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  • #1,174,721
  • Jul 9, 2020 10:09am Jul 9, 2020 10:09am
Quoting 4experience
{quote} with 1286 bull and bear will be happy Very good area for buying with low price {image}

I am long now
not greedy 1315 will perfect if we go
  • #1,174,722
  • Jul 9, 2020 10:11am Jul 9, 2020 10:11am
Quoting VuLe
{quote} not cheap anymore... all lines are broken on my chart. 5min/30m/1h/4h... the daily expected touch is at 1.1260... my 4 positions are at 1.1232/1.1243/1.1265/1.1310.... my 5th triggered as I was driving... really wanted to move it to 1.1275... but its at 1.1295... my BE is 1.1270 but I dont plan on exiting there. Going to hold this 1 out...
just a question....if your confident in it going up... or if your not

why not lock in profit....cash out.....and look to renter in direction you want
LOCK IN RE-ENTER
  • #1,174,723
  • Jul 9, 2020 10:17am Jul 9, 2020 10:17am
Quoting mistaouting
{quote} just a question....if your confident in it going up... or if your not why not lock in profit....cash out.....and look to renter in direction you want
I explained it ahead of time in my earlier post. I have good buy position. And If I exit and reload... the question is “what if it doesnt hit the target I am expecting it to hit”
then I end up on sideline watching the trend go up... but if It hits, then I have more position. Let say if I exit 1.1360... then when I try to buy my account is all red. It plays with my mindset and I get scared and start to hold -20pips -60pips...
Trade what you see, take what the market gives you.
  • #1,174,724
  • Jul 9, 2020 10:22am Jul 9, 2020 10:22am
Be careful with buying, it may take until tomorrow, but it looks that it wants 1.1275-70 badly.
Looking for profitable short term trades ...|
  • #1,174,725
  • Jul 9, 2020 10:48am Jul 9, 2020 10:48am
Quoting VuLe
{quote} I explained it ahead of time in my earlier post. I have good buy position. And If I exit and reload... the question is “what if it doesnt hit the target I am expecting it to hit” then I end up on sideline watching the trend go up... but if It hits, then I have more position. Let say if I exit 1.1360... then when I try to buy my account is all red. It plays with my mindset and I get scared and start to hold -20pips -60pips...
I understand! Best of luck!

Hate to see you give pips back but sound likes you have your plan laid out and its good to stick to it and not emotion....you can quantify and analyze trading strategy /numbers to improve...cant do that with emotions! Way to stick to your plan even in the face of adversity

EDIT: so far so good...if this current level can hold...but im watching holding my short
LOCK IN RE-ENTER
  • #1,174,726
  • Jul 9, 2020 11:01am Jul 9, 2020 11:01am
Woke up to find my trailing sl was hit. Will have my coffee while figuring out this PA. Cheers to those who tp'd at the top.
Only an idiot knows with certainty to where the market is going.
  • #1,174,727
  • Jul 9, 2020 11:04am Jul 9, 2020 11:04am
So far good. Still maintaining what I wanted. Kinda bad thing today is I missed 35+ pips because I closed last trade too soon. But whatever, I went out so it is my stupidity... xD Let's rock more guys. It is possible!

SF
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  • #1,174,728
  • Jul 9, 2020 11:13am Jul 9, 2020 11:13am
Very deep correction , to say the least...... keeping still my longs....decided to give up if 1.12 79 is hit.

  • #1,174,729
  • Jul 9, 2020 11:21am Jul 9, 2020 11:21am
Quoting PatienceFx
{image}
Excellent
  • #1,174,730
  • Jul 9, 2020 11:27am Jul 9, 2020 11:27am
Quoting PatienceFx
{quote} Excellent
nice call!
LOCK IN RE-ENTER
  • #1,174,731
  • Jul 9, 2020 11:29am Jul 9, 2020 11:29am
Quoting SilentFather
So far good. Still maintaining what I wanted. Kinda bad thing today is I missed 35+ pips because I closed last trade too soon. But whatever, I went out so it is my stupidity... xD Let's rock more guys. It is possible! SF {image} {image}
Good streak using stop loss, I had a bigger, but without risking nothing (not using stop loss) and that is why I blow out my account when I was new in trading. This is a good example of discipline and risk management.

Congrats, may these wins continue and you can achieve a thousand percent.
Looking for profitable short term trades ...|
  • #1,174,732
  • Jul 9, 2020 12:11pm Jul 9, 2020 12:11pm
Quoting Js3mwtRc
{quote} Good streak using stop loss, I had a bigger, but without risking nothing (not using stop loss) and that is why I blow out my account when I was new in trading. This is a good example of discipline and risk management. Congrats, may these wins continue and you can achieve a thousand percent.
I might share myfxbook link if You want. Yes, I'm using SL but for few pips it is without SL (looking for few seconds, since I try to peak top and bottoms). Then it is mostly SL at breakeven or I close a trade because it is just wrong. So far it works.
---------------------------

Had real account before, did the same... But I completely fu*** it up. No SL.. One day I got rage... And You see what happened... Took me cca 4 days to get those 3K dollars, deleted in same time.

Was a big mistake. I should have withdraw that and go again.. But well I deleted all profit.

Sad thing, it is from 2015.

SF
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  • #1,174,733
  • Edited 12:25pm Jul 9, 2020 12:12pm | Edited 12:25pm
Quoting mistaouting
{quote} I understand! Best of luck! Hate to see you give pips back but sound likes you have your plan laid out and its good to stick to it and not emotion....you can quantify and analyze trading strategy /numbers to improve...cant do that with emotions! Way to stick to your plan even in the face of adversity EDIT: so far so good...if this current level can hold...but im watching holding my short

1 thing I learn about trading is to trade less and not trade more. You can see some of our friends on forum are buying and exiting and then buying and getting stopped and selling and getting stopped. End result usually give back a lot of profit. But then perhaps they are scalper which is part of perfecting their scalping skills.
I am more of a swing trader as some may see that. I usually trade and hold for several day or a week... (2 week max but this situation is rarely) like if I am looking for a specific target and it hit and tp me... then yes, I am out and looking to reload buy/sell.... but my target was set to 1.1385 which never hit.. 1.1370 was hit (that was during asian session). So I dont expect to exit.

To me scalping is much more advance than swing trading. When you trying to predict hours to hours. And I know how that went. So for me, I just try to choose 1 side and trade from there and rebuy or resell... in my eyes if my current vision is 1.1750. Then I am strongly bias for bulls. I base on weekly and monthly candle. Whereas you guys are better at catching those turn around.

You do not want to see me try and scalp. I will not make it for long. Lol. I do try every now and then.
Trade what you see, take what the market gives you.
  • #1,174,734
  • Jul 9, 2020 12:18pm Jul 9, 2020 12:18pm
Quoting SilentFather
{quote} I might share myfxbook link if You want. Yes, I'm using SL but for few pips it is without SL (looking for few seconds, since I try to peak top and bottoms). Then it is mostly SL at breakeven or I close a trade because it is just wrong. So far it works. --------------------------- Had real account before, did the same... But I completely fu*** it up. No SL.. One day I got rage... And You see what happened... Took me cca 4 days to get those 3K dollars, deleted in same time. Was a big mistake. I should have withdraw that and go again.....
I have visited your profile, thanks.
Not using completelly stop loss, or at least have an exit plan is wrong, but you can make it for many trades until you bust, or accept some losses.

From 3.541 to 881, at least you had some fun!
Looking for profitable short term trades ...|
  • #1,174,735
  • Jul 9, 2020 12:20pm Jul 9, 2020 12:20pm
Coffee analysis is done. Upon seeing the PA, the patterns formed and possible forming. The levels achieved, the one that holds and folds. Checked what's above and what's below. Upon reading the fuel(todays news). And knowing the day session and time. I come up with, it is best to trade this without a bias till this week session ends. The move was done and gone. It will just go back and forth up and down. So the best to trade this is "Gone in 60 seconds" scalping method. A 10-15 pip eat and run both directions. I'll try to get 100x of those before the market close tomorrow. Cheers!
Only an idiot knows with certainty to where the market is going.
  • #1,174,736
  • Jul 9, 2020 12:24pm Jul 9, 2020 12:24pm
if i am not wrong, we should see a structuraol change from here to bullish side

what do you say guys
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  • #1,174,737
  • Jul 9, 2020 12:25pm Jul 9, 2020 12:25pm
Regardless of whether we do swing or scalping its best to move the stop after break even or even small profit... worse case scenario is that you make small profit with that approach.

If that approach is no taken the worse case scenario is stressful trading and greater chance of losses.

So best to just automate trade entry and exit fully semi-auto approach.
  • #1,174,738
  • Jul 9, 2020 12:26pm Jul 9, 2020 12:26pm
UP ?
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  • #1,174,739
  • Jul 9, 2020 12:28pm Jul 9, 2020 12:28pm
Quoting VuLe
{quote} 1 thing I learn about trading is to trade less and not trade more. You can see some of our friends on forum are buying and exiting and then buying and getting stopped and selling and getting stopped. End result usually give back a lot of profit. But then perhaps they are scalper which is part of perfecting their scalping skills. I am more of a swing trader as some may see that. I usually trade and hold for several day or a week... (2 week max but this situation is rarely) like if I am looking for a specific target and it hit and tp me......
I understand...

A certain draw down is expected and risk is relative.

Market has been ranging so much lately.....swinging it for multiple days has come less than often....but those days when they have come has been great....surly makes trading easier when you could just keep adding to obviously trending direction.


Good luck with those positions...hope she hits your target soon!
LOCK IN RE-ENTER
  • #1,174,740
  • Jul 9, 2020 12:32pm Jul 9, 2020 12:32pm
Quoting DonFF
Regardless of whether we do swing or scalping its best to move the stop after break even or even small profit... worse case scenario is that you make small profit with that approach. If that approach is no taken the worse case scenario is stressful trading and greater chance of losses. So best to just automate trade entry and exit fully semi-auto approach.

I have thought of that as well. But I think some guys here saw what happen to me Last time (Like 4weeks ago give or take) when I exit and made 100+ pip then try to sell for breakfast money... only looking for some pips. Ended up taking a -45pips and missing another 100pip spiked... it was horrible.
as mention, my BE is 1.1270... I will be watching carefully without a sl atm... because I do believe the last straw is around 1.1275.
Trade what you see, take what the market gives you.
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