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  • #11,501
  • Mar 25, 2014 4:40am Mar 25, 2014 4:40am
This is demo trade on pepperstone just got 18 pips on it
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  • #11,502
  • Mar 25, 2014 4:41am Mar 25, 2014 4:41am
Quoting SaiLyfee
GU CPI long is looking sort of appetising to me...more so than the IFO anyways.. We'll see if I can gather the courage in about 20 mins
I took the plunge and entered long 1 lot and made profit, I had a perfect entry and exit on the news candle and now seeing it back down to exactly what is was is a pretty amazing feeling. Thank you guys See you next time, probably for the NZD trade balance
  • #11,503
  • Mar 25, 2014 4:47am Mar 25, 2014 4:47am
Quoting HannesJoub
Well that sucked... SL got hit within the spread widening... H
if spread wide..that broker is cheating...play with fix spread like insta,,,because we fundamental trader ...just let your money out from that broker
play with broker that have fix spread...because we fundamental trader..if spread high we cannot get money
"Trap The RED News"
  • #11,504
  • Mar 25, 2014 5:02am Mar 25, 2014 5:02am
This was my CPI trade btw...
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  • #11,505
  • Mar 25, 2014 5:23am Mar 25, 2014 5:23am
Quoting Starhunter
{quote} New Home Sales is not that high impact in my opinion. And there are too many red news for this week. I think that sort of reducing the impact for each news. I'd rather stick with a few but very important news to ensure a high statistical edge.

thanks for the info.
  • #11,506
  • Mar 25, 2014 8:32am Mar 25, 2014 8:32am
Going to try my hand at New home sales and Consumer confidence in 30 mins.

Anyone in for the ride?

Cheers

H

  • #11,507
  • Mar 25, 2014 8:45am Mar 25, 2014 8:45am
Quoting HannesJoub
Going to try my hand at New home sales and Consumer confidence in 30 mins. Anyone in for the ride? Cheers H
which pair do you trade E/U or G/U ?
  • #11,508
  • Mar 25, 2014 8:51am Mar 25, 2014 8:51am
Quoting HannesJoub
Going to try my hand at New home sales and Consumer confidence in 30 mins. Anyone in for the ride? Cheers H
I already got a 0SL on short Ucad

Will try my luck with EurGbp Buy on this news.

What is your selections?
  • #11,509
  • Mar 25, 2014 8:52am Mar 25, 2014 8:52am
Quoting skyline
{quote} which pair do you trade E/U or G/U ?
I don't really look at fundamentals or technicals to be honest, if that is what you are driving to.

At the moment I have an E$ trade open from earlier today (German IFO), so to avoid muddling the waters there, I am looking at going with UCAD, spread is very reasonable...

I have developed a dislike in any GBP based pairs as they seem to be very volatile at the moment with plenty whip at all times, so I am considering avoiding GBP pairs.

Would you perhaps have any suggestions for me to look at?

H

  • #11,510
  • Mar 25, 2014 8:56am Mar 25, 2014 8:56am
Quoting HannesJoub
{quote} I don't really look at fundamentals or technicals to be honest, if that is what you are driving to. At the moment I have an E$ trade open from earlier today (German IFO) in E$, so to avoid muddling the waters there, I am looking at going with UCAD, spread is very reasonable... I have developed a dislike in any GBP based pairs as they seem to be very volatile at the moment with plenty whip at all times, so I am considering avoiding GBP pairs at all times... Would you perhaps have any suggestions for me to look at? H
no no HannesJoub, it was only just curosity, i think i will try with EU just because spread is lower than GU or UCAD, let's cross fingers
  • #11,511
  • Mar 25, 2014 9:11am Mar 25, 2014 9:11am
Well, that news seems to be a snoozefest.

Aw man, every time I post about a position it gets stopped out...

That E$ position was stopped out for +45 pips. Seeing as I did not adjust lot size downwards after the previous 3 (!!!3!!!) losses of this morning, I am actually at BE / in slight profit for the week...thus far proving (or rather not disproving) my assumptions that you should endeavour to keep lot sizes constant, especially after losses.

I am satisfied.

I will be looking at Draghi's speech as well, on E$ seeing as I have no position there now...

Cheers

H

  • #11,512
  • Mar 25, 2014 9:19am Mar 25, 2014 9:19am
Quoting NickkiT
{quote} I already got a 0SL on short Ucad Will try my luck with EurGbp Buy on this news. What is your selections?
I got out of my UCAD pendings, so I missed that blip...

Concerning EURGBP, again there is the GBP component that I, personally, am not fond of, but that pair in general is, well, for lack of a better word, for me, blech...for Draghi's speech I will look at E$. Good luck to you.

H

  • #11,513
  • Mar 25, 2014 11:27am Mar 25, 2014 11:27am
I may just exclude Draghi's speeches as well, man, price drifts upwards and then the bottom falls out by around 40 pips to ruin my days stats...Ag well, that is the way the banana bends I guess

H

  • #11,514
  • Mar 25, 2014 11:49am Mar 25, 2014 11:49am
Lol i just saw this article and all I could think about was 'Tony'

http://www.theguardian.com/business/...e-arrested-fsa
  • #11,515
  • Mar 25, 2014 11:58am Mar 25, 2014 11:58am
Quoting HannesJoub
I may just exclude Draghi's speeches as well,....
On many speeches Draghi's tongue seems plated with gold,I just took the 15min pinbar to play - already at b/e but not with big position,since the next news a tomorrow core durable good,setting my tp at 100 pips and give it a go,I'm not Irish but might get lucky
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  • #11,516
  • Mar 25, 2014 2:22pm Mar 25, 2014 2:22pm
Quoting HannesJoub
I may just exclude Draghi's speeches as well, man, price drifts upwards and then the bottom falls out by around 40 pips to ruin my days stats...Ag well, that is the way the banana bends I guess H
Thank's for publish your Trade Explorer HannesJoub !

I know your trading is different like Tony's , but i missed a Trade Explorer of Tony.


Winner are always loudly, loser are always quietly!
  • #11,517
  • Mar 25, 2014 2:56pm Mar 25, 2014 2:56pm
Quoting mvp77
{quote} Thank's for publish your Trade Explorer HannesJoub ! I know your trading is different like Tony's , but i missed a Trade Explorer of Tony. Winner are always loudly, loser are always quietly!
He shows loses.. Not many people are loud about a losing trade...

and where is your trade explorer? Just a pointless post imo...

Practice what you preach
  • #11,518
  • Mar 25, 2014 2:59pm Mar 25, 2014 2:59pm
Quoting mvp77
{quote} Thank's for publish your Trade Explorer HannesJoub ! I know your trading is different like Tony's , but i missed a Trade Explorer of Tony. Winner are always loudly, loser are always quietly!
Believe me, I have wanted to tear the trade explorer down more than once this month...

It feels crappy taking loss and even crapier sharing it with the whole inter-web thingy...

But, the sun will shine tomorrow, I think.

H

  • #11,519
  • Mar 25, 2014 3:28pm Mar 25, 2014 3:28pm
Everybody takes losses. Trade explorers mean nothing. The only thing they are good for is to make you feel better when someone else took a loss. LOL
  • #11,520
  • Mar 25, 2014 3:41pm Mar 25, 2014 3:41pm
Quoting HannesJoub
{quote} Believe me, I have wanted to tear the trade explorer down more than once this month... It feels crappy taking loss and even crapier sharing it with the whole inter-web thingy... But, the sun will shine tomorrow, I think. H
I think if you back off the leverage and position size and only risk 1-2% of your account balance per trade, instead of what looks like 1% risk per pip, you can claw it back as long as you make a plan and get disciplined about it. You're account isn't too far gone to bring it into profit.

20% drawdown on an 18 pip loss is waaaaaaaaaaaaaaay way, way too much. That is 10 times what I lose in a 20 pip loss. This is a marathon, not a sprint. Only a small handful ever get lucky and get rich quick, the rest go broke.


That said, I have my FXtrade account funded, am comfortable with the platform and have a plan to trade the news starting next week........ And I risked 2 pips on a 1 dollar trade LOL so I could activate the trade explorer and make it visible. I'm going to share the pleasure and pain.
I don't care which way the market is going as long as it's going my way
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