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EURUSD only

  • #147,281
  • Apr 5, 2022 2:26pm Apr 5, 2022 2:26pm
Quoting ScalaFX
{quote} Im still buying and what? That is wrong? Im selling too and that is wrong ?
Haha .. that's exactly a dumb money definition
You're better doing some scalping
  • #147,282
  • Apr 5, 2022 2:29pm Apr 5, 2022 2:29pm
Quoting John4y
{quote} Haha .. that's exactly a dumb money definition You're better doing some scalping
Finally I will take your money to my pocket, happy trading, you are not in my level
People don't plan to lose. They lose because they don't plan.
  • #147,283
  • Apr 5, 2022 2:30pm Apr 5, 2022 2:30pm
Quoting Sbygneus
{quote} time to start buying
Quoting John4y
{quote} Not yet, SL cluster around 1.0885 still having BB's attention while building
Check out my earlier indication
  • #147,284
  • Apr 5, 2022 2:31pm Apr 5, 2022 2:31pm
Tako eating Bear saying Hi mates!

First off, I appreciate you all!

So here are my personal views on the last posts, if you don't mind. Each of us use different strategies that end up working on the long run.

So no matter if one buys or sells, the bigger picture remains.

One trade is nothing.

Beginning of last week I was selling when everyone most was buying, cut most of my losses short, and accepted a certain drawdown, after which I went *3 return/drawdown. And we don't eve know what are the particulars of any traders MM... Just saying, let's not lose our efforts on judging each others trades in the moment and just because they are of opposite direction and let's concentrate on sharing and constructive understanding.

In a sense and in many other, I see us as trading mates. That is one of the beauties of Ata's thread : we are also a family.

I hope you are with me on that, but if not, I just as much appreciate your view and support you. Cheers to that mates!
Attached Image (click to enlarge)
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #147,285
  • Apr 5, 2022 2:31pm Apr 5, 2022 2:31pm
Quoting ScalaFX
{quote} Finally I will take your money to my pocket, happy trading, you are not in my level
Whaaa .. I'm on the collectors side
  • #147,286
  • Apr 5, 2022 2:35pm Apr 5, 2022 2:35pm
Bought again @ 0901 off a 30 minute demand zone. Let's see if it holds.
  • #147,287
  • Apr 5, 2022 2:39pm Apr 5, 2022 2:39pm
Quoting mtako
Tako eating Bear saying Hi mates! First off, I appreciate you all! So here are my personal views on the last posts, if you don't mind. Each of us use different strategies that end up working on the long run. So no matter if one buys or sells, the bigger picture remains. One trade is nothing. Beginning of last week I was selling when everyone most was buying, cut most of my losses short, and accepted a certain drawdown, after which I went *3 return/drawdown. Just saying, let's not lose our efforts on judging each others trades in the moment and just...
Well said like always mtako!
You are 100% right! Im calming now when I reading this, cheers buddy!
People don't plan to lose. They lose because they don't plan.
  • #147,288
  • Apr 5, 2022 2:40pm Apr 5, 2022 2:40pm
Quoting John4y
{quote} Whaaa .. I'm on the collectors side
I wish you stay in this site, cheers!
People don't plan to lose. They lose because they don't plan.
  • #147,289
  • Apr 5, 2022 2:46pm Apr 5, 2022 2:46pm
Quoting ScalaFX
{quote} I wish you stay in this site, cheers!
I just put my information here to help whoever needs it
Don't forget, 85% of retail trading is dumb money and floating into BB's pockets
Only 15% of retail traders are on the win side
  • #147,290
  • Apr 5, 2022 2:53pm Apr 5, 2022 2:53pm
Quoting John4y
{quote} I just put my information here to help whoever needs it Don't forget, 85% of retail trading is dumb money and floating into BB's pockets Only 15% of retail traders are on the win side
Like I said, wish you stay in that 15% buddy, green pips to you!
People don't plan to lose. They lose because they don't plan.
  • #147,291
  • Apr 5, 2022 3:00pm Apr 5, 2022 3:00pm
Quoting Mitiblotch
{quote} Wow! Excellent advice. Please help share the tops and bottoms. That'll help members a lot.
No one can predict the tops and bottoms consistentlyI only go with the trend and use the trade protection insurance, so I pay 30 pips on the EURUSD sell trade, and I get 2 days insurance in return. So if the market goes against me 200 pips, I will still be in the market and all I can ever lose is the 30 pips that I paid for the insurance. and ofcourse I keep all the profits I make.So, I don't use the stupid stoploss and I don't care about the tops and bottoms. the market will never trap me because I dont use a stoploss.All I care about is going with the trend and collecting 10%-20% profits on my trades. I am extremely happy with that
  • #147,292
  • Apr 5, 2022 3:07pm Apr 5, 2022 3:07pm
Quoting fxsavvy1
{quote} No one can predict the tops and bottoms consistently ...
Thanks. That's the point.
  • #147,293
  • Apr 5, 2022 3:08pm Apr 5, 2022 3:08pm
Quoting Zookeeper85
keeping sentiment in mind is often a good idea.. you know it's a trend when majority of traders a positioned onesided Trader sentiment (fxblue.com)

86% is long according to that data in EURUSD. That is a large percentage. How much was the percentage in the morning?
  • #147,294
  • Edited 3:21pm Apr 5, 2022 3:09pm | Edited 3:21pm
Quoting fxsavvy1
{quote} No one can predict the tops and bottoms consistentlyI only go with the trend and use the trade protection insurance, so I pay 30 pips on the EURUSD sell trade, and I get 2 days insurance in return. So if the market goes against me 200 pips, I will still be in the market and all I can ever lose is the 30 pips that I paid for the insurance. and ofcourse I keep all the profits I make.So, I don't use the stupid stoploss and I don't care about the tops and bottoms. the market will never trap me because I dont use a stoploss.All I care about is...
Super fxsavvy1,
that way BB's have nothing to grasp with you
  • #147,295
  • Apr 5, 2022 3:14pm Apr 5, 2022 3:14pm
Quoting Eren10
{quote} 86% is long according to that data in EURUSD. That is a large percentage. How much was the percentage in the morning?
around 80%
  • #147,296
  • Apr 5, 2022 3:18pm Apr 5, 2022 3:18pm
Quoting fxsavvy1
{quote} No one can predict the tops and bottoms consistentlyI only go with the trend and use the trade protection insurance, so I pay 30 pips on the EURUSD sell trade, and I get 2 days insurance in return. So if the market goes against me 200 pips, I will still be in the market and all I can ever lose is the 30 pips that I paid for the insurance. and ofcourse I keep all the profits I make.So, I don't use the stupid stoploss and I don't care about the tops and bottoms. the market will never trap me because I dont use a stoploss.All I care about is...

The insurance sounds interesting, which company provides that insurance?
  • #147,297
  • Apr 5, 2022 3:19pm Apr 5, 2022 3:19pm
So now that we've finally gone below the low of the last 3 weeks candles, breaking two weekly bulls horns in a measly 2 days, I reckon that this week could just as well make usage of some weekly superpowers and close below the low of the YEAR

Or do bulls got their green light at last !?

I am trading a little more with that first crazy outcome in mind.

I do my best to prepare for every and any scenario I know of or can imagine, even the ones that happen on the rarest of occasions (as some of you may have noticed, I have a weak spot for those). Even the ones where the close of the week is right back above 1050(remembering last week's up wick, among others!).

Thanks John4y and everyone for your constructive input. Sorry if I seemed to imply otherwise... More importantly, you guys reminded me of what I like about this place.

Cheers mates, reading time for me, take good care now!
Attached Image (click to enlarge)
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #147,298
  • Edited 3:51pm Apr 5, 2022 3:24pm | Edited 3:51pm
Quoting Eren10
{quote} 86% is long according to that data in EURUSD. That is a large percentage. How much was the percentage in the morning?
Quoting Zookeeper85
{quote} around 80%
Illustration of what "retail dumb" money means about
  • #147,299
  • Apr 5, 2022 3:26pm Apr 5, 2022 3:26pm
Quoting Eren10
{quote} The insurance sounds interesting, which company provides that insurance?
If you reside in the US, you won't be able to use it. However, if you qualify for it, it will change your trading for ever

You can trade 1 standard lot on a $1K account and feel comfortable. check this video

Inserted Video
  • #147,300
  • Apr 5, 2022 4:14pm Apr 5, 2022 4:14pm
Quoting fxsavvy1
{quote} If you reside in the US, you won't be able to use it. However, if you qualify for it, it will change your trading for ever You can trade 1 standard lot on a $1K account and feel comfortable. check this video https://youtu.be/LuQGObXj1go

Thanks. I will investigate this. I am already thinking of opening a demo account too see how beneficial this can be.
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