Astro409
Recruit
- Messages
- 9
Is it just me or does anyone else feel like a market maker when the amount in their account is little(less than $100 USD), at the time i've lost about 70% of learning investment? This is not my 1st time asking myself that question. After reading a few fx notes, looking at a four hour chart for the EUR/USD, followed by a 5 minute and then a 1 minute chart today I opened a 1 lot short position on the EUR/USD at 10:58am eastern time. The market started to go in the opposite direction of my position. After seeing my indicators(CHO,MACD and Stochastic Slow) line up, AGAIN, I opened a second short position at 11:15am to try to capitalize on a potential reversal. The EUR/USD was bullish sort of strong(in my opinion) for the next 30 minutes and seemed to reach some sort of resistance around 11:45am but I was over 30 pips negative already. My indicators kept giving me signs of a reversal but for the next hours(almost 5 hours) so I kept my short position opened to see if I would gain some pips back but the market went almost sideways and still in a slight bullish trend. I had lost an additional 10 pips by 15:54 when I decided to close my positions.
I closed my position more than anything to try something. I understood from my 1 minute indicators(CHO,MACD and Stochastic Slow) that the price was going to go up so I closed my short position and opened a 2 lot long position on the same EUR/USD currency pair about a minute later(it shows 15:56) when things seemed to confirm my opinion. Well, by the art of magic, bad calculations, bad luck or whatever you want to call it the market turned and started going bearish as soon as I entered my new long position. At 16:22 I closed the long position 11 pips negative feeling sick and mad.
Please keep in mind that I am not mad about LOSING the money given that i'm losing .11 cents per pip. I'm mad that a transaction so small should go undetected, in my opinion, ALMOST like with the DEMO account. However, it appears that its making a difference in the FXCM market. I only lost USD $10.21.
53874022 EUR/USD 1,000 2/19/13 10:58 AM 1.33570
2/19/13 3:54 PM 1.33961 -3.91
53874596 EUR/USD 1,000 2/19/13 11:15 AM 1.33571
2/19/13 3:54 PM 1.33961 -3.90
53881292 EUR/USD 2,000 2/19/13 3:56 PM 1.33966
2/19/13 4:22 PM 1.33846 -2.40
I closed my position more than anything to try something. I understood from my 1 minute indicators(CHO,MACD and Stochastic Slow) that the price was going to go up so I closed my short position and opened a 2 lot long position on the same EUR/USD currency pair about a minute later(it shows 15:56) when things seemed to confirm my opinion. Well, by the art of magic, bad calculations, bad luck or whatever you want to call it the market turned and started going bearish as soon as I entered my new long position. At 16:22 I closed the long position 11 pips negative feeling sick and mad.
Please keep in mind that I am not mad about LOSING the money given that i'm losing .11 cents per pip. I'm mad that a transaction so small should go undetected, in my opinion, ALMOST like with the DEMO account. However, it appears that its making a difference in the FXCM market. I only lost USD $10.21.
53874022 EUR/USD 1,000 2/19/13 10:58 AM 1.33570
2/19/13 3:54 PM 1.33961 -3.91
53874596 EUR/USD 1,000 2/19/13 11:15 AM 1.33571
2/19/13 3:54 PM 1.33961 -3.90
53881292 EUR/USD 2,000 2/19/13 3:56 PM 1.33966
2/19/13 4:22 PM 1.33846 -2.40