At what level do you hope to close position? What is your stop set at?
I think interest is only taken on positions open at 2PM EST.
Ok thanks
What happens to my Forex mini RefcoFx account if Refco goes the way of Enron? Could I lose it?
As long as you use STOPS then you can fight another day.
Thanks.......I stand corrected. Gives me more time on the Puts:)
Maybe buy GOOG puts? They report tommorow and are due for a sell-off.
After a huge loss on a 1st trade though few people would continue. It would be very hard to put more money in. It seems to me you got lucky on...
This PEET trade came to almost 100% of the entire account. 40 contracts X $2.20. This is actually gambling not investing. Of course PEET could...
Ok........ Thanks for all the replies. I will be reading everything over. To eliminate all the "noise" I could enter a trade like this at a...
Did your stop get hit at $1.70? Or is your stop at $2.20 - $1.70 = $0.50?
Ok.. So instead of entering at +25 pips, maybe +40 pips might be better. With stops at -20 pips, and limits at +20 pips.
Support/Resistance was about +- 10 pips. My plan was to cancel one leg after the other limit was hit within a few hours. I only wanted the 10 pips...
Oh yes...I though I mentioned that. The reason I entered the trade was because the GBP/USD was trading sidways at 1.7600 for a few hours. I was...
fatrat... I like to complete one Forex trade per day Sun-Thur. If I lose on a trade I will skip the following day, to spread the loss over 2...
RefcoFX has a 3 pip spread on the EUR/USD. But a 1.5 pip spread will not save a bad trade.
Why not post them here?
I did have a demo, but now I trade with a real account. With demos you trade differently there is no fear or greed. This trade cost me only...
Thanks late apex I edited my last post just as you posted. And yes you are correct on the 15pips move, not 10 pips as I thought.
By entering the trades during a quiet time to be executed once GBP/USD moved 25 pips I was hoping momentum would continue. Came very close, both...
Separate names with a comma.