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  • #450,201
  • May 26, 2011 6:20pm May 26, 2011 6:20pm
Quoting behman8850
Venice, Can you tell us what your trade in? I presume you are long looking at TP at weekly pivot point?
I am flat right now. Just got off work. I also don't like to start placing orders until 8:30-9:00, when we actually get moving decently.
  • #450,202
  • May 26, 2011 6:21pm May 26, 2011 6:21pm
Quoting TheGamer
Ok Friends, thanks for your replies & concern. i guess i made lots of friends here today
Here's the screenshots & please lets just keep it cool & take it as a learning lesson

added images as attachments. sorry if i made some mistake as i don't know how you all show images here
Your candle sticks are pretty, in a demonic sort of way. lol
  • #450,203
  • May 26, 2011 6:23pm May 26, 2011 6:23pm
Quoting TheGamer
Me too like MT4 indicators, pivots & all & i'll try to save my current a/c as there's only 25 $ left from total 650 $ investment

otherwise i'll stick with its demo's.
it becomes less funny as you add a zero or two to the end of that figure, don't underestimate how long it may take to learn the business and become consistently profitable...

gl with your endeavour, it's a long hard road, but the destination is well worth the effort...
  • #450,204
  • May 26, 2011 6:25pm May 26, 2011 6:25pm
Quoting FibbinArchie
it becomes less funny as you add a zero or two to the end of that figure, don't underestimate how long it may take to learn the business and become consistently profitable...

gl with your endeavour, it's a long hard road, but the destination is well worth the effort...
Absolutely. I started out only playing micro lots and with 300$ at a time, and still managed to kill account after account. lol.

The pip deficit was staggering.
  • #450,205
  • May 26, 2011 6:25pm May 26, 2011 6:25pm
I dont usually place trade during the Asian session. still have some left from today. the pivots and oil 100 are some key levels for me during this time.

good luck to everyone who is trading. have to get up for london
  • #450,206
  • May 26, 2011 6:31pm May 26, 2011 6:31pm
Quoting Venice
Your candle sticks are pretty, in a demonic sort of way. lol
hehehe

actually i wake at nights with lights off & white color gives lots of strain so i prefer dark shades
Hope
  • #450,207
  • May 26, 2011 6:34pm May 26, 2011 6:34pm
well the night is still young but i am staying with the same levels i have used all day.

cheers,
Ally
Attached Image (click to enlarge)
Click to Enlarge Name: eu_m5.gif Size: 25 KB
  • #450,208
  • May 26, 2011 6:34pm May 26, 2011 6:34pm
Quoting Venice
Absolutely. I started out only playing micro lots and with 300$ at a time, and still managed to kill account after account. lol.

The pip deficit was staggering.
I'd say you probably need about 1k usd equity for every mini lot you trade, to enable you to employ a decent money management strategy...
  • #450,209
  • May 26, 2011 6:35pm May 26, 2011 6:35pm
Quoting FibbinArchie
added a median line to my ickle channel...
nice chart ...I have same channels with mine...so that I guess yesterday time to jump up.
  • #450,210
  • May 26, 2011 6:36pm May 26, 2011 6:36pm
Quoting FibbinArchie
it becomes less funny as you add a zero or two to the end of that figure, don't underestimate how long it may take to learn the business and become consistently profitable...

gl with your endeavour, it's a long hard road, but the destination is well worth the effort...
Very true.

at starting i was always in profit & played it very lightly but now i see myself getting serious day by day. i want to be light but it doesn't seems working. a single little mistake will cost alot.
Hope
  • #450,211
  • May 26, 2011 6:38pm May 26, 2011 6:38pm
Quoting AllyB
well the night is still young but i am staying with the same levels i have used all day.

cheers,
Ally
Hey Ally, it looks like my new levels increased to about a 30 pip spread. Curious to see how these end up by tomorrow.
  • #450,212
  • May 26, 2011 6:39pm May 26, 2011 6:39pm
Quoting Venice
Absolutely. I started out only playing micro lots and with 300$ at a time, and still managed to kill account after account. lol.
$300? At least those accounts you killed were very small.
  • #450,213
  • May 26, 2011 6:41pm May 26, 2011 6:41pm
Quoting Astroman
$300? At least those accounts you killed were very small.
Yes -- that was the intention. There is absolutely no reason to throw big money on the table until you have have come to an understanding with the market.
  • #450,214
  • May 26, 2011 6:41pm May 26, 2011 6:41pm
Quoting Venice
Hey Ally, it looks like my new levels increased to about a 30 pip spread. Curious to see how these end up by tomorrow.
just got back and to me, seeing my levels from this morning hold all this time is sweet.
  • #450,215
  • May 26, 2011 6:42pm May 26, 2011 6:42pm
Any thoughts on today's trading going into the holiday weekend? Will brokers be open Monday?
  • #450,216
  • May 26, 2011 6:44pm May 26, 2011 6:44pm
Quoting AllyB
just got back and to me, seeing my levels from this morning hold all this time is sweet.

agree can see them now
  • #450,217
  • May 26, 2011 6:45pm May 26, 2011 6:45pm
Took me an hour more this morning to organize the plan for today...

I am not going to do a hole lot... EurUsd fell to my target as I begged for it to hit my SL way up there... didnt happen...

Good thing is my TP was down there below 1.4100 and then it came above after...

Normally it takes out my TP line before plummeting down further... Its good to see that there is still bargains out there...


-----------

Wall St recovery likely to push stocks higher

May 27, 2011 - 8:38AM
The Australian market is expected to open marginally higher on Friday after Wall Street continued a recovery, although it ended relatively flat. Both oil and metals were mixed overnight.
On the ASX 24 at 6.40am AEST, the June share price index futures contract was eight points higher at 4677.


What you need to know

 

  1. The SPI was 8 points higher at 4677
  2. The $A was trading at $US1.0638
  3. In the US, the S&P500 rose 5.22pts, or 0.4%, to 1325.7
  4. In Europe, the FTSE100 rose 10.85pts, or 0.2%, to 5881
  5. Gold fell $US3.88 to $US1519.05 an ounce
  6. WTI crude oil fell 49 US cent to $US100.23 a barrel

  • #450,218
  • May 26, 2011 6:46pm May 26, 2011 6:46pm
Quoting Venice
Yes -- that was the intention. There is absolutely no reason to throw big money on the table until you have have come to an understanding with the market.
Few days back i read Cloggie's reply about we need atleast 5 years to become a good trader. i guess he was right. its not a game of 3-6 months training.
Hope
  • #450,219
  • May 26, 2011 6:47pm May 26, 2011 6:47pm
Quoting TheGamer
Very true.

at starting i was always in profit & played it very lightly but now i see myself getting serious day by day. i want to be light but it doesn't seems working. a single little mistake will cost alot.
there are a lot of ways to make a mistake, trading ain't easy, if it was everyone would be doing it...
  • #450,220
  • May 26, 2011 6:52pm May 26, 2011 6:52pm
Quoting shivas
agree can see them now
hey, how did you do today? what levels did you use?
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