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  • #19,821
  • Aug 12, 2008 8:08am Aug 12, 2008 8:08am
Quoting Maarten999
I lost today 10% of my account. Not because I was wrong, but because my stops were to tight or I put the buy/sell order to low or too high.

This s*cks
Fot the next trades take only 10 % from the money you still have.
Google or look here for " money management "
  • #19,822
  • Aug 12, 2008 8:09am Aug 12, 2008 8:09am
Maarten, welcome to FF,

Sorry to hear that. As a first lesson for you to learn here, never ever risk more than 1% of your account per trade/or all the trades you have open if it's more than one including different pairs unless you hedge them against each other. If and when you get good and see consistant profit, then you might think about increasing it a bit.
On the path to Enrichment.
  • #19,823
  • Aug 12, 2008 8:09am Aug 12, 2008 8:09am
i so want to short right now. but im waiting for a confirmation.
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #19,824
  • Aug 12, 2008 8:09am Aug 12, 2008 8:09am
Quoting filipf
What is the market doing? It looks like it really wanna test 1.5000
Stopped my shorts really bad. But in my opinion it has to go down... longer term trend looks like still South.

because the oil going up
{Promotion Removed}
  • #19,825
  • Aug 12, 2008 8:10am Aug 12, 2008 8:10am
Euro is trying to zoom....let's see if it reaches 50
  • #19,826
  • Aug 12, 2008 8:10am Aug 12, 2008 8:10am
Quoting Maarten999
I lost today 10% of my account. Not because I was wrong, but because my stops were to tight or I put the buy/sell order to low or too high.

This s*cks
yeah me too. That's my problem at the moment as well. I guess it is just an experience thing.

I feel like i'm learning a lot from the people who post in this thread.
  • #19,827
  • Aug 12, 2008 8:11am Aug 12, 2008 8:11am
Quoting shiva
LOL... Discount sale at MENSA I see... The true three-dimensional shape of the earth is G E O I D
Oblate SpheroidThe true shape of the Earth called an Oblate Spheroid. The term "Oblate" refers to it's slightly oblong appearance. The term "Spheroid" means that it is almost a sphere, but not quite. One of the most important things to remember about the Earth's shape is that it is only very slightly oblate. The diameter from the North Pole to the South Pole (the shortest diameter) is approximately 12,714 km. The equatorial diameter (the longest diameter) is approximately 12,756 km. This is not a big difference, but it does make the Earth not quite a sphere.

You've been wrong every time.

You didn't know what a retail trader was.

You thought one guy could move this market.

I was kind enough to apologize for my rudeness and now you want to play the game again.

I saw Soros speak once and he opened with this...

The good news about this world is you can make a lot of money... the bad news is - I'm you competition.
  • #19,828
  • Aug 12, 2008 8:13am Aug 12, 2008 8:13am
Oil above 115,,, looks like uptrend going to come soon
  • #19,829
  • Aug 12, 2008 8:15am Aug 12, 2008 8:15am
If EUR/USD can close above 4920 today, it will be a hammer candlestick. We can expect a big correction in the next few days. Will see 5200 soon.
  • #19,830
  • Aug 12, 2008 8:17am Aug 12, 2008 8:17am
It gives you a build in bias. Now to update the earlier numbers before the markets open.

Dow Futures down 45 Oil up $ 1.27 to $115.72 US Gold is up and All Europe exchanges are down some.

The 2 Year Bonds are at 2.49% Yield and the 10 Year Bond at 3.94% Yield.

The Bonds are being bought and Yield coming down.

Things are changing Be Aware of that !!!

Data Out at 10:00 AM Consumer Confidence !!!


Bruce
{Promotion Removed}
  • #19,831
  • Edited 8:23am Aug 12, 2008 8:20am | Edited 8:23am
Quoting Warren Forex
This is a way to see what is changing as the day goes on. It helps to see where the money is flowing.

Dow Futures are down 8 and Oil is down $ .85 cents at $113.60 US

Gold is down $6.90 at $821.40

The 2 Year Bond Yields are at 2.52% and the 10 Year Bond Yield is at 3.98%

The spread is 146 Basis points. Once again EUR/USD got over 1.4900 but could not hold.

The Europe indices are up but only barely. More bad news in Banks with UBS and JP Morgan announcing more Write downs in the Billions.

Dow is ready for a correction and the Trade Numbers come out at 8:30 AM

Stay Tuned and watch the Money Flow.

Any Questions I will answer if submitted !


Bruce
You should watch these yourself. It is a Tremendous help in your trading. I am a professional fundamental trader for those not aware. The fundamentals lead your charts at most times except for Intervention Time when nothing matters short term.

Good Trading To All !!!


Bruce
{Promotion Removed}
  • #19,832
  • Aug 12, 2008 8:23am Aug 12, 2008 8:23am
ATR has widened in lower time frames such as 30m since that last spike down around 1.4820. To me, I see volitility increasing and my entries sizes are smaller and my stops a little wider. I can afford to probe but I'm undercapitalized currently and wouldn't consider going in and risking a full 1% at this time.
Redefining Reality
  • #19,833
  • Aug 12, 2008 8:24am Aug 12, 2008 8:24am
Turned 2 pips from my stop and back below 50. Let's see if I'm that lucky...
On the path to Enrichment.
  • #19,834
  • Aug 12, 2008 8:24am Aug 12, 2008 8:24am
Short@4950
TP4920 SL4970
  • #19,835
  • Aug 12, 2008 8:26am Aug 12, 2008 8:26am
Watch the Dow open. If it heads down the US Dollar will sell off and some Carry Trade will unwind. The Oil will go up as well as Gold. The Yield on the 2 Year Bonds will go down as Bonds are bought. Watch these things. They lead the charts.


Bruce
{Promotion Removed}
  • #19,836
  • Aug 12, 2008 8:27am Aug 12, 2008 8:27am
there is strong resistance here....the only way i will go long is if it breaks above 1.4985. other than that im shorting all the way
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #19,837
  • Aug 12, 2008 8:29am Aug 12, 2008 8:29am
Quoting Jurrasic
Turned 2 pips from my stop and back below 50. Let's see if I'm that lucky...

Would you have moved your stop based upon nothing to indicate there is a definitive rally north, or would you have taken the loss regardless?
Redefining Reality
  • #19,838
  • Aug 12, 2008 8:32am Aug 12, 2008 8:32am
When was I wrong? Only when I thought your nick name reflected your intellctual ability
I didn't know what a retail trader was? LOL, (How old are you? )

You were naive enough to assume that "Big guy" = Single individual (How old are you?)

Your kindness is overwhelming but I must point out that you apologize to the person you insulted and not to a third party (How old are you?)

Oh my GOD!! You saw Soros? I saw Paris Hilton one night lol... The hotel I mean.

Will I keep wondering how old you are? Yes, if you keep up your juvenile antics continuing.

Quoting acumen
Oblate SpheroidThe true shape of the Earth called an Oblate Spheroid. The term "Oblate" refers to it's slightly oblong appearance. The term "Spheroid" means that it is almost a sphere, but not quite. One of the most important things to remember about the Earth's shape is that it is only very slightly oblate. The diameter from the North Pole to the South Pole (the shortest diameter) is approximately 12,714 km. The equatorial diameter (the longest diameter) is approximately 12,756 km. This is not a big difference, but it does make the Earth not quite a sphere.

You've been wrong every time.

You didn't know what a retail trader was.

You thought one guy could move this market.

I was kind enough to apologize for my rudeness and now you want to play the game again.

I saw Soros speak once and he opened with this...

The good news about this world is you can make a lot of money... the bad news is - I'm you competition.
  • #19,839
  • Aug 12, 2008 8:34am Aug 12, 2008 8:34am
Quoting mokonni
Fot the next trades take only 10 % from the money you still have.
Google or look here for " money management "
Thanks, I will do that


Quoting Jurrasic
Maarten, welcome to FF,

Sorry to hear that. As a first lesson for you to learn here, never ever risk more than 1% of your account per trade/or all the trades you have open if it's more than one including different pairs unless you hedge them against each other. If and when you get good and see consistant profit, then you might think about increasing it a bit.
Thank you. I am new to this game, and I have traded a month on demo before trading with a real money account. But I dont understand, with my demo account it was going very well, and I was almost right all the time, but now with my real money account I am losing money, not because the market is going against me, but just because of my own stupidity with to tight stops.


Quoting altrader
yeah me too. That's my problem at the moment as well. I guess it is just an experience thing.

I feel like i'm learning a lot from the people who post in this thread.
I guess I am not the only one with this problem! I dont know how you trade? But I have experienced on my demo account that I can trade the most profitable by just looking at the chart and using trendlines, support and resistance.
  • #19,840
  • Aug 12, 2008 8:36am Aug 12, 2008 8:36am
If we take a look at the chart you can see the PP at .4952.

When a pair begins the day below or above the PP often times it will remain there the rest of the US session.

It will take some very strong bullish action to move through the PP. If it does move through PP it will go to .5000.

Additionally - my post last night prior to the Euro session might be worth revisiting.
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