I know why it is. Been burnt on that many times. Easy to be undisciplined and let it go a little bit further. The advantage is that you are not taken out on spread widening , and also not on spikes. I trade a lot of exotic instruments and there ...

The Really Useless Thread

It is actually the one thing we can control almost 100% in trading and that is our losses. But to get taken out on SL when you are right is truly a waste. Personally I trade with mental very wide SL and will not be taken out on a shakeout. I have ...

The Really Useless Thread

But isn't that the point with SL hunt and shakeouts to get traders to throw their positions

The Really Useless Thread

Yupp, will wait and see how it looks after close. I dont like long high activity candles on 4H penetrating MA 50 100 and 200 and resistance level for my shorts but lets see how it close. They took out a lot of SL with that one. Thats for sure.

The Really Useless Thread

Think we are in a shake out . Can not find anything else.

The Really Useless Thread

Yes, close to one month overdue . Last long narrow ranging period was close to 2 months ( Dec 2015 to Feb 2016) .

The Really Useless Thread

hehe, DB is to times the biggest actor in the Forex market. And since they have most of their assets in € they dont want to weaken euro before the fine to US 14 billions is paid in USD ( It is a joke. they know how to hedge ) , and this ...

The Really Useless Thread

More bad news from German banks, Commerzbank fire almost 10000 employers .

The Really Useless Thread

Can be reel. He is trading unleveraged and small account so can sit true a lot of DD and shakeouts, just wait, average trade is lasting 46H. And looks like he mostly get the main direction correct. He average down / scale in ( Look the USDJPY he has ...

The Swamp

Very well done Manosk. You really nailed it. I am flat again in USDRUB for some days sow was missing this nice move. Looking positions again ( As always ) . But it will be during and after retracement when that comes.

USD/RUB

Thank you Sisse. Very good points. Warren Buffet was telling a group of students. When you finish your education every one should get a punch card with 20 punches on and that is all the investment decisions they can do the rest of their life. They ...

The Really Useless Thread

DB and German Finance department denies the rumors. Now it start to be interesting . Not even dreaming about they telling the truth.

The Really Useless Thread

I am posting this one on behalf of Magixs I asked Benaiah if I could be in the 1 yr challenge, which he said yes and added me to the list. And since then I'm unable to msg him, he has blocked me and/or commercial members from messaging him.. I'm a ...

1 year profitable trading goal

Always . But all my hedges are also technical trades. ( Means I only take the hedge when it is inline with my TA for the individual trade but mostly against the FA) And as a bonus I always try to trade with the positive swap . You have an ...

1 year profitable trading goal

Learn to make something when you are wrong too ( Small hedges like 25 to 50 % of your main position in negative high correlated instrument, and when you are right take the small loss on the hedge, your hedges should be valid trades too technical you ...

1 year profitable trading goal

When you know you are right. Not only you know. Most of the market and big money know. Price can go against for short time, Sow what . And is this moments you want to trade against the expectations? ( Yes yes I know Sterling go up at the moment. ...

1 year profitable trading goal

Looks good. But why fight fundamentals? There is so many instruments to trade where you can trade when fundamentals and technical line up. Sterling will probably get a pop up in line with your trade. But is it smart to buy something that you want to ...

1 year profitable trading goal

1H easy spot. But it is as accurate as the average price for fish in Beijing But ok for a first shot with low leverage. It can go your way. If not you have more bullets when next R level is meet

1 year profitable trading goal

Agree, and do not forget about confluence where several different levels meet, more of the hundred of thousands individual has the same levels but look different things.

The Really Useless Thread

"Explain to a Granma/somebody with 0 experience in trading and charts in 2 lines where? and -> how? should I draw those lines." I did not understand anything of it What Imarich1 write I understand , But a chart or line where he explains it ...

The Really Useless Thread