100% Monthly consistently

Hi IamTHAT,

would you mind expanding on triangular trading or point me to a thread where it is discussed. Looks great.

Or send me a pm if that's ok, as it is off thread.

Check out the AUD/NZD. I'm planning to hold it short for up to 2 weeks. Expecting it to fall about 150 - 250 pips. Entry between 1.3000 - 1.3100, preferably 1.380.

I tried shorting it last week but it wasn't going anywhere so I cut it loose at about 50 pips only to see few hours later that it could have been a profit. No big deal as it went back up to retest the high (typical), but that just presents another opportunity. I would even say it has potential to come down to 1.2550 for about 500 pips. The pip on that pair is only about $0.72.

I have short positions in GBPJPY and I'm thinking of adding to them. The pair is touching the top of its down trend channel, it has bounced off of the 200 MA before and its almost touching it now on 4H and the angle is still down. It has formed another bottom part of the 'L' pattern possibly looking to create another leg down, I think its in the wave 4 of EW count so wave 5 should be longer which would at least suggest retest of the recent lows and possibility of going lower. GBPUSD and USDJPY are also struggling to get any higher. The Dow has been indecisive of where it wants to go all this week.
We have FOMC next week which will most likely be no change or 25 bp increase which would only strengthen dollar taking GBPUSD lower.
Lets keep looking.

Hi and welcome

Unfortunately I do not understand the language
I think you're talking about USDCHF but I have no idea of direction.

USDCHF generally moves opposite the EURUSD and they both have formed cups in opposite directions.
Personally I hope they reverse but hope doesn't help much in trading. USDCHF made a nice drop so I would be weary of shorting as it may correct upward (R1.0750) but I also would be weary of long because it may still drop to 1.0500.
I think it needs some time to decide which way to go.

Hi Robert,
This thread of yours has definitely grabbed my attention and I shall be following your progress keenly. November 2008 was my star month, Ok my only strar month as it happens, when I made 240% trading mostly EurAud. I foundered on complacency and the NFP of all things, which just goes to show that it affects pretty much everything if the news is really bad/good, and it took me 6 months to give back my 240%.

In today's front page there is this article, which reminds me of what I was, and where I need to get back to.
http://uk.biz.yahoo.com/11032010/389...se-online.html

I shall put in some thought. Like you I trade almost any FX pair and my favourites are Aud crosses. Until now my average trade life-span has been about an hour so looking for things in the 2 to 3 day arena will involve a change in my psyche. However I believe 100% every month is possible so I shall try to participate sensibly when I can. Apart from which, the day job is really losing its lustre.

Currently I have a small short on GbpAud, when the market re-opens it will signal exit or not....

According to Babelfish forex00trade said:-
spanish <-> english

This sounds very discretionary.

exacto, gracias por la traduccion jeje

Yes we have.

100%, 200%, 1000% etc etc

I've been trading way too much, on way too short time frames in my previous trading life and going to longer time frames has been one of the best adjustment that happened so far.
Another, but also related adjustment is Patience, its not easy to be patient when possible pips are escaping you and old habits die hard but please believe me when I say its well worth it.
Less trades=less market exposure=less stress=more profit.
I'd rather enter one pretty damn sure trade once a week then earn and give back and repeat that few times per week - too much emotions involved.

Being patient costs nothing, failing to do so can cost a fortune.

I'm sorry mr. professional trader with 10+ vouchers and almost 5 thousand posts but I could not find your trading track record anywhere, would you please point me in the right direction.

Also, while you're wasting your time here please remind me why that is not possible, geez let me guess because its a big number and most people say its not possible.

Don't bother, I wont even respond to next post.

Regards

I see you tried some posts in English in other place, please don't be ashamed of how good or bad it is, just use it as you best can, this will just give you practice.

I was thinking the same. Why did I bother? You have got it all figured out already. Good luck.

Hi Robert,

I have no agenda here. I don't seek for approval and I'm not here to sell anything. Sorry, I will never disclose my methods. I just want to leave you some words.

100% monthly is possible. I've done it myself well over a year. I'm not here to show off, nor want to prove myself to anyone of these results. I am speaking to you directly... No B.S. 100% monthly is possible.

I was having an interesting conversation with a very successful guy the other day. We were talking about achieving success in every area of life. Success requires tremendous amount of hard work etc, etc... I find it very interesting because I've personally seen people who give it their all... tremendous amount of passion, tremendous amount of hard work, endless education, given a lot of the time necessary, but sadly still fails.

I wanted to find out the factor why these people still fail after giving their all. Is it not enough? Actually, the efforts are enough. The crucial factor of the people who failed was their limiting beliefs.

You see, no amount of knowledge and experience will get you through the finishing line of achievement if you have limiting beliefs. Limiting beliefs will blind your creativity. It boxes you in, rather liberating you beyond the boxed thinking.

Having NO limiting belief becomes wishful thinking without the knowledge and experience to support it or back it up. Flying is wishful thinking without the knowledge/experiences of physics, aerodynamics, etc.
Today, flying is possible... it is not a fantasy dream. There were so many who have failed in the pursuit. Heck, if you have limiting beliefs about man flying, why would you even bother!?... The 3minute mile is a reality, but without the proper training, it would still be nothing... but a fantasy dream.

More often the little knowledge one have, the stronger the limiting beliefs. How can one dream of a round world when one does not have any experience in sailing. When one does not have the knowledge to calculate the movements of the sun during different seasons. But when one have such knowledge and experience, one can arrive to a conclusion or speculate the possibilities. When all the clues are pointing in the same direction, the great people of our time dared to dream. And with the knowledge and experience they have by their side, no limiting beliefs would deter them from their true destiny. They stood tall, while the rest of the world ridiculed them.

Robert, you have the knowledge and experience to make it work. I don't need to see a year's result from you. Looking at your results tells me a lot about you and your trait. I know you will be profitable because most professional traders' worst months are December, January and February. I truly love your discipline to close a trade with 2.3pip those are the tell tales I needed to see.

From someone who achieved what you are daring to dream, with no agenda, 100% monthly is possible. You will make it, and it will be one of the greatest kicks in your life.

Peace out

thankyou rob , i am try to wrote in english but not to good

see in english (in my "english" heheheh)

my recommendation is: sell usdchf ,because usd loss weekly supports against EUR,CHF,NZD,NOK,SGD,MXN (in my broker data feed....)

and CHF (and EUR) broke resistance to up against USD,JPY,HKD,SGD

Crucial Point ......Welcome

I think you nailed it right on the head.

Please visit us again with your positive attitude, it has as much to do with success as all the knowledge.

As every thread I've seen, we as well must have our share of clowns as you can see above. Maybe its some unwritten FF requirement, I don't know.


Will I be able to do 100% each and every month?
I don't know what the future holds but I'm sure going to try for it.
Sometimes we'll get more and sometimes we'll get less but on average we should be around that number for a while.
Although, I understand that as my account gets bigger beyond a certain point the law of diminishing returns will take hold, also issues such as limited liquidity, reduced margin/increased requirements, and others will come in play but that is OK, at that point we should have sufficient size account to be happy with even 50% average.
However, everything in life has a price and achieving this requires great deal of long term hard work, dedication, persistence, patience.

Regards

Well said. I'll be following this thread and all the best.

lol, love the ambition.

Fxvoilaaa

Welcome and thank you

Why sell ourselves short in life.

Everybody

I came upon this thread before the weekend, this reflect a lot of what I'm going to be looking for.
http://www.forexfactory.com/showthread.php?t=216097
Please read it carefully, very good reading.




R

I have looked over many charts and see plenty of opportunities and plenty of pairs undecided of direction

Both good things since as some opportunities get exhausted others will present themselves.

For further discussion
Long USDCAD
Long EURAUD
Short GBPJPY




R