Posted:
#101
Quote Originally Posted by papageorgio:
got my 50 outta cad
4 lots too
got my 50 outta cad
4 lots too you had a great entry, nice trade..too risky for me but glad it paid off.
Schools out for[ex] summer....June edition
Posted:
#102
Wall,
Hope you are right on that bp thing. Shit this oil may come down my way. I live on the gulf coast. If I cant go snook and tarpon fishing........my lifes over.
I Have to certainly agree with you all that to avg. in is the only way to go. Same as Pap, I see in other forex forums people making decent calls, but getting stopped out all the time. You guys are the only ones that are patient and dig yourselves out to some really good gains. Keep it up, its a great read.
Posted:
#103
Quote Originally Posted by papageorgio:
hey but we're still making $$$ on these trades. I've looked at other forex forums and their are some real good chart guys out there but a chart doesnt give you the right trade. plus these guys all get stopped out, most of time they were right but the trade moved against them a little passed where they thought it would go. you cant be exact, being perfect wont happen often.
hey but we're still making $$$ on these trades. I've looked at other forex forums and their are some real good chart guys out there but a chart doesnt give you the right trade. plus these guys all get stopped out, most of time they were right but the trade moved against them a little passed where they thought it would go. you cant be exact, being perfect wont happen often.
Thats whats so scary about other forums...they use stops and dont post their entries in REAL TIME..doesnt do much good when some guys posts an entry that was 50 pips ago and is always the top or bottom...just too many frauds...the funny thing is they all agree you cant make $$$ trading the way we do
..Wall and i were just talking about this in PMs a few days ago..even in a micro account $2500 provides plenty of buffer room as long as you dont load up on lots to start trades
Posted:
#104
Buc
I have been following you in here for what 2-3 years maybe. You can tell me if im wrong but, I remember 1 time that you had to finally give it up on a trade. Now thats over hundreds of trades......1 time only. It may have cost you a couple hundred pips that time, but look at gains over that period by averaging in...case closed in my book. Those guys that are against avg. in, need to spend some time in here. I personally think most dont have the funds or the balls. You know its not even mentioned in other forums...............toooooooooooooooo scary. 
Posted:
#105
iron
those guys are just not using their heads. they open an account with 5g's and buy too many lots, 5g's is plenty of money too start with. i believe they have the balls but not the brains. i read 1 poster talking about he'd make 1000 one day and lose 2000 the next. money management is key. hell even i was getting in too deep with the size of my positions about a month ago on here but i was always able to add funds if i really got into trouble of being margined out.
they way we're trading here you can easily make 5% of your account a week safely. and that number is modest, 10% is even doable. 20-40% increase in month compounded is awesome. but it does take some iron cahones to keep averaging tho, my 1 trade i was worried about i was down i think over 4's when my account was only 7g's
Posted:
#107
1iron ive sold out for a loss on several trades...it hasnt been that long ago i sold out for a hefty loss in an EU long but i made almost half of it back in a day in EU going the other way..i also only averaged in this trade once...its all about money management @ i knew at the time EU was dead and couldnt bring myself to average..she had a rally and once a certain price caved in again i bailed and set my sights for the next target below..
Pap was down large but had way too many lots in that trade..i think he had 10??[correct me if im wrong here Pap]...if you stick to an averaging plan its hard to get into trouble,this also depends on the pair youre in....we saw LB/JPY take 1000 pip drop in 24hrs just a few weeks ago..but Wall was in this for a good portion of the drop and came out with profits...it can be done we have the threads to prove it
Posted:
#124
Nooowww I know how GS wins each and every day...tell clients one thing, do the opposite!! from ZHedge...
Yesterday, we wrote: "Full blown capitulation from the Goldman FX (strategic not tactical) team: the firm goes from a $1.35 target on EURUSD to $1.15. Score one more golden star for Goldman-Client relations. On the other hand, Thomas Stolper is officially advising clients to sell their euros to Goldman. There is no clearer signal to buy the beaten down currency." This was at a EURUSD of 1.1950. Sure enough, just over 12 hours later, the EURUSD hit 1.2133 (and dragging the little computerized gimmick known as the stock market with it). Goldman's "prognostication" track record is starting to challenge that of the head seer Bernanke himself. At least doing the opposite of what Goldman advises its clients continues to yield a 100% win percentage.
Hot Forum Topics
