Looks interesting. May I ask which EA it is? Or "just" a common grid trader with % settings instead of pips?

What I learned after losing $300,000 trading forex

Oscillating sidewards until reaching the lower trend-line (blue in your chart). Then the decision will be made whether another step upwards will happen (up to 1.24 as shown in the bullish butterfly).

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@ll! Aren't we losing the thread? It was about "What I learned after losing $300,000 trading forex", a more general almost philosophical topic. We should not discuss indicators or probabilities of single pairs here. There are enough other forums ...

What I learned after losing $300,000 trading forex

...and now the calculation gets difficult: where to place your S/L? In how many cases and with which amplitude did the daily go into the oposite direction before coming back to the predicted, probable price? S/L too tight: can be stopped out before ...

What I learned after losing $300,000 trading forex

A nice weekend to @ll! Another week has passed. Besides indicators, analysis, whatever: close your eyes and just listen to your feelings. And ask yourself: was it a bullish or bearish week? And then take a look at the weekly chart. Which I won't ...

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That's why you should be patient and trust your strategy... Remember my post around noon? London Open Box? image Okay, I wated while watching the Snooker half finals. And? image Bingo! Have a nice weekend @all and stay healthy!

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Maybe... here is the London Open Box for today. Feel free to use ;-) yesterday it hit Buy TP1 AND Sell TP1

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True, but with "broken" I mean a candle stop (at least M15) below that value. At the moment it still looks just like a dogs pee mark to define the London Open Box...

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If this support at 1.1793 will be broken, then the way down to 1.17464 (short target 1) for today is open. Beased on a moving two-day fibo.

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Hope is on the way (H4): image

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Yip. Or, when you think day's high has been reached, open another short with a higher amount (no, no martingale...) and close all close to break even.

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There is always a chance for everything. If the EURUSD stays within following slight inclined H1 channel, then it might get close to the 1.1720. Might... And what should you do? If you cannot hedge and are out of money to short more... do as we all ...

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First I thought that you might just forgot a "1". But then I remembered the butterfly... image

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Haha, same scheme as last week: - good numbers from USA - USD goes down to hit the S/L from shorts - then the USD goes up with some delay

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yes, yes... the crazy fibo guy... image

EURUSD

Surprisingly it fits perfectly with "my" weekly fibo chanel: image

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if the weekly history is repeating... image image then we will have a bearish correction (also the last week's candle looks very bearish anyway)

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Agreed. You can change "big player" by "how market is manipulated/controlled". The chart that I posted above is a perfect example that you could use in any lesson or book about forex. Quoting 5astelija I think the spike was to kill all weak shorts, ...

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Also, I know I am repeating myself, so interesting to see how ALL big players somehow use the same algos in their codes. Otherwise it would not be possible to hit theses levels exactly as calculated BEFORE (no repaint) image

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Something I always find interesting as an engineer for signal processing: the behaviour just like in control technology. A little thing called "step response": image https://lost-contact.mit.edu/afs/umich.edu/class/ctms/Public/html/extras/step.htm ...

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