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

  • #121
  • Aug 10, 2016 10:52am Aug 10, 2016 10:52am
Quoting maximumguita
{quote} 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

Yes lol ...EUR/GBP is at good position to short now ...
I've been looking at it for a while...
GBP/USD is at support
EUR/USD have limit upside maybe 20 pips max
  • #122
  • Aug 10, 2016 11:00am Aug 10, 2016 11:00am
Quoting aarontdang
{quote} Yes lol ...EUR/GBP is at good position to short now ... I've been looking at it for a while... GBP/USD is at support EUR/USD have limit upside maybe 20 pips max
mh, did you had a look in the weekly? your words ".. to early ... " but hey i donīt have a cristal ball so maybe why not

btw AUDCHF could be a good short
(.)(.) think first ...
  • #123
  • Aug 10, 2016 11:14am Aug 10, 2016 11:14am
Quoting aarontdang
{quote} Yes lol ...EUR/GBP is at good position to short now ... I've been looking at it for a while... GBP/USD is at support EUR/USD have limit upside maybe 20 pips max
yeah im in too, lets see. i have two positions entry 0.85940 1. tp at 0.85660 and 2.tp at 0.85400 SL 0.86080
(.)(.) think first ...
  • #124
  • Aug 10, 2016 11:30am Aug 10, 2016 11:30am
Quoting aarontdang
anyone know any good indicators to look at the resistance/support locations?
"Bill William's Fractals" OR "Fractal Dots" is the only indi you need to identify strong areas of S&R and swing zones.

Fractal Zones ARE Support and Resistance!
It's time we stop entertaining ourselves and start realizing ourselves!
  • #125
  • Aug 10, 2016 11:39am Aug 10, 2016 11:39am
Quoting moneyflow21
{quote} "Bill William's Fractals" OR "Fractal Dots" is the only indi you need to identify strong areas of S&R and swing zones. Fractal Zones ARE Support and Resistance!
i use this one. Do you have a better one maybe?
Attached File(s)
File Type: ex4 FractalSupportResistance.ex4   20 KB | 294 downloads
(.)(.) think first ...
  • #126
  • Aug 10, 2016 12:06pm Aug 10, 2016 12:06pm
Your losses are much bigger than your wins, USE STOP LOSSES. What is your average drawdown?
  • #127
  • Edited 12:28pm Aug 10, 2016 12:15pm | Edited 12:28pm
Quoting maximumguita
{quote} i use this one. Do you have a better one maybe? {file}
Well, this is the one that I like the most because it keeps the charts nice and clean and is not to intrusive.

Here's what it looks like on a clean/naked chart and the colors and sizes can be customized.

Attached Image (click to enlarge)
Click to Enlarge Name: Frctldots Example.png Size: 99 KB


Attached File(s)
File Type: ex4 Frctldots.ex4   8 KB | 455 downloads


And here is another useful Fractal tool that displays the prices at the Fractal Swing Levels which can be useful and convenient. All these would work in great combination with the one you use which draws the horizontal lines

Attached File(s)
File Type: ex4 Fractals_Price.ex4   15 KB | 509 downloads

Attached File(s)
File Type: mq4 Fractals_Price.mq4   7 KB | 480 downloads
It's time we stop entertaining ourselves and start realizing ourselves!
  • #128
  • Aug 10, 2016 3:52pm Aug 10, 2016 3:52pm
Quoting moneyflow21
{quote} Well, this is the one that I like the most because it keeps the charts nice and clean and is not to intrusive. Here's what it looks like on a clean/naked chart and the colors and sizes can be customized. {image} {file} And here is another useful Fractal tool that displays the prices at the Fractal Swing Levels which can be useful and convenient. All these would work in great combination with the one you use which draws the horizontal lines {file} {file}
cool, will have a look, thank you
(.)(.) think first ...
  • #129
  • Aug 11, 2016 8:39am Aug 11, 2016 8:39am
Quoting maximumguita
{quote} yeah im in too, lets see. i have two positions entry 0.85940 1. tp at 0.85660 and 2.tp at 0.85400 SL 0.86080
EUR/GBP seem like it's not going down...EUR is just too strong I guess
USD/CAD seem like a good buy @ 1.30 soon
  • #130
  • Aug 12, 2016 11:06am Aug 12, 2016 11:06am
Quoting aarontdang
{quote} EUR/GBP seem like it's not going down...EUR is just too strong I guess USD/CAD seem like a good buy @ 1.30 soon
EURGBP for me to early maybe at 0.88 down for a few weeks?
i begin to build up positions in all jpy pairs
(.)(.) think first ...
  • #131
  • Aug 14, 2016 5:27am Aug 14, 2016 5:27am
How can you afford this much draw down? I'd recommend reading investopedia's guide on stop losses and risk to reward ratio, I'm new to trading but this is exactly what I hope I never do.
  • #132
  • Aug 14, 2016 5:33pm Aug 14, 2016 5:33pm
You got to admit, at least he truthful in his thread's title. This is definitely not how anyone should trade.
  • #133
  • Aug 14, 2016 5:34pm Aug 14, 2016 5:34pm
Quoting investing101
You got to admit, at least he truthful in his thread's title. This is definitely not how anyone should trade.
What I don't understand is that OP has done this twice before and changes nothing at all.. This isn't honesty it's stupidity.
  • #134
  • Aug 14, 2016 8:26pm Aug 14, 2016 8:26pm
Quoting Subliminal
{quote} What I don't understand is that OP has done this twice before and changes nothing at all.. This isn't honesty it's stupidity.
I might blow account sometimes, but my return rates are bad ... Most important parts of trading are .... Are you profitable? There's no best system, just trades the way to want to
  • #135
  • Aug 14, 2016 8:28pm Aug 14, 2016 8:28pm
Quoting aarontdang
{quote} I might blow account sometimes, but my return rates are bad ... Most important parts of trading are .... Are you profitable? There's no best system, just trades the way to want to
I'm just beginning only on demo's, I just began demoing too early to call myself profitable, I know there is no gold mine system, you'r breaking simple risk management rules.. blowing tons of money.
  • #136
  • Aug 15, 2016 12:00am Aug 15, 2016 12:00am
Dude you must be sitting on a boatload of cash, just stop what youre doing and go back to demo.
Trade there until you can learn to be consistently profitable either that or withdraw 12k and trade microlots. The way youre going about it now is like a gambler with way too deep pockets.
  • #137
  • Aug 15, 2016 12:06am Aug 15, 2016 12:06am
Quoting Subliminal
{quote} I'm just beginning only on demo's, I just began demoing too early to call myself profitable, I know there is no gold mine system, you'r breaking simple risk management rules.. blowing tons of money.

Demo and Live accounts are 2 separate things, trust me.... when you dealing with real $$$$ at risks ... your emotions are totally different.
You can earned 1,000% doesn't guarantee you will earn anything in live account.
Market changes every sec ... nothing is set in stone ....
  • #138
  • Aug 15, 2016 2:16am Aug 15, 2016 2:16am
Quoting aarontdang
{quote} Demo and Live accounts are 2 separate things, trust me.... when you dealing with real $$$$ at risks ... your emotions are totally different. You can earned 1,000% doesn't guarantee you will earn anything in live account. Market changes every sec ... nothing is set in stone ....
I'm aware they're two seperate things. You however are ignoring what I said.. you aren't even following the most basic rules.
  • #139
  • Aug 15, 2016 4:15am Aug 15, 2016 4:15am
hope you have a plan what to do by a breakout in E/G?

Regards
(.)(.) think first ...
  • #140
  • Aug 15, 2016 7:26am Aug 15, 2016 7:26am
? again - 30% i see the next short at 0.87050 last high is 0.87700 till there is your account death
(.)(.) think first ...
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