You cannot fail if you never give up.
New Pro Trading System (Demo) Return This Month:
-6.7%
Make your trend lines execute your orders 101 replies
Pharley Simple system - Get your levels right for trading S/R 532 replies
Welcome to Testing Club, put your strategy to the test 9 replies
Right Wrong Right Wrong Right Wrong 13 replies
Disliked{quote} The question is how far we can go down. Now I see "gUP" 1.2083 I will be very happy with price around 2200Ignored
Disliked{quote} Entered 5th long at 1.20799. Avg position = 1.2118. It looks like we have hit bottom. If it looks like it's capping before I get to BE then I'll close with a small loss. But this is likely a bear trap. Good possibility for retrace up to mid 1.21s or higher. Another option I have if I simply can't prevent margin call before we hit bottom, but there is a good possibility of a retrace, is shave off a small portion of my position for a loss. But that can be devastating if the bottom keeps falling through. I hate that idea... Done it before,...Ignored
Disliked{quote} I think it will touch yearly pivot around 1.1740 - 1.1750 for this year, so best I think keep selling the high. Edit : I love your words of wisdom. It's true, it's just a business I think, nothing guaranteed that our position will give us profit in trading, so by knowing this it would make us not to be worried..Ignored
Disliked{quote} Great! I also watch Bitcoin/USD over the weekend on TradingView to get a fair idea of USD price action. Currently, it's a little higher than it was at Fridays Forex market close. It looks like Bitcoin has consolidated well, almost hit the bottom of the bullish trend line today, and is now primed to shoot up another leg, possibly a new ATH. Or at least an attempt... Or maybe one more attempt by bears to break through the bottom before bullish retrace. COT report shows record amount of USD shorts since 2012. Good news for those holding...Ignored
Disliked{quote} This should be the last bearish cycle to 1.205ish then retrace up to 1.211 or higher. I opened and closed a long scalp trade from 1.20692 to 1.20805 for +11.3 pips. Now, entered 6th and last long position at 1.20716. Avg position = 1.21102. TP = 1.214. Will add again from emergency funds if price drops below 1.206 before retrace.Ignored
Disliked{quote} This should be the last bearish cycle to 1.205ish then retrace up to 1.211 or higher. I opened and closed a long scalp trade from 1.20692 to 1.20805 for +11.3 pips. Now, entered 6th and last long position at 1.20716. Avg position = 1.21102. TP = 1.214. Will add again from emergency funds if price drops below 1.206 before retrace.Ignored
Disliked{quote} Bitcoin is bouncing. Got a feeling EUR will follow. Entered 7th long at 1.20625. Avg 1.21034. TP 1.21275. Since today is U.S. holiday, we might not see TP until tomorrow. If it drops more first before bounce, will add more emergency funds.Ignored
Disliked{quote} Hit 2069 and now at 2064.. Any trade below 2060 is not a good sign.. If that happens with volume, then might see 2045. Any move above 2071 can take it to 2088 -91 level i feel.. So far bias look bearish againIgnored
Disliked{quote} I like your idea mate, even it's dangerous. I notice also EU hasn't retested to 1.211xx area, so I think just only matter of time, bulls will take over for short term..Ignored
Disliked{quote} That's why it's an emergency, to make sure I don't get margin called before retrace. I originally made a mistake by entering long at 1.215. Now closed 2 positions. 5 remaining, will hold until TP 1.21275 or obvious peak tomorrow. But downside is limited for now until retrace above 1.21 tomorrow. After that, bears should kick in again to bring it down harrddd... BoomIgnored