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  • #488,061
  • Jul 13, 2011 5:12am Jul 13, 2011 5:12am
Quoting FishHead
Unless they're hedging like me. I still have EURUSD longs from up to 1.5 open on one account.

All I do is place limits at key fib points and let the volatility make me money. I average a steady 10-20% a week and close all trades/orders every couple months to lock in profits and so my margin doesn't get hit. The main appeal to me is no SLs, you can't lose money only taking profit. At least not in my experience, anyways.
Well done. You won the award of the worse advice in the thread this week.

Keep up your good trading but it will be a good idea too to avoid misleading people with that trading without stops because I only have winners comments.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #488,062
  • Jul 13, 2011 5:12am Jul 13, 2011 5:12am
Quoting cloggie
4100 is guaranteed to give some confluence and margin out a few noobies in the process, letting it settle is a smart move unless you are comfortably in decent profits.

would like to see some momentum to 70 ish before buying again....
  • #488,063
  • Jul 13, 2011 5:13am Jul 13, 2011 5:13am
Quoting KiwiTrada
positions set now watch hr close for fireworks
"fireworks" ppiiiffff barely lit the bloody fuse, get more excitment lighting my own farts
If you are new to Forex? Say Goodbye to your account!!
  • #488,064
  • Jul 13, 2011 5:13am Jul 13, 2011 5:13am
Quoting kik
at least... I feel a biggggggggggggg muppet

Yesterday I went short, do not leave on time and let the situation get worse at today to be with 120 pips loss
Well I am convinced that this is a psychological game and not everyone has the capacity for it, damm!

after reading what you write here I do not take the bus to school...
I saw him going
try accepting markets dominance and not what you are thinking.
Doing that losing 120 pips in a row is not acceptable.
From that point wait for getting market moves and your views in sync than act.
Don't be a hero. Don't have an ego. Always question yourself
  • #488,065
  • Jul 13, 2011 5:15am Jul 13, 2011 5:15am
Quoting Raza
You have to position precisely....AND STAY SMALL LOTS.. with no SL.

You trading Monthly chart?////??
I look at everything from 4H to monthly when I'm setting/redrawing fibs but I generally go down to 4H or lower when actually placing the orders.

The biggest problem with the system is you have to have a rather hefty account to be able to ride out any unexpected breaks and still use viable lot sizes. And you also have to be a bit sneaky to get around FIFO.
  • #488,066
  • Jul 13, 2011 5:15am Jul 13, 2011 5:15am
Quoting KiwiTrada
"fireworks" ppiiiffff barely lit the bloody fuse, get more excitment lighting my own farts
As you would
  • #488,067
  • Jul 13, 2011 5:15am Jul 13, 2011 5:15am
Out at +103 pips....had a tight stop at 4087 if price broke trend line channel it was moving up on...could have closed around 4100 but gave away 13 pips for 58 if it got there...still may....just might retrace a little now...so i will look to reload later.....

later
  • #488,068
  • Jul 13, 2011 5:15am Jul 13, 2011 5:15am
I am using THV for scalping.And i want ask you.When I am scalping .Is it better to scalp with the trend?
  • #488,069
  • Jul 13, 2011 5:16am Jul 13, 2011 5:16am
My respect to you cloggie.

I'm really a newbie in this business.
I agree whit lowering leverage, although, for me increasing the deposit requirement will not work.

I tried to learn this using a demo account and that not work to me. So I opened a real account with micro-lots.

Right now I'm losing a bit.
I don't know if I will ever make it profit, but I know that without a real account I will never manage this.

Only when I make profit in a consistent way I will use other lots size.

Tank you for your lessons hear.

bb


Quoting cloggie
The retail brokers have lowered the treshold for entry into this business so low that just about any muppet can have a go, most have no business being in this business.

I am a big fan of more regulations, lowering the leverage and even adding a higher margin/deposit requirement, just to protect the average punter here from himself. We should go back to the entry requirements that used to exist for futures/equity trading, that will keep the suckers out. Most here are gamblers, not traders.

Ah well, rant over. Let's go angling again.......
  • #488,070
  • Jul 13, 2011 5:18am Jul 13, 2011 5:18am
closed a position, next stop at 70 area with tp around 58 level.
Trends, breakouts, price action.
  • #488,071
  • Jul 13, 2011 5:18am Jul 13, 2011 5:18am
Hello all, I've love trading and been trading live account but losing mostly. I'm looking for a community to join and learn. Please teach me. Nice to meet everyone in here (since i trade mostly eurusd)
  • #488,072
  • Jul 13, 2011 5:19am Jul 13, 2011 5:19am
as specified, the control point at 4057 worked great giving us a 50 pip trade with DD of 7 pips...
  • #488,073
  • Jul 13, 2011 5:21am Jul 13, 2011 5:21am
Quoting cloggie
I have been giving a little too many hints for my own liking lately, I sure do hope that you actually learn from them and try to replicate them on your own charts.
you're sure doing some good job here cloggie(except for the muppetting..lol). that scalling is a very good idea... although it cld be a bit scary..
how do u close so many trades at the same time?
do u scale based on time intervals or levels?
  • #488,074
  • Jul 13, 2011 5:22am Jul 13, 2011 5:22am
Quoting sisse
Well done. You won the award of the worse advice in the thread this week.

Keep up your good trading but it will be a good idea too to avoid misleading people with that trading without stops because I only have winners comments.

sisse
I'm not advocating my system, I was just saying that some people will keep a trade at much more than -110 pips if they hedge like I do.

I can almost guarantee anyone who tries it WILL get margin called unless they know exactly what they're doing.
  • #488,075
  • Jul 13, 2011 5:22am Jul 13, 2011 5:22am
Quoting Larseg
would like to see some momentum to 70 ish before buying again....
ditto brother watching 73/77...again...
Look Sharp/Trade Tight
  • #488,076
  • Jul 13, 2011 5:24am Jul 13, 2011 5:24am
sisse, the upper pink mid was 4106ish...those dogs, what are you seeing now..
Look Sharp/Trade Tight
  • #488,077
  • Jul 13, 2011 5:26am Jul 13, 2011 5:26am
23.8% fib is done
it maybe time for EU to go DOWN again so longs be carefull here,
Don't compare your Trades with Others
  • #488,078
  • Jul 13, 2011 5:26am Jul 13, 2011 5:26am
Quoting PayTheLimit
ditto brother watching 73/77...again...

, just placed a pending at 74
  • #488,079
  • Jul 13, 2011 5:27am Jul 13, 2011 5:27am
Quoting FishHead
I'm not advocating my system, I was just saying that some people will keep a trade at much more than -110 pips if they hedge like I do.

I can almost guarantee anyone who tries it WILL get margin called unless they know exactly what they're doing.
You are not hedging. You are scaling in and out on the same pair. Which is a valid statistical gambling strategy as long as price stay in a constant range (like the last 3 monthly candles) when it breaks it will wipeout an account if you are caught in the wrong side of the distribution...but I guess you know what you are doing so good luck.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #488,080
  • Jul 13, 2011 5:27am Jul 13, 2011 5:27am
...and closed my 2nd position. Bearish momentum might be a breather, but it is time for me bed. screw 58 if it goes past 4062 area and doesn't come back - I won't be there to monitor it
Trends, breakouts, price action.
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