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EURUSD

  • #1,184,421
  • Sep 17, 2020 2:02am Sep 17, 2020 2:02am
Quoting kiaan
New Member here Want to learn Last 2 account blown out Can anyone guide where to start??
10 years of loss and learning are in front of you. No matter where you start for now.
Good luck for your journey
  • #1,184,422
  • Sep 17, 2020 2:36am Sep 17, 2020 2:36am
Quoting 4experience
sell limit 1806
How do you find this levels ??
Learner
  • #1,184,423
  • Sep 17, 2020 2:36am Sep 17, 2020 2:36am
Quoting kiaan
{quote} Thanks atleast you gave advice I am using all tools like moving average still everytime I enter Market goes against me Only today with this new account my Trade was correct

  1. categorize indicators based on their properties
  2. never use two indicators of the same property together

this is the biggest mistake traders make and keep scratching their heads till they go bald

find indicators based on

 

  1. trend following
  2. momentum following
  3. volatility

identify lagging [ depends on history ] and non lagging [ predicts future ]

and for the love of god, avoid getting bald

feel free to invite me to your forum, if you have any
  • #1,184,424
  • Sep 17, 2020 2:38am Sep 17, 2020 2:38am
Quoting JungleLionFx
{quote} categorize indicators based on their properties never use two indicators of the same property together this is the biggest mistake traders make and keep scratching their heads till they go bald find indicators based on trend following momentum following volatility identify lagging [ depends on history ] and non lagging [ predicts future ] and for the love of god, avoid getting bald
Yes seems nice advice will definitely follow
Also are you Saif Ali Khan ??
Learner
  • #1,184,425
  • Sep 17, 2020 2:40am Sep 17, 2020 2:40am
Quoting JungleLionFx
{quote} categorize indicators based on their properties never use two indicators of the same property together this is the biggest mistake traders make and keep scratching their heads till they go bald find indicators based on trend following momentum following volatility identify lagging [ depends on history ] and non lagging [ predicts future ] and for the love of god, avoid getting bald
this chart has two indicators

  1. one lagging
  2. and one future predicting

if i use moving average with it, i am 100% sure to go bald

also choose your indicators based on the TF you wish to trade on , all indicators have different properties and they are not suited for different TF

Attached Image
feel free to invite me to your forum, if you have any
  • #1,184,426
  • Sep 17, 2020 2:40am Sep 17, 2020 2:40am
Quoting mistaouting
{quote} thought you closed out the 1902 {quote} Don't how you got back that 1902 but your holding an awesome position ...i think 1902 is safe now EDIT: Vule what kinda magic are you working! Either way...your getting bank on that trade! Keep up the good work! EDIT: I remember you holding a positon and you not coming back saying you closed it...because when price was going up i was wondering if you were still holding...guess I think about you more than i should but didn't know you were holding from 1902 WOW

.... here is where it goes back down.
aside from that... Tesla just dropped to 420... I should he holding 2k right now on my 1.4k risk.
hopefully we’ll see a bigger dip on tesla.

will hold out bc I want a correction now lol.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 81CF32B5-BE43-41B7-9854-BA418AB04C9B.png Size: 832 KB
Click to Enlarge Name: F23E5729-DA8D-479E-BE6C-2839AF893F4D.png Size: 4.2 MB
Trade what you see, take what the market gives you.
  • #1,184,427
  • Sep 17, 2020 2:43am Sep 17, 2020 2:43am
Quoting pgidia
{quote} All thanks to Vule
it is all you from here on out! Give yourself some credit! I only shared but you take the trades yourself! I hope you master bb better than me and help give back to the community in my place. My english is horrible so my explanation may be hard to understand.
Trade what you see, take what the market gives you.
  • #1,184,428
  • Sep 17, 2020 2:45am Sep 17, 2020 2:45am
Quoting VuLe
{quote} it is all you from here on out! Give yourself some credit! I only shared but you take the trades yourself! I hope you master bb better than me and help give back to the community in my place. My english is horrible so my explanation may be hard to understand.
Followed Tesla advice
Made money in that also
PaRaM
  • #1,184,429
  • Sep 17, 2020 2:47am Sep 17, 2020 2:47am
Quoting JungleLionFx
{quote} this chart has two indicators one lagging and one future predicting if i use moving average with it, i am 100% sure to go bald also choose your indicators based on the TF you wish to trade on , all indicators have different properties and they are not suited for different TF {image}
You have perfect setup of PaitenceFx
Missing his contribution

yesterday your target was spot on
PaRaM
  • #1,184,430
  • Sep 17, 2020 2:49am Sep 17, 2020 2:49am
Quoting JungleLionFx
{quote} this chart has two indicators one lagging and one future predicting if i use moving average with it, i am 100% sure to go bald also choose your indicators based on the TF you wish to trade on , all indicators have different properties and they are not suited for different TF {image}
You had buy at 1758 level with your future prediction

Are you targetting Pivot Point ??
PaRaM
  • #1,184,431
  • Sep 17, 2020 2:50am Sep 17, 2020 2:50am
Quoting 4experience
sell limit 1806
Mine 1813 sell limit
PaRaM
  • #1,184,432
  • Sep 17, 2020 2:51am Sep 17, 2020 2:51am
Quoting pgidia
{quote} Followed Tesla advice Made money in that also
careful for 420 though.. I am learning about quad witching day which mean big sell off because a lot of option expires this week. It could go further down but I may be on sideline and wait to short on battery day(my risk/ going against all these hype)
Trade what you see, take what the market gives you.
  • #1,184,433
  • Sep 17, 2020 2:52am Sep 17, 2020 2:52am
Quoting pgidia
{quote} You have perfect setup of PaitenceFx Missing his contribution yesterday your target was spot on
he is my cousin and mentor
feel free to invite me to your forum, if you have any
  • #1,184,434
  • Sep 17, 2020 2:56am Sep 17, 2020 2:56am
Quoting pgidia
{quote} You had buy at 1758 level with your future prediction Are you targetting Pivot Point ??
on chart on that TF market is very bearish, so i cannot aim for stars ; i have to be humble
feel free to invite me to your forum, if you have any
  • #1,184,435
  • Sep 17, 2020 2:59am Sep 17, 2020 2:59am
Quoting JungleLionFx
{quote} this chart has two indicators one lagging and one future predicting if i use moving average with it, i am 100% sure to go bald also choose your indicators based on the TF you wish to trade on , all indicators have different properties and they are not suited for different TF {image}
booked all longs
feel free to invite me to your forum, if you have any
  • #1,184,436
  • Sep 17, 2020 3:18am Sep 17, 2020 3:18am
Quoting 4experience
sell limit 1806
1804 sold

patience is not my first strength... not even second
  • #1,184,437
  • Sep 17, 2020 3:31am Sep 17, 2020 3:31am
waiting for eur inflation report for guidance on next trade

considering covid and supply chain disruptions [if any] it may be higher
feel free to invite me to your forum, if you have any
  • #1,184,438
  • Sep 17, 2020 3:39am Sep 17, 2020 3:39am
Quoting kiaan
{quote} How do you find this levels ??
I have finished my jogging so I can now answer

Sell area is 1806/1830 but 1806 is a resistance which could not be breaken
Attached Image (click to enlarge)
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  • #1,184,439
  • Sep 17, 2020 3:42am Sep 17, 2020 3:42am
Quoting 4experience
{quote} I have finished my jogging so I can now answer Sell area is 1806/1830 but 1806 is a resistance which could not be breaken {image}
Thanks need to learn many things
Learner
  • #1,184,440
  • Sep 17, 2020 3:44am Sep 17, 2020 3:44am
EURUSD have technically made a bearish Shoulder-Head-Shoulder (SHS) with neckline at 1.1752. (see below Daily Chart)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 43 KB

But sometimes things are not always what it seemed.
SHS have typically said to be 70% accurate. That still means 30% of it won't happen. No one will know if EU will follow the 70% or 30% the next few days....

I always like to bring up this textbook example, AUDCAD,
In order of appearance from July 2020: (see yellow box in the chart)
1. (Bearish) SHS neckline 0.9500
2. (Bullish) Falling parallel channel
3. (Bullish) Double bottom neckline at 0.9561
4. (Bullish) Cup and Handle.

And yet, AUDCAD has NOT break it's yearly high despite 3 Bullish patterns.
And if it drops much further pass below 0.9425, it would have created a giant double Top.
I always tell myself, ""patterns can morph"".
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 48 KB
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