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EURUSD

  • #25,121
  • Aug 28, 2008 7:28am Aug 28, 2008 7:28am
Com'on down...down...down
  • #25,122
  • Aug 28, 2008 7:31am Aug 28, 2008 7:31am
Bad Trading Day For Me
  • #25,123
  • Aug 28, 2008 7:33am Aug 28, 2008 7:33am
Quoting emmyi29
Bad Trading Day For Me
me too! I think it's time to pull the plug in the boat out and let it sink for today!!!
  • #25,124
  • Aug 28, 2008 7:37am Aug 28, 2008 7:37am
Quoting kamala
me too! I think it's time to pull the plug in the boat out and let it sink for today!!!

kamala and oolide.. since it was such bad day, my opinion is once the prices moves down a fair bit, it is important to start to adjust your SL to lock in profits... it is better to earn lesser than to pay out.. ya...

do let me know if you dont need my comments.. i will shut up.. i am just concerned... sorry to the rest for my excessive posting..
  • #25,125
  • Aug 28, 2008 7:37am Aug 28, 2008 7:37am
Quoting trading801
he has a point too! oolide in short, some pple are good at trades, they can afford to risk perhaps a little more.. some pple like me are not that good, we have more SL to sustain but at the same time, we LOWER our lots size to fit our margin size.. you need to have one of these i humbly feel.. plus patience, discipline etc.. if you read earlier posts, i was happily clicking losing $ but now i slow down a little.. if i insist in shorting for example and get taken out.. i humbly wait for it to go up even higher and re - short..

nutshell, for money management, if you risk say 1% of your capital each time, you have 100 chances.

if you risk 10% each time, only 10 chances..

i used to risk like 25% LOL ( Mr Margin called me )

my humble opinions
thanks you all for your advice and hope you are all grabbing those pips
  • #25,126
  • Aug 28, 2008 7:39am Aug 28, 2008 7:39am
4 H chart definitely pointing south...
  • #25,127
  • Aug 28, 2008 7:39am Aug 28, 2008 7:39am
Quoting oolides
thanks you all for your advice and hope you are all grabbing those pips

i am.. adjusting my SL to lock in profits too.. i am glad it turned out better for you..

pls study for exam more ok ? education is one of the BEST investment
  • #25,128
  • Aug 28, 2008 7:41am Aug 28, 2008 7:41am
i just lost 50 pips.

It has now triggered one of my short limit orders. Will see how i go now.

It wiped out my entire days gain.

I should have cancelled my limit order for long when it hit the 47262 level.

Ohh well, live and learn.
  • #25,129
  • Aug 28, 2008 7:41am Aug 28, 2008 7:41am
Quoting trading801
kamala and oolide.. since it was such bad day, my opinion is once the prices moves down a fair bit, it is important to start to adjust your SL to lock in profits... it is better to earn lesser than to pay out.. ya...

do let me know if you dont need my comments.. i will shut up.. i am just concerned... sorry to the rest for my excessive posting..
hey thanks for the heads up.i enjoy your posts.keep them coming.
  • #25,130
  • Aug 28, 2008 7:42am Aug 28, 2008 7:42am
Quoting trading801
kamala and oolide.. since it was such bad day, my opinion is once the prices moves down a fair bit, it is important to start to adjust your SL to lock in profits... it is better to earn lesser than to pay out.. ya...

do let me know if you dont need my comments.. i will shut up.. i am just concerned... sorry to the rest for my excessive posting..
relax lah..bro...

sonic
  • #25,131
  • Aug 28, 2008 7:43am Aug 28, 2008 7:43am
Quoting kamala
me too! I think it's time to pull the plug in the boat out and let it sink for today!!!
I just bought a book "Trade Your Way To Financial Freedom" by Van K Tharp.
It was recommended by someone in this Forum.
Read chapter 1 and think it's a very good book. I wish I bought that when I first started trading. Lots of good advise.
Guys worth spending some extra money on this book to learn. It will definately pay you off in the long run.
Good books hard to get these days.
{Promotion Removed}
  • #25,132
  • Aug 28, 2008 7:44am Aug 28, 2008 7:44am
Quoting trading801
kamala and oolide.. since it was such bad day, my opinion is once the prices moves down a fair bit, it is important to start to adjust your SL to lock in profits... it is better to earn lesser than to pay out.. ya...

do let me know if you dont need my comments.. i will shut up.. i am just concerned... sorry to the rest for my excessive posting..
No not at all, any advice that can be givien would be well accepted here. I'm still new and comments on any of my posts will be taken into consideration wether i like or not. other than that i have nothing to lose but money! and let's hope that does not happen.

thank you trader 801

regards
Derek
  • #25,133
  • Aug 28, 2008 7:47am Aug 28, 2008 7:47am
Quoting sonicdeejay
relax lah..bro...

sonic
heee i am just worried i will be disliked by many like MR W.
  • #25,134
  • Aug 28, 2008 7:47am Aug 28, 2008 7:47am
I think tomorrow's trading is going to be a lot like the last couple of hours.

Chop-chop. First this way, then the other way.
  • #25,135
  • Aug 28, 2008 7:47am Aug 28, 2008 7:47am
Quoting atif
I just bought a book "Trade Your Way To Financial Freedom" by Van K Tharp.
It was recommended by someone in this Forum.
Read chapter 1 and think it's a very good book. I wish I bought that when I first started trading. Lots of good advise.
Guys worth spending some extra money on this book to learn. It will definately pay you off in the long run.
Good books hard to get these days.
what is it about can you give a bit of insight pls? Is this book about technical analysis? What?
  • #25,136
  • Aug 28, 2008 7:48am Aug 28, 2008 7:48am
this seems good.anyone with any idea of how many pips on the table.
  • #25,137
  • Aug 28, 2008 7:48am Aug 28, 2008 7:48am
Quoting trading801
heee i am just worried i will be disliked by many like MR W.
No way. Besides there is no one like Dubya I mean Bruce. Thank god.
  • #25,138
  • Aug 28, 2008 7:53am Aug 28, 2008 7:53am
Quoting bksujal
what is it about can you give a bit of insight pls? Is this book about technical analysis? What?
It's about how to plan a trade, take a position, understand the market, Risk Management ext.
Go to Amazon.com to read more about this book.
I am not selling anything. Just trying to help newbies.
{Promotion Removed}
  • #25,139
  • Aug 28, 2008 7:54am Aug 28, 2008 7:54am
Quoting SunTrader
I think tomorrow's trading is going to be a lot like the last couple of hours.

Chop-chop. First this way, then the other way.
suntrader i hope not.. i fare worst in such conditions.. still have not learned this skill
  • #25,140
  • Aug 28, 2008 7:54am Aug 28, 2008 7:54am
Quoting SunTrader
I think tomorrow's trading is going to be a lot like the last couple of hours.

Chop-chop. First this way, then the other way.
If that is the case then I'm better off not trading during those periods.

I don't have a good system for trading ranges yet.

It's funny when you lost 50pips. You feel like getting them all back straight away. Well, I'm not going to fall for that. I'm going to sleep, lol.
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