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  • #470,941
  • Jun 23, 2011 4:28pm Jun 23, 2011 4:28pm
Good luck PTL.. Going to take a rest until tomorrow here too mate

Quoting PayTheLimit
flat the flyer, paid lower on some and higher on some, -3 pips on balance, lol...going down for a nap, gl, PTL..
Disclaimer: Check your 1m charts
  • #470,942
  • Jun 23, 2011 4:28pm Jun 23, 2011 4:28pm
Quoting gatorinla
many would disagree.. but i love those trades. lay down 1/4 % risk 4 pip sl be early... 16 pips = 1 %... let it ride... pull 1/4 out a little at a time. let it ride some more. what you pulled out covers the staff.
...sweet...moved PSL to 60!!...GATOR ROCKS!!!
Guard your pips jelously
  • #470,943
  • Jun 23, 2011 4:29pm Jun 23, 2011 4:29pm
Quoting PayTheLimit
flat the flyer, paid lower on some and higher on some, -3 pips on balance, lol...going down for a nap, gl, PTL..
PTL what you think we going down a bit or we continue up ?
  • #470,944
  • Jun 23, 2011 4:30pm Jun 23, 2011 4:30pm
I think our country gonna soon follow Greece also, Slovenia also f... up... but its a small country doesnt make quite a difference i guess,only 2 million ppl...
  • #470,945
  • Jun 23, 2011 4:34pm Jun 23, 2011 4:34pm
Quoting FishHead
E-mail from OANDA....

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No more leverage trading on gold and silver for Americans, anymore. I guess the fun is over.
No, read that again. The leveraged (read: nonexistent) gold and silver contracts traded by the forex mm shops are prohibited.

What they will have to do is register as commodity Futures Merchants with the CFTC, and offer futures contracts to their clients. Means more paperwork from the CFTC and the exchanges for the clients. Call me a curmudgeon if you want, but I don't see that as a bad thing. Then you not only have futures, but also options, priced with real models instead of however the mm's might price options. And the leverage in futures is in line with the risk as measured by real risk management (Value At Risk) models, and the contracts are really backed by physical.
  • #470,946
  • Jun 23, 2011 4:37pm Jun 23, 2011 4:37pm
Quoting OldQuant
No, read that again. The leveraged (read: nonexistent) gold and silver contracts traded by the forex mm shops are prohibited.

What they will have to do is register as commodity Futures Merchants with the CFTC, and offer futures contracts to their clients. Means more paperwork from the CFTC and the exchanges for the clients. Call me a curmudgeon if you want, but I don't see that as a bad thing. Then you not only have futures, but also options, priced with real models instead of however the mm's might price options. And the leverage in futures...
Anybody trading with a U.S broker (duh... I'm sure some are). Is FIFO enforced? No hedging?
  • #470,947
  • Jun 23, 2011 4:38pm Jun 23, 2011 4:38pm
Quoting Motiv
PTL what you think we going down a bit or we continue up ?
According to my charts (4H TF), and following my strategy, I think we're going South as soon as the Asian session start. I'll wait to see
  • #470,948
  • Jun 23, 2011 4:39pm Jun 23, 2011 4:39pm
Quoting enterfx
Lesson is, a trade is never worth more than where your stops are. On lt positons I don't move stops untill a significant retrace has taken place, ie worth 0, untill trailed.
Absolutely. One of hardest things to come to terms with if you trade a crossing strategy or something like it. You don't own the profit in a long north of a line. All it gives you is more time for the line to keep trudging along.

And if you pay attention to the unrealized profit numbers, "Baby needs a new pair of shoes" sets in, and you violate your trading rules by taking it, without a clue as to how you'll re-synch your position to those rules. Been there, done that.
  • #470,949
  • Jun 23, 2011 4:40pm Jun 23, 2011 4:40pm
Telefonmann ...



;-|
Attached Image (click to enlarge)
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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #470,950
  • Jun 23, 2011 4:40pm Jun 23, 2011 4:40pm
Looks like we should expect continued volatility (or above avg volatility for the time frame). Based on the chart, it looks like 1.43 may pose as temporary resistance. But any pullback appears to be an opportunity for a swing long.
http://i52.tinypic.com/344c9s6.jpg
  • #470,951
  • Jun 23, 2011 4:42pm Jun 23, 2011 4:42pm
Quoting IgnaBlink
Looks like we should expect continued volatility (or above avg volatility for the time frame). Based on the chart, it looks like 1.43 may pose as temporary resistance. But any pullback appears to be an opportunity for a swing long.
I think is to high to buy,maybe drop to 1.4205 to back again north
  • #470,952
  • Jun 23, 2011 4:42pm Jun 23, 2011 4:42pm
Quoting enterfx
Lesson is, a trade is never worth more than where your stops are. On lt positons I don't move stops untill a significant retrace has taken place, ie worth 0, untill trailed.
Agreed as well... just really grumpy today... pulled a 16 hour shift at work yesterday to complete a server & database migration... so on no sleep then watching the market go all shitty lol...

I have a Budweiser and at home, probably going to relax rest of the night.
  • #470,953
  • Jun 23, 2011 4:43pm Jun 23, 2011 4:43pm
Im looking at it like this, but the problem is im long so im favoring the longs,maybe a mind trap...
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  • #470,954
  • Jun 23, 2011 4:44pm Jun 23, 2011 4:44pm
Morning all, talking about a U-turn over night... nice shake out,


coffee time...




The Australian stock market has received a negative lead from offshore trading, after Wall Street closed lower and commodities prices settled weaker.
At 6.54am AEST, the September share price index futures contract was down one point at 4486 points, on volume of 5791 contracts.


What you need to know

 

  1. The SPI was 1 point lower at 4486
  2. The $A was trading at $US1.0519
  3. In the US, the S&P500 fell 3.6pts, or 0.3%, to 1283.5
  4. In Europe, the FTSE100 lost 98.6pts, or 1.7%, to 5674.4
  5. Gold fell $US32.90 to $US1520.50 an ounce
  6. WTI crude oil fell $US4.30 to $US91.02 a barrel


Read more: http://www.smh.com.au/business/marke...#ixzz1Q8c2bPRd

  • #470,955
  • Jun 23, 2011 4:46pm Jun 23, 2011 4:46pm
Quoting Mr Hatch
I'd like to to see at least a sign of a retracement soon, for I hate them being delayed.
Hopefully, Chicky was able to monitor his trades.

Oh, and please ignore the yellow and khaki numbers.
*L
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  • #470,956
  • Jun 23, 2011 4:48pm Jun 23, 2011 4:48pm
Quoting attila
Anybody trading with a U.S broker (duh... I'm sure some are). Is FIFO enforced? No hedging?
Sure it is. But the point is it doesn't really matter to your PnL at the end of the day/week/month/year. (Okay, maybe day it does). It's the exchanges' clearing houses doing their business; the IRS or the CFTC likely don't really care, but to get the clear right, it has to FIFO.

If by hedging you mean being long some EUR while you're short some EUR, the exchange would tell you that's not a hedge, and so will a commodity merchant. Instead, a hedge of EUR spot become an EUR future, and then you'll get hedge margin on it. Or, if you're long July gold mini, a hedge is short an Aug gold mini.
  • #470,957
  • Jun 23, 2011 4:54pm Jun 23, 2011 4:54pm
Quoting OldQuant
Sure it is. But the point is it doesn't really matter to your PnL at the end of the day/week/month/year. (Okay, maybe day it does). It's the exchanges' clearing houses doing their business; the IRS or the CFTC likely don't really care, but to get the clear right, it has to FIFO.

If by hedging you mean being long some EUR while you're short some EUR, the exchange would tell you that's not a hedge, and so will a commodity merchant. Instead, a hedge of EUR spot become an EUR future, and then you'll get hedge margin on it. Or, if you're long...
Thanks, but I am not sure I quite understand what does that do to me behind an mt4 terminal. If I put in two longs do I have to exit the first one before the second one? Also can I go long and short the same amount on the same currency? I am not interested in the margin hold, just the mechanics of trading under the new law..... thanks again.
  • #470,958
  • Jun 23, 2011 4:56pm Jun 23, 2011 4:56pm
Quoting attila
Thanks, but I am not sure I quite understand what does that do to me behind an mt4 terminal. If I put in two longs do I have to exit the first one before the second one? Also can I go long and short the same amount on the same currency? I am not interested in the margin hold, just the mechanics of trading under the new law..... thanks again.
Under FIFO, the orders have to be closed in the order they were opened.

So if you long, then short, you must close the long first, then the short.
  • #470,959
  • Jun 23, 2011 4:56pm Jun 23, 2011 4:56pm
...17 hrs later (98% screen time)..and many pips over average...and these droopy eyes...i think its wise to save some risk for 2mr...its been a good run ...have a lovely morning/night...am off to decaf on my pillow...till 2mr...green pips to y'all!

PS: 2 over night trades with well protected profits...i can only wake to a brilliant bull suprise ...till then...
Guard your pips jelously
  • #470,960
  • Jun 23, 2011 4:57pm Jun 23, 2011 4:57pm
Quoting attila
Thanks, but I am not sure I quite understand what does that do to me behind an mt4 terminal. If I put in two longs do I have to exit the first one before the second one? Also can I go long and short the same amount on the same currency? I am not interested in the margin hold, just the mechanics of trading under the new law..... thanks again.
FIFO is bar none the worst set of policies to hit trading...

First in First out...

You wanna take a long, you add it. You want to add to your position, you can add. If you want to close a position, it has to be the first one you entered into.

When the yanks introduced the FIFO, they also made it so that hedging was not allowed. So, you enter into a long, before you can take a short, your longs have to be cleared...

Just bullshit...
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