Attachments: EURUSD Club - Get Your Trend Right

EURUSD Club - Get Your Trend Right

#501
Jan 13, 2021 5:16am Jan 13, 2021 5:16am

klm1011
Joined Feb 2020 | Status: Trader | 2,364 Posts

Quoting klm1011

Disliked

... a nice sell scalp coming .......... use yr confirmation..........

Ignored

.........about 50 pips came out of this one...............

#502
Jan 13, 2021 8:21am Jan 13, 2021 8:21am

klm1011
Joined Feb 2020 | Status: Trader | 2,364 Posts

? exhaustion on price at present ............

#503
Jan 13, 2021 8:35am Jan 13, 2021 8:35am

Leesi
| Joined Nov 2017 | Status: Trader | 951 Posts

2141-45-50 three entry level for intra day buy... And for quick exist.
Any fall below 2135 can create big sell off..
Else it can once again pull upward..

#504
Jan 13, 2021 9:30am Jan 13, 2021 9:30am

klm1011
Joined Feb 2020 | Status: Trader | 2,364 Posts

price gone into even bigger squeeze than last one...... with subtle bullish hints.............lets see..............
.........this could make a symmetrical triangle ..........
.... anyone who might have taken a long further down could probably get lucky............... tik tok............. deploy BE always...........
....... don't trade without confirmation...........whatever that maybe...........

#505
Jan 13, 2021 10:51am Jan 13, 2021 10:51am

7154Superman
Joined Dec 2020 | Status: Trader | 1,210 Posts

My short trade hit TP while sleeping

Already exceeded my ROI goal for the day!

Meanwhile, Mr. Whale hasn't shown up yet, but other mini whales are popping up all over the place. One of them has a name. Dileepav80 has the largest order at 25 lots long. It's a live account. He just recently recovered massive losses, and is now gaining well. Check it out.

You cannot fail if you never give up.

#506
Jan 13, 2021 11:01am Jan 13, 2021 11:01am

pingus21
| Joined Nov 2015 | Status: Trader | 128 Posts

Quoting 7154Superman

Disliked

My short trade hit TP while sleeping Already exceeded my ROI goal for the day! Meanwhile, Mr. Whale hasn't shown up yet, but other mini whales are popping up all over the place. One of them has a name. Dileepav80 has the largest order at 25 lots long. It's a live account. He just recently recovered massive losses, and is now gaining well. Check it out.

Ignored

Nice trade

I must follow you tomorrow

Put some buy limit at 2125 with tight sl.

#507
Jan 13, 2021 11:20am Jan 13, 2021 11:20am

Leesi
| Joined Nov 2017 | Status: Trader | 951 Posts

After 2.30 to 3 Hours the impeachment result from senate to hit the market. Volume likley to dry up and that time too much wild move too can happen.
Now when the price comes to 2151-41 more retailers going to attempt buying and here the trapping attempt begins..
So extreme caution adviced at this range as market is showing weakness in weekly and monthly chart..
To sum up , bigger picture is bearish as long as euro dont move above 2184.

#508
Jan 13, 2021 11:47am Jan 13, 2021 11:47am

7154Superman
Joined Dec 2020 | Status: Trader | 1,210 Posts

Quoting pingus21

Disliked

{quote} Nice trade I must follow you tomorrow Put some buy limit at 2125 with tight sl.

Ignored

You do you, but as for me, no limit orders because of potential short term volatility. EUR bears might kick in and short much lower.
I had attempted a long at 1.216, but got hit with the recent dip to 1.214, so I entered a second long and rode it back up until I came into the green, then exited with a couple pips profit. Not sure what to expect now. Situation looks iffy, with possible trend break south into the 1.20s.
So, sidelines for now.
Trade safe and stay green!

You cannot fail if you never give up.

#509
Jan 13, 2021 11:51am Jan 13, 2021 11:51am

pingus21
| Joined Nov 2015 | Status: Trader | 128 Posts

Quoting 7154Superman

Disliked

{quote} You do you, but as for me, no limit orders because of potential short term volatility. EUR bears might kick in and short much lower. I had attempted a long at 1.216, but got hit with the recent dip to 1.214, so I entered a second long and rode it back up until I came into the green, then exited with a couple pips profit. Not sure what to expect now. Situation looks iffy, with possible trend break south into the 1.20s. So, sidelines for now. Trade safe and stay green!

Ignored

Trying this just with 5$ sl. We will see

#510
Jan 13, 2021 11:56am Jan 13, 2021 11:56am

7154Superman
Joined Dec 2020 | Status: Trader | 1,210 Posts

Quoting 7154Superman

Disliked

{quote} You do you, but as for me, no limit orders because of potential short term volatility. EUR bears might kick in and short much lower. I had attempted a long at 1.216, but got hit with the recent dip to 1.214, so I entered a second long and rode it back up until I came into the green, then exited with a couple pips profit. Not sure what to expect now. Situation looks iffy, with possible trend break south into the 1.20s. So, sidelines for now. Trade safe and stay green!

Ignored

However, Dileepav80 is now up to 38+ lots long. Good luck to you all!
As for me, I would like to exercise contentment

today instead of greed.
It's the key to consistent gains that add up over time, keeping my mind sharp and rested out, ready for the next day.

You cannot fail if you never give up.

#511
Jan 13, 2021 11:59am Jan 13, 2021 11:59am

pingus21
| Joined Nov 2015 | Status: Trader | 128 Posts

Quoting 7154Superman

Disliked

{quote} However, Dileepav80 is now up to 38+ lots long. Good luck to you all! As for me, I would like to exercise contentment today instead of greed. It's the key to consistent gains that add up over time, keeping my mind sharp and rested out, ready for the next day.

Ignored

Good rest, see you tomorrow. I hope I will catch your orders on 4am

#512
Jan 13, 2021 2:55pm Jan 13, 2021 2:55pm

Infi
| Joined Dec 2020 | Status: Trader | 14 Posts

Quoting 7154Superman

Disliked

{quote} First of all, I trade only EUR/USD so I can focus all my energy on one thing, therefore limiting errors. I open all orders at approx 1/8 the size of my account value with 50x leverage. For example, if I have $800 in my account, then I will allot $100 per position. Anything bigger than that is too much risk to manage. I seek out the top or bottom of the range and make sure we're not looking at a breakout, then ALWAYS buy the bottom or sell the top. I'm uncomfortable around breakouts because of robber bank manipulation,...

Ignored

Thank you for the detailed description. I'm even more convinced that our trading style is quite similar. If I get you right you would trade 0,05 lot sized positions for a 800 dollar account opening max 6 positions at a time. If price moves further against your positions, let's say 100 pips, would you persist? Is there a safety level for you to close all positions in loss?

#513
Jan 13, 2021 6:03pm Jan 13, 2021 6:03pm

7154Superman
Joined Dec 2020 | Status: Trader | 1,210 Posts

Quoting pingus21

Disliked

{quote} Good rest, see you tomorrow. I hope I will catch your orders on 4am

Ignored

For some reason I get attracted to PA during Asian session a lot, but then they usually take all night until after London session starts to reach TP. But I don't have a system. I just go by how clear the signals are. Tonight, because of this situation being iffy, I might just go to bed first then trade during London/New York session.

You cannot fail if you never give up.

#514
Edited 6:55pm Jan 13, 2021 6:33pm | Edited 6:55pm

7154Superman
Joined Dec 2020 | Status: Trader | 1,210 Posts

Quoting Infi

Disliked

{quote} Thank you for the detailed description. I'm even more convinced that our trading style is quite similar. If I get you right you would trade 0,05 lot sized positions for a 800 dollar account opening max 6 positions at a time. If price moves further against your positions, let's say 100 pips, would you persist? Is there a safety level for you to close all positions in loss?

Ignored

If there is a good possibility of price moving 100 pips, then if the signal is clear of which direction, I wouldn't dare trade against it, but with it, of course! If signal is unclear, I stay on sidelines until signals become more clear. In that case, I would very rarely get caught in a 100 pip loss on EUR/USD. But if that does happen, and the bottom falls through, I'll get stopped out through margin call because I would likely have all 6 positions in by then to catch the dip. It would be about 25% loss. But that has never happened yet since I started this current trading style. If I'm in a big drawdown and PA comes back close toward BE, and looks like it will drawdown again, then I'll just close it right there for a smaller loss. That happened once when I shorted the bottom, thinking it was gonna break down, but it didn't.
I'm up 70% ROI now since December 7, 2020. (26 trading days) 25 winning days/1 losing day.
The key to avoid such unfortunate drawdowns, is to wait until you have a clear signal and confirmation of the near term direction of PA enough to make decent profit. If things look iffy, just wait patiently until things clear out.
Here in Forex, FOMO is a myth. If you let it influence your decisions here, you will lose. I guarantee you that. I did. Everytime. Just focus on a modest ROI goal for the day, wait until the right (safe) opportunity comes, then have at it. Once you have reached your goal, exercise contentment and reject greed, so your brain can rest. After that if you can still see another safe opportunity, take it carefully. And be content again. Repeat, repeat. When you get tired or stressed, get out. Take a break. Live real life. There is no such a thing as missing out.
That's the secret, bro. A little bit every day goes a long way.
The biggest learning experience here is on how to discipline your mind, emotions, and decisions. Once you have mastered yourself, the rest of it, learning to understand charts, PA, technicals, fundamentals, risk management, etc., becomes easy.

You cannot fail if you never give up.