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- zentrader108 replied Feb 22, 2011
aspirations — I hold the same opinion but the clarity above leaves myself even more convinced!!! What started as a good insightful thread has matured into a complete all round authority on FX. I know you have stated before it has taken you ...
My path to financial freedom
- zentrader108 replied Feb 2, 2011
thanks — Thanks for all your effort thus far - the thread will be a sad loss to my daily reading digest All the best - Bon Chance - this time next year we'll be...... PS took the GBP/CHF - was lready short on the general trend so just added to ...
My path to financial freedom
- zentrader108 replied Feb 1, 2011
yes yes yes — yes I think the R framework is a great way to look at your risk reward and i think if anything it would give you more confidence!!!! There are plenty of people out there picking up quarters (50ps to you and me) in front of steam ...
A contrarian view
- zentrader108 replied Jan 31, 2011
Nice work Gromit!!!! do you ever look at things in terms of Rs?
A contrarian view
- zentrader108 replied Jan 27, 2011
wacky races — I'm short aussie too at almost identical levels and agree it just doesn't look comfortable above parity.... further to the recent resistance we've seen I can almost count the days it's been above parity on both hands.... not a ...
My path to financial freedom
- zentrader108 replied Jan 27, 2011
Well I've always been a fan of the amusing duo.... I don't subscribe to the idea that the market is a zero sum game but in answer to your question it is an empirical fact that most traders loose money. Which is one of the reasons I think, like you, ...
A contrarian view
- zentrader108 replied Jan 27, 2011
wallace — Uncle, love the title of of your thread.... from one contrarian to another would you care to explain how you define your trades as contrarian. Also if you are short nzd/usd and aud/nzd at the same time you're essentially making it an ...
A contrarian view
- zentrader108 replied Jan 18, 2011
I think there typo in LJs ucad trade and his entry was actually 98.54. Even the best traders have fat fingers!!! However R just refers to the risk reward ratio. In the trade above entry @ 98.54 with a stop @98.30 mean 24pips are risked, exiting at ...
My path to financial freedom
- zentrader108 replied Jan 16, 2011
and where would the fun be..... I'm starting out full time - I have an account size where I need 40% annual return to make a living (ambitious but do'able) and about 1 year living expenses. You want pressure to make sure you're disciplined but not ...
My path to financial freedom
- zentrader108 replied Jan 11, 2011
Welcome back lj - In my year end analysis I also think I need to hold the positions longer. Was long Oil, Silver and Copper last year and while I took big Rs they could have been 20/30 Rs..... if only one comes in it's enough to make your year!!!! ...
My path to financial freedom
- zentrader108 replied Nov 22, 2010
FX is not a zero sum game — I've seen this debated quite a bit. I have a book by Michael Covel which argues FX is a zero sum game but equally I know George Soros is of the opinion it's not. I think the later is more of an authority on the ...
Are 48% of oandas accounts profitable?
- zentrader108 replied Nov 16, 2010
hats off — hats off that was some fine trading even if a small R reward. I'm still hanging in there.... it doesn't feel like it's moving right but a plan is a plan and when in a trade your judgment can become impaired so if in doubt stick with ...
My path to financial freedom
- zentrader108 replied Nov 16, 2010
Yes you are preaching to the converted. Trading is first and foremost a challenge for the mind. I have a lot of structure in my in my trading which manifests in a big kick ass spreadie. I also have a business plan which although currently not going ...
My path to financial freedom
- zentrader108 replied Nov 16, 2010
Thankfully putting some of my silver against euros and the basket (DXZ) has made this trade less painful. I also have some shorts on US 10yr which has found some recent correlation so there has been no impact on my bottom line. Here are three of the ...
My path to financial freedom
- zentrader108 replied Nov 15, 2010
thanks for the look — And that’s why I like your blog.... I hadn’t even seen the weekly pinbar – as I said I am a fundamentalist first but charting is the best prescription to have in your glasses. I have to say while initially it moved nicely ...
My path to financial freedom
- zentrader108 replied Nov 14, 2010
giving back some silver — Hi Mark, Firstly please let me introduce myself. I’m a fellow Brit but am now living in Australia. I recently resigned from an investment bank to trade prop on my personal account. While I wouldn’t really say I’m a FF ...
My path to financial freedom
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