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-   -   No Free Lunch but all the Free Coffee you can drink (https://www.forexfactory.com/thread/56907-no-free-lunch-but-all-the-free-coffee)

Bemac May 24, 2008 8:39pm | Post# 341

A very big thank you, Peter,..
in keeping with the spirit of this thread. Regards,
K.
Hey Kermut. The progression Link from this little thread is awesome & I have a small glow in me that suggests I created the spark. {yeah right, I built a stage and a phenom decided to participate}
Thank you for considering the Heart of This Thread and condensing your post.

Seriously; It's about +pips and I think we done did that. Not just me, but the others that asked the right questions.

kermut May 24, 2008 10:33pm | Post# 342

Hey Kermut. The progression Link from this little thread is awesome & I have a small glow in me that suggests I created the spark. {yeah right, I built a stage and a phenom decided to participate}
Thank you for considering the Heart of This Thread and condensing your post.

Seriously; It's about +pips and I think we done did that. Not just me, but the others that asked the right questions.
Hi Bemac,

I think you are justified in your glow. Bask in it all you can mate.

The progression thread is an excellent thread without a doubt. Lots of good contributions. And I am glad that Peter is still contributing.

I agree that it is about positive pips, but you provided the platform for Peter and others to come together. And oh, based on that, a big thank you to the FF team for providing us the forum on which we can get all these great people togetherhttp://www.forexfactory.com/images/icons/icon14.gif

Regards,
K.

OPeyemi Ojo May 25, 2008 3:35am | Post# 343

VIEW ABOUT GBP/USD
 
Can you redict what is going to happen with GBP/USD by monday, pls i need you opinion and your surgestion on it open to hear from you as soon as posible

OPeyemi Ojo May 25, 2008 3:48am | Post# 344

WHAT DO YOU Surgest
 
How may pip is good to take per day and the risk too i need need your response asap.

luxinterior May 25, 2008 4:32am | Post# 345

I see somebody having a VERY short life on FF

Lux

MPP May 25, 2008 6:11am | Post# 346

I see somebody having a VERY short life on FF

Lux
No Kidding

MPP May 25, 2008 6:17am | Post# 347

How may pip is good to take per day and the risk too i need need your response asap.
Can i suggest that you turn down the colour scheme, open a demo account, calm down and read the threads from the begining, you will find risk/money management methods all over this forum.

find a system - DIBS is great so start there, trade very small - but most important is to read, read, read and read again.

Ask the right questions and you will be provided the answers, fail to read the thread will result in you being ignored.

If your trading live and losing on GU, close it down - take the hit, re-evaluate your method, open a demo and learn how to trade before you are wiped out

Forex is here for a very long time - this is not a gold rush.

aud May 25, 2008 7:34am | Post# 348

I see somebody having a VERY short life on FF
Lux
You will have to speak up I can't hear you.

aediaz1 May 25, 2008 10:55am | Post# 349

Drawing Containment Lines;
Man, this is so Arbitrary But I Prefer;
High to High & Low to Low...

Some will use Close To Close & that's ok.

As I said before; Flags Hang on Poles. No Pole= No Flag;
Read the First Post; It's about People; Not Scientific Indicators.
So, The Nuts of a Flag;

Price Runs {Up} Rapidly in a few Bars: {Bulls Have Control}
Price Stalls & actually appears to Recede:{Bears Interjecct But Can't Turn the Market}
Bulls Overwhem Bears & Run The Market...

I intimated this previously but here is the explanation.
BULLS in Power;l
BEARS on Defence;
Bear Influence has Little Effect; Causes drag down Lower Lows But Minimal;

Playing the Setup
Only considering Bull Flags {Rapid Run Up & Slow Retrace}
The "Flag" has Boundary Lines Similar to a Channel.
Watch for this Break {Market Decision} & Play it with Tight SL.
Bull Flag has Sank from Peak.

First SL =Peak. {Top of Pole}

2nd SL = Same Distance Flag Sank From Peak Above Upper Flag Line. Watch for Hesitation @ Previous Peak.

Uhh.. was going pretty good there but the end got a little intense. Does anyone need further clarification?
This post was meant for Bemac, just forgot to quote him

billflet May 25, 2008 10:58am | Post# 350

Can you redict what is going to happen with GBP/USD by monday, pls i need you opinion and your surgestion on it open to hear from you as soon as posible
I believe it will either go up or it will go down. If it's gonna go up buy it. If it's gonna go down sell.

Your other question: Take all the pips you can and risk as little as possible.

Don't make this harder than it is.

And BTW, this is the wrong thread/forum/site for these questions.

HouseTrader May 25, 2008 5:24pm | Post# 351

I believe it will either go up or it will go down. If it's gonna go up buy it. If it's gonna go down sell.

Your other question: Take all the pips you can and risk as little as possible.

Don't make this harder than it is.

And BTW, this is the wrong thread/forum/site for these questions.


Absolutely true!

giraia_br May 26, 2008 3:58pm | Post# 352

750% year only to BE?

i got this wrong?

this is on TRT blog:


"And think about this!!! Oanda FXTrade, one firm I use; has a spread cost calculator that you can use to find your trading profile and cost of doing business. With a 3 pip (tick) spread on your preferred market, with a $10K trading account, 50:1 leverage, and only trading twice a day, it calculates your trading costs at $75K a year. If you are able to trade half of a 12 pip swing--when you win you will barely get a couple of pips, and when you fail, you will lose all your variation plus at least 3 pips spread at a time."

http://www.infiniteyield.com/

NowAndLater May 26, 2008 4:08pm | Post# 353

I read that too and did some quick calculations and found that strange as well. With a 10k account and 50:1 leverage could you really enter more than 1 standard lot per trade without risking too much? I dont think so, so 1lot per trade, 2 trades per day, 3 pips spread, and 250 trading days a year gives about $10/pip*3pip*2days*250days/year = $15k/year. Even if I personally think that 1lot is way too much for a 10k account with only 50:1 leverage, so the cost should be even less...

Kenz987 May 26, 2008 8:17pm | Post# 354

To Moderator
 
Please move this thread to the appropriate forum - it is definitely way beyond rookie class.

HouseTrader May 26, 2008 8:44pm | Post# 355

750% year only to BE?

i got this wrong?
I read it too and it sounds quite strange... 75K in costs for a 10K account just in spread? I guess NowAndLater calculations are closer to reality...

mrgreen May 26, 2008 9:55pm | Post# 356

Here is the link to the Oanda spread calculator:
http://fxtrade.oanda.com/tools/fxcal...lculator.shtml

The confusion may be in how the answer is derived.

The math is explained at:

http://fxtrade.oanda.com/tools/fxcal...ost_help.shtml

Bemac May 26, 2008 11:11pm | Post# 357

Please move this thread to the appropriate forum - it is definitely way beyond rookie class.
SHhhhh..., we like it nice & quite in here. Welcome aboard Ken.

HouseTrader May 27, 2008 4:30am | Post# 358

Here is the link to the Oanda spread calculator:
http://fxtrade.oanda.com/tools/fxcal...lculator.shtml

The confusion may be in how the answer is derived.

The math is explained at:

http://fxtrade.oanda.com/tools/fxcal...ost_help.shtml
Now I see...

I guess all the confusion vanished when I took into the math and see which factors are there. One of the most important is leverage, which is obviously considered, if I understood it right, the true leverage used in the deal... cause it affects directly the annual trading volume.

Correct me if I'm wrong, please...

Thanks, MrGreen

HT

giraia_br May 27, 2008 9:05am | Post# 359

Here is the link to the Oanda spread calculator:
http://fxtrade.oanda.com/tools/fxcal...lculator.shtml

The confusion may be in how the answer is derived.

The math is explained at:

http://fxtrade.oanda.com/tools/fxcal...ost_help.shtml
thanks.

Pipfetcher May 28, 2008 6:36am | Post# 360

BemacQuote:
Originally Posted by Kenz987 http://www.forexfactory.com/images/buttons/viewpost.gif
Please move this thread to the appropriate forum - it is definitely way beyond rookie class.

SHhhhh..., we like it nice & quite in here. Welcome aboard Ken.




LOL

Great thread Bemac.Thanx for starting it and a very big thank you to Mr Crowns for his amazingly insightful input.

I have been lurking around for a long time without posting and came upon this thread by mere chance and i must say that i am dumbstruck by the amount of usefull information that i have found here.If someone as wise as Peter Crowns shared his thoughts with me earlier in my trading career i might not have busted as many trading accounts.

Does anybody have any input with regards to the amount of capital you can put at risk with this strategy on any single trade.I have always believed that no more than 2.5% of your capital should be at risk on any 1 trade and I would just like to know if you guys find this to be true with this strategy also as i have not proparly backtested it so far.

Tx


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