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  • #589,461
  • Jan 28, 2012 7:38pm Jan 28, 2012 7:38pm
Quoting sidhujag
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.
You completely missed my point, but then this is the internet.

Yes, OK, greed, withdraw money, sure, totally agree, reduce risk, etc, blah, blah....

BUT why withdraw ALL money and open NEW account?

How does that actually HELP with anything? Doesn't drawing the account down to $3,000 achieve the same thing as open new account with $3,000?

Easy, just answer yes or no, then you can explain.

Not logical Spock!!!

It takes a lot for me to IGNORE you, but you can try.
  • #589,462
  • Jan 28, 2012 7:47pm Jan 28, 2012 7:47pm
Quoting Erebus
You completely missed my point, but then this is the internet.

Yes, OK, greed, withdraw money, sure, totally agree, reduce risk, etc, blah, blah....

BUT why withdraw ALL money and open NEW account?

How does that actually HELP with anything? Doesn't drawing the account down to $3,000 achieve the same thing as open new account with $3,000?

Easy, just answer yes or no, then you can explain.

Not logical Spock!!!

ur right back to initial deposit would work
  • #589,463
  • Edited Jan 29, 2012 1:53am Jan 28, 2012 7:50pm | Edited Jan 29, 2012 1:53am
Quoting Erebus
You completely missed my point, but then this is the internet.

Yes, OK, greed, withdraw money, sure, totally agree, reduce risk, etc, blah, blah....

BUT why withdraw ALL money and open NEW account?

How does that actually HELP with anything? Doesn't drawing the account down to $3,000 achieve the same thing as open new account with $3,000?

Easy, just answer yes or no, then you can explain.

Not logical Spock!!!


i can understand fully withdraw and re-fund account some time later (just to avoid addiction), new account is bit hard to understand unless he have gambling problem .

Edit : member Anup made good point , i had similar experience with one brokers (STP broker)
Mohan
  • #589,464
  • Jan 28, 2012 8:14pm Jan 28, 2012 8:14pm
thanks for understanding guys, now where is OP what's his name?

Trendica

to explain his actions!

It takes a lot for me to IGNORE you, but you can try.
  • #589,465
  • Jan 28, 2012 8:18pm Jan 28, 2012 8:18pm
USDX already penetrated 79-79.71 support zone. The reversal looks like a V-shape reversal. To have a sustainable downtrend, in theory, USDX needs to form a resistance level or consolidate for a while.


The next support zone will be 77.92-78.11.


http://lcchong.files.wordpress.com/2...ng?w=837&h=379
  • #589,466
  • Jan 28, 2012 8:55pm Jan 28, 2012 8:55pm
  •  fivex
  • | Joined Sep 2011 | Status: This is the title that appears | 247 Posts
Quoting pkimnyc
Very nice site. Indeed, he will be your good mentor.
thanks Ch1l1MaN
that is an awesome site, full of great info even with not "purchasing" anything You still get lots of good tips.
  • #589,467
  • Jan 28, 2012 10:08pm Jan 28, 2012 10:08pm
Quoting KCV
True. I tried that.

But my problem was, I was successfull for 5 sessions and the 6th session took all the pips i made.

Trying to figure out how to cut the bad trades.

To make 10 Pips how much ur stop will be.

Thats where I got burned.

Any thoughts will be great.

Thansk.
KC.
First, don't worry about making 10 pips, that is nothing, you need bigger target, bigger stops, and smaller position size or you will stop out every time.

When you go for big win, you will have big loss.

Quite easy when you know how, in fact all you can control is how much you lose per trade, so what you need to know and more importantly DO is -

1. How many pips to Stop Loss

2. Adjust Position Size so MAX loss is 2% (or whatever you use as RISK)

Example:

Using this well know London Open Break Out as a trade example, shown on chart, first 2 hours is 30 pips range, set pending order(s) to catch price action.

Set stop loss at other side of range (30) OR last swing low (60)

Adjust Position Size to the stop - notice RISK never changes!

Take the trade and all you ever know is that something will happen!

Attached Image(s) (click to enlarge)
Click to Enlarge Name: pos_size-1.png Size: 51 KB
Click to Enlarge Name: calc01.png Size: 46 KB
Click to Enlarge Name: calc02.png Size: 46 KB
It takes a lot for me to IGNORE you, but you can try.
  • #589,468
  • Jan 28, 2012 10:14pm Jan 28, 2012 10:14pm
Here is a trade that I think can be made as a valid bias for a short position.
[see chart attached] The chart basically says it all with the red arrow.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.JPG Size: 118 KB
All posts are my personal opinion
  • #589,469
  • Jan 28, 2012 11:33pm Jan 28, 2012 11:33pm
I'm going to trade Deutsche Mark tomorrow.
At least that would be a valid bull run.
Euro will collapse sooner or later and I hate to be a bull on Euros.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #589,470
  • Jan 29, 2012 12:47am Jan 29, 2012 12:47am
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
Quoting Erebus
You completely missed my point, but then this is the internet.

Yes, OK, greed, withdraw money, sure, totally agree, reduce risk, etc, blah, blah....

BUT why withdraw ALL money and open NEW account?

How does that actually HELP with anything? Doesn't drawing the account down to $3,000 achieve the same thing as open new account with $3,000?

Easy, just answer yes or no, then you can explain.

Not logical Spock!!!


Been doing similar thing for quite a time now if you see my explorers attached to profile.

A slight difference.

Keep withdrawing till i reach $30 k . Then close account and open new one .

Why?

Since i have witnessed what happens once you withdraw more than 30k to 50 k far more quickly.

Slow executions , slippage and lot of things on the broker i use.
And i cant switch to other broker due to to certain conditions .
BEING PROFESSIONAL IS ALL ABOUT HOW YOU CONTROL FASTEST THING--UR MIND!
  • #589,471
  • Jan 29, 2012 1:05am Jan 29, 2012 1:05am
Quoting fivex
thanks Ch1l1MaN
that is an awesome site, full of great info even with not "purchasing" anything You still get lots of good tips.
Glad all of u guys find it useful.
That site is all about trading with Price Action.
Many useful trading tips plus free vids included for ur learning.
Good luck!
  • #589,472
  • Jan 29, 2012 1:11am Jan 29, 2012 1:11am
Iran will be voting to cut Oil supply to Europe as early as next week , vote takes place today.
The hunter becomes the prey ...

http://www.reuters.com/article/2012/...80S01C20120129

Expect to see some headless chickens especially in Greece and Italy running around in circles looking for Saudi Arabia's imaginary Oil reserves.
I imagine oil going up and Greece needing an even bigger bailout so they can chase after some new contracts.
Officer ... I swear to drunk I am not God
  • #589,473
  • Jan 29, 2012 2:46am Jan 29, 2012 2:46am
What evryone needs to think about...

Now the price is 600 pips up from the low.... So why is everyone looking for a setup?

If you had traded with a longer frame of mind by now you would not even be contemplating to short because you would be in 600 pip profit.... Just shows that
  • #589,474
  • Jan 29, 2012 3:28am Jan 29, 2012 3:28am
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  • #589,475
  • Jan 29, 2012 3:44am Jan 29, 2012 3:44am
Longer dated Italian paper on offer Monday morning,
5 and 10 years,needs to be watched closely.
You can remain irrational longer than you can remain solvent.
  • #589,476
  • Jan 29, 2012 4:13am Jan 29, 2012 4:13am
Quoting mkvy
What evryone needs to think about...

Now the price is 600 pips up from the low.... So why is everyone looking for a setup?

If you had traded with a longer frame of mind by now you would not even be contemplating to short because you would be in 600 pip profit.... Just shows that
actually any real trader is constantly looking for the counter trend move to hedge the larger move in case of a continuation/reversal
  • #589,477
  • Jan 29, 2012 4:23am Jan 29, 2012 4:23am
Quoting Wulfgar
actually any real trader is constantly looking for the counter trend move to hedge the larger move in case of a continuation/reversal
Hey wulf
How did you do with your yens from 120?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #589,478
  • Edited 4:48am Jan 29, 2012 4:24am | Edited 4:48am
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.

It is simple friend.... I withdraw ALL the money as I don't wana risk again the profit while I am trading, plus my strategy work best with just as law as 2 - 4k.

You might ask now..... "But why you will even withdraw the principle and open a NEW account to trade in?" It is simple...

So I gain again the bonus that my broker will give me for trading (up to 50% bonus I gain everytime, my style of trading makes me gain ALL the 50%, as I trade 10 million USD in volume )

I think you understand me now
  • #589,479
  • Jan 29, 2012 4:53am Jan 29, 2012 4:53am
Quoting Trendica
It is simple friend.... I withdraw ALL the money as I don't wana risk again the profit while I am trading, plus my strategy work best with just as law as 2 - 4k.

You might ask now..... "But why you will even withdraw the principle and open a NEW account to trade in?" It is simple...

So I gain again the bonus that my broker will give me for trading (up to 50% bonus I gain everytime, my style of trading makes me gain ALL the 50%, as I trade 10 million USD in volume )

I think you understand me now
who is your broker ?

is that broker allow withdraw bonus amount too ?

in your statement you opened more than 2 trades in same time, are you using EA ?
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  • #589,480
  • Jan 29, 2012 5:08am Jan 29, 2012 5:08am
  •  orzels
  • | Joined Nov 2011 | Status: Buy at resistance, Sell at support™ | 309 Posts
Quoting ibpo
who is your broker ?

is that broker allow withdraw bonus amount too ?

in your statement you opened more than 2 trades in same time, are you using EA ?
It not possible to withdraw a bonus, even with scamers.
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Jewel1996