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  • #820,621
  • Aug 2, 2013 12:10pm Aug 2, 2013 12:10pm
Quoting ffleo
{quote} suppose your lot size is 100000, then your average position is 30000. so you use a leverage on average 30:1. 60 pips stop is about 0.45% your position size. so 60 pips for 30000 units is 135. 135 out of 1k is 13.5%. so you risk 13.5% per trade on average.
although high gain.. but really risky to trading in my way...
Together We Stand !
  • #820,622
  • Aug 2, 2013 12:10pm Aug 2, 2013 12:10pm
Quoting Venice
{quote} Except when your 'friends' are congratulatory and happy to see you leave her... only to find out later they are eating the very same pie.
you know I like you, yes? no homo.
  • #820,623
  • Aug 2, 2013 12:11pm Aug 2, 2013 12:11pm
Quoting Venice
{quote} Except when your 'friends' are congratulatory and happy to see you leave her... only to find out later they are eating the very same pie.
OMG..



Classic Venice...classic
  • #820,624
  • Aug 2, 2013 12:11pm Aug 2, 2013 12:11pm
Quoting attila
{quote} you know I like you, yes? no homo.
  • #820,625
  • Aug 2, 2013 12:13pm Aug 2, 2013 12:13pm
Quoting Venice
{quote}
that was so... homo.. ish...
  • #820,626
  • Aug 2, 2013 12:13pm Aug 2, 2013 12:13pm
Quoting Venice
{quote}
I haven't followed.. .what's happening with Ken The Fen?
  • #820,627
  • Aug 2, 2013 12:14pm Aug 2, 2013 12:14pm
Quoting myelbow4
I am short -40 pips. Should I get out before the weekend?
Hi, sorry to hear that. Just want to share with you two lessons I learned in this buz.

If you want to learn to take profits, you must first learn to take losses.

Trade your plan. And trade others idea only if it fits your own plan.

40 pips is nothing you can win it later easily.

Have a nice week end.
Don't be smart. Be rich.
  • #820,628
  • Aug 2, 2013 12:14pm Aug 2, 2013 12:14pm
Quoting pkimnyc
{quote} that was so... homo.. ish...

hehehehe... some would say.... pinkish?!?!?
  • #820,629
  • Aug 2, 2013 12:14pm Aug 2, 2013 12:14pm
Quoting Magicmen
{quote} Hope you listened to others inputs. It is your decision. My chart shows the remaining range for rest of the day/week is 1.3326 to 1.3250. I have no positions open now but waiting to see one of this before I take a position.
How do you get to that range? Weekly trend down at 1,3302
  • #820,630
  • Aug 2, 2013 12:14pm Aug 2, 2013 12:14pm
Quoting pkimnyc
{quote} that was so... homo.. ish...
come here
  • #820,631
  • Aug 2, 2013 12:15pm Aug 2, 2013 12:15pm
Quoting attila
{quote} I haven't followed.. .what's happening with Ken The Fen?
Not sure. He's been very very busy with his business ventures. He pops into the useless thread once every few weeks. That thread... man... miss those days hehe.
  • #820,632
  • Aug 2, 2013 12:16pm Aug 2, 2013 12:16pm
Quoting Venice
{quote} hehehehe... some would say.... pinkish?!?!?
  • #820,633
  • Aug 2, 2013 12:20pm Aug 2, 2013 12:20pm
Quoting maximinus
{quote} Hi, sorry to hear that. Just want to share with you two lessons I learned in this buz. If you want to learn to take profits, you must first learn to take losses. Trade your plan. And trade others idea only if it fits your own plan. 40 pips is nothing you can win it later easily. Have a nice week end.

Well said, it's all about patience...!
  • #820,634
  • Aug 2, 2013 12:21pm Aug 2, 2013 12:21pm
hello everybody

i just recently started trading ,i have a question does PA ever work on news days ?

last nfp i got whipped for following PA ,this time i got a very nice entry btw 63 and 72 % fib on usdjyp .
but i decided to join the rest of the goats in buying usd . but this time it went the other way around hit my assumed tp .

so how to trade on news days
  • #820,635
  • Aug 2, 2013 12:21pm Aug 2, 2013 12:21pm
Quoting Venice
{quote} hehehehe... some would say.... pinkish?!?!?
I would.
Quant Hedge Fund CEO
  • #820,636
  • Aug 2, 2013 12:22pm Aug 2, 2013 12:22pm
Quoting Venice
{quote} Close the order now and open up a demo account. It is clear you do not have a trading plan in place.
It was a trade that was not meant to be opened in the first place. My expert advisor sold on the retracement of the news and it turns out that it hit the take profit in the same bar so another sell was opened. This is a bug that I did not account for when I designed my EA.
  • #820,637
  • Aug 2, 2013 12:25pm Aug 2, 2013 12:25pm
Quoting myelbow4
I am short -40 pips. Should I get out before the weekend?
if 3295-3300 holds and go down then get out at 3220ish. if it doesn't get there by today's close then i would just take the loss.

p.s. don't trade like this next time.
  • #820,638
  • Aug 2, 2013 12:25pm Aug 2, 2013 12:25pm
Quoting FXMastermind
{quote} I would.
bastards...
  • #820,639
  • Aug 2, 2013 12:26pm Aug 2, 2013 12:26pm
Quoting Magicmen
{quote} You will not know who you are UNTIL you get a slap Edit: After the slap, If you still do not know who you are then you are not fit for this ring.
Right on!!!
Taigen Profit This Month: na
  • #820,640
  • Aug 2, 2013 12:26pm Aug 2, 2013 12:26pm
Do not be the youngster...

have a splendid break..see next week.

All the best
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