meshpips:

Congrats sis! I was explaining to a friend just this morning that its not all about number of pips.

I suggest that you re-evaluate and think of profit/loss in terms of %.
Let me cite an example:
I went long today on usdjpy @ 79.93 with my SL @ 79.66 (27pips). If I decide to risk 5% on this trade, I would use
5% * 100/27 = 5% * 3.7037= 18.5% of my capital on this trade.
If I make  measly 27pips profit, I get 5% added to my capital.

Now if I come on this self same thread and say I made 54 pips that obviously would NOT sound like a big deal to any trader. Yet if I repeat this feat, compounding daily for 22 trading days, I would have made at least 500% profit.

IT'S NOT ALL ABOUT PIPS SIS, THINK IN %.

Congrats all the same.
Meshach

meshpips:

Congrats sis! I was explaining to a friend just this morning that its not all about number of pips.

I suggest that you re-evaluate and think of profit/loss in terms of %.
Let me cite an example:
I went long today on usdjpy @ 79.93 with my SL @ 79.66 (27pips). If I decide to risk 5% on this trade, I would use
5% * 100/27 = 5% * 3.7037= 18.5% of my capital on this trade.
If I make  measly 27pips profit, I get 5% added to my capital.

Now if I come on this self same thread and say I made 54 pips that obviously would NOT sound like a big deal to any trader. Yet if I repeat this feat, compounding daily for 22 trading days, I would have made at least 500% profit.

IT'S NOT ALL ABOUT PIPS SIS, THINK IN %.

Congrats all the same.
Meshach

Hmmmm. My guy, I only think in pips only, i realised in time that if I trade well in pips, the money does not matter. Let me make myself clear.

I went long on oil with a stop loss of 50 pips and made 250 pips on it. If i used $2 that will be $500 with a risk of $100. Assuming my original capital was $5000, I would have increased it by 10% in total but my real profit is 500% ( amount i was risking was $100). When I said I made over 300 pips, i didn't state what I risked did I? Thanks anyway for the heads up, but believe me when I say my risk reward is the part that I work on the most.

Also it's very important to set goals in trading and once the goals are achieved, be disciplined enough to not fall into the trap of overtrading and/or overconfidence. The market is a manic depressive beast, underestimate it at your own peril. That said, happy hunting y'all

honeric01:

na play play o

Congrats sis! I was explaining to a friend just this morning that its not all about number of pips.

I suggest that you re-evaluate and think of profit/loss in terms of %.
Let me cite an example:
I went long today on usdjpy @ 79.93 with my SL @ 79.66 (27pips). If I decide to risk 5% on this trade, I would use
5% * 100/27 = 5% * 3.7037= 18.5% of my capital on this trade.
If I make  measly 27pips profit, I get 5% added to my capital.

Now if I come on this self same thread and say I made 54 pips that obviously would NOT sound like a big deal to any trader. Yet if I repeat this feat, compounding daily for 22 trading days, I would have made at least 500% profit.

IT'S NOT ALL ABOUT PIPS SIS, THINK IN %.

Congrats all the same.
Meshach

meshpips:

Congrats sis! I was explaining to a friend just this morning that its not all about number of pips.

I suggest that you re-evaluate and think of profit/loss in terms of %.
Let me cite an example:
I went long today on usdjpy @ 79.93 with my SL @ 79.66 (27pips). If I decide to risk 5% on this trade, I would use
5% * 100/27 = 5% * 3.7037= 18.5% of my capital on this trade.
If I make  measly 27pips profit, I get 5% added to my capital.

Now if I come on this self same thread and say I made 54 pips that obviously would NOT sound like a big deal to any trader. Yet if I repeat this feat, compounding daily for 22 trading days, I would have made at least 500% profit.

IT'S NOT ALL ABOUT PIPS SIS, THINK IN %.

Congrats all the same.
Meshach

Kashif:

So you rather she comes here to tell you she made thousands of dollars like some fellas do? Forex gain/loss is counted in pips jare. The % is subject to money management, and not easily quantifiable.

naijababe:

^ d tin useless pass useless    . Well all in good time mate, I trade indices too, u can call me an all rounder. That's why I only trade 3 forex pairs

Hmmmm. My guy, I only think in pips. I realised in time that if I trade well in pips, the money does not matter. Let me make myself clear.

I went long on oil with a stop loss of 50 pips and made 250 pips on it. If i used $2 that will be $500 with a risk of $100. Assuming my original capital was $5000, I would have increased it by 10% in total but my real profit is 500% ( amount i was risking was $100). When I said I made over 300 pips, i didn't state what I risked did I? Thanks anyway for the heads up, but believe me when I say my risk reward is the part that I work on the most.

Also it's very important to set goals in trading and once the goals are achieved, be disciplined enough to not fall into the trap of overtrading and/or overconfidence. The market is a manic depressive beast, underestimate it at your own peril. That said, happy hunting y'all

Kashif:

So you rather she comes here to tell you she made thousands of dollars like some fellas do? Forex gain/loss is counted in pips jare. The % is subject to money management, and not easily quantifiable.

honeric01:

@big icon, sorry the bot caught you too, i saw your own post too lol , the bot does not like the mention of $$$$
yeeeyeyeyeyeye gun shot, nothing do you bro, no mind them them

Anyways i am watching to take my last trade for the week before calling it quit, i am about to long both EU and GU for like 200 pips minimum with stoploss of about 1:3 ratio.

My trailing stop should trade for me tomorrow, i no wan do trading at all tomorrow.

Kashif:

So you rather she comes here to tell you she made thousands of dollars like some fellas do? Forex gain/loss is counted in pips jare. The % is subject to money management, and not easily quantifiable.

naijababe:

^ d tin useless pass useless    . Well all in good time mate, I trade indices too, u can call me an all rounder. That's why I only trade 3 forex pairs

Hmmmm. My guy, I only think in pips. I realised in time that if I trade well in pips, the money does not matter. Let me make myself clear.

I went long on oil with a stop loss of 50 pips and made 250 pips on it. If i used $2 that will be $500 with a risk of $100. Assuming my original capital was $5000, I would have increased it by 10% in total but my real profit is 500% ( amount i was risking was $100). When I said I made over 300 pips, i didn't state what I risked did I? Thanks anyway for the heads up, but believe me when I say my risk reward is the part that I work on the most.

Also it's very important to set goals in trading and once the goals are achieved, be disciplined enough to not fall into the trap of overtrading and/or overconfidence. The market is a manic depressive beast, underestimate it at your own peril. That said, happy hunting y'all  

honeric01:

^^^^

Entry point for me 44xx for EU, 63xx for GU, watching,

JAZES:

If EU breaks 1.4605,the next stop will be 1.4567 and
then 1.4555. My 2cents

JAZES:

sentiment rebounded in Thursdays session sending commodity currencies higher and pushing down the low-yielding JPY and CHF. The euro fell on the long-term rates outlook and discord about Greece. The upcoming session features the always crucial Chinese trade data.

A relief rally after six days of losses boosted the S&P 500 by 0.7% and helped commodity currencies. The index fell 4.9% during the losing streak. AUD recovered all of its post-employment losses against JPY and has nearly done the same versus USD.

Trichet indicated a July rate hike by saying strong vigilance but tempered speculation of further rate rises by saying the ECB had not raised its 1.7% inflation forecast for 2012. The euro also fell after Germany reportedly demanded primate sector participation in the Greek bailout, something the ECB continues to rail against. MOODY's ALSO PLACED SEVERAL PORTUGUESE BANKS on review for a downgrade.

A SOFT T-BOND AUCTION pushed up yields and helped USD. A headline detailing that THE FED IS NOW THE LARGEST US CREDITOR, holding 14% of Treasury supply (compared to China at 12%) also pushed up yields.

Economic data was mixed with US initial JOBLESS CLAIMS increasing 1K to 427K compared to the 419K expected. The US TRADE DEFICIT, however, was much lower than expected at $43.7B due in part to a backlog of orders from quake-stricken Japan.

Talk of HOUSING problems in the US failed to sway optimism. The Feds Yellen said the recovery in the sector will be long and drawn-out. Case-Shiller Index co-founder Robert Shiller said a decline of 10-25% in housing over the next five years wouldnt surprise me at all.

Blog icon:

I second you. You took your words out of my head; you just spoke my mind!
Gbam! Those are the words of someone who knows what success in trading FX is all about. I have actually been reading and following replies from the sidelines (due to the stupidity of the bot), but I couldn't help but log-in to hail those words.

Risk : Reward is actually where the money is. Personally, I do not take trades that have a R:R less that 1:2. With that strategy in place I can afford to lose 60% of my trades (I don't actually  Smiley) and still remain profitable at the end of the month.

What was the attack on her all about in the first place? Angry Sad Sad. Keep it going @naijababe, you know your onion.

naijababe:

Na you got it all wrong, Mesh wasn't picking on me, you probably misunderstood him. He was just tryna set me right . Make una no fight eh, see what too much testosterone in thread can cause eh. Def. need more females in here

meshpips:

Hi all,
a new trade call has been posted on my blog. It is a long on eurcad.
Get the details on my blog.
Happy trading!
Meshach.

frank_ike:

some people do say that some companies alert traders on when to enter trade if u subscribe with them. how true is this info

honeric01:

Uhmmm today was not cool, didn't trade but had some orders from yesterday, my SL hit mostly, anyways i am glad i had some damage control on ground, it reduced the losses and i am glad i didn't lose all the profits i made during the week. (Half still intact)

Next week i wait.

aguiyi:

seems some persons got burnt today ,the house is scanty

Anyway, i bought euro at the lowest point 1 hour b4 the market closed, am already on profits and decided to leave it, be expecting like 15k when the market pump up on EuroUsd by sunday open, hope u people will not push it down