Disqus - Latest Comments for martinsage

Re: Ryan: GOP to 'defund' Planned Parenthood in Obamacare repeal | PBS NewsHour

martinsage — Thu, 05 Jan 2017 22:34:22 -0000

Planned Parenhood donates money to the Democrats. Let it go private and raise money from all their Liberal Feminists.

Re: PBS NewsHour full episode Jan. 5, 2017

martinsage — Thu, 05 Jan 2017 22:20:07 -0000

I would like to see ALL FUNDING from the US Govt. cut from PBS. You need to change your name to The Democratic Propaganda Station. Biden says health care is a right. What he fails to mention is that it's an Expensive Right for only a few. Republicans are not the Free Spenders that the Democrats are. Republicans will get Affordable Healthcare for All Americans through good business negotiations something incompetent Democrats haven't a clue about.

Re: How Putin could have been involved in U.S. election disruption

martinsage — Thu, 15 Dec 2016 22:36:26 -0000

When are you going to be a professional NEWS program instead of being a Propaganda station for the Democrats? In your "report" on Russia hacking emails you present Zero Proof. We, the viewers, are just suppose to believe you? I am disappointed with PBS. I hold you to a higher standard.

Re: The New Forex Social Media

martinsage — Tue, 06 Oct 2009 08:59:33 -0000

I spoke to one of their reps and they submitted my request.
Martin

Re: The New Forex Social Media

martinsage — Sun, 04 Oct 2009 18:49:15 -0000

Yes, you might be right Mark. Oanda is very conservative and security minded. I really was excited about joining Currensee. Maybe if enough of us tell them we are going to pull our account unless they accept Currensee. Yea, like they care about losing a few hundred or less customers.

Re: The New Forex Social Media

martinsage — Sun, 04 Oct 2009 13:28:39 -0000

I tried to join but OANDA is not on their list of brokers. I can't believe it!!!
There are thousands of traders who use Oanda. I've been with them for years.
Eur/Usd spread is normally .09

Re: Eur/Usd: We are Now In a Channel

martinsage — Mon, 28 Sep 2009 11:50:32 -0000

Good Call on the bounce Casey. Went long at 4586.
Also, good call on your system of quiting trading 2.5hrs after market opens.
That's exactly when the market took a pullback.

I was wondering which trading markets you prefer to trade Eur/Usd?
I would think London and NY, but what do I know.

Re: Eur/Usd:New Trading Methods

martinsage — Sat, 19 Sep 2009 15:13:52 -0000

I've been trading Forex for 5yrs and I've blown 3 accounts (following rules like you suggest). My last account I've kept for the last 12 months. In fact, I've almost doubled my base account while taking daily profits and that is amazing for me. I've learned like all of us by doing something and having it bit me in the ass. I trade Sun through Thursday (I don't trade on Friday as most guys are collecting their profits and so pairs sometimes don't act as they should) I keep mental and written notes on what I did right and wrong. When I see a losing pattern I try to not do it again. I'm not an expert but I know what works for me. I now make $200+ each day off a base $10,000 account. Some days lately I've made over $1000. I've survived trading every day and made money consistantly for the last year and that is a hell of a lot better than 90% out there. Most the time I don't follow anyone's advice but listen to my inner voice of experience. It's mostly following human behavior...Greed and Fear...with Fear being the more powerful force. Now, on to your email.

i Martinsage, If you enter a position and it goes against you, then my suggestion is that you get out.
MARTIN: The number one important thing is that you MUST know the trend of the pair before entering a trade. Once you are sure of the trend then if it goes against you at the time of the trade you can 1) wait it out 2) do what I do and have a seperate account and make money on that temp. swing.

If you keep holding that losing position you are not cutting your losses, but holding on to losing positions which might not come back into your favour. Eventually you will have to get out or risk blowing up your account.
MARTIN: I totally agree if you DON"T know the trend of the pair and are just guessing and if you don't have enough in your account to carry you through the negative swing. This is mainly due to Greed on your part having opened a much too large a position for your account.

As my previous post suggest, I use resistance and support levels to define where I set my stop or take profit, and enter trades. Stops will kill you if you just randomly place one without any thought or why you place the stop in the first place. If your stops get hit all the time, then you might need to rethink your analysis. Hope this helps. Keep learning......:)
MARTIN: The reasons stops don't work is that there are a Million guys out there who are thinking just like you. When you try to out guess them they are doing the same for you and so on. Maybe you are smarter than all of us and good for you but as Clint Eastwood once said after blowing a bad guys brains away..."A man must know his limitations" I know mine and it is that when I put in a stop it will swing or spike right up to that stop, stop me out, and then continue on it's marry way in the direction it was going without me.

Re: Overview of Todays Forex Trading and Tommorrow

martinsage — Wed, 16 Sep 2009 18:38:12 -0000

Sept.16 -Went long @ 4655 with TP @ 4719. I'm watching for a pull back to 4680-90(didn't reach it-went long 4704) area where I will go long again to TP 4755( made nice profit on 2 standard lots for 3hrs time). Dollar weakness continues while European economy is growing stonger (especially Germany) so I see the Euro continuing it's upward trend.

Re: Eur/Usd:New Trading Methods

martinsage — Wed, 16 Sep 2009 18:08:01 -0000

You didn't mention about the doji 8 candles to the left of the big upward move. According to your formula after the doji you'd short. In this case the next day you'd be looking good and then wham it shot up. what would you do then??? hold on and wait for it to continue downward (as it eventually did or bail out?) You don't mention the rules when it goes AGAINST YOU. Do you have any? Stops by and large in my experience kill alot of good plays. I don't use them but do keep close eye on things. I have a second account waiting for these times and will go long (if my short is losing) to catch the action (and make $$) until things go back in my direction. You must have enough money in your account to not have a margin call or you must cut your loses. You also must have the conviction that you know the overall trend. If not you are dead and will end up broke.