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  • #618,681
  • Mar 31, 2012 9:33am Mar 31, 2012 9:33am
Quoting KillerWhale
Oh One more thing Micho,

When did you vouch for people? Who did you vouch for? Why doesn't it show in your profile? Are you just lying to me?

Wow many questions and I bet you won't give any answer at all. Because you can't, because you're lying.

You stated that you don't trust people at all.
Well I do, I trust certain people in this forum (just a few), but I certainly don't trust you!!!!
because i undoed my vouches, i dont want to vouch and i dont need anybody's vouches... thats simple... i trust no one
When life gives you lemons, make lemonade
  • #618,682
  • Edited 10:01am Mar 31, 2012 9:35am | Edited 10:01am
Quoting KillerWhale
Yes you are right Tsar but it makes sense to use recent price movements to use for drawing Fibs.
Like at this moment Fib from 1.3251 - 1.3378 makes sense but anything older does not make sense for short term trading. (day trading).

Of course for swing traders there are other points to consider for the longer term.
It all depends on your trading style, attitude, risk tolerance and much more. Not easy to define for 1 person or 1 time frame.
I know it, wear it with a setting like this Fibo for knowing the Price movements in BIG picture.
And makes a consideration in my trading. For you know, I'm Scalper and Short Term Trader...
Always looking the GREAT, never left GOOD Point...
  • #618,683
  • Mar 31, 2012 9:35am Mar 31, 2012 9:35am
Quoting micho
because i undoed my vouches, i dont want to vouch and i dont need anybody's vouches... thats simple... i trust no one
Only you love to have them.

I REST MY CASE
New voice message: Why are you calling me? If I need you, I'll call you!
  • #618,684
  • Mar 31, 2012 9:38am Mar 31, 2012 9:38am
Quoting micho
because i undoed my vouches, i dont want to vouch and i dont need anybody's vouches... thats simple... i trust no one
a year ago,when i failed in love, i didn't trust one too,but now,i think that : Living without suspect
Think Different
  • #618,685
  • Mar 31, 2012 9:38am Mar 31, 2012 9:38am
Quoting KillerWhale
Only you love to have them.

I REST MY CASE
Sorry, one question left:
Who did you vouch for and then took away the vouch?
Lol, don't say you can't remember, that's really too easy. No jury would eat that!
I'm sure the members who were confronted still remember.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #618,686
  • Mar 31, 2012 9:39am Mar 31, 2012 9:39am
Quoting KillerWhale
Only you love to have them.

I REST MY CASE
i dont understand why are you complicating it that much, i dont like them and i dont want them....
When life gives you lemons, make lemonade
  • #618,687
  • Mar 31, 2012 9:54am Mar 31, 2012 9:54am
Quoting shhhhh
You can also use 2 fibs from previous lows for overlapping levels which are much stronger levels. Your fib is out of balance as the 78.6 level is missing.
Maybe you're right.
But don't forget... Fibo is always going to change if the Price exceeds Fibo Calculations.
I've not met the Level of 78.6%
Always looking the GREAT, never left GOOD Point...
  • #618,688
  • Mar 31, 2012 10:02am Mar 31, 2012 10:02am
Quoting micho
well if you know what you're doing you will not go there
i leave around 1000 pips as backup in case price retraced and i generally play trends below 500 pips so the odds are ok
Shoot, this just hit me

How in the world can you trade with leverage 1:500 and leave a backup around a 1000 pips before you get stopped or margin called?

Please I would love to hear some reactions from the very best and most experienced traders here.

If I can find the right answer to this I will be a Billionaire in 1 month and a Trillionaire within a year.
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  • #618,689
  • Mar 31, 2012 10:09am Mar 31, 2012 10:09am
Quoting micho
i am not lying, i dont understand why do you think i am lying over a silly subject??
I'll make a summary tomorrow if you want. I'm too tired now.
I know that you know and everyone who followed it knows exactly whats going on except for you because you don't want to accept it.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #618,690
  • Mar 31, 2012 10:11am Mar 31, 2012 10:11am
Quoting KillerWhale
I'll make a summary tomorrow if you want. I'm too tired now.
I know that you know and everyone who followed it knows exactly whats going on except for you because you don't want to accept it.
Make sure to hit up some of the blu.
  • #618,691
  • Mar 31, 2012 10:15am Mar 31, 2012 10:15am
Quoting pkimnyc
Make sure to hit up some of the blu.
WWWWAAAHAHAAAHHHAAAAAAA

Combined with something illegal?
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  • #618,692
  • Mar 31, 2012 10:19am Mar 31, 2012 10:19am
Quoting pkimnyc
Make sure to hit up some of the blu.
For you only PK:
Just trying the chargeables (Apple flavor) it really does the trick combined with Vodka enhanced orange juice with ice cubes.[/b]
New voice message: Why are you calling me? If I need you, I'll call you!
  • #618,693
  • Mar 31, 2012 10:23am Mar 31, 2012 10:23am
i think you are high now because you are not making sense

1000 pips as backup simply for each 1100$ in your account with 1:500 leverage you are allowed to open a 0.1 lot position at maximum. which will leave 1080 pips as free margin. sometimes you sound silly, not sure if you are on weed now or something else. hopefully you will stop the vouch system silly discussion because I AM NOT LYING and have no point to lie
When life gives you lemons, make lemonade
  • #618,694
  • Mar 31, 2012 10:34am Mar 31, 2012 10:34am
Quoting micho
i think you are high now because you are not making sense

1000 pips as backup simply for each 1100$ in your account with 1:500 leverage you are allowed to open a 0.1 lot position at maximum. which will leave 1080 pips as free margin. sometimes you sound silly, not sure if you are on weed now or something else. hopefully you will stop the vouch system silly discussion because I AM NOT LYING and have no point to lie
Trading with 500:1 leverage means for every .1 lot position you open, you only have 20 Euros (or ~$26.70) in your account.

If you have $1100 for every .1 lot position (10,000 Euro's), you are using ~12:1 leverage:
$1100/1.335=824 Euros
10000/824=12.136

Just because you have a 500:1 leverage limit, it does not mean you are trading using 500:1 limits. You are both saying the same thing (KillerWhale is technically correct).

Anyways, I think that it would be best for me to stay out of this debate.
  • #618,695
  • Mar 31, 2012 10:37am Mar 31, 2012 10:37am
Quoting micho
i think you are high now because you are not making sense

1000 pips as backup simply for each 1100$ in your account with 1:500 leverage you are allowed to open a 0.1 lot position at maximum. which will leave 1080 pips as free margin. sometimes you sound silly, not sure if you are on weed now or something else. hopefully you will stop the vouch system silly discussion because I AM NOT LYING and have no point to lie
Good night Micho, no hard feelings. I have just expressed my opinion.
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  • #618,696
  • Mar 31, 2012 10:52am Mar 31, 2012 10:52am
Quoting Kowalczyk

Anyways, I think that it would be best for me to stay out of this debate.
Debate is over my friend .....................................for now
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  • #618,697
  • Mar 31, 2012 11:01am Mar 31, 2012 11:01am
Time for breakfast, 9:00 AM here
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  • #618,698
  • Mar 31, 2012 11:02am Mar 31, 2012 11:02am
Quoting KillerWhale
Time for breakfast, 9:00 AM here
25 hours to go before Oanda opens
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  • #618,699
  • Mar 31, 2012 11:10am Mar 31, 2012 11:10am
Quoting KillerWhale
25 hours to go before Oanda opens
take care buddy. bon appetite.
  • #618,700
  • Mar 31, 2012 11:10am Mar 31, 2012 11:10am
Quoting Kowalczyk
Trading with 500:1 leverage means for every .1 lot position you open, you only have 20 Euros (or ~$26.70) in your account.

If you have $1100 for every .1 lot position (10,000 Euro's), you are using ~12:1 leverage:
$1100/1.335=824 Euros
10000/824=12.136

Just because you have a 500:1 leverage limit, it does not mean you are trading using 500:1 limits. You are both saying the same thing (KillerWhale is technically correct).

Anyways, I think that it would be best for me to stay out of this debate.
Leverage is a facility offered by the broker, to help the trader to trade larger amounts of securities by having a smaller account balance.

Margin is the amount of the money that participates in a position or trade

When you have no open position, balance is the amount of the money you have in your account

Equity is your account balance plus the floating profit/loss of your open positions: Equity = Balance + Floating Profit/Loss

Free margin is the difference of your account equity and the open positions’ margin: Free Margin = Equity - Margin

Margin level is the ratio of equity to margin: Margin Level = (Equity / Margin) x 100

Stop out level: let's say 30%

So let's say my leverage is 1:500
My balance is 1000$
I opened a 0.1 lot trade on EURUSD >> Margin used is 26.66
Free Margin = Equity - Margin = 1000 - 2 (spread) - 26.66 ~ 971
Margin level = 971 * 100 / 26.66 = 3640%

In order for me to get a margin call I would need a 30% margin level which
Free Margin = 100 x / 26.66 = 30 > 100 x = 30 * 26.66 = 780 hence x = 7.8
So in order for me to get a margin call I need the equity to get 7.8$ which means about 990 pips of drawdown.

My margin level is effectively 10% on mt4 and my leverage is 1:500
Got it now?
When life gives you lemons, make lemonade
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