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  • #1,062,061
  • Mar 17, 2016 2:19am Mar 17, 2016 2:19am
Quoting burfi
{quote} which strategy you guys are using ? still not able to cross demo account, as getting losses in demo itself..
Best strategy is to not give up. Screen time is one of the most valuable assets to a day trader. If you've been doing this for a longer time (>1year) consider focusing on the following:

  1. Trade management - smaller position volume with bigger SL and TP,
  2. less trading - quality over quantity,
  3. impose hard rules for not closing before it reaches set TP and SL,
  4. bigger time frame - get away from the noise.
  5. discipline - make a folder with screenshots of your charts at the start of the day, make a to-do list. if this -> i do that. review said screenshots in the weekend in order to understand what is going wrong,
  6. hope for some luck

EU is still pushing hard. looking for a settle on 1.12 into london open(i might buy some there with stops under .116). a push towards .13-.14 looks doable. good luck all!

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  • #1,062,062
  • Mar 17, 2016 2:27am Mar 17, 2016 2:27am
hi everyone. I'm fairly new to forex trading. I've been doing it for around 2 weeks and have learnt myself, and I feel I have a good knowledge of it all. I watch the markets all day and business news etc. I don't seem to make any money however, I make the odd 10 pips here and there and mainly only trade eur/usd but then I lose on another day. What am I doing wrong and is there a beginners approach to it all? Any I for would be much appreciated.
  • #1,062,063
  • Edited 2:46am Mar 17, 2016 2:36am | Edited 2:46am
Hi all,came this morning to see that EU held strong at support zone 1.1060, and up it went as expected.Now I have resistance at 1.1375 looking at the weekly chart supported by monthly.But will expect it to reach 1.14 area then watch for selling opportunities to 1.07 area.But lets trade what we see as market flows.
Follow the Flow and Grow
  • #1,062,064
  • Edited 2:54am Mar 17, 2016 2:43am | Edited 2:54am
Quoting Raa
Long eu at 1.1218 {image}
Good morning

Still holding long.

At this moment I see really big potential room for buyers. Next check point around 1.1280
  • #1,062,065
  • Mar 17, 2016 3:03am Mar 17, 2016 3:03am
Quoting SingaFX
meanwhile i open fresh buy 1.1213 {image}
I hope you are still in, enjoy your profits.
  • #1,062,066
  • Mar 17, 2016 3:03am Mar 17, 2016 3:03am
So we go to 1.1400 and go back to 1.0900?
  • #1,062,067
  • Mar 17, 2016 3:17am Mar 17, 2016 3:17am
Quoting Raa
{quote} I hope you are still in, enjoy your profits.
surely i'm still in
waiting this hour to close atleast half amount.

i have 1.1330 as possible top
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“Hope is [a] bogus emotion that only costs you money.” - PETER LYNCH
  • #1,062,068
  • Mar 17, 2016 3:27am Mar 17, 2016 3:27am
being pumped again. Real sellers turned into temporary buyers in order to pump it excessively
You cannot learn better without losing
  • #1,062,069
  • Mar 17, 2016 3:28am Mar 17, 2016 3:28am
Quoting andexQ
{quote} Try this {quote}

hw about a new libor rate
If you are new to Forex? Say Goodbye to your account!!
  • #1,062,070
  • Mar 17, 2016 3:32am Mar 17, 2016 3:32am
Quoting KiwiTrada
{quote} hw about a new libor rate
pfft cad is burning rubber
If you are new to Forex? Say Goodbye to your account!!
  • #1,062,071
  • Mar 17, 2016 3:37am Mar 17, 2016 3:37am
hopefully this time it will break 1.14 and put a strong support line for 1.17 - 1.2+ target. But it's already massive overbuy in short TF
You cannot learn better without losing
  • #1,062,072
  • Mar 17, 2016 3:40am Mar 17, 2016 3:40am
Quoting SingaFX
{quote} surely i'm still in waiting this hour to close atleast half amount. i have 1.1330 as possible top {image}
I am still in as well. All time frames aligned, situations like this are pure gold. Enjoy.
Attached Image (click to enlarge)
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  • #1,062,073
  • Mar 17, 2016 3:46am Mar 17, 2016 3:46am
The pair is eyeballing the 2016 high @ 1.1376. I would like a retest at a previous daily resistance now acting as support @ 1.1237 for a long entry.

Yes i missed the entry .
  • #1,062,074
  • Mar 17, 2016 3:50am Mar 17, 2016 3:50am
Quoting KiwiTrada
{quote} hw about a new libor rate
Hm i don't have LIBOR on my watchlist ... but LIBOR-3 seem slowly but surely is increasing, don't know about LIBOR-1.
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Quoting KiwiTrada
{quote} pfft cad is burning rubber
Indeed, UC already cross MA200 on Daily and succesfully tested from below 3 days ago ... i'm sure we might not recognize that it was a rubber before
  • #1,062,075
  • Mar 17, 2016 3:58am Mar 17, 2016 3:58am
so it reached some how very fast mofu areas to the weekly/daily levels expected & testing for next leg down through next weeks . take care as bo at 1.1300 & hold also possible as per monthly huge thrust up if start working now , fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,062,076
  • Mar 17, 2016 4:02am Mar 17, 2016 4:02am
Quoting SingaFX
meanwhile i open fresh buy 1.1213 {image}
buy closed
sold 1.1291
“Hope is [a] bogus emotion that only costs you money.” - PETER LYNCH
  • #1,062,077
  • Edited 4:53am Mar 17, 2016 4:07am | Edited 4:53am
Buy closed +70.

Short at 1.1286

Edit: short s/o -13
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  • #1,062,078
  • Mar 17, 2016 4:19am Mar 17, 2016 4:19am
Quoting Rosey76
{quote} My two step zigzag setup points to a target at 1.1257 for a 1.272 extension and 1.1310 for a 1.618 extension.
1.1465 next week for 2.618 extension.
I ignore fools
  • #1,062,079
  • Mar 17, 2016 4:22am Mar 17, 2016 4:22am
Quoting andexQ
{quote} Hm i don't have LIBOR on my watchlist ... but LIBOR-3 seem slowly but surely is increasing, don't know about LIBOR-1. {image} {quote} Indeed, UC already cross MA200 on Daily and succesfully tested from below 3 days ago ... i'm sure we might not recognize that it was a rubber before
Any drop of uc is a buy for a big bounce/retrace coming soon.
I ignore fools
  • #1,062,080
  • Mar 17, 2016 4:25am Mar 17, 2016 4:25am
Quoting fontu
so it reached some how very fast mofu areas to the weekly/daily levels expected & testing for next leg down through next weeks . take care as bo at 1.1300 & hold also possible as per monthly huge thrust up if start working now , fontu {image}
You better drop using the word mofu in this thread. It does not belong here It belongs to the pond thread and the gang over there.
I ignore fools
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