9:39pm Mar 8, 2020 9:39pm
Quoting AmmaBoss
{quote} In one minute I lost 50% of my entire account that had not ever experience more than 10% drawdown. To make matters worse I trade with little leverage so my account would have survived the spike, had my broker not close the trade.
I re-enter sell at 1.1457 for 2 lots.... Sl manually... this is crazy.... you need to have sl or watch the market... I try to get out asap but the jump was too much... ended up -55pip... but it was mini lots though.
Trade what you see, take what the market gives you.
  • #103,343
  • Mar 8, 2020 9:47pm Mar 8, 2020 9:47pm
3x Sell: 1.14340, SL: 20Pips TP1: 20 PIP (save poin) , TP 2: 40 PIP (save poin) TP: 300 PIP
Attached Image (click to enlarge)
Click to Enlarge Name: 9-3-2020.png Size: 30 KB
There is no perfect system
  • #103,344
  • Mar 8, 2020 9:56pm Mar 8, 2020 9:56pm
Quoting Ata-Turkoglu
S/R Levels for Next Week Touch to one of my previous Dashed-BLUE trendlines has happened.. Next week I first expect a retest and maybe a bounce down from 1.1363!!! If 1.1363 can't resist then next resistance would be 1.1485.. If bounce does happen I would have probably already shorted this and my target would be the mid section of mofu candle: 1.1145/55 area! Once/if we arrive there I would look to buy again (as long as weekly candles close above GREEN line the trend is bullish! I hope it helps.. Enjoy your weekends folks.. Stay Green {image}...
I put a pending sell order just in case at 1.1485.. and boom here we are at 1.1400.. Closed manually with +85 pips.. What a lovely way to start the week.. Hopefully I will be back after London for further analysis.. Don't expect a quick bounce.. bears will stall bulls

Stay Green
Focus only on what truly matters!
  • #103,345
  • Mar 8, 2020 9:57pm Mar 8, 2020 9:57pm
Quoting Compound
3x Sell: 1.14340, SL: 20Pips TP1: 20 PIP (save poin) , TP 2: 40 PIP (save poin) TP: 300 PIP {image}
2 save points have been touched, just dig deeper. if wrong, no risk
There is no perfect system
  • #103,346
  • Mar 8, 2020 10:32pm Mar 8, 2020 10:32pm
Quoting AmmaBoss
{quote} In one minute I lost 50% of my entire account that had not ever experience more than 10% drawdown. To make matters worse I trade with little leverage so my account would have survived the spike, had my broker not close the trade.
Why did your broker close the trade? You should ask them since your account would have been able to absorb it.
  • #103,347
  • Mar 8, 2020 11:25pm Mar 8, 2020 11:25pm
Don't forget to adjust your trading hours.. London opening time might have shifted on your broker.. Be aware

Stay Green
Focus only on what truly matters!
  • #103,348
  • Mar 8, 2020 11:32pm Mar 8, 2020 11:32pm
H4 Status Update

I am on sidelines.. I will rinse and repeat buying dips whenever price touches my Dashed-RED TL.. For now 1.1333 is nearest support area.. If that doesn't hold there is still a chance for a bounce at 1.1276.. My intraday bias is still bullish..

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H4-Status-Update.png Size: 22 KB
Focus only on what truly matters!
  • #103,349
  • Mar 8, 2020 11:34pm Mar 8, 2020 11:34pm
Quoting procmail
{quote} Why did your broker close the trade? You should ask them since your account would have been able to absorb it.
Sounds like a margin call. 50% of balance lost automatically closes the orders.
Motivation comes from within
  • #103,350
  • Mar 8, 2020 11:39pm Mar 8, 2020 11:39pm
H1 Status Update

While H1 candles close above 1.1389 don't even think of re-selling.. that opportunity is gone! We should continue to look for buy opportunities..

*3 hours and 15 min. until London opening!

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H1-Status-Update.png Size: 23 KB
Focus only on what truly matters!
  • #103,351
  • Mar 9, 2020 12:32am Mar 9, 2020 12:32am
Quoting Ata-Turkoglu
Swap, Commissions and such.. I never understood why people are bothered about swap so much.. You have negative swap and positive swap.. Over a long course those both equalize itself because some days you keep your longs and some days you keep your shorts.. Swap can(should) never be seen as profit or loss.. It should be ignored.. The real deal could be commission or spread.. but even those shouldn't bother a successful trader.. The problem and complaints occur only if a trader is not that successful and figuratively speaking: lives on bread crumbs.....

Some people have been buying EU since 1.15 and it fell all the way to 1.07xx. They kept adding. And had swaps eat up balance (though they had a big one). Some people believe EU is going back to 1.25 and as such they keep buying all drops. I know such people. Those one worry about swaps. Being 10-20 lots long isn't funny when holding for several months. Today some of those 1.15 and lower buyers just got into profit, swaps having eaten it all.
  • #103,352
  • Mar 9, 2020 12:38am Mar 9, 2020 12:38am
Those who know this pair will know that once common logic says "it should go higher" this bitch will do everything possible..everything in her power not to go up.. Buyers will collect.. collect...collect while price stalls.. Then when everybody is convinced it finally will go up it will confuse the sh@t out of everybody and drop even further... My opinion is based on a true story

Stay Green
Focus only on what truly matters!
  • #103,353
  • Mar 9, 2020 12:40am Mar 9, 2020 12:40am
Quoting VuLe
{quote} I explained it already. Whether you see it or not. You cant trade it until it officially opens. But yes I do see the gaps or market starts to move 2 hr in advance(market still moves even when it closes. Dont get me wrong). And I believe they were saying you can see it as well on xe.com (I dont use that, but I think thats what he meant). US usually have gaps every now and then that could have major effect on those who keep their position open over the weekend. Like those who were in short since friday is now dead probably, and for thise who...
No, best way is not, not leaving trades open over the weekend, the best way is proper position sizing? Why would even a 300 pip gap blow anybody's account?

Well, I have a testimony: I had both buys and sells on Friday as shown on the chart I shared. I don't know how my broker closed the sell and left the buys. I woke up to huge profit. This has never happened to me before. I think good things are coming to me. Lol..

Quoting Ata-Turkoglu
Those who know this pair will know that once common logic says "it should go higher" this bitch will do everything possible..everything in her power not to go up.. Buyers will collect.. collect...collect while price stalls.. Then when everybody is convinced it finally will go up it will confuse the sh@t out of everybody and drop even further... My opinion is based on a true story Stay Green
Hahahaha... surviving EU is a miracle. I can relate. Lol
  • #103,354
  • Mar 9, 2020 1:05am Mar 9, 2020 1:05am
Quoting Ata-Turkoglu
Those who know this pair will know that once common logic says "it should go higher" this bitch will do everything possible..everything in her power not to go up.. Buyers will collect.. collect...collect while price stalls.. Then when everybody is convinced it finally will go up it will confuse the sh@t out of everybody and drop even further... My opinion is based on a true story Stay Green
Oh yes bro..
I can relate to this..

EU is a beast but wears sheep clothing
  • #103,355
  • Mar 9, 2020 1:05am Mar 9, 2020 1:05am
Quoting Ata-Turkoglu
Those who know this pair will know that once common logic says "it should go higher" this bitch will do everything possible..everything in her power not to go up.. Buyers will collect.. collect...collect while price stalls.. Then when everybody is convinced it finally will go up it will confuse the sh@t out of everybody and drop even further... My opinion is based on a true story Stay Green
That what big banks doing in the market. This what IG Client Sentiment said . https://www.dailyfx.com/sentiment

EURUSD 65% traders are short while the big banks taken it long.
Attached Image (click to enlarge)
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  • #103,356
  • Edited 1:29am Mar 9, 2020 1:19am | Edited 1:29am
Quoting JayBag
{quote} Oh yes bro.. I can relate to this.. EU is a beast but wears sheep clothing
Often you will hear gurus saying: It is impossible to manipulate the forex market bacause the liquidity is huge and every attempt to manipulate it would be a drop in the ocean.. Well... EURUSD proved a lot of times that banks love to create storms in big oceans.. EURUSD is the most traded pair? Well you can guess why banks are in love with this pair..

Manipulation happens right now in the global news.. Please stay awake! If you look at SARS or MERS fatality rates compared to 2019-nCoV you will see those were much more dangerous. NOW pay attention.. why is this virus suddenly so much more mentioned in US and Euro zone news? I tell you: because Europe and US are currently weakening China! That's all what this is about. Got it?

Anyways.. right after London opening we better go back to posting around EURUSD.. Until then feel free to shoot conspiracy theories

Stay Green
Attached Image
Focus only on what truly matters!
  • #103,357
  • Mar 9, 2020 1:26am Mar 9, 2020 1:26am
Quoting Ata-Turkoglu
{quote} Often you will hear gurus saying: It is impossible to manipulate the forex market bacause the liquidity is huge and every attempt to manipulate it would be a drop in the ocean.. Well... EURUSD proved a lot of times that banks love to create storms in big oceans.. EURUSD is the most traded pair? Well you can guess why banks are in love with this pair.. Stay Green
What are you thinking Ata? That this move up maybe a fake one to drop to much much more lower levels?
  • #103,358
  • Mar 9, 2020 1:34am Mar 9, 2020 1:34am
Quoting Maroc-Ismail
{quote} What are you thinking Ata? That this move up maybe a fake one to drop to much much more lower levels?
Not yet... maybe after 6 months.. For now price is above 1.1200 and that is good for Euro to test the upper band of monthly channel: 1.1800 area.. No rush!

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-Monthly-Status.png Size: 34 KB
Focus only on what truly matters!
  • #103,359
  • Mar 9, 2020 1:34am Mar 9, 2020 1:34am
Quoting Maroc-Ismail
{quote} What are you thinking Ata? That this move up maybe a fake one to drop to much much more lower levels?
As per COT report its possible its a fake rise to flush out shorts.
Asset managers are very long, maybe this move is like a "changing hand" move, like giving away the bag full of crap to others.

We'll know very soon
COT: The precious data ignored
  • #103,360
  • Mar 9, 2020 1:38am Mar 9, 2020 1:38am
Quoting Ata-Turkoglu
{quote} Often you will hear gurus saying: It is impossible to manipulate the forex market bacause the liquidity is huge and every attempt to manipulate it would be a drop in the ocean.. Well... EURUSD proved a lot of times that banks love to create storms in big oceans.. EURUSD is the most traded pair? Well you can guess why banks are in love with this pair.. Manipulation happens right now in the global news.. Please stay awake! If you look at SARS or MERS fatality rates compared to 2019-nCoV you will see those were much more dangerous. NOW pay...
The only reason we're even talking about this topic is because of market conditions. If you don't understand how currencies work at times like this, DON'T trade at all!
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