DislikedAnd people keep buying dollars? Clearly fundamentals are not an issue...yet.Ignored
As Oil is going down USD will go up as well i think no metter what are fundamentals.
But we will see.Looking forward to see what will tomorrow bring
- #41,944
- Oct 27, 2008 12:01pm Oct 27, 2008 12:01pm
Well I tried one more trade using Fibonacci levels.
Went short at 1.2497.
And just my luck, it desiced to blow through 1.25 and keep gong.
Unbelievable. Down $600 today alone!
back to the demo account for me for a while, lost too much real money.
To any newbies reading this - demo first til you know what you are doing!!!
Im pissed off with myself right now, but hey I dont control the market.
Click on attachment up there by the page numbers, find FXI_PIVOTS for MT4, put that in your chart with Fibs, and trade. When market is this fuzzy, you have to stay out. Don't push your luck too many times.
- #41,945
- Oct 27, 2008 12:06pm Oct 27, 2008 12:06pm
- | Joined Sep 2008 | Status: Major Tom is a junkie | 161 Posts
Click on attachment up there by the page numbers, find FXI_PIVOTS for MT4, put that in your chart with Fibs, and trade. When market is this fuzzy, you have to stay out. Don't push your luck too many times.
Coukdnt find the attachment, there is like 1000 files there.
And isnt MT4 a specific platform?
I use Dealbook 360 , can I use the FXI-PIVOTS on this platform?
- #41,946
- Oct 27, 2008 12:08pm Oct 27, 2008 12:08pm
- Joined Oct 2008 | Status: Let the market come to you | 2,670 Posts
Now its up to almost 1.2550.
If only I went long.
How could anyone see it coming?
Why did it blow through 1.25 and keep going?
Any tips on where I stuffed up would be appreciated. Thanks.
- #41,949
- Oct 27, 2008 12:50pm Oct 27, 2008 12:50pm
Coukdnt find the attachment, there is like 1000 files there.
And isnt MT4 a specific platform?
I use Dealbook 360 , can I use the FXI-PIVOTS on this platform?
Yes, it is MT4 specific indicator. If you're not using MT4, then add in these points in your charts yourself.
The daily points from this website
http://www.actionforex.com/technical...3205734/#daily
Thanks ak4x for this website
, if I don't have access to mt4, I use this. There might be few pips difference between the indicator and the website.Or visit Acumen's website http://www.thefxpivotpoint.com/Index.htm
and find indicator there, and watch and learn.
- #41,950
- Oct 27, 2008 12:51pm Oct 27, 2008 12:51pm
Well I tried one more trade using Fibonacci levels.
Went short at 1.2497.
And just my luck, it desiced to blow through 1.25 and keep gong.
Unbelievable. Down $600 today alone!
back to the demo account for me for a while, lost too much real money.
To any newbies reading this - demo first til you know what you are doing!!!
Im pissed off with myself right now, but hey I dont control the market.
- #41,952
- Oct 27, 2008 12:59pm Oct 27, 2008 12:59pm
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
FUBAR...
- #41,953
- Oct 27, 2008 1:06pm Oct 27, 2008 1:06pm
- Joined Aug 2008 | Status: Sharpen the Scalper Razor | 4,704 Posts
The only people who do well in Forex are the lucky ones.
And luck never lasts forever
Edit - I do wish everyone great luck of course
whatever they can, less themselves.
How long time you studied FX?
How long time did you practice?
How much you spent in education?
This is a profession and you don’t learn it in two weeks, thousands of screen hours are necessary to know just the basics, experience will come within the years.
Would you call a doctor that successfully made a operation on an open heard lucky?
No. he studied and practiced many years to do it and the luck factor is almost cero.
There is no such thing than opening a 1k account and being millionaire in half a year.
An average winning rate of monthly 10 to 20% over equity with properly MM is normal for a good trader so ask yourself how much you want to gain monthly and calculate how much capital you will need.
Without good education and enough experience you need a lot of luck in this business, it’s like flipping a coin.
