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Eur/Usd scalping inspired by Shakesfx

  • #301
  • Feb 13, 2009 10:42am Feb 13, 2009 10:42am
Quoting Jwentro
nice work Pete. I was wondering, what are the lot sizes you're using with your orders? and are both lots the same size for 1 & 2?

this is obviously very important, but i was never able to find it on shakes thread. maybe you could enlighten me more?
Hi Jwentro, It's in my thread, but no probs, I use the same size positions for both lots.

Hope that helps

I think Pete uses the same.

Well done today Pete, good results! : )
  • #302
  • Feb 13, 2009 10:56am Feb 13, 2009 10:56am
Quoting shakesfx
Hi Jwentro, It's in my thread, but no probs, I use the same size positions for both lots.

Hope that helps

I think Pete uses the same.

Well done today Pete, good results! : )


yes, but what SIZE?

0.01? 0.1? 1? Nano, Micro, Mini, Standard?
  • #303
  • Edited 11:24am Feb 13, 2009 11:13am | Edited 11:24am
Quoting Jwentro
yes, but what SIZE?

0.01? 0.1? 1? Nano, Micro, Mini, Standard?
For myself, when I mention Lot 1, and Lot2, these are equal amounts both larger than 1 standard lot.

Hope this helps.
  • #304
  • Feb 13, 2009 11:35am Feb 13, 2009 11:35am
Quoting Jwentro
pete: what size are you using??


shakes:

so let me get this straight. you trade 10 standard lots.

so trading EURJPY (Which is what i think you trade)

you make $108.94 per pip.

and as of yesterday, you are +8606 pips = $937,537.64

and since its now one full month since your journal started, we'll average that out to $11,250,451.68/year. (pending you maintain your averages, and dont change lot sizes).

how about unblocking me from your thread so we can discuss it there, or i'll start another thread simply for me and...

Do as you wish.

All the best in your trading.

Look forward to more of your posts Pete!
  • #305
  • Feb 13, 2009 11:41am Feb 13, 2009 11:41am
That's just not polite, to count some1 else money, personally speaking, it's annoying..





Quoting Jwentro
pete: what size are you using??


shakes:

so let me get this straight. you trade 10 standard lots.

so trading EURJPY (Which is what i think you trade)

you make $108.94 per pip.

and as of yesterday, you are +8606 pips = $937,537.64

and since its now one full month since your journal started, we'll average that out to $11,250,451.68/year. (pending you maintain your averages, and dont change lot sizes).

how about unblocking me from your thread so we can discuss it there, or i'll start another thread simply for me and...
  • #306
  • Edited 1:04pm Feb 13, 2009 12:12pm | Edited 1:04pm
I actually changed what I had written from "this is more than 10 standard lots" to "equal amounts larger than 1 standard lot" as it seen as impolite to hint at your portfolio size, never mind that it is none of your business.

Im sure if you check carefully you may find quite a few traders within this forum who trade volumes greater than 1 million. In fact if you had read my thread, you would have found that out from other traders following the thread. In fact, trading $100 a pip (as you suggested incorrectly) is far more common than you think. This is not bragging, just a fact. If you feel incredulious at this, you may need to adjust your insular mind set.

As for your impolite comments in the above post to the other poster, again, if you had read my thread, you would have educated yourself in the fact that trading all day can be quite boring, posting a journal of your trades at the same time whilst sitting at your platform scalping is really not an issue. This is the reason this website is successful, many traders are "trading" but have this website up next to their platforms and involve themselves. "Posting every 3 minutes" you say, well yes, 40-50 trades per day and answering questions does mean quite a few posts. Not sure what your logic behind this is.

You are now cluttering up Pete's thread. I have nothing to discuss with you in your "member's lounge".

I do not need to prove anything to you.

That said, I sincerely wish you all the best in your trading, with your mind set I feel you may need it.

Kind Regards

ShakesFX
  • #307
  • Feb 13, 2009 2:05pm Feb 13, 2009 2:05pm
I do not appreciate the fact you think my results are false and that you are trying to convince others of this fact, This is in fact slander. Your claims are not based on fact.


Go to my thread, read what is written, check the trades and times they were taken against your charts and check for yourself. I know you have already done this, but to continue to dispute this fact is in fact quite incredulious.
  • #308
  • Feb 13, 2009 2:06pm Feb 13, 2009 2:06pm
Quoting Jwentro
pete: what size are you using??


shakes:

so let me get this straight. you trade 10 standard lots.

so trading EURJPY (Which is what i think you trade)

you make $108.94 per pip.

and as of yesterday, you are +8606 pips = $937,537.64

and since its now one full month since your journal started, we'll average that out to $11,250,451.68/year. (pending you maintain your averages, and dont change lot sizes).

how about unblocking me from your thread so we can discuss it there, or i'll start another thread simply for me and...
The Department of Treasury, IRS Division, will be contacting you shortly about estimated quaterly taxes due on your $937,537.64 profit. I would suggest you pay it quickly, as internet access is not available, to inmates in federal prisons.
  • #309
  • Feb 13, 2009 2:09pm Feb 13, 2009 2:09pm
"Not to mention he changed his post from 10 Standard lots to 1 standard lot after $$$$ was brought into the equation."

LOL, I didn't know you could change lot size after the trade is closed. LOL, that would really help my account balance. LOL
  • #310
  • Feb 13, 2009 2:13pm Feb 13, 2009 2:13pm
Quoting shakesfx
I do not appreciate the fact you think my results are false and that you are trying to convince others of this fact, This is in fact slander. Your claims are not based on fact.


Go to my thread, read what is written, check the trades and times they were taken against your charts and check for yourself. I know you have already done this, but to continue to dispute this fact is in fact quite incredulious.
No, slander is spoken, when written is libel not slander. If you want to sue him or her, u would need to proof that what he is claiming is untrue, and you refuse to put up trade profits, or trades, or any evidence that you are trading at all, even trading a demo, if any thing. Basically, you will lose your suit and the Defendant would be entitled to all their attorneys' fees and costs in defending the baseless lawsuit.
  • #311
  • Feb 13, 2009 2:22pm Feb 13, 2009 2:22pm
Quoting wwwin
No, slander is spoken, when written is libel not slander. If you want to sue him or her, u would need to proof that what he is claiming is untrue, and you refuse to put up trade profits, or trades, or any evidence that you are trading at all, even trading a demo, if any thing. Basically, you will lose your suit and the Defendant would be entitled to all their attorneys' fees and costs in defending the baseless lawsuit.


  • #312
  • Feb 13, 2009 2:31pm Feb 13, 2009 2:31pm
Some of us are just trying to learn some trading skills here.

I don't care if someone's claims are validated or not. These are public forums and any info that is given on them is always to be taken with a grain of salt. Everyone knows that already.

I'm learning something on the threads that you seem to be trying to sink. I don't appreciate it and I don't think you have a right by the forum rules to continue to disrupt the threads.

Just contact the moderators, get off the crusade and work on your own trading. Please!

Edit: Okay, I see that a thread has been dedicated to carrying on the discussion. Thank you! Really thanks! Now if these threads can just proceed without the drama...
  • #313
  • Feb 13, 2009 2:36pm Feb 13, 2009 2:36pm
Pete, can you clean up your thread? ie remove the rubbish/trash?

You pm'd me asking how to block this "jwentro" and yet he continues with his pointless drivel. Whats the score Pete?

You have used the shakesfx in the title of your thread, and persons venuring here are met with this? Not good mate, not good at all.
  • #314
  • Feb 13, 2009 2:58pm Feb 13, 2009 2:58pm
pete nice thread. and thumbs up you are sharing your experiences... hard to do between ordering and following... i appreciate it... 5 stars from me!!!

http://www.centraldereservas.com/fic...5estrellas.gif
  • #315
  • Edited 3:27pm Feb 13, 2009 3:12pm | Edited 3:27pm
ok jwentro has been blocked from this thread hopefully, he sent me a pm last night apologising for sidetracking from the main reason of my thread yesterday, however since I stopped trading today he has created more nuisance in my absence.

Just trying to learn how to trade guys, if you dont believe what I or Shakes post is true then don't bother reading or commenting on our threads. Constructive critiscm yes I can take but rudeness and unnecessary cynicism no. All trades posted in real time give or take 15 seconds. All results, positive or negative, recorded in the journal.
  • #316
  • Feb 13, 2009 3:14pm Feb 13, 2009 3:14pm
shakes sorry for any annoyance caused, but I have been coaching football (my job) for the last 6 hours hence was unable to monitor the silly posts that appeared
  • #317
  • Feb 13, 2009 3:16pm Feb 13, 2009 3:16pm
great news bud, looking forward to your trades!
  • #318
  • Feb 13, 2009 3:20pm Feb 13, 2009 3:20pm
Quoting petelearning
ok jwentro has been blocked from this thread hopefully, he sent me a pm last night apologising for sidetracking from the main reason of my thread yesterday, however since I stopped trading today he has created more nuisance in my absence.

Just trying to learn how to trade guys, if you dont believe what I or Shakes post is true then don't bother reading or commenting on our threads. Constructive critiscm yes I can take but rudeness and unnecessary cynicism no. All trades posted in real time give or take 15 seconds. All results, posted or negative,...

Many thanks Pete. Sorry you had to put up with the nonsense. Glad you have blocked him, he's blocked from my thread also.

Enjoyed seeing your trades today, you ended the day in profit which is what it's all about, nice work.

All the best and have a great weekend mate.

Regards

Shakes
  • #319
  • Feb 13, 2009 3:38pm Feb 13, 2009 3:38pm
Finally, so we are all clear, lot 1 is the same as lot 2. For me that is £1 a lot. So I trade £2, with a stop/loss of 15 standard, i.e risking £30 a trade. Normally take profit at +10 on first lot, i.e. +£10.

So no I am not becoming a millionaire but if I can reach my profit target of 200 pips a day, i.e £200 a day/£1000 a week, I will be one very happy bunny.

Thats me anyway; if anyone asks what to trade, I would recommend the standard recommendation, i.e DONT RISK MORE THAN YOU CAN AFFORD TO LOSE, and dont risk more than 5% of your capital. If you wish to copy me, then I would recommend you start with £600, since every trade risks £30 i.e 5%. If you only have £60 to start with, then risk £3 each trade, i.e 10p a pip. If you have £60000 to start with, then you are lucky **** and probably shouldnt be here! Hope that answers that and we can move on lol

Enjoy you weekend everyone, and please no silly posts!
  • #320
  • Feb 13, 2009 3:47pm Feb 13, 2009 3:47pm
Quoting petelearning
Finally, so we are all clear, lot 1 is the same as lot 2....
I think 5% "a bit" too much, you can get hurt very bad.
I wouldn't play more than 0.5 or even 0.25% / trade (and that's still insane money at that rate). But if you can handle that amount, then you're a rock!
Good job so far.
take care
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