Trading without a loss!!!!

[Sunny1]

Dear Laksh,

I'm participating in a Forex competition hosted by myfxbook. That's the reason for the absence..

Will keep up with my updates.

Cheers!

Hey BigBear....

while in contest ...you should increase number of lots...otherwise you will left behind in-spite of No-loss trading .....

as contest conditions are different therefore you should plan your lots size accordingly..

and you can really make it I think...

:thumb:

 

[Bigbear]

Hi sunny1,

My big learning from this is, Trading without a loss is the way to go.
I do not intend to increase my position size as of now in this competition ..
But what you said is right, the way to compete in such competitions is to increase position size insanely.

This time, i'm participating because i want to see where i stand and how i can improve..

These are the trades from Competition,

Regards

 

[Bigbear]

Competition update.

I have again bought
EU @ 1.3125 Target - 1.3160
AU @ 1.0735 Target - Not decided..

 

[Bigbear]

Competition update.

I have again bought
EU @ 1.3125 Target - 1.3160
AU @ 1.0735 Target - Not decided..

Exited AU near buy price yesterday ...

EU target of 1.3160 achieved today and came down...
I again bought EU today for target of 1.3182 But exited at 1.316 levels......

I thought EU will go up after US markets open.. But it has already zoomed..
No positions as of now in EU for today.

 

[Bigbear]

Seeing some weakness in AU.. Not much upmove seen now, But many UP tails..... May be Shorts are getting aggressive...

If the pics are too large , let me know.. I will change the resolution and take the screenshots..

BTW... EU is zooming even now.. have to see what it will do once US opens..

 

[VJAY]

Dear BB,
Are you trading with 100/9 ema method(SG) in hrly?or any other strategy...

 

[Bigbear]

Dear BB,
Are you trading with 100/9 ema method(SG) in hrly?or any other strategy...

No VJAY, as of now.. Not using anything..
As you can see from the charts above.. Using only price and volume.. Even volume is not required..

I try to identify what price does in key areas.. And take positions accordingly..



Regards

 

[Bigbear]

EU broke high now.... If it manages to stay high today ..
I think Price may rise exponentially due to short covering.... Let's see if it happens...

 

[ayush2020]

No VJAY, as of now.. Not using anything..
As you can see from the charts above.. Using only price and volume.. Even volume is not required..

I try to identify what price does in key areas.. And take positions accordingly..



Regards

:clapping::clapping:

 

[Bigbear]

AUDUSD , Still looking weak.. No short position taken...

Picked up some gold,silver today... Will look to buy more on downmoves.