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MightyOne
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Re: Any of you seen this.......................

Postby MightyOne » Thu Feb 05, 2009 12:32 pm

razorboy wrote:slashing retail FX leverage..........

cuz you know it was the retail FX trader that caused this whole credit crunch.........

http://forums.babypips.com/show-me-mone ... #post88803


It sounds like they are trying to move the money out of Forex and into the stock market.
I don't think that too many people will want to deposit $1,000 to trade $0.10/pip.
You could make more money playing poker with $1,000 than trading with 1.5 to 1 leverage.

I would most definitely quit Forex if my leverage dropped below 20 to 1.
I would most likely use the same methods I have shown you and trade nothing but 6 month option contracts in the Futures market.

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razorboy
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Postby razorboy » Thu Feb 05, 2009 12:45 pm

As a long term approach, I doubt people would play for 10 cents a pip, but when you start out, it is good practice and is probably a much more reasonable line of thought than the idea that some idiot is going to drop 10K on a single position without having a clue as to what he is doing
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!

http://thejoshkerbelproject.com/

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MightyOne
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Postby MightyOne » Thu Feb 05, 2009 12:51 pm

razorboy wrote:As a long term approach, I doubt people would play for 10 cents a pip, but when you start out, it is good practice and is probably a much more reasonable line of thought than the idea that some idiot is going to drop 10K on a single position without having a clue as to what he is doing


They are just BSing you to get pass the rule :roll:

Brokers save all kinds of stats and you could probably call them up (or text chat) and ask them what the average leverage trader's use before liquidating their positions.

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TheRumpledOne
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Postby TheRumpledOne » Thu Feb 05, 2009 1:42 pm

Image

The short at 1.4600 paid off for those in the TWO PERCENT CLUB PalTalk Chat Room just now.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Postby TheRumpledOne » Thu Feb 05, 2009 1:47 pm

Image

Looks like a ZERO LINE to me!!

MT4 version of TRO_HL, including SOURCE CODE and template, attached.
Attachments
TRO_HL.zip
(5.93 KiB) Downloaded 211 times
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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MightyOne
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Postby MightyOne » Thu Feb 05, 2009 2:25 pm

This is my reply to FINRA:
---------------------------------------------------------------------------
Only a person who is completely ignorant would max out on leverage and said person
should not be trading to begin with.

While I believe that the Forex market is just fine the way that it is and that you should
keep your dirty hands off of it I am willing to offer some suggestions:

A. 1.5 to 1 trade size and 30 to 1 max leverage; trader is limited to placing one trade the
size of 1.5 to 1 every 60 seconds. This would greatly reduce risk while at the same time
leaving the door open for the significant gains that draw people to the Forex market.

B. No less than 20 to 1 leverage!

C. Leave the Forex market alone; profitable traders are experienced in risk management
and unprofitable traders cannot be protected as the net result is a destroyed account.

---------------------------------------------------------------------------

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MightyOne
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Postby MightyOne » Thu Feb 05, 2009 2:34 pm

TheRumpledOne wrote:Image

Looks like a ZERO LINE to me!!

MT4 version of TRO_HL, including SOURCE CODE and template, attached.


Because they are :lol:

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dragon33
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Postby dragon33 » Thu Feb 05, 2009 3:41 pm

Here was my trade from this morning. At the yellow line i leave the trade. When trend was going down i placed a limit at same price of the downside of the body so the wich hit my entry and i was in for a good run. Out at the yellow line.


Image

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dragon33
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Postby dragon33 » Thu Feb 05, 2009 4:01 pm

MightyOne wrote: This indicator is MO approved :roll:


Image

It was posted some time ago by ________, but I only just now got around to testing it.


What is the use of the time converter?

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dragon33
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Postby dragon33 » Thu Feb 05, 2009 4:12 pm

Image


Image

Good for about 36 pips :D

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