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  • #40,241
  • Feb 9, 2012 11:31pm Feb 9, 2012 11:31pm
  •  Cosi
  • | Joined Jun 2011 | Status: Little girl on the way! Due April!! | 36 Posts
Quoting FX Tsunami
I have assumed it is overbought @ every pull back and everytime, it has hit my stoploss.

or
Every time I exit a winning trade and think there is no way it can go much more I come back to see it went another 100 pips. I had taken a long on Euro at 1.265ish and closed at 1.3194 thinking thats enough it has to come back a bunch and look at what happened... dam thing climbs another 100+ pips on the news. If the automated trades start trigering shorts im screwed. I'll be happy to get out even or close to it...
  • #40,242
  • Feb 9, 2012 11:39pm Feb 9, 2012 11:39pm
I was long EUR / AUD and closed for +23 pips,
then i turned to short.
now is -54 pips.. OMFG ..
when the AUD going to stronger back ??
  • #40,243
  • Feb 9, 2012 11:40pm Feb 9, 2012 11:40pm
Quoting Cosi;
Every time I exit a winning trade and think there is no way it can go much more I come back to see it went another 100 pips. I had taken a long on Euro at 1.265ish and closed at 1.3194 thinking thats enough it has to come back a bunch and look at what happened... dam thing climbs another 100+ pips on the news. If the automated trades start trigering shorts im screwed. I'll be happy to get out even or close to it...
maybe next time put sl @ will be nice, and let the market decide..
  • #40,244
  • Feb 9, 2012 11:49pm Feb 9, 2012 11:49pm
here is what i think
maybe start of wave4 in yellow wave3
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  • #40,245
  • Feb 9, 2012 11:54pm Feb 9, 2012 11:54pm
  •  Cosi
  • | Joined Jun 2011 | Status: Little girl on the way! Due April!! | 36 Posts
Quoting aqeelaputra
maybe next time put sl @ will be nice, and let the market decide..
The Euro trade was a winner I just got out too early. This trade I had entered at 7374 when it went up a bit I moved S/L to +1pip. That S/l got hit, thing hovered arround the 740ish area for a bit and at 734 I entered again, didn't have time to set a S/L at even +1pip when it drops 15 pips the second after I hit the buy botton. So I'm down only 30 pips or so but at $3500 per pip this is starting to piss me off... If i loose 5% of what I brought in this week on this crappy move I'm cutting it loose.
  • #40,246
  • Feb 9, 2012 11:56pm Feb 9, 2012 11:56pm
Quoting Cosi
Every time I exit a winning trade and think there is no way it can go much more I come back to see it went another 100 pips. I had taken a long on Euro at 1.265ish and closed at 1.3194 thinking thats enough it has to come back a bunch and look at what happened... dam thing climbs another 100+ pips on the news. If the automated trades start trigering shorts im screwed. I'll be happy to get out even or close to it...
it has even happened to me. the problem lies in patience i believe. need to develop more of it .

ADD: Hey buddy, i see the you are an experienced trader. So you should have more patience to ride more on the swing.
  • #40,247
  • Feb 10, 2012 12:01am Feb 10, 2012 12:01am
Quoting Cosi
The Euro trade was a winner I just got out too early. This trade I had entered at 7374 when it went up a bit I moved S/L to +1pip. That S/l got hit, thing hovered arround the 740ish area for a bit and at 734 I entered again, didn't have time to set a S/L at even +1pip when it drops 15 pips the second after I hit the buy botton. So I'm down only 30 pips or so but at $3500 per pip this is starting to piss me off... If i loose 5% of what I brought in this week on this crappy move I'm cutting it loose.
$3500 a pip
Don't get mad, get even!
  • #40,248
  • Feb 10, 2012 12:21am Feb 10, 2012 12:21am
  •  Cosi
  • | Joined Jun 2011 | Status: Little girl on the way! Due April!! | 36 Posts
Quoting stulic
$3500 a pip
Correction 50% not 5%.... I have been trading a long time. Started at a firm here in NY at 19 trading stocks, well at first just cold calling, you know the deal, moved up over the years, worked my way to the pit but got fed up with the rutine even though the $ was very good... I learned alot over there and apply it to this... Compound your profits and its easy to trade even more. I never got it how from reading this forum people trade such small amounts relative to what they can afford and expect to make an income. About 6 years ago I paced 10k in account with forex.com... don't use them any longer, 3 days later some guy calls me to tell me I'm beign to risky in my trades... I was up over 6k in 3 days... I either go heavy or stay out, I'll marging 75 to 80% of my accounts on any one trade if I plan to scalp (such as what I was intending to do here but so far I'm screwed) longer trades I do much less to cover swings but I prefer to do 30 or so trades per day than one longer time trade. I come here to read the news and see what most traders plan on doing but hardly ever get involved in discussions... Some traders here are very good in their projections and I believe they must be trading with much more than I trade with.
  • #40,249
  • Feb 10, 2012 12:34am Feb 10, 2012 12:34am
Quoting Cosi;
The Euro trade was a winner I just got out too early. This trade I had entered at 7374 when it went up a bit I moved S/L to +1pip. That S/l got hit, thing hovered arround the 740ish area for a bit and at 734 I entered again, didn't have time to set a S/L at even +1pip when it drops 15 pips the second after I hit the buy botton. So I'm down only 30 pips or so but at $3500 per pip this is starting to piss me off... If i loose 5% of what I brought in this week on this crappy move I'm cutting it loose.
you should rest and do not force .. there's always another day to trade .. always control your emotions and calm is the key in this game..
  • #40,250
  • Feb 10, 2012 12:37am Feb 10, 2012 12:37am
Maybe London trader will buy this aussie around 1.068 today..(161.8% from yesterday high)..
  • #40,251
  • Feb 10, 2012 12:41am Feb 10, 2012 12:41am
Long this target 1.08 again. aud is too bull during london.
  • #40,252
  • Feb 10, 2012 12:52am Feb 10, 2012 12:52am
Quoting Cosi
The Euro trade was a winner I just got out too early. This trade I had entered at 7374 when it went up a bit I moved S/L to +1pip. That S/l got hit, thing hovered arround the 740ish area for a bit and at 734 I entered again, didn't have time to set a S/L at even +1pip when it drops 15 pips the second after I hit the buy botton. So I'm down only 30 pips or so but at $3500 per pip this is starting to piss me off... If i loose 5% of what I brought in this week on this crappy move I'm cutting it loose.
thats 350 lots u must move price a few pips what broker do u use? do u notice when u enter?
  • #40,253
  • Feb 10, 2012 1:11am Feb 10, 2012 1:11am
  •  Cosi
  • | Joined Jun 2011 | Status: Little girl on the way! Due April!! | 36 Posts
Quoting sidhujag
thats 350 lots u must move price a few pips what broker do u use? do u notice when u enter?
I use Onanda. I like that I'm not limited to pre determined lots, I can buy or sell from 100 (1 cent per pip) to 99,999,999 (10K per pip) and enything in between ( I'm not at the 10k per pip trades) depending on pair I can go maybe 8k on something like NZD/USD 7k or so on AUD/USD. I have a NZD/USD short going since tuesday at 8390 so all I could afford to buy right now on AUD is arround 2k more per pip but that would be cutting it too close for comfort because if NZD goes up and AUD down I could get margined out if I bought more AUD. I don't normally see any spikes (up or down) when I enter a trade. Keep in mind onanda holds Billions so I'm just a drop in the bucket to them. Spreads are terrible with Onanda durring news events but otherwise I'm very happy with them.
  • #40,254
  • Feb 10, 2012 1:56am Feb 10, 2012 1:56am
Quoting andri66
Maybe London trader will buy this aussie around 1.068 today..(161.8% from yesterday high)..
show time
  • #40,255
  • Feb 10, 2012 1:59am Feb 10, 2012 1:59am
Quoting Cosi
I use Onanda. I like that I'm not limited to pre determined lots, I can buy or sell from 100 (1 cent per pip) to 99,999,999 (10K per pip) and enything in between ( I'm not at the 10k per pip trades) depending on pair I can go maybe 8k on something like NZD/USD 7k or so on AUD/USD. I have a NZD/USD short going since tuesday at 8390 so all I could afford to buy right now on AUD is arround 2k more per pip but that would be cutting it too close for comfort because if NZD goes up and AUD down I could get margined out if I bought more AUD. I don't normally...
Come on mate, you can't even spell Oanda properly or show any signs of having a profitable strategy of some sort, but want us to believe you're trading 350 lots per trade? By manually entering a trade? Scalping while risking 80% of your account?
I call bullshit.
Don't get mad, get even!
  • #40,256
  • Feb 10, 2012 2:13am Feb 10, 2012 2:13am
closed short....wait on the sidelines to see what happens next.
I agree with stulic.

total bs. good luck mate.
  • #40,257
  • Feb 10, 2012 2:19am Feb 10, 2012 2:19am
Hi all seniors... as a new member and saw lots of contributions... really benefitting to me.... need advise... 2 days ago went to long AUD2m at 1.0833 and thought of averaging and did another AUD2m at 1.0690... is that a right method of averaging or should I solely put a stop-loss method as prefer? thanks.
  • #40,258
  • Feb 10, 2012 2:51am Feb 10, 2012 2:51am
Weak data from China and bearish technical picture. I am waiting to add to my short position.
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  • #40,259
  • Feb 10, 2012 2:57am Feb 10, 2012 2:57am
Bearish MACD crossover on the daily. If it holds over at the close, I'm shorting.
  • #40,260
  • Feb 10, 2012 3:17am Feb 10, 2012 3:17am
  •  Cosi
  • | Joined Jun 2011 | Status: Little girl on the way! Due April!! | 36 Posts
Quoting stulic
Come on mate, you can't even spell Oanda properly or show any signs of having a profitable strategy of some sort, but want us to believe you're trading 350 lots per trade? By manually entering a trade? Scalping while risking 80% of your account?
I call bullshit.
Call it whatever you want. I pay my bills and without leaving the house. Have no debt and no financial worries. I had a friend that one day told me I should get a real job because you can't make $ doing this, one day he stopped by my house while my wife was out of the country to have a few beers and talk about the old times. I went to use the bathroom and he decided to take a look at my computer since he did not think one tower could run so many monitors (I was in a trade at the moment) he glanced at my account balance (seen him as I was returning) and began acting differently from that moment on and now I barely see him twice a year. Another friend that used to go camping with us frequently stopped going when I invited him and his wife camping and they saw the brand new 43 foot Class A motorhome I had purchased. One of my sisters spent her days telling people I must be involved with some funny business because how could he afford to buy that house cash! (Have not talked to her in 4 years) My father always told me “if you want to piss off your friends & family and have them leave you… win the lottery” This job has been the equivalent of that to me. I understand your doubts since I have seen firsthand how people react to this. I have strategy that works very well 90% of the time. Yeah I lose $ just like everyone else and sometimes I end up asking myself how I could be so stupid (this trade is one of those times) Would it make you happy if I was trading demo or at 10 cents per pip? Does it somehow interfere with your work if I trade a higher amount? I’m not selling a book on trading nor am I asking anyone to invest on me so It has no impact on anyone if I earn zero or thousands in one trade.. As far as the Oanda spelling you are correct I got it wrong, must be that Onanda sounds better to me and that is how I remember it or that I have not slept in 3 days (yes it takes very long hours to make it in this business). Either way you are correct it’s Oanda. Forgive me but English is not my first language and I make plenty of errors. I hardly ever post here because honestly I just don’t have the time to write a million posts; today is different and I’m bored. The TV has nothing but infomercials on or shows that I have already seen, the wife is sleeping and my dog is snoring away on the couch. It’s past 4 in the morning in NY and there is not much to do to pass the time. I suspect that a few on here trade very high amounts, much higher than me. Why would you think this is not possible to do it’s a 4 trillion per day business. Regardless it does not hurt you if I do or if I don’t. Consider this… If you want shade would you stand besides a tree full of leafs or next to a dried up stick? Most strategies posted on here are more gambling than anything else. If this business was as easy as drawing a few lines on the screen and doing fibo retracements or trading based on the candlestick patterns many more would be profitable. It’s a tough way to make money and the ones that figure it out a little more than the others don’t just post how to do it for all to see but once in a while we do share some interesting things. All in all you have a good trading day and profit lots of pips.
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