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I'm American, I don't understand "centigrade". lol what's that about 60F? Where's home?
I think the term for me is sitting in "black". While that's going on, i'm chugging my already made coffee
Or back to Kindergarten. Its supposed to be warm here today, through next week, so i'll probably head out to the outdoors for a bit. I'm glad summer is almost here!
I'm back at break even on my trades thanks to the aud/jpy trade. I'm probably going to dump all the trades before long...coming in on the end of the week may result in un-expected movement. Probably shouldn't take the risk. When/if I see reasonable green, i'll close out all trades.
I just finished business marketing. A financial mis-communication delayed my next class until May 5th which is Microeconomics. Should be interesting! I'm actually looking forward to that class. I have 9 classes to go to finish my BS...haven't decided on Masters yet, I may take 6 months off then go back.
Forex.com:
I guess forex.com found away around the new hedging regulation. I just hope they don't have to charge an exchange fee when adding/removing funds. That'll piss me off!
Dear Client:
We're committed to providing you with the tools you need to execute your trading strategies. Beginning May 15, 2009, all MetaTrader accounts will be serviced by FOREX.com UK Ltd., which is authorized and regulated by the Financial Services Authority (FSA).
This change will allow us to continue to support all MetaTrader accounts, including those customers who currently use hedging as part of their trading strategy. As a FOREX.com UK customer, you will still benefit from the same level of stability and superior customer service you have come to expect.
The transfer of your account will be a seamless process. Within the next few days, you will receive another email with specific instructions regarding the account transfer process. In the meantime, please feel free to contact a forex representative with any additional questions or concerns.
Thank you in advance for your continued business.
Sincerely,
The Team at FOREX.com
I just added a short aud/jpy moments ago and still hold all positions from yesterday. My stop is rather tight at 70.80 on the aud/jpy short. Just looking for 20-50 pips on that one. Need my trades from yesterday to turn around. They are still well within my trading range...no stop outs yet.
Funny money is the way to go when learning.
I still need to see the 4 hr downtrend broken before i'll long...
I'm still holding the trades from yesterday. Sitting moderatly negative, still haven't hit my stops yet, so I'm going to hang in there and see where they go.
I'll probably give it all back next week. hehe
For MT4 users:
Here's a fantastic set of scripts of you trade multiple positions at a time. Have you ever been trying to close orders while the market is moving against your winning trade? Gets a little frantic without these scripts.
http://codebase.mql4.com/4961
Here's my books for today:
It was good for about 400 pips now that I look. So I pulled about 800 pips or more rather than the 500-700 I quoted a moment ago...why can't I do this compounded for a few months? lol
Exactly what I think. Thus my reasoning for adding short gbp/jpy and long usd/cad again. This mornings move is pretty substantial, but not substantial enough to change my mind...just gives me cheaper prices to work with. At least I hope! I didn't add up my pips this morning, but it was around 500-700(or more) couldn't have timed my exit better. That puts me up about 1800 or so pips on the week....just a wild guess, could be more or less. I go by dollar amount rather than pips when reviewing my account.
Ok, here's what I have. Long usd/cad at an average of around 1.2395 or so, short gbp/jpy at an average of about 142.50 or so.
The markets have been rather tricky with wide ranges. You'll get em back. I think the current trends will continue until Friday...in which we will probably see profit taking and unusually big moves.
going to short gbp/jpy soon on this bounce and long usd/cad again on the dip
A better strategy IMO would be to short a break of the 21:2 bolli bottom, or buy a break of the 21:2 top bolli. I do this often on the 1hr and 4 hr chart.
Closing all my trades for a pile of pips. 3 smoking days in a row...probably time to take a break.
Here's my books:
No you know if I get reamed overnight or not.
I'll be in bed by then. Also, your trading eur/jpy...which can be in a world of its own, so, perhaps we can all be right.
Great, so we are in agreement. Glad we resolved this in a professional manner. hehe. Time to commute home...sigh
Congrats. I'm still hanging on to mine for the moment.
I have pretty wide stops, so you can still win...then I can win...that'd work for me! How about you?
Which means -100 for d...
100 pips plus for me. Nothing less. lol
The days not over yet. hehe so your current candles may be deceptive. I'm just arguing cause i'm on the opposite side of you.
My tip is to trade lots sizes of 1 in FXCM which is 1k...anything more and you likely won't have the 25 for long. I would suggest eur/usd or usd/jpy for trading small sizes. eur/usd will probably have the best spread for you to work with.
Hourly still sais i'm a bear.
What broker do you use?
Goin down for now imo. x/jpy that is...at least I hope.
I usually always shoot for 100+ pips...of course it doesn't always work out that way. Using reasonable leverage allows me to hold on for big moves...going to try and stick to the reasonable leverage and make some money.
We certainly need a break south soon, else its going to take out the minor fib level at about 145.15-.25 or so...then it'd be ugly for our shorts. My stop is above 146 though, so I'm good to go for a while.
I'm watching the 30 min and fibo levels. Currently sitting at fibo resistance. It is consolidating below the level, which suggests that it may break through...hopefully not, we'll see I guess.
Your right in line with me....check a few posts back. Glad someone is with me.
"what alternative do you have other than the big score?" The big loss...
Still rough. One mini can ream you of 300$ in no time. My current gbp/jpy trade is working out nice so far...lets see where it goes from here.
gbp/jpy is a tough one to trade. I don't trade it very often anymore.
huu?