......... catching the breakout.......
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- Joined Dec 2020 | Status: Member | 185 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.
Be content with small gains. It all adds up over time.
Superman All Time Return:
25.3%
{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.
- Joined Dec 2020 | Status: Member | 185 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.
Be content with small gains. It all adds up over time.
Superman All Time Return:
25.3%
- Joined Dec 2020 | Status: Member | 185 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!
Be content with small gains. It all adds up over time.
Superman All Time Return:
25.3%
- Joined Dec 2020 | Status: Member | 185 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...
Be content with small gains. It all adds up over time.
Superman All Time Return:
25.3%
- Joined Feb 2020 | Status: Member | 1,114 Posts | Invisible
......... catching the breakout....... {image}