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  • #702,201
  • Oct 3, 2012 1:06pm Oct 3, 2012 1:06pm
Quoting Rag2RichesFX
No way going to mess with this right now..
You know what's happening....

Big trader is scratching roof, trying to push through London close at 07/08.

Lots of retails or small accounts are shorts exactly there.

Will see how it goes.

Range is 1.2898 - 1.2908.
They think they are smarter than I am.
  • #702,202
  • Oct 3, 2012 1:06pm Oct 3, 2012 1:06pm
Quoting attila
Maybe.. that excel spread sheet we all had at one point never worked for me..
You have to win more than 50% of the time, with your winning days at least double your losing..

Also, risking more than 5% a day wont work. 2.5% is what I do with my small high leverage account. Winning days see 10%...

2.5% can handle 10 losing days in a row.. (especially if the account is already up 400% or whatever)

Just the way I see it, I agree you should never trade money you cannot afford to lose, way too much stress involved, which is one reason why I trade small accounts with high leverage

(on a mental cash basis i still will never risk more than 0.25% of the money i can "afford to lose" per day)
Be hopeful in a winning position, and fearful in a losing position.
  • #702,203
  • Oct 3, 2012 1:07pm Oct 3, 2012 1:07pm
Quoting attila
How's going wulf? how's cali?
Livin large and laughing easy my friend...

Im actually planning to relocate to hawaii soon.... So just getting things in order for that to happen....

Lookin forward to the change of scenery( not that cali is bad or anything)

How have you been my friend?
  • #702,204
  • Oct 3, 2012 1:08pm Oct 3, 2012 1:08pm
Looks like last run will be up... I hope it goes down. I am still short.
He who guess is LOST!
  • #702,205
  • Oct 3, 2012 1:08pm Oct 3, 2012 1:08pm
Quoting Z3iz3i
You know what's happening....

Big trader is scratching roof, trying to push through London close at 07/08.

Lots of retails or small accounts are shorts exactly there.

Will see how it goes.

Range is 1.2898 - 1.2908.

yes true.. above there is at least 10 pips of open space
Be hopeful in a winning position, and fearful in a losing position.
  • #702,206
  • Oct 3, 2012 1:09pm Oct 3, 2012 1:09pm
Quoting StopGuessing
Agreed. I think what you deposit is what you inturn earn. Since I have been here, I have yet to have over 5k in my account. Only because I withdraw daily. Yet if I deposited 5k, you best believe I would be earning around the same amount daily. Some of us treat forex as extra income (INVESTORS) while others treat it as their only source of income (ME) I really think once you find your niche this will seem like a cake walk. Until then, it will seem like a 50 50 shot of winning.
what is your leverage?
  • #702,207
  • Oct 3, 2012 1:09pm Oct 3, 2012 1:09pm
Quoting mactrader9
you are nearly always right but 10 year screentime is more then enough to start making dreams come true

ps how do you know ...
Really? I have been trading on-line since 1998, that is little more than 10 years of screen time.................... does it make me entitled to sleep with Jennifer Lawrence?
The Thief of Wall Street
  • #702,208
  • Oct 3, 2012 1:11pm Oct 3, 2012 1:11pm
Quoting Chicky
Really? I have been trading on-line since 1998, that is little more than 10 years of screen time.................... does it make me entitled to sleep with Jennifer Lawrence?

You already did and you know it....
  • #702,209
  • Oct 3, 2012 1:11pm Oct 3, 2012 1:11pm
Quoting Chicky
Really? I have been trading on-line since 1998, that is little more than 10 years of screen time.................... does it make me entitled to sleep with Jennifer Lawrence?
Like I said you are nearly always right the rest ia all up to You Trader
  • #702,210
  • Oct 3, 2012 1:12pm Oct 3, 2012 1:12pm
Quoting Wulfgar
Livin large and laughing easy my friend...

Im actually planning to relocate to hawaii soon.... So just getting things in order for that to happen....

Lookin forward to the change of scenery( not that cali is bad or anything)

How have you been my friend?

Good for you man.. I'll have someone to park at when there.. Just make sure you know all the volcano escape routes..
  • #702,211
  • Oct 3, 2012 1:13pm Oct 3, 2012 1:13pm
Quoting mactrader9
Like I said you are nearly always right the rest ia all up to You Trader
The reason i not post daily is this

I am not a writer I am a Trader/Michael Jackson
  • #702,212
  • Oct 3, 2012 1:14pm Oct 3, 2012 1:14pm
Quoting attila
Good for you man.. I'll have someone to park at when there.. Just make sure you know all the volcano escape routes..

I kinda want to live right on top of a volcano...

just for the thrill of it
  • #702,213
  • Oct 3, 2012 1:14pm Oct 3, 2012 1:14pm
Quoting Rag2RichesFX
You have to win more than 50% of the time, with your winning days at least double your losing..

Also, risking more than 5% a day wont work. 2.5% is what I do with my small high leverage account. Winning days see 10%...

2.5% can handle 10 losing days in a row.. (especially if the account is already up 400% or whatever)

Just the way I see it, I agree you should never trade money you cannot afford to lose, way too much stress involved, which is one reason why I trade small accounts with high leverage

on a mental cash basis i still will never risk more than 0.25% of the money i can "afford to lose" in one day.
just different strokes for different folks i guess

mentally i cant handle seeing small % gains in a large account.. dont know why. but i like seeing big % gains in a small account (ultimately knowing that the % is the same)

perhaps it just feels like there is more temptation to over leverage with a big account, with small account that temptation is impossible (on a mental cash basis).. i think that is why i prefer it so much.
Be hopeful in a winning position, and fearful in a losing position.
  • #702,214
  • Oct 3, 2012 1:15pm Oct 3, 2012 1:15pm
Quoting TRMZXT
what is your leverage?
2000:1 Yet leverage isnt the most important thing when scalping. Its focusing on your entry. Remember the higher the leverage, the more advantage you have. Only because you can use free margin to open another position if need be. Low leverage on the other hand requires more money compared to high leverage to make the same amount of dollars per point.
He who guess is LOST!
  • #702,215
  • Oct 3, 2012 1:15pm Oct 3, 2012 1:15pm
Quoting koliva
Is there anybody following the USOIL? Can you share your opinions about it?
Barack Obama short 100m lots
  • #702,216
  • Oct 3, 2012 1:16pm Oct 3, 2012 1:16pm
Quoting Wulfgar
Livin large and laughing easy my friend...

Im actually planning to relocate to hawaii soon.... So just getting things in order for that to happen....

Lookin forward to the change of scenery( not that cali is bad or anything)

How have you been my friend?
  • #702,217
  • Oct 3, 2012 1:17pm Oct 3, 2012 1:17pm
Quoting Wulfgar
I kinda want to live right on top of a volcano...

just for the thrill of it
Haha.. good man..
  • #702,218
  • Oct 3, 2012 1:20pm Oct 3, 2012 1:20pm
Quoting StopGuessing
2000:1 Yet leverage isnt the most important thing when scalping. Its focusing on your entry. Remember the higher the leverage, the more advantage you have. Only because you can use free margin to open another position if need be. Low leverage on the other hand requires more money compared to high leverage to make the same amount of dollars per point.
you also lose the same per point.. there is no advantage to leverage except for profitability if you can manage to not lose...

i think you need to understand that when i say i trade high leverage, i only do it with small accounts, there is no advantage in risking 5 or 10% of your total cash on one trade.. thats suicide. but when using small accounts and running them up, its 100% profit, so there is no risk to "cash one can afford to lose while trading". because thats cash you never had to begin with.

if i was to lose all the profit i had ever made, i would start over still only risk 0.25% of my total cash i have to risk on trading.... because thats mentally what i can handle losing and what i would consider proper MM that will allow me to continue trading for years...
Be hopeful in a winning position, and fearful in a losing position.
  • #702,219
  • Oct 3, 2012 1:20pm Oct 3, 2012 1:20pm
1.2895 is a very key price for shorters. If we close under that we should free fall a bit more. Although I think we have one more run left, it should either be to the main pivot or the middle pivot. Not much more then that.
He who guess is LOST!
  • #702,220
  • Oct 3, 2012 1:22pm Oct 3, 2012 1:22pm
Quoting attila
Haha.. good man..
you still trading FX brother or have you jumped into equities and futures?
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