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  • #550,081
  • Oct 13, 2011 9:11am Oct 13, 2011 9:11am
same
Quoting Yuchen
I use 20 SMA and it seems 4H indicates 1.3692 should be an entry to buy. i long it at 1.36927 with s/l at 1.36714
" you can't consume more than you produce "
  • #550,082
  • Oct 13, 2011 9:11am Oct 13, 2011 9:11am
Quoting Memnonxxi
first move from Q3
I see that, nice overview really, nice work lets see than if we can break down if not you are right..
" Accepting losses is the most important single investment devise "
  • #550,083
  • Oct 13, 2011 9:12am Oct 13, 2011 9:12am
Quoting Yuchen
I use 20 SMA and it seems 4H indicates 1.3692 should be an entry to buy. i long it at 1.36927 with s/l at 1.36714
wont work in the long run....just for information.
Hero calls followed by margin calls...
  • #550,084
  • Oct 13, 2011 9:16am Oct 13, 2011 9:16am
Quoting kuroro001
Looks like we'll have to go to 1,365x

But i won't short such bullshit PA...especially the last 5mn candles...
You just missed easy money. It was perfect for short scalps.
  • #550,085
  • Oct 13, 2011 9:17am Oct 13, 2011 9:17am
Quoting egkid
Hi
I never traded demo and still trade same account that i started 4 years ago
Trading like personality everyone has his own but for safe rule they say so
catch u when back home still at work
you are certainly an exception

but any how , look at his case

he zeroed 2500 USD
and now he has 250 USD in new account which started 500 USD !!

to make 250 grow up to 500 USD thats 100% !

a lot of work and a waste of time on 250 USD . plus fear factor not to zero 250 after zeroing 2.5k and losing 50% of the new account .
and ofcorse minimum to trade would be 0.03 lots just to give him 3 chances of three targets per trade . and it would be his maximum too !! because of 250 only . other wise he would risk losing all in one or two trades if just used 0.1 lot

losing streak of only 5 trades brings him 70% down !

chances of ruin is certain mathematically .

no one on the planet can turn 250 USD into 20k lets be realistic !!

he is certainly better of not to lose the 250 , get him self new monitor or something and practice for a year on demo till he masters opening demo account , then bring it 100% up .
if he lost one more real account he will give up entirely.
I SEE YOU !!
  • #550,086
  • Oct 13, 2011 9:19am Oct 13, 2011 9:19am
  •  Vilgax
  • | Joined Aug 2010 | Status: Lack of money is root of most evil | 466 Posts
Quoting PhAnTi'
wont work in the long run....just for information.

agree, PA is king. Yes granted the market can turn at any time but this bear appears very strong to me / waiting for 88 to be smashed thru
The forex market has its own life and takes its own time.
  • #550,087
  • Oct 13, 2011 9:21am Oct 13, 2011 9:21am
Quoting micho
opened short on gold at 1666.01, target 1518.77
i closed gold +117
When life gives you lemons, make lemonade
  • #550,088
  • Oct 13, 2011 9:27am Oct 13, 2011 9:27am
the € is sticked on this level
I the pound not rebound now, there is a very good place to short it from 5710 level with sl -20
" Accepting losses is the most important single investment devise "
  • #550,089
  • Oct 13, 2011 9:29am Oct 13, 2011 9:29am
Definite buying coming in. Still too early for a long, but have covered my short.
  • #550,090
  • Oct 13, 2011 9:30am Oct 13, 2011 9:30am
Quoting micho
i closed gold +117
that was too early
  • #550,091
  • Oct 13, 2011 9:31am Oct 13, 2011 9:31am
Quoting amir_mehdi
that was too early
well the drawdown might be too large for me... the target is 1000 pip away so i went out cause i have other trades open
When life gives you lemons, make lemonade
  • #550,092
  • Oct 13, 2011 9:35am Oct 13, 2011 9:35am
I see the last three 5 mins candel closed as bull so i assume the 5 mins bottom is formed and i move my s/l be at 1.3693. now i will just relax and watch how the market goes
  • #550,093
  • Oct 13, 2011 9:35am Oct 13, 2011 9:35am
  • #550,094
  • Oct 13, 2011 9:40am Oct 13, 2011 9:40am
Chatter of a UK downgrade today, could really kill the risk trade if it comes to fruition, holding my shorts until a clear break of 1.38 anyways.
Yay! Pips for everyone!
  • #550,095
  • Oct 13, 2011 9:43am Oct 13, 2011 9:43am
Quoting PhAnTi'
wont work in the long run....just for information.
what do you mean wont work in the long run?
do you mean use this strategy is not good for trade in the future or do you mean this strategy is not good for long-term trade?
I think 20 SMA is not bad for mid-term and long-term trade if follow the trend it is just similar like a trend line if you look at 4H and 1H chart so if it stays above 20 SMA then the price will continue to go up. But it is not good when the market is swing in range cause when you thought it formed a gold-cross or dead-cross then it will come back and got s/l.
  • #550,096
  • Oct 13, 2011 9:43am Oct 13, 2011 9:43am
some confused of the PA handle, is that a bull setup and daily trend change , or are bears reloading new shorts...hmmm
" Accepting losses is the most important single investment devise "
  • #550,097
  • Oct 13, 2011 9:43am Oct 13, 2011 9:43am
Quoting Yuchen
I use 20 SMA and it seems 4H indicates 1.3692 should be an entry to buy. i long it at 1.36927 with s/l at 1.36714
retracement is not over yet, fib 23.6 is somewhere around 3670. I assume there would not be a major uptrend at the moment
As Above, So Below
  • #550,098
  • Oct 13, 2011 9:45am Oct 13, 2011 9:45am
Quoting Yuchen
I see the last three 5 mins candel closed as bull so i assume the 5 mins bottom is formed and i move my s/l be at 1.3693. now i will just relax and watch how the market goes
BREAKING BAD ( ONE OF THE BEST TV SHOWS EVER-dramatic-the story of walter and jessi, I will never forget you both)
" Accepting losses is the most important single investment devise "
  • #550,099
  • Oct 13, 2011 9:46am Oct 13, 2011 9:46am
however there is a pinbar in 30M...
As Above, So Below
  • #550,100
  • Oct 13, 2011 10:07am Oct 13, 2011 10:07am
Slovaks pass the bailout fund, so, does the market continue to move higher, or take the hot news flash, toss it in the trash, and continue moving down.
Yay! Pips for everyone!
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