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  • #341
  • May 24, 2008 7:39pm May 24, 2008 7:39pm
Quoting kermut
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.
  • #342
  • May 24, 2008 9:33pm May 24, 2008 9:33pm
Quoting Bemac
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.
  • #343
  • May 25, 2008 2:35am May 25, 2008 2:35am
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
  • #344
  • May 25, 2008 2:48am May 25, 2008 2:48am
How may pip is good to take per day and the risk too i need need your response asap.
  • #345
  • May 25, 2008 3:32am May 25, 2008 3:32am
I see somebody having a VERY short life on FF

Lux
MT4 EA, Indicator and Alert Coder Since 2006
  • #346
  • May 25, 2008 5:11am May 25, 2008 5:11am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting luxinterior
I see somebody having a VERY short life on FF

Lux
No Kidding
  • #347
  • May 25, 2008 5:17am May 25, 2008 5:17am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting OPeyemi Ojo
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.
  • #348
  • May 25, 2008 6:34am May 25, 2008 6:34am
Quoting luxinterior
I see somebody having a VERY short life on FF
Lux
You will have to speak up I can't hear you.
Good Trading
  • #349
  • May 25, 2008 9:55am May 25, 2008 9:55am
Quoting Bemac
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
Measure twice, cut once
  • #350
  • May 25, 2008 9:58am May 25, 2008 9:58am
Quoting OPeyemi Ojo
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.
  • #351
  • May 25, 2008 4:24pm May 25, 2008 4:24pm
Quoting billflet
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!
Many share my views with me. But I don't share them with them...
  • #352
  • May 26, 2008 2:58pm May 26, 2008 2:58pm
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/
  • #353
  • May 26, 2008 3:08pm May 26, 2008 3:08pm
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...
  • #354
  • May 26, 2008 7:17pm May 26, 2008 7:17pm
Please move this thread to the appropriate forum - it is definitely way beyond rookie class.
  • #355
  • May 26, 2008 7:44pm May 26, 2008 7:44pm
Quoting giraia_br
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...
Many share my views with me. But I don't share them with them...
  • #356
  • May 26, 2008 8:55pm May 26, 2008 8:55pm
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
In trading, there is no bullshit. You either make money or you don't.
  • #357
  • May 26, 2008 10:11pm May 26, 2008 10:11pm
Quoting Kenz987
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.
  • #358
  • May 27, 2008 3:30am May 27, 2008 3:30am
Quoting mrgreen
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
Many share my views with me. But I don't share them with them...
  • #359
  • May 27, 2008 8:05am May 27, 2008 8:05am
Quoting mrgreen
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.
  • #360
  • May 28, 2008 5:36am May 28, 2008 5:36am
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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