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  • #109,781
  • May 26, 2020 10:46am May 26, 2020 10:46am
Quoting Obieke
I blew my trading account a few minutes ago. This is harder than i thought. I'd appreciate any help or guidance from y'all pros.
Advice from me.

Do not trade more than 1-2% of capital in one trade.
with just 1% a day we can get 2-3% which means that in a month (20 days) our capital increases by 40-60%. in fact it might only get 10-15%. This is very large compared to the annual bank interest of only 6-11% / year

there is no quick way to get rich in forex trading.
There is no perfect system
  • #109,782
  • May 26, 2020 10:48am May 26, 2020 10:48am
Based on M15 (which I mostly execute my trades in) , we have a divergence .

IMO , we will visit 1.0948ish in the next 90 minutes

Good luck to everyone
  • #109,783
  • May 26, 2020 10:50am May 26, 2020 10:50am
Quoting Tore
{quote} I still hold my long from 1.09760 SL 20
Good luck
There is no perfect system
  • #109,784
  • May 26, 2020 10:52am May 26, 2020 10:52am
Ata-Turk is taking the price for the idiot of the month to think he can change the market lol keep on dreaming chap. Your trade account and all trades account on this forum is not big enough to make even the market to think of turning lol
Thanks for the joke lol
  • #109,785
  • May 26, 2020 10:53am May 26, 2020 10:53am
Quoting Obieke
I blew my trading account a few minutes ago. This is harder than i thought. I'd appreciate any help or guidance from y'all pros.
How much was your account?
  • #109,786
  • May 26, 2020 10:54am May 26, 2020 10:54am
Quoting Ata-Turkoglu
I keep observing how market behaves when I don't execute a trade and when I do.. When I don't share a signal and when I do.. I am noticing a difference between the two which I proved to myself today after 6 months of study.. Therefore this particular case is closed for me.. I just regret sharing it in an environment where lots of haters are looking for an opportunity to attack me out of their own fantasies.. But you know what? Thank God I am the admin of this thread Now... dear haters... before the temptation of hitting the ignore button...
Keep up your good work, Ata. Please continue to share your technical analysis. I put my eyes on it and always find something to learn from it.
  • #109,787
  • May 26, 2020 10:59am May 26, 2020 10:59am
Added another short at 1.0990
Make it Green
  • #109,788
  • May 26, 2020 10:59am May 26, 2020 10:59am
Quoting Ata-Turkoglu
I keep observing how market behaves when I don't execute a trade and when I do.. When I don't share a signal and when I do.. I am noticing a difference between the two which I proved to myself today after 6 months of study.. Therefore this particular case is closed for me.. I just regret sharing it in an environment where lots of haters are looking for an opportunity to attack me out of their own fantasies.. But you know what? Thank God I am the admin of this thread Now... dear haters... before the temptation of hitting the ignore button...
People can like and hate us, that's the reality of life, my friend.
whatever the conditions, never mind anything that has a negative impact on us. I'm sure you're a Great person, who responded to that reality wisely.
There is no perfect system
  • #109,789
  • May 26, 2020 11:03am May 26, 2020 11:03am
Thank God support of good people here is always greater than the toxicity of haters.. I appreciate you all.. It keeps me going..

Let's continue posting around EURUSD.. Thanks

Stay Green
Focus only on what truly matters!
  • #109,790
  • May 26, 2020 11:03am May 26, 2020 11:03am
Quoting Ata-Turkoglu
I keep observing how market behaves when I don't execute a trade and when I do.. When I don't share a signal and when I do.. I am noticing a difference between the two which I proved to myself today after 6 months of study.. Therefore this particular case is closed for me.. I just regret sharing it in an environment where lots of haters are looking for an opportunity to attack me out of their own fantasies.. But you know what? Thank God I am the admin of this thread Now... dear haters... before the temptation of hitting the ignore button...
To be sincere with you,one of your Moving Average have really helped me in trading.You are a good trader bro and I sincere appreciate you for sharing your good experience here.✌
Make it Green
  • #109,791
  • May 26, 2020 11:04am May 26, 2020 11:04am
Quoting louisfx
{quote} To be sincere with you,one of your Moving Average have really helped me in trading.You are a good trader bro and I sincere appreciate you for sharing your good experience here.✌
Attached Image (click to enlarge)
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Make it Green
  • #109,792
  • May 26, 2020 11:06am May 26, 2020 11:06am
Quoting Wavegarrick
{quote} Hi Guys, I added some short trades on the pullback towards my daily pivot at 1.09149. S/loss 50 pips. For what it's worth, my 4 Hr chart still shows a short cyclic phase and I add sell trades only, until my system tells me otherwise. Have a great week. Cheers. {image}
Hi Guys,
It is what it is. I was caught on the backfoot. Unfortunately this upmove started somewhere in Asia whilst I was in Lala land. These moves don't happen often, but it reinforces the use of stop losses. This is the nature of trading and no one can get it right all the time. I was able to catch a buy trade somewhere around London open and locked in. My weekly resistance 1 at 1.10111 is a foreseeable target and I will not bet on it that price will turn there. Price looks very bullish at the moment.

All I can say to newbies. Don't over-leverage. Forex is not a get rich quick scheme. Follow your own instincts and always trade to trade another day. With my money management plan, I follow a system that will always keep me in the game. I don't take all my trades off the table and leave trades open, to soak in properly. This gives me a foundation to work from and grow my trades. When I have losses my foundation stays in place and losses hardly affect me. Forex is not easy as a previous poster noted here today, no matter how many years experience you have. If you don't have a solid money management plan, forget about it.

I hope this can be of help to some.

All the best,
Cheers
Attached Image (click to enlarge)
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Trade to trade another day
  • #109,793
  • May 26, 2020 11:11am May 26, 2020 11:11am
https://www.forexfactory.com/showthr...6#post12961476 = SL
========================
Attached Image (click to enlarge)
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  • #109,794
  • May 26, 2020 11:22am May 26, 2020 11:22am
H1 Status Update

  1. First close below current Dashed-RED TL gives bears hope! 1.0973 is now nearest resistance!
  2. Bears could first drag it down to previous Dashed-RED TL touch area. For now that would be around: 1.0956..
  3. No buying for me while below highest Dashed-RED TL..

Stay Green

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H1-Status-Update.png Size: 27 KB
Focus only on what truly matters!
  • #109,795
  • May 26, 2020 11:25am May 26, 2020 11:25am
Quoting louisfx
{quote} {image}
I agree with you. Ata ma setting really help me a lot. Thanks for that ata. And many thanks to others too for sharing their analysis. It help me to keep on studying my chart and sorry for my bad english
Newbie here
  • #109,796
  • May 26, 2020 11:26am May 26, 2020 11:26am
Quoting Ata-Turkoglu
H1 Status Update First close below current Dashed-RED TL gives bears hope! 1.0973 is now nearest resistance! Bears could first drag it down to previous Dashed-RED TL touch area. For now that would be around: 1.0956.. No buying for me while below highest Dashed-RED TL.. Stay Green {image}

Thanks Ata
Its also both a divergence and a shooting star on H4 which could drage this down to 1.088ish ,if not lower.

  • #109,797
  • May 26, 2020 11:34am May 26, 2020 11:34am
New Lesson Ready - Wave 3
  • #109,798
  • May 26, 2020 11:34am May 26, 2020 11:34am
Quoting BluesUntukAk
{quote} I agree with you. Ata ma setting really help me a lot. Thanks for that ata. And many thanks to others too for sharing their analysis. It help me to keep on studying my chart and sorry for my bad english
Greetings from Central Sulawesi!
  • #109,799
  • May 26, 2020 11:37am May 26, 2020 11:37am
Quoting Tore
{quote} Greetings from Central Sulawesi!
Greeting from Brunei Darussalam
Newbie here
  • #109,800
  • May 26, 2020 11:47am May 26, 2020 11:47am
Quoting Dibzoolian
{quote} Thanks Ata Its also both a divergence and a shooting star on H4 which could drage this down to 1.088ish ,if not lower.
My H4 candle has not closed yet.. On my broker shooting star can be confirmed once candle closes in 14 minutes.. Overall we are in fib 78.6 territory.. Let's see..

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H4-Status-Update.png Size: 27 KB
Focus only on what truly matters!
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