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  • #1,119,121
  • Edited 11:53am Jun 24, 2017 11:42am | Edited 11:53am
Quoting Evan7
{image}
Pharmor was an a.ss.

Check his final messages... I bet he crashed.....

......
Yep.

https://www.forexfactory.com/showthr...0r#post9954673

Trading on 7th 8th, ECB news and spikes.

Well - that's life.


I must admit i was unusually careful that day, made very few pips, but once the dust settled....you trade next day
Beware of robber banks (RB), bad advisors.
  • #1,119,122
  • Jun 24, 2017 11:47am Jun 24, 2017 11:47am
Quoting Ata-Turkoglu
{quote} To collaborate to your thoughts I want to say: The one who knows well might not teach well.. The one who teaches well might not know well.. Finding the one who knows well and teaches well is the taugh part.. and what is even taugher? Let me answer: To climb the stairs by yourself.. Stay Green
People who learn to climb the stairs by themselves eventually reach the TOP (1%)
A good trader follows his rules, but great trader knows when to break them
  • #1,119,123
  • Jun 24, 2017 12:07pm Jun 24, 2017 12:07pm
Quoting ill_be_back
{quote} People who learn to climb the stairs by themselves eventually reach the TOP (1%)
No book, no teacher can teach trading. If the teacher really knew trading he wouldnt be teaching. Its just ones shear effort that takes you there.
  • #1,119,124
  • Jun 24, 2017 12:09pm Jun 24, 2017 12:09pm
Quoting swing 123
{quote} No book, no teacher can teach trading. If the teacher really knew trading he wouldnt be teaching. Its just ones shear effort that takes you there.
Important thing is never to loose hope. Some times set backs will happen for sure but you gotta be a fighter to bring this shit down eventually.
  • #1,119,125
  • Jun 24, 2017 12:10pm Jun 24, 2017 12:10pm
Quoting Not-KPMG
{quote} Pharmor was an a.ss. Check his final messages... I bet he crashed..... ...... Yep. https://www.forexfactory.com/showthr...0r#post9954673 Trading on 7th 8th, ECB news and spikes. Well - that's life. I must admit i was unusually careful that day, made very few pips, but once the dust settled....you trade next day
Yes, life can be f****** cruel. Hope he is doing fine
Bigger lot size should be avoided during news trading-it's just my opinion.
  • #1,119,126
  • Jun 24, 2017 12:26pm Jun 24, 2017 12:26pm
you dont crash unless you trade without stop loss and without lot size management.
either you crash slowly, or you survive without gains or if you are consistently profitable then congrats!
When life gives you lemons, make lemonade
  • #1,119,127
  • Jun 24, 2017 12:28pm Jun 24, 2017 12:28pm
Quoting ill_be_back
{quote} People who learn to climb the stairs by themselves eventually reach the TOP (1%)
i dont think, not 1% reach the top much less otherwise every 1 out of 100 here is rich and thats not the case.
maybe 1 in 1000
When life gives you lemons, make lemonade
  • #1,119,128
  • Jun 24, 2017 12:30pm Jun 24, 2017 12:30pm
Quoting Evan7
{quote} Yes, life can be f****** cruel. Hope he is doing fine Bigger lot size should be avoided during news trading-it's just my opinion.
Why do you want to trade news.... in 2014 in one of my trades, I was 75pips up with stop at breakeven.
i left the trade running unattended, when i came back on my computer, I was -20pips. I got out of trade 20pips below my stop. Next day I received mail from my broker that they will be returning my money back, they informed that it happened due to slippage, the money i got back after few days. The reason im telling is that news can really destroy your account and should always stay sidelines during big news.
  • #1,119,129
  • Jun 24, 2017 12:36pm Jun 24, 2017 12:36pm
You are right, it's unhealthy but every now and then we can't resist ourselves.
  • #1,119,130
  • Jun 24, 2017 12:40pm Jun 24, 2017 12:40pm
Quoting swing 123
{quote}I got out of trade 20pips below my stop.
Im sure thats a new one for the forum.
  • #1,119,131
  • Jun 24, 2017 12:51pm Jun 24, 2017 12:51pm
Quoting swing 123
{quote} Im sure thats a new one for the forum.
Didn't get your thought. Can you clarify?

Thanks
  • #1,119,132
  • Jun 24, 2017 12:59pm Jun 24, 2017 12:59pm
Quoting Evan7
{quote} Didn't get your thought. Can you clarify? Thanks
google slippage during high volumes.
  • #1,119,133
  • Jun 24, 2017 1:03pm Jun 24, 2017 1:03pm
Quoting swing 123
{quote} google slippage during high volumes.

https://www.dailyfx.com/forex/educat...Bad_Thing.html
  • #1,119,134
  • Edited 1:21pm Jun 24, 2017 1:08pm | Edited 1:21pm
Quoting swing 123
{quote} https://www.dailyfx.com/forex/educat...Bad_Thing.html
Thank you.

"Im sure thats a new one for the forum"

Didn't get it properly.
  • #1,119,135
  • Jun 24, 2017 1:15pm Jun 24, 2017 1:15pm
This seems like good strategy for EU these days as it range around 1.1200 since 19th May.
(At the end he told about his website. But be careful if you going to visit it. Because my virus guard warned me about a threat. It was js file. Not sure whether it is harmful.)

Inserted Video
  • #1,119,136
  • Jun 24, 2017 1:36pm Jun 24, 2017 1:36pm
Quoting calebfx
News trading, been there done that, I used to only trade 3 times a month and felt I was God's hand on earth, I had a professional ea just calling the shots, I didn't have to be in front of a computer and then what happened? My broker realised there is a term called slippage which they can use to anal me and so the analing begun, I started losing large chunks of money can't say the figures don't wanna start a pissing contest lmao All in all I was left with a little over my capital, moral of the story if you do not have unlimited cash then news trading,...
Seems like good idea. However will it close at stop loss. Or will not the slippage affect it too?
  • #1,119,137
  • Jun 24, 2017 1:48pm Jun 24, 2017 1:48pm
Quoting ill_be_back
{quote} People who learn to climb the stairs by themselves eventually reach the TOP (1%)
and people who learn to have full support while climbing the stairs themselves eventually reach the TOP FASTER AND MORE HEALTHIER AND FRESH AND STRONGER BETTER THAN WHO DEPEND ON THEMSELVES ONLY ( 99%)
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #1,119,138
  • Jun 24, 2017 1:51pm Jun 24, 2017 1:51pm
Quoting fx17
this seems like good strategy for eu these days as it range around 1.1200 since 19th may. (at the end he told about his website. But be careful if you going to visit it. Because my virus guard warned me about a threat. It was js file. Not sure whether it is harmful.) https://www.youtube.com/watch?v=sh8_wi5y0gc
hi
this is mainly support and reistance trading strategy !!!! Where is the hedging ..... ???/ come on guys ???
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #1,119,139
  • Jun 24, 2017 2:08pm Jun 24, 2017 2:08pm
Quoting swing 123
{quote} Important thing is never to loose hope. Some times set backs will happen for sure but you gotta be a fighter to bring this shit down eventually.
According to what I learnt there are four factors which helps to attain your goals

The Four Dominant Factors (Irdipada):

1. Chanda: intention, wish to do, vision

2. CItta: the main thought about the final aim./purity of mind

3. Viriya: effort to carry on up to the final result, the resolution.

4. Vimansa: investigation about the result.

You can find more details here from this wiki page
https://en.wikipedia.org/wiki/Iddhipada
  • #1,119,140
  • Jun 24, 2017 2:35pm Jun 24, 2017 2:35pm
Quoting fx17
{quote} Seems like good idea. However will it close at stop loss. Or will not the slippage affect it too?
Hey FX, no slippage won't affect it because the trades were executed before momentum from the news came in and yes it usually ends with the SL hit on one, so basically if all goes as planned you make 15 pips.

You can also put a break even feature that way you can win both, say for example the last FOMC when the news came out using this NEWS strat I speak of your buy trade would have closed at BE instead of SL because of that spike up, then your Short would close at 30 PIPS TP.
Read in between the price!!!
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