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EURUSD

  • #1,183,781
  • Sep 11, 2020 10:59am Sep 11, 2020 10:59am
Quoting here2there
Resist Drama. Stay focused; focus on trading.

You do your thing man. Rinse, repeat
its just a script. join the club
  • #1,183,782
  • Sep 11, 2020 11:02am Sep 11, 2020 11:02am
the situation with eur is strange channel h1 goes up-target -i dont know,but channel h4 go strong down- and 1.17300 can see.what direction eur does -the question
  • #1,183,783
  • Sep 11, 2020 11:55am Sep 11, 2020 11:55am
Quoting tradecode
this is an example of a very bad equity curve. {image}
If this teaches you anything then congrats

Attached Image (click to enlarge)
Click to Enlarge Name: equitygrowth.PNG Size: 33 KB
its just a script. join the club
  • #1,183,784
  • Sep 11, 2020 12:01pm Sep 11, 2020 12:01pm
I think I need to make it a rule to not trade on Friday. It seems Friday is a bad day for trading.
Learn from your mistakes and march on.
  • #1,183,785
  • Sep 11, 2020 12:13pm Sep 11, 2020 12:13pm
Quoting mistaouting
{quote} I seem to remember you saying you didn't use channels or use them much and that you found that image interesting and would look into it ( dont see the post I remember you saying that)...was wondering if you did and showing how several days later price action is still respecting the channel...however i did think it was a breakout the other day {image}8/31 now 9/11 {image}
Honestly I have saw it but was expecting euro ecb to drop and break the channel but it didnt.
my play out was all ruined so I just try to adapt and short what I see on the market.
but your channel is great. As long as it dont break, seems like a bounce. Maybe next week’s fomc will give us a better breakout??
Trade what you see, take what the market gives you.
  • #1,183,786
  • Sep 11, 2020 12:15pm Sep 11, 2020 12:15pm
Quoting VuLe
{quote} Honestly I have saw it but was expecting euro ecb to drop and break the channel but it didnt. my play out was all ruined so I just try to adapt and short what I see on the market. but your channel is great. As long as it dont break, seems like a bounce. Maybe next week’s fomc will give us a better breakout??
Wish I knew..like you said before or someone else said "trade what you see"
LOCK IN RE-ENTER
  • #1,183,787
  • Sep 11, 2020 1:27pm Sep 11, 2020 1:27pm
Quoting here2there
I think I need to make it a rule to not trade on Friday. It seems Friday is a bad day for trading.
That's why some call it FRYday
  • #1,183,788
  • Sep 11, 2020 1:30pm Sep 11, 2020 1:30pm
It was a good week. I saw first 2 winning trades by one trader for last 3 weeks. I am satisfied. It is time for rest.
Green pips to all!
  • #1,183,789
  • Sep 11, 2020 1:42pm Sep 11, 2020 1:42pm
Going to hold my trades over the weekend. Im a gap addict lol.
Trade what you see, take what the market gives you.
  • #1,183,790
  • Sep 11, 2020 1:57pm Sep 11, 2020 1:57pm
Quoting Dzap
Bears took control at last peak Today isn't worth many trades {image}
holy shits.....that picture alone need a whole separate thread
  • #1,183,791
  • Sep 11, 2020 1:59pm Sep 11, 2020 1:59pm
Quoting tradecode
this is an example of a very bad equity curve. {image}
scarier than horror story
  • #1,183,792
  • Sep 11, 2020 2:48pm Sep 11, 2020 2:48pm
Quoting leashedmode
{quote} And another long on the trendline I have been waiting for @ 1.1820, let's see.. {image}
Waiting to see how this unfolds next week. Booked 20 pips only on the longs, but one a little below 1.1820 still running, decided to give it these 20 pips so as long as 1.1800 doesn't break well enough, my position stays intact. Let's see next week. Great weekend to everyone !
Attached Image (click to enlarge)
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Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,183,793
  • Sep 11, 2020 2:51pm Sep 11, 2020 2:51pm
Quoting leashedmode
{quote} Waiting to see how this unfolds next week. Booked 20 pips only on the longs, but one a little below 1.1820 still running, decided to give it these 20 pips so as long as 1.1800 doesn't break well enough, my position stays intact. Let's see next week. Great weekend to everyone ! {image}
Attached Image (click to enlarge)
Click to Enlarge Name: cT_cs_1044017_EURUSD_2020-09-12_00-51-28.png Size: 213 KB
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,183,794
  • Sep 11, 2020 3:41pm Sep 11, 2020 3:41pm
Quoting VuLe
{quote} ... then paid my first option trade $570 bc Indid not know you can exit prior to expiration date.
There are two types of options: European and American. In American options, you can exit any time, but then premiums are a bit higher than European options.

Quoting VuLe
{quote} seems on forex if I trade 1 lot, that is about 2.2k which can net about $700 on a 70pip catch.. option risk on full week of tesla is about 2.2k and gradually decrease as days of expiration becomes less. Like today I did 1 day option which expires tmr for risk of only 1.2k.. and currently hold positive 2.3k on that contract. Seems like option trading net a bigger amount of return. But you have to know if that week runs aggressively or not as well. Kind of like predicting exact movement of that week.
As a US resident, if you are looking for lesser margins/higher leverage, you may take a look at Indices futures. There are some good American futures brokers, you can day trade 1 contract of NQ100 (Tech Index NASDAQ 100) for a margin of $1000. 1 point move is $20. (1 tick is $5, 1 point is 4 ticks). These days it moves at least 200 points a day.

There is also YM (DOW 30 index): Day margin for 1 contract is $500. 1 point move is $5. It easily moves around 400 points a day.

There are also mini contracts for the above, which are 1/10th of that size.

Always remember that leverage is a double edged sword. If a trader is confident in his/her trading skills, leverage can be creatively used to grow a smaller account in a faster pace and then cut back the leverage once the account reaches a certain amount.
  • #1,183,795
  • Sep 11, 2020 3:50pm Sep 11, 2020 3:50pm
EU still has unfinished business below. So any fly high is a good opportunity to shot it down.
Dont be fool by the newbie badge....older here...older in the biz.
  • #1,183,796
  • Sep 11, 2020 4:01pm Sep 11, 2020 4:01pm
Stuck in long for weekend.
LOCK IN RE-ENTER
  • #1,183,797
  • Sep 11, 2020 4:05pm Sep 11, 2020 4:05pm
Next week EU revisit to 1.13 wont come as a surprise...Have a nice weekend all.
Dont be fool by the newbie badge....older here...older in the biz.
  • #1,183,798
  • Sep 11, 2020 4:25pm Sep 11, 2020 4:25pm
Attached Image (click to enlarge)
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  • #1,183,799
  • Sep 11, 2020 4:53pm Sep 11, 2020 4:53pm
Quoting MrBullBear
{quote} Again, what would you learn if we do that?
With all due respect, IMHO, observing a trader nailing the market with much bigger lot sizes, can give a great hope to many traders that are struggling, can inspire traders to keep improving to reach to higher levels. It can help with improving trading psychology.. No wonder, Market wizards book series is a such a great source of trading wisdom.

Of course, it is up to a trader to reveal his lot size / account size and I fully respect his/her decision.

There are countless forums/websites, where in traders keep discussing about entries/exists, number of pips etc. Which is good, things can be learnt from a different view/perspective.

I keep receiving several emails/newsletters a week/month that says: +479 pips this week; +2600 pips this month etc. Some of them have great analysis, but I wonder, if they really trade their own calls with substantial lot sizes, if yes, they would not have much need to sell their trade signal subscriptions.

Few days ago, you mentioned about a certain trader that he trades really big size. I started reading his posts to see if I can learn a thing or two about trade execution/management in dealing with order fills/slippages etc. His technical analysis seemed great. Today he posted a pic of his trading results with size. He did not even mention its a demo account! I think, a couple of thread followers believed its a real account (Two years ago, i would have also believed its a real account). As a trader who traded substantial lot sizes, it did not take more than 30 seconds for me to know that it was a pic of a demo account . I know it from the way his every trade with maximum lot size got filled with no slippage at all between TP and fill price. In fact, if one looks at that pic with a bit of focus, one can read "DEMO" (bottom part DEMO) at the top of the pic he posted.

Well, that trader may be copying exact trades in his live account, but I am sure, profitability differs in his live account to the downside, if trade sizes are same in his live account. And after seeing today's pic of his trades, I am not sure if he trades big sizes in a real trading account! Anyway, one thing is for sure, he does seem to have acquired amazing skills at reading charts.
  • #1,183,800
  • Sep 11, 2020 6:50pm Sep 11, 2020 6:50pm
Quoting srby
{quote} With all due respect, IMHO, observing a trader nailing the market with much bigger lot sizes, can give a great hope to many traders that are struggling, can inspire traders to keep improving to reach to higher levels. It can help with improving trading psychology.. No wonder, Market wizards book series is a such a great source of trading wisdom. Of course, it is up to a trader to reveal his lot size / account size and I fully respect his/her decision. There are countless forums/websites, where in traders keep discussing about entries/exists,...
No lot sizes will give new or struggling traders any hope. If anything, itll give them false hope. They will try to make a lot of money with bigger lots and small size account like $1000, and they will end up burning. Ive been there years ago and im talking from experience. You should never and i mean NEVER, show your account to anyone UNLESS, you are offering some kind of services and you need to prove it that your services are profitable. I have a lot of money in my trading account and real estates. There are rookies here ITCHING big time to see it, calling me liars and so on. I will not show my account to anyone. I share charts and entries and exits with SL and TP day to day. If you want to see if it works, take my sharing into consideration and test the strategy.


As for rookies here calling me names, well who cares. That is all they are and they will never be full time traders. They eventually fade away from here and never comeback to FF. Instead of trying to learn they criticize experienced traders. But like i said, Ive accomplished a lot for me and family, and im very proud of it. Let the rookies eat their nerves out with unsuccessful trading. They will eventually, go back to their other jobs and work there until retirement.
Rookies need to appreciate that there are a lot of us successful retail traders that are sharing info for free. So rookies need to be thankful and appreciate that we are taking the time and effort to share that info for free. So who cares if the criticize, that is what failures and losers do.
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