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EURUSD

  • #179,821
  • Jan 12, 2010 12:06am Jan 12, 2010 12:06am
Quoting live4pips
Just curious about lots, I only think in terms of units, 5000 units would be $5 per pip and so on. I take it that lots are the same way right so .5 lots would be equal to 5000 units or $5 per pip, right.
0.5=50000
  • #179,822
  • Jan 12, 2010 12:07am Jan 12, 2010 12:07am
Quoting SashaP
Using 0.5 lot cause its enough for living and its not soo painful if u lose it
I am 22 so far.
So how old were you when you started with 1700 to make a living?
I'm 31 and still working full-time
  • #179,823
  • Jan 12, 2010 12:08am Jan 12, 2010 12:08am
Quoting alex.fx
So how old were you when you started with 1700 to make a living?
About 1700 was not me..i started when i was 20(and i started with 2500$)
  • #179,824
  • Jan 12, 2010 12:09am Jan 12, 2010 12:09am
Quoting SashaP
0.5=50000
I thought that was the case, I always see people talking in lot sizes but never really understood what a lot was equal to. So 1 lot would be $10, Got it.. Thanks Sashap
  • #179,825
  • Jan 12, 2010 12:09am Jan 12, 2010 12:09am
Quoting SashaP
About 1700 was not me..i started when i was 20(and i started with 2500$)
oh, sorry- have to fix that.
  • #179,826
  • Jan 12, 2010 12:10am Jan 12, 2010 12:10am
Quoting live4pips
I thought that was the case, I always see people talking in lot sizes but never really understood what a lot was equal to. So 1 lot would be $10, Got it.. Thanks Sashap
i use minilot so 1 lot for me is 1$.Started with normal lot and lost my account less then in a week.
  • #179,827
  • Jan 12, 2010 12:12am Jan 12, 2010 12:12am
Quoting SashaP
i use minilot so 1 lot for me is 1$.Started with normal lot and lost my account less then in a week.
Yeah, I'm with you I only trade mini right now as well, when I have more consistency I will try for bigger. Still learning the ropes.
  • #179,828
  • Jan 12, 2010 12:15am Jan 12, 2010 12:15am
So sleepu just waiting for this spike down again to close my short positions.
  • #179,829
  • Jan 12, 2010 12:16am Jan 12, 2010 12:16am
still have to wait for another 40 mins to see which way the 1hr chart is moving... but i shorted 1 mini just for fun...
  • #179,830
  • Jan 12, 2010 12:18am Jan 12, 2010 12:18am
Quoting Blacknightz
still have to wait for another 40 mins to see which way the 1hr chart is moving... but i shorted 1 mini just for fun...
According to my chart studies,it will spike down again before go opposite way.
  • #179,831
  • Jan 12, 2010 12:21am Jan 12, 2010 12:21am
Quoting SashaP
According to my chart studies,it will spike down again before go opposite way.
agree with you sashaP
  • #179,832
  • Jan 12, 2010 12:22am Jan 12, 2010 12:22am
i really dont like this up move
  • #179,833
  • Jan 12, 2010 12:24am Jan 12, 2010 12:24am
if this works to the count
Attached Image (click to enlarge)
Click to Enlarge Name: forex111.gif Size: 18 KB
  • #179,834
  • Jan 12, 2010 12:28am Jan 12, 2010 12:28am
Didnt mentiom that asia was close,thats why speculative move took place
  • #179,835
  • Jan 12, 2010 12:29am Jan 12, 2010 12:29am
Heavy sell taking place,but bullish patter more stronger for now
  • #179,836
  • Jan 12, 2010 12:31am Jan 12, 2010 12:31am
already out due to stop loss being hit
  • #179,837
  • Jan 12, 2010 12:33am Jan 12, 2010 12:33am
Quoting 2+2=4ex
I'm considering splitting the 5 lots:

2 lots sell @ .4490 (sl .4525)(tp .4440)
3 lots sell @ .4510 (sl .4538)(tp .4440)
did u add ur heavy selling lots?)
  • #179,838
  • Jan 12, 2010 12:35am Jan 12, 2010 12:35am
second half in now at .4510. All 5 lots in now.
  • #179,839
  • Jan 12, 2010 12:35am Jan 12, 2010 12:35am
kinf of bad situation,thinking of taking this 20 pip loss
  • #179,840
  • Jan 12, 2010 12:37am Jan 12, 2010 12:37am
Quoting 2+2=4ex
second half in now at .4510. All 5 lots in now.
Good luck! 5 lots is 50$ or 5 $?
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