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  • #4,941
  • Apr 10, 2013 5:17pm Apr 10, 2013 5:17pm
Quoting Pip Anon
I think the last thing we need is 250:1 leverage on the beast. Sure would not a big account to handle the volatility
I sure don't. 50:1 is plenty for me. When the account is large enough, I'll probably go 10:1
Ghost Rider - WWTBMD?
  • #4,942
  • Apr 10, 2013 5:26pm Apr 10, 2013 5:26pm
Quoting albchr
I sure don't. 50:1 is plenty for me. When the account is large enough, I'll probably go 10:1
Lol, I have seen traders that use 3:1 or even 1:1. And I've seen traders with a $10 acct. with 500:1. I think that is more gambling than anything because they think if they lose $10 no big deal
When the facts change I change my mind, what do you do sir
  • #4,943
  • Apr 10, 2013 5:28pm Apr 10, 2013 5:28pm
Quoting Fx3423454
I never stated how I would leverage my account. That was not even discussed. Therefore, your statement is not "a matter of fact". I did not say how I would use the leverage, my posts were about margin requirements. Go back and read the posts again before you quote somebody. I am pretty sure I did not post my trading plan.
"We are here from the government and we are here to help you. We need to regulate every aspect of your life for your own good. You obviously do not know how to properly handle your own affairs and we will keep you safe."
Illegitimi Non Carborundum
  • #4,944
  • Apr 10, 2013 5:35pm Apr 10, 2013 5:35pm
Quoting Fx3423454
It's all good. To each their own. I know all about the herd mentality. Originally, I only posted for some info, but then I found the UK website for FXCM. This is a very American thread because FF is in Florida. If it was not an American thread I would not have gotten such herd mentality American responses. Thanks and good luck to all.
You need a math course?
I get a leverage of 1:49.9985 for GJ in my Oanda account.
When you stated 1:36 or so you probably forget to count in dollars.

50.000 units GJ is a $ exposure of $76.625 at this moment with GJ = 152.95

Not that I would ever use that kind of leverage on my total account.
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  • #4,945
  • Apr 10, 2013 5:47pm Apr 10, 2013 5:47pm
Sure would like to see a daily close over 153
Ghost Rider - WWTBMD?
  • #4,946
  • Apr 10, 2013 8:20pm Apr 10, 2013 8:20pm
Quoting albchr
Sure would like to see a daily close over 153
didn't know you was from NJ, i was born and raise in East Orange, NJ
  • #4,947
  • Apr 10, 2013 8:26pm Apr 10, 2013 8:26pm
Quoting albchr
Sure would like to see a daily close over 153
Tomorrow?

Only if I look at the MACD on the 4 hr chart I see a bearish divergence and that worries me, or actually it doesn't worry me because I'm flat for the moment.
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  • #4,948
  • Apr 10, 2013 8:27pm Apr 10, 2013 8:27pm
What's with all this talk about leverage? You want to trade larger size, deposit more $$ into your account. It's literally as simple as that.
  • #4,949
  • Apr 10, 2013 8:32pm Apr 10, 2013 8:32pm
Quoting KillerWhale
Typical noob talk
agreed 100%
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  • #4,950
  • Apr 10, 2013 8:35pm Apr 10, 2013 8:35pm
Looks like a good day overall today, all. I was out most of the day celebrating the gf's bday. Good times!

But a pierce of 153 and constant pressure to the upside... I feel like it's my birthday

The best news is that it's only Wednesday and we have 2 more trading days this week. I'm still holding my longs and I have no idea when I'll be letting them go. It'll probably be when my paper profits are to the point where it makes me uncomfortable.

Off to dinner with the gf now, see you all later tonight if you're around.
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  • #4,951
  • Apr 10, 2013 9:21pm Apr 10, 2013 9:21pm
Quoting Geppy
Looks like a good day overall today, all. I was out most of the day celebrating the gf's bday. Good times! But a pierce of 153 and constant pressure to the upside... I feel like it's my birthday The best news is that it's only Wednesday and we have 2 more trading days this week. I'm still holding my longs and I have no idea when I'll be letting them go. It'll probably be when my paper profits are to the point where it makes me uncomfortable. Off to dinner with the gf now, see you all later tonight if you're around.
So what do you think of the bearish divergence on the 4 hour?
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  • #4,952
  • Apr 10, 2013 9:46pm Apr 10, 2013 9:46pm
Started buying again, @ 152.48 and a pending order @ 152.00
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  • #4,953
  • Apr 10, 2013 9:50pm Apr 10, 2013 9:50pm
Counter Trade-Good Luck- Tight SL
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  • #4,954
  • Apr 10, 2013 9:53pm Apr 10, 2013 9:53pm
i am probably redundant, but here it is -

practically, the classic divergence is actually a trending sign. i know, everybody says that divergences = the trend is weaker,and i believed it until some time ago until i realized how oscillators are behaving. just pick a trend, any trend, and look at any oscillator... they all give classic divergences during a trend, simply because that's how they are built.

the trick is to trade hidden divergences... for instance, if the trend is up, we will keep seeing classic bearish divergences (on trend advance) AND hidden bullish divergences (on pullbacks). how can you know the trend changed? simple: in a down trend, you must see classic bullish divergences AND hidden bearish divergences.

long story short: go short when you see the first hidden bearish divergence - because that's the first pullback of a DOWNtrend.

Quoting KillerWhale
So what do you think of the bearish divergence on the 4 hour?
Nihil Sine Deo.
  • #4,955
  • Apr 10, 2013 9:59pm Apr 10, 2013 9:59pm
Quoting Scrat
i am probably redundant, but here it is - practically, the classic divergence is actually a trending sign. i know, everybody says that divergences = the trend is weaker,and i believed it until some time ago until i realized how oscillators are behaving. just pick a trend, any trend, and look at any oscillator... they all give classic divergences during a trend, simply because that's how they are built. the trick is to trade hidden divergences... for instance, if the trend is up, we will keep seeing classic bearish divergences (on trend advance)...
Well we definitely have NO hidden bearish divergence on the MACD 4 hr.

Thanks Scrat
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  • #4,956
  • Apr 10, 2013 10:30pm Apr 10, 2013 10:30pm
thanks Scrat!

I didnt know that - will keep for future reading and reminding!

Quoting Scrat
i am probably redundant, but here it is - practically, the classic divergence is actually a trending sign. i know, everybody says that divergences = the trend is weaker,and i believed it until some time ago until i realized how oscillators are behaving. just pick a trend, any trend, and look at any oscillator... they all give classic divergences during a trend, simply because that's how they are built. the trick is to trade hidden divergences... for instance, if the trend is up, we will keep seeing classic bearish divergences (on trend advance)...
"Millionaires don't use astrology, billionaires do"
  • #4,957
  • Apr 10, 2013 10:45pm Apr 10, 2013 10:45pm
Quoting Scrat
i am probably redundant, but here it is - practically, the classic divergence is actually a trending sign. i know, everybody says that divergences = the trend is weaker,and i believed it until some time ago until i realized how oscillators are behaving. just pick a trend, any trend, and look at any oscillator... they all give classic divergences during a trend, simply because that's how they are built. the trick is to trade hidden divergences... for instance, if the trend is up, we will keep seeing classic bearish divergences (on trend advance)...
Honestly, I have no f-ing clue what hidden divergence is...
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  • #4,958
  • Apr 10, 2013 11:06pm Apr 10, 2013 11:06pm
Quoting Geppy
Honestly, I have no f-ing clue what hidden divergence is...
Bearish hidden divergence is PA lower highs, indicator higher highs

I will post a cheatsheet shortly
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  • #4,959
  • Apr 10, 2013 11:08pm Apr 10, 2013 11:08pm
Quoting KillerWhale
Bearish hidden divergence is PA lower highs, indicator higher highs I will post a cheatsheet shortly
Divergence Cheat Sheet

http://www.babypips.com/school/diver...eat-sheet.html
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  • #4,960
  • Apr 10, 2013 11:18pm Apr 10, 2013 11:18pm
Quoting KillerWhale
Bearish hidden divergence is PA lower highs, indicator higher highs I will post a cheatsheet shortly
Gotcha.
check out my blog: forexmademillionaire dot com
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