I thought about micro accts but I could not do that. I dont want to make a buck a pip, to me that is like working for 5 bucks an hour. Like you I feel I have an edge on this and I realized that what success was created from the play accounts were due in part to the ability to leg into a trade and not get whipped around and given I was trading mini lots, usually .2 to .4 to start and upwards of 2 lots in total in full positions, I need that 25k or close to it.
It is the right decision I am making that I only want to commit if I can trade up to two lots and maybe up to 3 and still be able to take a short term paper loss and not get thrown out of the trade before it can work how I want it to.
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buck,
I thought about micro accts but I could not do that. I dont want to make a buck a pip, to me that is like working for 5 bucks an hour. Like you I feel I have an edge on this and I realized that what success was created from the play accounts were due in part to the ability to leg into a trade and not get whipped around and given I was trading mini lots, usually .2 to .4 to start and upwards of 2 lots in total in full positions, I need that 25k or close to it.
It is the right decision I am making that I only want to commit if I can trade up to two lots and maybe up to 3 and still be able to take a short term paper loss and not get thrown out of the trade before it can work how I want it to.
Best of luck sir,i know youll do fine.we need to get some more folks in here...if people could have better success with less investment this place would be packed
Pop,Rick where you fellas at this week,hope all is well
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Best of luck sir,i know youll do fine.we need to get some more folks in here...if people could have better success with less investment this place would be packed
Pop,Rick where you fellas at this week,hope all is well
In early tonight...im going to take a stab at USD/CHF maybe a cross in the works here and if not good support only 100 pips away...bought at 1.0718....24pips
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In early tonight...im going to take a stab at USD/CHF maybe a cross in the works here and if not good support only 100 pips away...bought at 1.0718....24pips
I only bought one more lot Wall....no way am i going to get stopped out down 50 pips....i shoulda bought 2 more but im not in any hurry this is the last trade for the week no matter what
Again though i choose the wrong one,i almost sold EUR/USD instead you could see a cross was coming,or at least it was setting up to cross....like CHF
I also coulda bought GBP after it broke through 1.6520 and i just sat and watched....
You in anything Wall?
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I only bought one more lot Wall....no way am i going to get stopped out down 50 pips....i shoulda bought 2 more but im not in any hurry this is the last trade for the week no matter what
Again though i choose the wrong one,i almost sold EUR/USD instead you could see a cross was coming,or at least it was setting up to cross....like CHF
I also coulda bought GBP after it broke through 1.6520 and i just sat and watched....
Im thinking i might set a limit for 1.0736...that will give me 100 pips from 3 lots...going to wait though im about to step out to get a bite to eat...
EUR/AUD is a sick mover for sure...
Ill be back b4 close...hope you get in LB Wall
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Im thinking i might set a limit for 1.0736...that will give me 100 pips from 3 lots...going to wait though im about to step out to get a bite to eat...
Thx Wall, and no i didnt set it...i got home when it was close to the high and sat and watched it drop and got out at 1.0739... i didnt even keep it open to see if it pushed higher into close...in fact i have yet to look at the chart since i sold in disgust...greed got me that time but i still got more than double my goal when i first got 2 lots...
This is a great time of year....football and forex Sundays....gotta love it
See you Sunday night
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Thx Wall, and no i didnt set it...i got home when it was close to the high and sat and watched it drop and got out at 1.0739... i didnt even keep it open to see if it pushed higher into close...in fact i have yet to look at the chart since i sold in disgust...greed got me that time but i still got more than double my goal when i first got 2 lots...
This is a great time of year....football and forex Sundays....gotta love it
hey guys been busy lately with my new job. ill start posting a little more, i had an amazing week last week shorting usd/jpy and long on eur/usd, and gbp/usd
great week in excess of 240 pips.
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hey guys been busy lately with my new job. ill start posting a little more, i had an amazing week last week shorting usd/jpy and long on eur/usd, and gbp/usd
hey guys been busy lately with my new job. ill start posting a little more, i had an amazing week last week shorting usd/jpy and long on eur/usd, and gbp/usd
great week in excess of 240 pips.
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Quote Originally Posted by rick3117:
hey guys been busy lately with my new job. ill start posting a little more, i had an amazing week last week shorting usd/jpy and long on eur/usd, and gbp/usd
I think CHF is going to pusher higher here....and even if it doesnt ill be right in the middle the 500 pip range its been stuck in the last two months....2 lots 1.07367
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I think CHF is going to pusher higher here....and even if it doesnt ill be right in the middle the 500 pip range its been stuck in the last two months....2 lots 1.07367
looks like were in a bit of a consolidation mode after some big move last day.... gonna be on the lookout for some fresh sell signals with eur and gbp/usd
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looks like were in a bit of a consolidation mode after some big move last day.... gonna be on the lookout for some fresh sell signals with eur and gbp/usd
Wall i set a sell at $1500[almost 82 pips...164 total] b4 bed...i thought maybe 1.0850 may be tested and it was close 1.0832 looks like the high...i was in a rush this morning and just got back...looks like i got all but 15 pips or so of the move...
Crazy thing is i pointed out three trades and actually got in the best one for a change,but all 3 were good for at least 50
I havent checked the sites but i think the low in EUR/USD may have completed that 5 wave move....low was around 1.4040...
Looking over the charts dont see much right now....im on nights the rest of the week so i might have the chance to make a trade early am[3-4am]..
Nice to see ya Pop....gl this week fellas
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Wall i set a sell at $1500[almost 82 pips...164 total] b4 bed...i thought maybe 1.0850 may be tested and it was close 1.0832 looks like the high...i was in a rush this morning and just got back...looks like i got all but 15 pips or so of the move...
Crazy thing is i pointed out three trades and actually got in the best one for a change,but all 3 were good for at least 50
I havent checked the sites but i think the low in EUR/USD may have completed that 5 wave move....low was around 1.4040...
Looking over the charts dont see much right now....im on nights the rest of the week so i might have the chance to make a trade early am[3-4am]..
It is under the 50 period moving average for the first time since March.
I dont believe this bear rally in the markets, and the drop has been due to the US markets.
The correlation is too strong and I am sticking with that. I think we might open lower tomorrow (which means lower LB.US) and then they flip it back up higher.
Now if they open it higher weakly, then I think we have a chance at more selling.
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Yeah 1.60 would be good support on a day chart.
It is under the 50 period moving average for the first time since March.
I dont believe this bear rally in the markets, and the drop has been due to the US markets.
The correlation is too strong and I am sticking with that. I think we might open lower tomorrow (which means lower LB.US) and then they flip it back up higher.
Now if they open it higher weakly, then I think we have a chance at more selling.
tomorrow has Gbp's CPI and Core CPI reports which directly addresses issues of inflation, If I am reading it correctly it is anticipating a .3% retraction from last months rate of inflation which I see being a catalyst for a bit of a bump @ 4:30 eastern time.
I would be comfortable with 1 lot in this situation
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tomorrow has Gbp's CPI and Core CPI reports which directly addresses issues of inflation, If I am reading it correctly it is anticipating a .3% retraction from last months rate of inflation which I see being a catalyst for a bit of a bump @ 4:30 eastern time.
I would be comfortable with 1 lot in this situation
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