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  • #258,141
  • Jun 15, 2010 7:43am Jun 15, 2010 7:43am
Quoting Naseri13
Sold at 1.2275
WAIT FOR 1.2230 - 20 and better point too run.
Sold again
A little beginner trader since 2006
  • #258,142
  • Jun 15, 2010 7:44am Jun 15, 2010 7:44am
Quoting yamaha
why no one answer my post ?

In my opinion you should stop trading live, trade on a demo account for at least 6 months so you can learn, while at the same time you save money to properly fund a trading account.
Biggest problem in this business is being undercapitalized, don't fall for the crap brokers tell you about opening an account with $300.00,
It may work if you are very good but the odds are against you and with such little amount of money you don't have enough cushion to stand a series of losses, which happen from time to time.

Hope this helps and good luck
Alex
If only I knew then what I know now...
  • #258,143
  • Jun 15, 2010 7:45am Jun 15, 2010 7:45am
Quoting 2+2=4ex
I didn't notice your post before. It's hard for someone to answer this question because no one wants to give you bad advice and whatever advice they give could go bad (or good). No one here knows the future. All we can do is estimate on probabilities. Here's what I would do... if it's money you could live without then I would hang in there. If not, I would immediately draw out all supports, resistances, pivot points, fibonacci levels and trend lines on a 4 hour chart. If the nearest line is far away I would close the position. Then reenter whenever...

really thanks for advice .. but the problem i am new & still not have experance with charts
  • #258,144
  • Jun 15, 2010 7:45am Jun 15, 2010 7:45am
Quoting Trading Cat
well said good on you
thanks TC. And thanks for the reconition.
  • #258,145
  • Jun 15, 2010 7:46am Jun 15, 2010 7:46am
Heads up for 2295 resistance and 1.23 round number, possible double top on the 1h. MAs point that the resistance might contain it for a while, giving enough time for a nice short with an hourly horizon, if and when this level is tested and rejected.
  • #258,146
  • Jun 15, 2010 7:48am Jun 15, 2010 7:48am
Quoting Prosac_100Mg
Sorry Kingfisher but i get really , really irritated every time some one gives this advice. He is going to lose 300 bucks , should he really wait 2 years before losing another 300.
For the people being in demo / paper trading. Find a broker with micro lot trading or lower trading size (Oanda for ex.), and trade with very low volume 1-2 micro lots.
This will be 100 times better than demo trading because even if it would be small money (approx $8 for 100 eursusd pips gains/loss), you will gain a lot by trading real money, especially on the psychology side...
Getting it right is NOT as important as not getting it wrong.
  • #258,147
  • Jun 15, 2010 7:48am Jun 15, 2010 7:48am
why you sold Naseri?
  • #258,148
  • Jun 15, 2010 7:50am Jun 15, 2010 7:50am
Quoting trade price
what i mean is.look at the chart. whatever time frame they trade.most people take the counter trend trades.and i have no intention to go furthur with this.
.
good trading to you
regards
sho
Look, today on my M5 chart the trend is up, we can argue all day long about it, I agree with you that we shouldn't
  • #258,149
  • Jun 15, 2010 7:51am Jun 15, 2010 7:51am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting yamaha
really thanks for advice .. but the problem i am new & still not have experance with charts
Do you use SL (stop loss) I asume you do not? SL is essential to protect your equity, your equity is your staying power. Protect your equity/investment at all times. Do not put all your money on one trade. Take the loss and look for other trade set-ups.
Being right is one, taking it from the table is two.
  • #258,150
  • Jun 15, 2010 7:55am Jun 15, 2010 7:55am
Quoting fxswing
For the people being in demo / paper trading. Find a broker with micro lot trading or lower trading size (Oanda for ex.), and trade with very low volume 1-2 micro lots.
This will be 100 times better than demo trading because even if it would be small money (approx $8 for 100 eursusd pips gains/loss), you will gain a lot by trading real money, especially on the psychology side...
...& accept responsibility could making more fun :-)
  • #258,151
  • Jun 15, 2010 7:55am Jun 15, 2010 7:55am
Quoting Naseri13
Sold again
http://www.forexrainbow.com/files/et...n6d0atl8zy.jpg
A little beginner trader since 2006
  • #258,152
  • Jun 15, 2010 7:56am Jun 15, 2010 7:56am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting Naseri13
http://www.forexrainbow.com/files/et...n6d0atl8zy.jpg
No SL???
Being right is one, taking it from the table is two.
  • #258,153
  • Jun 15, 2010 7:59am Jun 15, 2010 7:59am
Quoting Now
No SL???
he will soon be covering with market orders
  • #258,154
  • Jun 15, 2010 7:59am Jun 15, 2010 7:59am
Quoting Now
No SL???
my account is always accepting donations!
  • #258,155
  • Jun 15, 2010 8:01am Jun 15, 2010 8:01am
Quoting yamaha
my equity now it 65 ... i don't know if i can take buy now

do u advice my to take buy and close the sell ??
Personnaly, I'd close the trade and continue trading with the $ 65. I'd define a new maximum risk per trade = $ 0.30 and I'd wait until I've grown the account back to $ 100 before re-funding my account.

But that's just me and I've blown $ 10,000 accounts one after the other before becoming consistent while I should have done what I just told you.
  • #258,156
  • Jun 15, 2010 8:02am Jun 15, 2010 8:02am
Coming up : test of 2295
  • #258,157
  • Jun 15, 2010 8:03am Jun 15, 2010 8:03am
Quoting Now
No SL???
Closed with 5.7 pips
A little beginner trader since 2006
  • #258,158
  • Jun 15, 2010 8:04am Jun 15, 2010 8:04am
Quoting Naseri13
Closed with 5.7 pips
lol, what a liyer...
  • #258,159
  • Jun 15, 2010 8:04am Jun 15, 2010 8:04am
haha who sold w/o SL?
  • #258,160
  • Jun 15, 2010 8:05am Jun 15, 2010 8:05am
Quoting bad$ala
haha who sold w/o SL?
the long nose liyer nasseri
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