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  • #181
  • Sep 15, 2009 2:55pm Sep 15, 2009 2:55pm
Quoting forexlion
nice PA action
Hello Forex Lion Sir,
I am also from INDIA ( new delhi ) !

Please help me out , i sold EUR/GBP at 0.8810 and i dont know why the GBP is not growing , its going down day by day ! whats the reason ?

Please help me , i am in big trouble , because my margin level is low , and available margin% is 185% ( 0.8892 ) at the moment !

( I am really crying ) !
  • #182
  • Sep 15, 2009 3:46pm Sep 15, 2009 3:46pm
Quoting nikhiljazz
Hello Forex Lion Sir,
I am also from INDIA ( new delhi ) !

Please help me out , i sold EUR/GBP at 0.8810 and i dont know why the GBP is not growing , its going down day by day ! whats the reason ?

Please help me , i am in big trouble , because my margin level is low , and available margin% is 185% ( 0.8892 ) at the moment !

( I am really crying ) !

the worst thing in forex is to get married to the trade, you should know when to divorce the lady

if the loss crosses 2 times the spread you must not hold the position
  • #183
  • Sep 16, 2009 1:33am Sep 16, 2009 1:33am
Hi FXlion,
just wanted to check with u, do u trade longer time frames (daily charts)?
keeping the trade open for a few weeks, to ride the trend.
  • #184
  • Sep 16, 2009 2:16am Sep 16, 2009 2:16am
Quoting anika123
Hi FXlion,
just wanted to check with u, do u trade longer time frames (daily charts)?
keeping the trade open for a few weeks, to ride the trend.
anika, i prefer to day trade, cause on longer term, profits are less compared to smaller time frames.

on a 1 min chart with careful entry and exit i could collect 10 to 20 times more profit than on a daily or a weekly chart.

but then, on 1 min chart, i will not use the same lot size i could safely use on daily or weekly charts.
  • #185
  • Sep 16, 2009 2:17am Sep 16, 2009 2:17am
if this trend holds

then GJ is just about to begin a journey to hell

trade safe
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj.gif Size: 15 KB
Click to Enlarge Name: gj2.gif Size: 20 KB
  • #186
  • Sep 16, 2009 2:44am Sep 16, 2009 2:44am
Quoting anika123
Hi FXlion,
just wanted to check with u, do u trade longer time frames (daily charts)?
keeping the trade open for a few weeks, to ride the trend.
for example

if eurusd is currently in an upswing on higher time frames, i would be hunting bottoms on 1 min charts, and never short against the main trend.
  • #187
  • Sep 16, 2009 2:59am Sep 16, 2009 2:59am
Quoting forexlion
for example

if eurusd is currently in an upswing on higher time frames, i would be hunting bottoms on 1 min charts, and never short against the main trend.
4 candles in a row, to show the down strength has weakened, and boom it goes up again

so the essence of PA reading is that you should be able to figure out accurately where the strength has finished

all indicators work because of candle formation

so if you learn the candles itself, you do not need the indicators.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 20 KB
  • #188
  • Sep 16, 2009 3:02am Sep 16, 2009 3:02am
Quoting forexlion
4 candles in a row, to show the down strength has weakened, and boom it goes up again

so the essence of PA reading is that you should be able to figure out accurately where the strength has finished

all indicators work because of candle formation

so if you learn the candles itself, you do not need the indicators.
again

here the strength for going up has finished

so i will wait to hunt another bottom
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 20 KB
  • #189
  • Sep 16, 2009 3:47am Sep 16, 2009 3:47am
Quoting forexlion
if this trend holds

then GJ is just about to begin a journey to hell

trade safe
Timberrrrrrrrrrrrrrrr !!!
  • #190
  • Sep 16, 2009 4:18am Sep 16, 2009 4:18am
Quoting forexlion
the worst thing in forex is to get married to the trade, you should know when to divorce the lady

if the loss crosses 2 times the spread you must not hold the position
thanks for the suggestion !

But I Lost my money !
Even i lost more than i deposited !
I lost $857 in this trade and account bal is -$8 !

Now i ll trade in a demo account , and i ll learn forex again !
  • #191
  • Sep 16, 2009 5:31am Sep 16, 2009 5:31am
Quoting nikhiljazz
thanks for the suggestion !

But I Lost my money !
Even i lost more than i deposited !
I lost $857 in this trade and account bal is -$8 !

Now i ll trade in a demo account , and i ll learn forex again !
you should never hold a loosing position with a hope it will turn green again

second you should keep a margin of atleast 2000 pips when deciding on lot size to be used in a trade.

if you trade with a margin of just 100 pips u already lost before you begin.
  • #192
  • Sep 16, 2009 9:23am Sep 16, 2009 9:23am
Quoting PipsRider
Hi Forexlion i wonder why you have -75 while i have -327 in the bottom of my chart ? and during the time you had -75 my tail indi was at around zero line !
is it possible to be specific setting in the fixed minimum and maximun ? Thanks

Luk
oooooooooooppppssss

well i just downloaded the archive from post #1 and rechecked it

you were right, i attached the wrong indi by error.

i have updated post #1 with the correct one.
  • #193
  • Sep 16, 2009 9:27am Sep 16, 2009 9:27am
i was comparing the stoch indi with the tail indi

the stoch has the potential to wipe out the account with fake signals

while the tail gives a better trade
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 14 KB
  • #194
  • Edited 10:41am Sep 16, 2009 10:11am | Edited 10:41am
Quoting forexlion
i was comparing the stoch indi with the tail indi

the stoch has the potential to wipe out the account with fake signals

while the tail gives a better trade
Ya. I could never trust most of the oscillators. Thanks for the tips on stop loss. Curious about your calc on that. You were saying 2 times the spread should be your stop loss. Even with 9 or 8 pips normal spread in gj that is too tight of a stop even if you are trading in 1M. How do you manage that? What is your normal TP in 1M for gbp/jpy? 10 or 20 pips? Do you trim the position or just get out when fixed tp is hit?

Thanks again for your tips on price action.
  • #195
  • Sep 16, 2009 12:50pm Sep 16, 2009 12:50pm
Quoting IKent
Ya. I could never trust most of the oscillators. Thanks for the tips on stop loss. Curious about your calc on that. You were saying 2 times the spread should be your stop loss. Even with 9 or 8 pips normal spread in gj that is too tight of a stop even if you are trading in 1M. How do you manage that? What is your normal TP in 1M for gbp/jpy? 10 or 20 pips? Do you trim the position or just get out when fixed tp is hit?

Thanks again for your tips on price action.
what ever the swing gives

but nowadays i am experimenting trading eurgbp @ 0.4 pip spread

its far more reliable than any usd pair
  • #196
  • Sep 16, 2009 1:04pm Sep 16, 2009 1:04pm
Quoting forexlion
what ever the swing gives

but nowadays i am experimenting trading eurgbp @ 0.4 pip spread

its far more reliable than any usd pair
OMG 0.4 pips spread on EURGBP !

which broker are u talking about ?
  • #197
  • Sep 16, 2009 1:09pm Sep 16, 2009 1:09pm
Quoting forexlion
what ever the swing gives

but nowadays i am experimenting trading eurgbp @ 0.4 pip spread

its far more reliable than any usd pair
wow, what broker is giving you that spread? still on ibfx??
  • #198
  • Sep 16, 2009 3:32pm Sep 16, 2009 3:32pm
Quoting forexlion
the worst thing in forex is to get married to the trade, you should know when to divorce the lady

if the loss crosses 2 times the spread you must not hold the position
Vanakam Anna(Forex Lion),
Can you pls explain what do you mean of "if the loss crosses 2 times the spread " may be i was not well verse on the term here.
  • #199
  • Sep 16, 2009 8:31pm Sep 16, 2009 8:31pm
Quoting Forexbaby
Vanakam Anna(Forex Lion),
Can you pls explain what do you mean of "if the loss crosses 2 times the spread " may be i was not well verse on the term here.
in very simple terms, you should not let your losses go beyond certain level, if they do, it was not a good entry, and you should plan again on a good entry.
  • #200
  • Sep 16, 2009 8:43pm Sep 16, 2009 8:43pm
Quoting forexlion
in very simple terms, you should not let your losses go beyond certain level, if they do, it was not a good entry, and you should plan again on a good entry.
I guess the poster was asking about 2 times spread. I assume you are saying that if the spread is 10 pips, your stop loss should be 20? or you get out of the trade if it goes against you for 20 pips?
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