Still didn't start any trade today but i think i am quite satisfy with these sword lines{image} 1258.0 1256.7 1255.2 1253.5
- #324
- Feb 27, 2017 8:37am Feb 27, 2017 8:37am
- | Joined Jan 2014 | Status: Trader | 1,147 Posts
probably still have power to go up but i am out of energy and just want to get rid of all those bad trades i had made tonight
- #325
- Feb 27, 2017 8:39am Feb 27, 2017 8:39am
- Joined Jul 2014 | Status: Trader | 26,386 Posts
probably still have power to go up but i am out of energy and just want to get rid of all those bad trades i had made tonight
{quote} 90S, I thought you are still bullish on gold, why open so many shorts?
{quote} I'm guessing but 90s probably thought it would drop to 250.7 or 1247.4 before changing direction into a long.
stop & reverse and stop & reverse and stop & reverse trade, that was really dumb
all begin with the idea that i think it need deeper correction
but 1253.5 is really strong (which i think we must remember this level)
so i carried some short positions when it breakthrough 1258
and i realized that no more deeper correction and i made the first reverse trade
but the market is tricky to made some quick and deep squeeze which hit my SL
and i made the second reverse trade (which at that time I lost my mind already
)and within minutes, the market went up and my short hit SL and i finally realized that this quick correction is a fake
Which i started to have confidence that it can break 1260 and made my third reverse trade @1258
and this lead to two very aggressive buy stop @1260, but the 1st attempt to break 1260 failed
at that time, i have two ideas in my mind
1. this is very similar to the situation before breaking 1238.9
2. given how important i think 1258 is, if this level cannot be held, my long positions should be closed and no more reverse trade should be made
PLEASE try to avoid stop and reverse trade
I set some really really negative example tonight
1263.7
1262.1
1260.1
1258.0
- #327
- Feb 27, 2017 9:20am Feb 27, 2017 9:20am
- | Joined Jan 2014 | Status: Trader | 1,147 Posts
{quote} {quote} Although i made some profits, i produced some really really bad trades tonight
- #328
- Feb 27, 2017 9:37am Feb 27, 2017 9:37am
Trade fearless not careless...
Syed Mohsin Ali Profit This Month:
-137
- #329
- Feb 27, 2017 12:11pm Feb 27, 2017 12:11pm
Trade fearless not careless...
Syed Mohsin Ali Profit This Month:
-137
Hi morning all
i thought i was still dreaming when i woke up this morning and saw the price was at 1253 but not 1263
anyway, that's unexpected, and maybe it is the deeper correction that i was thinking about
so all of a sudden 1253.5 became our resistance now, and i think it is not a good idea to go long before breaking and hold 1253.5
let me recap the nearby sword lines we have now
good luck all
1263.7
1262.1
1260.1
1258.0
1256.7
1255.2
1253.5
1249.7/1250.7
1247.4
1244.8
1242.7
i thought i was still dreaming when i woke up this morning and saw the price was at 1253 but not 1263
anyway, that's unexpected, and maybe it is the deeper correction that i was thinking about
so all of a sudden 1253.5 became our resistance now, and i think it is not a good idea to go long before breaking and hold 1253.5
let me recap the nearby sword lines we have now
good luck all
1263.7
1262.1
1260.1
1258.0
1256.7
1255.2
1253.5
1249.7/1250.7
1247.4
1244.8
1242.7
{quote} There is a local FX broker, Rakuten Securities HK, which is under HK SFC regulation and is holding a HK SFC license. Rakuten Securities HK is formerly named FXCM Asia, which was acquired by Rakuten Group Japan one year later after FXCM's Swiss Franc loss in 2014. I have been with them for more than a year, there is no problem with any amount of withdraw. Pros: Your money is deposited in HK and is totally secure; Fast withdraw and if you hold a BOCHK account, there is no fee; Moderate spread (same as FXCM) Cons: Max leverage 20:1 to...
i heard about this Rakuten too, but i think the leverage is not enough for me
and i think i still want to stick with MT4
but anyway, thanks for your suggestion
{quote} hi Derecho i heard about this Rakuten too, but i think the leverage is not enough for me
You are welcome.
By the way, I trade in HK too, and I mainly focus on CME market (FX futures, Interest rates Futures and Equity futures).
If you are interested in U.S. futures some day, I will be pleased to introduce you some decent futures brokers.
Happy trading,
D
Hi all,
Nothing special to update about the market.
But I want to say that i just got my 50K from Pepperstone
So i think i can still trust this broker
but in the long run, i think i have to split my fund into two
Nothing special to update about the market.
But I want to say that i just got my 50K from Pepperstone
So i think i can still trust this broker
but in the long run, i think i have to split my fund into two
- #338
- Feb 28, 2017 6:05am Feb 28, 2017 6:05am
- Joined Sep 2012 | Status: Edge,Phsycology And Money Managemen | 1,011 Posts
Hi all, Nothing special to update about the market. But I want to say that i just got my 50K from Pepperstone So i think i can still trust this broker
no need, pepperstone is a really good broker, i think when your account reaches $500k(USD) then you can think about splitting accounts.
I am what Many Dream to be but only a few can achieve, im a part of the 1%
- #340
- Feb 28, 2017 6:15am Feb 28, 2017 6:15am
- Joined Sep 2012 | Status: Edge,Phsycology And Money Managemen | 1,011 Posts
I am what Many Dream to be but only a few can achieve, im a part of the 1%