EUR/USD

The eur/usd still moving above the 1.1150 support point but i will keep an eye on it next week to see if there is pullback or the strong down trend will continue.

victoriajensen posted:
 I am waiting to see whether EUR/USD will break below the support at 1.1150 because it could still form a double bottom and start moving to the upside again.

Do not wait for the double bottom dear....... the pair is going down to 1.07´s levels (médium term perspective)

The market is on pause after yesterday fall. I guess by next week the market will decide whether there will be another break on the EUR/USD or not

EURUSD plunged during yesterday session breaking below the consolidation channel at 1.1270 and closed near the low of the day. The pair may develop a downward trend towards a Fibonacci extension at 1.1018. We may see a pullback to the previous support, now turned to resistance at 1.1270 before another leg down.

FERMONZOR posted:

victoriajensen posted:
 I am waiting to see whether EUR/USD will break below the support at 1.1150 because it could still form a double bottom and start moving to the upside again.

Do not wait for the double bottom dear....... the pair is going down to 1.07´s levels (médium term perspective)

This is gradually becoming a gamblers', astrologers' forum :)

Am I wrong for buying the EUR/USD now?
It looks like a Strong Down Trend in the EUR/USD.

I suggest only members with 3 years old at least should be able to post on 'Experienced Traders'

EUR / USD fell yesterday with the news on the CPI.
However the RSI indicates eventual recovery. Went out of their oversold territory and is now pointing up.
The broader trend is clearly downward with the EUR / USD to reveal lower minimum and maximum below both moving averages 50 and 200 days.
R3 - 1.15194
R2 - 1.14493
R1 - 1.13232
Daily Std. Pivot - 1.12531
S1 - 1.11270
S2 - 1.10569
S3 - 1.09308

CrazyTrader posted:
I suggest only members with 3 years old at least should be able to post on 'Experienced Traders'

 Well if you WARNED of a breakout to the down side for EU WHY DIDN'T YOU OPEN ANOTHER SHORT ON THAT DATE?

 Now for all of you who are into swingtrading, please look at what this supertrader did.



 To the far right of the snapshot you can see the red arrow... That is the sell position of crazytrader. You can then see after that EU started a move up of what would be 259 pips.... Crazytrader didn't hold that trader because he believed that the trade would come back to him. He held that trade for so long because he entered, and upon entering the trade sent him into a red position. He then would move his stop loss higher and higher as eu kept climbing. His stop loss at first was only 55 pips, and he then some how decided to let his loss go as high as 259 pips. It turned out that NFP of feb caused the drop of EU which saved him, and EU has not been able to recover since.
  AFTER that you can see that his account has gone into a deep red with many different trades all resulting in very small wins, and high losses. He now says that it was obvious that EU would drop, but if that was the case, why didn't he add to that sell? My guess is that he isn't confident in the EU sell, or the owner of the account has taken away his access because he has not placed not one trade in more then a week.

  I on the other hand used the very same lot size, and would never allow my trade to go 250+ pips in red, and that was heading into NFP.... If that doesn't show recklessness as an account manager then I don't know what else. At that point with the 250 pip red he was well over 35% in drawdown. Have a look at his trades WHILE holding EU for that huge loss.



 1) So to sum it up, he spent most of his time in red.
 2) The account he is managing is in red
 3) He makes 'calls', but doesn't follow them in a live account.
 4) He goes silent when his drawdown continues to increase.

  To sum crazytrader up, he is indeed CRAZY, not only for his crystal ball trading, but for holding his account for 35% drawdown seconds before NFP, and for having then nerve to post 'I told you so' now that EU has dropped once again. If you guys seriously want to make money trading EU, then keep watching my live account. I can actually GO AGAINST THE TREND, and still produce more then 200% profit with less then 10% drawdown. That should tell you something about my live of understand of forex.

No one is looking for scalping skills into this EURUSD thread. People are looking for good insight signals.

You are so bad that you have to open trades with lotsize 10 times higher to finally be profitable.

by the way, NFP or any other news usually goes with the trend!... that's why there is a trend !!! (so much to learn)

As long as you buy... we know the trend is down : )... you belongs noobs crowd buying the downtrend

Cholipop, may I ask if this is an EA or you manually trading? I assume EA with all of the trades, but maybe not

https://www.myfxbook.com/members/Cholipop/clientasof2ndfeb/1165129


As far as trading goes with me, I tend to trade with the trend only once a trend is confirmed. I find that to be the least risk. You won't win it all, so why not just go for one small piece at a time and slowly grow the account?

CrazyTrader posted:
No one is looking for scalping skills into this EURUSD thread. People are looking for good insight signals.

You are so bad that you have to open trades with lotsize 10 times higher to finally be profitable.

by the way, NFP or any other news usually goes with the trend!... that's why there is a trend !!! (so much to learn)

As long as you buy... we know the trend is down : )... you belongs noobs crowd buying the downtrend

Here is the other account in which I only SELL EU :) Green also for the week. :)

 NFP USUALLY goes with the trend is a very noobish way of looking at forex. As if the one time it doesn't go with the trend will spell doom for you. Do remember that in 2012(which you were not even 18) eu touched 1.22 and the trend was down, and NFP caused a spike whichcauses it to go from 1.22 all the way to 1.3999 :)
 Anyway I will enjoy my weekend because I am green, and I will enjoy it further more because you are in RED! Last week I had two accounts close with over 980% profit, and now this week over 200%. My clients are happy because I am trading, and earning. You on the other hand are only blogging while scared to open new trades. lol

bestdarngood posted:
Cholipop, may I ask if this is an EA or you manually trading? I assume EA with all of the trades, but maybe not

https://www.myfxbook.com/members/Cholipop/clientasof2ndfeb/1165129


As far as trading goes with me, I tend to trade with the trend only once a trend is confirmed. I find that to be the least risk. You won't win it all, so why not just go for one small piece at a time and slowly grow the account?

  Confirming a trend is subjective. I stay away from subjective trading, as the market ISN'T subjective. The market trades in loops, and those loops is what I attack. You will see many people wagering very small orders, not because they want to not margin call the account. It is because they aren't confident in the position which they take. It is evident with moving of stop losses, and saying that the market will come back to them.
  I on the other hand aim for accurate entries. You have a very small amount of formations which will result in an engulf on the lower tf and then a spike without causing you to go in red. I wait for those positions and my EA alerts me, and I watch the trade. Which is why on avg per position I make 4% profit. Lose 4% to earn at least 4% but in less then 1 hour is the best way of trading for me.

I'm not taking any sides here but that account you posted Cholipop is negative -126.7 pips and with an accuracy of 67% it looks like your close to maxing out the leverage in a single trade since you have 1:500 leverage settings (most professional traders stay away from) but at the rate that particular account is going its going to end up becoming a blown account soon.... but it seems like your really gambling, but almost all of your accounts you have the balance hidden, so i'm assuming there are cent accounts. which would make more sense because if you leverage a $10 account to the max on a 1:500 Account and lose it all its no big deal. but if your right you get bragging rights 'provided you hide the actual account balance' because lets face it making 1,000% return on $10 dollars is just no as convincing when looking for others peoples money to trade with. now i'm not saying this is the case! i'm just saying. we have seen it before on myfxbook.

CrazyTrader Keeps it honest and transparent like balance ect, he also explained his system and that it was experimental in nature so we all understand its work in progress and not expecting perfect.

blownaccount posted:
I'm not taking any sides here but that account you posted Cholipop is negative -126.7 pips and with an accuracy of 67% it looks like your close to maxing out the leverage in a single trade since you have 1:500 leverage settings (most professional traders stay away from) but at the rate that particular account is going its going to end up becoming a blown account soon.... but it seems like your really gambling, but almost all of your accounts you have the balance hidden, so i'm assuming there are cent accounts. which would make more sense because if you leverage a $10 account to the max on a 1:500 Account and lose it all its no big deal. but if your right you get bragging rights 'provided you hide the actual account balance' because lets face it making 1,000% return on $10 dollars is just no as convincing when looking for others peoples money to trade with. now i'm not saying this is the case! i'm just saying. we have seen it before on myfxbook.

CrazyTrader Keeps it honest and transparent like balance ect, he also explained his system and that it was experimental in nature so we all understand its work in progress and not expecting perfect.

 I would suggest you take a look at the accounts once more. -126.7 pips means nothing at all, as I could open .01 orders and have them run for say 100 pip loss, and open a .1 order and gain 50 pips thus giving me a negative pip total, but +gain overall. Simply have a look at the accounts, which are NOT private, like the ones which are currently being traded. As for the amount of leverage which I use, I don't use ANYTHING close to 500:1 leverage. If you would simply look at the orders, you would be able to realize that.

 I would comment on your trading, but you are merely a demo trader. Demo traders only tend to look at the pips, and don't look at the trades, and the accuracy which plays into the overall numbers. So please have a look at the trades, and tell me how much is the leverage I use on avg. I am pretty sure you have no idea on how to calculate it with the information given in the closed order section.

Just to clear the air I DO HAVE LIVE ACCOUNT HISTORY so i do know what i'm talking about! see my live example account. link below. but i understand what your saying so no worries.... im a system builder and the systems we build 'CANNOT' be back tested because they are to complex so using demo accounts is standard practice since we can only do forward testing... see live account on main system: https://www.myfxbook.com/members/forexalertsystem/c-1-live/843495

But if you want to comment on our trading, make sure its on our live account performance we are open to public comments about it :)

blownaccount posted:
Just to clear the air I DO HAVE LIVE ACCOUNT HISTORY so i do know what i'm talking about! see my live example account. link below. but i understand what your saying so no worries.... im a system builder and the systems we build 'CANNOT' be back tested because they are to complex so using demo accounts is standard practice since we can only do forward testing... see live account on main system: https://www.myfxbook.com/members/forexalertsystem/c-1-live/843495

But if you want to comment on our trading, make sure its on our live account performance we are open to public comments about it :)

 That is your live account?
1)Last updated April 30, 2014 What is todays date?
2)Custom start date.
3)a 75% negative swing in drawdown
4) Since then you have only posted demo accounts.

WELL DONE! LOL

Oh and since 'blownaccount' WANTs to mention my 67% accuracy.... Have a look at the losses. :)



so 8 losses of 20 trades..
Of the 8 losses
1.00 lot = 1.8 pips
  .01 lot = 8 pips
  .02 lot = 17 pips
  .50 lot = 9 pips
  .1 lot = 59 pips
  .2 lot = 5 pips
-------------------------------------------
So it is clear to see the losses are of very very small orders in which I don't allow them to float into large losses... That is called 'trade management'.

'custom start date yes' Just like you we took over a clients account and turned it around. just with out the risk 😎 thats what we are good at, turning damaged accounts in to winning accounts. we have a solid system for getting results. does not matter if its live or demo, the results are the same for us....