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EURUSD

  • #277,741
  • Aug 4, 2010 5:54am Aug 4, 2010 5:54am
[quote=Atlast;3921267]
1. Do not trade forex if you have to make money.

Why do you trade then ? Sure its not for fun .......
  • #277,742
  • Aug 4, 2010 5:58am Aug 4, 2010 5:58am
Quoting Atlast
One of my favourite patterns for trading has set up. The W formation. The question I am asking myself now is, should I get out of total long position when it hit my TP.
Answer is yes.
By the time i finish writing this my TP may already have been met.

I am going to share some tips I came across (as they are unusual from the normal 10 rules you see) that I find helpful and just to help out the newbies, and experienced traders still losing

1. Do not trade forex if you have to make money....
Wise words which have been copied and are now a screensaver.
  • #277,743
  • Aug 4, 2010 5:59am Aug 4, 2010 5:59am
[quote=vanyxster;3921279]
Quoting Atlast
1. Do not trade forex if you have to make money.

Why do you trade then ? Sure its not for fun .......
Here's the rest of no. 1.

"If someone is desperate to make some money to pay his bills and mortgage, he loses money in forex, because he trades when there is no sharp and confirmed signal. You can become a full time forex trader and you can trade forex for a living later when you learn it properly and completely. At the beginning, you should have another source of income that covers all your expenses, otherwise forex will not have any good result for you."
  • #277,744
  • Aug 4, 2010 5:59am Aug 4, 2010 5:59am
Quoting billymoney
Hey guys, any site for Stock futures live feed?

http://www.dailyfx.com/charts/forexpowerchart/
COT: The precious data ignored
  • #277,745
  • Aug 4, 2010 6:00am Aug 4, 2010 6:00am
Quoting rattyo
This too me looks like a retrace, its been winding down since last night.
i was talking about the FOREST not about LEAFS..take a look at the weekly chart
  • #277,746
  • Aug 4, 2010 6:00am Aug 4, 2010 6:00am
[quote=vanyxster;3921279]
Quoting Atlast
1. Do not trade forex if you have to make money.

Why do you trade then ? Sure its not for fun .......
I think what he means is, that you must not trade if you have to make a living of it.
  • #277,747
  • Aug 4, 2010 6:02am Aug 4, 2010 6:02am
(Forex.com) EUR/USD with a nice bounce from under 1.3200...1.3240 is key for topside in the short run

Up?
  • #277,748
  • Aug 4, 2010 6:02am Aug 4, 2010 6:02am
[quote=Atlast;3921299]
Quoting vanyxster
Here's the rest of no. 1.

"If someone is desperate to make some money to pay his bills and mortgage, he loses money in forex, because he trades when there is no sharp and confirmed signal. You can become a full time forex trader and you can trade forex for a living later when you learn it properly and completely. At the beginning, you should have another source of income that covers all your expenses, otherwise forex will not have any good result for you."

What can i say...So true!!
COT: The precious data ignored
  • #277,749
  • Aug 4, 2010 6:02am Aug 4, 2010 6:02am
Quoting T@rantula
I usually watch yahoo finance and refresh it often

Dude...
http://www.forexpf.ru/_quote_show_/java/

xoxo
  • #277,750
  • Aug 4, 2010 6:02am Aug 4, 2010 6:02am
Quoting kuroro001
http://www.dailyfx.com/charts/forexpowerchart/
oh yes, live ones. this are the ones I been looking, the bloomberg ones isnt really live
  • #277,751
  • Aug 4, 2010 6:03am Aug 4, 2010 6:03am
Quoting Larseg
Dude...
http://www.forexpf.ru/_quote_show_/java/

xoxo
http://finviz.com/futures.ashx
  • #277,752
  • Aug 4, 2010 6:03am Aug 4, 2010 6:03am
Quoting Natch
Wise words which have been copied and are now a screensaver.
Credit goes to someone called Vahid (Similarly to many other people, making money is one of the most important things motivating Vahid, but it is not the main thing. Being active, productive and helpful also makes Vahid happy. He loves to establish close working relationships and friendships with different people. He believes that work atmosphere should be based on friendship and trust. Enjoying his work and his colleagues is essential to him. Vahid also believes that something you have learned has no value if you have not taught it to others.
P.S. I don't know him personally, but his rules speaks for itself.
  • #277,753
  • Aug 4, 2010 6:04am Aug 4, 2010 6:04am
Quoting Larseg
Dude...
http://www.forexpf.ru/_quote_show_/java/

xoxo
XOXO thanks for that
  • #277,754
  • Aug 4, 2010 6:06am Aug 4, 2010 6:06am
Hint of the day:

If you want to get some nice amount of pips today, buy 1 lot at 12:00 GMT (1h from now).
  • #277,755
  • Aug 4, 2010 6:09am Aug 4, 2010 6:09am
Quoting Atlast
One of my favourite patterns for trading has set up. The W formation. The question I am asking myself now is, should I get out of total long position when it hit my TP.
Answer is yes.
By the time i finish writing this my TP may already have been met.

I am going to share some tips I came across (as they are unusual from the normal 10 rules you see) that I find helpful and just to help out the newbies, and experienced traders still losing

1. Do not trade forex if you have to make money....
Exactly
But the problem most will take the hard way to learn this and some will never learn
  • #277,756
  • Aug 4, 2010 6:11am Aug 4, 2010 6:11am
Quoting T@rantula
XOXO thanks for that
No worries I use it whenmy platform is down... for NYSE...
  • #277,757
  • Aug 4, 2010 6:13am Aug 4, 2010 6:13am
[quote=Atlast;3921299]
Quoting vanyxster
Here's the rest of no. 1.

"If someone is desperate to make some money to pay his bills and mortgage, he loses money in forex, because he trades when there is no sharp and confirmed signal. You can become a full time forex trader and you can trade forex for a living later when you learn it properly and completely. At the beginning, you should have another source of income that covers all your expenses, otherwise forex will not have any good result for you."
there is other side on that coin to .... doing acivities in stress situation (including forex trading) induce much more alertness & provide you with focus on goal inducing decisions which are much more dedicated to succes then failure. Stress you body it will get bigger , stress your mind it will become sharper & smarter. Stress is spice of life so that "dont trade to make money" is nonsense for me ...dont get me wrong but i think that is the point of every business to actually make money
  • #277,758
  • Aug 4, 2010 6:16am Aug 4, 2010 6:16am
Quoting Atlast
Credit goes to someone called Vahid (Similarly to many other people, making money is one of the most...

Hmmmm...
  • #277,759
  • Aug 4, 2010 6:16am Aug 4, 2010 6:16am
Quoting billymoney
Hey guys, any site for Stock futures live feed?
http://finance.yahoo.com/indices?e=futures
Nothing worth having is easy.
  • #277,760
  • Aug 4, 2010 6:18am Aug 4, 2010 6:18am
ok...now...we need to pass that magical 3245-60 level and we are good to test 33xx....ADP will have an influence on intraday levels
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