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Watch me lose $29K from now - How long will it take?!

  • #101
  • Aug 10, 2016 4:52am Aug 10, 2016 4:52am
mh... realy never happen again? 13% DD, if it goes to 1.2977 is your account crashed. Did you realy saw such a great chance in that trade??? If you love to scalp why didnīt you saved your money and wait for the rate decision in NZD today?
(.)(.) think first ...
  • #102
  • Edited 6:55am Aug 10, 2016 6:23am | Edited 6:55am
./. 20%

mh nice long right now 1.2990 good for 20-35 pips stop 1 pip

got it!
(.)(.) think first ...
  • #103
  • Aug 10, 2016 7:13am Aug 10, 2016 7:13am
maybe a reversal here tp 1.30550 minimum 1.30300
(.)(.) think first ...
  • #104
  • Aug 10, 2016 7:15am Aug 10, 2016 7:15am
your thread title is negative so therefore you must think negative and distorting your mind in forex stops you from seeing trades and makes you take more trades with higher leverage and chase loses... take a step back
  • #105
  • Aug 10, 2016 7:42am Aug 10, 2016 7:42am
Quoting Don96
your thread title is negative so therefore you must think negative and distorting your mind in forex stops you from seeing trades and makes you take more trades with higher leverage and chase loses... take a step back
i agree but when he loses he has reached his claim and is a winner
(.)(.) think first ...
  • #106
  • Aug 10, 2016 7:47am Aug 10, 2016 7:47am
USDCAD

donīt believe in a reversal anymore - i go out means take my profit and run
(.)(.) think first ...
  • #107
  • Aug 10, 2016 7:54am Aug 10, 2016 7:54am
Quoting maximumguita
{quote} i agree but when he loses he has reached his claim and is a winner
That winning feeling is an illusion
  • #108
  • Aug 10, 2016 9:17am Aug 10, 2016 9:17am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_133.jpg Size: 68 KB


what happens to people who don't use stop loss.
  • #109
  • Aug 10, 2016 9:25am Aug 10, 2016 9:25am
Quoting aarontdang
I can't sync with the Forexfactory Explorer anymore Here's the information MyFXBOOK : It look bad https://www.myfxbook.com/members/aar...c-goal/1724410 I've been losing a lot of money on Forex ... and 18 days ago I started again with $10K blow it, then another $10K blow it... and the last $10K ... I survived the and make $19K back in a week ..... The problems with losing all those time is that I tried to catch a falling knife or stand in front of the train... and don't use stop loss until get margin call ... Hopefully, I can learn...
Just want to say i feel your pain brother. Forex has pretty much ruined my life/bank balance and credit rating the past 4 years but i am determined to get it right at some point. I suspect i could be a winner or at least b/e if i stuck to strict money management rules probably same for you but then we don't get the adrenaline rush from putting everything on the line. So we are basically doomed unless we start only risking small amounts per trade but doing it that way will take so long to get money back it is incredibly painful. Good luck bro and remember to withdraw and take a week off if you do manage to spin it up.
Loser trying to become a winner!
  • #110
  • Aug 10, 2016 9:28am Aug 10, 2016 9:28am
Quoting MyOpinion
{quote} Just want to say i feel your pain brother. Forex has pretty much ruined my life/bank balance and credit rating the past 4 years but i am determined to get it right at some point. I suspect i could be a winner or at least b/e if i stuck to strict money management rules probably same for you. Good luck bro and remember to withdraw and take a week off if you do manage to spin it up.
why dont you guys get a mentor or something? its criminal to lose money like this. And after everything is lost, traders look for fund managers and mentors with their last $200 in their accounts. have seen so many like this. i am sorry but i dont mean to hurt anyone
  • #111
  • Edited 10:02am Aug 10, 2016 9:28am | Edited 10:02am
Quoting maximumguita
maybe a reversal here tp 1.30550 minimum 1.30300
f..k as i said 1.3050 hit rest depends on the news in 2 minutes

edit: if we get a new high above 1.3050 than rockn Roll

that can be called a divergence im long

Edit: I said Rockīn Roll where is the Roll
(.)(.) think first ...
  • #112
  • Aug 10, 2016 9:35am Aug 10, 2016 9:35am
Quoting MyOpinion
{quote} Just want to say i feel your pain brother. Forex has pretty much ruined my life/bank balance and credit rating the past 4 years but i am determined to get it right at some point. I suspect i could be a winner or at least b/e if i stuck to strict money management rules probably same for you but then we don't get the adrenaline rush from putting everything on the line. So we are basically doomed unless we start only risking small amounts per trade but doing it that way will take so long to get money back it is incredibly painful. Good luck...

not necessarily, leverage can be good to trade a higher amount but only if you know exactly what you are doing and if you take the right trade. Donīt laugh but i did one! trade this year and 2 last year and if you can wait so long to trade 1 in a year than you are able to push a small account up in the air. The issue of the most is trying to catch trades in the middle of nowhere intraday with silly indicator and winning a little bit but loosing more.
(.)(.) think first ...
  • #113
  • Aug 10, 2016 9:45am Aug 10, 2016 9:45am
Quoting maximumguita
mh... realy never happen again? 13% DD, if it goes to 1.2977 is your account crashed. Did you realy saw such a great chance in that trade??? If you love to scalp why didnt you saved your money and wait for the rate decision in NZD today?
I took the trade because I expected there will be a surplus in oil inventory.
$ got hit hard yesterday it was unexpected for everyone to know.
I shoulda put in stop loss when I was away ... and shoulda close early for small losses
Just gotta learn everyday

The last oil surplus ... push USD/CAD 100 PIPS...
  • #114
  • Aug 10, 2016 9:52am Aug 10, 2016 9:52am
Quoting aarontdang
{quote} I took the trade because I expected there will be a surplus in oil inventory. $ got hit hard yesterday it was unexpected for everyone to know. I shoulda put in stop loss when I was away ... and shoulda close early for small losses Just gotta learn everyday
your entry was great (76er Fibo) i was near at the point to go in at the same point, but you hold it as the low was broken that is what your account can crash. That the USDCAD is going up right now is luck but what had you done if its were the other way? just as an idea for you: i have 2 accounts, 1 trading account where my long living trades are running and 1 small account there i do all the trades with fast profit and which i never would do with my main money. If the small account crashes it doesnt matter because i know im already in profit with my main. Also a good idea is to lower the balance on your account so that there is only the small money you need for one trade (margin, spread, stop). Believe me, when you see a sell off, you are not fast enough to close the position or maybe you dont come out of this trade. Look at JPY last year or CHF this year and so on. Save your money for the realy good trades!
(.)(.) think first ...
  • #115
  • Aug 10, 2016 9:57am Aug 10, 2016 9:57am
Quoting maximumguita
{quote} your entry was great (76er Fibo) i was near at the point to go in at the same point, but you hold it as the low was broken that is what your account can crash. That the USDCAD is going up right now is luck but what had you done if its were the other way?
You're right, I should just let it go after it break 1.31 and took a loss..
I just don't see how USD losing so much strength yesterday
But I should let it go sooner and wait for a chance today
My trade is almost 1 day too soon
  • #116
  • Edited 11:09am Aug 10, 2016 10:05am | Edited 11:09am
Quoting aarontdang
{quote} You're right, I should just let it go after it break 1.31 and took a loss.. I just don't see how USD losing so much strength yesterday But I should let it go sooner and wait for a chance today My trade is almost 1 day too soon
same shit for me every time to early to late. But better to close a position and finding a new better entry. look how much you now had if you had a new entry at 1.30000 with a tight stop also.

btw i would close your position when in profit. Better to look at NZD or AUD

Do you know the CS Dash. Its a strenght indicator and sometimes such a tool can help. It is from Honestknave here from FF with an expire Date set to December this year. If you use it, dont use it for entries and extreme high or low levels are often good for reversals: explaination here http://www.forexfactory.com/showthre...39#post8241439
Attached File(s)
File Type: ex4 csDash.ex4   128 KB | 239 downloads
(.)(.) think first ...
  • #117
  • Aug 10, 2016 10:15am Aug 10, 2016 10:15am
Quoting maximumguita
{quote} same shit for me every time to early to late. Do you know the CS Dash. Its a strenght indicator and sometimes such a tool can help btw i would close your position when in profit. Better to look at NZD or AUD
I think my USD/CAD breakeven point be around 1.3090
  • #118
  • Aug 10, 2016 10:27am Aug 10, 2016 10:27am
Quoting aarontdang
{quote} I think my USD/CAD breakeven point be around 1.3090
by break resistance 1.3075/80 with a close above i would go higher. Question is, will it break through and where is the close? anyway hope you do some money and are prepared if it goes down fast! London session close in half an hour
(.)(.) think first ...
  • #119
  • Aug 10, 2016 10:33am Aug 10, 2016 10:33am
Quoting maximumguita
{quote} by break resistance 1.3075/80 with a close above i would go higher. Question is, will it break through and where is the close? anyway hope you do some money and are prepared if it goes down fast! London session close in half an hour

Thanks : a lot .. I just closed out everything ... I'm breakeven on USD/CAD
If you take a look ... i have 3 accounts .... I bought some @ 1.303 ....
so closing out everything now ..waiting for retrace to rebuy
  • #120
  • Aug 10, 2016 10:46am Aug 10, 2016 10:46am
Quoting aarontdang
{quote} Thanks : a lot .. I just closed out everything ... I'm breakeven on USD/CAD If you take a look ... i have 3 accounts .... I bought some @ 1.303 .... so closing out everything now ..waiting for retrace to rebuy
if i look in the chart i would say good decision, well done

But wait, do i see there a open order EURGBP? uh uh uh
(.)(.) think first ...
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