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EURUSD

  • #188,741
  • Feb 3, 2010 12:55am Feb 3, 2010 12:55am
Quoting SashaP
Hey russian standart is the most expensive VODKA here,can u believe it?What is ur PIP($)
using now 1 pip 10$ + sometimes when im not sure 100% about trade put 1 pip 5$ , then and if its goes against me rebought with 1 pip 10$ lots

Lol how much for bottle ?
  • #188,742
  • Feb 3, 2010 12:56am Feb 3, 2010 12:56am
Quoting 2+2=4ex
Don't want to disuade anyone here from their style of trading, if it works for you then do your thing, but stop loss is a good thing....
let me explain it.
When u enter u FOLLOW THE TREND.So anyways u get ur 20 pips,u not gonna get them in 2 reasons.
1)U do tech analys
2)Speculations(this one nobody can avoid it)
  • #188,743
  • Feb 3, 2010 12:57am Feb 3, 2010 12:57am
Quoting 2+2=4ex
Don't want to disuade anyone here from their style of trading, if it works for you then do your thing, but stop loss is a good thing. I know this might not make sense, but using a stop loss properly is more profitable. Reason is time spent waiting for a trade (or trades) is opportunity cost wasted. And if your broker charges swap fees even worse. I know some people say they have all day because they have deep pockets, but that doesn't make sense. Why not be more efficient??

Example: Lets say a buy order of yours is sitting -20 (negative) pips...
some have big accounts 10 trades -3000 pips can't hurt them...LOL

you can always reload a demo
I'll pick up the crumbs don't need the whole pie
  • #188,744
  • Feb 3, 2010 12:58am Feb 3, 2010 12:58am
Quoting dil
using now 1 pip 10$ + sometimes when im not sure 100% about trade put 1 pip 5$ , then and if its goes against me rebought with 1 pip 10$ lots

Lol how much for bottle ?
At restaurant 450$,same for me 10$ pip,if goes against add more
  • #188,745
  • Feb 3, 2010 12:58am Feb 3, 2010 12:58am
Quoting dil
Yeah yesterday was crazy made about 200 pips ~ , when i'll come to miami we gonna have couple of vodka shots ? lol Ruskiy standart charosat vodka

just how do you guys scalp ? indicators ?

i do not seem to bring myself to do it ...

thanks
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  • #188,746
  • Feb 3, 2010 1:02am Feb 3, 2010 1:02am
Quoting SashaP
At restaurant 450$,same for me 10$ pip,if goes against add more
nice 450$ , i can get 2 bottles of crystal for that lol yeah ur strategy are similar to mine now i have 5 open trades 3 of them aleardy in profit
and them can go -2000 pips i dont care i just hedge all the way to the bottom
and long on the bottom too
  • #188,747
  • Feb 3, 2010 1:03am Feb 3, 2010 1:03am
Quoting earthsmate
just how do you guys scalp ? indicators ?

i do not seem to bring myself to do it ...

thanks
5 min support resistance + BB + Stochastic.If u gonna watch for the whole day, u will understand the way it works,and will be able to do perfect IN and OUT.
  • #188,748
  • Feb 3, 2010 1:04am Feb 3, 2010 1:04am
Quoting 2+2=4ex
Don't want to disuade anyone here from their style of trading, if it works for you then do your thing, but stop loss is a good thing....
I do agree stoploss is better too, but from a different perspective. I also know ppl who dont use it, so yeap it's ok. But stop loss is good in that it allows you to place your trade in a advantageous price zone, that will allow you to better manage you future trades and also the waves process. If a trade is wrong, i rather market eat my order and allow me to place at the next proper wave, eg if im shorting and im wrong, price will head far up before down again if the downtrend is genuine but its opportunity cost in the sense that you see more floating negative rather than floating positive. I view market in series of steps (horizontal lines).
  • #188,749
  • Feb 3, 2010 1:04am Feb 3, 2010 1:04am
Eur/Jpy just hit Fibonacci level,can try to sell it.
  • #188,750
  • Feb 3, 2010 1:05am Feb 3, 2010 1:05am
Quoting SashaP
let me explain it.
When u enter u FOLLOW THE TREND.So anyways u get ur 20 pips,u not gonna get them in 2 reasons.
1)U do tech analys
2)Speculations(this one nobody can avoid it)
Huh? Sasha, that was not a good explanation lol. Anyway, like I said, if no stop loss works for you because it makes you feel better then don't listen to a guy like me. But a good trader who predicts direction with consistency is better off using them. Don't believe me, ask a professional day trader. Do you think stock brokers short stock on wall street for a profit? Same principle. Just think about it.
  • #188,751
  • Feb 3, 2010 1:06am Feb 3, 2010 1:06am
dil, how many pips do you use for your grid ?
  • #188,752
  • Feb 3, 2010 1:07am Feb 3, 2010 1:07am
Quoting wood
dil, how many pips do you use for your grid ?
Everyday is a different but targeting 50 ~ pips a day
  • #188,753
  • Feb 3, 2010 1:08am Feb 3, 2010 1:08am
[quote=SashaP;3425382]5 min support resistance + BB + Stochastic.If u gonna watch for the whole day, u will understand the way it works,and will be able to do perfect IN and OUT.[/quotet

thanks

BB ?
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  • #188,754
  • Feb 3, 2010 1:08am Feb 3, 2010 1:08am
Quoting 2+2=4ex
Huh? Sasha, that was not a good explanation lol. Anyway, like I said, if no stop loss works for you because it makes you feel better then don't listen to a guy like me. But a good trader who predicts direction with consistency is better off using them. Don't believe me, ask a professional day trader. Do you think stock brokers short stock on wall street for a profit? Same principle. Just think about it.
The only person i listen to is they guy who have Billions.His pip is 2500$.His persentage is 96%(profit).And he never use stop loss.
  • #188,755
  • Feb 3, 2010 1:10am Feb 3, 2010 1:10am
if i understand what you do you have a big big account ... 50 pips with 10$/pip ... my god
  • #188,756
  • Feb 3, 2010 1:11am Feb 3, 2010 1:11am
I am going short - tp 1.3925
  • #188,757
  • Feb 3, 2010 1:11am Feb 3, 2010 1:11am
Quoting SashaP
The only person i listen to is they guy who have Billions.His pip is 2500$.His persentage is 96%(profit).And he never use stop loss.
nice 2500$ pip , damn i want my own plane
  • #188,758
  • Feb 3, 2010 1:12am Feb 3, 2010 1:12am
Quoting megaqujik
I am going short - tp 1.3925
31 is more realistic but,if u want 25 go all the way till 11.
  • #188,759
  • Feb 3, 2010 1:12am Feb 3, 2010 1:12am
Quoting dil
nice 450$ , i can get 2 bottles of crystal for that lol yeah ur strategy are similar to mine now i have 5 open trades 3 of them aleardy in profit
and them can go -2000 pips i dont care i just hedge all the way to the bottom
and long on the bottom too

Do you mind sharing who is your broker? Here in the States we have some limitations as far as hedging goes. Need to find alternatives.
If only I knew then what I know now...
  • #188,760
  • Feb 3, 2010 1:13am Feb 3, 2010 1:13am
Quoting wood
if i understand what you do you have a big big account ... 50 pips with 10$/pip ... my god
Lol mate 10$ pip is like nothing in 3,5 trilion a day forex market
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