My first positions: AUD/USD: long @8980 with 2,000 units EUR/USD: long @1.36182 with 2,000 units USD/JPY: long @89.11 with 2,000 units I'm long Euro now because the weekly looks totally out of whack and we have some nice dojis there. I don't think ...

Let's make some money...

I guess you're right. I'm short Dollar again. Took some profits in my USD/JPY long and added an Aussie long at 8900,an Euro long at 1.3470 and a CAD long at 0500. Oh and a USD/NOK short at 6.

$5k to infinite

Platypus, don't get me wrong but I really start to like you. Anyway you're right and maybe we can keep in contact and discuss some trading stuff. Looks like I still have to learn a lot.

$5k to infinite

I'd like to add that I'm rather bullish on USD/JPY and AUD/USD.

$5k to infinite

I'm short in the EUR/USD now. In the chart below you see my trendlines, the thick ones are from the daily chart. I'll go long in the Euro again if we close(!) above 1.38. Fundamentally the Euro is under heavy pressure. Bad numbers plus the PIGS ...

$5k to infinite

Hi guys, sorry for my absence. Had some tough times to go through. To be honest, I got a margin call in this account just due to overleveraging it. Luckily this wasn't my main account but my high risk one where I used about 4-8 times the leverage I ...

$5k to infinite

Hey nanningbob, I just want to drop in and say hello and congratulate you to this great approach! I totally agree with your observations but still have a few questions about your recovery stuff: You wrote that you would use the recovery system to ...

Nanningbob 4H trading system

Well yes I got hurt (NAV is around $3,200). Will update my link soon. In the longer term I don't want to show my live accounts anymore. I underestimated the pressure coming along with posting live results - especially if they are bad like in ...

$5k to infinite

Sounds like a great idea.

The truth about trading

Euro Leads Most Currencies Lower Against US Dollar on Merkel Resignation Rumor I can't believe that someone believes this BS! That would never ever happen, I know that girl. Looks like there was some trader who had a big short in place and ...

EURUSD

Euro Leads Most Currencies Lower Against US Dollar on Merkel Resignation Rumor I can't believe that someone believes this BS! That would never ever happen, I know that girl. Looks like there was some trader who had a big short in place and ...

$5k to infinite

I use them rarely due to the fake breakouts in FX. It would be great if you could set a stop like "if the price closes(!) below the support at the daily, close the trade". As those orders are not possible, I do it manually.

successful trader without stop loss?

I agree platypus and welcome back! I still use way too much leverage in that account, I know...

$5k to infinite

Well, indeed. Using leverage beyond 10:1 is rather stupid and the number one killer for newbies.

Help To Stop 10:1 Leverage

What will happen? Pigs learn to fly. Just kidding of course...

what will happen if my account has $1M?

Thanks! But still in the need of improvements.

successful trader without stop loss?

First week is almost over and I made about 1%. Very nice so far. image

Carry Trading

That's simply BS, sorry. Those statements can only come from higher geared intraday traders. If you trade long term with low leverage (and 10:1 is NOT low leverage!) there is no need to use hard stops BUT of course you must have an exit strategy for ...

successful trader without stop loss?

Hi pax, I don't have such a spike in my live account. But yes, sometimes those spikes happen like at Oanda but you get always your money back.

$5k to infinite