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  • #153,801
  • Oct 19, 2009 4:16pm Oct 19, 2009 4:16pm
Quoting cloggie
short at 49705 at 22:02

Closed at 49609 at 22:14. Should have held on for another 20 or so, hit my TP
  • #153,802
  • Oct 19, 2009 4:18pm Oct 19, 2009 4:18pm
Quoting X.Oden
So are you saying that if I made 10 pips x 10 standard lots I would only earn $100?

In correct....10 lots x 10 pips = 100 pips = $1,000

Get it? Do you want to count pips or actual gains?
He's counting dollars whereas anybody should be counting %equity.
  • #153,803
  • Oct 19, 2009 4:20pm Oct 19, 2009 4:20pm
Quoting cloggie
Closed at 49609 at 22:14. Should have held on for another 20 or so, hit my TP
it was a very unsafety trade!
  • #153,804
  • Oct 19, 2009 4:21pm Oct 19, 2009 4:21pm
Quoting F.x.
Looks like stoplosses were just hunted and now we'll drop.
Yeah that is textbook stop hunting. Wait until market close, jump up over days highs....
  • #153,805
  • Oct 19, 2009 4:22pm Oct 19, 2009 4:22pm
Top is in place. Better luck next year, Euro.
  • #153,806
  • Oct 19, 2009 4:22pm Oct 19, 2009 4:22pm
Quoting realjumper
it's just a matter of of waiting under the forex tree until something drops into my lap!!
Drop??? Drop??? Did someone say drop.....

For the love of everything rational lets see a DROP!!!!!!!!!!!!!
  • #153,807
  • Oct 19, 2009 4:24pm Oct 19, 2009 4:24pm
monday closed as 12th day of 13 day TD countdown...suggests a revearsal coming
  • #153,808
  • Oct 19, 2009 4:28pm Oct 19, 2009 4:28pm
I'm 85% up in 4 month. Is that begginer's luck?
  • #153,809
  • Oct 19, 2009 4:28pm Oct 19, 2009 4:28pm
I hate Apple and their stupid phones! may it drop $15 right now. $202 is just dumb. And all at the expense of the US $!
Still holding short on e/u.
----- Dragonfly out in the sun you know what I mean, don't you know
  • #153,810
  • Oct 19, 2009 4:29pm Oct 19, 2009 4:29pm
Quoting pattinatore
it was a very unsafety trade!

Shorted when it bounced off the Resistance at 49750, waited for the first complete bear candle to close at the M1 for entry and set my TP above the support at 49560.

Nothing unsafe about it, careful use of Support and Resistance. (with an RSI of 80 Stoch at 79 and decending, and MACD of 00038 to confirm)
  • #153,811
  • Oct 19, 2009 4:30pm Oct 19, 2009 4:30pm
Quoting NoStops
I'm 85% up in 4 month. Is that begginer's luck?
26% up in first two weeks
probably haha
  • #153,812
  • Oct 19, 2009 4:32pm Oct 19, 2009 4:32pm
There's still room on the upside according to the daily chart, before any major drop.

What about a call @ 1.4980?

If that level gets hit, there should be enough triple top stops to boost this one up to 1.5 and even higher. Very easy 50 pips...
  • #153,813
  • Oct 19, 2009 4:32pm Oct 19, 2009 4:32pm
Quoting X.Oden
So are you saying that if I made 10 pips x 10 standard lots I would only earn $100?

In correct....10 lots x 10 pips = 100 pips = $1,000

Get it? Do you want to count pips or actual gains?
I was differntiating between Pips (the numbers on the right of the screen) and gains...The numbers on the bottom right. 10 lots X10 pips is totally a G. It's still 10 pips however. That's all I was saying.

Me personally, all I care about is gains. Which begs me to wonder why the wet backed duck I didn't come back scalping and tried to take a position instead.

Probably because of the hair that was falling out my head scalping Avg. 900 pips a month for a year. My hair is back, so am I. This game takes on a whole new level of stress when it becomes your main source of income.
  • #153,814
  • Oct 19, 2009 4:38pm Oct 19, 2009 4:38pm
Quoting NoStops
I'm 85% up in 4 month. Is that begginer's luck?
It depends but as it looks it's a pretty balanced strategy (if any). They say pro's can make an average of 40% per month. One can make more but risks increase exponentially and I didn't see yet a safe and sound strategy that makes more than 25%. I guess the rest of 15% is the pro's thing.
  • #153,815
  • Oct 19, 2009 4:39pm Oct 19, 2009 4:39pm
Quoting ledobedo
26% up in first two weeks
probably haha
If you guys pulled that off with 2% risk and stop losses and stuff....gravy. If you did it thinking that price can never come down WOE.
  • #153,816
  • Oct 19, 2009 4:41pm Oct 19, 2009 4:41pm
If you know how you reached that result, no, because you will be able to repeat it.

If you closed the eyes and pushed the bottom here and there accidentally in the right moment, yes, than it was pure luck.

Quoting NoStops
I'm 85% up in 4 month. Is that begginer's luck?
  • #153,817
  • Oct 19, 2009 4:44pm Oct 19, 2009 4:44pm
Quoting SerpentDove
If you guys pulled that off with 2% risk and stop losses and stuff....gravy. If you did it thinking that price can never come down WOE.
you must have misunderstood the 2% risk. It refers to a trade. A trade is considered any position taken within an instrument. One trader can have 1-2-5-even 10 positions with different instruments at the same time amounting the total risk to more than 20%. The thing is that only in exceptional cases if you have a good strategy will all those 10 positions come to SL thus depleting your account of 20% and making you cry.

Same stands for intraday trading. One can take a position 5 times a day for a certain intrument hence rising the daily risk to a total of 10% but not all the 5 times you'd get stopped unless exceptional cases or real fupped strategy. One can make 2-4% gains a day by risking only 2% at a time and trading intraday, rising the monthly gains to a staggering 40-80%.
  • #153,818
  • Oct 19, 2009 4:45pm Oct 19, 2009 4:45pm
Quoting TheFisherman
They say pro's can make an average of 40% per month.
I don't believe it's possible unless with pro's you mean bucketshops
  • #153,819
  • Oct 19, 2009 4:45pm Oct 19, 2009 4:45pm
Quoting TheFisherman
He's counting dollars whereas anybody should be counting %equity.
Lovely way to look at it. Past year I booked (withdrew it) 165% and then got a margin call, and people that know me personally actually still wonder why I bother .
  • #153,820
  • Oct 19, 2009 4:46pm Oct 19, 2009 4:46pm
we have new high today and 74 seems to broke down
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