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EURUSD

  • #1,219,541
  • Oct 18, 2022 6:16am Oct 18, 2022 6:16am
update
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Trendlines H1,H4, SMC
  • #1,219,542
  • Edited 9:38am Oct 18, 2022 8:30am | Edited 9:38am
I'm searching for means to determine if the current price action will be enough to push this pair beyond the previous high of .9997 level...

Any suggestion what indicator(s) should I look for? Thanks!
"No trade is still a trade." - Peter Borish
  • #1,219,543
  • Oct 18, 2022 8:45am Oct 18, 2022 8:45am
Quoting Lbrto
I'm searching for means to determine if the current price action will be enough to push this pair beyond the previous high of .9997 level... Any suggestion what indicator(s) should I look for? Thanks!

In case you hadn't noticed, the charts we all post on here are garbage, retail day traders lose money and this is all a waste of time unless you enjoy gambling. Good luck in your search for the Philosopher's Stone.
  • #1,219,544
  • Oct 18, 2022 8:46am Oct 18, 2022 8:46am
Quoting josip
update {image}

Absolutely no use whatsoever, to man nor beast.
  • #1,219,545
  • Oct 18, 2022 9:48am Oct 18, 2022 9:48am
Quoting JauntyLoon
{quote} Absolutely no use whatsoever, to man nor beast.
because you can't read with understanding
Trendlines H1,H4, SMC
  • #1,219,546
  • Edited 10:01pm Oct 18, 2022 6:25pm | Edited 10:01pm
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Don't Blame Friend Analysis .... If it's useful to use ... if it's useless, don't use ... trading according to their respective trading plans ... All posts are just a picture of information, unless you can move prices

sideways, liquidity, trend ... ready to move, not yeat ready to move, not interest ... factor to read

Not all Smart Money efforts immediately succeed ... Efforts to make/stop the trend can be dragged or often not immediately happening
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price will be drop after all/big order buy has been absorb .....
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I often call liquidity = fake trend
WITH RENKO TF H1
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DONCHIAN CHANNEL WITH USE PRINCIPLE CHIKOU SPAN FROM ICHIMOKU
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ONLY WITH WYCKOF METHOD CAN SEE PROCESS SIDEWAYS AND TREND WITH COMPLETE VIEWS .... BUT ABOUT TOOLS UP TO YOU .... SOME WYCKOFFIAN USE PNF CHART TO SEE THE PATTERN , RANGE DAN TARGET .... I USE RENKO DAN FIBONACCI WITH MODIFY LEVEL (USE LAW 2 = CAUSE AND EFFECT) .... BUT TO SEE SUPPLY AND DEMAND = USE BAR CHART/CHANDLESTICK CHART + VOLUME INDICATOR, BUT.... BECAUSE VOLUME IN FOREX = PSEUDO .... WE ARE ONLY USE TICK VOLUME DUE TO THE OVER COUNTER MARKET (OTC) /DECENTRALIZED MARKET .... BETTER USE VOLUME INDICATOR IN INTRADAY TF
The Average Discount Everything
  • #1,219,547
  • Oct 19, 2022 1:20am Oct 19, 2022 1:20am
Regrettably, but also with respect to all, I have to agree with Loon on this one. The risk of ruin retail investors experience with this FX space, especially with leverage.

I don't think it's realistic to expect to get rich from FX trading. There are dreams being sold, openly and publicly to retail that are simply not attainable. I may be pointing out the obvious, but sometimes common sense just isn't that common, when stimuli of quick money override all rational thinking.

Something like 10x your deposit from $1k to $10k is not impossible, but you just can't do that continuously every week, or month. That sort of gain was simply unsustainable. There are other assets out there that can grow at those exponential rates, and FX isn't one of them.

A risk free way is to invest long term. I don't know what are the usual average return retail trader get, but judging from the many threads and posts, I believe there are jobs in the industry out there with pay that outcompete average returns. The way I see FX for retail is more of a retirement pastime. You earned enough from your career, saved up a retirement pot and now have a carefree life. You now want to grow this pot, beating inflation and invest for your future. You allocate a small portion of your savings into FX, so you have a routine to play with everyday, like a meaningful job, but with a purpose and aim, doing a respectable 20-25% return a year.
  • #1,219,548
  • Edited 2:51am Oct 19, 2022 1:59am | Edited 2:51am
The way big money does it is they have passive investments and active investments/trading...

From what I've heard so far, the passive portion outweighs the active portion in a basket.

And from experience meanwhile, if you don't have the capital or patience to pool resources for passive investing, you just have to learn the ropes and discipline of active trading in order to build your nest egg...

Returned to forex just two months ago and I am still trying to recoup lost capital at present --- recovered the previous loss but lost it again just a few days after. I am still learning and continuously refining my trading method. Hopefully I can shorten the learning curve further.

All is not lost.
"No trade is still a trade." - Peter Borish
  • #1,219,549
  • Oct 19, 2022 2:19am Oct 19, 2022 2:19am
Quoting cchin
Regrettably, but also with respect to all, I have to agree with Loon on this one. The risk of ruin retail investors experience with this FX space, especially with leverage. I don't think it's realistic to expect to get rich from FX trading. There are dreams being sold, openly and publicly to retail that are simply not attainable. I may be pointing out the obvious, but sometimes common sense just isn't that common, when stimuli of quick money override all rational thinking. Something like 10x your deposit from $1k to $10k is not impossible, but you...
Ηι Cchin. Thanks for your nice post. You are a man or woman ...??? Hope we see you more often .

Kind regards,

  • #1,219,550
  • Oct 19, 2022 2:32am Oct 19, 2022 2:32am
Quoting Lbrto
The way big money does it is they have passive investments and active investments/trading... From what I've heard so far, the passive outweighs the active. And from experience meanwhile, if you don't have the capital or patience to pool resources for passive investing, you just have to learn the ropes and discipline of active trading in order to build your nest egg... Returned to forex just two months ago and I am still trying to recoup lost capital at present --- recovered the previous loss but lost it again just a few days after. I am still learning...
I am in recovery mode just like you. I started trading far back in 2015. I lost a lot. I left. I got back in 2020. That was when I registered on this forum. Before now, I have just been following the news. I made just a little profit and lost even more.

I just returned a few months back and I am so determined to recover all I have lost from inception. The biggest profit I have made is from USDJPY. I made over $1,500 in a week. The biggest lost I have made is from GBPUSD. Lost over $1,600.

I WILL RECOVER ALL!!!

Just be patient... and trade well this time.
Please join me in my journey for 100 perfect trades. See my journal!
  • #1,219,551
  • Oct 19, 2022 2:37am Oct 19, 2022 2:37am
Quoting fleps
{quote} I am in recovery mode just like you. I started trading far back in 2015. I lost a lot. I left. I got back in 2020. That was when I registered on this forum. Before now, I have just been following the news. I made just a little profit and lost even more. I just returned a few months back and I am so determined to recover all I have lost from inception. The biggest profit I have made is from USDJPY. I made over $1,500 in a week. The biggest lost I have made is from GBPUSD. Lost over $1,600. I WILL RECOVER ALL!!! Just be patient... and trade...
Seems like we share the same experience.

Did my first trade in 2008. Fund got busted. I returned just late-August.
"No trade is still a trade." - Peter Borish
  • #1,219,552
  • Oct 19, 2022 2:41am Oct 19, 2022 2:41am
If you're struggling go to higher time frames, be disciplined (endure the momentary loses), it's much easier to make money.

On scalping/trading i think the problem is people want to get rich doing it when it's much harder then being patient in the higher time frames.
  • #1,219,553
  • Oct 19, 2022 2:50am Oct 19, 2022 2:50am
Quoting fleps
{quote} I am in recovery mode just like you. I started trading far back in 2015. I lost a lot. I left. I got back in 2020. That was when I registered on this forum. Before now, I have just been following the news. I made just a little profit and lost even more. I just returned a few months back and I am so determined to recover all I have lost from inception. The biggest profit I have made is from USDJPY. I made over $1,500 in a week. The biggest lost I have made is from GBPUSD. Lost over $1,600. I WILL RECOVER ALL!!! Just be patient... and trade...
Lbrto and fleps hi.

May I suggest something usefull...? Your losses stem from ONE source . . . . Your knowledge is inadequate. You must increase your knowledge and experience in order to become profitable. This task needs 2 things .

1- Effort. i.e. reading. A LOT of reading.
2- The reading needs TIME and devotion .

While you are on this proccess do not trade real money .

My 2 cents . . .
Good luck. [ by the way ....there is no such think as Luck... ]

  • #1,219,554
  • Oct 19, 2022 3:02am Oct 19, 2022 3:02am
Quoting F.g
....there is no such think as Luck... ]
or bad luck/anyone trying to get you.
If you're constantly going the other way from the trades, you should just stop, try to see what you're doing wrong, go read, there's some good books, test several indicators but learn what they do, it's a good learning technique, try, try, try, learn, learn, learn.

You should be getting closer with each fail, or you're doing it wrong.


But what i really recommend 1st is leaving all the indicators, and learn price action on the higher time frames. That's the secret to this all thing.
  • #1,219,555
  • Oct 19, 2022 4:06am Oct 19, 2022 4:06am
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I am taking my prfts on shorts , here , now.

  • #1,219,556
  • Oct 19, 2022 4:09am Oct 19, 2022 4:09am
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and started building longs...crew...

  • #1,219,557
  • Oct 19, 2022 4:12am Oct 19, 2022 4:12am
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BP H. --- and longs here too, slowly. . . . No harry....we have time...

  • #1,219,558
  • Oct 19, 2022 4:19am Oct 19, 2022 4:19am
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$JY H. --- Be careful with that....Surprises are coming sooon.......

  • #1,219,559
  • Oct 19, 2022 5:13am Oct 19, 2022 5:13am
The downtrend lost steam for now. Now on to 0.95, i need my real money and i hold my short through all this
  • #1,219,560
  • Oct 19, 2022 6:11am Oct 19, 2022 6:11am
Quoting F.g
{image} $JY H. --- Be careful with that....Surprises are coming sooon.......
EXACTLY! 150.000 is a monumental psychological level and what do you know tomorrow there's news in store. Technically I'm EURUSD bearish but I wouldn't touch shorts until I get Japan's 150.000 reaction.
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