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  • #949,241
  • Jan 11, 2015 5:27pm Jan 11, 2015 5:27pm
Quoting thegmann
sh sh sh short {image}
Lets see what happens
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  • #949,242
  • Jan 11, 2015 5:30pm Jan 11, 2015 5:30pm
Quoting infinitus
{quote} But then again: who is so stupid and leaves a position open over weekend with a leverage of 400:1, 100:1, 50:1 ???
those who can, do. those who cant, talk about those who can
  • #949,243
  • Jan 11, 2015 5:31pm Jan 11, 2015 5:31pm
Quoting infinitus
{quote} But then again: who is so stupid and leaves a position open over weekend with a leverage of 400:1, 100:1, 50:1 ???
A good trader follows his rules, but great trader knows when to break them
  • #949,244
  • Jan 11, 2015 5:34pm Jan 11, 2015 5:34pm
Keep selling UJ..and keep buying short term EU
  • #949,245
  • Jan 11, 2015 5:38pm Jan 11, 2015 5:38pm
wish we could do a quick spot poll to see what most people think, is this just a pull back from the down trend, or is the down trend at an end? the million dollar question.

have been thinking of making a new account and only going for like 200 to 1 with a ecn broker maybe, as long as i find one with no hidden costs. i notice some of them charge you per lot, which seems to mean you will have to cough up wether you win or lose a deal. takes for ever going through all the small print from each company, i guess i should start taking notes, hehe.
  • #949,246
  • Jan 11, 2015 5:40pm Jan 11, 2015 5:40pm
Quoting infinitus
{quote} But then again: who is so stupid and leaves a position open over weekend with a leverage of 400:1, 100:1, 50:1 ???
  • #949,247
  • Jan 11, 2015 5:41pm Jan 11, 2015 5:41pm
EUR/USD looks bullish week for me......Planning for long and will only short below 1.1830

Happy PIPS week for all
  • #949,248
  • Jan 11, 2015 5:50pm Jan 11, 2015 5:50pm
Quoting WeeMee
wish we could do a quick spot poll to see what most people think, is this just a pull back from the down trend, or is the down trend at an end? the million dollar question. have been thinking of making a new account and only going for like 200 to 1 with a ecn broker maybe, as long as i find one with no hidden costs. i notice some of them charge you per lot, which seems to mean you will have to cough up wether you win or lose a deal. takes for ever going through all the small print from each company, i guess i should start taking notes, hehe....

Can you say to me, what 200:1 means?

Do you know the difference between the leverage your broker applies, and the real leverage of your equity in account(risk wise)?
  • #949,249
  • Jan 11, 2015 6:00pm Jan 11, 2015 6:00pm
Quoting thegmann
{quote} Lets see what happens {image}
for me ive switched to concentrate on the larger timeframes, no indicators helped me more than anthing
  • #949,250
  • Jan 11, 2015 6:12pm Jan 11, 2015 6:12pm
Quoting infinitus
{quote} But then again: who is so stupid and leaves a position open over weekend with a leverage of 400:1, 100:1, 50:1 ???
Well thats normal. I myself am massively overleveraged. 2,08:1!

Edit: ah stupid me. You mean 200:1. Thought 2:1 .
"I know one thing, that I know nothing." Sokrates
  • #949,251
  • Jan 11, 2015 6:16pm Jan 11, 2015 6:16pm
Quoting Tom_D_Trader
{quote} Well thats normal. I myself am massively overleveraged. 2,08:1! Edit: ah stupid me. You mean 200:1. Thought 2:1 .

  • #949,252
  • Jan 11, 2015 6:23pm Jan 11, 2015 6:23pm
Quoting mkvy
{quote} for me ive switched to concentrate on the larger timeframes, no indicators helped me more than anthing
bailed out of that 1st short BE i see 1.18787 as much better position to enter. Price is looking like it will for sure test this level. Didn't feel like holding first trade will enter short at 1.18787 and then again at 1st trade level if get good rejection.
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  • #949,253
  • Jan 11, 2015 6:25pm Jan 11, 2015 6:25pm
i thought most forex traders were using accounts that offer leverage. it doesn't mean you have to use it to the max, in fact ideally you don't open a position for more then 1% of your account. but yeah i can get a contract for difference on 10k for 28 dollars approx. it means mistakes are very costly.
  • #949,254
  • Edited 7:29pm Jan 11, 2015 6:59pm | Edited 7:29pm
Interesting posts here today. As far as leverage goes, I don't like to be limited. There are a lot of factors involved in terms of how much risk, whether to hold over the weekend, when to bail on any particular open position, not to mention currency correlations that can also increase risk, or offer hedging.

The other thing is, how much money to keep in a forex account, verses how much total money one has to invest. The way I see it, I'd rather risk 50-100% of my forex account on a set of trades, which is only 5% of my total available funds, rather than risk 2-5% of all the money I have to invest. In other words, I'll use high leverage and risk heavy draw-downs on my account, but it is really not a big deal to me since I don't keep my life savings in my forex account.

The above is why no one can really make a rule on what % of your account to invest, since no one really knows how much money one has at there disposal.

Another example, is if someone has another source of income, that would enable them to replenish their account within a few weeks or a month, then the % of their account they'd risk would be more than someone who has no other money to invest, and limited funds to replenish their account...

Anyway, back to EU - My EU outlook is: 1.20 by end of week, and 1.25 within 4-5 weeks.
  • #949,255
  • Jan 11, 2015 7:28pm Jan 11, 2015 7:28pm
Quoting benaiah
Interesting posts here today. As far as leverage goes, I don't like to be limited. There are a lot of factors involved in terms of how much risk, whether to hold over the weekend, when to bail on any particular open position, not to mention currency correlations that can also increase risk, or offer hedging. The other thing is, how much money to keep in a forex account, verses how much total money one has to invest. The way I see it, I'd rather risk 50-100% of my forex account on a set of trades, which is only 5% of my total available funds, rather...

OK, when that is your regular maths......


I mean when the maths is:

OK, when my account gets bust, I will transfer fresh money............
  • #949,256
  • Jan 11, 2015 7:32pm Jan 11, 2015 7:32pm
Quoting infinitus
{quote} OK, when that is your regular maths...... I mean when the maths is: OK, when my account gets bust, I will transfer fresh money............
"account gets bust" so what? Who cares? And yes, IF my account is blown, then yes, I'll replenish. I don't see how this is hard to understand. It's a loss. It happens in Forex. It is a matter of accepting risk, verses % of account or amount of money.

You seem to miss the point, so I will explain more. If I choose to risk $50, what makes the difference if this is 50% of my forex account or 2%? It makes no difference. It is still a $50 dollar risk. And if I do not have a problem with risking this much, then who cares if it means a blown account? Get it?
  • #949,257
  • Jan 11, 2015 7:34pm Jan 11, 2015 7:34pm
Quoting KillerWhale
"Everyone is an expert, yet no one has a Live Trade Explorer" And why should they?
You right. Everyone makes lies claiming what they don't know and hide their huge live red accounts . Pity those who believe in those lies.
  • #949,258
  • Jan 11, 2015 7:50pm Jan 11, 2015 7:50pm
Quoting benaiah
{quote} "account gets bust" so what? Who cares? And yes, IF my account is blown, then yes, I'll replenish. I don't see how this is hard to understand. It's a loss. It happens in Forex. It is a matter of accepting risk, verses % of account or amount of money. You seem to miss the point, so I will explain more. If I choose to risk $50, what makes the difference if this is 50% of my forex account or 2%? It makes no difference. It is still a $50 dollar risk. And if I do not have a problem with risking this much, then who cares if it means a blown account?...

OK, did not think we are talking peanuts

For me the calculation is easy:


for every hour I am sitting on my trading desk or doing analytics, I want to have a fair compensation

nothing more to say
  • #949,259
  • Jan 11, 2015 7:53pm Jan 11, 2015 7:53pm
Quoting infinitus
{quote} OK, did not think we are talking peanuts For me the calculation is easy: for every hour I am sitting on my trading desk or doing analytics, I want to have a fair compensation nothing more to say
No one said we talk about peanuts. I used $50 dollar example. If you want to make it $50,000 it doesn't change the point.

The point is, why would anyone be stupid enough to keep all of their money in their forex account.
  • #949,260
  • Jan 11, 2015 8:11pm Jan 11, 2015 8:11pm
Quoting benaiah
The point is, why would anyone be stupid enough to keep all of their money in their forex account.
You dont have to have all money in FX account. But some of us, like me for example, measure leverage as a leverage of whole investment portfolio, and not some little FX account. For second, transaction costs of moving cash in and out of broker aint actually small, as most of banks (at least in Czech) have spread @ 2%. So...
"I know one thing, that I know nothing." Sokrates
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