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pt49 replied Nov 21, 2010Gold is dropping back, so should drag them back for you.
Trade What You See - Almost Naked Trading
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pt49 replied Nov 21, 2010If it does go south, it'll be about a thousand pipper.
Trade What You See - Almost Naked Trading
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pt49 replied Nov 21, 2010While there is a 3Tap here, that last arrow going down could take a while to appear, and by the time it does the pair will be trading near the bottom of the 15 month trading range, and a very strong support line.
Trade What You See - Almost Naked Trading
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pt49 replied Nov 21, 2010After 7 years of trading I prefer to trade off a daily chart, and once you do that for a while, 100 pips seems like a scalp trade. For instance last week I shorted the aud/usd with a 500 pip target. That trade has been over 150 pips in profit twice ...
Trade What You See - Almost Naked Trading
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pt49 replied Nov 21, 2010Ph22... you can overcome the fear factor by reducing your lot size... and in doing so hopefully allow your trades to run to their 80-150 pips. The other answer may be to take ½ your trade off the table at +20 pips, move your stop to break even or to ...
Trade What You See - Almost Naked Trading
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pt49 replied Nov 21, 2010Now my question is... Lawgirl says she has no losing trades (or very few)... so I wonder what stops she is using. I have traded live accounts without using stops and ultimately they all got in trouble at some point. The most I lost on a live account ...
Trade What You See - Almost Naked Trading
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pt49 replied Nov 21, 2010Nope... if it was a 10k account originally, at 1 mill it would be 75 lots, not 750.
Trade What You See - Almost Naked Trading
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pt49 replied Nov 20, 2010Agreed... its possible for a short while, or occassionaly, but in 7 years of trading I've yet to talk to anyone who has survived trading these numbers. Incidently I've done 10% a day at times, doubled live accounts in a few days, even ran an EA on a ...
Trade What You See - Almost Naked Trading
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pt49 replied Nov 20, 201010% a week as a target is way to ambitious... its outright gambling greed and impossible to attain. Starting with a $10,000 account and increasing 10% a week = 1.3 mill in 52 weeks... ain't gunna happen mate. Try a fixed number of pips per day or ...
Trade What You See - Almost Naked Trading
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pt49 replied Nov 20, 2010Reset your goal... aim higher. Try for 150 pips a week... or maybe 50 a day even.
Trade What You See - Almost Naked Trading
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pt49 replied Nov 19, 2010I called the short a few days ago, and added to my trade on the retrace back up to 9900. I am betting bigtime that the aussie is going south in the near term. Entry... short the aud/usd anywhere around 9800 - 9900 for a fall to around 9390 over the ...
AUD/USD
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pt49 replied Nov 18, 2010They have created a situation in the US just like Japan for the last 15 years... zero interest rates. This means they are boxed in, the US economy won't recover for at least 10 years, more likely a lot longer due committments to retiring baby ...
AUD/USD
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pt49 replied Nov 18, 2010I don't think it matters what you use a technical system on... it should work on pushbike spare parts just as well as on currency pairs in my opinion. You are just interpreting price action afterall.
Trade What You See - Almost Naked Trading
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pt49 replied Nov 18, 2010Just found this thread, I like your trading style Lawgirl. Anyone get in this one? Over 120 pips up.
Trade What You See - Almost Naked Trading
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pt49 replied Nov 18, 2010I still think a retest of 9388 will happen b4 the next big push higher.
AUD/USD
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pt49 replied Nov 18, 2010Well the ozzie has already retraced up 38% on the drop ofd the last 2 weeks
AUD/USD
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pt49 replied Nov 18, 201050% retracement... based on what? And on what time frame? a 50% retracement on the weekly would probably be a good 650 pips, while on the 15 min would be about 60 pips.
AUD/USD
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pt49 replied Nov 18, 2010I doubt it very much. I doubled up, going short again ... at 9893 Those railway tracks on the weekly chart are very strongly bearish.
AUD/USD