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  • #1,096,401
  • Mar 14, 2017 11:05am Mar 14, 2017 11:05am
Quoting Andrei2090
I only trade enough to pay my university tuition....if this hits 1.061 I am the happiest trader....and I only have a 0.4 lot sold at 1.063. haha. Small trades....small trades everywhere. Hearing from you guys at those levels and lots....wow. My palms sweat only thinking of it. You guys must have nerves of steel.
do not rely on money from trading for your life expenses. its an old recipe for disaster. Forex makes some rich people wealthier and can easily take the last cent from those that don't have much. Also, do not believe stories on the forums. Majority are demo traders with severe ego problems. They can easily handle even the largest exposure for that reason. Not to mention that if you have enough money from other sources, you can gamble for real with a few lots everyday without any edge that is not a big deal. Losing fast is also uncommon in forex, it usually takes some time to empty an account if you have a disciplined approach. Making a lot of gains fast is more common to witness (because people like to show only their lucky side), but it is usually the result of luck and nothing more You will eventually learn all of the above by your own experience. But there are many more important things to learn. Good luck !
  • #1,096,402
  • Mar 14, 2017 11:08am Mar 14, 2017 11:08am
Wait until EU comfortably ranging between 1.07 & 1.08 before thinking about LONG position. Otherwise, trade other pairs that have lesser NOISE.
  • #1,096,403
  • Mar 14, 2017 11:13am Mar 14, 2017 11:13am
Quoting orangeRANGE
Wait until EU comfortably ranging between 1.07 & 1.08 before thinking about LONG position. Otherwise, trade other pairs that have lesser NOISE.
I do agree with you.. E/U slow like a warm ...(Anyone got salt?)
  • #1,096,404
  • Mar 14, 2017 11:25am Mar 14, 2017 11:25am
Quoting feline207
{quote} do not rely on money from trading for your life expenses. its an old recipe for disaster. Forex makes some rich people wealthier and can easily take the last cent from those that don't have much. Also, do not believe stories on the forums. Majority are demo traders with severe ego problems. They can easily handle even the largest exposure for that reason. Not to mention that if you have enough money from other sources, you can gamble for real with a few lots everyday without any edge that is not a big deal. Losing fast is also uncommon in...

Thanks! Do not worry, i only shave a few dollars here and there, never putting more than 10% of my account at risk. I gain a steady 5% to 10% daily
  • #1,096,405
  • Mar 14, 2017 11:28am Mar 14, 2017 11:28am
Since i never hold a position for longer than 4 hours usually...I have a question:

I have a sell position at 1.0629. Should i keep it or just close with losses? It is not much and my margin can handle it for around 40 more pips minimum. But I am wondering if It will reach 1.0629 again within 24 hours so at least i can close at a break-even.

Possible or just a dream? I am excluding the hike data, assuming that it is absorbed in the market and if nothing happens it should actually push the pair up.
  • #1,096,406
  • Mar 14, 2017 11:30am Mar 14, 2017 11:30am
Quoting Andrei2090
Since i never hold a position for longer than 4 hours usually...I have a question: I have a sell position at 1.0629. Should i keep it or just close with losses? It is not much and my margin can handle it for around 40 more pips minimum. But I am wondering if It will reach 1.0629 again within 24 hours so at least i can close at a break-even. Possible or just a dream? I am excluding the hike data, assuming that it is absorbed in the market and if nothing happens it should actually push the pair up.
Where is ur SL?
The Phoenix Trader....
  • #1,096,407
  • Mar 14, 2017 11:32am Mar 14, 2017 11:32am
Quoting sunilpawar
{quote} Where is ur SL?
I put it at 1.0660 but i could take it until 80 to maximum 1.07 (and that is pushing it)
  • #1,096,408
  • Mar 14, 2017 11:34am Mar 14, 2017 11:34am
Quoting Andrei2090
{quote} I put it at 1.0660 but i could take it until 80 to maximum 1.07 (and that is pushing it)
Cut to cut is possible in couple of hours
As per 1 hour chart
The Phoenix Trader....
  • #1,096,409
  • Mar 14, 2017 11:35am Mar 14, 2017 11:35am
Quoting sunilpawar
{quote} Cut to cut is possible in couple of hours As per 1 hour chart
Maybe I am asking you to disclose too much so do tell if that is the case, but when basing that theory on the 1H, Is is due to stochastics and the bollinger bands? I see it hit the middle band and going down.
  • #1,096,410
  • Mar 14, 2017 11:41am Mar 14, 2017 11:41am
Quoting Andrei2090
Possible or just a dream? I am excluding the hike data, assuming that it is absorbed in the market and if nothing happens it should actually push the pair up.
Nothing is certain. (except we are all gonna die one day)
  • #1,096,411
  • Mar 14, 2017 11:43am Mar 14, 2017 11:43am
Quoting Andrei2090
{quote} Maybe I am asking you to disclose too much so do tell if that is the case, but when basing that theory on the 1H, Is is due to stochastics and the bollinger bands? I see it hit the middle band and going down.
As of now till rate hike i doubt it may go above 1.0660
Rest is your call
I have strong faith
It has to make new low till 1.0200 level
The Phoenix Trader....
  • #1,096,412
  • Mar 14, 2017 11:44am Mar 14, 2017 11:44am
Quoting sunilpawar
{quote} As of now till rate hike i doubt it may go above 1.0660 Rest is your call I have strong faith It has to make new low till 1.0200 level
But still i ll advice to cut rate to rate
The Phoenix Trader....
  • #1,096,413
  • Mar 14, 2017 11:56am Mar 14, 2017 11:56am
Quoting sunilpawar
{quote} But still i ll advice to cut rate to rate
Thank you sunilpawar.
  • #1,096,414
  • Mar 14, 2017 11:58am Mar 14, 2017 11:58am
Quoting jusstin911
{quote} I do agree with you.. E/U slow like a warm ...(Anyone got salt?)
salt
  • #1,096,415
  • Mar 14, 2017 12:04pm Mar 14, 2017 12:04pm
Exited my shorts now at 114.60 in JY . small pr.
  • #1,096,416
  • Mar 14, 2017 12:04pm Mar 14, 2017 12:04pm
So now asking straightly! U guys think up or down from this point?
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  • #1,096,417
  • Mar 14, 2017 12:06pm Mar 14, 2017 12:06pm
Quoting kittikann.s
So now asking straightly! U guys think up or down from this point? {image}
down
IF U DONT KNOW DOES NOT MEAN IT DOES NOT EXIST
  • #1,096,418
  • Mar 14, 2017 12:07pm Mar 14, 2017 12:07pm
EURUSD looks enimic... went short for a quick scalp of the kiwi dollar.
  • #1,096,419
  • Mar 14, 2017 12:10pm Mar 14, 2017 12:10pm
Quoting Andrei2090
{quote} Thank you sunilpawar.
Cleared your position?
The Phoenix Trader....
  • #1,096,420
  • Mar 14, 2017 12:15pm Mar 14, 2017 12:15pm
Quoting fasttrade1
{quote} down

down to 1.05800? then rise up?
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