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Old 09-05-2004, 15:26   #81
mishak
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to post #45148
1. you may be sure I've checked your posts on our Forum for the occurence of the word "leverage". You never disclosed what leverage you use. Therefore I've made the estimation that your leverage can not be more than 1:67.
Now you said you
Quote:
rarely use more than 20:1 leverage
It means my estimation was correct, 20 is less than 67.
Congratulations

Speaking about 1:20 leverage
I believe it is too aggressive, especially for swing trading and even accumulation strategy and I do not recommend this to starters forex fellows.

2. it looks like your "reading skills" are better than mine if so, you may notice than I did not discuss your stopped/reenter or some other trading tactics. The point of my post was the leverage you may had used for trading. Yourself acknowledged that I was right (look itme #1 above).
You may be sure that I
Quote:
comprehend the complex idea of "averaging".


about averaging
I believe that averaging is not too complex, but wrong. I prefer not to buy at 1.2050, average at 1.1950, getting stooped at 1.1880 and "re-open" at 1.1850. I like to stay out of the market waiting for the better price and to buy at 1.1870 (prices are fictional).
Some members, who posted on your part_1 thread have similar views.
It is too much psychological burden to average on the way down
Therefore, I do not recommend such technique for beginners on forex.
Averaging makes sense only of you need to open a very big position, say 500M.
silverbulit, you may start a new thread about averaging and we'll discuss the matter.

3. The deals you posted on our Forum in 3 threads do not match the results you have claimed in the Classified section recently.
I am not a full time moderator on this Forum, so I may have missed something.
If you think somebody else is posting unverifiable past results, you may post your concerns in the appropriate section.

P.S. you may call me "mishak", it's ok

to post # 45201
You may post whatever you like on your web-site. Our Forum has rules about posting past unverifiable results. I've given you the link and the citation to your posts in the Classified section.
You may charge your clients anything, $150 or $5,000 and post your fees in the Classified section.

P.S. sorry I'm late with my response - today is Sunday
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