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  • #1,212,101
  • Mar 11, 2022 10:06am Mar 11, 2022 10:06am
Quoting here2there
{quote} It's interesting that you say that, because I pretty much did the same. We all make mistakes. This is why mastering psychology must play an important role in trading. What I should have done was placed a sell limit order at supply. It would have made sense to do so since EURUSD is in a strong bearish trend. And as you can see, it would have paid off. By the way, I opened a new sell position at 1.09598.
I actually did place a limit order near there, which got triggered a few minutes before I was awakened. Don't know what prompted me to wake up. I think I heard someone else's alarm clock in the house. Price was around 1010 when I closed everything.

Psychology is definitely important. Making trading decisions when you're vulnerable (ie. abruptly waking up) is unwise. Oh well. I'm done for the week. There's still a chance this 1H demand zone could hold, but likely won't springboard up today. May continued downward, but I think price will likely just play around in this range for the rest of the day.
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  • #1,212,102
  • Edited 10:30am Mar 11, 2022 10:13am | Edited 10:30am
so tested retested and broken limit to extend target at down next. broken 0945 , so before next targets may intermediate sr at 0919
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,212,103
  • Mar 11, 2022 11:19am Mar 11, 2022 11:19am
The last push north hit so hard it blew out the back of the target area.
We've pulled back to support and this should continue north with the same velocity once this support area is filled in.
Broken and now tested 0911 area gonna rock bears world.
Founder of Sutherland Wave Principle
  • #1,212,104
  • Mar 11, 2022 11:26am Mar 11, 2022 11:26am
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Didn't blink with this stab to 1.1043 and kept my shorts intact.... I think I should take my prfts here now ...

  • #1,212,105
  • Mar 11, 2022 11:30am Mar 11, 2022 11:30am
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DOW 15' .--- My situation here . Short as shown

  • #1,212,106
  • Mar 11, 2022 11:52am Mar 11, 2022 11:52am
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JY ... Planning to T. Prfts here , too. perhaps premature... Weekend is very close....It s not wise to stay into it .

  • #1,212,107
  • Mar 11, 2022 12:04pm Mar 11, 2022 12:04pm
seeing daily tf lately , just go for close above 0908 but better wait till 0880 or nearer .
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,212,108
  • Mar 11, 2022 12:06pm Mar 11, 2022 12:06pm
Quoting fxpipper
{quote} I actually did place a limit order near there, which got triggered a few minutes before I was awakened. Don't know what prompted me to wake up. I think I heard someone else's alarm clock in the house. Price was around 1010 when I closed everything. Psychology is definitely important. Making trading decisions when you're vulnerable (ie. abruptly waking up) is unwise. Oh well. I'm done for the week. There's still a chance this 1H demand zone could hold, but likely won't springboard up today. May continued downward, but I think price will likely...
I just closed my position for a decent profit. It is getting close to demand, and I don't want to hold it over the weekend. However, I do think we could see more downward movement on this pair in coming days.
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Learn from your mistakes and march on.
  • #1,212,109
  • Mar 11, 2022 12:35pm Mar 11, 2022 12:35pm
I think it will drop below 1.0900 again next week. I am not sure whether to open shorts before the market closes though.
  • #1,212,110
  • Mar 11, 2022 12:38pm Mar 11, 2022 12:38pm
Quoting here2there
I just watched this. What do you think about it? https://www.youtube.com/watch?v=gAQtJ1-gf78
I have an opinion about this, but as I am an old man, I would like your takeaway from this video.

Spoiler: I do not think it is garbage.
If you are good at something, never do it for free--Joker
  • #1,212,111
  • Mar 11, 2022 12:42pm Mar 11, 2022 12:42pm
Quoting Nordling
{quote} Not only that but also because of AUDUSD and NZDUSD losses, account blew up. And i have no problem with admitting that. Acknowledging the mistakes and finding new solutions are the best things i can do for myself. You think you are hurting me by saying that but unfortunately you can't, because i already take that risk by sharing my account details with you guys. You all get to see my performance whether i am doing good or bad. It's no secret that account blew up. I opened another one, you can still track me from this link: https://www.myfxbook.com/members/Nor...plorer/9447980...
Hi Nord. I like these kinds of posts. Did you study correlation of these pairs? Did you average down? Not an attack, but an attempt to show that losses teach much more than wins.
If you are good at something, never do it for free--Joker
  • #1,212,112
  • Mar 11, 2022 12:43pm Mar 11, 2022 12:43pm
Quoting JauntyLoon
{quote} Technical analysis is a very beautiful and perfect way of predicting the past
That's fair. But, what is the best predictor of future behavior?
If you are good at something, never do it for free--Joker
  • #1,212,113
  • Mar 11, 2022 12:45pm Mar 11, 2022 12:45pm
Quoting JauntyLoon
{quote} The Western warmongers
Bias. That is good to know.
If you are good at something, never do it for free--Joker
  • #1,212,114
  • Mar 11, 2022 1:01pm Mar 11, 2022 1:01pm
Quoting sbmortimer
This video showed up as a suggested video while I was watching another video. Then I came here and it's suggested again! I'm watching it now - very interesting. {quote}
Most people here have not lived a half century. This Ukraine Russia stuff is not new. I showed my wife Red October, and Crimson Tide and she calmed right down. New generation, old script.
If you are good at something, never do it for free--Joker
  • #1,212,115
  • Mar 11, 2022 1:28pm Mar 11, 2022 1:28pm
Quoting jmn5611
{quote} Hi Nord. I like these kinds of posts. Did you study correlation of these pairs? Did you average down? Not an attack, but an attempt to show that losses teach much more than wins.
Hi mate! No offense taken it's all good.

Unfortunately i didn't properly until my account blew up. I thought NZD and AUD were more correlated with risky assets instead of commodities. But after the failure i properly studied why and came to a conclusion that these two currencies are highly correlated with energy and commodity prices especially in extraordinary times. Also found out that JPY is negatively correlated with energy and commodity prices.

These three currencies have 3 main driving factors. Macroeconomics, risk sentiment and commodity & energy correlations. Which makes them harder to trade. While USD, EUR and GBP only has 2 main drivers. Macroeconomics and risk sentiment. Which is way easier since you don't have to have a detailed knowledge on commodity and energy markets.

I will study those markets as well, when i feel like i have a good understanding of energy and commodity drivers (not just wars but supply side etc.) i will continue trading those pairs again.

Btw i completely agree, failure is the best teacher i ever had. Once you start to see your mistakes as lessons your whole game changes. Okay i lost the money that's right, but i swear i would never want to return to the last month. I am like "keep the change, i want these golden lessons."

The key to success is accepting that life is hard but also being harder than life in my opinion. As long as i am alive, i can keep going no matter what.

Also it's always good to remember this world doesn't owe us anything. We gotta earn our place. It's always the fittest, who survives in this world.
You have to have an IQ higher than 90 to interact with this user.
  • #1,212,116
  • Mar 11, 2022 2:07pm Mar 11, 2022 2:07pm
Quoting jmn5611
{quote} I have an opinion about this, but as I am an old man, I would like your takeaway from this video. Spoiler: I do not think it is garbage.
My opinion is fiat is on its way out. Digital currency will take its place. This will be a painful process. Bitcoin will likely become a global store of value, or the new digital gold, as it were. There is a belief that it may become the reserve currency, but I doubt this because it has serious issues, such as being slow, volatile, and expensive for moving funds. Digital currencies such as XRP and XLM are more suited for this. The Forex market will change over time. Our future in Forex is yet to be determined. I believe this will eventually lead to a global currency, and a one world government to control it.
Learn from your mistakes and march on.
  • #1,212,117
  • Mar 11, 2022 2:07pm Mar 11, 2022 2:07pm
Gov't is talking about taking over crypto and regulating it! They don't like us running around with our money supply they worked so hard to steal from us.
Founder of Sutherland Wave Principle
  • #1,212,118
  • Mar 11, 2022 2:12pm Mar 11, 2022 2:12pm
Quoting here2there
{quote} My opinion is fiat is on its way out. Digital currency will take its place. This will be a painful process. Bitcoin will likely become a global store of value, or the new digital gold, as it were. There is a belief that it may become the reserve currency, but I doubt this because it has serious issues, such as being slow, volatile, and expensive for moving funds. Digital currencies such as XRP and XLM are more suited for this. The Forex market will change over time. Our future in Forex is yet to be determined. This will eventually lead to...
If that happens governments will lose control on the economy. They can't support or stop growth and they can't control the national debt. Which is why countries probably never accept giving up fiat currencies. This was the whole point of leaving the gold standard and creating fiat anyways.
You have to have an IQ higher than 90 to interact with this user.
  • #1,212,119
  • Mar 11, 2022 2:18pm Mar 11, 2022 2:18pm
Quoting jmn5611
{quote} Bias. That is good to know.

You know, the USA has been fighting a fair few wars lately. And by lately, I mean the last 70 years or so.
  • #1,212,120
  • Mar 11, 2022 2:18pm Mar 11, 2022 2:18pm
Quoting suthmo
Gov't is talking about taking over crypto and regulating it! They don't like us running around with our money supply they worked so hard to steal from us.
Government claims everything it does is to 'protect people' when it in fact is to control them.
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