DislikedOk... for those of you that disagree with my trade and live in ny... I'm buying one of you dinner if she closes above 144Ignored
Trade at your own risk.
- #1,961
- Mar 8, 2013 9:13am Mar 8, 2013 9:13am
- | Membership Revoked | Joined Feb 2013 | 1,022 Posts
Trade at your own risk.
- #1,962
- Mar 8, 2013 9:16am Mar 8, 2013 9:16am
- | Membership Revoked | Joined Feb 2013 | 1,022 Posts
If I was trading full time I would of made a killing on that nfp newsgod damn job...
Of course buying this big saleand close above 144..
I think they will sell now.
Trade at your own risk.
- #1,963
- Mar 8, 2013 9:21am Mar 8, 2013 9:21am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Ok... for those of you that disagree with my trade and live in ny... I'm buying one of you dinner if she closes above 144
...lolI'll be happy enough if it hits around 143ish for another long whether it closes above 144 or not.
Ghost Rider - WWTBMD?
- #1,964
- Mar 8, 2013 9:22am Mar 8, 2013 9:22am
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
That's good advice bro and I appreciate it.
The "hard" stop was actually 150 but I only set them as an emergency stop in case I loose power or something. I have mental stops I adhear to and would close at but, I know a 100 pip swing on the dragon is nothing especially during NFP.
That said, I have many other reasons I was looking for a pullback to the 143/142.90 area to load longs so I was pretty sure I'd pull a few off that short. Playing quick bounces both ways is the way I'm used to trading. Due to things at home I'm "trying" to...
- #1,965
- Mar 8, 2013 9:29am Mar 8, 2013 9:29am
- | Commercial User | Joined Mar 2012 | 1,978 Posts
Yeah but as long as you're covering along the way it ain't a bad way to go. Did you take 50% and cover the other day as we talked about?
Must be tickled with your UJ now hitting 96
I did cut half yes and got rid of my stop... Using mental as I usually do.
And Uj I didnt cut any yet, not until we are at 100
Any selling now is profit taking for the weekend. I know a few speculators calling for 150-200 over the next couple years
Want the lifestyle of the top traders in the world? TAKE RISK.
- #1,966
- Mar 8, 2013 9:30am Mar 8, 2013 9:30am
- | Commercial User | Joined Mar 2012 | 1,978 Posts
Want the lifestyle of the top traders in the world? TAKE RISK.
- #1,967
- Mar 8, 2013 9:31am Mar 8, 2013 9:31am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Ghost Rider - WWTBMD?
- #1,968
- Mar 8, 2013 9:34am Mar 8, 2013 9:34am
- | Commercial User | Joined Mar 2012 | 1,978 Posts
Understood. And had I not been running around getting ready to leave soon, I'd have held that short even longer and had 60 or so (so far). But you can't (well I can't) properly gauge RR on what I KNOW will be a spike trade. More a matter of feel for me.
I knew during the rapid up and down I could have gotten out several times for maybe a 30 pip loss. So if you want to look at it that way, risking 30 to get 22 (or the 60 I could have had) isn't too bad.
I get this a lot actually. I'm not a "mechanical" trader as most are. For me it's PA,...
I also use line charts with horizontal lines and fundamentals as well. More investor style than trader
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- #1,969
- Mar 8, 2013 9:35am Mar 8, 2013 9:35am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
I did cut half yes and got rid of my stop... Using mental as I usually do.
And Uj I didnt cut any yet, not until we are at 100
Any selling now is profit taking for the weekend. I know a few speculators calling for 150-200 over the next couple years
Years??? I could never do it unless I had at least a few hundred grand in the account and it was worth the wait.
Ghost Rider - WWTBMD?
- #1,970
- Mar 8, 2013 9:39am Mar 8, 2013 9:39am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
S R , gut feeling and PA, stop stealing my strategy! Hahah
I also use line charts with horizontal lines and fundamentals as well. More investor style than trader
You've seen my charts. I'll use fibs, horizontals and occassionally TL's as well. Don't know nothing bout no funny mentals though...
In fact I was going to ask you the other day why good news for the US meant higher for GJ? Does it cause the yen to fall or something?
Ghost Rider - WWTBMD?
- #1,972
- Mar 8, 2013 9:41am Mar 8, 2013 9:41am
- | Commercial User | Joined Mar 2012 | 1,978 Posts
Years??? I could never do it unless I had at least a few hundred grand in the account and it was worth the wait.
If you position correctly you will have a few hundred grand in a few years
I tried"trading" my mini account and lost almost all... I over analyze everything and always have a million different ideas running thru my head. Not the personality to be trading lol... I respect those that can trade, greatly Say you make 50 trades a week with an avg 3 pip spread and standard lot, thats $1500 in the hole already.
Want the lifestyle of the top traders in the world? TAKE RISK.
- #1,973
- Mar 8, 2013 9:53am Mar 8, 2013 9:53am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
If you position correctly you will have a few hundred grand in a few years
Say you make 50 trades a week with an avg 3 pip spread and standard lot, thats $1500 in the hole already.
50 trades a week??
That would drive me crazy!! I'll average from 1 to 6 or so over several pairs usually. Like you, I also over analyze hence cutting my last week longs from 139.58 and slightly above WAY too soon this week.....
Ghost Rider - WWTBMD?
- #1,974
- Mar 8, 2013 9:55am Mar 8, 2013 9:55am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
sorry...
Have a great day everyone! See ya next week.
Ghost Rider - WWTBMD?
- #1,975
- Mar 8, 2013 9:56am Mar 8, 2013 9:56am
- Joined Sep 2007 | Status: Trader | 6,871 Posts
If you position correctly you will have a few hundred grand in a few years
Say you make 50 trades a week with an avg 3 pip spread and standard lot, thats $1500 in the hole already.
Oh well, it's a zero sum game so I shouldn't be complaining
I do pretty well trading in and out of the market. My "ring" account is up from $2k starting on Feb. 19th to now $6k today. It's hard to make gains like that just standing pat.
Where I get myself in trouble is trying to make pips against the trend. It seems every time I start getting confident about shorting peaks (rather than just waiting for pullbacks) is when I get burned. So I'm trying to be more conscious of holding back when I'm itching to make those types of trades.
check out my blog: forexmademillionaire dot com
- #1,976
- Mar 8, 2013 10:01am Mar 8, 2013 10:01am
- | Commercial User | Joined Mar 2012 | 1,978 Posts
Can't say I agree with the whole "money in the hole" type thing... if you're making a fair number of pips per trade, it really doesn't matter. Different styles, that's all. The one thing I'll never understand is risking more than your target. Very few people can do this and be successful. They are the ones with a consistently high win rate and there are far fewer of these folks on FF than the number trading this way.
Oh well, it's a zero sum game so I shouldn't be complaining
I do pretty well trading in and out of the market. My "ring"...
Very well put, bro. You tripled your 2k account which is bad ass haha! Just different views and styles.. Theres all different types of traders/investors. Whatever works for you is all that matters
Want the lifestyle of the top traders in the world? TAKE RISK.
- #1,977
- Mar 8, 2013 10:03am Mar 8, 2013 10:03am
- Joined Sep 2007 | Status: Trader | 6,871 Posts
Very well put, bro. You tripled your 2k account which is bad ass haha! Just different views and styles.. Theres all different types of traders/investors. Whatever works for you is all that matters
Anyway, the goal is to get it to $12k by the end of the month, and $50k by the end of May. Then cash some out, buy the ring, and see how far up I can run her
check out my blog: forexmademillionaire dot com
- #1,978
- Mar 8, 2013 10:07am Mar 8, 2013 10:07am
- | Commercial User | Joined Mar 2012 | 1,978 Posts
I would be doing better too, but took some losses yesterday trying to short against the trend. Dumb.
Anyway, the goal is to get it to $12k by the end of the month, and $50k by the end of May. Then cash some out, buy the ring, and see how far up I can run her
Best of luck to you! I started with $3k in december and at $5,080 at the moment. Time to up risk and size.. Between working overtime this whole year and saving and investing I hope to have enough at the end of the year to invest for a living
Want the lifestyle of the top traders in the world? TAKE RISK.
- #1,979
- Mar 8, 2013 10:13am Mar 8, 2013 10:13am
- Joined Sep 2007 | Status: Trader | 6,871 Posts
Best of luck to you! I started with $3k in december and at $5,080 at the moment. Time to up risk and size.. Between working overtime this whole year and saving and investing I hope to have enough at the end of the year to invest for a living
The gf and I are house hunting here in SF (not cheap, ugh). After the ring, I'd like to see if I can't keep running the account up to just pay it off in a year or two.
It truly is amazing how much dough you can make in this game. Last year I ran a $5k account up to $50k in something like 6 weeks. Sure, you can't make gains like that without upping your risk tolerance, but if you've got the discipline to not get crazy, it's very doable.
check out my blog: forexmademillionaire dot com
- #1,980
- Mar 8, 2013 10:22am Mar 8, 2013 10:22am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Wow...you guys are doing better than me for sure. 
I started with $100 Dec 1st and have $489 now. It's a personal test for me as with a standard account, I had to start out very carefully...lol
Hoping to have 5k by mid summer but things here don't allow me to focus too well right now.
I started with $100 Dec 1st and have $489 now. It's a personal test for me as with a standard account, I had to start out very carefully...lol
Hoping to have 5k by mid summer but things here don't allow me to focus too well right now.
Ghost Rider - WWTBMD?