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Trading EURUSD only 43,756 replies

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EURUSD Only

  • #2,761
  • Feb 1, 2024 11:25pm Feb 1, 2024 11:25pm
NFP today
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  • #2,762
  • Feb 1, 2024 11:33pm Feb 1, 2024 11:33pm
Quoting Gelubrin
The next transaction? The US forecasts are weak. The chart shows sell. {image}
yes price and stoch 14,3,3 seem to have a divergence but i wish to wait for that fib level to confirm if it holds
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  • #2,763
  • Feb 1, 2024 11:38pm Feb 1, 2024 11:38pm
Quoting PatienceFx
{quote} yes price and stoch 14,3,3 seem to have a divergence but i wish to wait for that fib level to confirm if it holds {image}
and rsi 14 still above 50 level, signalling bullishness
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  • #2,764
  • Feb 1, 2024 11:58pm Feb 1, 2024 11:58pm
see how easy it is in deciding the next trade with

stoch 14,3,3
rsi 14
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  • #2,765
  • Feb 2, 2024 12:08am Feb 2, 2024 12:08am
Quoting PatienceFx
{quote} and rsi 14 still above 50 level, signalling bullishness {image}
I agree!

USA
The participation rate is below 70, which means a temporary decline. This causes the average hourly earnings to decrease and unemployment to increase. Most of the January data published in TE about LABOUR were pessimistic.
I may be wrong.
  • #2,766
  • Feb 2, 2024 12:21am Feb 2, 2024 12:21am
Quoting PatienceFx
see how easy it is in deciding the next trade with stoch 14,3,3 rsi 14 {image}
The divergence of RSI14, STOCH 14/3/3 against the price seems more visible on M30 compared to H1.
  • #2,767
  • Feb 2, 2024 12:26am Feb 2, 2024 12:26am
Quoting Cobra
I see a drop to this area soon... {image}
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Never Ever Give Up!
  • #2,768
  • Feb 2, 2024 12:42am Feb 2, 2024 12:42am
Quoting Cobra
{quote} {image}
this may be the more important one - for now:
(but - of course - there is also this scenario:
https://www.forexfactory.com/thread/...6#post14740716)
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  • #2,769
  • Feb 2, 2024 7:34am Feb 2, 2024 7:34am
Quoting Gelubrin
{quote} The divergence of RSI14, STOCH 14/3/3 against the price seems more visible on M30 compared to H1.
Good
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  • #2,770
  • Feb 2, 2024 12:29pm Feb 2, 2024 12:29pm
Quoting 7154Superman
{quote} Oof, I log on to Oanda just now, and the whole bullish scenario I saw this morning looks like it failed. Price action on EUR/USD looks really bearish. So, it remains to be seen, is it a bearish fakeout and final test of support zone to go up from here for the rest of this week, or is this the beginning of the non-stop mudslide to parity? I was occupied with driving taxi during FOMC so I couldn't focus on scalping the volatility. However, I did manage to close my old underwater shorts with small profits when FOMC news drove the price down...
Another wonderful trading day and week for me.
I didn't have much time to scalp or chat yesterday and today. I ended up getting mostly short drawdown yesterday, then today was redemption.
I still have lots of taxi work to do for the rest of the day, so now I closed all positions for today and this week. Will start over fresh on Monday. Vacation time!!
Trade Explorer update is in process now.

Live accounts start with $100 and Demo $100k.
Current Net Equity results from best to worst:

#1 Live $165.66 (+65.66%) (23 trading days)
#7 Live $149.43 (+49.43%) (12 trading days)
#6 Live $144.56 (+44.56%) (12 trading days)
#4 Live $144.39 (+44.39%) (13 trading days)
#8 Live $140.08 (+40.08%) (4 trading days)
#2 Live $135.18 (+35.18%) (17 trading days)
#3 Live $90.86 (-9.14%) (15 trading days)
#5 Live $84.10 (-15.90%) (13 trading days)

Combined results for live accounts:
Deposit = $800.00
Net Equity = $1,054.26
Profit +$254.26 (+31.78%) (4-23 trading days)

#9 Demo $182,134 (+82.13%) (8 trading days)
#11 Demo $180,056 (+80.06%) (8 trading days)
#8 Demo $149,688 (+49.69%) (21 trading days)

Combined results for demo accounts:
Deposit = $300,000
Net Equity = $511,878
Profit = $211,878 (+70.63%) (8-21 trading days)

Overall equivalent results of Live and Demo accounts combined ($200k Demo + Live %)
Deposit = $1,100,000
Net Equity = $2,620,398
Profit = $1,520,398 (+138.22%) (8-48 trading days)
Average = 24.18 trading days per account
(Demo + Live combined)
Average = +3.65% ROI per trading day compounded
You cannot fail if you never give up.
  • #2,771
  • Feb 2, 2024 1:05pm Feb 2, 2024 1:05pm
[quote=7154Superman;14741934]{quote}

What leverage do you use?
  • #2,772
  • Feb 2, 2024 1:55pm Feb 2, 2024 1:55pm
[quote=Gelubrin;14741973]
Quoting 7154Superman
{quote} What leverage do you use?
50:1 leverage from Oanda.com
You cannot fail if you never give up.
  • #2,773
  • Feb 2, 2024 2:08pm Feb 2, 2024 2:08pm
[quote=7154Superman;14742033]
Quoting Gelubrin
{quote} 50:1 leverage from Oanda.com
Leverage of 50. Does it mean that you paid for a eurusd lot about 2100$ margin?
  • #2,774
  • Feb 2, 2024 2:22pm Feb 2, 2024 2:22pm
Quoting aahmad29
{quote} February 02, 2024 EURUSD How to Use FIBO Volatility levels? Here is full detail with chart and pending orders. On the chart, there are two lines. Blue and Pink. Price levels on blue line are for Buy Stop order. Price levels on pink line are for Sell Stop order. Blue line (Buy Stop order) start at the level of 0.236 ( you can check the price tag of each level on the chart). Pink line (Sell Stop Order) start at the level of 0.236 ( you can check the price tag of each level on the chart). Area between Blue line 0.236 and Pink line 0.236 is...

Buy Stop triggered and hit both TP1 and TP2
Love for all; Hatred for none.
  • #2,775
  • Feb 2, 2024 2:36pm Feb 2, 2024 2:36pm
[quote=7154Superman;14742033]
Quoting Gelubrin
{quote} 50:1 leverage from Oanda.com
How does a 3000 leverage look to you? That is, a eurusd lot would require a margin of approximately $36.
Calculation: 108000:3000= 36.

But for this lever a greater degree of precision is needed.
  • #2,776
  • Feb 2, 2024 5:48pm Feb 2, 2024 5:48pm
[quote=Gelubrin;14742049]
Quoting 7154Superman
{quote} Leverage of 50. Does it mean that you paid for a eurusd lot about 2100$ margin?
That's correct.
50:1 is the maximum leverage allowed in the USA. And I'm fine with that. Because any more higher leverage is too hard to control, especially for someone like me who tends to go all out with high risk trading. I function better when my level of risk is limited and I'm not able to go past that. So then I will work to maximize the results with the leverage I do have. In the end, it pays off because it's not so tricky to avoid losing, and it's easier to get into a habitual system of trading. In this case, "less is more" as in available leverage. It becomes stress free trading, so you can trade all day every day without getting burnt out. And keep compounding your growth the whole time.
Think about it. +3.65% ROI per day, compounded. Starting from $100, how long will it take to reach $1 Million if you don't withdraw profits? 257 trading days (51 weeks, 2 days). Almost exactly 1 year.
If I can accomplish that with 50:1 leverage, then there is no need for 3,000:1 leverage. With that higher leverage, I'm more likely to blow my account along the way. Not a good idea.
+3.65% ROI per day can be achieved by winning only 7.9 pips on EUR/USD once per day using all your margin with 50:1 leverage.
Sounds easy enough, right? Well, if it were that easy, then everybody would do it. It's true, you can win 10 times in a row, but then all it takes is one mistake and all your profit is gone. Now that defeats your morale, triggering reckless high risk revenge trading, etc.. I went through that cycle countless times, all to no avail. So, no more of that. I will stick to my winning scalping/hedge trading system.
I have 2 mottos:
#1. Be content with small gains. It all adds up over time.
#2. You cannot fail if you never give up.
It works.
You cannot fail if you never give up.
  • #2,777
  • Feb 2, 2024 7:46pm Feb 2, 2024 7:46pm
As far as I know, leverage doesn't determine risk; the risk is given by the size of the transaction. The allocated margin and a small amount for the price variation constitute the amount I can afford to lose if the transaction fails. Thus, if I buy a lot of eurusd with a leverage of 50 and the transaction fails, I will lose $2100. And if I buy a eurusd lot with a leverage of 3000 and the transaction fails, I will lose $36. Price variations are added to this amount. On the respective platform, we keep only the necessary margin and a small amount for price variations, the amount that can be lost. Conclusion: the size of the transaction determines the risk; the lever does not.
  • #2,778
  • Feb 2, 2024 11:35pm Feb 2, 2024 11:35pm
Quoting 7154Superman
{quote} Another wonderful trading day and week for me. I didn't have much time to scalp or chat yesterday and today. I ended up getting mostly short drawdown yesterday, then today was redemption. I still have lots of taxi work to do for the rest of the day, so now I closed all positions for today and this week. Will start over fresh on Monday. Vacation time!! Trade Explorer update is in process now. Live accounts start with $100 and Demo $100k. Current Net Equity results from best to worst: #1 Live $165.66 (+65.66%) (23 trading days) #7 Live...
My Trade Explorer is now fully updated.
You cannot fail if you never give up.
  • #2,779
  • Edited 12:38am Feb 3, 2024 12:20am | Edited 12:38am
[quote=7154Superman


I'm sorry to contradict you, but the profit or loss from the price variation is the same for a lot with a leverage of 50 or 3000.

Only the allocated margin is different: $2100 or $36 approximately.
  • #2,780
  • Feb 3, 2024 9:16am Feb 3, 2024 9:16am
[quote=Gelubrin;14742261][quote=7154Superman I'm sorry to contradict you, but the profit or loss from the price variation is the same for a lot with a leverage of 50 or 3000. Only the allocated margin is different: $2100 or $36 approximately.[/quote]

I'm sorry. You're right. What I wasn't realizing was that, say, 3,000:1 leverage can buy 60 lots for $2,100, so the risk is 60 times more than with 50:1 leverage IF YOU USE ALL YOUR AVAILABLE MARGIN.
You're talking about simply not using all that margin recklessly, and still trade just 1 lot as if you had a 50:1 leverage account, and so being able to diversity funds much easier when the opportunity is presented.
In that case, if I could discipline myself properly, it would be great to have 3,000:1 leverage. But in the USA, it's not possible with regulated brokers.
I see your point now. I was wrong. Again, I'm sorry. I will delete my above related post to avoid confusion to readers.
You cannot fail if you never give up.
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