| Latest Forum Topics / Others |
 Post Reply
|
|
Forex Junction
|
|||||
|
baseerahmed
Master |
15-Sep-2008 11:00
|
||||
|
x 0
x 0 Alert Admin |
Demo Trade UJ On the PC at 10.30am Saw the decending triangle forming. Waited for the break of horizontal line Broke the line at 10.40am Keyed in 105.86 at 10.45am Took the ride to 105.68 at 10.50am 20 pips within half hour . Stick to plan . Quit for the day . caveat emptor |
||||
| Useful To Me Not Useful To Me | |||||
|
singaporegal
Supreme |
15-Sep-2008 09:51
Yells: "Female TA nut" |
||||
|
x 0
x 0 Alert Admin |
The surprisingly bad economic reports from the US last Friday triggered off high volatility. Some of my stops were triggered as well.... crap.... |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
iPunter
Supreme |
14-Sep-2008 20:16
|
||||
|
x 0
x 0 Alert Admin |
You are right there...:) |
||||
| Useful To Me Not Useful To Me | |||||
|
elfinchilde
Elite |
14-Sep-2008 17:48
|
||||
|
x 0
x 0 Alert Admin |
haha. of course there are sharks. but there's a VERY big difference living with sharks in a small drying pond, and living with sharks in a big wide ocean. The aim is survival, isn't it? if you'd read my retailers thread, you'll know i spoke of EU manipulation since jul. ;) cheers!
|
||||
| Useful To Me Not Useful To Me | |||||
|
iPunter
Supreme |
14-Sep-2008 15:44
|
||||
|
x 0
x 0 Alert Admin |
Baseer... :) Hey, this is a wonderful post in that it is supremely educuational... hehehe...  You have very nicely dished out some pure wisdom... I always believe blowing an account or two should bring in the point... |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
baseerahmed
Master |
14-Sep-2008 11:30
|
||||
|
x 1
x 0 Alert Admin |
Demo Trade on UJ Lessons Lessons Lessons last week : positive 60 pips this week : negative 130pips : ( ------------------------------------- how ? .. sigh ..quite a long story ..but here goes .. two trades cut into stop loss .. the irony is (as always) they happily later went on to the reach the target price .. like the rodeo horse that unseats/topples the rider and goes on to the finish line innocently ... hahaha ! the 3rd trade : wrong view ..therefore loss end to last week's positive 60 pips ------------------------------------ while looking up for ed ponzi's books on amazon .... missed one set up. Lesson : stay focused ... aim for the eyes like Arjun .. merriment comes after the execution of duty .. duty first ... don't get distracted .. ---------------------------------- i wasn't upset with the zero account .. i was quite comfortable with it because i had done my 'due diligence' within my ability ... ------------------------------------------ here is the juicy part ... somehow the 'devil' in me reared its ugly head and prompted me .. and made me break all self-imposed rules ..hahaha ! ..like.. on friday night .. had a nice ride down with a gain of 40 pips .. over-ruled Limit Order and got greedy for a few more pips ..to compensate for the lost 60 pips, of course ... and froze to take immediate action to 'put out the fire' when the trend reversed ... thinking its a retracement ...but it went on back to trigger the stop order . adamant to recover losses , made another impulsive entry ... hence the greater loss.. hope this teaches me a lesson ! serves me right ! Lesson for this week : Stick to ur pre-planned set-up ! don't be trigger happy ! : ) |
||||
| Useful To Me Not Useful To Me | |||||
|
singaporegal
Supreme |
14-Sep-2008 10:38
Yells: "Female TA nut" |
||||
|
x 0
x 0 Alert Admin |
The easiest way to play Forex is to find a strong economy and play it against a much weaker one. However, in extraordinary times like these where the GLOBAL economy is in shambles, it is difficult to find economic opposites. This makes it difficult to find trends that last longer than a few weeks. |
||||
| Useful To Me Not Useful To Me | |||||
|
iPunter
Supreme |
11-Sep-2008 16:33
|
||||
|
x 0
x 0 Alert Admin |
The sharks in the currency market can only be the big banks and huge money...
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
trader88.sg
Veteran |
11-Sep-2008 16:22
|
||||
|
x 0
x 0 Alert Admin |
haha, you are one sharp-eye shark.
|
||||
| Useful To Me Not Useful To Me | |||||
|
iPunter
Supreme |
11-Sep-2008 16:10
|
||||
|
x 0
x 0 Alert Admin |
Elfin... :) Hahaha... It appears you are obviously unaware of the sharks in the currency market ...
|
||||
| Useful To Me Not Useful To Me | |||||
|
elfinchilde
Elite |
11-Sep-2008 13:34
|
||||
|
x 0
x 0 Alert Admin |
can't remember if i said it before, but thanks cashiertan for introducing me to forex. a key reason i got into it was because of your 'promotion' about it.  you were right that forex is very suitable for techies.
and in this kind of stock market, where it's shark eating shark, personally, forex actually comes as a relief; since it allows for trading; whereas the local equity market is kinda like, shorted to near-death already, and good only for long term plays. meanwhile, it's back to steady scalping. small money builds up to small fortunes. 
|
||||
| Useful To Me Not Useful To Me | |||||
|
elfinchilde
Elite |
11-Sep-2008 12:14
|
||||
|
x 0
x 0 Alert Admin |
thanks for the explanation, singaporegal. and baseer, good stop loss. 
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
iPunter
Supreme |
11-Sep-2008 05:05
|
||||
|
x 0
x 0 Alert Admin |
Baseer... Judging from your rate of progress, it may not be long before you become our "Forex King"... hehehe... |
||||
| Useful To Me Not Useful To Me | |||||
|
baseerahmed
Master |
11-Sep-2008 00:08
|
||||
|
x 0
x 0 Alert Admin |
|
||||
| Useful To Me Not Useful To Me | |||||
|
singaporegal
Supreme |
10-Sep-2008 22:23
Yells: "Female TA nut" |
||||
|
x 0
x 0 Alert Admin |
Yup. Thanks trader. ATR is a volatility indicator. Basically it represents the average range over a period of time. I use that to decide where I place my stop. The basic idea is this - the more volatile the currency pair, the further away I place the stop.
|
||||
| Useful To Me Not Useful To Me | |||||
|
iPunter
Supreme |
10-Sep-2008 20:42
|
||||
|
x 0
x 0 Alert Admin |
Sorry... :) |
||||
| Useful To Me Not Useful To Me | |||||
|
trader88.sg
Veteran |
10-Sep-2008 18:04
|
||||
|
x 0
x 0 Alert Admin |
Pets' talk in Forex thread? | ||||
| Useful To Me Not Useful To Me | |||||
|
iPunter
Supreme |
10-Sep-2008 17:27
|
||||
|
x 0
x 0 Alert Admin |
A hammy that's too small eg. a robo can be easily lost in the house...
|
||||
| Useful To Me Not Useful To Me | |||||
|
elfinchilde
Elite |
10-Sep-2008 16:50
|
||||
|
x 0
x 0 Alert Admin |
cool. thanks trader88. i shall go experiment. hehe. small elves need small pets. 
|
||||
| Useful To Me Not Useful To Me | |||||
|
iPunter
Supreme |
10-Sep-2008 16:21
|
||||
|
x 0
x 0 Alert Admin |
That hammy's cute... |
||||
| Useful To Me Not Useful To Me | |||||
