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  • #1,181,281
  • Aug 28, 2020 3:21pm Aug 28, 2020 3:21pm
Quoting krst8
{quote} thanks. Ok, understand situational as always. My greatest weakness is scaling into losers and scaling out of winners. I still make profits but very poor overall. As you said, trade what you see and not what you belive... i see this little as one of the larger “nuts” to break in my trading, basically adding to winners and scaling out loosers.. so easy to say but stuck in a bad cycle...
It should be lose some, win more. I say win more is adding position when you are right. You see in my posting I keep adding orders when im right. And when Im wrong, just one or 2 orders but one is safe at BE as I add.

The key is, to minimize your losses when you are wrong, and maximizing your profit when you are right.

In some market conditions, I am wrong many times but not bothered. 'Coz my next strike, i will get it all back.
Only an idiot knows with certainty to where the market is going.
  • #1,181,282
  • Aug 28, 2020 3:30pm Aug 28, 2020 3:30pm
Quoting MugzyPips
{quote} I run into this same situation so often too. For example, i'll think that the price is going up so i'll place a small buy. Then it will drop a bit and i'll think to myself "just coiling lower so it can blast up, i should buy more here"... drops further and i notice "hey look it's getting pretty close to this *random support level from random amount of time back*, i should buy more! Then inevitably i get close to my SL and have to decide if i let it hit the SL and take a big loss, or move my SL further down below *Next random Support level*....

that would be dangerous... here is a scenario.

the guy refuses to take his lost against the trend and now prob in bigger negative. I recommend him to take a lost and go long yesterday at 7258 (double up his long) but not sure if he listened

Im not sure what his levels are but let me give you an example. Let say if you buy at .7200 and also a sell stuck in 7100... aud went up 100pips you believe your target it will be .7300.. you exit and “what if au continues to go UP” and up and up... as you can see au been going up since .5500....

you have to learn to take loss.

NOW IF you are like NUNIX who have 2 account and saw that au will be heading up and decides to do one account long term buy and another for intraday.. that is different.

but your situation is that you are intraday trading so if you catch the wrong side of a trend that keeps going up or keeps going down... you’d take a bigger hit.
Attached Image (click to enlarge)
Click to Enlarge Name: ABA9D912-108C-4A4E-890D-F78F521C8EFE.png Size: 977 KB
Trade what you see, take what the market gives you.
  • #1,181,283
  • Aug 28, 2020 3:52pm Aug 28, 2020 3:52pm
Quoting MugzyPips
{quote} I run into this same situation so often too. For example, i'll think that the price is going up so i'll place a small buy. Then it will drop a bit and i'll think to myself "just coiling lower so it can blast up, i should buy more here"... drops further and i notice "hey look it's getting pretty close to this *random support level from random amount of time back*, i should buy more! Then inevitably i get close to my SL and have to decide if i let it hit the SL and take a big loss, or move my SL further down below *Next random Support level*....
Please don't try it. I have tried it several time and I discovered that the one that I didn't close will eventually go unprofitable. The best thing is to close it as soon as you realize it has gone against you. Take your time to see the price action before you place another one. Be the best.
  • #1,181,284
  • Aug 28, 2020 11:19pm Aug 28, 2020 11:19pm
Quoting mistaouting
Look at the times on phone and the amount of filled orders compared to other {image}{image}
Hi is 2900++% is the profit for a day?
  • #1,181,285
  • Aug 29, 2020 8:03am Aug 29, 2020 8:03am
COT reports: NON-COMMERCIAL longs are 262,061 and added 2,817 more long positions.
Short are 50,309 and took off -11,992 of their sell positions.
Nothing much to say, EURUSD remains bullish.

Trade safe.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDMonthly.png Size: 98 KB
Click to Enlarge Name: COT1.png Size: 24 KB
  • #1,181,286
  • Aug 29, 2020 8:25am Aug 29, 2020 8:25am
Quoting Techanalyst
COT reports: NON-COMMERCIAL longs are 262,061 and added 2,817 more long positions. Short are 50,309 and took off -11,992 of their sell positions. Nothing much to say, EURUSD remains bullish. Trade safe. {image} {image}
wouldn't that be too easy?
  • #1,181,287
  • Edited 8:39am Aug 29, 2020 8:29am | Edited 8:39am
Quoting mmassad
{quote} wouldn't that be too easy?
Do you understand how institutions trade supply/demand imbalances, and how to properly take COT reports into consideration?

Here is a bit of example. You can do everything else on your own like I did, learn it and find it yourself.

https://www.cftc.gov/MarketReports/C...able/index.htm this is historical view go down to chicago mercantile exchange and click short format. Take a look from May, every date to latest August. Look at the COT numbers. You will eventually understand. Take a look at monthly chart and you study it. You don't get this just from reading one post. It takes some work to learn how to trade and spot institutions levels. So before you call it "easy" try it yourself and let's see how you do.
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  • #1,181,288
  • Aug 29, 2020 9:26am Aug 29, 2020 9:26am
Quoting Techanalyst
{quote} Do you understand how institutions trade supply/demand imbalances, and how to properly take COT reports into consideration? Here is a bit of example. You can do everything else on your own like I did, learn it and find it yourself. https://www.cftc.gov/MarketReports/C...able/index.htm this is historical view go down to chicago mercantile exchange and click short format. Take a look from May, every date to latest August. Look at the COT numbers. You will eventually understand. Take a look at monthly...
Will have a look bro. It was not a confrontation question... it was a question.

Thanks!
  • #1,181,289
  • Aug 29, 2020 11:38am Aug 29, 2020 11:38am
Quoting mmassad
{quote} Will have a look bro. It was not a confrontation question... it was a question. Thanks!
i asked him a question about these numbers and he called me a beginner and he told me to go cry to my mommy.

  • #1,181,290
  • Aug 29, 2020 12:22pm Aug 29, 2020 12:22pm
Quoting tradecode
{quote} i asked him a question about these numbers and he called me a beginner and he told me to go cry to my mommy.
You're still here crying. Go and learn it yourself like I do. Get off your lazy behind and put yourself to work. You think it is going to be handed to you on a platter, while you sit there and do nothing. I gave you plenty of information. The rest you can find it online. It is all there, you're just lazy to search it. Yes I am telling you again go cry to mommy you are lazy.
  • #1,181,291
  • Aug 29, 2020 12:25pm Aug 29, 2020 12:25pm
Quoting tradecode
{quote} i asked him a question about these numbers and he called me a beginner and he told me to go cry to my mommy.
dont take it personally. I think it is a lot of explanation that he doesnt have time for... only enough to share reports. I remember when someone wanted me to teach them about trading and was not as dedicated and when I was talking about support/resistant/indicators/pips etc.... he wanted me to explain the definition as well. I lost my patience and told him, I dont have time to teach it down to the core. If you want, show me that you are dedicated by studying the basic and we together can analyze the chart.

bc I still see Tech sharing these reports... so if you really really really want to understand, try put out some effort to learn what it is first rather than wait for answers every time.


dont let those extra word be the reason to trigger you. Train your patient. If you cant handle some of his words, you wont be able to handle your loss in the market. Keep composer and look at the bigger picture and the message. Filter out those mommy words. You’re to busy on the negative words than the positive. “From what I read, he shared reports and said go learn it.”

that is his personality. You cant expect him to he a different person who is kind. Just learn to adapt and accept him. He is not bad at all, just pretty much put up with the people who just ask questions like “do I sell here?”
Trade what you see, take what the market gives you.
  • #1,181,292
  • Aug 29, 2020 12:28pm Aug 29, 2020 12:28pm
Quoting Techanalyst
{quote} You're still here crying. Go and learn it yourself like I do. Get off your lazy behind and put yourself to work. You think it is going to be handed to you on a platter, while you sit there and do nothing. I gave you plenty of information. The rest you can find it online. It is all there, you're just lazy to search it. Yes I am telling you again go cry to mommy you are lazy.
it is unprofessional to say anything about someone's mother.

extremely unprofessional.

i asked how do you know that these numbers are legit and accurate and you called me a beginner and told me to go cry to my mommy.

if these numbers were really valid, you would have ten thousand traders following your words.
  • #1,181,293
  • Aug 29, 2020 12:31pm Aug 29, 2020 12:31pm
Quoting tradecode
{quote} it is unprofessional to say anything about someone's mother. extremely unprofessional.
again... you too focus on negative word. If it ain’t true, dont let it bother you. Again... if you are not lazy.. go learn it... it actually costs tens of thousands of dollars to get these sort of information. You finding it on here is pretty free but requires researching. Either you put out the money... or you put out the time...
Trade what you see, take what the market gives you.
  • #1,181,294
  • Aug 29, 2020 12:43pm Aug 29, 2020 12:43pm
Unusual spread...
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Only an idiot knows with certainty to where the market is going.
  • #1,181,295
  • Aug 29, 2020 12:45pm Aug 29, 2020 12:45pm
Quoting tradecode
{quote} it is unprofessional to say anything about someone's mother. extremely unprofessional. i asked how do you know that these numbers are legit and accurate and you called me a beginner and told me to go cry to my mommy. if these numbers were really valid, you would have ten thousand traders following your words.
I did not say say nothing bad about your mother. I said go cry to mommy. Go back and read why I started talking to you like this. You are lazy and you ask stupid questions. I explained everything to you, and you are still asking same questions. Go find it yourself since you are so smart. I do not need anyone to follow me. People are welcome to follow if they want to. Those who understand and know, and are hard workers will learn to read COT numbers combining it with supply/demand analysis. Those that don't want to, can find other strategy that they like. You on the other hand, are a person that is never EVER going to be a full time trader with that attitude and laziness. Start by not being lazy, don't expect anything to be hand it to you on the platter, start doing your research, and you will get somewhere in trading. Instead of writing a comment saying that if these numbers were good a lot of people would follow me. What a stupid idiotic thing to say. Find something else that you want to trade, or go and find someone else and ask same questions, over and over and over again. If you don't understand it after I explained to you, well most likely you never will understand it. You are lazy.
  • #1,181,296
  • Aug 29, 2020 12:46pm Aug 29, 2020 12:46pm
Quoting VuLe
{quote} again... you too focus on negative word. If it ain’t true, dont let it bother you. Again... if you are not lazy.. go learn it... it actually costs tens of thousands of dollars to get these sort of information. You finding it on here is pretty free but requires researching. Either you put out the money... or you put out the time...
Who cares Vule, don't be polite to lazy people like him. He is lazy and wants Holy Grail right here, not going to happen. Lazy people too comfortable in their mommy and daddy house, think they have it all figure it out. Spoiled lazy people. When you tell them how it is, they get offended. Good let them get offended, give them a reality check.
  • #1,181,297
  • Aug 29, 2020 12:49pm Aug 29, 2020 12:49pm
Quoting mmassad
{quote} Will have a look bro. It was not a confrontation question... it was a question. Thanks!
True, I apologize. If you have any questions something you don't get. Just ask I will try to explain it the best way I can.
  • #1,181,298
  • Aug 29, 2020 1:20pm Aug 29, 2020 1:20pm
Quoting Techanalyst
{quote} Who cares Vule, don't be polite to lazy people like him. He is lazy and wants Holy Grail right here, not going to happen. Lazy people too comfortable in their mommy and daddy house, think they have it all figure it out. Spoiled lazy people. When you tell them how it is, they get offended. Good let them get offended, give them a reality check.

it is not that. I was once like him. Only want answers given. In this world, the education system is messed up. It sets your brain to follow direction and wait to be given orders. Working like robot. I only motivate these people and help them expose their inner vision.
Not everyone was given opportunities like us. So for them to find us on Forex is a good place to start and what is left is up to them.
Trade what you see, take what the market gives you.
  • #1,181,299
  • Aug 29, 2020 1:38pm Aug 29, 2020 1:38pm
Quoting MrBullBear
Unusual spread... {image}
I think thats normal.. as long as Im positive xD... I have strong sense a gap heading north at 1.1960 double top... but I want to GAMBLE, I mean INVEST.. trades like this, I don’t share because its risky ). This is my kind of gamble. If open north I can short another one. But I see a couple of 1.1850 area spurt out on Friday... and it coincide with my bb. XD.

I do like to share most of my trades. Win or lose will be shown on here. I try to share ahead of time. So you guys wont think I show wins only
Attached Image
Trade what you see, take what the market gives you.
  • #1,181,300
  • Aug 29, 2020 1:49pm Aug 29, 2020 1:49pm
Quoting VuLe
{quote} I think thats normal.. as long as Im positive xD... I have strong sense a gap heading north at 1.1960 double top... but I want to GAMBLE, I mean INVEST.. trades like this, I don’t share because its risky ). This is my kind of gamble. If open north I can short another one. But I see a couple of 1.1850 area spurt out on Friday... and it coincide with my bb. XD. I do like to share most of my trades. Win or lose will be shown on here. I try to share ahead of time. So you guys wont think I show wins only {image}
If you have a strong sense of a gap up and seeing a double top @1960, then why are you short?
Only an idiot knows with certainty to where the market is going.
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