EURUSD | Page 34964 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #699,261
  • Sep 27, 2012 3:27pm Sep 27, 2012 3:27pm
Quoting almo
He doesn't require 20 pip moves...that's the entire point. His leverage allows him to get out for quick scalps, making the same % that we require a 40 pip or larger move to achieve.
Yes, I know, let me clarify, FROM ENTRY, it's not unusual to get spikes of many pips against before it goes in ones favor.

His entries immiedately going in his favor, every time, before price goes against his entry is just not going to happen. Also, lets not forget things like spread widening and out of no where spike and news spikes.

He's basically statistically guaranteeing that he will eventually tank the account.
  • #699,262
  • Sep 27, 2012 3:27pm Sep 27, 2012 3:27pm
High leverage doesnt make your blow your account.
Quoting StopGuessing
Well yes when you think about it. Yet think of the advantage of using high leverage. What is the difference between using 2000:1 leverage and 50:1 leverage with 1% equity? The fact is using the 2000:1 leverage allows you to have 20 times more free capital compared to 50:1 leverage should you want to buy more lots. = ) That is what many people over look with high leverage.

High leverage doesnt make your blow your account. Poor entries and trading bias is what makes high leverage seem dangerous. I for one use high leverage very well. Only because...
  • #699,263
  • Sep 27, 2012 3:28pm Sep 27, 2012 3:28pm
Well I'm good at entry above or below support and resistance. For example resistance somewhere around 1,2840 was rejected quite few times and its quite easy to make a decision.

But apart from that its pure gambling imo. I don't have proper scalping skills. I wish I had them!

My broker has 500 leverage and 18 pips in wrong direction...you are out. Thats quite sick too!
  • #699,264
  • Sep 27, 2012 3:29pm Sep 27, 2012 3:29pm
Quoting KumoDragon
That is theoretically possible, but anyone who has traded for longer than a week, knows from experience that the account would get tanked sooner than later.
Thats like saying THE SUN WILL BURN OUT SOONER OR LATER. Yet what happens before then is what matters. The fact is people with 10:1 leverage blow their accounts even using 1% only because their losing position is compunded by opening bias positions to recover the first loss.
He who guess is LOST!
  • #699,265
  • Sep 27, 2012 3:30pm Sep 27, 2012 3:30pm
Quoting Tadej89
Well I'm good at entry above or below support and resistance. For example resistance somewhere around 1,2840 was rejected quite few times and its quite easy to make a decision.

But apart from that its pure gambling imo. I don't have proper scalping skills. I wish I had them!

My broker has 500 leverage and 18 pips in wrong direction...you are out. Thats quite sick too!
Your only out at 18 points if your use 100% equity. If your using anything less then 100% equity then your margin call in points is increased dramatically.
He who guess is LOST!
  • #699,266
  • Sep 27, 2012 3:31pm Sep 27, 2012 3:31pm
Quoting StopGuessing
Kumo you seem rather pessimistic. I think if we had to do a contest about who can earn more % wise. I would run so many circles around you, that you may just pass out. The reality is my account is as LIVE as it can be. Not to mention I withdraw profits DAILY. As almo mentioned, what you make with a 40 point profit, I make with just 2 points. Even if my account is small, people respect % profit, not just points. Only because those who gain on avg 100 points profit, has a draw down of atleast half. And if your closing trADES at 100 point profit, thats...
You are full of baloney. Of that I am quite sure. I've been trading for many years now and understand leverage fully. What you are claiming you do is simply not statistically possible.

I'm not being pessamistic I'm being real. To hit entries like that constantly with so little room for whip and noise before losing a great deal of your account you would have to be able to see into the future and get pin point entries.
  • #699,267
  • Sep 27, 2012 3:33pm Sep 27, 2012 3:33pm
Quoting stevewalker
High leverage doesnt make your blow your account.
LOL, it does the way he's describing it.
  • #699,268
  • Sep 27, 2012 3:33pm Sep 27, 2012 3:33pm
Quoting KumoDragon
Yes, I know, let me clarify, FROM ENTRY, it's not unusual to get spikes of many pips against before it goes in ones favor.

His entries immiedately going in his favor, every time, before price goes against his entry is just not going to happen. Also, lets not forget things like spread widening and out of no where spike and news spikes.

He's basically statistically guaranteeing that he will eventually tank the account.
What your failing to understand is this. Would you rather trade TRYING TO GET THE PERFECT ENTRY as where your stop loss of 5 pips would not get hit before you make 5 points. Or would you rather open a position because on higher time frames it says its in a downtrend? Which one of the two seems like a more logical way of risking your funds?

My reality is my stop loss of 5 points gets hit less then 7% of the times. Just think about how accurate ones entry has to be in order to make that happen.
He who guess is LOST!
  • #699,269
  • Sep 27, 2012 3:35pm Sep 27, 2012 3:35pm
I agree with him.

I had discussions about that earlier at orher threads.
high leverage does not blow account. trader himself.

walker.
Quoting KumoDragon
LOL, it does the way he's describing it.
  • #699,270
  • Sep 27, 2012 3:36pm Sep 27, 2012 3:36pm
Quoting KumoDragon
You are full of baloney. Of that I am quite sure. I've been trading for many years now and understand leverage fully. What you are claiming you do is simply not statistically possible.

I'm not being pessamistic I'm being real. To hit entries like that constantly with so little room for whip and noise before losing a great deal of your account you would have to be able to see into the future and get pin point entries.
Well how about I post every single entry this week. This way you can backtest it on 1m chart so you can see what I am saying is true. I can back every single trade. I dont need to use so called EXPERIENCE to make one believe I am being truthful. As I said, I can run circles around you anytime of the day. If you like lets trade tomorrow. At the close, lets see who profitted more % wise. I am sure I will have your beat by 7 fold.
He who guess is LOST!
  • #699,271
  • Sep 27, 2012 3:38pm Sep 27, 2012 3:38pm
"My reality is my stop loss of 5 points gets hit less then 7% of the times."

my two cents.

or you will be paying more cost then your profit.
when you compare 5 pip profit with at least 2 pip cost.

walker.


Quoting StopGuessing
What your failing to understand is this. Would you rather trade TRYING TO GET THE PERFECT ENTRY as where your stop loss of 5 pips would not get hit before you make 5 points. Or would you rather open a position because on higher time frames it says its in a downtrend? Which one of the two seems like a more logical way of risking your funds?

My reality is my stop loss of 5 points gets hit less then 7% of the times. Just think about how accurate ones entry has to be in order to make that happen.
  • #699,272
  • Sep 27, 2012 3:39pm Sep 27, 2012 3:39pm
Quoting StopGuessing
What your failing to understand is this. Would you rather trade TRYING TO GET THE PERFECT ENTRY as where your stop loss of 5 pips would not get hit before you make 5 points. Or would you rather open a position because on higher time frames it says its in a downtrend? Which one of the two seems like a more logical way of risking your funds?

My reality is my stop loss of 5 points gets hit less then 7% of the times. Just think about how accurate ones entry has to be in order to make that happen.
I trade from the 1M up myself. Also, now I know you are full of baloney. (My reality is my stop loss of 5 points gets hit less then 7% of the times. pffft hahaah)

Like I said with a stop of 5 pips (lol spread eats that sometimes) you would have to be able to see into the future AND time when you pushed the entry button to coincide with that price.

I'll challenge anyone here to try a five pip stop, with ANY skill level or entry technique. I'll even make it easier set TP to 1 pip so you dont have to be quick to hit the close button.. You'll still get hammered.
  • #699,273
  • Sep 27, 2012 3:41pm Sep 27, 2012 3:41pm
Quoting stevewalker
I agree with him.

I had discussions about that earlier at orher threads.
high leverage does not blow account. trader himself.

walker.
Think of it this way....
You have 100 usd in a 2000:1 leverage account
1% of 100 usd is 1 usd.
every 5 points you earn you make 1 usd profit
To blow your account you would need to lose 100 points in one trade...

Now a person who allows themself to go in red more then 10 points to me are brainless. Well a scalper that is. Only because your allowing your one position to go in red 10% of eur-usd daily point range avg.... If anyone simply loads fibs with asia open to asia high/low before 6gmt you will clearly see what I am referring to. I think if you load a chart, and change the way your visualize the actual movement, you have a better chance of winning. Think of it this way.

Before 6gmt my system gives me exactly 24 exact entries. Down to the last .00001 so anything other then those 24 specific prices means nothing to me. By me doing that, I can use the small stop loss rule with over a 90% possibilty of winning.
He who guess is LOST!
  • #699,274
  • Sep 27, 2012 3:43pm Sep 27, 2012 3:43pm
Quoting StopGuessing
Well how about I post every single entry this week. This way you can backtest it on 1m chart so you can see what I am saying is true. I can back every single trade. I dont need to use so called EXPERIENCE to make one believe I am being truthful. As I said, I can run circles around you anytime of the day. If you like lets trade tomorrow. At the close, lets see who profitted more % wise. I am sure I will have your beat by 7 fold.
Anybody can cherry pick charts and post fairy tale trades on a board. If you really want to try and prove your method start a live room where your charts and trades are shown in real time. I'll even let you use your little demo account.

If you can do it all day long for a full trading session, without getting stops hit multiple times (7% or less) I'll come on here and admit how wrong I was.
  • #699,275
  • Sep 27, 2012 3:46pm Sep 27, 2012 3:46pm
I did not track your trades till now.
will focus from now on.
seems you created and edge that works for you.

someones system may not work other but I may learn something to add my ammo.

good luck!

walker.
Quoting StopGuessing
Think of it this way....
You have 100 usd in a 2000:1 leverage account
1% of 100 usd is 1 usd.
every 5 points you earn you make 1 usd profit
To blow your account you would need to lose 100 points in one trade...

Now a person who allows themself to go in red more then 10 points to me are brainless. Well a scalper that is. Only because your allowing your one position to go in red 10% of eur-usd daily point range avg.... If anyone simply loads fibs with asia open to asia high/low before 6gmt you will clearly see what I am referring to. I...
  • #699,276
  • Sep 27, 2012 3:46pm Sep 27, 2012 3:46pm
90% winners to 10% looser's ?
Why are you taking the money out everyday, instead of using higher funds to win higher monies or pips ?
  • #699,277
  • Sep 27, 2012 3:47pm Sep 27, 2012 3:47pm
Please look at todays positions. I closed the day up 300 usd, which was about 20% of my total account. The chart also shows my server time, so you can back test rather easily. Now tell me how many of those trades after I entered i was down 5 points before I closed it for profit.
Attached Image (click to enlarge)
Click to Enlarge Name: proof.jpg Size: 134 KB
He who guess is LOST!
  • #699,278
  • Sep 27, 2012 3:49pm Sep 27, 2012 3:49pm
Quoting KumoDragon
Anybody can cherry pick charts and post fairy tale trades on a board. If you really want to try and prove your method start a live room where your charts and trades are shown in real time. I'll even let you use your little demo account.

If you can do it all day long for a full trading session, without getting stops hit multiple times (7% or less) I'll come on here and admit how wrong I was.
Oh come on mate. How about this. If FF mods say its ok. We can use teamviewer, and you can see me work live in action. No need to even type a word. You will see the trades live and direct.
He who guess is LOST!
  • #699,279
  • Sep 27, 2012 3:49pm Sep 27, 2012 3:49pm
"I can use the small stop loss rule with over a 90% possibilty of winning."

if it is not > ~%80 then cost will eat your profit.

walker.

Quoting StopGuessing
Think of it this way....
You have 100 usd in a 2000:1 leverage account
1% of 100 usd is 1 usd.
every 5 points you earn you make 1 usd profit
To blow your account you would need to lose 100 points in one trade...

Now a person who allows themself to go in red more then 10 points to me are brainless. Well a scalper that is. Only because your allowing your one position to go in red 10% of eur-usd daily point range avg.... If anyone simply loads fibs with asia open to asia high/low before 6gmt you will clearly see what I am referring to. I...
  • #699,280
  • Sep 27, 2012 3:50pm Sep 27, 2012 3:50pm
Quoting StopGuessing
Oh come on mate. How about this. If FF mods say its ok. We can use teamviewer, and you can see me work live in action. No need to even type a word. You will see the trades live and direct.
How many people catch observe this S.G? I'd be interested in seeing this also
411 traders viewing now