Forex Day Trader's Thread

[RidderTrade]

oil did rise.. despite the euro " bakstoning " ..

actually.. this is again prove.. look at market seperately.. and make your mind somehwat more free.

 

[RidderTrade]

somehwat = somewhat..

oil 48.4x
euro/usd 13628.6

sounds bit healthier then 1.47 though.

 

[Pippy5000]

well .. now you live and learn not to jump in a trade in the middle of a range..

my stop is at 1.3665

1.3627 now ..

 

[Pippy5000]

Are you using microlots, minilots of full lots??

i.e. 1,000 or 10,000 or 100,000?

 

[WallStreetHero]

im using minilots,

10,000, took 25

 

[Pippy5000]

you mean you bailed out of the short for a loss of 25 pips??

 

[Pippy5000]

Ridder,

I know what you mean about the oil / Euro relationship.. With the huge rally in oil, Euro should have done the same .. but it didn't because the pressure is down, down, down.. That's why I wanted to get back in to the short at 1.363

take $4 or $5 off of the oil price and watch the Euro get murdered..

 

[WallStreetHero]

yes i closed it and lost around 400, only because i was tired and sleepy, still not a bad first day.

 

[N Rothschild]

your trading mini lots and you made 1k today? somin doesnt add up there!

 

[Pippy5000]

You must have had about 12 mini-lots on that trade ... amazing when I just told you earlier to be cautious since you are clearly spinning the wheel and saying black or red..

 

[N Rothschild]

surely 16? for a 400 loss on 25 pips?

 

[hwsteele]

Maybe he ment 25 mini lots?

 

[Pippy5000]

His account is at 400:1 .. it really sounds like something a rookie would do.. Put 250,000 GBP on a random coin-flip trade..

 

[Pippy5000]

he bailed out too early

spot 1.361 .. my trade survived by about 5 pips ..

 

[RidderTrade]

only 5 pip.. could have been worse.. pippy..

i wish you pleasant night..

 

[hwsteele]

400:1 wow that's the way my dad likes it.
I like 100:1 the best but that's just me. Lower might be better yet.

 

[Pippy5000]

go to bed man!! I'm going to put in a few more hours tonight

 

[Pippy5000]

I tried to teach my dad to trade Steele.. He's riding a 35% loss on his life's savings because his Merril Lynch guy completely blows.. I trade to tell him to bail out when the S&P was over 1000 and re-invest back when the S&P500 was at 780 or so but he missed the opportunity..

Which part of the Lone Star State are you in man??

I'm in Houston suburbs (The Woodlands)

 

[Pippy5000]

oh man .. suhaib is kicking himself now .. I just booked 40 pips profit on my Eur/USD short trade.. he would have made 15 pips rather than losing 400 pounds..

 

[Pippy5000]

ugh.. now I'm kicking myself too ..

spot 1.357

he would have made more than 400 pounds ..

I'm still selling rallies .. will look to get in again around 1.365