Attachments: EURUSD

EURUSD

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#1,223,381
Feb 14, 2024 1:47am Feb 14, 2024 1:47am

tiborf71
Joined Apr 2011 | Status: survivor | 4,131 Posts

Quoting 7154Superman

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{quote} 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...

Ignored

if it works for you that's great.

#1,223,382
Feb 14, 2024 3:12am Feb 14, 2024 3:12am

F.g
Joined Aug 2016 | Status: Trader | 10,397 Posts

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Short with 2 positions. Will Take .P.Prfts at 6.87 , as shown .

#1,223,383
Feb 14, 2024 4:27am Feb 14, 2024 4:27am

ventureinves
| Joined Mar 2019 | Status: Trader | 386 Posts

Take a long position at 1.069x tp 30p

#1,223,384
Feb 14, 2024 6:11am Feb 14, 2024 6:11am

ventureinves
| Joined Mar 2019 | Status: Trader | 386 Posts

Out part of the long position tp 12p 1.0708

#1,223,385
Feb 14, 2024 11:57am Feb 14, 2024 11:57am

7154Superman
Joined Dec 2020 | Status: Trader | 1,210 Posts

I suggest today's high in this range of 1.0735, then we could see a spinning top on EUR/USD daily chart tomorrow, peaking at around 1.077, then close the week around 1.06 - 1.065.

After that, more consolidation between 1.06 and 1.08 would make sense for a few more weeks before further downside.

You cannot fail if you never give up.

#1,223,386
Feb 14, 2024 7:40pm Feb 14, 2024 7:40pm

7154Superman
Joined Dec 2020 | Status: Trader | 1,210 Posts

Quoting 7154Superman

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{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...

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So, today was kind of a non-descript trading day for me. I was driving this morning, then was too tired to focus much on trading. I did manage to scalp a few along the way.
Currently, I have 2 long and 4 short positions on EUR/USD.
For tomorrow, I expect volatility both ways. But I have taxi driving to do all day, so I might not be able to take good advantage of price action.

All 11 demo accounts are finished at +100% ROI.
All live accounts started with $100.
Current Net Equity results from best to worst:

#4 Live $173.14 (+73.14%) (21 trading days)
#7 Live $165.86 (+65.86%) (20 trading days)
#1 Live $165.66 (+65.66%) (31 trading days)
#2 Live $165.17 (+65.17%) (25 trading days)
#8 Live $158.51 (+58.51%) (12 trading days)
#6 Live $148.55 (+48.55%) (20 trading days)
#9 Live $139.47 (+39.47%) (8 trading days)
#5 Live $120.45 (+20.45%) (21 trading days)
#3 Live $111.82 (+11.82%) (23 trading days)
#11 Live $101.00 (+1.00%) (2 trading days)
#10 Live $100.17 (+0.17%) (5 trading days)

Combined results for live accounts:
Deposit = $1,100.00
Net Equity = $1,549.80
Profit +$449.80 (+40.89%) (2-31 trading days)

Overall equivalent results of Live and Demo accounts combined (11 demo accounts @ $200k each + Live %)
Deposit = $1,100,000
Net Equity = $3,099,600
Profit = $1,999,600 (+181.78%) (16-56 trading days)

Average 32.18 trading days per account (11 Demo + Live accounts combined)
Average +3.27% ROI per trading day (+17.45% per week) compounded.

You cannot fail if you never give up.

#1,223,387
Feb 15, 2024 1:43am Feb 15, 2024 1:43am

F.g
Joined Aug 2016 | Status: Trader | 10,397 Posts

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Fresh shorts here now. - SL as shown. Have a good day all.

#1,223,388
Feb 15, 2024 8:13am Feb 15, 2024 8:13am

F.g
Joined Aug 2016 | Status: Trader | 10,397 Posts

Quoting F.g

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{image} Fresh shorts here now. - SL as shown. Have a good day all.

Ignored

-------
SL hit...>>> FLAT now...

#1,223,389
Feb 15, 2024 8:23am Feb 15, 2024 8:23am

F.g
Joined Aug 2016 | Status: Trader | 10,397 Posts

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Entered long $JY here. SL as shown at 50

#1,223,390
Feb 15, 2024 2:09pm Feb 15, 2024 2:09pm

7154Superman
Joined Dec 2020 | Status: Trader | 1,210 Posts

Quoting 7154Superman

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I suggest today's high in this range of 1.0735, then we could see a spinning top on EUR/USD daily chart tomorrow, peaking at around 1.077, then close the week around 1.06 - 1.065. After that, more consolidation between 1.06 and 1.08 would make sense for a few more weeks before further downside.

Ignored

Could it be that EUR/USD will drop to 1.06 - 1.065 tomorrow without looking back, then down to 1.03-1.04 next week or three??
A spinning top isn't looking likely today after all. But if tomorrow's red news is positive for USD, then we might have ourselves a bearish trend for the next few weeks.

You cannot fail if you never give up.

#1,223,391
Feb 15, 2024 4:18pm Feb 15, 2024 4:18pm

7154Superman
Joined Dec 2020 | Status: Trader | 1,210 Posts

Quoting 7154Superman

Disliked

{quote} Could it be that EUR/USD will drop to 1.06 - 1.065 tomorrow without looking back, then down to 1.03-1.04 next week or three?? A spinning top isn't looking likely today after all. But if tomorrow's red news is positive for USD, then we might have ourselves a bearish trend for the next few weeks.

Ignored

Today's EUR/USD close is much higher than expected, but I expect bullish momentum to be completely exhausted for this quarter, and price to drop like a stone from here without any meaningful retrace, and red news tomorrow to break out down to 1.065 area, then possibly on down to 1.03 area within a month or two.
But I could be terribly wrong.

You cannot fail if you never give up.

#1,223,392
Feb 15, 2024 4:25pm Feb 15, 2024 4:25pm

7154Superman
Joined Dec 2020 | Status: Trader | 1,210 Posts

Quoting 7154Superman

Disliked

{quote} Today's EUR/USD close is much higher than expected, but I expect bullish momentum to be completely exhausted for this quarter, and price to drop like a stone from here without any meaningful retrace, and red news tomorrow to break out down to 1.065 area, then possibly on down to 1.03 area within a month or two. But I could be terribly wrong.

Ignored

I think today could be a bull fake out. If EUR/USD closes this week around 1.065 - 1.06 area, it could cause the momentum to shift to the downside during "no news" sessions.
Just a steady landslide to the bottom, and then some.

You cannot fail if you never give up.

#1,223,393
Feb 15, 2024 8:35pm Feb 15, 2024 8:35pm

7154Superman
Joined Dec 2020 | Status: Trader | 1,210 Posts

Quoting 7154Superman

Disliked

{quote} So, today was kind of a non-descript trading day for me. I was driving this morning, then was too tired to focus much on trading. I did manage to scalp a few along the way. Currently, I have 2 long and 4 short positions on EUR/USD. For tomorrow, I expect volatility both ways. But I have taxi driving to do all day, so I might not be able to take good advantage of price action. All 11 demo accounts are finished at +100% ROI. All live accounts started with $100. Current Net Equity results from best to worst: #4 Live $173.14 (+73.14%) (21 trading...

Ignored

So, today was another typical news day. However, I wasn't situated in the right direction to take the most advantage of it while I was driving taxi.
I had 2 long positions set to switch to shorts with limit orders, then a few more short limit orders higher up in case price goes higher than expected, which it did, but then price didn't retrace as expected. Now, I did manage to scalp a few longs and shorts during a few short taxi stops later during the day.
Despite the scalps, I still ended up with a small net equity loss for today because of so many shorts left hanging in drawdown. Hopefully tomorrow will be a better day.
At this point, I have 7 short positions on EUR/USD.
I still expect price to continue dropping, then break down into the low/mid 1.06 range tomorrow after red news.
But I could be wrong.
As always, risk management is key. Good luck!

All 11 demo accounts are finished at +100% ROI.
All live accounts started with $100.
Current Net Equity results from best to worst:

#1 Live $181.36 (+81.36%) (32 trading days)
#8 Live $174.27 (+74.27%) (13 trading days)
#4 Live $173.14 (+73.14%) (22 trading days)
#2 Live $166.95 (+66.95%) (26 trading days)
#7 Live $166.76 (+66.76%) (21 trading days)
#6 Live $143.94 (+43.94%) (21 trading days)
#10 Live $131.16 (+31.16%) (6 trading days)
#9 Live $116.84 (+16.84%) (9 trading days)
#5 Live $98.68 (-1.32%) (22 trading days)
#3 Live $95.38 (-4.62%) (24 trading days)
#11 Live $82.59 (-17.41%) (3 trading days)

Combined results for live accounts:
Deposit = $1,100.00
Net Equity = $1,531.07
Profit +$431.07 (+39.19%) (3-32 trading days)

Overall equivalent results of Live and Demo accounts combined (11 demo accounts @ $200k each + Live %)
Deposit = $1,100,000
Net Equity = $3,062,140
Profit = $1,962,140 (+178.38%) (17-57 trading days)

Average 33.18 trading days per account (11 Demo + Live accounts combined)
Average +3.13% ROI per trading day (+16.66% per week) compounded.

You cannot fail if you never give up.