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General Trading Chat / Ideas

  • #6,841
  • Aug 28, 2019 7:18am Aug 28, 2019 7:18am
Quoting Oc6oph
{quote} Yes this is all the money I have it would suck to blow it. I have a degree in accounting but really don’t want to have to do accounting lol
dont think i would have the balls to invest all my savings becarful mate if its a big sum of cash how will you feel if you blow it? i know its slower and and might not provid a income but only risk what you afford to lose bud be safe man
Turn your wounds into wisdom
  • #6,842
  • Aug 28, 2019 7:27am Aug 28, 2019 7:27am
Quoting Bk55
{quote} dont think i would have the balls to invest all my savings becarful mate if its a big sum of cash how will you feel if you blow it? i know its slower and and might not provid a income but only risk what you afford to lose bud be safe man
I’m not going to blow it. It would have to be really big move for me to blow account. I’m in the United States and we’re limited to 50:1 leverage I don’t have the massive leverage you have. Even with stops in its possible to blow account if something crazy happened like the CHF tsunami a few years ago. It took out a lot of people hedge funds banks too
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ex nihilo
  • #6,843
  • Aug 28, 2019 7:36am Aug 28, 2019 7:36am
Quoting Oc6oph
{quote} I’m not going to blow it. It would have to be really big move for me to blow account. I’m in the United States and we’re limited to 50:1 leverage I don’t have the massive leverage you have. Even with stops in its possible to blow account if something crazy happened like the CHF tsunami a few years ago. It took out a lot of people hedge funds banks too {image}
yeah that woz a crazy move
Turn your wounds into wisdom
  • #6,844
  • Aug 28, 2019 7:37am Aug 28, 2019 7:37am
just shorts ucad scalp
Turn your wounds into wisdom
  • #6,845
  • Aug 28, 2019 7:38am Aug 28, 2019 7:38am
Quoting Oc6oph
{quote} I understand I have real account it’s more stressful with real money down 4.5% atm on all trades combined
what are your trades atm?
  • #6,846
  • Aug 28, 2019 7:38am Aug 28, 2019 7:38am
10pip stop
Turn your wounds into wisdom
  • #6,847
  • Aug 28, 2019 7:44am Aug 28, 2019 7:44am
Quoting Bk55
{quote} yeah that woz a crazy move
Yes I’m not sure what happened to people who had stops in place but a lot probably wouldn’t be able to be triggered. There was another incident on Some Yen pairs and also on AUDUSD back in January I believe had something to do with liquidity on TRY/JPY I think might be wrong. I don’t think stops would have protected here either. I remember this day it happened around 17:00 New York time Oanda shut down briefly because of this. I was sitting at my computer waiting for EURUSD to get to point D if gartley when it happened and everything froze
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ex nihilo
  • #6,848
  • Aug 28, 2019 7:45am Aug 28, 2019 7:45am
Quoting asgcorp
{quote} what are your trades atm?
Short EG at 9050 9070 9084 and long EURUSD 1.11005
ex nihilo
  • #6,849
  • Aug 28, 2019 7:48am Aug 28, 2019 7:48am
Quoting Oc6oph
{quote} Yes I’m not sure what happened to people who had stops in place but a lot probably wouldn’t be able to be triggered. There was another incident on Some Yen pairs and also on AUDUSD back in January I believe had something to do with liquidity on TRY/JPY I think might be wrong. I don’t think stops would have protected here either. I remember this day it happened around 17:00 New York time Oanda shut down briefly because of this. I was sitting at my computer waiting for EURUSD to get to point D if gartley when it happened and everything froze...
i remember the yen one it makes you think about having a few acounts to protect your most of your accounts from a crash
Turn your wounds into wisdom
  • #6,850
  • Aug 28, 2019 7:50am Aug 28, 2019 7:50am
you could have 3 acounts but treat them as one for risk so you could still make same overal 1%
Turn your wounds into wisdom
  • #6,851
  • Aug 28, 2019 7:51am Aug 28, 2019 7:51am
Quoting Bk55
{quote} i remember the yen one it makes you think about having a few acounts to protect your most of your accounts from a crash
Well what happened is AUDJPY crashed when TRYJPY crashed big stops were triggered everything shut down I’d say alot of accounts were blown here also
ex nihilo
  • #6,852
  • Aug 28, 2019 7:52am Aug 28, 2019 7:52am
Quoting Oc6oph
{quote} Short EG at 9050 9070 9084 and long EURUSD 1.11005
you should do good with EURUSD, however a better entry is at 1070. (this is H1).
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  • #6,853
  • Aug 28, 2019 7:56am Aug 28, 2019 7:56am
you can gain quick 40 points in EU - 1067//1070 - 1110.
It's a pretty straightforward setup on H1.
  • #6,854
  • Aug 28, 2019 7:57am Aug 28, 2019 7:57am
Quoting asgcorp
you can gain quick 40 points in EU - 1067//1070 - 1110. It's a pretty straightforward setup on H1.
I’m already in and can’t add anything atm I have enough risk right now. Really need EG to drop
ex nihilo
  • #6,855
  • Aug 28, 2019 8:00am Aug 28, 2019 8:00am
Quoting Oc6oph
{quote} I’m already in and can’t add anything atm I have enough risk right now. Really need EG to drop
I'd be careful with EG. I'd replace EG short with EU long instead.
For EG to perform you've got to have a pretty stable GU.
GU right now is getting ready for stage 2 of the dump...
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  • #6,856
  • Aug 28, 2019 8:04am Aug 28, 2019 8:04am
Quoting Bk55
you could have 3 acounts but treat them as one for risk so you could still make same overal 1%
Yes im thinking about starting smaller account to put on here but need MT4 on my phone for both accounts and on computer not sure if I can do this. I’m always watching trades so it has to be on phone too so it’s easy to taje with me
ex nihilo
  • #6,857
  • Aug 28, 2019 8:07am Aug 28, 2019 8:07am
Quoting Oc6oph
{quote} Yes im thinking about starting smaller account to put on here but need MT4 on my phone for both accounts and on computer not sure if I can do this. I’m always watching trades so it has to be on phone too so it’s easy to taje with me
not shore if the app will let you 2 mt4 accounts mate
Turn your wounds into wisdom
  • #6,858
  • Aug 28, 2019 8:08am Aug 28, 2019 8:08am
Quoting asgcorp
{quote} I'd be careful with EG. I'd replace EG short with EU long instead. For EG to perform you've got to have a pretty stable GU. GU right now is getting ready for stage 2 of the dump... {image}
GBPUSD should be good buy here
ex nihilo
  • #6,859
  • Aug 28, 2019 8:09am Aug 28, 2019 8:09am
tp1 at 1 to 1 RR 50% off on ucad scalp free trade now might catch a few more pips
Turn your wounds into wisdom
  • #6,860
  • Aug 28, 2019 8:20am Aug 28, 2019 8:20am
Quoting asgcorp
{quote} I'd be careful with EG. I'd replace EG short with EU long instead. For EG to perform you've got to have a pretty stable GU. GU right now is getting ready for stage 2 of the dump... {image}
GBPUSD got below 2200 and came right back up. Looks bullish
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ex nihilo
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