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Do you think you can turn $200 into $400 in six weeks?

ahuruglica (ahuruglica)
Jul 11 2014 at 19:37
852 posts
Last year on ECB rate cut, on most brokers the price gaped about 50 pips. Do you need the graph?

MyFxTrader
Jul 11 2014 at 19:53
170 posts
ahuruglica posted:
Last year on ECB rate cut, on most brokers the price gaped about 50 pips. Do you need the graph?

 
Please attach the chart for ease of reference.

ahuruglica (ahuruglica)
Jul 11 2014 at 21:00
852 posts
It happened on 7 Nov 13. Within one minute at 7:45 price moved 125 pips. Unfortunately the lowest time frame is 1 min and candlestick tells you when the first minute started and when ended, not much study inbetween. For a few seconds liquidity providers did not provide liquidity and the price gaped about 50 pips.



I had entry orders to buy at 1.3500 and 1.3480 with SL about 50 pips. Positions were open then closed within 0 seconds. Gap was about +50 pips. If I traded with money management like some traders are proud of, not only I would have blown the account, but probably would owe broker money.



dchara01 (dchara01)
Jul 11 2014 at 21:18
126 posts
ahuruglica posted:
If I traded with money management like some traders are proud of, not only I would have blown the account, but probably would owe broker money.


Could please explain this... I can't understand it... what do you mean?

dchara01 (dchara01)
Jul 11 2014 at 21:35
126 posts
AmberLynn posted:
Why not lower your exposure to the market? Exposure in the sense of the amount of time you are in the actual market. Several traders her have displayed the ability to do it. Is it luck? I think not, not when a person is able to repeat the same results multiple times. Super_trader has shown the ability to do it. So, why don't we focus more on that? As that would allow us to risk more, because stats say we won't be in a position for a certain amount of time in red.


Risk in trading is measured in money, not in time!

Risking $100 for 1 second and risking $100 for 1 hour is absolutely the same... you still risk $100. If you could know the exact time when the market will move against you, you would never risk a penny that specific moment...

Suppose you have a million bucks and a stranger asks you to lend him that amount. Do you really care if he is going to return it in 1 minute or in 1 hour? Does it make a difference?

dchara01 (dchara01)
Jul 11 2014 at 21:36
126 posts
And BTW... @AmberLynn, for the sake of this thread's consistency.. please start posting from your @Master_Kiwa account again.

ahuruglica (ahuruglica)
Jul 11 2014 at 21:45
852 posts
I'm referring to the one who is happy with 5 pips profit and trades with over leverage, mr MK off course. 50 pips gap would make his account go puf.

Also some traders with high leverage a few pips price slip or gap not only would blow the account but also the equity will go below 0. Loses are higher than equity and the trader owes broker money.

ahuruglica (ahuruglica)
Jul 11 2014 at 21:46
852 posts
I think he can not post from Master Kiwa because account is banned.

dchara01 (dchara01)
Jul 11 2014 at 21:51
126 posts
ahuruglica posted:
I'm referring to the one who is happy with 5 pips profit and trades with over leverage, mr MK off course. 50 pips gap would make his account go puf.

Also some traders with high leverage a few pips price slip or gap not only would blow the account but also the equity will go below 0. Loses are higher than equity and the trader owes broker money.


Ok, cool! Thanks for explaining.

optimofx (optimofx)
Jul 11 2014 at 22:58
250 posts
The problem is not 5 pips profit, the problem is 5 pips stop loss.
The only problem takin 5 pips profit is if ur stop loss is in 200 pips (for example) , because a SL means more tham 40 positive trades. A strategy (profitable) with 5 pips profit and a SL for example 25 pips. is fine if its profitable.
And the problem of an Stop Loss of 5 pips, is slippage, gaps. misconections , etc...

Caution ¡¡ Forex market is full of scams ¡¡
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