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  • #46,561
  • Oct 11, 2024 11:04am Oct 11, 2024 11:04am
Quoting NrSLionHeart
{quote} from 7000 to 300 you can safely consider it blown!!!
Hey man
Do you remeber trend is your friend? That is true!!!!.
Look W chart for exaple the last 2 swing.
What do you see??
1) Rally, base (with equal low), rally
2) Rally, base (with liquidity grab)
If the price break with strengh the HH go up again 1000/1500 pips (rally)
Conclusion
If you trade in trend you can make all the bad entry that you want but you will always take your money home
Ciao
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  • #46,562
  • Oct 11, 2024 11:07am Oct 11, 2024 11:07am
Quoting NrSLionHeart
{quote} A few years ago I had an account in Cyprus - 30:1 leverage. I never lost any money, day in day out - those 30 USD I was making per day lol. I think that at that leverage it will take me a few lives to trade to get with the account where I want to. So no, thank you!!! 500:1 it is. CASINO all the way baby!!!
guess it depends on your balance … problem with 500:1 in the start you always do great don’t care to lose less tensed but as u build your many small wins to a greater balance u start taking bigger lots more risk for more rewards almost always everyone blows their account this way… on just a few trades going big. I’ve probably done it 100x when I started trading 20yrs ago enjoying that buzz and those margin call sweats not so much. Atleast with lower leverage u can have longer term trades or even better chance of reversals and usually 80% of the times some opportunity to get out of a bad decision… try it on your next beginning.
  • #46,563
  • Oct 11, 2024 11:07am Oct 11, 2024 11:07am
Quoting sadsoul
Please need help. I am in severe depression and trauma ... i know it's not for many but it was my life saving and i took even lots of loan to safe the amount but i am now destroyed.. Please suggest me seniors and brothers.. i have been watching this forum for last 2 years... but now registered and posted 1st time please suggest me what to do. I am ruined. my life is ruined. please don't bash or make fun of my situation. Just tell me the next step now {image}
1st know that you are gambling, stop trading (important step )
2nd find a job and make a plan to pay your debt
3rd only trade demo and try to be profitable consistency on demo
4th know that no body can help you but yourself ,
  • #46,564
  • Oct 11, 2024 11:09am Oct 11, 2024 11:09am
Quoting ElCampeador
{quote} I have shorted at 2653 knowing It Will go against me but lots of margin
Added 2659
The warrior of good
  • #46,565
  • Oct 11, 2024 11:11am Oct 11, 2024 11:11am
Quoting NrSLionHeart
{quote} from 7000 to 300 you can safely consider it blown!!!
agreed , its impossibe to revover from this , its better to withdraw money and start in 10 days again ,
  • #46,566
  • Oct 11, 2024 11:13am Oct 11, 2024 11:13am
GOLD:
It will probably go down from here (2660)
  • #46,567
  • Oct 11, 2024 11:14am Oct 11, 2024 11:14am
Quoting Orand
{quote} 1st know that you are gambling, stop trading (important step ) 2nd find a job and make a plan to pay your debt 3rd only trade demo and try to be profitable consistency on demo 4th know that no body can help you but yourself ,
@orand can u please tell me where to learn. there are thousands of videos and courses that makes more confusing. ICT hundreds of videos too.. where to start and what to follow ?
  • #46,568
  • Oct 11, 2024 11:16am Oct 11, 2024 11:16am
Quoting Avril.h
GOLD: It will probably go down from here (2660)
69
The warrior of good
  • #46,569
  • Oct 11, 2024 11:16am Oct 11, 2024 11:16am
Quoting sadsoul
Please need help. I am in severe depression and trauma ... i know it's not for many but it was my life saving and i took even lots of loan to safe the amount but i am now destroyed.. Please suggest me seniors and brothers.. i have been watching this forum for last 2 years... but now registered and posted 1st time please suggest me what to do. I am ruined. my life is ruined. please don't bash or make fun of my situation. Just tell me the next step now {image}
nothing for u to do just hold on and hope it goes your way with all that DCA what’s your break even price target? Wouldn’t DCA anymore keep it for your margin.
  • #46,570
  • Oct 11, 2024 11:18am Oct 11, 2024 11:18am
Quoting ElCampeador
{quote} 69
Maybe if 2661 breaks (wedge ceiling)
  • #46,571
  • Oct 11, 2024 11:21am Oct 11, 2024 11:21am
Quoting sadsoul
Please need help. I am in severe depression and trauma ... i know it's not for many but it was my life saving and i took even lots of loan to safe the amount but i am now destroyed.. Please suggest me seniors and brothers.. i have been watching this forum for last 2 years... but now registered and posted 1st time please suggest me what to do. I am ruined. my life is ruined. please don't bash or make fun of my situation. Just tell me the next step now {image}
why didn’t you put SL. That was the biggest mistake you done. I think its wise to close all the position and accept the losses. Stay away from all types of trading at least one month. Try to learn from the beginning
  • #46,572
  • Oct 11, 2024 11:22am Oct 11, 2024 11:22am
Quoting Avril.h
{quote} Maybe if 2661 breaks (wedge ceiling)
Just munching through shorts today looks like it is curving out for some drop or another damn pop up
  • #46,573
  • Oct 11, 2024 11:22am Oct 11, 2024 11:22am
Quoting azhantahir
{quote} Round 4th. Scalps a little bit TFM5 Try to become a SELLER Methodology: Price Action {image}

Final round. Scalps TFM5 Done BE

#Market will end soon.

DONE FOR TODAY
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Look right, we'll see the signs
  • #46,574
  • Oct 11, 2024 11:22am Oct 11, 2024 11:22am
Quoting Interesting0
{quote} nothing for u to do just hold on and hope it goes your way with all that DCA what’s your break even price target? Wouldn’t DCA anymore keep it for your margin.
@interesting0

my breakeven is 2396 but the problem is if price goes down then shall i start doing breakeven on each lot one by one ? but if i will do that then my overall breakeven will go down and down
  • #46,575
  • Oct 11, 2024 11:23am Oct 11, 2024 11:23am
Quoting Orand
{quote} agreed , its impossibe to revover from this , its better to withdraw money and start in 10 days again ,
300 to 7k again is not impossible at all...
  • #46,576
  • Oct 11, 2024 11:28am Oct 11, 2024 11:28am
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  • #46,577
  • Oct 11, 2024 11:34am Oct 11, 2024 11:34am
Quoting shay14
{quote} 300 to 7k again is not impossible at all...
Not at all , for you I agree it is possible ,for someone who start fresh yes , but for someone who lose 6700 $ is not possible to work with 300 $ he wants to quickly return t0 7 k , 1 trade goes well , 2nd one same ,somewhere in the way you blow account again becuase you will not have any risk management and only see your target of 7k and want to reach there fast ,
  • #46,578
  • Oct 11, 2024 11:35am Oct 11, 2024 11:35am
Quoting sadsoul
Please need help. I am in severe depression and trauma ... i know it's not for many but it was my life saving and i took even lots of loan to safe the amount but i am now destroyed.. Please suggest me seniors and brothers.. i have been watching this forum for last 2 years... but now registered and posted 1st time please suggest me what to do. I am ruined. my life is ruined. please don't bash or make fun of my situation. Just tell me the next step now {image}
Trade without SL. There is only one thing to do: cut and lose all positions.
Look right, we'll see the signs
  • #46,579
  • Oct 11, 2024 11:36am Oct 11, 2024 11:36am
Quoting NrSLionHeart
{quote} Placed a 2 lots sell order and I had to leave the computer for like 10 mins... When I got back there was a 1100 USD loss, account blown. Such is life ... 6 months of work down the drain. Got the account from 2000 to 7000, then down to 1600, then 800, then back to 1900 now 300... Was quite a ride!!!
2 lots on a 1400usd account?
Broooooo
  • #46,580
  • Oct 11, 2024 11:41am Oct 11, 2024 11:41am
Quoting Interesting0
{quote} nothing for u to do just hold on and hope it goes your way with all that DCA what’s your break even price target? Wouldn’t DCA anymore keep it for your margin.
DCA is worst strategy for trading gold especially if you have limited fund , it maybe good strategy for currency pair trading but for gold, heart atack is granteed
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