Trading Contest 1st May 2010

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prochargedmopar
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Postby prochargedmopar » Sun May 09, 2010 8:41 pm

200+ pip gap on a/j.
There was a reason why I was go ing long last week, just forgot what it was.
doh.

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#1BODY in direction of profit #2INCREASE lot size Obsessively
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Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Postby newschool » Mon May 10, 2010 1:19 am

pro, why not take it on micro lot or even on demo? nothing beats a live trade...

also do someone know the cause of high volatility on UCHF ? The spread jumps for no reason.

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Postby prochargedmopar » Mon May 10, 2010 2:05 am

newschool wrote:pro, why not take it on micro lot or even on demo? nothing beats a live trade...

also do someone know the cause of high volatility on UCHF ? The spread jumps for no reason.


Yes, I switched my mt4 stats to my live account, all three, fxcm/fxdd/and mbt are live accounts now.

Oh, high volatility is usually a bi-product of low liquidity which is also the reason spreads jump.
#1BODY in direction of profit #2INCREASE lot size Obsessively
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Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Postby newschool » Mon May 10, 2010 1:50 pm

Yeah I know about volatilty/spread, to tell you the truth, the market is still high on the same drugs as last week. I am getting M15 pips on M5 charts.

Also check out the gaps on the Euro. The fundamental news was important, so it didnt close all. Still it made a pullback to exactly half of it... does that remind you of something 8)

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Postby prochargedmopar » Mon May 10, 2010 1:53 pm

newschool wrote:Yeah I know about volatilty/spread, to tell you the truth, the market is still high on the same drugs as last week. I am getting M15 pips on M5 charts.

Also check out the gaps on the Euro. The fundamental news was important, so it didnt close all. Still it made a pullback to exactly half of it... does that remind you of something 8)


Yeah, see my post here:

http://kreslik.com/forums/viewtopic.php?p=39907#39907
#1BODY in direction of profit #2INCREASE lot size Obsessively
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Postby newschool » Tue May 11, 2010 4:26 pm

Yeah next week I promise I will try the MZ gap.

Anyone know why the GBP just exploded?

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Postby johny » Tue May 11, 2010 9:12 pm

newschool wrote:Yeah next week I promise I will try the MZ gap.

Anyone know why the GBP just exploded?


David Cameron became the prime minister of UK. He is from The Conservatives party [right wing....heard about Margaret Thatcher? same political party]. His manifesto included government spending cuts to fix govt debt and deficit.

Johny

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Postby newschool » Tue May 11, 2010 9:26 pm

johny wrote:
newschool wrote:Yeah next week I promise I will try the MZ gap.

Anyone know why the GBP just exploded?


David Cameron became the prime minister of UK. He is from The Conservatives party [right wing....heard about Margaret Thatcher? same political party]. His manifesto included government spending cuts to fix govt debt and deficit.

Johny


Thanks, my FX news site just got the info at 21h25 GMT, after the major breakout... were they really late or you just learned about this tonight?

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Postby newschool » Thu May 13, 2010 1:45 pm

Ok here a simply logic trade.

Checkout this night big drop on UCAD (and CADJ) with no apparent reasons. I was really wondering whats going on. Well this morning it made the exact opposite.
A big rally like this with no fundamental backup? Might be a chance to look for an easy reversal...

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CHANGE

Postby PIP'S FARI » Tue May 18, 2010 11:39 pm

Just terrible trades all all my fault, I let my lost run and cut short my winner, I see alot of you guys gals are doing great congrads keep it up, I'm gonna make it back to original contest account amount and plenty more. gonna do the opposite look at how much I could of got lol...
Last edited by PIP'S FARI on Tue May 18, 2010 11:57 pm, edited 1 time in total.
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