Reminiscences of an alcoholic college student -
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thread: Reminiscences of an alcoholic college student

  1. #11
    Use W1 and M1, it's a lot simpler and easier to trade from those time frames. 4h can be fine but when beginning, I'd concur that the higher time frames are a lot easier on the emotions.

    It has been said that money is lost once you enter and exit a trade. So sitting at a longer term trend can be the best way to go.

  2. #12
    Last time the BOJ attempted to intervene in its currency was 2004. They ended up failing to maintain U/J above 115. . .and they will end up failing.

    Something far larger than the BOJ is needed to flip U/J around and block it from falling farther.

    Historically, intervention has not worked, why should today be any different?



    I'll Be sitting on the sidelines waiting the BOJ out. U/J should become a sitting duck with what ought to be some exceptionally predictable moves in the coming years.

    will cover here.

  3. #13
    Just got the notice - new leverage in america is capped at 50:1 for the majors, 20:1 for the more exotic pairs, and non-US accounts are prohibited

    I welcome these changes. . .if I cannot manage my mm. . .at least the f***ing CFTC can do it for me!

    Im not really paying attention to what's going on here CFTC-wise, but was a lot of talk about a 10:1 cap. Not sure if this will wind up going down, but this shouldn't affect mepersonally, but it does seem like it'd make things somewhat tight.

    Gl all

  4. #14
    Just got the notice - new leverage in the united states is capped at 50:1 for its majors, 20:1 for its exotic pairs, and non-US accounts are prohibited

    I welcome those changes. . .if I cannot handle my mm. . .at least the f***ing CFTC can get it done for me!

    Im not actually paying attention to what is happening here CFTC-wise, but was a lot of talk about a 10:1 cap. Not sure if this will end up going down, but this shouldn't affect mepersonally, but it does seem like it would make things somewhat tight.

    Gl all
    Insane shit. While it does not impact me much right now (other than shutting my UK account and returning to some US based broker), it gets me stressing about the future and what else they may be throwing in our 5 years down the road. Keeping up my PnL is a stress by itself.

    RE: UJ. . .this pair has provided some of the very predictable moves over the past couple of months (Reduced time frames - 1hr, etc) IMO.

    As you're considering larger TF, what's your take on the EU?

    Cheers

  5. #15
    my ideas about the EU?

    I have no idea my friend. Taking a look at the chart of that gives me nightmares.


    For me, looking at the smaller time frames is similar to driving a car and watching just 10 ft in front of you.

    Heres some food for thought....Monthly of USD/CHF that goes back to 1991. . .stupid forex.com charts dont display the date on the x-axis

  6. #16
    Long (10) GBP / USD @ 1.5731

    Stop (10) @ 1.57
    stop (10) @ 1.57

  7. #17
    Long (10) EUR/USD @ 1.3691

    Stop (10) EUR/USD @ 1.3591


    Rationale: just following the trend and trying to get a great entry. . .kicking myself for not buying this earlier, but hindsights 20 / 20

  8. #18
    Closed (10) EUR/USD @ 1.3814

  9. #19
    Closed (3) XAG/USD @ 22.83

  10. #20
    Closed (3) XAG/USD @ 22.83
    there's that the pinbar best forming. . .time will tell. . .hopefully or I will feel like an ass for final

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