It already went and a great deal .....thanks for your contribution mystic...
Automated trading: $200 to $100K in 1 year 27 replies
friend wants to leave 100k, for 5%, riskless profit. 35 replies
Turning $250 into $100K in one year??? 11 replies
Dislikedmysticgenie, Thanks for your efforts in thsi great thread but i still can't get how you get your look for the next week biase for each currency specially that the COT report is delayed..so to end the confusion why don't you attache a COT report and the link that you get it from and show us with arrows where are the numbers exactly that should be added or subtracted to end up with a number and you can say that if this number is growing or if its bigger than what ever then the next week should be bullish or bearish for this currency..sorry if this is too much to ask but i wouldn't ask it if i didn't see alot of potential in this method..thanks in advanceIgnored
Dislikedaccording to the COT do we expect a reversal in NZD for the week ahead ? Open intrest positions are in the very extremes, also this week the NZD/ USD weakened strongly... when i looked at the report i immediately compared it to your example of december's NZD report and looks like identical to it ...any comments ?
PS. What do you suggest for the following week ? (i'd like to compare it to my COT amateur analysis )
thanks a lot.Ignored
Dislikedok this makes me confused....how do you see the AUD bullish and NZD bearish ? the NZD report looks very similar to the COT report on 18 dec 2007 and then you suggested a reversal with happened exactly...even the price action is similar...NZD has weakened and COT open intrest is in the extremes... thanks for any comment...
PS. do i understand correctly that we must take opposite position compared to non-commercial ? thanksIgnored
DislikedTake a look at this.
It is free for the charts and the same reports from the gov. The data and graphs make it easy to see.
commitmentoftraders dot com/charts.htm
Use a ms windows browser does not look good on firefox.
Also more cot education here.
investopedia dot com/articles/forex/05/COTreport.aspIgnored
DislikedHi Folks,
It may sound impossible, but I turned 1k usd to more than 100k usd (126k to be precise) in a wk---I am attaching the statement from my real account (after removing the account no. et al.)--Caution to newbies, please do not trade this way---I call my this account 'wild thing' which boosts my overall return---I trade another account conservatively as per proper MM---Btw, I did the almost the same thing last mth as well turning 400 usd to 60k within 2 wks---with some experience in forex trading & a decent trading system, I believe, this feat achievable atleast few time a yr---afterall, I am only risking 1k of my capital (rest is house money).
Next time, I'll discuss how I manage this kind of trading, although the statement is pretty much self explanatory---
GL/GTIgnored