EURUSD

I freaked out when you said it could close bullish

Next time let it play out. So you know where the analysis went wrong.

Never ever listen to anyone or get swayed by other peoples opinions. The market has all kinds of traders that make money regardless of how they trade. I could be right you could be right. So it could have gone down to 1.1500 and bounced very hard and closed bullish on day.

Good Job on closing for 26 pips.

I had a losing day today.

The long did not work, the news bar came way too late when the longs did work. The statement is incomplete but loss for the day is correct.

I was also stopped out of my long trade. The first trade I took was a short at the break of the Asian low because I felt since the US President threatened to blow up Iranian power plants, the USD was going to act as safe haven. However, when I looked at the technicals, and saw the reversal back into the Asian range, I went long and that's what led to my being stopped out.

Bad day in the office

Yeah..

Finally up on the week after Monday's loss. I am posting last 2 days.

Wow congrats. For me I am still down because of the Monday loss. Anytime I increase my lot size I always make a loss that day. I noticed you trade 20 lot size and 10 lot size mostly but how do you determine when to do 20 and when to do 10?

Wow, this is amazing . Pls how many trades do you take in a day?

This is 100+ lots on a single trade (see screenshot). Notice the time stamps, it is one trade, where @patrader is adding to his position as it is going in his direction.

By adding to winning positions you are sizing up on your winners. He is adding 20 lots each time & 10 on the last entry.

If you notice the pnl, you will see that the first losing trade today was cut fast & not added to. So, it was a small loser. And the winning trade was sized up.

2. Also, the first time you try to increase your lot size you may lose. Then go back to the previous lot size, build up the profit, and in a few days scale it up again. You will likely win the second time on a higher size.

Okay, I get it now!

Yes, It was 100 lots. Added as soon as the conviction built up and exited when the 1 minute candle sped up.
I am currently on a 100k run will share results when the run in complete. hopefully 1 more week.
Rambo gave an interview where he mentioned just that, when you place a big lot for the first time you would lose. But the key is you go backup build a buffer an amount that can support the next big trade then place it on big size. You are bound to get it right eventually if the system was working.

If you noticed i lost on 40 standard 3200 USD on the first try when i assumed the pre frankfurt bar broke out but it failed. That was me being pre-emptive hence the small lot size.

Maximum 2 trades a day. Always start small on first trade add soon as it goes green till the full lot size is reached. If the first trade works you come out with a big winner.

Tuesday i did some scalping after 2nd trade. Mostly cause i was pissed as i had cut the trade for 10 pips while market rallied another 20 pips i had 100 lots in there that would have been 20000 USD more. Hence you see many trades there.

If i lose the first trade and there is still loss limit remaining then i will place second trade and always always try to run that trade to the 10 pip target. Don't try to be a hero here.

I plan to start the 20 trade challenge after my run is complete. I am super focused right now.

Wow, thank you

Did you make good trades since Monday?

Yes, Monday was the only losing day and it was because of the sudden news that caused that long bullish bar to form.

Took a short, the first one failed that is what i got for selling the lows.

Finally shorted the predefined. I wanted to hold but i was sweating as the low was holding again and again.

I still feel it will be down but i cant punt with so much money on the line.

Nice profit. Can’t wait to get to this level

Now look at it break probably headed for 1.1525. The thing about trading is you don't know if you should hold or run.

When you hold you run the risk of losing your profit and when you exit early you feel like a fool. It's a fine balance.

The trading gurus don't show this, when you have a big size you can't mess around when things don't go exactly as planned. They also don't show the losses.