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  • #1,223,361
  • Feb 8, 2024 8:46am Feb 8, 2024 8:46am
Quote
So, I woke up this morning to see EUR/USD price down to 1.0943 area, and closed some shorts with good profit, and added longs.
Yesterday, I was left with short drawdown. I did manage to scalp some both ways.
At this point, I have 3 long and 3 short positions.

How come it is 1.0943?
Use the fundamental analysis for a better trade decision.
  • #1,223,362
  • Edited 12:57pm Feb 8, 2024 11:46am | Edited 12:57pm
Quoting mpmvfew
{quote} How come it is 1.0943?
Sorry, it's a typo. I fixed it now.
I never noticed it until you pointed it out. Thanks.
You cannot fail if you never give up.
  • #1,223,363
  • Feb 8, 2024 3:15pm Feb 8, 2024 3:15pm
Quoting aahmad29
{quote} February 08, 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...
Sell Stop triggered and hit both TP1 and TP2

Buy Stop triggered and hit TP1 and SL moved to BE but then SL hit at BE
Love for all; Hatred for none.
  • #1,223,364
  • Feb 8, 2024 3:40pm Feb 8, 2024 3:40pm
Quoting aahmad29
{quote} Sell Stop triggered and hit both TP1 and TP2 Buy Stop triggered and hit TP1 and SL moved to BE but then SL hit at BE
February 09, 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 no trade zone.
Today’s positions (Check Price tag on chart in video)
Buy Stop (Blue Line) 0.236, TP1 0.382 (BE), TP2 0.5, SL Sell Side 0.236
Sell Stop (Pink Line)0.236, TP1 0.382 (BE), TP2 0.5, SL Buy Side 0.236

Inserted Video
Love for all; Hatred for none.
  • #1,223,365
  • Feb 8, 2024 9:07pm Feb 8, 2024 9:07pm
Quoting 7154Superman
{quote} So, I woke up this morning to see EUR/USD price down to 1.0743 area, and closed some shorts with good profit, and added longs. Yesterday, I was left with short drawdown. I did manage to scalp some both ways. At this point, I have 3 long and 3 short positions. Live accounts start with $100 and Demo $100k. Current Net Equity results from best to worst: #4 Live $173.14 (+73.14%) (17 trading days) #1 Live $165.66 (+65.66%) (27 trading days) #7 Live $158.89 (+58.89%) (19 trading days) #8 Live $149.94 (+49.94%) (8 trading days) #2 Live $146.53...
My #8 Demo has reached +100% today (Thursday), and is now upgraded to #10 Live.
Only 1 demo account left.
At this point, I have 5 EUR/USD short positions, TP = 1.07. Watching price action to determine if I want to open some long positions to hedge the shorts. It kinda looks like it wants to fly first tomorrow before dumping, but I'm not so sure yet. It might just dump straight down from here at 1.0777 to 1.07 and below.

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

#4 Live $173.14 (+73.14%) (17 trading days)
#1 Live $165.66 (+65.66%) (27 trading days)
#2 Live $165.17 (+65.17%) (21 trading days)
#7 Live $158.89 (+58.89%) (19 trading days)
#8 Live $149.94 (+49.94%) (8 trading days)
#9 Live $111.59 (+11.59%) (4 trading days)
#6 Live $108.91 (+8.91%) (16 trading days)
#5 Live $100.91 (+0.91%) (17 trading days)
#10 Live $100.77 (+0.77%) 1 trading day)
#3 Live $85.04 (-14.96%) (19 trading days)

Combined results for live accounts:
Deposit = $1,000.00
Net Equity = $1,320.02
Profit +$320.02 (+32.00%) (1-27 trading days)

#9 Demo $165,637 (+65.64%) (12 trading days)

Overall equivalent results of Live and Demo accounts combined (11 demo accounts up to $200k + Live %)
Deposit = $1,100,000
Net Equity = $2,805,677
Profit = $1,705,677 (+155.06%) (12-52 trading days)

Average 28.18 trading days per account (11 Demo + Live accounts combined)
Average +3.38% ROI per trading day compounded.
You cannot fail if you never give up.
  • #1,223,366
  • Feb 9, 2024 3:28pm Feb 9, 2024 3:28pm
Quoting 7154Superman
{quote} My #8 Demo has reached +100% today (Thursday), and is now upgraded to #10 Live. Only 1 demo account left. At this point, I have 5 EUR/USD short positions, TP = 1.07. Watching price action to determine if I want to open some long positions to hedge the shorts. It kinda looks like it wants to fly first tomorrow before dumping, but I'm not so sure yet. It might just dump straight down from here at 1.0777 to 1.07 and below. Live accounts start with $100 and Demo $100k. Current Net Equity results from best to worst: #4 Live $173.14 (+73.14%)...
Another interesting day. Lots of scalping done both ways on EUR/USD with good profit.
At this point, I have 7 shorts on EUR/USD. The plan is to hold them through the weekend. My gut tells me there is a good possibility for a gap down before market open and target 1.06 or lower next week.
But I may be wrong. Don't follow me blindly.
I will update my Trade Explorer sometime this weekend.

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

#4 Live $173.14 (+73.14%) (18 trading days)
#1 Live $165.66 (+65.66%) (28 trading days)
#2 Live $165.17 (+65.17%) (22 trading days)
#7 Live $158.89 (+58.89%) (17 trading days)
#8 Live $154.37 (+54.37%) (9 trading days)
#9 Live $119.22 (+19.22%) (5 trading days)
#5 Live $116.95 (+16.95%) (18 trading days)
#10 Live $109.19 (+9.19%) 2 trading days)
#6 Live $103.26 (+3.26%) (17 trading days)
#3 Live $80.11 (-19.89%) (20 trading days)

Combined results for live accounts:
Deposit = $1,000.00
Net Equity = $1,345.96
Profit +$345.96 (+34.60%) (2-28 trading days)

#9 Demo $157,315 (+57.32%) (13 trading days)

Overall equivalent results of Live and Demo accounts combined (11 demo accounts up to $200k + Live %)
Deposit = $1,100,000
Net Equity = $2,849,235
Profit = $1,749,235 (+159.02%) (13-53 trading days)

Average 29.18 trading days per account (11 Demo + Live accounts combined)
Average +3.32% ROI per trading day compounded.
You cannot fail if you never give up.
  • #1,223,367
  • Feb 11, 2024 10:33am Feb 11, 2024 10:33am
Quoting 7154Superman
{quote} Another interesting day. Lots of scalping done both ways on EUR/USD with good profit. At this point, I have 7 shorts on EUR/USD. The plan is to hold them through the weekend. My gut tells me there is a good possibility for a gap down before market open and target 1.06 or lower next week. But I may be wrong. Don't follow me blindly. I will update my Trade Explorer sometime this weekend. Live accounts start with $100 and Demo $100k. Current Net Equity results from best to worst: #4 Live $173.14 (+73.14%) (18 trading days) #1 Live $165.66 (+65.66%)...
My Trade Explorer is updated. I have 10 live accounts and 1 demo. But I can only display 8 Trade Explorers. So, I displayed the live accounts with the best results.
You cannot fail if you never give up.
  • #1,223,368
  • Feb 11, 2024 12:17pm Feb 11, 2024 12:17pm
Andvk74 showed the following chart for EUR/USD for the weekend.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20240211-130807.png Size: 21 KB
But on Xe.com, I see the following chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20240211-130649.png Size: 41 KB

Here, you can see price went sideways and slightly down over the weekend, not up. So, who is right? I have never see Xe.com being wrong. It has always matched Oanda price when market opened.
You cannot fail if you never give up.
  • #1,223,369
  • Feb 11, 2024 2:33pm Feb 11, 2024 2:33pm
Summary Opinion on EURUSD

The dominant technical structure of EURUSD is bearish. Although there could be a northward market engineering, it would be short lived. Technically, any bullish momentum would be for short-term liquidity grab. In my opinion, a southward directional trading would be more sustainable than a northward one. Technically, except you are a scalper, it is preferable to await a bullish weakness and look for a sell trading opportunity at an intra-day area of value.

Just my opinion. Trade safe.

KP
Do your homework, follow the footprints of smart money
  • #1,223,370
  • Feb 12, 2024 2:29am Feb 12, 2024 2:29am
#EURUSD / H4
Attached Image (click to enlarge)
Click to Enlarge Name: Wg6O0Bf.png Size: 28 KB
  • #1,223,371
  • Feb 12, 2024 5:10pm Feb 12, 2024 5:10pm
Quoting 7154Superman
{quote} Another interesting day. Lots of scalping done both ways on EUR/USD with good profit. At this point, I have 7 shorts on EUR/USD. The plan is to hold them through the weekend. My gut tells me there is a good possibility for a gap down before market open and target 1.06 or lower next week. But I may be wrong. Don't follow me blindly. I will update my Trade Explorer sometime this weekend. Live accounts start with $100 and Demo $100k. Current Net Equity results from best to worst: #4 Live $173.14 (+73.14%) (18 trading days) #1 Live $165.66 (+65.66%)...
Another interesting day. Lots of scalping done both ways on EUR/USD with good profit.
At this point, I have 4 shorts on EUR/USD.
I'm excited to see what might happen tomorrow for CPI news.

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

#4 Live $173.14 (+73.14%) (19 trading days)
#7 Live $165.86 (+65.86%) (18 trading days)
#1 Live $165.66 (+65.66%) (29 trading days)
#2 Live $165.17 (+65.17%) (23 trading days)
#8 Live $158.51 (+58.51%) (10 trading days)
#9 Live $129.69 (+29.69%) (6 trading days)
#5 Live $129.47 (+29.47%) (19 trading days)
#10 Live $120.21 (+20.21%) 3 trading days)
#6 Live $110.79 (+10.79%) (18 trading days)
#3 Live $85.77 (-14.23%) (21 trading days)

Combined results for live accounts:
Deposit = $1,000.00
Net Equity = $1,404.27
Profit +$404.27 (+40.43%) (3-29 trading days)

#9 Demo $168,713 (+68.71%) (14 trading days)

Overall equivalent results of Live and Demo accounts combined (11 demo accounts up to $200k + Live %)
Deposit = $1,100,000
Net Equity = $2,977,253
Profit = $1,877,253 (+170.66%) (14-54 trading days)

Average 30.18 trading days per account (11 Demo + Live accounts combined)
Average +3.35% ROI per trading day compounded.
You cannot fail if you never give up.
  • #1,223,372
  • Edited 12:49pm Feb 13, 2024 8:01am | Edited 12:49pm
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 61 KB


Price was at 1.0780 when I pressed the sell button. . . . .And it was executed at 1.0735 . . . . . .@@@!!!

  • #1,223,373
  • Feb 13, 2024 8:08am Feb 13, 2024 8:08am
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 50 KB


My situation in BP today. No SL or target as yet.....

  • #1,223,374
  • Edited 10:14am Feb 13, 2024 9:53am | Edited 10:14am
Quoting 7154Superman
{quote} Another interesting day. Lots of scalping done both ways on EUR/USD with good profit. At this point, I have 4 shorts on EUR/USD. I'm excited to see what might happen tomorrow for CPI news. Live accounts start with $100 and Demo $100k. Current Net Equity results from best to worst: #4 Live $173.14 (+73.14%) (19 trading days) #7 Live $165.86 (+65.86%) (18 trading days) #1 Live $165.66 (+65.66%) (29 trading days) #2 Live $165.17 (+65.17%) (23 trading days) #8 Live $158.51 (+58.51%) (10 trading days) #9 Live $129.69 (+29.69%) (6 trading days)...
I didn't have the chance to prepare for, or trade the CPI news because of driving through a snowstorm in my area.
But I was fortunate because I was net short with 1 long and 4 short positions when CPI news hit and EUR/USD price dropped like a stone.
I got in late, closed all shorts and scalped a few more longs and shorts with good profit.
Currently, I have 1 short and 2 long positions. Need to take a nap now.
My last (#9) demo account has now reached +100%. I replaced it with #11 Live account of $100.
There are no more demo accounts being traded for the time being.

All 11 demo accounts started at $100k and ended at $200k.
All live accounts started with $100.
Current Net Equity results from best to worst:

#4 Live $173.14 (+73.14%) (20 trading days)
#7 Live $165.86 (+65.86%) (19 trading days)
#1 Live $165.66 (+65.66%) (30 trading days)
#2 Live $165.17 (+65.17%) (24 trading days)
#8 Live $158.51 (+58.51%) (11 trading days)
#6 Live $143.34 (+43.34%) (19 trading days)
#5 Live $133.04 (+33.04%) (20 trading days)
#9 Live $129.69 (+29.69%) (7 trading days)
#3 Live $113.91 (+13.91%) (22 trading days)
#11 Live $108.47 (+8.47%) (1 trading day)
#10 Live $92.04 (-7.96%) 4 trading days)

Combined results for live accounts:
Deposit = $1,100.00
Net Equity = $1,548.83
Profit +$448.83 (+40.80%) (1-30 trading days)

Overall equivalent results of Live and Demo accounts combined (11 demo accounts @ $200k each + Live %)
Deposit = $1,100,000
Net Equity = $3,097,660
Profit = $1,997,660 (+181.61%) (15-55 trading days)

Average 31.18 trading days per account (11 Demo + Live accounts combined)
Average +3.38% ROI per trading day (+18.08% per week) compounded.
You cannot fail if you never give up.
  • #1,223,375
  • Feb 13, 2024 9:55am Feb 13, 2024 9:55am
Quoting F.g
{image} Price was at 1.0780 when I pressed the sell button. . . . .And it was executed at 1.08 35 . . . . . .@@@!!!
You mean your sell position was executed at 1.0735. yeah, that's a bummer....
You cannot fail if you never give up.
  • #1,223,376
  • Feb 13, 2024 12:51pm Feb 13, 2024 12:51pm
Quoting 7154Superman
{quote} You mean your sell position was executed at 1.0735. yeah, that's a bummer....
Yeah.... I corrected the fault... I meant 1.07 35 ...............

  • #1,223,377
  • Feb 13, 2024 1:08pm Feb 13, 2024 1:08pm
price can go anywhere again.no divergence.
EA.
M30.
  • #1,223,378
  • Feb 13, 2024 1:19pm Feb 13, 2024 1:19pm
Quoting 7154Superman
{quote} I didn't have the chance to prepare for, or trade the CPI news because of driving through a snowstorm in my area. But I was fortunate because I was net short with 1 long and 4 short positions when CPI news hit and EUR/USD price dropped like a stone. I got in late, closed all shorts and scalped a few more longs and shorts with good profit. Currently, I have 1 short and 2 long positions. Need to take a nap now. My last (#9) demo account has now reached +100%. I replaced it with #11 Live account...
sorry, but what's the point of the demo as you use it.
  • #1,223,379
  • Feb 13, 2024 2:22pm Feb 13, 2024 2:22pm
Quoting tiborf71
{quote} sorry, but what's the point of the demo as you use it.
I have explained it multiple times throughout my previous posts. The point of using demo is to set a precedent of a successful trading system to continue on live accounts once proven to be good enough. I set a goal of +100% ROI for each demo account to achieve, to determine whether my trading system is good enough to trade with real money.
And so now I have gained +100% ROI on every single demo account I started without having to deposit or transfer emergency funds between accounts to cover drawdown or margin call. Each account accomplished the final goal independently without any help from the other accounts.
That's a first for me. Now I know I can do this with real money.
You cannot fail if you never give up.
  • #1,223,380
  • Feb 13, 2024 11:40pm Feb 13, 2024 11:40pm
Dollar is in an odd position: EURUSD is bearish IMO, but Japan already gave the heads-up on an intervention if volatility picks up. I'll probably sell every pull back.
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