turihf's Blog

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The importance of a stop loss with risk management

Certainly nothing is better than learning with others mistakes, and why is that? Just because it is the most cheap way of learning, when in the market, it will not be so complacent and very expensive. A lesson that is very neglected is the one which Jesse Livermore say: "Profits always take care of themselves but losses never do".
Or, in a concise form: stop loss. Never forget to use it and not just as a fun tool, but it ought to be part major strategy, to your risk management. If you don't have…
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Stix avatar
Stix 15 Sep.

If I think of stop-loss, I think of "beyond the support or resistance". If that helps. Best wishes. :) :)

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ANABEVZ 15 Sep.

Good information!

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Trading is a daily psychological challenge

Every day, a good mantra need to be thought by the trader, before starting, in the Wickoff words, it is: "I have no commitments and no opinion, I will follow the first strong indication". But how challenging it is, if you are not the Tin Woodman? Everything works against, look at this blog, if you read this before trading, your vision certainly will be affected on your judgement, another thing is the one who have the habit to follow the news, when you read them, you also expect one move in the m…
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Stix 15 Sep.

I prefer technicals. It's a long, tedious ladder but the air is sweeter, the higher you go. Best wishes. :) :)

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Though week

This week is almost at the end, and as we see it is a though one. The numbers prove it, 1st player had a performance of 380 k at the first week, now, unless for a surprising Friday, tomorrow, the 400K performance appears to be impossible to beat for all the week, including the fact that most of the players had lost a large sum at the first 2 days of the 2nd week. For the remaining, good luck!
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xtrader360 12 Sep.

good luck!

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ANABEVZ 12 Sep.

best wishes!

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Born to be closed

At the past I heard something like "every gap is born to be closed one day", well, I really don't like to pay attention to whatever sounds like a rule, because market just don't follow rules, there's no magic formula. It's more like a beautiful coincidence.
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VietNamDong avatar

What you said is exactly a rule.

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Support break

Last week was a very volatile week, very profitable with big swap at the candles, after GBP/USD breaking a strong support level, the next expected step is to wait a week of big fall, but what if it surprises with an accumulation at 1.633 zone?
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Closed markets, no news at all

Everybody has a weak point, mine is bollinger bands, should be trustfull in the most of moments, one of the bestest use of it is the strong breaking of a squeeze, no use to give us signal of good entering at the most moments. On closed markets, just sharing a personal view...
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EUR/USD, flip or flop?

Today EURUSD did not correspond to the expected, many may think it was just a flip downwards (as open sentiments show us, almost 40% long positions) with a strong recovering to 1.32, but as we see, it signalizes more a demand flop try than a long signal. No upward trend will come until we don't see a strong accumulation in the turn.
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Stix 6 Sep.

I am watching EUR/USD too. Potential for a change of bias, in my view. :) :)

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Buying EUR/USD?

As it was expected, EUR/USD gave a clear short signal, who really did not enter? Maybe one of the best opportunities in FX market by now.
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VictoriaVika avatar

Good luck!

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Zett 5 Sep.

yep. from the 2888 to the north, as it seems now. )

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