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EURUSD

  • #226,961
  • Apr 16, 2010 9:26am Apr 16, 2010 9:26am
Driver55,

Not sure what you mean....

I have never seen $100,000.....never

Declared Bankruptcy this year as humiliating as that was due to my Ex and leaving me all the debt......I took on her legal fees from something she did and destroyed our family....I lost my house that I built and designed, I lost my kids that I loved to father and still try in the midst of the posion they get from their other side of my ex's family....I lost even myself.....IMARICH1 is a play on words.....as I can only hope that day comes.....

The most I have ever had in forex is around $2,000....started with $1,000 and doubled it.....that's it....

Other accounts I have blown were around $1,000 all the time...

I am transparent here as it may help my trading to OWN up to it....
  • #226,962
  • Apr 16, 2010 9:27am Apr 16, 2010 9:27am
Quoting gatorinla
yes but i had no more then 3% at risk at a giving time.
In which case you have successfully implemented MM
Prices oscillate, trends persist. Trend is your friend.
  • #226,963
  • Apr 16, 2010 9:28am Apr 16, 2010 9:28am
Quoting gatorinla
we tend to get cocky. and add to our trades when they are going well. then the pullback has sex with our account.. i suggest using a set size on all trades and maybe less on risky ones. as you account grows or shrinks adjust this size each week..

thats not a hundred$ account you have.. its a billion $ account.. treat it as such..
My exact trading strategy. I trade 200,000 contracts on "guaranteed" reversal setups, such as the Dark Cloud reversal candlestick setup but I only trade 100,000 contract on Dark Cloud continuations, inside bar, & engulfed candles ... less predictable setups.

I don't scale my trades anymore. I tend too lose more than i put in. Funny how if I decided to scale up my trades, candlestick tends to fall faster ... maybe it's just my imaginations.
  • #226,964
  • Edited 9:30am Apr 16, 2010 9:29am | Edited 9:30am
€ just touched upper end of trend channel from early february this week. low end of trend channel now around 1,31/1,30
Attached Image (click to enlarge)
Click to Enlarge Name: img_12714279698184.gif Size: 16 KB
  • #226,965
  • Apr 16, 2010 9:30am Apr 16, 2010 9:30am
Quoting RichLadyFX
So the so called GAP closed already? All the way to the moon now?
IMO a relief rally is likely. I am not participating in the bounce though. Down trend still there as 1.3818 resistance has not been tagged.
Prices oscillate, trends persist. Trend is your friend.
  • #226,966
  • Apr 16, 2010 9:30am Apr 16, 2010 9:30am
Quoting gatorinla
yes but i had no more then 3% at risk at a giving time.
and i'm quite aware many don't.

listen to this guy and Driver and the others.

trade small, learn to trade (this is a good place to learn) and you will beat this market.

m
  • #226,967
  • Apr 16, 2010 9:32am Apr 16, 2010 9:32am
Quoting jsspmk
In which case you have successfully implemented MM
i was talking present accounts.. in the past i doubled a couple and lost them in a shorter period of time. overleveraged with poor m/m.. money is finite. stupidity is infinite.
those who can, do. those who cant, talk about those who can
  • #226,968
  • Apr 16, 2010 9:33am Apr 16, 2010 9:33am
Just cleaned up another +20pips playing Dark Cloud setup on the Hr

Attached Image



Now will wait for a Dark Cloud continuation setup.
  • #226,969
  • Apr 16, 2010 9:34am Apr 16, 2010 9:34am
Bought at 3498 and closed 3538 = 40 pips
lost only 1 trade in this week rest of 33 trades positive pips.

Happy weekend everyone
You cannot learn better without losing
  • #226,970
  • Apr 16, 2010 9:34am Apr 16, 2010 9:34am
Quoting userff
I want to ask about the London fix when does it happen?..how can the FX traders get benefit from it? I mean what time they should buy?

Thank You
I am not sure that I understand your question but options expire at 3pm here in London if that helps.
  • #226,971
  • Apr 16, 2010 9:34am Apr 16, 2010 9:34am
Quoting gatorinla
euro has been gone down since late 2007.. usd has gone up since late 2007.. just not verses each other. check out the eurx and usdx from those tf till today. now its time to equalise
Disagree hear, USDX and EURX are nothing more than weighted geometric means of other currencies not only Euro and USD respectively.
  • #226,972
  • Apr 16, 2010 9:36am Apr 16, 2010 9:36am
Quoting RichLadyFX
So the so called GAP closed already? All the way to the moon now?
i don't think so.

m
  • #226,973
  • Apr 16, 2010 9:37am Apr 16, 2010 9:37am
Quoting Orbital
Disagree hear, USDX and EURX are nothing more than weighted geometric means of other currencies not only Euro and USD respectively.
ok
but i would check the top 2 of basket percentege wise.
those who can, do. those who cant, talk about those who can
  • #226,974
  • Apr 16, 2010 9:37am Apr 16, 2010 9:37am
Quoting gatorinla
is was talking present accounts.. in the past i doubled a couple and lost them in a shorter period of time. overleveraged with poor m/m.. money is finite. stupidity is infinite.
Someone once said that the only sure way to make money long term is to dollar average in mutual funds. Not referring to margin based investments.
Prices oscillate, trends persist. Trend is your friend.
  • #226,975
  • Apr 16, 2010 9:38am Apr 16, 2010 9:38am
Quoting gatorinla
i was talking present accounts.. in the past i doubled a couple and lost them in a shorter period of time. overleveraged with poor m/m.. money is finite. stupidity is infinite.
one for the book.

m
  • #226,976
  • Apr 16, 2010 9:38am Apr 16, 2010 9:38am
Hello.
This week i doubled my account, and thanks very much for you help, Now, i going into town and I need a drink. Have a nice weekend, see you on monday.
  • #226,977
  • Apr 16, 2010 9:40am Apr 16, 2010 9:40am
I may take a short at 1.3548 with 6 pip stop to target a lower low. That would be the only trade I'd do this afternoon. GU I just missed a good entry so I will let it pass. If the sell off in GU happens this afternoon, well it happens without me for now. See you later.
  • #226,978
  • Apr 16, 2010 9:40am Apr 16, 2010 9:40am
goldmen charged with fraud!!!!!!!!!!!!!!!!
those who can, do. those who cant, talk about those who can
  • #226,979
  • Apr 16, 2010 9:41am Apr 16, 2010 9:41am
Quoting Orbital
Disagree hear, USDX and EURX are nothing more than weighted geometric means of other currencies not only Euro and USD respectively.
DXY is composed of a basket of five currencies,

Euro 57.6%,
Yen 13.6%,
Sterling 11.9%,
Canadian Dollar 9.1%,
Swedish Krona 4.2%, and
Swiss Franc 3.6%
I have no enemy; I make Incautiousness my Enemy.
  • #226,980
  • Apr 16, 2010 9:42am Apr 16, 2010 9:42am
Quoting IMARICH1
No Gator.... I got it....that's where the error came in!!!!

I have appreicated your help as well.....my problem was I would do well on your numbers and then if I missed it......I got on the train late expecting it to reach the next station when sometimes it had to go pick someone back UP at another station before going to the original one is was destined for......AND YOU TOLD ME OVER AND OVER about this.....

Yes, I doubled my accoutn in 6 months due to over leveraging.....it is bad MM.....I agree

Hell7,

I actually made over 100 pips...
I was like many members here trading WAY to large. The only way I have found to keep and grow an account is the slow and steady way. Now that I no longer seek huge returns everyday my trading has grown leaps and bounds. For me it is all about compounding and taking profits on a regular basis. With the 1% trade size my life is good! I have the depth to manage DD and live to see another day. If you are looking to turn $100 into a huge account it would be better to look at another means to make money. For me it has been about learning to make this a biz I can support myself with. It is a slow time comsuming process and for me has taken 5 yrs of 1000s of hours glued to a screen and #1000s of $s given to the markets. But I love it and wouldn't have changed a thing becuase I finally get it and if I can so can you. Good luck and listen to the seasoned traders giving you sound advice.
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