Stay green!!!
- #362
- Jun 10, 2020 6:23am Jun 10, 2020 6:23am
- Joined May 2018 | Status: Tadpole | 2,719 Posts
Stay green!!!
- #363
- Jun 10, 2020 5:52pm Jun 10, 2020 5:52pm
- Joined May 2018 | Status: Tadpole | 2,719 Posts
Stay green!!!
- #364
- Jun 10, 2020 5:55pm Jun 10, 2020 5:55pm
- Joined May 2018 | Status: Tadpole | 2,719 Posts
Stay green!!!
- #365
- Jun 11, 2020 3:13am Jun 11, 2020 3:13am
- Joined May 2018 | Status: Tadpole | 2,719 Posts
Stay green!!!
- #366
- Jun 12, 2020 10:16am Jun 12, 2020 10:16am
- Joined Aug 2017 | Status: Trader | 5,229 Posts
I am not "mad" at this trade (because I was sleeping at the time ) but I was amused that the price reached my SL so perfectly and then it went in the direction I assumed. 
) but I was amused that the price reached my SL so perfectly and then it went in the direction I assumed. 
Fear is the mind-killer.
- #367
- Jun 12, 2020 6:05pm Jun 12, 2020 6:05pm
- Joined May 2018 | Status: Tadpole | 2,719 Posts
I am not "mad" at this trade (because I was sleeping at the time
always the same.... Stay green!!!
- #369
- Jun 13, 2020 6:38am Jun 13, 2020 6:38am
- Joined May 2018 | Status: Tadpole | 2,719 Posts
Stay green!!!
- #371
- Jun 13, 2020 7:33pm Jun 13, 2020 7:33pm
- Joined May 2018 | Status: Tadpole | 2,719 Posts
{quote} Right , not really to crush although I like to use that word but should go down because what is going on with china, mess in USA certainly has no conditions to go up like crazy and like everything is perfect for Australia( population 24 millions) and New Zealand (population 5 millions). Australia attacks china and node everything to USA naturally will have consequences for Australia. in coming week market will have opinion on all above.
Where is China going to get the Gas and Coal for the winter coming? the iron and ore etc....
However, what is happening since Chinese government officials are beating their chests is: Health pandemic + Economic crisis + Chinese Diplomacy = Australia is now actively looking at other markets around the world who need Australia huge natural resources.
China has imposed a 80% import tariff on Australian barley as retaliation for Australia's push for an inquiry into the origins of COVID-19 it is believed in Australia (internal politic). But others in the international trade community saw it coming and say the origins and potential ramifications of the dispute run much deeper. Trade observers say China is playing a much longer game and the real grievance is Australian duties charged on Chinese steel imports. Despite Australia's free-trade agreement with China, large duties of about 140 per cent still apply to Chinese steel and aluminium products, including pipes imported to Australia.
Ultimately, Trump got a lot to answer for....
By the way I have decided last Friday that I would not trade EA again!!!
Stay green!!!
- #373
- Jun 14, 2020 4:10pm Jun 14, 2020 4:10pm
- Joined Aug 2017 | Status: Trader | 5,229 Posts
Some strange instrument that one of the brokers I use offers ...
1. Entry at price extremes after confirmation by price action.
2. I missed the second entry because I was sleeping( again!
).
3. I added a second position after the correction.
4. The price has approached the upper trend line. Retail Traders- "Since the price has rebounded 2 times before it means it is a great place for short ... yay we are going short and make a lot of money!
" And as expected- price broke trend line and went higher. I opened a buy position with very low stop loss and then closed the shorts.
5. Due to the fact that it was not a long-term trade(I was just bored at the weekend), I closed it when I noticed that the price was starting to "slow down".
It was my "way of thinking" with this trade... or I was just lucky.
1. Entry at price extremes after confirmation by price action.
2. I missed the second entry because I was sleeping( again!
).3. I added a second position after the correction.
4. The price has approached the upper trend line. Retail Traders- "Since the price has rebounded 2 times before it means it is a great place for short ... yay we are going short and make a lot of money!
" And as expected- price broke trend line and went higher. I opened a buy position with very low stop loss and then closed the shorts.5. Due to the fact that it was not a long-term trade(I was just bored at the weekend), I closed it when I noticed that the price was starting to "slow down".
It was my "way of thinking" with this trade... or I was just lucky.
Fear is the mind-killer.
- #374
- Jun 14, 2020 5:17pm Jun 14, 2020 5:17pm
- Joined May 2018 | Status: Tadpole | 2,719 Posts
Some strange instrument that one of the brokers I use offers ... 1. Entry at price extremes after confirmation by price action. 2. I missed the second entry because I was sleeping( again!
Stay green!!!
- #375
- Jun 14, 2020 7:07pm Jun 14, 2020 7:07pm
- Joined Aug 2017 | Status: Trader | 5,229 Posts
{quote} I don't trade Vix... but if you make money
).
Fear is the mind-killer.
- #376
- Jun 15, 2020 10:49am Jun 15, 2020 10:49am
- Joined Aug 2017 | Status: Trader | 5,229 Posts
First trade of the week, this week I will try to focus mainly on EURUSD and Renko Charts( I still can't "read" them as well as I would like, I have to practice more). Monday so the pairs move very slowly... I woke up, looked through the economic calendar and then saw that EURUSD is in the zone, which in my opinion had good potential for short. I took a position (still in bed ) and the price moved very quickly in the direction I assumed and I moved SL to BE + 1. I went to make breakfast, so I missed the moment when the price started to turn back a lot, at this point I would be out of position because at this stage R:R was quite good. Despite this "correction", price dont hit my BE+1 and started to fall again and I moved my SL even lower. Stop loss closed the position at around 1:4 R: R.
I noticed that describing trades in this way helps me a bit to stay disciplined so I hope Froggy you don't mind.
) and the price moved very quickly in the direction I assumed and I moved SL to BE + 1. I went to make breakfast, so I missed the moment when the price started to turn back a lot, at this point I would be out of position because at this stage R:R was quite good. Despite this "correction", price dont hit my BE+1 and started to fall again and I moved my SL even lower. Stop loss closed the position at around 1:4 R: R. I noticed that describing trades in this way helps me a bit to stay disciplined so I hope Froggy you don't mind.
Fear is the mind-killer.
- #377
- Edited 8:06pm Jun 15, 2020 4:04pm | Edited 8:06pm
- Joined May 2018 | Status: Tadpole | 2,719 Posts
First trade of the week, this week I will try to focus mainly on EURUSD and Renko Charts( I still can't "read" them as well as I would like, I have to practice more). Monday so the pairs move very slowly... I woke up, looked through the economic calendar and then saw that EURUSD is in the zone, which in my opinion had good potential for short. I took a position (still in bed
Stay green!!!
- #378
- Jun 15, 2020 8:06pm Jun 15, 2020 8:06pm
- Joined May 2018 | Status: Tadpole | 2,719 Posts
Stay green!!!
- #380
- Jun 16, 2020 12:31pm Jun 16, 2020 12:31pm
- Joined Aug 2017 | Status: Trader | 5,229 Posts
Number 1 was my mistake - it was Monday, late evening, the end of US session ... I entered the position too early and optimistically set too wide stop loss. Number 2 was better, the price went quite quickly in the direction I assumed and I moved SL to BE + 1. I was aware that today there will be important news for USD so I moved SL even lower before news. For some time price "tested my patience" but then the strong impulse came. After that, I decided to close the position with 56 pips of profit. Could I hold it longer? Yes of course I could but the price was already in the zone in which I would realize profits and I knew that after such a strong impulse there could be a correction and because of the wrong previous position I preferred not to give away profits. I opened number 3 with a very small stop loss and quickly moved it to BE + 1 and I was going to hold it a bit longer but I lost confidence and decided to close it with 8 pips of profit. I opened number 3 a little too late, if I had looked at Renko earlier, I could have played it better, but at that moment I had access only to the phone. This week + around 50 pips from EURUSD so far.
Lesson for me today - Avoid taking positions in the evening (especially on Mondays!).
Number 2 was better, the price went quite quickly in the direction I assumed and I moved SL to BE + 1. I was aware that today there will be important news for USD so I moved SL even lower before news. For some time price "tested my patience" but then the strong impulse came. After that, I decided to close the position with 56 pips of profit. Could I hold it longer? Yes of course I could but the price was already in the zone in which I would realize profits and I knew that after such a strong impulse there could be a correction and because of the wrong previous position I preferred not to give away profits. I opened number 3 with a very small stop loss and quickly moved it to BE + 1 and I was going to hold it a bit longer but I lost confidence and decided to close it with 8 pips of profit. I opened number 3 a little too late, if I had looked at Renko earlier, I could have played it better, but at that moment I had access only to the phone. This week + around 50 pips from EURUSD so far.Lesson for me today - Avoid taking positions in the evening (especially on Mondays!).
Fear is the mind-killer.