Yes. Always good to start while we are still young & energetic...
Cheers for college traders..
Cheers for college traders..
College Grad Looking to Make as a Trader 61 replies
Forex Without a Job (College/Uni Student) 35 replies
College Major for an FX Trader? 84 replies
Education help? Major and College Qs 5 replies
DislikedI've always been interested in supply chain management and making things running more efficiently in general - any ideas/tips on how to get into the field?
EDIT: Anyone see that huge spike on EURGBPIgnored
Dislikedhey guys!
just thought id stop by and see whats up......good to see this thread is still at it!
here are some charts for everyone......
some resistance nearing 2800, serious support 2650-2633. I prefer selling near 2800. If your trading this pair, be careful, with all this stress test bs going around literally anything can happen......use proper MM and low acct risk
great RR ratio on aud/cad trade.....im looking to sell @ 9221 stops above 9260Ignored
DislikedShorting GBP/USD, yes, shorting. Last time I shorted this pair was in 2006 when I clearly shouldn't have -chaos ensued.
My reasoning...
3 Hour chart has Stoch and RSI support.
Haven't seen retracement since July 21st (see 1 Hour chart).
If July 26 closes around the same area we are seeing now (1.5481) Tenkan-Sen will cross Kijun-Sen, and Chikou Span will teeter on crossing for a bear trend.
Looking for 100-150 pips.
Comments anyone?Ignored
DislikedI don't trade with stop losses, proper money management is the key I find.Ignored
DislikedI very rarely place a stop loss. For various reasons I prefer to exit my position manually. Usually, the only times I place a stop loss is when I absolutely have to leave the computer while my position is open.Ignored
Dislikedyou keep bargaining with yourself. You say just 5 more pips and ill close it, then just 5 more, then 5 more, and before you know it ur now in the red 70 pips when you planned on getting out at 30....it will happen to you, i guarantee it.Ignored
DislikedNot if you know what you're doing.
I avoid times of such extreme volatility while trading.
You could say I'm a scalper who aims for around 10-15 pips a day over 1 to 3 trades.
I know what times to get in and what times to stay out.
That would be called poor discipline. If you have it, you shouldn't be trading this way in the first place.
No. Some people work hard on controlling their emotions and can eventually do it.Ignored
DislikedLet me discuss what I meant by 'proper money management'. For 2000 unit lot sizes and 150 pip draw-downs...
Margin=103.62+(102.12+0.21*150)+(100.62+0.21*150*2)+(99.12+0.21*150*3)+(97.62+0.21*150*4)+...
This general expression above is the same as saying for the margin at a given iteration k as,
y(k)=(x+1.5k)+(0.21*150)(k-1) for all 1<=k<infinity where we let x=103.62-1.5=102.12 due to the variable margin upon each opening of position
After expansion,
y(k)=33k+70.62
Now represented as a sum,[font=monospace]
http://img84.imageshack.us/img84/624...0100726194.gif
8...Ignored