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Only 361 shopping days b4 xmas......FOREX

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Captain
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Posted: #151
THX Rick
 
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Posted: #152

iceman   just like alot of gambling touts who promise you all these winning picks, the same people who promise you the world with their forex systems imo should be faded....do me a favor, still follow their trades, but fade them on paper and tell me how you do.   You said a few of their trades were winners but the last 8 were losers, if you would have faded them =$$$, again imo.   yes, they will have winning periods but I belueve for the most part, their trades will be losers.

      think of it this way, when the gambling touts recommend sportsbooks, you can bet your bottom dollar they are getting a referral fee and/or a cut of your losses.   so my question to you is this...don't you think these forex tout sites work the same, but we are dealing with a heck of alot more money on forex .....much more than Vegas would ever dream of

 
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Posted: #153
iceman   i sent you a friend(pm) request
 
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Posted: #154
Nice call bucknuts! 75 pip profit and counting!
 
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Posted: #155
Quote Originally Posted by kamphil:

iceman   just like alot of gambling touts who promise you all these winning picks, the same people who promise you the world with their forex systems imo should be faded....do me a favor, still follow their trades, but fade them on paper and tell me how you do.   You said a few of their trades were winners but the last 8 were losers, if you would have faded them =$$$, again imo.   yes, they will have winning periods but I belueve for the most part, their trades will be losers.

      think of it this way, when the gambling touts recommend sportsbooks, you can bet your bottom dollar they are getting a referral fee and/or a cut of your losses.   so my question to you is this...don't you think these forex tout sites work the same, but we are dealing with a heck of alot more money on forex .....much more than Vegas would ever dream of



Yeah, no kidding, the trades at mataf were free though, but I have come across some sites that will send you signals for so much per month, one site wanted $100 per month, another wanted a whopping $250 per month.. no thanks, I've been following bucknuts lately and been making money, just got to make sure to check this forum often during the day.
 
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Posted: #156
I've decided to bank my pips... 80 pips on that trade, may regret it later, but better to have $$$$ in my pocket now than risk having the trade go the other way.

Thanks again buck, keep those great trades coming!
 
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Posted: #157

I dont see anything at the moment missed a few crosses early in the day but there should be something later.....data coming out so we should get some good moves

 
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Posted: #158

 

 

jumping in EU/GBP here....like the 2@4hr charts.....8877 entry 23 pip limit set so ill be out when it hit 89

 
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Posted: #159
On it bucknuts.. but I fucked up.. I'm so used to shorting, I accedentally put my lot in to short.. lost a few pips by accident..

Oh well... in at a bit better price than you, at 8872
 
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Posted: #160
buck and ice.....do either of you set a stop loss and if so how many pips?

I'm in at 8871....TP set at 8900
 
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Posted: #161
I dont....if a trade goes against you,you can wait it out or find res/support on the charts and average to help you get out faster
 
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Posted: #162

Oil youre in a practice account right?

 
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Posted: #163

Eur sliding on the back of speculation that the German chancellor might resign......EUR/GBP already back up 15 pips i shoulda dipped in again but i can wait this out...i will add to my position if i get back down by 50 + pips

 

 
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Posted: #164

Buck

  I see you still got the thread going.......and your still banking pips on those crosses. I Need to get back in here....DAMN.

 
Captain
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Posted: #165
Hey whats up 1iron....we aint going anywhere brother
 
Prospect
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Posted: #166
Hey Buc... I dont see Wall trading in here like he use too a while back.......thats a shame. He was fun to watch trading short term, and good at it too.
 
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Posted: #167
Wall said he was just waiting for things to settle down and hed be back...once you get a taste of this action you cant stay away
 
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Posted: #168
I am not gone for good..

I just went in with a little LESS than I should have and I learned quickly after a short time that my starting balance needs to be HIGHER to do what I want/can and be successful..especially with the new margin rules, I didnt want to drop back to .1 lots or .3 lots..when I get going soon it will be with more capital and the ability to leg in and not get smacked with the whipsawing that happens.
 
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Posted: #169
Quote Originally Posted by bucknuts:

Oil youre in a practice account right?


Absolutely buck....I've been in a practice aacount for a little while know trying to learn and get comfortable with trading.  I'm looking for simple system that I feel comfortable with and can make some profit before I get going for real.  So far I haven't found anything I like yet that's why I'm giving this a whirl.

I go stopped out on my first order, and I have a pending order to get back in.... at 8865 .... we'll see what happens
 
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Posted: #170

Im not good with stops but it seem youre setting them kinda tight,but thats me..im waiting here to dip in again but this is not normal for this pair...if you look at the 4hr its a bottom bottom so im not going anywhere...if it takes a week to get out ill just take more profit from the pair

Ice just saw you jumped in...wow that sucks you didnt keep the short huh....thats forex though...

Wall

 

 
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Posted: #171

Glad to here it Wall.........Having enough capital is the key to forex, gotta be able to avg. in and wait it out at times.....Buc has proven this to be true more than once..........

 

 

 

 

 

 

 

 

 

 

 

 

 
Captain
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Posted: #172
Its the only way to go if you ask me...even if you dont want to average if you can find the trend in the daily chart and youre not at the start of a trend you can just wait it out...
 
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Posted: #173
Well, I put a stop on that EUR/GBP.. glad I did, that one went way south..

Can't get em all buck.  Keep up the good work
 
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Posted: #174

Ill be out of this trade Friday b4 close with profitHell im already less than 20 pips down after my average and the German GOVT now saying Merkel has no plans to quit and the story was "TOTALLY MADE UP" this post by forex insider at 2:21...i might get this back b4 London closing

 
 
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Posted: #175
Shorting EUR/USD here.  In at 1.4404

Aiming for 1.4345

Put in a stop of 1.4450
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