Just manually closed all my sells (from 1.3330-1.3490) here at 1.3320. It is a very modest target but I was starting to feel a little uneasy so I decided to exit early (as usual 😂).
Good luck and happy weekend..!

Happy Holidays..!!

Good holidays, bro,...

You can utilise WebTrader.

This post has been edited by demolationz: Dec 14 2019, 07:51 PM

i started trading in 2015, consistently make profits and some loss

yes you can make money with forex, just dont be greedy and execute your trading plan diligently

Do you guys set stop loss? is that necessary if your capital huge?

regardless small or huge capital, u r advice to put the stop loss,

why is stop loss related to account size?

Stop loss should always be there no matter if your account size is big or small
Always trade with cautious

This post has been edited by invoker111: Dec 15 2019, 01:01 PM

Why does leverage affect your trades?
Unless you over leverage and risk big.

Anyone hv such ea will be super rich and silent.

No reason to reveal it to the world here.

Free? Hehe.

thanks bros for the well wishes...

nice exit around 50% pullback. profit is profit

your 1.3330 entry keeps bothering me though

Yup, I agree that it was not the best entry but I chose to place my first pending short order there because it was the fibo 161.8 retracement level of the recent pullback (from 1.3228 to 1.3050).

The main rationale for shorting was the prominent divergence in the daily chart. Once I have determined this, I usually identify key fibo levels (in the smaller timeframe as well as the larger timeframe charts) to place short orders.

During the spike on Friday, GU actually hit many key fibo levels and stopped just a few pips shy of the 261.8 retracement level (1.3520) of the recent pullback (mentioned above).

All my short orders were between the 161.8 and 261.8 fibo retracement levels. Usually when there is prominent divergence in a bigger timeframe chart and we get a spike (new high), short orders placed in the region between these two fibo levels are “almost” fail safe.

More importantly, looking at the weekly chart, it was the first time we hit the fibo 61.8 retracement level (approx 1.3450) of the big fall (from 1.4378 to 1.1970). Hitting this key level for the first time and having a nice divergence made pullback very likely and further strengthened the rationale to short.

Btw, I am keeping an eye on this fibo 61.8 level. It may be a good opportunity to short if we get close to 1.3450 again. Failing to break and hold above it means that we will likely see fibo 50 once again (approx 1.3170). Cheers

Ps: Sorry for being so wordy 😂


This post has been edited by Alan Andrews: Dec 16 2019, 03:07 PM

How did u guys set stop loss? If always aim 100-300 points TP.

I use Stop Loss @ 5% of my capital. Stick to this or below until you are confident and you have consequetive winning trades, then maybe can increase... but just a little.

thanks for the explanation...nothing to be sorry about

i figured you park an order there beforehand...but didn't look at fibs or bigger tf to realize it was also a key s/r level...price hitting 161.8 extension is quite normal, almost hitting 261.8 is something else

I use 1:500 on ea account because it is martingale type. With small capital I need that big leverage.

UC high risk buy good dive and buying window.
EU GU can start shorting again as well.