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Cable Update (GBPUSD)

  • #169,881
  • Sep 27, 2009 10:40pm Sep 27, 2009 10:40pm
Yep, you are right, just looked.

May as well throw it on black on the roulette table. I think your odds are better.

Que

Quoting WarrenH
FXCM has a mini account with a $25 min. deposit
Que
  • #169,882
  • Sep 27, 2009 10:47pm Sep 27, 2009 10:47pm
Quoting Inzider
Are you trading LIVE ? or only demoing like most of the peeps here?...
You speak like a book, or as I know you, like a coder.
I live trade with a Mini account, I have a very small account (Just over $1000).

Quoting Inzider
What I say is that I don't trade large TF whit large SL because I want to maximize the return I have on any trade whit the tightest SL logical for me, for my kind of trading.

What was the question? Having large drawdown on large TF. I tried to answer the question whit my view and since I put my money were my mouth is I find insulting that you are acting like only your or one style of trading is the best.
The best thhing I can do is quote you, you did not say I a single time...

Quoting Inzider
Its a ping pong game, player table are high TF, but you are a little player, so you take short shot in between them on shorter TF because you don,t have the same capital at risk and can't have a 200 pips SL.

Quoting Inzider
I do respect people here. I advise to do the same.
I respect a lot of people on this forum. However, that respect is earned. I do not know a single person (That I respect on this forum, a couple pros) that would recommend a newbie trade M30.

Que
Que
  • #169,883
  • Sep 27, 2009 10:48pm Sep 27, 2009 10:48pm
What is bs?

2 demos and one live @ CMS FX

the account trades mini and standard. I do not trade standard (obviously)
1k open.

I do not use the live all the time as I am still learning.

Quoting Que
If this is to personal, please feel free to tell me to pound sand. That being said, can I ask who you use as a broker and how much you have in the account?
Que
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #169,884
  • Sep 27, 2009 10:49pm Sep 27, 2009 10:49pm
Quoting Alpha Hamste
Yes Sir, you are right about playing with micro or minilot. We just have to be smart with our risk and money management. It will be suicidal to place a $1/lot on the cable with $200 amount of equity, when it can range 250 pips a day .
i can't more disagree about money management, i for myself think that 1-2% rule is crap. Unless you have hundred thousands its bad MM. I usually trade with 50-100%. Just need to keep increase position on then you are positive and work hard on sl. i have doubled my account Friday and also tonight! Telling that unless 1-2%, it's a suicide is not nice. i'm working on live account and living from it
  • #169,885
  • Sep 27, 2009 10:50pm Sep 27, 2009 10:50pm
Quoting Que
I respect a lot of people on this forum. However, that respect is earned. I do not know a single person (That I respect on this forum, a couple pros) that would recommend a newbie trade M30.

Que
I did say at the end : Well its my view!
And who talked about 30 min TF???????

Anyway.... I don't have time for that, have fun!

PS: I don't need to EARN your respect...just pass aside.... tsss
  • #169,886
  • Sep 27, 2009 10:51pm Sep 27, 2009 10:51pm
So you use VT Trader platform. I am not that familiar with it. Does it allow partial trades? Example: .05 Mini lots?

Que

Quoting XTrade
What is bs?

No it is ok.

2 demos and one live @ CMS FX

the account trades mini and standard. I do not trade standard.

1k open.
Que
  • #169,887
  • Sep 27, 2009 10:53pm Sep 27, 2009 10:53pm


Quoting Endrju
i can't more disagree about money management, i for myself think that 1-2% rule is crap. Unless you have hundred thousands its bad MM. I usually trade with 50-100%. Just need to keep increase position on then you are positive and work hard on sl. i have doubled my account Friday and also tonight! Telling that unless 1-2%, it's a suicide is not nice. i'm working on live account and living from it
Que
  • #169,888
  • Sep 27, 2009 10:56pm Sep 27, 2009 10:56pm
Quoting Endrju
i can't more disagree about money management, i for myself think that 1-2% rule is crap. Unless you have hundred thousands its bad MM. I usually trade with 50-100%. Just need to keep increase position on then you are positive and work hard on sl. i have doubled my account Friday and also tonight! Telling that unless 1-2%, it's a suicide is not nice. i'm working on live account and living from it
Under capitalization makes every trade a drop in the bucket. With last year's action, stick with the trend. My greatest realization, you don't have to do anything.
  • #169,889
  • Sep 27, 2009 10:59pm Sep 27, 2009 10:59pm
Quoting Que
So you use VT Trader platform. I am not that familiar with it. Does it allow partial trades? Example: .05 Mini lots?

Que

It is a great platform. It has indicators out the a$$, (if you want them)
The charting is great.

The week news looks exactly with slight differences the same as the FF home page. (it is a nice unison) I have never tried to trade that. I do not think so. I can tell you tomorrow, I am logged into web trader on a Mac right now.

You should try the demo. I do not think there are many other brokers that have this much offered to the trader.

Demos are F0re x.c--m and O an da (trying to not write exact) FX com was a good experience till it turned bad on mini with 50k I grew to 60k then
things started freezing, blocked out of trades, etc. Switched the acct to mini and more of the same.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #169,890
  • Sep 27, 2009 11:02pm Sep 27, 2009 11:02pm
Its ok, MT4/5 is good for me. If I want an indicator thats not readily available, I just make it heh. I was far more interested in the partial lots. It's very important when it comes to MM.

Take a look at some of the money management threads across the forum. It is very useful information for you, or any trader for that matter.

Que

Quoting XTrade
It is a great platform. It has indicators out the a$$, (if you want them)
The charting is great.

The week news looks exactly with slight differences the same as the FF home page. (it is a nice unison) I have never tried to trade that. I do not think so. I can tell you tomorrow, I am logged into web trader on a Mac right now.

You should try the demo. I do not think there are many other brokers that have this much offered to the trader.
Que
  • #169,891
  • Sep 27, 2009 11:10pm Sep 27, 2009 11:10pm
I like using MAs and support / resistance and FIBO. MACD as well. Follow news and report release. Don't want to get caught on the wrong side!
Reading about EW.

I am buying a new PC. Any suggestions? I am a Mac guy.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #169,892
  • Sep 27, 2009 11:22pm Sep 27, 2009 11:22pm
Nice.

Quoting XTrade
I like using MAs and support / resistance and FIBO. MACD as well. Follow news and report release. Don't want to get caught on the wrong side!
Reading about EW.

I am buying a new PC. Any suggestions? I am a Mac guy.
Que
  • #169,893
  • Sep 27, 2009 11:24pm Sep 27, 2009 11:24pm
Quoting Que
Nice.

On web trader it does not appear to be letting me do an .05 order
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #169,894
  • Sep 27, 2009 11:32pm Sep 27, 2009 11:32pm
If the minimum trade you can make is $1 per pip, and you have $1000 in your account....

I would suggest moving to a broker that is friendlier to smaller accounts. As it has been said on many occasions... This is only my opinion and take it for what it's worth.

Que

Quoting XTrade
On web trader it does not appear to be letting me do an .05 order
Que
  • #169,895
  • Sep 27, 2009 11:35pm Sep 27, 2009 11:35pm
Quoting Que
If the minimum trade you can make is $1 per pip, and you have $1000 in your account....

I would suggest moving to a broker that is friendlier to smaller accounts. As it has been said on many occasions... This is only my opinion and take it for what it's worth.

Que
$1 per pip for $1000 in acc?? very danger for me
  • #169,896
  • Sep 27, 2009 11:46pm Sep 27, 2009 11:46pm
Marketiva offers accounts where you can trade 1 dls. Yeap that is .0001 per pip. Good way to practice and if you open an account they will give you 5 dls (no deposit). So far I am at 10!!! making my way up hahaha
  • #169,897
  • Sep 27, 2009 11:48pm Sep 27, 2009 11:48pm
Quoting XTrade
I like using MAs and support / resistance and FIBO. MACD as well. Follow news and report release. Don't want to get caught on the wrong side!
Reading about EW.

I am buying a new PC. Any suggestions? I am a Mac guy.
You left out the most important thing " VOLUME "
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #169,898
  • Sep 27, 2009 11:50pm Sep 27, 2009 11:50pm
For trading only?

Buy the cheapest one you can find heh. Does not take any horsepower to run trading software.

Que

Quoting XTrade
I am buying a new PC. Any suggestions? I am a Mac guy.
Que
  • #169,899
  • Sep 27, 2009 11:50pm Sep 27, 2009 11:50pm
I know Fx CM has a Micro account. Do not know of many others.

I am still using mostly demo for setup and testing strategies. Then when I find a solid plan I execute on Live.

I will look into Micro. For the heck of it. 25 Bux in a micro is like playing roulette! No wonder the statistics of retail traders are so bad!

Many have the capabilities, yet DO not take the precaution and time to learn what it is they are dealing with, the beast FOREX.

Thanks for the advice and knowledge guys. I truly appreciate it.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #169,900
  • Edited 11:55pm Sep 27, 2009 11:51pm | Edited 11:55pm
Quoting samdani786
You left out the most important thing " VOLUME "
True!
Sorry, I always have volume open!!! So used to it I forgot!

YES, PC is for trading ONLY. Nothing else AT all.

BTW long @ 5785
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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