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- | Commercial Member | Joined May 2011 | 1,754 Posts
To improve is to change. To perfect, is to change often.
ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies
EURUSD, what just happened? 15 replies
Um, what just happened in New Zealand? 86 replies
What just happened in JPY? 12 replies
what the hell just happened? 10 replies
Dislikedok enough of that. let's get real for a moment.... nothing happened today. it was CLEARLY one big stop hunt by brokers catching out all the retail traders. they all synchronized their watches so that they could all manipulate their feed at exactly the same time and make it look like it was a news spike. tricky bastards.
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DislikedIt was the Swiss National Bank which announces the 1.20 EUR/CHF floor, the bank stated they will defend this price at all cost, that's why risk currencies all shot up...EUR/CHF shot up more than 1000 pips within a few hours...even if you had a good position sizing without stoploss, a massive move like this will still do a very substantial damage to your account.
To reduce the chances of it getting hit by those noise and movement, put the SL around technically important areas, such as S/R lines, trendlines, MA Lines, Fib ratios etc. In other words...Ignored
Dislikedstop spreading lies! it was clearly a stop hunt, through and through. if you correctly place a fib line on the daily chart you can see the brokers manipulating price to take out the obvious stops.Ignored
DislikedRead the news
Franc Plunges Most Ever Versus Euro as SNB Acts to Limit Currency’s Gain
EUR/CHF was around 1.12 to 1.13 when SNB declares 1.20 level the minimum price level and will defend it, so price shot up to above that level. I was there watching the price and the news when it happens.Ignored
Dislikedstop spreading lies! it was clearly a stop hunt, through and through. if you correctly place a fib line on the daily chart you can see the brokers manipulating price to take out the obvious stops.Ignored
DislikedYou're either
1) A huge Troll
2) Trying to be sarcastic/funny
3) retarded
4) awesome
Really not sure which one it is.Ignored
Dislikedclearly it's simply broker propaganda! don't you think with all of the stops they just ran that they have a few extra dollars to spend getting some lies posted online to cover their butts? think about it. imagine how many hundreds of dollars they must have earned from running all of those penny account stops!Ignored
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Even conservative position sizing might not have helped too much on this one, I'm afraid.Ignored
DislikedTo me this is nothing new.... it is just another day of trading... see the big smile on my face
What you guys should really, really.... I mean REALLY think about at this moment is....
Where were the technical and fundamental gurus who loves to teach you guys about predicting future price?... Oh wait, since it's the aftermath... of course it is easy to justify it now for whatever reasons you may fancy.
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Disliked
If you don't have at least 10k in funds and 10k hours of experience, don't even think about going live.Ignored
DislikedTo me this is nothing new.... it is just another day of trading... see the big smile on my face
What you guys should really, really.... I mean REALLY think about at this moment is....
Where were the technical and fundamental gurus who loves to teach you guys about predicting future price?... Oh wait, since it's the aftermath... of course it is easy to justify it now for whatever reasons you may fancy.
[size=4][color=DarkRed]...Ignored
DislikedAnyways, i agree with both of your warnings to basically stay clear of self professed gurus who offer you infinity in profits for the cheap rate of 59.99 DOLLAZ.Ignored