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mfoste1 replied Mar 24, 2010yea good time lots of pips....like i said in my previous post im targeting here before a small bounce, then ill add according to pa and stochs, but im thinking around 3440. I havent shorted au and aj yet, but i have orders set. Oil gold being dumped ...
The College Trader
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mfoste1 replied Mar 24, 2010br hold all euro pair shorts as much as you can.....euro is getting dumped. I added shorts last night went short gu also....in some nice profit now.
The College Trader
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mfoste1 replied Mar 23, 2010the lines are just my trendlines....The horizontal lines are strong areas of S&R that i derive from monthly, weekly and daily charts, I go back and look how price reacted at these levels. Everything is done freehand. The more lines, the better ...
The College Trader
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mfoste1 replied Mar 23, 2010this current 4h candle is sure lookin like a bear reversal....well see how it closes.
EURUSD
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mfoste1 replied Mar 23, 2010I closed out all positions.....starting new positions now. I opened up .75 lots short on e/u, these are the only current positions i have. Im looking to enter short a/u and g/u, but i need a better entry price. It may come later tonight in london ...
The College Trader
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mfoste1 replied Mar 23, 2010hey br, i put it in equities,( i cashed out all equities though yesterday), IRA, reinvest in forex, savings acct, pay for school, living expenses, spend the rest on travel and whatever i want. Since i cashed out all stocks and etfs, ive gotta bunch ...
The College Trader
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mfoste1 replied Mar 23, 2010Yes you do hope the rule comes into effect, otherwise why would you be arguing the 10:1 side? it doesnt make sense....the only thing im crying and whining about is the fact that the CFTC is trying to take away my right to control my own ...
Could 10:1 be the new leverage in US Forex?
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mfoste1 replied Mar 23, 2010get real pal.........for me to trade 1 standard lot at 10:1 would cost me over 10k! HMMMM so ur telling me that if i have a 12k balance and i trade 1 standard lot at $1600 when leverage is 100:1 i would be taking more risk than trading 1 standard ...
Could 10:1 be the new leverage in US Forex?
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mfoste1 replied Mar 22, 2010as i said in my post, im not saying there wont be any bounces, there will be....Theres a fine difference between trading against the trend, and trading WITH the trend when a new trend has started, that has been signaled by fundamental shifts....I ...
EURUSD
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mfoste1 replied Mar 22, 2010euro holding ok? I doubt the markets say that its holding ok.... its getting battered by a lot of currencies aud, cad, nzd, jpy, usd, gbp, chf, etc....Im not saying that it has a one way ticket to hell, but there may be bullish retracements and what ...
EURUSD
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mfoste1 replied Mar 22, 2010thanks br, yea go with fxcm or dukascopy....dukascopy is DEFINETLY the most transparent and reputable retail broker and they changed it now so you only need 1k to open retail account. As for my break im just trying to make money this week, since i ...
The College Trader
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mfoste1 replied Mar 22, 2010Here are my current trades. Im gonna hang on right now, no real direction yet just consolidating and stop running. Will make update later if i close or enter new trades.
The College Trader
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mfoste1 replied Mar 21, 2010Sounds quite interesting....do you know any other rare exotic metals like this that are physically traded? Im really trying to diversify my assets out of all equities i currently own. I think markets gonna struggle the rest of this year. Im looking ...
EURUSD
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mfoste1 replied Mar 21, 2010Hey guys, hope everyone had a good weekend and spring break.(my break is this week) Are you guys trading right now? Later tonight ill do an update of my current trades and my strategy for this week for everyone.
The College Trader