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  • #820,161
  • Aug 1, 2013 3:27pm Aug 1, 2013 3:27pm
Quoting ffleo
{quote} hey KW, how is your vacation?
Great
New voice message: Why are you calling me? If I need you, I'll call you!
  • #820,162
  • Aug 1, 2013 3:28pm Aug 1, 2013 3:28pm
Quoting KillerWhale
{quote} Great
gj big chance more up
Attached Image (click to enlarge)
Click to Enlarge Name: 100.png Size: 30 KB
New voice message: Why are you calling me? If I need you, I'll call you!
  • #820,163
  • Aug 1, 2013 3:31pm Aug 1, 2013 3:31pm
long 3206
sl 3202 and 3196

we need to close 1 hour above 3220 for continuation to a possible but not likely 3250/60
Be hopeful in a winning position, and fearful in a losing position.
  • #820,164
  • Aug 1, 2013 3:33pm Aug 1, 2013 3:33pm
I also run 50:1 leverage. Not sure why such a deal is being made about it... its all part of the calculations of risk. Only thing that gets hit is stops.
  • #820,165
  • Aug 1, 2013 3:35pm Aug 1, 2013 3:35pm
Quoting Ken A
{quote} From last couple hours movement, highly possible it will and dollar is showing some strength. U/C H1 {image}
daily momentum looking like continuation probable yes

4 hour is looking like its ready for a correction.


if you have tight spreads

short 1.0348/49 with sl 1.0351 is the way to go here (for my style of trading anyway)

i personally dont care if they run that stop,the risk reward is solid.

like my long from 0255 with sl 0248, solid RR

plus i can always short from 1.0360/75 and easily make back a few pips loss


i know some people dont like tight stop losses but thats how i roll for most trades. investments are a different story
Be hopeful in a winning position, and fearful in a losing position.
  • #820,166
  • Aug 1, 2013 3:41pm Aug 1, 2013 3:41pm
The level as I see it for tomorrow.
1.3120, 1.3050.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4.png Size: 31 KB
Intraday only.
  • #820,167
  • Aug 1, 2013 3:42pm Aug 1, 2013 3:42pm
Quoting Venice
I also run 50:1 leverage. Not sure why such a deal is being made about it... its all part of the calculations of risk. Only thing that gets hit is stops.
50:1 leverage is no big deal if you are using 5 pip stop losses. But still, that is a 2.5% loss to your account from a trade with high probability of stop out.

5:1 is the max I need

Most people are too impatient to see that 200% (3-fold January 1st equity) return per year consistently for 10 years (or 12 or 13 or whatever) will get you into that leer jet you always wanted... even if you only started with a $1000 in your account.
Be hopeful in a winning position, and fearful in a losing position.
  • #820,168
  • Aug 1, 2013 3:46pm Aug 1, 2013 3:46pm
Quoting Mr Hatch

  1. EUR/GBP at bigger upper mofu 0.8762 OUT @ 0.8685
  2. USD/CAD dropping from triple-resistance ~1.03157ish s/o +5
  3. G/U has hit a smaller target at 1.51284 sl +5 s/o +5
  4. E/J rejected from upper mofu at 129.342 sl > 131.302 for 128.10
  5. E/A just close to huge upper mofu at 1.48557 I don't fiddle with this.

Out until someone made a FOMC-movie....

So, E/U, E/J the only ones still in.
  • #820,169
  • Aug 1, 2013 3:52pm Aug 1, 2013 3:52pm
Quoting KillerWhale
{quote} gj big chance more up {image}
Or maybe not
New voice message: Why are you calling me? If I need you, I'll call you!
  • #820,170
  • Edited 4:03pm Aug 1, 2013 3:58pm | Edited 4:03pm
Quoting Rag2RichesFX
{quote} daily momentum looking like continuation probable yes 4 hour is looking like its ready for a correction. if you have tight spreads short 1.0348/49 with sl 1.0351 is the way to go here (for my style of trading anyway) i personally dont care if they run that stop,the risk reward is solid. like my long from 0255 with sl 0248, solid RR plus i can always short from 1.0360/75 and easily make back a few pips loss i know some people dont like tight stop losses but thats how i roll for most trades. investments are a different story
@Rag2RichesFx:

That is the way an advanced trader thinks - very well done. Very well thought out, you could have given your stop a little bit more room to breathe. This is an aggressive scalp but only when you know what you're doing, the time of day, the sentiment in the market the buy and sell zones, that you GO for it.

Its a greedy trade, very do able. Again you are robbing yourself of the exercise to practice patience, but some traders love the dare

The buy zone starts from 1.0270 up to 1.0320

I am very impressed with how you explained yourself just now.

I personally wouldn't have taken the trade, but its a scalp and sometimes in times like these you make trades like that to kill the boredom. I feel you.

Very well done

+1 VOUCH

  • #820,171
  • Aug 1, 2013 4:16pm Aug 1, 2013 4:16pm
Quoting Rag2RichesFX
{quote} 50:1 leverage is no big deal if you are using 5 pip stop losses. But still, that is a 2.5% loss to your account from a trade with high probability of stop out. 5:1 is the max I need Most people are too impatient to see that 200% (3-fold January 1st equity) return per year consistently for 10 years (or 12 or 13 or whatever) will get you into that leer jet you always wanted... even if you only started with a $1000 in your account.
Lot size and pip risk is adjusted. I never risk more than 3% of my account on any single one trade. And I always have a minimum r:r of 1:1. But that is rare. I prefer 1:2 and more often then not am aiming around the 1:4-1:5 area.

It's just math, and over time the numbers end up positive.
  • #820,172
  • Aug 1, 2013 4:37pm Aug 1, 2013 4:37pm
Quoting Venice
{quote} Lot size and pip risk is adjusted. I never risk more than 3% of my account on any single one trade. And I always have a minimum r:r of 1:1. But that is rare. I prefer 1:2 and more often then not am aiming around the 1:4-1:5 area. It's just math, and over time the numbers end up positive.
maybe we talk about leverage in a different way. some people use 400:1 leverage for a small lot size. the money used for the lot actually is margin. what the total money the lot control relative to account size is the real leverage.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #820,173
  • Aug 1, 2013 4:41pm Aug 1, 2013 4:41pm
Quoting ffleo
{quote} maybe we talk about leverage in a different way. some people use 400:1 leverage for a small lot size. the money used for the lot actually is margin. what the total money the lot control relative to account size is the real leverage.
for example you can spend 200 to control 10000, your margin is 200. if your account size is 10000, then your leverage is 1:1.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #820,174
  • Aug 1, 2013 4:45pm Aug 1, 2013 4:45pm
Quoting ffleo
{quote} for example you can spend 200 to control 10000, your margin is 200. if your account size is 10000, then your leverage is 1:1.
if one has 100 in account and want use it to control 40000 in the market, that is ridiculous.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #820,175
  • Edited 4:56pm Aug 1, 2013 4:46pm | Edited 4:56pm
EU tick chart

15 min until daily open

Targets for bulls/sell zone for bears is pretty clear here

Yes you can see my sell limits, I don't share those very often.. happy birthday
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdtickchart.jpg Size: 234 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #820,176
  • Aug 1, 2013 5:02pm Aug 1, 2013 5:02pm
Quoting ffleo
{quote} exactly. the so called bulls can flip their long positions to short in a eye blink when their stops get taken out. some big boys do this too.
but there are guys good at trading the market one way, with big accounts.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #820,177
  • Aug 1, 2013 5:03pm Aug 1, 2013 5:03pm
Quoting ffleo
{quote} exactly. the so called bulls can flip their long positions to short in a eye blink when their stops get taken out. some big boys do this too.
yup. they have stop entries for profits right near the their stops for protection. which is why the market spikes so hard through breakouts
Be hopeful in a winning position, and fearful in a losing position.
  • #820,178
  • Aug 1, 2013 5:05pm Aug 1, 2013 5:05pm
DAILY OPEN

looks like this is going to correct now

targets 3222/3235/45
Be hopeful in a winning position, and fearful in a losing position.
  • #820,179
  • Aug 1, 2013 5:08pm Aug 1, 2013 5:08pm
Quoting Rag2RichesFX
{quote} yup. they have stop entries for profits right near the their stops for protection. which is why the market spikes so hard through breakouts
very good insight.

that means put a stop 1.5x or 2x the size of original position to catch a few quick pips.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #820,180
  • Aug 1, 2013 5:13pm Aug 1, 2013 5:13pm
Quoting Rag2RichesFX
DAILY OPEN looks like this is going to correct now targets 3222/3235/45
this might be related to retracement of usdjpy.
usdjpy support:99.165, 99.01, 98.88
ignore wackos and psychos, including myself. But I can't add myself to iggy
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