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500 pip move? What in the world will move 500 pips before I catch it? Im only trading the EUR, GBP and JPY. Those do not move 500 pips in a short amount of time. But saying some widowmaker event happens anyway. A 500 pip move will not wipe me out. And a 500 pip move there would have...

It was a realized loss. But I guess you could say its a mental stop, but i definately do not plan it at the beginning of my trade when im going to get out like other people on here do. Just like the other guy, i've had trades that drop 50 or 100 pips and come back. They actually come back...

Oh yeah i know! Any time i've ever announced a loss, first question is "where is your stop loss at? Why didnt you use it? You should use stop losses." I stopped using stop losses because when i get stopped out, the chart turns around at that point half the time and then i have to make a...

No stop loss. I rarely use these as they usually just end up making me lose more money over the long run. I take the good days with the bad days. Yeah some days i take a hit, but other days i make a killing, like this morning. If I had used a stop last night, I wouldnt have made back...

You misunderstood. Luck meaning the momentum was stronger that expected, not luck that i picked the right direction. The trend was downward and I expected it to keep going down. Had no idea it was going to really pick up the pace. Thats luck. I expected to pick up maybe 20-30 pips by this...

Yeah...I suppose i cant always sell at the top and buy at the low. (although in my losing trades it always seems like i buy at the top and sell at the low) :D

Wow! What a stroke of luck. I went short last night before i went to bed the EUR and the GBP. (short the GBP at 1.6636 and short the EUR at 1.4901) I woke up because i had to pee really bad and figured why not check the forex, although i didnt plan to check it until around 5:30or 6 am...

yeah...im getting in now. Already got a few pips back although at this smaller size I really have to work at it now.

Yeah i know thats totally it. The day before, it was like I placed an order and it instantly went my way. You do that 10 or 15 times in a row and you feel like you can do no wrong. And its like i knew that GBP was going to be a bad trade, but I wanted to take the chance that it would come...

Markets up 40% under Obama...Gas Prices up 100% under Obama. Hmmm.

I took my biggest hit since trading forex today on a single currency. Lost 132 pips over 2days on the GBP. Average price of 1.6746 and got out at the absolute low point of the day today at 1.6614 Losing 100+ pips always hurts, but what hurts with this trade is that i traded a size higher...

Getting a little ahead of yourself there arent ya? :) 75.288 is the date for dec 7th. Looks like we have to break out of 76 for that bounce to happen in the next day or so. Im thinking tommorrow we close below 75 and I am really hoping to close around the 74.8 or so

Monsanto is going to be the death of us all. Especially with those terminator seeds. (if you dont know what those are they basically will grow 1 plant and the seeds that that plant produces will be sterile) So you always have to keep buying new seeds every harvest from monsanto. But what if...

Peter Minuit acquired Manhattan in 1626 from native people in exchange for trade goods worth sixty guilders, often mistakenly said to be worth twenty-four dollars. It can be converted to modern currency by comparing bread prices etc. and amounts around $1000 nowadays. If he put that 60...

You want to know why gold is not in a bubble? Ask anyone who knows nothing about investing, economics, or how money works if they would buy gold for 1150 per oz. 99% of them will tell you no, they would not. Now when these people that know nothing about investing, economics or how money...

Not sure, but i do know he was buying gold as early as 1999 (when it was 250-300 per oz) So we know he is up 400%+ just in that vs a 0% return for the dow in the same 10 year period.

Lets hope so...although remember that Linda Mcmahon is also running and using something like 20-50 million of her own money to get elected. Last i checked though simmons is leading and schiff is pretty much in last place as far as the polling is going so far. I really dont think schiff will...

How do you know BLSH didnt buy silver at the same time you are buying stocks and enjoy a 100% move up against your 60%? If you priced the dow in silver, then it would be the equivilent of the dow being at about 5,000 now. I dont know...maybe in a year or so when silver is at $50 per oz and...

Heh...the Yen stopped as soon as i wrote that post. Stuck at 89.40 I think im going to just short it from here. Way too much resistance. As for the EUR...wow you missed the last 2 days? I did great in the EUR with that big drop down and that big ride up. But you are right....its...

lets not forget about those atheist nuts! They believe we all got here from nothing exploding into everything (even though that completely goes against everything we know about physics, but hey...if it happened billions of years ago who can prove you wrong?) The believe they are nothing more...