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EURUSD only

  • #128,121
  • Mar 5, 2021 10:07am Mar 5, 2021 10:07am
Quoting nikosk0
{quote} nah no hope for him now. he has 10 lots long. i use 15 lots to trade with 30 pips stop. thats 4k he has 1k left with about 10 lots. unless he wants to deposit another 20k and add a 10 lot long after a 30-40pip new low he cannot do anything
Agree that it's looking a bit bleak (possible understatement) but I've held positions for months before now, only for them to come back around into profit. It's not impossible. Though the problem in his case being all positions are one-way, so he crucially needs to either do a tactical drawdown - maybe trim half the positions and accept the loss, in the hopes that it buys enough leeway for the others to benefit from a reversal to either BE or gain slim profit, or decide to accept the £7k+ loss as is. Personally, I think I'd hold over the weekend and see what Mon/Tues brings. Also, if trimming the loss allows him to use some of the remaining equity to scalp sell, might not be the worst idea in addition.
A wise man changes his mind, a fool never will
  • #128,122
  • Mar 5, 2021 10:29am Mar 5, 2021 10:29am
Looks like she wants to dance with the 200EMA on daily before ‘days end
First they ask WHY you're wasting your time, then they ask HOW you did it!?
  • #128,123
  • Mar 5, 2021 10:29am Mar 5, 2021 10:29am
Quoting energies
selling for 2 months, target 1.18 will be reached Friday April 30, see you down there, enjoy the ride {image}
....i was not expeted it'll go that fast !
  • #128,124
  • Mar 5, 2021 10:57am Mar 5, 2021 10:57am
Market has exceeded the D target @ 90 level and exceeded the 40 level @ the top. Buyers keep pushing the market past the take profit levels on the top side and do not retrace to the 50% when they pullback. That is buying pressure.

Attached Image (click to enlarge)
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MY GRID. Markets are NOT random.
  • #128,125
  • Mar 5, 2021 11:04am Mar 5, 2021 11:04am
Quoting Wavegarrick
{quote} Hi Guys, This is what I would be looking out for next week. My future weekly pivot (magenta/ purple line) at 1.22532 ish. Price tends to retrace to this. I will carefully monitor price here for possible rejection and move back down. If price overshoots my weekly pivot we could have a possible up week towards my weekly res 1 at 1.23127 and also to form the right shoulder of a head and shoulders pattern. I would not be surprised if this happens to take out all current shorts before the real drop. A break above 1.23127 will put bulls in the...
Hi Guys,
As per the above post on the 10th of Jan this year. We are just 191 pips away from my yearly pivot at 1.1721. The down move has not come easy but it has been grinding its way down. I would like to see 1.1721 being tested before a new surge upwards. We shall see. Attached Daily chart.
Have a great weekend
Cheers
Attached Image (click to enlarge)
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Trade to trade another day
  • #128,126
  • Mar 5, 2021 11:14am Mar 5, 2021 11:14am
Meanwhile on H1

  1. 1.19255 is now most current aggressive sell level.. No signs of bulls yet other than my blue trend line still rejecting and slowing down bears.. I am calling it a day folks.. Until next week enjoy your weekends

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H1-Status-Update.png Size: 31 KB
Focus only on what truly matters!
  • #128,127
  • Mar 5, 2021 11:19am Mar 5, 2021 11:19am
  •  sam02
  • | Joined Apr 2014 | Status: Learn and assured of it 2Tim.3:14 | 93 Posts
Quoting goldenboy27
{quote} Thank you sir Sing, I'm waiting for atleast 30 to 40% before I cutloss, thank you again sir.


hello goldenboy, i will advise you to start risking little amount with the aid of stoploss and start acquiring lesson and experience needed to be successsful in forex market,read and learn from the professional traders and master your entry and exit strategy.

wishing you green pips.
  • #128,128
  • Mar 5, 2021 11:21am Mar 5, 2021 11:21am
Quoting Traderview
{quote} It'll hit 1.1997 and little above 1.2011. moving below 1.1950 is aint going to be easy. Giving up this price need much higher push. IMO, It's possible we're seeing tomorrow's move in today. lets see.


IMO, It's possible we're seeing tomorrow's move in today.

My view, i mentioned it yesterday.
  • #128,129
  • Mar 5, 2021 11:29am Mar 5, 2021 11:29am
Quoting Ata-Turkoglu
Meanwhile on H1 1.19255 is now most current aggressive sell level.. No signs of bulls yet other than my blue trend line still rejecting and slowing down bears.. I am calling it a day folks.. Until next week enjoy your weekends {image}
Same to you, have a nice weekend...

Best
Chriss
  • #128,130
  • Mar 5, 2021 11:31am Mar 5, 2021 11:31am
looks like 1.19150 become resist level now
  • #128,131
  • Mar 5, 2021 11:43am Mar 5, 2021 11:43am
Quoting Ata-Turkoglu
Meanwhile on H1 1.19255 is now most current aggressive sell level.. No signs of bulls yet other than my blue trend line still rejecting and slowing down bears.. I am calling it a day folks.. Until next week enjoy your weekends {image}
Nice weekend !! Ata and All.
Apologies I am not that active on the group since I trade only part time!!
Tushar
  • #128,132
  • Mar 5, 2021 11:46am Mar 5, 2021 11:46am
Quoting Wavegarrick
{quote} Hi Guys, As per the above post on the 10th of Jan this year. We are just 191 pips away from my yearly pivot at 1.1721. The down move has not come easy but it has been grinding its way down. I would like to see 1.1721 being tested before a new surge upwards. We shall see. Attached Daily chart. Have a great weekend Cheers {image}
thank you for the chat more blessing to you very easy to understand
  • #128,133
  • Mar 5, 2021 11:48am Mar 5, 2021 11:48am
Quoting goldenboy27
{quote} Here sir, I'm really sorry I'm new and in need of desperate help. I'm just using signals for forex. I would really really appreciate anyones help. Thank you in advance. {image}
Stop trading live. Start learning about markets. Don't trust people who claim to be good. Learning is free. Don't trust people who sell something - they are liar. There is no easy way. You have to love charts.

Best
Chriss
  • #128,134
  • Mar 5, 2021 12:16pm Mar 5, 2021 12:16pm
Quoting tush1822
{quote} Nice weekend !! Ata and All. Apologies I am not that active on the group since I trade only part time!! Tushar
Our thread is not a forced duty brother.. Share whenever you can or feel like.. We appreciate all members whenever they share valuable info.. Happy weekend
Focus only on what truly matters!
  • #128,135
  • Mar 5, 2021 12:26pm Mar 5, 2021 12:26pm
I think, the journey already start to 1.500.
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  • #128,136
  • Mar 5, 2021 1:25pm Mar 5, 2021 1:25pm
Happy weekend everybody and many thanks Ata, a great thread you have !

And for newbies watch what Ata trades, copy and learn (https://www.forexfactory.com/thread/...-explained-faq)

I do not know any other thread or telegram channel or other kind of social chat where the owner shares
high quality real time entries and informs almost realtime also when the trade is closed.
Trends have a higher probability of continuing than not.
  • #128,137
  • Mar 5, 2021 4:51pm Mar 5, 2021 4:51pm
weekly trades summary. All positions quoted with standard lot

26/2 Sell
entry 1.21521, closed om 2/3 @ 1.20451 [closed half contracts] 0.5 units
total pips = 0.00535

26/2 - remaining contract of 0.5 units
entry 1.21521, closed on 3/3 @ 1.20838
total pips = 0.003415

2/3 Sell
entry 1.20307, closed on 3/3 @ 1.20838
total pips = -531 [negative]

3/3 buy
entry 1.20968, closed on 4/3 @ 1.20472
total pips = -0.00496 [negative]

4/3 sell
entry 1.20495, closed on 5/3 @1.1974
total pips = 0.00755

Total pips = 0.00604 ~60.4 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot 2021-03-06 093924_2.png Size: 75 KB
Click to Enlarge Name: eurusd 4.3.21 sell.png Size: 93 KB
  • #128,138
  • Mar 5, 2021 7:45pm Mar 5, 2021 7:45pm
Weekly Analysis (of my trading, week 9, 2021)

Was in demo as I transition to new broker following blowing up old account and their regulatory changes that made continuing with them unfeasible.

My mind was never into trading; other thoughts, new broker related (things to verify) and unrelated. The trading showed a fair amount of good intuitions drawn from experience and my technicals, not ideally exploited, mixed in with loss of focus and emotional control, same as other below average weeks when I lost money or scraped by.

Feeling a sense of urgency to get back into trading that does not forebode well. It's not the right state of mind to trade. Next week still in demo, and I still have unrelated matters to take care of, so not ideal.
Practitioner of the cryptic trading arts
  • #128,139
  • Mar 5, 2021 10:46pm Mar 5, 2021 10:46pm
Most forex traders here make steady income from forex? I wonder
  • #128,140
  • Mar 6, 2021 4:39am Mar 6, 2021 4:39am
Quoting fxmfarmer
Most forex traders here make steady income from forex? I wonder
Steady yes, but not enough yet to have an independent life. The rule "more profit=more risk" applies to forex as well. Even if you think you know all signals.
==> with a smaller risk but wanting to have steady and reliable win, enough to live from, you need enough cash

Imagine you could make 1% a day over the year, and using that 1% for living. Assuming you need 5000USD a month (not even talking about tax you might have to pay in your country). With appr. 20 trading days a month you would need to achieve 250USD a day. That would be 25.000USD you would have to risk.

Then comes the black swan and all your plans are overboard...

But that's not an EURUSD problem. I even think EURUSD is the best pair as it follows predictable hard tops and floors. If there is no war, covid or revolution happening overnight.
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