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Realities of Forex Investment
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tonicasert
#461 Posted : Thursday, November 20, 2008 10:21:00 PM
Rank: Member

Joined: 3/10/2008
Posts: 301
Location: Abu Dhabi
@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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kizee
#462 Posted : Thursday, November 20, 2008 11:38:00 PM
Rank: Member

Joined: 1/9/2008
Posts: 537
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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tonicasert
#463 Posted : Friday, November 21, 2008 5:20:00 AM
Rank: Member

Joined: 3/10/2008
Posts: 301
Location: Abu Dhabi
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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tonicasert
#464 Posted : Tuesday, November 25, 2008 3:38:00 PM
Rank: Member

Joined: 3/10/2008
Posts: 301
Location: Abu Dhabi
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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tonicasert
#465 Posted : Tuesday, November 25, 2008 4:08:00 PM
Rank: Member

Joined: 3/10/2008
Posts: 301
Location: Abu Dhabi
Profit booked. Still looking to buy on dips (on retracements) till exhausted at 1.5185 levels
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kagis
#466 Posted : Tuesday, November 25, 2008 10:04:00 PM
Rank: Member

Joined: 8/25/2008
Posts: 2
@ 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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NGAATU
#467 Posted : Tuesday, November 25, 2008 10:54:00 PM
Rank: Member

Joined: 5/6/2008
Posts: 107
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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tonicasert
#468 Posted : Wednesday, November 26, 2008 12:24:00 PM
Rank: Member

Joined: 3/10/2008
Posts: 301
Location: Abu Dhabi
@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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Passyson
#469 Posted : Wednesday, November 26, 2008 2:01:00 PM
Rank: Member

Joined: 8/8/2008
Posts: 97
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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tonicasert
#470 Posted : Wednesday, November 26, 2008 2:23:00 PM
Rank: Member

Joined: 3/10/2008
Posts: 301
Location: Abu Dhabi
hey Passyon! Long time!

Stopped out on the cable. Standing aside for now,watching out for a clearer direction
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