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EURUSD

  • #1,056,541
  • Feb 14, 2016 7:15am Feb 14, 2016 7:15am
Quoting Ll1979
{quote} rahulkghosh be honest with yourself don 't fool your self in believing you become the next multi billion dollar baller if you don 't learn from your mistakes. {image}
Wow he's losing around $1200 a day on average - unless he get's lucky on u/j a 5k account wont last long. Down 87% for the year was it!!!!!!!!!!!
  • #1,056,542
  • Feb 14, 2016 7:19am Feb 14, 2016 7:19am
Quoting claudia1
{quote} Wow he's losing around $1200 a day on average - unless he get's lucky on u/j a 5k account wont last long. Down 87% for the year was it!!!!!!!!!!!
no need to be nasty to poor gohlash is there!
rat
  • #1,056,543
  • Feb 14, 2016 7:21am Feb 14, 2016 7:21am
Quoting entheos
{quote}
rat
  • #1,056,544
  • Feb 14, 2016 7:43am Feb 14, 2016 7:43am
Isn't it a great feeling to not have trades open during weekend? Risk-free
  • #1,056,546
  • Feb 14, 2016 9:48am Feb 14, 2016 9:48am
XE is showing a 40 pip downwards move at the moment
Why sell the bottoms when you can buy the tops...
  • #1,056,547
  • Feb 14, 2016 9:51am Feb 14, 2016 9:51am
Quoting magnumfreak
{quote} Normally I try to avoid talking about someones trading style but looking at your TE I am beginning to see desperation in your trading. You have gone from purchasing small lots to purchasing full lots on an account that is sub 10K. Just the other day you sold USDJPY (1 full lot 3 times) at around 111.XX. Those 3 purchases by themselves have hit you for over 3K in losses at this point. While I agree that when things are going your way it will really go your way, your trading style does not take into account what to do when it isn't going your...
He has only one style "TRADE AGAINST RETAIL"
A good trader follows his rules, but great trader knows when to break them
  • #1,056,548
  • Feb 14, 2016 9:54am Feb 14, 2016 9:54am
Quoting JustAndy
XE is showing a 40 pip downwards move at the moment
Generally too early to get confidence in prices that xe is showing. I wouldn't read too much into it.
check out my blog: forexmademillionaire dot com
  • #1,056,549
  • Feb 14, 2016 10:02am Feb 14, 2016 10:02am
Quoting JustAndy
XE is showing a 40 pip downwards move at the moment
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 45 KB
  • #1,056,550
  • Edited 11:25am Feb 14, 2016 10:04am | Edited 11:25am
Quoting rahulkghosh
{quote} I will be above 100K by year end.
Man, this is wish based trading. Or luck base trading. Trading with the hope that your luck will change. I truly hope that the money in your account are all yours and you did not borrow from family and friends.

The fact that you won some trading contest on Dukascopy does not help you in real account, live trading. It only gives a false sentiment of surety, of "I am telling the market what to do" and of "the things will eventually turn my way". Dukascopy contest is on DEMO! Does not account slippage and orders filling risks.

There are a lot of people waiting for your failure. I am not one of them. I am just sad to see you account blown away due to simple things like lot sizing and blind trust in a method where at one point in time you had 100+ open trades. Maybe your algos are failing you right now.

I also had a tough two weeks. So I understand how taxing it is to see red every day. But I managed to lose only 1% of my equity in the process though at one point in time I was more than 15% in the red. But my hard stop loss is at 30%. There I know I failed. I know that my strategy is wrong and all my trading stops and is back to the drawing board. For me is difficult to understand how it is possible to bring a 70k account to 5k and not to stop on the way to ask a simple question: "what if I am wrong?"

Sad. But a good example of how not to trade. Good luck man.
If you're not part of the solution then you're part of the problem.
  • #1,056,551
  • Feb 14, 2016 10:23am Feb 14, 2016 10:23am
1.1233,9 gap down
  • #1,056,552
  • Feb 14, 2016 10:24am Feb 14, 2016 10:24am
Quoting rahulkghosh
I called the new low in oil. I also callled EUR/USD going up above 1.11 two weeks ago. I'm among the most accurate people here.
I think the ECB needs to hire you,you outperformed in the negative return sector.
  • #1,056,553
  • Feb 14, 2016 10:24am Feb 14, 2016 10:24am
Quoting SashaP
1.1233,9 gap down
still there is about 3 hours to go ....
  • #1,056,554
  • Feb 14, 2016 10:40am Feb 14, 2016 10:40am
Quoting edyraper
{quote} still there is about 3 hours to go ....
Love watching preopening prices,to figure where small support and resistances are,like it flew to 1.1252 and went down to 38 in a matter of seconds
  • #1,056,555
  • Feb 14, 2016 10:40am Feb 14, 2016 10:40am
USDJPY
Trading plan for higher Tfs, this could take a few days or even couple of weeks to be concluded but idea is that we have nice thrust down and judging by speed of PA, move to 108 is very possible (1.618 AB-CD weekly). Since I am looking at Weekly Chart, we need first pullback on daily to finish ideally to area between 116.50 and 117.58, a lot of confluence, natural resistance, fib level+ WR1 as you can see on chart below, good RR, potential for at least 800pips, the size of the stop should be proportional, so even 100 pips stops is ok, the size of the stop doesn't matter, what matters is percentage of account that you risk, so if you are willing to risk 1%, this should be divided by 100 pips which in turn determines size of your position.
We could also get reversal pattern Bfly or H&S for which I will update if I see some. On the fundamental side BoJ could be ready for intervention giving this retracement a boost during this week.
W1 + D1 charts attached.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPY weekly AB=CD.png Size: 54 KB
Click to Enlarge Name: USDJPY D1.png Size: 43 KB
We watch the charts from every angle so you don't have to!!
  • #1,056,556
  • Feb 14, 2016 10:49am Feb 14, 2016 10:49am
the aim is not let your equity curve look like a Forex chart. Make it look like a trend that goes up steadily, but minor dips are always going to happen. The bigger the dip the risk was too high, the smaller the dip should be insignificant to the main trend mountain of equity you are gaining
  • #1,056,557
  • Feb 14, 2016 11:07am Feb 14, 2016 11:07am
guys, your degenerate gambler is showing. Seriously, counting down the hours to market open true passion I say! I guess I am same in that I look forward to Mondya more than Friday.

Well hope your week is good! Will be creeping the thread for sole purpose of entertainment, as always.
All posts are my personal opinion
  • #1,056,558
  • Feb 14, 2016 11:08am Feb 14, 2016 11:08am
Quoting rahulkghosh
I called the new low in oil. I also callled EUR/USD going up above 1.11 two weeks ago. I'm among the most accurate people here.
Rofl are you kidding me? You are trading 500 pairs, you're bound to have some of them right... and then again, following the advice of some senior traders here about the direction of oil wasn't too challenging... even I made a profit on oil! My offer is still standing, transfer your remaining funds to my account, at least I'll handle it responsibly.
  • #1,056,559
  • Feb 14, 2016 11:19am Feb 14, 2016 11:19am
Quoting mkvy
the aim is not let your equity curve look like a Forex chart. Make it look like a trend that goes up steadily, but minor dips are always going to happen. The bigger the dip the risk was too high, the smaller the dip should be insignificant to the main trend mountain of equity you are gaining

I like this... More please?
Back from the dead * ding fries are done *
  • #1,056,560
  • Feb 14, 2016 11:21am Feb 14, 2016 11:21am
Quoting ryder950
{quote} I like this... More please?
Im going to start trading opposite to the member whose hoping for 100k by 2017
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