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Yuchen replied Aug 23, 2011i dont want to be mean but based on the way how you trade, they might will hit 1.4150 after you got margin call and they closed all your orders since you opened too heavy lots to short them, like add 1 lot after every 20-30 pips high....
EURUSD
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Yuchen replied Aug 22, 2011try to play 0.01 lot if it is possible, or play with the smallest lots that your broker allow you to open for your trade.
EURUSD
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Yuchen replied Aug 22, 2011so unlucky. it happens to me a lot of times, got some good profits then moved s/l to my entry price, then it back to took my s/l and then keep moving to the way i was trading.....
EURUSD
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Yuchen replied Aug 22, 2011I am using ONADA now and they are very good in my opinion. Especailly you are new to forex trading and ONADA probably will just offer you 1:10 leverage so it will be very hard for you to get margin call (Which usually happend for the new traders) ...
EURUSD
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Yuchen replied Aug 22, 20113 possibilities: 1. He plays demo 2. He has super large account like 1,000,000 dollars 3. He always get margin calls and closed some of his shorts when the price went down to 1.43XX otherwise this strategy will casue him lost all his money ...
EURUSD
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Yuchen replied Aug 21, 2011Yeah i think so. if 100K is the maximum amount the bank would allow chinese citizen to exchange per year. Why you want to know that?
EURUSD
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Yuchen replied Aug 21, 2011I think the maximum amount of the foreign currency you could exchange from Chinese yuan in China annually is probably the equivalence of 50K or 100K USD, could not remember.
EURUSD
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Yuchen replied Aug 21, 2011do you have inside information or just take your personal prediction? at least, how can you predict the price as well as the exact time that EU reach to that price?
EURUSD
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Yuchen replied Aug 21, 2011Ya, you are right. If they made intervention people would just long on that and then earn 200-300 pips easily then they would close their profits. Some people might will continue to short it after they took their long profit and then UJ will back to ...
EURUSD
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Yuchen replied Aug 21, 2011He actually means BOJ might will take intervention at 9, which is just after 1 min
EURUSD
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Yuchen replied Aug 19, 2011Too greedy is not good — I had a 0.1 lot 1.4460 and a 0.1 lot 1.4440 short two days ago and it went down to 1.4280 yesterday, i was thinkging about to close both of them to get good profits. but then i closed the 1.4440 order to get 160 ...
EURUSD
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Yuchen replied Aug 18, 2011What? 1.46 ??? or do you mean 1.64. By the way, i just closed my second short, too. the first one lost 20 dollars and the second lost 10 dollars. Now i realized the importance to set up a tight stop if you want to trade before some significant ...
Cable Update (GBPUSD)
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Yuchen replied Aug 18, 2011Thanks, i closed 0.1 lot. The price might break 6470 and keep going down but i think i'd better reduce the risk
Cable Update (GBPUSD)
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Yuchen replied Aug 18, 2011Thank you. I will wait and see what will happen in the next couple hours. It seems one hour chart starts to bearish.
Cable Update (GBPUSD)