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The Market is Cuckoo

  • #281
  • Mar 19, 2014 8:31am Mar 19, 2014 8:31am
Hi, we will wait for the FOMC before new trades. EUR/USD still lower for a bit longer. Your thoughts. Thanks
  • #282
  • Mar 19, 2014 9:21am Mar 19, 2014 9:21am
EURUSD, Long @ 1.3910 (3x)
  • #283
  • Mar 19, 2014 9:25am Mar 19, 2014 9:25am
Quoting Hickson
{quote} Oh yes, I forgot. Well, if your account is big enough it can work out. But do you have a kind of mental SL if the position does not go your way?
by rule of thumb
I prefere to take at Long Term Investment on Daily or Weekly chart the last support or resistance line.
At M5/M15/M30/H1/H4 the last one 1 or 2 timeframes higher or the next pivotal most of the time.
It depends of the volatility often. The internet is full of the ideas "forex how to set a stop loss" - Ungefähr 15.700.000 Ergebnisse (0,40 Sekunden).
FXcube
  • #284
  • Mar 19, 2014 9:28am Mar 19, 2014 9:28am
Quoting Senan7
Hi, we will wait for the FOMC before new trades. EUR/USD still lower for a bit longer. Your thoughts. Thanks
E.g. waiting for the next bigger price movement after the news and then enter could be an option.
Longer term the EURUSD should go more upwards, till 1.44/1.4780 IMO.
FXcube
  • #285
  • Mar 19, 2014 9:31am Mar 19, 2014 9:31am
Quoting Forexcube
{quote} by rule of thumb I prefere to take at Long Term Investment on Daily or Weekly chart the last support or resistance line. At M5/M15/M30/H1/H4 the last one 1 or 2 timeframes higher or the next pivotal most of the time. It depends of the volatility often. The internet is full of the ideas "forex how to set a stop loss" - Ungefähr 15.700.000 Ergebnisse (0,40 Sekunden). FXcube
Thanks, you are right, SL is a difficult topic. If set too close to the entry, you might get stopped out even on good positions.
Fix up, trade sharp ...
  • #286
  • Mar 19, 2014 9:40am Mar 19, 2014 9:40am
EURUSD, Long @ 1.3903 (4x)
  • #287
  • Mar 19, 2014 9:40am Mar 19, 2014 9:40am
EURUSD, Long @ 1.3902 (2x)
  • #288
  • Mar 19, 2014 9:40am Mar 19, 2014 9:40am
PO EURUSD Long @ 1.3890 (3x)
  • #289
  • Mar 19, 2014 9:42am Mar 19, 2014 9:42am
Quoting Hickson
{quote} Thanks, you are right, SL is a difficult topic. If set too close to the entry, you might get stopped out even on good positions.
something is to be handled flexibly
90% of all trades where traders could set a stop loss are losing trades due to the fact of stop loss hunting by monitoring the bigger price movements.
Oftern the price are coming back if there isn't any bigger trend in the market.
So I say Stop loss is bullsh*t!. It's better taking out the profits between 50-200% every time and trade without stop loss.
Only 2-4 account out of 10 could be pulverized in this case, say 8-10 account are running in a bigger winning zone.
FXcube
  • #290
  • Mar 19, 2014 9:54am Mar 19, 2014 9:54am
Inserted Video

William Byrd: Mass for 4 Voices, The King's Singers
  • #291
  • Mar 19, 2014 9:55am Mar 19, 2014 9:55am
Description by Brian Robins [+]
The Mass for Four Voices (1592-1593) was likely the first of the three great unaccompanied polyphonic mass settings Byrd composed in the 1590s. All three masses are settings of the Ordinary: Kyrie, Gloria, Credo, Sanctus, and Agnus Dei. The scoring of the Mass for Four Voices is often thought to consist of the usual soprano, alto, tenor, and bass, but the closeness of the alto and tenor parts has led some authorities to believe that alto, tenor, baritone, and bass achieves a more satisfactory balance.

http://www.allmusic.com/composition/...b-mc0002361361

Parts/Movements

  1. Kyrie
  2. Gloria
  3. Credo
  4. Sanctus
  5. Agnus Dei

  • #292
  • Mar 19, 2014 9:58am Mar 19, 2014 9:58am
Inserted Video

Thomas Tallis - Lamentation
  • #293
  • Mar 19, 2014 10:03am Mar 19, 2014 10:03am
Quoting Forexcube
{quote} something is to be handled flexibly 90% of all trades where traders could set a stop loss are losing trades due to the fact of stop loss hunting by monitoring the bigger price movements. Oftern the price are coming back if there isn't any bigger trend in the market. So I say Stop loss is bullsh*t!. It's better taking out the profits between 50-200% every time and trade without stop loss. Only 2-4 account out of 10 could be pulverized in this case, say 8-10 account are running in a bigger winning zone. FXcube
So you probably just use a TP. I guess if the MM is right for the account, it can work out. Nevertheless a very wide SL cannot really harm you, just in case you cannot login for some reason over a longer period.
Fix up, trade sharp ...
  • #294
  • Mar 19, 2014 10:05am Mar 19, 2014 10:05am
Inserted Video

Arvo Pärt: The Deer's Cry
  • #295
  • Mar 19, 2014 10:08am Mar 19, 2014 10:08am
Quoting Hickson
{quote} So you probably just use a TP. I guess if the MM is right for the account, it can work out. Nevertheless a very wide SL cannot really harm you, just in case you cannot login for some reason over a longer period.
I don't understand the Stop Loss proponents. If you have work out a multiple market analysis before you start into the market with your investments then there shouldn't be no need for using any stop losses. Plan your trades and trade your plan! The rest is Loss Order Mangement (LOM).
So am I!
FXcube
  • #296
  • Mar 19, 2014 10:11am Mar 19, 2014 10:11am
Inserted Video

Arvo Pärt - Spiegel Im Spiegel (Violin And Piano)
  • #297
  • Mar 19, 2014 10:23am Mar 19, 2014 10:23am
Quoting Forexcube
{quote} I don't understand the Stop Loss proponents. If you have work out a multiple market analysis before you start into the market with your investments then there shouldn't be no need for using any stop losses. Plan your trades and trade your plan! The rest is Loss Order Mangement (LOM). So am I! FXcube
Yes, but it is impossible to be right every time. Plus like I said: If you are not able to open your account for a longer time, which can happen in life, you have a problem if just one position turns heavily against you. On the other points regarding the disadvantages of SL, I agree.
Fix up, trade sharp ...
  • #298
  • Mar 19, 2014 10:27am Mar 19, 2014 10:27am
Quoting Hickson
{quote} Yes, but it is impossible to be right every time. Plus like I said: If you are not able to open your account for a longer time, which can happen in life, you have a problem if just one position turns heavily against you. On the other points regarding the disadvantages of SL, I agree.
Deposits should be enough for several trades into -300 - -800 pips. If not there isn't enough deposits on it.
If so these people are not traders they are more gamblers.
FXcube
  • #299
  • Mar 19, 2014 10:37am Mar 19, 2014 10:37am
Quoting Forexcube
{quote} Deposits should be enough for several trades into -300 - -800 pips. If not there isn't enough deposits on it. If so these people are not traders they are more gamblers. FXcube
It sounds pretty harsh to call people gamblers who for example start trading with smaller accounts and smaller positions. Being a gambler is an attitude, not the amount of money somebody has to his or her use. With right MM, even a 100 euro account is tradable - not with a lot of profits of course. If you can hold several positions with -300 or even - 800 pips that is ok, but for most people it just will not work out. I would not advise that to people who start trading, only people who know what they are doing and have plenty of money to cover their risk.
Fix up, trade sharp ...
  • #300
  • Mar 19, 2014 12:05pm Mar 19, 2014 12:05pm
Hi EUR/USD seems to get ready for some downside action. Your thoughts. Thanks
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