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June Forex II

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Posts: 61
 
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Posted: #51
To be honest I just followed the previous 8 hrs on the 4 hr chart to see which way  eur/usd was going.  same with usd/chf.

ended up with 170ish pips just by following the herd.

things are pretty hectic round here getting ready for the wedding + honeymoon  so I really havent had much time to look at charts,  but that was a nice pick up for being in and out and not being able to monitor it.
 
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Posted: #52
rick,

That is awesome..I would be thrilled with 170 in a day, that is a huge hit for anyone.


 
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Posted: #53
I think I'm going live again at the beginning of august.

mini lots 

 
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Posted: #54
Well I hope you get back into the game, you seem to hit them straight.

I think success or failure is how deep your pockets are..all of us here seem to have high success rates, its not letting one bad trade blow the account.
 
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Posted: #55
Forgot to mention..

Long LB.US at 1.6420, I think the retrace was extreme and I would like 30-40 pips on this trade tonite.
 
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Posted: #56
I am using money management like I would with Sports betting.

using units,  risking 50 pips to gain 200 pips

that way you only have to hit 1 out of five trades to break even or 20%. 
(of course there is averaging, and adding) im still figuring that part out.. 






 
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Posted: #57
I like that approach rick..

I have to share a pisser experience on this trade..I went in on the Meta platform and clicked to close the trade and mistakenly I put in a SELL stop instead of a sell limit.

With this Meta platform there are several steps to enter an order and on this one I messed up, so instead of placing a sell stop at 1.6455 (which is about to go off right now of course) I put a sell stop, which triggered immediately and I made 3 pips instead of 35 which would have happened now.


 
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Posted: #58
I heard yesterday from a friend who dabbles in forex that meta 5 is out or comming out and a lot of the "quirks" that meta 4 had are being resolved. 

which are you using wall??

 
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Posted: #59
rick,

Sorry I just saw this now..

I am using the meta4 from FXDD and setting a limit order is a pain, adjusting an order is a pain, it is complicated closing an order etc etc.

Long LB at 1.639 looking for 50 pips.
 
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Posted: #60
been gone last 5 days w/o internet...heading home to check the charts now.. anyone around and see anything?
 
 
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Posted: #61
went long last night gbp/jpy, reached as high at 85 pips, currently down about 20-30 pips (looking for around 150-200)
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