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EURUSD only

  • #121,381
  • Dec 8, 2020 5:57am Dec 8, 2020 5:57am
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  • #121,382
  • Edited 7:24am Dec 8, 2020 6:10am | Edited 7:24am
All my signals are screaming sell now (Im still in sell from 2135 since yesterday). Somehow I get this something inside me that usually is right that it is gonna explode uppppp.

Corrected: Im still in buy not sell
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  • #121,383
  • Dec 8, 2020 6:16am Dec 8, 2020 6:16am
long at 1.2119 (covered my short for +5), target +20, stop -10
MTF PA with indicators = a winning team
  • #121,384
  • Dec 8, 2020 6:42am Dec 8, 2020 6:42am
Quoting Ziemowit
{quote} can u tell me what is your purpose of opening multiple 0.05 sells instead of bigger one ?
Firstly I don't trade big because I don't throw all my eggs in one basket iow I don't make everything dependent on one big trade only. If my stop loss is taken out with my first trade it is easier for me to open another trade because my losses are minimal.
Secondly. How often have you seen price go against your entry and get to a much better price and you wish you could have entered, but you cannot because your margin is used up? I have seen too often that high-risk traders become very emotional because their trade has gone against them for example by 20 pips and they start moving their stop loss up, hoping price will come down. Disaster.
So here is what I propose. Instead of opening 1 big trade. Divide that big trade into 5 or whatever you wish to give you 5 trading opportunities. As price moves against your first entry by 20 pips, open another trade, and if your stop loss is 20 pips you either keep a 20 pip stop on each trade or you open one stop loss for all 5 trades of 100 pips for example. You now have a decent playing field to enter your trades at less risk.

It is just a different way of managing risk.
Cheers.
Trade to trade another day
  • #121,385
  • Edited 7:02am Dec 8, 2020 6:48am | Edited 7:02am
Let's see.. daring one more buy order here at 1.21155... Stops must go a little below 1.2093..

*As long as 1.2106 area supports I will try to buy dips..

Stay Green
Focus only on what truly matters!
  • #121,386
  • Dec 8, 2020 6:50am Dec 8, 2020 6:50am
Quoting Wavegarrick
{quote} Firstly I don't trade big because I don't throw all my eggs in one basket iow I dont make everything dependent on one big trade only. If my stoploss is taken out with my first trade it is easier for me to open another trade because my losses are minimal. Secondly. How often have you seen price go against your entry and gets to a much a better price and you wish you could have entered, but you cannot because your margin is used up? I have seen too often that high risk traders become vey emotional because their trade has gone against them...
If the first and second trade goes -20 pips (40 in total from your oryginal price entry) is your setup still valid? True you get emotional, I did myself more than many times, moving my s/l and destroying my accounts, but same thing happens when you are start adding to a loosing trade. You just loose it bit slower with not your entry anyway.
  • #121,387
  • Dec 8, 2020 6:57am Dec 8, 2020 6:57am
Quoting Wavegarrick
{quote} Firstly I don't trade big because I don't throw all my eggs in one basket iow I don't make everything dependent on one big trade only. If my stop loss is taken out with my first trade it is easier for me to open another trade because my losses are minimal. Secondly. How often have you seen price go against your entry and get to a much better price and you wish you could have entered, but you cannot because your margin is used up? I have seen too often that high-risk traders become very emotional because their trade has gone against them...
I personally am against scaling but yeah some people can't do without it.. Here is a video for those who want to look at this from both sides.. I hope it guides some members here.. Cheers..

Inserted Video


Stay Green
Focus only on what truly matters!
  • #121,388
  • Dec 8, 2020 7:13am Dec 8, 2020 7:13am
Quoting Ata-Turkoglu
{quote} I personally am against scaling but yeah some people can't do without it.. Here is a video for those who want to look at this from both sides.. I hope it guides some members here.. Cheers.. https://www.youtube.com/watch?v=gOwIWDpNFdw Stay Green
Thanks Ata, this is useful for traders and gives insight into questions I get with regards to my method.
Cheers
Leon
Trade to trade another day
  • #121,389
  • Dec 8, 2020 7:14am Dec 8, 2020 7:14am
the longer price stays at these levels ... the stronger selling bias gets............
  • #121,390
  • Dec 8, 2020 7:24am Dec 8, 2020 7:24am
Quoting minfinitum
{quote} If the first and second trade goes -20 pips (40 in total from your oryginal price entry) is your setup still valid? True you get emotional, I did myself more than many times, moving my s/l and destroying my accounts, but same thing happens when you are start adding to a loosing trade. You just loose it bit slower with not your entry anyway.
The same principles that apply to all traders will apply here. You need to know when price goes against you and when to cut your trade or trades, you will know that when your system tells you otherwise. As a swing trader I know that price can fluctuate by a 100 pips or more before it goes into my direction.

Cheers
Trade to trade another day
  • #121,391
  • Dec 8, 2020 7:24am Dec 8, 2020 7:24am
Quoting Ata-Turkoglu
Let's see.. daring one more buy order here at 1.21155... Stops must go a little below 1.2093.. *As long as 1.2106 area supports I will try to buy dips.. Stay Green
I am moving my SL to break even.. Zero risk.. Nearest target would be 1.2142..

Stay Green
Focus only on what truly matters!
  • #121,392
  • Dec 8, 2020 7:45am Dec 8, 2020 7:45am
Situation and S/R levels on H4 and why I like to rely on bulls while above 1.21065... I hope these lazy cows don't embarrass me today.. Can't we get at least a touch to 1.2137??? Time will tell..

Edit: Sighs! Order got stopped out at BE.. F*king lazy these animals.. Will send them to the butcher..

Stay Green
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Focus only on what truly matters!
  • #121,393
  • Dec 8, 2020 7:49am Dec 8, 2020 7:49am
are the bears injecting themselves with stolen steroids from bulls.......
  • #121,394
  • Dec 8, 2020 7:51am Dec 8, 2020 7:51am
Marking this zone between 1.2122 and 1.2112 as gray area.. Will wait until I see better direction.. To be honest we still have terrible pa..

Stay Green
Focus only on what truly matters!
  • #121,395
  • Dec 8, 2020 7:51am Dec 8, 2020 7:51am
this recent movements its like there were trying to scare off buyers before big move...
  • #121,396
  • Dec 8, 2020 8:01am Dec 8, 2020 8:01am
the value of zone around 1.20947 has gone higher.............
  • #121,397
  • Dec 8, 2020 8:07am Dec 8, 2020 8:07am
Lazy movements
Stay green.
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  • #121,398
  • Dec 8, 2020 8:12am Dec 8, 2020 8:12am
Based on H1 I have the tendency to trade mixed.. One could sell 1.2133 area but then there is the risk of price breaking above red zone.. and one can try to go long at lower edge of wedge (or at GREEN line touch) but then it has the risk to break out from wedge towards south.. Catch 22 situation.. You decide folks! I will dare to sell some around 1.2133.. Let's see..

Stay Green
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Focus only on what truly matters!
  • #121,399
  • Dec 8, 2020 8:46am Dec 8, 2020 8:46am
Sold at 1.2133.. Stops should go a little above 1.2155..

Stay Green
Focus only on what truly matters!
  • #121,400
  • Dec 8, 2020 8:50am Dec 8, 2020 8:50am
Quoting Ata-Turkoglu
Sold at 1.2133.. Stops should go a little above 1.2155.. Stay Green
That was quick Moving SL to break even.. (Zero risk)

Stay Green
Focus only on what truly matters!
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