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EURUSD

  • #1,207,461
  • Dec 22, 2021 8:44am Dec 22, 2021 8:44am
eur / jpy.
the correction process would be very due.
128.300
  • #1,207,462
  • Dec 22, 2021 8:47am Dec 22, 2021 8:47am
Quoting Js3mwtRc
{quote} You can turn a small capital using your acceptable drawdown to a bigger one, but I will not suggest it, because some trades will come up with more trades and some with lesser (using the same lot) so in the end the result is not going to be as satisfactory as you thought in the begining....
You can always add to your winners.

But I think the point he is trying to make is you need a lot of capital to get anywhere in this business.
Learn from your mistakes and march on.
  • #1,207,463
  • Dec 22, 2021 8:52am Dec 22, 2021 8:52am
update
If we stay above 1,13 = long
Attached Image (click to enlarge)
Click to Enlarge Name: gfd.jpg Size: 297 KB
Trendlines H1,H4, SMC
  • #1,207,464
  • Dec 22, 2021 9:09am Dec 22, 2021 9:09am
Quoting josip
update If we stay above 1,13 = long {image}
Price has chopped and swung around this level 13-14 times in the past month, but this time is will be the last time, because...........?
  • #1,207,465
  • Dec 22, 2021 9:41am Dec 22, 2021 9:41am
Quoting here2there
{quote} You can always add to your winners. But I think the point he is trying to make is you need a lot of capital to get anywhere in this business.
Depends on your pocket! A person can double an amount of money his/her pocket can stand, others $100, others $1000... I think the point is clear. You can't force anyone to make more than can afford
Looking for profitable short term trades ...|
  • #1,207,466
  • Dec 22, 2021 10:27am Dec 22, 2021 10:27am
Quoting Js3mwtRc
{quote} Depends on your pocket! A person can double an amount of money his/her pocket can stand, others $100, others $1000... I think the point is clear. You can't force anyone to make more than can afford
yes, the size of the account determines our options.
this is usually the case.
  • #1,207,467
  • Dec 22, 2021 10:32am Dec 22, 2021 10:32am
Quoting MatDerKater
{quote} Price has chopped and swung around this level 13-14 times in the past month, but this time is will be the last time, because...........?
once we go down again for sure...below 1.13
Trendlines H1,H4, SMC
  • #1,207,468
  • Dec 22, 2021 10:39am Dec 22, 2021 10:39am
usd / chf.
i'll see where today's D1 candle closes, but i see this pair going up tomorrow.
  • #1,207,469
  • Dec 22, 2021 11:36am Dec 22, 2021 11:36am
I really doubt the current consolidation will end before the holidays end. It's the same thing every year around this time.
  • #1,207,470
  • Dec 22, 2021 11:50am Dec 22, 2021 11:50am
https://ca.finance.yahoo.com/finance...172843239.html
  • #1,207,471
  • Dec 22, 2021 12:18pm Dec 22, 2021 12:18pm
Quoting james1254
I really doubt the current consolidation will end before the holidays end. It's the same thing every year around this time.
That's a likely reason why it could end. When enough people catch on to a pattern, that's when market makers change things around. I believe they are using AI technology against retail traders in this way. This is why no system, no matter how promising, lasts. It all comes down to price. Price is what market makers care about, not patterns, not astronomy, not Gann foolishness, not Elliot wave wishful thinking, not harmonic nonsense, not candlesticks, not RSI, etc... Price is all that matters! Buy Low/Sell High.
Learn from your mistakes and march on.
  • #1,207,472
  • Dec 22, 2021 12:23pm Dec 22, 2021 12:23pm
Quoting here2there
{quote} That's a likely reason why it could end. When enough people catch on to a pattern, that's when market makers change things around. I believe they are using AI technology against retail traders in this way. This is why no system, no matter how promising, lasts. It all comes down to price. Price is what market makers care about, not patterns, not astronomy, not Gann foolishness, not Elliot wave wishful thinking, not harmonic nonsense, not candlesticks, not RSI, etc... Price is all that matters! Buy Low/Sell High.
Almost had it.... until you said, buy low/sell high.
Only an idiot knows with certainty to where the market is going.
  • #1,207,473
  • Dec 22, 2021 12:31pm Dec 22, 2021 12:31pm
Quoting MrBullBear
{quote} Almost had it.... until you said, buy low/sell high.
Well, perhaps you can elaborate on why you think the idea of buying low and selling high is apparently wrong.
Learn from your mistakes and march on.
  • #1,207,474
  • Dec 22, 2021 12:47pm Dec 22, 2021 12:47pm
Quoting here2there
{quote} That's a likely reason why it could end. When enough people catch on to a pattern, that's when market makers change things around. I believe they are using AI technology against retail traders in this way. This is why no system, no matter how promising, lasts. It all comes down to price. Price is what market makers care about, not patterns, not astronomy, not Gann foolishness, not Elliot wave wishful thinking, not harmonic nonsense, not candlesticks, not RSI, etc... Price is all that matters! Buy Low/Sell High.
I disagree. The pair finished a 5-3 EW on the weekly chart that started last year in April-May. And candlestick patterns, as well as chart patterns, are helpful.
Risk Management is of utmost importance!
  • #1,207,475
  • Dec 22, 2021 12:49pm Dec 22, 2021 12:49pm
Quoting here2there
{quote} Well, perhaps you can elaborate on why you think the idea of buying low and selling high is apparently wrong.
Let me answer that with a question. Who knows the high and the low?
Only an idiot knows with certainty to where the market is going.
  • #1,207,476
  • Dec 22, 2021 1:20pm Dec 22, 2021 1:20pm
Quoting MrBullBear
{quote} Let me answer that with a question. Who knows the high and the low?
I do ....or i wish

Still holding longs so far

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 17 KB
COT: The precious data ignored
  • #1,207,477
  • Dec 22, 2021 1:23pm Dec 22, 2021 1:23pm
Quoting MrBullBear
{quote} Let me answer that with a question. Who knows the high and the low?
Well, if you look at it that way, then nobody knows. But I think what your thought actually implies is nobody really knows the highest price or the lowest price. Nevertheless, the idea of buying low for some might be the most recent swing low, and vice versa for selling high. For others, it might be measured by a weekly candle, or a monthly candle, or a daily candle. It all depends on who is looking at it. In short, 'low' and 'high' are relative terms.
Learn from your mistakes and march on.
  • #1,207,478
  • Dec 22, 2021 1:27pm Dec 22, 2021 1:27pm
Quoting RCtrader
{quote} I disagree. The pair finished a 5-3 EW on the weekly chart that started last year in April-May. And candlestick patterns, as well as chart patterns, are helpful.
If these things actually work, then why do people still lose using them? Just because something is perceived as helpful, it doesn't mean it is reliable.
Learn from your mistakes and march on.
  • #1,207,479
  • Dec 22, 2021 1:29pm Dec 22, 2021 1:29pm
Quoting kuroro001
{quote} I do ....or i wish Still holding longs so far {image}
Looks like you bought low.
Learn from your mistakes and march on.
  • #1,207,480
  • Dec 22, 2021 1:29pm Dec 22, 2021 1:29pm
Quoting here2there
{quote} If these things actually work, then why do people still lose using them? Just because something is perceived as helpful, it doesn't mean it is reliable.
If it works for you then it works....

not every successful trader uses "price"
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