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  • #253,681
  • Jun 6, 2010 9:52am Jun 6, 2010 9:52am
Quoting fxswing
People do lose money because they can't use discipline, and act for their best interest. To win in Forex you need to lose money at the inflexion points, where doing so prevent a catastrophic loss for the account.
Want a proof: Open a demo account and try to consistently lose money day after day and you will find that it's harder that you would believe, not because of the market but because of the trader's psychology making him is own worst enemy.
I agree, I will gladly watch 8 out of 10 trades get stopped out at be or for a less than 40 pip loss in exchange for the other 2 of the 10 going for a 100+ pip run.

When I have trades going negative 100+ pips my psychology goes into the toilet and I become my own worst enemy so I can't handle that. I am sure other peoples trading style can but I can't.
  • #253,682
  • Jun 6, 2010 9:53am Jun 6, 2010 9:53am
Quoting fxswing
All spot transactions will end in the interbank because brokers hedge their positions with interbank feeds. So there is only one spot market. The difference is that retail can't see the market depth with the liquidity.

Concerning the spot market I gave you the figures, it's WAY bigger than futures, it's approximative but the scale is right...

People do lose money because they can't use discipline, and act for their best interest. To win in Forex you need to lose money at the inflexion points, where doing so prevent a catastrophic loss for the...

ok, 1st. There is one real market yes.
but we are not on it unless you have a lot more money then I have.

people lose money because broker play games
and yes MM of coarse.

as for the number you quoite I believe you are qoiting assets not trades.
so yes banks do have more money then they trade.

as for trade... oanda you can trade and open not just close.

cheers

teb
  • #253,683
  • Jun 6, 2010 10:10am Jun 6, 2010 10:10am
Quoting TEB63
ok, 1st. There is one real market yes.
but we are not on it unless you have a lot more money then I have.

people lose money because broker play games
and yes MM of coarse.

as for the number you quoite I believe you are qoiting assets not trades.
so yes banks do have more money then they trade.

as for trade... oanda you can trade and open not just close.

cheers

teb
People lose money because of their bad decisions, planning, risk control...
Losers always find good reasons as to why they're losing, they should stop whining and start to take responsibility.
Nobody force a trader to enter in a market, he's free to wait for the good opportunity, giving him good risk / reward probabilities and pounce, but that require patience and discipline that most people don't have because they want to be exited by the "game"...

Only losers whine about what they want to call brokers games when in fact they just can't stand the market risks, psychologically.
The market is the same for all, you can open a micro lot trade or a 10.000 lots trade, market will be the same and won't care about YOU...
The problem is THE trader, not the market, as long as you don't believe that you won't progress in trading imho...
Because if the problem would be the market, then you couldn't do anything about it and you would never be able to win.
But if you realize that the problem is the trader, then you can change yourself, and switch from a loser to a winner, but that's a really though work to do on yourself and few people strive to do it, that explain the high rate of failure...
Getting it right is NOT as important as not getting it wrong.
  • #253,684
  • Jun 6, 2010 10:17am Jun 6, 2010 10:17am
Quoting gatorinla
you can pick out the coward in the crowd. he will usually have the loudest mouth in the crowd. but constantly look behind to see where the crowd is. when called out he will end up behind the crowd or with his back turned to danger. put the coward on ignore. he will add nothing to your account.
Wise.
  • #253,685
  • Jun 6, 2010 10:20am Jun 6, 2010 10:20am
Quoting fxswing
People lose money because of their bad decisions, planning, risk control...
Losers always find good reasons as to why they're losing, they should stop whining and start to take responsibility.
Nobody force a trader to enter in a market, he's free to wait for the good opportunity, giving him good risk / reward probabilities and pounce, but that require patience and discipline that most people don't have because they want to be exited by the "game"...

Only losers whine about what they want to call brokers games when in fact they just can't stand...
Lately I have had to stop using SL because of getting kicked out of good trades by spikes which seem to come out of nowhere and some for absolutely no discernible reason. The price either goes up or down 100 pips or more and returns immediately to where it was before.

I would have said that this was broker stop hunting, but it is not since I checked several different brokers and they all showed the same strange spike.

The only way that I can find to handle this is to personally babysit trades with an unposted SL. This is very tiring but I just see no other way to avoid losing good trades or trades which will be good as proved by what later occurred with the pairs.
  • #253,686
  • Jun 6, 2010 10:20am Jun 6, 2010 10:20am
Quoting Pollux
Maybe you can make me understand...
its based mostly on commerce... when you sell exports. currency changes from the buyers (importer) currency to the sellers (exporters ) currency putting a premium on the exporters currency due to demand. making the exporters slightly more valuable then it was at that moment in time comparable. in a free floating market the u.s. compared to china currency would have depreciated greatly in the last 20 years. (because of this supply and demand concept) But china does not float its currency so it does not work. it makes china's products subsidized by its government. on the same token usd verses euro have been manipulated the same as china does. early on the euro was losing value comparably. u.s. fed or the world feds did not want euro to fail. so many devalued their currency to save the euro. they had no problem doing this because it helped with exports. so since euro .8xxx its been artificially floated. ezu did not mind because they could sell to the other members with the same currency.

the problem is it cant last forever. at 1.6 the camels back broke. oil was too high because u.s. devalued usd too much. at the same time china's commodity demand was greatly increased applying more pressure. markets find their on equalization when allowed. the less and less the fed interferes the better off we will be. the fed is owned by banks, the same ones it saved. when the light is on the roaches scatter. the political tide has turned. the fed fears audit and will be less willing to interfere. America was raped in the greatest transfer of wealth in history. the sheep didn't see it because they had a new car in the driveway (they didn't even care). The small print on the lease will last 50 years or more. When china floats currency we will all be better off. you don't remain strong by giving it all away for shinny beads. Rule of 72 will insure china cant keep this up forever. for every action there is a reaction. but until ez looses market share each tic of the clock. these tics brings down ez including none ezu members like the uk and the swiss.. Hungary ....
No country with a weak banking system and no commodities and or decreasing industrial market share. Should have a currency valued higher then a country such as the ozz kiwis or loonies.. Keep in mind the u.s. could still have all 3 if it stopped giving it all away for a few elite.

good luck
those who can, do. those who cant, talk about those who can
  • #253,687
  • Jun 6, 2010 10:22am Jun 6, 2010 10:22am
Quoting moonchild

The only way that I can find to handle this is to personally babysit trades with an unposted SL.
I also trade like that. Earlier EU was good with 20 pips s/l , then 32...now I dont put s/l at all. Just take care of pivots, quarter pivots and s/r levels
  • #253,688
  • Jun 6, 2010 10:26am Jun 6, 2010 10:26am
Quoting fxswing
People lose money because of their bad decisions, planning, risk control...
Losers always find good reasons as to why they're losing, they should stop whining and start to take responsibility.
Nobody force a trader to enter in a market, he's free to wait for the good opportunity, giving him good risk / reward probabilities and pounce, but that require patience and discipline that most people don't have because they want to be exited by the "game"...

Only losers whine about what they want to call brokers games when in fact they just can't...
Dear I am with you.u r right traders lossed because of there own decision.
I show my experiance in 2008 eur at 1. 28 ~ 1.24 zone, I sold 1.28 because I thought its touch 1.20 than I bought and take huge profit, but suddenly eur increased + 1.32 and I lossed my usd 6000, its for me too much losed.
But personaly speaking I bear all that responsibilities.

Right now I bought 1.226 and thought that's safe point but again its wrong decision and its come 1.19 but I am still holding and fight with last breath in my boddy, I will be lossed my 5700 if eur touch 1.16.

But dear if that touch 1.16 even I lossed again I bear all this because this is because of me, no buddy force me to bought.

I have just one hope to survive euro if not I again take a loss like 2008.

Best wishes,

Khizer
Trade what you see, Not what you think.
  • #253,689
  • Jun 6, 2010 10:30am Jun 6, 2010 10:30am
Quoting moonchild
Lately I have had to stop using SL because of getting kicked out of good trades by spikes which seem to come out of nowhere and some for absolutely no discernible reason....
Or why not recognize that we're in an elevated volatility period and act accordingly.
Use less leverage, to be able to withstand the volatility and keep positions in the market. This way you could have the same risk level stops ($ wise), without being impacted by the current volatility.
Getting it right is NOT as important as not getting it wrong.
  • #253,690
  • Jun 6, 2010 10:32am Jun 6, 2010 10:32am
Quoting Buai
I hear ya Khizer - I cant figure it out either.
But considering "the gap" phenomenon occurs, something has to moving price over the weekend, unless "the gap" occurs the instance the market opens. Which I doubt happens.
Perhaps Gator can enlighten us?
http://fxtrade.oanda.com/

looks like 1967 currently.. most of time crap posted here on sunday about gaps is bs.. they usually turn out false.. malc 14 has good info on current price.. and the sight posted
those who can, do. those who cant, talk about those who can
  • #253,691
  • Jun 6, 2010 10:38am Jun 6, 2010 10:38am
Quoting fxswing
Or why not recognize that we're in an elevated volatility period and act accordingly.
Use less leverage, to be able to withstand the volatility and keep positions in the market. This way you could have the same risk level stops ($ wise), without being impacted by the current volatility.
Not really, if you have a 40 or 60 or even 80 pip stop but there is a 100 pip spike, it makes no difference what leverage you are using, you lose your money.

And these spikes are totally unrelated to the current volatility.
  • #253,692
  • Jun 6, 2010 10:38am Jun 6, 2010 10:38am
Quoting gatorinla
http://fxtrade.oanda.com/

looks like 1967 currently.. most of time crap posted here on sunday about gaps is bs.. they usually turn out false.. malc 14 has good info on current price.. and the sight posted
So is it just fundies that moves the market on the weekend Gator?
  • #253,693
  • Jun 6, 2010 10:39am Jun 6, 2010 10:39am
Quoting TEB63
if it work great

I trade 15 to 30 a day ...normally one pair a day
we could not be more opp lol

I love it

teb
dont let the kid bother you.. i was called ignorant when i shorted at 1.51 and he was long.. long term . consider the source
those who can, do. those who cant, talk about those who can
  • #253,694
  • Jun 6, 2010 10:43am Jun 6, 2010 10:43am
Here is the first inkling of trouble at the powerhouse, if they are starting to curtail spending how are they expected to bailout the rest of them:

http://online.wsj.com/article/BT-CO-...atestheadlines

http://news.bbc.co.uk/1/hi/business/10249804.stm

http://www.businessweek.com/news/201...-spending.html
  • #253,695
  • Jun 6, 2010 10:43am Jun 6, 2010 10:43am
Quoting gatorinla
dont let the kid bother you.. i was called ignorant when i shorted at 1.51 and he was long.. long term . consider the source


be carefulllll....

mr austin powers dont like euro above level 1.50..... kkkkkkkkkkkkkkkkk
Let us be green
  • #253,696
  • Jun 6, 2010 10:45am Jun 6, 2010 10:45am
Quoting khizer
Dear I am with you.u r right traders lossed because of there own decision.
I show my experiance in 2008 eur at 1. 28 ~ 1.24 zone, I sold 1.28 because I thought its touch 1.20 than I bought and take huge profit, but suddenly eur increased + 1.32 and I lossed my usd 6000, its for me too much losed.
But personaly speaking I bear all that responsibilities.

Right now I bought 1.226 and thought that's safe point but again its wrong decision and its come 1.19 but I am still holding and fight with last breath in my boddy, I will be lossed my 5700 if...
Problem is that you're trying to fight the market. The market is your friend you don't have to fight it.
You must recognize that you can't change the market, so YOU have to change what you're doing wrong.
Trying to avoid losses is what kill the accounts, you must embrace losses as the needed expenses of doing trades.
Trading gains should be viewed as the result between trading losses and trading winnings. You can't avoid losing, that's impossible, trying to avoid it will make you broke...

Another problem is not knowing what you will do when a trade start going against you. Before entering you should know where you will declare defeat and kill the trade to protect you capacity to protect your capital and trade another day.
Entering a trade is all about how much you can lose if you're wrong. That's the only important thing. Control your risk, don't let the market control you.
When you have to resort to hope then you lost the control and market have you by the balls, and you are responsible for letting this happen.
Getting it right is NOT as important as not getting it wrong.
  • #253,697
  • Jun 6, 2010 10:48am Jun 6, 2010 10:48am
Quoting gatorinla
http://fxtrade.oanda.com/

looks like 1967 currently.. most of time crap posted here on sunday about gaps is bs.. they usually turn out false.. malc 14 has good info on current price.. and the sight posted
I m using forex.com
Trade what you see, Not what you think.
  • #253,698
  • Jun 6, 2010 10:49am Jun 6, 2010 10:49am
Quoting leafarct
be carefulllll....

mr austin powers dont like euro above level 1.50..... kkkkkkkkkkkkkkkkk
Hope this Explain something even it old post
http://www.forexfactory.com/showpost...postcount=7129

And something older but no explanation just view
http://www.forexfactory.com/showpost...stcount=189485
  • #253,699
  • Jun 6, 2010 10:50am Jun 6, 2010 10:50am
Quoting Buai
So is it just fundies that moves the market on the weekend Gator?
asian markets have been on decline for weeks/longer. even as u.s. market has clung on...without more then a 10% drop.. that changed friday.. u.s markets slipped.. watch yen pairs!!!!!! ej, gj as well as eu.... asia has yet to react to friday drop.. commodity pairs also..aj may be a good one..
those who can, do. those who cant, talk about those who can
  • #253,700
  • Jun 6, 2010 10:54am Jun 6, 2010 10:54am
Quoting khizer
I m using forex.com
i didnt read your post to be honest.. so i dont know if i offended you r not. but compare a few.. most are wrong
those who can, do. those who cant, talk about those who can
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