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EURUSD

  • #153,761
  • Oct 19, 2009 1:35pm Oct 19, 2009 1:35pm
Quoting The Fool
Not saying you didn't do it, not saying it can't be done, but if your every post is a boast of 100's of pips won, then someone (like me) is going to ask for proof.

Show your results via myfxbook.com to silence such critics.

A boast without proof is just hot air & deserves to be ignored.

careful Fool, am not boasting; my USDJPY trade was called with entry. Read my post again I said I am NOT going to make 600 today (in total) in answer to your claim that Forex may not be for me unless one makes 5-600 pips a day.

However, I do like a challenge. I'll think about setting up a live "fun" account of a nominal amount to share some of my trades. The problem I foresee is that I am going to be flamed for my MM as I will trade the fun account to a high risk as it reflects the smaller risk in my main accounts. I will get back to you.
  • #153,762
  • Oct 19, 2009 1:40pm Oct 19, 2009 1:40pm
Quoting cloggie
It is telling me it is ranging between 4942 and 4967 with an uptrend bias. I have been keeping an eye out for 4967 all day, once broken she will continue North.

Had some nice runs back and forth though for 420 pips
Actually, cloggie, it was more the post above that caught my eye. How you managed to milk 420 pips out of that PA is beyond me.

Again, if you are going to brag about your huge wins, you should be prepared to prove it. And, if you can or will not, then what does that say?

I wish you well in your trades. but If you are just here to brag about your fictitious wins, then your posts are not worth seeing.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #153,763
  • Oct 19, 2009 2:27pm Oct 19, 2009 2:27pm
Traders of all nations, traders of all nations, EURUSD need your help!
EURUSD is near 1.5000 and we could and will push it right here.
This is once in life time when you could change something.
Change shape of the world as we know it.
But how you ask? You are not the only one trader in world.
In fact milions of traders around globe right now are watching
and waiting for 1.5000 to be hit.
We could do anything we want if our forces will be joined
in one stream of buying orders.
Once we take it to the 1.5010, AOS buying orders will be hit
price will jump to 1.5095 and rest is history.
Look at fundamentals, FED is printing so much money that hyperinflation
is already knocking on the doors. Look at price of GOLD,
if there is deflation right now, so how will inflation look like?
Prices of everything is rising up. And USD loosing their status
as global reserve currency.
In fact look at CARRYTRADE oportunity. At 0,25% rate it is bargain.
And FED still have no exit strategy. Why they should?
Weak USD is helping USA exporters and with more money in system you have to pay
less on your trillion debt, FED could keep diluting it as long as printing
press will keep on running.
Think about Zimbabwe http://upload.wikimedia.org/wikipedi...09_Obverse.jpg
Think about Germany http://wiki.answers.com/Q/Why_did_th...rn_their_money.
Ask yourself, in which direction is USD going. On which side you want to stay and profit.
LONG OR SHORT?

It is our aim to positively motivate people to take together EURUSD to the new highs.
It is time to WAKE THE PLANET UP!

The time is now! Future is ours!
  • #153,764
  • Oct 19, 2009 2:38pm Oct 19, 2009 2:38pm
Damn is it always me or ? I went short from 1.4944 today dont remember even when i had SL on place all good came home watched that this thind does not move a bit so i sold it with 0 pips in profit after 5 min. I look again it came down 5 -6 pips its always like this ... damn

Acutally guy's i need some advice about running my profit i just cant run any my profit long enough as i can some guy's are running here .... don't know why.. even when i have TP in place still i will take it before out and usually i will get only 40% of all that ride ... good or bad i dont know.. only when i am scalping i am nailing most of the time tips and bottoms but every day is not good for scalping.

Another thing i can see lately here that everyone are making like 400 pips per day and 100 and etc.... my pip range per day is i think max 70 what is my total max so far usually i take 40 pips. I would like to know the secret of nailing 400 pips per day

oh ok over and out
  • #153,765
  • Oct 19, 2009 2:39pm Oct 19, 2009 2:39pm
Quoting The Fool
Actually, cloggie, it was more the post above that caught my eye. How you managed to milk 420 pips out of that PA is beyond me.

Again, if you are going to brag about your huge wins, you should be prepared to prove it. And, if you can or will not, then what does that say?

I wish you well in your trades. but If you are just here to brag about your fictitious wins, then your posts are not worth seeing.
Actually is possible if you are referring to "pip" as a pip made by the smallest lot amount and use different lot sizes. For example if 1 "pip" = 1 pip of 0.1 lot then 1 pip of 1 lot = 10 "pips"

Having said that. I am testing an EA that I'm working at right now and it did $47 in an microlot environment today. that is the equivalent of 470 pips using one microlot - although the ea uses different lot sizes.

[EDIT] EURUSD pair only since the session started last night.
  • #153,766
  • Oct 19, 2009 2:49pm Oct 19, 2009 2:49pm
Here is the proof Fool. I'm not posting the full statement as is has some info I don't want disclosed - you have to take my word for it. Demo - only today's trades.
Attached Image (click to enlarge)
Click to Enlarge Name: proof.PNG Size: 15 KB
  • #153,767
  • Oct 19, 2009 2:51pm Oct 19, 2009 2:51pm
Quoting TheFisherman
Actually is possible if you are referring to "pip" as a pip made by the smallest lot amount and use different lot sizes. For example if 1 "pip" = 1 pip of 0.1 lot then 1 pip of 1 lot = 10 "pips"
A pip is a pip regardless of the lot size. Go long at 1.4900 close trade at 1.500 - thats 100 pips won whether you traded micro, mini, or megalots.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #153,768
  • Oct 19, 2009 2:55pm Oct 19, 2009 2:55pm
Quoting The Fool
A pip is a pip regardless of the lot size. Go long at 1.4900 close trade at 1.500 - thats 100 pips won whether you traded micro, mini, or megalots.
I just said that the guy may have missinterpreted the definition of pip. It's not possible to make that much regardless what unless you use several lot sizes. Actually for myself I consider a pip as that guy because for MM it does not really matter how many pip you actually make if you're gonna use different lot sizes because at the end of the day you bagged so many pips related to the minimum lot size that translates into % revenue which is by far more important than how many pips you actually made. As for the pips you refer to in an average day one can make as many as 250
  • #153,769
  • Oct 19, 2009 2:57pm Oct 19, 2009 2:57pm
Quoting sophiaphia
it's like Frankenstein! anyway to correct my entry above it should have typed 1.495 as entry, where price was.

 

  1. die!
  2. dxy in bounce territory, multi day low

yawn! it is taking 4 ever to drop
----- Dragonfly out in the sun you know what I mean, don't you know
  • #153,770
  • Oct 19, 2009 3:00pm Oct 19, 2009 3:00pm
watch US futures on earnings in a little should be great for us bears!
----- Dragonfly out in the sun you know what I mean, don't you know
  • #153,771
  • Oct 19, 2009 3:02pm Oct 19, 2009 3:02pm
Quoting sophiaphia
yawn! it is taking 4 ever to drop
NO-GO. One more hour for waiting if you wanna safe sell.
  • #153,772
  • Oct 19, 2009 3:21pm Oct 19, 2009 3:21pm
That's it? That's all the ubber mega dollar destructo trend could do against my positions while I was out????

I need more beer in the fridge for this one !!!!!!!!!!!!!!!!!
  • #153,773
  • Oct 19, 2009 3:30pm Oct 19, 2009 3:30pm
I was wondering... who here thinks the asian session will break to a year high and maybe break the elusive 1.5000? You can go play. The rest can prepare the SHORT-GUN.
  • #153,774
  • Oct 19, 2009 3:31pm Oct 19, 2009 3:31pm
Pip counting should be considered in units....if you trade 2 units of 10 lots per unit and you ride 100 pips, then you really made 100 pips x 10 lots x 2. Therefore on a 2 unit trade regardless of pips, if each unit scored 100 lots, your total lots earned is 200 lots. If counted this way, you will see the dollars add up to the amount of lots earned.

Thus a 2 unit trade using .10 lots x 100 pips = 200 pips gained
a 2 unit trade using 1.2 lots x 100 pips = 200 pips gained


Quoting TheFisherman
I just said that the guy may have missinterpreted the definition of pip. It's not possible to make that much regardless what unless you use several lot sizes. Actually for myself I consider a pip as that guy because for MM it does not really matter how many pip you actually make if you're gonna use different lot sizes because at the end of the day you bagged so many pips related to the minimum lot size that translates into % revenue which is by far more important than how many pips you actually made. As for the pips you refer to in an average day...
In Charts We Trust!
  • #153,775
  • Oct 19, 2009 3:34pm Oct 19, 2009 3:34pm
Quoting X.Oden
Pip counting should be considered in units....if you trade 2 units of 10 lots per unit and you ride 100 pips, then you really made 100 pips x 10 lots x 2. Therefore on a 2 unit trade regardless of pips, if each unit scored 100 lots, your total lots earned is 200 lots. If counted this way, you will see the dollars add up to the amount of lots earned.

Thus a 2 unit trade using .10 lots x 100 pips = 200 pips gained
a 2 unit trade using 1.2 lots x 100 pips = 200 pips gained
Thank you! If the unit is the minimum lot size - there you have it.
  • #153,776
  • Oct 19, 2009 3:39pm Oct 19, 2009 3:39pm
Quoting TheFisherman
I was wondering... who here thinks the asian session will break to a year high and maybe break the elusive 1.5000? You can go play. The rest can prepare the SHORT-GUN.
Actually i think ASIA will bring this down like yesterday not sure but as i have noticed that if USD get a big bag during the day then Asia will bring it down a bit... well i am not opening any position tonight i think maybe i will rethink
  • #153,777
  • Oct 19, 2009 3:40pm Oct 19, 2009 3:40pm
buying here @1.4950, target 1.5050, as I said we have to touch 1.5
  • #153,778
  • Edited 3:45pm Oct 19, 2009 3:42pm | Edited 3:45pm
Pips are the numbers on the right hand of the screen.

10 standard lots X 10 pips = 10 pips.

Pips are great for measuring technical/fundamental prowess and such.

Bottom line is bottom line. Someone who bets 1 lot for 100 pips and someone who bets 10 lots for 10 pips accomplished the exact same thing.

I swear to you it's easier to bet 1 lot hoping for 100 pips, than it is to lay down 10 big ones for 10 pips. When 10 lots go against you, YOU SWEAT INSTANTLY. I should say I sweat instantly.

That's how I see it.
  • #153,779
  • Oct 19, 2009 3:43pm Oct 19, 2009 3:43pm
Is this the last hour in US session?
  • #153,780
  • Oct 19, 2009 3:45pm Oct 19, 2009 3:45pm
Quoting viljam
Damn is it always me or ? I went short from 1.4944 today dont remember even when i had SL on place all good came home watched that this thind does not move a bit so i sold it with...
For what it's worth:

It's not healthy to judge your performance by other people performance here. There are some super-skilled traders here who must have been at this game since before online trading was even invented, so who are you (and me) to assume or expect that we can do as they do?

If you can safely manage to collect 40 pips a day, you are doing better than many. 200 pips per week is not to be sneezed at. If other people are taking 200 - 400 per day, then they must obviously be more skilled at this than you are at present. Personally I can average about 60 per day, with the occasional breakout to give my account a boost, but I look at my profit with happiness, not sadness that I didn't make 100 pips or that I left more on the table than I took. Hopefully as I get more experience over the years, I will be better able to leave less on the table and keep more in my pocket, but until then, I am happy that I can average 60, and I'm very happy that others can average 200+ per day.

I don't think there is any "trick" to it, I think it is just experience and practice.

I still trade demo as well as live, and I take notes as I go. In fact my notes is looking like a book at this stage, but I make special notes of what repeatedly works, and what repeatedly fails.

Practice, patience and money management is the key, in my opinion

5C

RJ
Doing what you like is Freedom. Liking what you do is Happiness.
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