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  • #112,701
  • Jun 19, 2009 12:02pm Jun 19, 2009 12:02pm
Quoting Patience
Because 95% of the traders just lost
Have read something like this it was 90% of the account closed after 6 month for the forex ... And it was brokers to say that
"I will walk before they make me run" K.Richards
  • #112,702
  • Jun 19, 2009 12:04pm Jun 19, 2009 12:04pm
Emtee, 6months is not considered experienced. I have been trading 2 yrs and still consider myself a newbie
  • #112,703
  • Jun 19, 2009 12:08pm Jun 19, 2009 12:08pm
Quoting vinesh2
fontu seems like you are over trading and try to revenge trade. Good luck

Fontu has made a shed load of pips today. He is on fire!
  • #112,704
  • Jun 19, 2009 12:08pm Jun 19, 2009 12:08pm
Stopped out of my position from 1.4005 @ 1.3970 ....done for the day, although i still have an auzzie short from .8100
  • #112,705
  • Jun 19, 2009 12:09pm Jun 19, 2009 12:09pm
"""""""""Emtee, 6months is not considered experienced. I have been trading 2 yrs and still consider myself a newbie"""""""
I am in trouble again!!
Hi Vinesh2
My reference to "experienced" was not in the context of trading skill but simply in regard to ample time to have noticed the phenomina I was talking about, namely the triple witching exhaustion of maybe 3 hours after the start of the NY session
  • #112,706
  • Jun 19, 2009 12:09pm Jun 19, 2009 12:09pm
Quoting vinesh2
fontu seems like you are over trading and try to revenge trade. Good luck
Yes , true but it worked perfectly . shorted 2 times and closed 1.3961 and one underway having sufficient profit to cover my long even if over 200pips loss . Again I still hope there will be time for longs again after 1 failure before down perhaps .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #112,707
  • Jun 19, 2009 12:10pm Jun 19, 2009 12:10pm
Quoting Atlast
That's worse than UK, germany, France and others, and twice as worse as the second largest economy in the world, Japan. Is the dollar going to get a plumetting? Doesn't matter how much they talk up the dollar as maintaining global statu, truth is as long as things get worse, the dollar will lose its status in time, and all that AAA rating is a load of bulloc**

Yep...like I said...we're in the s**t, soup kitchen sytle!

Quoting fontu
Yes , true but it worked perfectly . shorted 2 times and closed 1.3961 and one underway having sufficient profit to cover my long even if over 200pips loss . Again I still hope there will be time for longs again after 1 failure before down perhaps .
fontu

Oh...I thought you were making MAD pips.
  • #112,708
  • Jun 19, 2009 12:12pm Jun 19, 2009 12:12pm
As far as I know the only person who could be considered "experienced" would be Jimmy Hendrix. When you ask the rest of us it kinda depends on what day of the week it is

Cheers

Oh a big WHoo Hoo to me i broke 100 posts.....beers for everyone!!!!
  • #112,709
  • Jun 19, 2009 12:14pm Jun 19, 2009 12:14pm
sorry i was away for while...

i can see those who went away are back....


welcome back to my world of freedom
  • #112,710
  • Jun 19, 2009 12:15pm Jun 19, 2009 12:15pm
Quoting Jm4x
Have read something like this it was 90% of the account closed after 6 month for the forex ... And it was brokers to say that
Yes, I was only joking earlier btw. These figures have always been flying around - 90% or 95%. I'm sort of hoping these figures have decreased with forums like this around to help new traders. I guess it isn't something brokers like to advertise e.g. 90% of our clients lose their money within 6 months, come open an account with us and receive 10% bonus!
Nothing worth having is easy.
  • #112,711
  • Jun 19, 2009 12:18pm Jun 19, 2009 12:18pm
Quoting macockiner2
As far as I know the only person who could be considered "experienced" would be Jimmy Hendrix. When you ask the rest of us it kinda depends on what day of the week it is

Cheers

Oh a big WHoo Hoo to me i broke 100 posts.....beers for everyone!!!!
for Jimmy and for beers
"I will walk before they make me run" K.Richards
  • #112,712
  • Jun 19, 2009 12:18pm Jun 19, 2009 12:18pm
Quoting emtee
Hi
The first 3 hours of ny session was schizo IMO. Seems to have settled down. Does this typically mean that all the triple witching people are done for the day? Any comments from experienced traders would be appreciated
emtee
Not till up to the close of business
  • #112,713
  • Jun 19, 2009 12:19pm Jun 19, 2009 12:19pm
Quoting macockiner2
As far as I know the only person who could be considered "experienced" would be Jimmy Hendrix. When you ask the rest of us it kinda depends on what day of the week it is

Cheers

Oh a big WHoo Hoo to me i broke 100 posts.....beers for everyone!!!!
i will have a milk bottle...
  • #112,714
  • Jun 19, 2009 12:20pm Jun 19, 2009 12:20pm
Quoting Alihuzaifa
i can see those who went away are back....
Well you will still have to put up with me (aka the "ignorant" one)
Nothing worth having is easy.
  • #112,715
  • Jun 19, 2009 12:21pm Jun 19, 2009 12:21pm
Quoting macockiner2
As far as I know the only person who could be considered "experienced" would be Jimmy Hendrix.

That's so cool!
  • #112,716
  • Jun 19, 2009 12:21pm Jun 19, 2009 12:21pm
Quoting Patience
Yes, I was only joking earlier btw. These figures have always been flying around - 90% or 95%. I'm sort of hoping these figures have decreased with forums like this around to help new traders. I guess it isn't something brokers like to advertise e.g. 90% of our clients lose their money within 6 months, come open an account with us and receive 10% bonus!
Don't see why the figures would be decreased. A lot are part time traders, a lot are underfunded and a lot are trading with less than 2 years experience, and there's always been forums and newsletters, training courses, etc.
  • #112,717
  • Jun 19, 2009 12:23pm Jun 19, 2009 12:23pm
I took a LONG at 1.3975.....too early but held it as priced went to 1.3960.....looking for a re-test...hope your 4025 comes true Notch!

Atlast you missed it as you were looking for 1.3954...what are your plans still?
  • #112,718
  • Jun 19, 2009 12:23pm Jun 19, 2009 12:23pm
Quoting Patience
Well you will still have to put up with me (aka the "ignorant" one)
i was not talking about u...i donno who are u...my buddies are experts in thread opening loll
  • #112,719
  • Jun 19, 2009 12:24pm Jun 19, 2009 12:24pm
Quoting macockiner2
Cheers

Oh a big WHoo Hoo to me i broke 100 posts.....beers for everyone!!!!
What took you so long.
  • #112,720
  • Edited 1:10pm Jun 19, 2009 12:24pm | Edited 1:10pm
This latest price action has got me woried and thinking too.
But here are what i am pondering with:
Could it be that the big boys have not gotten enough in the net yet,i mean pump and dump.I am aware they know how most of our systems work and plenty say once your stop is hit,trade the opposite.then maybe they just cleared the Sl of the sellers and leave the buyers who's SL was hit earlier a bit circulorgically down wondering why they left the trade and would want to chase now.
And many have said 1.4xx is key resistance,now that it is broken would jump in with all the confidence in the world and won't even bother to put a stop and get pornished with an unexpected gap.
Really i have seen this manipulations so many times before and rushed to close a trade i would have made a killing in and left hitting my head against the wall.Sometimes it is in this situation's you are left thinking if your system is worth trusting.For me i would stick to it for now until i feel i can't take it anymore.
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