EURUSD | Page 10987 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #219,721
  • Apr 1, 2010 10:50pm Apr 1, 2010 10:50pm
Quoting sed34
i went back a few pages and didn't see anything, but what is the significance of 3566? Its bumping up against there now. so i assume its support based on what? what is 1.6? thanks
just a some levels i think are importent in the sequence from 1.6 (blue ones)

if we dont hold here ill reconsider the purple line at 3842
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 21 KB
those who can, do. those who cant, talk about those who can
  • #219,722
  • Apr 1, 2010 10:53pm Apr 1, 2010 10:53pm
Come on Pippy5000.....you know it is very tuff to take a $25 micro account to $1000.......do you know how long that would take? Over a year! I understand what you are trying to say...but that would take more discipline than I have in this arena....i would rather work for Burger King....I would make $1000 at BK before the micro account made its first $1000.....
  • #219,723
  • Apr 1, 2010 10:53pm Apr 1, 2010 10:53pm
Quoting IMARICH1
5abi,

The problem is that since this new nfa regulation took place....it wiped out out my account where i had some hedges and i can't place stop loss or stop limits at the same time....i have to take my account overseas...I may do this soon....

But I can;t have a stop and limit set up on the same account in US...like I used too
I don't do any kind of hedging but I'm pretty sure with Oanda they allow you to open a "sub-account" and you can take a trade in the opposite direction (hedge).

On the other hand I trade futures usually so if you did that you could open two accounts and take trades in the other direction that way (Same could be done with Market Makers). You can also use currency options to lower your risk on long term positions and to "hedge" your risk.

It sounds like the best option would be Oanda as they don't have a minimum account opening and allow you to trade with any lot size. I used them when I first got into FX trading and they were always honest with me.
  • #219,724
  • Apr 1, 2010 10:53pm Apr 1, 2010 10:53pm
Quoting Pippy5000
Destin,

Actually, I make slightly less than I did as a computer scientist

But I hated that and I love this.. I just want these young early 20 something guys to understand that it isn't about fancy charts or reading an endless stream of official sounding, yet ultimately pointless books.. it's about ruining your eyes staring at a screen, trial and error, and getting back on the god damn horse when you fail (and you better believe you will).

You'll learn everything you ever needed to know intellectually about FX within 6 months.. then it becomes...
Pip5- I understand- I am in real estate in fl. and it's almost tougher than forex, I like both- damn, would be awesome to turn a profit doing this consistently- Like to trade from trade Caymans or Nassau one day (profitable) just for the hell of it- Appreciate the words of encouragement
  • #219,725
  • Apr 1, 2010 10:57pm Apr 1, 2010 10:57pm
Quoting IMARICH1
5abi,

The problem is that since this new nfa regulation took place....it wiped out out my account where i had some hedges and i can't place stop loss or stop limits at the same time....i have to take my account overseas...I may do this soon....

But I can;t have a stop and limit set up on the same account in US...like I used too
I setup an account with FXCM in the UK. Live in the US. Here's the link to their application if you're interested.
https://secure2.fxcorporate.com/fxtr...ternational_uk
  • #219,726
  • Apr 1, 2010 10:59pm Apr 1, 2010 10:59pm
Quoting mmccormac
I don't do any kind of hedging but I'm pretty sure with Oanda they allow you to open a "sub-account" and you can take a trade in the opposite direction (hedge)....
Being that you brought oanda up, I should say this. I've been using oanda for awhile now with almost no problems. At market open this week we had that gap up remember? Well I had a couple shorts left open with SL's of course in place. The gap up just blew right through them and I was sitting there down about 10 percent on my account going wtf. Their customer service doesn't open till about 3 pm pst so I had to wait as this happened about 11 am.

Long story short, I had to close the trade as it ran up but sent them an email. They responded within a few hours and refunded me all of my money as if my stop loss was in place. No questions asked, the way it should be imo.

Donnie

edit: I'll also have to look into one of those "sub-accounts". I hadn't heard of those yet but that would be great for me.
  • #219,727
  • Apr 1, 2010 11:06pm Apr 1, 2010 11:06pm
Quoting gatorinla
just a some levels i think are importent in the sequence from 1.6 (blue ones)

if we dont hold here ill reconsider the purple line at 3842
ok. thanks for the explanation. it seems like 3566 is holding up pretty well.
  • #219,728
  • Apr 1, 2010 11:08pm Apr 1, 2010 11:08pm
Quoting uraceulose
Being that you brought oanda up, I should say this. I've been using oanda for awhile now with almost no problems....
you can just set up the sub-account from within the application itself. my secret stash *g
  • #219,729
  • Apr 1, 2010 11:19pm Apr 1, 2010 11:19pm
Do you really know anyone that has done this? It seems like a monumental task.
Quoting Pippy5000
Put $25 in your micro account and when you have $1,000 you'll be ready to trade $1 per pip.. If you never create $1,000 off of your $25 then....


If you can't complete the preceding sentence then I'll have a double whopper with cheese.. and thanks for your money.
  • #219,730
  • Apr 1, 2010 11:23pm Apr 1, 2010 11:23pm
You can turn $25 into $1,000 by slowly increasing the trade size.. If you screw up and lose it, then what did you lose?

You lost $25..

and then you put $25 back in the account and do it again.. Yes, it takes years..

People quit FX because they are unrealistic and try to run before walking. They spend hundreds or painful thousands before they say, "Ok, this sucks and I hate this, but I've put SO much time into it. I WILL learn this!"
  • #219,731
  • Apr 1, 2010 11:27pm Apr 1, 2010 11:27pm
Ok, is anybody actully talking about EURUSD !?!?!?!

What's up with crazy fridays?
  • #219,732
  • Apr 1, 2010 11:35pm Apr 1, 2010 11:35pm
Quoting Leche Mocha
Do you really know anyone that has done this? It seems like a monumental task.
I have an ea that can take that $25 and turn it into $1,000 in about 24 hours or lose it all in an hour. However, it fails more than 9 out of 10 times.
  • #219,733
  • Apr 1, 2010 11:54pm Apr 1, 2010 11:54pm
Quoting Leche Mocha
Do you really know anyone that has done this? It seems like a monumental task.
its very doable. I started out with 25 dollars and kept increasing my lot size from micro to mini to standard. So it can be done rather quickly if you have a solid strategy. Read my sig.
  • #219,734
  • Edited 11:57pm Apr 1, 2010 11:55pm | Edited 11:57pm
Quoting 2+2=4ex
I have an ea that can take that $25 and turn it into $1,000 in about 24 hours or lose it all in an hour. However, it fails more than 9 out of 10 times.
Well, 2+2=4ex, seem your good in maths. BUT......


More than 9 out of 10... let's say 8%

8/100 chance of winning 1,000$ with 25$ lets's say on 100 try.

100 try = 2500$ what are the chances on 100 try if you open 100 trade TO HIT THE 1000$ ANSWER: 8%

Let's say 1000 try ( 25,000$ )

8% is enormous for a 4000% return. If this EA works, you would be the richest man on earth.
  • #219,735
  • Apr 1, 2010 11:55pm Apr 1, 2010 11:55pm
The EA might be able to make the money for you, but it can never do the cocaine..

UH!

http://damox.com/cars/thumbs/Acura/2001_Acura_NSX_T.jpg
  • #219,736
  • Apr 2, 2010 12:04am Apr 2, 2010 12:04am
Quoting Hotte&Co
Well, 2+2=4ex, seem your good in maths. BUT......


More than 9 out of 10... let's say 8%

8/100 chance of winning 1,000$ with 25$ lets's say on 100 try.

100 try = 2500$ what are the chances on 100 try if you open 100 trade TO HIT THE 1000$ ANSWER: 8%

Let's say 1000 try ( 25,000$ )

8% is enormous for a 4000% return. If this EA works, you would be the richest man on earth.
Well Hotte, seems your math is not good. Obviously, if the chances were 8% it would make one rich. BUT I said it fails MORE than 9 out of 10. Whether it's on the 97th try, 100th try, 112th try or maybe lucky #1, I don't know. But it is a strike it big or fail miserably ea. That was my point.

Would anyone like for me to post it? I have to admit, it is the funnest ea to watch in strategy tester. Sometimes better than going out to dinner and a movie LOL
  • #219,737
  • Apr 2, 2010 12:04am Apr 2, 2010 12:04am
nice nsx
  • #219,738
  • Edited 12:20am Apr 2, 2010 12:07am | Edited 12:20am
Quoting 2+2=4ex
Well Hotte, seems your math is not good. Obviously, if the chances were 8% it would make one rich. BUT I said MORE than 9 out of 10. Whether it's on the 97th try, 100th try, 112th try or maybe lucky #1, I don't know. But it is a strike it big or fail miserably ea. That was my point.
Correct, more than 9/10 was volatile, imaginative lol... variable... And No... My maths are real bad.

Just a question for you... If the STRIKE IT BIG ea.... could let's say ( forget about the 8% ) let's say 4%.... Which Is 9,6/10.... which OBVIOUSLY, is more than 9/10

4% of chances to hit a 4000% return......... You would still be the richest man on earth. even 9,7 or 9,8....your EA makes no sense.
  • #219,739
  • Apr 2, 2010 12:23am Apr 2, 2010 12:23am
Quoting Hotte&Co
Correct, more than 9/10 was volatile, imaginative lol... variable... And No... My maths are real bad.
Hey, I started playing with the ea since we started talking about it. First, 20 tries (first 20 days of March) all failed in about an hour on average. However, each failure left the account with somewhere between $15-20 left in it. It only stopped because margin requirement exeeded balance. So, each failure is really like losing $5-10. It looks though like it might be more than 99/100 to get that lucky hit however.

You can also improve it's chances by starting it during a tight range. The tighter the better .
  • #219,740
  • Apr 2, 2010 12:26am Apr 2, 2010 12:26am
MY MATH ARE BAD

now lol let's say

9,8.... which is obviously bigger than 9/10 2%

let's put it on 50% CASINO EA 1/2 you would have 1/2 to hit 160%


I hate stupid STRIKE IT BIG EA
497 traders viewing now