my recommendation is to close these positions now. It seems you gain a good profit but after few minutes no one knows
a few gains rather than a big lose
- #555,061
- Oct 27, 2011 4:23am Oct 27, 2011 4:23am
- #555,062
- Oct 27, 2011 4:24am Oct 27, 2011 4:24am
Very nice advice
To trade success must understand "everything" intimately on screen, brokers offer all kinds of crap, makes pretty pictures, to help succeed, still 95% fail,
Start PA intimate add S&R intimate add MM intimate RR intimate etc etc, before long you realise, you can start eliminate many because you can see their data in the basic PA
Trade safe kiwi
Dear Kiwi,
What is RR? mind me asking....
- #555,064
- Oct 27, 2011 4:29am Oct 27, 2011 4:29am
- | Membership Revoked | Joined Mar 2011 | 1,831 Posts
Yup thx buddy.. i am now scared though after watching this slow move in E/U so just closed my 2 Lot = 1.4032 at 1.3988 ... not that much gain as i expected but sufficient enough for me 4 today... rest 2 trades are currently trading at par...
Trade responsiblypatience is the key/Swing trader
- #555,065
- Oct 27, 2011 4:31am Oct 27, 2011 4:31am
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
If there was easy money lying around,no one would be forcing it into your
- #555,066
- Oct 27, 2011 4:31am Oct 27, 2011 4:31am
- Joined Aug 2008 | Status: Fear makes us see who we really are | 4,822 Posts
Move stopped at critical breaking point for euro because Fitch is on newswires right now and is defending it's short eurusd position 
Interesting to see how this turns out.
Interesting to see how this turns out.
They think they are smarter than I am.
- #555,067
- Oct 27, 2011 4:34am Oct 27, 2011 4:34am
I hope u took ur lessons today
- #555,068
- Oct 27, 2011 4:38am Oct 27, 2011 4:38am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
I hope u took ur lessons today
COT: The precious data ignored
- #555,069
- Oct 27, 2011 4:48am Oct 27, 2011 4:48am
Yup... That was my mistake earlier by putting all balance on the stake.. which i realised and will never do it again in future. Now atleast half of my balance is safe..
And yet even I wouldn't risk a 50% stake in this climate but then I trade much larger positions than you.
"I made all my money by selling too soon"
- #555,070
- Oct 27, 2011 4:49am Oct 27, 2011 4:49am
- | Joined Oct 2011 | Status: Trader | 2,157 Posts
Move stopped at critical breaking point for euro because Fitch is on newswires right now and is defending it's short eurusd position
Interesting to see how this turns out.
yesterday Morgan Stanley said it is bearish to 130 and 125 on bloomberg and now Fitch although I agree with them longer term like starting next week (lol),
upside has not completely played out and could catch alot of early short sellers out, so stay vigilant everyone.
Also I could be wrong but I'm still looking at 4100+ before shorting
- #555,073
- Oct 27, 2011 4:51am Oct 27, 2011 4:51am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
Lesson can be learned without blowing account also....
COT: The precious data ignored
- #555,074
- Oct 27, 2011 4:51am Oct 27, 2011 4:51am
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
Lesson can be learned without blowing account also....
If there was easy money lying around,no one would be forcing it into your
- #555,076
- Oct 27, 2011 4:59am Oct 27, 2011 4:59am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
Dear Kiwi,
What is RR? mind me asking....
RR is Risk / Reward ratio
RR 1/2
risk 10pip sl 10- take profit target 20+pip
RR 1/3
risk 10pip sl 10- take profit target 30+pip
etc etc
is very important componant of account accumulation/protection
example
RR 1/3
Enter 3 trades 10-pip sl target 30+pip
2 trades stopped = 20pip loss
1 trade success = 30pip pip banked
So lose 2 equal trades, succeed 1, but still make profit 10+pip overall
I not include spread, commission etc is just simple explaination
Sorry I crap with words, maybe someone else explain better
If you are new to Forex? Say Goodbye to your account!!
- #555,077
- Oct 27, 2011 4:59am Oct 27, 2011 4:59am
- | Joined Jun 2008 | Status: Learning Properly This Time! | 1,212 Posts
TRYING TO PICK TOPS..........In order! this was 2 days ago. sell limit @ 1.4050. TP:3860
Keep It Simple Stupid
- #555,078
- Oct 27, 2011 5:18am Oct 27, 2011 5:18am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
F^(^&(&king thieving broker
aholes, checkout the F*^*^*&king spread crap plicks, any F^%786&king wider and would take up whole f()*%^^king screen, this job hard enough without this BS
sorry about words is just frustrated and f^%^*^*$*^$&king piss off
aholes, checkout the F*^*^*&king spread crap plicks, any F^%786&king wider and would take up whole f()*%^^king screen, this job hard enough without this BSsorry about words is just frustrated and f^%^*^*$*^$&king piss off
If you are new to Forex? Say Goodbye to your account!!
- #555,079
- Oct 27, 2011 5:18am Oct 27, 2011 5:18am
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Mohan
- #555,080
- Oct 27, 2011 5:22am Oct 27, 2011 5:22am
F^(^&(&king thieving broker
sorry about words is just frustrated and f^%^*^*$*^$&king piss off
the spreads offered on some pairs is ridiculous. i love shorting eur/aud lately but 5 pip spread kills me