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EURUSD

  • #615,081
  • Mar 25, 2012 9:57pm Mar 25, 2012 9:57pm
sup?
  • #615,082
  • Mar 25, 2012 10:03pm Mar 25, 2012 10:03pm
Not much going on here yet, I'm craving for some action
New voice message: Why are you calling me? If I need you, I'll call you!
  • #615,083
  • Mar 25, 2012 10:03pm Mar 25, 2012 10:03pm
back....
There is no substitute of hard work and experience. $ € £ ¥
  • #615,084
  • Mar 25, 2012 10:10pm Mar 25, 2012 10:10pm
Hey guys, this is my first post! I've been a lurker on here for a few weeks and decided to join. I'm 23 started a $200 dollar micro account with mbtrading, since this was the most i could afford.

I've been demo trading a few months and have always been reading about forex since I was about 18. So far my $200 account is down to $105 hahha.
I just need to learn to follow the trend and to find out when a trend starts.

Since this is the only currency pair I trade you guys will be seeing me a lot.
Want the lifestyle of the top traders in the world? TAKE RISK.
  • #615,085
  • Mar 25, 2012 10:13pm Mar 25, 2012 10:13pm
Quoting KillerWhale
Not much going on here yet, I'm craving for some action
The calm before the storm.
Time turns trend. - W.D. Gann
  • #615,086
  • Mar 25, 2012 10:20pm Mar 25, 2012 10:20pm
<.<
  • #615,087
  • Mar 25, 2012 10:22pm Mar 25, 2012 10:22pm
10 09 08 07 06 05 04 03 02 01 00

shoooting upppppp.....

http://my.jetscreenshot.com/10477/20120326-xmcd-35kb

http://hess11c.files.wordpress.com/2...a-9-launch.jpg
There is no substitute of hard work and experience. $ € £ ¥
  • #615,088
  • Mar 25, 2012 10:25pm Mar 25, 2012 10:25pm
Quoting KillerWhale
Not much going on here yet, I'm craving for some action
hey bro

I have built a nice position kiwi and aussie 2 scalp fills eu, 1 swissy, nothing major, only last fill kiwi with risk, now is waiting time for me.


All ladies except geppy below this weeks open, if she hold I be ok, if not have to do all over again all testing right now, eu only one to pop thru a little, waiting waiting
If you are new to Forex? Say Goodbye to your account!!
  • #615,089
  • Mar 25, 2012 10:29pm Mar 25, 2012 10:29pm
Quoting KiwiTrada
hey bro

I have built a nice position kiwi and aussie 2 scalp fills eu, 1 swissy, nothing major, only last fill kiwi with risk, now is waiting time for me.


All ladies except geppy below this weeks open, if she hold I be ok, if not have to do all over again all testing right now, eu only one to pop thru a little, waiting waiting
What do you think of AUD/NZD long? And no vacation anymore?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #615,090
  • Mar 25, 2012 10:44pm Mar 25, 2012 10:44pm
Quoting KillerWhale
What do you think of AUD/NZD long? And no vacation anymore?
If you could see where I sitting right now, is beautiful little beach called Ohope absolute paradise, and yes everyone is give me the "stare" as you know forex is drug and yes I a addict
If you are new to Forex? Say Goodbye to your account!!
  • #615,091
  • Mar 25, 2012 10:46pm Mar 25, 2012 10:46pm
Quoting ForExtraPips
sell limit @ 1.3336
tp @ 1.3187
same idea sell from 1.3336 but ihavent figured the tp yet. sl 1.3346 my target is certainly above 3200
Gambling with PA
  • #615,092
  • Mar 25, 2012 10:50pm Mar 25, 2012 10:50pm
Quoting KiwiTrada
risk 15 for 10 reward is bad rr, but goodluck

suggest increase tp to 15 pip or even 30 pip
not necessarily .. I can put in trades with 10 pip stops targeting 1000 pips all day long, but it does not mean much. When you put in a smaller tp, you have to consider the probability of hitting a target. now lets put it this way. lets say we are at 3.30 and probability of going to 3.0 is 80% and probability of going to 4 is 20% .. when you consider that, he is getting a deal . to complete this, he could consider 4 as his point where the trade is invalidated and the sell at 3.3 is valid, as the expected value is 3.2. you dont make money by not trading, and the sell at 3.3 would be completely valid as the fair value is 3.2, where he could scale out for the potential target of 3.

you have to consider the technique behind the trading strategy, before you can even incorporate risk/reward strategy. does not matter if you risk one big trade or hundreds of small ones.

edit: one great example is a dustbin trader here on ff. he continuously risks 20 pips for 12 pip tp. He is one of the most successful traders here. His strategy and constant hits is what makes him successful. by having your tp closer and sl further, you change up the percentages dramatically.
  • #615,093
  • Mar 25, 2012 11:01pm Mar 25, 2012 11:01pm
Yes...
it is easier to entry than exit....
  • #615,094
  • Mar 25, 2012 11:09pm Mar 25, 2012 11:09pm
another leg down in progress? hmm...
  • #615,095
  • Mar 25, 2012 11:10pm Mar 25, 2012 11:10pm
Quoting KiwiTrada
If you could see where I sitting right now, is beautiful little beach called Ohope absolute paradise, and yes everyone is give me the "stare" as you know forex is drug and yes I a addict
New voice message: Why are you calling me? If I need you, I'll call you!
  • #615,096
  • Mar 25, 2012 11:10pm Mar 25, 2012 11:10pm
How are guys , did anyone figure out where we going , looking for quick 10 pip trade before i go back to hospital
Mohan
  • #615,097
  • Mar 25, 2012 11:38pm Mar 25, 2012 11:38pm
Quoting mohan76
How are guys , did anyone figure out where we going , looking for quick 10 pip trade before i go back to hospital
Everything okay? Lol Maybe you should take a break from FX?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #615,098
  • Mar 25, 2012 11:38pm Mar 25, 2012 11:38pm
Quoting darimik
not necessarily .. I can put in trades with 10 pip stops targeting 1000 pips all day long, but it does not mean much. When you put in a smaller tp, you have to consider the probability of hitting a target. now lets put it this way. lets say we are at 3.30 and probability of going to 3.0 is 80% and probability of going to 4 is 20% .. when you consider that, he is getting a deal . to complete this, he could consider 4 as his point where the trade is invalidated and the sell at 3.3 is valid, as the expected value is 3.2. you dont make money by not...

Point perfectly expressed, thank you.
All posts are my personal opinion
  • #615,099
  • Mar 25, 2012 11:40pm Mar 25, 2012 11:40pm
Quoting gurangax
same idea sell from 1.3336 but ihavent figured the tp yet. sl 1.3346 my target is certainly above 3200
Maybe 1.3242 for your tp. Right at the Daily Pivot. GL
Time turns trend. - W.D. Gann
  • #615,100
  • Mar 25, 2012 11:47pm Mar 25, 2012 11:47pm
Quoting ForExtraPips
Maybe 1.3242 for your tp. Right at the Daily Pivot. GL
thanks pivot is aproching currently i think i might go for 1.3296 for 40 pips instead. btw .3292 might be next support
Gambling with PA
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