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- Sandy A. replied Feb 17, 2012
Done for the day and the week. Happy trading all. image
- Sandy A. replied Feb 8, 2012
head/desk . . . head/desk . . .head/desk . . .
- Sandy A. replied Feb 8, 2012
Thanks for your reply. I entered long GBP/NZD at 1.89429 and my stop was at the previous swing low at 1.8868 so I had around an 80 pip buffer. The stop was also below a descending trendline dating back to the 25/1/12 that had been broken on the ...
- Sandy A. replied Feb 8, 2012
Thanks. That'll teach me to not have all my screens up - lesson learned.
- Sandy A. replied Feb 8, 2012
Anyone know what happened about a half hour ago (16:44 EST) with the NZD pairs? Big spike down stopped me out and went straight bacck to where it was and then into (what would have been) profit. Bad price feed or blatant stop run? Market tab here ...
- Sandy A. replied Jan 4, 2012
Was that for me? If it was, thanks very much. Last two days of what? I'm watching USD index with SPX500 overlay on 5 minute chart. I see SPX500 broken upwards on 5min but just turned down and USD just bounced off bottom of channel. Waiting to see if ...
- Sandy A. replied Jan 4, 2012
SO . . . what do you pros look for to determine risk on/risk off? Help a rookie out . . . .
- Sandy A. replied Jan 4, 2012
EUR/JPY just triggerred Counting waves on USD index.
- Sandy A. replied Jan 4, 2012
long NZD/USD @ 0.7840, -25SL, TP@ 0.8000 - trend channel support long AUD/USD @ 103.10, -35SL, TP @ 104.00 - trend channel support awaiting long entry on EUR/JPY @ 99.40, -19SL, trailing stop, trendline support . . . . looks like it might not hit my ...
- Sandy A. replied Feb 23, 2011
Hi Markus, Thank you to you and everyone else who offered the benefit of your experience to this newbie. I also am not risking money I can't afford to lose. My trading account size is only about 15% of my annual after tax income - so burning through ...
- Sandy A. replied Feb 22, 2011
1 month.
- Sandy A. replied Feb 22, 2011
Thanks Classic5000 for your help. Please bear with a newbie for a sec . . . One of the adjustments I made yesterday was to limit risk per trade to 2% of trading account. This allows me to trade 2-4 mini-lots at a time which I like to do so I have ...
- Sandy A. replied Feb 22, 2011
Could you please explain to a newbie about the risk:reward myth? As I understand it, it means that if you say have 4:1 reward:risk, it means that you only need to be right 25% of the time to break even. Please enlighten me.
- Sandy A. replied Feb 22, 2011
Yes it is. I hope to learn my lessons quickly so hope it will not take more than one account. Thank you for the gl wish
- Sandy A. replied Feb 22, 2011
Hi Markus, I do not trade other than the forex. I've only been live trading for about a month and demo trading for a month before that. I've been researching getting into forex for about 6 months. Needless to say I quickly burned my trading account ...
- Sandy A. replied Feb 22, 2011
I entered 2 shorts here last night before going to bed with sl at 3718. Moved sl to BE this morning. . . . and I guess I'd say I'm a USD bull more than a EUR . . . .
- Sandy A. replied Feb 22, 2011
Very interesting. Just reading through the guidelines and it all seems to fit except that in an expanding diagonal wave 5 usually terminates short of the 1-3 trendline. If you change your count to make your current wave 5 into wave 3, then it takes ...
- Sandy A. replied Feb 22, 2011
s @ 1.36715 and 1.36720, sl at 1.37180 for both. TP minimum 1.3428. It's 0.764 fib of total decline. Not going to babysit. Alarms off. Bedtime. Goodnight all.
- Sandy A. replied Feb 22, 2011
Aren't diagonals allowed to have 4/1 overlaps?
- Sandy A. replied Feb 22, 2011
. . . and I'm out . . . looking to short again but not at levels much higher than this.