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EURUSD only

  • #141,961
  • Nov 10, 2021 9:28am Nov 10, 2021 9:28am
1.14908 could be nice target for bear
  • #141,962
  • Nov 10, 2021 9:34am Nov 10, 2021 9:34am
  •  sam02
  • | Joined Apr 2014 | Status: Learn and assured of it 2Tim.3:14 | 93 Posts | Online Now
this is the 70th times my account had been burnt
  • #141,963
  • Nov 10, 2021 9:35am Nov 10, 2021 9:35am
Just placed a buy order @ 1.15245, No TP No SL
Drawdown is more important than Account Size !
  • #141,964
  • Nov 10, 2021 9:36am Nov 10, 2021 9:36am
  •  sam02
  • | Joined Apr 2014 | Status: Learn and assured of it 2Tim.3:14 | 93 Posts | Online Now
Quoting procrude
Just placed a buy order @ 1.15245
did you mean me
  • #141,965
  • Nov 10, 2021 9:39am Nov 10, 2021 9:39am
Quoting sam02
this is the 70th times my account had been burnt
Money management brother, money management
Risk comes from not knowing what to do
  • #141,966
  • Nov 10, 2021 9:41am Nov 10, 2021 9:41am
  •  sam02
  • | Joined Apr 2014 | Status: Learn and assured of it 2Tim.3:14 | 93 Posts | Online Now
Quoting Austyno
{quote} Money management brother, money management
how did you do that?
  • #141,967
  • Nov 10, 2021 9:58am Nov 10, 2021 9:58am
Good afternoon, hope you're great. Bears are showing up strongly on the 1H chart. Hopefully, they might continue it for this month.
  • #141,968
  • Nov 10, 2021 10:00am Nov 10, 2021 10:00am
Rather just cut a big loss than lose your account... You can always try again with little money but you can do nothing with no money. To big lot size to your account got you in the mess in the first place.
LEARN THE ABILITY TO GRAB COINS FROM A HOT FURNACE
  • #141,969
  • Nov 10, 2021 10:11am Nov 10, 2021 10:11am
Quoting sam02
this is the 70th times my account had been burnt
When someone loose someone makes. Or from where will the money come? Do you think Trade Centre or Broker will pay from pocket. Trading means indirect bet.
Certainly money management will block loosing quickly . That is reason every available strategy loose. Small Lot with Large Balance even paid signals from Analyst fails 40% to 50% . Try to know difference between pullbacks and continues trend.
Attached Image (click to enlarge)
Click to Enlarge Name: MetaTrader 4 Axi Terminal.png Size: 103 KB
Neither a Bro Nor a Pro I am I
  • #141,970
  • Nov 10, 2021 10:19am Nov 10, 2021 10:19am
Quoting satish37
{quote} When someone loose someone makes. Or from where will the money come? Do you think Trade Centre or Broker will pay from pocket. Trading means indirect bet. Certainly money management will block loosing quickly . That is reason every available strategy loose. Small Lot with Large Balance even paid signals from Analyst fails 40% to 50% . Try to know difference between pullbacks and continues trend. {image}
Interesting graph. Won't be that easy though. This thing is firmly under the monthly pivot plus loads of buyers. The price movers will play with a lot of bills before price moves up.
  • #141,971
  • Nov 10, 2021 10:25am Nov 10, 2021 10:25am
Quoting SnaveForex
{quote} 1528 last stop on this run. Potential bull attack for a 5 wave to complete this correction. This here sitting at 1630 ish {image}
take profit hit at 1528 and the buy orders triggered. avg 1520 now a day close above 1560 is good for bulls

1550 is another to watch. bears might cap it there.
  • #141,972
  • Nov 10, 2021 10:36am Nov 10, 2021 10:36am
Quoting sam02
{quote} how did you do that?
Everyone has different perspective. Its about capital. You need find it to your self. Its related with your strategy. Look my trade explorer, you can find its very different. Maybe its demo account but its have difference rule for the MM and Strategies. MM IS Related with your capital and your strategies
  • #141,973
  • Nov 10, 2021 11:13am Nov 10, 2021 11:13am
Quoting sam02
{quote} how did you do that?
Everything depends on the type of trader you are.
For scalpers, you might need to use a bigger lot size than normal because of small price movements

For day traders like myself, I use an appropriate lotsize depending on the amount I am willing to risk

For swing traders, a smaller lotsize is advisable because of larger stoploss targets.


What I am saying is, the lotsize you use is dependent on the % of your account you are willing to risk and your stoploss pips.
Risk comes from not knowing what to do
  • #141,974
  • Nov 10, 2021 11:19am Nov 10, 2021 11:19am
The writing was on the wall yesterday. 1.1610/20 meets a plethora of sellers. This area gets more and more difficult to crack.
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  • #141,975
  • Nov 10, 2021 11:27am Nov 10, 2021 11:27am
35 PIPS - EASY PEASY
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Click to Enlarge Name: WEDNOV10SELLUPDATE.png Size: 121 KB
  • #141,976
  • Nov 10, 2021 11:30am Nov 10, 2021 11:30am
On 2 accounts-that's 70 pips
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Click to Enlarge Name: MT4WEDNOVSELLUPDATE.png Size: 98 KB
  • #141,977
  • Nov 10, 2021 11:43am Nov 10, 2021 11:43am
I'm still holding two really bad positions and waiting for at least some bounce back to reduce losses.

At the same time, I'm trying to use the remaining money for the same purpose.

I know that hope is the worst thing trader can rely on, but I still have it
  • #141,978
  • Nov 10, 2021 12:09pm Nov 10, 2021 12:09pm
Oops, a lot of accounts getting burned
Drawdown is more important than Account Size !
  • #141,979
  • Nov 10, 2021 12:10pm Nov 10, 2021 12:10pm
Quoting corongumet
1.14908 could be nice target for bear
There is your target.

I go for 1.1450.
  • #141,980
  • Nov 10, 2021 12:12pm Nov 10, 2021 12:12pm
Quoting SirMcPip
Date: 11/03/2021 Time GMT: 8:40 pm Market: EUR/USD Current Price(Dukascopy Bank SA): 1.1614 Direction: Short Order Type 1: Market Price: 1.1614 Stops: None Order Type 2: Limit Sell Price: 1.1720 Stops: None 1st Target: 1.1375 2nd Target: 1.0965
Taking one third of positions off the table here at 1.1485. The first monthly support is what i consider the last chance for bulls to get back to 1.1610-20. So make 1.1375 Target number 2 and 1.0965 target number 3.
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