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  • #17,901
  • Nov 21, 2013 5:08am Nov 21, 2013 5:08am
Hello Vlad and others,

Look at the chart. We have a retracement underway and we should get to 3475-95 where I would try to search for shorts. 3515 should be stop as we dont want to see the price above 3515 for bearish action. 3515 meets a confluence with my red level up there. Also comparing the rise to drop, drop was much faster and that is also a sign of a bearish market. EURUSD dropped out of channel and now h4 candle is trying to make engulfing pattern. I will watch for 3470-95 as the top for this retrace.

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  • #17,902
  • Nov 21, 2013 5:41am Nov 21, 2013 5:41am
Agree with you T, same view. Kind of funny am trading on demo with one broker for a contest and already 50% up in two days but real world totally different

Took a small short here to see if it plays out.
  • #17,903
  • Nov 21, 2013 5:50am Nov 21, 2013 5:50am
Quoting Vladimir1987
Agree with you T, same view. Kind of funny am trading on demo with one broker for a contest and already 50% up in two days but real world totally different Took a small short here to see if it plays out.
Yes contests are completely different then real money trading.
  • #17,904
  • Nov 21, 2013 5:53am Nov 21, 2013 5:53am
Quoting T@rantula
{quote} Yes contests are completely different then real money trading.
Funny thing that in contest i have weaker entries/lower point profit than in my real account and am also more leveraged on real account
Its a small amount on my real broker but will decide to use less leverage when higher acc statement off course .
  • #17,905
  • Nov 21, 2013 6:21am Nov 21, 2013 6:21am
Quoting Vladimir1987
{quote} Funny thing that in contest i have weaker entries/lower point profit than in my real account and am also more leveraged on real account Its a small amount on my real broker but will decide to use less leverage when higher acc statement off course .
Exactly Vlad, when u build ur account then u can use less leverage.
  • #17,906
  • Nov 21, 2013 7:00am Nov 21, 2013 7:00am
Quoting Vladimir1987
{quote} Funny thing that in contest i have weaker entries/lower point profit than in my real account and am also more leveraged on real account Its a small amount on my real broker but will decide to use less leverage when higher acc statement off course .

Hi Vladimir,

my impression is, that it is a misconception in thinking, that you can have higher leverage in order to "build up" your account. The main reason people think so, is, that it does not hurt so much to lose a tiny account due to too high leverage.

It is much more wise to apply the same money managements regardless of the size of your account. OK, it is a futile attempt to grow a small account, but you can use the time to get enough screen-time and to safe money which you can put additionally in your account.

Keep the leverage low (1:3 to 1.5, max. 1:10) is the best and maybe the only way to stay in business over the long run.

JMHO

  • #17,907
  • Nov 21, 2013 7:10am Nov 21, 2013 7:10am
Quoting infinitus
{quote} Keep the leverage low (1:3 to 1.5, max. 1:10) is the best and maybe the only way to stay in business over the long run. JMHO

And especially this ^^
  • #17,908
  • Nov 21, 2013 7:54am Nov 21, 2013 7:54am
Quoting infinitus
{quote} Hi Vladimir, my impression is, that it is a misconception in thinking, that you can have higher leverage in order to "build up" your account. The main reason people think so, is, that it does not hurt so much to lose a tiny account due to too high leverage. It is much more wise to apply the same money managements regardless of the size of your account. OK, it is a futile attempt to grow a small account, but you can use the time to get enough screen-time and to safe money which you can put additionally in your account. Keep the leverage low...
I agree about that with you but i am so stubborn really stubborn. Will see how it goes this way for couple of months and then do some calculations but 1:10 was my intended leverage with a normal acc size but that is so far far away from now..

Will keep posting here and the progress hopfully will be there
  • #17,909
  • Nov 21, 2013 8:03am Nov 21, 2013 8:03am
Closed eu looks like a stop hunt for intraday shorts
  • #17,910
  • Nov 21, 2013 8:45am Nov 21, 2013 8:45am
Quoting Vladimir1987
Closed eu looks like a stop hunt for intraday shorts
3477 was indeed sold. Lets see.
  • #17,911
  • Nov 21, 2013 8:53am Nov 21, 2013 8:53am
Correct. Now i am fingers away from euro for now.
Have a bad feeling because of the large range here at this number so was more like a short stop hunt but ok. Dont see a move further so wont be taking a short nor long for now.

Down on eu for 15 points today. Maybe later a position to cover for today.
  • #17,912
  • Nov 21, 2013 8:57am Nov 21, 2013 8:57am
watch out
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news and this tl here no clue where to go
  • #17,913
  • Nov 21, 2013 9:05am Nov 21, 2013 9:05am
Stop hunt again? T what u think
EDIT: kabom to upside???
EDIT: or nothing till the speech of ECB member???
  • #17,914
  • Nov 21, 2013 9:06am Nov 21, 2013 9:06am
Quoting Vladimir1987
{quote} I agree about that with you but i am so stubborn really stubborn. Will see how it goes this way for couple of months and then do some calculations but 1:10 was my intended leverage with a normal acc size but that is so far far away from now.. Will keep posting here and the progress hopfully will be there
Hi Vladimir,

I am stubborn too. Many years ago I had this attitude when I traded mainly Biotech-stocks and stocks of companies, which were involved in patent litigation.

At the time given my stubbornness cost me a lot of money, I can say.


A leverage of 1:10 is already high risk. When I trade 1:10 I feel most of the time the need to babysit my trades. That is then time consuming and the opposite of relaxing.

Try mainly 1:3 to 1:5 and experience the feeling of staying flexible.

Occasionally I trade best of the best setups with up to 1:20, but when this rare chances arrive I do trade them with very tight SL
  • #17,915
  • Nov 21, 2013 9:09am Nov 21, 2013 9:09am
S/R levels based on volume analysis

the volume threshold filter is set to 3 standard deviations (so only really important levels show up)
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  • #17,916
  • Nov 21, 2013 9:11am Nov 21, 2013 9:11am
Quoting infinitus
S/R levels based on volume analysis the volume threshold filter is set to 3 standard deviations (so only really important levels show up) {image}

You can see, that below of 3450 there is not much of support until 3390-3370
  • #17,917
  • Nov 21, 2013 9:19am Nov 21, 2013 9:19am
In future i will definitely not leverage as now But still need some more rising balance to say i make some cash and then i am going down just to make some for living.

It should let go to make a high for today. Sad that i didnt long this at tl interesting fight though

Is this how many time price visited certain level, well based on this?
  • #17,918
  • Nov 21, 2013 9:31am Nov 21, 2013 9:31am
Quoting Vladimir1987
In future i will definitely not leverage as now But still need some more rising balance to say i make some cash and then i am going down just to make some for living. It should let go to make a high for today. Sad that i didnt long this at tl interesting fight though Is this how many time price visited certain level, well based on this?

Yes, the levels are acquired from Market Profiles
  • #17,919
  • Nov 21, 2013 10:51am Nov 21, 2013 10:51am
Quoting infinitus
{quote} You can see, that below of 3450 there is not much of support until 3390-3370
I completely agree.
  • #17,920
  • Nov 21, 2013 3:03pm Nov 21, 2013 3:03pm
Quoting infinitus
{quote} Yes, the levels are acquired from Market Profiles

I am not only measuring how often price was reached, but also do calculate the (tick)-volume on each level
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