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EURUSD only

  • #140,761
  • Oct 11, 2021 1:55pm Oct 11, 2021 1:55pm
Quoting JBRolim
{quote} If it reaches 6 pip above my limit buy order I will withdraw the order and try to buy a little lower.
If it reaches 8 pip above my limit buy order I will withdraw the order and try to buy a little lower.
"No pain no gain"
  • #140,762
  • Oct 11, 2021 2:51pm Oct 11, 2021 2:51pm
Quoting Ata-Turkoglu
{quote} "long" always means it is a buy... "short" always means it is a sell..
I really appreciate this response. says a lot about you.
  • #140,763
  • Oct 11, 2021 3:07pm Oct 11, 2021 3:07pm
Daily S/R Levels for Tuesday

  1. Here I continue to update my "daily-via weekly" chart day by day..
  2. 1.1530/36 area is current "nearest" support!
  3. Bulls need to break above 1.1567 at least to have a chance for much higher levels!
  4. If bears break below 1.1530 bulls still have a secondary support from 1.14965..
  5. With current picture in mind, as long as candles are above 1.1495, I keep buying dips!

I hope it helps!

Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #140,764
  • Oct 11, 2021 3:10pm Oct 11, 2021 3:10pm
Quoting Forensic
{quote} I really appreciate this response. says a lot about you.
Thanks brother.. And likewise, appreciating that comment also says a lot about you.. Best wishes
Focus only on what truly matters!
  • #140,765
  • Edited 4:25pm Oct 11, 2021 4:15pm | Edited 4:25pm
H1 Status Update

Lazy market.. visits my support level so delayed.. Therefore, same plan for tomorrow: I keep buying dips!

*My two long orders are active and waiting under draw down.. Calling it a day.. I hopefully continue after London open..
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #140,766
  • Edited 10:17pm Oct 11, 2021 9:37pm | Edited 10:17pm
Quoting Niily
{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}
Today I will stand on sidelines. Yesterday price was unable to break L0 area (grey area) and price continued to push down and broke ZOT H1. So far my Pillars candle has also turned red, my ZOT and ZOP are also opposing each other, indicating the lack of trend right now.

Total collected +51 pips for a buy strategy and temporarily stay out until it's clearer.
Attached Image (click to enlarge)
Click to Enlarge Name: 4b25688487431ce73f70e3a5fc302acf.png Size: 159 KB

Have a good day
Keep the faith and keep going
  • #140,767
  • Edited Oct 12, 2021 1:20am Oct 11, 2021 11:06pm | Edited Oct 12, 2021 1:20am
Quoting SiamonSings
Waiting for a long entry in the 1.15525 area {image} Took an SL hit (-18. pips) earlier in the day. Todays kitty: -18 + 6 = -12
+8.
I'm trying a small short here. Will target 1.15480 area.

EDIT - Closed for -2
  • #140,768
  • Oct 12, 2021 1:39am Oct 12, 2021 1:39am
EU Weekly
Attached Image (click to enlarge)
Click to Enlarge Name: EU Weekly 12 oct 2021.png Size: 47 KB
DRAGON-TECHNICAL ANALYSIS!
  • #140,769
  • Edited 2:21am Oct 12, 2021 1:55am | Edited 2:21am
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!
Attached Image (click to enlarge)
Click to Enlarge Name: H1_Status.png Size: 38 KB
Focus only on what truly matters!
  • #140,770
  • Oct 12, 2021 2:14am Oct 12, 2021 2:14am
Don’t blow your account trying to trade this slop. Wait until the daily moves somewhere. If you’re watching just the 15m-1m time frames it’s going to have you flip flopping trying to catch a move. Wait it out.
  • #140,771
  • Oct 12, 2021 2:39am Oct 12, 2021 2:39am
Quoting Ata-Turkoglu
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}
Hi Ata,

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 !?
  • #140,772
  • Edited 3:11am Oct 12, 2021 2:50am | Edited 3:11am
Quoting Opasen
{quote} Hi Ata, 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 !?
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 keep trading in a daily routine! Patience is key!

*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
Focus only on what truly matters!
  • #140,773
  • Oct 12, 2021 3:18am Oct 12, 2021 3:18am
Max Drawdown, So percentage lot position ?

When Lambo ?
Holy Betting Grail strategy
  • #140,774
  • Oct 12, 2021 3:20am Oct 12, 2021 3:20am
Quoting Ata-Turkoglu
{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.....
Is that possible to get Lambo ?
Holy Betting Grail strategy
  • #140,775
  • Oct 12, 2021 3:22am Oct 12, 2021 3:22am
Quoting Ata-Turkoglu
{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
  • #140,776
  • Oct 12, 2021 3:38am Oct 12, 2021 3:38am
Quoting fxcontest
Max Drawdown, So percentage lot position ? When Lambo ?
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
Focus only on what truly matters!
  • #140,777
  • Oct 12, 2021 5:23am Oct 12, 2021 5:23am
Quoting Ata-Turkoglu
{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
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....
Change is never easy, but always possible
  • #140,778
  • Oct 12, 2021 5:43am Oct 12, 2021 5:43am
Quoting EllaCen
{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....
Wooh... that is 20% risk for 10k trade (assuming SL is at 20 pips distance)... Too high for my liking.. Thanks but no thanks.. The highest risk I take for any of my orders will never exceed 7%.. On average I keep it around 3%.. But if it works for you good luck
Focus only on what truly matters!
  • #140,779
  • Oct 12, 2021 6:35am Oct 12, 2021 6:35am
There is a supportive trendline at H1, if ~1.1550 falls then support falls away. Maybe then this pair can go more down.
  • #140,780
  • Edited 6:46am Oct 12, 2021 6:36am | Edited 6:46am
Quoting Ata-Turkoglu
{quote} Wooh... that is 20% risk for 10k trade (assuming SL is at 20 pips distance)... Too high for my liking.. Thanks but no thanks.. The highest risk I take for any of my orders will never exceed 7%.. On average I keep it around 3%.. But if it works for you good luck
my SL maximum is 200 dollar, I alwasy try to entry peak point or deepest point, as you said pantience is the key to successfully, if the charts against me I do stop manuelly , it doesn't make sence to wait... ofcause, everybody trading is different style, I never buy 5 orders together, alwasy 1 to 1, some times start 2 orders, if running fast #long or short#, doesn't matter, most likely make profits quickly and do not wast time...
Change is never easy, but always possible
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