Don_xyZ wrote:Don_xyZ wrote:prochargedmopar wrote:
Hope you and Lem get better soon.
Is it just old age or you guys have crappy diets?
Or maybe that China virus?
I think Lem used to be a rock climber so could be just a couple old dudes. hahahaha
I haven't seen much on your history.
No, not that virus.
Breathing issue.
They gonna check my trachea tomorrow. Well, if they couldn't fix it then my days might be numbered.
I have 1 trade and it's on NZDUSD and it was running at 150% before the weekend but I didn't close it. Let's just go crazy before I die. If I survive this whole health issue, I might try to challenge myself with a small balance, maybe it will attract new traders to come here (coz apparently they love stuff like this lolz though I'm gonna tone down the risk-taking level). I will open a new thread called NAA (Not Afraid Anymore). This is gonna be my 3rd extra live so I guess the title is appropriate.
So, N/U...
H1+D1+small tf trigger.
This one is a very aggressive trade. Almost wiped out my entire account during the first 30 min. or so. Good thing is the margin is very small compared to other XXX/USD pairs.
Screenshot_20220411-091405.png
Screenshot_20220411-091452.png
Screenshot_20220411-091508.png
PS: If you still have fear when trading, then this thread is definitely a negative theme for you.
This N/U trade didn't go well and I lost my 150% unrealized profit because I kept pushing my luck. I really thought it would go down hard but it didn't. However, because this is a very aggressive trade I had to cover my position. If the market is indecisive, it could go hard after gathering more power or it could just go super fast in the direction of the previous trend. Because I expected that the market might go up to gather more sellers I moved my SL to profit. This only protected a small portion of the profit but it's better than getting $0 or even minus. Not the smartest move on my part but because I'm still in the hospital I could not monitor the position tick by tick which I usually do. Here's my thought process on this trade...
Well, not everything will go your way. I'm still perfecting my craftsmanship.
Now let's move to something else. I entered 2 trades trying to scalp the E/U. This is the xth scene for me and it should be pretty obvious for those reading this thread. As a reminder, I put the related charts below:
post150313#p150313
post149626#p149626
post149731#p149731
The thought process goes like this:
The files are too big to upload directly so I used pic hosting site.
The E/U scalp yielded 62.20% when I closed the trades around 4 hours ago. The pattern is not yet completed but I'm not sure whether this will go full length or reverse midway. I mentioned the gathering of more power on the N/U trade and this is a classic example of how they do it. The market looks very much hesitant to go down as it printed lower highs and lower lows. Eventually, the sucker move entered the scene (which created the 3rd lower high) taking out all of the stop losses from the untrained sellers. A stop loss for a sell order is buy order and who is selling for those buy orders? Exactly. The trained sellers entered the market with a much better price thanks to those stop losses. Knowledge and experience about this stuff is crucial because sometimes the aftermath is the price will shoot very high very fast or vice versa.
For those of you scalpers who love trading indices (CFD) you can check this vid by Tom, maybe useful. It might also be useful for everyone trading any market that is liquid because the core concept is there.
https://youtu.be/EjKtjDIKupA
Lol, 62% EU scalp. My mind just doesn't process those ideas together.
I definitely have noticed those fakeout swings then price moves like a jet. I have been casually studing them but have not put them in my trade arsenal yet.