New voice message: Why are you calling me? If I need you, I'll call you!
- #672,921
- Jul 28, 2012 12:33pm Jul 28, 2012 12:33pm
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
- #672,922
- Edited 1:48pm Jul 28, 2012 1:30pm | Edited 1:48pm
- | Membership Revoked | Joined Jul 2012 | 4,197 Posts
"It's the Margin, Stupid."
- #672,923
- Jul 28, 2012 2:06pm Jul 28, 2012 2:06pm
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #672,924
- Jul 28, 2012 2:23pm Jul 28, 2012 2:23pm
- | Membership Revoked | Joined Jul 2012 | 4,197 Posts
Not more than 48 Hours , maximum one week. ( Which happens when i really mess everything up 
In case i was right about this long position , i will close the position at 1.24200 and wait abit to see if its going to retrace or not. If not, i will reload and continue 1.25 !
However, I will be awaiting and alerted to see the effects of the new stated by the financial minster. Despite the fact, that i really question it can effect the movement that much !
In case i was right about this long position , i will close the position at 1.24200 and wait abit to see if its going to retrace or not. If not, i will reload and continue 1.25 !However, I will be awaiting and alerted to see the effects of the new stated by the financial minster. Despite the fact, that i really question it can effect the movement that much !
"It's the Margin, Stupid."
- #672,925
- Jul 28, 2012 7:33pm Jul 28, 2012 7:33pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
The first chart is from my last post here. The red 200 sma provided strong support along with the 50% fib of the decade long uptrend we saw that topped out at 1.6035.
That buy order was filled and tp'ed at 1.23.
i built sell orders above 1.23 up to 1.2388 which all tp'ed again at 1.23 late friday. 1.24 has a very strong option defense which was certain to fail (logically, anyway) on the first attempt. It failed Friday.
The 2nd chart is current from Friday. The current candle has 2 more days, and with the Hopium bullish market sentiment ahead...
If you are new to Forex? Say Goodbye to your account!!
- #672,926
- Edited 8:02pm Jul 28, 2012 7:46pm | Edited 8:02pm
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
This will save me some typing.. .Not perfect, done in a rush but gives the tech levels to watch out for.. 2259 seems to be the decider.
There is also a minor at 2461 on Weekly and Daily so I will give it some respect..
Note:s&p wants to get to 1410, so this would be kind of on the long bias if that holds..
There is also a minor at 2461 on Weekly and Daily so I will give it some respect..
Note:s&p wants to get to 1410, so this would be kind of on the long bias if that holds..
- #672,927
- Jul 28, 2012 8:21pm Jul 28, 2012 8:21pm
- | Membership Revoked | Joined Jun 2012 | 1,547 Posts
Just to change the subject. 
If one is able to produces an average 2.2% a day from an account of $300 after 12 months
with a daily compound his capital will reach about $94,621.11.
And after 24 months will reach about $29,843,846.30.
Just a thought......
If one is able to produces an average 2.2% a day from an account of $300 after 12 months
with a daily compound his capital will reach about $94,621.11.
And after 24 months will reach about $29,843,846.30.
Just a thought......
"Men who can both be right and sit tight are uncommon."
- #672,928
- Jul 28, 2012 8:29pm Jul 28, 2012 8:29pm
- | Membership Revoked | Joined Jun 2012 | 1,547 Posts
"Men who can both be right and sit tight are uncommon."
- #672,929
- Jul 28, 2012 8:38pm Jul 28, 2012 8:38pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
Hey KiwiTrada, having a good weekend?
What do you think, Aussie turning point @ 1.05xx?
It has been following this channel religiously.
I have posted simple daily, you 4hr here is 1hr
The daily channel has a 250pip range 1hr 62pip range,
daily 35pip ish to utl 1hr 55pip ish to utl, however I have a rising tl on the hourly which has converged with 0486, which was the upper level of the previous daily range,
bro, yes I agree capping could be around 1 0500 which is also mini psyhc and I feel she is already at a level 0486 to start building into it, of course this will all depend on mondays open, I used to follow anyweekend movement on oanda, but they stopped trading weekends, do you know another broker who open over weekend?
So if her gaps up avove 0517 I will stay aside to see if her will come back into channel, then jump her, if her gap up less than 0517 I will jump her straight away, if no gap and she open I will jump her straight away, and trade the 1hr channel, if she gap down to ltl of 1hr rising channel, I will stay aside, could be a nice long, but rr is to tight for me, if she breach that ltl I will jump her, 1st defend this breached tl, then the blue previous rising tl then 0290, I will pb around here, is important level me, if her still falling next target will be ltl of rising 4hr channel,
Bro this is my plan for her, like I say if the utl of the 4hr rising channel is
breached I be on sidelines her,
My plan B is my usual open zones, which I trade seperately as them have different criteria,but I need opens and asian levels to print 1st, last level is 4pm here, so cant give levels till then, normally just sell my brokers open priice, stop above and wait, until levels print to decide if add, close whatever
Finaaly I more interested Wed Open (August), this level will decide trade plan for next 30 days,
Sorry chart is little messy, but note the new blue upper rising tl, converge with fridays close, is not a strong one as 1hr, but a valid tl, with 3rd tap,
I just trying to define levels which will negate a sell plan, if pa is capped and Im in will worry about supports, pb etc then.
Happy pip hunting next week bro
If you are new to Forex? Say Goodbye to your account!!
- #672,930
- Jul 28, 2012 9:02pm Jul 28, 2012 9:02pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
Just to change the subject.
If one is able to produces an average 2.2% a day from an account of $300 after 12 months
with a daily compound his capital will reach about $94,621.11.
And after 24 months will reach about $29,843,846.30.
Just a thought......
a. opening enormous trades
b. trusting you broker with much your money
c. risking huge ammount each trade
d. withdrawing nothing
so yes you calculations are sort of correct, but a losing trade with account $300 5% risk = $15
$30 million 5% risk = $1.5 million
Not considering, Tax, Commissions, Swap, Withdrawals etc
So could you handle the stress of risking $1.5 million per trade hahaha, in the most volatile industry in the world with incredible corruption, manipulation, etc etc $15 - $1.5milllion is big difference in dynamics bro
Then consider 95% of traders fail, although this is possible, the discipline would need be absolutely perfect.
If you have excellent mm r/r dicipline and another income to live on, it could be done, is pipe dream, but possible,
If you are new to Forex? Say Goodbye to your account!!
- #672,932
- Jul 28, 2012 10:13pm Jul 28, 2012 10:13pm
- Joined Mar 2010 | Status: Trader | 42,434 Posts
This will save me some typing.. .Not perfect, done in a rush but gives the tech levels to watch out for.. 2259 seems to be the decider.
There is also a minor at 2461 on Weekly and Daily so I will give it some respect..
Note:s&p wants to get to 1410, so this would be kind of on the long bias if that holds..
Attachment
Well done ... and I think we will see your "decider" to be visited soon ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #672,933
- Jul 28, 2012 10:57pm Jul 28, 2012 10:57pm
- | Membership Revoked | Joined Jun 2012 | 1,547 Posts
hahahhahaha broI love maths, but you have to be prepared to be
a. opening enormous trades
b. trusting you broker with much your money
c. risking huge ammount each trade
d. withdrawing nothing
so yes you calculations are sort of correct, but a losing trade with account $300 5% risk = $15
$30 million 5% risk = $1.5 million
Not considering, Tax, Commissions, Swap, Withdrawals etc
So could you handle the stress of risking $1.5 million per trade hahaha, in the most volatile industry in the world with incredible corruption, manipulation,...
but nice problems to deal with...... 
Just as a quick thought one has to be able not to influence by the number, I mean loosing $300.000 on a $30,000.000 account should be exactly the same as losing $3 on a $300 account.
Secondly not all the money should be kept in the broker account, lets say only 20% is necessary.
With big money one has to trade with futures and not with "bucket shops", also one can insure his money one way or the other.
Of course once you get too $30,000.000 you also can decide to trade less and travel or do something else more.....
Yes dreaming is free of charge...
"Men who can both be right and sit tight are uncommon."
- #672,934
- Jul 28, 2012 11:26pm Jul 28, 2012 11:26pm
- | Membership Revoked | Joined Jun 2012 | 1,547 Posts
Yes is nice channel. she has similar on 1hr,
I have posted simple daily, you 4hr here is 1hr
The daily channel has a 250pip range 1hr 62pip range,
daily 35pip ish to utl 1hr 55pip ish to utl, however I have a rising tl on the hourly which has converged with 0486, which was the upper level of the previous daily range,
bro, yes I agree capping could be around 1 0500 which is also mini psyhc and I feel she is already at a level 0486 to start building into it, of course this will all depend on mondays open, I used to follow anyweekend movement...
Yes, IF she gappes up that critical level (yellow area) will be trespass and may be used as support to reach even 1.0558 with a bit of resistance at 1.0519 (which is 1.27 projection of the previous leg down).
"Men who can both be right and sit tight are uncommon."
- #672,935
- Jul 28, 2012 11:29pm Jul 28, 2012 11:29pm
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #672,936
- Jul 28, 2012 11:34pm Jul 28, 2012 11:34pm
This will save me some typing.. .Not perfect, done in a rush but gives the tech levels to watch out for.. 2259 seems to be the decider.
There is also a minor at 2461 on Weekly and Daily so I will give it some respect..
Note:s&p wants to get to 1410, so this would be kind of on the long bias if that holds..
Attachment
No place for mistakes
- #672,938
- Jul 29, 2012 12:32am Jul 29, 2012 12:32am
- Joined Mar 2010 | Status: Trader | 42,434 Posts
What do you mean by 1410!!!
Hääää?
###
He did not say anything ...
###
It has been a member before who did ...
And it is quite obvious that he did mention S&P there ...
;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #672,939
- Jul 29, 2012 12:37am Jul 29, 2012 12:37am
- Joined May 2012 | Status: I'm Pawning 95Percent | 1,407 Posts
