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EURUSD

  • #1,083,461
  • Dec 11, 2016 4:44am Dec 11, 2016 4:44am
Quoting tiborf71
nat if you never lose, I recommend Positions of loading pages, as prophecy predicted. if you do not mind
Here we go again.
Guys please understand that I do not push anyone to believe and I do not care if you do. This is a forum for extending useful hints and strategies, not for providing evidences. I read a lot of good posts and priceless suggestions here, but I don't follow all of them. It's up to you how you want to trade. I just share my way with you because this is why we are here.

Trade smart!

NaT
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,083,462
  • Dec 11, 2016 4:59am Dec 11, 2016 4:59am
just a little assurance.
never lost
  • #1,083,463
  • Dec 11, 2016 5:09am Dec 11, 2016 5:09am
here is your chance to clear himself never lost.
a few predictions ahead
  • #1,083,464
  • Dec 11, 2016 5:26am Dec 11, 2016 5:26am
Quoting lisat
{quote}You should be extremely proud of that, it is a gain of 12.55% on the account. The percentage gain is what matters not the $ amount.
I can't be proud because I am still in a loss position.
My original capital is $700. A did a few stupid things by cutting positions whenever they are against me rather than being patient. All those that I closed with big losses - if I had just waited a bit more, they would all have been profitable positions. Like NotaTrader, I am also not a fan of using SL - the exception is GBPJPY because that pair's movements can sometimes be too much. But I am learning each day and happy to say that I have started turning my account around by the time it hit $330. Took me three weeks to get it to $484 - piece of cake for some but was a lot of hard work for me. Hopefully I will recover my full $700 and start making some real profits!
  • #1,083,465
  • Dec 11, 2016 5:41am Dec 11, 2016 5:41am
Quoting MrsTrader
{quote} I can't be proud because I am still in a loss position. My original capital is $700. A did a few stupid things by cutting positions whenever they are against me rather than being patient. All those that I closed with big losses - if I had just waited a bit more, they would all have been profitable positions. Like NotaTrader, I am also not a fan of using SL - the exception is GBPJPY because that pair's movements can sometimes be too much. But I am learning each day and happy to say that I have started turning my account around by the time...
Yes buddy I am sure you will. Follow yourself. You are on the right way.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,083,466
  • Dec 11, 2016 6:57am Dec 11, 2016 6:57am
Quoting MrsTrader
{quote} I can't be proud because I am still in a loss position. My original capital is $700. A did a few stupid things by cutting positions whenever they are against me rather than being patient. All those that I closed with big losses - if I had just waited a bit more, they would all have been profitable positions. Like NotaTrader, I am also not a fan of using SL - the exception is GBPJPY because that pair's movements can sometimes be too much. But I am learning each day and happy to say that I have started turning my account around by the time...

Whats the platform you trade in? the hardest thing for me when i started was when i only had 1k and every position i opened below 50k was charged fixed comissions so the intraday trades became a pain in the ass to make to be honest once you get to 5k everything becomes so much easier.. you have much less laverage and much less risk with good payouts and you can actually start building your networth and take some monthly salary..
Just my opinion. bellow 5k the chances you have to blow your acc because of fixed comissions that saxobank charges are huge..
  • #1,083,467
  • Dec 11, 2016 7:04am Dec 11, 2016 7:04am
Quoting MrsTrader
{quote} ..... Like NotaTrader, I am also not a fan of using SL - the exception is GBPJPY ....
Not using SL is a dangerous game. Anyone remember this move?
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.png Size: 39 KB
Excellence is not an act but a habit.
  • #1,083,468
  • Dec 11, 2016 7:26am Dec 11, 2016 7:26am
Quoting 4undmanager
{quote} Not using SL is a dangerous game. Anyone remember this move? {image}
Nothing wrong with a move like this. 360 pips move cannot destroy your account unless you start your session with 40, 50 or 80 lot. Besides, the price in your example goes strait up again, which will give you opportunities to recover pretty quickly. Let's say you start with 10 shares (assumed 1$ per share per pip). In the worst case you will find yourself with a negative 3600$ balance when the price hits 0.8400. If you open another 10 shares at this point, you will be able to recover at 0.9700 and by the time the price comes back to where it was, you will have 1800$ profit.
Respectivelly with only one share that would give you 360$ negative balance and 180$ profit in the end.

If you ask me, this is not bad at all compared to the option of losing your money irreversibly when the price hits your Surrender target.

NaT

Edit: Anyway trading is a risky business and the choice is yours.
"To trade or not to trade"
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,083,469
  • Dec 11, 2016 7:36am Dec 11, 2016 7:36am
I am using oanda. The cost incurred is just the spread. My only issue is I can't hedge,otherwise I am overall okay with Oanda. As trading is something I do "recreationally", and not to make big money, opening a 5k account is just way too much for me.


Quoting Windstrown
{quote} Whats the platform you trade in? the hardest thing for me when i started was when i only had 1k and every position i opened below 50k was charged fixed comissions so the intraday trades became a pain in the ass to make to be honest once you get to 5k everything becomes so much easier.. you have much less laverage and much less risk with good payouts and you can actually start building your networth and take some monthly salary.. Just my opinion. bellow 5k the chances you have to blow your acc because of fixed comissions that saxobank charges...
  • #1,083,470
  • Dec 11, 2016 7:44am Dec 11, 2016 7:44am
I say this as a complete amateur and my view might change much later on, but at this juncture and considering how small I trade, I don't find stop loss useful. I will just end up having my SL hunted and getting my positions closed with losses and having to start over. Instead I prefer to keep my positions small so that I weather the big moves. I am not saying this is better or wiser or more profitable per se, but it is what works for me at this point. And I don't deny that the problem might just be me not setting my SL correctly. I am sure I will keep refining my methods as I go along. At the end of the day, mine is a very small account so I can't compare myself with the rest of you and what works for you might not work for me, and vice versa. And I just want to end off saying I am not being stubborn about this, because I might change this view somewhere down the road.
  • #1,083,471
  • Dec 11, 2016 8:18am Dec 11, 2016 8:18am
Quoting Spartanholds
{quote} Just a thought....Your stop might be a better entry...maybe even lower{image}
Could be... becoz then Support will become Resistance which we call "Turncoat Resistance"
It is the dust where you came from & it is the dust where you shall return
  • #1,083,472
  • Dec 11, 2016 8:20am Dec 11, 2016 8:20am
Expecting the news this week.
  • #1,083,473
  • Dec 11, 2016 8:20am Dec 11, 2016 8:20am
Quoting executivefx
{quote} nice risk reward ratio.
Thanks
It is the dust where you came from & it is the dust where you shall return
  • #1,083,474
  • Dec 11, 2016 9:15am Dec 11, 2016 9:15am
Quoting NotAtrader
{quote} Nothing wrong with a move like this. 360 pips move cannot destroy your account unless you start your session with 40, 50 or 80 lot. Besides, the price in your example goes strait up again, which will give you opportunities to recover pretty quickly. Let's say you start with 10 shares (assumed 1$ per share per pip). In the worst case you will find yourself with a negative 3600$ balance when the price hits 0.8400. If you open another 10 shares at this point, you will be able to recover at 0.9700 and by the time...
That wasn't a 360pip move and the move happened within 1 minute. I'll let you work it out though. Brokers went out of business on that one move alone across all Swiss crosses. I'm a big fan of using SL (guaranteed SL). Every trade should have an entry point, a potential target and a point where you will say you are wrong, a place where your SL should be. It's only a probability game in the end and trying to win every trade by not using SL doesn't sound like good business.
But if not using a SL works for you, all the best.
Excellence is not an act but a habit.
  • #1,083,475
  • Dec 11, 2016 9:28am Dec 11, 2016 9:28am
Attached Image (click to enlarge)
Click to Enlarge Name: Bez tytułu.png Size: 83 KB
  • #1,083,476
  • Dec 11, 2016 9:30am Dec 11, 2016 9:30am
Quoting 4undmanager
{quote} That wasn't a 360pip move and the move happened within 1 minute. I'll let you work it out though. Brokers went out of business on that one move alone across all Swiss crosses. I'm a big fan of using SL (guaranteed SL). Every trade should have an entry point, a potential target and a point where you will say you are wrong, a place where your SL should be. It's only a probability game in the end and trying to win every trade by not using SL doesn't sound like good business. But if not using a SL works for you, all the best.
4undmanager, I don't want you to stop using SL and I hope this works for you. Very good luck to you mate.
BTW Sorry about the psps. Yes this is a very big fall. A small account has no chance of surviving here. It's true.
GL

Trade smart

NaT
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,083,477
  • Dec 11, 2016 9:30am Dec 11, 2016 9:30am
EURUSD - don't miss this one - EURUSD TradingView

https://www.tradingview.com/chart/EU...miss-this-one/
  • #1,083,478
  • Dec 11, 2016 9:31am Dec 11, 2016 9:31am
Monday 12 Dec

  1. EURUSD 1.0600 (EUR 673m) 1.0725 (1.02bln) 1.0800 (1.08bln)
  2. USDJPY 111.00 (USD 2.55bln) 112.00 (1.25bln) 113.00 (1.02bln)
  3. AUDUSD 0.7400 (AUD 882m)
  4. EURGBP 0.8350 (EUR 630m) 0.8525 (1.23bln)

Wednesday 14 Dec

  1. EURUSD 1.0575 (EUR 1.21bln)

Thursday 15 Dec

  1. GBPUSD 1.2200 (GBP 627m)

  • #1,083,479
  • Dec 11, 2016 9:36am Dec 11, 2016 9:36am
Eurusd now 1,0567. So no big gap I expect. Anyway this week the butcher comes to the scene.
  • #1,083,480
  • Dec 11, 2016 9:55am Dec 11, 2016 9:55am
Quoting Nightingales
Anger management One day in a supermarket I saw a grandfather and his badly-behaved grandson. He has his hands full with the child screaming for sweets, biscuits, all sorts of things. The grandad is saying in a controlled voice: "Easy, William, we won't be long . . . easy boy." Another outburst and I hear the grandad calmly say : "It's okay William. Just a couple more minutes and we'll be out of here. Hang in there, boy." At the checkout the little horror is throwing items out of the trolley. Grandad says again in a controlled voice : "William,...
Anger managment. . . . .???
NO.
Bastard managment. . . .

YES.
Superb , my friend . You made our evening...
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