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Long December.....FOREX

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Captain
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Posted: #51
Are you a mini account or standard?
 
Captain
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Posted: #52

you in a mini or a standard account?

have you read up on the changes they just made?

 
Hall of Fame
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Posted: #53

still on mini account

Yeah, I got an e-mail about the changes

 
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Posted: #54

actually, I had a bit of a hard time understanding what those changes were.. can you explain it bucknuts?

Trades are going steady

 
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Posted: #55

I'm out of my USD/JPY trade... gut feeling says that rally is over now... made away with a nice profit.. got in at 8873, sold at 8916

Net gain, 43 pips.... I'll take it... hope I didn't cut myself short, but analyzing the charts, I think a downtrend here is inevetable.

Sticking out with my USD/CAD pair.. it looks good.. I'm trying for 1064 here

 
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Posted: #56
Hey Bucknuts... I just learned something from forex.com... They let you trade spot gold and silver   Have you done this?  Anyone here an expert in silver and gold?  Sounds interesting, and it's done right in the trading platform (just have to add the pairing)
 
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Posted: #57
Well, I liquidated my USD/CAD trade... again, gut feeling is this is going to go down.. may as well take the profits here now and look at it later... again, made a nice profit of 45 pips... I'll take it.
 
Covers Linesmen
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Posted: #58
buck,

What happened with your other US.Yen trade, the one at 89.60?

Did you average down and get out?


 
Captain
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Posted: #59

Whats up guys...i passed out after my last post just b4 1pm...

Ice new rules make you keep more margin for each lot...all the new rules can be avoided by opening an account through forex.com UK branch

Wall i got my average down to 8920s and got out with a total of 48 pips...its on page 2 i think?Had another good week....i will be going for more pips when i can watch the trades...every trade i posted was good for several times my limit...

 

 
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Posted: #60
Quote Originally Posted by bucknuts:

risk/reward is low...i think the DMI crosses are the $$$ makers....i could go for more but 20-30 pips is a good goal i think...ive scaled back some going for 20 but its worked out fine up to this point....and i dont set stops so....where does that leave me?

I was hoping it would spike down again an give me a sot to average lower but no such luck[i was gone when it hit the 60s just b4 10am] i got it down to 8824 limit now at 8836....im going to hit the hay ill check it when i wake up

Heres that post on JPY Wall

 
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Posted: #61

bucknuts,

Whats your goal to make every month?  You do this for a living?

 
Captain
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Posted: #62

I aim to do this for a living soon...i dont really set monthly goals...but i can average 2k a week...maybe more if i can be in front of the computer more when i have trades open

 
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Posted: #63
How much is good to have in your account to be able to make2k a week that seems like you would need a very large account to handle margin. 
 
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Posted: #64
Quote Originally Posted by gamble04:

How much is good to have in your account to be able to make2k a week that seems like you would need a very large account to handle margin. 

I am wondering the same thing.  Also, how much is a good starting point for opening a mini account?
 
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Posted: #65
found a cross in USD/GBP to go long.. in at 1.626.. let's see what happens
 
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Posted: #66
Switched sides.. I'm SHORT now on GBP/USD

Looking at the chart, I think this goes DOWN.. keeping it open overnight, will check in the morning
 
Captain
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Posted: #67
it hit a high of 1.6326 after the cross and now youre up 40 on the sell....hope you get up in time to catch some profit
 
Captain
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Posted: #68
Profit id use 2k to start a mini and start trading one or two lots at a time..
 
Captain
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Posted: #69
Im jumping in GBP on a buy here got in about 5 mins ago 1.62396....going for 20
 
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Posted: #70
Ouch, took a loss... I hit my stop loss of 50 pips
 
Covers Linesmen
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Posted: #71
That Dubai news added to the markets and weakened the USD, that and having Citi exit TARP.


 
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Posted: #72
So you set a stop and had no limit?
 
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Posted: #73

Quote Originally Posted by bucknuts:

So you set a stop and had no limit?

Set a 50 pip stop loss, and a 70 pip limit

 
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Posted: #74

going short on USD/CAD.. in at 1.057

Based on the chart, this should go down...

 

 
 
Covers Linesmen
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Posted: #75
Quote Originally Posted by bucknuts:

So you set a stop and had no limit?


Setting sell stops is the quickest way to get cashed out..tough principal but most positively true.
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