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  • #585,441
  • Jan 18, 2012 7:33pm Jan 18, 2012 7:33pm
Quoting Anas99
buddy i wanna hold it because i can short more from 1.2950 if it come n if it is bullish like 1.3100 then i'll close i am confused as i am a new trader .. some is saying close it some one is asking to hold .

my mind is totally puzzled
Btw u should never listen to anyone here. do not take their trades and calls as signals- listen to YOUR analysis and YOUR calls. dont go around listening to forum-ers about trade calls and hitchhiking on their ideas.

ull never be a trader like that - one must be confident of his own analysis and trade plan. the fact that you follow others calss' or whatever is a sign of weakness and indecision.

take all that away - go back to ur drawing board - see whats up from there , not from this ;board;


take care! dont get an mc - preserve capital well, friend!
Have I got something on my face, SOLDIER?
  • #585,442
  • Jan 18, 2012 7:34pm Jan 18, 2012 7:34pm
Quoting bumapatria
now why would anyone get a MC for a -100 pip loss? my 100 pip losses are -1%.

not sure for others tho.... swing trading plan for me uses lower leverage due to higher possible paper loss than scalps or shorter term trading.


or is the guy just not using a stop on a 1:10+ lev. run?
how any time you changing your avatar a month , it taking 5 minutes to indentify you (my brain is old and optimized for s&r only )
Mohan
  • #585,443
  • Jan 18, 2012 7:35pm Jan 18, 2012 7:35pm
Quoting bumapatria
now why would anyone get a MC for a -100 pip loss? my 100 pip losses are -1%.

not sure for others tho.... swing trading plan for me uses lower leverage due to higher possible paper loss than scalps or shorter term trading.


or is the guy just not using a stop on a 1:10+ lev. run?
Because he's trading 3 full lots and he has no idea why he entered the trades or where they are going. If he has held them 100 pips underwater, he'll hold them all the way to MC.

The advice given as an answer to his question 60 pips ago was to close the trades, take the loss and stop trading. To then go to babypips school, open a demo account and learn to trade.

He has to ask what to do and he has to ask whether the PA will go up or down, and he doesn't know why he entered the trade.

I can see a MC coming.....maybe not today, but it's coming.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #585,444
  • Jan 18, 2012 7:36pm Jan 18, 2012 7:36pm
Quoting mohan76
how any time you changing your avatar a month , it taking 5 minutes to indentify you (my brain is old and optimized for s&r only )
once or less

the sierpinski triangle was too blank. CAptain shepard looks more cool and deadly

lol
Have I got something on my face, SOLDIER?
  • #585,445
  • Jan 18, 2012 7:37pm Jan 18, 2012 7:37pm
Quoting Anas99
asr m 3 short in euro from 1.2750 what should i do now should i hold them or close ??
Sorry I cannot give you any advice since I am a new trader.
If you are unsure what to do then maybe consider the replies from other posters and think about protecting your capital
  • #585,446
  • Jan 18, 2012 7:38pm Jan 18, 2012 7:38pm
Quoting realjumper
Because he's trading 3 full lots and he has no idea why he entered the trades or where they are going. If he has held them 100 pips underwater, he'll hold them all the way to MC.

The advice given as an answer to his question 60 pips ago was to close the trades, take the loss and stop trading. To then go to babypips school, open a demo account and learn to trade.

He has to ask what to do and he has to ask whether the PA will go up or down, and he doesn't know why he entered the trade.

I can see a MC coming.....maybe not today, but it's coming....
yikes that worse than a coin toss!!
go to babypips for sure yes - find the baby steps there, u can develop more advanced mechanisms as a growing trader here. lots and lots of material online, pirated or legal and here on FF.

as for MC its highly likely for those no analysis trades.
to the buddy with the problem:
preserve capital - dont waste it - cut loss NOW u didnt even think of where is the stopping point of loss or take profit levels therefore u have no idea SO STOP THE LOSS NOW before its too late. Dont even hope just close it. did u know 3 lots is a heck load of money?! 3 standard fx lots is about... $30 a pip - FUCK thats -$3000 paper loss if ure -100 underwater!!


now go learn man!

buddy also when u get to babypips read leverage and margin really well. i also recommend no leverage at all or the usage of 1:5 - 1:10 max.

dont try get all cocky for 1:50 , or even 1:100 , thatll get ya killed. build money - once u have "play money" u can do all u want with it
Have I got something on my face, SOLDIER?
  • #585,447
  • Jan 18, 2012 7:41pm Jan 18, 2012 7:41pm
Quoting Anas99
buddy i wanna hold it because i can short more from 1.2950 if it come n if it is bullish like 1.3100 then i'll close i am confused as i am a new trader .. some is saying close it some one is asking to hold .

my mind is totally puzzled
averaging loosing trade not advisable, are you on mt4 ? , are you allowed to close any trade or fifo rule ?
Mohan
  • #585,448
  • Jan 18, 2012 7:41pm Jan 18, 2012 7:41pm
can anyone advise on what pivot point is best to follow daily hourly etc
  • #585,449
  • Jan 18, 2012 7:43pm Jan 18, 2012 7:43pm
Quoting Kingshaz
can anyone advise on what pivot point is best to follow daily hourly etc
Pivot Point = ( High + Close + Low )/3 of a candle it's good to follow ny closing time for daily , weekly , month

http://www.actionforex.com/markets/p...2010040848154/
Mohan
  • #585,450
  • Jan 18, 2012 7:45pm Jan 18, 2012 7:45pm
Quoting mohan76
averaging loosing trade not advisable, are you on mt4 ? , are you allowed to close any trade or fifo rule ?


m allowed to close my trade whenever i want
Anas Farooq
  • #585,451
  • Edited 8:18pm Jan 18, 2012 7:48pm | Edited 8:18pm
Quoting Anas99
m allowed to close my trade whenever i want
let me bit clear , some USA broker force you to closed first open trade closed fist (FIFO rule) , some broker platform not allow you to have separate sl per trade.
Mohan
  • #585,452
  • Jan 18, 2012 7:52pm Jan 18, 2012 7:52pm
Quoting johnnyrei
Closed @1.2850. 1.2844 current 18 day SMA on Daily. Long @ 12851 - sl @ 1.2838. My last trade for today.
Closed @ 1.2856 - good night.
  • #585,453
  • Jan 18, 2012 8:24pm Jan 18, 2012 8:24pm
Quoting mohan76
let me bit clear , some USA broker force you to closed first open trade closed fist (FIFO rule) , some broker platform not allow you to have separate sl per trade.
hi mohan, what numbers are we waiting for? is euro going to 2870 today? futures look bullish at the moment.
  • #585,454
  • Edited 8:52pm Jan 18, 2012 8:28pm | Edited 8:52pm
Quoting happytrader
hi mohan, what numbers are we waiting for? is euro going to 2870 today? futures look bullish at the moment.
upside 2867 current resistant, and 2878 double top ,testing without news should give some pull back then psycho 2900/10 then 2942/50

down side 2840 , 2810/00, 2780/72

Asian session tp 10/20 pips buying @ dip for next 1 hour

daily highs


13/01/20121.28778
5/01/20121.29457

29/12/20111.29641
2/01/20121.29688

30/12/20111.29981

4/01/20121.30721
3/01/20121.30762
Mohan
  • #585,455
  • Jan 18, 2012 9:01pm Jan 18, 2012 9:01pm
Quoting mohan76
upside 2867 current resistant, and 2878 double top ,testing without news should give some pull back then psycho 2900/10 then 2942/50

down side 2840 , 2810/00, 2780/72

Asian session tp 10/20 pips buying @ dip for next 1 hour

daily highs


13/01/2012 1.28778
5/01/2012 1.29457

29/12/2011 1.29641
2/01/2012 1.29688

30/12/2011 1.29981

4/01/2012 1.30721
3/01/2012 1.30762
hope so, i already short for 30 pip at 867 sl -30 tp +30
Rome was not built in a day, but I will do in a day if it was me.
  • #585,456
  • Jan 18, 2012 9:24pm Jan 18, 2012 9:24pm
Quoting Sar
hope so, i already short for 30 pip at 867 sl -30 tp +30
it might test 77 in next 30 mins
Mohan
  • #585,457
  • Jan 18, 2012 9:29pm Jan 18, 2012 9:29pm
Quoting mohan76
it might test 77 in next 30 mins
tested early than expected
Mohan
  • #585,458
  • Jan 18, 2012 9:30pm Jan 18, 2012 9:30pm
289x in play
  • #585,459
  • Jan 18, 2012 9:34pm Jan 18, 2012 9:34pm
Could get interesting .........
Attached Image (click to enlarge)
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #585,460
  • Jan 18, 2012 9:37pm Jan 18, 2012 9:37pm
Quoting mohan76
tested early than expected
I have 78 instead....
Do you think it can hold until London?
Patience, Emotion Control and Discipline.
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