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Help needed in OANDA + users from Malaysia 105 replies

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  • #17,881
  • Aug 21, 2008 7:21am Aug 21, 2008 7:21am
Quoting karmostaji
Next week you will have no account.

mark my words!
Please be nice to each other. We are all here to learn and hopefully make money. We have nothing against each other.
Expected the unexpected
  • #17,882
  • Aug 21, 2008 7:25am Aug 21, 2008 7:25am
Quoting scyang
Please be nice to each other. We are all here to learn and hopefully make money. We have nothing against each other.
I was being realistic because if he has a drawdown of 70% in 1 week, it means he is gambling with his account and in no time his account will blow up.

I'm always nice btw
Trade what you see, not what you think.
  • #17,883
  • Aug 21, 2008 7:28am Aug 21, 2008 7:28am
Gee,

I never know that I'm in a warring state forum, br0.

Come on, there's huge battle ground outside. We're here to share our knowledge. Go go go WAR... go away.

BTW, 70% DD is kinda huge. I've suffer 100% DD in 3days time.
Next time can try on nano account. Can play as big DD as you want.

But meanwhile, let focus on the battleground
Banker please return my pipins.
  • #17,884
  • Aug 21, 2008 7:32am Aug 21, 2008 7:32am
Quoting karmostaji
I was being realistic because if he has a drawdown of 70% in 1 week, it means he is gambling with his account and in no time his account will blow up.

I'm always nice btw
But your words could easily be interpreted as being very negative and confrontational. If you have some concern of him running too much risk, give him a practical tips. Maybe you have not experienced huge drawdowns, but most of us have. When that happens, it doesn't help to have someone say things so cutting.
Expected the unexpected
  • #17,885
  • Aug 21, 2008 7:36am Aug 21, 2008 7:36am
Quoting scyang
But your words could easily be interpreted as being very negative and confrontational. If you have some concern of him running too much risk, give him a practical tips. Maybe you have not experienced huge drawdowns, but most of us have. When that happens, it doesn't help to have someone say things so cutting.
I have experienced many things in this market, anyways it's up to him if he wants to gamble his account or not.. I was just trying to wake him up so he wouldn't lose his account.
Trade what you see, not what you think.
  • #17,886
  • Aug 21, 2008 7:37am Aug 21, 2008 7:37am
Quoting Ya-Razzaq
My account down 70% for this week!
Last week i made alot of money..

Hopefully next week market will settle down.

I'm really sure you over laverage your account.
  • #17,887
  • Aug 21, 2008 7:40am Aug 21, 2008 7:40am
Quoting Ya-Razzaq
My account down 70% for this week!
Last week i made alot of money..

Hopefully next week market will settle down.

My advices is calculate your margin level before your enter the trade.
  • #17,888
  • Aug 21, 2008 7:40am Aug 21, 2008 7:40am
Good money management risks 1-2% per trade. 1% is recommended for new traders. Which means if your stop loss is hit then you lose 1-2%. That allows for the string of losses that might occur evenin successful trading.

If you're 70% down in 3 days and you're using good money management and stop losses, that means you have had between 35 and 70 trades allhit their stop losses with no winners. Which is impossible. So you're either overtrading to extreme levels with a deeply flawed system giving over 90% losers or you're using poor money management.

Either way you're treating it like a casino and living on borrowed time.
  • #17,889
  • Aug 21, 2008 7:43am Aug 21, 2008 7:43am
Quoting scyang
But your words could easily be interpreted as being very negative and confrontational. If you have some concern of him running too much risk, give him a practical tips. Maybe you have not experienced huge drawdowns, but most of us have. When that happens, it doesn't help to have someone say things so cutting.
With a sound money management policy you never even approach this level of drawdown. If you reach 30% drawdown then you close your live account and go back to demo until you've found a way to increase the expectancy of the way you trade. Then go live again with a replenished account.
  • #17,890
  • Aug 21, 2008 7:49am Aug 21, 2008 7:49am
Good MM is a must. Trading Style & method also a must.
Practise is must. Consistency is must. Patience is a must.

Overally is a MUST.

For 300USD trading nano. Trading Lot

1% = 3 USD nano can maximise SL 30pips.
2% = 6 USD nano can maximise SL 60pips or SL 30pips for 2 trade.

If use higher leverage

10% = 30USD mini can maximise SL 30pips.
20% = 60USD mini can maximise SL 60pips or SL 30pips for 2 trade.

Well depend on your startup Capital and what leverage u are playing.
Dont ever go for more lot for newbies. Losing is always because started winning.

REMEMBER, forex will see how long you can last not how much you can win.
Banker please return my pipins.
  • #17,891
  • Aug 21, 2008 7:52am Aug 21, 2008 7:52am
Oh GREAT

My LT GU is climbing higher at 73pips now....

Just gimme a good successful LT trade.
Banker please return my pipins.
  • #17,892
  • Aug 21, 2008 8:22am Aug 21, 2008 8:22am
wauuu i missed a lot of things today...what a market..missed my pips.
  • #17,893
  • Aug 21, 2008 8:35am Aug 21, 2008 8:35am
Quoting apies84
hai everyone.. good evening...

Just came back from holiday wif my family.. see wat happen to the market movement... wooow... Too many WHIPSAW that coz market moving pingpong... already lock my position.. so, just waiting for the right time to open it back...

and now, waiting for the news coming up at 10 pm...

hukhuk...still cannot open my lock.. better seat n watch the chart.. luckily i`m not open my lock before... if not..now i`m suffering loses...
the story is, i`ve lock my profit when i`m in vacation yesterday, i lock it with 12pip in green (make it hedge).. so now...market moving as bro sham said, 100 pip up n 100 pip down..dingdong... so, i just can see the market ranging...cannot do anything.. now i`m waiting its going down... the problem is, there is no signal for e/u to going down as oil price surging up and up...now 120++..some says its going to touch 122 by tomorrow..
any suggestion anyone???
  • #17,894
  • Aug 21, 2008 8:35am Aug 21, 2008 8:35am
Its look like GU giving reversal. Am i rite or not? Help me with this one plzz >.<
  • #17,895
  • Aug 21, 2008 8:38am Aug 21, 2008 8:38am
Quoting Babyboy
Good MM is a must. Trading Style & method also a must.
Practise is must. Consistency is must. Patience is a must.

Overally is a MUST.

For 300USD trading nano. Trading Lot

1% = 3 USD nano can maximise SL 30pips.
2% = 6 USD nano can maximise SL 60pips or SL 30pips for 2 trade.

If use higher leverage

10% = 30USD mini can maximise SL 30pips.
20% = 60USD mini can maximise SL 60pips or SL 30pips for 2 trade.

Well depend on your startup Capital and what leverage u are playing.
Dont ever go for more lot for newbies. Losing is always because started winning.

REMEMBER, forex will see how long you can last not how much you can win.
You`re right bro....
  • #17,896
  • Aug 21, 2008 8:56am Aug 21, 2008 8:56am
Quoting apies84
hukhuk...still cannot open my lock.. better seat n watch the chart.. luckily i`m not open my lock before... if not..now i`m suffering loses...
the story is, i`ve lock my profit when i`m in vacation yesterday, i lock it with 12pip in green (make it hedge).. so now...market moving as bro sham said, 100 pip up n 100 pip down..dingdong... so, i just can see the market ranging...cannot do anything.. now i`m waiting its going down... the problem is, there is no signal for e/u to going down as oil price surging up and up...now 120++..some says its going to touch 122 by tomorrow..
any suggestion anyone???
lock and unlock ? u mean hedge? dangerous it is...hmmm
  • #17,897
  • Aug 21, 2008 8:57am Aug 21, 2008 8:57am
Quoting spathi
wauuu i missed a lot of things today...what a market..missed my pips.
Br0,

No worry, market was good and yet alot of news. Havoc... There's always
tomorrow....

May the PIPS be with us every trading day.
Banker please return my pipins.
  • #17,898
  • Aug 21, 2008 8:58am Aug 21, 2008 8:58am
Quoting apies84
You`re right bro....
Gee I merely free, and help with some calculation. hehe
Banker please return my pipins.
  • #17,899
  • Aug 21, 2008 9:01am Aug 21, 2008 9:01am
Quoting mattranze
Its look like GU giving reversal. Am i rite or not? Help me with this one plzz >.<
There's alway up and down. Could be reversal or retracement.
Up to individual to justify... As for me, my entry in ... for LT SL130.
So I just wanna see result either gimme rainbow or pour me into hell.

Luckily still demo ... nothing to lose. But if you not confidence, see no touch.
There's always tomorrow.
Banker please return my pipins.
  • #17,900
  • Aug 21, 2008 9:03am Aug 21, 2008 9:03am
Quoting apies84
hukhuk...still cannot open my lock.. better seat n watch the chart.. luckily i`m not open my lock before... if not..now i`m suffering loses...
the story is, i`ve lock my profit when i`m in vacation yesterday, i lock it with 12pip in green (make it hedge).. so now...market moving as bro sham said, 100 pip up n 100 pip down..dingdong... so, i just can see the market ranging...cannot do anything.. now i`m waiting its going down... the problem is, there is no signal for e/u to going down as oil price surging up and up...now 120++..some says its going to touch 122 by tomorrow..
any suggestion anyone???
No worry, if you cant unlock tonite, make it tomorrow. Since u are making some greens with lock, definately covering your swap already.

So, watch closely for the unlocking button. If no confidence. UnLOCK ALL.

Banker please return my pipins.
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