Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Spreads came back pretty quickly, but the market is giving me a beating so far.
Not much movement so far. It's certainly moving against me a bit though. Lets see how this plays out.
Now your on my side. Make up your mind.
I wish you well, however, if the eur is going down, then my aud/jpy will likely be down as well...lol...so hopefully we can both make out on the plus somehow.
Looks like i'm going to be stuck in a fairly large position for the FOMC. Wasn't really my plan, but....i'm scaled into aud/jpy longs, hopefully the dow continues strength or the minutes offer some positive remarks.
Dow strength supports a strong eur...so careful my friend.
Sill scaling in aud/jpy longs...
Dow Jones +17.00 7779.00 4/8 8:52am
Dow futures have turned round from -90 to +17. Given that, I just added to my aud/jpy longs.
I haven't checked it out yet, i'll look at it tomorrow on my day off.
I would have to agree. Perhaps there will be a small panic reaction for no apparent reason, either way, I think this will be a non-event UNLESS they suggest that inflation is nearing. In the event of that, the markets will be crazy.
Its always nice to have a trade turn around! I just closed a short eur/usd...or better said, my trailing stop was tripped for +5 pips. Holding an aud/jpy long that is currently +36 and will be adding to the position on any dips.
Mine is cheesy as well. Here's what it consists of.
The four P's!!!!!!!!!!!
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That's about it.
My current college class is business marketing, perhaps I can put my new knowledge to work and generate interest in the site.
I think the chat would be useful if we can get some people in there. The problem is that the majority of the time i'm online is while i'm at work. Can't be chatting here.
I've been scalping usd/chf most of the day...working out quite nice so far. I have one position opened right now that I need to get rid of, then the rest is up to fapt for the evening.
My members suck! hehe
I added some updates recently. Nobody talks....so neither do I. lol
It actually modifies the 99.50 stop rather than being two stops.
In MT4, if you open a long usd/jpy at 100.00 and set the stop at 99.50(-50 pips) then set the trailing stop to 50 pips, once usd/jpy reaches 100.50 the stop will move to break even then start trailing from there. So basically, you have the ability already, you just didn't know it.
They seem shady according to the simple comments i've seen.
That broker would worry me!
FXPro is known as a "fapturbo friendly" broker...I wonder why it doesn't work so well with them? Spreads high during fapt trading times or something?
What broker do you use?
I use fapturbo as a supplement to my trading and it works quite well.
Here's what I personally think about Soros. He, back in the day was a lot like me and my 1mil trade, the only difference is that he was able to secure funding to prevent a MC...given that, I don't think he's so different from us.
lol i beat you to the punch on that one, but your translation is much more informative.
I think Mr. Soros acts only in his best interest personally. He can move world markets with a couple of words...i'm sure he knows that!
Thank you Trend...i'll check in and ramble on when I can!
eur/usd is currently 2 pips at forex.com. sometimes i see it at 1.
I prefer my forex.com account only because its an MT4 account. Oanda has awesome spreads. eur/usd is often below 1 pip. I don't have my oanda platform opened at the moment, so i'm not sure what it is right now.
No i use forex.com, oanda, and fxcm.
Yes it does. Go to their website and check it out. metaquotes.net or whatever it is.
It depends on the pair and my expectations of the trade. I change them often. In mt4 I set for example a 20 pip trailing stop that starts at about -50 pips. The stop won't move until the trade is +20 pips, in which it moves to break even. Once that happens, I usually change the trailing stop to 50 pips so that the price has to move an additional 50 pips to the plus before it will start moving. If volatility is high, i leave it traling 50, as price starts consolidating, I tighten the trailing stop to 20 or 40 and leave it from there. It requires adjustments, however, it is not ideal to leave a 15 or 20 pip trailing stop as it will get hit way too early.
Same here. Which is why I wussed out and closed the usd/chf short instead of leaving the trailing stop. lol
If you use a broker with trailing stops, try entering your trade, setting a long TP and a trailing stop, then go away for a while. If your confident in your trades, you'll make a lot more pips in each trade. When you do that, psychological issues are eliminated.
The usual thing I preach. 10k for every 1000$ in the account. To break it down in MT4 terms. .10 for every 1000$, even further .05 for 500$, etc. So on a 300$ account, I think .03 is safe and reasonable. With a 10K account its safe to trad standard lots(100k). Make sense?
Pull the nail out and keep making pips...in a manged manner. I hate speaking about this, because i'm notorious for blowing account. When I backup and trade reasonably I do well. Guess I look for the quick buck like most of us do! I don't think the quick buck way works very well for the most part. Unless one gets lucky.
Seems that way. However, if one trades a small account in a reasonable manner to build it up to a large account...all is well. Might take a while, but it can be done.
Successful TAF auction is the reason. If the dow continues the weakness, cross/jpy will come crashing back down.
When I first started trading, I was funding with like 300$ and kept losing it. I broke down and added a few g's and I went from losses to substantial profits after adding a substantial amount of money...so your thinking is probably on the right track.