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  • #685,021
  • Aug 28, 2012 7:32am Aug 28, 2012 7:32am
Quoting MaxDoom
give it straight back - don't manage other people investments
why do you say that? i mean obviously if he doesnt feel comfortable managing it he shouldn't but is there another reason
Be hopeful in a winning position, and fearful in a losing position.
  • #685,022
  • Aug 28, 2012 7:34am Aug 28, 2012 7:34am
Quoting MaxDoom
give it straight back - don't manage other people investments

Fully agree... it adds a lot of emotional stress...
  • #685,023
  • Aug 28, 2012 7:34am Aug 28, 2012 7:34am
Quoting MaxDoom
give it straight back - don't manage other people investments

If you are new to Forex? Say Goodbye to your account!!
  • #685,024
  • Aug 28, 2012 7:35am Aug 28, 2012 7:35am
Quoting MaxDoom
give it straight back - don't manage other people investments
He has more from where that came from, but I don't know how to manage it because is much smaller than mine and I can't apply the same strats like my own .

I will go from step to step with small trades and apply 5x times smaller leverage that I apply on my trades
  • #685,025
  • Aug 28, 2012 7:35am Aug 28, 2012 7:35am
hopefully with stocks going down down eur will follow...
  • #685,026
  • Aug 28, 2012 7:42am Aug 28, 2012 7:42am
Quoting KiwiTrada
hhahahaha then is good time to take a nap hahaha
Looks topped but let see what NY wants
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FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #685,027
  • Aug 28, 2012 7:43am Aug 28, 2012 7:43am
Quoting Bradifx
hopefully with stocks going down down eur will follow...
yes her will is crunch time maybe
If you are new to Forex? Say Goodbye to your account!!
  • #685,028
  • Aug 28, 2012 7:43am Aug 28, 2012 7:43am
before jackson hole euro won't decline , it is mere consolidation of a rally.....tommorow it may rise more reching 1.26-1.2625
you are the creator of your own destiny-Shivyog
  • #685,029
  • Aug 28, 2012 7:44am Aug 28, 2012 7:44am
Quoting Rag2RichesFX
why do you say that? i mean obviously if he doesnt feel comfortable managing it he shouldn't but is there another reason

loads of reasons....

1. if you gave your money to a broker to manage and they weren't qualified you wouldn't be happy would you - well whats the difference

2. if he delivers a profit the friend will want more - sooner or later he will get a big loss and the friendship will never be the same

3. the only reason for an amature to do it, is to play to their own ego that they are some great trader - that is not a good basis for trade decisions.

4. Trading is a very personal thing adding the complexity of somebody elses's money to your emotions will make you trade differently.

etc. etc.

quite simply apart from ego there is no reason to do it, if the friend can't trade themselves then let them put their money in the bank


I trade very successfully, but would never take on somebody elses money - I don't need the agro or emotions and they don't need my ego trip...
  • #685,030
  • Aug 28, 2012 7:46am Aug 28, 2012 7:46am
Quoting MaxDoom
loads of reasons....

1. if you gave your money to a broker to manage and they weren't qualified you wouldn't be happy would you - well whats the difference

2. if he delivers a profit the friend will want more - sooner or later he will get a big loss and the friendship will never be the same

3. the only reason for an amature to do it, is to play to their own ego that they are some great trader - that is not a good basis for trade decisions.

4. Trading is a very personal thing adding the complexity of somebody elses's money to your emotions...

Quote everything 100%... and I speak for personal past experience...
  • #685,031
  • Aug 28, 2012 7:47am Aug 28, 2012 7:47am
short on crude @ 96.04 looking for 94.3x

indicies heading down as well so also looking for EU to join the slip
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  • #685,032
  • Aug 28, 2012 7:48am Aug 28, 2012 7:48am
Quoting Bradifx
hopefully with stocks going down down eur will follow...
hope so..

i have added to my short 2548

5m
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Be hopeful in a winning position, and fearful in a losing position.
  • #685,033
  • Aug 28, 2012 7:50am Aug 28, 2012 7:50am
Quoting Rag2RichesFX
hope so..

i have added to my short based on the last three 15m candles

let's see whether 37 get out of the way...
  • #685,034
  • Aug 28, 2012 7:50am Aug 28, 2012 7:50am
Quoting Rag2RichesFX
hope so..

i have added to my short

5m
Hey what is your indi for pivots on top right of screen? I like when it's smart
  • #685,035
  • Aug 28, 2012 7:50am Aug 28, 2012 7:50am
Euro...For me its buy the dips wait for the right PA...with a very small stop...still holding my 77 long though....Any suggestions or questions are welcome...Missed the entry before 77 cauz, Had to go to the market today...(taken most out at 53 though could be a mess)
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  • #685,036
  • Aug 28, 2012 7:52am Aug 28, 2012 7:52am
Quoting KiwiTrada
hhahahaha then is good time to take a nap hahaha
yea time for sleep, seems bear waken on market close my au/nzd long little early , took cad/u long , i will hold it few mor mins BE or close and sleep , i have to wake up for London close
Mohan
  • #685,037
  • Aug 28, 2012 7:53am Aug 28, 2012 7:53am
Got greedy earlier and should have cashed in longs, still in profit and SL's at 30
  • #685,038
  • Aug 28, 2012 7:53am Aug 28, 2012 7:53am
Quoting MaxDoom
loads of reasons....

1. if you gave your money to a broker to manage and they weren't qualified you wouldn't be happy would you - well whats the difference

2. if he delivers a profit the friend will want more - sooner or later he will get a big loss and the friendship will never be the same

3. the only reason for an amature to do it, is to play to their own ego that they are some great trader - that is not a good basis for trade decisions.

4. Trading is a very personal thing adding the complexity of somebody elses's money to your emotions...
not at all about ego its about helping people. but i know what you mean with the stress, thats why risk is very low until their account has a nice profit going..then risk goes to what they asked of me, so initially i start off with even less.

anyway i appreciate your opinion
Be hopeful in a winning position, and fearful in a losing position.
  • #685,039
  • Aug 28, 2012 7:57am Aug 28, 2012 7:57am
Quoting lsolanki
before jackson hole euro won't decline , it is mere consolidation of a rally.....tommorow it may rise more reching 1.26-1.2625
What makes you so confident about that?, both the fundamentals and technicals dont agree with that assumption
  • #685,040
  • Aug 28, 2012 8:02am Aug 28, 2012 8:02am
good data good for economy bad for QE what pa going to do
Mohan
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