Chinook's EUR/USD (E/$)Mumblings

Quote from SethArb:

you can max out a 10 K account with FXCM into a 400 K Euro position?

gosh ... I do not think Cramer when he traded options while in college was as reckless ... be careful kid !

:p
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Sorry I suck at market terms, I meant 400k as in 400 lots. I have 61 % Useable margin, enough headroom for me. I live at home, already have a sports car so at the present time I'm fine :D
 
Quote from TradingWise:

I think we will crash one way or the other soon. Or over 1.3000 or way down for a large correction.

The triangle (uptrend and 1.3000 level) is really small right now.
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Well I'm trying to catch the "big crash". Meanwhile, I'm getting smoked like a nice slab of Alaskan chinook salmon :)
 
Quote from V-Viper:

Not that much into futures, any advantages?
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No games. Open book, what you see is what you get. Regulated market. The only advantage of retail forex was guaranteed stops but that's gone now.
 
Quote from V-Viper:

Sorry I suck at market terms, I meant 400k as in 400 lots. I have 61 % Useable margin, enough headroom for me. I live at home, already have a sports car so at the present time I'm fine :D
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400 lots :confused:

one lot = 100k units.
 
Quote from chinook:

A friend of mine who has absolutely no clue about the markets told me yesterday that he wants to buy Euro--He thinks that it'll go up to 2.0! Maybe 1.3 is indeed the turning point :)
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I also know people who think we will see 1/2.0000 somewhere in the near future. Really funny :)
 
For you more experienced forks, does this range of bull/bear war happen often? As in a defined resistance level, maybe not as strong as the whole number 1.3000 but similar? Like every .0100th?

Just want some new insight thanks.
 
Quote from TradingWise:

400 lots :confused:

one lot = 100k units.
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Yea thats what I meant 400k units, I thought SethArd thought I meant 400k LOTS!

So I'm 4 lots short at 1.2900, now I got the hang of it.
 
Quote from V-Viper:

Yea thats what I meant 400k units, I thought SethArd thought I meant 400k LOTS!

So I'm 4 lots short at 1.2900, now I got the hang of it.
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400k units is still much for a 10k account??
 
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