Clueless beginner learning trading basics. Week 4.

I was sick last week and did not make any progress in my trades.
But does not matter I made a custom indicator that alerts me when to trade and I perfected my tactic and I cleaned my watchlist.
I dumped most of the AUD pairs that just move at night for me anyway, and alot of the correlated ones.

My watchlist is now:

Forex major & exotic / USD pairs
EURUSD 1,2 0,0101% 1,3
USDJPY 1,2 0,0109%
AUDUSD 1,8 0,0234% 1,8
USDCAD 2,2 0,017% 2,2
GBPUSD 1,5 0,0111%
NZDUSD 1,7 0,0241
USDCHF 1,7 0,0172%
USDSEK 18,4 0,0212% 18,8 (2)
USDMXN 25,4 0,0124% 29,4
USDCNH 2,9 0,00453% 5,4

Next non USD pairs
EURJPY 2,1 0,0162%
EURCAD 2,7 0,0177%
EURNZD 3,0 0,0179% 3,5
EURCHF 2,3 0,0198%

Ponzi
BTCUSD

Futures
Gold
Copper
Oil
Silver

Indices
Nasdaq
FTSE100
GER30
CAC40


23 items, minus Bitcoin that I count separate.
I could add some but for now this satisfies me.
There are some that are correlated here, at the moment, but I'll watch them anyway.

Comment:

Might look at Hong Kong and Australian indices, as well as the euro one this week.
And later on, more pairs. For now prefer to stick to these until I feel I know them well enoguh to add more.
No point having a huge list I get overwhelmed with and don't even know what I am trading.

Trade active:

Long USDMXN 15k
Seeing bullish divergence

Trend: bullish as I posted in my weekly review.

Hitting support

Risk: there is bearish divergence at the top thought.

It has been full bear for the past 10 days and now approaching a fib level thought.

Comment:

Ok checking the USD.
The king got stopped on the weekly 100MA just like it got stopped by the 200WMA.

Now I'm watching for some hidden bullish divergence.

But guys, look at US stocks.

If they close below the 200DMA investors WILL panic.
Those that don't panic will sell anyway.

And what do people flock to in such cases?
The US dollar and Gold. Gold is usually not a good performer in such times thought, but the dollar? Oh yeah.

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Bounce on 0.3 & continue maybe? Please?

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Is this hidden bullish?

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Sure bounced 0.382

But if this brings it down... no point...

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So copper bounced on that line but I had no idea of knowing it would, that I know of

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Gold obviously going down as I knew it would for a couple of weeks...

I think gold will give a nice bounce in the low area.
Let's see...

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EURNZD, looking like 0.618 getting respected even thought we are above MA's.
Interesting.

When every previous fib level gets a reaction, maybe it's good to long/short on the next one.

There's nothing else than this fibo here as far as I know too...

I wonder if this still works in late July when all players left thought...

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* I think I might need a hidden divergence alert too when I am not sure the start of a trend or something...

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Rofl I have no clue what target to aim for on USDMXN...
Maybe I'll just scale out or stay in as long as it gives higher highs

Maybe we finally get some green days & I get a winner al the way up there

Trade closed manually:

Peace I'm out.

Comment:

Oh my.
Good thing I got out XD

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Going to quickly make back what I lost on my troll USDCNH trade last week :)

AUDUSD going down again! Going to watch out for bullish divergence on the daily chart & a bounce, make sure it does not reverse.

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Gosh I am not getting any alerts.
Is my super indicator not working?

I just want to trade SOMETHING.

If there are very few opportunities this week, I will start to trade stocks NEXT week.

Going to pick the top volumes is usd on Nasdaq and Nyse and look at those trends.

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I guess I got an alert on Silver, but it is not trendine eee idk...
I would have won going loing but... next time.

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I am creating (yet another) a new trading account for stocks and Ermaghad they have a question about using leverage I am SO tempted to say it is risk free.

It's risk free for me... :p

Up to about 10 trading accounts now. Good luck if anyone think I can blow up my whole trading account on a mistake XD.

Comment:

I always said there should be an IQ test and on Avatrade THERE IS!

"You have $1000 and can use 50 leverage what is the maximum position size?"
- 5000
- 50000
- 500000

I suppose they have a bot that countertrades anyone that selects this wrong? :'D

Obviously the answer is 3rd one 500000...

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Nevermind they suck.
Anyone can suggest a good broker for stock CFD?
Just want to start with 1-2k and give it a try

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IG good?

Spreads are low, but what other fees are there?
Don't think it's going to end up being 1% per trade anyway...

Going to be trading bonds us and stocks nyse nasdaq. GG.

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According to IG you are either:

- Totally inexperienced and not able to understand what finance is
- Have worked with a financial institution
- Have received a professional course

ok... XD

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I AM SO EXCITED TO TRADE DOZENS OF STOCKS.

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I am making so many accounts.

I think the less annoying ones that do what I want are XM.

I can't use metrader from work, but I can have it on phone so whatever. MT5.

Sooo many brokers, I don't know if I feel safe here.

If I am successful with stocks I will move to TD Ameritrade or Interactive Brokers.

Choosing a broker is as important as charting imo.

Hopefully trading the 15 highest volume stocks in Nyse & Nasdaq prevents not taking a trade for a whole day.

Might give a try to pump and dump shitstocks too XD

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7$ for just a 5000 position is 0.14% ...

Fk is wrong with me...

Just going to open with a real stock broker ... TD Ameritrade...

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I was going to pay 0.2% spreads to trade with more than that...

Only point of these Forex brokers is get "unsophisticated traders" to open 500$ accounts and blow up every month...

No wonder they have so much "education".

Comment:

"You account Application with InterTrader"

"Thank you for your account application.

Unfortunately we have been unable to open an account for you because the "AMF" (French securities regulator) has enforced restrictions on the provision and distribution of certain financial derivatives including CFDs to retail clients."

F ing frogs...

Comment:

An idea like this where I can see every price at the same time is actually super useful XD
Better than the limited watchlist to the right.

I figured the bare minimum to trade stocks that made sense would be 2500$ and use leverage *2 min positions 5000.

Going to start anywhere from 3000 to 6000 imo.

Can I count what I made in crypto in this "challenge"? XD

"Sell in May, walk away"...

They said summer is boredom no more, but in FX etc I am not seeing any trades.
Sure it is moving but not hitting anysignificant levels.

I am too picky...

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If nothing happens this summer I'll totally fail this challenge.
And probably make my biggest gains when ther eis no one to see them...
If crypto dies I maybe make a new challenge in october-november :p

Half in the week and there is nothing to trade, no support being hit no resistance...
What is going on... FX ded.

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Since I did not make money in crypto (well I did as I closed some short but won't count that), this week in TOTAL I made 50 bucks lol...
If I quit my job I'd be worried, might overtrade there...

That's a crap idea but an idea is always keep swing trade positions so during drought you can close them and feel like you did something.

Counting crypto this week I still made more than a 95er.
That short lasted since April geezus. Cost me hundreds in rollover I bet.

Comment:

"Accounts funded with $3,000 or more are eligible for up to 500 commission-free trade internet equity, ETF, or option trades executed within 60 calendar days of account funding."

Wut? Is that for a specific type of account?

Well won't matter if I can't trade there because of EU "protection".

I could use my british citizenship & declare I live with my family, UK out of EURO but they are in the same regulatory BS anyway HAHAHA lose the advantages keep the filth.

Regulators "protecting" noobs by forcing them to use bigger acocunts, take more risks and have more trouble doing anything...
Oh sure it will protect the "get rich quick" that are too lazy to work around a few obstacles... maybe that was their plan all along -.- Actually probably is...Making it harder for lazy fools to lose their money.

The question thought, is "WHY?" WHYYYYYY is it so important for useless sheep to not lose their money? So they can buy more beer? More cars to ruin cities can't veen breathe?

Comment:

I keep looking at FX charts... either the trend is unclear, or it i sideways...
Great.

Gold eee idk no trades there...

US stock indices sideways...

My only hope here is Oil. Soon it should be shortable, let's see.

The drought. So many opportunities in FX past weeks that I missed...
So many opportunities in stocks past weeks even posted some.

Can't miss anything if you trade every thing! Smart.

Trade active:

Short for a mere 3 contracts (30 barrels), and shorting more if it goes up.

Don't really have a target or anything right now... Will check later...

Comment:

Started retracing.
I have hundred, maybe thousands of stats for FX, but for Oil I do not.
So I kind of am going to guess and practice because I don't want to go make thousands of stats I had enough.

But I can tell you I believe it should retrace 1-2$ probably more.
I am only short for 3 contracts anyway... rip me

Remember, a profit a day keeps a job away.

Comment:

If we get to swing lows with bullish divergence I am just going to close AUDUSD.

Trade closed: target reached:

Finally closed AUDUSD short

AUD/USD S 0.76738 0.73488 5 325.0 162.50 0.00 -3.25 6/06/2018 09:54 6/27/2018 15:07

It has been a wonderful adventure.

Trade active:

AUDUSD long 15k

Attacking swing low with bullish divergence on the daily.
Doubling up it if falls 15 pips. SL probably idk 30-50 pips away.

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That was fast. Long 30k

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Checking similar cases in the past...

62 pips... arggg that is too much for me... dammit.
goin,g with trend is much easier.

I am not sure where is optimal entry target and SL here...

Comment:

I am too lazy to backtest this strategy fk me.
Ok if I lose ONCE AGAIN on Oil & AUDUSD I think I will give up trying to go against the trend, but then... I'll have way less trade opportunities :(

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Took profit on AUDUSD ... But ... alert did not wake me up...
Closed 15k still have 15k riding

Was I too tired?

Let me set a SL at break even here...

I am glad this bounced. I did not buy as low as I should have so next time I'll make more.

Ok back to bed...

Trade closed: stop reached:

AUDUSD closed

Comment:

Today I hated getting out of bed I overcome my disgust of taking stats on charts (because I did too much of it weeks ago), and I looked at the Oil chart, and it looks AMAZING. Way way better than FX.

Cya on my Yacht soon.

* I looked at October - early February months thought, so maybe that is why it looks amazing... Best months. Will check the crap months of summer later.

All people have to do is backtest a strategy on a chart and they know if that will make them a billionaire or not.

Comment:

I should really really make stats for Bitcoin & Ethereum XD

Trade closed: stop reached:

Took a 100$ loss on Oil due tu bad luck, literally, and people getting in my way.

Not possible for me to open a trade on something if every single detail has not been calculated leaving ZERO room for error and bad luck.

Not possible for me to calculate every single detail while I have a day job & random stuff to do at random times.

Not possible for me to escape day job if I don't take enough profitable trades.

CHECK MATE.

Comment:

Can I just get verified by tradestation?
Holy shit these braindamaging EU regulation are giving me cancer.

All the brokers are refusing EU now -.-

I heard interactive brokers accept EU trash.

Tradestation 1.5$ per future if I am correct. No dumb spread.

Just verify me.

All the garbage FX brokers with their 10$ minimum verified me within 8 hours...
They just do this full time accept broke idiots, broke idiots gets slaughtered, next.

Comment:

I WAS SUPPOSED TO NOT QUADRUPLE MY SHORT ON OIL AND NOT STOP LOSS SO LOW.
JUST FIRE ME SO I CAN FOCUS ON MY TRADING.

No idea how I made 4-5% a week these past months in these horrible conditions.

Still bitter I missed close to doubling up twice on Bitcoin because some monkey grabbed me when the 9 and 6k dips were happening because he needed a distraction I had no idea it wa shappening and not experienced enough to place orders without being in front of the pc to monitor them.

This clown was unbelievably euphoric 1 month earlier.
Now he is on leave, because of his depression. 10 people 2 plebs depressed and away + 1 pleb still here. And 1 old guy that makes fun of the ones that are still around "hey bro when are you inviting us all to your yacht". Rofl.
Dumbasses.

JUST KILL YOURSELVES AND STOP MAKING ME LOSE MONEY YOU PLEBS.

The market makers, the manipulators, the brokers, the people around me.

ALL WORKING HAND IN HAND TO GET IN MY WAY.

BUT I AM TOO GOOD. WILL STILL CRUSH THEM ALL.


My strategy works all the time with anything, but the entries stop losses targets change... so I guess this means I just cannot even open a trade if I do not have that data... Very frustrating. Thought I could "guess it on Oil" Noooope my luck is not sufficient.

Comment:

3 trades this week.
This is dead.

I opened an account with TradeStation, one of the only stock brokers that accept EU trash (I think IB accept them too).
Per share pricing. So many different stocks to trade (short).

If I am able to check enough charts, should have trades all the time.
Hope this goes well. Lots of gaps in stocks.

I want to look at top Nasdaq & Nyse volume and check all these companies but the Nasdaq site where that is listed is permanently under maintenance -.-

Comment:

I started crypto with 3000, started FX with 4000, only logical I start stocks with 5000.
I have no idea how they work thought (in short term), all I see are gaps everywhere lol. I am scared.

When I started crypto my account exploded up.
Maybe I get the same with stocks, please?

Sell in May go away. If everything slows down, looking at bonds stocks all that stuff, there has to be something... but does one really want to spend hours hunting for something? Even look at OTC? XD

Comment:

I just noticed I had a perfect trade setup on USDCAD but I did not get an alert...
wtf... I must have put too extreme values in my indicator... and can't check now it's gone.

Self reminder to make an idea with all values written and not touch that.

Was an easy 100$ + here...

Comment:

Was planning to perfect my system first month then go for really very high probability trades and use high leverage, but... regulations... don't even know what the limits really are.
Might not be possible.

Guess challenge might be over.

Waiting for my FX broker answer but I bet the most stupid answer is to be expected "Long and short same pair count as additional leverage".

Can all these dumb margin limits and requirements blow a successful trader's account?

If the margin is global this means trading is over, can't hold more than a few positions at any time...

Comment:

250 IQ tip right here:

Use shorter period RSI to trigger alerts, to not miss any opportunities like USDCAD.
Entering the trade can still be based on higher period and other factors.