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  • #229,721
  • Apr 22, 2010 8:37pm Apr 22, 2010 8:37pm
It sounds like you guys aren't using sound money management. You shouldn't risk more than 2-5% of your account on any one trade. If you can exercise sound money management, then you can get funded and make some real money.

Regarding the Euro:
http://img227.imageshack.us/img227/1...npositions.gif

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On the order book its becoming lean on the downside. I think this could be the time for a long back up to at least 3280's

S/L @ 3198
Long @ 3235
T/P @3282
  • #229,722
  • Apr 22, 2010 8:39pm Apr 22, 2010 8:39pm
I thought retrace would have reached 1.50s level, ( Because I've seen the price not so long ago) haha <<<< here is the evil laugh again.
  • #229,723
  • Apr 22, 2010 8:42pm Apr 22, 2010 8:42pm
Quoting Protogenos
How many trades did you place to make that return? If only a few trades then your results probably weren't statistically significant, however if you were making 10-20 trades a day they probably were and you could turn that system into something useful with a little better money management
I definitely wasn't making 10 20 trades a day. I think I was just over sizing lots for my account size (I didn't understand money management when I started). And then was on the right side of the trades with good entry.
Founder of Sutherland Wave Principle
  • #229,724
  • Apr 22, 2010 8:42pm Apr 22, 2010 8:42pm
Quoting alex.fx
true -that is the scary part of FX.
The truth is you have to settle for what you can get - over a long period. My experiences are about 5-10% is attainable. Which is still great compared to most investments. Those stories of making 100% return month over month are BS. You can't get over leveraged or you're dead. People get over leveraged because of greed. Ole' Bernie made a nice living off other peoples greed.
  • #229,725
  • Apr 22, 2010 8:45pm Apr 22, 2010 8:45pm
geeze i go to sleep for 4 hours....this is gettin fugly.
  • #229,726
  • Apr 22, 2010 8:48pm Apr 22, 2010 8:48pm
Quoting 2+2=4ex
Way to call me out on that . Of course the math is wrong, it was a joke and I wasn't going to spend time doing the math on it.

You actually believed I was going to try something like that?!
I was not debating myself on whether or not to believe you. I didn't spend much time on the math. It was obvious. I wasn't insulting you, just curious how you came up with it..
  • #229,727
  • Apr 22, 2010 8:50pm Apr 22, 2010 8:50pm
Did you guys notice when you lose big trade, you say "F-word". Because I've been saying this for the last hours 12 hours.
  • #229,728
  • Apr 22, 2010 8:51pm Apr 22, 2010 8:51pm
Quoting Kramerica
I was not debating myself on whether or not to believe you. I didn't spend much time on the math. It was obvious. I wasn't insulting you, just curious how you came up with it..
I know. I'm just in a major f*ing around mood, and not in a mean way. Wouldn't it be great if there was no margin? In some ways excess cash can compensate for margin though. Good luck.
  • #229,729
  • Apr 22, 2010 8:55pm Apr 22, 2010 8:55pm
My prediction says 3150 by 6am we don't have time for a retrace. Then it said .3100 by 8pm so maybe we gonna have a retrace during the day. Or mybe massive retrace at .3160. Expect nothing prepare for everything. I really should pull up that data from Sunday and see what the end was going to be, but I'm so tired. It's 3am in Brighton.
Founder of Sutherland Wave Principle
  • #229,730
  • Apr 22, 2010 8:57pm Apr 22, 2010 8:57pm
Quoting 2+2=4ex
Hey what's up Donnie. trading must be going well doing the golf thing on a Thursday. Nice man. What'd you shoot?
Hey man, sorry it took me a bit...grabbed a quick bite. lol, I shot an 87. I'm a hack but it's still fun watching the ball go flying through the air in a controlled flight path when I get a hold of one. I play each round for about 5-10 good shots, give me 3-4 pars and maybe a birdie..I'm happy. lol

Trading is going good too although I'm still down today a bit.
  • #229,731
  • Apr 22, 2010 9:00pm Apr 22, 2010 9:00pm
Oh look....3201. Who woulda thunk?
  • #229,732
  • Apr 22, 2010 9:02pm Apr 22, 2010 9:02pm
Quoting 2+2=4ex
I know. I'm just in a major f*ing around mood, and not in a mean way. Wouldn't it be great if there was no margin? In some ways excess cash can compensate for margin though. Good luck.
Good luck to you too!.. I actually did double my acount in the past couple of weeks.. I only hope now I don't half it again.. LOL It's just play money for me.. and not a lot.. under 1k
  • #229,733
  • Apr 22, 2010 9:05pm Apr 22, 2010 9:05pm
Quoting uraceulose
Hey man, sorry it took me a bit...grabbed a quick bite. lol, I shot an 87. I'm a hack but it's still fun watching the ball go flying through the air in a controlled flight path when I get a hold of one. I play each round for about 5-10 good shots, give me 3-4 pars and maybe a birdie..I'm happy. lol

Trading is going good too although I'm still down today a bit.
Nice man. Wow I'm about the same in golf. Good day I'm in the mid-high 80's. Bad day somewhere in the 90's. Really bad day possibly 100+. And I take my score legit. I don't skip counting a stroke, or move the ball off an obstruction. I hit off the car path although I mess my club up. I try not to take gimmies either, although I will sometimes if within a foot. Some of my friends cheat but what the hell its all for fun. Take it easy bud and good luck.
  • #229,734
  • Apr 22, 2010 9:08pm Apr 22, 2010 9:08pm
Quoting Kramerica
Good luck to you too!.. I actually did double my acount in the past couple of weeks.. I only hope now I don't half it again.. LOL It's just play money for me.. and not a lot.. under 1k
Yea doubling up is possible on a small stretch, but for the long run it's not a sustainable pace. There's a better chance I will knock up Posh Spice then double up monthly for years.
  • #229,735
  • Apr 22, 2010 9:12pm Apr 22, 2010 9:12pm
Some airports are closed again as winds send new cloud of volcanic ash over them.

Now i know why EU tanked...
Great Bodies are Engineered not Born
  • #229,736
  • Apr 22, 2010 9:13pm Apr 22, 2010 9:13pm
Quoting RichLadyFX
Some airports are closed again as winds send new cloud of volcanic ash over them.

Now i know why EU tanked...
Yeah....because it's been going down all year.
  • #229,737
  • Apr 22, 2010 9:15pm Apr 22, 2010 9:15pm
I got retrace .3275 by 12pm then drop off a cliff to 3169 by 4pm 8pm. Something like that this stuff rarely plays out exactly as it is shown. And I prolly reading it wrong as I'm knackered.
Founder of Sutherland Wave Principle
  • #229,738
  • Apr 22, 2010 9:15pm Apr 22, 2010 9:15pm
Quoting uraceulose
Hey man, sorry it took me a bit...grabbed a quick bite. lol, I shot an 87. I'm a hack but it's still fun watching the ball go flying through the air in a controlled flight path when I get a hold of one. I play each round for about 5-10 good shots, give me 3-4 pars and maybe a birdie..I'm happy. lol

Trading is going good too although I'm still down today a bit.
Hey Donnie - saw your post earlier. Everyone's been there, it's part of the learning process. Embrace the memory of the moment that it happened.....it will make it easier for you to never do it again!
  • #229,739
  • Apr 22, 2010 9:19pm Apr 22, 2010 9:19pm
Morning to all,nice to see some profit & close for now first chance , tp not reached though 1.3197,ok. to retake if later .Nice rally down , 3 more daily candles can be expected.anyway now pa on the way to end of 5th subwave extension wave 1 in wave 3 of the big 5, next wave 2 up can be there up after this wave end.

Want more fall in gj,gu,& gold but they seem more resistant , simply up & down at the upper level , to down permanently & ultimately .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #229,740
  • Apr 22, 2010 9:26pm Apr 22, 2010 9:26pm
Possible first touch of a new double bottom at around .3067 Eh wouldn't that be a trip.
Founder of Sutherland Wave Principle
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