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  • #1,165,981
  • Apr 7, 2020 9:02pm Apr 7, 2020 9:02pm
Quoting here2there
{quote} And that is what makes grid trading so powerful. You don't have to pick tops and bottoms, but you likely will get in at or near them more often than not. What are the chances if you put limit orders at extremes that price will bounce? What are the chances that if you place scalping stop orders in the direction of the trend that you will collect pips along the way? The chances are high! Grid trading done right is very effective. Unfortunately, US traders are at a disadvantage here, because of FIFO and no hedging rules. If I was free to trade...

time to sell everything against the USD!
  • #1,165,982
  • Apr 7, 2020 9:04pm Apr 7, 2020 9:04pm
Quoting aall77
{quote} This one really struck me and would like to put some clarity on it for a new trader.. if you want to survive long term in this game one of the very basics is divide your max draw down by 3 and trade with the trend enter 1/3 of max draw down up to three or 4 times and add to upon retracement after positive. this will give you an acceptable win ratio and keep emotions in check why would you say this is bad system, unless it just needed to be clarified.. Ive been using for 20+yrs and my father before that ,, and we aint broke lol
The strategy does not work. It may work for short period of time but it is a guaranteed failure. To clarify read what i wrote earlier and you will understand. The strategy doesn't work and it is a guaranteed failure. Actually the strategy that he is using makes no sense at all. It is stupid strategy.
  • #1,165,983
  • Edited 9:40pm Apr 7, 2020 9:06pm | Edited 9:40pm
I'm going to enter long when the PA says it. Holding for not too long maybe 7-8 days. Probably exit when the divergence looks bearish.
  • #1,165,984
  • Apr 7, 2020 9:09pm Apr 7, 2020 9:09pm
Please stay on topic.
  • #1,165,985
  • Apr 7, 2020 9:27pm Apr 7, 2020 9:27pm
Quoting investing101
Please stay on topic.
Learn from your mistakes and march on.
  • #1,165,986
  • Apr 7, 2020 10:02pm Apr 7, 2020 10:02pm
Quoting here2there
{quote} And that is what makes grid trading so powerful. You don't have to pick tops and bottoms, but you likely will get in at or near them more often than not. What are the chances if you put limit orders at extremes that price will bounce? What are the chances that if you place scalping stop orders in the direction of the trend that you will collect pips along the way? The chances are high! Grid trading done right is very effective. Unfortunately, US traders are at a disadvantage here, because of FIFO and no hedging rules. If I was free to trade...

told ya
  • #1,165,987
  • Apr 7, 2020 10:55pm Apr 7, 2020 10:55pm
Quoting Traderchuck
{quote} told ya
What did you tell me?
Learn from your mistakes and march on.
  • #1,165,988
  • Apr 7, 2020 11:03pm Apr 7, 2020 11:03pm
Quoting Traderchuck
{quote} time to sell everything against the USD!
agreed!! round 2 end of this week and all of next.. my opinion of course.. accumulation over past week. smart money scaling in.
  • #1,165,989
  • Apr 7, 2020 11:21pm Apr 7, 2020 11:21pm
don't rule out potantiel berrish 5 wave
break even time
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Cough cough fals break !?!?
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yes yes yes
  • #1,165,990
  • Apr 8, 2020 12:27am Apr 8, 2020 12:27am
H1 looks bullish, M5 trying to turn back to bullish here again
  • #1,165,991
  • Apr 8, 2020 12:28am Apr 8, 2020 12:28am
Quoting Moty
don't rule out potantiel berrish 5 wave break even time{image}{image}Cough cough fals break !?!?{image}
I agree this one can go either way, but I believe this one is about to head up and placed a long. Will be happy with a 100 pips on it but would prefer it to hit R38(1.10474). Could be wrong, good luck, I will see in the morning hopefully do not get stopped out. Playing AU long as well.
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"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,165,992
  • Apr 8, 2020 12:37am Apr 8, 2020 12:37am
Quoting investing101
Please stay on topic.
who is she ?
  • #1,165,993
  • Apr 8, 2020 12:40am Apr 8, 2020 12:40am
i don't feel like trading today - this bugger is busy consolidating
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  • #1,165,994
  • Apr 8, 2020 12:45am Apr 8, 2020 12:45am
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  • #1,165,995
  • Apr 8, 2020 12:56am Apr 8, 2020 12:56am
took long
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yes yes yes
  • #1,165,996
  • Apr 8, 2020 1:04am Apr 8, 2020 1:04am
Quoting OhComeOn
{quote} I agree this one can go either way, but I believe this one is about to head up and placed a long. Will be happy with a 100 pips on it but would prefer it to hit R38(1.10474). Could be wrong, good luck, I will see in the morning hopefully do not get stopped out. Playing AU long as well. {image}
This one was going down. Just didn't give me a good enough entry before slamming it.
Maybe it will come back but it's downhill this week.
  • #1,165,997
  • Apr 8, 2020 1:10am Apr 8, 2020 1:10am
went out to smoke, glad I did put sl
  • #1,165,998
  • Apr 8, 2020 1:12am Apr 8, 2020 1:12am
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yes yes yes
  • #1,165,999
  • Apr 8, 2020 1:13am Apr 8, 2020 1:13am
Quoting Moty
{image}
should be long, just shakeout I guess, waiting for next set up now
  • #1,166,000
  • Apr 8, 2020 1:17am Apr 8, 2020 1:17am
Quoting juhanimi
{quote} should be long, just shakeout I guess, waiting for next set up now
It's designed to look like it should be long.
At the worst part to be long.

I'm hoping for a comeback to shakeout the FOMO short sellers.
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