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any full time traders here?

  • #21
  • Jul 18, 2009 12:40pm Jul 18, 2009 12:40pm
Quoting brenzaj42
Yes, I have increased the amount that I trade with but still I do not need that much because I am always going to get into a trade right before it moves, right after it breaks resistance. I will usually set alarms(where the resistance points are) after my analysis in the afternoon and then go to bed at night. If the alarms hit at night, I get up and put in the trade and then go back to bed. I usually close out a trade when London goes home in the US sesssion. Thats a typical day.
so what's the group, i m interested to know? what if cannot wake up? ha. so you are saying u will expect a move when it hit that certain price?

anw u have yet say whether ur trade are short or long term
  • #22
  • Jul 18, 2009 12:42pm Jul 18, 2009 12:42pm
Forgot about the breakeven, I will also wait to be up 40-50 pips depending on the volatility of a currency and then move my stop to breakeven. then let the trend do the work.
  • #23
  • Jul 18, 2009 12:48pm Jul 18, 2009 12:48pm
The forex is a market that will move when it breaks it resistance provided all the other pairs (parallel and inverse analysis) are moving as well. As far as waking up, I have alerts sent to my email which sounds off on my blackberry and wakes me up. Im not sure if I am long term or short term. A typical trade is 2-3am till 12pm the next day give or take.
  • #24
  • Jul 18, 2009 1:09pm Jul 18, 2009 1:09pm
Quoting brenzaj42
The forex is a market that will move when it breaks it resistance provided all the other pairs (parallel and inverse analysis) are moving as well. As far as waking up, I have alerts sent to my email which sounds off on my blackberry and wakes me up. Im not sure if I am long term or short term. A typical trade is 2-3am till 12pm the next day give or take.
hmmm so u enter slightly before resistance before it break out if conditions are right instead of waiting for breakout itself? interesting. but u need to determine if the resistance is a strong point or not right?

anw so wad's the group! ha (sorry think u sent me a pm)

there is no TP for this at all, just hold? u dun take partial profit?
  • #25
  • Jul 18, 2009 1:09pm Jul 18, 2009 1:09pm
The fastest way to become an successful trader:

find a teacher who is willing to share his method and strategy.

Now the important part:
after some weeks you have to trade infront of him - live and with real money.


I myself had to learn everything the hard way - took over 12 years.
Prefer scalping trends and breakouts in volatile markets by looking at time and volume (1min charts).
Don't use any indicator - cause they are lagging.
  • #26
  • Jul 18, 2009 1:15pm Jul 18, 2009 1:15pm
A resistance point on a daily or 4 hour chart are going to be strong especially if it has bounced off that before. I would not say it is a breakout, it has just broke resistance And you are right, I will close out when London goes home whether it is for +40 pips or +340 pips.
  • #27
  • Jul 18, 2009 1:19pm Jul 18, 2009 1:19pm
Quoting Mr-Forex
The fastest way to become an successful trader:

find a teacher who is willing to share his method and strategy.

Now the important part:
after some weeks you have to trade infront of him - live and with real money.


I myself had to learn everything the hard way - took over 12 years.
Prefer scalping trends and breakouts in volatile markets by looking at time and volume (1min charts).
Don't use any indicator - cause they are lagging.
u r rite, if someone to teach and correct me personally i will learn faster than trying to figure out myself.

12 years but at least u master it! worth the effort n probably a sense of accomplishment!
  • #28
  • Jul 18, 2009 3:51pm Jul 18, 2009 3:51pm
there r alot of them here. but some have already left n doesn't frequent ff anymore. while some people r but they will not tell u. so that people will not bother them.
  • #29
  • Jul 19, 2009 8:07am Jul 19, 2009 8:07am
Hello Brenzaj 42
I would like to know the name of the group you are trading with.
Thanks
Bhupinder
  • #30
  • Sep 6, 2009 3:05pm Sep 6, 2009 3:05pm
I didn't see a reply from brenzaj42 regarding the "group" - did anybody get any details about the group and/or their method?


Thanks




Quoting bhupinder
Hello Brenzaj 42
I would like to know the name of the group you are trading with.
Thanks
Bhupinder
  • #31
  • Sep 7, 2009 7:12am Sep 7, 2009 7:12am
Quoting bizkam
I didn't see a reply from brenzaj42 regarding the "group" - did anybody get any details about the group and/or their method?


Thanks
u can pm him to ask. not advisable to post here
  • #32
  • Sep 7, 2009 7:19am Sep 7, 2009 7:19am
Subject to thread.. Yep, I guess I am

Not "full time", since I do not spend all my day 9-to-5 next to PC, but trading right now is the only thing I do for living

hi everyone!
  • #33
  • Sep 7, 2009 7:46am Sep 7, 2009 7:46am
ok, Thank you!
BTW, if anybody got this information, please send to me by private message.


Quoting yuan83
u can pm him to ask. not advisable to post here
  • #34
  • Sep 8, 2009 8:01am Sep 8, 2009 8:01am
Keep a journal, and maintain long term and short term goals, and do periodic honest reviews of how you're doing, what you did well, what you did poorly, how how you can improve.

Also, I'd say read a lot. Figure out what the markets are and how prices move and also figure out who you are and where you want to go in life. Best of luck.
  • #35
  • Sep 8, 2009 8:20am Sep 8, 2009 8:20am
I am a full time trader... and this is what I only do for living...
Success is a journey not a destination...!!
  • #36
  • Sep 9, 2009 4:12am Sep 9, 2009 4:12am
Quoting brenzaj42
Here is an example. Let's say GBP/USD has a established a good trend and I want to trade it. Parallel analysis would be to look at the EUR/USD, AUD/USD, and maybe NZD/USD to make sure those are trending in the same direction. Then, inverse analysis would be to look at maybe the USD/CHF and USD/CAD to make sure those are trending in the opposite direction. If they are, you have confirmation of a strong trend. I hope that helps. Feel free to ask anything else.
Bad idea actually.
First of all a "trend" should be somehow confirmed by the past activity, right? Or a re we talking about intraday trends?.
Second: this is quite obvious - if you see USD falling - it will be falling in all currency pairs. But you will definitely see it AFTER it actually falls. And no confirmation it will be falling on.
So by checking reverse currency pairs you get info only about possible locks, not stable trends I guess...
  • #37
  • Last Post: Sep 9, 2009 11:56am Sep 9, 2009 11:56am
Quoting yuan83
u can pm him to ask. not advisable to post here
dear all. i want to know what is the group?. could anyone who know please PM me .thx .regards
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