To paraphrase the Bible: " Let he who has not blown cast the first stone."
Do you have any helpful hints?
Ichimoko says:âWhen you were an infant, I nurtured you. When you were a toddler, I assisted you. When you were able to walk by yourself, I was watchful. When you became a trader, I said " I hope that you remember all that you were taught.â
trav72, do not be upset when indicators or expert predictions do not go according to your trades.I went through that crap and learned to rely on my
parameters ( it took a heckuva lot of time and money).
I am thankful to Triple R, because his thread finally made me realize the importance to focus on ONE currency pair and study its nuances.
Letâs learn from others (that is my objective on this thread- and it has helped me). What are your thoughts Re: G/Y direction?
I saw some pictures in my local newspaper-re: the destruction resulting from hurricane âIKEâ.
And you stated that " you had lost some creature comforts". That is like saying that todayâs G/Y is a âdip in an uptrendâ. When you are ready to get back on track and make some money to offset your losses-give this site a call!
A previous post told you that we would attempt to make you money solvent.
on the daily ( 22-26 Sept.).
With NFP on Fri and the bloodlust yesterday; as well as a future US proposal for bailout in the works. I be thinking it might be a good time to sit on the sidelines.
On futures charts, the Yen has its emas going up; however, rsi is going down.
So I shall be putting my money in my mattress, until I see further direction.
Iâm ok, thanks for the concern.
I just bought a jcb backhoe, 40 ft dual tandem trailer, and a one ton dually. I could use some help putting all that stuff to work.
IBFX revised their swap rates and itâs nasty. I hope it doesnât last long. The vix is extremely high and the overnight lending rates are scary. Once that cools down, maybe the bailout will help, their rates may go back to normal.
well she is flatlining -------------------
hugging the daily CPP, i am looking for a ran up to 190âŚpretty please, i am already on the bus!..she has been driving me nowhere all dayâŚit is time to go home, i will get off at 190âŚi promise!
On the Daily: 187 seems a strong support level ( would like to see a D close below it in order to get a better feel for itâs continuing down move) Hey M2P can we use your new backhoe to dig a trench down to 184.50 ? (-I have 2 bottom feeders short there).:o
3,5,10 emaâs down as are BBs. STO 8 xâd below 40 (which is going up- which causes me to wonder if sheâll begin a retrace). On the 4H 10 ema has been the resistance point.Again, the 8 STO is down but the 40 is going up. To further unclarify, the 4H MACD is < H2O and @ the signal heading down.
On the W: emaâs down, STO 8/40 down - but $ @ lower BB (usually,warns of $ retrace, BUT $ could still close outside of band).
Senate meet re: bailout tonight, NFP Fri ( donât think it should surprise, but ???). Dang fundamonals.
Going to check futures charts to see if any clues there.GUT feel- continuing down ( so I ainât gonna do any more longs -have 4 from 190.60 -197.11). Theyâll eventually profit just donât know when).
M2P:truly glad to read of your purchases and that you and yours survived.
I didnât realize that we had so much in common. I have a 2002 chev venture ( that I re-leased) had an '89 30 ft trailer that the ex got (but I get to use when it needs propane or repairs) - and a shovel.:p;) If you get work, let me know-cuz, I got a shovel.
So i aint the only one stranded with some longs. My 4 are killing me $1500 drawdown. EquityâŚ$500⌠i have given up, just praying nowâŚprayingâŚgiven up on t of a and hopingâŚyes ho[ing the hordamentals will do somethingâŚfor meâŚ
Will this bailout send her back up if the finally give it the allclearâŚi would like to somehow close before the weekendâŚscared a gap down will wipe me outâŚagain:eek:âŚi think for now 184. is as low as i can goâŚif onlyâŚwhy!..why:?
Trav: are you able to do some mini scalping to build up your balance? Thatâs what I did when I was close to a margin call.
Check out the â3 ducks trading systemâ ( google it). It gives a good short-time frame peek at where $ is going and the 5min allows for 20-50 pips scalps.
Another tool I use (esp. during consolidation or range times) is the MACD ( standard settings 12,26,9) on the 1Hr chart. Never trade AGAINST the direction of MACD.( eg. if MACD less than its signal line and going DOWN - then only sell and vice-versa).
I have found both of these to help eliminate ( read âsecond guessâ myself) doubt as to where $ is going.
Today, netted about 500 pips. I prefer the 4H, D charts for the general trend.
Added $1756.33 to the account in this weekâs trades ( using minilots only). $167 of that was trading the Aud/US.:mad:
My objective for the past 5 years has been to find a source of income that will allow me to retire whenever and where-ever, I choose. AND most important, to teach my children ( in their teens) a system that will make them independent of the fundamonals ( read the economy)!
What I learned from finally posting to this thread is: I take the time to analyze the various time-frames and the indicators on them. I am then able to see the probability of certain trades going my way.(of course, the hordamentals may set me back temporarily).
In short, this thread has become my personal trading journal. I wish that I knew the importance of a journal 5 yrs ago ( ya know, what you saw and why you made the trade that you did). In my humble opinion,Triple Râs posts were brilliant. He gave me a focus on 1 currency pair! I learned to trust my judgment ( and accept full responsibilty for my trades).
Shall let you know my profit/loss next Friday.
I could use that backhoe! HEY!
Glad I didnt get an account there! Those swap rates are worse that FXCM!
I did grow my accont to like $1300, but those longs killed me as my shorts hit TPs and filled my account with pips, but I sold the shorts way to early and as usual FXSOL got me on some funny business and sold me out so I lost another several hundred.
I changed to fxpro.com which is mt4. Just got a 1mil demo account.
Last week I banked about 50K in guppy and some gold and silver.
And banked a thousand or more in swap, fxpro has not changed their swap rates.
I dont like mt4 but I guess I need to learn it.
I am going to be working on a bot. A guppy trading robot, it is going to take me some time.
I am very impressed with the fxpro trading platform. Hopefully I can open a new account there or go back to MB to learn their crazy trading platform.
Guppy got me twice now, SLWO I restarted with $150 and she got the rest of it pretty much. I should have bet the farm on those shorts eh? She had me thinking she was going up and had I been short from 197 and kept adding as she went down I would have wiped her out :). I knew she was going to do that. I dont know why I let anyone even make me reconsider her directon.
As usual my impateince got the best of me.
I am buying guppy in dips and only going long again from these levels.
I think this is the only safe way to trade guppy, she is at or near a bottom.
I am buying all the way down into 183.24.
I not familiar with Triple R but I do know that trading ONE currency pair gives all the opportunities one needs to make money.
Um? Er! Who posted just before you?
186.07 on the bid. still buying in the dips I think she can only go down so much further from here and there are going to be plenty of pips to be made scalping on bounces.
One short, simple message allowed me an âeurekaâ experience.
I had read the phrase: " Bulls make money, Bears make money:
BUT Hogs get slaughtered!"
Your response has reinforced my thinking to only focus on one pair and not trade emotionally.
5 pm est.
Just opened my fxsol trading platform.
2 of my short stops @ 186.88 and 186.44 from last Friday were opened.
I tried to close these trades @ 185.63 (121 and 81 pips profit on fxsolâs opening Sunday and I CANNOT). There is another symbol there that I HAVE NEVER SEEN ( I guess Iâll have to check their website for it)
I donât know about you guys; but I shall be buying KY-jelly for the deals the market-makers are offering me!
You were right Triple R when you spoke of funny things happening to your account wrt fxsolutions.
Forexmentor.com highly recommends them. I shall be emailing Peter Bains about my experiences with the market maker he recommends.:mad:
They allowed the close at 5:47 with profit of 97 pips.
FRIG, am I ever excited!!!AT THE 4:30 P.M. OPEN I COULD HAVE HAD 206
PIPS PROFIT(@.90/PIP=186.40).
Iâm using fxsol aswell. I have yet to have any problems with them. You and rrramâs posts worry me greatly
On the positive side, I was short over the weekend guppy, eur/jpy (no idea what this guys nick name is), and yuppie? (usd/jpy). Its party time 
As the fish dives into the ashes, be wary of her resurrection and flight back to Zeir Anpin.
no bit of buying in the dips has me deeper in than I am now even demo, I dont understand this run down overnight, but I have been focusing on things other than guppy.
GU worries me and I expect it to head down past 174. EU is getting killed as well. UJ got slaughtered too. What is the only thing worth anything is now YEn?
I changed my bias to long, she has some new lows posted, but despite the obvious thaT THE usd is going to hell, maybe that isnt so obvious too others.
You can clearly see that if you invested your money outside the US for the last 20 years you wouldnt now be poor because some lame governemnt continues to grow out of control like a cancerous tumor, sucking the life out of its citizens and enslaving them with its out of control debt.
My dad always said a mortgage was a good idea becase you get to pay it back with tomorrows dollars, which are going to be worth much less by then.
And you get the house now!
Like whimpy used to say or whatever his name was. I will gladly pay you Tuesday for a hamburger today! Popeye never bought food on credit and just kept eating his spinach.
I will gladly pay you for some pound tomrrow with some more YEn if you can just extend me some more credit!