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  • #965,961
  • Mar 5, 2015 12:22am Mar 5, 2015 12:22am
Quoting XXiXX
{quote} 1000 pips with 0.01 lot size yeah so that gives you 100$ very impressive, I make 100$ on each 3 pips. so better talk money and not pips.
I'd Disagree with that statement, if you want to judge whether the person has a good trading technique or not it comes down to how much pips he gained
because you can for example do this.
say you entered 1 LOT, lost 2000 USD thats 200 pips lost.
then he decides to go haywire and revenge trade.... 5 Lots, won 3000 USD, thats only a 60 pips gain...
overall the account is up by 1000 USD, but pip wise its still -140 pips under water....
so you can see its not the money that shows the trading skill. its the amount of pips a trader can gain. trade sizes are a cover up.

besides. for a trader with 1000 usd to get up to 2000 is the same as a trader to get from 1million up to 2 million...
in fact its probably harder for the smaller guy to get from 1000 to 2000, because.
1. he cant influence the market.
2. he is constantly being cornered by brokers who cant go any lower than 0.01 lot when things go tits up for them..... meanwhile the guys millions to play with have literally countless more size variation to play with....

so I actually salute traders who managed to get an account to grow from 100 USD, because its incredibly hard to do it.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #965,962
  • Mar 5, 2015 12:23am Mar 5, 2015 12:23am
Quoting Kofmaster
{quote} pls go check with dukascopy whats the minimum deposit amount you need to start an account with them.
They reduced it to USD 100 in the past couple years. Was 10.000 and 1.000 previously.
  • #965,963
  • Mar 5, 2015 12:29am Mar 5, 2015 12:29am
Quoting fxtyrant
{quote} I'd Disagree with that statement, if you want to judge whether the person has a good trading technique or not it comes down to how much pips he gained because you can for example do this. say you entered 1 LOT, lost 2000 USD thats 200 pips lost. then he decides to go haywire and revenge trade.... 5 Lots, won 3000 USD, thats only a 60 pips gain... overall the account is up by 1000 USD, but pip wise its still -140 pips under water.... so you can see its not the money that shows the trading skill. its the amount of pips a trader can gain. trade...
Very true, agree on all of this. Define how many pips you can make consistently has been the key for me. Then MM the rest/sizing etc..
  • #965,964
  • Mar 5, 2015 12:31am Mar 5, 2015 12:31am
btw.. holding position from january to february for measly $100?

Man I have to eat shit then . I'm a full-time trader.
Read the entire market, money is made on the main trend not the fluctuation
  • #965,965
  • Mar 5, 2015 12:31am Mar 5, 2015 12:31am
Quoting fxtyrant
{quote} I'd Disagree with that statement, if you want to judge whether the person has a good trading technique or not it comes down to how much pips he gained because you can for example do this. say you entered 1 LOT, lost 2000 USD thats 200 pips lost. then he decides to go haywire and revenge trade.... 5 Lots, won 3000 USD, thats only a 60 pips gain... overall the account is up by 1000 USD, but pip wise its still -140 pips under water.... so you can see its not the money that shows the trading skill. its the amount of pips a trader can gain. trade...
going to trade the many major news happening today?
A 1 pip gain is better than a 1 pip loss.
  • #965,966
  • Mar 5, 2015 12:43am Mar 5, 2015 12:43am
Quoting Kofmaster
btw.. holding position from january to february for measly $100? Man I have to eat shit then . I'm a full-time trader.
if you want to boast your pips counts, atleast post the full pic without covers, you can just remove account number.
Never chase the market
  • #965,967
  • Mar 5, 2015 12:46am Mar 5, 2015 12:46am
cable dropping into support 5225ish, - 5208 been impressive dump tho in 4th of the last 6 days dumping, what is the chance of a decent bounce
If you are new to Forex? Say Goodbye to your account!!
  • #965,968
  • Mar 5, 2015 12:56am Mar 5, 2015 12:56am
Quoting aeternum
{quote} going to trade the many major news happening today?
well i would let the dust settle
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #965,969
  • Mar 5, 2015 1:00am Mar 5, 2015 1:00am
gotta at least bounce back to 1.11000. not too much to ask
  • #965,970
  • Mar 5, 2015 1:02am Mar 5, 2015 1:02am
Quoting USD-Bear
chanced a long EU @ 1,1075 USDOLLAR D1: {image}
no go, stopped -20
Don't be a hero. Don't have an ego. Always question yourself
  • #965,971
  • Mar 5, 2015 1:12am Mar 5, 2015 1:12am
Quoting USD-Bear
{quote} no go, stopped -20
good to see you around bro, I know you have keen eyeball on dixie, sorry for your red pip, one of the curses of trading, no worry to super guru traders who never get them
If you are new to Forex? Say Goodbye to your account!!
  • #965,972
  • Mar 5, 2015 1:19am Mar 5, 2015 1:19am
for today, i am only looking for reversal button
the price is oversold and it's hard to continue on that direction as today we have a big news that makes a rally.
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  • #965,973
  • Mar 5, 2015 1:23am Mar 5, 2015 1:23am
Gidday EUR/US

Thought the EUR banks would all hold hands

an start dumping into longs

Man its not their money

That is the difference this time

we have had no real bounces yet
  • #965,974
  • Mar 5, 2015 1:26am Mar 5, 2015 1:26am
Quoting Kofmaster
1400pips + I guess i'm pretty good at keeping the pips I made {image}

that is amazing Kofmaster!!

May i know if you're still holding any short position now or what is the good entry for short/long again?

appreciate your reply, thank you.
  • #965,975
  • Mar 5, 2015 1:36am Mar 5, 2015 1:36am
Quoting KiwiTrada
{quote} good to see you around bro, I know you have keen eyeball on dixie, sorry for your red pip, one of the curses of trading, no worry to super guru traders who never get them
Tx KiwiTrada,
yes it looked like a nice level to counter or at least some correction by Asia, scrapping the idea right now and let the market tell....
Don't be a hero. Don't have an ego. Always question yourself
  • #965,976
  • Mar 5, 2015 1:43am Mar 5, 2015 1:43am
Quoting USD-Bear
{quote} Tx KiwiTrada, yes it looked like a nice level to counter or at least some correction by Asia, scrapping the idea right now and let the market tell....
yep really reluctant to toy with euro, have been for awhile, do keep an eyeball on her tho, preferring, gbp kiwi and aussie lately but those two playing in the upper part of daily weekly range, slim pickings

but is this month is our end of financial year, so normally good time to hunt some pips, building into "May", going to be a hard call this year, because shes still dumping from last May
If you are new to Forex? Say Goodbye to your account!!
  • #965,977
  • Mar 5, 2015 1:45am Mar 5, 2015 1:45am
Credit Suisse holds SHORT from 1.1088, TAKE PROFIT 1.0836 (entered on March 4)
BofA Merrill holds SHORT from 1.1290, TAKE PROFIT 1.0765, STOP LOSS 1.1340 (entered on Feb. 24)
Danske Bank holds SHORT from 1.1320, TAKE PROFIT 1.1000, STOP LOSS 1.1247 (entered on Feb. 24)
Morgan Stanley holds SHORT from 1.1370, TAKE PROFIT 1.0700, STOP LOSS 1.1250 (entered on Feb. 12)
Citi holds SHORT from 1.1368, TAKE PROFIT 1.0000, STOP LOSS 1.1690 (entered on Feb. 6)
Citi holds SHORT from 1.1430, TAKE PROFIT 1.0400, STOP LOSS 1.1710 (entered on Feb. 3)
BNP Paribas holds SHORT from 1.1450, TAKE PROFIT 1.0800, STOP LOSS 1.1680 (entered on Feb. 3)
Crédit Agricole holds SHORT from 1.1340, TAKE PROFIT 1.0600, STOP LOSS 1.1680 (entered on Jan. 28)
JP Morgan holds SHORT from 1.1250, TAKE PROFIT 1.0100, STOP LOSS 1.1700 (entered on Jan. 26)
Danske Bank holds SHORT from 1.1578, TAKE PROFIT 1.0900, STOP LOSS 1.1940 (entered on Jan. 20)
Without an edge MM is useless!
  • #965,978
  • Mar 5, 2015 2:00am Mar 5, 2015 2:00am
Quoting stanvy
{quote} that is amazing Kofmaster!! May i know if you're still holding any short position now or what is the good entry for short/long again? appreciate your reply, thank you.
I'm still holding the 4 short position I have.

I honestly do not know when will this move stop. I do have some profit taking target in mind. 1.1000 and 1.0900/1.0850

As for entry I do not know what is the good entry until market show me otherwise.

I do not recommend taking any position at all because either way might play out during important news event.

Either you have short positions and hold it, or do nothing. If you have long position, you are f**ked
Read the entire market, money is made on the main trend not the fluctuation
  • #965,979
  • Mar 5, 2015 2:10am Mar 5, 2015 2:10am
Quoting Kofmaster
{quote} I'm still holding the 4 short position I have. I honestly do not know when will this move stop. I do have some profit taking target in mind. 1.1000 and 1.0900/1.0850 As for entry I do not know what is the good entry until market show me otherwise. I do not recommend taking any position at all because either way might play out during important news event. Either you have short positions and hold it, or do nothing. If you have long position, you are f**ked
sentiments of someone who jumped on a train south, problem is train left station early last year,

jumping on now is a crazy as looking for a ticket north train, reality is cheaper attempts long than south unless of course dont use stop loss, no stop loss traders are great when in a trend, bounces hurt very much reversals destroy them, anyone boasting about selling in a 12 month sell off, is only fooling themselves, my kudous goes to anyone who get cheap early seats, as long as they dont turn into idiots mentioned above, buyer needs seller to survive need to appreciate this fact :-)
If you are new to Forex? Say Goodbye to your account!!
  • #965,980
  • Mar 5, 2015 2:21am Mar 5, 2015 2:21am
Quoting afhacker
Credit Suisse holds SHORT from 1.1088, TAKE PROFIT 1.0836 (entered on March 4) BofA Merrill holds SHORT from 1.1290, TAKE PROFIT 1.0765, STOP LOSS 1.1340 (entered on Feb. 24) Danske Bank holds SHORT from 1.1320, TAKE PROFIT 1.1000, STOP LOSS 1.1247 (entered on Feb. 24) Morgan Stanley holds SHORT from 1.1370, TAKE PROFIT 1.0700, STOP LOSS 1.1250 (entered on Feb. 12) Citi holds SHORT from 1.1368, TAKE PROFIT 1.0000, STOP LOSS 1.1690 (entered on Feb. 6) Citi holds SHORT from 1.1430, TAKE PROFIT 1.0400, STOP LOSS 1.1710 (entered on Feb. 3) BNP Paribas...
where you can see these orders? afhacker
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