EURUSD | Page 22567 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #451,321
  • May 28, 2011 7:25pm May 28, 2011 7:25pm
Quoting Magix
Not drunk enough yet...but the night is still young!



I seen you mention yer going all Pirates of the Caribs...

Been to the beach where they parked the Black Pearl...

Very kewl!
I'm feeling the same way!! (Not quite drunk enough!!) haha... I hit it a little to hard last weekend and am recovering from a nasty mucus factory cold. Just sipping on some Smithwick's to pass the night along.

The movie was good. It had the same Disney'ish feel to it that the other Pirates movies had... but man would I love to actually get out to the Caribbean sometime. So beautiful environment and female occupancy alike. lol
  • #451,322
  • May 28, 2011 7:27pm May 28, 2011 7:27pm
Quoting TheGamer
Yup, im trying to accomplish 25 pips a day target for pst 3-4 days. i'll let you know the result at the end of next month.

Bookmarked that link. Right now sleepy, will check it later
Awesome. If you are using a demo account, try and get your head into it that you are actually risking real cash.

Remember every trade should be a calculated risk. I am risking x pips for an additional y pips.
  • #451,323
  • May 28, 2011 7:28pm May 28, 2011 7:28pm



http://www.smithwick.org/steves/junk...+Irish+Ale.jpg

Fawking Irish, Love um to death. lol
  • #451,324
  • May 28, 2011 7:28pm May 28, 2011 7:28pm
Quoting Venice
I'm feeling the same way!! (Not quite drunk enough!!) haha... I hit it a little to hard last weekend and am recovering from a nasty mucus factory cold. Just sipping on some Smithwick's to pass the night along.

The movie was good. It had the same Disney'ish feel to it that the other Pirates movies had... but man would I love to actually get out to the Caribbean sometime. So beautiful environment and female occupancy alike. lol
I spent a month out there...it rains 365 days per year...little down pour, then sun and warm...

And the beer kicks ass!

Of course, how do ya go wrong with Hot weather in a rain forest on a tiny Carribean island with cold beer?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #451,325
  • May 28, 2011 7:38pm May 28, 2011 7:38pm
Quoting Magix
If you cannot trade a $200 account to be profitable, what makes you think you will do better with a larger sized account?

For an Xmas Present, I opened a micro account for my son, (15 Yrs old)...$100 in, took $500 out for a trip to Disneyland and still has a tradeable account...

Learn where the pain don't hurt so bad, but be serious in your trading.

Discipline.
Patience.
Consistent profit at any level will make it possible for you to move onto larger sized lots.
Very true & encouraging
im not going to loose my 31$ account so easily. im determined on this. but if by chance i loose it then i'll again start with 200$ only. But now the chances seems rare b'coz first i was doing all by my own & now i got all yours support
Hope
  • #451,326
  • May 28, 2011 7:49pm May 28, 2011 7:49pm
Quoting TheGamer
Very true & encouraging
im not going to loose my 31$ account so easily. im determined on this. but if by chance i loose it then i'll again start with 200$ only. But now the chances seems rare b'coz first i was doing all by my own & now i got all yours support
hehe mate, you are just getting started. My personal bias is that it takes 2-3 years for someone to become consistent in this, then 5+ to really get everything on lock down.

Like I said earlier (I think), just keep at it and don't give up. I know there were a few times when I was cursing the trading gods and asking them why they wanted me to fail so badly... lol
  • #451,327
  • May 28, 2011 7:52pm May 28, 2011 7:52pm
Switch to the euro! The US should abandon the dollar and take up the euro as its currency. Sounds crazy? Un-American?

http://ftalphaville.ft.com/blog/2011...dopt-the-euro/

  • #451,328
  • May 28, 2011 7:56pm May 28, 2011 7:56pm
Quoting Piters
Switch to the euro! The US should abandon the dollar and take up the euro as its currency. Sounds crazy? Un-American?

http://ftalphaville.ft.com/blog/2011...dopt-the-euro/

I think we should abandon all currencies of all kinds... and enhance our life and purpose to a point where we all work together for the betterment of mankind.

Eh... lol, not going to happen.
  • #451,329
  • May 28, 2011 8:02pm May 28, 2011 8:02pm
Quoting Venice
I think we should abandon all currencies of all kinds... and enhance our life and purpose to a point where we all work together for the betterment of mankind.

Eh... lol, not going to happen.
yeah, then doing what? trading Pork bellies futures ?? No FF?
Naahh.. I like multi-currency system..

What i dont like is a chip in my right arm !!

btw.. on a serious note, we are too far from that stage, too much and too many differences between the tribes all around the world..If that happen, that means we are living in total Centralized World.

Im not "even" talking about democracy..!

bottomline, I like my charts,,,
  • #451,330
  • May 28, 2011 8:06pm May 28, 2011 8:06pm
Quoting TheGamer
Very true & encouraging
im not going to loose my 31$ account so easily. im determined on this. but if by chance i loose it then i'll again start with 200$ only. But now the chances seems rare b'coz first i was doing all by my own & now i got all yours support

Good luck with it!
I've done the same at the beginning of the week with 40$, i wanna see how far i can go with only 40 bucks.
20-30 pips a day (around 2-3 dollars a day) sounds achievable!
COT: The precious data ignored
  • #451,331
  • May 28, 2011 8:09pm May 28, 2011 8:09pm
Quoting Piters
btw.. on a serious note, we are too far from that stage, too much and too many differences between the tribes all around the world..If that happen, that means we are living in total Centralized World.
Yep, everyone is out for their own right now... I do see it being this way... but not for several hundred thousand years from now when mankind gets its collective head out of it's even greater collective asses... lol

For now, we live, we party, and love our friends and family!

And ignore the numb nutts out their
  • #451,332
  • May 28, 2011 8:11pm May 28, 2011 8:11pm
Quoting needpips
Close was 1.4285
then y does ur chart shows 4083 ?
your broker closed 30 mins early, we had some spikes up and reached as high at 4325

http://finance.yahoo.com/currency-investing
  • #451,333
  • Edited 8:50pm May 28, 2011 8:40pm | Edited 8:50pm
Quoting Magix
If you cannot trade a $200 account to be profitable, what makes you think you will do better with a larger sized account?

For an Xmas Present, I opened a micro account for my son, (15 Yrs old)...$100 in, took $500 out for a trip to Disneyland and still has a tradeable account...

Learn where the pain don't hurt so bad, but be serious in your trading.

Discipline.
Patience.
Consistent profit at any level will make it possible for you to move onto larger sized lots.
I dont agree with this theory that 'if you cant trade 100 dollar account, how will you trade 100,000 account?'

The simplest way to put it is saying 'if you can't win a war with one solider than how can you win it with 1000 soldiers?'

the approach to market when trading with a micro account is completely diff than with that a standard account.

A trader targets for equity, not pips.. chasing pips in a micro account is a waste of time, it dosent teaches anything in a micro account.. micro accounts were mainly introduced by brokers for auto trading testing.. manually trading mini account and hoping to turn a 100 dollar account into 10,000 or 'learning' from trading a 100 dollar account, is a complete waste of time and most prolly it will do more harm to your learning process than any good.

If you really want your son to learn FX than give him a demo account with 10,000 usd and tell him you will give or take 10 percent of whatever he makes in that account.
  • #451,334
  • May 28, 2011 8:52pm May 28, 2011 8:52pm
Quoting Purple
I dont agree with this theory that 'if you cant trade 100 dollar account, how will you trade 100,000 account?'

The simplest way to put it is saying 'if you can't win a war with one solider than how can you win it with 1000 soldiers?'

the approach to market when trading with a micro account is completely diff than with that a standard account.

A trader targets for equity, not pips.. chasing pips in a micro account is a waste of time, it dosent teaches anything in a micro account.. micro accounts were mainly introduced by brokers for auto...
i disagree with you? 10000 dollar account to trade properly?
if you dont know how to trade you simply dont know

the size of the account is of little relevance. it is the way you read the markets that matter. 10000 is only good to have more wiggle room for resources available, however if youre trading 100 account and your $/pip is proportional if you grow it, you grow it.

unless youre gambling. trading is trading position managing is the same. the number doesnt matter.

trading 5000 dollar account and a 5000000 should be the same MO. its the mehodology that counts
AVT INVENIAM VIAM AVT FACIAM
  • #451,335
  • May 28, 2011 8:54pm May 28, 2011 8:54pm
You look like a good friend of mine that I lost contact with in AZ are you from there?
  • #451,336
  • May 28, 2011 8:57pm May 28, 2011 8:57pm
also

how many pips you make is of little relevance

i can be in profit 100 pips, and mean sh@t, i can make more $ in profit by 10 pips.

i have a hard time understanding your ideas.

pips is not = money
money = money

pips dont matter.

example: i open a scout position 1 lot in the market, the market retraces 50 pips, now my position is under water i determine i need a 5 lots to bring my basis to break even. all i need would be a 10 pip move and im out at break even

so 50 pips against me 10 pips in my favor means im at break even. what more 20 pips in my favor i just made 100% profit of a bad position

pips who gives a crap.
AVT INVENIAM VIAM AVT FACIAM
  • #451,337
  • May 28, 2011 9:13pm May 28, 2011 9:13pm
Quoting the redlion
i disagree with you? 10000 dollar account to trade properly?
if you dont know how to trade you simply dont know

the size of the account is of little relevance. it is the way you read...
I do read charts, but I only read it for market direction, once I am into the market the chart all the analysis is a finish/done thing which is behind me, now what matters to me most is my equity. I dont exit at supports/resistances, I set a target for my equity before hand which I try to make sure is within the weekly ATR... my targets are my equity level and not pips/supports/resistance.

I have one more concept about loss which i want to share.. as an example someone pledges to give a 30% per month for next 6 months.. , he gives its for first 2 months.. so okay we got 60% return... but on third month he made a loss of 10%.. so whats our total return at the end of third month? 50% right? But no, its false.. the actual loss in 3rd month is 30+10, 40%... so out of our 60% return we had till now, 40% is actually gone now.. and we have only 20% surplus left which many outside investors fail to see and fall into the trap.. This is also the same reason why managing accounts larger than 100,000 dollars is actually more difficult than trading a 10,000 dollar account.. the impact of loss is greater than the positive impact of profit.. open a demo with 100,000 usd, i know it will difficult to bust it, but it would be more difficult to get 30% return on that account, than 30% return on 10,000 account.
  • #451,338
  • May 28, 2011 9:27pm May 28, 2011 9:27pm
Quoting Purple
I do read charts, but I only read it for market direction, once I am...
true % wise, larger the account larger the percentage, but what im talking about is method of trading, micro, mini, or regular. one must not care the $ at risk, one must care of implementing our plans and following the market.

what matters at the end of the day is the equity as you said. so i got confused about your statement that 100 account was not useful.
AVT INVENIAM VIAM AVT FACIAM
  • #451,339
  • May 28, 2011 9:40pm May 28, 2011 9:40pm
Quoting the redlion
also

how many pips you make is of little relevance

i can be in profit 100 pips, and mean sh@t, i can make more $ in profit by 10 pips.

i have a hard time understanding your ideas.

pips is not = money
money = money

pips dont matter.

example: i open a scout position 1 lot in the market, the market retraces 50 pips, now my position is under water i determine i need a 5 lots to bring my basis to break even. all i need would be a 10 pip move and im out at break even

so 50 pips against me 10 pips in my favor means im at break even. what more 20...

Pips matter in the way that you need a positive outcome of it to make money, that is gambling 101.

If you have a negative trading strategy there is no way you can turn this around with adjusting lot sizes...

I know this is hard to understand for some as I didn't really believed it myself and had several hundreds of trades where I came out in the positive until one day I could not catch up with the strings of losses...

These strategies is a hard version of bad risk reward...
  • #451,340
  • May 28, 2011 9:43pm May 28, 2011 9:43pm
Quoting Larseg
Pips matter in the way that you need a positive outcome of it to make money, that is gambling 101.

If you have a negative trading strategy there is no way you can turn this around with adjusting lot sizes...

I know this is hard to understand for some as I didn't really believed it myself and had several hundreds of trades where I came out in the positive until one day I could not catch up with the strings of losses...

These strategies is a hard version of bad risk reward...
i think our methodologies are different.

pips dont matter to me so much.

and loses are not acceptable

unless im trading against the trend, for safety of the book ill liquidate but if in the right direction no reason for losses
AVT INVENIAM VIAM AVT FACIAM
277 traders viewing now