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- J.L. replied Apr 15, 2009
I optimize my trading entries so much that my stop loss is very tight.Usually something between 11 and 20 pips. I believe discipline is more important in defining the entry point . If your entry point is optimal your risk is minimal. I prefer not ...
- J.L. replied Apr 15, 2009
That is one of my greatest worries,I mean the market gapping against me during the weekend so I never have any open positions at friday. During normal market times a huge gap down ,1000 pips or something like that in a major currency pair ,is not ...
- J.L. replied May 13, 2006
Only inexperienced,foolish and soon bankrupt Far from Average ,way Down from Average in fact, traders think that the news have actually anything to do with the market. Know that every time you expect a news release ready to jump into the market to ...
- J.L. replied May 13, 2006
well I was short at 2950 eur/usd.I didnt know what was coming out and not even when.This is something like the 100th time that I do that and I am correct.Only once I've been wrong before a news anouncement.
- J.L. replied May 13, 2006
Why don't we just wait till monday to see If I am wrong... I just hope if it wipes my stop loss to go up for good and not turn down afterwards.But from what I see everything is still normal and the potential downside is still the same.None said that ...
- J.L. replied May 12, 2006
Well I think Serbia is a very high risk market.Information about companies is very difficult to obtain etc. Maybe I'll be in the next rally in a couple of years!
- J.L. replied May 12, 2006
I check the prices every now and then just to see what happened. El ezz steel rebars held better till now but Hermes at some point tanked! Yes the telecom giant was probably the best choice .Fidelity was heavily loaded at very low prices...
- J.L. replied May 12, 2006
You have no idea what I went through to be able to access your stock market. I was the first retail customer (at least thats what they told me) of Deutsche Bank requesting to buy Egyptian stocks and the funny thing is that Deutsche Bank did no ...
- J.L. replied May 12, 2006
Something like that ... By the way some people ignore tha fact that despite the good Usd news when 2850 level was reached there was heavy buying.Why did this happen? Try to explain that depending on news.
- J.L. replied May 12, 2006
I dont know what you mean the trend is up. There is a remote possibility that EUR/USD may go up to ~1.65. But when you trade you try to play all the moves that you think that wil l result to a good profit.
- J.L. replied May 12, 2006
Yes it cannot predict what the tradebalance would be...but I firmly believe that no matter what the tradebalance would be the outcome would be the same.This doesnt mean that the same exact move would be produced but an equivalent to it.I think the ...
- J.L. replied May 12, 2006
thanks. I have to explain something. The reason I did this trade is not to become rich.Its because I have to overcome some of my fears.
- J.L. replied May 12, 2006
I am not drawing Fibos but some other lines which are basically the convergence point of a certain market price series.These price series are constructed in a certain way.
- J.L. replied May 12, 2006
Again you are right...(I won't say terribly because it is already a cliche ) But feelings and emotions are sometimes not so easy to control and thats what I understood since I started trading real time. The most important thing about a system by ...
- J.L. replied May 12, 2006
a trader can play in any market. Back at my school years I had convinced my father to convert some of his cash (100.000$)from Drachmas(Hellenic currency substituted by euro )to $ and he earned 66%. I think that this proves that a ...
- J.L. replied May 12, 2006
Well again you are terribly right... But if you notice my profile ...I have an academic background(Phd in mathematics) that has lead me to demonize mistakes and thus be afraid to even make an action in fear that I might be wrong.My set of rules ...
- J.L. replied May 12, 2006
thanks a lot. As for 5-3 waves of the Elliott wave theory... No I don't look for A,B,C corrections.My system has only one type of correction and one type of move generally.I dont distinguish between upward moves or downward moves.It's the connection ...
- J.L. replied May 12, 2006
Yes I must admit that Elliott wave theory is a subset of my trading system.Or better Elliott wave theory can be derived by my system.By the way I have been trying to understand where this top would be during the last two days after exiting my ...
- J.L. replied May 12, 2006
Its not a mini account and that explains the pressure... As for survival money and living expenses... I have invested a lot of money in emerging markets. For example from 2004 to mid-2005 I earned 1200% in Egypt.I had bought early el ezz steel ...
- J.L. replied May 12, 2006
Thanks for the support. Well about the money management issue you are terribly right but you cannot imagine how many times I have derived a signal either concerning a long or a short position that I have failed psychologically to follow and it ...