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  • #1,124,761
  • Jul 25, 2017 1:53am Jul 25, 2017 1:53am
Quoting 5astelija
{quote} at 6m9s: "market went crazy so we raced home" "Jeff opened a trade on his phone" Doesn't seem very solid trading to me I bet his money came from his clients, not the market itself.
Lol but you have to admit it was very exciting to watch an shows what you can achieve as retail trader. Lol when he rushed up that was funny lol.
  • #1,124,762
  • Jul 25, 2017 2:11am Jul 25, 2017 2:11am
Quoting jasonowl
Using EMAs. 233 Fibo number on the long term moving average. Has to test 1.1750 on the Weekly Chart. That could be the Temp high before moving down. {image}
why not 233 sma ? that would give 1.1991.
I can.I will. End of story.
  • #1,124,763
  • Jul 25, 2017 2:12am Jul 25, 2017 2:12am
flagish
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 38 KB
Look Sharp/Trade Tight
  • #1,124,764
  • Jul 25, 2017 2:13am Jul 25, 2017 2:13am
short @51 risk 22 pips
trading is simple but is simple is not easy.
  • #1,124,765
  • Jul 25, 2017 2:41am Jul 25, 2017 2:41am
Quoting dweb
Sold 1.16572 expecting a 20 pip drop
squeeze me...
Attached Image
We err, and err, and err again, but less.
  • #1,124,766
  • Jul 25, 2017 2:41am Jul 25, 2017 2:41am
I've started shorting E/U and will keep adding until 1.1770.

I'm looking for a retest of 1.1318
Why sell the bottoms when you can buy the tops...
  • #1,124,767
  • Jul 25, 2017 2:45am Jul 25, 2017 2:45am
Quoting Samson85
{quote} Lol but you have to admit it was very exciting to watch an shows what you can achieve as retail trader. Lol when he rushed up that was funny lol.
FXViper only nets around 10-20% a month(although he manages MAMMs so I'm unsure of his slippage and lag-time). He usually doesn't lose money so he's better than most but he isn't particularly impressive. Anyone can do that by focusing on one pair and with a little understanding of fundamentals and market experience. 10-20% a week is what's achievable as a retail trader. He has the benefit of managing other people's funds so he can focus on the market without having to work another job or really concern himself with how high his returns are; his clients only care that he's giving them a better return than they can find elsewhere for no real effort on their part.

I would say 10-20% a day is reasonably achievable as a retail trader but I've never been able to sustain those returns for more than a few weeks at a time; I always start to foul up my mojo. So I'd presume those consistent returns are restricted to algorithmic traders with a dialed in system.
"The fun is in the hunt. Not the kill."
  • #1,124,768
  • Jul 25, 2017 2:52am Jul 25, 2017 2:52am
Quoting Redeflect
{quote} FXViper only nets around 10-20% a month(although he manages MAMMs so I'm unsure of his slippage and lag-time). He usually doesn't lose money so he's better than most but he isn't particularly impressive. Anyone can do that by focusing on one pair and with a little understanding of fundamentals and market experience. 10-20% a week is what's achievable as a retail trader. I would say 10-20% a day but I've never been able to sustain those returns for more than a few weeks at a time; I always start to foul up my mojo.
my target is simple , atleast 25 pips a day and it has to be6 green , i do not bother about percentage
  • #1,124,769
  • Jul 25, 2017 2:56am Jul 25, 2017 2:56am
Quoting Redeflect
{quote} FXViper only nets around 10-20% a month(although he manages MAMMs so I'm unsure of his slippage and lag-time). He usually doesn't lose money so he's better than most but he isn't particularly impressive. Anyone can do that by focusing on one pair and with a little understanding of fundamentals and market experience. 10-20% a week is what's achievable as a retail trader. He has the benefit of managing other people's funds so he can focus on the market without having to work another job or really concern himself with how high his returns are;...
10-20% a month when it involves millions is more than impressive. The higher the money in the account the less return you should expect per month.

With 1m 10% is 100k, with 10k a 100%/m is 10k, second is easier achievable than 20% on a 1m account due to reduced leverage, size limitations, slippage etc.
  • #1,124,770
  • Jul 25, 2017 2:57am Jul 25, 2017 2:57am
Quoting Redeflect
{quote} FXViper only nets around 10-20% a month(although he manages MAMMs so I'm unsure of his slippage and lag-time). He usually doesn't lose money so he's better than most but he isn't particularly impressive. Anyone can do that by focusing on one pair and with a little understanding of fundamentals and market experience. 10-20% a week is what's achievable as a retail trader. He has the benefit of managing other people's funds so he can focus on the market without having to work another job or really concern himself with how high his returns are;...
From what you said, he did a good job with high return, is that what every trader aim in Forex?
  • #1,124,771
  • Jul 25, 2017 2:57am Jul 25, 2017 2:57am
Quoting sakisf
{quote} 10-20% a month when it involves millions is more than impressive. The higher the money in the account the less return you should expect per month. With 1m 10% is 100k, with 10k a 100%/m is 10k, second is easier achievable than 20% on a 1m account due to reduced leverage, size limitations, slippage etc.

Depends how many brokers you're using and how many pairs you're trading.
"The fun is in the hunt. Not the kill."
  • #1,124,772
  • Jul 25, 2017 3:07am Jul 25, 2017 3:07am
Quoting hoangforex
{quote} From what you said, he did a good job with high return, is that what every trader aim in Forex?
Every trader has their own objectives... Some want to get rich and others enjoy playing the game. Usually; the ones to get rich are the ones that enjoy playing not the ones that aim for a certain return. But if you want to start by aiming for a consistent 1% a day and go from a single paycheck to millionaire-status within a few years it's more than achievable for an average trader if you put the time in.
"The fun is in the hunt. Not the kill."
  • #1,124,773
  • Jul 25, 2017 3:09am Jul 25, 2017 3:09am
Quoting sakisf
{quote} 10-20% a month when it involves millions is more than impressive. The higher the money in the account the less return you should expect per month. With 1m 10% is 100k, with 10k a 100%/m is 10k, second is easier achievable than 20% on a 1m account due to reduced leverage, size limitations, slippage etc.
Took the words right out of my mouth, met a bloke in Central London makes only 7%, he drives a Bentley all paid for through managing his family's wealth trading EJ and GJ.
Read in between the price!!!
  • #1,124,774
  • Jul 25, 2017 3:09am Jul 25, 2017 3:09am
Quoting yanitsa
Bought Gold 1257 Stop 1252.50 target 1262 Risking 5 %
Stopped out .
That was nasty move by City Guys !
LOL
  • #1,124,775
  • Jul 25, 2017 3:15am Jul 25, 2017 3:15am
Quoting calebfx
{quote} Took the words right out of my mouth, met a bloke in Central London makes only 7%, he drives a Bentley all paid for through managing his family's wealth trading EJ and GJ.

-Shrug- 2 pairs. I just started trading every pair. So far it's working quite well; I don't have to be quite so patient.
"The fun is in the hunt. Not the kill."
  • #1,124,776
  • Jul 25, 2017 3:15am Jul 25, 2017 3:15am
Wtf was that 20 pip candle
  • #1,124,777
  • Jul 25, 2017 3:16am Jul 25, 2017 3:16am
Quoting Don96
Wtf was that 20 pip candle
German Ifo readings
  • #1,124,778
  • Jul 25, 2017 3:17am Jul 25, 2017 3:17am
Quoting Don96
Wtf was that 20 pip candle

Close of Tokyo. Didn't have much momentum though so I'm guessing we're leaning southward. I also didn't watch it happen so it might've just been German data.
"The fun is in the hunt. Not the kill."
  • #1,124,779
  • Jul 25, 2017 3:22am Jul 25, 2017 3:22am
Quoting Don96
Wtf was that 20 pip candle
trader don, are you complaining or happy you are with that 20pip candle?
I can.I will. End of story.
  • #1,124,780
  • Jul 25, 2017 3:22am Jul 25, 2017 3:22am
Quoting Redeflect
{quote} Close of Tokyo. Didn't have much momentum though so I'm guessing we're leaning southward. I also didn't watch it happen so it might've just been German data.
It was the German Ifo. I have watched it.
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