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  • #404,041
  • Mar 10, 2011 6:32am Mar 10, 2011 6:32am
Quoting cloggie
With a minor at 57
Now we 100% agree...lol

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #404,042
  • Mar 10, 2011 6:35am Mar 10, 2011 6:35am
back around news time, take it easy guys and gals...
  • #404,043
  • Mar 10, 2011 6:36am Mar 10, 2011 6:36am
Quoting sisse
Now we 100% agree...lol

sisse

You watching the 5-yr Portugal? Nice wick to 7.7 today. We haven't heard from the "sole defender" lately.
  • #404,044
  • Mar 10, 2011 6:36am Mar 10, 2011 6:36am
Quoting jezek5
Ok show off,google my nane and you'll see how long
i've been a member somewhere else.
Cheers.

do you make money?
There are lots of burks on the interweb in this bussiness with websites and a JOINING FEE.

I'm sorry if I sound an @hole but scrapping around for a few points here and there is the road to disaster. you need to be able to enter a trade and at least be confident you can get a good 30 points plus out of it.
putting your stop at 66 and hoping when the US session starts your short will not be taken. is out right gambling.

The price is at 29 now so your 66 is only 37
rat
  • #404,045
  • Mar 10, 2011 6:37am Mar 10, 2011 6:37am
Bears won.
Attached Image
  • #404,046
  • Mar 10, 2011 6:38am Mar 10, 2011 6:38am
USDX break coming... well im hoping that this will break now been waiting since yesterday from 76.60 for the big break north so far today we have been dribbling over yesterdays high. if this gathers momentum then eu shorters will remain happy..
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  • #404,047
  • Mar 10, 2011 6:39am Mar 10, 2011 6:39am
Quoting AcidH4X
Bears won.
  • #404,048
  • Mar 10, 2011 6:39am Mar 10, 2011 6:39am
Quoting AcidH4X
Bears won.

What are you on? We are ranging/accumulating, nobody has won anything unless you trade the 5 sec chart.
  • #404,049
  • Mar 10, 2011 6:40am Mar 10, 2011 6:40am
That's way above the 10-year bond...

Quoting cloggie
You watching the 5-yr Portugal? Nice wick to 7.7 today. We haven't heard from the "sole defender" lately.
  • #404,050
  • Mar 10, 2011 6:40am Mar 10, 2011 6:40am
Quoting rattyo
do you make money?
There are lots of burks on the interweb in this bussiness with websites and a JOINING FEE.

I'm sorry if I sound an @hole but scrapping around for a few points here and there is the road to disaster. you need to be able to enter a trade and at least be confident you can get a good 30 points plus out of it.
putting your stop at 66 and hoping when the US session starts your short will not be taken. is out right gambling.

The price is at 29 now so your 66 is only 37
Was short at 85,got stopped at 3905,got short again at
3925,still live.
Cheers.
You can remain irrational longer than you can remain solvent.
  • #404,051
  • Mar 10, 2011 6:41am Mar 10, 2011 6:41am
Quoting cloggie
You watching the 5-yr Portugal? Nice wick to 7.7 today. We haven't heard from the "sole defender" lately.
Saw it, Spain on the other hand didn't react that much after the downgrade. I don't think he will show around here for a long time.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #404,052
  • Mar 10, 2011 6:42am Mar 10, 2011 6:42am
Quoting cloggie
Spot on Markus. Most retailers though are forced to trade the lower TF's due to their leverage constraint without having a clue how to trade the lower TF's. Making money in scalping as a retailer is far from easy as everyting is stacked against you, for the average retail broker you need to overcome 5-6 pips of spread to start of with on a turn, that means you need to be d@rn good to make it as a scalper and few are.
Hi Cloggie,

yes, that is right. And that leads to the main problem of most retailers: thinking of making a quick buck without sufficient cash in account, which leads normally to heavy overleverage. I normally use a leverage between 1:5 and 1:10. In times when I am more than confident (very high prob setup) I will go to 1:30.

When the USA get their limitations with max leverage of 1:50 most of the traders complained. I thought at that time: so what - seems healthy.

I trade at Dukascopy and the "normal" spread is often around 0.8 + commission. So spread is not that big problem.

The problem will get very big for scalpers, when we get kind of a Tobin-tax.

I think that then you can forget to trade the 1 or 5 min TF.

Best to you Cloggie,


Markus
  • #404,053
  • Mar 10, 2011 6:42am Mar 10, 2011 6:42am
Talking about stop losses. I don't use any. My trade size is set in such a way that a 2K pips move against me would only draw 20% of my account. So yes, lower that darn trade size. That being said, if I have a trade moving against me but I still think it's a good trade I hold onto it but I immediately start TRADING the other way on the lower time frames. Please note the word TRADING,not hedging. It is a very important difference. You hedge out of fear because you don't know where this thing is going. The reason I'm doing this is because usually my targets are almost always hit (see my calls history). The only unknown is when and what's the way our beloved pair is going to take on the way there. I can have a trade set on m15 but m1 decides to move the other way. So I go trade it to the obvious target. The brokers/banks must hate people like me holding both sides of the trades. As a rule of thumb, for intraday trades, if my entry falls off the 15 minutes time frame, I close it manually.

Now go lite that blow torch and flame me for not using SLs. I'm not gonna care much, 'cose it works for me.
  • #404,054
  • Mar 10, 2011 6:44am Mar 10, 2011 6:44am
Quoting rattyo
do you make money?
There are lots of burks on the interweb in this bussiness with websites and a JOINING FEE.

I'm sorry if I sound an @hole but scrapping around for a few points here and there is the road to disaster. you need to be able to enter a trade and at least be confident you can get a good 30 points plus out of it.
putting your stop at 66 and hoping when the US session starts your short will not be taken. is out right gambling.

The price is at 29 now so your 66 is only 37
They are not all me,just googled myself and got a shock.
I didn't want to advertise aother forum but tradetwo"but as the number"
win. shows how long i've been a member.
Cheers.
You can remain irrational longer than you can remain solvent.
  • #404,055
  • Mar 10, 2011 6:44am Mar 10, 2011 6:44am
Quoting AcidH4X
Bears won.
not just yet, I want a close below 3790, daily preferred, to keep smiling. this is an obvious bounce- or dick around area, so staying below 3850 might help.

i closed my short from asia and stay flat for the moment.
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  • #404,056
  • Mar 10, 2011 6:47am Mar 10, 2011 6:47am
any one have idea why this level 1381820 is so hard to brake??

All day long we are bouncing from it ??!
  • #404,057
  • Mar 10, 2011 6:47am Mar 10, 2011 6:47am
I have a symmetrical triangle in downtrend forming on 5M chart...
but still waiting for the news...
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  • #404,058
  • Mar 10, 2011 6:47am Mar 10, 2011 6:47am
Quoting jezek5
Was short at 85,got stopped at 3905,got short again at
3925,still live.
Cheers.

thats good. we are all here to make money at the end of the day. I'm short too and see how this afternoon pans out
rat
  • #404,059
  • Mar 10, 2011 6:48am Mar 10, 2011 6:48am
Quoting infinitus
Hi Cloggie,

yes, that is right. And that leads to the main problem of most retailers: thinking of making a quick buck without sufficient cash in account, which leads normally to heavy overleverage. I normally use a leverage between 1:5 and 1:10. In times when I am more than confident (very high prob setup) I will go to 1:30.

When the USA get their limitations with max leverage of 1:50 most of the traders complained. I thought at that time: so what - seems healthy.

I trade at Dukascopy and the "normal" spread is often around 0.8 + commission....
when the change of the leverage-limitation popped up, I got the impression that the traders who complained were people that got 'all in' with a 1:200 or even higher leverage. at least, they gave this impression.
  • #404,060
  • Mar 10, 2011 6:48am Mar 10, 2011 6:48am
Quoting adamski
any one have idea why this level 1381820 is so hard to brake??

All day long we are bouncing from it ??!

beacuse its gone down 100 odd points and its having a break.

also you have to be prepared to except that this might be the LOD it may just rise from here.
rat
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