Buy trade @ 1522.48 with pending orders @ lower level
Ronnie Renko
"AUSSI" my thread and anything I want to put here
- #841
- Sep 2, 2019 10:18pm Sep 2, 2019 10:18pm
- Joined Jul 2013 | Status: Trader | 5,460 Posts
Ronnie Renko
- #842
- Sep 2, 2019 11:35pm Sep 2, 2019 11:35pm
- Joined Jul 2013 | Status: Trader | 5,460 Posts
Ronnie Renko
- #844
- Edited Sep 3, 2019 4:03am Sep 2, 2019 11:42pm | Edited Sep 3, 2019 4:03am
- Joined Sep 2013 | Status: Trader | 25,137 Posts
Nice spike on AUD thanks to RBA....Closed buy trades so a few shillings in my pocket
people leave, but this thread will go on for ever
- #845
- Sep 2, 2019 11:50pm Sep 2, 2019 11:50pm
- Joined Jul 2013 | Status: Trader | 5,460 Posts
Ronnie Renko
- #846
- Sep 3, 2019 2:49am Sep 3, 2019 2:49am
- Joined Aug 2018 | Status: Trader | 2,611 Posts
For you US guys who can't hedge with same broker, why not just have a second broker? I'm not convinced by hedging myself, if the trade is going against you why stick with it? Like Aussi says "dont get caught on the wrong side of a trade" ...... Good luck this week to all.....sunny in beautiful 'spacious' France!
Only an idiot knows with certainty to where the market is going.
- #847
- Sep 3, 2019 3:39am Sep 3, 2019 3:39am
- Joined Sep 2013 | Status: Trader | 25,137 Posts
people leave, but this thread will go on for ever
- #848
- Sep 3, 2019 4:20am Sep 3, 2019 4:20am
{quote} Bonjour! Well, to answer your question, first, to have second broker requires another fund. 2nd, your not convinced in hedging? You can use that in scalping. Sometimes when your day trade are loosing, you can still be profitable by using bigger lots in scalping going and against your trade. 3rd, why stick with it when it's against you? If you close it, you automatically loose. If you wait, you may recover and still win. Nobody is sure. Just like, if you are sure it wont go your way, why not trade the opposite way? But this are just my style....
.....you can't win them all...ok maybe a few players manage to win most but it's because they have large bank accounts and use the stats to wait for a 'reversal'I see you like Nostradamus, I don't think he could predict the future, nobody can BUT we can use 'high probability' in our favour
Good luck to you too, God bless America!
You adapt, evolve, compete or die..losers average losers
- #849
- Edited 5:03am Sep 3, 2019 4:29am | Edited 5:03am
- Joined Sep 2013 | Status: Trader | 25,137 Posts
{quote} It's ok to lose
i would like to know from traders this question
now yes i have large account i am now after to day holing 7 trades all gold sells all are positive swaps reason for holding i believe when all the sht around the world calms down it will fall i am hold some try and zar positive swaps again holding longer term i did get rid of 3 today
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- #850
- Sep 3, 2019 4:59am Sep 3, 2019 4:59am
{quote} my question is when do you cut a trade thats losing how long do you wait
ie in my SIPP I can tolerate losing shares for months, maybe years as I don't need the money for a long time....but actually I'm starting to think you should cut them losers at 10% down regardless...
trading with these cowboys in the bucket shops I'm more inclined to cut my losers after 5 minutes or less but you need to watch the 1 min/5 min chart for that
Wise man told me a long time ago.....cut your losers, run your winners....
You adapt, evolve, compete or die..losers average losers
- #851
- Sep 3, 2019 5:08am Sep 3, 2019 5:08am
- Joined Sep 2013 | Status: Trader | 25,137 Posts
{quote} I guess that's down to your experience, ability to withstand drawdown, what sort of account you're trading etc ie in my SIPP I can tolerate losing shares for months, maybe years as I don't need the money for a long time....but actually I'm starting to think you should cut them losers at 10% down regardless... trading with these cowboys in the bucket shops I'm more inclined to cut my losers after 5 minutes or less but you need to watch the 1 min/5 min chart for that
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- #852
- Sep 3, 2019 5:19am Sep 3, 2019 5:19am
- Joined Dec 2018 | Status: Trader | 2,111 Posts
{quote} dont agree with the wise man hes a broker , 5mins do you believe thats enough and after you have got rid of them how many did close with profit
- #853
- Sep 3, 2019 5:26am Sep 3, 2019 5:26am
- Joined Sep 2013 | Status: Trader | 25,137 Posts
{quote} Im about 10/15 pips eur and 30 to 50 gold.....the difference down to volatility and chance of target being hit. I also dont have a large account so minimising dd and losses is key for me!
all should protect there account , your money that you start with is hard earned its all about the money people leave, but this thread will go on for ever
- #855
- Sep 3, 2019 6:30am Sep 3, 2019 6:30am
{quote} my question is when do you cut a trade thats losing how long do you wait i would like to know from traders this question now yes i have large account i am now after to day holing 7 trades all gold sells all are positive swaps reason for holding i believe when all the sht around the world calms down it will fall i am hold some try and zar positive swaps again holding longer term i did get rid of 3 today
Gold fascinating stuff, rumour is that the bankers have been holding the value down deliberately for a very long time now, what happens if this is a 'sea change' and what we're about to experience is the new GOLD BULL!!!??? Central bankers globally are in trouble, particularly the ECB and Trump appears to have taken a disliking to Powell all of a sudden..
Bring back the Gold standard!
You adapt, evolve, compete or die..losers average losers
- #856
- Sep 3, 2019 6:31am Sep 3, 2019 6:31am
- Joined Sep 2013 | Status: Trader | 25,137 Posts
{quote} yeah good question.....I haven't got the stats but I can't yet predict when something is going to 'turn'.......maybe you have a secret 'water diviner'? Let's take Jp1's Euro, 2017 it went up throughout the year so the bulls were laughing, then come 2018 it went down pretty much all year so the bulls got mullered...
all i ask is people look mate it is worth knowing and looking perhaps to change it , always nice to look back at what you are doing people leave, but this thread will go on for ever
- #857
- Sep 3, 2019 6:41am Sep 3, 2019 6:41am
- Joined Sep 2013 | Status: Trader | 25,137 Posts
{quote} You added to the post since I first read it! So now it's more interesting
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- #858
- Sep 3, 2019 6:47am Sep 3, 2019 6:47am
- Joined Sep 2013 | Status: Trader | 25,137 Posts
people leave, but this thread will go on for ever
- #859
- Sep 3, 2019 6:55am Sep 3, 2019 6:55am
right I'm downloading the water diviner thanks, good Aussie export that Russell Crowe 
watched The Professor over the weekend with Johnny Depp, not keen on the guy but he's a great actor....good movie...
UK is a disaster movie at the moment, not just Brexit....fat bankers taking the p!ss at one extreme, and fat scroungers at the other.....the 'middle classes' are fked......
Only thing UK is good at nowadays is music and sometimes a bit of footy, you're well out of it 'down south'......I'm coming to visit when my Gold longs pay out
Sweet dreams mon ami
watched The Professor over the weekend with Johnny Depp, not keen on the guy but he's a great actor....good movie...
UK is a disaster movie at the moment, not just Brexit....fat bankers taking the p!ss at one extreme, and fat scroungers at the other.....the 'middle classes' are fked......
Only thing UK is good at nowadays is music and sometimes a bit of footy, you're well out of it 'down south'......I'm coming to visit when my Gold longs pay out
Sweet dreams mon ami
You adapt, evolve, compete or die..losers average losers
- #860
- Sep 3, 2019 7:04am Sep 3, 2019 7:04am
- Joined Jun 2012 | Status: Trader | 1,106 Posts
Some people say I'm lucky, but the more I practice the luckier I get