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  • #244,641
  • May 19, 2010 10:49am May 19, 2010 10:49am
Quoting podrilla
any nice trade to share?
well, I actually just took short up there off of S1 on EU but I've already moved my stop so I'm going to wait and see if we happen to bounce back up there, I'll probably short it again..actually GU could be ripe real soon, it seems to be having a tough time with the pp, came up and tapped the 4400 zone and then right back down..
  • #244,642
  • Edited 11:01am May 19, 2010 10:51am | Edited 11:01am
Quoting deeZG
Could you please explain a bit this logic about aud/china?

It's not that I audit it but don't know anything about it so if you could help.

thanks
China buys A LOT of commodities from Australia, probably more or less their entire export market...if China bubble bursts, Australia feels it big time...

Think EU right now and Brazil for example

edit: the way this line should have been worded is "China buys a lot of Australia's commodities" it came across like I meant China gets almost all of their commodities from AU after re-reading it
  • #244,643
  • May 19, 2010 10:51am May 19, 2010 10:51am
some dummy repeated here about 500 times "cat laid off". about 7 months ago. when they start hiring things will have started to improve in commodities.
part demand don't count. when they start building new machinery does.

200 ma broken below s/p......1102
those who can, do. those who cant, talk about those who can
  • #244,644
  • May 19, 2010 10:52am May 19, 2010 10:52am
Quoting giaspyr
Right again, i was not talking about this now but more generelly, and what u say is easier if ur a long term traider and if u have the account balance for very wide stop losses.
Hi Giaspyr,

I just wanted to mention that if you want to be able to control exactly how much a pip is worth and thus be able to use wide stops for almost any account amount, you can use Oanda. Oanda allows you to select the number of units you want to trade. So, you don't have to worry about the lowest amount you can trade being a dime with a mini lot, etc. I know a lot of traders out here don't like Oanda for other reasons, but I use an MT4 broker for my charting and I use the Oanda account for order entry and actual trading.

Also, I don't know how you would define wide stops, but I don't think most traders on this forum are necessarily using wide stops. Quite the contrary, I think they have a lot of patience and chose their entries carefully enough so that they can use very tight stops.

Just FYI,

McPip
Trading Foreign Exchange....But Only By The Grace of God!
  • #244,645
  • May 19, 2010 10:55am May 19, 2010 10:55am
Quoting uraceulose
Thank you...and to the guy who said this was his worst trading day, instead of using a tighter SL...when learning use a smaller position and a larger stop so you can have more margin for error if you don't get a "perfect" entry which is hard to do..
i was doing that believe me, but i only had 2 shorts 0.1 lots each with 50 pips SL, so this is the biggest loss(in pips) i ever had on real account. now i know it`s not much money but is moral loss.
so i`m not in the mood of trading right now. i would smoke a cigarette, but i quit smoking.
  • #244,646
  • May 19, 2010 10:56am May 19, 2010 10:56am
Quoting uraceulose
China buys A LOT of commodities from Australia, probably more or less their entire export market...if China bubble bursts, Australia feels it big time...

Think EU right now and Brazil for example
... and because the majority of Aud pairs plummeted today, Jpy will feel the pain. Study up on Commodity pairs/countries and their negative/positive effect on the global market.

Major commodity pairs: Aud, Nzd, Cad, Jpy (some say Jpy is commodity while others beg to differ).
  • #244,647
  • May 19, 2010 10:56am May 19, 2010 10:56am
Good morning all, just opened short position @1.2300 [email protected] [email protected] Good luck to all.
  • #244,648
  • May 19, 2010 10:58am May 19, 2010 10:58am
Quoting rygel2001
i was doing that believe me, but i only had 2 shorts 0.1 lots each with 50 pips SL, so this is the biggest loss(in pips) i ever had on real account. now i know it`s not much money but is moral loss.
so i`m not in the mood of trading right now. i would smoke a cigarette, but i quit smoking.
well try and stay away from the damn cigarettes. don't worry about taking a 50 pip hit once in awhile. losses stink but in business, you have to take losses sometimes. if ur not in the mood, take a breather for a few hours
  • #244,649
  • May 19, 2010 10:59am May 19, 2010 10:59am
Quoting gatorinla
some dummy repeated here about 500 times "cat laid off". about 7 months ago. when they start hiring things will have started to improve in commodities.
part demand don't count. when they start building new machinery does.

200 ma broken below s/p......1102
You could learn alot from a "dummy"....

Sorry...couldn't resist...
  • #244,650
  • May 19, 2010 10:59am May 19, 2010 10:59am
Quoting uraceulose
well, I actually just took short up there off of S1 on EU but I've already moved my stop so I'm going to wait and see if we happen to bounce back up there, I'll probably short it again..actually GU could be ripe real soon, it seems to be having a tough time with the pp, came up and tapped the 4400 zone and then right back down..
nice
  • #244,651
  • May 19, 2010 11:01am May 19, 2010 11:01am
Forex, the most manipulated market in the Universe.

For days like this I understand why 97% of traders lose in Forex, and from 3% who win, 1% are brokers, 1% are people with privileged information and only 1% are consistently profitable traders.

Face it, this is the harshest market in the world. You have 99% odds of lose.
  • #244,652
  • May 19, 2010 11:03am May 19, 2010 11:03am
Now again trying for 1.2273 , short done for some profit & long entry possible .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #244,653
  • May 19, 2010 11:04am May 19, 2010 11:04am
This becomes very funny...

http://support.fxcm.com/status/
big numbers are our friends...
  • #244,654
  • May 19, 2010 11:07am May 19, 2010 11:07am
Quoting deeZG
This becomes very funny...

http://support.fxcm.com/status/
FXCM delaying orders? damm that's bad luck
  • #244,655
  • May 19, 2010 11:08am May 19, 2010 11:08am
Quoting deeZG
This becomes very funny...

http://support.fxcm.com/status/
heh, sucker
  • #244,656
  • May 19, 2010 11:08am May 19, 2010 11:08am
  •  crmcwi
  • | Joined Mar 2010 | Status: Entrepreneur, Programmer, Analyst | 35 Posts
Quoting alex.fx
looks like 30min and 1hr trend lines are going to hold it and we are going down.
alex, my m30 is up and we broke through. could you enlighten a newbie please?
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  • #244,657
  • May 19, 2010 11:09am May 19, 2010 11:09am
Quoting uraceulose
China buys A LOT of commodities from Australia, probably more or less their entire export market...if China bubble bursts, Australia feels it big time...

Think EU right now and Brazil for example

edit: the way this line should have been worded is "China buys a lot of Australia's commodities" it came across like I meant China gets almost all of their commodities from AU after re-reading it
Ok, I knew about AUD&CAD that they are commodity currencies.

What I didn't understand is: what should we conclude about 'China's doing' looking at AUDUSD?

thanks for your time&will
big numbers are our friends...
  • #244,658
  • May 19, 2010 11:10am May 19, 2010 11:10am
Quoting kandarv
FXCM delaying orders? damm that's bad luck
Not only that...

this is a message when you try to live chat with their help desk:

Quote
FXCM is aware that some clients may be experiencing technical issues and we are experiencing heavy chat volume. You are number 38 in the queue. Your wait time will be approximately 9 minute(s) and 21 seconds. In order to get an update on any technical ssues being experienced, please visit http://support.fxcm.com/status. Thank you for your patience.

big numbers are our friends...
  • #244,659
  • May 19, 2010 11:11am May 19, 2010 11:11am
Quoting kandarv
FXCM delaying orders? damm that's bad luck
Bustards, I lose profits too.. "No connection". Curious if those morons

are serious about Biz, or running their Junk off Dial-up Network?

"Delays" My A$$, no connection at all.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #244,660
  • May 19, 2010 11:13am May 19, 2010 11:13am
Quoting deeZG
Not only that...

this is a message when you try to live chat with their help desk:

Quote
FXCM is aware that some clients may be experiencing technical issues and we are experiencing heavy chat volume. You are number 38 in the queue. Your wait time will be approximately 9 minute(s) and 21 seconds. In order to get an update on any technical ssues being experienced, please visit http://support.fxcm.com/status. Thank you for your patience.

I'm guessing none of the FXCM users can trade now, that's a way of "banning short"? lol!
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