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  • #895,501
  • May 6, 2014 11:12pm May 6, 2014 11:12pm
Quoting aarontdang
{quote} I would wait until it getting higher! its not stopping yet, they haven't take out weak short Not counting more people would rush to cover their short. gonna be a big spike!
even I am intersted to know what news will spike it now.
  • #895,502
  • May 6, 2014 11:20pm May 6, 2014 11:20pm
Quoting giveachance
no matter what some of the new muppets who have joined this thread call I am going to short the euro big time.
Short ok here IMO, for a pullback.. just need to figure out where to TP before she resumes the trend.
Maybe 3850.. 75 pips or so ..but who knows
  • #895,503
  • May 6, 2014 11:29pm May 6, 2014 11:29pm
Quoting giveachance
{quote} even I am intersted to know what news will spike it now.
I'm thinking it will reach 1.3950 again before coming down.
It's hard to said, look at the percentage of people short now.
Everyone calling short it keep go up .
it need to break 1.3920 first before going down
  • #895,504
  • May 6, 2014 11:32pm May 6, 2014 11:32pm
Quoting slow-trader
{quote} of course, but that much leverage ... a news spike will kill your account. I just don't understand why people trade with that high leverage. Good luck though.
Try this for high leverage then
http://www.forexfactory.com/showthread.php?t=444377

It is impossible to comment on others leverage without knowing their strategies.
Eg. say someone had a 98% win rate but with high risk. They may lose 20% of an account with two loses in one week but the following 4 weeks they have no loses and gained 40%. Fair strategy? It is all relative and any strategy that can pull money from the market is a good one imo.

By saying this I'm not intending to take sides or enter any arguments and I do believe the forex market needs to be treated like an investment (0.5-4% risk). For this to take place however I also believe a 50K+ account is needed unless people are young and have a spare 10 years up their sleeve to build it to that level. That is where high risk strategies come into play to gain the initial capital needed to make it become an investment.

Just my 2cents worth.
As the lights go by so too do the shadows move
  • #895,505
  • May 6, 2014 11:49pm May 6, 2014 11:49pm
Quoting Matts Micro
{quote} Try this for high leverage then http://www.forexfactory.com/showthread.php?t=444377 It is impossible to comment on others leverage without knowing their strategies. Eg. say someone had a 98% win rate but with high risk. They may lose 20% of an account with two loses in one week but the following 4 weeks they have no loses and gained 40%. Fair strategy? It is all relative and any strategy that can pull money from the market is a good one imo. By saying this I'm not intending to take sides or enter any arguments and I do believe...
well but 50k+ account??????
  • #895,506
  • May 6, 2014 11:52pm May 6, 2014 11:52pm
Quoting aarontdang
{quote} I'm thinking it will reach 1.3950 again before coming down. It's hard to said, look at the percentage of people short now. Everyone calling short it keep go up . it need to break 1.3920 first before going down
look if you are looking at the retail figures of short and long side which I presume forexfactory is showing then it means shit. retail are just 2% of the market. having said that by your own logic just because 80% are short markets will go down does not make sense. when euro was at 1.28 couple of years back the ratio was in favour of the short side and euro still went down. yesterday nzd shorts were 80% and longs were 20% so by your own logic again kiwi must have gone to 0.88 look where it is.
  • #895,507
  • May 6, 2014 11:53pm May 6, 2014 11:53pm
Quoting ffleo
{quote} hey buddy, your avatar scares me. who is that person?
One of my favorite philosophers but he is much more then that

Georges Ivanovitch Gurdjieff
Half Greek half Armenian born in city not far where I grew up.
In trading, you have to be defensive and aggressive at the same time
  • #895,508
  • May 6, 2014 11:55pm May 6, 2014 11:55pm
Quoting rbetancor
{quote} No man, I have no cristal ball ... I have MATHs knowleadge, I do maths calcs ... and from that I get entry-exit zones ... % of probabilites on targets and reactions ... and act based on that. You could search for my past posts and you could see, that most of times been perfectly ok and with more than 8h of anticipation AT LEAST. People tend to 'react' ... or better say ... 'over-react' to a move ... Last Friday was a clear example ... 60 pips drop ... and everyone calling 1.37-1.36 as targets ... I was ready (and told so on the morning)...
Hi RB
I am glad you took my post right way.If it works continue.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #895,509
  • May 6, 2014 11:58pm May 6, 2014 11:58pm
Quoting giveachance
{quote} look if you are looking at the retail figures of short and long side which I presume forexfactory is showing then it means shit. retail are just 2% of the market. having said that by your own logic just because 80% are short markets will go down does not make sense. when euro was at 1.28 couple of years back the ratio was in favour of the short side and euro still went down. yesterday nzd shorts were 80% and longs were 20% so by your own logic again kiwi must have gone to 0.88 look where it is.
Let just said ... anything can happen.
Retailers so small that's why they keep getting slaughter!

Very tempted to long now @ 1.3926 SL 9 PIPS should be good
Reward can be nice! News in 1hr, let see what happen
  • #895,510
  • May 7, 2014 12:09am May 7, 2014 12:09am
Quoting aarontdang
{quote} Draghi cant do shit yet! just talk we need action! ECB said it was high @ 1.38 already Need to learn to accept loss. As long you still have capital you still can make it back. But holding underwater positions sux.
I think Rambo is going to kick his punny ass once again.
Attached Image
  • #895,511
  • May 7, 2014 12:18am May 7, 2014 12:18am
Hi Guys,

Daily analysis,

EU on uptrend, retracement at 1.3900/05, swing buy with TP1 1.3970/75, TP2 1.3995/00, TP3 1.4035/40, IF breakout sell TP1 1.3865/70, TP2 1.3835/40, TP3 1.3800/05

Good luck
  • #895,512
  • May 7, 2014 12:20am May 7, 2014 12:20am
Quoting giveachance
{quote} well but 50k+ account??????
How long do you think it takes the average trader to make a 100% gain on an account keeping risk at the advised levels? If a person started with say $5000 to get to $50 000 that is a 1000% gain, of course compounding makes it easier toward the end but it will take some serious trading imo. Now do the same rewards if you started with $50k.
As the lights go by so too do the shadows move
  • #895,513
  • May 7, 2014 12:20am May 7, 2014 12:20am
Quoting aarontdang
{quote} Draghi cant do shit yet! just talk we need action! ECB said it was high @ 1.38 already Need to learn to accept loss. As long you still have capital you still can make it back. But holding underwater positions sux.
Hi
I looked at your explorer and its obvious you are over trading -102pip -$800 is overkill on 4k account.
I have 12 positions on EU all red and total net is less then -500 dollars and my account is lot bigger then yours.
When you advise someone to take a loss I wonder why you let yours to get to -800 -102pips
regards
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #895,514
  • May 7, 2014 12:32am May 7, 2014 12:32am
Quoting ruffryders
{quote} I think Rambo is going to kick his punny ass once again. {image}
ok I will be waiting for rambo but I bet if the euro falls by tomorrow you won't be here.
  • #895,515
  • May 7, 2014 12:37am May 7, 2014 12:37am
FXRAT reporting for duty

Risk off theme in Asia last night with the nikky down quite strong
and JPY strength.
euro and cable both off course been quite bullish now since NFP.
Out of my trades now and won't enter until the London exchange
opens 8am GMT.

Euro looking vulnerable at the moment hence why I'm not still
long but certainly wouldn't consider trading until after London
open
rat
  • #895,516
  • May 7, 2014 12:38am May 7, 2014 12:38am
Quoting Davit
{quote} Hi I looked at your explorer and its obvious you are over trading -102pip -$800 is overkill on 4k account. I have 12 positions on EU all red and total net is less then -500 dollars and my account is lot bigger then yours. When you advise someone to take a loss I wonder why you let yours to get to -800 -102pips regards {image}
Dude....Look back at previous post.
I said I make a mistake yesterday by not having SL
before I went ro bed

Your account a lot bigger? #???
  • #895,517
  • May 7, 2014 12:45am May 7, 2014 12:45am
The Euro (1.3925) has broken over 1.3900 and hit a high of 1.3951 in this way. Keep an eye if ECB takes some venture close to 1.4000-50 yet a tear over 1.4050 might open the way to tremendous upside targets.
  • #895,518
  • May 7, 2014 12:54am May 7, 2014 12:54am
Quoting aarontdang
{quote} Dude....Look back at previous post. I said I make a mistake yesterday by not having SL before I went ro bed Your account a lot bigger? #???
You are correct I did not see your previous post but you are obviously using lot sizes that don't fit with your account size.
102pips equaling 800 loss or gain is simply over trading.
Just trying to help but you are welcome to dismiss my observation.Its a marathon not a sprint. Getting back from 800 loss is tough because now you are way close to your margin.
This effects traders psychology.Same 25pip spike does nothing to me but to you it could be hair pulling agonizing predicament that may force you take a loss and it could be just a fake.
Lot size effects all aspect of trading.From exit to profit taking.
If you don't have a plan work on one.Figure lot size SL trading style etc.Sort of have business plan and this helps overcoming market fluctuations better.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #895,519
  • May 7, 2014 12:55am May 7, 2014 12:55am
Quoting rattyo
FXRAT reporting for duty Risk off theme in Asia last night with the nikky down quite strong and JPY strength. euro and cable both off course been quite bullish now since NFP. Out of my trades now and won't enter until the London exchange opens 8am GMT. Euro looking vulnerable at the moment hence why I'm not still long but certainly wouldn't consider trading until after London open
when do you report for guilty?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #895,520
  • May 7, 2014 12:58am May 7, 2014 12:58am
Quoting ffleo
{quote} when do you report for guilty?
Not thought about it,
rat
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