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  • #949,261
  • Jan 11, 2015 8:15pm Jan 11, 2015 8:15pm
Quoting Tom_D_Trader
{quote} 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...
You are just confirming the overall point I make. Everyone views risk differently. So, why would anyone make any rule that everyone should follow? That is the main point I make. And I also agree with overall risk assessment. But this is different than % of investment account.

The only rule I'd think applies to anyone and everyone, is not to have all of your money in your investment account.
  • #949,262
  • Jan 11, 2015 8:16pm Jan 11, 2015 8:16pm
is it the rebound finished
Attached Image (click to enlarge)
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or just star now
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  • #949,263
  • Jan 11, 2015 8:19pm Jan 11, 2015 8:19pm
Quoting CuddlesK
is it the rebound finished {image} or just star now {image}
My view is the same, although I did TP on long. I still wouldn't look for short opportunities, until a new low is made, or until I see a confirmed bearish reversal of this little bounce. I'd look to go long when it starts to show bullish signs again. Only a new low would negate my analysis...
  • #949,264
  • Edited 8:39pm Jan 11, 2015 8:23pm | Edited 8:39pm
Quoting benaiah
You are just confirming the overall point I make. Everyone views risk differently.
Well thats for sure.
Quoting benaiah
So, why would anyone make any rule that everyone should follow? That is the main point I make.
Noone does that and noone cares.
Quoting benaiah
But this is different than % of investment account.
I dont get this sentence. We were just having a laugh here about overleveraging account. Since you agree you should have risk diversified between more institutions, you may also agree leverage is counted as a sum of opened trades divided by sum of balances you have deposited at all these institution. Not as a single oveleveraged account crap, while you got 100x more saved at next broker.
Quoting benaiah
The only rule I'd think applies to anyone and everyone, is not to have all of your money in one investment account.
I had to correct a bit last sentence and that is called operation risk management.

Edit: Anyway, I think overall we agree. Hope no offence was taken.
Edit: Recommendation: Dont get easily offended as most of people on internet are assholes, including me, and the same goes for traders. And please be nice to Infinitus. He is a nice guy
"I know one thing, that I know nothing." Sokrates
  • #949,265
  • Edited 9:36pm Jan 11, 2015 8:34pm | Edited 9:36pm
Quoting Tom_D_Trader
{quote} Well thats for sure. {quote} Noone does that and noone cares. {quote} I dont get this sentence. We were just having a laugh here about overleveraging account. Since you agree you should have risk diversified between more institutions, you may also agree leverage is counted as a sum of opened trades divided by sum of balances you have deposited at all these institution. Not as a single oveleveraged account crap, while you got 100x more saved at next broker. {quote} I had to correct a bit last sentence and that is called operation risk management....

Ha ha, good one. I was just ready to reply to you that we agree on most things, and that's good enough, and you beat me to it. No problem. However, I do see a lot of traders all over the internet and even here on FF have strong opinions about risk, and make rules about risk that they think everyone should follow, and criticize others if they don't agree with them. Each has to follow their own path...

Edit: Tom I can't keep up with your edits to your post
Edit: You think I'm offended? I simply posted a viewpoint. Not sure why anyone even felt the need to respond to my post - not that it is a problem for anyone to respond
  • #949,266
  • Jan 11, 2015 10:24pm Jan 11, 2015 10:24pm
Almost ready to close my short term long.
  • #949,267
  • Jan 11, 2015 10:38pm Jan 11, 2015 10:38pm
looks like like the eur will continue to trade between 1.1870's and 1.1840's untill 11 am when europe gets in. then i suppose it will continue bullish to visit 1900 +-
i also think we might see 1990's by tonight or tomorrow noon
  • #949,268
  • Jan 11, 2015 10:50pm Jan 11, 2015 10:50pm
Significant levels in play across all my actively traded pairs (except U/CAD really) and gold. Gold/Euro/Aussie/Yen indicating more of a retrace against the dollar after their strong and significant closes on or beyond s and r- but still leaving the option open for strong price rejections for the alternative.

For Euro I've got 1.1838/28 with a London intraday bottom to test 1.1886. For Aussie 8215/8180 and intraday longs. Strong holds below these levels and gold 1222.35 and the bears are back in play maybe not for a continuation but to test the bottom again and consolidate.
  • #949,269
  • Jan 11, 2015 10:54pm Jan 11, 2015 10:54pm
Quoting OnlineAddict
{quote} Short 1854, target 1780, pending long 1770. I might close the short sooner, we will see.

similar view... can either see the short off 1879 too 1792 then long higher high or if it goes up first too 1904 area then see the short down too 1650 for the week -

Am waiting, not taking any entries yet.... will short if it goes too 1904... may even scalp it up from 1870 if we get too 1890 and pullback and time of day is correct...

On the other hand if we fall too 1828/15 area may scalp up too 1848 then short 1848 too 1790... but either way am side lined until we approach correct time of day and we move up or down first...
  • #949,270
  • Jan 11, 2015 11:40pm Jan 11, 2015 11:40pm
the us dollar chart looks reboundish, could take euro to 1.1800 then 1.1780 then 1.1750 if that happens.
  • #949,271
  • Jan 11, 2015 11:41pm Jan 11, 2015 11:41pm
Eyeing resistance at 1.1870/1.1900.

The region around 1.2000 will be the major source of contention for me to determine whether we'll resume the hefty fall or continue the bounce up to even higher levels.

I don't know about you guys, but I generally only trade the news for the euro/usd, or unless we have clearer patterns set up than this current situation. I'm fine with other pairs, especially ones related to the pound sterling and new zealand dollar, but the euro/usd always makes me wary. Maybe I'm just too unskilled.

For the past year for the euro/usd, I just prefer to take a small short, leave it alone for a week or two while checking occasionally, and then taking partials/profits/adjusting my positions.
  • #949,272
  • Jan 12, 2015 12:09am Jan 12, 2015 12:09am
Good Morning,

Europe is emotionally united today. Euro may strengthen. I will buy the dip (if any)
  • #949,273
  • Jan 12, 2015 1:02am Jan 12, 2015 1:02am
  •  turnfx
  • | Joined Dec 2014 | Status: Only money management is the key of | 334 Posts
still wating for a dip
  • #949,274
  • Jan 12, 2015 1:24am Jan 12, 2015 1:24am
it is now near the down trend line on short term,short it and sl above the previous high.
Attached Image (click to enlarge)
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A chart helps those who can read it.
  • #949,275
  • Jan 12, 2015 1:34am Jan 12, 2015 1:34am
It's to early to predict anything, we are still in a down trend, but now at indecision point, need more data to make further analysis.
  • #949,276
  • Jan 12, 2015 1:35am Jan 12, 2015 1:35am
Quoting ill_be_back
{quote} I have GJ going DOWN to 178.344 Early Sunday, Then a bounce UP back DOWN to 176.19x, Then BIG UP Have A Pending BUY at 176.240
Adding another pending SHORT 179.495
A good trader follows his rules, but great trader knows when to break them
  • #949,277
  • Jan 12, 2015 1:36am Jan 12, 2015 1:36am
Quoting ill_be_back
{quote} Adding another pending SHORT 179.495
after the next LH then GBP/JPY should drop lower.
  • #949,278
  • Jan 12, 2015 1:42am Jan 12, 2015 1:42am
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.
By the time the masses agree that EU downtrend is over, eu WOULD of risen maye 800 pip from where it is now. Wouldn't you agree?
  • #949,279
  • Jan 12, 2015 1:49am Jan 12, 2015 1:49am
Quoting slayeruk
{quote} after the next LH then GBP/JPY should drop lower.
And that would be?
A good trader follows his rules, but great trader knows when to break them
  • #949,280
  • Jan 12, 2015 1:51am Jan 12, 2015 1:51am
Quoting ill_be_back
{quote} And that would be?
To early to say, not yet, I would hold off making any new trades. It could be pretty soon though judging by the current movement.
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