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  • #1,182,741
  • Edited Sep 5, 2020 1:04am Sep 4, 2020 11:34pm | Edited Sep 5, 2020 1:04am
I'm trading .001 on a demo account. Now, did it enhanced your knowledge in trading? Did it helps you improve your skills? How can you use it in developing your own strategy? Did it help you in growing your account? Do you show your dick to the guy next to you when peeing in public restroom? If a trader show you 50 lots, what will say? Oh.. you are showing off, big ego, dickhead embarrassing average traders. But when you cover, trying to be humble, owww.. It's a penny. People always has something to say. Why don't you just think, maybe the guy just doesn't have much money and he doesn't want people to see poor he is trying to survive the toughest, notorious and most brutal market in the world. Why don't you just focus on the entry and exit? The style of his trading and the way he manage his trades when he is under water, and when he is up and in right direction? Maybe you will learn a thing or two.

I tell you what, using .02 on a $50 account is just right and brave. But trading 20lots on a 1M account is stupid.(in my style of trading).
Only an idiot knows with certainty to where the market is going.
  • #1,182,742
  • Sep 5, 2020 1:24am Sep 5, 2020 1:24am
Quoting leashedmode
{quote} So falling knife turned out to be a boomerang after all, short @ the top.. buy @ the bottom = NFP got owned!
May I ask you at what price you bought AU?
  • #1,182,743
  • Sep 5, 2020 1:31am Sep 5, 2020 1:31am
Quoting tradecode
{quote} i really do not understand why people hide/blur out the lots traded amount, especially in the trade explorers. in my opinion, that is one of the most interesting parts of a trade, not just the fact that you are long or short. some traders blur out their lots and then i watch them carefully and i learn that they are trading twenty cents per pip. i just dont get it, i do not understand what there is to hide.
Picture this: you are a sucsessful trader, you post your trades here and your size is visible. Everyone will see everything. For example you make $50 on pips or $500 on pips. Now imagine how many traders will ask you so many questions, how many letters you will receive. Every new user will be asking to teach him, some will ask you to trade their money, etc. You won't have time to trade because of them.
  • #1,182,744
  • Sep 5, 2020 2:22am Sep 5, 2020 2:22am
Quoting bigiivan
{quote} May I ask you at what price you bought AU?

AU at first I bought 0.7270, then after I saw some solid rejection from down below 0.7240 I added a long there again.. as it climbed I closed my 0.7270 position in 20 pips @ 0.7290 and now using those 20 pips for SL below the lows @ 0.7220 for my 0.7240 position. Targeting the highs around 0.7400 and maybe even further up around 0.7500-0.7550 for half of the position after 0.7400
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,182,745
  • Sep 5, 2020 2:52am Sep 5, 2020 2:52am
Quoting suthmo
If a fifth wave nears the upper trend line and volume is declining this is an indication that the waves end will fall short of the upper trend line. Throw overs are occasionally proceeded by "Throw Under" by wave 6 final end point, they're confirmed by their immediate reversal below the trend line. Trend line already double dipped. {image} {image}
Hi suthmo! I hope You're doing great.

Please, can you explain how do you really use the volume indicator? In overall you said that the volume is decreasing; but we know that this huge volume was caused by news, it wasn't a "normal" day, so it's pretty normal that in overall we see a decreasing volume after such events (I guess); and from the peak you marked I could say the price has gone up and down, but is still going a lazily up, so isn't the volume going down while price going up? What does it means?

Sorry for not putting it in your "waves language". I'm just a guy who is still learning, I hope you help me!

Peace & Love!
Peace & Love!
  • #1,182,746
  • Sep 5, 2020 4:14am Sep 5, 2020 4:14am
Quoting leashedmode
{quote} AU at first I bought 0.7270, then after I saw some solid rejection from down below 0.7240 I added a long there again.. as it climbed I closed my 0.7270 position in 20 pips @ 0.7290 and now using those 20 pips for SL below the lows @ 0.7220 for my 0.7240 position. Targeting the highs around 0.7400 and maybe even further up around 0.7500-0.7550 for half of the position after 0.7400
Then if you are closing now (monday) you are about 40 pips in profit. Nice!
Wish you luck with your trade!
  • #1,182,747
  • Sep 5, 2020 4:44am Sep 5, 2020 4:44am
Quoting leashedmode
{quote} AU at first I bought 0.7270, then after I saw some solid rejection from down below 0.7240 I added a long there again.. as it climbed I closed my 0.7270 position in 20 pips @ 0.7290 and now using those 20 pips for SL below the lows @ 0.7220 for my 0.7240 position. Targeting the highs around 0.7400 and maybe even further up around 0.7500-0.7550 for half of the position after 0.7400
so you expect the SP500 to make all its gains from last week?
  • #1,182,748
  • Sep 5, 2020 5:42am Sep 5, 2020 5:42am
Quoting mistaouting
{quote} Interesting is one thing and constructive is another. Looking at person order size WANT help you learn technical or fundamental analysis. Maybe risk management but then that's not the same for everyone. Amd that's what you should ask opposed to order sizes, something like what's your RR not stop blurring out your order size. Let's be honest people asking to see someone orders is because they are nosey or wanting to size up the other individual or a creep. What category do you fall in? Reminds me of this movie when this guy would use fake...
i really dont care about lot sizes. when i first started i was ashamed to show my small lots, guess what, i still trade small lots and making living out of it of course on trades im the most confident i put bigger lot on, but overall still trade .05-.50 on average
  • #1,182,749
  • Sep 5, 2020 6:02am Sep 5, 2020 6:02am
Hello Traders .... I'm a beginner and I need you guys help .... Anyone wanna help?? Please....
Thanks in advance.
  • #1,182,750
  • Sep 5, 2020 6:05am Sep 5, 2020 6:05am
Quoting bigiivan
{quote} Then if you are closing now (monday) you are about 40 pips in profit. Nice! Wish you luck with your trade!

Thanks man, wasn't looking at the AU.. but tech dropped a sweet call on it so I jumped in too because it's in a solid uptrend.. even if it drops I expect 0.7200-0.7190 to hold and push the price back up. USD is weak and I have a feeling it will stay that way for another 2 months.
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,182,751
  • Sep 5, 2020 6:07am Sep 5, 2020 6:07am
Quoting krst8
{quote} so you expect the SP500 to make all its gains from last week?

Not sure, don't trade it.. but there's good rejection from below so SPX 'may' hit 3500 again before going in either direction.. I may be wrong.
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,182,752
  • Edited 7:33am Sep 5, 2020 7:09am | Edited 7:33am
COT reports.

Looking at EURUSD, the change -11,194 that took off their long positions, we can see it on the 4 hr chart. You can see where red arrow is, where sell orders were placed supply zone and price went down.

I understand that a lot of traders will ask how do you know when to enter sell positions. Well there is supply zone, or if you are price action traders you will be able to see where price is resisting at 1.2010, and you can make your decision if you want to sell.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURUSDH4.png Size: 37 KB
  • #1,182,753
  • Sep 5, 2020 8:03am Sep 5, 2020 8:03am
Quoting leashedmode
{quote} Not sure, don't trade it.. but there's good rejection from below so SPX 'may' hit 3500 again before going in either direction.. I may be wrong.

AUD is following along the sp500 pretty accurate lately. My point beeing just that last friday rejection on sp500 was a pip perfect rejection on fib levels, ao expecting it to go down again... to many buyers on Friday evening...
  • #1,182,754
  • Sep 5, 2020 8:07am Sep 5, 2020 8:07am
Quoting Lamira
{quote} i really dont care about lot sizes. when i first started i was ashamed to show my small lots, guess what, i still trade small lots and making living out of it of course on trades im the most confident i put bigger lot on, but overall still trade .05-.50 on average
Good for you; keep up the good work.

How many trd you close per day?

Edit:. What pair do you primarily trd or trd the most
LOCK IN RE-ENTER
  • #1,182,755
  • Sep 5, 2020 8:55am Sep 5, 2020 8:55am
Also another comment to the traders, who are itching for other traders to show them trade explorer and see their wins and losses is pathetic. It is like asking an engineer, or accountant, "let me see your bank account, or paycheck". Unless a trader is offering a strategy that they charge, for sure they need to show consistency in earning so they can show to everyone, look my strategy works, there it is. Other than that, DO NOT SHOW YOUR WINS OR LOSSES TO ANYONE. You don't own anything to anyone, especially to rookie traders, who blew their account many times, and they come here demanding for everyone to show their bank account. No you will not see my trade explorer, you will not see my wins or losses. If you want to test the strategy, do it yourself, everything is shared here for FREE, do it yourself, you lazy, spoiled people.
  • #1,182,756
  • Sep 5, 2020 9:00am Sep 5, 2020 9:00am
i think it is likely that a stronger trend will start heading north.
so i trust the good probability and i will open a long position next week.
h1-h4
  • #1,182,757
  • Sep 5, 2020 9:03am Sep 5, 2020 9:03am
Quoting leashedmode
{quote} Thanks man, wasn't looking at the AU.. but tech dropped a sweet call on it so I jumped in too because it's in a solid uptrend.. even if it drops I expect 0.7200-0.7190 to hold and push the price back up. USD is weak and I have a feeling it will stay that way for another 2 months.
Interesting strategy! Uptrend and weak dollar. Looks simple. I hope it brings you pips!
  • #1,182,758
  • Sep 5, 2020 9:06am Sep 5, 2020 9:06am
Quoting krst8
{quote} AUD is following along the sp500 pretty accurate lately. My point beeing just that last friday rejection on sp500 was a pip perfect rejection on fib levels, ao expecting it to go down again... to many buyers on Friday evening...

Very much possible!
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,182,759
  • Sep 5, 2020 9:27am Sep 5, 2020 9:27am
Quoting Techanalyst
Also another comment to the traders, who are itching for other traders to show them trade explorer and see their wins and losses is pathetic. It is like asking an engineer, or accountant, "let me see your bank account, or paycheck". Unless a trader is offering a strategy that they charge, for sure they need to show consistency in earning so they can show to everyone, look my strategy works, there it is. Other than that, DO NOT SHOW YOUR WINS OR LOSSES TO ANYONE. You don't own anything to anyone, especially to rookie traders, who blew their account...
I agree with what you've said... But I still think you could have said it in a little bit smooth way.


Peace & Love!
Peace & Love!
  • #1,182,760
  • Sep 5, 2020 9:43am Sep 5, 2020 9:43am
Quoting mistaouting
{quote} Good for you; keep up the good work. How many trd you close per day? Edit:. What pair do you primarily trd or trd the most
now... almost 7 years later, I realized cherry picked trade of 15-20 pips in and out is all I need. one or two times per week(sometimes more if market looks good, sometimes nothing if im not so confident with market) i quit my day job completely on beginning of summer and thought I can trade more due to more free time. but I was wrong. 1-3 cherry picked trades per week 15-20 pip , everything else is bonus. practice demo for lil scalps, sometimes on real with small lots. I quit long term trading about 2 years ago, noticed it got not profitable enough lately. its a scalpers time in forex market) focus mostly EURUSD. it's pretty much only one I trade. but of course keeping an eye on other majors
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