OK after i saw your account, i take it back you are the man. Great stuff!
Nav dont be jealous i kissed wormie's ass more than yours
good one bro!!
- #15,901
- Jul 4, 2011 6:40am Jul 4, 2011 6:40am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
good one bro!!
- #15,902
- Jul 4, 2011 6:44am Jul 4, 2011 6:44am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
- #15,903
- Jul 4, 2011 6:55am Jul 4, 2011 6:55am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Nav, you were asking about gold spread, lucky you with 5 pips...mine/IG is 10 pips on standard lot!
yeah i was lucky i think..i got a classic account now with micro lot enabled so i can trade with mm more confidently..i need to somehow increase my lot size
ams how did u go about increasing, was it gradual or was u always trading big lot sizes..any tips or stories from folks how to do this, without big upset
thanks man for answering
- #15,904
- Jul 4, 2011 7:12am Jul 4, 2011 7:12am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Good for you!!
From past few weeks it's been awful as you know. Hence I've now restricted myself by only playing what I think I can afford to loose.
For example I play 2 standard lots either position or scalp but sometimes I go from anywhere between 0.5 to 3 standard lots on scalp depending on the direction or force of trend. Less risk if I am opposite of a trend, more if I am in the right direction.
I also keep adding to my loosing positions as well sometimes depending on how I see/feel about the trend itself and if my account can hold the drawdown to specified virtual SL level I've agreed with myself.
What I've felt in my experience is it's hard to be consistent in lot sizing and one should not be. If the trend is strong, go for it! If not then take minimal risk.
From past few weeks it's been awful as you know. Hence I've now restricted myself by only playing what I think I can afford to loose.
For example I play 2 standard lots either position or scalp but sometimes I go from anywhere between 0.5 to 3 standard lots on scalp depending on the direction or force of trend. Less risk if I am opposite of a trend, more if I am in the right direction.
I also keep adding to my loosing positions as well sometimes depending on how I see/feel about the trend itself and if my account can hold the drawdown to specified virtual SL level I've agreed with myself.
What I've felt in my experience is it's hard to be consistent in lot sizing and one should not be. If the trend is strong, go for it! If not then take minimal risk.
yeah i was lucky i think..i got a classic account now with micro lot enabled so i can trade with mm more confidently..i need to somehow increase my lot size
ams how did u go about increasing, was it gradual or was u always trading big lot sizes..any tips or stories from folks how to do this, without big upset
thanks man for answering
- #15,905
- Jul 4, 2011 7:18am Jul 4, 2011 7:18am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Good for you!!
From past few weeks it's been awful as you know. Hence I've now restricted myself by only playing what I think I can afford to loose.
For example I play 2 standard lots either position or scalp but sometimes I go from anywhere between 0.5 to 3 standard lots on scalp depending on the direction or force of trend. Less risk if I am opposite of a trend, more if I am in the right direction.
I also keep adding to my loosing positions as well sometimes depending on how I see/feel about the trend itself and if my account can hold the...
btw i added my shorts now on cable..wish me luck..lol
- #15,906
- Jul 4, 2011 7:32am Jul 4, 2011 7:32am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Good luck matey!!
Cable is fooked I reckon, only a matter of time for 158-155. However, I wanted to see 64 before the decline. I would be disappointed if it goes down without having any piece of the pie given to me
As I mentioned to dario's post, aussie, kiwi and euro seems toppy. Only thing which can lend support to cable if mighty dollar decides to rise is EG, which also seems toppy and can slow cable's race to bottom.
ta
ams
Cable is fooked I reckon, only a matter of time for 158-155. However, I wanted to see 64 before the decline. I would be disappointed if it goes down without having any piece of the pie given to me
As I mentioned to dario's post, aussie, kiwi and euro seems toppy. Only thing which can lend support to cable if mighty dollar decides to rise is EG, which also seems toppy and can slow cable's race to bottom.
ta
ams
btw i added my shorts now on cable..wish me luck..lol
- #15,907
- Jul 4, 2011 7:45am Jul 4, 2011 7:45am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
I don't want a job, i want money!
- #15,908
- Jul 4, 2011 7:49am Jul 4, 2011 7:49am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Good luck matey!!
Cable is fooked I reckon, only a matter of time for 158-155. However, I wanted to see 64 before the decline. I would be disappointed if it goes down without having any piece of the pie given to me
As I mentioned to dario's post, aussie, kiwi and euro seems toppy. Only thing which can lend support to cable if mighty dollar decides to rise is EG, which also seems toppy and can slow cable's race to bottom.
ta
ams
usd goes down..gold and silver should go down right?
- #15,909
- Jul 4, 2011 7:56am Jul 4, 2011 7:56am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
ok today is rather boring day.. no even need to stare at charts...
EU is again at 4520.. no biggie... But there is something we should notice on Cable.. and that is that TILL NOW for the first time we didn't touch neither 6010 nor 5976... we are not too far from it.. but still we are not there. Might be the sign that the pair is gaining strenght or.. considering that we came from hell -i.e. very down- on gbplfx, maybe just the fall is getting weaker.
what i say to myself is this..what is dailly likely to look like..at first i was thinking bullish..i went out came back and ams post said something like i cant sell dollar here..i looked at usdflx and saw previous dailly was a doji right off weekly trendline (which is bullish)
so then i saw body on dailly and thought to myself..it might close as a doji..sell the mofo..
sometimes u simply have to speculate
wish u luck dario..this mofo is rather difficult to read right now
- #15,910
- Edited 8:09am Jul 4, 2011 7:59am | Edited 8:09am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
here it goes, your prayers are answered quickly even on a shit*y day like this
I was hoping, I know that 64 does not seems possible. I am short EU as u know expecting a good tank but seems cable will be quick instead!
EDIT: saw cable's drop has been recovered minimized by EG (as expected). Indeed I would not sell the dollar here. We have GBP news all week, so I expect high volatility this week. Looking at the GBP trend, it seems viable to sell the rallies.
I was hoping, I know that 64 does not seems possible. I am short EU as u know expecting a good tank but seems cable will be quick instead!
EDIT: saw cable's drop has been recovered minimized by EG (as expected). Indeed I would not sell the dollar here. We have GBP news all week, so I expect high volatility this week. Looking at the GBP trend, it seems viable to sell the rallies.
problem with 1.64 bro is usd needs to make a new low..right now usd is bouncing of the trendlines if the break it could spell collapse
usd goes down..gold and silver should go down right?
- #15,911
- Jul 4, 2011 8:10am Jul 4, 2011 8:10am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
here it goes, your prayers are answered quickly even on a shit*y day like this
I was hoping, I know that 64 does not seems possible. I am short EU as u know expecting a good tank but seems cable will be quick instead!
playing the probability here
- #15,912
- Jul 4, 2011 8:14am Jul 4, 2011 8:14am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
as long as daily close is not above 6080, I am persistent of selling the rallies. Past 9 days we have not managed to close above that level. Let's see what happens today. If above 6080, I might discount that as a SL hunt day. However, true day should close @ 6050 or at today's open as monday never existed
i wont speak to soon the sum bitch looks like a false breakout..but if the dailly recovers from here..well what can we say
playing the probability here
- #15,913
- Jul 4, 2011 8:14am Jul 4, 2011 8:14am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
here it goes, your prayers are answered quickly even on a shit*y day like this
I was hoping, I know that 64 does not seems possible. I am short EU as u know expecting a good tank but seems cable will be quick instead!
EDIT: saw cable's drop has been recovered minimized by EG (as expected). Indeed I would not sell the dollar here. We have GBP news all week, so I expect high volatility this week. Looking at the GBP trend, it seems viable to sell the rallies.
remember... under 74.48 (which seems to be gone), cable always went to 73.65. So unless we are under that level, or i don't see any reversal pattern... dollar is going down!!!
I don't want a job, i want money!
- #15,914
- Jul 4, 2011 8:23am Jul 4, 2011 8:23am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
for scalps, either ways is good. we go both ways
I would still prefer shorts!
I would still prefer shorts!
hmmm not sure about it.. i think i'd rather buy the dips
- #15,915
- Jul 4, 2011 8:30am Jul 4, 2011 8:30am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
hmmm not sure about it.. i think i'd rather buy the dips
reversal is looking to buy dips
selling is going with the trend
i think cannot be sure but u have whole of last month been counter trend trending no!!?
did u sell once?
but saying this..it is an extreme (good support 1.59)
- #15,916
- Jul 4, 2011 8:40am Jul 4, 2011 8:40am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
I don't want a job, i want money!
- #15,917
- Jul 4, 2011 8:41am Jul 4, 2011 8:41am
- Joined Sep 2010 | Status: Trader | 11,327 Posts
Nav, you were asking about gold spread, lucky you with 5 pips...mine/IG is 10 pips on standard lot!
- £1 pp / spread = 0.5 ?anyway that's IGIndex
- #15,918
- Edited 11:50am Jul 4, 2011 8:50am | Edited 11:50am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
i have been shorting as well... and while i was trying to short it... eur went up 5 figures. Man last month is past... now is new month.
USDX under 74.48->very bearish
EURX over 112->very bullish
GBPLFX->all times low.. that's basically why we were ranging around 5976. Till there is no clear close under that level i won't be too much into selling. After all... in this mess we had just 1 daily close under that level. So as long as it hold.. i will look for 6270 (check the 3 months range)
good analysis..make sense bro!!!
i havent got a clue at this point..looks like the sum bitch now is flexing up..whole day it sink now london closing the bastard goes up..
what to do..my butt crack is now crossed
- #15,919
- Jul 4, 2011 8:54am Jul 4, 2011 8:54am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
good analysis..make sense bro!!!
i havent got a clue at this point..looks like the sum bitch now is flexing up..whole it sink now london closing the bastard goes up..
what to do..my butt crack is now crossed
I don't want a job, i want money!
- #15,920
- Jul 4, 2011 8:57am Jul 4, 2011 8:57am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
