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  • #58,901
  • Jun 6, 2013 11:40pm Jun 6, 2013 11:40pm
Quoting Erebus
{quote} Just imagine if you were a TURTLE and actually knew what you were doing {image}
Hi Erebus,
Are u using the EA from this thread, or some other?

http://www.forexfactory.com/showthread.php?t=143250

TF
  • #58,902
  • Jun 7, 2013 12:15am Jun 7, 2013 12:15am
looks like it's gonna go down again. I'm staying out of this. Enjoy the bloodbath. I hope no one is trying to catch the bottom of this. i think Sunday night or Monday morning will be a better buying opportunity. Doesn't matter to me anyway. I don't go against the trend.
  • #58,903
  • Jun 7, 2013 12:53am Jun 7, 2013 12:53am
anyone else getting an itchy trigger finger to go long on this pair?
90% of people, are wrong about 90% of everything, 90% of the time...
  • #58,904
  • Jun 7, 2013 1:12am Jun 7, 2013 1:12am
up up and away?
  • #58,905
  • Jun 7, 2013 1:18am Jun 7, 2013 1:18am
AUS : Up side i bought From 9475 TIP 9580 HIT
From 9507 TIP 9580 HIT
From 9515 TIP 9580 HIT
From 9556 TIP 9580 HIT
Next : waiting For Point 9450 / 9500 Buy TIP 9575


Chulllll Bullll Chulll Bulll............ Its Market Lollllllllllllllllllllllllll
  • #58,906
  • Jun 7, 2013 1:19am Jun 7, 2013 1:19am
Quoting flash4
up up and away?


AUS : Buy From 9450 / 9500 TIP 9575
  • #58,907
  • Jun 7, 2013 1:29am Jun 7, 2013 1:29am
Quoting TradeForexFx
{quote} Hi Erebus, Are u using the EA from this thread, or some other? http://www.forexfactory.com/showthread.php?t=143250 TF
Yes, that is it, except I made it 10 & 20 days

It takes a lot for me to IGNORE you, but you can try.
  • #58,908
  • Edited 5:59am Jun 7, 2013 5:49am | Edited 5:59am
Quoting domino
{quote} you can lead a horse to water... but you cant stop him from blowing his account....
Domino, you can blow your accouny in many many ways!!!In 3 wrong swing trades, changing your direction you can blow your account much more fast than betting only in one side..I suppose you have relevant experience,so Iīm not understanding why are you being so naif...
Anyway, the secret is called Withdraw....you can blow your acount perfectly (depends again on your margin), but if you had withdraw your wiinning trades, you can blow yopur account safely...

For those who said pyraimd itīs only effective on winning trades, I ask you to show how !!

Thanks Hellooz to getting my point, if you join together your experience reading charts and recognizing patterns, with an inflexible automatic strategye, you always win...it can be pyramid or the strategye you want to invent.

well, anyone itīs free to trade as wants, but please donīt try to pass here an image that not corresponds to reality, do not be naif when you are not!
  • #58,909
  • Jun 7, 2013 6:15am Jun 7, 2013 6:15am
Quoting xandi
{quote} Domino, you can blow your accouny in many many ways!!!In 3 wrong swing trades, changing your direction you can blow your account much more fast than betting only in one side..I suppose you have relevant experience,so Iīm not understanding why are you being so naif... Anyway, the secret is called Withdraw....you can blow your acount perfectly (depends again on your margin), but if you had withdraw your wiinning trades, you can blow yopur account safely... For those who said pyraimd itīs only effective on winning trades, I ask you to show...
This is the correct way to pyramid. Putting money into an underwater trade is reckless. Like someone already said, -.5 lots isnt near as bad as -3.0

http://www.forexjournal.com/fx-educa...le-trades.html

xandi, I'm not saying you're a bad trader, because obviously your account speaks for itself...but your pyramiding idea is a dangerous one for a newbie. That's more of an advanced money management skill that should be taken on by an established veteran with a solid money management foundation. Like you said, you must have a plan and stick to it
  • #58,910
  • Jun 7, 2013 6:51am Jun 7, 2013 6:51am
Quoting Pharm0r
{quote} This is the correct way to pyramid. Putting money into an underwater trade is reckless. Like someone already said, -.5 lots isnt near as bad as -3.0 http://www.forexjournal.com/fx-educa...le-trades.html xandi, I'm not saying you're a bad trader, because obviously your account speaks for itself...but your pyramiding idea is a dangerous one for a newbie. That's more of an advanced money management skill that should be taken on by an established veteran with a solid..Like you said, you must have a plan and stick to it.
yep, exactly that...but alltime, you cannot open not even one excepcion!
Your way to pyramid doesnīt suite me, because if you want to start with the basis, you have to start your position with huge LOT size...I prefer start the position from the top, with the lightest lot size position.
This is not dangerous to any newbie, starting the pyramid from the basis indeed is!! donīt make any confusion on that..
...thatīs my point of view, in many years of experience the only strategye which holds profitable along thes years was this one, and I can assure Iīve been in many methods and see many many methods, because of my work...
If you have read my posts, you would understand my concern about the newbies, and because of that, Iīm giving them the most valuable lession:
Keep emotions away of trading, in everytime, without exception...how??
..using always pending orders, according to some inflexible strategye...
Do not trade with emotions...you will loose to it, specialy if you are newbie!
  • #58,911
  • Jun 7, 2013 6:57am Jun 7, 2013 6:57am
I add contracts when market goes my way and also when against me. But these are two different strategies.

Adding when going my way on strong directional signals.

Adding when going against me on weaker signals where reversal point not clear.

Both work fine. However disaster exit strategy is required, which is in Xandi case margin call.
  • #58,912
  • Jun 7, 2013 7:08am Jun 7, 2013 7:08am
Quoting xandi
{quote} yep, exactly that...but alltime, you cannot open not even one excepcion! Your way to pyramid doesnīt suite me, because if you want to start with the basis, you have to start your position with huge LOT size...I prefer start the position from the top, with the lightest lot size position. This is not dangerous to any newbie, starting the pyramid from the basis indeed is!! donīt make any confusion on that.. ...thatīs my point of view, in many years of experience the only strategye which holds profitable along thes years was this one, and I...
Agreed. This is indeed the most valuable lesson I've learned
  • #58,913
  • Jun 7, 2013 7:37am Jun 7, 2013 7:37am
and there it goes again!!!!!
I regret not having reinforced the 2nd level of pyramid at 9460...I usually use 100 pips interval +/-, so I was waiting 9450 to open mine 0.4 LOT.

Quoting xandi
ok, time to start building the pyramid again!!! itīs like construction workers Long 9550 = 0.2 Lot TP already in place = 9630
  • #58,914
  • Jun 7, 2013 7:52am Jun 7, 2013 7:52am
Quoting xandi
and there it goes again!!!!! I regret not having reinforced the 2nd level of pyramid at 9460...I usually use 100 pips interval +/-, so I was waiting 9450 to open mine 0.4 LOT. {quote}

well, should have not talked too early..now market is making my will to reinforce...
Iīve bought now other 0.2 at 9450
(changed my will of reinforcing with 0.4, so Iīve opened only 0.2 at this point, making my Price Medium at 9500)
Good luck everyone!
  • #58,915
  • Jun 7, 2013 7:56am Jun 7, 2013 7:56am
+80 on my short from yesterday. We made a new low today, still bearish. Will be looking to reload shorts once we get a pull back from today's shenanigans.

plan to reload shorts around .9487 mofu
  • #58,916
  • Jun 7, 2013 7:59am Jun 7, 2013 7:59am
Quoting Pharm0r
+80 on my short from yesterday. We made a new low today, still bearish. Will be looking to reload shorts once we get a pull back from today's shenanigans. plan to reload shorts around .9487 mofu
Quoting namitak007
shorts are in green now. minimum target .938x
  • #58,917
  • Jun 7, 2013 8:01am Jun 7, 2013 8:01am
Quoting xandi
{quote} well, should have not talked too early..now market is making my will to reinforce... Iīve bought now other 0.2 at 9450 (changed my will of reinforcing with 0.4, so Iīve opened only 0.2 at this point, making my Price Medium at 9500) Good luck everyone!

You are not alone.I average into a position as well.I keep my lots small but consistent.I do take a loss when my loss number has reached.
Its what I do successfully.I average 10% a month profit.I do hold trades in weeks.
Its not for everyone and I don't solicit it either.

I am looking to go long soon.No open positions yet.
In trading, you have to be defensive and aggressive at the same time
  • #58,918
  • Jun 7, 2013 8:05am Jun 7, 2013 8:05am
Aussie and Kiwi are getting jacked up
When the facts change I change my mind, what do you do sir
  • #58,919
  • Jun 7, 2013 8:19am Jun 7, 2013 8:19am
Quoting Davit
{quote} You are not alone.I average into a position as well.I keep my lots small but consistent.I do take a loss when my loss number has reached. Its what I do successfully.I average 10% a month profit.I do hold trades in weeks. Its not for everyone and I don't solicit it either. I am looking to go long soon.No open positions yet.
thanks bro, I do appreciate your thoughts, for long time! Make me laugh some expert traders trying to share an naive image of trading safely, with security, as if this Market works like that!! lol...Here in POrtugal we call it the "thiefīs song".
Instead of that, we should teach values of discipline and rigidity, and trading accordly to that, because we will blow much more accounts and sooner if we do not execute the plan, in every all trades!! One exception and itīs sufficient to start blowing the account... In this market, when you are in Live Action, Human cannot beat the machine, Human cannot beat emotion...
but thereīs a lot of experts here on FF being almost hypocrites...thereīs no need to keep beeing naive and innocent! wake up
  • #58,920
  • Jun 7, 2013 8:28am Jun 7, 2013 8:28am
Quoting Davit
{quote} You are not alone.I average into a position as well.I keep my lots small but consistent.I do take a loss when my loss number has reached. Its what I do successfully.I average 10% a month profit.I do hold trades in weeks. Its not for everyone and I don't solicit it either. I am looking to go long soon.No open positions yet.
opened another long at 0.9443. i do counter trade at yearly critical levels and average in but as soon as in green always set BE or close for some profit quickly because my additional entries are always a few times bigger that the previous entry. this will sustain to keep the equity at balance and offer an opportunity to catch the whale. as soon as feel the reversal signs keep adding aggressively at every retracement with tight trade management. everyone has his own style
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