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  • #866,021
  • Dec 27, 2013 4:30am Dec 27, 2013 4:30am
Quoting magelordmojo
Every trader I follow on twitter is saying be really careful because of holiday What is the difference between now and the 2nd week of February
If you keep on trading now, by the second week of Feb will feel that all brokers have gang raped you. This is the difference.
The Thief of Wall Street
  • #866,022
  • Dec 27, 2013 4:31am Dec 27, 2013 4:31am
Quoting Chicky
{quote} I have no idea. This is at a very critical level and at a very critical time. Just closed all my longs from 1.3667 with a tiny profit (on live accounts). The fellow who lost 40%, if survives this trade, will again take a similar one in the future. I know this, because I had been there. I wish people only realize how profitable and joyful trading is with small positions.
very good recommendation, thanks.
  • #866,023
  • Dec 27, 2013 4:32am Dec 27, 2013 4:32am
lol chicky, you're not funny but I understand
  • #866,024
  • Dec 27, 2013 4:33am Dec 27, 2013 4:33am
Impressive...buyers left after 120 pips during Asia....could be messing time soon
COT: The precious data ignored
  • #866,025
  • Dec 27, 2013 4:34am Dec 27, 2013 4:34am
Quoting magelordmojo
lol chicky, you're not funny but I understand
No hard feelings, but this is how I felt 11 times in my life.
The Thief of Wall Street
  • #866,026
  • Dec 27, 2013 4:35am Dec 27, 2013 4:35am
4K ... yeah sure, demo account
"It's the Margin, Stupid."
  • #866,027
  • Dec 27, 2013 4:35am Dec 27, 2013 4:35am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting kuroro001
{quote} You can trade without SL...hardest part without it is to know when to cut it manually
NO NO NO, always put SL, even if it is 100 pips.

What if there is "breaking news", for example "IRAN DROPS NUCLEAR BOMB ON ****".
Or " PRESIDENT OF *** SHOT DOWN"

This can instantly move the market with 500 - 1000 pips... .

Real example, earthquake in Japan, it sipked 150 pips.

Surpise rate hike by the BOE in 2007 (I was already long GBP one hour before the release, one of my best Forex moments ever ), istantly up 120 pips and 450 pips after NY open!!!

No way to stop SL this manually. Always, always put SL. That is part of the holy grale of trading
Being right is one, taking it from the table is two.
  • #866,028
  • Dec 27, 2013 4:36am Dec 27, 2013 4:36am
I'm going short here at 3804.

Will add if we go higher.
  • #866,029
  • Dec 27, 2013 4:38am Dec 27, 2013 4:38am
Quoting kuroro001
Impressive...buyers left after 120 pips during Asia....could be messing time soon
did the buyers take profit?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #866,030
  • Dec 27, 2013 4:38am Dec 27, 2013 4:38am
Quoting magelordmojo
lol chicky, you're not funny but I understand

So when you watched the market for a year, did you trade demo? And did your strategy consistently pay off during that time?

If you answer no to either of these, immediately withdraw your money and start a demo account until you have created a consistent track record for yourself.

Cause if you don't, you'll lose all of your money. Maybe you'll get lucky and it won't happen this time, but it will happen.
  • #866,031
  • Dec 27, 2013 4:38am Dec 27, 2013 4:38am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting magelordmojo
Every trader I follow on twitter is saying be really careful because of holiday What is the difference between now and the 2nd week of February
Read my previous post:

http://www.forexfactory.com/showthre...24#post7176324
Being right is one, taking it from the table is two.
  • #866,032
  • Dec 27, 2013 4:41am Dec 27, 2013 4:41am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting Chicky
{quote} You must be kidding. You losing money and posting here like this?
You would see what I would do to him (if he was my son).
Being right is one, taking it from the table is two.
  • #866,033
  • Dec 27, 2013 4:42am Dec 27, 2013 4:42am
I've "watched" the eur/usd during Asia for the past 12 months and the most it has move was around 70 pips in July after some Chinese data and it was back to where it was by the end if session..

My first day live was today and it moves about 120 pips and doesn't seem likely to come down any time soon

FML heh :-(
  • #866,034
  • Dec 27, 2013 4:44am Dec 27, 2013 4:44am
Quoting Now
{quote} Real example, earthquake in Japan, it sipked 150 pips.
it spiked 450 pips!! so yeah, news does matter, a lot.
  • #866,035
  • Dec 27, 2013 4:44am Dec 27, 2013 4:44am
shorted at 1.3811
  • #866,036
  • Dec 27, 2013 4:44am Dec 27, 2013 4:44am
Quoting ffleo
{quote} did the buyers take profit?
Not yet, should happen today.

And small sellers up there on this small m5 wave up
COT: The precious data ignored
  • #866,037
  • Dec 27, 2013 4:46am Dec 27, 2013 4:46am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting pbtec
I'm going short here at 3804. Will add if we go higher.
Kamikaze strategy?
Being right is one, taking it from the table is two.
  • #866,038
  • Dec 27, 2013 4:46am Dec 27, 2013 4:46am
Covered 2/3 @90 pips and SL trailed to BE...
Attached Image
Wherever you go, there you are.
  • #866,039
  • Dec 27, 2013 4:47am Dec 27, 2013 4:47am
Quoting magelordmojo
I've "watched" the eur/usd during Asia for the past 12 months and the most it has move was around 70 pips in July after some Chinese data and it was back to where it was by the end if session.. My first day live was today and it moves about 120 pips and doesn't seem likely to come down any time soon FML heh :-(
xmas 2007 I think we had a similar thing happen. We had a 400 pip rally during this Xmas period. EURGBP reached that record 0.9800 I think as well
if memory serves me right.
This could easily reach 140 now in the coming days.
rat
  • #866,040
  • Dec 27, 2013 4:48am Dec 27, 2013 4:48am
Anyone shorting here seems to me as purely gambling!

No rationale at all for it other than the fact it has moved up a long way today.
*** Shoot for the moon. Even if you miss, you'll land among the stars. ***
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