Interesting, and that makes our work so challenging, are the different views on charts. Take for example the monthly: is this the looooong awated breakout? Or will it continue (and where would it stop)? Or do we just have to adjust the red line (and ...

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Very good summary and conclusion. I agree, except for: I use some indicators that help me to get a picture of the situation. Indicators that work on different time frames and that I understand! I do not follow any "arrow up=buy" or "sell alert!". ...

What I learned after losing $300,000 trading forex

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Join this thread: url More deposit. And then join this thread: url

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Remember the step response? (just an example to remember): image Should be below "the middle"

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video

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Totally agree! Just... prices not, but levels are. At least to a certain extent. Until the price breaks out and defines new levels. Green pips for @all and stay calm and healthy!

What I learned after losing $300,000 trading forex

1.18100 looks like a support (and 4h 50% Fibo) ****edit*** and 1.18200 is the 61.8% on "my" Fibo

EURUSD only

I set sell stops this morning and went to work. When I came back everything was good and not too much dopamine ;-) image Good that I wasn't in front of the screen at that moment... image

What I learned after losing $300,000 trading forex

lalalala, thanks Leonardo Fibonacci... Had to work today. But in the morning (7:17AM Berlin-Time) I knew where it would go: image ***edit*** for those, who don't believe me: image

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Thanks for your answer. Then call it Fibo-Lines. Look at the charts and voilá: there they are who is "we"? I am here in this forum exactly to take away my emotions and let some EAs do the work. Again: my goal why I am here in this forum and thread ...

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Why not? Depends on your strategy ;-) I like this situation. short/long/short/long/short between supports and resistances. Like a squirrel

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reminds me of a Star Wars shooting scene or sewing pattern...

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Congratulations! Honestly... I have been using the EA for a year now. It is really cool, what made me stop using it at the moment is the fact, that once in a while there was a day that ate all the wins from previous good days. Posting percentual ...

London close trading system for currencies

Thanks for your work to evaluate the data. Just one question: wouldn't it be more meaningful to analyze high/low instead of open/close?

What I learned after losing $300,000 trading forex

This is imho THE most important question and that's why the bank always win. The SL is the 0 of the Roulette game. When creating a table "if price touch 0.25% level there is X% chance to touch 0.5%" we need to know what happened before touching the ...

What I learned after losing $300,000 trading forex

Another beautiful one today: image

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Not all: this is a fibo a was drawing some hours ago. Just did not dream that it really would hit the 261.8. But as you see, it followed at least one law or rule. image ****EDIT**** my personal guess: todays close at 1.19072

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Exactly that's why I asked. The price was in the middle of nowhere. Away from any resistance or daily high.

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Why? And why that tight SL? There must have been a reason for your decision.

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