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  • #571,681
  • Dec 8, 2011 6:22am Dec 8, 2011 6:22am
I'm not sure why you're quoting me mate... I'm not a Cog, nor a Cog follower...

But one word in his defense despite his narcissist personality... having that extra edge in Fundamentals does help...

I use some fundies that I understand to help determine which way I should lean towards...

on that note, you're right, he's never posted a trade, entries, exits, etc... no transparency in his trades at all, other than he's trading on a demo account.

But I guess technical newbies need to start from somewhere

Quoting ark
seriously cog u aint put 1 entry out there. Cog followers that cant be true. Economist talk non-sense all day on the news. I dont listen. They only want u to buy retail prices. My be thats coggs job. Lead the lambs to the slaughter. My opinon on trading the news is dont. I want to know whats going on but never trade based on what they say. Its advertiseing, the power of suggestion is not to under estimated
  • #571,682
  • Dec 8, 2011 6:22am Dec 8, 2011 6:22am
Quoting mla
Yes mate, but sometimes we need to draw the line and have that sensibility not to push to much because it can hurt specially when is done in pack.
There is not point to reach those levels of misunderstanding , is not wise.
The ugly joke is good when it does not last long.

mla
It's a known fact that kids can commit suicide because of being bullied on the internet.
  • #571,683
  • Dec 8, 2011 6:25am Dec 8, 2011 6:25am
Quoting catalicu
Is anyone trading right now?

Ijust took a long at 3379 with s/l at 65.... based on anticipation of the ECB rate reduction, need to move higher before sumit tomorrow for a better fall psition.... thats what i like to think
  • #571,684
  • Dec 8, 2011 6:26am Dec 8, 2011 6:26am
I feel like 1.29 ... :-p

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Hero calls followed by margin calls...
  • #571,685
  • Dec 8, 2011 6:26am Dec 8, 2011 6:26am
could anybody pls explain pros/cons of trading spot fx and fx futures?
read here and there about it,, but a knowledgeable unbiased info would b great.
thx
making money in JimB2468 trading room
  • #571,686
  • Dec 8, 2011 6:27am Dec 8, 2011 6:27am
Quoting Ultimate6
It's a known fact that kids can commit suicide because of being bullied on the internet.

Financial ruin caused by being sh!t in trading can lead to the same, so us here telling them they are crap is actually saving lives.
  • #571,687
  • Dec 8, 2011 6:32am Dec 8, 2011 6:32am
K, from my observation using the trailing-stop on MT4, is not to set your initial SL too close to your entry otherwise you will find that it will get triggered too early...

If you have say, a 40-50 pip SL, when your trade hits 40-50 pips in profit, it'll start to move in your favor by booking in profits almost immediately. for as long as there is a fair breathing space between your entry and the current market price you'll find that the SL from the trailing stop will allow some room to breath without getting triggered.

Note that if you're using a 5 digit broker, you need to add an extra "0" to your figures... 50 trail Stop should be 500 (points).

though I must agree its a bit fiddly at best of times, it explains how to use it via the help topics section in the MT4 menu.



Quoting whatfx
well, iam going out in 5mins. i have set my stop at 13415. if i lose then its only - 6 pips.


i can never get a hang of the trailing stop feature that my broker offers (ig index). they cant explain themselves on how to use it......i have tried.
  • #571,688
  • Dec 8, 2011 6:34am Dec 8, 2011 6:34am
Quoting Cecil Gee
Ijust took a long at 3379 with s/l at 65.... based on anticipation of the ECB rate reduction, need to move higher before sumit tomorrow for a better fall psition.... thats what i like to think
S/L move to b/e +1... protection is better than cure
  • #571,689
  • Dec 8, 2011 6:37am Dec 8, 2011 6:37am
Quoting Cecil Gee
S/L move to b/e +1... protection is better than cure
i think it might of already been priced in, i heard they might cut rate 2 days ago so there has been time for it to be priced in, shock could be if they don't
  • #571,690
  • Dec 8, 2011 6:38am Dec 8, 2011 6:38am
OMG.. you have no clue what so ever! NONE!

A person knows themselves if they are not performing well on their trading stations, they don't need the likes of you digging the knife further in their backs to remind them how they made a mistake...

Ultimate6 was correct, so you need to back off Cloggs and keep your bad views on people to yourself, who knows how many people got depressed by your words, lost their house who tried the forex game to make some money, regardless how little it was, or what have you...

so why not just get back to the Trading front... post your views on what you think the market does, does not do, show entry prices and times, etc.. and leave it that... only a man would do such a thing without the insults.

Quoting cloggie
Financial ruin caused by being sh!t in trading can lead to the same, so us here telling them they are crap is actually saving lives.
  • #571,691
  • Dec 8, 2011 6:40am Dec 8, 2011 6:40am
Quoting Cypher
i think it might of already been priced in, i heard they could cut 2 days ago, shock could be if they don't
I did hear the same but to drop from the low could open gates for heavy selling breaking some barriers, a tad early I think.

Tomorrow
  • #571,692
  • Dec 8, 2011 6:41am Dec 8, 2011 6:41am
Quoting SystemFX2011
I'm not sure why you're quoting me mate... I'm not a Cog, nor a Cog follower...

But one word in his defense despite his narcissist personality... having that extra edge in Fundamentals does help...

I use some fundies that I understand to help determine which way I should lean towards...

on that note, you're right, he's never posted a trade, entries, exits, etc... no transparency in his trades at all, other than he's trading on a demo account.

But I guess technical newbies need to start from somewhere
I only quoted u to keep the mommentum of what u was saying I know who cog is. Fundies are just as important as tech in my eyes. Trading the news is not fundermentals. Imagine a world were the news ruled the markets. Every week would be like the last two. No the news follows the markets, Giving the impresion to the retails buys that they the holy grail.
  • #571,693
  • Dec 8, 2011 6:42am Dec 8, 2011 6:42am
Quoting Motion
First of all, with utmost diligence and humility, I sincerely apologize to everyone if my action was deemed unfair.

But for an appeal, I must confess I really fell off my t-desk laughing on the ground. Everything he wrote just reminded me of my early days of trading. Though I never blew an account, I always withdrew my balance to get back at the markets and my broker. Now don't laugh at me.... Really donme, show me a loss and I will show you a trader. Even UBS suffered trading loss(es). I really don't advice people to go back to demo...
You not the only one, deep down I believe most trader go through this emotional turmoil, biggest lesson for me was dissect my losses over and over, and over adnausium, true trader is not concern "winning" green pip. but "earning" green pip, mm rr account protection
If you are new to Forex? Say Goodbye to your account!!
  • #571,694
  • Dec 8, 2011 6:44am Dec 8, 2011 6:44am
Quoting Cecil Gee
S/L move to b/e +1... protection is better than cure
OUT - BASTARDS
  • #571,695
  • Dec 8, 2011 6:45am Dec 8, 2011 6:45am
rate is 1.0
%
  • #571,696
  • Dec 8, 2011 6:45am Dec 8, 2011 6:45am
Quoting cloggie
Financial ruin caused by being sh!t in trading can lead to the same, so us here telling them they are crap is actually saving lives.
been away for awhile now but i see its business as usuall.
i do have abit of a situation i need a very sober opinion about so i figure its up your ally. posted a pic to help. i need wondering if there is any more ground to lose here, if i should tp now...or just lower my sl's to the lower 23 fib line?
been up for more hours than i should and a sorta powered by whiskey and now coffee so not sure i'm the best analyst right now!!!!
Ta!
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Guard your pips jelously
  • #571,697
  • Dec 8, 2011 6:46am Dec 8, 2011 6:46am
Quoting patient pip
could anybody pls explain pros/cons of trading spot fx and fx futures?
read here and there about it,, but a knowledgeable unbiased info would b great.
thx

one view are taxes....

FX Futures are derivatives instruments. Taxed as derivatives.

FX spot is in some countries are tax free.
  • #571,698
  • Dec 8, 2011 6:48am Dec 8, 2011 6:48am
Quoting 21vs7
As of now...I see a bit of yields rising now on Italy and Spain.

DAX also fighting 6.000 as we speak and looks pretty defeated already.

Still, this baby can easily go either way for 200 pips in a one move 15 minute candle here. Ill play this position long here. 1,3483 as said play in my book a nice level to buy this pair. Relatively tight SL under next resistance there.

Decision time in 30m. Not a really big and strong mover IMO.
When US Jobless Claims and Draghi are on stage-we will have an action.

BE at 1,3383
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  • #571,699
  • Dec 8, 2011 6:50am Dec 8, 2011 6:50am
They cut the rates and euro keep rising WTF
  • #571,700
  • Dec 8, 2011 6:52am Dec 8, 2011 6:52am
Quoting 21vs7
BE at 1,3383
Lol u beat me i am BE at 84! Wanted to add a 2nd order to this but sh!t is to scary!
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