very smart. after losing 3% in one day you cannot place anymore trades for the day? that would definitely help with the gambling mentality, we all get it sometimes im sure

EURUSD

yeah true, but how far do you let run? always a hard decision. i take half profit at a nice level, and then let the rest run, so at least if they stop me out on a retest, i made money then i can always get back in if we double top and break down ...

EURUSD

i think he means if it breaks 1.2410 he expects more down, that would be in line with a break of the trendline we are bouncing off of now

EURUSD

hopefully my chart helps, we were at the top of the channel, and then there was probably a rumor or something that a euro bank wouldn't be able to make it, i haven't been listening to a squawk today.

EURUSD

you are right, i was thinking 1% per day for a month, but if you compound 1% each day its more than 20% per month, and its about 1000% a year

EURUSD

Nope. Look at the technicals are now pointing down again ( i mostly mean the action we got today and what it means for the next few days). Fundies always have been (well, for a while now anyway)

EURUSD

no say he really did actually do 20% per month compounded, for 3 years. that would be 1000x starting balance. So if he started with $50, he might only be at $50,000 one more year for $500,000, two years he will be $5 mil!

EURUSD

haha wow thats hilarious

EURUSD

yes i agree, however, if you are a good enough trader, there is such thing as under leveraging. but i dont care how good you are, anything over 2% loss is insane imo, 1% is pushing it even. really, its all about the stop loss. you could do 10x ...

EURUSD

as it is back inside the bearish down trend, yes, i'm expecting new lows now , but i don't position trade, although i probably will one day when i am better at it never really expected anything more than exactly what we just got, like we got at ...

EURUSD

looking at the 1hr chart this is one of the largest 3 hour sell offs in the entire bearish move from 1.328

EURUSD

hehe you must not use any margin if 25 pips is nothing 20 pips to me can be up to 1% of my account for the most confident and best r/r trades ill use 5x leverage max with 20 pip stop. i wish i used 5x at 2520 and caught 100 pips of the move (only ...

EURUSD

i could have told you that.. the pair is too heavy for any sort of retrace from here. a scalp was all i expected, and 57 capped the bounce, which was the peak from NFP too bad you didn't get out at BE, good luck with rest of your day

EURUSD

somewhat, he called a 2510 cap, and it did cap there until after NY we broke through. but it wasn't that hard of a call to make i dont think 1.2510 was the bearish channel top, and usually they like to fake a breakout of the channel. just like ...

EURUSD

looks to be targetting 2390- or 1.24, but with this price action, i bet we see 1.23 no later than tomorrow.

EURUSD

Thats where I went short again, I think there is more downside to this one. See you

EURUSD

I see one although not as nice as I thought. It doesn't have to be green to be a hammer

EURUSD

thank you 30m candle might close with a very nice hammer, we shall see.

EURUSD

i dont see how you called 2440 so well, apart from this right here. we were very exhausted, so that helped for a bounce too what was your reasoning behind 2440? am i somewhat on the money here?

EURUSD

yeah, i didnt lose any money i jsut only made a net of +30 (0.6%) can't be upset with that ever, i just wish i could start catching more pips. every time i don't take profit, i get stopped out at BE, every time i do, the move runs for 50-100 pips ...

EURUSD