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Realities of Forex Investment
tonicasert
#441 Posted : Wednesday, November 12, 2008 8:18:00 PM
Rank: Member


Joined: 3/10/2008
Posts: 301
Location: Abu Dhabi
Went short with cable at 1.5350,but stop f 40 pips taken.... then the market comes crashing. Those moments you wish you didnt have a stop loss. But again,no! Not putting stop losses has made more losses than protecting the apparent gains.

Looking to short again at current levels above 5.3000 for some 50 or so pips.

On other topics... I guess one has a freedom to read or ignore posts. But dont want to be dragged into all these.
tonicasert
#442 Posted : Wednesday, November 12, 2008 8:25:00 PM
Rank: Member


Joined: 3/10/2008
Posts: 301
Location: Abu Dhabi
Just shorted GBPUSD at 1.5335,targeting 1.5260 TP andd SL at 1.5390.

GL and GT to y'all.
kilabe
#443 Posted : Wednesday, November 12, 2008 8:41:00 PM
Rank: Member


Joined: 7/18/2008
Posts: 53
Taken the few pips on going short with the cable. I think the problem of the spreads its across the divide.Am also feeling it with my broker but still manageable.

HARD WORK,HARD WORK HARD WORK
kilabe
#444 Posted : Wednesday, November 12, 2008 8:43:00 PM
Rank: Member


Joined: 7/18/2008
Posts: 53
I think i am going to get out of the trading day till tommorow.

HARD WORK,HARD WORK HARD WORK
NGAATU
#445 Posted : Wednesday, November 12, 2008 8:51:00 PM
Rank: Member


Joined: 5/6/2008
Posts: 107
@toni yeah sometimes you do wish you dont have the SL cause you would have reaped but thats how we need to vumilia. I got my take from the GBP/USD the spreads acted funny,decreasing your margins but not that much.

@passyson regarding the pairs of GBP/USD EUR/USD and the comdolls pairing; Thanks for the great tip,i will look into them during this session and look into their behaviour in other market session.


@NGAATU
tonicasert
#446 Posted : Wednesday, November 12, 2008 9:09:00 PM
Rank: Member


Joined: 3/10/2008
Posts: 301
Location: Abu Dhabi
Booked profit of 75 pips on the short. Looking to short further on upticks.

BoE's King currently talking... Says another rate cut imminent and UK is probably in recession. Bad news for the pound! Ultimately it may head to the big support of 1.4000 in the next few weeks.
cckip
#447 Posted : Wednesday, November 12, 2008 10:21:00 PM
Rank: Member


Joined: 8/11/2008
Posts: 11
Hallow my fellow traders,thanks alot for your free signals,i am catching up,my real problem is i am still cutting my profits early,the good news i am making decent profit each week.ok i have a problem,been planning a long vacation to kenya,i know i ask this question before,but i want to be real sure,i did some reaserch online and found that its real hard to trade forex with slow internet,i have no idea how the kenyan connection is at the moment,do you guys in kenya have any problems at all,i read on the news that the state was working on fibre optic,but i do not know their progress.Thanks guys


The most risk in life is taking no risk at all
Passyson
#448 Posted : Monday, November 17, 2008 5:34:00 PM
Rank: Member


Joined: 8/8/2008
Posts: 97
Afternoon all...

Short USD/CAD with a 40 pips T/P....

Hope most of you notice the correlation between USD/CAD and AUD/USD...

Great week all.

Anyone who lives within their means suffers from a lack of imagination
NGAATU
#449 Posted : Tuesday, November 18, 2008 2:41:00 PM
Rank: Member


Joined: 5/6/2008
Posts: 107
Morning @all
passyson,kilabe,toni et al. I have been off for some days,was having some things to sort them out. @passyson yes i got the correlation of the USD/CAD AUD/USD not that bad and am looking into them closely.Howz your market day today.

@NGAATU
jeffsmith
#450 Posted : Tuesday, November 18, 2008 3:53:00 PM
Rank: Member


Joined: 10/30/2008
Posts: 5
Hello Friends,

What to say about the reality of forex market. Now this market has come so down that don't have any thing to say. But i can only say that trading your strategy is the only key to success in this market.
NGAATU
#451 Posted : Tuesday, November 18, 2008 4:49:00 PM
Rank: Member


Joined: 5/6/2008
Posts: 107
@jeffsmith

Please i do respect your views and concerns,but i think if we are all mature and also give space for others with their invesments options to explore and discuss i think it could be prudent if you stop popping the forex discussion in everythread you come across and giving the repetitive information.If you are a trader please can you stick to one post or have your own post individual rather than looking on the many posts.You are making others angry and making it monotonuos and hence it would discredit people here who are trying to help and make them as if they are busybodies so i wish you would also respect other traders too. If you are working for AVAFX or another firm please i dont think its good to &quot;market&quot; in that way be respectful and we shall give you the same respect as traders.

We are here to help one another.

@cckip I think the internet connections vary depending on what you are interested(broadband or mobile) but you can get very stable internet connections too.

@passyson looking to short the GBP/USD,whats your take?


@NGAATU
tonicasert
#452 Posted : Tuesday, November 18, 2008 11:05:00 PM
Rank: Member


Joined: 3/10/2008
Posts: 301
Location: Abu Dhabi
Hi guys!

Hope you are all having nice trades. Signals have been quite mixed,so been pip-raiding whenever i get a chance.
kilabe
#453 Posted : Wednesday, November 19, 2008 5:27:00 PM
Rank: Member


Joined: 7/18/2008
Posts: 53
Afternoon...

Looking at the market is really quite mixxed no particular direction,the signals from the London session are still,mixed.I will be still waiting for my signals at the BOE minutes i think then it would usher the London session,but will be looking to raid some few pips in NY session which i think has a lot of data.

@toni @passyson @ngaatu where are hunting your pips?


HARD WORK,HARD WORK HARD WORK
NGAATU
#454 Posted : Wednesday, November 19, 2008 5:49:00 PM
Rank: Member


Joined: 5/6/2008
Posts: 107
@kilabe

The market is quite mixed and i am looking to get into the pre-NY session and Ny session to hunt for around 30 pips.Am expecting the greenbuck to have a negative impact with the data to be released still the signals are mixed.Currently monitoring the market and looking at options.


@NGAATU
NGAATU
#455 Posted : Wednesday, November 19, 2008 6:19:00 PM
Rank: Member


Joined: 5/6/2008
Posts: 107
Got the London session and have currently hit my SL at 30 pips shorting the GBP/USD.Going out waiting for the Ny session

@NGAATU
tonicasert
#456 Posted : Wednesday, November 19, 2008 8:51:00 PM
Rank: Member


Joined: 3/10/2008
Posts: 301
Location: Abu Dhabi
@kilabe,Ngaatu

Am pip-raiding my favourite - GBPUSD. Using the 5 and 1 min charts to get the extreme ends of the oscillators and booking some 20-40 pips per trade. Really hard to give a clear direction in these conditions.

All the best y'all!
cckip
#457 Posted : Wednesday, November 19, 2008 11:24:00 PM
Rank: Member


Joined: 8/11/2008
Posts: 11
Thanks Ngaatu,i am looking for broadband for my labtop and desktop,been looking online and i check access kenya website,africaonline,but i am still confused whic one is fine.Thanks for your help

The most risk in life is taking no risk at all
tonicasert
#458 Posted : Thursday, November 20, 2008 12:34:00 AM
Rank: Member


Joined: 3/10/2008
Posts: 301
Location: Abu Dhabi
@cckip

The internet connections in Kenya are not that bad as they used to be sometime ago. So the best thing would be to be on the ground.
cckip
#459 Posted : Thursday, November 20, 2008 3:20:00 AM
Rank: Member


Joined: 8/11/2008
Posts: 11
Thanks tonicasert,will try to be on the ground soon

The most risk in life is taking no risk at all
NGAATU
#460 Posted : Thursday, November 20, 2008 2:05:00 PM
Rank: Member


Joined: 5/6/2008
Posts: 107
Morning @all
Jana my day was terrible my SL from my broker slided and i had two accounts and i lost around -$900 but i am hoping for a better market today.How are your market sentiments?
Been pipping from morning and i think the dollar is looking bulish from my signals and fundamentals.

@NGAATU
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