I had been expecting a breakout of this range and planning for 1000 pips, please let me the way to avoid these losses ;--RRB-Originally Posted by ;
I had been expecting a breakout of this range and planning for 1000 pips, please let me the way to avoid these losses ;--RRB-Originally Posted by ;
And Planning 1000 pips from a 5mn doesn't look rightOriginally Posted by ;
Check daily in the Event That You do that
Breakout are Often clear when a trend is strong..but AUDUSD looks like a Wreck
Losing is part of this process
it is about handling your losses and maximizing net profit
AUD/USD is in a down trend and also the daily chart demones you could sell and ride the fad but you want to get a wide stop behind the key levels not to be removed by random noise or a pull.Originally Posted by ;
If your stop is too near, then it's possible to get removed and the tendency will still continue after a brief retrace or random sound.
The pair is currently around 0.753 along with the following target is 0.75. After, it can return to 0.74. But, it can still retrace to 0.76 or even 0.765 and then come back down. So, the stop needs to be wide.
Example of sound was that the NFP report today and also the pair spiked towards 0.7530 before stalling. I really don't think any movement up will be sustained although it can still go higher.
Since most of us do I testing methods.
My question is, Why not Show your absolute Worst analyzing result, and go backward? Trade the reverse.
You simply timed it wrong, no big thing. Until it is it's not a total loser. I have an interest of Demand at the level it's at now although I am not investing GU. 1.336-1.337. Then other factors must be taken in by you. Today is Friday... Momentum type of fades shortly. A trade such as this, you can misfire multiple times with great RR since IMO, this resembles a big pip-er. Can be a 200. . pip-er. Look for one more entry Monday...
Quality levels on a chart are only areas of interest, reactions to them happen because of other factors. Figure that out and you're going to have entrances. Occasionally they react before your lineup and sometimes they dip down deep below your line. Why? Don't abandon your levels, they may be put on, but your timing was off. Concentrate on the timing of the reaction around your level. Hint, it has nothing to do with all the chart.
Originally Posted by ;
I don't believe the idea is a loser.... I'd keep an eye on this Monday from London on... You never know... Certainly a deal...
Originally Posted by ;
Because you can see my te , life isnt easy .
I believe that usd Will begin gaining energy because its fed main objective during this Next years as a european I could tell that europe market is near breakdown.
BCE can't quit qe or increase rates . Not if they want market heals.
But it may be a play from eu to eventually make a fiscal plan common to all eu countrys .
This os what I believe , but potential Will tell
This is an excellent idea for a thread. Kudos to the op. Here's my contribution for the week:
Went long EUR/USD at 1.1820, got sucked into a spike around the 15m. Doubled down at 1.1800, thinking I could just ditch the initial one at break even. Could have got out using a reduction, but decided to let it all ride. Result: 5.5 percent drawdown for the week, including one other loser. My take on what went wrong: I intentionally went counter trend thinking it has to turn around somewhere. It is like standing in front of a freight train that is loaded, hoping it's going to cease in time. Anyway...I'll attempt to find charts or at least more details on future posts.