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  • #86,781
  • Apr 17, 2009 2:18pm Apr 17, 2009 2:18pm
Quoting F.x.
Neither will an empty account... just sayin...

You'd be surprised how much money you can make by placing smaller trades... the amount you actually keep in the end by doing that is astounding...

My returns at least doubled when I cut my standard position size by about 75%...
i know the feeling.. only time can teach this..and blown account or 2
those who can, do. those who cant, talk about those who can
  • #86,782
  • Apr 17, 2009 2:21pm Apr 17, 2009 2:21pm
Quoting F.x.
Neither will an empty account... just sayin...

You'd be surprised how much money you can make by placing smaller trades... the amount you actually keep in the end by doing that is astounding...

My returns at least doubled when I cut my standard position size by about 75%...

$1 per point, I class as barely worth my time so no really never going to go below, although I did ask FXCM to move me to less to be sure but the UK FXCM can't do that.

I was trading at $2 per pip today ( Me CRAZY ), so back to $1 again till accounts got back a buffer zone
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #86,783
  • Apr 17, 2009 2:22pm Apr 17, 2009 2:22pm
Quoting MackS10
The pattern is ready for a breakout to the top, as it looks like a bullish flag formation on the daily chart. Will be looking for long opps next week!
Again Bullish Flags.

I hear that also when price was around 1.3500, where we are now?

Longs here only for scalps and even that with current PA, I doubt it!
  • #86,784
  • Apr 17, 2009 2:29pm Apr 17, 2009 2:29pm
Quoting Turveyd
$1 per point, I class as barely worth my time so no really never going to go below, although I did ask FXCM to move me to less to be sure but the UK FXCM can't do that.

I was trading at $2 per pip today ( Me CRAZY ), so back to $1 again till accounts got back a buffer zone
heres a tought.. for every dollar lost it takes 2 to get it back.. in percentage wise,, you need to make 200% just to break even.. this alone can sink anyone..
those who can, do. those who cant, talk about those who can
  • #86,785
  • Edited 2:34pm Apr 17, 2009 2:31pm | Edited 2:34pm
Quoting gatorinla
i know the feeling.. only time can teach this..and blown account or 2
Cutting also the number of trades by 75% may help. I do not promote this for everyone, but I like to remain at side-lines more time than in trades. What is the point in entering or remaining in trades when there is no visible opportunity?
The Thief of Wall Street
  • #86,786
  • Apr 17, 2009 2:32pm Apr 17, 2009 2:32pm
Quoting MackS10
Before you add longs please take 5 minutes and look at the weekly bar closing today. It looks very bearish and thats just one of the reasons to look for a breakout of the pattern first, as being safe is better in forex or in any other market you trade.
Thanks. No doubt we could drop even a lot from here...

I don't watch bars.


Quoting gatorinla
only time can teach this..and blown account or 2
How did you know?


Quoting Turveyd
$1 per point, I class as barely worth my time so no really never going to go below, although I did ask FXCM to move me to less to be sure but the UK FXCM can't do that.

I was trading at $2 per pip today ( Me CRAZY ), so back to $1 again till accounts got back a buffer zone
Well... just take what you can do w/ a $100 account and multiply that by whatever number you want and you could be doing the same thing w/ the larger account. It's all the same, just a few zeros on the end... But if you take the "slow but sure" method you might find your $100 grows to an account that can actually bring you some spending money before too long...
  • #86,787
  • Apr 17, 2009 2:32pm Apr 17, 2009 2:32pm
Quoting BoredToLoose
Again Bullish Flags.

I hear that also when price was around 1.3500, where we are now?

Longs here only for scalps and even that with current PA, I doubt it!
try your luck..and see where it lands you...plzz give me some of those pips
Imanuel Parsifal
  • #86,788
  • Apr 17, 2009 2:34pm Apr 17, 2009 2:34pm
This is getting to be the best trading day of all week... on all fronts
Traders are smartasses
  • #86,789
  • Apr 17, 2009 2:36pm Apr 17, 2009 2:36pm
Quoting gatorinla
heres a tought.. for every dollar lost it takes 2 to get it back.. in percentage wise,, you need to make 200% just to break even.. this alone can sink anyone..
Thats in Stock Trading land, 50% slap needed 100% the maths alone where nasty in that way, But I still trade the same amount as long as I can still do it Margin wise ofcourse. 20pip loss is fixed with a 20pip game, ofcourse a 20pip loss only needs 17pips of movement and the gain needs 23pips of movement, thats where the odds are against you.

As Chicky says, what's the point, you've GOT TO Take Risks, if your going to aim for the big bucks, I have a deadline 2 - 3 Months TOPS to start taking £1000 per month outta this, so I can add £100 or 2 if needs be ( Sure as hell hope not to have to ), but Max Effort to achieving this.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #86,790
  • Apr 17, 2009 2:39pm Apr 17, 2009 2:39pm
FX, although a down day I'm still up on the last 5weeks since I started re trading, I had 6months off so it's all going to plan ish.

At 1 Stage I was up 1/2 my required wage this week

Expecting better performance next week, but time will tell!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #86,791
  • Apr 17, 2009 2:40pm Apr 17, 2009 2:40pm
Quoting Chicky
Cutting also the number of traders by 75% may help. I do not promote this for everyone, but I like to remain at side-lines more time than in trades. What is the point of entering or remaining in trades when there is no visible opportunity?
i like daily ot weekly fibs like s3 or r3... place the entry on the countrend side and risk 10% of the amount between the trend lines...if trend resumes your in the money..r/r is good.. take 50 off table when 50% through trend.. put sl to be + 5... then if big trend resumes your more in the money...
those who can, do. those who cant, talk about those who can
  • #86,792
  • Edited 2:47pm Apr 17, 2009 2:42pm | Edited 2:47pm
Quoting Turveyd
....you've GOT TO Take Risks, if your going to aim for the big bucks,
You can always steal a chick, but have to enter a lion's den in order to steal her cub.

This line differentiates winners from losers.

There is no other way. Nothing is free.

ps. Order balls of steel from Jay Walker
The Thief of Wall Street
  • #86,793
  • Apr 17, 2009 2:44pm Apr 17, 2009 2:44pm
Quoting Turveyd
Thats in Stock Trading land, 50% slap needed 100% the maths alone where nasty in that way, But I still trade the same amount as long as I can still do it Margin wise ofcourse. 20pip loss is fixed with a 20pip game, ofcourse a 20pip loss only needs 17pips of movement and the gain needs 23pips of movement, thats where the odds are against you.

As Chicky says, what's the point, you've GOT TO Take Risks, if your going to aim for the big bucks, I have a deadline 2 - 3 Months TOPS to start taking £1000 per month outta this, so I can add £100 or 2 if...
good luck.. it was nice knowing you..
those who can, do. those who cant, talk about those who can
  • #86,794
  • Apr 17, 2009 2:47pm Apr 17, 2009 2:47pm
Here is a target!

The way it will reach there is unknown, but only 3 trading days!

If we see some levels I will tell next Monday, so that target will not be reachable.

Ok, last post this week and GL and nice weekend to all!

Not bad for free service!
You guys are really lucky guys!
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  • #86,795
  • Apr 17, 2009 2:48pm Apr 17, 2009 2:48pm
Quoting gatorinla
good luck.. it was nice knowing you..

Thanks Man, I'm going to NEED IT!!!

The 2 - 3 Month thing is outta my control, I have a little bit of work on, some outstanding invoices and it's best to plan for the worst which is no new work or income.

Thats the State of the UK sadly 15years never had it this bad before
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #86,796
  • Edited 3:04pm Apr 17, 2009 2:50pm | Edited 3:04pm
Quoting gatorinla
i like daily ot weekly fibs like s3 or r3... place the entry on the countrend side and risk 10% of the amount between the trend lines...if trend resumes your in the money..r/r is good.. take 50 off table when 50% through trend.. put sl to be + 5... then if big trend resumes your more in the money...
Utimate aim is the same for both of us. I go from one major range (or strong support / resistance) to another, bypassing all the fibs. End to End or the End is the game for me.

Example: I have added longs from 1.3200 to 1.3040, with average just below 1.3100. Stoploss 1.2940. It will either stop me out at 1.2940 or give me profit near 1.3500. I will take some profit off the table at 1.3200.
The Thief of Wall Street
  • #86,797
  • Apr 17, 2009 2:56pm Apr 17, 2009 2:56pm
Quoting F.x.
Thanks. No doubt we could drop even a lot from here...

I don't watch bars.




How did you know?




Well... just take what you can do w/ a $100 account and multiply that by whatever number you want and you could be doing the same thing w/ the larger account. It's all the same, just a few zeros on the end... But if you take the "slow but sure" method you might find your $100 grows to an account that can actually bring you some spending money before too long...
its written in your post.. some touch a hot stove and get burned once. some it takes many time.. forex is the new gold rush fever.. soon some doctor will be on oprah talking about this new disease.. doing the same failed thing and expecting a different result.. its no different then gambling.. if you have to trade you already lost.. i should at least get naming rights to new disease. imfuo
those who can, do. those who cant, talk about those who can
  • #86,798
  • Apr 17, 2009 3:08pm Apr 17, 2009 3:08pm
Quoting gatorinla
its written in your post.. some touch a hot stove and get burned once. some it takes many time.. forex is the new gold rush fever.. soon some doctor will be on oprah talking about this new disease.. doing the same failed thing and expecting a different result.. its no different then gambling.. if you have to trade you already lost.. i should at least get naming rights to new disease. imfuo

I would just like to point out, I'm not in any way or shape or form doing what everyone else is doing and expecting different results.

Infact there is no one else on this entire site trading like I trade, which is interesting and if you factor in 98% are losing I'm SORTED
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #86,799
  • Apr 17, 2009 3:08pm Apr 17, 2009 3:08pm
Quoting Chicky
Utimate aim is the same for both of us. I go from one major range (or strong support / resistance) to another, bypassing all the fibs. End to End or the End is the game for me.

Example: I have add longs from 1.3200 to 1.3040, with average just below 1.3100. Stoploss 1.2940. It will either stop me out at 1.2940 or give me profit near 1.3500. I will take some profit off the table at 1.3200.
buy your time.. something big should happen soon..i was down yesterday about -1% reversed some trades up today 2.5% 2% banked the rest floating.. im up to 1/5 positions today..still early for me so i scalped eu and gu today..got re-entrys set for both short..and hoping to hold them both months..
those who can, do. those who cant, talk about those who can
  • #86,800
  • Apr 17, 2009 3:12pm Apr 17, 2009 3:12pm
Quoting gatorinla
buy your time.. something big should happen soon..i was down yesterday about -1% reversed some trades up today 2.5% 2% banked the rest floating.. im up to 1/5 positions today..still early for me so i scalped eu and gu today..got re-entrys set for both short..and hoping to hold them both months..
u saying that this would go down for a month?
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