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  • #603,241
  • Mar 3, 2012 11:55am Mar 3, 2012 11:55am
Quoting gametheory
Leave your deposit. Use their bonus. Find and make ONE or TWO strategic trades ( longer term view) with wider stops. You will make tons of money if even one of the trades work out. Then you beat them to it. If the require minimum number of trades..then just open and close trades immediately for them to earn a few spreads. Follow this advise youll win. I have someone that got bonus of £200 on opening account and he made more than 5k from it. At a stage he took £3.5k to buy a car.
Brokers believe 98% will loose. They are correct. But some 2% beat...
Hello everyone this is my new profile, but iv been around since 2008 here as part time trader : ) thats an amazing statistic 98% loose even hard to beileve. most people get too excited when they join forex and forget the house always always wins. their down fall is mostly from overtrading even the very best system will fail from overtrading by this I mean too small stoploss and takeprofits and too frequently.
  • #603,242
  • Mar 3, 2012 1:05pm Mar 3, 2012 1:05pm
1.31570 SL adjusted!!
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Daytrader
  • #603,243
  • Mar 3, 2012 1:21pm Mar 3, 2012 1:21pm
What u think about that? EUR/USD – During Asian session EUR/USD was supported by EUR/JPY what was supported by reports that Japan beverage maker Asahi was the frontrunner in the bid for east European beer brewer StarBev overnight. And Japanese CPI continued to show deflationary pressures, household spending was much worse than expected but the jobs-applicants ratio at its highest since November ’08. Later in the session support for headline pair evaporated. Asian sovereign tried to support EUR/USD below 1.3300 handle but the pressure was too much and we moved down. We managed to stabilize under 1.3200. Bears are targeting 1.3000. http://twitpic.com/8rkohj
  • #603,244
  • Mar 3, 2012 2:26pm Mar 3, 2012 2:26pm
some new indis at the G yard enjoy
  • #603,245
  • Mar 3, 2012 3:36pm Mar 3, 2012 3:36pm
Quoting mahimahi

..in that ballpark too
did you try catching a falling sword!
  • #603,246
  • Mar 3, 2012 5:12pm Mar 3, 2012 5:12pm
Quoting mahimahi
1.31570 SL adjusted!!
That channel in your chart, sorry but it doesn't make much sense to me.
Attached Image (click to enlarge)
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New voice message: Why are you calling me? If I need you, I'll call you!
  • #603,247
  • Mar 3, 2012 5:24pm Mar 3, 2012 5:24pm
Quoting KillerWhale
Possible plan for next week:

1. Take my gains on shorts after Oanda spread is back to normal (currently 99, 46, 41 and another 41 pips (@ 10 pip spread)
2. Go long until 1.3280 - 1.3320 area.
3. Go short at that level to 1.3140 or maybe all the way to 1.3025. Sl maybe 1.3335

If market conditions allow.

But if we open with a GAP down, we might visit 1.3140 first.

Most stupid thing I did last week: I had a sizable short @ 1.3477 after the second top.
AND I CLOSED IT FOR JUST A FEW PIPS

Bro is nothing stupid about banking green pips, what was rr, if rr achieved, is even better trade, always another opportunity around the corner.

March trading Plan was posted Mid Feb "Defend March Open"

Your plan for Monday look ok, nice levels, our levels pretty close within 10 pip, we have short term and long term plans, of course they completely different, long term we remain defending March Open most ladies already below, we happy, only one above is Geppy she already bounced from it.

Our short term plan is whilst below March Open we be selling rallies, Geppy we watching very carefully, we have scalp entries her, and Monday Open will help decide if we have medium term top or she wipe our shorts.

All Ladies at support Friday Close, we expect and prefer they Gap Up possibly quite strong, is normal support reaction, we will be looking for weakness to continue overall short plan, if we have a gap down, we already in and will wait retest of Mondays open and defend.

This include contrarian Swissy, same plan only in reverse.

Geppy and Cable, we accept is not wise to try pick tops, however as posted was plan to build position with multiple scalp entries, minimizing risk each entry, we have traded our plan, position built, now we have be patient and wait,

Happy Pip Hunting
If you are new to Forex? Say Goodbye to your account!!
  • #603,248
  • Edited 6:07pm Mar 3, 2012 5:57pm | Edited 6:07pm
got board today and manufactured some lines...lol
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  • #603,249
  • Mar 3, 2012 6:25pm Mar 3, 2012 6:25pm
Quoting KillerWhale
Closing the GAP from 2 weeks ago

1.314x is also rising channel support
Hey Seems like you are with Oanda.

Can you suggest on below:


Hi
I learned trading reading online sources, forums webinars, babypips,dailyfx etc
I am Oanda from 2 years approx.
I started with 1000$, I blow, I added 10K, I made losses margin calls.
Added another 20k to save my position.
I lost almost 20k out of 30K.

I opened very large position USD/JPY to my luck 23k in a day of intervention.

It's hard way, I learned trading, Now I am making consisent profit with good st op loss and less leverage.
Some high leverage trades like EUR/CHF is still there

Now my account is 53k with -9400 as unreliazesd loss as this position has given me 4000 interest last year and now give me 16-17$ per day so I don't want to close in loss and may add later to average and close.

My question: My account is grown so much, I am getting afraid like oanda may close and run away with money

I don't have any complain about fxtrade platform as I am using it and quite happy with it.

Only is like MF global, if they run with money

Anyone have big account with oanda. Do you think I should stay with them or move. Oanda suits my trading style and I trade for 10 pips daily i.e. 100$ on any pair so big account help me to easily make it.


Any suggestions from seniors welcome.

Thanks
  • #603,250
  • Mar 3, 2012 6:36pm Mar 3, 2012 6:36pm
Quoting KillerWhale
That channel in your chart, sorry but it doesn't make much sense to me.
..same here! can't understand all that stuff on your charts. however i'm trying to make heads & tails of it...Just too many lines in there!sorry!
Daytrader
  • #603,251
  • Mar 3, 2012 6:38pm Mar 3, 2012 6:38pm


..for tomorrow's price action
Daytrader
  • #603,252
  • Mar 3, 2012 6:41pm Mar 3, 2012 6:41pm
Quoting coolkaps4u
Hey Seems like you are with Oanda.

Can you suggest on below:


Hi
I learned trading reading online sources, forums webinars, babypips,dailyfx etc
I am Oanda from 2 years approx.
I started with 1000$, I blow, I added 10K, I made losses margin calls.
Added another 20k to save my position.
I lost almost 20k out of 30K.

I opened very large position USD/JPY to my luck 23k in a day of intervention.

It's hard way, I learned trading, Now I am making consisent profit with good st op loss and less leverage.
Some high leverage trades like EUR/CHF is still...
get your money out and run away with what you have before you lose it all... seems like you are learning with real money, that's not the right way to do it
When life gives you lemons, make lemonade
  • #603,253
  • Mar 3, 2012 6:43pm Mar 3, 2012 6:43pm
Looking to long at 3145-75.. fib levels converge nicely
Attached Image (click to enlarge)
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  • #603,254
  • Mar 3, 2012 6:51pm Mar 3, 2012 6:51pm
Quoting micho
get your money out and run away with what you have before you lose it all... seems like you are learning with real money, that's not the right way to do it
U always learn better with real money in a real environment. He may have gotten lucky with the 23k call but luck plays a part aswell. He was playing the invervention like he's doing with EC, one more lucky call and hes at $100k... maybe you're the one who should be getting advice instead of giving it.

He's getting paid about 3 to 4k interest/per annum on a open position of -9k that has already netted him 4k so thats -5k open on some longs... and I can tell you that if he's long the market hes going to be a very happy man in the near future because he is holding until his positions are green.

I think he knows what he is doing now because he has learned WITH REAL money and not demo.

Alot of ppl get stuck in demo mode and forget that you have to put food on the table at the end of the day.


Try to focus on his question which is about the broker... and he doesn't want a MF Global incident happening to him. What he can try to do is set up a segregated account which is guaranteed in case of default because the funds are held outside of the broker. If Oanda doesn't support that he can move over to IB or someone even better which offers a little bit more market access at the same type of leverage. There he can diversify his long portfolio since it seems like he is trying to grow long term carry positions. As the account grows he can diversify some more or add to current instruments. However not sure if IB pays interest on balance like Oanda, only a few do that.
  • #603,255
  • Mar 3, 2012 7:00pm Mar 3, 2012 7:00pm
Thanks Guys for replying

I am now in trading from 1.5 years almost with Oanda and recoverd money and my net profit is 22k and unrealized loss is 9.5k approx

I am now trying to be consistent and not trading high leverage except Eur/CHF which I can bear loss if it break floor as stop loss is just there.

My only question is should I go with big banks like citi/bofa. I am in USA or will stay with 50+k account with oanda
  • #603,256
  • Mar 3, 2012 7:03pm Mar 3, 2012 7:03pm
Quoting micho
get your money out and run away with what you have before you lose it all... seems like you are learning with real money, that's not the right way to do it
...yes! protect your principal amount.
and use leverage wisely!
Daytrader
  • #603,257
  • Mar 3, 2012 7:13pm Mar 3, 2012 7:13pm
Quoting coolkaps4u
Thanks Guys for replying

I am now in trading from 1.5 years almost with Oanda and recoverd money and my net profit is 22k and unrealized loss is 9.5k approx

I am now trying to be consistent and not trading high leverage except Eur/CHF which I can bear loss if it break floor as stop loss is just there.

My only question is should I go with big banks like citi/bofa. I am in USA or will stay with 50+k account with oanda
Something like MF Global is a risk we all face everyday, no matter the broker. Citi and BofA are worse off in my opinion.
  • #603,258
  • Mar 3, 2012 7:17pm Mar 3, 2012 7:17pm
Quoting coolkaps4u
Thanks Guys for replying

I am now in trading from 1.5 years almost with Oanda and recoverd money and my net profit is 22k and unrealized loss is 9.5k approx

I am now trying to be consistent and not trading high leverage except Eur/CHF which I can bear loss if it break floor as stop loss is just there.

My only question is should I go with big banks like citi/bofa. I am in USA or will stay with 50+k account with oanda

oanda still has those ridiculous spikes/spreads i hear?
Daytrader
  • #603,259
  • Mar 3, 2012 7:25pm Mar 3, 2012 7:25pm
Quoting coolkaps4u

Only is like MF global, if they run with money

Anyone have big account with oanda. Do you think I should stay with them or move. Oanda suits my trading style and I trade for 10 pips daily i.e. 100$ on any pair so big account help me to easily make it.


Any suggestions from seniors welcome.

Thanks
every one have this problem, you have to balance your requirement and risk . some choose to split capital cross multiple brokers , some reduce balance close to margin requirement + 2or 3 SL value.

MF global incident clearly shows segregated account does not mean our money is protected
Mohan
  • #603,260
  • Mar 3, 2012 7:40pm Mar 3, 2012 7:40pm
Quoting mahimahi
oanda still has those ridiculous spikes/spreads i hear?
After learning trying everything what everyone says specially dailyfx guys. No one is right or wrong.
I learned hard way But lucky to have account and still in profit

Now, I invented my own style with less leverage and is working.
Big Account give me confidence to make consistent 10 pips/100$ a day on any pair. One lot 100k. I am doing it consistently for 3 months now.

I agree oanda has spikes/wider spreads But it gives me opportunity to enter close trade on weekdays

One example, no sentiment in trading, any big news come on weekend
Bad: Israel attacked Iran, everyone knows market tank USD UP. You can enter trade with 10 pips spread on oanda 50 pips guranteed on this big news
More bad: Sep 11 type--. no one wants this but it still a news in trading

Good: Osama died on weekends's, greece resolution
You will make profit if you enter trade on weekends thats with oanda

Also, I am making now consistent profit so don't want t change platform or broker

Only MFGlobal thing, I like idea of splitting with 2 brokers
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