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went long this am aud/us @ 65.23...
jus caught this spike here & tryin somethin new....got it from a new poster here who did this the other day w/another pr....
covered approx 1/3rd & set my sl not at b/e this time....but in the green...bein that it's several pips up already..40+ & still goin....I think it's best to simply keep raisen the sl as the trade continues to mature in my direction.
OK...gotta run....late for the AM daddy do's already....back a lil later for the kidfree 90+ mins or so.
Cheers!!
yeah.....what he said.....
several times over already.....
seriously Greenland...if u r even readin the board (if not then I guess I'm wastin posts & my time on you)...if u r truly swingen that kinda bat, & there's no reason to doubt that u r, we'd love to hear the perspective behind the standard lot'er....don't think we have anyone who regularly posts here who handles this kinda bank roll.
& for me, one who'd like to eventually do this for a profession one day (maybe Daiello too), I'd love hearin how it all goes from the inside....but not from the bot mentality.
I understand that u most likely wanna be as careful as possible in the way (tone) that u post....which certainly explains the bot M.O. behind your posts, however u can still easily make it a lil more personal. In fact you could add a signature disclaimer at the bottom of all your posts & that would make ya squeeky clean.
OK....that's my 2 cents on the matter.....sure hope u can find it w/in ya ta pull the curtains back a bit....don't worry....I aint askin ta go back to Kansas....& I already have a heart.....no promises on the brain tho :0
Well at least that's a lil more background info on whoever u r....lol
Take off your coat Greenland....after all, I know those sleeves are already rolled up underneath ;)~
Dont worry....we (I) wont bite....at least I haven't biten anyone yet today :0
Love that line.....got it from my vet who likes ta use it when walkin into an exam room to greet a dog ;)~
I been focusin on e/j the last few weeks....
but not cuz I'm lookin ta hang in there all too long....quite to the contrary....the sucker is sooo volitile that my strat is to look for a quick scalp (& usually it's very quick w/this pr...a few mins in most cases) then cover some & set the rest to b/e. & I usually find that I'm holdin the that 2nd lot for not much more than another 20-30 mins....usually given it all back & thus hitten the adjusted sl @ b/e. It's that volitile. If I can grab another 50-75 on that 2nd lot I usually take it....anything more is oudda my league.
As for tryin ta hold long term....been tryin that with us/chf...lookin for several hundred pips there w/a short @ 1.2193 & doubled down again @ 1.2178....have had the 2193 for over a week now....& 2178 I took late Fri. Have been up there as much as 200 per position but I'm tryin ta hold out for at least 350.....hopefully closer to 500. I'm thinken the dolllar is gonna eventually go into the crapper.....have no clue when but sooner or later, the greenback roosters r gonna come home ta roost & most all dollar crosses should do well....especially aud & chf as those 2 economies are among the strongest out there these days.
Nice ta see another fresh face in the mix....welcome aboard Layton...pull up a chair & stay awhile y dontcha.
Cheers!!
OT - A freebie @ Orange Beach eh....I take it dem dare be nice digs then. Next time they happen ta overbook.....give us a holler...especially if they have free wi-fi...I'll even tip da Maid too ;)~
Bein able ta pull some out....good deal indeed....always a good idea to pay yourself as opposed ta lettin it sit idle...usually only bad things will happen if ya let your profits sit....eventually u will put'em ta work & that's of course when the bad things happen.
Welcome back Sherri....glad ya had yourself a lil well deserved R'nR....even tho there was some work involved.
Hehe.....was that last post a good enuff answer? ;)~
Hey UB.....good ta 'see' ya again Bud.....I know I keep tellin ya this but dude, dont be such a stranger ;)~
Been doin good...same ol' same ol' over here...treadin aqua tryin ta keep our cc balances under 10K & actually tryin ta nip ever so slowly away at that balance....not easy these days on 1 school teacher income....liven in Nor Cal no less...at least petrol is now down to 1.75 & fallin....woo-who!!! Not sure how much more suppression from "da man" I (we) can handle....hopefully the Obama regime will slow it all down a bit for us all....tho I aint holdin out much hope for that either.
OK...no one wants ta hear an old man whine ad nauseam....so how 'bout u Bro? I trust all's been shakin well for ya's....how dem contrails been out your way as of late....still billowin' as much as ever? :0
Sure wish I truly knew if ol popz (pushin 81) was lookin out for us.....mom left us too early way back in '83 (they had already been divorced for over 12 yrs at the time) & since 77 we've had one hellatious of a stepmonster in our pressence....& of course popz plays a deaf ear to it all....or pretends ta now know any better. There's 2 step-bro's (one of'em has been a no good junkie for goin on 2 decades now & been liven off all our dimes via Uncle Sam) in the pic & could careless about their mother.....that's should go ta show ya wadda piece o'work she be....so it just aint the ol' fairytale stepmonster story we always hear about....she's the real McCoy...I really think good ol' Walt had her in mind when writing Cinderella.....right on down to bein the spitten mirror image.....no joke...picture the features of that wicked biatch & you'll have a damn good idea as to how she really looks.
Anyway.....if popz happens ta go 1st (he's approx 15 yrs older too...but at least in pretty damn good shape) we're thinken we're all screwed...at least as far as me & my 2 older sis'. She'll no doubt hoard it all for herself & her 2 mutant sons. But truth be known, if it means I wont have to deal w/her anymore...it just may be worth not gettin my cut.
The 3 yr old was talkin to me in the car ystrdy....she asked me about her grandma....I asked her which one & her reply was "what do ya mean?" When I told her she had 2 she had no clue who the other one was.....that should tell ya jus how "special" of a grandma she really is(n't). It really hit me then.....as much as I already knew it, it really drove it home for me how she could really careless for any of us. She was that way from day 1 & all thru school yrs right up til I moved out my 2nd yr in college. Then of course she beacme a lil nicer once I was finally out. Funny story.....I boomeranged once after approx 1 yr & it really set her back...so much so that I couldn't wait ta moveout all over again ASAP....think my boomerang stint lasted not much more than 3 mos b/c of wadda complete wicked witch she was to me.
OK....."family" hr over.....now I need an early Sat eve Happy Hr after reliving those nightmare yrs :0
e/j summary from a 4x T/A Guru.....
of course after reading this it should be quite obvious it dint come from ol' Worn's keyboard :0
Bull & Bear views
Released: Saturday, December 06, 2008
EUR/JPY
Weekly and Daily Charts Outlook
Bulls’ Point of View:
While the monthly long term outlook remains on the soft side (bearish undertone) with no vital sign(s) of major and immediate reversal, the short-duration periodic oscillation in the weekly component --- although still on hard down with a possibility of 1.0 to 1.5 more weeks of bearish activity, appears girded up for some intervening bullish counter play poised to act upon slight stimulus. If this is the case, watch the dismantling of its first series and nearby R2 resistance at 118.40s/118.50s. If 118.40/50s gets blasted, 122.40s/50s gets in line for a new resistance and should be able to parry and arrest further bullish assault. Otherwise, if the bears get pinned and abandon the 122.40 barriers, the immediate peripheral of 127.00 looks compelling for a major target. But notice that the barriers at 122.40/50 look formidably strong for a Weekly resistance unless some drastic influx of bullish fundamental data hits the wire and adds traction to the upswing and fling prices higher -- The bulls could therefore slip through the crack and rattle prices up to higher levels --- possibly storming the aforementioned 127.00s major barriers.
Bears’ Point of View:
Conversely, the nearby support seen at 117.30s are potential easy targets while the next pillars of supports stands close at 116.45/55/60/70s and could brace for yet another barrage of bearish onslaught if the hard down phase mentioned above of 1.0 or 1.5 weeks is yet to be exploited. At this junction (116.45/55/60/70s) and for the sake of the “longs,” it is hoped that the Euro Bulls are able to energize their base and fuel a reversal. If not, the exploitation of its next low territories (supports or overhangs) emerging at 116.08/13 and 114.60/70s guarding the major low side curvilinear envelope sweeping at 112.60s and or 111.30/40/50 or 60s, looms in the immediate horizon (if 116.45/55/60s aforementioned supports gets rolled over or violated.
Generally, putting our finger to the wind, the Daily chart pattern, although signs of bottoming now emerging in the 13-day cyclic grind and with hard up price action in placed [either bottoming out this Sunday (December 7th) on its 13th day or may have already seen its 13-day bottom last Friday and hard up price motion is now underway], the possibility of some bearish extended play until Monday, December 8th or early Tuesday, December 9th remains a possibility. You want to keep an eagle eye watch on any of these possibilities (price action) and get ahead and ride the wave (bullish push) as soon as it materializes or ride the skid if otherwise.
Moreover, for the Point of View of the Bulls on Daily (D1) Component:
First, see that 118.55/65/75 or thereabout nearby resistances gets dismantled. Last Friday toward the close of the market, the pair looks pretty firm but may succumb to some momentary correction (slight pullback of about 80 or 115 to 140 pips from its last Friday’s high of 118.70s) any time during the Asian and or European markets. But if not, and if the 118.65/75 nearby barriers is managed (broken), this could set another exploitation of next higher territory and 119.80/90s to 120.10/15 or thereabout are the likely nest up target objectives. Moreover, the possibility of the re-birthing of the 13 or 14-day cycle should be anticipated as the price action from this component within the frame of two to three days could toss prices even higher and bump the 120.60s and 122.40/50s next walls of resistances. Extended bullish play (a total of around 4 to 5 days of buoyancy) could also materialize and the pair could rip through the above mentioned 122.50s resistance and the upper ceiling bounds of 125.50s and or 127.20/30s or thereabout looks pretty compelling for an ideal dream high.
A quick peek at the H4 component in the Asian Market opening:
After maybe one more bar of sustained firmness with guarded optimism, consider the possibility of prices back pedaling on a short stroke (few bars of around 2.0 or 2.5) to be followed immediately by a reversal (up tick). The downward price action is seen to cover a magnitude of around 120 to 140 pips on the minimum (high probability) or 245/250 to 285 pips on the maximum (average to low probability).
On the other hand, if resiliency persists (bullish price action continues working past 118.50 initial barrier), it is seen to remain hard up to complete a total “up run” of around 4.0, 5.0 or 6.0 bars for a swing at 119.80s.
Sorry to hear of the reason why you'll be in the area....& of course to learn you had originally planned to be in town over those upcoming 3 days but it's sinced changed.
Def woulda been nice ta get together for some actual face time ;)~
OT....& in my best SNL Emily Latilla impression "never mind".....I thot I read a "me" in that post of yours...as in..."do you want me to pick some tumbleweeds...."
meaning you were plannin on bein in town then.....then I re-read it & saw that u were askin me to pick the weeds.
Sorry....not sure we'll even be seein the light of day for those 3 days...so unless there happens 2 b any weeds rollin thru the Sprotsbook or casino floor....the only thing we hope 2 b picken up is all our WINNINGS!!!! ;)~
Jester....u wouldn't happen 2 b sayin you'll be in the Reno locale in 2 weeks time r ya? If so....by all means....pick some weeds & bring'em on over to da Sportsbook w/ya....well use'em ta help w/our pigskin spread forecastin....which typically consists of favorite uniform colors, team names & most unusual player last names :0
& that of course goes for all others here.....The Peppermill is the joint we plan ta take down...12/20-23 ;)~
& I was gonna add....in addition to req'd Newbie reading....at a minimum it should at least be Veteran porcelain thrown/bathroom reading material for those coveted lonely moments of "mental health" :0
& Jerle....nope...didn't happen ta catch that move....I did catch some decent one's tho I didn't mention here....an aud long for 70+ & a e/j short for 40. Just checked the weekly report & I did make approx 5% on the week....tho I was up closer to 20% at one time...then the usd/chf decided to run north on me & there went all my profits & then some....tho I still have that position & actually added to it as it went oudda my favor.....think I mentioned that here.
Anywho.....not a lot of time today 2 b chit chattin w/u Frats here....got some fam holiday events in town today (trucked-in snow, reindeer slay rides & we're actually walkin in a parade after all that, etc.) & tomorrow I'm goin to an annual holiday fund raiser Bruch for the Rescue I vol for....gotta be there early to help set-up for the Silent Auction, etc.
Don't think I wished ya all a Happy Fri ystrdy as I usually do....so a belated happy Fri to all & a fine wknd ta boot.....& Sherri, pls pass along our best to the Hubby...hope things are improving on that front.
Cheers mah fellow 4x'ers!! ;))
December Currency Trader
A must for all 4x'ers...especially if u r just starting out....
http://www.currencytradermag.com/downloads/index.php
I hear ya.....gettin up 200+ & what took approx 5-6 trading days was all lost (& then some) overnight on my short usd/chf call....the flip side I was able to more than double down w/it & will try doin the same....holdin as long as I can...tho this time I'll use one of these lots to trade with....lookin for at least 50-75 a pop as it trends back down....unreal how fast you can lose it vs how long it takes ta make it in genl.
& that's about all it's worth....well, maybe 3 1/2 to 4 :0
Ya think he really cares at this point....I'd rather hear Obama at this stage....anything bush has ta say on ANYTHING at this point is nothing more than political fodder....same as it ever was....& more so now than ever.
VERY OT....bein that it's Fri....
aheem...(Joe) Friday...."jus the fax ma'am" ;)~
Sorry....that was bad...u know me, still couldn't resist.
OK I know I know....back to the back of the class for me.
Oh....w/re Pick Your Pockets Sun....I hear ya....but then again, that's not much more than picken a 99% slot :0
Wild swings w/no real ryhme or reason....but if that's your game...mo'powa 2 ya's. I had only metnioned what I did b/c it sounded as if Zav was thinken about leanin towards the safer, more conservative tradin game plan w/the comment of not tradin on Fri. Heck, if you're gonna trade on Sundays....why wouldn't ya also trade on Fri's? lol
I keep thinkin of the Dire Straits tune Industrial Disease...."...abolish Mon mornings & Fri afternoons...these are classic symptoms of a monetary squeeze..." :0
It's been discussed that it's usually best to simply try & make it a rule to trade no sooner than the Mon NY open & try to begin scaling out come early Fri....or by late AM est.
In between those hr's u begin ta roll the dice even more.
Well all I can add is....
an "expected" # can be jus as padded as the actual # that's bein reported.....so who really ever knows what the real # is.
Seems to me for the last several Q's now we've been trading on ghost #'s....well....the #'s are there of course, we just have no clue how accurate they are.
W/re to the fundamentals of it all (why is it seen positive?)...ya mean comin in better than expected yet still negative I assume....that's been my beef (Nettles too if I aint mistaken) for quite sometime now...the only answer I can come up with is the ol' manipulation thread plain & simple.
Thus it appears as if the mrkts will trade wherever they damn well want to & thus the fundi's are thrown right out the window...at least until the powers that be decide to let go & allow things to trade in a range that's more telling of the actual #'s....or shall I say the #'s we're being given.
After all.....it would all be too easy if there wasn't this sorta manipulation goin on.....we'd all make a killing trading off these events if everything reacted as it should...wouldn't we? Sure we're thrown a bone or 2 every once in awhile & things go as they should when #'s come out....but for the most part, at least for the larger events, it seems to me that there's no real ryhme or reason to trading off the fundi's anymore....been this way for awhile.
We were talking about all this several mos ago I think & this is just another reason why this is all so much of a crap shoot & is another reason why trading the charts & T/A is far more lucrative...especially when speaking of 4x.
That's my best explanation anyway....take it or leave it.
& man alive....that several day usd/chf short I've been workin on...the one that was up over 200......just like that overnight it's pretty much back to b/e...took the better part of a week to make that 200 & just like that, gone in a flash. Still holdin of course & gonna try to be patient & wait it out...in fact I've added to it here @ 1.2178....& I see where now both are under water. Just when I thot I wouldn't have to worry over the wknd w/an open position cuz it was up at least 150+.....now it seems I very well may have to be under wknd water :0
I'll still continue ta trade in & around'em.....jus goes ta show ya....prolly always best to simply trade the ranges & quick spikes never trying ta hold day ta day, week ta week, etc.
Happy Fri all....2 more weeks ta go before 2 weeks off & the Annaul Boys Pigskin Lost Wknd in Reno...12/20-23 if anyone happens to be in town.....Suites @ The Peppermill.....hut hut HIKE!!! ;))
g/j....
no prob..anytime....& jus taken a lil break...if I aint postin know that I'm lurkin....+ the board has been so on fire as of late that I'm gonna try & keep it as topical as possible.....dont wanna start usin my 15/day goin into more of an OT focused babble.
So havin said that...here's a free take (vid) from CompassFX on the g/j...
"Will The Daily Range Stertch to 135?"
http://www.compassfx.com/video/flash/120308/120308.html
back a lil later on....almost time for the pre-school p/up.
Cheers!!
Lotza good posts...especially ever since I decided ta take a break.....guess I'll remain lurkin in the back of the class since it seems the board gets hopin when I decide ta take a breather....tonz of activity here thus far on the week....good stuff.
I like the idea of puttin your pair at the beg on the post as a header....& I too will try ta remember ta place OT in front of the posts of mine that are...only prob is for me....my posts tend ta include both topical & OT stuff...especially now that my IHub leash is back on :0
CaT.....nice beast call.....I grabbed me 204 pips b/c of that....tyvm Bud!! & nice new episode there....Anita is her name ya say? I thot it was somethin else? Over the wknd (or maybe it was last Fri) I did give her a BD shout out....tho I may've said the wrong name....lol So if ya happened to read that post & had no clue who I was wishen HB too....that's why....it was meant for whoever the current GT squeeze is ;)~
Jerle....I took your advice a lil too early on the short e/u call....got stopped out before it decided ta go south....vnc tho as it turned out.
& I take it the mrkt is now reacting to Ben's babblin....really doin wonders for my short usd/chf here..up approx 220 as its' perhaps finally taken out 1.2020 once & for good.
& Nettles....agreed w/your aussie call & thus your comments on that economy....Aus & Switzerland I think will be the best calls to short the dollar on (aud long of course) over the next few Q's.
Sorry ta hear of CaT's & Nettles cc robbery's....unreal it all is....& b/c that lobby is so damn strong, I really don't think it matters all that much how much talk we ever hear about bills/laws they're trying to push thru ta protect the consumer, all the cc's are deep into the pockets of the powers that be so the consumer is toast....as is the case much of the time.
I got a 0% bal transfer story....in short....I ended up payin approx $45 in interest on a $10 item I bought online...they made sure to hold up my payoff of the entire balance & push thru my 0% bal transfer lickity split...so that the higher balance transfer would be paid off 1st while the $10 item sat there accuring interest at the higher rate until I was able to finally pay off the transfer several mos later...the 2 transactions actually posted on the exact same day but I had made my payoff of the original balance a few days earlier so I thot I was safe making the 0% transfer when I did.....of course I complained...to no avail....wadda f'n rip it all is.
OK....goin back to the back of the class....still feelin like playin it low key for awhile....but pls keep up all the good posts....both on & off topic....I enjoy it all.
oh & btw....not sure if I had mentioned this or not (dont think so) I did update the IBox & added all the pair nicknames...thx once again to the CaT for that info.
Cheers!!
Yes...u r right....re-fi's it's been....& the fixed 4.5% proposed Freddie & Fannie deal that NRA & mortgage brokers are now peddling is a joke.....why wouldn't I go into foreclosure just ta buy it back from the bank to get the fixed 4.5?
Talk about not thinken things thru.
& Sherri.....sorry to hear about your husband bein in the hospital...sure hope it's not anything too serious.
& w/todz ta boot...I can't imagine.....more power to ya Girl.
Sending all our postive thots 'n well wishes your way.
& thx for the usd/chf read a few posts back....was that from Nettles?...I forgot....but thx to whoever....that long term short I'm tryin ta hold (that was up almost 200 ystrdy) is only up 100 now....which is an improvement from where it was a lil earlier in the day....in the +50's. Def seems that 1.2020 range is gonna be a tuff 1 ta crack thru.
Takin a lil break of sorts over here.....I find that every so often I need ta step back from it all & jus lurk.....sometimes it's best to be thot of as a fool then to speak & remove all doubt :0
I edited that post too.....added another clip where it looks like she's gettin ready for a nite out.....indeed, the Jumpy's are a hoot. ;)~
Move over Bartiromo......
gotta love the Kidde Jumpy Swing in the backround....a lovely lookin gal talkin finance....be still my beating heart :0
Makes me wonder....is Nettles or Sherri moonlighting on us perhaps? ;)~
yeah...what she said :0
hooocheeemama!!
Ibox updated w/the nicknames
Pair nicknames....
thx to the CaTman.....will also add to the Ibox as promised....
beast = gbp/jp
ugly sister = eur/jpy
turtle = usd/jpy
python = eur/usd
dragon = gold/usd
dragons ugly sister = silver/usd
usd/chf = usd/chief
gbp/usd = pythons brother.....or simply "The Cable"
& here's a bit of 4x trivia.....who knows how The Cable got its' name?
Extra Credit for those who dont use Google ;)~
& GT....thx again....well def call ya this week....& yes, I finally did drop that Nader/Gonzo - NPRadio Guns & Butter Interview (audio cd) in the snailmail over to your right coast addy...should arrive w/in 3 ta 5 days as the postal clerk said....who actually seemed a lil miffed that I refused to insure it...."are you sure you don't wanna insure it?" he asked me 2 times....what, is the UPS gonna try & make a frisbee oudda it?...lol
Let me know if for some reason ya dont get it....it's saved on the PC so I can easily reburn ya another 1.
4x draws us in fur'sure....think there's always gonna be more dice throwers amongst us....in fact, I think one who considers themself to be conservative wouldn't dare get close to 4x....& if they say they are conservative....they're in addicitve denial :0
OK.....gotta run or else I'll have a 6 yr old thinken dad forgot her.
It can also be used for straddling too.....just cuz you only use it for hedging (or whatever ya wanna call it) dosen't
mean u can't straddle w/this option as well.
Oher than those 2 strats I have no clue what else u r supposed to to do w/these features or what ta call'em?
Give me scaling out any day over hedging....or 3 yr old projectiles. :0
Too funny u r Sherri :))
yeah.....well did ya happen ta win it twice?...lol
albeit under a different handle....I'm Raiderdad too ;))
http://www.theforexclub.us/forextradingcompetition.htm
Same answer as why did the person climb the mountain.....b/c they can...lol
no rhyme or reason whatsoever....u could come up w/a million reasons why it went up today....& 2 million why it shoulda gone down...lol
& Traderdon......sounds like u r on a very natural progression....pinks to 4x....& I hear ya....we sound as if we have very similar addictive traits indeed. Take it from me, it's helped me tremendously to demo...so much to the point that now I'm gun shy...which as u know is a very good thing for folks like u 'n I :0
Indeed 4x is very much like a casino w/a Wall St twist....in fact some will say it's even more so of a crap shoot than Vegas b/c of the leverage factor. The kewl thing about 4x tho is that you could have a short on the same pr for which I have a long & we could both quite easily come out winners...& many times open & close all positions w/in the hour...lol
Take good notes here from the elder's....in fact go back well over a yr here & I think u will find some really good posts from folks like Ataglance, Jester, JRB, Capitalist & a handful of others....who for the most part don't post here all that much anymore.
At least you have sites like Ataglance's theforexclub.us....a wealth of info there....& the price is right too.
OK....almost time for my p/up....ck back later on....maybe get my red close manana...lol.
Here's what I'm workin on now....not much....
short usd/chf @ 1.21927....this is the one I'm tryin ta hold long...at least a few mos...see if I can grab me 750-1000 or more...lol
took a short euro/jpy this AM @ 119.10..already covered 1/2 for about 20 & lettin the rest ride w/a b/e sl....up 55 now...hopin it'll break south for another 75-100 b4 trending back north to the original entry.
Da da da da datz all folks!!!
Cheers!!
w/hedging I wouldn't say it's a risk factor...more so what 1 is willing to pay ta play both sides....less risky this way wouldn't ya say? At least vs scaling out when u r only on one side of the trade.
Steppin out.....got the lil 1 p/up in a few then a Costco run...back closer to the Yankee close.
Cheers!!
indeed.....everything's e z w/more $$$...
but lets say ya wanted to slowly scale out leaving some running...as for me, I'd rather have that option as I'd be doing that far more than hedging myself. In fact, I really don't think I'd ever wanna hedge unless I had a 50K acct.
then again, stradlin makes it too e z ta get wiped out...especially @ 400-1....& on spreads for which u really dont have a clue what u r payin.....any second it can all of the sudden go up on ya....dont like the 4x box of chocolates mentality :0 I like ta know what I'm payin ta get in....but that's jus me.
Hey...is JRB tryin ta get his place back up runnin again?
http://www.thefxhub.com/
One of the benes about playin small indeed Sherri.....hard to lose that way....eventually the chart will came back your direction....only ? is, how long will the recvoery take? that could idle & keep ya stuck in a trade for quite sometime unless you choose ta take the loss.
I'm thinken about playin it that way myself.....which was my very 1st demo strat 18 mos ago...was pretty successful w/it too....just keep addin to the losing positions...eventually you'll either make it back to b/e or even walk away w/a few pips.
Sooo many strats & ways ta play it....I could easily see myself gettin into trouble by tryin ta blend a few different strats all into 1 trade...lol
Hey...since there's several new faces 'round here....any1 have an interest in tryin ta get another monthly competition goin? Would be nice to have at least 10. Only change I'd make is that it's only open to those who wish to acknowledge themselves here....just the alias is all....that's one thing that took some of the fun out of it all for me....no one ever knew who most of the contestants were...or at least if they posted here, they weren't willing ta fess up.
If anyone is interested.....I'll be happy to manage it....ya just gotta sign on w/the Oanda demo platform.
If there's enough interest I'll get it goin....in the meantime, here's the link to the Oanda demo platform should any of the newer faces have any questions....or ask away here. & the CaT also has all the previous monthly competition diddy's over at The 4x Club.us site.
Oanda home page
http://www.oanda.com/
demo reg page
https://fx2.oanda.com/mod_perl/register/register.pl
The CaT's page for the comp info....I'd run it just as he ran it b4...50K beg bank, set your own leverage, etc.
http://www.theforexclub.us/forextradingcompetition.htm
& so much for my Dow call.....really lookin like a green close today.....unless of course Ben can manage ta do his thang & really screw it all up....lol
I'm ref to the one's that The CaT, Jester, JRB, etc came up with...the one's you've cited are the more formal/common one's used....which of course is also good ta know...lol
I'm still tryin ta dig'em all up but can't seem ta locate'em anywhere.....however, for all the newer faces here.....ya gotta bookmark The CaT's site...that is if ya wanna have 1 decent spot to go ta absrob as much 4x as ya can....kinda shocked tho he doesn't have the nicknames listed somewhere over there either....really makin me dig here :((
http://www.theforexclub.us/index.html
& ya gotta love the link to the Misery Index here...lol
http://www.theforexclub.us/miseryindex.htm
of course those are the more formal call signs......
some of the more infamous one's that da ol' Stalwarts 'round here from back in the day have coined are...
usd/jpy = Turtle
gbp/jpy = Beast (or is it The Ugly Sister...& if so, which pr is the other?)
There's several more that I myslef could never seem to get down....after lookin, I don't think they're listed in the IBox...unless I missed it somewhere? Thinken maybe we should add'em to the IBox....Jester, CaT or anyone else....I'd be happy to if someone will list'em here....think I can handle addin'em w/out messin it all up :0
I see where the usd/chf has decided it wants to make 1.2000 a real beach ta breach....I may need to be real patient w/this support....but once it finally does bust it down...I'll be lookin real sweet as far as being able to be green for quite sometime to come....would love to finally have me one of dem mos ta mos green positions.
us/chf headed south for me.....already up close to 200 & lookin for more....in the midst of finally crackin 1.2000 (trendin back up now tho) & when it finally does it's lookin like another 100+ ;)~
Thinken the dow will actually close neg today.....helpin out my cnbc doom 'n gloom port. Had a great day w/it ystrdy.....short s&p, comm real estate & dollar...then triple long gold...all etf's...was in the top 4.4% on the week last week...still net red tho overall...but not by much now tho....hehe.
I wont mention my small (5%) c position @ $9 that's been hurtin me.....good thing we got the currencies ta help me thru the stock jungle :0
Really great seein more 'n more new "faces" 'round here....hope it keeps up right thru the holidays (& cnbc challenge) as I've been guessen it may.
Cheers!
Thinken about playin the aud rate cut......which shoulda already taken place by now....
11 mins worth of related info
http://www.compassfx.com/video/flash/120108/120108.html