twin candles never disappoint me
were you refering to the railway on the one hour chart
- #19,342
- Aug 11, 2008 4:48am Aug 11, 2008 4:48am
- | Joined Apr 2008 | Status: You never know | 1,306 Posts
Expected the unexpected
- #19,343
- Aug 11, 2008 4:51am Aug 11, 2008 4:51am
- Joined Sep 2006 | Status: Trader | 2,272 Posts
its just money
fortunately...
it was at my demo account ..
suddenly got messages, that i got same messages that my account get margin call. for a moment i was panic, but when i think a moment , that i dont open any trade..i beginnning to calm, and when i check, that account, just my demo that i forgot to monitor..
that's why from start (well ..a couple day after start..in my first week of course i use demo acc) i never learn and trade using demo ..for me demo account doenst give the tense and feeling that you need to grab the essence and feeling the crazynest of this beast that people call forex market..
with demo you can 100% confidence when to in and when to out, you can sleep well and eat well, even when you know , that you have half your account in open position..and of course you still can go out and have fun without thinking very much about your account..
it's just like you want to learn to drive and want to take a driving lisensed, but only learning with grand turismo in playstation2 or sega rally..
for me, better just jump and learning with real money , even if only with Super Mini macro $10 account , than $10000 demo account, better to feel true steerring wheel, and try, even it only in the backyard/park/neighborhood street .. than just feel in ps2 or sega..
and for me, the most imortant part..coz i am only have a very very limited capital max.$1000 to open my first account..the feeling to use $10000 demo account with lets say $10/pips .. and feel comfortable with it..
then come the day, you open real account with $1000, and suddenly the movement only $1/pips.. that's quite make your patience thinner..
of course i still use demo acc for try this or that.. sometimes true battle..can make you skill sharper, faster than you just tarining in dojo..if only you can control yourself, and use proper safety guard, you never being killed..
just intermezzo, sharing my mind for other newbie like me
and forgive me, for my super bad english (im still learning thou..)
it was at my demo account ..
suddenly got messages, that i got same messages that my account get margin call. for a moment i was panic, but when i think a moment , that i dont open any trade..i beginnning to calm, and when i check, that account, just my demo that i forgot to monitor..
that's why from start (well ..a couple day after start..in my first week of course i use demo acc) i never learn and trade using demo ..for me demo account doenst give the tense and feeling that you need to grab the essence and feeling the crazynest of this beast that people call forex market..
with demo you can 100% confidence when to in and when to out, you can sleep well and eat well, even when you know , that you have half your account in open position..and of course you still can go out and have fun without thinking very much about your account..
it's just like you want to learn to drive and want to take a driving lisensed, but only learning with grand turismo in playstation2 or sega rally..
for me, better just jump and learning with real money , even if only with Super Mini macro $10 account , than $10000 demo account, better to feel true steerring wheel, and try, even it only in the backyard/park/neighborhood street .. than just feel in ps2 or sega..
and for me, the most imortant part..coz i am only have a very very limited capital max.$1000 to open my first account..the feeling to use $10000 demo account with lets say $10/pips .. and feel comfortable with it..
then come the day, you open real account with $1000, and suddenly the movement only $1/pips.. that's quite make your patience thinner..
of course i still use demo acc for try this or that.. sometimes true battle..can make you skill sharper, faster than you just tarining in dojo..if only you can control yourself, and use proper safety guard, you never being killed..
just intermezzo, sharing my mind for other newbie like me
and forgive me, for my super bad english (im still learning thou..)
- #19,345
- Aug 11, 2008 5:07am Aug 11, 2008 5:07am
- | Joined Jul 2008 | Status: Happiness can only come from within | 1,080 Posts
fortunately...
it was at my demo account ..
suddenly got messages, that i got same messages that my account get margin call. for a moment i was panic, but when i think a moment , that i dont open any trade..i beginnning to calm, and when i check, that account, just my demo that i forgot to monitor..
that's why from start (well ..a couple day after start..in my first week of course i use demo acc) i never learn and trade using demo ..for me demo account doenst give the tense and feeling that you need to grab the essence and feeling the crazynest of this beast that people call forex market..
with demo you can 100% confidence when to in and when to out, you can sleep well and eat well, even when you know , that you have half your account in open position..and of course you still can go out and have fun without thinking very much about your account..
it's just like you want to learn to drive and want to take a driving lisensed, but only learning with grand turismo in playstation2 or sega rally..
for me, better just jump and learning with real money , even if only with Super Mini macro $10 account , than $10000 demo account, better to feel true steerring wheel, and try, even it only in the backyard/park/neighborhood street .. than just feel in ps2 or sega..
and for me, the most imortant part..coz i am only have a very very limited capital max.$1000 to open my first account..the feeling to use $10000 demo account with lets say $10/pips .. and feel comfortable with it..
then come the day, you open real account with $1000, and suddenly the movement only $1/pips.. that's quite make your patience thinner..
of course i still use demo acc for try this or that.. sometimes true battle..can make you skill sharper, faster than you just tarining in dojo..if only you can control yourself, and use proper safety guard, you never being killed..
just intermezzo, sharing my mind for other newbie like me
and forgive me, for my super bad english (im still learning thou..)
So I guess I'm saying...do all testing and develop trading system using demo...get it working on demo profitably and then trade a small account with Live account and go from there.
- #19,346
- Aug 11, 2008 5:10am Aug 11, 2008 5:10am
- | Joined Jul 2008 | Status: Happiness can only come from within | 1,080 Posts
- #19,348
- Aug 11, 2008 5:29am Aug 11, 2008 5:29am
Good morning all,
Plain & simple for me today
EUR seen 1.5045 over the weekend. which most brokers wont show you on your broker software, think Clouds also mentioned it in an earlier post.
Georgia "mini war" doesn't influence the pair that much IMO, cause it's not the EU part that's been invaded, only Oil might get a boost if pipelines will be destroyed. (No disrespect & don't get me wrong using word "mini war", I hope it all ends soon and feel for the loss of families involved, just consider this not large enough to have heavy impact on EUR)
Way overdue technical correction starting today as a response on IMO "Boosted Central Bank Intervention" drop.
I'm 90% bullish, 1.5 been sliced as butter, my targets for today are:
T1 Daily Pivot at 1.5111
T2 Weekly Pivot at 1.516
R1 Resistance at 1.5226
The 10% bearish will only come into play in case we see a drop below 1.50 again
As always...Just my 2 Cents...
Just my 2 cents...
- #19,349
- Edited 5:48am Aug 11, 2008 5:44am | Edited 5:48am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
Still the same opinion...but watch out for the 10%..possible break below 1.50
Just my 2 cents...
the breakout was sustained on increasing volume, not excessive high on the upbar. normally this breakout can continue up, most likely the breakouts on excessive high volume tend to come back to test the breakout level.
this continuation around the breakout level makes me feel a little unsure and could speak for enough selling pressure above. nyse open will tell more but i tend to think that eu is just tanking near the breakout level, sucking bears into the market whose stop loss' above will also propel prices higher on the next upmove.
waiting to trade dow and crude mini after 15.30 gmt+1 . my gut says oil up- taking eu on its back and dow down. so prepare that everything will happen exactly in the opposite way that i said
- #19,351
- Aug 11, 2008 5:54am Aug 11, 2008 5:54am
- Joined Sep 2006 | Status: Trader | 2,272 Posts
its just money
- #19,352
- Aug 11, 2008 5:55am Aug 11, 2008 5:55am
- Joined Mar 2007 | Status: Trader | 3,709 Posts
cleaning their gunbarrels after shooting it down. then lock and load, and back on the parcourse to annihilate those who think we'll see 1.45 anytime soon.
Soon... like... November...
Keep buying.
- #19,353
- Aug 11, 2008 5:59am Aug 11, 2008 5:59am
- Joined Mar 2008 | Status: Still testing and trading | 1,454 Posts
yeah true but the thing is that if you can find a way to treat the demo account right then at least know that you can trade profitably on demo account then that will give you more confidence in your live trading account. That's my opinion though.
So I guess I'm saying...do all testing and develop trading system using demo...get it working on demo profitably and then trade a small account with Live account and go from there.
..true..cant argue w/that..for my condition.. thats my first week that i mention before..learn the basic (via babypips,forum, book,youtube,etc)..learn the platfom..make a couple profitable trading..and try grasp the feeling .. (i have bad habit, i cant concentrate, without any tension or pressure)..anyway thanks for your reply,altrader
yeah true but the thing is that if you can find a way to treat the demo account right then at least know that you can trade profitably on demo account then that will give you more confidence in your live trading account. That's my opinion though.
So I guess I'm saying...do all testing and develop trading system using demo...get it working on demo profitably and then trade a small account with Live account and go from there.
..true..cant argue w/that..for my condition.. thats my first week that i mention before..learn the basic (via babypips,forum, book,youtube,etc)..learn the platfom..make a couple profitable trading..and try grasp the feeling .. (i have bad habit, i cant concentrate, without any tension or pressure)..anyway thanks for your reply,altrader
yeah true but the thing is that if you can find a way to treat the demo account right then at least know that you can trade profitably on demo account then that will give you more confidence in your live trading account. That's my opinion though.
So I guess I'm saying...do all testing and develop trading system using demo...get it working on demo profitably and then trade a small account with Live account and go from there.
..true..cant argue w/that..for my condition.. thats my first week that i mention before..learn the basic (via babypips,forum, book,youtube,etc)..learn the platfom..make a couple profitable trading..and try grasp the feeling .. (i have bad habit, i cant concentrate, without any tension or pressure)..anyway thanks for your reply,altrader
anyway thanks for your reply,altrader
- #19,359
- Aug 11, 2008 6:42am Aug 11, 2008 6:42am
anyway thanks for your reply,altrader