Hoping the H1 closes below 1.152… If it does, I’m looking the ELs at 1.144
Look ahead. Reste positif
1
- #228,262
- Jun 11, 9:24am (8 hr ago) Jun 11, 9:24am (8 hr ago)
I am currently in the process of moving and will be taking some time off. Wishing you all plenty of green pips. See you again in May — as the German saying goes: „Alles neu macht der Mai“ (everything starts fresh in May).
Just entered a long trade at 1.1521.
If we break below 1.1515, I'll probably cut my losses and re-enter around 1.1500 or 1.1490, depending on the price action.
When the trumpet sounds, you won't be able to hear the techno anymore.
- #228,263
- Jun 11, 9:25am (8 hr ago) Jun 11, 9:25am (8 hr ago)
I’m going to wait a little longer before looking to go long. Despite all the news flow that should be negative for the euro, downside momentum has slowed significantly. From a technical perspective, the shorter-term indicators are already showing signs of divergence, suggesting that a rebound may be getting closer. As a result, I’m preparing to take a long position, either if EURUSD drops below 1.1520 or potentially even sooner, depending on how price action develops. 
- #228,269
- Jun 11, 9:38am (8 hr ago) Jun 11, 9:38am (8 hr ago)
{quote} On the hourly chart, the 1.15350 level has been broken, and the trend is clearly bearish. However, I'm hesitant to sell because the yellow area shows some support. I need to wait for the picture to become clearer.{image}
Often, your absence is better than your presence.
- #228,272
- Jun 11, 9:57am (8 hr ago) Jun 11, 9:57am (8 hr ago)
{quote} If everything was in line with your rules, especially entry- and exitpoints (which in my opinion is more important than the overall strategy) and you chose a position size that has an SL that you can take with a smile, there is no reason to be emotional. If you keep losing trades, you need to work on your strategy/risk management. If you are profitable it is just a problem of your expectation. The trade did not meet your expectation. That saddens you. Expectations are fantasy. Yes you can have a overall bias, but the market will do what...
I believe I am the youngest person here on this forum.
Let's return to the EUR/USD pair.
Often, your absence is better than your presence.
- #228,275
- Jun 11, 10:32am (7 hr ago) Jun 11, 10:32am (7 hr ago)
{quote} Thank you, brother. Your words are logical and true. I am fully aware of what I did, and I try to be as disciplined as possible. However, I think that sometimes, due to my young age and high level of self-confidence, I am unaware of what I am doing. Perhaps I can learn from my mistakes, and that is the solution. I believe I am the youngest person here on this forum.
Not financial advice. Educational only. Trading involves risk.
- #228,277
- Jun 11, 11:04am (6 hr ago) Jun 11, 11:04am (6 hr ago)
- Joined May 2014 | Status: Full Time Trader | 27,241 Posts
{quote} I have been watching charts for the past month and actively trying to make money with prop firms. I’ve been following Ata Bey for about a week now, and I really want to thank you, my friend. Your chart analysis, the way you react to news events, and your price action explanations are truly top-notch. I have one request: Could you show on the chart exactly why you took your last trade and explain the reasoning behind it in writing as well? It would help me understand your thought process much better. Thank you very much. You’ve become a mentor...
To understand my techniques please visit this thread: Effortless Trading Explained + FAQ
Anyway, the chart below shows my logic why I sold there in 3 simple steps...
I hope it answers..
Focus only on what truly matters!
- #228,278
- Jun 11, 11:07am (6 hr ago) Jun 11, 11:07am (6 hr ago)
- Joined May 2014 | Status: Full Time Trader | 27,241 Posts
Focus only on what truly matters!
- #228,279
- Jun 11, 11:10am (6 hr ago) Jun 11, 11:10am (6 hr ago)
{quote} doing this at a young age instead of doing what others as your age are doing will put you in a position in future doing things that others wont. so keep on grinding mate, hard work always pays off! sometimes early, sometimes late, but it surely does pay off! good luck!
Often, your absence is better than your presence.
