Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

my2013EA, the making of consistently 20% monthly 1 reply

How many real accounts have you blown before consistently making money in FX? 61 replies

Can I make 40% per month consistently 193 replies

Can Maximum Profits be Consistently Attained? 38 replies

Is it possible to consistently win at Forex trading? 12 replies

Attachments: 100% Monthly consistently
Exit Attachments

100% Monthly consistently

Quoting Islander
LOL - another urban myth - the share price dropped from ~190 to ~160 so around a 16% fall.......so perhaps the TOTAL value of ALL of the Puts written incresed by $2m......but not each single one....assuming that you are talking about an Exchange traded product. Now for a "exotic" - that's a different ball game....http://cdn.forexfactory.com/images/icons/icon12.gif

I understand the main idea behind options but I have never bothered to learn the ins and outs and the language to trade them. Forex was always much easier and fun. I'm sure with time I'll get into options as well.

R
Quote
(Reuters) - Canada said on Sunday it expected a 45 billion euro ($60.49 billion) rescue package for Greece to grow in size as doubts emerged over whether the joint EU-IMF aid would be enough to avert a default............................

http://www.reuters.com/article/idUST...edName=topNews

I guess I'm going to be shorting some more EU today
Just came across this thread that I have a feeling fits nicely into my approach.

http://www.forexfactory.com/showthread.php?t=217281

I'm going to start reading it today, should be a nice refresher and possibly some new ideas to use to enhance my approach.


R
Quoting robertw
Just came across this thread that I have a feeling fits nicely into my approach.

http://www.forexfactory.com/showthread.php?t=217281

I'm going to start reading it today, should be a nice refresher and possibly some new ideas to use to enhance my approach.


R
Defintely looks interesting...will add it to my wekeend reading list
that's why I wanted you to "check it out"...and maybe it could help?
your thread is an awesome inspiration for alot of us here in the Factory.

1. shoot for the stars...goals.
2. can do attitude.
3. pull the trigger...make it happen
4. show all the results.

: )
Quoting Twiitch
that's why I wanted you to "check it out"...and maybe it could help?
your thread is an awesome inspiration for alot of us here in the Factory.

1. shoot for the stars...goals.
2. can do attitude.
3. pull the trigger...make it happen
4. show all the results.

: )


Now you made me blush

I have learned a lot here from much better traders then me so if I can give back to community in any way it will give me much pleasure.

I am a slow learner but I'll study your charts and I'm sure I'll learn something - there is always something to be learned.

R
a good friend just sent this to me.

it's funny...
Attached Image (click to enlarge)
Click to Enlarge Name: image001.png Size: 28 KB
I was laughing for about half an hour and then crying for about an hour.
So funny and so true.


R
I just re-read my first post and it looks like I have strayed from one of my goals of exploring set ups publicly. Its probably because I shortened my time frame and the transactions are too fast to keep posting each and every one.

I'm noticing that I'm relying more and more on patterns and less on the other things I mentioned at the begining.

I'll make more effort to post more charts with what I'm looking for on them just for educational purposes rather then for trading. I'll post my bias for some pairs as I see anything interesting happening.

R
Robert - is this something you took or would have taken, in terms of your previous post about a retracement to 31 fib after a decent move?
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 14 KB
Quoting lovejoy80
Robert - is this something you took or would have taken, in terms of your previous post about a retracement to 31 fib after a decent move?

On EU I was bearish all the way down to 1.3200 on the basis that all major new lows/high are retested within a very short period of time.

Actually since my account allows hedging I was doing transactions both ways but I was concentrating on shorts and I was taking long positions on larger drops scalping for 5-10 pips retracements. If you look at my trade history you'll see that some worked and some not but I still came quite a bit ahead on that trade. I closed all my trades for today and will probably start trading again around noon time NY time Wednesday.

April 19- April 27 = 33.25%
That's 9 days including weekend
month =30 days/9=3.3333*33.25=110.83% monthly assuming current pace

Again, its possible however, I'm thinking of slowing down.



R
Quoting robertw
On EU I was bearish all the way down to 1.3200 on the basis that all major new lows/high are retested within a very short period of time.

Actually since my account allows hedging I was doing transactions both ways but I was concentrating on shorts and I was taking long positions on larger drops scalping for 5-10 pips retracements. If you look at my trade history you'll see that some worked and some not but I still came quite a bit ahead on that trade. I closed all my trades for today and will probably start trading again around noon time NY time...
Yeah I looked at your trades (I review them at the end of each day to see if anything I can pikc up / learn) and can see that you were just essentially trading the EU in both directions.

That is good stats, I'm on my way to having a good weekly gain on my new account too.

The difference between us is that I risk a lot less than you but take far more trades, I just dont have the confidence to increase risk as I usually end up getting nervous and cutting the trade too early, I'd much prefer to take less trades like you do.

My big play yesterday was xxx/jpy shorts...with dow @ monthly/weekly resistance and 61 fib and forming a daily pin bar there was only one way xxx/jpy were heading.

Keep up the good work Rob

Just a little tip...

I'm seeing 0.0

Although the common advice is "...move stop to breakeven." I don't follow that advice. It is all about budgeting, I say (metaphor).

"Move the stop 1, 2 or 3 pips and NOT breakeven."

That's an advice you never hear hey!

You spent time and energy... for what!?... 0.0
You deserve 1, 2 or 3 pips when the trade closes. 1-3 pips in a year is a lot. It pays for spread. Stop throwing money away. You deserve it, PAY YOURSELF. That's my million dollar advice for free

Cheers.
great thread you have and great results! i agree with moving stop to +2-3 if it takes you at +2-3 then it more then likely would of taken you out at 0.
Hi Guys thanks for watching my back.

You are correct taking a profit even of One pip never broke an account.
I try to do that whenever possible however, most of the trades in that account are market orders both ways so being that close to BE you never know what you're going to get.

not much action right now - I should step away from the screen but its so damn hard

maybe I should get a full night of sleep today


R
Ok, here we go lets test my theory again
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd93204292010.gif Size: 20 KB
HOMERUN
I haven't posted in a while.

Been busy fighting with the market and unfortunately I lost this battle, BUT the war is not over yet and you can take that to the bank.

Picking myself up and getting back to work.

Most of what I started this thread with still holds true but due to dramatically increased volatility I'm switching to scalping M1 and M5 time frames.

I'm going to target 2% daily or about 30% monthly.
I may be able to pull 100% doing this but it remains to be seen and I won't be pushing myself for it. If it happens anyway it will just be a further proof of what I tried to prove here.

Best quote I heard in a long while:

"When things get this stupid, the smart money buys" - some talking head on TV


R
sounds dangerous.

Quoting robertw
"When things get this stupid, the smart money buys" - some talking head on TV
Quoting tdion
sounds dangerous.
Only for the faint at heart and financial markets are not for those in the first place.


R
0 traders viewing now