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Loss recovered, back in the game!

scramble Posted 8 Feb.  in #Trader's blog

So, took me about 3 months to recover a 30 minutes craziness where I lost almost my whole contest account.
How did I do that?
The answer is really complex indeed. It was not only just 1 problem, a distraction or things like that....
Trading requires some abilities in order to be constantly profitable and these are not found in what we are used to in a standard environment. It's not certainly the attitude to do something more, or to calculate something better, or stuff like that.
In my case, it'…
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kiria 16 Feb.

Good article) you took time for analyse it

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Blowing a 190K account in 30minutes

scramble Posted 15 Nov.  in #Trader's blog
Yes I did it.... almost eheh!
Yesterday I woke up on the wrong side of the bed, and I started selling the GBP USD. After few minutes my mind changed and for a misterious reason I started buying overleveraging.
Then few minutes later I started going in panic and cutting trades for 10 to 30 pips loss.
That is... 110k gone in few minutes.
Lesson: overleveraging is dangerous and can lead to a complete failure.
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sharpsense 18 Nov.

I hope, it was only a demo

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scramble 21 Nov.

sharpsense yes but it was on the dukat contest... i blown the possibility to end in top10. would be around 12-13th now... luckily in my real account I got some minor loss! :) that's the more important!

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HOME 14 Jan.

Lesson: overleveraging is dangerous and can lead to a complete failure.      very good！

scramble avatar
scramble 14 Jan.

HOME yep! that's true for a 200k account same as with a 2k account!

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New market ?

scramble Posted 14 Nov.  in #Trader's blog
What will market believe this week? I mean, last week it's been said there was the idea of a strong dollar based on the guess for a rates hike and a Trump policy. It also was said that the GBP was strong based on the idea that no matter what, UK and the US will continue good partnerships.
So this week will be everything confirmed or are we going to see a complete change in the scenario and then later someone coming out and saying "Ah yes, market this week changed mind because of this and that.."…
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The Euro series...

scramble Posted 13 Nov.  in #Trader's blog
So EUR/USD up... EUR/USD down...
Seriously: is there any particular reason why one should be forcing his brain in trying to understand if and when eventually a rate hike in US will be executed? And even in that case... is there any clear way to trade the event profitably? I personally see no reasons why the US would eventually hike more interest rates anytime soon. 1 year of somehow not bad economic data is definetly not enough after some decade of recession. That's it.
In case there will be soo…
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Revenge trading

scramble Posted 12 Nov.  in #Trader's blog
Yesterday I got a wrong trade on Silver which finally lost momentum crashing down (I was buying....). The mistake was in entering the trade and leaving it to its destiny thinking it would have not moved a lot until next week. Few hours later I come back on chart and the trade was already in deep loss. First reaction was to enlarge the stop loss, but few moments later I decided to cut it.
Here's the outcome:
I was not really sure if price was to keep falling down or to stuck near the area where …
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Cable continuation upward?

scramble Posted 11 Nov.  in #Trader's blog
That kind of setup where everything tells price will continue till the point where everything started so meaning the 1.28 area, when market lost confidence and started selling GBP blindly. There are 2 important levels to watch out:
1- The first one comes near 1.2650, when price lost on the downside what was a steep downtrend channel, and went down in "no-demand" mode till the flash crash! Could be a very good place where market will now go an test how much supply is left in there
2 - The second …
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Cable Update

scramble Posted 10 Nov.  in #Trader's blog
Unless some "unexpected" change in the scenario, this is a typical rising setup, with a support in 1.2350 which if broken will open to lower 1.22 area again, and a resistance in middle 1.25 area to be broken to go for the 1.26.
As long as the pattern holds, will be looking for buy opportunities
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VictoriaVika 10 Nov.

Good luck and huuuuge profit :)

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Things to remember before going sleep

scramble Posted 9 Nov.  in #Trader's blog
I should always remember to set targets and stops in correct sup / res areas before switching platform off.... especially during events like today! Oh well, got good profits but could have been 80pips more.
By the way, looks like we have a new US president. I was hoping for Clinton and looking at market reaction, maybe 90% of market was hoping the same!
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Still about silver

scramble Posted 8 Nov.  in #Trader's blog
On daily chart price is somehow trying to print a continuation upward which if confirmed will eventually send price near actual recent peak in 21 area or even higher. Still holding 2 long positions @18.22, expected to reach my target in middle 19 area by this week.
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Silver up or resume down?

scramble Posted 7 Nov.  in #Trader's blog
I am still sligthly bullish in silver XAG / USD, weekly chart shows a temporary consensus here around 18 which is an important level. Ahead of US elections and with an overall strong USD still price is not really continuing down atm.
Closed longs when price was near 18.40. reloaded and closed near 18.70. Now reloaded 18.20 and 18.22
In my opnion we can see 20 area again soon with extension to 21 and a move into 23/24.
On the downside, I will not hold any long below middle 17 area.
In case of fu…
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