anyone need help? | Page 13 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Gbp/jpy Need Help With E.a. ( Mobsie ) Anyone 5 replies

Need help with 10M chart - got it already but need some help! 1 reply

need help with a simple MA crossover EA. anyone can help? 7 replies

Need a retracement indicator, anyone can help please? 1 reply

Attachments: anyone need help?
Exit Attachments

anyone need help?

  • #241
  • Oct 16, 2007 7:34pm Oct 16, 2007 7:34pm
Quoting renasdad
1. Well when I started, if the markets were open, it was time to trade. I don't care for Fridays anymore and I am to the point Mondays arent very good either. Many may not agree. It might be the way I trade.

2. This question isn't one I should answer. Someone else may be able to answer it. I think the day of thanksgiving, Christmas, and New Years will be dead. The day following those days may be big movers. I'm not sure how exactly that works.

3. Ranging is a good thing sometimes. If you know the area of a top, take a short. When it gets to the bottom, close it (easier said than done). And again, I am not sure when things will be back to normal. Did I just say back to normal? Forex doesn't know that word. Maybe there just needs to be some sort of interest change or some drastic news come out to push things in a certain direction.

Thanks for the information, much appreciated! I am still curious about #2:

Hope you don't mind me pursuing this question:

Does anyone know what days during the Holidays (Nov, Dec, and Jan) should be avoided and which might be big movers after the Holidays?
  • #242
  • Oct 16, 2007 7:39pm Oct 16, 2007 7:39pm
Pursue away. If there are questions you have or anyone else has, and they aren't answered right, don't hesitate to ask again. Keep pursuing until you understand. That is how you learn this stuff.
JOHN 3:16
  • #243
  • Oct 17, 2007 12:11pm Oct 17, 2007 12:11pm
Quoting annieb
- I have read whole thread and physiology consensus was that 'greed' was primary…well fear is mine. Any suggestions to overcome the fear?

I believe the consensus I have reached, as well as many others is that; YES greed is the primary. But; FEAR is caused by greed.

It may not be greed the way you think of it but basically, you might say people are greedy they want money. Greed = wanting more.
Yet, if you have a fear of losing your money, isn't that in and of itself greed? You cannot let go of your money. I have not done the best to explain this so maybe someone else can shed the light, but greed and fear are highly intertwined.



"So how did you overcome the fear of yourself then...Experience/time?"

to lose fear\greed.
Have complete confidence in your system (time, experience). It may be impossible for you to have complete confidence in your system until you have complete confidence in yourself though.
Realize that you will have draw downs. And live through some draw downs.

Finally - start small... use a broker that allows buying micro lots, and start using your system with .5% risk, and each month of success bump up your risk a few %. IT TAKES TIME - but it will teach what you can and can't do, and give you confidence.

I have the distinct feeling people are not interested in Micro lots because in each lot, a pip is worth around $.10. But you can adjust this by buying a lot of lots - to match your risk profile. A LOT O LOTS!
"Please sir, may I have some more pips?"
  • #244
  • Oct 31, 2007 8:24pm Oct 31, 2007 8:24pm
I thought I would just make a post to get this thread back to the beginning of the forum so people would have a better chance of seeing it.

Go ahead and ask, I'm all ears.
JOHN 3:16
  • #245
  • Nov 1, 2007 3:46am Nov 1, 2007 3:46am
Quoting renasdad
I thought I would just make a post to get this thread back to the beginning of the forum so people would have a better chance of seeing it.

Go ahead and ask, I'm all ears.

my fault....i should be the one doing that......

always great to have people kind enough to help others out............
  • #246
  • Nov 5, 2007 6:22am Nov 5, 2007 6:22am
I always hear Forex is a 24-hour market, but is there a market between the close of New York and the open of the Asian session on weekdays? (I know it's closed most of the weekend.)

Specifically, I'm interested because If I placed a trade, say Tuesday, could the market potentially gap between the New York and Asian session Tuesday afternoon/evening and run through my stop loss?

Thanks in advance,
Marcy
  • #247
  • Nov 5, 2007 6:45am Nov 5, 2007 6:45am
Here is a link to a site that list the opens/closes of major markets. On it it states:
After the New York Markets Close, for a period of 3 Hours, during Summer, and 1 Hour during Winter (N. Hemisphere)
No Major Forex Market has reported as being open.

http://www.worldmarkethours.com/Fore...htm?12,0,1,0,8

Though a major market may not be open the price can still move during these hours, so yes the price can move through your stop
In trading, there is no bullshit. You either make money or you don't.
  • #248
  • Nov 6, 2007 5:44am Nov 6, 2007 5:44am
I read a thread on ForexFactory that listed a variety of futures expirations dates (so traders could check before opening positions). Could someone please explain or direct me to info that explains why futures expirations dates are important to check before opening forex positions?

Thanks in advance,
Marcy
  • #249
  • Nov 6, 2007 8:50am Nov 6, 2007 8:50am
Hi,

Let say I have $1000 capital with 1:200 leverage. Pairs EUR/USD. Always said, trade not more then 10% of yr capital. My Q, how to put a quantity in order form that equivalent with 10%...

Thanks
  • #250
  • Nov 6, 2007 11:51am Nov 6, 2007 11:51am
Hello, thank you for this thread renasdad! I have a lot of questions.. ok where to start.
What trading strategies are most popular with 1kt members?
When should I take the step from demo account to real account?
What's a safe broker to trade an account as small as 1000$ with? the reason I ask is because on forexbastards.com they make it seem like almost all brokers will cheat you and take all of your money...
Is it really in a brokers best interest that you lose money?
When you have a positive trade... where does the money come from? the broker? traders? out of thin air? this confuses me.
  • #251
  • Nov 6, 2007 11:53am Nov 6, 2007 11:53am
Quoting ladeen
Hi,

Let say I have $1000 capital with 1:200 leverage. Pairs EUR/USD. Always said, trade not more then 10% of yr capital. My Q, how to put a quantity in order form that equivalent with 10%...

Thanks
with that sums of capital, i assume you use a minilot or micro lot broker. I usually tell people that the simplest way is to assume that 1 mini lot (0.1 lot) is equal to 100 usd. So we can simply say that trading 0.1 is equal to trading 100 usd which is - in your case - equal to 10% of your equity
  • #252
  • Nov 6, 2007 12:59pm Nov 6, 2007 12:59pm
I wanted to answer something as well, as I'm such a helpful person. lol

Quoting MattL4417
What trading strategies are most popular with 1kt members?
The unpopular ones.

Quoting MattL4417
When should I take the step from demo account to real account?
When you are ready to lose money.
If you are still ready to make money, then I would suggest to keep demo trading.

Quoting MattL4417
What's a safe broker to trade an account as small as 1000$ with? the reason I ask is because on forexbastards.com they make it seem like almost all brokers will cheat you and take all of your money...
1000$ is a big money actually, for me at least An broker who allows you to choose the custom position size is a good option, so you can always trade small even when having a drawdown. I would suggest Oanda, sounds maybe too lame but I love them, a good broker and I think most of people who have used them service would agree. After all, they have beaten me honestly on the Forex without any need for nasty tricks, respect, aight

Quoting MattL4417
Is it really in a brokers best interest that you lose money?
Well obviously yes.
"Is it really in a casinos best interest that you lose money, duh".
They are not a red cross or something. Someone has to go to broke, whether it's you or the broker.

Quoting MattL4417
When you have a positive trade... where does the money come from? the broker? traders? out of thin air? this confuses me.
Ohh, that's my job! I'm paying for the brokers and they pay for you
Well, who are you trading with/against - obviosly the broker because you haven't opened a trading account with other traders or thin air.
  • #253
  • Nov 6, 2007 6:29pm Nov 6, 2007 6:29pm
Quoting ganesi
with that sums of capital, i assume you use a minilot or micro lot broker. I usually tell people that the simplest way is to assume that 1 mini lot (0.1 lot) is equal to 100 usd. So we can simply say that trading 0.1 is equal to trading 100 usd which is - in your case - equal to 10% of your equity

Thanks for the reply..
In order box for quantity, if the number can be choose is 1,2,3....... so I have to click 1, 10 or what ...? (My broker use that number).

Thanks again.
  • #254
  • Nov 6, 2007 7:34pm Nov 6, 2007 7:34pm
thanks for the response someday.
another question I have: how do you know a single currencies value- for example if GBPJPY is falling, does that mean gbp value is going up? or jpy?
  • #255
  • Nov 6, 2007 7:48pm Nov 6, 2007 7:48pm
Matt: spending some time at babypips.com would be a good place to start as it has an excellent course on getting started in this business.
In trading, there is no bullshit. You either make money or you don't.
  • #256
  • Nov 7, 2007 2:07am Nov 7, 2007 2:07am
Quoting mrgreen
Matt: spending some time at babypips.com would be a good place to start as it has an excellent course on getting started in this business.
Or otherwise, your broker is going to fall in love with you.
  • #257
  • Nov 14, 2007 5:51am Nov 14, 2007 5:51am
Anyone seen renasadad lately.....please tell him to contact me.......i haven't heard from him..and i have sent him a bunch of e-mails with no reply.. really getting me worried...for a while here.... and this thread seems to be quiet now......let's get it moving....
  • #258
  • Nov 15, 2007 8:09am Nov 15, 2007 8:09am
When the dollar strengthens against a currency, what is the outcome of a currency pair

When a currency weakens against the dollar, lets say GBPUSD, you will Short that currency. That would be right, but what happens to a currency like USDJPY, should you then go Long on it.

And what about GBPJPY.

If GU is Short and UJ is Long then GJ should also be short, is that not correct?

Becuase you are buying dollars in both cases and selling pound in the one (GU) and selling Yen (UJ) in the other, brings me to the conclusion that if you were Shorting Pound and Longing Yen then you are actually playing Geppy (GJ) and actually Sorting it... is this correct?
  • #259
  • Nov 15, 2007 10:03am Nov 15, 2007 10:03am
Here is a link that explains a bit about crosses and synthetic crosses.

http://www.forexinternationalacademy.com/crosses.html

Quoting Fx1618
When the dollar strengthens against a currency, what is the outcome of a currency pair

When a currency weakens against the dollar, lets say GBPUSD, you will Short that currency. That would be right, but what happens to a currency like USDJPY, should you then go Long on it.

And what about GBPJPY.

If GU is Short and UJ is Long then GJ should also be short, is that not correct?

Becuase you are buying dollars in both cases and selling pound in the one (GU) and selling Yen (UJ) in the other, brings me to the conclusion that if you were Shorting Pound and Longing Yen then you are actually playing Geppy (GJ) and actually Sorting it... is this correct?
In trading, there is no bullshit. You either make money or you don't.
  • #260
  • Nov 15, 2007 7:24pm Nov 15, 2007 7:24pm
Quoting Fx1618
When the dollar strengthens against a currency, what is the outcome of a currency pair...
And another way...
Hmmph. Cant attach.
This is what I wanted to send you...
Basic Cross Calculator.xls
Remind me when the site is stable again.
BMc
0 traders viewing now