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Trade What You See - Almost Naked Trading

  • #8,361
  • Jan 3, 2011 8:08pm Jan 3, 2011 8:08pm
Quoting Fitness09
I was talking tonight to someone who claims they turned $1000.00 in to $10,000 in one night of trading forex. What do you think?
The problem with making lots of money in anything, but forex in particular, in my opinion, is that the way the money is made must be duplicatable. Sure, I can believe that can be done, but can it be done again, and over and over? Otherwise, it's just a fluke and nothing more than getting lucky.
  • #8,362
  • Jan 3, 2011 8:11pm Jan 3, 2011 8:11pm
Quoting lawgirl21
The problem with making lots of money in anything, but forex in particular, in my opinion, is that the way the money is made must be duplicatable. Sure, I can believe that can be done, but can it be done again, and over and over? Otherwise, it's just a fluke and nothing more than getting lucky.
I figured the person might have had a "let it ride" night, and it's not sustainable. I found it kind of hard to believe myself.
  • #8,363
  • Jan 3, 2011 8:14pm Jan 3, 2011 8:14pm
Did anyone catch the yen pairs?They're doing fine for me but I don't know if they'll have legs now that they're at round numbers...

Quoting Fitness09
I was talking tonight to someone who claims they turned $1000.00 in to $10,000 in one night of trading forex. What do you think?
Mad luck or his dad is Bernanke
  • #8,364
  • Jan 3, 2011 8:18pm Jan 3, 2011 8:18pm
Quoting natnimrey
Did anyone catch the yen pairs?They're doing fine for me but I don't know if they'll have legs now that they're at round numbers...

Mad luck or his dad is Bernanke
I was just admiring that pair, but am too tired to deal with it.
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  • #8,365
  • Jan 3, 2011 8:31pm Jan 3, 2011 8:31pm
Quoting lawgirl21
Entered long on this BO

Hi LG, i'm in too.
may i know where's your SL for this trade, or under what situation do you close this trade? (touch wood it didnt go north)
  • #8,366
  • Jan 3, 2011 8:33pm Jan 3, 2011 8:33pm
Anyone watching this 2 pairs closely atm? Looks good...
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  • #8,367
  • Jan 3, 2011 8:38pm Jan 3, 2011 8:38pm
Quoting kedridder
Hi LG, i'm in too.
may i know where's your SL for this trade, or under what situation do you close this trade? (touch wood it didnt go north)
I have it set at 1.2460..at the support line on the H1 4C BO level.
  • #8,368
  • Jan 3, 2011 8:41pm Jan 3, 2011 8:41pm
Quoting lawgirl21
I have it set at 1.2460..at the support line on the H1 4C BO level.

ahhhh.... sorry, i think i have asked u before this qn. urgh, i'm so forgetful. so sorry.
  • #8,369
  • Jan 3, 2011 8:46pm Jan 3, 2011 8:46pm
Out with 44 pips.
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  • #8,370
  • Jan 3, 2011 8:47pm Jan 3, 2011 8:47pm
Quoting kedridder
ahhhh.... sorry, i think i have asked u before this qn. urgh, i'm so forgetful. so sorry.
I don't remember you asking me...no problem..
  • #8,371
  • Jan 3, 2011 8:57pm Jan 3, 2011 8:57pm
Quoting lawgirl21
I don't remember you asking me...no problem..
then maybe it's geula4 who answered. better don't let him see this post.
  • #8,372
  • Jan 3, 2011 9:02pm Jan 3, 2011 9:02pm
Potential BO, H1 C4?
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  • #8,373
  • Jan 3, 2011 9:53pm Jan 3, 2011 9:53pm
Quoting kedridder
Potential BO, H1 C4?
what do you think? Up?
  • #8,374
  • Jan 3, 2011 10:04pm Jan 3, 2011 10:04pm
Quoting orangeRANGE
what do you think? Up?

yes, UP. sorry i didnt state in e earlier post
  • #8,375
  • Jan 3, 2011 10:18pm Jan 3, 2011 10:18pm
Entry @ 0.9939 with only 15pips TP target
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  • #8,376
  • Jan 3, 2011 11:42pm Jan 3, 2011 11:42pm
It's been quite a day for breakout trades...I think 7-8 pairs were worth quite a bit of profit!Shame I only took 2-3 and exited early...oh well
  • #8,377
  • Jan 3, 2011 11:45pm Jan 3, 2011 11:45pm
Quoting natnimrey
It's been quite a day for breakout trades...I think 7-8 pairs were worth quite a bit of profit!Shame I only took 2-3 and exited early...oh well
natnimrey, u r not alone.

e most painful one is EURCHF and EURJPY. exited to catch a bit of profit and for fear it fell. after e trade exited, it shot up like a rocket.
  • #8,378
  • Jan 3, 2011 11:53pm Jan 3, 2011 11:53pm
http://img210.imageshack.us/img210/8862/gu1.png
"You Never Know.....Until You Find Out."
  • #8,379
  • Jan 4, 2011 12:09am Jan 4, 2011 12:09am
Quoting kedridder
then maybe it's geula4 who answered. better don't let him see this post.
  • #8,380
  • Jan 4, 2011 12:21am Jan 4, 2011 12:21am
Consolidation BO approaching.
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