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  • #653,581
  • Jun 7, 2012 11:16am Jun 7, 2012 11:16am
Quoting master1234
go to vacation Enjoy with demo.
Maybe, still, i lost a lot while starting to learn... maybe I should leave the account on "waiting mode" until i am really convinced of what I´m doing in demo. like REALLY convinced. =P
  • #653,582
  • Jun 7, 2012 11:18am Jun 7, 2012 11:18am
Quoting mohan76
don't use big money for learning $25 is enough to learn open account broker have macro /nano lot can start learning
The Ktrader tool (forex chile) only lets me buy 0,1 lots as minimun, that is to say, 10,000 U$D for example, meaning they would take 100$ as margin, so I really cant do anything with a 25$ account on this system =(

That is quite the turn off.
  • #653,583
  • Jun 7, 2012 11:19am Jun 7, 2012 11:19am
Quoting daltman
Maybe, still, i lost a lot while starting to learn... maybe I should leave the account on "waiting mode" until i am really convinced of what I´m doing in demo. like REALLY convinced. =P
leave $25 and withdraw rest , learn on demo recover every thinking with that $25 , if you plan correctly you can do
Mohan
  • #653,584
  • Jun 7, 2012 11:20am Jun 7, 2012 11:20am
Quoting flofri
Well, I trade what I see. I cannot believe anyone's prediction, not with a 1000 "valid" arguments.

Prediction implies the probability of being wrong, even for the originator. To just follow someone else's prediction is utter foolishness.

So why post it? As a log for yourself?
Sentiment is an important tool.

When you FIRST note everyone getting on board jump on and go for the ride.

the opposite holds true for when to jump ship.
  • #653,585
  • Jun 7, 2012 11:21am Jun 7, 2012 11:21am
Quoting Esssex
Isn't this business about playing with the unknown? In fact it applies to all businesses, there will always be unknowns but you take calculated guesses with calculated risks.

You claim to trade what you see but you are making the assumption that what you see now will continue into the future. It is also an assumption and a prediction.
Yup, nice one, but "it ain't what you do, it's the way that you do it".

If I take a trade, just any trade, at any given time, and give it a 40 pips TS, how about the probability that I at least break even within the next hour?

If I insist on "predicting the market direction", go full in and stick to that all day, no matter what, how big is the chance that I blow my account this same day?

All kinds of handling in between, but imo this is of more importance than "the holy direction".

Maybe time for a relativistic: "All depends on your mindset and preferred trading style, of course."
  • #653,586
  • Jun 7, 2012 11:21am Jun 7, 2012 11:21am
I have placed another short sell @ 2577 this is aggressive entry as I should wait for confirmation in 12 min but I have a market money to play with so...

http://s16.postimage.org/d3eeynw7p/euro.gif
jpg upload
swing it!
  • #653,587
  • Jun 7, 2012 11:21am Jun 7, 2012 11:21am
Quoting daltman
The Ktrader tool (forex chile) only lets me buy 0,1 lots as minimun, that is to say, 10,000 U$D for example, meaning they would take 100$ as margin, so I really cant do anything with a 25$ account on this system =(

That is quite the turn off.

change your broker , oanda may be good for learning you can trade small as one currency unit (0.00001 lot) ,
(i don't use them )

edit : it's hard to control emotion and revenge mentality when you loose big money , it's easy with tiny loss.
Mohan
  • #653,588
  • Jun 7, 2012 11:25am Jun 7, 2012 11:25am
Quoting daltman
Maybe, still, i lost a lot while starting to learn... maybe I should leave the account on "waiting mode" until i am really convinced of what I´m doing in demo. like REALLY convinced. =P
May apply to different people but I skipped the demo portion and jumped straight into live.

Lost half within a week but my learning curve was cut short. I was forced to adapt and learn ASAP or risk blowing my account.

Some times you just got to force yourself into a corner where it is a do or die scenario. The mindset that you can always try again is not one I advocate.
  • #653,589
  • Jun 7, 2012 11:28am Jun 7, 2012 11:28am
Quoting flofri
Yup, nice one, but "it ain't what you do, it's the way that you do it".

If I take a trade, just any trade, at any given time, and give it a 40 pips TS, how about the probability that I at least break even within the next hour?

If I insist on "predicting the market direction", go full in and stick to that all day, no matter what, how big is the chance that I blow my account this same day?

All kinds of handling in between, but imo this is of more importance than "the holy direction".

Maybe time for a relativistic: "All depends on...
And now you are deviating away from the "point" that you were trying to make about predicting market movements to strategy.
  • #653,590
  • Jun 7, 2012 11:29am Jun 7, 2012 11:29am
Problem with this pair now is the endless BS from both sides of the pond, EURUSD is now just manipulated crap. Maybe I'll jump back on board if we get a decent trend, just a little pi**ed off with the stop hunt that's basically been going on since NFP
  • #653,591
  • Jun 7, 2012 11:30am Jun 7, 2012 11:30am
Quoting daltman
Maybe, still, i lost a lot while starting to learn... maybe I should leave the account on "waiting mode" until i am really convinced of what I´m doing in demo. like REALLY convinced. =P
its best to learn with real money live account.

only risk small sums until confidence grows.

demo can simulate the price action experience, NOT the emotional experience when your losing real money.
  • #653,592
  • Jun 7, 2012 11:33am Jun 7, 2012 11:33am
Quoting daltman
Maybe, still, i lost a lot while starting to learn... maybe I should leave the account on "waiting mode" until i am really convinced of what I´m doing in demo. like REALLY convinced. =P
three things to learn:

time management
money management
EMOTIONAL control
  • #653,593
  • Jun 7, 2012 11:35am Jun 7, 2012 11:35am
Quoting bennyblanco
Problem with this pair now is the endless BS from both sides of the pond, EURUSD is now just manipulated crap. Maybe I'll jump back on board if we get a decent trend, just a little pi**ed off with the stop hunt that's basically been going on since NFP
It was just pure speculation on QE. All risk assets rallied not just EUR/USD.
  • #653,594
  • Jun 7, 2012 11:37am Jun 7, 2012 11:37am
this is what i garthered from todays price movement, ben speech only took away abt 80 pips off the EUR, I dont see any further pull downwards lurking.

EUR will rebounce back by NY close, and then into the mid 26.. at least, my buy is already in position,pending orders for sell if 2530 breaks.
  • #653,595
  • Jun 7, 2012 11:38am Jun 7, 2012 11:38am
Quoting Esssex
May apply to different people but I skipped the demo portion and jumped straight into live.

Lost half within a week but my learning curve was cut short. I was forced to adapt and learn ASAP or risk blowing my account.

Some times you just got to force yourself into a corner where it is a do or die scenario. The mindset that you can always try again is not one I advocate.

I´ve just arrived at that point, blown half within a week as well. This might be a learning chance after all.


As todstars2 stated, the feeling of really betting your money and losing it is what gets you to understand the 2 other types of analysis, specially the sentiment one.

So far I´ve learned that I need to learn more =P

But I get carried away too easily. Plus my available trading times are the worst, need to make myself a strategy. And test it. Midnight trading maybe =P

I was trying to scalp, but I seem to suck at it =P the 3:1 ratio doesn´t work when you get 9 loses in a row, does it? =P
  • #653,596
  • Jun 7, 2012 11:40am Jun 7, 2012 11:40am
Quoting fxghost
I am waiting for the pair to reach 1.2540 level. I hope to see a bounce there and if after a bounce the pair continues go lower I place a short below the level with a stop 1.2625.
It would be a breakout trade.
Looks like the pair has retraced. If it does not go beyond 1.2625 and falls through the floor it is a definite short. If it breaks the ceiling I removed my sell stop order from 1.2540 level.
  • #653,597
  • Jun 7, 2012 11:42am Jun 7, 2012 11:42am
what the hell???????????
  • #653,598
  • Jun 7, 2012 11:42am Jun 7, 2012 11:42am
Quoting daltman
I´ve just arrived at that point, blown half within a week as well. This might be a learning chance after all.


As todstars2 stated, the feeling of really betting your money and losing it is what gets you to understand the 2 other types of analysis, specially the sentiment one.

So far I´ve learned that I need to learn more =P

But I get carried away too easily. Plus my available trading times are the worst, need to make myself a strategy. And test it. Midnight trading maybe =P

I was trying to scalp, but I seem to suck at it =P the 3:1...

go to www.babypips.com

and don't take trades based on people here saying it will go up or down etc....

do your own thing.

ignore indicators

ignore fundementals

watch the charts and learn to trade Support and Resistence this is your key to profits
  • #653,599
  • Jun 7, 2012 11:43am Jun 7, 2012 11:43am
fitch holding short


Fitch Downgrades Spain To BBB
Mohan
  • #653,600
  • Jun 7, 2012 11:43am Jun 7, 2012 11:43am
Fitch downgrades Spain but sure it looks like a dip.

If not, lots of buyers get ******. They had clean plan to make a new high for today later.
They think they are smarter than I am.
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