......... catching the breakout.......
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EURUSD Club - Get Your Trend Right
- #623
- Jan 18, 2021 8:44pm Jan 18, 2021 8:44pm
- Joined Dec 2020 | Status: Trader | 1,210 Posts
You cannot fail if you never give up.
- #625
- Jan 18, 2021 9:06pm Jan 18, 2021 9:06pm
- Joined Dec 2020 | Status: Trader | 1,210 Posts
{quote} .... 2 probabilities.............1.21615 or 1.21963.......... price has broken through one key resistance ........ the second one after 30-40 pips maybe difficult one but lets see.........will look for signs of reversibility ........ scalping is better as D1 trend is dead ......... supports from wkly are now relavant ........ ranging is more likely on wkly levels.........
Will consider myself fortunate to at least BE. I did get a few scalps in. It's been nail biting the last 4 days... Even deposited emergency funds, but didn't need them after all. Bummer entry at 1.2151... The one time I deviated from my original scalping system.... Then it goes the opposite direction....
That explains why I like scalping better. I'm too emotionally unstable and inexperienced to do bigger trades, but still trying to learn.
You cannot fail if you never give up.
- #626
- Jan 18, 2021 9:15pm Jan 18, 2021 9:15pm
{quote} Good! Thanks for the info! I wasn't sure if we might be looking at a low top because of depressing Euro news, Covid lockdowns, etc. I would still be wary around 1.21-1.213. But your analysis gives me hope. I'm still in drawdown from 1.21275 ATM. Doesn't feel good.
- #628
- Jan 18, 2021 9:28pm Jan 18, 2021 9:28pm
- Joined Dec 2020 | Status: Trader | 1,210 Posts
{quote} Friend, the only thing what I want to learn is scalping at least 5 pips with 50 lots on micro account. This thing gives me around 5$ per pip. 10 pips every day.... Dreaming.....
Keep your eyes open to the reality of the dangers all around you. We are constantly in a warzone. Just one bullet can kill everything you've worked so hard to gain.
Always remember that.
You cannot fail if you never give up.
- #629
- Jan 18, 2021 9:31pm Jan 18, 2021 9:31pm
- Joined Dec 2020 | Status: Trader | 1,210 Posts
.... any strategy in which one trade can put you out of business is a point to reflect on........ with reversals , there is always going to be that one trade that comes after 100 straight wins which will wipe out a traders account , due to the nature of the market as big news always comes after a long gap usually ... unless the trader is skilled beyond measure ....... ......... wish you goodluck for current scenario........ ......... may the markets be with you........and us all.......... I must add .......... scalping and taking a position out...
Thanks for your input!
You cannot fail if you never give up.
- #631
- Jan 18, 2021 9:36pm Jan 18, 2021 9:36pm
{quote} Cool. But don't dream too much.
- #632
- Jan 18, 2021 9:44pm Jan 18, 2021 9:44pm
- Joined Dec 2020 | Status: Trader | 1,210 Posts
{quote} That's why I'm afraid of this
Just be cautious. That wariness will save you from destruction many a time. But at the same time, have faith in yourself. I still struggle with that, but trying to overcome. With faith, you can see more clearly. Fear blinds you and ultimately will cause you to do the very thing that destroys you, that you were so afraid of. I've been a victim of that quite a few times.
I hope the best for you...
You cannot fail if you never give up.
- #633
- Jan 18, 2021 9:47pm Jan 18, 2021 9:47pm
- Joined Dec 2020 | Status: Trader | 1,210 Posts
You cannot fail if you never give up.
- #635
- Jan 19, 2021 3:41am Jan 19, 2021 3:41am
- Joined Feb 2020 | Status: Trader | 2,364 Posts
......... catching the breakout....... {image}
- #640
- Jan 19, 2021 8:50am Jan 19, 2021 8:50am
- Joined Feb 2020 | Status: Trader | 2,364 Posts
.............feel like singing today ..............