*Official* Forex Trading thread.

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Knight_Rider

Knight_Rider

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No I dun flip a coin when I trade
Yes I do trade standard lot
No my account won't burst as predicted by some
Cleared all my stuck trades (martingale non-martingale) with some profits as usual

ry%3D400
 
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meltan1990

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Mr.Canberra said:
My unrealised gains today is 125 pips (S$125) in total for 2x Agor Cast Bar 100 GM. Hug physical gold bars to sleep. 高枕无忧. :s13:

Spot gold rate just spiked to intraday day high US$1167.28/Oz! :eek:

Old people's words really correct. Have gold in pocket = 保险. :D
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haha i also bought physical 1kg silver bar to keep

i believe next time price will recover back
 
Mr.Canberra

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meltan1990 said:
haha i also bought physical 1kg silver bar to keep

i believe next time price will recover back
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Haha bro awful999 is also a proud owner of silver "iPhone" same as you! :s13:

FOMC Minutes releasing at 3:00am SGT in a short while. Hope to close some stucked positions. :s22:
 
Mecisteus

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Knight_Rider said:
No I dun flip a coin when I trade
Yes I do trade standard lot
No my account won't burst as predicted by some
Cleared all my stuck trades (martingale non-martingale) with some profits as usual

ry%3D400
Click to expand...

I know I sound anal to you before and some of the others here.

Your profits/losses are in terms of like what?! A few dollars only?

Try opening bigger positions and see if you can afford to go around naked.

I think someone mentioned about the importance of stop losses in the few pages back. I agree with him if I were to trade forex.

PS: My account moves in those denominations in milliseconds. But I don't trade forex. For stocks, I dare to trade/invest without stop losses.
 
Knight_Rider

Knight_Rider

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MikeDirnt78 said:
I know I sound anal to you before and some of the others here.

Your profits/losses are in terms of like what?! A few dollars only?

Try opening bigger positions and see if you can afford to go around naked.

I think someone mentioned about the importance of stop losses in the few pages back. I agree with him if I were to trade forex.

PS: My account moves in those denominations in milliseconds. But I don't trade forex. For stocks, I dare to trade/invest without stop losses.
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The point here isn't really about profits. It's about getting out of a stuck situation without incurring losses. Bigger positions is in my bigger account. Everybody talk big but will they show? I doubt so. Me either.

You should sound anal to those NPNT why me? Especially those who guess/flip coin midnight reversal and London session pushing up price. Must go count how many times wrong to gauge if account burst already. I also can say Wah I hoot 20 lots. Talk is cheap but what for? To prove that you are a guru? Nah I dun guess wrongly 10 times in a row............
 
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awful999

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Gold shoot up to 1172 now ...
Simsci on fire too 325.8
 
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Mecisteus

Mecisteus

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Knight_Rider said:
The point here isn't really about profits. It's about getting out of a stuck situation without incurring losses.
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Yes. It is related to the size of your profits. Your profits/losses are related to the size of your trade. Once your trade size goes up, your potential daily profits/losses go up. It will definitely be much more difficult to repair your losses if you don't have a stop loss and once the $$$ becomes bigger.

Just like a double up strategy in casino.

Assuming you start off with a $1 base on the 1st round bet. You double up your bet if every time you lose. You can afford to lose 10 times in a row. If you bet $512 and win on the 11th round, you are able to recoup all your previous losses.

Try double up with a $5 base bet.
 
Knight_Rider

Knight_Rider

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MikeDirnt78 said:
Yes. It is related to the size of your profits. Your profits/losses are related to the size of your trade. Once your trade size goes up, your potential daily profits/losses go up. It will definitely be much more difficult to repair your losses if you don't have a stop loss and once the $$$ becomes bigger.

Just like a double up strategy in casino.

Assuming you start off with a $1 base on the 1st round bet. You double up your bet if every time you lose. You can afford to lose 10 times in a row. If you bet $512 and win on the 11th round, you are able to recoup all your previous losses.

Try double up with a $5 base bet.
Click to expand...

0.01 lot per $500 account. If you trading 1 lot that's $50000 to prevent daily cardio excercise.
The method you describe is how a martingale algo works. I know and I repair before because the robot lose 10 times. Your account is not large enough for the 11th trade and retracement that's why burst. That was discussed long ago with Alex. I am not gonna go into that. Just top up and I'll offer my service. Min 2 months work to salvage your account. Looks like nobody is keen and we shall not discuss further.
 
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