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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

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EURUSD

  • #702,221
  • Oct 3, 2012 1:23pm Oct 3, 2012 1:23pm
Quoting Rag2RichesFX
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...
Would you say that you have an advantage with higher leverage because you can always buy more lots if the trade goes against you or goes in your favor? 2000:1 compared to 1000:1 means that your putting up 2x money from free margin to keep the position open. Although it would take more pips to lose to margin call you on low leverage, the fact is if you trade the way i do, (with pending orders to cover my stop losses) then high leverage is a must.
He who guess is LOST!
  • #702,222
  • Oct 3, 2012 1:23pm Oct 3, 2012 1:23pm
Quoting Wulfgar
I kinda want to live right on top of a volcano...

just for the thrill of it
This is the last image you would remember before dying

http://images.nationalgeographic.com...11_600x450.jpg
The Thief of Wall Street
  • #702,223
  • Oct 3, 2012 1:24pm Oct 3, 2012 1:24pm
Say I wanted to pick up the same lot size I entered if the price keeps droping. With lower leverage the pending order would never fill because I would need the price to drop much more in order to gain enough free margin from the profit to open a new order.
Attached Image (click to enlarge)
Click to Enlarge Name: riding profit.JPG Size: 133 KB
He who guess is LOST!
  • #702,224
  • Oct 3, 2012 1:24pm Oct 3, 2012 1:24pm
If bears can't break it, they're screwed..
  • #702,225
  • Oct 3, 2012 1:25pm Oct 3, 2012 1:25pm
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.
2000:1 OMG WOW What broker does that? US 50:1 at best.
  • #702,226
  • Oct 3, 2012 1:25pm Oct 3, 2012 1:25pm
Quoting chazzle
Barack Obama short 100m lots
Benny gave him the cash for it too

or was that the taxpayer?

i get so confused sometimes..
Be hopeful in a winning position, and fearful in a losing position.
  • #702,227
  • Oct 3, 2012 1:27pm Oct 3, 2012 1:27pm
WooooW Guyz you All Are Really Experienced In Trading Or Not But Your Thoughts Sounds Good .....

Am Not Learning How To Do Trading Am learning Your Thoughts And Ideas But I Dont Always Go That Way I Have A Style I Dont Catch A Style But Am Finding Way Which Will Be Good ....

From 100 to 10000 Its Possible If Am Having Patience But This Shit Market Wont Give Me That ....

Why Am Here For Learning ... Yes .... But No Always ... Am Here For The Guyz Who Give Me The Way SomeTimes (Atila, Mohan, Stopguessing, Kiwitrader,Rag2RichesFX,MaxDooM,tmirzi ...etc) They Are Good To Answers And Share Their Thought In Market Or Whatever ....
  • #702,228
  • Oct 3, 2012 1:27pm Oct 3, 2012 1:27pm
Quoting TRMZXT
2000:1 OMG WOW What broker does that? US 50:1 at best.
Try looking into BINARY OPTIONS. that like trading with 2000:1 leverage =p
He who guess is LOST!
  • #702,229
  • Oct 3, 2012 1:28pm Oct 3, 2012 1:28pm
Closed the position for 75 dollars profit. Cant stand this slow movement.
He who guess is LOST!
  • #702,230
  • Oct 3, 2012 1:29pm Oct 3, 2012 1:29pm
Quoting DifferTrader
WooooW Guyz you All Are Really Experienced In Trading Or Not But Your Thoughts Sounds Good .....

Am Not Learning How To Do Trading Am learning Your Thoughts And Ideas But I Dont Always Go That Way I Have A Style I Dont Catch A Style But Am Finding Way Which Will Be Good ....

From 100 to 10000 Its Possible If Am Having Patience But This Shit Market Wont Give Me That ....

Why Am Here For Learning ... Yes .... But No Always ... Am Here For The Guyz Who Give Me The Way SomeTimes (Atila, Mohan, Stopguessing, Kiwitrader,Rag2RichesFX,MaxDooM,tmirzi...
He who guess is LOST!
  • #702,231
  • Oct 3, 2012 1:30pm Oct 3, 2012 1:30pm
Quoting Chicky
This is the last image you would remember before dying

http://images.nationalgeographic.com...11_600x450.jpg
id be like Woody harrelson in 2012

http://25.media.tumblr.com/tumblr_ma...8tfo4_1280.jpg
  • #702,232
  • Oct 3, 2012 1:30pm Oct 3, 2012 1:30pm
Quoting attila
If bears can't break it, they're screwed..
Yea, it would be London close trap then.

Pretty interesting then because pair did not break and hourly close above yesterday London close.

And yet, it could not reach the low, set in Asia session.

Sucky range....
They think they are smarter than I am.
  • #702,233
  • Oct 3, 2012 1:32pm Oct 3, 2012 1:32pm
Quoting Wulfgar
id be like Woody harrelson in 2012

http://25.media.tumblr.com/tumblr_ma...8tfo4_1280.jpg
hahahah
Be hopeful in a winning position, and fearful in a losing position.
  • #702,234
  • Oct 3, 2012 1:33pm Oct 3, 2012 1:33pm
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.
How does change in spread affect a trader who is highly leveraged?
The Thief of Wall Street
  • #702,235
  • Oct 3, 2012 1:33pm Oct 3, 2012 1:33pm
So far this has been a very good day.
Attached Image (click to enlarge)
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He who guess is LOST!
  • #702,236
  • Oct 3, 2012 1:35pm Oct 3, 2012 1:35pm
Quoting StopGuessing
Try looking into BINARY OPTIONS. that like trading with 2000:1 leverage =p

yeah but I am talking basic Forex trading. I have only seen 200:1 and sometimes 400:1 from Non US. How are you trading 2000:1 to one normal Forex? Little Confused.
  • #702,237
  • Oct 3, 2012 1:35pm Oct 3, 2012 1:35pm
Quoting StopGuessing
So far this has been a very good day.
Nice...
  • #702,238
  • Oct 3, 2012 1:40pm Oct 3, 2012 1:40pm
Quoting Wulfgar
id be like Woody harrelson in 2012
I have visited at least three villages where people live in dead volcanoes. In Indonesia, Ethiopia and Congo. The rain water stored in the hollow shell of the volcano becomes a lake and water source. But nothing grows in soil. You have to laydown two to three feet of soil to grow anything there. The volcano in Goma (Congo) eruped the next day I left.
The Thief of Wall Street
  • #702,239
  • Oct 3, 2012 1:42pm Oct 3, 2012 1:42pm
Quoting Z3iz3i
Yea, it would be London close trap then.

Pretty interesting then because pair did not break and hourly close above yesterday London close.

And yet, it could not reach the low, set in Asia session.

Sucky range....
yeah, they came in with LHs but no avail.. We'll have to wait for Tokyo.. they know what they're doing... Thank you NY for another stellar session.. I wish they'll wake up tomorrow with no balls..
  • #702,240
  • Oct 3, 2012 1:44pm Oct 3, 2012 1:44pm
Quoting Chicky
How does change in spread affect a trader who is highly leveraged?
Well it plays a big role. Here is what I tell everyone.

Say your using 2000:1 leverage

The following is the max amount of points your position can go into red before the broker automatically closes the position (Margin call) Points is with the spread included


100% equity = 6 point loss
50% equity = 12 point loss
25% equity = 18 point loss
10% equity = 60 point loss

Now say you go crazy and go ALL IN on a long position 1 min before say NFP news release. Almost certain the spread of eur.usd will go from .00009 to .0006 points. Even for one second. That would mean your position would margin call, only because of the spread.
What happened to me once was the following. I traded gbp/usd because I found a very strong trend. I turned 20 dollars into 2500 in about 2 weeks. I then decided to HEDGE my order before a news release. So basically a buy order for 2k dollars and a sell order for 2k dollars. Yet 1 min before the news, the spread on gbp/usd became 26 points. That then MARGIN CALLED both hedged orders. I blew 2500 dollars in less then 1 min. That was also the last time I ever traded gbp/usd Now had a I hedged the position with say 400:1 leverage, i would not of margin called at all.
So as you can see you run the chance of blowing an account if you use HIGH EQUITY with HIGH LEVERAGE during news release times Yet on eur.usd the only time the spread gets wide is during NFP.

Look at the following youtube video, and look how the spread jumps right before the NFP news is released.http://www.youtube.com/watch?v=y-5ylDwhtss
He who guess is LOST!
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