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  • #931,601
  • Oct 24, 2014 1:00pm Oct 24, 2014 1:00pm
Quoting LarryDarrell
{quote} great post, thanks!
its not that i am bullish or think it will get anywhere near 4301. we haven't closed 2606 in a while. and i have a norm near 2800. we can still close the month under 2612 2606. but we can also go higher before. bulls deserve respect while it sorts out and closes
those who can, do. those who cant, talk about those who can
  • #931,602
  • Oct 24, 2014 1:03pm Oct 24, 2014 1:03pm
Quoting Idkurv
{quote} account blown up
How can one blowup an account with margin requirement? Just today I was doing martingale at short intervals with 1:300 leverage. At last point my margin requirement was 70% of my balance. So 70% will remain safe as the broker will automatically sell when margin balance drops to margin required. Unless you have ridiculous leverage like 1:2000 , you can't blow up your account easily.
  • #931,603
  • Oct 24, 2014 1:05pm Oct 24, 2014 1:05pm
Quoting harrysmithm
long 2656 risking 19 pips..
closed +11
  • #931,604
  • Oct 24, 2014 1:10pm Oct 24, 2014 1:10pm
unless germany and austria get a "-/minus" on their rating outlook...then we call it a "weekend"
  • #931,605
  • Oct 24, 2014 1:48pm Oct 24, 2014 1:48pm
Quoting gatorinla
{quote} 2645 was to setup 2693.. i have a norm at 2795 if 2752 area lets it pass... others 2725 and 39.. 2673+ closes are probably bullish.. even 2670
last 4h close was 2674.. day is 13 min. it will be under 3752, a bearish sign. over 2673 has conflicting signs
those who can, do. those who cant, talk about those who can
  • #931,606
  • Oct 24, 2014 2:02pm Oct 24, 2014 2:02pm
Quoting gatorinla
{quote} last 4h close was 2674.. day is 13 min. it will be under 3752, a bearish sign. over 2673 has conflicting signs
2663.5 print.. red from last week,, still a green one above 2612. next weeks is the big one..
those who can, do. those who cant, talk about those who can
  • #931,607
  • Oct 24, 2014 2:11pm Oct 24, 2014 2:11pm
Quoting Nabz
{quote} At last point my margin requirement was 70% of my balance.
Pardon me, Nabz. Your margin issue, IMHO, places you in this elite group.
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  • #931,608
  • Oct 24, 2014 2:16pm Oct 24, 2014 2:16pm
Quoting chazzle
S&P 500 W1 I wouldn't be surprised if S&P pauses/reverses around 50% extension of the 07/09 drop at 2030
biggest month in 3 yrs so far and 1 week to go - can almost call it a hanging man already with 1700 in sight I reckon

S&P 500 MONTHLY
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  • #931,609
  • Oct 24, 2014 11:09pm Oct 24, 2014 11:09pm
Quoting Nabz
{quote} How can one blowup an account with margin requirement? Just today I was doing martingale at short intervals with 1:300 leverage. At last point my margin requirement was 70% of my balance. So 70% will remain safe as the broker will automatically sell when margin balance drops to margin required. Unless you have ridiculous leverage like 1:2000 , you can't blow up your account easily.
If one is using anything above 50:1 it is dangerous. It is not just easy to kill an account with 1:2000, or even 1:300 leverage ........................... it is an abortion of the account....................... it is already gone.
The Thief of Wall Street
  • #931,610
  • Oct 24, 2014 11:18pm Oct 24, 2014 11:18pm
Quoting trader700
{quote} You keep pushing a PULL door and you will come out only with wounded hands
The door now has a "Push" sign for everyone to see. More likely market proves me right this time, but more important is what I do when market proves me wrong.

I just calculate, keep track of the cards, decide how much to bet and when to bet ................................ You cannot easily forget what you learn at MIT, especially as a member of its Blackjack Team and more importantly when you have remained part of this team from 1991 to 1993.
The Thief of Wall Street
  • #931,611
  • Oct 24, 2014 11:51pm Oct 24, 2014 11:51pm
Quoting Kgp
{quote} why not a plain round 1.3250 number?
1.3250 is not sexy enough ............................. alway's add or deduct few pips from a round number, people will think you have some magical formula.
The Thief of Wall Street
  • #931,612
  • Oct 25, 2014 12:05am Oct 25, 2014 12:05am
REading:

http://www.tradermike.net/2004/05/tr...01_expectancy/
  • #931,613
  • Oct 25, 2014 1:11am Oct 25, 2014 1:11am
it was a very slow friday EUR/USD was trading around the support unable to break it. I think we will see a correction with the start of next week price most probably will test 1.2700
  • #931,614
  • Oct 25, 2014 1:18am Oct 25, 2014 1:18am
i think it will be better than expected so eurusd will gap up on monday
don't find the correct answer in market. just feel it and follow the wave.
  • #931,615
  • Oct 25, 2014 1:48am Oct 25, 2014 1:48am
Quoting gatorinla
it will be under 3752, a bearish sign.
Oh yes.
Fail better.
  • #931,616
  • Oct 25, 2014 3:05am Oct 25, 2014 3:05am
Quoting Chicky
{quote} If one is using anything above 50:1 it is dangerous. It is not just easy to kill an account with 1:2000, or even 1:300 leverage ........................... it is an abortion of the account....................... it is already gone.
FALSE. whats matters is what percentage of your account you risk per trade
  • #931,617
  • Edited 3:51am Oct 25, 2014 3:25am | Edited 3:51am
Quoting sherifFares
it was a very slow friday EUR/USD was trading around the support unable to break it. I think we will see a correction with the start of next week price most probably will test 1.2700
that's strange this is exactly what i am thinking... something goes wrong with the MFI/close price. MFI is very higher than the price increased on H4... is it possible that we will have a gap or something like that?. ...if it doesn't occur then the support will be ready to break? price just made a very lower high...
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DONT ASK ME QUESTION, BUT U CAN BAN ME I DONT CARE!
  • #931,618
  • Oct 25, 2014 5:25am Oct 25, 2014 5:25am
Not a big fan of the MFI, but I do think that price will be going up when the market opens. It will probably test the 1.2688 resistance and only if it breaks that, it will go to 1.27 and higher. If it doesn't, I'm taking a short...
  • #931,619
  • Edited 10:53am Oct 25, 2014 10:39am | Edited 10:53am
Quoting ericnyamu
{quote} FALSE. whats matters is what percentage of your account you risk per trade
Could you kindly elaborate your statement. If one believes in lower or even moderate risk per trade, what is the purpose of high leverage? What leverage mutual funds, banks and other financial institutions use for their short or longer term currency trading operations? Brokers who offer high leverages, what level of leverage they use for their own trades, if they have short or long term trading operations in addition to brokerage operations? If one narrows down stop loss, how many times can survive spread widening and normal market fluctuations? Spread widening quickly hit sl but push the tp further away. Have you ever experienced 30 pips spread, 45 pip spread and 100 pip spread by one of the most reliable brokers? I have.
The Thief of Wall Street
  • #931,620
  • Oct 25, 2014 10:51am Oct 25, 2014 10:51am
Quoting Chicky
{quote} Could you kindly elaborate your statement. If one believes in lower or even moderate risk per trade, what is the purpose of high leverage? What leverage mutual funds, banks and other financial institutions use for their short or longer term currency trading operations? Brokers who offer high leverages, what level of leverage they use for their own trades, if they have short or long term trading operations in addition to brokerage operations?

Actually he is right, what matters is what percentage of your account you risk per trade.

Leverage is good if used correctly.. Obviously if you open 5 lot with high leverage with a small account, you are a goner but used correctly is very useful, if you got low balance leverage is a necessity...


If you have 1.000$ some degree of leverage is necessary. If you have 10K then low leverage is okay.
Buy at the Low, Sell at the High You make money by waiting not by trading.
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