I PM d him a few days ago. He is busy I guess...
- #770,401
- Mar 12, 2013 9:06am Mar 12, 2013 9:06am
- | Joined Nov 2012 | Status: Trader | 1,397 Posts
- #770,402
- Mar 12, 2013 9:09am Mar 12, 2013 9:09am
- Joined Jan 2012 | Status: Is still the ginger ninja | 2,495 Posts
All fun and games till somebody loses money 
We miss 100% of the shots we don't take
- #770,404
- Mar 12, 2013 9:10am Mar 12, 2013 9:10am
- | Joined Oct 2011 | Status: In your head, eating your brain | 2,562 Posts
- #770,405
- Mar 12, 2013 9:11am Mar 12, 2013 9:11am
- | Joined Feb 2013 | Status: Trader | 1,361 Posts
it is only forecast bro. it can be higher.
- #770,406
- Mar 12, 2013 9:12am Mar 12, 2013 9:12am
- | Joined Feb 2013 | Status: Trader | 1,361 Posts
Friendly advice...if 37pips increase your account by 25% you won't be around for long 'cause you'll blow your account and that's 100% guaranteed
- #770,407
- Mar 12, 2013 9:15am Mar 12, 2013 9:15am
- | Commercial User | Joined Mar 2007 | 2,287 Posts
All fun and games till somebody loses money
Why should u feel the way u do
It's only money and that is all
But it's so hard trading it
- #770,410
- Mar 12, 2013 9:16am Mar 12, 2013 9:16am
- | Membership Revoked | Joined Aug 2012 | 8,502 Posts
- #770,411
- Mar 12, 2013 9:20am Mar 12, 2013 9:20am
- | Joined Oct 2011 | Status: In your head, eating your brain | 2,562 Posts
thanks for your advice mr ninja
And example of this is hotel developers using 90%+ LTVs...not realizing that as soon as the market has a hick-up they're broke. The same applies to forex. If a 37pip gain means you win 25%, it also means you'll lose 25% when it goes the other way...and eventually it will. That's 1/4 of your account, so if it happens 4 times in a row (everyone who trades had 4 losers in a row at one point) you blow your account. Even worse, after losing 25% it will take you more than a 25% gain to make up for the initial loss.
Slow & steady > crazy leverage and greed.
I know it's not always easy. For example, when I started I to trade live after demoing for months my first account was just $1k...so using sensible risk management that meant that even good days were cheeseburger stakes. Not easy if you make a ton more in your day job, and you're constantly tempted to overleverage to make those winners count...but that's a bad approach. Patience, discipline and proper risk management are absolutely key if you are it for the long term
- #770,413
- Mar 12, 2013 9:23am Mar 12, 2013 9:23am
- Joined Apr 2012 | Status: Trader | 1,054 Posts
I'm long from 1.2980 with possible target of 1.3400.
Yep..I took the long entry on Friday. Check my posts. I'm not saying 3400 will be reached in this week or next week. But price will reach there accordingly. Just give it some time. May be a month time.
hmmm... give it some more time.
AU is looking too sexy.
When Scalpers win, I lose and Vice varsa...
- #770,414
- Mar 12, 2013 9:27am Mar 12, 2013 9:27am
- Joined Nov 2012 | Status: Trader | 1,449 Posts
thanks for your advice mr ninja
leoone lesson 1. price want to break a level and it bounce some. and try again same level. if we look attentively price go higher that level and same time MACD has lower high. in other words negative divergence. you must follow MACD lower high that is nearly "0" macd level. and you can push order button.
Like this.
- #770,415
- Mar 12, 2013 9:31am Mar 12, 2013 9:31am
- Joined Nov 2012 | Status: Trader | 1,449 Posts
leoone lesson 1. price want to break a level and it bounce some. and try again same level. if we look attentively price go higher that level and same time MACD has lower high. in other words negative divergence. you must follow MACD lower high that is nearly "0" macd level. and you can push order button.
Like this.
Attachment
live example. and like this.
- #770,416
- Mar 12, 2013 9:32am Mar 12, 2013 9:32am
- | Joined Feb 2013 | Status: Trader | 1,361 Posts
I never blew an account (yet) because I analyzed risk the same way I do it for my real estate day job...but one thing I learned early at uni (and by looking at hundreds of hotel projects) is that GREED is the enemy of a good investor. It might go ok today, maybe tomorrow too...but eventually greed will bite your head off.
And example of this is hotel developers using 90%+ LTVs...not realizing that as soon as the market has a hick-up they're broke. The same applies to forex. If a 37pip gain means you win 25%, it also means you'll lose 25% when...
thank you mr ninja...i do have a good learning from you today
- #770,417
- Mar 12, 2013 9:32am Mar 12, 2013 9:32am
- Joined Aug 2008 | Status: Fear makes us see who we really are | 4,822 Posts
They think they are smarter than I am.
- #770,418
- Mar 12, 2013 9:33am Mar 12, 2013 9:33am
- | Membership Revoked | Joined Aug 2012 | 8,502 Posts
Pair will range at intraday top until Swissy makes up its mind.
usdchf and eurchf are consolidating together and likely there will be another nice move yet today.
Call me crazy but I do...
- #770,420
- Mar 12, 2013 9:36am Mar 12, 2013 9:36am
- | Joined Feb 2013 | Status: Crazy Scalper | 1,576 Posts
Friendly advice...if 37pips increase your account by 25% you won't be around for long 'cause you'll blow your account and that's 100% guaranteed
for me, i dont have problem with money management. but i still got problem with my trading strategies. ie, my SL is more than my TP so many times. my strategies has accuracy for about 67 percent currently. for example i've done long @1.3005 SL 1.2950 Tp 1.3035. which means if i lose 55 pips and if i win only 30 pips. is that OK?
my consideration is 1.2950 is a strong support and 1.3035 is slightly resistant. any suggestion? coz i did it so many times
Everything in the world has its own rhytms