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Help Me Establish The GbpUsd After Dinner Club 40 replies

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The Club!

  • #2,201
  • Edited 10:11am Jul 24, 2013 10:01am | Edited 10:11am
Quoting gespiri
{quote} Hey FXcube, which canton are you in? I'm in Châtel-St-Denis and its warming up here (but currently working in Fribourg)...

  1. Post# 2,180

Châtel-Saint-Denis - Montreux - Lausanne - Morges - Nyon - Évian-les-Bains
Belle region!

  • #2,202
  • Jul 24, 2013 10:20am Jul 24, 2013 10:20am
Quoting bzzz
{quote} hey still in Malta,then you may know a broker there named RTFX
Yes they are domiciled in Malta, but they are a Swiss company.

There is also FXDD in Malta, but they are a US company.

As far as I know there are no Maltese Forex brokers.
Those who say it cannot be done should not interrupt those who are doing it
  • #2,203
  • Jul 24, 2013 10:28am Jul 24, 2013 10:28am
Quoting Forexcube
{quote} Post# 2,180Châtel-Saint-Denis - Montreux - Lausanne - Morges - Nyon - Évian-les-Bains Belle region!
franchement montre moi une région en suisse qui n'est pas belle!
better be not enough salt than too much salt
  • #2,204
  • Jul 24, 2013 10:29am Jul 24, 2013 10:29am
Quoting PipTrapper
{quote} Yes they are domiciled in Malta, but they are a Swiss company. There is also FXDD in Malta, but they are a US company. As far as I know there are no Maltese Forex brokers.
maltese people prefer eating maltesers
better be not enough salt than too much salt
  • #2,205
  • Jul 24, 2013 10:31am Jul 24, 2013 10:31am
Quoting bzzz
{quote} franchement montre moi une région en suisse qui n'est pas belle!
  • #2,206
  • Jul 24, 2013 10:36am Jul 24, 2013 10:36am
Malta?
Hierbei ist äußerste „Vorsicht“ geboten, denn einige Forex Broker sind Market ... Sensus Capital Markets Ltd. ist reguliert in Malta durch die Financial Services ...
http://www.witt-trader.com/joomla/in...=10&Itemid=476
  • #2,207
  • Jul 24, 2013 10:38am Jul 24, 2013 10:38am
Cyprus’ FX and Binary Industries Await Official Ruling – Do They Have A Future?
http://forexmagnates.com/cyprus-fx-a...have-a-future/
  • #2,208
  • Jul 24, 2013 10:43am Jul 24, 2013 10:43am
Quoting Forexcube
Malta? Hierbei ist äußerste „Vorsicht“ geboten, denn einige Forex Broker sind Market ... Sensus Capital Markets Ltd. ist reguliert in Malta durch die Financial Services ... http://www.witt-trader.com/joomla/in...=10&Itemid=476
Sensus is not Maltese either. It is a German company.

The MFSA (Malta Financial Services Authority) attracts foreign financial services companies (Mostly broker/dealers and investment banks) to set up shop in Malta so that the banking system can outgrow the economy... just like in Cyprus. Beware the beast.
Those who say it cannot be done should not interrupt those who are doing it
  • #2,209
  • Jul 24, 2013 10:44am Jul 24, 2013 10:44am
Offshore Regulators: A number of brokerages operate from offshore centers such as the Seychelles, Mauritius and the Cayman Islands. While some of these brokerages may be registered with the relevant regulatory authorities in these jurisdictions, offshore regulators tend to offer very limited customer protection and we recommend that traders opt for entities regulated in more reputable financial centers.
http://thefxview.com/compare-brokers/
  • #2,210
  • Jul 24, 2013 1:00pm Jul 24, 2013 1:00pm
Some nice USD bullish action is developing now. Not sure what the fundamental catalyst is other than proof that the US is starting to inflate it's housing bubble in a meaningful way, but it was certainly due from a technical perspective.

On E/U, I would like to see a daily close below 1.3163 to make me feel comfy. This will give us an outside day reversal.

On G/U, the key level comes in around 1.5255 to turn the weekly candle bearish, so I would be looking for a weekly close below that.

U/CAD is the only underperformer today with only around 61.8% of yesterday's high to today's low retraced. Similarly as the other major pairs, I would want to see a break and close above yesterday's highs around 1.0350 to be comfy with that. My previously mentioned 1.0265 support served very well today as price only pierced it by 3.5 pips at 1.02615

My SPX500 shorts are also celebrating today, although I do not expect to see much bearish movement in this instrument today, the fact that we are way below yesterday's low is very encouraging.

The only disappointments I have so far are my AUD/NZD long positions due to the Aussie's reluctance to correct meaningfully and the fact that USD/JPY has not yet managed to retrace down to the 97/98 area. Anyway, I can't have it all.

Will this bullsh USD revival find the momentum it needs? I hope so, coz it's about friggin time.
Those who say it cannot be done should not interrupt those who are doing it
  • #2,211
  • Jul 24, 2013 1:20pm Jul 24, 2013 1:20pm
Quoting Forexcube
How many pips you trade says absolutely nothing about your real profit and risk management.

agree completely

risk management as well as profit taking has to be adapted to your trading situation: TF, expectation, trend-following, anti-trend, etc.



You have to choose your tools and weapons with every trade anew
  • #2,212
  • Jul 24, 2013 1:25pm Jul 24, 2013 1:25pm
Quoting gespiri
{quote} Right you are Fini! There were so many times I missed the boat on trades (either stopped out or putting all positions on a fixed point). Nowadays, what I learned from you, is to scale entry/exit points on trades....works a lot better.

I had to learn that too. In past days my stops were most of the time very/relatively tight.

When I started to follow Forexcube on his various threads I adapted some of his trading "habits", which led to wide SL or oftentimes trading without SL. I am very thankful for this.

Even Mercy I have to thank (LOL), because he told over and over to place SL minimum 65 pips away.
  • #2,213
  • Jul 24, 2013 1:33pm Jul 24, 2013 1:33pm
Quoting infinitus
{quote} I had to learn that too. In past days my stops were most of the time very/relatively tight. When I started to follow Forexcube on his various threads I adapted some of his trading "habits", which led to wide SL or oftentimes trading without SL. I am very thankful for this. Even Mercy I have to thank (LOL), because he told over and over to place SL minimum 65 pips away.
To trade with wide stops like that, you need confidence and patience. Those come with experience. Pain (the desire to avoid it) is a good teacher, lol.
  • #2,214
  • Jul 24, 2013 1:33pm Jul 24, 2013 1:33pm
Quoting infinitus
{quote} I had to learn that too. In past days my stops were most of the time very/relatively tight. When I started to follow Forexcube on his various threads I adapted some of his trading "habits", which led to wide SL or oftentimes trading without SL. I am very thankful for this. Even Mercy I have to thank (LOL), because he told over and over to place SL minimum 65 pips away.
I only use mental SLs and they are never set in stone. Always be nimble... and patient. Those are the keys to success in this business (unless you're scalping)
Those who say it cannot be done should not interrupt those who are doing it
  • #2,215
  • Jul 24, 2013 1:34pm Jul 24, 2013 1:34pm
Quoting BoringIsGood
{quote} To trade with wide stops like that, you need confidence and patience. Those come with experience. Pain (the desire to avoid it) is a good teacher.
Those who say it cannot be done should not interrupt those who are doing it
  • #2,216
  • Jul 24, 2013 1:35pm Jul 24, 2013 1:35pm
Quoting Forexcube
{quote} Post# 2,160Hi infinitus! My trading strategy implies: -CCI -Pivotals (murrey math are also great) -Price Patterns -Divergences & -Multiple Time Frame Analysis (MTFA) -& several market entry and exit orders at different levels (1/10 orders instead of one big 1/1) It looks that we are trading consimilar strategies with the difference that I could take more risk over due to the fact of my non-stop-loss-concept in which my trades are mostly affected in compensation of...

Hi FxCube,

that is true. Especially since I adapted some of your weapons in my trades, like the CCI 14 or some parts of the money management. Especially the splitting of orders in 1/10 orders. Our trading style is very similar especially when I do short term trading on the 1-5min TF. Then it is kind of mechanical.


Explanation for other traders:

a 10/10 position is the position, which you declare as the maximum position your account can bare. For me a 10/10 or full position is a position, which moves the account by 1% for every 10 pips.

As you can see in my trades, I do barely trade bigger than 3/10 positions. A 3/10 moves the account by 1% for 33 pips. A 1/10 position moves the account by 1% for 100 pips.

My daily target is loosely defined as 0.35-0.75%. With that I am content.
  • #2,217
  • Jul 24, 2013 1:36pm Jul 24, 2013 1:36pm
big community - there is always someone you can learn from


that is one of the reasons I am here



Quoting bzzz
hats off to you infini,fxcube,Piptrader and others glad to have the opportunity to learn from all of you
  • #2,218
  • Jul 24, 2013 1:39pm Jul 24, 2013 1:39pm
Ha, funny, I thought, that we had to learn the Russian language, because we have so many traders here from Eastern Europe.

Now I have to take my France dictionary LOL
  • #2,219
  • Jul 24, 2013 1:41pm Jul 24, 2013 1:41pm
Quoting PipTrapper
{quote} I only use mental SLs and they are never set in stone. Always be nimble... and patient. Those are the keys to success in this business (unless you're scalping)

Most of the time I do have only mental SL too.

But since I have my dayjob, which prevents me from time to time to have an eye on my trades, I set in this situations a SL or/and a TP
  • #2,220
  • Jul 24, 2013 1:42pm Jul 24, 2013 1:42pm
Quoting BoringIsGood
{quote} To trade with wide stops like that, you need confidence and patience. Those come with experience. Pain (the desire to avoid it) was a good teacher, lol.

Pain is only the result of too high leverage, IMHO
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