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  • #393,661
  • Feb 22, 2011 5:55pm Feb 22, 2011 5:55pm
Quoting Magix
I was agreeing with you on possible sales right now and am quite appreciative that you took time to post a chart with your analysis.

Keep doing what you are doing my friend...this place needs a lot more people like you!

thank you and i will always put what i see and alot of times i m wrong when i m the sloss will get me out of trouble and thats the main thing is the set up for anyone taking a trade
  • #393,662
  • Feb 22, 2011 5:55pm Feb 22, 2011 5:55pm
Any one short here?

M15 supported by M5 can go down 3640. SL 3700
  • #393,663
  • Feb 22, 2011 5:57pm Feb 22, 2011 5:57pm
Quoting PayTheLimit
I found that out quickly also, my scalping days were over the minute I stopped trading on Globex. The chance to buy the bid and sell the offer, and paying almost zero commission is an enourmous edge. Plus there are too many other people out there that are much faster than me.
You overcome the spread that way as i understand it and pay only commission?

Is that right??

Why dont u trade it anymore? Curious.
  • #393,664
  • Feb 22, 2011 6:00pm Feb 22, 2011 6:00pm
Quoting OldQuant
Generally doesn't matter who is buying, but the intensity of the orders seems to matter....
Was thinking the same on that subject, doesnt matter who is buying just the impact is important..
  • #393,665
  • Feb 22, 2011 6:14pm Feb 22, 2011 6:14pm
commodity pairs led the euro in the past on a leash. the aud here seems to be slipping. its worth keeping an eye on. a wick has poked a hole. worth keeping an eye no matter your bias. pairs have spent months equalizing.

i may have already missed a chance to short the ea.. long term
eu closed above 3667 so im bullish up till 3712.5 19.5 33 recent high and now 3640/57.5
Attached Image (click to enlarge)
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those who can, do. those who cant, talk about those who can
  • #393,666
  • Feb 22, 2011 6:14pm Feb 22, 2011 6:14pm
Quoting Magix


Seriously?

All that chest thumping and you haven't made a hundred bucks yet?

I am sitting at a 120ish on the day, and I havent even been around for the last 5hrs...3 positions, 2 shorties on EU 1 long on UC...



Quoting primzvicious
guess whos back

http://www.youtube.com/watch?v=YVkUvmDQ3HY
Verily, in every difficulties there is relief
  • #393,667
  • Feb 22, 2011 6:17pm Feb 22, 2011 6:17pm
Quoting gatorinla
commodity pairs led the euro in the past on a leash. the aud here seems to be slipping. its worth keeping an eye on. a wick has poked a hole. worth keeping an eye no matter your bias. pairs have spent months equalizing.

i may have already missed a chance to short the ea.. long term
eu closed above 3667 so im bullish up till 3712.5 19.5 33 recent high and now 3640/57.5
Can you elaborate on AU leading EU? Trying to understand.
  • #393,668
  • Feb 22, 2011 6:20pm Feb 22, 2011 6:20pm
Quoting gatorinla
commodity pairs led the euro in the past on a leash. the aud here seems to be slipping. its worth keeping an eye on. a wick has poked a hole. worth keeping an eye no matter your bias. pairs have spent months equalizing.

i may have already missed a chance to short the ea.. long term
eu closed above 3667 so im bullish up till 3712.5 19.5 33 recent high and now 3640/57.5
so it will go 3640/57.5 first??
  • #393,669
  • Feb 22, 2011 6:21pm Feb 22, 2011 6:21pm
Quoting talentfx
definately a different game with real money on the line huh?stick with it it may take more than one account gl
I know several traders which say that, but at least if you have been profitable demo trading you know what actually works and not

There is a lot of articles and books which are misleading in this business. Off course this is my opinion alone but I assume that I am not alone thinking about that...

Just look at risk reward, probably the biggest myth when you see traders with good results. Many of them have 4:1 risk reward levels which is a big nono... But it works for them and in the end that is what matters.

The only rules I have in Forex is set SL and use proper money management. Thats it... The rest I tweak as I want...
  • #393,670
  • Feb 22, 2011 6:24pm Feb 22, 2011 6:24pm
Quoting Larseg
I know several traders which say that, but at least if you have been profitable demo trading you know what actually works and not

There is a lot of articles and books which are misleading in this business. Off course this is my opinion alone but I assume that I am not alone thinking about that...

Just look at risk reward, probably the biggest myth when you see traders with good results. Many of them have 4:1 risk reward levels which is a big nono......
I have also met a few traders who will take 10% floating loss and still make boats of money.
  • #393,671
  • Feb 22, 2011 6:25pm Feb 22, 2011 6:25pm
m15
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  • #393,672
  • Feb 22, 2011 6:25pm Feb 22, 2011 6:25pm
i am seller on 1.3682 Good luck every one i think it will be go on 1.3646-1,3655 band in 4 hours...
  • #393,673
  • Feb 22, 2011 6:28pm Feb 22, 2011 6:28pm
Quoting talentfx
definately a different game with real money on the line huh?stick with it it may take more than one account gl
Yes it is.

I hope to learn my lessons quickly so hope it will not take more than one account.

Thank you for the gl wish
  • #393,674
  • Feb 22, 2011 6:29pm Feb 22, 2011 6:29pm
Quoting fldash
I'm long 3670 for the hell of it... already have SL has my buy point... want to see if it runs
well i got stopped out, made a pip... better than a loss

stinks because i'd be up a healthy 19pips
  • #393,675
  • Feb 22, 2011 6:30pm Feb 22, 2011 6:30pm
Quoting Sandy A.
Yes it is.

I hope to learn my lessons quickly so hope it will not take more than one account.

Thank you for the gl wish
If I may budge in, my advice would be to trade small lots, so you do not overleverage your account. And when you are consistent and have a traders ethic of working the capital, ONLY then you should size up your lots.
  • #393,676
  • Feb 22, 2011 6:32pm Feb 22, 2011 6:32pm
Ooops. Well done Euro, you faked me out on that one. 3702 again...
  • #393,677
  • Feb 22, 2011 6:34pm Feb 22, 2011 6:34pm
Quoting Larseg
There is a lot of articles and books which are misleading in this business. Off course this is my opinion alone but I assume that I am not alone thinking about that...

Just look at risk reward, probably the biggest myth when you see traders with good results. Many of them have 4:1 risk reward levels which is a big nono... But it works for them and in the end that is what matters.

The only rules I have in Forex is set SL and use proper money management. Thats it... The rest I tweak as I want...
Could you please explain to a newbie about the risk:reward myth?

As I understand it, it means that if you say have 4:1 reward:risk, it means that you only need to be right 25% of the time to break even. Please enlighten me.
  • #393,678
  • Feb 22, 2011 6:36pm Feb 22, 2011 6:36pm
Quoting Classic5000
Can you elaborate on AU leading EU? Trying to understand.
the euro is the anti usd... so when commodities rise (commodity pairs) the usd goes down. in turn the euro rises. but not on its on merits.
those who can, do. those who cant, talk about those who can
  • #393,679
  • Feb 22, 2011 6:38pm Feb 22, 2011 6:38pm
this could work against 1.3720
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  • #393,680
  • Feb 22, 2011 6:39pm Feb 22, 2011 6:39pm
Quoting egymedo
so it will go 3640/57.5 first??
i dont know... but pa points that way.. it still would have to break 3733 and others mentioned. im bullish today if it remains above 3667... but i dont know what it will do..
those who can, do. those who cant, talk about those who can
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