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EURUSD

  • #389,041
  • Feb 17, 2011 4:18am Feb 17, 2011 4:18am
damn

i bought a new set of computer speakers today, now i am having a tough time setting the lowest possible volume setting on it. They just shake the windows like crazy.
  • #389,042
  • Feb 17, 2011 4:20am Feb 17, 2011 4:20am
Quoting PunjabiSher
damn

i bought a new set of computer speakers today, now i am having a tough time setting the lowest possible volume setting on it. They just shake the windows like crazy.
set to mute.
  • #389,043
  • Feb 17, 2011 4:20am Feb 17, 2011 4:20am
Quoting PunjabiSher
3560 support

if it breaks, my shorts continue for 3483

if it holds i close +30

if nothing happens, i watch this

http://www.youtube.com/watch?v=mubBW6ilqvk
closed 3540 for mere +50

its still bearish for me here.
  • #389,044
  • Feb 17, 2011 4:21am Feb 17, 2011 4:21am
Quoting fxvoilaaa
set to mute.
  • #389,045
  • Feb 17, 2011 4:26am Feb 17, 2011 4:26am
Quoting PunjabiSher
damn

i bought a new set of computer speakers today, now i am having a tough time setting the lowest possible volume setting on it. They just shake the windows like crazy.
Turn the volume control down on your speaker and in your computer software sound control.
  • #389,046
  • Feb 17, 2011 4:28am Feb 17, 2011 4:28am
Quoting Larseg
You can justify for taking 10 pips, its hard to achieve in the long run but def. possible... you need to win 60% of the times... due to the spread...

3 pips, thats another mathematical formula...

This is 66% of your profit wasted to the spread...
In other words, you are screwed.
I really cant agree more...giving 3 pips spread to a broker for a mere 10 pips is not a serious trading.
  • #389,047
  • Feb 17, 2011 4:29am Feb 17, 2011 4:29am
stopped out in my gu trade.. -30.. still focusing to short it again as long as it close below 6145..
  • #389,048
  • Feb 17, 2011 4:29am Feb 17, 2011 4:29am
Quoting disegnosys
Turn the volume control down on your speaker and in your computer software sound control.
oh, he could also try that of course.
  • #389,049
  • Feb 17, 2011 4:30am Feb 17, 2011 4:30am
Quoting T@rantula
I really cant agree more...giving 3 pips spread to a broker for a mere 10 pips is not a serious trading.
thus proving why scalping is nearly impossible.
  • #389,050
  • Feb 17, 2011 4:31am Feb 17, 2011 4:31am
Is the paint dry...yet...
Look Sharp/Trade Tight
  • #389,051
  • Feb 17, 2011 4:31am Feb 17, 2011 4:31am
Quoting fxvoilaaa
stupid doji on H1
Thats a spinning top which indicates indecision
  • #389,052
  • Feb 17, 2011 4:32am Feb 17, 2011 4:32am
Quoting Shah22
stopped out in my gu trade.. -30.. still focusing to short it again as long as it close below 6145..
how many pairs due you trade, if you dont mind me asking?
Look Sharp/Trade Tight
  • #389,053
  • Feb 17, 2011 4:33am Feb 17, 2011 4:33am
Quoting Shah22
stopped out in my gu trade.. -30.. still focusing to short it again as long as it close below 6145..
cable is pretty bullish, shorts would come around 6185 if it holds otherwise no

http://img402.imageshack.us/img402/6390/getj.gif
  • #389,054
  • Feb 17, 2011 4:34am Feb 17, 2011 4:34am
Quoting fxvoilaaa
thus proving why scalping is nearly impossible.
only if there is momentum and ONLY if spreads are 1-2 pips at the most because the price u pay to your broker doesnt justify the risk and reward
  • #389,055
  • Feb 17, 2011 4:35am Feb 17, 2011 4:35am
Quoting Shah22
stopped out in my gu trade.. -30.. still focusing to short it again as long as it close below 6145..
I lost my GU yesterday, but subsequently covered it with USDCHF and USDJPY.

Stay away from the choppy market
  • #389,056
  • Feb 17, 2011 4:36am Feb 17, 2011 4:36am
Quoting PayTheLimit
how many pairs due you trade, if you dont mind me asking?
mostly eu .. sometime take gu, au , and ej...
  • #389,057
  • Feb 17, 2011 4:36am Feb 17, 2011 4:36am
Quoting T@rantula
I really cant agree more...giving 3 pips spread to a broker for a mere 10 pips is not a serious trading.
The Irony here is the only response I got from that post is a trader who can trade

However let me explain closer as someone might have missed out..

So, if you have a risk reward of 1:1,

3 pips win and you will either loose 5 or win 1 due to the spread
5 pips win 3 or loose 7
10 pips = win 8 or loose 12

the spread is always lost yeah? Thank you..
Attached Image
  • #389,058
  • Feb 17, 2011 4:37am Feb 17, 2011 4:37am
Quoting Shah22
stopped out in my gu trade.. -30.. still focusing to short it again as long as it close below 6145..

look for 61,8 level @ 1,6157 ...could be!
  • #389,059
  • Feb 17, 2011 4:38am Feb 17, 2011 4:38am
Quoting Shah22
mostly eu .. sometime take gu, au , and ej...

thanks for the reply..and good luck
Look Sharp/Trade Tight
  • #389,060
  • Feb 17, 2011 4:38am Feb 17, 2011 4:38am
Quoting T@rantula
I really cant agree more...giving 3 pips spread to a broker for a mere 10 pips is not a serious trading.
I have a friend who grows celery for McDonalds, sells it to them for say $2 per bundle. They put it in their salad and probably sell it for the equivalent of $100 per bundle.

So what? As long as my friend makes a profit on the $2 all is sweet!

Same with scalping. So what if the broker makes thousands, as long as I do they same, who cares?
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