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  • #626,641
  • Apr 16, 2012 5:48pm Apr 16, 2012 5:48pm
Quoting PaulChin
4 closed with 1 still holding.... yah, I've a craving for bear paws dinner tonight!
Think bears are hungry for bull meat
  • #626,642
  • Apr 16, 2012 5:50pm Apr 16, 2012 5:50pm
http://i43.tinypic.com/24q49bn.png
Place your bets!
  • #626,643
  • Apr 16, 2012 5:50pm Apr 16, 2012 5:50pm
Mmmm, now i have a quetion for you Experienced traders,. i have my margin set at eighter 1:100/ 1:400 depending on the trade, but beacuse i have enough account balance i move my stop lose to wherever i wish to ( hoping that the lost won't go far than what i can afford) can this be done in any platform? Tnx in advance
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #626,644
  • Edited 6:06pm Apr 16, 2012 5:51pm | Edited 6:06pm
Quoting Avir
Oh... i know what you mean, Units!! Sorry
@Avir:

Im happy to see you traded your plan and it worked out for you. Congratulations again. PaulChin's trade also worked out as much as his style is not to trade with a SL, we all will do what works for us and what we each can handle in terms of risk tolerance.

Im happy his trade worked out.

Once again traders, knowing how and where to place Stop Losses is always a good thing to learn and practice. One can trade without a SL and in every forex circle you come across, it is advisable to trade with one, however at the end of the day, its your account, its your money (hopefully) and its your decision to either trade with a SL or without a SL.

One conventional Wisdom that has not failed us since it utterance is, "It's Better To Be Safe, Than Sorry"

Congratulations again PaulChin and for the rest of traders that are curious as to wether trading without a stop loss is helpful or not so helpful, Demo trade without a SL and observe what consistent results occur.

Remember being successful at this is about consistency. If every month you are back where you start or worse of a little ahead - OR at the end of the year your account is still at the same place where you started OR you're unable to enjoy the benefits from trading your account - then you are not consistently growing your account.
  • #626,645
  • Apr 16, 2012 5:55pm Apr 16, 2012 5:55pm
Quoting Avir
It was acctually 826 620 in Value and my Margin was 2066£. got you!
@Avir:

You have the right spirit, you are going to grow in this business. When a person has the right attitude, they are most likely to succeed.
  • #626,646
  • Apr 16, 2012 5:55pm Apr 16, 2012 5:55pm
Spain is suppose to sell 12 and 18month bills tomarrow, it might spike up when this happens right? If so will it be enough to turn Eur bullish for awhile? Then end of week IMF might step in to help also. Which makes me rethink my shorts now.
  • #626,647
  • Apr 16, 2012 5:58pm Apr 16, 2012 5:58pm
it's more likely that this move is caused by us-->eu swap line repatriation. the fed is essentially giving dollars or dollar denominated assets to european banks who then need to repatriate, or convert, those assets into Euros, making the eur/usd more expensive temporarily..

it's possible that enough of the market will be fooled to bring us to 1.3180 or 1.32, but I doubt this rally is sustainable. I know you guys are mostly concerned with TA but you can't ignore things like this. Buyer beware.
  • #626,648
  • Apr 16, 2012 6:00pm Apr 16, 2012 6:00pm
Ehhh 5 min chart from yesterday extended till today.
Trading = as easy as it gets
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New voice message: Why are you calling me? If I need you, I'll call you!
  • #626,649
  • Apr 16, 2012 6:00pm Apr 16, 2012 6:00pm
Quoting Patternz
Spain is suppose to sell 12 and 18month bills tomarrow, it might spike up when this happens right? If so will it be enough to turn Eur bullish for awhile? Then end of week IMF might step in to help also. Which makes me rethink my shorts now.
Hi, "Spain is suppose to sell 12 and 18month bills tomarrow, is that a fact? can i see where you saw this please? if it is possible? do you have a link?
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #626,650
  • Apr 16, 2012 6:00pm Apr 16, 2012 6:00pm
sold at 19:07 bt the price keeps fluctuating .What should I do since Im a beginner
  • #626,651
  • Apr 16, 2012 6:02pm Apr 16, 2012 6:02pm
Quoting Avir
Hi, "Spain is suppose to sell 12 and 18month bills tomarrow, is that a fact? can i see where you saw this please? if it is possible? do you have a link?
It's a daily email update i get from Tradeology i forgot where i signed up for it at.
  • #626,652
  • Apr 16, 2012 6:03pm Apr 16, 2012 6:03pm
Quoting Avir
Hi, "Spain is suppose to sell 12 and 18month bills tomarrow, is that a fact? can i see where you saw this please? if it is possible? do you have a link?
If that is true, I will have to go with HUGE shorts on EU
New voice message: Why are you calling me? If I need you, I'll call you!
  • #626,653
  • Edited 6:18pm Apr 16, 2012 6:03pm | Edited 6:18pm
Quoting Avir
Mmmm, now i have a quetion for you Experienced traders,. i have my margin set at eighter 1:100/ 1:400 depending on the trade, but beacuse i have enough account balance i move my stop lose to wherever i wish to ( hoping that the lost won't go far than what i can afford) can this be done in any platform? Tnx in advance
@Avir:

1:100 / 1:400 is not margin - its Leverage. The higher the leverage you use, the greater the reward, the less money you actually put up from your account but the greater the losses. You can easily wipe out your account with Leverage like 1:400 - It is not advisable that you use such high leverage unless you really really really really know what you're doing.

Warren Buffet, said, and its true, " Never Trade With Leverage " but guess what, its easy for him to say, he has Billions to actually put up. Not trading with leverage is good if you're patient and think long term.

The Lower the Leverage, the more money you have to put up from your actual account, the lower the return and the lower the losses. Again it all depends on your risk tolerance and what you can afford.

So moving your SL, is significantly proportionate and dependent on the leverage that you use as it relates to your account sustainability and YES it can be done on any platform, you just have to speak with your broker to show you how the software of their paticular platform works, that allows you to move your stop loss.
  • #626,654
  • Apr 16, 2012 6:04pm Apr 16, 2012 6:04pm
Quoting Patternz
It's a daily email update i get from Tradeology i forgot where i signed up for it at.
Cool, http://www.forexfactory.com/images/icons/icon14.gif
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #626,655
  • Apr 16, 2012 6:08pm Apr 16, 2012 6:08pm
Quoting HDA
@Avir:

Im happy to see you traded your plan and it worked out for you. Congratulations again. PaulChin's trade also worked out as much as his style is not to trade with a SL, we all will do what works for us and what we each can handle in terms of risk tolerance.

Im happy his trade worked out.

Once again traders, knowing how and where to place Stop Losses is always a good thing to learn and practice. One can trade without a SL and in every forex circle you come across, it is...

Thank you. But you know what? I do have a stop loss - my full account, but market will have to move 10000 pips against me to wipe me out, which thankfully haven't happen yet. And I have been very consistent for the past few months, occasionally breakeven, and since I'm not from the US, I can actually hedge when wrong, and minimize my risk while holding positions against trend.

Most newbies tend to be more philosophical, boastful, vague in their intepretations, or plain good meals to trade against. I'm used to it already.

My advice for you is: Find an Objective Trading Rule that You can use to trade the market, that give you a view of WHAT IS TO COME TODAY OR TOMORROW.

Any yes, I always trade with a view - some says "Predictions".
Place your bets!
  • #626,656
  • Apr 16, 2012 6:08pm Apr 16, 2012 6:08pm
Quoting KillerWhale
Thanks my friend, but really I have tight sl this time, I can afford it LOL
Yes it was quick the 4hr pin sent bear packing, next 2 bars was strong bull, it was expected but you still have to be in to grin, , 130 deserve respect, had squeezed most trailings, most was clipped, is still a smelly rally, her did make new low with little pierce so I keeping watch her,
possible higher tf recoil, "gators" the man for them, he see them a mile away, if it is , this girl going to go clean through 130, she is one those wierd levels, absolutely staunch, then bang is nothing there, oh well is can dream
If you are new to Forex? Say Goodbye to your account!!
  • #626,657
  • Apr 16, 2012 6:08pm Apr 16, 2012 6:08pm
Quoting HDA
@Avir:

1:100 / 1:400 is not margin - its Leverage. The higher the leverage you use, the greater the reward, the less money you actually put up from your account but the greater the losses. You can easily wipe out your account with Leverage like 1:400 - It is not advisable that you use such high leverage unless you really really really really know what youre doing.

Warren Buffet, said, and its true, " Never Trade With Leverage " but gues what, its easy for him to say, He has Billions to actually put up. Not trading with leverage is good...
You are right it is ot Margin - it is Leverage. but you havent answer my question?
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #626,658
  • Apr 16, 2012 6:12pm Apr 16, 2012 6:12pm
Quoting PaulChin
Thank you. But you know what? I do have a stop loss - my full account, but market will have to move 10000 pips against me to wipe me out, which thankfully haven't happen yet. And I have been very consistent for the past few months, occasionally breakeven, and since I'm not from the US, I can actually hedge when wrong, and minimize my risk while holding positions against trend.

Most newbies tend to be more philosophical, boastful, vague in their intepretations, or plain good meals to trade against. I'm used to it already.

My advice for you is:...
@PaulChin:

Thank you for the advice and let us all continue to make money consistently.
  • #626,659
  • Apr 16, 2012 6:13pm Apr 16, 2012 6:13pm
Quoting KiwiTrada
Yes it was quick the 4hr pin sent bear packing, next 2 bars was strong bull, it was expected but you still have to be in to grin, , 130 deserve respect, had squeezed most trailings, most was clipped, is still a smelly rally, her did make new low with little pierce so I keeping watch her,
possible higher tf recoil, "gators" the man for them, he see them a mile away, if it is , this girl going to go clean through 130, she is one those wierd levels, absolutely staunch, then bang is nothing there, oh well is can dream
Believe me KIWI, we will slice through 1.30 as if it doesn't exist.
Today? Tomorrow? No one knows.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #626,660
  • Apr 16, 2012 6:14pm Apr 16, 2012 6:14pm
Quoting Avir
You are right it is ot Margin - it is Leverage. but you havent answer my question?
@Avir:

I did answer your question check again
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