"No pain no gain"
- Post #140,761
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- Oct 11, 2021 2:52pm Oct 11, 2021 2:52pm
- Joined Sep 2018 | Status: Trader Man | 1,575 Posts
"No pain no gain"
- Post #140,762
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- Oct 11, 2021 2:55pm Oct 11, 2021 2:55pm
- Joined Sep 2018 | Status: Trader Man | 1,575 Posts
"No pain no gain"
- Post #140,764
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- Oct 11, 2021 4:07pm Oct 11, 2021 4:07pm
- Joined May 2014 | Status: Full Time Trader | 23,441 Posts | Online Now
Be a seer, not a looker!
- Post #140,765
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- Oct 11, 2021 4:10pm Oct 11, 2021 4:10pm
- Joined May 2014 | Status: Full Time Trader | 23,441 Posts | Online Now
{quote} I really appreciate this response. says a lot about you.
Be a seer, not a looker!
- Post #140,766
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- Edited 5:25pm Oct 11, 2021 5:15pm | Edited 5:25pm
- Joined May 2014 | Status: Full Time Trader | 23,441 Posts | Online Now
Be a seer, not a looker!
- Post #140,767
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- Edited 11:17pm Oct 11, 2021 10:37pm | Edited 11:17pm
{quote} Good test ZOT H1. + 15.2 pips. Right now, I will wait for price to climb above the L0 area (grey area) and look for an entry point if it returns to ZOT H1. {image}
Total collected +51 pips for a buy strategy and temporarily stay out until it's clearer.
Have a good day
Keep the faith and keep going
- Post #140,768
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- Edited 2:20am Oct 12, 2021 12:06am | Edited 2:20am
- | Joined Jul 2020 | Status: Member | 185 Posts
- Post #140,769
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- Oct 12, 2021 2:39am Oct 12, 2021 2:39am
- Joined Aug 2009 | Status: THE GREAT LEGEND | 2,089 Posts
DRAGON-TECHNICAL ANALYSIS!
- Post #140,770
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- Edited 3:21am Oct 12, 2021 2:55am | Edited 3:21am
- Joined May 2014 | Status: Full Time Trader | 23,441 Posts | Online Now
Be a seer, not a looker!
- Post #140,772
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- Oct 12, 2021 3:39am Oct 12, 2021 3:39am
H1 Status Update I now also spotted a bearish bat pattern on this time frame.. Target for its D leg sits around 1.16275 area.. Waiting for London opening to bring in some volume.. *Main long order from 1.16575 still has to wait.. My 2nd order from 1.1569 is also still open! I do nothing for now.. Patience is key! {image}
First of all, thank you for your analysis
I read them regularly with interest!
What do you think about the psychology of analysis - does your open position affect you?
I ask because since you have this open debt of 1.16575 (already 2 weeks since then) it seems to me that in your analysis you somehow see a greater probability of growth than of a decline !?
- Post #140,773
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- Edited 4:11am Oct 12, 2021 3:50am | Edited 4:11am
- Joined May 2014 | Status: Full Time Trader | 23,441 Posts | Online Now
{quote} Hi Ata, First of all, thank you for your analysis
*I only trade EURUSD!
*I never hedge!
*I never open more than 2 orders at the same time!
*I keep scalping into same direction if main order falls into drawdown but open my 2nd order routines very carefully and always by considering support/resistance areas to have extra protection..
*I would get rid of both orders if my total equity would melt and reach 9%... But that never happened so far..
I hope it explains.. Best wishes
Be a seer, not a looker!
- Post #140,774
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- Oct 12, 2021 4:18am Oct 12, 2021 4:18am
- Joined Jul 2011 | Status: Member | 1,370 Posts
- Post #140,775
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- Oct 12, 2021 4:20am Oct 12, 2021 4:20am
- Joined Jul 2011 | Status: Member | 1,370 Posts
- Post #140,776
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- Oct 12, 2021 4:22am Oct 12, 2021 4:22am
{quote} Thanks... based on larger timeframes like the weekly and monthly I simply have the bias that certain support areas will act supportive.. My psychology is always neutral.. Currently being in drawdown is part of the 1-2-3 candle theory I had based on weekly.. That theory didn't work out the way I expected but it was worth to try.. Currently it doesn't matter how long it takes to save my main order because I keep trading and adding profits with a 2nd order.. At some point market will reverse anyway.. it always does.. Therefore I don't bother.....
I understand you completely now.
Thanks for the reply.
Good luck
- Post #140,777
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- Oct 12, 2021 4:38am Oct 12, 2021 4:38am
- Joined May 2014 | Status: Full Time Trader | 23,441 Posts | Online Now
Max Drawdown, So percentage lot position ? When Lambo ?
And come on.. What is a Lambo? Here in Dubai you can buy many used Lambo 2011 versions for 450k aed.. that would be 125k usd.. And trust me a Lambo or Bugatti just means headache.. No good pick for daily drive..
Anyway.. let's focus on EURUSD... Thanks
Be a seer, not a looker!
- Post #140,778
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- Oct 12, 2021 6:23am Oct 12, 2021 6:23am
{quote} Lol.. No worries.. Even a consistent 10 pips net profit a day with proper money management discipline can get you to 1 million usd in roughly 160 to 320 trading days with 10k usd startup capital.. And come on.. What is a Lambo? Here in Dubai you can buy many used Lambo 2011 versions for 450k aed.. that would be 125k usd.. And trust me a Lambo or Bugatti just means headache.. No good pick for daily drive.. Anyway.. let's focus on EURUSD... Thanks
Change is never easy, but always possible
- Post #140,779
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- Oct 12, 2021 6:43am Oct 12, 2021 6:43am
- Joined May 2014 | Status: Full Time Trader | 23,441 Posts | Online Now
{quote} 10 pips of 10k investment is $937,50 to me, but I never bought over 10 orders because that means also hudge risks as well, my entry is always 1 order at first, if looks good to me, I will continiue ot order step by step, my best profit of the day in 3 years is $3750 (6 orders of 100 Ticks), mormaly that is average my 2 weeks profits....
Be a seer, not a looker!
- Post #140,780
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- Oct 12, 2021 7:35am Oct 12, 2021 7:35am
- Joined Aug 2010 | Status: Member | 1,372 Posts