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  • #976,761
  • Apr 3, 2015 12:57am Apr 3, 2015 12:57am
Quoting KiwiTrada
{quote} wrong wrong wrong, that is bad advice, even considering trading nfp, most experienced traders dont, they dont go near it, to go hard in one direction and then reverse and go 2 x times even 3x times harder in opposite is not that unusual, and more than likely sl means nothing and platform will freeze, so if you get it wrong you will have the dubious oppotunity to watch your account empty and not be able to do a dam thing about it, quick pips is a fantasy, and greed makes worse t I am surprise you would suggest such a thing
been there, done that emptied a 8k usd account before
  • #976,762
  • Apr 3, 2015 12:58am Apr 3, 2015 12:58am
Quoting KiwiTrada
{quote} wrong wrong wrong, that is bad advice, even considering trading nfp, most experienced traders dont, they dont go near it, to go hard in one direction and then reverse and go 2 x times even 3x times harder in opposite is not that unusual, and more than likely sl means nothing and platform will freeze, so if you get it wrong you will have the dubious oppotunity to watch your account empty and not be able to do a dam thing about it, quick pips is a fantasy, and greed makes worse t I am surprise you would suggest such a thing
Yeah, you pretty much just described my first experience trying to catch a big news move. Your mind is going "Oh no! Wrong way, lemme try this. What? Wait! I thought you just went that way, NOW you come back? Okay so then... NO! God hates me!"
  • #976,763
  • Apr 3, 2015 12:59am Apr 3, 2015 12:59am
Quoting Ratmach
{quote} Yeah, you pretty much just described my first experience trying to catch a big news move. Your mind is going "Oh no! Wrong way, lemme try this. What? Wait! I thought you just went that way, NOW you come back? Okay so then... NO! God hates me!"
to my worst experience, i hedged both way and hit both stop loss haha
  • #976,764
  • Apr 3, 2015 1:02am Apr 3, 2015 1:02am
Quoting Brandonchen
{quote} to my worst experience, i hedged both way and hit both stop loss haha
Sorry, but that's just funny. Fortunately I'm not allowed to hedge here (US citizen)... cause I'd no doubt have tried it by now if I could have.
  • #976,765
  • Apr 3, 2015 1:07am Apr 3, 2015 1:07am
Quoting KiwiTrada
{quote} wrong wrong wrong, that is bad advice, even considering trading nfp, most experienced traders dont, they dont go near it, to go hard in one direction and then reverse and go 2 x times even 3x times harder in opposite is not that unusual, and more than likely sl means nothing and platform will freeze, so if you get it wrong you will have the dubious oppotunity to watch your account empty and not be able to do a dam thing about it, quick pips is a fantasy, and greed makes worse t I am surprise you would suggest such a thing

Last NFP i watched it drop -50 pips then gain +200, then another +200 pips. I made my money on the second +200 pip boost, patience is the key. Of course you'll loose if you jump in on the first or second direction it goes. you can obviously look at the news and see if its bad news or good news for USD that will also let you know. Just wait for the guessing game to end before opening, because what ever direction it chooses it continues to go strong.

Also you can't be greedy, get in and out!
  • #976,766
  • Apr 3, 2015 1:10am Apr 3, 2015 1:10am
1.0905 LONG: TP - 30 PIPS, SL - 40 PIPS
1.0859 SHORT: TP - 50 PIPS, SL - 40 PIPS

Pendings set ... I am gonna sleep again
"I'm not answering stupid questions."
  • #976,767
  • Apr 3, 2015 1:17am Apr 3, 2015 1:17am
Quoting Malchi
1.0905 LONG: TP - 30 PIPS, SL - 40 PIPS 1.0859 SHORT: TP - 50 PIPS, SL - 40 PIPS Pendings set ... I am gonna sleep again
Yeah, but I hate setting hard TPs. I'd much rather set trailing stops... but unfortunately the trading platform I use doesn't allow trailing stops to be included in pending orders. Seems like a simple thing to me.
  • #976,768
  • Apr 3, 2015 1:21am Apr 3, 2015 1:21am
Quoting Ratmach
{quote} Yeah, but I hate setting hard TPs. I'd much rather set trailing stops... but unfortunately the trading platform I use doesn't allow trailing stops to be included in pending orders. Seems like a simple thing to me.
you can use trade manager
A good trader follows his rules, but great trader knows when to break them
  • #976,769
  • Apr 3, 2015 1:25am Apr 3, 2015 1:25am
As I thought, the market is not ready to come down yet

Sit tight guys, 1.0 won't come easily.
Read the entire market, money is made on the main trend not the fluctuation
  • #976,770
  • Apr 3, 2015 1:25am Apr 3, 2015 1:25am
Quoting ill_be_back
{quote} you can use trade manager
My account is with MBTrading, and I use cTrader. I know that's not very common, but it's what I learned on (or AM learning, I suppose), so I hesitate switching to something else. Unless "trade manager" is something that can be added to ANY platform? (I told you... I'm pretty new. )
  • #976,771
  • Apr 3, 2015 1:27am Apr 3, 2015 1:27am
Quoting KiwiTrada
{quote} wrong wrong wrong, that is bad advice, even considering trading nfp, most experienced traders dont, they dont go near it, to go hard in one direction and then reverse and go 2 x times even 3x times harder in opposite is not that unusual, and more than likely sl means nothing and platform will freeze, so if you get it wrong you will have the dubious oppotunity to watch your account empty and not be able to do a dam thing about it, quick pips is a fantasy, and greed makes worse t I am surprise you would suggest...
Sorry but what do you mean sl mean nothing? if u have a sl wouldn't the platform execute that order to stop you from losing anymore? or has there been times where it ignored your sl & the only to stop it is if you close the trade?
  • #976,772
  • Apr 3, 2015 1:28am Apr 3, 2015 1:28am
Quoting Vorex
{quote} Sorry but what do you mean sl mean nothing? if u have a sl wouldn't the platform execute that order to stop you from losing anymore? or has there been times where it ignored your sl & the only to stop it is if you close the trade?
I've never had it happen to me yet, but it obviously happens. TONS of horror stories from the day the Swiss went insane, for instance.
  • #976,773
  • Apr 3, 2015 1:30am Apr 3, 2015 1:30am
Quoting Ratmach
{quote} Yeah, but I hate setting hard TPs. I'd much rather set trailing stops... but unfortunately the trading platform I use doesn't allow trailing stops to be included in pending orders. Seems like a simple thing to me.
i am fine with it
"I'm not answering stupid questions."
  • #976,774
  • Apr 3, 2015 1:33am Apr 3, 2015 1:33am
Quoting Malchi
{quote} i am fine with it
Yeah, but really... how hard can it be for them to make a little programming change to allow trailing stops in pending orders?
  • #976,775
  • Apr 3, 2015 1:39am Apr 3, 2015 1:39am
Morning
got 3 trades for today will post it live
sell 1.0886 sl 1.0896

I'm not signal service i just share my view and trade my own chart
  • #976,776
  • Apr 3, 2015 1:44am Apr 3, 2015 1:44am
Quoting egkid
Morning got 3 trades for today will post it live sell 1.0886 sl 1.0896 I'm not signal service i just share my view and trade my own chart
Rut roh!! I just sold 500 lots at .0886 based on your recommendation!!!
  • #976,777
  • Apr 3, 2015 2:00am Apr 3, 2015 2:00am
Quoting Magicmen
{quote} Fib 1 = (High - Low)/8
Interesting, never heard about it before. Do you have any link for full calculation of other levels as well. Thanks
  • #976,778
  • Apr 3, 2015 2:02am Apr 3, 2015 2:02am
Quoting Vorex
{quote} Sorry but what do you mean sl mean nothing? if u have a sl wouldn't the platform execute that order to stop you from losing anymore? or has there been times where it ignored your sl & the only to stop it is if you close the trade?
nope doesnt matter where your sl is, you will get filled /closed at next best price or margin call depending on broker, can even end up owing more than you had in your account, if spike is nasty, pa could be many many pips past your sl and when you do get filled/closed your trade is blood red, it fuken sucks, but that is the risk you take when trading big events
this week cad is holiday so only usd release, which makes it even more uncertain
surely swiss debacle is warning enough, many accounts wiped out in a blink, some with negative balance, courts will be filled for years sorting that shit out
just not worth the risk,
If you are new to Forex? Say Goodbye to your account!!
  • #976,779
  • Apr 3, 2015 2:07am Apr 3, 2015 2:07am
Quoting egkid
Morning got 3 trades for today will post it live sell 1.0886 sl 1.0896 I'm not signal service i just share my view and trade my own chart
You looking at 1.0830?
We watch the charts from every angle so you don't have to!!
  • #976,780
  • Apr 3, 2015 2:08am Apr 3, 2015 2:08am
Eur/Usd M30 Chart

Attached Image (click to enlarge)
Click to Enlarge Name: M30.png Size: 64 KB


Yesterday E/U Price turned back after breaking Bearish Trend Line. Support for this line has been tested. (Price's in bull zone)

Decline in prices below the red line will open the way for Bear Market.
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