All Forums | Investments

Long December.....FOREX

Participants:
Search
Views: 7462
Posts: 256
 
Captain
Participation Meter
Joined: Oct, 2005
Posts: 8951
Posted: #51
Are you a mini account or standard?
 
Captain
Participation Meter
Joined: Oct, 2005
Posts: 8951
Posted: #52

you in a mini or a standard account?

have you read up on the changes they just made?

 
Legend
Participation Meter
Joined: Sep, 2007
Posts: 35636
Posted: #53

still on mini account

Yeah, I got an e-mail about the changes

 
Legend
Participation Meter
Joined: Sep, 2007
Posts: 35636
Posted: #54

actually, I had a bit of a hard time understanding what those changes were.. can you explain it bucknuts?

Trades are going steady

 
Legend
Participation Meter
Joined: Sep, 2007
Posts: 35636
Posted: #55

I'm out of my USD/JPY trade... gut feeling says that rally is over now... made away with a nice profit.. got in at 8873, sold at 8916

Net gain, 43 pips.... I'll take it... hope I didn't cut myself short, but analyzing the charts, I think a downtrend here is inevetable.

Sticking out with my USD/CAD pair.. it looks good.. I'm trying for 1064 here

 
Legend
Participation Meter
Joined: Sep, 2007
Posts: 35636
Posted: #56
Hey Bucknuts... I just learned something from forex.com... They let you trade spot gold and silver   Have you done this?  Anyone here an expert in silver and gold?  Sounds interesting, and it's done right in the trading platform (just have to add the pairing)
 
Legend
Participation Meter
Joined: Sep, 2007
Posts: 35636
Posted: #57
Well, I liquidated my USD/CAD trade... again, gut feeling is this is going to go down.. may as well take the profits here now and look at it later... again, made a nice profit of 45 pips... I'll take it.
 
Covers Linesmen
Participation Meter
Joined: Feb, 2003
Posts: 58464
Posted: #58
buck,

What happened with your other US.Yen trade, the one at 89.60?

Did you average down and get out?


 
Captain
Participation Meter
Joined: Oct, 2005
Posts: 8951
Posted: #59

Whats up guys...i passed out after my last post just b4 1pm...

Ice new rules make you keep more margin for each lot...all the new rules can be avoided by opening an account through forex.com UK branch

Wall i got my average down to 8920s and got out with a total of 48 pips...its on page 2 i think?Had another good week....i will be going for more pips when i can watch the trades...every trade i posted was good for several times my limit...

 

 
Captain
Participation Meter
Joined: Oct, 2005
Posts: 8951
Posted: #60
Quote Originally Posted by bucknuts:

risk/reward is low...i think the DMI crosses are the $$$ makers....i could go for more but 20-30 pips is a good goal i think...ive scaled back some going for 20 but its worked out fine up to this point....and i dont set stops so....where does that leave me?

I was hoping it would spike down again an give me a sot to average lower but no such luck[i was gone when it hit the 60s just b4 10am] i got it down to 8824 limit now at 8836....im going to hit the hay ill check it when i wake up

Heres that post on JPY Wall

 
Veteran
Participation Meter
Joined: Sep, 2001
Posts: 4877
Posted: #61

bucknuts,

Whats your goal to make every month?  You do this for a living?

 
Captain
Participation Meter
Joined: Oct, 2005
Posts: 8951
Posted: #62

I aim to do this for a living soon...i dont really set monthly goals...but i can average 2k a week...maybe more if i can be in front of the computer more when i have trades open

 
Veteran
Participation Meter
Joined: Sep, 2001
Posts: 4877
Posted: #63
How much is good to have in your account to be able to make2k a week that seems like you would need a very large account to handle margin. 
 
Rookie
Participation Meter
Joined: Jan, 2007
Posts: 576
Posted: #64
Quote Originally Posted by gamble04:

How much is good to have in your account to be able to make2k a week that seems like you would need a very large account to handle margin. 

I am wondering the same thing.  Also, how much is a good starting point for opening a mini account?
 
Legend
Participation Meter
Joined: Sep, 2007
Posts: 35636
Posted: #65
found a cross in USD/GBP to go long.. in at 1.626.. let's see what happens
 
Legend
Participation Meter
Joined: Sep, 2007
Posts: 35636
Posted: #66
Switched sides.. I'm SHORT now on GBP/USD

Looking at the chart, I think this goes DOWN.. keeping it open overnight, will check in the morning
 
Captain
Participation Meter
Joined: Oct, 2005
Posts: 8951
Posted: #67
it hit a high of 1.6326 after the cross and now youre up 40 on the sell....hope you get up in time to catch some profit
 
Captain
Participation Meter
Joined: Oct, 2005
Posts: 8951
Posted: #68
Profit id use 2k to start a mini and start trading one or two lots at a time..
 
Captain
Participation Meter
Joined: Oct, 2005
Posts: 8951
Posted: #69
Im jumping in GBP on a buy here got in about 5 mins ago 1.62396....going for 20
 
Legend
Participation Meter
Joined: Sep, 2007
Posts: 35636
Posted: #70
Ouch, took a loss... I hit my stop loss of 50 pips
 
Covers Linesmen
Participation Meter
Joined: Feb, 2003
Posts: 58464
Posted: #71
That Dubai news added to the markets and weakened the USD, that and having Citi exit TARP.


 
Captain
Participation Meter
Joined: Oct, 2005
Posts: 8951
Posted: #72
So you set a stop and had no limit?
 
Legend
Participation Meter
Joined: Sep, 2007
Posts: 35636
Posted: #73

Quote Originally Posted by bucknuts:

So you set a stop and had no limit?

Set a 50 pip stop loss, and a 70 pip limit

 
Legend
Participation Meter
Joined: Sep, 2007
Posts: 35636
Posted: #74

going short on USD/CAD.. in at 1.057

Based on the chart, this should go down...

 

 
 
Covers Linesmen
Participation Meter
Joined: Feb, 2003
Posts: 58464
Posted: #75
Quote Originally Posted by bucknuts:

So you set a stop and had no limit?


Setting sell stops is the quickest way to get cashed out..tough principal but most positively true.
All Forums | Investments
About Us
Contact Us
Careers
Our Team
Brand
Testimonials
Betting Guides
Sportsbook Reviews
Betting News
Podcasts
Responsible Gambling
Betting Sites
US Betting Sites
Canada Betting Sites
Canada Casinos
Best Betting Apps
Contests
Streak Survivor
King of Covers
Office Pools
The Covers community has
810,221
lifetime members worldwide
Covers 30 Years Logo Established in 1995,
Covers is the world
leader in sports
betting information.
21+
Gambling problem? Call 1-800-GAMBLER
Help Privacy Privacy Choices Terms of Service Cookies Sitemap Forum
Covers is verified safe by:
Evalon Logo Logo GPWA Logo GDPR logo Logo GeoTrust logo Logo
Covers Logo
Copyright © 1995 - 2026 Genius Sports. All Rights Reserved.
If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on this website, we strongly recommend that you carefully check your local laws before doing so.It is your sole responsibility to understand your local laws and observe them strictly.Covers does not provide any advice or guidance as to the legality of online sports betting or other online gambling activities within your jurisdiction and you are responsible for complying with laws that are applicable to you in your relevant locality.Covers disclaims all liability associated with your use of this website and use of any information contained on it.As a condition of using this website, you agree to hold the owner of this website harmless from any claims arising from your use of any services on any third party website that may be featured by Covers.