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  • #1,083,481
  • Dec 11, 2016 10:11am Dec 11, 2016 10:11am
Quoting MrsTrader
I say this as a complete amateur and my view might change much later on, but at this juncture and considering how small I trade, I don't find stop loss useful. I will just end up having my SL hunted and getting my positions closed with losses and having to start over. Instead I prefer to keep my positions small so that I weather the big moves. I am not saying this is better or wiser or more profitable per se, but it is what works for me at this point. And I don't deny that the problem might just be me not setting my SL correctly. I am sure I will...
Have the option for you to put few money in many accounts and diferents brokers too.
Together we can be strongest
Vantage Return This Month: na
  • #1,083,482
  • Dec 11, 2016 10:21am Dec 11, 2016 10:21am
Quoting MrsTrader
I say this as a complete amateur and my view might change much later on, but at this juncture and considering how small I trade, I don't find stop loss useful. I will just end up having my SL hunted and getting my positions closed with losses and having to start over. Instead I prefer to keep my positions small so that I weather the big moves. I am not saying this is better or wiser or more profitable per se, but it is what works for me at this point. And I don't deny that the problem might just be me not setting my SL correctly. I am sure I will...
brokers dont need to hunt your stoploss unless they are bucket shops because they already know that 90% of the traders are not in control of their emotions,they just sit and wait for you to mess up.
100% KENYAN.
  • #1,083,483
  • Dec 11, 2016 10:22am Dec 11, 2016 10:22am
Quoting MrsTrader
So much ego on this thread, and too much heat! Ok chill! Come, let me give all you big boys a good chuckle ... I started the week with *drum rolls* Four hundred and thirty dollars ... and closed the week with a grand total of *drum rolls again* four hundred and eighty four dollars!! Woohoo! $54 profit! Guess that doesn't even cover the swaps for some of you ...
That is a VERY good return for the week and nothing to laugh at...congrats. Keep up the good work....and best wishes
I may not be right...BUT, I am never wrong
  • #1,083,484
  • Dec 11, 2016 10:26am Dec 11, 2016 10:26am
Quoting Pollen
{quote} I woke up seeing your comment pisses me I will slap this in your face {image} I have 3 accounts, the other i trade 10 lots anything else to throw.. ?
Pollen....I think you misunderstand the jest of my comment friend...by no means was it meant to be derogatory.
I may not be right...BUT, I am never wrong
  • #1,083,485
  • Dec 11, 2016 10:53am Dec 11, 2016 10:53am
Guys, not very likely, but still what are the chances of NO hike (USD)?
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,083,486
  • Dec 11, 2016 11:04am Dec 11, 2016 11:04am
Quoting NotAtrader
Guys, not very likely, but still what are the chances of NO hike (USD)?
Chances are good there is no rate hike. They've been talking about it for years and it never happens. Only thing that is different this time is that Obama about to leave office.

But honestly none of it matters. The only thing that matters is you know something will happen at 2pm EST on Wednesday. Trade the price action before, during and after...

EURUSD, every timeframe is down...are they setting up a huge bear trap?.. sure maybe, but why not participate after the event and the trap has been sprung?

Stop predicting and just ride the waves, buy green, and sell red.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #1,083,487
  • Dec 11, 2016 11:44am Dec 11, 2016 11:44am
Quoting NotAtrader
Guys, not very likely, but still what are the chances of NO hike (USD)?
Well Na T....its like the "Boy who cried Wolf"...FF is forecasting a rate rise to .75%. Oil is moving up and trades in the 50$ to 60$ range Gold is behaving as though traders are pricing in a hike....as the DX seems to be pricing a hike in as well. The Dow/S&P are behaving as if there will NOT be a rate hike... but then maybe they are adapting to the reality that sooner or later it must happen.

I really don't think it will matter much in the end...ATM I dont see any major signs of a trend reversal..maybe some short term counter trends.

As a rule the $ suffers during Republican Admins since GHWB, but Trump seems to be diametrically opposed to the "Globalist" mindset. Bottom line...lets see.
I may not be right...BUT, I am never wrong
  • #1,083,488
  • Dec 11, 2016 12:17pm Dec 11, 2016 12:17pm
Good morning...


Quoting kornrogers
{quote}
Thank you...


Quoting NotAtrader
{quote} Good story. Thanks
You are welcome... glad you like it...


Quoting F.g
{quote} Anger managment. . . . .??? NO. Bastard managment. . . . YES. Superb , my friend . You made our evening...
Thank you.. ...Totally! ...You've given me a thought... I should've titled that as Bastard Management or even better, Angry Bastard Management.
  • #1,083,489
  • Dec 11, 2016 1:07pm Dec 11, 2016 1:07pm
If you are tracking EURUSD you may consider my perspective on the pair:

The pair has been on a descending trend since March 2014. However, for much of 2015 the market has been on a sideways mode. A series of consolidation patterns followed; between August and November 2016, price action formed a horizontal consolidation pattern which retested the descending trendline on the weekly time frame. The resulting order flow led to a bearish push and the bears are still strongly influential. Last week, a bearish pin bar formed at a significant weekly support. This is indicative of a further bearish move with a probable target of the next weekly support around 1.03517. The order flow context on the 4H time frame is supportive of further bearish influence but the present level is very close to a monthly resistance zone last visited several years ago.

I may be wrong. Trade safe.

KP

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Do your homework, follow the footprints of smart money
  • #1,083,490
  • Dec 11, 2016 1:15pm Dec 11, 2016 1:15pm
Will be shocked if there is not a hike -especially when doves like Powell start turning hawkish.
Prepare for volatility on Wednesday night
  • #1,083,491
  • Dec 11, 2016 1:36pm Dec 11, 2016 1:36pm
Quoting KeenPips
If you are tracking EURUSD you may consider my perspective on the pair: The pair has been on a descending trend since March 2014. However, for much of 2015 the market has been on a sideways mode. A series of consolidation patterns followed; between August and November 2016, price action formed a horizontal consolidation pattern which retested the descending trendline on the weekly time frame. The resulting order flow led to a bearish push and the bears are still strongly influential. Last week, a bearish pin bar formed at a significant weekly support....
Very good observation KP...I support your view it is what I see as well....maybe a bit more aggressively
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I may not be right...BUT, I am never wrong
  • #1,083,492
  • Dec 11, 2016 1:43pm Dec 11, 2016 1:43pm
Quoting Spartanholds
{quote} Very good observation KP...I support your view it is what I see as well....maybe a bit more aggressively{image}.
Thanks m8! Trade safe.

KP
Do your homework, follow the footprints of smart money
  • #1,083,493
  • Dec 11, 2016 1:56pm Dec 11, 2016 1:56pm
Quoting KeenPips
{quote} Thanks m8! Trade safe. KP
As always....you are welcome KP...this is my H4 chart view...
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I may not be right...BUT, I am never wrong
  • #1,083,494
  • Dec 11, 2016 2:01pm Dec 11, 2016 2:01pm
Quoting Spartanholds
{quote} As always....you are welcome KP...this is my H4 chart view...{image}
Good use of inside trend lines. Green pips to you.

KP
Do your homework, follow the footprints of smart money
  • #1,083,495
  • Dec 11, 2016 2:05pm Dec 11, 2016 2:05pm
I'm looking for a nice pullback to get in, then going to ride this bear to the bottom. (.9900 zone) (long term 30-90 days)
https://www.tradingview.com/chart/EU...bottom-0-9910/
  • #1,083,496
  • Dec 11, 2016 2:11pm Dec 11, 2016 2:11pm
Quoting Noors
{quote} I've started to try some sort of method to turn $300 into 1.3k pull out 1k and start over and see if I can consistently do that. I'm aiming to do it 10x, I've accomplished 3x now on my 4th. Otherwise the same thing happens to me, I guess its a psychological thing. When my account grows I get cocky and say to myself I've made x amount of profitable trades I could of made more $$$ if I used larger lot sizes so then I get ahead of myself and blow my account. Now I'm trying to be a little more conservative. Instead of abusing my system I'm just...
I've actually done this a few times, I pickup and move on, greed gets to me and I have a high risk tolerance, too high I guess. Never did 300 to 30k again but I've done it to 25 and 20k, last year was my first year being profitable in 8 years of trading, yes it was a live account. When I'm on roll like that I get almost a god complex and feel I can do no wrong. And say to myself well I'll up my margins this time and stick with this lot size after building more capital. After going below margin when on the cusp I've taken a mentality before of I have to hold onto this trade it's going to come back, If I hold onto it nothing will be lost. Hold the losers too long and the winners too little. So the rules for myself are.. I close out my trades almost every night so I can look at the chart fresh the next day with no bias as to what direction I think it's going "bias of a trade you already hold and want it to go further" happens to me when don't close out. If I do leave it open overnight got to have a stop loss, I've lost my ass so many times while sleeping going no stop. Have a line in the sand set for every trade of maximum acceptable loss. But don't draw lines for profit, should still have an idea of zones you would take profit though. Cheers and happy trading
  • #1,083,497
  • Dec 11, 2016 2:12pm Dec 11, 2016 2:12pm
Quoting Paulie7482
{quote} Yep, maybe I can get more ; ) (greedy)
There is a small gap, so good for you.
  • #1,083,498
  • Dec 11, 2016 2:24pm Dec 11, 2016 2:24pm
Quoting Lilly88
{quote} There is a small gap, so good for you.
Where do you see gap at?
  • #1,083,499
  • Dec 11, 2016 2:31pm Dec 11, 2016 2:31pm
Look at the 2 bottom TL's that's eventually where it's going, these date back to 2008.
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  • #1,083,500
  • Dec 11, 2016 2:49pm Dec 11, 2016 2:49pm
Possible targets bassist
Daily analysis
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