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  • #84,581
  • Apr 9, 2009 11:29am Apr 9, 2009 11:29am
Quoting Driver55
guys,

a question....

is tomorrow in US .. a holiday??

are banks open??
holiday, banks closed
  • #84,582
  • Apr 9, 2009 11:31am Apr 9, 2009 11:31am
Quoting kropfx
, yeah i understand, but really, EU is acting like almost nothing happened, there is economic disaster waging all over and Trichet is having a coffee with a croissant instead of tightening the rates aggressively and committing more cash, this actions will lead to a higher or at least strong supported euro, IMHO...
i dont really blame him.. its his mandate to controll inflation only while rome burns.
those who can, do. those who cant, talk about those who can
  • #84,583
  • Apr 9, 2009 11:38am Apr 9, 2009 11:38am
Quoting billye
the correlations are invented by stock/usd/gold commenters... (dow down -> usd up for risk aversion etc)
they don't trade themselves at a stake...

this only hold true for daily shorts when it's consistant correlating.

gold / dow has been out of correlation since Mar.6
and E/U / dow has been out of correlaton on Mar.8
now usd / dow both rise? and even gold is rising

stock buyers early this week say it's a top for this year, now they say it's a bottom for this year
asia look at US drop then drop, US look at asia drop then drop, then dropdrop...
one...
take it with a grain of salt.. brokers trying to sell you something are the ones calling a bottom.. if they say it loud enough they may create their own reality.. but sometimes reality bites you on the ass..
those who can, do. those who cant, talk about those who can
  • #84,584
  • Apr 9, 2009 11:38am Apr 9, 2009 11:38am
Quoting BoredToLoose

Only accounts over 250000USD can gain +50000USD per Year with limit risk.
Who trade more than 3% of account must be all time following the Market.

GL ALL
Not sure why the above statement by BTL has been heavily criticised by other posters.

Certainly, some accounts yield returns greater than 20%p.a., but at least 95% of retail traders will fail to reach this milestone. And out of the remaining 5%, the vast majority of those will fail to achieve a 20% annualised return on their account over, say, a 5 year period. These are the harsh realities of forex.

Personally, I aim for a 20% annual return on my capital, which includes my investments across all asset classes - anything more than this is a very welcome bonus and something I consider a personal success.
  • #84,585
  • Apr 9, 2009 11:44am Apr 9, 2009 11:44am
Quoting piptornado
holiday, banks closed
I don't think so. Individual banks may decide, but it is not an "official" holiday.
  • #84,586
  • Apr 9, 2009 11:44am Apr 9, 2009 11:44am
Quoting psiholog
looking at the other pairs it is not just the eur/usd stock market/commodities correlation that is all messed up.

the dollar is getting weaker against the swissy, against the pound, against the aud yet stronger versus the yen while the euro is not really getting weaker against other majors...just rangebound activity.


what the hizzy is going on
I think we are in the middle of a change of correlations...
  • #84,587
  • Apr 9, 2009 11:45am Apr 9, 2009 11:45am
bl folks good trading..
those who can, do. those who cant, talk about those who can
  • #84,588
  • Apr 9, 2009 11:46am Apr 9, 2009 11:46am
Quoting TradeWell
I think you are not the only one. I see a problem with this eventually for the following reason (please note I am not a "fundamentalist"):

Assuming the US economy leads the world out of recession, the U.S. stock market will be the first to look attractive for purchase. Foreign investors will have to convert their currencies to dollars to buy U.S. stocks. Would this not then drive the dollar higher, given more demand for it?
that just self defeting higher dolor directly less demand for dolor products all currencys want to low for competivness hence choppy market.
  • #84,589
  • Apr 9, 2009 11:47am Apr 9, 2009 11:47am
Quoting KillerWhale
?????????????????????????????????????????????????????

If you believe this crap, you sure won't get rich trading forex
Good for you!

Read better what I have wrote!!

LIMIT RISK=almost free or very limited risk, if you can win 50000USD per Year with a account less than that or maybe I have exaggerate, better to say about 175000USD, so congratulations.

Are Forex Free of risk? NO

You can win 11 straight months, but there will be one, that you will lose a nasty % of that you have won, if you do not limit your risk.
And if you limit your risk means that you will not be rich.

If you have a 100000USD account trading only 1% MM,, very limited risk and you win 1000 pips Monthly you can win almost 50000USD per Year.
Can you do this? I can, problem is that I do not have 100000USD.

Who broke MM rules, some day will lost!! This is Market rule number one.

take care!
  • #84,590
  • Apr 9, 2009 11:47am Apr 9, 2009 11:47am
Quoting TIckerShuffl
I think we are in the middle of a change of correlations...
not really gu is down from opening -16 uj is also up.. i didnt check them all
those who can, do. those who cant, talk about those who can
  • #84,591
  • Apr 9, 2009 11:48am Apr 9, 2009 11:48am
For those who are interested, we are still within this pennant that I posted earlier. I have opened a long position at 3129, w/ a short order at about 3144 to close half of that trade should we continue to see a drop.

(Please note - as someone mentioned before my angled trendline may seem a bit strange. It is not meant to be a detailed "to the pip" drawing. Just a more generalized perspective, which is how I base most of my trading.)
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  • #84,592
  • Apr 9, 2009 11:54am Apr 9, 2009 11:54am
Quoting billye
no, I'm talking about individual stock buyers.
I shut ears to broker agent.

early this week they say stock is top, they sold to -4% in a day
now they say it's bottom...

and over this weekend there is going to be some real crazy things going on I guess... before it clapse someday before end of Apr. or also possible that gov do not want stock to clapse, so bubble gets blowed bigger till bring us out of the recession.
some still got april 15 checks..if they were long term traders and got out because of last years falling market. but were possitive from longer term held stocks as in decades.. they may cash more in to pay uncle..just a thought..i really dont know..


bl folks.. gone on safari...
those who can, do. those who cant, talk about those who can
  • #84,593
  • Apr 9, 2009 11:54am Apr 9, 2009 11:54am
Quoting jesjack
i have 3126 as the low..
That's the same low I show----- Gator being a pip god probably trades straight from the Fed
  • #84,594
  • Apr 9, 2009 11:56am Apr 9, 2009 11:56am
Quoting knuckledrag
That's the same low I show----- Gator being a pip god probably trades straight from the Fed
LOL
  • #84,595
  • Apr 9, 2009 12:09pm Apr 9, 2009 12:09pm
hello traders!
I didn't trade this week.... because it started as a down week.... and been busy... tomorrow there will be liquidity problems and if a huge break happens and goes down then on monday there will be an excellent opportunity to start buying euros again... I guess around 1.2940. we will see...
  • #84,596
  • Apr 9, 2009 12:10pm Apr 9, 2009 12:10pm
Quoting BoredToLoose
Good for you!

Read better what I have wrote!!

LIMIT RISK=almost free or very limited risk, if you can win 50000USD per Year with a account less than that or maybe I have exaggerate, better to say about 175000USD, so congratulations.

Are Forex Free of risk? NO

You can win 11 straight months, but there will be one, that you will lose a nasty % of that you have won, if you do not limit your risk.
And if you limit your risk means that you will not be rich.

If you have a 100000USD account trading only 1% MM,, very limited risk and you win 1000...
BTL, do the maths - if you have a 100k account and limit your risk to 1% - thats $1000 per trade.

Now if you set all your stops at 100(some, psi for instance use 50) - that means that you can trade one standard contract per trade, worth $10 per pip. If u use 50 thats 2 contracts.

Now if you only make 10 pips a day thats $100 p day = $25000 per year. If you do some work around those numbers - reduce stop inrease risk(2 or maybe 3%) you begin to see much better returns, assuming of course your MM is good and you have bigger winners than losers

I would suggest that most of the 'real' traders here make a bit more that 10 pips a day and probably don't have 100k accounts.

I would also guess that they make a lot more than 25k pa.
  • #84,597
  • Apr 9, 2009 12:12pm Apr 9, 2009 12:12pm
Quoting piptornado
holiday, banks closed
Banks are definitely NOT closed in USA tomorow, stock market is closed though.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #84,598
  • Apr 9, 2009 12:13pm Apr 9, 2009 12:13pm
Quoting stewrigh
I would also guess that they make a lot more than 25k pa.
I bet the vast majority don't (achieve a 25%p.a. return), certainly not year in, year out over a five year period.
  • #84,599
  • Apr 9, 2009 12:17pm Apr 9, 2009 12:17pm
Quoting KillerWhale
Banks are definitely NOT closed in USA tomorow, stock market is closed though.
You are right. I was thinking stock market.
  • #84,600
  • Apr 9, 2009 12:24pm Apr 9, 2009 12:24pm
Quoting gammase1
I bet the vast majority don't (achieve a 25%p.a. return), certainly not year in, year out over a five year period.
What you are saying is that the traders here aren't making at least 10 pips a day????

Now I must admit I don't know, but I would guess that they make a lot more than 10 pips.
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