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Central Banks & Big Players

  • #3,621
  • Jul 29, 2010 1:48pm Jul 29, 2010 1:48pm
Does anyone trade any pair other than eur/usd at ldn/ny open and if so do you have success? - i cant try any other pair because im too busy on 5 sec chart with eur/usd lol.

By the way to all on thread dont be dissapointed with BE trade.

A BE trade is as good as a win to me - how many times in life do you get to have a FREE chance of making money
  • #3,622
  • Jul 30, 2010 12:00am Jul 30, 2010 12:00am
just to correct a small error

it's not a free chance
u risk the 2 pips until u manage to get it to BE

Just because you made it to BE does not make it free
you still risked 2 pips
  • #3,623
  • Jul 30, 2010 12:18am Jul 30, 2010 12:18am
Quoting deathbait
just to correct a small error

it's not a free chance
u risk the 2 pips until u manage to get it to BE

Just because you made it to BE does not make it free
you still risked 2 pips
uhhhhhh....

duh?
  • #3,624
  • Jul 30, 2010 12:26am Jul 30, 2010 12:26am
Quoting deathbait
just to correct a small error

it's not a free chance
u risk the 2 pips until u manage to get it to BE

Just because you made it to BE does not make it free
you still risked 2 pips
Thats absolutly right deathbeait!!
But Forex is Speculative anyway, so you have to risk something to do it. And its better to manage your risk and even Pay something small (Spread) and after that you didnt loose at the worst case. And if you lose its a small amount of Pip's hopefully in $ its not more than 1% or 2% of Your Account.

But of Course, in the Beginning state its not free and emotional, depending of your MM and Skills.

The Reason why i try this System is: It has fixed rules, small stops and fixed Entry Times, which let you manage the Trade in a few Minutes and then "leave" or do something else.

On Other Systems you have to sit in Front or wait for an Alert and Conditions to met. So time Based conditions gives me the advantage to trade forex and do my "damm real job" as well ;-)

There Still exists time based Systems as well, but i didnt find one with this small Stoplevels.

greetings
  • #3,625
  • Jul 30, 2010 12:58am Jul 30, 2010 12:58am
Tony may i know that 2 pip SL includes Oanda's 0.9 spread as well or is it excluded.
  • #3,626
  • Jul 30, 2010 1:02am Jul 30, 2010 1:02am
finger hesitant on the trigger

missed it=(
  • #3,627
  • Jul 30, 2010 1:05am Jul 30, 2010 1:05am
SL -2
  • #3,628
  • Jul 30, 2010 1:06am Jul 30, 2010 1:06am
Quoting Crunch
uhhhhhh....

duh?
i was just addressing haventaclue's post...in case he picked his nick really appropriately.
  • #3,629
  • Jul 30, 2010 1:15am Jul 30, 2010 1:15am
Quoting deathbait
just to correct a small error

it's not a free chance
u risk the 2 pips until u manage to get it to BE

Just because you made it to BE does not make it free
you still risked 2 pips
Yeah your right - i was just looking at the glass half full instead of half empty

Some ppl were unhappy about BE trades but they are N1
  • #3,630
  • Jul 30, 2010 1:16am Jul 30, 2010 1:16am
Anyone take FF open, im thinking small loss today?
  • #3,631
  • Jul 30, 2010 1:28am Jul 30, 2010 1:28am
Quoting haventaclue
Anyone take FF open, im thinking small loss today?
i did. started with -5SL and got stopped at 0SL.
let's wait for london open
meine augen sind die sterne
  • #3,632
  • Jul 30, 2010 1:31am Jul 30, 2010 1:31am
This method is fustrating as u need to time the mkt real well or u get stop out easily. i.e trade can be done at support ,resistant, mkt open.

You may have predicted the trend correctly but the volatitily may have push u out of the trade and you see no gain even though u guess the right direction.

pro is that risk is low so even you lost ten trade.. one trade will cover all the loss. so far eur /usd have been tough
  • #3,633
  • Jul 30, 2010 1:37am Jul 30, 2010 1:37am
Quoting haventaclue
Anyone take FF open, im thinking small loss today?
FF - 2 SL
  • #3,634
  • Jul 30, 2010 1:53am Jul 30, 2010 1:53am
Quoting aeonia
This method is fustrating as u need to time the mkt real well or u get stop out easily. i.e trade can be done at support ,resistant, mkt open.

You may have predicted the trend correctly but the volatitily may have push u out of the trade and you see no gain even though u guess the right direction.

pro is that risk is low so even you lost ten trade.. one trade will cover all the loss. so far eur /usd have been tough
Most people do not accept losses. When they loose they change anything in there setup.
If you do not accept losses you will never make money in Forex.
  • #3,635
  • Jul 30, 2010 1:55am Jul 30, 2010 1:55am
Quoting Tschim
Most people do not accept losses. When they loose they change anything in there setup.
If you do not accept losses you will never make money in Forex.
I´m with you. We have to try again, and again, and again, without missing any Opening, a 140 pips are coming......
  • #3,636
  • Jul 30, 2010 1:55am Jul 30, 2010 1:55am
euro is already near top of its recent highs, so i dont expect anything from today's l.o. predicting a loss.
  • #3,637
  • Jul 30, 2010 1:59am Jul 30, 2010 1:59am
I don't even try today
  • #3,638
  • Jul 30, 2010 2:01am Jul 30, 2010 2:01am
Short, 0SL...... now relax.....
  • #3,639
  • Jul 30, 2010 2:02am Jul 30, 2010 2:02am
0sl set on london open

short
  • #3,640
  • Jul 30, 2010 2:03am Jul 30, 2010 2:03am
stopped at BE
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