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  • #1,170,381
  • May 20, 2020 7:03am May 20, 2020 7:03am
Quoting kuroro001
{quote} Hidden bearish divergence forming on the monthly...
With potential below 1.03...
COT: The precious data ignored
  • #1,170,382
  • May 20, 2020 7:19am May 20, 2020 7:19am
Quoting kuroro001
Lots of bearish divergence on lower tf (from h1 down to m15). Only h4 is bullish That thing could retrace down first if we can reach back below 1,0948
i went short too early, sl hit -10

these are MTF 50 sma levels
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  • #1,170,383
  • May 20, 2020 7:26am May 20, 2020 7:26am
i will suggest buy on deep
  • #1,170,384
  • May 20, 2020 7:31am May 20, 2020 7:31am
Quoting VuLe
1 way up... 1.1100.... keep catching flying knives.... if you are in buy with 50pips or more... set it to be and Just patiently hold it. That is my advise... we will end this month way above 1.1000.

Congrats to those who still hold their long since yesterday... keep holding it. I am still long since eu 1.0913
dont be afrait to get stopped out at BE... this is a time game and there are always more opportunity. I notice many people have tight SL. Remember we are in a very volatile season due to economic struggle and covid 19 season... any small spike will snipe out these 10pip sl
Trade what you see, take what the market gives you.
  • #1,170,385
  • May 20, 2020 7:34am May 20, 2020 7:34am
waiting to see what kind of pull back I get on the H1 but I feel like its gearing up!
LOCK IN RE-ENTER
  • #1,170,386
  • May 20, 2020 7:38am May 20, 2020 7:38am
Quoting mistaouting
waiting to see what kind of pull back I get on the H1 but I feel like its gearing up!
Ur short right ? At the moment ?
  • #1,170,387
  • Edited 8:06am May 20, 2020 7:50am | Edited 8:06am
Quoting Kingofnight
{quote} Ur short right ? At the moment ?
No, currently long from previous day, and looking to add on to position on this pull back thats forming.

H4 is turning bullish and got enough bullish movement over night to keep me in it long.

I cant play both sides of the trade otherwise I would hold me long and scalp shorts this H4 and the beginning of the next H4...

Seems to have broke a trend that went back SEVERAL days....yesterday that line acted as support and she made her way above the outer line I extended off of highs..if she can maintain that upper line as support then something broke lol...she has been in that triangle for several weeks and now wants to pop her head out ill play it long until she tells me different....but get EDIT GOODentries are must
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EDIT: If she breaks any of those lower supports I think she will go to the floor! But right now we are playing at the top of her bound of the past two weeks
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  • #1,170,388
  • May 20, 2020 7:59am May 20, 2020 7:59am
Morning traders I am still holding buys from Monday going to continue to hold today
Master your mind. Master Trading.
  • #1,170,389
  • May 20, 2020 8:04am May 20, 2020 8:04am
Who here believes this will drop back to the 1.08 range? How long will it take??
My Future is so Bright I gotta wear Shades! https://www.youtube.com/watch?v
  • #1,170,390
  • May 20, 2020 8:11am May 20, 2020 8:11am
Quoting stjoeforex
Who here believes this will drop back to the 1.08 range? How long will it take??
Why are you looking down, just wondering? Maybe you know something I don't!
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  • #1,170,391
  • May 20, 2020 8:15am May 20, 2020 8:15am
Quoting mistaouting
{quote} Why are you looking down, just wondering? Maybe you know something I don't!
I'm hold ing on to a short sell.. hoping, praying that it will come back down. I keep reading different reports from different sites. Some say the EUR/USD is now in a buy signal while others are still saying sell. To me it looks like it's going to continue to go up.... I'm hoping it will go down...
My Future is so Bright I gotta wear Shades! https://www.youtube.com/watch?v
  • #1,170,392
  • May 20, 2020 8:20am May 20, 2020 8:20am
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My Future is so Bright I gotta wear Shades! https://www.youtube.com/watch?v
  • #1,170,393
  • May 20, 2020 8:26am May 20, 2020 8:26am
Quoting stjoeforex
{quote} I'm hold ing on to a short sell.. hoping, praying that it will come back down. I keep reading different reports from different sites. Some say the EUR/USD is now in a buy signal while others are still saying sell. To me it looks like it's going to continue to go up.... I'm hoping it will go down...
Are you holding a short from 1.08? Is it a demo/fake account? If so I wouldn't worry...lol

You need to know "when".....someone says a certain level ask when....you read something suggesting a level get a idea of when.....

USE STOP LOSSES....
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  • #1,170,394
  • May 20, 2020 8:29am May 20, 2020 8:29am
Quoting mistaouting
{quote} Are you holding a short from 1.08? Is it a demo/fake account? If so I wouldn't worry...lol You need to know "when".....someone says a certain level ask when....you read something suggesting a level get a idea of when..... USE STOP LOSSES....
You don't need to use stop loss if you know when to get out

Stop loss is a retail thing, never heard of Goldman trading with stop losses...just saying

And if you short and trading weekly/monthly, small contract, why worries?


Don't need to worry if you know what you do
COT: The precious data ignored
  • #1,170,395
  • May 20, 2020 8:30am May 20, 2020 8:30am
Quoting kuroro001
{quote} You don't need to use stop loss if you know when to get out Stop loss is a retail thing, never heard of Goldman trading with stop losses...just saying And if you short and trading weekly/monthly, small contract, why worries? Don't need to worry if you know what you do
if you get out own your own or and automated order....its a stop loss.....stops your account from a loss!

EDIT: stop loss is very important part of a trading plan....IMO.

Lot size
stop loss
take profit
entry level

should all be known and stuck to when trading forex...IMO
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  • #1,170,396
  • May 20, 2020 8:32am May 20, 2020 8:32am
Quoting mistaouting
{quote} if you get out own your own or and automated order....its a stop loss.....stops your account from a loss!
Then everybody is using stop loss, because at some point you'll get stopped, manually, automatically, or forced
COT: The precious data ignored
  • #1,170,397
  • May 20, 2020 8:36am May 20, 2020 8:36am
Quoting kuroro001
{quote} Then everybody is using stop loss, because at some point you'll get stopped, manually, automatically, or forced
glad you understand however....if its forced....then its probably not a "stop loss" at that point...
LOCK IN RE-ENTER
  • #1,170,398
  • May 20, 2020 8:37am May 20, 2020 8:37am
A good trader always cutes their loses early
I'm enjoying the wins because I was once terrified by loses
  • #1,170,399
  • May 20, 2020 8:39am May 20, 2020 8:39am
Quoting kuroro001
{quote} You don't need to use stop loss if you know when to get out Stop loss is a retail thing, never heard of Goldman trading with stop losses...just saying And if you short and trading weekly/monthly, small contract, why worries? Don't need to worry if you know what you do
Quoting kuroro001
{quote} Then everybody is using stop loss, because at some point you'll get stopped, manually, automatically, or forced


Do you think your Goldman...do you think you can do what Goldman dose....I feel like it was you before who told someone else "not to worry" about a stop loss.....I see why people Preach the importance of ill advised trading advice on this forum being dangerous for those coming to learn

how can you feel comfortable telling someone not to worry about a stop loss....irresponsible ill-advised
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  • #1,170,400
  • May 20, 2020 8:40am May 20, 2020 8:40am
Thanks for the comments. Yes It's a demo account. I'm trying a new trading plan to see if it works. So far it works in the opposite way!!! An no I'm not currently using a stop loss on it. Trying to see how far it will go without one... I keep thinking that this soon might turn into a sell and head back down to support at 1.08 area...
My Future is so Bright I gotta wear Shades! https://www.youtube.com/watch?v
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