Dislikedbro swissy took a big dive into support which her stopped like a rock, so with her and brit news due, negative data should help bearIgnored
- #701,824
- Oct 3, 2012 3:57am Oct 3, 2012 3:57am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
If you are new to Forex? Say Goodbye to your account!!
I'm the newbiest newbie and I'm really learning a lot from this thread, vibrant discussions and I really appreciate members posting their trading positions, charts and updating the thread with helpful relevant news and inspiring quotes and sayings. 
One thing I noticed though, as I experimented a little bit with jumping on trades and positions posted, heeding to members' posts with 1k posts and more, I often tend to lose, probably coz my stops are really tight, like they say, death by a thousand stops.
On the other hand, a simple correlation using USD/CAD and USD/CHF against EURUSD basing on h4, h1 and m15 movements with bloomberg online always on, I haven't lost 1 trade for 3 days now.
I wanted to ask you guys, I simply do double tap scalping 1500 units at 4.2 tp/6.4 sl and a 12k unit headshot in the opposite direction on the hint of the PA reversing. It may be making money but is this safe enough? In 3 days, I've lost $160+ and profited $290+. 13% increase in 3 days.
Please let me know as like most of the newbies, I want to improve everyday. Thank you all.
One thing I noticed though, as I experimented a little bit with jumping on trades and positions posted, heeding to members' posts with 1k posts and more, I often tend to lose, probably coz my stops are really tight, like they say, death by a thousand stops.
On the other hand, a simple correlation using USD/CAD and USD/CHF against EURUSD basing on h4, h1 and m15 movements with bloomberg online always on, I haven't lost 1 trade for 3 days now.
I wanted to ask you guys, I simply do double tap scalping 1500 units at 4.2 tp/6.4 sl and a 12k unit headshot in the opposite direction on the hint of the PA reversing. It may be making money but is this safe enough? In 3 days, I've lost $160+ and profited $290+. 13% increase in 3 days.
Please let me know as like most of the newbies, I want to improve everyday. Thank you all.
- #701,832
- Oct 3, 2012 4:24am Oct 3, 2012 4:24am
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #701,833
- Oct 3, 2012 4:30am Oct 3, 2012 4:30am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
with so many bull here tonight I have just sell 26 sl 34will jumpship if have to in 4 minutes
If you are new to Forex? Say Goodbye to your account!!
Hi
Hoping for some advice.. I am recognising S/R levels e.g 12935ish today & 12924 yesterday on eur/usd.
Am struggling to work out how & in what TF to make decisions about whether said S/R levels will hold & PA reverses or break through.
I think I need to wait for a candle to close above resistance or below support- should this be in 5M or 15M
Any help apprerciated - hope you dont mind
Hoping for some advice.. I am recognising S/R levels e.g 12935ish today & 12924 yesterday on eur/usd.
Am struggling to work out how & in what TF to make decisions about whether said S/R levels will hold & PA reverses or break through.
I think I need to wait for a candle to close above resistance or below support- should this be in 5M or 15M
Any help apprerciated - hope you dont mind
- #701,836
- Oct 3, 2012 4:46am Oct 3, 2012 4:46am
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #701,837
- Oct 3, 2012 4:47am Oct 3, 2012 4:47am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower
- #701,838
- Oct 3, 2012 4:48am Oct 3, 2012 4:48am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
COT: The precious data ignored
- #701,839
- Oct 3, 2012 4:54am Oct 3, 2012 4:54am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
If you are new to Forex? Say Goodbye to your account!!
