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trading systems vs account size

  • #101
  • Aug 13, 2007 7:44am Aug 13, 2007 7:44am
Quoting boxingislife
all i gotta say is if u make more than 2200 pips then man thats awesome
i wish i can make that much but i dont. but hey someone making more than 2200 pips like urself spending time on a forex forum now thats gotta be one boring life ur living especially when ur not here to help like most people and just tryin to pick arguments

yes while my profits run (by the way i am 120 pips good so far on gbp/usd today at $20 per pip).....i spend some time on here laughing at all the mini account traders dreaming of the fortunes they are gonna make...

trust me i dont need to show u my statement nor does anybody else. my usdcad call is enough to show the potential profit of one single trade. u wanted proof a system works? well i gave u proof.
ok i am waiting for ur proof...

its really sad all ur doing is trying to be a funny smartass with ur wannabe smooth reply lines

oh i have helped a few traders on here...

of course im impressed. but im more impressed in ur 2200 pips in 13 days minus a few days of weekends. man u must have picked every top and bottom on every pair
picking tops and bottoms are for wanna be traders...

loooooooooooooooooool go buy that ferrari and drive around pick up some women coz if im making 2200 pips id do just that. i wouldnt come here and try to make fun of people

sorry i already drive the porche...not a ferrari fan...too much effort getting the gear stick in position...but that u wudnt know as u have never driven a ferrari right? oh and i dont need to pick up women cause my wife is as sexy as u have ever seen....
maybe if u stop being a smart ass i might help you...
  • #102
  • Aug 13, 2007 10:08am Aug 13, 2007 10:08am
i sold at 2.0220 closed at 0095

alright then, i cant turn down an offer to help
feel free to pm me
  • #103
  • Aug 13, 2007 10:21am Aug 13, 2007 10:21am
Quoting boxingislife
i sold at 2.0220 closed at 0095

alright then, i cant turn down an offer to help
feel free to pm me
Ok here we go for today.....
gbp/usd has formed a downward channel which has identified a few key levels. I remain bearish on gbp/usd and will only look for selling opportunities. For today Cable may try to push higher before selling off again. On the upside Cable may reach 2.0275/85 which is where the trend line and the 50% Fibonacci retracement of the recent down move meet. Short positions can be taken at 2.0280 with stops outside the channel at 2.0310 and targets of 2.0160 and 1.9990. If Cable moves down from the London open short positions can be taken below the daily pivot point at 2.0215. If those trades are missed then wait for a break of the low at 2.0160 for a new short entry for a test of 1.9990. GBP PPI Input figures will be announced at 10:30am which is a high impact event and well as the US Core Retail Sales data at 14:30


Euro is making ground slowly to lower regions. There is a small base in place at 1.3624 that will need to give way to allow for further downside targets to be reached. Euro may continue to bounce in the early London session. Use the bounce as an opportunity to initiate short positions close to pivot points or resistance levels. A short position just below the pivot point at 1.3719 should be safe with a stop above 1.3736 for a test of the base at 1.3624. If the opportunity to sell high is missed then wait for a break below 1.3620 before going short for a test of 1.3355 which is the 50% Fibonacci retracement level. US Core Retails Sales data will be announced at 14:30 which is a high impact news event so be ready.
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  • #104
  • Aug 13, 2007 10:39am Aug 13, 2007 10:39am
nice analysis

my target for gbpusd is 2.0050
ill be selling here and anywhere above 2.0150

so ur analysis was for today. does the 1.9990 still apply for tomorrow since it broke 160 and is now a dozen pips under it?
  • #105
  • Aug 13, 2007 12:44pm Aug 13, 2007 12:44pm
I can only speak for myself. I begun with 14000 dollars. I trade only 2 pairs. I use 2 standard lots for a trade, at any given time I can have up to 4 standard lots on the table. I look to make only 300-1000 dollars per day. On the average I make 1500-3000 dollars a week. I only trade 4 hours per day, I take care of my son so I do not have the time nor the will to sit 8-10 hours and trade. I make a steady living. I do not gamble nor look to make a lot of money. I make a bad trade every once in a while but on the average I make 13 winning trades and one bad. I apply tight SL as well as TP. My r/r is constantly 2:1. I now have an account of about 53780 dollars. Find a reason to trade this will keep your feet on the ground, to me it is my son and having the time to see him grow and learn.
  • #106
  • Aug 13, 2007 12:55pm Aug 13, 2007 12:55pm
Quoting boxingislife
nice analysis

my target for gbpusd is 2.0050
ill be selling here and anywhere above 2.0150

so ur analysis was for today. does the 1.9990 still apply for tomorrow since it broke 160 and is now a dozen pips under it?
yes 1.9990 is still valid...it is the 76.4 fib retracement of the upmove that started aroubd 8 june....a very strong support level for gbp/usd...and the the fib level that gbp/usd bounces off most often...once it hits 1.9990 i am looking for a sharp up move...testing the 2.0300, 2.0400 and 2.0500 levels again....
  • #107
  • Aug 13, 2007 5:48pm Aug 13, 2007 5:48pm
ummmmm, so if $1 starting size sounds like a joke then lets track an account started this Monday with just $1

Summary: Deposit/Withdrawal: 100.00 Credit Facility: 0.00 Closed Trade P/L: 320.33 Floating P/L: 0.00 Margin: 0.00 Balance: 420.33 Equity: 420.33 Free Margin: 420.33

The account balance in shown in cents till the level of $200 when the account converts to a standard account from micro.

I use the MT4 publisher to ftp the report to my webspace automatically.
  • #108
  • Aug 14, 2007 2:34am Aug 14, 2007 2:34am
Quoting forexlion
ummmmm, so if $1 starting size sounds like a joke then lets track an account started this Monday with just $1

Summary: Deposit/Withdrawal: 100.00 Credit Facility: 0.00 Closed Trade P/L: 320.33 Floating P/L: 0.00 Margin: 0.00 Balance: 420.33 Equity: 420.33 Free Margin: 420.33

The account balance in shown in cents till the level of $200 when the account converts to a standard account from micro.

I use the MT4 publisher to ftp the report to my webspace automatically.
wow well done son u made a whole $4.....keep up the good work...soon u will be printing money.....lol
  • #109
  • Last Post: Aug 14, 2007 2:37am Aug 14, 2007 2:37am
ok let's see what this day has in stock for us.....

Eur/$: Euro was extremely predictable yesterday. I hope it continue the bearish theme for the rest of today as well. Euro found support at the 1.3624 base but eventually managed to edge slightly lower and currently trades at 1.3614. There are some previous lows offering support at 1.3600/02. I would like to see Euro move up to the daily pivot point at 1.3639. Short positions can be taken at 1.3634 with stops outside the channel at 1.3660 and targets of 1.3600, 1.3570, 1.3533 and ultimately the 61.8% Fibonacci level at 1.3490. If Euro breaks through the upper resistance channel then it will cancel any short positions, however no long position should be taken. Do your best to lock in some profits before 14:30pm as US PPI and Trade Balance figures hit the wires

GBP/$: Cable also remained bearish and carried out the plan to perfection. I expect Cable to reach our final downside target today. Look for a push up to the daily pivot point at 2.0151. Watch the volumes to make sure that they are falling as the prices approach the pivot point to indicate that the pivot point will hold. Short positions can be taken at 2.0146 with stops above 2.0168 and targets of 2.0045 and 1.9990. Only a break above the resistance and daily pivot point would cancel any short positions. There is GBP CPI data to be released at 10:30am to keep this time in mind as well as the release of the US Data at 14:30pm.
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