I am getting tired of the gbp/usd getting dragged down by the EUR/USD must they move in tandem??

And Daiello Jerk is a bit harsh and hater for that matter, I was amused in that MOM kind of way.

I am doing my part someone dropped off a pregnant kitty about 3 weeks ago right outside my house. She had her litter of three last week and is doing well. Although she is giving the other three we have h*ll, they have retreated to the basement they are so afraid and she is on the second floor lol. And young herself and little I doubt she is a year. So I will be back up to at least five cats was kind of enjoying just having three. But I am not going to get away without keeping a kitten and it seems unfair to shove off the mom......

yeah it gets bad on FXCM too you use someone else don't you? I would feel better knowing it isn't just them.

hey hey hey. Nice of you to check in! how's the family?

they both crashed against the usd but the gbp has had a much stronger recovery, bringing the eur/gbp down further.

I think they are trying to rebalance the eur/gbp lower.

I do that with my kids if they are in front lol. It is silly but it is a reflex like slamming on the imaginary brake on the passenger side when your kids are driving.

I hope they happened in that order and if so congrats on an iron stomach!

have a great weekend Omar!

yeah but then other markets would react plus the AUD which went up and the Canadian dollar would tank. I don't think that is it and that would only create a temporary decline and not nearly so steep. IMO

why is the question

whoops nvm should have read the prior posts.

yeah he stops by to cheer himself then leaves lol.

I think that in some ways you have to willing to go through those swings to make money. It is when I get chicken that I start doing poorly but also you have to go in small enough to not make it a wipe out when it goes against you. It is so rarely that you get that immediate pop in your favor. Glad your trades worked out well for you.

once you get your account up your perception around what is a big loss doesn't change so much. If you start off with 10K say 200 may not seem like a big deal but if you built that from 1000 when 200 was a lot even once you get to 10K you still think 200 is a lot. But also that means you are risking less as your account grows so your balance doesn't move up percentage wise nearly as quckly.

maybe, kinda makes blowing $200 a REALLY big deal. Your progress slows once you have more but hopefully you are trending up instead of down. I can't talk I am where I was 2 months ago so I am not having a picnic either.

lol I can join you in that club.

"So my problems appear psychological as Nettles said..."
ok that kinda sounds like I called you a head case lol I certainly didn't mean that.

that's ok Omar easy mistake. I can't do a thing right!! I am ready to pack it in a figure out a plan B.

that is last years.

13:02 AUD/JPY: Nikkei Reports on Sumitomo Interest New York, April 7. Reuters sources report that Japan is detailing a JPY15trln stimulus package. This is JPY5trln more than anticipated. The negotiations between the ruling parties are still on-going but the total figure is a hefty one. JGBs closed lower last night and should be in for another bout of weakness tonight. This should be good for equities and risk taking but an expected rise in Japanese yields may offset any USD/JPY gains. Robert.Fullem@ThomsonReuters.com

also there is an interest rate decision tomorrow out of England which I hadn't realised they must do one every month? I thought they just had one. Anyway I guess that helps explain the volatility of the pound.

lol. My daughter just about wiped out her 25 usd micro account. I think she is giving up she found it too stressful which was interesting because she thought that that would not be the case at all. But I could see it when she was on in the evening she looked as tense as I feel. I must say though helping her gave me a whole new level of respect for all that goes into this, there seemed to be so much to explain all the time, and she isn't exactly finance illiterate.

It is just the release of the minutes from the meeting. But there could easily be something in there to drive things nuts. The markets seem unusually volatile although I am wondering if it is partly a seasonal thing. That coupled with all the other extraordinary events makes for some tough trading. At least for me.

oh yes I remember well took a hefty loss that I am still pivoting. I just haven't been able to gain any real traction since then. I am a little nervous about that release of the minutes I think I wont be in anything when it comes out.

I could have stayed in that gbp/jpy short and been fine.

it just isn't going to be the same when you have something real and important on the line. You're judgement just isn't clouded by all that psych baggage when you are playing the demo. I am not sure there is an easy way around this for you because 500 bucks can do something important in your life so saying to you put 500 on the line that doesn't matter well that can't happen unless you have no reason to do this other than for fun. Edit I am not saying you can't be successful just that you are going to have to find a way to manage your head and all the conversations you have about money in other words there are no shortcuts.

the sqwaking about the eur/gbp is heating up again. The Europeans are unhappy about the depreciation of the pound. I had a feeling earlier today that some kind of agreement had been reached to rectify that issue and that was why the pound was stronger. Especially that some German bank called for a 1.485 gbp/usd target......

why on earth would they be sending e-mails that I got a reply from someone? if I want to know that I come here.....

lol.

tell me about it.

that really put a nail in the confidence coffin for me. Not sure I can do this and really make any kind of money.

thanks saw that and was wondering if that was the reason.

just got creamed in a gbp/jpy short not clear why the pound is going up today.

I suppose everyone is watching UNC/MI but the gbp/usd spread is pretty wide on FXCM are other brokers showing around 7 pips too?

00:00 IMF To Warn Toxic Debts To Reach 4 TLN USD - UK Times Sydney, April 07: The UK Times is reporting that the IMF will warn in a report to be issued on April 21 that the toxic debts racked up by banks and insurers could spiral to 4 TLN USD. The IMF said in January that it expected the deterioration in US- originated assets to reach 2.2 TLN USD by the end of next year, but the Times understands they will be looking at raising that to 3.1 TLN USD in its next assessment of the global economy, due to be published on April 21. In addition, it is likely to boost that total by 900 BLN USD for toxic assets originated in Europe and Asia.
The Times article goes on to say that the IMF"s new forecast, which could be revised again before the end of the month, will come as a blow to governments that have already pumped billions into the banking system. -- John.Noonan@thomsonreuters.com

that is what I do although I may have two trades and sometimes even three on a pair but I use about the same ratio, or mean too lol still going in a little smaller than I could be.

I use FXCM Yeah sometimes I get bad entries or they throw an order or close in pending. This is what I figure, they are giving you 400:1 leverage so there are going to be some roadblocks they they throw up.

I am still trying to get myself to go in with a buck lol. Sometimes I might get to almost three but that would be in three separate trades.

you could probably do it because you are able to trade in that all in gutsy kind of way. I might try it at some point if I have 500 to throw away.