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  • #1,174,741
  • Jul 9, 2020 10:38am Jul 9, 2020 10:38am
Quoting PatienceFx
if i am not wrong, we should see a structuraol change from here to bullish side what do you say guys {image}
Seasonally I would not interpret current technicals as pointing in bullish direction

GBP and AUD will remain in strong ranging mode

With best Opps in CHF and JPY for July and Aug

Sep-Dec is when Bullish really starts!
  • #1,174,742
  • Jul 9, 2020 10:41am Jul 9, 2020 10:41am
Quoting PatienceFx
if i am not wrong, we should see a structuraol change from here to bullish side what do you say guys {image}
That's the slope that I am using since the 24th of June. Hope I am right as well...
  • #1,174,743
  • Jul 9, 2020 10:45am Jul 9, 2020 10:45am
It was some nice dip to buy again. Tomorrow we will go back to weekly pivot up again. From DS1 pivot I'm buy
  • #1,174,744
  • Jul 9, 2020 10:51am Jul 9, 2020 10:51am
Quoting VuLe
{quote} 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.
you gave up roughly 75 pips between yesterday and today
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  • #1,174,745
  • Jul 9, 2020 10:51am Jul 9, 2020 10:51am
https://www.forexfactory.com/attachm...1&d=1594316802

This is where Trading using automated traders are better since trying to predict manually what EURUSD will do next is way more tricky.

But Seasonally EURUSD should weaken in the range for rest of Jul/Aug going into Sept-Dec Bull Opp.
Attached Image (click to enlarge)
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  • #1,174,746
  • Jul 9, 2020 11:04am Jul 9, 2020 11:04am
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......

everyone try to make a living off FX , especially EURUSD.
me too ....
just last year + this year , i have wiped clean USD58K IC Market live acc ......... Ouch ......trading purely EU ....
I mainly SHORT EU ......
so when EU down , i;m doing GOOD.
but reverse the same.....

on 1Jul, i came back with USD2K re-start ......
No SL .
mainly scalping .

From 1.12xx ----1.137x ,,,,,,,my acc nearly wipe out .
I pump in extra re-inforcement , till USD6K own capital ...... (short ~4 stndard lot).

and today 1.137x .....drop all the way to 1.129x ......
acc equity standing ~usd5xxx ......
along the way ,
i open BUY 7lot , TP= 3 pip a few time , bring in some nice bacons ....


anyway, this is bad strategy ,
i'm trading all-in method.
success or break ....


with EU going down , i'm recovering my wound .....


later will share my screen shot ...

Update: 1Jul ===USD2000 (own capital)
In between, added USD4000 to hold the line .... if EU trade above 1.14 , more reinforcement needed.
10Jul ==== USD6950 ..... (own capital + profit )
  • #1,174,747
  • Jul 9, 2020 11:04am Jul 9, 2020 11:04am
I had a USDCHF sell position. Closed it in profit. Forgot to take screen shot. Will re-enter sell position again soon once opportunity presents. Reason is the trend is down and also sentiment is majority of retails are in buy position. So institutions will clear all that out soon.
  • #1,174,748
  • Jul 9, 2020 11:07am Jul 9, 2020 11:07am
Quoting paogeh
{quote} everyone try to make a living off FX , especially EURUSD. me too .... just last year + this year , i have wiped clean USD58K IC Market live acc ......... Ouch ......trading purely EU .... I mainly SHORT EU ...... so when EU down , i;m doing GOOD. but reverse the same..... on 1Jul, i came back with USD2K re-start ...... No SL . mainly scalping . From 1.12xx ----1.137x ,,,,,,,my acc nearly wipe out . I pump in extra re-inforcement , till USD6K own capital ...... (short ~4 stndard lot). and today 1.137x .....drop all the way to 1.129x .........


Screenshot
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_2020-07-10-02-05-16-64_a068875e8d70110f8d1ec48729c67374.png Size: 137 KB
Click to Enlarge Name: Screenshot_2020-07-10-02-05-49-01_a068875e8d70110f8d1ec48729c67374.png Size: 129 KB
  • #1,174,749
  • Jul 9, 2020 11:07am Jul 9, 2020 11:07am
Quoting paogeh
{quote} everyone try to make a living off FX , especially EURUSD. me too .... just last year + this year , i have wiped clean USD58K IC Market live acc ......... Ouch ......trading purely EU .... I mainly SHORT EU ...... so when EU down , i;m doing GOOD. but reverse the same..... on 1Jul, i came back with USD2K re-start ...... No SL . mainly scalping . From 1.12xx ----1.137x ,,,,,,,my acc nearly wipe out . I pump in extra re-inforcement , till USD6K own capital ...... (short ~4 stndard lot). and today 1.137x .....drop all the way to 1.129x .........
It is up to you, but in your place id rethink my bankroll management.
  • #1,174,750
  • Jul 9, 2020 11:12am Jul 9, 2020 11:12am
Quoting paogeh
{quote} everyone try to make a living off FX , especially EURUSD. me too .... just last year + this year , i have wiped clean USD58K IC Market live acc ......... Ouch ......trading purely EU .... I mainly SHORT EU ...... so when EU down , i;m doing GOOD. but reverse the same..... on 1Jul, i came back with USD2K re-start ...... No SL . mainly scalping . From 1.12xx ----1.137x ,,,,,,,my acc nearly wipe out . I pump in extra re-inforcement , till USD6K own capital ...... (short ~4 stndard lot). and today 1.137x .....drop all the way to 1.129x .........

I could suggest you pay attention to the EUR Group instead of just EURUSD and also Seasonal analysis.

this is a better long term approach.

by paying more attention to the group you will appreciate better what Price action is about!

Sometimes even though EURUSD is moving the opportunity is really in another Asset like recently there we easy pickings in EURGBP
Attached Image
  • #1,174,751
  • Jul 9, 2020 11:17am Jul 9, 2020 11:17am
Quoting paogeh
{quote} everyone try to make a living off FX , especially EURUSD. me too .... just last year + this year , i have wiped clean USD58K IC Market live acc ......... Ouch ......trading purely EU .... I mainly SHORT EU ...... so when EU down , i;m doing GOOD. but reverse the same..... on 1Jul, i came back with USD2K re-start ...... No SL . mainly scalping . From 1.12xx ----1.137x ,,,,,,,my acc nearly wipe out . I pump in extra re-inforcement , till USD6K own capital ...... (short ~4 stndard lot). and today 1.137x .....drop all the way to 1.129x .........
you lost 58K in a little over a year.....

added 2k to your account....nearly lost that.....added another 6k....account now at 5k....so you lost about another 3k.....added another 2k so now account balance is about 7k....added another 4K and soooo account about 11K......but account balance about 6900....

dude wtf.....clarif; obviously im not understanding.....if you want to give away money I can help you
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  • #1,174,752
  • Jul 9, 2020 11:19am Jul 9, 2020 11:19am
Are the bulls about to come back out!???
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  • #1,174,753
  • Jul 9, 2020 11:34am Jul 9, 2020 11:34am
Quoting DonFF
{quote} I could suggest you pay attention to the EUR Group instead of just EURUSD and also Seasonal analysis. this is a better long term approach. by paying more attention to the group you will appreciate better what Price action is about! Sometimes even though EURUSD is moving the opportunity is really in another Asset like recently there we easy pickings in EURGBP {image}

i trade EU , mainly it;s lowest spread/commision + most info available .

*used to trade multi pair in early days , i joined FF since 2007 . EU alone is enough headache.




Quoting mistaouting
{quote} you lost 58K in a little over a year..... added 2k to your account....nearly lost that.....added another 6k....account now at 5k....so you lost about another 3k.....added another 2k so now account balance is about 7k....added another 4K and soooo account about 11K......but account balance about 6900.... dude wtf.....clarif; obviously im not understanding.....if you want to give away money I can help you
yeah , in FF, everyone is winners . there is no losers.
I;m not ashame to stand out to say i;m one of those losers , where 90% losing $.

many of the so-call "expert" here in FF , traded 0.01 lot , and they have the audacity to give advise to others ?!
anyway, as long , it's bring back the bacon , it;s a good strategy .

*correction ::: lost USD58k was last year Oct ----this year March .....APR---JUN ==rest
::: July , started USD2K , added extra USD4K for the RISK-ON event recently.

with US corona virus so bad, i still can;t figure out , how people can consider RISK-ON ....
  • #1,174,754
  • Jul 9, 2020 12:09pm Jul 9, 2020 12:09pm
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.....
Listen To me.. Everything in life is a proccess... good thing your learn from it... there's no trader that can stand up and say they having take big lossess during they're trading career or beginning... i hope that today you have double even triple your account.. god bless you
  • #1,174,755
  • Jul 9, 2020 1:15pm Jul 9, 2020 1:15pm
Its not about how much money is circulating away from you.

What matter is how much you are learning and improving your plan to increase the circulation towards you while eliminating the amount flowing out of control away from you!
  • #1,174,756
  • Jul 9, 2020 1:21pm Jul 9, 2020 1:21pm
This is brutal to watch... ZzZzZ It is hard to believe that this week candle could turn red. The 1hr/4hr/daily candle just look so strong... May have to accept defeat here and take my tiny profit. Another blue/red/blue/red daily candle... going to hold this until asia session tonight and will decide. .
Trade what you see, take what the market gives you.
  • #1,174,757
  • Jul 9, 2020 1:24pm Jul 9, 2020 1:24pm
Quoting paogeh
{quote} i trade EU , mainly it;s lowest spread/commision + most info available . *used to trade multi pair in early days , i joined FF since 2007 . EU alone is enough headache. {quote} yeah , in FF, everyone is winners . there is no losers. I;m not ashame to stand out to say i;m one of those losers , where 90% losing $. many of the so-call "expert" here in FF , traded 0.01 lot , and they have the audacity to give advise to others ?! anyway, as long , it's bring back the bacon , it;s a good strategy . *correction ::: lost USD58k was last year Oct...
At some point you must understand that concentrating all your risk in one pair is not the greatest idea. Its good to focus but not just on 1 pair that most often lead to wrong decision since people end up forcing a trade where there is no trade.

Its most important to understand how the best trades are taken

Here is the tip!

The best trades are taken by first looking at the seasonal analysis of the groups

then narrowing down to the pair you will invest in for short term 1-4wks

You can use a good chart like tradingview to understand seasonal analysis better.

Safest trade is always moving in the trend direction of the group

Hence the importance of understanding the group direction!
  • #1,174,758
  • Jul 9, 2020 1:24pm Jul 9, 2020 1:24pm
Quoting DonFF
Its not about how much money is circulating away from you. What matter is how much you are learning and improving your plan to increase the circulation towards you while eliminating the amount flowing out of control away from you!
What do you mean by "circulating away from you"

If that means money that was once yours is no longer yours then that is important.

If you mean missed opportunities...matters also.

Ranking how much they matter... Up for debate
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  • #1,174,759
  • Jul 9, 2020 1:27pm Jul 9, 2020 1:27pm
Quoting VuLe
This is brutal to watch... ZzZzZ It is hard to believe that this week candle could turn red. The 1hr/4hr/daily candle just look so strong... May have to accept defeat here and take my tiny profit. Another blue/red/blue/red daily candle... going to hold this until asia session tonight and will decide. .
If you are going to trade one pair blindly I would say trade AUDUSD

Take a look and see how easy this pair is to trade

It Trends more reliably than EURUSD
  • #1,174,760
  • Edited 1:48pm Jul 9, 2020 1:28pm | Edited 1:48pm
Quoting VuLe
This is brutal to watch... ZzZzZ It is hard to believe that this week candle could turn red. The 1hr/4hr/daily candle just look so strong... May have to accept defeat here and take my tiny profit. Another blue/red/blue/red daily candle... going to hold this until asia session tonight and will decide. .
Mannnnn....

Dude....

Bro.....

Edit: wtf

Quoting VuLe
This is brutal to watch... ZzZzZ It is hard to believe that this week candle could turn red. The 1hr/4hr/daily candle just look so strong... May have to accept defeat here and take my tiny profit. Another blue/red/blue/red daily candle... going to hold this until asia session tonight and will decide. .
Sometimes it's best to lock in "some" profit and re position in your chase for target....


EDIT: Only saying because I have been tracking your post....

Consider taking in some profit when you get good runs....you know...when you get some profit worth taking out....then go back in....wait for a good position to enter back in.....if it keeps dropping be thankful it didn't wipe your pips out....if it keep rising.....wait for a opportunity to get back and don't let your stop loss be greater than the profit you took out.....and be thankful for the pips you got.....missing out on a fews pips is better than losing money

Not saying give up on your target....but take some pips out and get back in....
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