View Single Post
  #898 (permalink)  
Old 06-22-2008, 01:57 PM
rrram2's Avatar
rrram2 rrram2 is offline
FX-Men Honorary Member
 

Join Date: Apr 2008
Location: Goochland VA
Posts: 1,627
Default Nice soft finish friday

Allowed me to get quite a few lots on the dip. THe low at about 3PM FRI
around 211.80 should hold as future support.

WE HAVE 7:01pm GBP Rightmove House Price Index m/m
this could make price move despite its normally not very motivating responses. But at times I have seen this report violently make price move.

I withdrew another $300 so my account balance is now 100% profits.
I am maxxed out at 4.99% margin.

I am holding only kiwi now to build my account balance ($692.67).
MY point is the principles at work here apply no matter what the amount risked, it does NOT matter if I am using $1 a pip, or $100 a pip, or as in this case .10 cents a pip (1K lots).
I am doing so many service calls lately that I really am not comfortable leaving my live account open unattended while I am gone for coutless hours.
That contributed to my previous fall on 3/17. AT least not at $1 a pip.
But now I have built my account from $40 and added incrementally
another $300, another $300, and a $260 to make $900 total. I have now withdrawn $900 so the $692.67 remaining is all profits, the HARD way at $0.10a pip. so that is about 7000 pips profit. So now there is no reason someone cannot start this from $300 or $900 over 1 month taking the $900 back out
over the next month and leaving about $700 in your account (all profit)
and starting over. SO this has proved the point that it can be done.

FXSOL is impressive in thier processing of withdrawl checks. I requested this last one friday. I expect to get the check by Wednesday based on thier previous prompt check processing and delivery.

Friday I wasn't here much at all and it looks like I made 2 pips at 10 cents each (laugh). But I guess that's better than losing some.

I am waiting for the market to open. I expect to buy more long if it dips lower. I am going to be collecting daily interest and doubling my used margin every 21 days.

With this low account balance I am going to stick with NJ for a cycle to build interest quicker and it is 1/2 as much and pays twice the interest.
It moves slower has a thinner range and follws GJ to the T pretty much.
I also think the Kiwi is currently stronger than the pound against yen,
and doesn't have any where near as much of an ability to sink like an anchor in 1000 pip deep lake.

I do not see a fall in the future. And by now I hope Todd has made a few pips back. From here I think we pretty much have to go up.
Obama is building strength and is almost has his shoe in the white house.
Obama will be good for the dollar. It is only a matter of time before those 251 levels are regained. As to where Obama is going to get the money I don't know. But I also don't know where he is getting the 300 Million of private donated funds for his presidential campaign.
Reply With Quote