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  • #351,581
  • Dec 24, 2010 5:31am Dec 24, 2010 5:31am
Quoting snatch
no. its about having no emotions; the hedge is only 15 pips away from entry so for example this morning i entered a perfect sell at 3145 and put half dozen buys on top.... the question is how do you manage that... the price always comes back to your entry sometime... so its about management... dont get emotional, get even... my account started multiplying the day i stopped using SLs and indicators; just 4hr/daily/weekly channels...

i wish someone told me this before i came into forex, but in life you have to learn the hard way...

good luck...
check out your mailbox buddy
Hero calls followed by margin calls...
  • #351,582
  • Dec 24, 2010 5:31am Dec 24, 2010 5:31am
Christmas sucks this year for me.. home alone.. gf's overseas.. parents are out .. sister's out .. and friends are having their plans with their loved ones. so i'mma gonna be reading through cloggie's and some other's compiled post and figure out more stuff about the forex this christmas... this month has been good for me with a 25.7% increase in my portfoilo of 7000 dollars.. hope everyone's having a ball of a time too and merry christmas to all!!! Thanks for the heaps of advice i have been getting from everyone and have a happyyy pipping session to all!!
There is no royal road to anything.
  • #351,583
  • Dec 24, 2010 5:32am Dec 24, 2010 5:32am
Quoting Alihuzaifa
I dont understand what drives you guys to trade of a xtmas eve.
I'm range trading mouse sized positions. Making beer money, so I'm happy.

Edit: Selling the pops, covering the dips. It works 'til it doesn't, and when it doesn't, I quit for the day. Hopefully with a small profit remaining for the day.
  • #351,584
  • Dec 24, 2010 5:32am Dec 24, 2010 5:32am
Quoting snatch
no. its about having no emotions; the hedge is only 15 pips away from entry so for example this morning i entered a perfect sell at 3145 and put half dozen buys on top.... the question is how do you manage that... the price always comes back to your entry sometime... so its about management... dont get emotional, get even... my account started multiplying the day i stopped using SLs and indicators; just 4hr/daily/weekly channels...

i wish someone told me this before i came into forex, but in life you have to learn the hard way...

good luck...
it's just a question of the drawdown ^^
Hero calls followed by margin calls...
  • #351,585
  • Dec 24, 2010 5:34am Dec 24, 2010 5:34am
Quoting PipChick
In the end, having 20 shorts and hedging with kill your acct. I sooooooooooo hope I am wrong for Snatch's sake but I can only attest to what I experienced and let me tell you, it was an awful feeling.

this my trade plan for usd chf... quiet self explanatory... its about catching moves that last more than two months i.e. fundamentals
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  • #351,586
  • Dec 24, 2010 5:34am Dec 24, 2010 5:34am
Quoting PhAnTi'
it's just a question of the drawdown ^^
Right, the question is, can your acct withstand a 500 pip drawdown when you have 20 positions going? Because 500 pips isnt out of the question and when you realize you are down a few hundred, I dont care how unemotional of a person you are, you become emotional.
  • #351,587
  • Dec 24, 2010 5:34am Dec 24, 2010 5:34am
Hi,

Wont trade today to many bank holidays, dont think that some decent moves will occur...

Here is my chart and levels..

GL and mary xmas
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  • #351,588
  • Dec 24, 2010 5:35am Dec 24, 2010 5:35am
Quoting snatch
this my trade plan for usd chf... quiet self explanatory... its about catching moves that last more than two months i.e. fundamentals
How long have you been trading Snatch?
  • #351,589
  • Dec 24, 2010 5:35am Dec 24, 2010 5:35am
Quoting kill56
who me dam i am still learning , the only thing i know is hit and run
This is a hit and run day! hit the sell in the 13123-25 area and sit the buy in the 13113 area. Made 53 pips so far doing it.
  • #351,590
  • Dec 24, 2010 5:35am Dec 24, 2010 5:35am
Quoting PhAnTi'
it's just a question of the drawdown ^^

once i triple my accounts, i will publish a book! now im just about meeting mortgage and bread and milk...
  • #351,591
  • Dec 24, 2010 5:37am Dec 24, 2010 5:37am
Quoting snatch
once i triple my accounts, i will publish a book! now im just about meeting mortgage and bread and milk...
Hero calls followed by margin calls...
  • #351,592
  • Dec 24, 2010 5:38am Dec 24, 2010 5:38am
Quoting snatch
once i triple my accounts, i will publish a book! now im just about meeting mortgage and bread and milk...
How long have you been trading?
  • #351,593
  • Dec 24, 2010 5:41am Dec 24, 2010 5:41am
All dips are buy. We are bid today,

We break 1.32 and 1.325 is a conservative target.

Merry Christmas!



Just do yourself if price is under 1.326, just go buy @ market and enjoy.
  • #351,594
  • Dec 24, 2010 5:41am Dec 24, 2010 5:41am
Quoting Alihuzaifa
I dont understand what drives you guys to trade of a xtmas eve.
it is a medical condition called addiction...
  • #351,595
  • Dec 24, 2010 5:44am Dec 24, 2010 5:44am
does it really matter how long one has been trading?

what matters is how good one is. I could be trading for 20 years, but still be shit.
Enter Signature
  • #351,596
  • Dec 24, 2010 5:44am Dec 24, 2010 5:44am
Quoting alexxi
it is a medical condition called addiction...
hehehe
Enter Signature
  • #351,597
  • Dec 24, 2010 5:45am Dec 24, 2010 5:45am
Quoting Alihuzaifa
I dont understand what drives you guys to trade of a xtmas eve.
the funny thing is, what are you doing on this thread?
Enter Signature
  • #351,598
  • Dec 24, 2010 5:47am Dec 24, 2010 5:47am
Quoting vosterfxandy
does it really matter how long one has been trading?

what matters is how good one is. I could be trading for 20 years, but still be shit.
Well that is true, but MOST of the time a noob would tell everyone to keep adding positions and dont use a stop loss so that is why I was wondering. I am not saying that Snatch isnt good or that she is a noob, I am saying NOOBS..please do not attempt the no stop loss and keep adding strategy or you will hear the ol margin call buzzer. LOL
  • #351,599
  • Dec 24, 2010 5:47am Dec 24, 2010 5:47am
Quoting snatch
once i triple my accounts, i will publish a book! now im just about meeting mortgage and bread and milk...
I had a twentyfold profit in the markets in one year. Paid 1/3 of that in taxes. Gave the other 2/3s back over the course of another 12 months. I still have cap loss writeoffs. On the bright side, my cap gains are written off against my losses so what I make is 'tax free'.
I've got a riverboat gambler personality which is why I don't use much leverage in FOREX. Leverage kills eventually. 100% of the time. I've learned to scale down my trading style so my high risk personality is kept in check.

You've got a lot of talent; just make sure that you're conservative on money management. A talented trader with poor money management skills will blow themselves up eventually. A mediocre trader with good money management skills will do well in the markets.
  • #351,600
  • Edited 5:59am Dec 24, 2010 5:47am | Edited 5:59am
Quoting snatch
no. its about having no emotions; the hedge is only 15 pips away from entry so for example this morning i entered a perfect sell at 3145 and put half dozen buys on top.... the question is how do you manage that... the price always comes back to your entry sometime... so its about management... dont get emotional, get even... my account started multiplying the day i stopped using SLs and indicators; just 4hr/daily/weekly channels...

i wish someone told me this before i came into forex, but in life you have to learn the hard way...

good luck...
Curious because I too play this game sometime - afraid of doing it more !
A little more clear, please. You mean, you make a Sell order, then Buy against that a number of times - one order at a time - (your words "put half a dozen buys on top). Am I right about this ? Your answer will take a load off my mind !I have sent a PM. Please refer to it. Thanks !
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