Wazua
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Realities of Forex Investment
Rank: Member Joined: 3/10/2008 Posts: 301 Location: Abu Dhabi
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@Ngaatu,
Pole to hear! My last evening also wasnt good,but I blame myself for getting greedy and moving my take profits,after seeing 30 pips profit each on 3 trades,which all ended up in 40 pips losses each. :(( Today busy didnt trade. Am on a break,its weekend need to catch some heinekens.
Have a nice one all!
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Rank: Member Joined: 1/9/2008 Posts: 537
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tony
hows ur trading goin? are u makin enuf chumes ama its a hobby? i thnk its time i opend an account myself
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Rank: Member Joined: 3/10/2008 Posts: 301 Location: Abu Dhabi
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Hi Kizee,
I have a fulltime job,so I do this as a side thing. Am hoping to start trading fulltime in 3 or so years time,or probably continue doing it as a side thing since my job entails the same stuff and hence equally enjoy it (and get paid...). So far so good,targeting a minimum of 10% on my opening capital per month.
First practice with a demo a/c till YOU (dont look at how other's are doing) are comfortable and you have a trading strategy. Then you can open the real a/c.
Have a nice one!
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Rank: Member Joined: 3/10/2008 Posts: 301 Location: Abu Dhabi
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Hi all,
Mmenyamaza sana! Hope the trades have been good. Had taken a break.
Long cable at 1.5095,TP 1.5135,SL 1.5054.
GL and GT
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Rank: Member Joined: 3/10/2008 Posts: 301 Location: Abu Dhabi
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Profit booked. Still looking to buy on dips (on retracements) till exhausted at 1.5185 levels
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Rank: Member Joined: 8/25/2008 Posts: 2
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@ toni
I was able to follow your figures on cable and came out with some profit! However I noticed your stop loss margin was not different with target profit. Don't you think there should be some difference in order to protect your account or better still to maximise on the profit? Will appreciate your reply as very new n still learning this system
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Rank: Member Joined: 5/6/2008 Posts: 107
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hi @all
Kweli tumenyamaza sana. @toni i think the cable has been perfoming well too.I have been concentrating on the Yen and Euro again for the last one week,and at least it has directions and their retracements are being closely seen from far.The yen has been my comforter cause the market nowadys takes time before a direction is drawn.
Been pipping between a range of 25- 45 pips taking on multiple position about 3 0r 4 on the same direction and it has at least given me a way( though am not fond of scalping).
The NY session has been very good today,still took a position with the EUR/USD which went over 200 pips up by i had only scalped at 25 pips and added only 15pips!!! Sad Sad it went to the moons,but thats how the market is.
@passyson,@kilabe you are very quite.Howz the direction of comdolls i have missed them for almost two weeks now.
@NGAATU
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Rank: Member Joined: 3/10/2008 Posts: 301 Location: Abu Dhabi
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@Kagis,
Good to hear you made something. Unfortunately am not able to post all my trades due to time constraints,but will strive to post more. As for Stop Loss,I am an intraday trader,so am comfortable with a SL of 35-45 pips. However this may be skewed abit in case it just falls on the support / resistance line,whereby i may increase by a few pips. But I try not to go beyond 45 pips. For take profit,I always try minimum 30 pips. But if a trend is strong,I may have a higher take profit of 50-60 pips,and in rare occassions,100 pips. But the stop loss is still the same (35-45 pips). With this SL,I trade 8.5 times of my capital at any given time. This is to try and preserve capital (arrived at 8.5 from some calculations,thanks to kina Ngaatu).
@Ngaatu,
Hi bro! Yesterday seems the USD really got a hit! Missed the afternoon action,just had 2 morning trades. Am still favouring buying on dips.
Long at 1.5358,SL 1.5314,TP 1.5400.
GL and GT to y'all!
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Rank: Member Joined: 8/8/2008 Posts: 97
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Hi all...hope you have been well...i have.
@Ngaatu...pole bwana...been doing other things and i have not been trading since last week....anyway am back and today i will be closely watching the nzd/usd,aud/usd and eur/usd....
Have a profitable day.
GB.
PS/...short AUD/USD @ 0.64612 with T/P set @ .64312....30 pips
Anyone who lives within their means suffers from a lack of imagination
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Rank: Member Joined: 3/10/2008 Posts: 301 Location: Abu Dhabi
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hey Passyon! Long time!
Stopped out on the cable. Standing aside for now,watching out for a clearer direction
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Rank: Member Joined: 8/8/2008 Posts: 97
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Hey Tonicasert...been a little busy...am back in the fray now...
Hope you are good though.
GD.
Anyone who lives within their means suffers from a lack of imagination
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Rank: Member Joined: 5/6/2008 Posts: 107
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Welcome passyson ulikuwa umelost sana. Been looking at the comdolls and have been testing there impact,hata jana i had about 20 pips with the Kiwi/Dollar.
@tony.Sure bro,i think now it is looking for manageable pips of around 20- 50.
I woke up to look at the EUR but the signals(EMA,SMA) and the german data has not spiked the market that much. I am trying to go short with the cable looking for around 25 pips only with good lot,i suppose i will set my SL a little bit far,pending the GDP data from UK at around 12.30 kenyan time. Price:1.53806 TP 1.53781.
@NGAATU
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Rank: Member Joined: 3/10/2008 Posts: 301 Location: Abu Dhabi
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Hi guys,
Just read somewhere that GBPUSD closely follows the MSCI World Index. Anyone with these details. New case study for me.
Today went short cable and MSCI Index is also tumbling.
All the best
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Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA
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Rank: Hello Joined: 9/28/2010 Posts: 1
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Passyson wrote:sorry guys...posted a EUR/USD short @ 1.27498 after the ZEW reading...can't see it...anyway am short and targeting a NY session profit of at least 60pips...laters...am out now
Anyone who lives within their means suffers from a lack of imagination
I also think so. __________________ Watch Let Me In Online Free
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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wow where did mr.Alala n Ngaatu go we need u guys. after 2yrs wht's in store for us in the forex market. @merchant hwz forex for you so far? Discipline & sticking to your strategy even when you loosing defines great traders.
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Rank: Member Joined: 5/27/2010 Posts: 324 Location: nrb
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there is something seriously at stake/amiss when your bank is ready to give you a loan 400X, even though he also has, in fact a better, access to use the amount to do the business.
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Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA
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alikujia wrote:there is something seriously at stake/amiss when your bank is ready to give you a loan 400X, even though he also has, in fact a better, access to use the amount to do the business. Not really. They are in the business of lending. Trading is a small fraction of what they can do. if I had all that capital I would do the same and make a neat profit. No need to trade. 
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Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA
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fxtech wrote:wow where did mr.Alala n Ngaatu go we need u guys. after 2yrs wht's in store for us in the forex market. @merchant hwz forex for you so far? Forex is okay. Did you practice enough?
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Rank: Member Joined: 5/27/2010 Posts: 324 Location: nrb
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The Merchant wrote:alikujia wrote:there is something seriously at stake/amiss when your bank is ready to give you a loan 400X, even though he also has, in fact a better, access to use the amount to do the business. Not really. They are in the business of lending. Trading is a small fraction of what they can do. if I had all that capital I would do the same and make a neat profit. No need to trade. A quick one to you @merchant, how long have you been in fxtrading. sorry, it maybe contained somewhere in the long thread - but tell me please.
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Realities of Forex Investment
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