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 Forex | Version 8, Foreign Exchange Market Discussion

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forexjr
post Feb 17 2011, 03:24 PM

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QUOTE(luqmanz @ Feb 17 2011, 03:07 PM)
For simplicity .. you can try aiming for 1:2 ... if your TP is 40 pips ... then SL is 20 pips ...
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tq... i will try that. sometimes when your pip value is high it makes me feel i m wasting that value of money for stop loss which actually make me loose even more.. that i noticed.. vmad.gif
forexjr
post Feb 17 2011, 03:46 PM

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QUOTE(luqmanz @ Feb 17 2011, 03:26 PM)
For starter ... the value of your SL shouldnt be more than 1% of your account ...

E.g

SL = 20 pips
Pip value = 0.01 * account size / 20
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noted.. i will practice that
forexjr
post Feb 17 2011, 05:13 PM

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QUOTE(maxforce @ Feb 17 2011, 04:46 PM)
I do not follow the 1% rule.
I have a slightly varying idea of stops.
1. I do not set stop loss in the system. I execute the stop manually.
2. I do not have stops which is 20-30 pips as the way I view the fx market is that 20-30 pips is usually a mere "noise"

That said, perhaps it is because I am a position trader. I take a longer viewpoint with higher holding power, hence I must tolerate movements of sometimes a few hundred pips.
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that is what i do but sometimes the capital does not allow u to hold and i get frustrated...


Added on February 17, 2011, 5:14 pm
QUOTE(sabrateur @ Feb 17 2011, 04:58 PM)
EU just tested today's pivot. Going down again.. Will it hold?? Jeng jeng..


Added on February 17, 2011, 5:10 pmStrong battle at pivot for the retest..
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agreed i m hoping for it not to hold and just pass thru s1 and so on.... brows.gif

This post has been edited by forexjr: Feb 17 2011, 05:14 PM
forexjr
post Feb 17 2011, 05:30 PM

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QUOTE(sabrateur @ Feb 17 2011, 05:17 PM)
Haha you must be holding short on EU..
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i m and got stuck when it reverse... cis mad.gif
forexjr
post Feb 17 2011, 06:58 PM

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ha ha ha now its going side ways.....
forexjr
post Feb 17 2011, 10:00 PM

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QUOTE(shajack @ Feb 17 2011, 08:14 PM)
me too...usually look at balance,equity n available margin...tho i nvr seem to get my entry n exit spot on...cant maximise profit coz afraid of sudden reversal like one time GU gone reversal on me...hmpr2 tarik rambut,haha
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the thing is i still do not have the skill of spotting the best entry and exit point... hmm.gif
forexjr
post Feb 17 2011, 10:24 PM

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QUOTE(maxforce @ Feb 17 2011, 10:18 PM)
No worries. Skill will come once you ve spent enough time looking, analyzing and trading smile.gif
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he he he by that time capital also gone with the wind.... cry.gif
forexjr
post Feb 17 2011, 11:15 PM

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QUOTE(maxforce @ Feb 17 2011, 10:30 PM)
Dont put so much cry icon. Its not cute when you re a man tongue.gif


Added on February 17, 2011, 10:34 pmHmm, now to come to think of it, I do not know if you re a man or a girl tongue.gif
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yea..it makes me wonder also whether there is any female trader here...anyone??
forexjr
post Feb 19 2011, 07:59 PM

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QUOTE(kevler @ Feb 19 2011, 11:47 AM)
waiting for next week movement

kita lihat siapa yang kena :-)
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he he saya sudah kena kaw kaw... anyway what luqmanz and billy said is true.. wasting 20 - 30 pips is better than to loose the big some like what had happen to me for the third time and i promised my self not to do that again...
i do understand the feeling of loosing money especially for those have high value per pip but again.. i do not have that big holding power... hopefully next week i will be a better person and start making money..
forexjr
post Feb 21 2011, 03:19 PM

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i am back with less capital but new rules to myself.. hope i can stick to it... no emotion.. no emotion
forexjr
post Feb 22 2011, 11:50 AM

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QUOTE(gaTO @ Feb 22 2011, 10:50 AM)
Ya, bearish now..longing EU now..
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long???
forexjr
post Feb 22 2011, 03:07 PM

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QUOTE(shajack @ Feb 22 2011, 02:32 PM)
UJ short,NU short,EU short...tho last week's trade...all closed tis morning
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same here
forexjr
post Feb 22 2011, 03:42 PM

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QUOTE(AllnGap @ Feb 22 2011, 03:35 PM)
EU's long term trend is on the south side, you'll see triple tail on weekly chart.
the Friday's gain is totally due to news move, 160pips up.....so it should continue south this week.
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noticed and learning that. thank you... but emotion is killing so does my capital with the 160 up...
forexjr
post Feb 22 2011, 06:46 PM

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what had just happened to eu??? snowball down and snowball up????
forexjr
post Feb 22 2011, 08:58 PM

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QUOTE(maxforce @ Feb 22 2011, 08:00 PM)
The moment you ask "What happened?" then you re either a fundamentalist or a news trader.
But then, if you re using pivot as your main tool...
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to be honest ... i dont know what i am yet.. coz i used everything even pivot... your statement regards to pivot.. anything wrong with that?
forexjr
post Feb 24 2011, 07:45 PM

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oanda got mt4 now.. try to download but my computer says got virus..any idea the virus come from the file or from my computer.. i ve checked with oanda they said nobody complained about the virus yet.. any idea anybody?
forexjr
post Mar 7 2011, 04:14 PM

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QUOTE(shajack @ Mar 7 2011, 03:58 PM)
Dont give me that,hahahahahaha...almost 500pips
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ha ha ha ... join the club
forexjr
post Mar 7 2011, 05:49 PM

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QUOTE(kevler @ Mar 7 2011, 05:34 PM)
EU GU EJ GJ are on bullish move. Free signal from me ..haha

& UJ are still bearish on daily chart ..but need to be careful for any unexpected spike
i just started my trading on EJ this morning and added GJ trade an hour ago ..

I will observe the market
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tqqqqq smile.gif
forexjr
post Mar 9 2011, 12:31 PM

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sad... by the time i learn how to enter at the right point... run out of capital....
forexjr
post Mar 16 2011, 05:04 PM

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QUOTE(luqmanz @ Mar 16 2011, 03:15 PM)
It depends. Depends on the economics and supply and demand of JPY at that time ..
Try reading my blog to get some idea ....
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sifu.. when the candlestiks ranges in between pivot point line and midpoint line.. what normally you do.. always got trap there..hope you can advise .. tqqqq

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