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USD/JPY Discussion

  • #3,761
  • Aug 21, 2007 10:41pm Aug 21, 2007 10:41pm
i prefer to trade smaller lots and go unnoticed.

with 100k USD and trading at 100pips per day for 20 days and just 15 contracts.

my risk is small but i'm making 30k a month.
thats under 400k a year and you are not big enough to get targetted..
  • #3,762
  • Aug 21, 2007 10:43pm Aug 21, 2007 10:43pm
Quoting watermoon
If you open an account at Oanda for example, you can by units instead of lots.
And if you compound everyday just for 1 month at a leverage of 50:1 with an initial deposit of $1000.
After only 20 days of trading at 150 pips each day.
This is what happen.
$1,601.702
$2,565.443
$4,109.064
$6,581.485
$10,541.556
$16,884.397
$27,043.718
$43,315.889
$69,379.0010
$101,514.0811
$162,594.9912
$260,428.2213
$417,127.6014
$668,112.8215
$1,070,115.5816
$1,714,002.9617
$2,745,316.6818
$4,397,170.7519
$7,042,943.6220
$11,280,675.15

Are you making millions each month?
how old are you?

I would guess 16...Am I right?
  • #3,763
  • Aug 21, 2007 10:45pm Aug 21, 2007 10:45pm
Quoting kreeper_6
how old are you?

I would guess 16...Am I right?
Good guess, 17
  • #3,764
  • Aug 21, 2007 10:47pm Aug 21, 2007 10:47pm
Quoting watermoon
Good guess, 17
  • #3,765
  • Aug 21, 2007 10:52pm Aug 21, 2007 10:52pm
Quoting kreeper_6
LOL, do you think I am too young for this market?
  • #3,766
  • Aug 21, 2007 11:00pm Aug 21, 2007 11:00pm
whats new? people looks not want go up.
  • #3,767
  • Aug 21, 2007 11:00pm Aug 21, 2007 11:00pm
I am not doing bad you know, I am very discipline.
I trade only on usd/jpy because of the daily range.
I make 3 trades per day 15 pips each.
I open an account with $100 in July and now it is over $6000, this is because I can't win every trade.
  • #3,768
  • Aug 21, 2007 11:03pm Aug 21, 2007 11:03pm
My target is 114.14, hope it will go down.
Bought at 114.29
  • #3,769
  • Aug 21, 2007 11:06pm Aug 21, 2007 11:06pm
U use stops ?
  • #3,770
  • Aug 21, 2007 11:07pm Aug 21, 2007 11:07pm
Quoting kariunas13
U use stops ?
Always 20 pips because I play with 50:1 leverage
  • #3,771
  • Aug 21, 2007 11:09pm Aug 21, 2007 11:09pm
watermoon, what % of your account do you trade?
  • #3,772
  • Aug 21, 2007 11:10pm Aug 21, 2007 11:10pm
Quoting Mrpipmaster
watermoon, what % of your account do you trade?
9 %
All my decisions are base on Bollinger bands after looking at all the timeframes
  • #3,773
  • Aug 21, 2007 11:14pm Aug 21, 2007 11:14pm
I think there will be an explosion soon because the bands are narrowing on 15 min chart.
  • #3,774
  • Aug 21, 2007 11:14pm Aug 21, 2007 11:14pm
I'm sorry, this is hilarious, can i divert from the thread a little.
are there age regulations for opening up an account and trading?
  • #3,775
  • Aug 21, 2007 11:17pm Aug 21, 2007 11:17pm
Maybe, but my dad open it for me
  • #3,776
  • Aug 21, 2007 11:20pm Aug 21, 2007 11:20pm
good job there.. watermelon
with a 1:100 leverage, i'm way off your trades.. lol.. for the last 2 months i don't think i made 6000%

l
  • #3,777
  • Edited 11:32pm Aug 21, 2007 11:21pm | Edited 11:32pm
Quoting watermoon
I am not doing bad you know, I am very discipline.
I trade only on usd/jpy because of the daily range.
I make 3 trades per day 15 pips each.
I open an account with $100 in July and now it is over $6000, this is because I can't win every trade.
There is something wrong with that.....

If you was to compound that every trade and without any loses at a 20% risk it would take you exactly 23 trading days which come out to 4.6 weeks to make $6,000. And that is with a beginning account of $250.00..... So tell me more since we are still in August.
The Dove - Forex Trainer
  • #3,778
  • Aug 21, 2007 11:23pm Aug 21, 2007 11:23pm
Quoting leachimeewg
good job there.. watermelon
with a 1:100 leverage, i'm way off your trades.. lol.. for the last 2 months i don't think i made 6000%

l


yea, watermoon, we listenin. tell us more por favor!
  • #3,779
  • Aug 21, 2007 11:31pm Aug 21, 2007 11:31pm
Quoting dove_alliance
There is something wrong that.....

If you was to compound that every trade and without any loses at a 20% risk it would take you exactly 23 trading days which come out to 4.6 weeks to make $6,000. And that is with a beginning account of $250.00..... So tell me more since we are still in August.
just to add, 9% of $100 isn't enough to buy a mini lot... i think he meant $1000...
  • #3,780
  • Aug 21, 2007 11:33pm Aug 21, 2007 11:33pm
The account was open at the begining of July with $100.
3 trades/day 15 pips each
20 pips of stop loss (this represent 9% of my capital)
the potential for 20 days was $3330.50
But I didn't won every trade and I finished July with a capital of $1651
Now we are at the end of august and my capital is over $6000
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