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EURUSD

  • #651,741
  • Jun 5, 2012 5:15am Jun 5, 2012 5:15am
Quoting halkins
so... 20-40% is too much, or too little, as I got lost
depends on the type of trader. i have tried most styles i find scalping i can use most of my account everynight and make a lot more then long term trades. and i sleep better because i dont wake up worrying if i lost or if i turned. point is no two traders trade the same way. some would say 20% a month. thats my weekly goal. but my trading system is rather unique. i can make 10% on a trade in a night if things go silly
  • #651,742
  • Jun 5, 2012 5:15am Jun 5, 2012 5:15am
Quoting Nachiket
Yes I am but I am already scratching my head looking at today's action and yesterday's action
hopefully my chart helps, we were at the top of the channel, and then there was probably a rumor or something that a euro bank wouldn't be able to make it, i haven't been listening to a squawk today.
Attached Image (click to enlarge)
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An opportunity lost is not a capital cost.
  • #651,743
  • Jun 5, 2012 5:18am Jun 5, 2012 5:18am
Quoting samirs
what does it mean your $50K has become $80K e.g.
more 150k to 250k neatish ... so yeah.. lol i didnt do the percentages until just now they are basically the same
  • #651,744
  • Jun 5, 2012 5:19am Jun 5, 2012 5:19am
Quoting KiwiTrada
hey bro

a. always use a stoploss, always, not like hedge is even bigger mess.
agree learned in hard way. no more hedge as s/l (only as separate trade against long term trade ).
Mohan
  • #651,745
  • Jun 5, 2012 5:20am Jun 5, 2012 5:20am
Quoting tightscalper
i did 60% last week... but im someone who will sit out a night or two trade aggressively when i see it clearly. and then stop again if i dont see exactly whats happening. i stopped on the bullish movement the other day and just added about 7% to my account tonight with the bounce of the trend line i have drawn in. playing it cool now to see what happens later.
No doubt it is possible. But I've been banging around for quite a while now and, from what I've seen, more often than not this kind of aggressive trading usually ends in tears. It's good to play it cool after a successful run.
Nothing worth having is easy.
  • #651,746
  • Jun 5, 2012 5:21am Jun 5, 2012 5:21am
Quoting BFSGcapital
hopefully my chart helps, we were at the top of the channel, and then there was probably a rumor or something that a euro bank wouldn't be able to make it, i haven't been listening to a squawk today.

I am hearing some rumours of G7 news to hit the wires soon, does anybody have similar news.
  • #651,747
  • Jun 5, 2012 5:21am Jun 5, 2012 5:21am
sell: 1.2410
stop: 1.2475
limit: 1.2322
  • #651,748
  • Jun 5, 2012 5:21am Jun 5, 2012 5:21am
Quoting KiwiTrada
hey bro

you need change your focus.
a. always use a stoploss, always, not like hedge is even bigger mess.
b. dont have to catch every move, always another around the corner.
c. is only 2 ways to trade,
1. monitor evey beat of market, essential for scalping, anything longer term will make you go blind, bald and mad
2. plan everytrade before enter, everything, sl protection, sl placement, tp targets, pb, overall rr etc
method 2, allow you to enter trade plan, and go to bed, beach, holiday,
never ever leave a trade open, unprotected. your trade...
Hi Kiwi
yes, I know, 10 times you win, but 11th blows your account
Remember, last month I left "open" position for "only" 2 hours.
Hehhh... It took me 3 weeks to bring it back to breakeven.
The most important is to have a plan, stick to it and cut off quickly if you are wrong.
Read Charts - Not Papers
  • #651,749
  • Jun 5, 2012 5:22am Jun 5, 2012 5:22am
Quoting mohan76
edit
it's using ASIC license of Enfinium Pty Ltd , i don't leave more than what i need @ any broker
ahh well i started trading and a friend got me into it now i just love doing it and its extremely challenging but i always like going for my perfect game everyday so im honestly not that worried but i was looking at transfering to mb ..... 0.1 pips per e/u trade? thats insane
  • #651,750
  • Jun 5, 2012 5:23am Jun 5, 2012 5:23am
Quoting halkins
Hi Kiwi
yes, I know, 10 times you win, but 11th blows your account
Remember, last month I left "open" position for "only" 2 hours.
Hehhh... It took me 3 weeks to bring it back to breakeven.
The most important is to have a plan, stick to it and cut off quickly if you are wrong.

check my signature to view safety mechanism i have in place .
Mohan
  • #651,751
  • Jun 5, 2012 5:24am Jun 5, 2012 5:24am
Quoting mohan76
agree learned in hard way. no more hedge as s/l ,
yes bro same, cloggie was one who opened my eyes on hedging, you is trading against you self
not say it dosnt work, believe it is a whole concept of trading in its self, just see many using it to get themselves out of bad trades, and end up in bigger mess.
2nd golden rule of trading, cut loose loser trade, let winner run, sounds simple but we all hate lose money and lives in hope her will come back, trollop more often just keep going away, arrrrgh been there done that
If you are new to Forex? Say Goodbye to your account!!
  • #651,752
  • Jun 5, 2012 5:24am Jun 5, 2012 5:24am
G7 finance chiefs are to hold an emergency call at 1200BST - sources


wtf is happening here
  • #651,753
  • Jun 5, 2012 5:24am Jun 5, 2012 5:24am
Quoting goshko147
sell: 1.2410
stop: 1.2475
limit: 1.2322
Sell 1.2410??
  • #651,754
  • Jun 5, 2012 5:26am Jun 5, 2012 5:26am
Quoting cat
Sell 1.2410??
yes even i am surprised. must be a pending order.
  • #651,755
  • Jun 5, 2012 5:26am Jun 5, 2012 5:26am
Quoting Nachiket
yes even i am surprised. must be a pending order.
but don't do any sells till G7 is out.
  • #651,756
  • Edited 5:30am Jun 5, 2012 5:26am | Edited 5:30am
Quoting Nachiket
I am hearing some rumours of G7 news to hit the wires soon, does anybody have similar news.

There is a G7 phone call scheduled today... EU says cannot confirm Ollie Rehn will participate and that it is a normal call to discuss regular issues.

One wire service says call to start at 7:00 AM EST 12 BST... anotehr wire service says 7:30 EST and 12:30 BST.

I'll keep you posted as comments comeout...

Just because they are having a phone call does not mean necessarily that they will release any statements after...
  • #651,757
  • Jun 5, 2012 5:27am Jun 5, 2012 5:27am
Quoting Nachiket
yes even i am surprised. must be a pending order.
i think he means if it breaks 1.2410 he expects more down, that would be in line with a break of the trendline we are bouncing off of now
An opportunity lost is not a capital cost.
  • #651,758
  • Jun 5, 2012 5:28am Jun 5, 2012 5:28am
no much move since i went
  • #651,759
  • Jun 5, 2012 5:28am Jun 5, 2012 5:28am
Quoting halkins
I was busted with emotions playing too big, with money I didn't feel comfortable with.
It's good you recognised this. I also prefer nice, calm trading these days (within my limits) so that it doesn't affect my daily life whatsoever and so that I don't start to see things on the charts that aren't there.
Nothing worth having is easy.
  • #651,760
  • Jun 5, 2012 5:28am Jun 5, 2012 5:28am
it can drop further
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