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  • #894,841
  • May 5, 2014 1:09am May 5, 2014 1:09am
Well looks like we are going for the frank fake today, starting to rally closer to 1.39 might be just enough to take out the buy stops then like our beloved Euro loves to do and chop the other way.
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All posts are my personal opinion
  • #894,842
  • May 5, 2014 1:16am May 5, 2014 1:16am
Quoting Rtm
Well looks like we are going for the frank fake today, starting to rally closer to 1.39 might be just enough to take out the buy stops then like our beloved Euro loves to do and chop the other way. {image}
was just thinking the same thoughts, once i realized London closed today..
hopefully not much higher than 3900
hmmm where will New York take this?
  • #894,843
  • May 5, 2014 1:22am May 5, 2014 1:22am
Quoting 2012mysterio
{quote} was just thinking the same thoughts, once i realized London closed today.. hopefully not much higher than 3900 hmmm where will New York take this?
If UK session dont want to bring down im sure NY will give it a shot if the opportunity presents itself
All posts are my personal opinion
  • #894,844
  • May 5, 2014 1:31am May 5, 2014 1:31am
Quoting eitan1010
i dont understand why tradeds here fight the major trend...anyway GL all
Well somewhere along the line you will be going against a trend in terms of the time period of price direction relative to your executed order type. My opinion is we definitely have aup trend in place and I am looking to squeeze out the last possible bits I can
All posts are my personal opinion
  • #894,845
  • May 5, 2014 1:33am May 5, 2014 1:33am
wonder if it will make it thru this resistance 3880 zone..its bounced 4 times already..thinking of adding shorts here as well..
  • #894,846
  • May 5, 2014 1:33am May 5, 2014 1:33am
i dont understand why traders here fight the major trend...anyway GL all
when GOD brings you a challenge he also gives you the power to deal with it
  • #894,847
  • May 5, 2014 1:45am May 5, 2014 1:45am
Quoting eitan1010
i dont understand why traders here fight the major trend...anyway GL all
Yes I agree. I learned not to try picking tops and bottoms, as usually it keeps going and going.. Countertrend trades ok though too sometimes .. I'm not a bear or bull. Just try to trade the winning side
  • #894,848
  • May 5, 2014 1:47am May 5, 2014 1:47am
Quoting eitan1010
i dont understand why traders here fight the major trend...anyway GL all
Cause many think, either it is too late to join the trend or we are at the end of it...
  • #894,849
  • May 5, 2014 1:49am May 5, 2014 1:49am
so basically just follow the trend and we'll all get profits. fair
  • #894,850
  • May 5, 2014 1:57am May 5, 2014 1:57am
Quoting Insomniacc
so basically just follow the trend and we'll all get profits. fair
With the appropriate leverage, proper risk management & strict money management...
  • #894,851
  • May 5, 2014 2:01am May 5, 2014 2:01am
Quoting math_GB
{quote} With the appropriate leverage, proper risk management & strict money management...
exactly.. took me awhile to get to that point, easier said than done..but doable with time and experience and lots of lessons on the way..lol
  • #894,852
  • May 5, 2014 2:05am May 5, 2014 2:05am
Quoting math_GB
{quote} With the appropriate leverage, proper risk management & strict money management...
Most are here doing counter trading, using high leverage ... it is quite hard with this setting to follow a trend!
"It's the Margin, Stupid."
  • #894,853
  • May 5, 2014 2:10am May 5, 2014 2:10am
hey all, just a general opinion question to anyone, what would you consider appropiate leverage?
..just curious as my broker doesn't allow more than 33:1 on EU for example.. i can't imagine trading with 400:1, but to each his own i guess.. thx
  • #894,854
  • May 5, 2014 2:15am May 5, 2014 2:15am
Quoting Vachus
{quote} Most are here doing counter trading, using high leverage ... it is quite hard with this setting to follow a trend!
It is human nature I guess, I knew the heater was hot, I still had the desire to touch it and burn myself. I knew I shouldn't have hit that bully boy in the nuts at high school still I did... I knew I shouldn't have spent all my money on booze and partying that month at the College, still I did... The list can go on...

Main idea is, it is human nature, we expect the miracles to happen and most likely results will not destroy our well-being and with this FX case our accounts....
  • #894,855
  • May 5, 2014 2:16am May 5, 2014 2:16am
Quoting 2012mysterio
hey all, just a general opinion question to anyone, what would you consider appropiate leverage? ..just curious as my broker doesn't allow more than 33:1 on EU for example.. i can't imagine trading with 400:1, but to each his own i guess.. thx
If you look at it like this, you should be fine: Leverage is a measure of confidence, so you can take a trade on 1 - 3 if you have a low confidence in the trade, 5 - 10 medium, and then 10 to -20 high to very high! Above 20, you put yourself at risk.
"It's the Margin, Stupid."
  • #894,856
  • May 5, 2014 2:16am May 5, 2014 2:16am
this is simply no man's land for me. Considering the majority of retail traders have short open positions I expect this to go north but being little changed from open/close it should take a big shakeup to be able to see anything vaguely tradeable. Charts remain bullish. Contrarian approach is not for me...I will buy the dips if any.
  • #894,857
  • May 5, 2014 2:18am May 5, 2014 2:18am
Quoting 2012mysterio
hey all, just a general opinion question to anyone, what would you consider appropiate leverage? ..just curious as my broker doesn't allow more than 33:1 on EU for example.. i can't imagine trading with 400:1, but to each his own i guess.. thx
33:1 Max is a very good leverage and your broker is a good one I believe. There are some which even offer 1:1000 ,stay away from them...
  • #894,858
  • May 5, 2014 2:22am May 5, 2014 2:22am
Beginning of the year, month, week, day, most of my trades (90%) are against central pivots. Very simple and works better when market is like this.
70% chance price will hit 1.3844...
We watch the charts from every angle so you don't have to!!
  • #894,859
  • May 5, 2014 2:22am May 5, 2014 2:22am
Quoting math_GB
{quote} 33:1 Max is a very good leverage and your broker is a good one I believe. There are some which even offer 1:1000 ,stay away from them...
What 1000? I found one offering 3000 something
"It's the Margin, Stupid."
  • #894,860
  • May 5, 2014 2:25am May 5, 2014 2:25am
Quoting Vachus
{quote} What 1000? I found one offering 3000 something
Blimey...! PM me that one, I want to bankrupt them...
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