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  • #813,561
  • Jul 9, 2013 2:56pm Jul 9, 2013 2:56pm
Quoting KillerWhale
{quote} Sometimes you're on a roll, and better take it when you have it.
you still in USD cad short? re enter at a higher price?
Be hopeful in a winning position, and fearful in a losing position.
  • #813,562
  • Jul 9, 2013 2:57pm Jul 9, 2013 2:57pm
Quoting JimmyC
{quote} Professional trader for 15 years.... looking for intelligent responses to an obvious situation... Found a lot of very obnoxious people in a place I was told was different. Funny that The search for intelligent life continues... Note the breakout from 1.48430... hope you went long.
Professional astronaut and pornstar for 79 years, nice to meet you.
Quant Hedge Fund CEO
  • #813,563
  • Jul 9, 2013 2:58pm Jul 9, 2013 2:58pm
Quoting USD-Bear
{quote} must have missed them, if you implying those account statements I don't read them, what purpose do they have for other's? I read things like shorting UC big time with $ 50 per pip, wondering why the world is not following you, then hearing nothing a while with price up 100 pips, then suddenly lots of scalping successes are claimed followed by "I'm in the green again". That's where I've read enough.
Never in my life have I traded $50 per pip. I have said that I was chipping away with $5 per pip.
The closest to that would be $40 per pip in UJ when the BOJ interfered on October something last year and I had 300 pips profit.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #813,564
  • Jul 9, 2013 2:58pm Jul 9, 2013 2:58pm
Quoting KillerWhale
{quote} The best thing you can do is start reading babypips.com or stop trading.
Stop trading? So, tell how you started trading like a professional? Wait, you didn't. I know i was foolish but i'm trading only for a month. And taking out the last few trades, i had 236% profit . I reckon it's not that bad. I'm learning... i know what to learn from bad trades.
  • #813,565
  • Jul 9, 2013 2:59pm Jul 9, 2013 2:59pm
Quoting JimmyC
{quote} Professional trader for 15 years.... looking for intelligent responses to an obvious situation... Found a lot of very obnoxious people in a place I was told was different. Funny that The search for intelligent life continues... Note the breakout from 1.48430... hope you went long.
Whoever told you intelligence exists here has gotten something severely mixed up. This thread is entertainment at best.
  • #813,566
  • Jul 9, 2013 3:00pm Jul 9, 2013 3:00pm
Quoting alinturbut
{quote} Stop trading? So, tell how you started trading like a professional? Wait, you didn't. I know i was foolish but i'm trading only for a month. And taking out the last few trades, i had 236% profit . I reckon it's not that bad. I'm learning... i know what to learn from bad trades.
Professional traders can make 2% gain in a day while risking only 0.25% of their account initially. Hell even 1% gain with risking 0.1%

Let's just say.. they can make 10 times what their initial risk is.

It's called letting winners ride!


Once you have a winner for the day, risking capital becomes so much easier, but the initial risk must be very low until you do have that winner... then you can risk all of your profit on the next trade if you like. Or half, or whatever suits you.


all a professional trader is is someone who trades their own account (and/or someone elses) for a living, but i kind of define it differently.
Be hopeful in a winning position, and fearful in a losing position.
  • #813,567
  • Jul 9, 2013 3:01pm Jul 9, 2013 3:01pm
Quoting ffleo
{quote} Cloggie? why Cloggie?
Because that POS is using lots of accounts. He needs entertainment or will one day die of boredom.
  • #813,568
  • Jul 9, 2013 3:01pm Jul 9, 2013 3:01pm
Quoting alinturbut
{quote} I have to say that your signature is really true. The market has been playing with me the last 3 days. For example i had a sell from 1,2830 since yesterday(also i have virtually no money management, playing with maximum volume, so 100-110 pips would mean BAM account. Now i know this is bad, but i do it sincer i wanna grow my money, 100 euros seem too little for me to earn something) so i feared that it will grow to 1,293x. Anyways when it dropped it had a pause and dumbass me closed it on -9 pips, BUYing right away at 1,2838. The moment...
well on a positive note:
1. realizing your mistakes
2. posting about your mistakes
You've reached a level a lot of us won't reach.
Now correcting things is the next step, good luck!
Don't be a hero. Don't have an ego. Always question yourself
  • #813,569
  • Jul 9, 2013 3:03pm Jul 9, 2013 3:03pm
Quoting Rag2RichesFX
{quote} you still in USD cad short? re enter at a higher price?
23 pips in green
New voice message: Why are you calling me? If I need you, I'll call you!
  • #813,570
  • Jul 9, 2013 3:03pm Jul 9, 2013 3:03pm
profits taken at 9190

literally thanking the forex gods for letting this limit order trigger,

after it missed the first swing while i was asleep
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.jpg Size: 112 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #813,571
  • Jul 9, 2013 3:05pm Jul 9, 2013 3:05pm
Quoting Rag2RichesFX
profits taken at 9190 literally thanking the forex gods for letting this limit order trigger, after it missed the first swing while i was asleep {image}
Nicely done, decent aiming...
Quant Hedge Fund CEO
  • #813,572
  • Jul 9, 2013 3:06pm Jul 9, 2013 3:06pm
Quoting Venice
{quote} Whoever told you intelligence exists here has gotten something severely mixed up. This thread is entertainment at best.
it wasn't always like this... there are some verified big money traders here (500k+).. some have left of course.. most have lol
Be hopeful in a winning position, and fearful in a losing position.
  • #813,573
  • Jul 9, 2013 3:07pm Jul 9, 2013 3:07pm
Quoting Venice
{quote} Whoever told you intelligence exists here has gotten something severely mixed up. This thread is entertainment at best.
Noted
  • #813,574
  • Jul 9, 2013 3:07pm Jul 9, 2013 3:07pm
Quoting alinturbut
{quote} Stop trading? So, tell how you started trading like a professional? Wait, you didn't. I know i was foolish but i'm trading only for a month. And taking out the last few trades, i had 236% profit . I reckon it's not that bad. I'm learning... i know what to learn from bad trades.
Sorry, but you really need to study big time.

Here is the best guide I can give you,

www.babypips,com
New voice message: Why are you calling me? If I need you, I'll call you!
  • #813,575
  • Jul 9, 2013 3:10pm Jul 9, 2013 3:10pm
Quoting KillerWhale
{quote} 23 pips in green
Sooner or later, UCAD is coming down.

I count on 500 pips or more!
New voice message: Why are you calling me? If I need you, I'll call you!
  • #813,576
  • Jul 9, 2013 3:11pm Jul 9, 2013 3:11pm
Quoting gatorinla
{quote} i am thinking it will not go above 110.53 w/o a world event .. so 106.20 is a target. 105.31 another.. this one fits well .. last month 108.xx was one.. so its about a 5$ area. {image} {image}
yup, the current resistance does not seem that strong, if broken, 106.4/6 looks like a good target at least

Attached Image (click to enlarge)
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ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #813,577
  • Jul 9, 2013 3:11pm Jul 9, 2013 3:11pm
Quoting FXMastermind
{quote} Nicely done, decent aiming...
thanks bud

it feels good, ive made much larger gains while asleep than i have scalping these past few weeks

took a small short, very low risk, but i dont see this weekly candle going much higher... so this short should be safe this week anyway.

audusd 4hr
Attached Image (click to enlarge)
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Be hopeful in a winning position, and fearful in a losing position.
  • #813,578
  • Jul 9, 2013 3:13pm Jul 9, 2013 3:13pm
Quoting KillerWhale
{quote} Sooner or later, UCAD is coming down. I count on 500 pips or more!
And the SWAP is positive so who cares?

Right, only the IRS
New voice message: Why are you calling me? If I need you, I'll call you!
  • #813,579
  • Jul 9, 2013 3:14pm Jul 9, 2013 3:14pm
Quoting KillerWhale
{quote} Sooner or later, UCAD is coming down. I count on 500 pips or more!
yup we just need this rising wedge to break down on the daily TF

not this week but next week should be a decent size drop

103.50-104.20 area?

actually has quite nice potential for more

USDCAD monthly...
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Be hopeful in a winning position, and fearful in a losing position.
  • #813,580
  • Jul 9, 2013 3:14pm Jul 9, 2013 3:14pm
Quoting KillerWhale
{quote} Never in my life have I traded $50 per pip. I have said that I was chipping away with $5 per pip. The closest to that would be $40 per pip in UJ when the BOJ interfered on October something last year and I had 300 pips profit.
must have mis-read then:

Attached Image (click to enlarge)
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Don't be a hero. Don't have an ego. Always question yourself
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