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  • #87,501
  • Apr 20, 2009 1:17pm Apr 20, 2009 1:17pm
Quoting Jay Walker
That's the simplest yet hardest thing to do at the same time.

Remember, I'm not my post count, I'm not the 10v+, I'm not my avatar(s)

http://www.sfondideldesktop.com/Imag...-Herd-Full.Jpg
yeah i know bro..just telling him something i did some yrs back and it worked for and got me where i am 2day..i just make my analysis and correspond to what other traders are saying..
Imanuel Parsifal
  • #87,502
  • Apr 20, 2009 1:18pm Apr 20, 2009 1:18pm
Quoting Tenshi28
He said his stop loss is 3391, current price is 1.2920, that's nearly 500 pips in my math book.
....SL = 3391
Entry = 3269

3391 minus 3269 = 122 on my calculator. Get a new Math Book. Current price has nothing to do with it.

If price suddenly reversed and he did nothing about it and let it hit his SL, he would be OUT for negative 122 pips. Period.
FUBAR...
  • #87,503
  • Apr 20, 2009 1:19pm Apr 20, 2009 1:19pm
Quoting Tenshi28
Yeah, I rarely ever risk more than 2 or 3% of my account, but, again, if I allowed myself a 500 pip stop loss as an acceptable cutting point, I'd be losing way more than that percentage just because my account is small, simple arithmetic really.

Incidentally and now that you mention it, the maximizing gains part is one of the first things probably everybody learns in this business (let your profins run and all that), but I personally find it hard to execute precisely sometimes. You clearly don't want to exit a trade too early (common mistake)...

Don't beat yourself up over not maximizing gains. Any trade that ends up being BE or any profit whatsoever should be considered a win. When you can ride the wins out a while, that's just icing on the cake.
  • #87,504
  • Apr 20, 2009 1:24pm Apr 20, 2009 1:24pm
Quoting ak4x
....SL = 3391
Entry = 3269

3391 minus 3269 = 122 on my calculator. Get a new Math Book. Current price has nothing to do with it.

If price suddenly reversed and he did nothing about it and let it hit his SL, he would be OUT for negative 122 pips. Period.
Ding Ding Ding! We have a winner.

Exactly what I said. If it reversed right now, I'd be at a loss.

Next week, if all is well, my S/L will be at 1.3048...
Not all sins are created equal
  • #87,505
  • Apr 20, 2009 1:45pm Apr 20, 2009 1:45pm
....below 1.2922, it will probably go down. I'm not taking it, because I've had enough for the day.
Good Trading. (keep it simple).
  • #87,506
  • Apr 20, 2009 1:48pm Apr 20, 2009 1:48pm
Good evening everyone,

Hat intact and head in place. Lousy internet connection for $33 a day.

It will be morning by the time I refresh my web-page. Two days if someone decides to post a picture
The Thief of Wall Street
  • #87,507
  • Apr 20, 2009 1:49pm Apr 20, 2009 1:49pm
2009.04.20 21:24:41 MARKET TALK: At IMF, Pound May Be Focus Instead Of Yuan DJ Newswires
2009.04.20 20:12:07 =WSJ BLOG/Market Beat: Forex Movements Portend Weakness In Equities DJ Newswires
Imanuel Parsifal
  • #87,508
  • Apr 20, 2009 1:52pm Apr 20, 2009 1:52pm
Quoting Jasper
....below 1.2922, it will probably go down. I'm not taking it, because I've had enough for the day.
buy target 1.2961
Imanuel Parsifal
  • #87,509
  • Apr 20, 2009 1:53pm Apr 20, 2009 1:53pm
Quoting Chicky
Good evening everyone,

Hat intact and head in place. Lousy internet connection for $33 a day.

It will be morning by the time I refresh my web-page. Two days if someone decides to post a picture
You really shouldn't have said that.

$33/day. Mind asking me what country that is so I can avoid it?

Now, just because you said something about the picture...and to be a complete a$$ho!e, time for...

http://lh6.ggpht.com/_VaTKkTYQAQ4/Se...8/yourshit.jpg

http://lh6.ggpht.com/_VaTKkTYQAQ4/Se...2/Starwars.jpg

http://lh5.ggpht.com/_VaTKkTYQAQ4/Se...0/Serenity.jpg
Not all sins are created equal
  • #87,510
  • Apr 20, 2009 2:00pm Apr 20, 2009 2:00pm
Quoting sycho
buy target 1.2961
Just expecting a run down to 1.2884, and then??, but I'm only looking, not taking it. Have'nt the time to spend on it now.
Good Trading. (keep it simple).
  • #87,511
  • Apr 20, 2009 2:02pm Apr 20, 2009 2:02pm
Quoting Jay Walker
You really shouldn't have said that.

$33/day. Mind asking me what country that is so I can avoid it?

Now, just because you said something about the picture...and to be a complete a$$ho!e, time for...

http://lh6.ggpht.com/_VaTKkTYQAQ4/Se...8/yourshit.jpg

http://lh6.ggpht.com/_VaTKkTYQAQ4/Se...2/Starwars.jpg

http://lh5.ggpht.com/_VaTKkTYQAQ4/Se...0/Serenity.jpg
is that a picture of you walker
Imanuel Parsifal
  • #87,512
  • Apr 20, 2009 2:03pm Apr 20, 2009 2:03pm
Quoting sycho
is that a picture of you walker
LOL! Nope.
Not all sins are created equal
  • #87,513
  • Apr 20, 2009 2:07pm Apr 20, 2009 2:07pm
Quoting ak4x
....SL = 3391
Entry = 3269

3391 minus 3269 = 122 on my calculator. Get a new Math Book. Current price has nothing to do with it.

If price suddenly reversed and he did nothing about it and let it hit his SL, he would be OUT for negative 122 pips. Period.
You know what? I think I had a dead brain moment or something, you're obviously right.

Gonna go get me a new math book now.
  • #87,514
  • Apr 20, 2009 2:07pm Apr 20, 2009 2:07pm
Quoting Jasper
Just expecting a run down to 1.2884, and then??, but I'm only looking, not taking it. Have'nt the time to spend on it now.
samething for me just looking for now
Imanuel Parsifal
  • #87,515
  • Apr 20, 2009 2:21pm Apr 20, 2009 2:21pm
Quoting sycho
samething for me just looking for now
If a 5min bar were to close above 1.2939, I would consider the trade not a runner, if on the other hand a 5min bar were to close at or below 1.2921, I would take the trade (normally), but I won't, because I've had it for the day & I have to do other things.
Good Trading. (keep it simple).
  • #87,516
  • Apr 20, 2009 2:25pm Apr 20, 2009 2:25pm
Quoting Robby
Obama!!!!!!!!

Attachment

He will bankrupt everyone!!!!!!
you dont get it... your already bankrupt... and you have been since august..so are your grand kids....its just nobody told you...
those who can, do. those who cant, talk about those who can
  • #87,517
  • Apr 20, 2009 2:32pm Apr 20, 2009 2:32pm
Quoting Chicky
Good evening everyone,

Hat intact and head in place. Lousy internet connection for $33 a day.

It will be morning by the time I refresh my web-page. Two days if someone decides to post a picture
hope you did better swapping then you were gonna do long..
those who can, do. those who cant, talk about those who can
  • #87,518
  • Apr 20, 2009 2:35pm Apr 20, 2009 2:35pm
Quoting gatorinla
you dont get it... your already bankrupt... and you have been since august..so are your grand kids....its just nobody told you...
It's not nice to point out the truth!
Not all sins are created equal
  • #87,519
  • Apr 20, 2009 2:36pm Apr 20, 2009 2:36pm
Quoting Jay Walker
It's not nice to point out the truth!
must be the shiny beads..they fall for it every time.
those who can, do. those who cant, talk about those who can
  • #87,520
  • Apr 20, 2009 2:46pm Apr 20, 2009 2:46pm
Quoting gatorinla
must be the shiny beads..they fall for it every time.
http://img.photobucket.com/albums/v1...g?t=1240256744
Not all sins are created equal
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