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EURUSD

  • #685,001
  • Aug 28, 2012 6:51am Aug 28, 2012 6:51am
waiting for NY open
  • #685,002
  • Aug 28, 2012 6:56am Aug 28, 2012 6:56am
Quoting Rag2RichesFX
When maintaining another persons account, use EXTREMELY low leverage until you are in the green, then slowly start to increase it, if you go back to BE or in the red lower leverage until in the green again

Initially, only take positions you have the most confidence in and very good RR

That is my view, I manage a few accounts for friends/family
If I am to manage someone else's money, I just ask them to assume the money is gone and that they've just donated the money to me. Otherwise, I wouldn't touch anyone else's money.
  • #685,003
  • Aug 28, 2012 6:59am Aug 28, 2012 6:59am
Quoting mohan76
hourly looks good for bear , but closing my short now
if was geppy short bro I am going hold, have moved sl BE 124 31 and will see what usa will do to her,
If you are new to Forex? Say Goodbye to your account!!
  • #685,004
  • Edited 7:19am Aug 28, 2012 7:01am | Edited 7:19am
Quoting $teve
If I am to manage someone else's money, I just ask them to assume the money is gone and that they've just donated the money to me. Otherwise, I wouldn't touch anyone else's money.
I say the same sort of thing as well but I still try to maintain very low leverage until I'm in the green, which gives me comfort taking bigger risks like I would on my own account.

Max I risk is 5% per month and 15% per month for two different options I have setup for trading others accounts.

Hungarian rate cut 6.75% vs 7% expected
Be hopeful in a winning position, and fearful in a losing position.
  • #685,005
  • Aug 28, 2012 7:01am Aug 28, 2012 7:01am
Forex trading is definitively a easy business. Important thing is that controlling ourselves in the time between the last losing trade to next winning trade, and also between last winning trade to subsequent winning trade. How you will spend that span of time determines result of next entry.

I am having a horrible life in forex trading. Every year is challenging, every day is challenging.
  • #685,006
  • Aug 28, 2012 7:02am Aug 28, 2012 7:02am
Quoting KiwiTrada
if was geppy short bro I am going hold, have moved sl BE 124 31 and will see what usa will do to her,
it was euro ,closing was not a bad decision , bull inside me waken , no more short for some time
Mohan
  • #685,007
  • Aug 28, 2012 7:03am Aug 28, 2012 7:03am
Quoting robert7
Forex trading is definitively a easy business. Important thing is that controlling ourselves in the time between the last loosing trade to next winning trade, and also between last winning trade to subsequent winning trade.

I am having a horrible life in forex trading. Every year is challenging, every day is challenging.

kind of contradicting yourself there....
  • #685,008
  • Aug 28, 2012 7:05am Aug 28, 2012 7:05am
Attached Image
Daytrader
  • #685,009
  • Aug 28, 2012 7:05am Aug 28, 2012 7:05am
Quoting MaxDoom
kind of contradicting yourself there....
except that controlling emotion, otherwise it is easy business. I am feeling easy in terms of entry and exit, and all other technical issues. only problem now is emotion.
  • #685,010
  • Aug 28, 2012 7:14am Aug 28, 2012 7:14am
Green pips good. Now time to sell.
  • #685,011
  • Aug 28, 2012 7:16am Aug 28, 2012 7:16am
Quoting Rag2RichesFX
When maintaining another persons account, use EXTREMELY low leverage until you are in the green, then slowly start to increase it, if you go back to BE or in the red lower leverage until in the green again

Initially, only take positions you have the most confidence in and very good RR

That is my view, I manage a few accounts for friends/family
exactly..and focus in your big account, if you are leveraging too much...wait for the right entrys, as you´ve done this time, don´t start to enter positions at the middle of rides...
  • #685,012
  • Aug 28, 2012 7:16am Aug 28, 2012 7:16am
Done for the day.....

Maybe euraud is topping ?
"Men who can both be right and sit tight are uncommon."
  • #685,013
  • Aug 28, 2012 7:18am Aug 28, 2012 7:18am
Quoting manboobs
charts below...follow the trend
Till now so good.. wait for a break of the 81.30 area....i see support here...we might form cluster here.wait for next 16-hr bar..which is minutes away.....we will pull back a little on this next bar but generally more new lows to be made..
Attached Image (click to enlarge)
Click to Enlarge Name: mb2.gif Size: 7 KB
  • #685,014
  • Aug 28, 2012 7:23am Aug 28, 2012 7:23am
Quoting Rag2RichesFX
When maintaining another persons account, use EXTREMELY low leverage until you are in the green, then slowly start to increase it, if you go back to BE or in the red lower leverage until in the green again

Initially, only take positions you have the most confidence in and very good RR

That is my view, I manage a few accounts for friends/family
Thank you for the advice, I will try to keep it in a close range .

EURUSD has designed a baseline foot pattern from which should go up or I'm mistaken?
  • #685,015
  • Aug 28, 2012 7:25am Aug 28, 2012 7:25am
Quoting mohan76
it was euro ,closing was not a bad decision , bull inside me waken , no more short for some time
hhahahaha then is good time to take a nap hahaha
If you are new to Forex? Say Goodbye to your account!!
  • #685,016
  • Aug 28, 2012 7:25am Aug 28, 2012 7:25am
Quoting Fares Shanab
http://www.borsaat.com/vb/uploaded/4...1346097926.jpg
This is the result of our work:

[IMG]http://www.borsaat.com/vb/uploaded/4...1346156701.jpg[/IMG]
  • #685,017
  • Aug 28, 2012 7:25am Aug 28, 2012 7:25am
Quoting xandi
exactly..and focus in your big account, if you are leveraging too much...wait for the right entrys, as you´ve done this time, don´t start to enter positions at the middle of rides...
From 15k I went to 22k now in 5 weeks, but I got to admit that I risked quite a lot, and now I'm thinking to temper my trades... but the one who risks can win, but the one who doesn't risk at all will never win for sure .

Any comment is well accepted brother xandi
  • #685,018
  • Aug 28, 2012 7:26am Aug 28, 2012 7:26am
Quoting MisterSpread
No problem, I didn't had too much rest last night, because I got a new amount of cash that I have to manage, and is around 2k $ and is 10 times lower than mine, and frankly I don't know what to do.... is a friend of mine's account so my emotional management starts to kick in here.

A little help for this small amount?

give it straight back - don't manage other people investments
  • #685,019
  • Aug 28, 2012 7:30am Aug 28, 2012 7:30am
:nerd:

Oh boy. Something weird behind this link, you have been warned.

Searched with "retard" word on you tube for some music.

Inserted Video
They think they are smarter than I am.
  • #685,020
  • Aug 28, 2012 7:32am Aug 28, 2012 7:32am
Happy Pipping
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