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EURUSD

  • #358,961
  • Jan 5, 2011 9:27am Jan 5, 2011 9:27am
Quoting piptornado
wow, reading some posts here, traders make in the hundreds of pips a day!

I made 27 yesterday on one trade, 48 today on one trade. I feel like the ugly little brother LOL

Guess I have a loooong way to go.....
Don't be to impressed. Most of these guys happened to be in the right place at the right time, and you could have shorted at any point and got near those levels.

Most of it was based on chance. It has been the easiest trading day in a while, just go short and you profit...

I'm sure we'll see even more ego's popping up here about how good everyone is and how they predicted this all.

Stay humble... it's the only way to survive...
  • #358,962
  • Jan 5, 2011 9:27am Jan 5, 2011 9:27am
Quoting T@rantula
3200 3150 3120 for Intraday. I wouldnt go further then that
Last trade closed. Done for today.
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  • #358,963
  • Jan 5, 2011 9:28am Jan 5, 2011 9:28am
Quoting wormboy
floor is now ceiling. leaving the remainder to work. ta!
enjoy it while its worm
  • #358,964
  • Jan 5, 2011 9:28am Jan 5, 2011 9:28am
Quoting dario1002
Don't worry.... u see everybody TELLING u that they make 1000 pips per day.. but they don't tell u when they lose. Don't forget that words are words, and 90% of traders lose money, and that is a fact!
DARIO1002: Thats very sound advice - On another account I an trading I am in the red 200pips with one lot on my USD/CHF trade look for the entry to go short again to average out

On my GBP/CHF short I am in the red -222 pips with one lot looking for the entry to short to average out.

Over all - I am in the green - just await entry to correct these reds.

Thanks for making that point that traders hardly share losses and you are correct.
  • #358,965
  • Jan 5, 2011 9:28am Jan 5, 2011 9:28am
3077..last demand zone...watching closely for any bull action if any..

good luck
  • #358,966
  • Jan 5, 2011 9:29am Jan 5, 2011 9:29am
Quoting Venice
Don't be to impressed. Most of these guys happened to be in the right place at the right time, and you could have shorted at any point and got near those levels.

Most of it was based on chance. It has been the easiest trading day in a while, just go short and you profit...

I'm sure we'll see even more ego's popping up here about how good everyone is and how they predicted this all.

Stay humble... it's the only way to survive...

You are right, we haven't had any muppet yet who claimed he saw the news in the chart, we usually get a few.
  • #358,967
  • Jan 5, 2011 9:29am Jan 5, 2011 9:29am
Quoting cloggie
Pips are irrelevant, it is all about the monthly returns. A good friend of mine trades only a few time a day aiming for 20-30 pips and he is worth millions.
If i make as low as 27 pip a day, i will stop trading. What's the point of wasting my coffee and staring at my monitor all day. lol.
Trade the odds, But don't get caught.
  • #358,968
  • Jan 5, 2011 9:30am Jan 5, 2011 9:30am
I posted this earlier in the week when price was banging the green UTL.

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So, we'll either get a healthy bounce here OR
A fall through the LTL and subsequent re-test.

Interesting few days ahead.
  • #358,969
  • Jan 5, 2011 9:30am Jan 5, 2011 9:30am
exit exit all short
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  • #358,970
  • Jan 5, 2011 9:31am Jan 5, 2011 9:31am
just for the record.

guys, i told you long before, it was all in the charts.



EUR/USD Holds Attempt At 1.3125
1.3127 the low so far. If that level is breached, a profitable options structure will be knocked in, so the seller of the option has the incentive to keep that level from dealing between now and 15:00 GMT tomorrow when the whole structure expires…
For those of you seeking resistance in USD/CHF, the 0.9720/40 region is resistance…

www.forexlive.com
  • #358,971
  • Jan 5, 2011 9:32am Jan 5, 2011 9:32am
I was pulled into a short trade last year with EU. EU spiked under low volume but I thought that the spike in low volume and holiday season is "bull trap". Finally I am out of that crazy trade with 50 Pips profit on short side. But this was some serious drawdown. Thank God! I did not entered any additional trades and managed the risk properly.
  • #358,972
  • Jan 5, 2011 9:33am Jan 5, 2011 9:33am
Short closed, 67 pips on this. We bounced of daily support, now we have to watch for penetration of 1.3112 in order to go short.
  • #358,973
  • Jan 5, 2011 9:34am Jan 5, 2011 9:34am
room sorry if i did not name all but we do have great traders in the house thanks to all of u
  • #358,974
  • Jan 5, 2011 9:34am Jan 5, 2011 9:34am
Quoting metalcapon
If i make as low as 27 pip a day, i will stop trading. What's the point of wasting my coffee and staring at my monitor all day. lol.
well alot depends on $/pip...
Look Sharp/Trade Tight
  • #358,975
  • Jan 5, 2011 9:34am Jan 5, 2011 9:34am
Quoting WallStBully
Makes me feeel alot better,....im down 50% for the year so far,....got 3 more weeks to make up,....
Bud,

Forget it and let it go. As soon as you try to 'make up' your losses, you are surely heading down a psychological stair case to a blown account.

Let it go and move on. Look toward your next trade and making successful trades.

Remove the idea of making or loosing money. Your GOAL should be CONSISTENT SUCCESSFUL TRADES.
  • #358,976
  • Jan 5, 2011 9:36am Jan 5, 2011 9:36am
Quoting cloggie
Monthly is the only number that interests me. The rest is just window dressing.
what do you believe to be a good monthly on average?
  • #358,977
  • Jan 5, 2011 9:36am Jan 5, 2011 9:36am
Last short for today
FUNDAMENTALS COME FIRST...
  • #358,978
  • Jan 5, 2011 9:36am Jan 5, 2011 9:36am
Quote
If i make as low as 27 pip a day, i will stop trading. What's the point of wasting my coffee and staring at my monitor all day. lol.

If you make on an average 27 pips a day with proper money management, Then you are the King my dear friend

500 minilots * 27 = 13500 dollars in a day!! (just to make it more dramatic) of course you need a million plus in margin (1:50 leverage) to keep the risk at minimum to trade 500 minilots
  • #358,979
  • Jan 5, 2011 9:36am Jan 5, 2011 9:36am
Quoting Venice
Bud,

Forget it and let it go. As soon as you try to 'make up' your losses, you are surely heading down a psychological stair case to a blown account.

Let it go and move on. Look toward your next trade and making successful trades.

Remove the idea of making or loosing money. Your GOAL should be CONSISTENT SUCCESSFUL TRADES.
That's a great post Venice and I can say that the key to be from the 5% of successfull traders is right there. Not that I am yet always part of it but that is the psycological gap to pass.
  • #358,980
  • Jan 5, 2011 9:37am Jan 5, 2011 9:37am
2nd scaled in entry long. looking for 1.33. sl 1.3079
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