will do thanks mate!
- #560,203
- Nov 9, 2011 3:01pm Nov 9, 2011 3:01pm
- | Joined Aug 2009 | Status: I support AC Milan and Arsenal | 1,009 Posts
One thing I did learn about Forex is that the prices and charts may look the same but move alot differently than equities. Support and resistance are there, but prices will move differently. I did that approach and kept losing and losing consecutively. It seemed like someone was paying strict attentiont to my tiny account and going against it.
i have to admit i was thinking a lot of time to short EU around 1.3830 with 50 pips s/l last week but i did not really do it when price move to there.. i was always either scared by the movement or wanted to short at a higher price therefore i was kind of regret to miss a lot of chances. I finally shorted it around 1.3840 yesterday with s/l at 1.3865 and i moved s/l b/e when i had around 20 pips but it was s/l eventually... if i could catch any of the movement by last week, i will definitely just leave my s/l at 1.3865 and i could catch the move for today.. but this is too late. my scary and greedy is the biggest enemy than my analysis (my analysis is still not as good as most traders but i think it is not too bad)..
another shame for yesterday was i made a plan that short GBP/USD at 1.6087 with s/l at 1.6185 and looks long term downward movement.. but i was impatient when i saw it played around 1.6100 so i closed it around 1.6070 and then price dropped today.
I think most time our plan is profitable but we just cannot follow our plan when during the market move...
i dont know, i do not want to give up forex but it seems my psychology is too bad for forex.
- #560,204
- Nov 9, 2011 3:02pm Nov 9, 2011 3:02pm
- Joined Dec 2010 | Status: Foook Bollinger-dr.Kegel knows! | 9,794 Posts
- #560,206
- Nov 9, 2011 3:18pm Nov 9, 2011 3:18pm
- Joined Apr 2010 | Status: Trader | 13,228 Posts
Sounds like maybe your broker's using you as a dartboard. Does it happen often?
If your broker believes that your trades are very similar to the majority of trades placed, they might be passing your trades along to market central and as a counter-trade target (ya know... beat you and they beat a bunch of other traders too).
It's a lot less work than looking at broker-supplied order books and doing all that analysis.
Of course, I don't want to make you paranoid...
Question to ask yourself: does tick-by-tick price action change...
Sounds like maybe your broker's using you as a dartboard. Does it happen often?
If your broker believes that your trades are very similar to the majority of trades placed, they might be passing your trades along to market central and as a counter-trade target (ya know... beat you and they beat a bunch of other traders too).
It's a lot less work than looking at broker-supplied order books and doing all that analysis.
Of course, I don't want to make you paranoid...
Question to ask yourself: does tick-by-tick price action change...
ive deposited $50,000 and my account now is only 5000, i lost a lot of money in this shit that my head is daizy and feel like fooled with the whole amount i deposited. fuck such brokers, why they just cant put it directly in the market i am very sure they make counter trades but still can not understand how they do it.
sometimes i close trades winning $5200 and when i go to summary it gives me 2700, another time 1500 gave me 850, how to document these actions?
i am currently depressed, i know forex is profitable but the problem is to deal with decent broker
in short lines if your broaker:
1- gives you bonus for money deposited (does not only count on spreads to profit).
2- provides very high leverage,
3- his spreads are changing dramatically once you open a trade.
then just take your money and escape before they take it from you.
Forex will make you loose but you will stay gambling
- #560,208
- Nov 9, 2011 3:20pm Nov 9, 2011 3:20pm
- Joined Dec 2010 | Status: Foook Bollinger-dr.Kegel knows! | 9,794 Posts
- #560,214
- Nov 9, 2011 3:37pm Nov 9, 2011 3:37pm
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
Just for kicks I start little demo accounts at times to show some of the noobies here what is possible even on a small account and just sticking to scalping the obvious setups. (average trade length is a little over 30 mins)
The link shows an account started on Monday at 600 dollars. If you really concentrate on your trading, pay attention to the fundamentals, the news and the correlated markets, there is money to be made, as long as you don't overtrade.
I kept the history private, don't want you guys to reverse engineer my setups now do I......However...
Mohan 
- #560,217
- Nov 9, 2011 3:41pm Nov 9, 2011 3:41pm
- Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
good morning guy's
i hope euro still exist to trade
i hope euro still exist to trade
Mohan
- #560,219
- Nov 9, 2011 3:45pm Nov 9, 2011 3:45pm
- Joined Apr 2010 | Status: Trader | 13,228 Posts
good morning guy's
i hope euro still exist to trade