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The Swamp

  • #62,021
  • May 1, 2020 3:52pm May 1, 2020 3:52pm
Quoting Boulder
{quote} Beautiful...plan to visit one day... I may pass out on that Husseini bridge... no way I can walk cross that ...
will come one, one day to pass out that grate royal gorge bridge colorado!
This is colorado!

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don't predict direction, but dance with flow of water
  • #62,022
  • May 1, 2020 5:37pm May 1, 2020 5:37pm
EU

Though i am not banking on it reaching there yet. Prefer a short higher up still for new lows
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  • #62,023
  • May 1, 2020 5:55pm May 1, 2020 5:55pm
Armed militia take over Michigan state house. Not shown here.. inside they were armed with AR...Could one imagine this in the Washington DC Capitol. I bet then things would change.
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those who can, do. those who cant, talk about those who can
  • #62,024
  • May 1, 2020 5:56pm May 1, 2020 5:56pm
Quoting gatorinla
sometimes this is bs, and will return to fridays close price b4 sunday in this after hours bs.. if true ecb better start printing.. stronger across the board againt everyone. {image}
THE HOLY GRAIL WORKS

Thanks Again Gator and Boulder For Your Contributing.
Gonna Miss You Both

Still Holding Long Trades

  1. Long 100,000 units At 1:0870
  2. Long 100,000 units At 1:0835


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On The Smaller Time Frame, No Sell Signal Has Appeared Right Up To 5:00 PM New York Close Friday, May 1, 2020.
Eur/Usd Will Continue To Rise Next Week Based On The Tool


This YouTube Video Is Dedicated To All The FF Members Who Doubted The Tool
To All The FF Members Who Called Me A Liar, Con Man And That The The Sell Signal Doesn't Appear On The Opening Of The Candle.
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Next Week You Will All See That The Holy Grail Works.

Gator Thank You For The Encouragement Privately.
Boulder, I Know You Will Manage Your Short Positions Accordingly Next Week.

Cancelled Membership, Accused By FF Member(i'll Be Back) of Being A Con Man
  • #62,025
  • May 1, 2020 10:18pm May 1, 2020 10:18pm
Quoting gatorinla
Armed militia take over Michigan state house. Not shown here.. inside they were armed with AR...Could one imagine this in the Washington DC Capitol. I bet then things would change. https://www.youtube.com/watch?v=Ov20ADFgkh8
...could you imagine what would happen if dozens of AR toting Black Panthers occupied the capitol building of MI....of LA or MS...???
"If The Fool persists in his Folly he will become wise." - William Blake
  • #62,026
  • May 1, 2020 11:21pm May 1, 2020 11:21pm
1.109 on XE
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #62,027
  • May 1, 2020 11:30pm May 1, 2020 11:30pm
Quoting DMA Trader
1.109 on XE
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i think this pair will hit 1.109 soon
  • #62,028
  • May 2, 2020 12:24am May 2, 2020 12:24am
This crisis is like fast forward version of 2008-2009 crisis. Just flash back and see whatever happened then in monthly timeframe has happened and will happen in weekly timeframe in 2020, ie. one month of 2008 is one week or shorter in 2020 crisis.
the QE of 2008 took several months, in this crisis took a few weeks.
there is a possibility that market is done considering risk averse and start to weigh in the inflation effects of the Fed stimulus package for coming weeks.

just look at the December 2008 monthly candle of eu. It can be easily the case for May 2020 monthly candle. I won’t get surprised if it continues next week and see 1.12 by the end of next week.
all in all market behaves the way human behave and it’s not so different patterns in many different market crash scenarios.
  • #62,029
  • May 2, 2020 1:25am May 2, 2020 1:25am
Hello clan!

since markets are closed, I thought I should share a little bit about my experience thus far and hopefully get some input from experienced members on areas of improvement.

I started 3 months ago and with the corona situation, this is the only thing I seem to do during my waking hours. Look at charts, observe movement etc.

I started with $100 promo from FBS. I did trade demo for a bit but this promo money felt more real so I continued even though I did notice the requirement of having to trade 5 lots when you can only have 5 micro lot trades open at a time with this promo made it rather impossible for me to reach the target. Regardless I did manage to double it in about 2 months from start. Screen shot attached.

After this I opened a real account with another broker with $100 and have managed to grow it to $148 over a 3 week period. Screenshot attached.

Now as a beginner, should I take confidence from this? Sometimes I feel I should other times I feel I am reading too much into it.

Over the same 3 month period, I started trading with a certain pattern but over time I have phased that out and moved to pivots, trendlines and correlation as this seems to give me a better direction.

My problems:
- I am still hugely influenced by trade calls made by experienced members. Like today I got in at at 944 and that seemed to be a good entry since price never came back to it but when I saw a short call at 958, I closed for 18 pips thinking I missed something in the charts.

- I seem to prefer counter trend trading since the speed of movement of retrace is faster than the one in the direction of the trend or so it appears to me.

-I find it difficult to sit through the retrace when I am trading in direction of trend.

I have thought of upping the account to $1000 once I manage to double the current $100 account. Do you think this would be a wise move at this stage or should I still consider my performance to be a flook?

I wanted to add more but I am sleepy and the post is already long as is.

Thank you for your helpful input on this and thank you for responding to my questions everytime I have asked about anything.

Cheers
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  • #62,030
  • May 2, 2020 2:35am May 2, 2020 2:35am
My trade plan for next week:

Build shorts preferably above 1007 with SL at 1070, of course the farther the SL, the smaller the lots.
I have 1066 on my chart that should hold bullish PA.

Will micro scalp longs and shorts along the way based on H1/H4 wicks and tails + PA.
Not confident of making big longs as we closed the week below 0986 which is an important WR.
I think it will touch the 1.10+ area though, so micro longs should be okay.
Peace is more valuable than success.
LifeDrifts v1 [automated] All Time Return: -0.1%
  • #62,031
  • May 2, 2020 3:13am May 2, 2020 3:13am
https://www.abc.net.au/news/2020-05-...paign=abc_news
Its all just one persons opinion
  • #62,032
  • May 2, 2020 4:18am May 2, 2020 4:18am
Hahahha. Good video
  • #62,033
  • May 2, 2020 5:10am May 2, 2020 5:10am
Quoting The Fool
{quote}...could you imagine what would happen if dozens of AR toting Black Panthers occupied the capitol building of MI....of LA or MS...???
Hide the children.. Things would be different. Including the federal responce.
those who can, do. those who cant, talk about those who can
  • #62,034
  • May 2, 2020 6:00am May 2, 2020 6:00am
Quoting gatorinla
{quote} it took 13 days to reach 50K. The doubling rate is 13 days now. Next week it should equal Vietnam U.S. deaths. What a waste caused by stupidity. With the opening of states. I suspect the trajectory numbers will rise. In about 2-3 weeks (The doubling time shrink.) {image}
13 day doubling rate is lessening. The U.S. death rate is leveling to under 2k per day. Today deaths are 65,783. Actually good news if you call it that. The doubling rate now is at about 35 days. So in 35 days, approx 65k more deaths are expected (65,783 X 2 =132k). At this current rate. Much better than the 2.5/13 day doubling rate in the past. It may curve down more soon. But the country "opening up", may change the trajectory to higher, in a few weeks. Time will tell. Numbers dont lie.

The gov ordered 100k body bags.
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those who can, do. those who cant, talk about those who can
  • #62,035
  • May 2, 2020 6:10am May 2, 2020 6:10am
Quoting gatorinla
{quote} 13 day doubling rate is lessening. The U.S. death rate is leveling to under 2k per day. Today deaths are 65,783. Actually good news if you call it that. The doubling rate now is at about 35 days. So in 35 days, approx 65k more deaths are expected (65,783 X 2 =132k). At this current rate. Much better than the 2.5/13 day doubling rate in the past. It may curve down more soon. But the country "opening up", may change the trajectory to higher, in a few weeks. Time will tell. Numbers dont lie. The gov ordered 100k body bags. {image}
can you put the link again please? save it to one of my computers and i still have a mess here after isolation
i was looking on google map into Georgia numbers, yesterday they went up above 1000,
also people are not really respecting measures and mask ( i.e. Pence) but others too so downward pressure is slow/weak - but at least we are opening up economies. very important week to see progress.

not opening US looks more problematic than in Europe - or media just shows the protesters in US. here, we got calm not working and watching nflx
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #62,036
  • May 2, 2020 6:13am May 2, 2020 6:13am
Quoting DMA Trader
{quote} can you put the link again please? save it to one of my computers and i still have a mess here after isolation i was looking on google map into Georgia numbers, yesterday they went up above 1000, also people are not really respecting measures and mask ( i.e. Pence) but others too so downward pressure is slow/weak - but at least we are opening up economies. very important week to see progress. not opening US looks more problematic than in Europe - or media just shows the protesters in US. here, we got calm not working and watching...
be careful searching.. the net has pop out a lot of hackers creating corona sights..

https://www.worldometers.info/coronavirus/country/us/

https://gisanddata.maps.arcgis.com/a...23467b48e9ecf6
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those who can, do. those who cant, talk about those who can
  • #62,037
  • May 2, 2020 6:16am May 2, 2020 6:16am
Quoting DMA Trader
{quote} can you put the link again please? save it to one of my computers and i still have a mess here after isolation i was looking on google map into Georgia numbers, yesterday they went up above 1000, also people are not really respecting measures and mask ( i.e. Pence) but others too so downward pressure is slow/weak - but at least we are opening up economies. very important week to see progress. not opening US looks more problematic than in Europe - or media just shows the protesters in US. here, we got calm not working and watching...
the protesters are a small minority with a big mouth. They make the news, focused on the AR, on their side.
those who can, do. those who cant, talk about those who can
  • #62,038
  • May 2, 2020 6:28am May 2, 2020 6:28am
Quoting gatorinla
{quote} the protesters are a small minority with a big mouth. They make the news, focused on the AR, on their side.
thank you, got my attention because of Trump and Elon now looking to be on the same page. don't know what happen
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #62,039
  • May 2, 2020 6:34am May 2, 2020 6:34am
Quoting gatorinla
{quote} be careful searching.. the net has pop out a lot of hackers creating corona sights.. https://www.worldometers.info/coronavirus/country/us/ https://gisanddata.maps.arcgis.com/a...23467b48e9ecf6 {image}
https://news.google.com/covid19/map

i was referring to this one from google.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #62,040
  • May 2, 2020 9:49am May 2, 2020 9:49am
Quoting DMA Trader
1.109 on XE
now
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A good trader follows his rules, but great trader knows when to break them
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Magicmen