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  • #366,821
  • Jan 18, 2011 5:36am Jan 18, 2011 5:36am
Quoting PhAnTi'
i know, i was at sleep when german data was published

so i'll await further pa and will hedge long with x2 lotsize of current losses to save the account...

hmmm
i am not the right person to comment about it. but hedging can eaither only save you from further loses, if you dont hedge you can buy and make back some loses.

in a case like this, textbook what i have seen is cut your loses. the bigest loss i had was holding on to a trade, i do have to say eventually i was right and i could kill myself for not holding on, but it is better that way because now i would never leave a trade without a sl, and it made me more careful as well not doing or keeping any trades i am nervous about .

now i can understand you dont want to cut your loses because you are waiting for the drop good luck with that . i am also holding a short from 34 so i hope you will be lucky!!!
  • #366,822
  • Jan 18, 2011 5:37am Jan 18, 2011 5:37am
Quoting gh0stjpy
Hi guys, anyone from UK here who can recommend a Forex broker, all i need is one with a simple web-based platform (nothing fancy), no major ind's or charts, and the lowest spreads for AU, EU & GU. i currently have been trading Forex 6months using SB account and want to move forward to a Forex account, prob a mini account.

But can someone explain to me how this would have worked using the example trade i did this morning:

OPEN : 1.3346
SL: 40pips
CLOSE: 1.3366 (+20pips)

How much would the SL have cost me and how much would i have made...

why do you want to switch from SB to trading lots? SB profits are tax free.

And, how much do you want to trade per pip (assuming you stay with SB). Some brokers have minimums
  • #366,823
  • Jan 18, 2011 5:37am Jan 18, 2011 5:37am
Quoting PhAnTi'
yeah but for me neckline even completed ?!
what is your sl on those trades?
  • #366,824
  • Jan 18, 2011 5:38am Jan 18, 2011 5:38am
Quoting PhAnTi'
activtrades.
Thanks , do you trade with them and any problems with their platform or the Customer Support??

also as i asked how would my trade have worked on that account?? SB is simple ie: whatever you put up per trade ie: £1 per pip = £20
  • #366,825
  • Jan 18, 2011 5:38am Jan 18, 2011 5:38am
long again 1.3410
  • #366,826
  • Jan 18, 2011 5:38am Jan 18, 2011 5:38am
i've got 2 open sells

0.05 , -121 pips and
0.05 , - 110 pips.

i will buy 0.2 lots above 3420 level with 3450 target.

margin at 630 %, will close 0.01(0.01 ... and so on) to increase margin.

guys believe me,
im pretty experienced in this action
Hero calls followed by margin calls...
  • #366,827
  • Jan 18, 2011 5:40am Jan 18, 2011 5:40am
  •  damo
  • | Joined Aug 2010 | Status: Chart Pattern & Trend Trader | 217 Posts
Quoting PhAnTi'
yeah problem was that i had two pending shorts at 3300 and ~3320 overnight. I didnt expect such impressive german data....

maybe i gonna hedge them, anything above 3500 would kill the account : P
I'm in the same boat buddy. Not quite as bad but still not good. Yesterdays profits look like they are history unless this comes back to 3380 or therabouts.

Usually the US session fades the UK, but today its a little crazy. I don't know if it will turn out. Its already ranged 176 pips, which is about max, but who knows what max is?
Trade what you see, not what you think.
  • #366,828
  • Jan 18, 2011 5:41am Jan 18, 2011 5:41am
Quoting PhAnTi'
i've got 2 open sells

0.05 , -121 pips and
0.05 , - 110 pips.

i will buy 0.2 lots above 3420 level with 3450 target.

margin at 630 %, will close 0.01(0.01 ... and so on) to increase margin.

guys believe me,
im pretty experienced in this action
good luck.

fitch has just downgraded rome, this could give you a breather of... well, 5 pips?
  • #366,829
  • Jan 18, 2011 5:41am Jan 18, 2011 5:41am
Quoting Mr Hatch
what is your sl on those trades?
ha hatchy, thats the problem with it
Hero calls followed by margin calls...
  • #366,830
  • Jan 18, 2011 5:41am Jan 18, 2011 5:41am
Quoting gstrange
why do you want to switch from SB to trading lots? SB profits are tax free.

And, how much do you want to trade per pip (assuming you stay with SB). Some brokers have minimums
just because it seems you make a hell of a lot more using a Forex or CFD account, only reason. should i bother? i just need to know how they work it out really??

I would prob start with £1 per pip as usual
  • #366,831
  • Jan 18, 2011 5:41am Jan 18, 2011 5:41am
we will be picking up selling speed......
  • #366,832
  • Jan 18, 2011 5:42am Jan 18, 2011 5:42am
Well you can say hat it has broken on your chart if you like and uyes there was a spike but if you connect the lows it is not a horizontal trend line it is diagonal and we remain above support.
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  • #366,833
  • Jan 18, 2011 5:42am Jan 18, 2011 5:42am
Quoting gh0stjpy
Thanks , do you trade with them and any problems with their platform or the Customer Support??

also as i asked how would my trade have worked on that account?? SB is simple ie: whatever you put up per trade ie: £1 per pip = £20
well that's up to the leverage i guess.

they do have the best customer desk of the world i promise.

i do trade with them and they r quiet fair and loyal , something rare on the broker markets : P
Hero calls followed by margin calls...
  • #366,834
  • Jan 18, 2011 5:42am Jan 18, 2011 5:42am
Do not be afraid the markets are going down.....and quickly.....and for awhile .......goodluck....



Quoting alexxi
i am not the right person to comment about it. but hedging can eaither only save you from further loses, if you dont hedge you can buy and make back some loses.

in a case like this, textbook what i have seen is cut your loses. the bigest loss i had was holding on to a trade, i do have to say eventually i was right and i could kill myself for not holding on, but it is better that way because now i would never leave a trade without a sl, and it made me more careful as well not doing or keeping any trades i am nervous about .

now i can understand...
  • #366,835
  • Jan 18, 2011 5:42am Jan 18, 2011 5:42am
Quoting buonvangvn
long again 1.3410
add long 1.3402
  • #366,836
  • Jan 18, 2011 5:43am Jan 18, 2011 5:43am
Quoting Ulterior
we will see 1.3382 tonight or on monday
lol, I guess nobody remembers my words it will return to 1.3382
  • #366,837
  • Jan 18, 2011 5:43am Jan 18, 2011 5:43am
Quoting PhAnTi'
ha hatchy, thats the problem with it
du gehörst mit dem rohrstock vermöbelt
  • #366,838
  • Jan 18, 2011 5:44am Jan 18, 2011 5:44am
Quoting damo
I'm in the same boat buddy. Not quite as bad but still not good. Yesterdays profits look like they are history unless this comes back to 3380 or therabouts.

Usually the US session fades the UK, but today its a little crazy. I don't know if it will turn out. Its already ranged 176 pips, which is about max, but who knows what max is?
well nobdoy do
i didnt used any MM ( like always) and thats the punishment for me now.
I'll handle this somelike, i know it
Hero calls followed by margin calls...
  • #366,839
  • Jan 18, 2011 5:45am Jan 18, 2011 5:45am
Quoting gh0stjpy
just because it seems you make a hell of a lot more using a Forex or CFD account, only reason. should i bother? i just need to know how they work it out really??

I would prob start with £1 per pip as usual
No difference whatsoever in how much you make. I expect that trading minilots is just the same as increasing your £/pip.

I use ETX and would certainly recommend them (min in 50p / pip). Decent spreads (pretty much standard, EU 2 pips, GU 3 pips etc..), no issues with spreads changing, no problems with the platform and very easy to use.
  • #366,840
  • Jan 18, 2011 5:45am Jan 18, 2011 5:45am
Quoting Mr Hatch
du gehörst mit dem rohrstock vermöbelt
hmm ^^
2 accounts abgeblowed und immer noch nicht daraus gelernt cause im fuckin greedy....

maaaaaan
Hero calls followed by margin calls...
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