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The Swamp

  • #64,221
  • May 19, 2020 6:04am May 19, 2020 6:04am
Quoting HockMan
{quote} Watching on sideline. Two months hard work short eu down the river.


i've got the same problem.
when you dont make Money Management you can do 1000% in one month, and in one day to burn it all.

close my biggest trades short, the lowest one was at 0831 for not burn my whole account.
  • #64,222
  • May 19, 2020 6:07am May 19, 2020 6:07am
Quoting DMA Trader
{quote} average 930 short. in the meantime i will play long for breakouts. but at this point 90% i can't just buy into hype for 1.100 profit looking at a chart 930 support now. can be easy touch and i am closing on BE. if it's going rocket up i would say a test of 950 maybe so i will add if this thing get's out of control
The real question here is: is there anything that will make eu drop? If there isn't any, the price will continue to creep up while torturing bulls and bears. The guessing game here is where we think resistance will be. My guess is 0985
  • #64,223
  • May 19, 2020 6:09am May 19, 2020 6:09am
Quoting longshot_nl
possible pennant under construction. shakeout could be here or at e. {image}
Quoting longshot_nl
{quote} dammit forgot why i have 672 sma in my 4h template. its 22.4 week it seems to work though {image}

a retrace is fine after the bat symmetry wise.

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  • #64,224
  • May 19, 2020 6:13am May 19, 2020 6:13am
Quoting gatenio
{quote} i've got the same problem. when you dont make Money Management you can do 1000% in one month, and in one day to burn it all. close my biggest trades short, the lowest one was at 0831 for not burn my whole account.
i tried i think almost everything
i see the temptation with leverage. but i have not yet meet someone who doesn't look into MM carefully and still be after 5-10 years.

i rather play small and add up. i can also sustain position on a big pip loss because i am very disciplined with MM

think you are working for a HedgeFund, or you have clients. you just can't trade without strict MM. you will get decimated.

like look here. we are just picking an example 1.097 - i can open both shorts and longs. and I can bet with you i can close them both on profit in the next months. no meantime i go with the flow.

just think about you have 1M - 10M in cash. would you play with margin - ? no way. what for. and you can spot every day opp. and it's just adds up

there are is only 1 scenario's that worked on margin - nr 2. just like 1 in million chances you win the lottery and they you lose money.

1 - you open you get luccky and you made a killing like 10 times your account in weeks
2 - you stop and don't use margin (very low % as stats)
3 - you feel smart and blow the account

not worth it.

i rather over trade with small position than go into leverage.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #64,225
  • May 19, 2020 6:14am May 19, 2020 6:14am
Quoting thelws
{quote} The real question here is: is there anything that will make eu drop? If there isn't any, the price will continue to creep up while torturing bulls and bears. The guessing game here is where we think resistance will be. My guess is 0985
i don't think like that. anything can happen on markets. 750 today or 1.150 today
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #64,226
  • May 19, 2020 6:19am May 19, 2020 6:19am
Quoting longshot_nl
{quote} {quote} a retrace is fine after the bat symmetry wise. {image}
1037 or 1063 i thought for a while.
those who can, do. those who cant, talk about those who can
  • #64,227
  • May 19, 2020 6:21am May 19, 2020 6:21am
Quoting gatorinla
{quote} 1037 or 1063 i thought for a while.
1063 sounds good.
gartley ends up 1057.
but they get violated all the time.
  • #64,228
  • May 19, 2020 6:27am May 19, 2020 6:27am
Quoting Maroc-Ismail
{quote} Sell Order is active.
+13
  • #64,229
  • May 19, 2020 6:28am May 19, 2020 6:28am
Quoting Mitiblotch
{quote} Long GU 2245. See if we can hit 2315 area. That's actually my TP.
Out of this with few pips. I actually also bought 2236 when it came down. All closed. I don't like the PA. If it comes lower again I may consider buying again.
  • #64,230
  • May 19, 2020 6:34am May 19, 2020 6:34am
Quoting DMA Trader
{quote} i tried i think almost everything i see the temptation with leverage. but i have not yet meet someone who doesn't look into MM carefully and still be after 5-10 years. i rather play small and add up. i can also sustain position on a big pip loss because i am very disciplined with MM think you are working for a HedgeFund, or you have clients. you just can't trade without strict MM. you will get decimated. like look here. we are just picking an example 1.097 - i can open both shorts and longs. and I can bet with you i can close them both on...
thanks for the advice.
but i have different rules in my MM.
i trade for 13 years so i passed the 5-10 years test and still in the bizz.
i always! ALWAYS, every week withdraw money. for me money in my broker account is just a number. what in my bank account is my money.
you are right that im in daily war and sometimes i get tired of it.
i working with my system, and it seems profitable for long term, sometimes thing happened.
(few weeks ago you burn two weeks of work, buy the highs sell the lows - it can happen.)

sometimes, i found myself in the losers side.

once again, thanks for the advice i appreciate it
  • #64,231
  • May 19, 2020 6:36am May 19, 2020 6:36am
Quoting HockMan
{quote} Watching on sideline. Two months hard work short eu down the river.
Feel sorry for you. A stop loss is very important when you are into leverage. Did the upmove yesterday kill your profits, or did you went short?
  • #64,232
  • May 19, 2020 6:37am May 19, 2020 6:37am
Quoting Mitiblotch
{quote} Out of this with few pips. I actually also bought 2236 when it came down. All closed. I don't like the PA. If it comes lower again I may consider buying again.
he is the dumbest ever
i am looking at every pair MXN - TRY - SEK - ZAR - PLN - HUF

GBP is worst

i just can;t close long here - put my stop in place because this thing can do unexpected hundred of pips drop. crashes.
they keep playing and talking about negative but i think we need to look into GBP soon if we get a better risk will kill shorts
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #64,233
  • May 19, 2020 6:38am May 19, 2020 6:38am
Quoting gatenio
{quote} thanks for the advice. but i have different rules in my MM. i trade for 13 years so i passed the 5-10 years test and still in the bizz. i always! ALWAYS, every week withdraw money. for me money in my broker account is just a number. what in my bank account is my money. you are right that im in daily war and sometimes i get tired of it. i working with my system, and it seems profitable for long term, sometimes thing happened. (few weeks ago you burn two weeks of work, buy the highs sell the lows - it can happen.) sometimes, i found myself...
taking money out is another very important rule.
thanks for reminder
well i guess if you can play with the house money you can risk more.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #64,234
  • May 19, 2020 6:40am May 19, 2020 6:40am
Quoting gatenio
{quote} i've got the same problem. when you dont make Money Management you can do 1000% in one month, and in one day to burn it all. close my biggest trades short, the lowest one was at 0831 for not burn my whole account.
I don't know why, but I never use all of my leverage. I am curious: do you? I get stressed when I got too many and too big positions in one direction, lol. If you can handle those nerves and still trade 13 years, you're the man.
  • #64,235
  • May 19, 2020 6:40am May 19, 2020 6:40am
UJ close to 11 may high.
risk ON
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #64,236
  • May 19, 2020 6:42am May 19, 2020 6:42am
Quoting gatenio
{quote} i've got the same problem. when you dont make Money Management you can do 1000% in one month, and in one day to burn it all. close my biggest trades short, the lowest one was at 0831 for not burn my whole account.
My lowest short was 0847 and I don't think it can be saved anymore, or at least BE. Best is I can get out at 0879, I still believe everything goes up so fast must eventually comes down. I'm only burning at -$20+ with equity of $260+ so its not really KILLING off my account so to speak, but it does hurt that 3 weeks profit goes down the drain in one day.
  • #64,237
  • May 19, 2020 6:46am May 19, 2020 6:46am
@Gator

pullback coming ??
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #64,238
  • May 19, 2020 6:48am May 19, 2020 6:48am
Long EU 952 will keep this one . and try to get rid of shorts. will at at 930
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #64,239
  • May 19, 2020 6:51am May 19, 2020 6:51am
100SMA on Daily may serve as a temporary resistance for now. If this H4 candle can close lower than 0944, I do wish the retracement is finally here.

EDIT:
Bearish divergence might be forming in M30. Bulls might be running out of steam but bears are nowhere to be seen. Hey it rhymes!
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  • #64,240
  • May 19, 2020 6:55am May 19, 2020 6:55am
Quoting keongzai94
{quote} My lowest short was 0847 and I don't think it can be saved anymore, or at least BE. Best is I can get out at 0879, I still believe everything goes up so fast must eventually comes down. I'm only burning at -$20+ with equity of $260+ so its not really KILLING off my account so to speak, but it does hurt that 3 weeks profit goes down the drain in one day.
good luck with that, im waiting for near level as well.
but, i will kill the other short soon and backing to my strategy. (hope i never scalp against the trend again even when the ADR is on 120 pips!)
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