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  • #689,441
  • Sep 7, 2012 9:10am Sep 7, 2012 9:10am
Quoting Sonofsin5
You would have to with a 3.4 avg loss.
With a 20 pip swing and a stop averaging you out that small it is possible, but not with a retailer and you know it.
Only reason it can't be done with retail is the house cant hedge your scalps so they don't like it, perhaps they stop hunt you but you and I both know no retail broker can move E/U just to shake out one of their clients, they are small potatoes.

Other than that, if your spread is decent it can still work. But if you don't have what should be industry standard 1 pip E/U spread, then it's much harder.

I enter with 1 pip stops on momentum moves sometimes. Normally though its 2-3 pip stops (+0.8)

I got long during NFP with 1 pip stop loss. I got stopped out 3 times before I got it, but once I did, the price surged away from my entry and my stop was safe.

So 1.8+1.8+1.8 = -5.4, but I got +45 out of the long.

I could have even done that with 0.1 pip stop (using 1 click trade + stop loss) but thats just too tight, even for momentum moves.

I was looking at my retail broker screen as well, and the charts were delayed 10 seconds. Especially with gold and silver.


Anyway.. no hard feelings
Be hopeful in a winning position, and fearful in a losing position.
  • #689,442
  • Sep 7, 2012 9:11am Sep 7, 2012 9:11am
Quoting mohan76
defiantly she have test atleast 70 today or Monday ,

we having few Chinese dara on week end

yea my max 59992 but taking fx reported 1.60
yup .arrrgh I am under attack, smeely bull has poke his foot through my fence
If you are new to Forex? Say Goodbye to your account!!
  • #689,443
  • Sep 7, 2012 9:14am Sep 7, 2012 9:14am
Quoting MaxDoom
closed Dax +1
closed EU -3
too much momentum, need to wait for some reversal formation
Be hopeful in a winning position, and fearful in a losing position.
  • #689,444
  • Sep 7, 2012 9:16am Sep 7, 2012 9:16am
Quoting KiwiTrada
yup .arrrgh I am under attack, smeely bull has poke his foot through my fence
time to short nap back 30/45 min
Mohan
  • #689,445
  • Sep 7, 2012 9:16am Sep 7, 2012 9:16am
Quoting kibescorp
So just find one of these ppl, hold him/her hostage, and you'll have a money machine in your hands.
Give mea photo I will find.
  • #689,446
  • Sep 7, 2012 9:17am Sep 7, 2012 9:17am
Quoting KiwiTrada
yup .arrrgh I am under attack, smeely bull has poke his foot through my fence
LOL.
"Men who can both be right and sit tight are uncommon."
  • #689,447
  • Sep 7, 2012 9:20am Sep 7, 2012 9:20am
Quoting Rag2RichesFX
too much momentum, need to wait for some reversal formation


I've been playing with some new entry techniques on EU & Dax today, hence taking multiple entries but with very tight stops(not my normal thing) looking promising caught a couple of nice longs, one nice short and about 5 shorts that went -3 to -7 each overall about +45 I think....
  • #689,448
  • Sep 7, 2012 9:22am Sep 7, 2012 9:22am
Let's see if we can see 1,272x....This rise needs a little bit of a retracement.
COT: The precious data ignored
  • #689,449
  • Sep 7, 2012 9:23am Sep 7, 2012 9:23am
Quoting kuroro001
Let's see if we can see 1,272x....This rise needs a little bit of a retracement.
Yea, when cable hits 21, maybe a good turnaround point.
They think they are smarter than I am.
  • #689,450
  • Sep 7, 2012 9:29am Sep 7, 2012 9:29am
now is very low risk to short comapirng with 2400 or 2550 or even my 2625.
i am still optimistic about strong resistance 2630. it will return in a week back.

looks there was a period since july 24 when euro was 2050. everybody said oh!!! euro will be 1.15.
so? where is 1.15?

now a f. speculators saying 1.30.

NO ! 1.30 in their dreams.

2800 MAX Short these levels and be confident keep !!!
2650
2700
2750
2800
  • #689,451
  • Sep 7, 2012 9:29am Sep 7, 2012 9:29am
He's been absent for 2 days....
  • #689,452
  • Sep 7, 2012 9:30am Sep 7, 2012 9:30am
took a long @ 74 SL 75
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  • #689,453
  • Sep 7, 2012 9:30am Sep 7, 2012 9:30am
The losers are the only ones to talk of others having advance knowledge.

The dog ate my homework.

I guess the trend in place had nothing to do with it?
  • #689,454
  • Sep 7, 2012 9:31am Sep 7, 2012 9:31am
Long EUR/USD @ 1.276 and Short AUD/JPY 81.2 both tight SL w trailing SL
  • #689,455
  • Sep 7, 2012 9:31am Sep 7, 2012 9:31am
Quoting SunTrader
The losers are the only ones to talk of others having advance knowledge.

The dog ate my homework.
LMAO!!!!
  • #689,456
  • Sep 7, 2012 9:31am Sep 7, 2012 9:31am
It will hit 1.2800 end of this week
{Promotion Removed}
  • #689,457
  • Sep 7, 2012 9:32am Sep 7, 2012 9:32am
big boys got what their want.
now almost me believe that euro need to long.
but stop !!!
history reapeats again. dont do the same mistakes.

thats what they want. that u start to believe that need to long euro.

SHORT that f. euro !!!
SHort !!!
  • #689,458
  • Sep 7, 2012 9:32am Sep 7, 2012 9:32am
Quoting kuroro001
Let's see if we can see 1,272x....This rise needs a little bit of a retracement.
All the Londoners dealers went to the pub, the one from New York had too many espressos that make their heart palpitates so much, so instead of shorting they went long, also the latest despatched from Bogota was not of the the best quality, I think 2795 is due.
"Men who can both be right and sit tight are uncommon."
  • #689,459
  • Sep 7, 2012 9:32am Sep 7, 2012 9:32am
Quoting Z3iz3i
Yea, when cable hits 21, maybe a good turnaround point.
Seems market forget what is retracement
  • #689,460
  • Sep 7, 2012 9:32am Sep 7, 2012 9:32am
Quoting MaxDoom
took a long @ 74 SL 75
nice trade

my exact style my friend! wait until the end of the retrace, and enter. its the least risky way to trade intraday...

however i personally need to kick my contratrend scalping habit and i would be more profitable...

maybe i will try 1.28 (see, i cant kick the habit)
Be hopeful in a winning position, and fearful in a losing position.
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