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'splain later.....gotta run.....
in short....you can go long AND short w/the same pr....2 different lots....allowing you to straddle.
Maybe Daiello or some1 else can explain it further....gotta run...11a p/up
Ya know.....even at some of the online sportsbooks they've been known ta give out $100. I know, I've gotten a few. I didn't have to deposit any additional funds either...nada!!
Of course the string attached here was that you couldn't begin makin withdrawls til ya parlayed it up to the tune of 15-1....sure, I'm gonna get on the roll of a lifetime & build the acct up to $1500. But the minimum wager was $5 so I had me some fun for several weeks....a coupla mos I think it was b/c I di actualyl build the acct up to approx $200....then I got bored & figured, hey, from here all I need to do is parlay it approx 7.5 x's more....so of course I began makin the big bets.....$25-$50.....think I went another week or so thereafter b4 finally goin belly up.
But the pt is....fxcm should at least be giving you a fighting chance....ie more $$$$ & lower leverage....otherwise all it's gonna do is leave a bad taste in your mouth...& I don't think that's the intention. This promo will do nothing more imo than backfire on'em....dont think folks will pony up anything more after they go bust. Having said that, I disagree w/ya Nettles...hard to believe I know....1st time I think...lol I do not suggest for anyone to add more money simply b/c no matter how much you have in there, being that it is a micro acct, you will always be trading on 400-1....which is nothing more than unregualted 4x suicide.
OK...gotta run....back later....& maybe I'll even remember ta bring my wormy apple 4 da teach.
I hear ya.....f'n crazy...a joke.....
Straight from their micro support area
400-1 Leverage
At FXCM Micro, clients trade using 400:1 leverage. $2.50 of margin is used per 1,000 (1k) unit trade, $25 per 10,000 (10k) trade, $250 per 100,000 (100k) trade.
The margin is the same for all currency pairs, for all accounts. To view a list of all of our currency pairs, visit www.fxcmmicro.com/spreads.jsp.
*Without proper risk management, a high degree of leverage can lead to large losses as well as gains.
http://www.forexmicrolot.com/faq.jsp#
So Diaello....
how 'bout that double bootom now on the dow?
72-7500.....at this clip we'll be there by this time next week. Me thinks bush is now gonna let it all go straight into the crapper....a lamer duck would be hard ta find :0
By the time camp Obama gets sworn in it's sure ta get even uglier....already seein it. Funny thing is...camp gop is gonna be tryin ta put all the blame on the dems....wadda joke.
So the Hall Pass really comes w/strings attached :0
back 2 the back of the class for me....I furgot my apple today...sorry.
not to mention forcing u to trade w/400-1.....r u kidding me....$25 @ 400-1....& I dont even like their platform. Compared to Oanda, the dont give you very many options & force things upon you.
Oanda allows you to trade at whatever leverage ya want & they also dont force the hedging option on you....which means you don't have the option of slowly scaling out of a winner leaving some on the table ta run.
True in that their floating spreads may be a bit cheaper....but that's even hard ta tell as the spreads are all over the place every second...u can place a trade w/a spread of 1.5 & the very next millisecond it can pop up to 3.2 on ya....imo fxcm is truly like a box of 4x chocolates ;)~
Not for me, thus I'll eventually be fundin w/Oanda & also MG.
Hope u r feelin better soon.....dont furget the vit C & all that other good stuff....from one "mom" to another ;)~
Thx...actually steppin out now...gonna go support the Mrs' school where she works...Chevy's is donatin 10% from all the bills.
Got my stops & limit set...actually hedged the eur/jpy w/an opposing short....maybe I'll get lucky & nail'em both b4 gettin stopped. The short is up 4 & the long down 66...OUCH!! Sure missed that one...& I was just 1 or 2 away from gettin out @ b/e....right about the time the turtle was coverin for me....then it fell right back down again...& thne some...lol
I'll ck back in a few....after your bed time perhaps...unless u b up late hitten the books.
Cheers!!
OK...covered the turtle already w/a $2.47 hit....but I since whimped out & have lowered the profit pt on the eur/jpy cuz it was gettin too far away from me....over 30 pips under water at its' worst...comin back for me now...still down 17-20....but at least I got my turtle green coverin that unrealized loss...lol
Runnin w/the turtle now....how's that for an oxymoron? ;)~
& hey....the next time ya sick the troops on us....give us some warning....had no clue ya had groupies too ;)~
I bet u r 1 of those hard ta deal with acts where it's only the green M&M's in the bowl :0
freakin 400-1.....that'll last me approx 2 hrs....if I'm lucky....lol
a dime a pip w/these micro jokes.....& of course they wont let ya change the leverage or remove the hedging option...of course not....so there's no lightening up the load....all or nuttin....or as they say in your niche...AON ;)~
I also went long the turtle @ 98.07...that one's lookin better than the 1st one....euro/jpy long....tho at least that one's comin back for me...for now.
What's this....& now he's gotta peanut gallery? Surely the weaz has been on da kool aid himself. :0
OK folks..it's official....I be a LIVE trader....got my freebie $25...seems they want me traden & quick.....so time for harsh reality ta set in....
1st one on the books.....long eur/jpy @ 126.99....lookin for a conservative 60....at least before it goes south by 50....already down 12 & lookin for a hand holder ;)~
& I gotta say.....after lookin more closely at that euro/jpy short of mine....damn if I didn't nail the top on that entry.....pat pat....hehe
Opened it @ 1:15 est @ 128.76 & closed a 2.5 hrs later @ 127.28...evidently it never got more than a pip or 2 from what I can tell away from the spread....wasn't ever down more than 4 or 5 pips....prolly should frame that one ;)~
Me too ;)~
& josy..as much as I hate admitting it...Daiello is right in being a lil more cautious on this approach of ours. I do think most folks tend to go w/the trend....def a safer way ta play. The approach you & I like to use is very simplistic. However it sounds like your approach is more in depth than mine as I think u said you use a few more indi's.
At any rate....since I dont use much more than MACD & fibs, that's one reason why I should try & wait for some sorta stabilization to take hold...& even wait for the chart not only to stabilize....but to beg workin its' way back the other direction some....which points to my comment of not worrying about nailing tops & or bottoms.
Since ystrdy @ 9:20p est to now I've banked another $262 & change. I've come back to the computer ta find all my current positions have hit my take profit points...even the euro/jpy short for 148....hehe
OK...'nuff for one day....stoppin while ahead & headin out w/the lil 1 for some store Daddy-do's....back in an hr or so when hopefully she'll of fallen asleep on our way home for nap time b4 picken up big sis.
Cheers!!
PS
Careful not ta drink too much of that Daiello (or however ya spell it) kool aid....it's been known ta make ya think ya gotz rose colored glasses on :0
Indeed.....tho careful there...that one still seems to goin down some....I prefer ta try & wait til ya beg ta see a lil more stabilization.
but once it decides to settle down a bit....indeed there seems to be a handful of pips in there back to the north....nice find....thx for sharen...will def watch for a stablization & try to catch a ride back north for a few.
josy....meant ta reply to ya when I saw your post the other day...indeed your style & mine sound quite similar if not the same....good stuff. I've been having fairly consistent success w/it for almost 18 mos now.
Check out usd/chf....just went long there as well....that chart sure is lookin ripe for our strat....a 146 move to the south...albeit from a lil over 2 hrs ago now....a lil longer than usual as far as time frames go but then again I'm only lookin for 30 or so....from .1603 to .1631 or thereabouts.
Lookin forward to hearin how someone else who uses the same strat does....so by all means, pull up a chair & stay awhile...welcome aboard & GLTY as well.
Cheers!
For ex....take my current short eur/jpy....it went from approx 127.75 to 128.85 in approx 30-40 mins....so I feel pretty good about shortin it @ 128.75.
Usually I'd set my tp at a conservative 128.40-45....tho this time I'm gonna try & go for 3-4 x's more...prolly end up gettin burnt...but the trend on the 5 min sure looks favorable for this exit point.
OK....gotta step away....time for some daddy-do's.....should try & forget about this trade & let it bake awhile bein that I want 100+.
Back in awhile....time ta go earn my keep around here.
which is exactly why the strat of actually waiting for a move to occur b4 jumpin on is also a wise one. Just go along for the ride once it has begun....as oppsoed to what I've been doin...jus jumpin on whenever it seems the move is oudda steam or hasn't quite lost it's steam....not gonna try & stress myself tryin ta nail tops & or bottoms. Just go the other way after there's been a healthy move either way....at least 50-75...perferrably 100+ in less than 30 mins...the shorter amt of time it takes & of course the steeper the move the better.
short eur/jpy @ 128.76.....gettin cocky tho...
lookin for 148 this time to 127.28 :0
prolly chicken out tho if/when it goes green by 20+ & take the couch change.
I should remove my hedging feature so I can have the option to lighten up a position & let the rest ride while settin the sl to b/e.
Dont get me wrong....it's not that I disagree w/you on the fundi's...quite to the contrary....I agree which ya's....& as mentioned a few times now...I happen ta find myself
in agreement w/much of what ya say & how ya look at things in a global persepctive.
However, I feel that looking at things in this light & trying to apply it all to trading 4x on the short term charts is gonna do nothing more than confuse matters. Of course that doesn't mean we shouldn't talk about it....I just aint gonna be apply'n it to my trading strat. The aussie @ .55 ya say....sure, that makes sense....but that doesn't mean A) that it's goinna happen & B) it aint gonna stop me from going long when I see a 20+ pip opp staren me in the face....like what just occured.
Like I was tellin Daiello the other day.....gotta try & teach this old dog a few new tricks......gonna be hard ta throw out my fundi views as far as trading goes....but I must admit, it sure gets easier when the chart rewards ya for doin so.....ehh Daiello...ya dollar bull you...lol
Now lookin at shortin the eur/jpy here....& my pewter is actin up...may have to reboot....some weird chit goin on....maybe bush is keepin tabs on me now that I rec'd my Zeitgeist originals in the mail the other day :0
Covered aud long....in @ 6904 out @ 41...a 17 min position for another $18.65.
Jester....u may be regrettin the Hall Pass awfully quick here ;)~
Damn....already w/in a few pips of the take profit....may have ta raise the limit a few more....maybe see a 100% retrace all the way back to the 70 level.
long aud @ 69.04....just fell fairly fast & hopin ta catch a 20-30 retrace 2 da north.
Still rollin w/the fxcm demo that I opened on Sun night.....up $860 now on the 5K beg bank....feelin my Mojo again.
Ahhh...so that's y I'm gettin the Hall Pass....I'm bein graded on all my work.....sure hope ya grade on da curve...my only hope.
& Nettles...have ya seen how much the aussie has fallen off on the wide view? Even w/the rate cut it's bound ta go up....ta's gotta take hold at some point...eh?
& on this topic....here's how I think the new school is shapen up to be.....stuff is gonna be gettin baked in much sooner now...well in advance of any rumored moves/cuts/increases. As more & more folks trade the currencies, the insiders need to get an even earlier jump on the mrkt...beating the crowds well in advance....so when we see charts movin for no reason.....there's a reason alright...we just don't know about it yet. Thus the fundi's are gonna be taken (errr..already have) an even bigger backseat imo going forward. So it's best ta simply use 100% t/a as your barometer....the only reason to use fundi's now a days is if u r planning on taking up a true long position....& who here really has the ammo (or kahoonas) ta try & pull that 1 off?
I'm sticken w/nothing further out than the 15 min.....& then widd'ln it on down to the 5 & 1 min...then down to the tick for the entry itself. Anything more (30 mins +) is useless for we small fry's imo.
I say considering how far the aussie fell, it still needs ta move north....their econ is still in better shape than most....in fact one can make a decent argument that it's even stronger than the US econ....not many other (if any) countries can say that.
At any rate...in genl, I'm learning how to throw my macro & fundi views out the window...it only adds to the confusion & clouds the mind....something I can not afford anymore of that's fo'sho :0
Short term t/a it is for me....& if I start talkin macro & fundi's know that it's w/a window of at least 3 mos out or more.
OK Jester....grade away....apple to follow....but be sure ta check for worms...unless of course they are in the turtle's food group :0
Yeah & on the topic of Obama not havin experience....
look at whose advisen him.....those are the folks who are really pullin his strings...& of course the lobby.
& w/re to your name Daiello.....I know how ta spell it....simple typo's....that's my excuse & I'm sticken to it...& fwiw.... u can also call me anything ya want...& spell it as inconsistently as your heart desires. ;)~
Now for a round a Obama Obama fo jama...fe fi fo bama....
Yeah...I could too, sadly....after all has he EVER given us reason to believe he wouldn't have the audacity to commit such an act/crime?
Thx Jester...mighty nice of ya....hard to imagine anyone wants me ta actually post more...or maybe it's more like less per post tyvm? ;)~
& some nice hits there cAt....this is the only way to play this mrkt imo...especially w/the micro pennies...just trade events & hit a few big fairly e z pops & build the acct up that way over time....no over trading, etc. It's impossible to build a micro acct by simply trading the daily charts/non-events....too many unknown variables.
Dailello.....indeed, there's always an angle aint there....fixes to exploit, lies to uncover, money to track down & follow....all the while kissing the feet of good ol' yankee capitalism....indeed, God Bless America ;)~
OK....no need ta load up the page here n e mo' thx to the Jester (love the pic of the fat gal btw....like Freddie said....their bottoms make the world go'round)...so I'll wrap this 1 up by sayin....indeed itza a new day in America Nettles....FINALLY!!! However I'm prayin that it wont be more of the same ol same ol beaurocratic BS....which is my fear. Having said that...sure would be hard ta mess it up even more than Jr did....tphhhffttt!!!
Catch up a lil later on....me thinks the financial press is gonna be workin overtime w/tons of angles & new stories to sell us.
Thx LW.....
admittedly it's mostly been the same ol keep it simple strat for me....waiten for moves outside the range & then goin the other way....& when I'm bored b/c I can't seem to locate those moves, I try & find a decent trend & hang w/it for a few...maybe 20-30 is about my average.
As far as indi's go.....pretty much it's simply MACD & then fibs ta get me out....I'm almost embarrassed (in fact I am) to admit how simplisitc I trade.....but I've been demoing this way for approx 18 mos now & it really has yet to fail me when I try. As for timeframes....no more than the 15 min...usually lookin at the 1 & 5's & then the tick ta jump in. I try ta wait for at least all 3, the 1, 5 & 15 ta all align w/me. That's really pretty much it.
Tho the last few mos I have been gettin bored & losin my focus & in turn my results have gone in the crapper....just not tryin as hard as I should be....one reason of course is b/c it aint w/real money...which is what I was tellin the cAt the other day. Of course the fix for that is.....lay some money down somewhere...which is the plan...took fxcm to offer the $25 to get me goin...smart mrktg move on their behalf...even got me oudda my Oanda comfort zone too.
Anyhoot....the one prob I see w/it all is....FXCM on their micro side only allows 400-1 leverage. That's like sayin you can drag race down a small town Main Street :0
So I guess once they fund w/my "Hobo Bux" (is what I call'em) I'll have to finally break down & send'em a coupla hundred more ta back up the Hobo Bux....I'm bound to have an accident or 2 drag racin down Main St during the heart of rush hr ;)~
Busy day here....& sadly it looks like I'll have to finally be puttin down pooch #1 who we've had for over 8 yrs....our 1st as we call her.....took her in on Sat to do the deed & the Vet said "she doesn't seem to be knockin on the door quite yet"...of course she was havin a good day....& of course all day ystrdy & so far today the poor thing can't even walk now....we've been helpin her get up for awhile now & once on her way she's been doin OK.....now the last 24 she can't go 2 steps w/out fallen back down. So now I'm kinda PO'd @ the Vet b/c this is exactly what I didn't want to have happen.....she's been way too good of a family member to see here go thru all this frustration....barkin every 2 mins as she tells us she wants to get up...so I prop her up...she takes 2 steps & back down she goes. & now doin this for the better part of 24 hrs my back is killen me. Now I'm havin muscle spasms in my mid back from doin all this...albeit minor...but one of those where if ya move just slighlty in the wrong way....it'll be me who needs helpin up :0
& of course I didn't mail in my vote so I also gotta go vote after my school drop offs....& then figure out a time to go take Tasha back to the Vet...& the vet is approx 25 miles away....the only vet who wouldn't charge me an arm, leg & child to be able to be there to hold her while he admins the juice.
So I guess what I'm gettin at is that I may not be around all that much today....also not a good idea to be sitten in a chair while the back is in spasm mode. I'll try & return tho later on if anything just ta lurk & catch up here...maybe put up a quick post or 2 if I'm feelin alright.
In the meantime....here's what I did this AM....1 trade w/my usual goin against the grain & lookin for a lil retrace....which is short gbp/jpy @ 158.79....lookin for the usual 20-30.
& the other is goin w/the trend.....long turtle @ 99.46...a lil worried about this one as it's tryin ta break 2 week resistence here...if it does I'm good & may even be able to ride on his shell for a hundred +...but if I can nab another 20-30 that'll be fine by me.
OK....sorry for the ramble but I gotta make'em count today....no back & forth to the computer or sitten for any decent length of time....so pls don't be expectin any replies....+ every1 deserves a break from Worn every now & then.
Now go vote...unless it's for a rep or dem ;)~
Mail Call....
sent ya my fxcm report w/all the dirty dets.
Gotta go put the ankle biters ta bed.....evidently it's my job as well tonight.....no more comment.
oh no Zen Master....still demo, sadly....
jus wanted to get the feel for fxcm in advance of the free money so I can jump right oudda da gates in a week or so when they say they'll fund.
But I hear ya...as I've been hitting my winners I've been increasing the lot size.....just closed out a turtle short from 98.86 to 98.68.....for 30 micro lots.....by far my largest position yet....which has been ranging from 5-15. So now I'm up to $383+...that last turtle short was good for another $53+.
How does one go about changin the leverage at FXCM....or do ya gotta go thru the riga-moe-row of havin to call'em? I must admit, Oanda seems more user friendly....at least I can hack away there & learn how to do all that kinda stuff....w/FXCM....all the time I've spent over the last 24 I sure dont feel as if I've learned all that much in terms of platform nav.
Not a bad 1st 24 hrs w/FXCM micro.....
took their default demo configs on the 5K bank & thus far shown a 6.5% roi or $324 & change. :))
The Mad Man on stocks & the election....
Cramer's 'Mad Money' Recap: What the Election Means for Stocks
http://www.thestreet.com/story/10445657/1/cramers-mad-money-recap-what-the-election-means-for-stocks.html?puc=_htmlbooyah
Yeah....for which is the obvious call.....higher taxes (in genl) is gonna stunt growth.....but there's also the fact that this yr can be viewed as different in the way the mrkts are w/all that's gone on....thus Obama may have the perfect excuse to not totally follow thru w/all his plans ala econ/finance....& w/Buffet advisen him....well lets just say that makes me feel a bit better....as opposed to the McLame blow hard finance team of Gramm 'n Fiorina....which reminds me....dint Carly recently go thru a bout of cancer?
This one's from way back in April
http://www.post-gazette.com/pg/08097/870634-176.stm
Here's a more recent piece....which paints an even uglier finance picture for the GOP :0
& makes me think that indeed they really dont wanna win it this time 'round.....can't say I blame'em either.
http://tpmelectioncentral.talkingpointsmemo.com/2008/09/mccain_cleaning_up_lobbying_hi.php
At any rate...strange as it sounds....the dem finance team is actually makin me feel a bit better than that of the gop....usually the other way around as I typically find myself to be more in line w/the gop finance platform in genl....tho I of course dont consider myself to be a rep....not really sure what I am? :0
Is there such a thing as a Progressive, Independant, Peace & Freedom Liberal Capitalist? aka Pipflic ;)~
Jus curious.....what's the consensus here w/re to what an Obama house will do to the mrkts?
Anyone else thinken that's a good a reason as any for a double bottom on the Dow, etc?
yeah....sure ya did.....
now if ya woulda put the word "liked" in quotations...then I mighta've believed ya...or perhaps if ya weren't such da ragin rep ;)~
& it wont make a difference......
unless of course ya believe in builden upon the grass roots strategy like myself....then every vote counts.....5% this yr, 8% in 4 yrs, etc.
Gotta start somewhere...but 1 thing's fo'sho....rep or dem....we aint goin no'where's 'cept round the same ol' block we've been goin 'round for decades now....so if that makes ya happy....by all means, remain in the republocrat mold...just dont be expectin any change....at least for the better.
Progressive is our only hope for real change I'm afraid.
thx...playin 'round w/all the skins.....
I think even if you already have an fxcm acct that you'll still get the $25 if ya sign up for the next cnbc port challenge which beigns around the middle of the mos I think.
It aint much...especially at 400-1.....which is what I think they force u to trade on......which is my next fxcm ?......where do you set/change your leverage?
Or is 400-1 the only leverage option ya get as far as the microlots go w/em?
Hard to imagine they wont allow ya to go down to say 100-1....but maybe considering that it's micro lots that kinda leverage is the catch...or what ya gotta trade with in order to be a cheap ass micro hobo :0
Tanx.....was thinken it'd be e z....still tryin ta make the glove fit :0
Gotta run....back after the kid-e drop
Pls tell me there's a way ta change the skin......the black dark feel is OK.....when I'm on the conspiracy threads...lol
& I even consider myself 2 b fairly goth too :0
Playin 'round now w/fxcm...
mainly cuz they wanna give me $25 bones.....so I opened up a live one & of course a demo....been doin OK in & out of gbp/jpy thus far tonight.....4 turns bankin 60 pips.....all in less than 90 mins.
I gotta say tho....I HATE gettin used to a new feel. Guess I need ta dump Oanda for awhile & hang w/FXCM.
Anyone here w/em aside from the cAt....Nettles...did you say u had an acct w/em too?
OK......Ni TZzzzzzzzzz.....catch ya'll in da AM.
I had an idea we'd be hearin some scary chit comin oudda Bretton Woods....
Professor Joseph Stiglitz says that a "global reserve currency" taking the place of the dollar would ease the financial crisis.
http://www.cnbc.com/id/15840232?video=912963848&play=1
Free $25 @ FXCM Micro......
if you sign up for cnbc's latest Portfolio Challenge.....& I think this offer may also be open to current FXCM acct holders as well.....not sure tho but I didn't see where it said no to that.
http://www.forexmicrolot.com/cnbc.jsp
watchout 4x.....here comes Worn...finally :0