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EURUSD Club - Get Your Trend Right

  • #121
  • Dec 28, 2020 11:54am Dec 28, 2020 11:54am
Quoting 7154Superman
{quote} I would say scalping is better for newbies. It takes years of experience to have the grit and knowledge to be able to hang in there for a long-term trade
Thanks for your post. Any chance to back up again?
  • #122
  • Dec 28, 2020 12:03pm Dec 28, 2020 12:03pm
Quoting pingus21
{quote} Thanks for your post. Any chance to back up again?
At this point it looks like there should be plenty of opportunities for more spikes above 1.223 for the next few days. If I were in your situation, I would play the draw down strategy and continue buying dips until you end up into the green overall, then close it as soon as it looks like it's going to reverse again.
As for me, I already made 1.75% profit today and don't feel like going back in for another small gain until it's more clear what will happen next. The price action could go either way within the next week, up or down. But it will most likely go back and forth a few more times before it breaks the range. I may be wrong. Use your best judgment. At this moment I am unbiased, neither bearish nor bullish. Just looking to trade the current range very carefully.
You cannot fail if you never give up.
  • #123
  • Edited 12:21pm Dec 28, 2020 12:06pm | Edited 12:21pm
sharing trader's experience is welcome and healthy
however i would like to make one point ........... the most powerful learning comes from mistakes and ability to learn and reflect ........ when one trades on lower TF , they might soon find out and be pushed to find the bigger picture ....... eventually climbing up the TF ladder till they see the whole picture....... i believe if one continously follow the market/pairs , the cycle is about 1-2 yrs long , to appreciate lower TF vs higher TF and the optimal point that one is seeking ........ once you get the higher TF right , you can seen lower TF like never before .............. like the matrix .....for those us are old enough....

May the markets be with you /us ...

**** Tf - Time Frame****
  • #124
  • Dec 28, 2020 12:13pm Dec 28, 2020 12:13pm
Quoting klm1011
sharing trader's experience is welcome and healthy however i would like to make one point ........... the most powerful learning comes from mistakes and ability to learn and reflect ........ when one trades on lower TF , they might soon find out and be pushed to find the bigger picture ....... eventually climbing up the TF ladder till they see the whole picture....... i believe if one continously follow the market/pairs , the cycle is about 1-2 yrs long , to appreciate lower TF vs higher TF and the optimal point that one is seeking ........ once...
Pardon me for my ignorance, what does TF stand for?
I agree with you concerning the long term perspective, but from my personal experience as a newbie, I screwed up and lost big when I tried to go long term without first learning proper risk management and consistently profitable day to day trading via scalping. Learn consistent baby pips first, then grow up from there. But give it time. If you can become a successful long-term trader within 3 years, then you are doing very good and are ahead of most successful retail traders.
You cannot fail if you never give up.
  • #125
  • Dec 28, 2020 12:25pm Dec 28, 2020 12:25pm
no two ways about money management ----- don't trade without it .....simple....
  • #126
  • Dec 28, 2020 12:40pm Dec 28, 2020 12:40pm
Quoting klm1011
no two ways about money management ----- don't trade without it .....simple....
TF = Time Frame My bad. I just couldn't figure it out. Still new here. Thanks!
Indeed, understanding PA in longer TFs helps you to understand PA in shorter TFs. But hey, how can you really understand long term TFs, unless you've actively traded through it over the years and learned from your mistakes the hard way? So, give it 3 years or more. For me, anyway. I'm 16 months in and counting. Hopefully no more losses.
And I do now heavily depend on the pros for trending information. I really appreciate everyone's input on the EUR/USD Only thread, especially Ata-Turkoglu. I also read everything on this thread, EUR/USD, The Swamp, and Cable Update (GBP/USD). Thank you!
You cannot fail if you never give up.
  • #127
  • Dec 28, 2020 12:56pm Dec 28, 2020 12:56pm
Quoting 7154Superman
{quote} TF = Time Frame My bad. I just couldn't figure it out. Still new here. Thanks! Indeed, understanding PA in longer TFs helps you to understand PA in shorter TFs. But hey, how can you really understand long term TFs, unless you've actively traded through it over the years and learned from your mistakes the hard way? So, give it 3 years or more. For me, anyway. I'm 16 months in and counting. Hopefully no more losses. And I do now heavily depend on the pros for trending information. I really appreciate everyone's input on the EUR/USD...
7154Superman.... if you can find any value here , you are welcome........
  • #128
  • Dec 28, 2020 1:48pm Dec 28, 2020 1:48pm
So, it looks like EUR/USD may spike up again 10-20 pips before close. I think , it's worth the risk to enter 1 long trade for a 10 pips TP. Entered long at 1.22065.
If drawdown, wait for more supportive action below 1.22 before adding another long.
You cannot fail if you never give up.
  • #129
  • Dec 28, 2020 5:23pm Dec 28, 2020 5:23pm
long probability....
  • #130
  • Dec 28, 2020 6:40pm Dec 28, 2020 6:40pm
Quoting klm1011
long probability....
one TP closed at 17 pips....... other trade at BE+ ........ lets see ...

M1 chart.
Attached Image (click to enlarge)
Click to Enlarge Name: a.PNG Size: 27 KB
  • #131
  • Dec 28, 2020 6:43pm Dec 28, 2020 6:43pm
any traders made any pips out of this so far ?
  • #132
  • Dec 28, 2020 7:03pm Dec 28, 2020 7:03pm
Quoting klm1011
any traders made any pips out of this so far ?
I made 17 pips (0.85% ROI) in 2 long trades. 1 before close, and 1 after opening. Now, waiting for next development. No rush...
You cannot fail if you never give up.
  • #133
  • Dec 28, 2020 11:02pm Dec 28, 2020 11:02pm
Quoting klm1011
any traders made any pips out of this so far ?
33 pips from 3 longs. Uffff
  • #134
  • Dec 29, 2020 4:21am Dec 29, 2020 4:21am
Quoting klm1011
long probability....
proved to be a good entry on an uptrend as we were waiting for ...........
both tp for my trades got hit ....... 17 pips + 34 pips = 51 pips .. yaay
patience paid off once again ..........
  • #135
  • Dec 29, 2020 4:39am Dec 29, 2020 4:39am
waiting for next significant retracement .........
  • #136
  • Dec 29, 2020 5:37am Dec 29, 2020 5:37am
Quoting klm1011
waiting for next significant retracement .........
HI, can you tell me please what was the closing price on 12:11:27? Difficult on qpp
  • #137
  • Dec 29, 2020 5:56am Dec 29, 2020 5:56am
Quoting pingus21
{quote} HI, can you tell me please what was the closing price on 12:11:27? Difficult on qpp
how are you trading again ?
  • #138
  • Dec 29, 2020 5:58am Dec 29, 2020 5:58am
Quoting klm1011
{quote} how are you trading again ?
Closing short by SL at 22578 and what I see on my app the highest price was 22563.
  • #139
  • Dec 29, 2020 6:50am Dec 29, 2020 6:50am
Quoting pingus21
{quote} HI, can you tell me please what was the closing price on 12:11:27? Difficult on qpp
pingus i suggest to use a computor for trading / proper platform ... else its exposing yr trades to unwanted elements............
  • #140
  • Dec 29, 2020 10:05am Dec 29, 2020 10:05am
Closing short 22680 at 22430.25pips
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