got my 50 outta cad 4 lots too
you had a great entry, nice trade..too risky for me but glad it paid off.
Wall,
Hope you are right on that bp thing. Shit this oil may come down my way. I live on the gulf coast. If I cant go snook and tarpon fishing........my lifes over.
I Have to certainly agree with you all that to avg. in is the only way to go. Same as Pap, I see in other forex forums people making decent calls, but getting stopped out all the time. You guys are the only ones that are patient and dig yourselves out to some really good gains. Keep it up, its a great read.
Wall,
Hope you are right on that bp thing. Shit this oil may come down my way. I live on the gulf coast. If I cant go snook and tarpon fishing........my lifes over.
I Have to certainly agree with you all that to avg. in is the only way to go. Same as Pap, I see in other forex forums people making decent calls, but getting stopped out all the time. You guys are the only ones that are patient and dig yourselves out to some really good gains. Keep it up, its a great read.
Thats whats so scary about other forums...they use stops and dont post their entries in REAL TIME..doesnt do much good when some guys posts an entry that was 50 pips ago and is always the top or bottom...just too many frauds...the funny thing is they all agree you cant make $$$ trading the way we do..Wall and i were just talking about this in PMs a few days ago..even in a micro account $2500 provides plenty of buffer room as long as you dont load up on lots to start trades
Thats whats so scary about other forums...they use stops and dont post their entries in REAL TIME..doesnt do much good when some guys posts an entry that was 50 pips ago and is always the top or bottom...just too many frauds...the funny thing is they all agree you cant make $$$ trading the way we do..Wall and i were just talking about this in PMs a few days ago..even in a micro account $2500 provides plenty of buffer room as long as you dont load up on lots to start trades
Buc
I have been following you in here for what 2-3 years maybe. You can tell me if im wrong but, I remember 1 time that you had to finally give it up on a trade. Now thats over hundreds of trades......1 time only. It may have cost you a couple hundred pips that time, but look at gains over that period by averaging in...case closed in my book. Those guys that are against avg. in, need to spend some time in here. I personally think most dont have the funds or the balls. You know its not even mentioned in other forums...............toooooooooooooooo scary.
Buc
I have been following you in here for what 2-3 years maybe. You can tell me if im wrong but, I remember 1 time that you had to finally give it up on a trade. Now thats over hundreds of trades......1 time only. It may have cost you a couple hundred pips that time, but look at gains over that period by averaging in...case closed in my book. Those guys that are against avg. in, need to spend some time in here. I personally think most dont have the funds or the balls. You know its not even mentioned in other forums...............toooooooooooooooo scary.
1iron ive sold out for a loss on several trades...it hasnt been that long ago i sold out for a hefty loss in an EU long but i made almost half of it back in a day in EU going the other way..i also only averaged in this trade once...its all about money management @ i knew at the time EU was dead and couldnt bring myself to average..she had a rally and once a certain price caved in again i bailed and set my sights for the next target below..
Pap was down large but had way too many lots in that trade..i think he had 10??[correct me if im wrong here Pap]...if you stick to an averaging plan its hard to get into trouble,this also depends on the pair youre in....we saw LB/JPY take 1000 pip drop in 24hrs just a few weeks ago..but Wall was in this for a good portion of the drop and came out with profits...it can be done we have the threads to prove it
1iron ive sold out for a loss on several trades...it hasnt been that long ago i sold out for a hefty loss in an EU long but i made almost half of it back in a day in EU going the other way..i also only averaged in this trade once...its all about money management @ i knew at the time EU was dead and couldnt bring myself to average..she had a rally and once a certain price caved in again i bailed and set my sights for the next target below..
Pap was down large but had way too many lots in that trade..i think he had 10??[correct me if im wrong here Pap]...if you stick to an averaging plan its hard to get into trouble,this also depends on the pair youre in....we saw LB/JPY take 1000 pip drop in 24hrs just a few weeks ago..but Wall was in this for a good portion of the drop and came out with profits...it can be done we have the threads to prove it
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