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- Nvrmd replied Feb 14, 2020
I am actually no big fan of stop losses and I know people hate to hear that. I have bad experience with them and usually manage my trades until I close them. I only set a sl when I canīt look at the charts,before news events or if I am not sure ...
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- Nvrmd replied Feb 14, 2020
That was just at the start until I got confident, too confident in the end. Over time I increased the risk which is fine but I also opened too many positions and hold them for too long cause I didnt want to accept to lose, so money management was ...
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- Nvrmd replied Feb 14, 2020
Most important thing is to not give up. There is a reason that 90% of people lose money. I can also tell you something about pain. I traded demo first and after some time had incredible results with my strategy. When i opened a 500$ real account, ...
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- Nvrmd replied Feb 14, 2020
I think itīs important to lose money before you can become succesful. But it has to hurt like blowing your first or second account and losing 10$ wouldnt do that. But itīs obviously better than demo.
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- Nvrmd replied Feb 14, 2020
If you have no strategy and are new to trading then demo is fine because you would lose money for no reason. But its true that trading demo wont help you with important stuff like emotions and discipline. I think he said he trades demo cause he is ...
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- Nvrmd replied Feb 13, 2020
I think itīs mostly aggressive technical buying with high liquidity provided by all the retail stops around 1.3. Could be a fake breakout and go down again or push even more when people try to catch the knife. I am still bearish as long as 1.307 ...
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- Nvrmd replied Feb 12, 2020
Good chance we start the next impulse to the downside from here. We had 2 last week and we got the correction of the second impulse since the start of this week up to 1.299 which is the 61.8 fib level and price got rejected from there. Next target ...
Cable Update (GBPUSD)
- Nvrmd replied Feb 12, 2020
nothing major to expect from Powell, he just repeats what he already said yesterday, he might get different questions afterwards but he already answered 3 hours of questions yesterday too
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- Nvrmd replied Feb 7, 2020
looks like we finished the correction between 72-75 and can go down from here, still always the possibility to reach the last high at 1590 but I am optimistic
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- Nvrmd replied Feb 7, 2020
I didnt want to scare you. Anything can happen. We could go down from here smoothly too. Just be careful with stops during high impact events or donīt trade news events in general. The risk is usually not worth it and after the dust settles there ...
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- Nvrmd replied Feb 7, 2020
what was your entry and how much higher could gold go for you to be save, right now it looks like it goes down but I feel like we could get a fake breakout to 1573-75 during nfp before it eventually goes down, Im holding a few shorts but am also ...
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- Nvrmd replied Feb 7, 2020
not unlikely it will go above 1570 to fish some obvious stops
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- Nvrmd replied Feb 7, 2020
i think the uptrend in gbpaud is over with last weeks close and we could see a longer downtrend. In general I am bearish on most gbp pairs for the next few weeks and many times gbp is the driver, mostly due to fundamentals. You often see gbp either ...
Cable Update (GBPUSD)
- Nvrmd replied Feb 7, 2020
if anyone cares for gbpaud, there is a perfect h&s pattern building on the 4h, right shoulder is about to hit the r3 , could potentially be a sign for gbp weakness
Cable Update (GBPUSD)
- Nvrmd replied Feb 7, 2020
Gold is still correcting the recent drop which broke the ascending channel to the downside. Its possible we can get to 1571(50% RT) or even 1575 before or during nfp and then see a sharp drop. Targets could be 1550 or possibly 1525
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- Nvrmd replied Jan 30, 2020
its hard to say, a few weeks since aud/nzd have to get stronger first and fundamentals are pretty poor right now even though ecomonic data is getting better, basically if the virus risks vanish aud/nzd will rally, reason is that both countries and ...
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- Nvrmd replied Jan 30, 2020
always depends on MM, account size and what your goal is, I hold positions long term so I donīt mind another 50 or 100 pips drawdown. We are now at the daily resistance 2 and a bit overbought so you could be fine. Next pivot is as I said at 1.7 ...
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- Nvrmd replied Jan 30, 2020
There is a bigger daily correction happening right now fueled by aggressive aud/nzd selling due to virus concerns, imo there will be another big downside move in euraud and eurnzd soon but it could go to 1.7 first. Intraday itīs overbought so could ...
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- Nvrmd replied Jan 28, 2020
I looked at your broker and it says the spread for gold is 34 pips which makes it kinda untradeable in my opinion. Should probably stick to forex pairs instead or if you want to trade gold you might want to look for another broker.
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- Nvrmd replied Jan 28, 2020
Leverage only matters for margin and not for how much money you can earn or lose. Low leverage can make it hard to open multiple trades so I would recommend 200 or more. For your other question about gold, you can use any profit calculator to see ...
Daily Trading Ideas