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Knowledge is Power

  • #641
  • Jul 15, 2008 9:12pm Jul 15, 2008 9:12pm
Quoting racetrack
Hi Bruce,

I noticed that FX Solutions offers several platforms and doesn't use metatrader. So are you using Accucharts or one of the others? Also, is everyone starting the demo with the same amount of practice funds(does it matter as far as your strategy)?

Thanks.
I deal with Justin Lawrence. He has set up a few demos for posters here with $100,000 US Dollars as he did for mine. It usually comes with $10,000 US Dollars. I am using the Global Trading System Pro but going through Infinity Futures / Pro Edge. They have the Accucharts and I also use the Oanda Game platform charts.

You can use $50,000 US Dollars or $100,000 US Dollars as we NEVER trade more than 25% of the total funds. So on An $ 100,000 US Dollars account we would NEVER have more than 25 Open Positions of $100,000 US Dollars using capital of $25,000 US Dollars.

More on that later !!!


Bruce
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  • #642
  • Jul 15, 2008 9:28pm Jul 15, 2008 9:28pm
Quoting Warren Forex
Is there anyone reading this post that would...

There is no cost to learn other than the investment of your time and effort...
Bruce
Count me in Bruce
  • #643
  • Jul 16, 2008 12:39am Jul 16, 2008 12:39am
OK...Am ready....i am from Cyprus (a beautiful island in the eastern Mediterranean) ...i can trade from the middle of the Japanese session up to last hours of the American session...
so whats our first homework ?
pip and run ....
  • #644
  • Jul 16, 2008 2:02am Jul 16, 2008 2:02am
Count me in.
  • #645
  • Jul 16, 2008 2:36am Jul 16, 2008 2:36am
O'k it is interresting to learn all the time
Count me in
it's o'k to win ...
  • #646
  • Jul 16, 2008 4:18am Jul 16, 2008 4:18am
July 16, 2008 5:11 AM

As promised here is the List Of Serious FX Traders willing to invest their time and effort to learn and improve their FX Trading.

If you want to be included and you do not see your name on the list please add your name.

(1) pipo77

(2) bapho

(3) Rialto

(4) toafdawg

(5) swiftpip

(6) racetrack

(7) AgentFx

(8) leo9

(9) txfx

(10) Tarquin

(11) zenseven

Any errors or those not seeing your name here please correct or add your name here on this post.

I am looking forward to get started.

Good Trading Everyone !!!
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  • #647
  • Jul 16, 2008 4:38am Jul 16, 2008 4:38am
The Title explains my routine as I start a New Day !!!

That is important as you need to be alert and clear thinking.

After I do the above I will return here with my observations of what happened overnight. Since I awoke around 5:00 AM I have been listening to excellent guests speaking on CNBC who see things clearer than the US commentators. I find that refreshing and helpful.

See you all soon.


Bruce
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  • #648
  • Edited 5:00am Jul 16, 2008 4:57am | Edited 5:00am
http://www.actionforex.com/action-in...2008071653013/

The Day Ahead !!!

http://www.actionforex.com/latest-ne...2008071552968/

Snippet:

The big news of the afternoon will be the FOMC minutes from the June 24- 25 meeting, when the Fed held rates steady at 2.00%
All Times in EDT
7:00 US MBA Mortgage Applications 11-July Prior: +7.5%
8:30 CA Manufacturing Shipments (M/M) May Exp: +0.5% Prior: +2.0%
8:30 US Consumer Price Index (M/M) June Exp: +0.7% Prior: +0.6%
8:30 US Real Earnings June (M/M) June Prior: -0.4%
8:30 US CPI Ex Food & Energy (M/M) June Exp: +0.2% Prior: +0.2%
8:30 US Consumer Price Index (Y/Y) June Exp: +4.5% Prior: +4.2%
8:30 US CPI Ex Food & Energy (Y/Y) June Exp: +2.3% Prior: +2.3%
8:30 US CPI Core Index (SA) June Prior: 214.832
8:30 US Consumer Price Index (NSA) June Exp: 217.907 Prior: 216.632
9:00 US Net Long-term TIC Flows May Exp: $70.0B Prior: $115.1B
9:00 US Total Net TIC Flows May Prior: $60.6B
9:15 US Industrial Production June Exp: +0.1% Prior: -0.2%
9:15 US Capacity Utilization June Exp: +79.4% Prior:+ 79.4%
10:00 US Bernanke Gives Semiannual Monetary Policy Testimony at House
10:35 US DOE U.S. Crude Oil Inventories W/E July 11 Exp:-2200K Prior: -5840K
10:35 US DOE U.S. Gasoline Inventories W/E July 11 Exp:-100K Prior: +909K
10:35 US DOE U.S. Distillate Inventory W/E July 11 Exp:+2000K Prior: +1816K
10:35 US DOE U.S. Refinery Utilization W/E July 11 Exp:+0.05% Prior: -0.07%
13:00 US NAHB Housing Market Index July Exp: 18 Prior: 18
14:00 US Fed Releases Minutes, Forecasts from June 24-25 Meeting
14:00 US Fed's Hoenig Speaks in Colorado on U.S. Economy
By Steve Stecyk, [color=#0253b7][email protected][/color] This email address is being protected from spam bots, you need Javascript enabled to view it , edited by Cristina Markham, [color=#0253b7][email protected][/color] This email address is being protected from spam bots, you need Javascript enabled to view it


Bruce


P.S. Please feel free to post your thoughts and comments here. That applies to anyone reading this thread. This is a open sharing informative thread for ALL of us. Thanks ... Now Off for Breakfast !!!

I notice USD/JPY hanging around Bid 104.02 at the moment. No Bias either way as yet though USD/JPY is more going down than up for the moment before US Data out this AM.
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  • #649
  • Jul 16, 2008 5:01am Jul 16, 2008 5:01am
dont forget me!!
Count me IN!!

Quoting Warren Forex
July 16, 2008 5:11 AM

As promised here is the List Of Serious FX Traders willing to invest their time and effort to learn and improve their FX Trading.

If you want to be included and you do not see your name on the list please add your name.

(1) pipo77

(2) bapho

(3) Rialto

(4) toafdawg

(5) swiftpip

(6) racetrack

(7) AgentFx

(8) leo9

(9) txfx

(10) Tarquin

(11) zenseven

Any errors or those not seeing your name here please correct or add your name here on this post.

I am looking forward to get started.

Good Trading Everyone !!!
  • #650
  • Jul 16, 2008 5:04am Jul 16, 2008 5:04am
Quoting naOki
dont forget me!!
Count me IN!!


Quote:
Originally Posted by Warren Forex http://www.forexfactory.com/images/buttons/viewpost.gif
July 16, 2008 5:11 AM

As promised here is the List Of Serious FX Traders willing to invest their time and effort to learn and improve their FX Trading.

If you want to be included and you do not see your name on the list please add your name.

(1) pipo77

(2) bapho

(3) Rialto

(4) toafdawg

(5) swiftpip

(6) racetrack

(7) AgentFx

(8) leo9

(9) txfx

(10) Tarquin

(11) zenseven

(12) naOki

Any errors or those not seeing your name here please correct or add your name here on this post.

I am looking forward to get started.

Good Trading Everyone !!!
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  • #651
  • Jul 16, 2008 5:04am Jul 16, 2008 5:04am
count me in too !!
  • #652
  • Jul 16, 2008 5:04am Jul 16, 2008 5:04am
Quoting Warren Forex
July 16, 2008 5:11 AM

As promised here is the List Of Serious FX Traders willing to invest their time and effort to learn and improve their FX Trading.

If you want to be included and you do not see your name on the list please add your name.

(1) pipo77

(2) bapho

(3) Rialto

(4) toafdawg

(5) swiftpip

(6) racetrack

(7) AgentFx

(8) leo9

(9) txfx

(10) Tarquin

(11) zenseven

(12) John D


Any errors or those not seeing your name here please correct or add your name here on this post.

I am looking forward to get started.

Good Trading Everyone !!!
Thanks!
It's Easy To Get In;.. It's Hard To Get Out
  • #653
  • Jul 16, 2008 5:13am Jul 16, 2008 5:13am
count me in too!!!
How will it work??

sonic
  • #654
  • Jul 16, 2008 5:17am Jul 16, 2008 5:17am
Quoting Warren Forex
July 16, 2008 5:11 AM

As promised here is the List Of Serious FX Traders willing to invest their time and effort to learn and improve their FX Trading.

If you want to be included and you do not see your name on the list please add your name.

(1) pipo77

(2) bapho

(3) Rialto

(4) toafdawg

(5) swiftpip

(6) racetrack

(7) AgentFx

(8) leo9

(9) txfx

(10) Tarquin

(11) zenseven

Any errors or those not seeing your name here please correct or add your name here on this post.

I am looking forward to get started.

Good Trading Everyone !!!
What is the purpose of the list? Is there some off-site gathering or communication that is to take place?
  • #655
  • Jul 16, 2008 5:38am Jul 16, 2008 5:38am
I'm interested. Count me in!
  • #656
  • Jul 16, 2008 5:50am Jul 16, 2008 5:50am
Quote:
Originally Posted by Warren Forex http://www.forexfactory.com/images/buttons/viewpost.gif
July 16, 2008 5:11 AM

As promised here is the List Of Serious FX Traders willing to invest their time and effort to learn and improve their FX Trading.

If you want to be included and you do not see your name on the list please add your name.

(1) pipo77

(2) bapho

(3) Rialto

(4) toafdawg

(5) swiftpip

(6) racetrack

(7) AgentFx

(8) leo9

(9) txfx

(10) Tarquin

(11) zenseven

(12) naOki

(13) Yonipaliyo

(14) John D

(15) sonicdeejay

(16) piphunting


Any errors or those not seeing your name here please correct or add your name here on this post.

I am looking forward to get started.

Good Trading Everyone !!!
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  • #657
  • Jul 16, 2008 5:55am Jul 16, 2008 5:55am
Quoting southernmind
What is the purpose of the list? Is there some off-site gathering or communication that is to take place?
I will lead the class with some help from others. The GOAL is to try to have everyone on the list learn how to trade properly. Even those trading for years might want to see things in a fresh new way that at least works for me.

Put your name on the list and join us in going for a goal of 10% profit a month. I demo traded for a month and made over 20% in real time.

I trade professionally since March 2006.

Thanks for your question.


Bruce
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  • #658
  • Jul 16, 2008 6:15am Jul 16, 2008 6:15am
Right now on my FX Solutions Demo Platform with ALL positions closed I have $120,885.40 US Dollars. I started with $10,000 US Dollars on June 9 and the firm I use Infinity Futures, added at my request $90,000 US Dollars on June 10, 2008.

I did 300 FX Trades between June 9 and July 11 with 4 losses. I earned $20,885.40 US Demo Dollars. So We start from here.

We never trade more than 25% of our capital and most of the time We use the 20% rule being 20%. However on rare occasions I go to 25% of the capital. So with $120,000 US Dollars (Rounded Off) the normal amount of used capital will be $24,000 US Dollars.

I developed a proven method of trading in blocks of 100K so using $24,000 would give US 24 open positions of $100,000 US Dollars.

I trade using a Trade Plan ! What is a Trade Plan ? A Reason to trade rather than just to trade. For Example let us look at USD/JPY now !

At Bid 103.86 for the moment I have no reason to trade it. There is important data coming out today. For now I am out of all positions and in cash.

We scale in our positions in blocks of 100K. We should NOT risk more than 5% of our capital on any Trade Plan. So if we decide later today that USD/JPY ran up to far say over 104.00 looking at the next Strong Resistance We might short 1 position of 100K only using $1000 of capital to put one 1 position.

Then say it goes up another 10 PIPS or so We put on a second position up to a maximum of 5 positions. Using a mental or fixed Stop Loss of 25 PIPS if we lose $250 times 5 positions the MAXIMUM LOSS is $1250.00 US Dollars and on an account of $120,000 US Dollars the LOSS is about 1 % of our capital.

When any of our 5 positions of 100K is in a profit of at least 5 to 10 PIPS we move our Stop down or put one on to LOCK in at least a profit. Intraday trading with the trend using a 5 Minute or 1 Minute Chart can give you many PIPS.

For myself I try to average 1% profit each day so on $120,000 US Dollars my GOAL is $1200.00 US Dollars a day !!!

Any questions folks ?


Bruce
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  • #659
  • Jul 16, 2008 6:20am Jul 16, 2008 6:20am
Warrenforex is eneloop? or eneloop is warrenforex?

Getting confuse as warrenforex is posting more than eneeloop?

Just questions. don't mind me. carry on.
I am bored..
  • #660
  • Jul 16, 2008 6:29am Jul 16, 2008 6:29am
I am getting ready by looking at the following using my CNBC TV Monitor.

Dow Futures down 37 ... Gold down $4.10 ... Oil down $$2.08

All Europe Markets are down ... The 2 Year US Bonds have a Yield of 2.34% now and the 10 Year US Bonds Yield 3.82% for a Spread of 148 Basis Points.

The Yen lost 69 Basis Points at 104.07 overnight and and the Euro was up a little. Since I started this post the Dow Futures are down now 22 from 37 so as you see USD/JPY broke over 104.00

That usually happens before the Main Traders get into NY around 8:00 AM

Bruce
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