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EURUSD Club - Get Your Trend Right

  • #421
  • Jan 11, 2021 12:01am Jan 11, 2021 12:01am
Quoting 7154Superman
{quote} Entered 3rd long at 1.2179 on the way down. Average position 1.21903. TP = 1.2248 = 57.7 pips average profit per position = 173.1 total pips = 8.65% ROI That would be huge for me in 1 day. I'm not used to hanging in there long enough to go that far. Would like to try entering stop loss at BE once we get above 1.22, then trail stop it until TP. Trying new strategy. Let's see if it works... Gotta keep myself together and not flake out. I have this tendency to panic and close early...
Entered 4th long at 1.2169 at the first dip. My average position is 1.2185. TP = 1.2248. Now, let's ride it up! The question is, how far up will it really go today?
You cannot fail if you never give up.
  • #422
  • Edited 9:21am Jan 11, 2021 4:17am | Edited 9:21am
....long taken.....around 1.21572....( corrected typo as per superman vision)
  • #423
  • Jan 11, 2021 4:20am Jan 11, 2021 4:20am
Quoting 7154Superman
{quote} Entered 4th long at 1.2169 at the first dip. My average position is 1.2185. TP = 1.2248. Now, let's ride it up! The question is, how far up will it really go today?
what makes you think bro it will go up to 1.22+ ?
  • #424
  • Jan 11, 2021 7:54am Jan 11, 2021 7:54am
price at a critical level ...could bounce ..........
  • #425
  • Jan 11, 2021 8:07am Jan 11, 2021 8:07am
Quoting klm1011
price at a critical level ...could bounce ..........
Lost 60 pips today. No more power for trading at this moment...
  • #426
  • Jan 11, 2021 8:23am Jan 11, 2021 8:23am
applying early BE can mitigate price movement against trades........
  • #427
  • Edited 8:50am Jan 11, 2021 8:28am | Edited 8:50am
Quoting hans91
{quote} what makes you think bro it will go up to 1.22+ ?
I was going by professional analysis by some other traders here on FF including klm1011 and Leesi. It turns out everybody was wrong except Boulder. She was shorting the whole time and adding to her positions. That had me worried and I also began to notice signals of a potentially big drop while I was watching PA above 1.219. I closed my trades as high as I could with a profit of 1.7% ROI. Was getting leery of the downside risk and could absolutely not ignore it. I went straight to bed after I got out. Now I woke up and see this drop.
Thank God I closed my trades in the green when I did!
Therefore it strengthens my resolve to
"Be content with small gains. It all adds up over time."
You cannot fail if you never give up.
  • #428
  • Jan 11, 2021 8:45am Jan 11, 2021 8:45am
Quoting pingus21
{quote} Lost 60 pips today. No more power for trading at this moment...
So sorry about that!
I got spared though because of my preservative nature.
Be content with small gains....
I hope you're able to get back up and try again, improving your skills every time. Within 17 months, I have gone through 5 utter failures where I had to quit trading temporarily to overcome the emotional distress. But, I always came back and tried again, knowing that I will eventually get the hang of it. Then it's just a matter of time until you experience success you could only dream of. Don't give up now! This may be your opportunity to start over and build a foundation of skill in such a way that you will never lose big again. Once you got that skill, then you should be able to rise up on the crest of every wave instead of getting flooded by it.
Keep trading safe and stay green!
You cannot fail if you never give up.
  • #429
  • Jan 11, 2021 8:48am Jan 11, 2021 8:48am
Quoting klm1011
....long taken.....around 1.12157....
Uhhh... I'm not understanding your entry price....
You cannot fail if you never give up.
  • #430
  • Jan 11, 2021 8:56am Jan 11, 2021 8:56am
Quoting 7154Superman
{quote} Uhhh... I'm not understanding your entry price....
.... superman... my entries are mostly fib level based ....... so was this one ... BEvened after price went up to a degree and reversed ........ BE is important part of my entries ........got to keep it safe..........
... similarly i might go long again around....1.21332......
  • #431
  • Jan 11, 2021 9:06am Jan 11, 2021 9:06am
......as we can see price bounced off that entry .........consider BE...........keep the aftermath safe........
  • #432
  • Jan 11, 2021 9:08am Jan 11, 2021 9:08am
Quoting 7154Superman
{quote} So sorry about that! I got spared though because of my preservative nature. Be content with small gains.... I hope you're able to get back up and try again, improving your skills every time. Within 17 months, I have gone through 5 utter failures where I had to quit trading temporarily to overcome the emotional distress. But, I always came back and tried again, knowing that I will eventually get the hang of it. Then it's just a matter of time until you experience success you could only dream of. Don't give up now! This may be...
Not your fault they hit my buy limit at night on. 2206 and after your post I take another buy around 2180 but no time for close early. My fault
  • #433
  • Jan 11, 2021 9:13am Jan 11, 2021 9:13am
Quoting klm1011
{quote} .... superman... my entries are mostly fib level based ....... so was this one ... BEvened after price went up to a degree and reversed ........ BE is important part of my entries ........got to keep it safe.......... ... similarly i might go long again around....1.21332......
Look at your posted entry price again...
PA never reached 1.12157 or 1.21157. I'm confused by the number you posted....
You cannot fail if you never give up.
  • #434
  • Jan 11, 2021 9:14am Jan 11, 2021 9:14am
I entered 2 long positions, averaging 1.21488, TP = 1.21675
You cannot fail if you never give up.
  • #435
  • Jan 11, 2021 9:17am Jan 11, 2021 9:17am
Quoting 7154Superman
{quote} Look at your posted entry price again... PA never reached 1.12157 or 1.21157. I'm confused by the number you posted....
.......well spotted , a typo ofcourse............1.21572
  • #436
  • Jan 11, 2021 9:20am Jan 11, 2021 9:20am
Quoting pingus21
{quote} Not your fault they hit my buy limit at night on. 2206 and after your post I take another buy around 2180 but no time for close early. My fault
I still feel bad for you since I influenced you to enter long because I did.
My first long position was also a little above 1.22. Then I applied my drawdown strategy down to the dip below 1.217. Entered 4 positions total, avg = 1.2185. Closed them a little above 1.219. I feel much better doing everything manually and not sleep while trades are open, because I have found that PA tends to run away from me when I apply limit orders and when I'm not watching. But that's just me.
You do you. But trade safe!
You cannot fail if you never give up.
  • #437
  • Jan 11, 2021 9:22am Jan 11, 2021 9:22am
Quoting klm1011
{quote} .......well spotted , a typo ofcourse............1.21572
Ahh...
You cannot fail if you never give up.
  • #438
  • Jan 11, 2021 9:23am Jan 11, 2021 9:23am
Quoting 7154Superman
{quote} Ahh...
........we are counting on yr xray vision ..... for the numbers .............
  • #439
  • Jan 11, 2021 9:24am Jan 11, 2021 9:24am
Quoting 7154Superman
{quote} I still feel bad for you since I influenced you to enter long because I did. My first long position was also a little above 1.22. Then I applied my drawdown strategy down to the dip below 1.217. Entered 4 positions total, avg = 1.2185. Closed them a little above 1.219. I feel much better doing everything manually and not sleep while trades are open, because I have found that PA tends to run away from me when I apply limit orders and when I'm not watching. But that's just me. You do you. But trade safe!
I know because I was following your orders on the profile normally I would close 2 positions on a loss of a few pips, but as I wrote earlier, I work and bad luck wanted that I could not look at the phone at this point
  • #440
  • Jan 11, 2021 9:27am Jan 11, 2021 9:27am
Quoting klm1011
{quote} .... superman... my entries are mostly fib level based ....... so was this one ... BEvened after price went up to a degree and reversed ........ BE is important part of my entries ........got to keep it safe.......... ... similarly i might go long again around....1.21332......
.........for those who entered here ........... either BE and hold .......... or you guessed it ........... take yr pips and run.................
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