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  • #239,721
  • May 10, 2010 11:26am May 10, 2010 11:26am
Quoting uraceulose
be thankful you're on demo


edit: and gator I saw your fat lady post

sad to say i'm not on demo, was banking on the ecb thingy not pulling through. well, i'll be back to trading mini lots if it went up again, still holding my short as pa seems want to go down.... or am i seeing things??
loss 100k in Forex, up 1k, still have 99% to go!!
  • #239,722
  • May 10, 2010 11:26am May 10, 2010 11:26am
Quoting Clouds
the relief rally is done. ill laugh my ass off if the dow drops 500 points, while the sec investigates the dow today
Yep, There has been Huge manipulation with it but nothing stay forever.
  • #239,723
  • May 10, 2010 11:27am May 10, 2010 11:27am
Quoting mfoste1
i guess you didnt use stops.....sounds like over trading small TFs

i had a stop, but right at 1.2950 where i know how much is my lost. did not expect the gap to be so wide!! so caught with my pants down u could say
loss 100k in Forex, up 1k, still have 99% to go!!
  • #239,724
  • May 10, 2010 11:28am May 10, 2010 11:28am
Thank you guys for the advice, I'll give it a try

JEG
  • #239,725
  • May 10, 2010 11:28am May 10, 2010 11:28am
Quoting evilglory
sad to say i'm not on demo, was banking on the ecb thingy not pulling through. well, i'll be back to trading mini lots if it went up again, still holding my short as pa seems want to go down.... or am i seeing things??

you risked 16K then of a 17K total account? on a day like today? damn man, u got some balls or ur just plain crazy
  • #239,726
  • May 10, 2010 11:29am May 10, 2010 11:29am
3
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Trade on your own risk Plan your trade&trade your plan dont be a
  • #239,727
  • May 10, 2010 11:30am May 10, 2010 11:30am
Quoting uraceulose
Hello,

They're open 24/7 for trading. The rate rarely moves other than normal hours and right before/after close.

The spread does increase to 10 pips+ after normal trading hours.

You cannot hedge but you can open as many sub-accounts as you want and there is no fee whatsoever with oanda.

I have MINOR connection issues but nothing compared to ANY mt4 platform I've every used.

My connection issues to be honest though are more than like related to my outdated wireless card


Thank you for your reply - uraceulose.

Nice to hear that - so 24/7 is the word we have to be focused at. In other words - you have not have seen a "so-called" gap as well - when markets opened in New Zealand on Sunday.

And this is a quite important point I think. Danke für den Gedankenanstoß...



http://cdn.forexfactory.com/images/icons/icon14.gif



Greetings

mercy
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #239,728
  • May 10, 2010 11:33am May 10, 2010 11:33am
Quoting uraceulose
you risked 16K then of a 17K total account? on a day like today? damn man, u got some balls or ur just plain crazy

i got in on last week, was abit stupit i admit. now have to rebuild my account. this is the (lost count) time i blew a account. only thing is i'm still in the trade with 1 lot. so at least there is something left.

btw, anyone using AVA? used it before, but keep blowing up any amount i put in, seems ill fated to me. IBFX also blew some account. now using a local broker, but its system sucks, price is slower then market when there's action and hard to place order when price move fast
loss 100k in Forex, up 1k, still have 99% to go!!
  • #239,729
  • May 10, 2010 11:34am May 10, 2010 11:34am
Quoting evilglory
sad to say i'm not on demo, was banking on the ecb thingy not pulling through. well, i'll be back to trading mini lots if it went up again, still holding my short as pa seems want to go down.... or am i seeing things??
Don't feel bad.. I blew a big account too.. A lot different going from demo to live account.. I found out.. LOL..
  • #239,730
  • May 10, 2010 11:34am May 10, 2010 11:34am
Quoting mercy seat
Thank you for your reply - uraceulose.

Nice to hear that - so 24/7 is the word we have to be focused at. In other words - you have not have seen a "so-called" gap as well - when markets opened in New Zealand on Sunday.

And this is a quite important point I think. Danke für den Gedankenanstoß...



http://cdn.forexfactory.com/images/icons/icon14.gif



Greetings

mercy
Mercy,

Yep, no gaps whatsoever on oanda. there will be times of course where they do maintenance on the platform or whatever and then you can't trade(but this has happened once or twice in I'd say the last 6 months) and it was after hours and they sent an email letting you know it was gonna happen.

It is to your advantage though to know that the gap may close/is closing before a lot of people even see it's there..
  • #239,731
  • May 10, 2010 11:35am May 10, 2010 11:35am
EURO-DOLLAR: Slapped down to $1.2830 area in the wake of the Moody's
comments on various eurozone countries, returning the pair to near
morning lows. Bids in place still to around $1.2810 area, stops a risk
sub $1.2790 area of Asian lows.

Provided by: Market News International
Trade on your own risk Plan your trade&trade your plan dont be a
  • #239,732
  • May 10, 2010 11:36am May 10, 2010 11:36am
Quoting evilglory
lost 16k today ....... now back to the old drawing board with less that 1k in my balance. still holding 1 lot eu short.... really bad day
Lost 90% of your account today ? your MM gotta be crazy...you gotta start by reviewing your MM mate
COT: The precious data ignored
  • #239,733
  • May 10, 2010 11:37am May 10, 2010 11:37am
Quoting Trading Cat
3
i really hope this one is gonna work out
  • #239,734
  • May 10, 2010 11:37am May 10, 2010 11:37am
Quoting evilglory
i got in on last week, was abit stupit i admit. now have to rebuild my account. this is the (lost count) time i blew a account. only thing is i'm still in the trade with 1 lot. so at least there is something left.

btw, anyone using AVA? used it before, but keep blowing up any amount i put in, seems ill fated to me. IBFX also blew some account. now using a local broker, but its system sucks, price is slower then market when there's action and hard to place order when price move fast
dang man, that sucks. i gave back some of my profit too after a great first 4 days of the week.. never heard of AVA..check out the broker section though too.

good luck with your last lot.
  • #239,735
  • May 10, 2010 11:38am May 10, 2010 11:38am
Quoting evilglory
i got in on last week, was abit stupit i admit. now have to rebuild my account. this is the (lost count) time i blew a account. only thing is i'm still in the trade with 1 lot. so at least there is something left.

btw, anyone using AVA? used it before, but keep blowing up any amount i put in, seems ill fated to me. IBFX also blew some account. now using a local broker, but its system sucks, price is slower then market when there's action and hard to place order when price move fast
Whoa! I've used 0.1 micro lots with FXOpen. I was kind of ticked last night when I used 0.4 micro lots and took a loss going long on the EUR/USD.

Anyone here with previous FX experience watching governments intervene in their currency? How often will they try to push it back up? I heard on Bloomberg the money may only last until August.
  • #239,736
  • May 10, 2010 11:38am May 10, 2010 11:38am
Quoting kuroro001
Lost 90% of your account today ? your MM gotta be crazy...you gotta start by reviewing your MM mate
What MM?

Hope it was a good lesson anyway...
  • #239,737
  • May 10, 2010 11:38am May 10, 2010 11:38am
Quoting ido370
i really hope this one is gonna work out
dont hope man do ur analysis and let the market do its job. When you are already in a trade and in profit sl in be does the job
Trade on your own risk Plan your trade&trade your plan dont be a
  • #239,738
  • May 10, 2010 11:38am May 10, 2010 11:38am
Quoting Kramerica
Don't feel bad.. I blew a big account too.. A lot different going from demo to live account.. I found out.. LOL..

actually never use demo before, i started using live when i first touch forex, thats why i'm down about 70k since i started. was about to quit when i'm left with 2k in nov last year, but sort of nurse that 2k to 28k last week. did take out 10k last week before being stupit and lost 17k.
loss 100k in Forex, up 1k, still have 99% to go!!
  • #239,739
  • May 10, 2010 11:42am May 10, 2010 11:42am
Quoting Trading Cat
dont hope man do ur analysis and let the market do its job. When you are already in a trade and in profit sl in be does the job
i don't see any clear movement up right now on my chart, however stochastic should turn anytime by now... (on 15m, 14,7,3)
  • #239,740
  • May 10, 2010 11:43am May 10, 2010 11:43am
Quoting evilglory
actually never use demo before, i started using live when i first touch forex, thats why i'm down about 70k since i started. was about to quit when i'm left with 2k in nov last year, but sort of nurse that 2k to 28k last week. did take out 10k last week before being stupit and lost 17k.
Ohhh boy.. well.. the good news is you went from 2k to 28k.. that's huge..
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