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EURUSD

  • #570,561
  • Dec 6, 2011 11:41am Dec 6, 2011 11:41am
Quoting Cypher
30% change so far trading

i quite like syria trades, propaganda machine, sky news, has been in full gear all day on syria
n1!
"I know one thing, that I know nothing." Sokrates
  • #570,562
  • Dec 6, 2011 12:06pm Dec 6, 2011 12:06pm
I am like the only person I know that made it into their thirty's with a conscience.
  • #570,563
  • Dec 6, 2011 12:08pm Dec 6, 2011 12:08pm
Quoting KillerWhale
Being busy

EG LONG
EG SHORT

and no single loser in the last 10 days or so
great job, congratz...
Quant Hedge Fund CEO
  • #570,564
  • Dec 6, 2011 12:11pm Dec 6, 2011 12:11pm
Quoting Wulfgar
any takers on when the first missle strike on Iran is gonna be?

Maybe a new years day special?
It's already going on. Those so called accidental explosions over there lately were no accidents.
Time turns trend. - W.D. Gann
  • #570,565
  • Dec 6, 2011 12:14pm Dec 6, 2011 12:14pm
Hmmm, I'm gonna throw myself out there and see what happens.

I could use some help. I've been on and off trading demo/live for 2.5 years now, in-between working a full time job and wife and kids. I know the in's and out's, have been margin called on an account when I thought I had closed the trade. Have had good days and bad, but always seem to break even/lose a little. I'm very statistical, ie I love to do research. Though not sure what direction I should pour my focus into. Though of late I have been trading/researching more on the fundamental aspect than the technical.

What would your recommendations be for me to profit and remove myself from the rat-race?

Thank you ahead of time
~Ody
  • #570,566
  • Dec 6, 2011 12:19pm Dec 6, 2011 12:19pm
Ody check out Gator on Useless Thread He is a Master the guy is Very Good But the thread is filled with Great traders
  • #570,567
  • Dec 6, 2011 12:21pm Dec 6, 2011 12:21pm
Quoting Ody
Hmmm, I'm gonna throw myself out there and see what happens.

I could use some help. I've been on and off trading demo/live for 2.5 years now, in-between working a full time job and wife and kids. I know the in's and out's, have been margin called on an account when I thought I had closed the trade. Have had good days and bad, but always seem to break even/lose a little. I'm very statistical, ie I love to do research. Though not sure what direction I should pour my focus into. Though of late I have been trading/researching more on the fundamental...
try not to find answer from public forums such as this. you need to figure that out on your own. your comfort zone, duration of holding period, which sessions to trade, etc....

run a test for at least 6 months then you should have what you are looking for.
  • #570,568
  • Dec 6, 2011 12:22pm Dec 6, 2011 12:22pm
Quoting Ody
Hmmm, I'm gonna throw myself out there and see what happens.

I could use some help. I've been on and off trading demo/live for 2.5 years now, in-between working a full time job and wife and kids. I know the in's and out's, have been margin called on an account when I thought I had closed the trade. Have had good days and bad, but always seem to break even/lose a little. I'm very statistical, ie I love to do research. Though not sure what direction I should pour my focus into. Though of late I have been trading/researching more on the fundamental...

There is no escape from the rat race. If you want to succeed, you need to dive in and study and work hard. Treat it like a business.
  • #570,569
  • Dec 6, 2011 12:23pm Dec 6, 2011 12:23pm
Quoting pkimnyc
try not to find answer from public forums such as this. you need to figure that out on your own. your comfort zone, duration of holding period, which sessions to trade, etc....

run a test for at least 6 months then you should have what you are looking for.
In addition to that:

Try the "school" on www.babypips.com, that certainly won't hurt you.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #570,570
  • Edited 12:28pm Dec 6, 2011 12:25pm | Edited 12:28pm
Quoting Ody
What would your recommendations be for me to profit and remove myself from the rat-race?

Thank you ahead of time
Compound and trade only money you don't immediately need.

When you are winning, you will win for a longer period than you imagine.

When you are losing, you will be losing for a longer period than you imagine.

Hence cut losers, let winners run.

Take profit. If you are in and out everyday, the session you are up is what you will generally get. Next session there will be a flood of traders ready to smoke the profits you have accumulated as others have learned the lesson and booked their profits for the day already.

Quit scalping. Forget investing, find a balance in the middle. Trust nothing except higher highs and higher lows, lower highs and lower lows, that is the trend.

Do not go all in during NFP, in fact, if you have had a decent week, don't even trade the first Friday of the month.

It will take so much longer than you thought to "GET IT", you will wonder where the years went. It's normal.

and forget one sentence responses.
  • #570,571
  • Dec 6, 2011 12:28pm Dec 6, 2011 12:28pm
Quoting Ody
Hmmm, I'm gonna throw myself out there and see what happens.

I could use some help. I've been on and off trading demo/live for 2.5 years now, in-between working a full time job and wife and kids. I know the in's and out's, have been margin called on an account when I thought I had closed the trade. Have had good days and bad, but always seem to break even/lose a little. I'm very statistical, ie I love to do research. Though not sure what direction I should pour my focus into. Though of late I have been trading/researching more on the fundamental...
lots of useful stuff here: http://www.forexfactory.com/showthread.php?t=319923
Kill the ego, or it will kill the mission.
  • #570,572
  • Dec 6, 2011 12:35pm Dec 6, 2011 12:35pm
Quoting Ody
... I'm very statistical, ie I love to do research. Though not sure what direction I should pour my focus into. Though of late I have been trading/researching more on the fundamental aspect than the technical.

What would your recommendations be for me to profit and remove myself from the rat-race?

Thank you ahead of time
What a question. I tink noone is going to help you with that. You yourself should know if you are able to master statistics to the profitable level, or if you are willing to learn fundamentals for X years.

But I will give it a shot. So you know who is giving you hints, I trade live for four months, profitable so far, finished University of Economics, burned one live two years ago when I thought MACD + Stoch + MA cross are sufficient for trading. So I do only fundies and S/R now and it works fine.

I think that if you are statistically based, you should look for profits within smaller timeframes. Statistics work awesome for scalpers. If you set propper money management, RR, and test your system for half a year I think you could be fine. I assume psychology is not a problem since you have traded for 2+ years and have kids .

Well, scalping isnt my field, these are just my thoughts about it. Btw that first account of mine was scalping. But I think there may be some succesfull scalpers here who could help you.

And If you want to do swing trading (and are willing to learn), coz you have a job and life, I suggest you read, read, read and chat at FF. But not on this thread, there is hardly any fundamental discussion here.

T
"I know one thing, that I know nothing." Sokrates
  • #570,573
  • Dec 6, 2011 12:39pm Dec 6, 2011 12:39pm
Quoting Tom_D_Trader
What a question. I tink noone is going to help you with that.
You didn't say anything wrong, but what am I, invisible?
  • #570,574
  • Dec 6, 2011 12:43pm Dec 6, 2011 12:43pm
can someone explain me why an iran war will be bad for the dollar?
thank you!

i thought an iran war will drive up the oil price, and because the oil price is in dollars, the demand to dollers will rise so will the dollar index...?
  • #570,575
  • Dec 6, 2011 12:47pm Dec 6, 2011 12:47pm
Quoting Tom_D_Trader
But I will give it a shot. So you know who is giving you hints, I trade live for four months, profitable so far, finished University of Economics, burned one live two years ago when I thought MACD + Stoch + MA cross are sufficient for trading. So I do only fundies and S/R now and it works fine.
those are good combination dude.
  • #570,576
  • Dec 6, 2011 12:52pm Dec 6, 2011 12:52pm
Quoting tradetheday
can someone explain me why an iran war will be bad for the dollar?
thank you!

i thought an iran war will drive up the oil price, and because the oil price is in dollars, the demand to dollers will rise so will the dollar index...?
First, the retarded amount of debt that war would add to a dollar already kept alive intravenously. Second, you are correct oil is priced in dollars, and if it takes more dollars to buy a barrel of oil that reflects a weakness in the dollar not so much a scarcity of oil. Just ask Texans who have gone from cradle to grave in luxury by doing nothing more than winking at their bankers.
  • #570,577
  • Dec 6, 2011 12:59pm Dec 6, 2011 12:59pm
Quoting SerpentDove
First, the retarded amount of debt that war would add to a dollar already kept alive intravenously. Second, you are correct oil is priced in dollars, and if it takes more dollars to buy a barrel of oil that reflects a weakness in the dollar not so much a scarcity of oil. Just ask Texans who have gone from cradle to grave in luxury by doing nothing more than winking at their bankers.
but isn't it true that the oil price will rise, more because of the insecure of oil supply in the middle east, what no weakness in dollar means?
  • #570,578
  • Dec 6, 2011 1:01pm Dec 6, 2011 1:01pm
i just tried for the first time a EURUSD 10 mini lot trade. Stop at breakeven i am up 14 pips...... worth a whooping 1000$ LOL

Thats a complete different game when you are in in Size.
  • #570,579
  • Dec 6, 2011 1:02pm Dec 6, 2011 1:02pm
Quoting ThisPip
i just tried for the first time a EURUSD 10 mini lot trade. Stop at breakeven i am up 14 pips...... worth a whooping 1000$ LOL

Thats a complete different game when you are in in Size.
...
  • #570,580
  • Dec 6, 2011 1:02pm Dec 6, 2011 1:02pm
Quoting ThisPip
i just tried for the first time a EURUSD 10 mini lot trade. Stop at breakeven i am up 14 pips...... worth a whooping 1000$ LOL

Thats a complete different game when you are in in Size.
Especially when it gaps over your stop and keeps running for 70 pips.
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