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  • #129,681
  • Aug 10, 2009 5:39am Aug 10, 2009 5:39am
nap time bbl
those who can, do. those who cant, talk about those who can
  • #129,682
  • Aug 10, 2009 5:40am Aug 10, 2009 5:40am
Quoting plan-b
Open chart, preferably...
Your trading will be completly stressless, when your accout is at zero!!
/ ... clarifying decisions ... /
  • #129,683
  • Aug 10, 2009 5:42am Aug 10, 2009 5:42am
Quoting Atlast
It will work sometimes, but in the end you'd end up losing. There is a strategy of this type of averaging down when it is planned in advance, but why bother to add to losers on a consistent basis. Why not add to winners on a consistent basis, that's how professionals do it.

I'm not saying you will not feel pain(as is the case with any system) but if you have read the trend well and use low leverage the account has a higher chance of survival and growth than when you trade both ways with high leverage especially for newbies.
Some drink at the fountain of knowledge. Others just gargle !
  • #129,684
  • Aug 10, 2009 5:49am Aug 10, 2009 5:49am
Quoting walb99
Your trading will be completly stressless, when your accout is at zero!!

Explain to me how my account will shrink to zero if i have entered long with 1 mini lot at 1.42 on a 10,000 account
And if price goes to 1.40(200 pips in the opposite direction) i'm still in long at 1.41 with 3 MINI lots

Again efforts should be put into determining direction and managing the trade once in WITH LOW LEVERAGE.
Some drink at the fountain of knowledge. Others just gargle !
  • #129,685
  • Aug 10, 2009 5:49am Aug 10, 2009 5:49am
Quoting gatorinla
for trading purpose consider wall mart as china..you will not go wrong. consider #2 copper as china. copper is up its a bubble..the spread between #1 and #2 copper is about .20$ this indicates china has slowed a bunch buying it. im not all in yet but i will be in with a strong drop..im looking for a better price to sell the peeks.. using a tight m/m... i can jump heavy on the train when/if it happens..
The way I see it: china is driving both commodity prices and dollar. It has built up a ton of surplus in those areas. Now, oil price manipulation are beyond it's reach, but because it has such large influence in 2 out of 3, it will use that to its advantage. Therefore, large oil demand deficit, tankers full, etc. lower oil, higher dollar. Higher dollar, china buys more to keep their currency favourable for exports, thus lowering dollar rates, then if commodity prices gets cheaper enough, china steps in and accumulates more, driving stock market lower, dollar appreciates, china is happy because its exchange rate is favourable, no need for any manipulation, then if it's too good news comes out favouring the dollar, china talks up the alternate global reserve, and buys euro, and so on, and so on, and in effect the only way for the dollar is down, controlled slide by China, whereby it end up as ultimate supplier of both dollar and commodities, not to mention that it's a given that oil will be replace in the future a non-carbon fuel soures becomes more viable. Now, the bast laid plans can go wrong, so what happens if dollar gains against the odds, well guess who has a ton of it.
  • #129,686
  • Aug 10, 2009 5:52am Aug 10, 2009 5:52am
Quoting plan-b
Explain to me how my account will shrink to zero if i have entered long with 1 mini lot at 1.42 on a 10,000 account
And if price goes to 1.40(200 pips in the opposite direction) i'm still in long at 1.41 with 3 MINI lots

Again efforts should be put into determining direction and managing the trade once in WITH LOW LEVERAGE.
If you have entered long at 1.42, and you end up at 1.40, as you suggest. I would think that you need MUCH more effort in determining direction, because you were WAY wrong, and should have reversed your position a long time ago.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #129,687
  • Aug 10, 2009 5:52am Aug 10, 2009 5:52am
Quoting plan-b
I'm not saying you will not feel pain(as is the case with any system) but if you have read the trend well and use low leverage the account has a higher chance of survival and growth than when you trade both ways with high leverage especially for newbies.
Yes, but the idea is not low leverage making the system work, since you shouldn't be using high leverage in any system, unless you have some inside information.Why not use the same leverage to get more when you are right and lose less when you are wrong.
  • #129,688
  • Aug 10, 2009 6:05am Aug 10, 2009 6:05am
Quoting Atlast
The way I see it: china is driving both commodity prices and dollar. It has built up a ton of surplus in those areas. Now, oil price manipulation are beyond it's reach, but because it has such large influence in 2 out of 3, it will use that to its advantage. Therefore, large oil demand deficit, tankers full, etc. lower oil, higher dollar. Higher dollar, china buys more to keep their currency favourable for exports, thus lowering dollar rates, then if commodity prices gets cheaper enough, china steps in and accumulates more, driving stock market...

AtLast,

I got confused , you mean china is driving the usd up or down ?
  • #129,689
  • Aug 10, 2009 6:07am Aug 10, 2009 6:07am
Get used to this boring PA. Don't reckon anything will happen til at least Wednesday.

We may drift up or down in the meantime, but its a scalpers market at the moment. Lots of silly spikes and stop hunting when theres not much news.

Dazzer

  • #129,690
  • Aug 10, 2009 6:11am Aug 10, 2009 6:11am
still ranging we are
  • #129,691
  • Aug 10, 2009 6:13am Aug 10, 2009 6:13am
Quoting trading801
still ranging we are
Wheres Gator to post some scenes of beastiality when you need him?
  • #129,692
  • Aug 10, 2009 6:13am Aug 10, 2009 6:13am
Hi everyone, hows trading today? I closed my bullish position from last friday about 5 hours ago, and been finding it unpredictable since then.... having said that though, it looks like we may have MACD divergence on the 5M graph.
  • #129,693
  • Aug 10, 2009 6:17am Aug 10, 2009 6:17am
Quoting realjumper
If you have entered long at 1.42, and you end up at 1.40, as you suggest. I would think that you need MUCH more effort in determining direction, because you were WAY wrong, and should have reversed your position a long time ago.
I gave an example of WHEN price goes against you, that does not mean it will especially if you are on the right direction..I went long hours ago at 1.42 and so far so good, but since its a small position relative to my account and 200 pip movements are common place this days i will rest easy at night which is more than i can say for many traders.

If it goes to 1.43 that's 1% stress free profit
Some drink at the fountain of knowledge. Others just gargle !
  • #129,694
  • Aug 10, 2009 6:17am Aug 10, 2009 6:17am
Quoting SWTRADE
Hi everyone, hows trading today? I closed my bullish position from last friday about 5 hours ago, and been finding it unpredictable since then.... having said that though, it looks like we may have MACD divergence on the 5M graph.

Good morning SWTrade. Narrow range today, like there's no more news to push price around. I'd like to see a run to daily pivot of 1.4245, so it can re-calibrate.

Have a good trading week.
Up or down, gimme a ticket
  • #129,695
  • Aug 10, 2009 6:19am Aug 10, 2009 6:19am
toshi back test results are>>>
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  • #129,696
  • Aug 10, 2009 6:20am Aug 10, 2009 6:20am
Quoting SWTRADE
Hi everyone, hows trading today? I closed my bullish position from last friday about 5 hours ago, and been finding it unpredictable since then.... having said that though, it looks like we may have MACD divergence on the 5M graph.
Hi, I can't trade this sort of PA to save my life.....so I'll just watch and wait!! Good luck to those that can trade this though
Doing what you like is Freedom. Liking what you do is Happiness.
  • #129,697
  • Aug 10, 2009 6:21am Aug 10, 2009 6:21am
Quoting fontu
double top in oil , not yet observed any.and the set up developing again at a higher level is apprently bullish in nature.

fontu
meant intra with crude double top'ish.... and it dropped but I would love to see a drop under 70 before I go to bed...
  • #129,698
  • Aug 10, 2009 6:24am Aug 10, 2009 6:24am
Quoting VinzZ
Larseg, I though I had that side with those sell/buy signals somewhere in my favs, but couldn't find me anymore. Can you help me with the URL?
yes, go to forexpros website

Not sure if I can place a link here?
  • #129,699
  • Aug 10, 2009 6:27am Aug 10, 2009 6:27am
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  • #129,700
  • Aug 10, 2009 6:29am Aug 10, 2009 6:29am
Quoting SpecialEd
Good morning SWTrade. Narrow range today, like there's no more news to push price around. I'd like to see a run to daily pivot of 1.4245, so it can re-calibrate.

Have a good trading week.

Morning. Thanks for that, I think you might have the right approach. I am more bullish than bearish at the moment, but I feel uneasy about trading at the moment, i'd like to see how trading pans out over the next few hours before i put my money in.

Quoting realjumper
Hi, I can't trade this sort of PA to save my life.....so I'll just watch and wait!! Good luck to those that can trade this though
I know what you mean! I'm sure it can be traded, but because we all generally concentrate on turning points and price projections, we tend to get stumped in these types of movements. Consoladations will be next on my list of things to research!!
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