EURUSD

"So you think I enter a trade a day?" Never said or implied that.


"Who said I can't enter 3 trades on each retrace while you're holding your 40 pips trade?" NO ONE said that. Who said i was holding 40 pips trade.? You totally mis-understood my comment.

On a good day I close somewhere around 20 trades/day. Well done. Its your daily % gain that matters and not the method you choose.

Aye if you are a good scalper you can make more than swing trade if you for example use 2% per trade due to bigger lot sizes.

But I don't like scalping because you have to stare at the screen for too long.

Here is the EU 5 min scalp trade turning into trend.

Entry was 1.2353 stop 7 pips. Trade still open plus 183 at market price.

EU charts attached and some others. Am long cable but no entry on Gold yet.

Getting ready to short here, too. Just figuring out where to put the sell limit at before bed. My tp target is around 1.2391

im stickin to my thesis from this 8 hrs ago.

fade the euro, long the dollar

today's rally provides a even better price to go short of.

I learned a few valuable lessons this week. The first, trust your gut instinct. I'm dead serious about this, go with your gut, everyone may be intelligent enough to know where the market is headed but not everyone can tell you exactly when to get in and when to get out. I don't doubt people's strategies or ability to produce income, I doubt people's abilities when communicating their knowledge to the broader users of this forum. Please don't get me wrong, these are great perspectives to be aware of, and I am thankful for this forum, but a lot of the conversation when it comes down to it is just noise. There's no substance behind it and you shouldn't let it sway where YOU think the market is going, granted that you need some knowledge and education in forex/trading/money management/technical analysis but at the end of the day, YOU decide where to pull the trigger.

Secondly, I learned to cut my winners short and my losers shorter. I was doing really well cutting my winners short because I'd reach my daily goal and I'd close out the position to secure the funds and would wait for something better to develop before jumping back in. Then I tried the whole concept of letting your winners ride out for a bit more....NOPE, not for me. I've lost out on really good trades and have now become less profitable because It felt like I became interested in what some people would call a greed game, I was chasing more profits when I had already met my goals. Now I cut my winners short and my losers shorter and manage to hit my daily goals a lot easier and with very little stress.

Thirdly, A few members have said this but I will reiterate so it sticks with some people. Everyone can be right and everyone can be wrong, depending on your strategy, timeframe, r/r, lot size, margin and length of anticipated trade, multiple people can be both bullish/bearish.

I was up 80% this month in my live account, In the last two days I have lost 40%. I have definitely been humbled but live to trade another day.

Good Evening!

All right, back to vacation mode..

have fun!

Motion

I feel not alone now.

ops, maybe appers...

There we go again, big time long UCAD, target 1.0060

Wiso

Thanks for the thought.

I am not saying that I am right. Only a fool can be.

I am only backing my convictions which of course at the end will make the difference in quality between one trader to one other.

Belevie me I am very cautious, my risk are kept at the minimum but I am also tend to see the big picture.

I hope it helps just a bit.

Bingo.

Yes.
QE 1 stands for Queen Elizabeth 1
QE 2 stands for Queen Elizabeth 2
and
QE 3 stands for Quicktime Errection in 3 seconds.

Not true, my friend.

Ooooooooooooooops. I didn't see this post of yours before replying.

Wise man.

Ive just woken up, does anyone want to fill me in on the insanity?

train still on the move ? & did not come back to pickup Asian passengers ?