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shellsnail replied Nov 13, 2014Trading without a SL No such thing. Your SL is the margin call if you don't set one... But it's not entirely bad... you can flip many small accounts 10x if you are skilled by betting huge with leverage and trying to accumulate many lots into a large ...
Trading Theory and Practice
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Trading Theory and Practice
Started Nov 13, 2014|Trading Discussion|2 replies
Want to use this thread to discuss very general trading ideas and see what we can learn from ...
- shellsnail replied Nov 13, 2014
Can't believe this thread is still alive LOL. Anyway entry is about reducing the risk and uncertainty.. Ideally you want the market to move in your favour immediately after you enter... i.e. capturing the moment with the optimum risk (variance) and ...
Trading Without a StopLoss
- shellsnail replied Nov 13, 2014
0.9 is inevitable if trend turns here... in fact, it's conservative. I would be looking at parity.. (only if USD doesn't strengthen further...) If GBP trend is turning down... then GBP/AUD short could become trade of the year (next year).. but ...
AUD/USD
- shellsnail replied Nov 13, 2014
[quote=jamesph61;7867562] Just when I was wondering what's going to cause a spike so that buyers can reload... no news around the corner... so that solves it.
AUD/USD
- shellsnail commented Nov 12, 2014
CNBC is the new contrarian indicator lol... Still remember New years, they ran an article saying to do the yen carry trade over to the new year... yen started falling the very next day and did a major correction lol.
Here's why gold could be headed to $800
- shellsnail replied Nov 12, 2014
Price cannot be predicted is a myth. You might not be able to predict very far into the future, but you can plausibly predict the next few ticks and be profitable. You just need to find the right information set that allows you to predict it. There ...
What are your favorite trading myths?
- shellsnail replied Nov 12, 2014
i don't mean moving more or more pips... simply talking about trend. usd is in an uptrend... now aud is turning up, why would you pair it with usd?? unless you're trying to do some sort of hedge/ risk management
AUD/USD
- shellsnail replied Nov 12, 2014
aud/usd wrong pair to trade... usd strength. gbp/aud or aud/jpy way better.. aud/jpy just cracked 100.
AUD/USD
- shellsnail commented Nov 12, 2014
it's more like price was screaming down for a long time, news gave you a second chance for good entry if you missed the train earlier...
Bank of England Inflation Report November 2014
- shellsnail commented Nov 12, 2014
Gonna take some drastic news to prevent this from dropping like a stone. was talking about gbp/aud and other crosses... usd is unclear.
UK Labour Market, November 2014
- shellsnail commented Nov 12, 2014
Spike up to test resistance... major breakdown coming! either that or rocket up to the moon.
UK Labour Market, November 2014
- shellsnail commented Nov 12, 2014
you guys miss the point.. wages rose more than expected... i.e. interest rate increase in near..
UK Labour Market, November 2014
- shellsnail commented Nov 10, 2014
Actually they would because they know you wouldn't believe them anyway.
Banks can be wrong too.EUR/USD Set To Correct, Bears Beware - BofA, Nomura
- shellsnail commented Nov 10, 2014
deja vu I swear they posted the same thing in June
EUR/USD Set To Correct, Bears Beware - BofA, Nomura
- shellsnail replied Nov 10, 2014
In the grand scheme of things, they probably are... if not now, really soon. reasons: China, India, Gold, interest rate differential
AUD/USD
- shellsnail replied Nov 10, 2014
If you look at GBP/AUD I think there's one more bearish wave for AUD to come... but we will see.
AUD/USD