Nothing new here. Until they actually take action on this jawboning, we won't see a crazy, huge spike. But I'm sure we'll continue to grind higher regardless.
Ghost Rider - WWTBMD?
Geppy's Geppy Thread (GBP/JPY)
- #3,061
- Mar 24, 2013 9:24pm Mar 24, 2013 9:24pm
- Joined Mar 2009 | Status: Trader | 25,480 Posts
- #3,063
- Mar 24, 2013 9:57pm Mar 24, 2013 9:57pm
- Joined Mar 2009 | Status: Trader | 25,480 Posts
It sounds like the size of your account is limiting your options for trading styles. Well... it's actually not the size of your account, but rather your broker's minimum order size.
Have you thought of moving to Oanda? They let your trade ANY size. That means you wouldn't be bound to trading "micro" lots but could trade even smaller sizes than that.
It sure would free you up to trade the way you want to trade.
Just a thought, but I see your dilemma and it seems moving to Oanda is a logical thing to do for ya.
It also seems that because...
As it stands I can trade down to a .01 lot. So roughly 10 cents/pip. So yes, it does make doing this a challenge and I have to be very careful about entry and drawdown. I want to prove to myself I can build this up without blowing it. End of this month will be 4 months and it's up 520% so, at least so far, I'm doing ok.
But you're right bro, it is definitely trying my patience which, is also a good thing.
But then hey, when I started this, I could only place one position so things are looking up! LOLAs of now, it looks like 50ish is holding well.
Ghost Rider - WWTBMD?
- #3,064
- Mar 24, 2013 10:04pm Mar 24, 2013 10:04pm
- Joined Sep 2007 | Status: Trader | 6,871 Posts
That's the "test" I'm putting myself through. Trying to take a $100 standard account and build it up on the BEAST. I could switch this account to a mini or micro but....what's the challenge there? LOL So I've chosen the toughest pair, with the toughest setup to see how I do.
As it stands I can trade down to a .01 lot. So roughly 10 cents/pip. So yes, it does make doing this a challenge and I have to be very careful about entry and drawdown. I want to prove to myself I can build this up without blowing it. End of this month will be 4 months...
I wouldn't worry too much about challenging yourself. Trading itself is a challenge enough. Turn your account into a few million bucks and then worry about giving yourself a challenge
check out my blog: forexmademillionaire dot com
- #3,065
- Mar 24, 2013 10:07pm Mar 24, 2013 10:07pm
- Joined Sep 2007 | Status: Trader | 6,871 Posts
This 4h chart speak volumes to me. Once we break the pink resistance line, this baby could easily fly to the top of the channel (that's where my TP is... well, just below that)
check out my blog: forexmademillionaire dot com
- #3,066
- Mar 24, 2013 10:15pm Mar 24, 2013 10:15pm
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Ahh, I see.
I wouldn't worry too much about challenging yourself. Trading itself is a challenge enough. Turn your account into a few million bucks and then worry about giving yourself a challenge
Then I'd buy me a motor home, a trailer for the Harley, cruise the country and
Ghost Rider - WWTBMD?
- #3,068
- Mar 24, 2013 11:24pm Mar 24, 2013 11:24pm
- Joined Sep 2007 | Status: Trader | 6,871 Posts
check out my blog: forexmademillionaire dot com
- #3,070
- Edited 12:22am Mar 25, 2013 12:05am | Edited 12:22am
- Joined Sep 2010 | Status: MR. NOBODY | 3,042 Posts
- #3,072
- Mar 25, 2013 1:26am Mar 25, 2013 1:26am
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
New voice message: Why are you calling me? If I need you, I'll call you!
- #3,073
- Mar 25, 2013 1:29am Mar 25, 2013 1:29am
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
New voice message: Why are you calling me? If I need you, I'll call you!
- #3,075
- Mar 25, 2013 3:35am Mar 25, 2013 3:35am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
It's early in the week and I still see a potential for 144 at least to get in long. I don't buy Cypruss being "solved" yet. I may be wrong but if so, I can always jump on board northbound when she leaves.
Ghost Rider - WWTBMD?
- #3,076
- Mar 25, 2013 5:45am Mar 25, 2013 5:45am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
first long 143.92
Ghost Rider - WWTBMD?
- #3,077
- Mar 25, 2013 5:51am Mar 25, 2013 5:51am
first long 143.92
This pa drives me nuts though. Picked up another long at 143.91. Small as I'm getting to the oh shit place again with my magin. Trying not to have a repeat of last week's mistakes.
- #3,080
- Mar 25, 2013 6:06am Mar 25, 2013 6:06am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Wow! That short you took paid off! Totally impressed by those guys who can trade in both directions like that. Awesome place for the long too, you called it.
This pa drives me nuts though. Picked up another long at 143.91. Small as I'm getting to the oh shit place again with my magin. Trying not to have a repeat of last week's mistakes.
That short "would have" paid off had I kept it but after getting out with a 5 pip loss I was so exhausted last night I fell asleep...LOL
Yes I saw it's potential, but obviously didn't keep the "faith" in what I saw. No matter, it all works out in the end.
Not expecting too much from this long but we'll see.
Ghost Rider - WWTBMD?