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  • #589,441
  • Jan 28, 2012 3:31pm Jan 28, 2012 3:31pm
if it's a day trade then sometimes i don't use sl either; does depend on the lot size .
  • #589,442
  • Jan 28, 2012 4:09pm Jan 28, 2012 4:09pm
Quoting Taigen
I wish you well my friend, but you are playing with a 2-edged sword. I did the same thing and thought I was on to something until I lost it all. I got up to 17.5k. Consider your $2500 as tuition and when it's gone it is hoped that you will have learned something that no college could offer. Then you won't think of it as so much a loss but the cost of learning.

I remember the feeling. It was fun and yes, it was very awesome.
This to me looks like "Beginnerīs Luck" as in gambling. Most of us had this experience, so we get first the sweet taste and then ...... if you made it out of nowhere, Be careful of the trap!
  • #589,443
  • Jan 28, 2012 4:48pm Jan 28, 2012 4:48pm
Quoting Trendica
Here is another one too...

http://imageshack.us/photo/my-images...jan282119.gif/

Enjoy!
Looked at your invoice and noticed that you are not paying spreads (commission) at all. For example: on 25.01.2012 @ 18:02, you bought 3 lots at 1.30648 and closed at 1.30685 making 3.7 pips which gives profit of 111.00 as shown in your statement. Are you working for a broker or please tell us how you managed 0 spread? Thanks
  • #589,444
  • Jan 28, 2012 5:40pm Jan 28, 2012 5:40pm
Quoting attila
He's going all in for an average of 4-5 pips/trade. It means he is exact to the PIP on each and every trade. Having no losers over so many trades makes it highly suspicious. There are also times when he has a total of 20 lots running. This is BS.
Thought I was the only one that could smell it
Officer ... I swear to drunk I am not God
  • #589,445
  • Jan 28, 2012 5:52pm Jan 28, 2012 5:52pm
Looking through historical data I haven't been able to find any charts with candles similar to the last 3 daily bars. I assume its all speculation that greece will fix all the eur issues and usd not changing interest rates that have caused this set up.

The downgrades weren't even worth anything but a 10 pip scalp for me. Ignore the trade i have its a small lot.

Any thoughts or opinions?

Attached Image (click to enlarge)
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  • #589,446
  • Jan 28, 2012 6:02pm Jan 28, 2012 6:02pm
Quoting ehsan
This to me looks like "Beginnerīs Luck" as in gambling. Most of us had this experience, so we get first the sweet taste and then ...... if you made it out of nowhere, Be careful of the trap!
My profile page explains all my ups and down with the first two years of trading. I have rules that I abide by which pretty much keep me in the green. Right now I'm upside down because I 1) did not go by my rules and 2) right after, I lost power and internet service for five days. If I get back to a 300 pip drop, I should be back at break even.

The first time I don't go by my rules, the power goes out and I get screwed. It might take awhile but I'll get back out.
Taigen Profit This Month: na
  • #589,447
  • Jan 28, 2012 6:04pm Jan 28, 2012 6:04pm
Quoting Ch1l1MaN
I believe this will help u a lot with ur problems.
Try spending ur time in his site. My best mentor.

http://www.learntotradethemarket.com...ion-strategies
Very nice site. Indeed, he will be your good mentor.
  • #589,448
  • Jan 28, 2012 6:17pm Jan 28, 2012 6:17pm
Hey there guys,

hope everyone is having a great weekend - its been a relatively bad trading week for me. kept my sell positions open despite the fact that my analysis had suggested the beginning of a bullish reversal. Anyway - no point crying over spilt milk -- just reviewed charts and indicators and im quite inclined to go down the wait and see route this week, but I'm starting to get a bit bearish on the EUR / USD once again number of reasons

Daily
RSI 65.1 - (suggesting overbought levels once again) would personally wait for it to go slightly higher still - around 67 or higher before selling

MACD Cross over has also been an incredibly reliable signal in the past so waiting for this would be my preferred course of action. the growing histogram suggests that market bullishness may continue

Stochastic - 86.7 -approaching very overbought levels - but again would be reluctant to trade just based on this

Conclusion: Bearish overall but would only enter into a trade after this bullish trend starts slowing down - candlesticks are suggesting that rally may continue
  • #589,449
  • Jan 28, 2012 6:23pm Jan 28, 2012 6:23pm
Quoting ali_baba
Hey there guys,

hope everyone is having a great weekend - its been a relatively bad trading week for me. kept my sell positions open despite the fact that my analysis had suggested the beginning of a bullish reversal. Anyway - no point crying over spilt milk -- just reviewed charts and indicators and im quite inclined to go down the wait and see route this week, but I'm starting to get a bit bearish on the EUR / USD once again number of reasons

Daily
RSI 65.1 - (suggesting overbought levels once again) would personally wait...
1hr macd still doesn't have a cross over yet. Just mentioning since you like macd.
  • #589,450
  • Jan 28, 2012 6:26pm Jan 28, 2012 6:26pm
Quoting pkimnyc
1hr macd still doesn't have a cross over yet. Just mentioning since you like macd.
im sorry if i wasnt clear - im looking at the daily chart not the one hour chart- Also I didnt say that a cross over has formed already - all im saying is that it is a very reliable signal when it does form and is something im keen to wait for.
  • #589,451
  • Edited 6:45pm Jan 28, 2012 6:35pm | Edited 6:45pm
Quoting ali_baba
im sorry if i wasnt clear - im looking at the daily chart not the one hour chart- Also I didnt say that a cross over has formed already - all im saying is that it is a very reliable signal when it does form and is something im keen to wait for.
Lol. Didn't we just have a cross over from bottom 2 weeks ago on daily. Both macd, and signal lines are pointing upwards. Distance between those lines are not even closing up. Stoch indicates cycle, ultimately it follows momentum. Youve mentioned you're a bit bearish next week for number of reasons, I'm just pointing out what my thoughts are on your bearish view based on what I see.
  • #589,452
  • Jan 28, 2012 7:01pm Jan 28, 2012 7:01pm
Ok guys, I am an honorable guy and Im going to do now what very few people from this forum are willing to do and that is admit to a nice loss. Although this hasnt hit my stop at 3250, time to take a risk on profile and will wait to buy a dip here in E/U. I was wrong and I am wrong 25 % of the time so no surprise here. Has happened before and it will happen again.


Will be buying E/CHF at the bell on Sunday shooting for about 400 pips with a 125 pip stoploss.
Please do not vouch for me.
  • #589,453
  • Jan 28, 2012 7:08pm Jan 28, 2012 7:08pm
Quoting spillini
I am wrong 25 % of the time
that's pretty good.
  • #589,454
  • Jan 28, 2012 7:09pm Jan 28, 2012 7:09pm
Quoting spillini
Ok guys, I am an honorable guy and Im going to do now what very few people from this forum are willing to do and that is admit to a nice loss. Although this hasnt hit my stop at 3250, time to take a risk on profile and will wait to buy a dip here in E/U. I was wrong and I am wrong 25 % of the time so no surprise here. Has happened before and it will happen again.


Will be buying E/CHF at the bell on Sunday shooting for about 400 pips with a 125 pip stoploss.
careful chf is on a tear i dont ser long eurchf maybe ranging at best
  • #589,455
  • Jan 28, 2012 7:10pm Jan 28, 2012 7:10pm
Quoting spillini
Ok guys, I am an honorable guy and Im going to do now what very few people from this forum are willing to do and that is admit to a nice loss. Although this hasnt hit my stop at 3250, time to take a risk on profile and will wait to buy a dip here in E/U. I was wrong and I am wrong 25 % of the time so no surprise here. Has happened before and it will happen again.


Will be buying E/CHF at the bell on Sunday shooting for about 400 pips with a 125 pip stoploss.
me thinks the same
Lehman Sisters Wouldn't Have Failed
  • #589,456
  • Jan 28, 2012 7:12pm Jan 28, 2012 7:12pm
Quoting spillini
Ok guys, I am an honorable guy and Im going to do now what very few people from this forum are willing to do and that is admit to a nice loss. Although this hasnt hit my stop at 3250, time to take a risk on profile and will wait to buy a dip here in E/U. I was wrong and I am wrong 25 % of the time so no surprise here. Has happened before and it will happen again.


Will be buying E/CHF at the bell on Sunday shooting for about 400 pips with a 125 pip stoploss.
On this thread, yeah. Not on this forum though...
  • #589,457
  • Jan 28, 2012 7:13pm Jan 28, 2012 7:13pm
Quoting KillerWhale
Actually Mohan, I've tried to get 100% in 1 day.
Opened a subaccount in Oanda with 1 dollar balance, betting the max in scalps.
I almost succeeded.
It took me 28 hours, 157 pips in 27 scalps and YES there it was:

$2.00 account balance.

It's easy to double small amount , intact i have tripled my $10 account in 2 days on a single trade risk was 30% (30 pip) return 200% , if i try to do this again and again sure i will go back to $10

other think i don't have issue risking $3 but can i stay cool when i take 3k risk ?
Mohan
  • #589,458
  • Jan 28, 2012 7:13pm Jan 28, 2012 7:13pm
Quoting Trendica
Yes dear, this is my style of trading... I open an account with 2 - 3k maximum and try as hard as I can to make it anywhere from 10 -15k at the lowest time possible, after I achieve my goal I withdraw ALL the money and then open a new account and put again ONLY 1 - 3k and start trading again, I take the profit out of the game

You may tell me.. "You may will loss, be careful" come on.... I will never lose more than what I deposited which is small amount compare to what I make
Here is the part I don't understand - what is the LOGIC of withdrawing ALL the money and then opening a NEW account?

Surely just drawing down to the required starting amount of $3,000 would achieve the same thing? And less paperwork with broker...

Thanks for any enlightenment you can provide.

It takes a lot for me to IGNORE you, but you can try.
  • #589,459
  • Jan 28, 2012 7:19pm Jan 28, 2012 7:19pm
Quoting Erebus
Here is the part I don't understand - what is the LOGIC of withdrawing ALL the money and then opening a NEW account?

Surely just drawing down to the required starting amount of $3,000 would achieve the same thing? And less paperwork with broker...

Thanks for any enlightenment you can provide.

doesnt make any sense to me...
Lehman Sisters Wouldn't Have Failed
  • #589,460
  • Jan 28, 2012 7:24pm Jan 28, 2012 7:24pm
Quoting Erebus
Here is the part I don't understand - what is the LOGIC of withdrawing ALL the money and then opening a NEW account?

Surely just drawing down to the required starting amount of $3,000 would achieve the same thing? And less paperwork with broker...

Thanks for any enlightenment you can provide.


Its greed dude. I did the same thing 1k to 18k in a month but you start thinking 25k 30k and then probability catches up and you lose it. If you take it out its not harder for greed to take control of you to lose your profit.
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