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  • #260,241
  • Jun 18, 2010 11:11am Jun 18, 2010 11:11am
[quote=gurangax;3813129]
Quoting Intensity
Are you new to trading ? Anyway, being cautious it the way to go, experienced or not.


I traded since last year. Many ups and downs. Now I only trade when I'm sure to win
You are never sure, there is no 100% guarantee, so I guess you dont trade much, lol.
  • #260,242
  • Jun 18, 2010 11:12am Jun 18, 2010 11:12am
Quoting Intensity
Ronald Raygun started trading even sooner The sooner you start, the more time you'll have to enjoy the profits
oh that means you're going to go to sleep soon ? That sucks, you can't watch all the matches.
traders are getting younger & younger.
plenty of time to make mistakes early on too.

yeah, sooner or later.
u mean the world cup?
i have trouble sitting & watching it. i'd rather be in the action than watch the action/inaction.
  • #260,243
  • Jun 18, 2010 11:12am Jun 18, 2010 11:12am
just stumbled across the 50ema on my mt4 1hr chart... right at 2351.

that plus the DP at 2346 and this bein a friday should tell you alot. whatever end of session book settling takes place, this thing could go either way next week on the open or nowhere at all.
FUBAR...
  • #260,244
  • Jun 18, 2010 11:13am Jun 18, 2010 11:13am
Quoting Intensity
Stick to your system, even if it works fine NEVER try to invest a large percentage of your account.
Never ever ever ever.
Stick to your system, limit your risk (mine is lower than 0.5% of my account) and you'll do fine.
yeah. anyway is enough trading for today. Good luck to you n all.
Gambling with PA
  • #260,245
  • Jun 18, 2010 11:16am Jun 18, 2010 11:16am
[quote=KumoDragon;3813147]
Quoting gurangax

You are never sure, there is no 100% guarantee, so I guess you dont trade much, lol.
there is a sure thing if u know what i mean. 10 pips is easy but just don't over do it. i'll leave now. good luck
Gambling with PA
  • #260,246
  • Jun 18, 2010 11:20am Jun 18, 2010 11:20am
Quoting ak4x
errr.. ok

i don't believe the market will take a Pass on all those juicy stops just below the xx50 level.

in this particular case of being within a few pips of a major price level like a round number or whatever, i've watched what i believe is my bucketshop borker (ibfx) spiking the spread a couple pips or jacking the price by the same to squeeze that one or two remaining pips that take you out before roaring off.

in other words if the bulk of their clients are long, they just KNOW there's a bunch of stops just under the figure... or...
I didn't see my broker make spike like that at normal market hour (some time I see spike on their charts after NY close and before Tokyo open as low liquidity at that period). Anyway, took 2 trades and got 3 pips each
  • #260,247
  • Jun 18, 2010 12:08pm Jun 18, 2010 12:08pm
TP's on remaining lots raised a few pips to 2353 (psych level + spread) as I don't believe there's any interest in trading this thing much lower than the 1hr 50ema and DP. When things are that close, and there's other S/R factors involved as well ) then the simple things become the things that work best. xx50 level is a Wall at the moment imo.

When I say "trading", I'm excluding the possibility/probability of a low volume spike either direction that can be brutal on a day like this and come out of the Blue. I respect those things cuz they can eat your lunch in less than a blink.

Besides, it's friday and I hate being here. Been a good week and we'll do it again next one. Careful trades all...
FUBAR...
  • #260,248
  • Jun 18, 2010 12:09pm Jun 18, 2010 12:09pm
Can EU reached 2315 today...?.....or...Sunday...?
  • #260,249
  • Jun 18, 2010 12:40pm Jun 18, 2010 12:40pm
Quoting gurangax
my broker wont allow me to close a trade under 5 minutes. they say it will slow down their servers.
Which broker does argue with such backboneless unfounded false pretences? And in which country it is based? I have heard such things a longer time in some other forums as well. You are not the only one who reported such bad and ugly things. I do believe you - because I have heard from such kind of robbery and attempts of deception several times before. But I can tell you - this is not allowed. In proper countries with independent lawcourts and or chief judges / or chief justices such things are not allowed. I do remember an action - where a house has been closed down suddenly and immediately for just such kind of reason. This has been happened in Switzerland - aprox. 12 - 15 years ago. Such methods are a clear and clean hint that something must be wrong with your so-called broker. You should be extremely alarmed if you hear such argumentation.

This kind of argumentation is well known by several lawcourts in various countries. A very well known chief justice - would force them to stop that by administrative and legal cooperation / mutual assistance over the border lines (if not based in a kind of banana republic or less properly ruled country) - otherwise they have to pump up their servers - in order to avoid such things - or they would not have been allowed to offer such dubious services anymore.

I could tell you various so-called good names from former days - that do not exist anymore for such reasons.

I really feel sorry for you - to hear such bad things. You should act straight and directly I suppose so.


Not allowed (in countries with established laws and a system of ordinary courts)
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #260,250
  • Edited 12:51pm Jun 18, 2010 12:40pm | Edited 12:51pm
if anyone wants to go back and dig up some old 1.6 post.. you will find these charts. i was able to get 3 of them.. i dont know how i traded w/o them..
i put a tl on them for fun.. if you notice the bottom its where all 3 colors are on the same area where this move bounced. usdx has its major tl at the same time on the top. i had these and lost them a couple of months back. was able to reconstruct them..but they were posted in march/april. just pointing out we were in the 1.3/ area back then..unless below 2358.7 it is not a place to short atm.. just below it is another 2307... anyway atm we are just above 2358.7... id wait to short below it. or you can long above it... with a tsl... tripple witch is a bitch...but you got good ping pong #s on this chart. its a range w/o a new bottom.. until new top is made.. 2410 may be it.. its unknown atm.. but the bottom is known for the time being. this may last months in a range.. summer is a good time to range historically. if you dont have these levels on your chart your chart is incomplete.
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those who can, do. those who cant, talk about those who can
  • #260,251
  • Jun 18, 2010 12:48pm Jun 18, 2010 12:48pm
Quoting gurangax
my broker wont allow me to close a trade under 5 minutes. they say it will slow down their servers.
i rarely comment on brokers. fire the one you have. get a integrated broker where you trade goes directly through w/o going through a trading desk. Mb Trading is one..there others... ask questions..
those who can, do. those who cant, talk about those who can
  • #260,252
  • Jun 18, 2010 12:49pm Jun 18, 2010 12:49pm
Ahh well, closed sell order at 90, for one pip loss.
  • #260,253
  • Jun 18, 2010 1:00pm Jun 18, 2010 1:00pm
Quoting gurangax
my broker wont allow me to close a trade under 5 minutes. they say it will slow down their servers.
who is ur broker? That sounds like a classic bucketshop to me.....

Ive been through a few brokers, demo, live whatnot, and I've found that Dukascopy is the best broker for retail. They don't pull the tricks that most brokers do. Just check out their website, they're legit.....hope this helps.
  • #260,254
  • Edited 1:38pm Jun 18, 2010 1:38pm | Edited 1:38pm
Quoting Intensity
West !
You are too much brooo....How come to west....Logically to east. Hahaha.

If to the west, must be to West Virginia. Huhu
  • #260,255
  • Jun 18, 2010 1:46pm Jun 18, 2010 1:46pm
Quoting Chicky
I am here just to mark my attendance.

Please pray for my health no matter what religion you follow or even if you are a non-believer.
It's been a while now. Have anyone heard from him.

I hope he is alright.
  • #260,256
  • Jun 18, 2010 1:49pm Jun 18, 2010 1:49pm
Well its been ranging, no violent movements, Scenario 2 occured, im confused and hoping that next week will prove more fruitful
  • #260,257
  • Jun 18, 2010 1:58pm Jun 18, 2010 1:58pm
Quoting Orbital
Well its been ranging, no violent movements, Scenario 2 occured, im confused and hoping that next week will prove more fruitful
50% areas are like this.. just like any other pp. you can cross it a few times. and either db or resume trend
those who can, do. those who cant, talk about those who can
  • #260,258
  • Jun 18, 2010 2:00pm Jun 18, 2010 2:00pm
Quoting Orbital
Well its been ranging, no violent movements, Scenario 2 occured, im confused and hoping that next week will prove more fruitful
I looked at the economic calendars on this site and nasdaq dot com and it looks like there's only going to be some significant news on Tuesday. So, Sunday and Monday may be a wee bit boring unless I'm wrong.

The last day was cool enough for me because I did a couple of test trades with puny amounts of money. And I learned some things to make some adjustments to my trading. It's cool that you can use 1/10 micro lots with FXOpen.
  • #260,259
  • Jun 18, 2010 2:07pm Jun 18, 2010 2:07pm
Bahhhh!! Took TP at 2360 and out. Can't fight NO Movement.

Have a great weekend all...
FUBAR...
  • #260,260
  • Jun 18, 2010 2:07pm Jun 18, 2010 2:07pm
Quoting supremeChaos
traders are getting younger & younger.
plenty of time to make mistakes early on too.

yeah, sooner or later.
u mean the world cup?
i have trouble sitting & watching it. i'd rather be in the action than watch the action/inaction.
And the younger they are the more they seem to make the same mistakes over and over. I'm convinced that age helps a lot in this game. At least that's my theory. Seems the older guys are better at the patience part and stick to longer time frames. Both are essential for success IMHO.

Seems no matter how many times the younger guys are told to be patient, plan your trade, trade your plan. Stick to higher time frames. Keep it simple. No matter how many times they are told that they all seem to end up with 5m charts so filled with spaghetti all over the place you can barely see the candlesticks through it all. Then when in the trade they panic or don't stick to the plan or whatever. I just gotta laugh everytime I see those charts with indicators up the wazoo and trendlines criss crossing and curving and making right angle turns or whatever.
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