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  • #216,501
  • Mar 25, 2010 3:24pm Mar 25, 2010 3:24pm
Quoting SkyzerFX
Well you are saying it's impossible? Open Demo add more funds

.. And start shooting

buy on the bottom and Sell on the tops without stop loss and only

collect cash when any position is in profit, ones you take one of the table

shoot another one.. You cannot lose (it's impossible) if you have enough money and reasonable MM
Yeah was in a funny mood earlier today, and I fired off buy and sell orders on any signal I saw continuously for an hour, 20 point TS, just to see how I did (£2 a point), came out £500 ahead by the end of it, so it certainly works on the demo, with no emotions involved.
I operate with clear definite rules, if I break them I lose BIG!
  • #216,502
  • Mar 25, 2010 3:24pm Mar 25, 2010 3:24pm
Quoting SkyzerFX
That's exactly why people Still buying US Stocks like there is no tomorrow.

Nobody would touch them when DOW was under 7000 and now, of course,

everyone going long tops.. You want to lose money, join the crowd..

Sure, you going to take USD over EUR (right now), but what you have to do

is Switch all your money to EUR, while everyone is running from it... That's

what big Banks do.. They unload overvalued currency and load undervalued

and when Market sentiment changed, they change currency stakes. USD is a SELL right now..

And...

1. people bought at 7k, what do you think pushed equities this far?
2. you want to lose money, join the crowd?....how bout join in the trend and make money....what a ludacris idea
3. the big banks and central banks are dumping euro, not usd
4.no fundamentals have changed this usd bull trend, it will continue till they signal a change
5. you dont need to "outsmart" the market, its not rocket science
  • #216,503
  • Mar 25, 2010 3:26pm Mar 25, 2010 3:26pm
Quoting Icannaesee
so it certainly works on the demo, with no emotions involved.
That will also work with REAL 10 million $ account and 100$ a pip for Entry.

You will not lose, ever, because Currencies not a stocks, which can

go to ZERO.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #216,504
  • Mar 25, 2010 3:27pm Mar 25, 2010 3:27pm
Quoting acumen
How in the hell can the failure rate be at 95%.

Then I read this forum and wonder how it isn't 100.

m
Which part of the forum would make you say that?
  • #216,505
  • Mar 25, 2010 3:27pm Mar 25, 2010 3:27pm
Quoting SkyzerFX
Well you are saying it's impossible? Open Demo add more funds

.. And start shooting

buy on the bottom and Sell on the tops without stop loss and only

collect cash when any position is in profit, ones you take one of the table

shoot another one.. You cannot lose if you have enough money and reasonable MM
I've seen many pigs slaughtered with such ways. Some are wealth guys with soo much funds. And some of them are also institutional traders. No matter how much fund you have, without proper method and management, Gandhi's quote about human greed will be fulfilled.
Manage your risk accordingly and you're half done your home work.
  • #216,506
  • Mar 25, 2010 3:27pm Mar 25, 2010 3:27pm
Hehe yeah, just ever so slightly short that required 10 million.
I operate with clear definite rules, if I break them I lose BIG!
  • #216,507
  • Mar 25, 2010 3:28pm Mar 25, 2010 3:28pm
Quoting pqt
bcoz of you.


You've never watched any of his vids huh?
  • #216,508
  • Mar 25, 2010 3:28pm Mar 25, 2010 3:28pm
Quoting acumen
How in the hell can the failure rate be at 95%.

Then I read this forum and wonder how it isn't 100.

m
(LMMFAUFFFFFFFFFFFFFFAAAA) *SPIT* i thinks i soiled myself..
those who can, do. those who cant, talk about those who can
  • #216,509
  • Mar 25, 2010 3:29pm Mar 25, 2010 3:29pm
Quoting Icannaesee
Hate to say it but I agree, if you have the margin to ride out the remaining drop of the Euro, I figure we're gonna fall for another two weeks then the Dollar is going to start being the currency to escape. TBH it would take a miracle for the US to pay off it's debts in a reasonable amount of time, but just got to wait for the EZ to seem stable again.
I agree completely agree with both you and Skyzer for the long term. But I'm admittedly a newbie, so I don't have the margin you speak of to ride out the drop. All I was saying is here in the states, whenever an economic report comes out, whoever is doing the reporting try to make it seem like the dollar is the best place to be in the world because we will be out of all our problems in two months. Obviously, it's not true. A good example of this, and I don't mean to step on toes with this, is to watch Larry Kudlow argue with anyone who sides against him. But yes, the big boys do this in all markets: sell when the mass buys and buy when the mass sells. To my knowledge, the latest example of this is the hedge fund managers that shorted subprime. So, congrats to you and skyzer for being at a level to ride these waves out. I hope I can get on that leve some day.
  • #216,510
  • Mar 25, 2010 3:29pm Mar 25, 2010 3:29pm
Quoting mfoste1
3. the big banks and central banks are dumping euro, not usd
I'm telling you this is not true.. Banks do have stakes in each currency (EUR/GBP/JPY/USD and so on)

and when One gets overvalues compare to other, then start selling strong

and buy weak one and vise versa, that's how it works..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #216,511
  • Mar 25, 2010 3:31pm Mar 25, 2010 3:31pm
Quoting Ineedpips9
I agree completely agree with both you and Skyzer for the long term. But I'm admittedly a newbie, so I don't have the margin you speak of to ride out the drop. All I was saying is here in the states, whenever an economic report comes out, whoever is doing the reporting try to make it seem like the dollar is the best place to be in the world because we will be out of all our problems in two months. Obviously, it's not true. A good example of this, and I don't mean to step on toes with this, is to watch Larry Kudlow argue with anyone who sides against...
Oh no I'm not on that level, not by any means. I still make mistakes, Big Whoppers, I just thank god I'm moving ahead, one penny at a time, one day I will get there
I operate with clear definite rules, if I break them I lose BIG!
  • #216,512
  • Edited 3:43pm Mar 25, 2010 3:32pm | Edited 3:43pm
wow, just came back frm a night of drinks and prices move much in my anticipation of at least a hundred pip.....
had a fun day outside than trading...

good day i guess...

7% profit today taking a 0.1% to 0.5% risk

don't think i'm in a sober mind to analyse or place limit orders... gonna slp and wait for retracement tmr to sell or buy... nites peeps...

oh well at least for eu right now at this moment, i think 3300 is minor resistance and/or 3330 a resistance for placing shorts.
no long entries now. shld be this situation safely till the time i woke up i guess, based on deviation... from what i see now.

nitez, and gd luck to all!
  • #216,513
  • Mar 25, 2010 3:32pm Mar 25, 2010 3:32pm
Quoting skyzerfx
i'm telling you this is not true.. Banks do have stakes in each currency (eur/gbp/jpy/usd and so on)

and when one gets overvalues compare to other, then start selling strong

and buy weak one and vise versa, that's how it works..
look at a chart!!!!!!!!!!! Euro is being sold off

Really dude....my blind grandmother could see this. I dunno what else to say......
  • #216,514
  • Mar 25, 2010 3:34pm Mar 25, 2010 3:34pm
wow. alot wen't on while i was rambling. just wen't short looking to hit 3265
  • #216,515
  • Mar 25, 2010 3:34pm Mar 25, 2010 3:34pm
Quoting gatorinla
(LMMFAUFFFFFFFFFFFFFFAAAA) *SPIT* i thinks i soiled myself..
DEPENDS
hang on to your bread......unless you want toast
  • #216,516
  • Mar 25, 2010 3:35pm Mar 25, 2010 3:35pm
Quoting Gld
DEPENDS
http://en.wikipedia.org/wiki/There&#...n_every_minute
those who can, do. those who cant, talk about those who can
  • #216,517
  • Mar 25, 2010 3:36pm Mar 25, 2010 3:36pm
Quoting mfoste1
look at a chart!!!!!!!!!!! Euro is being sold off

Really dude....my blind grandmother could see this


You'll get a heart attack next time Sky post his theory.
Manage your risk accordingly and you're half done your home work.
  • #216,518
  • Mar 25, 2010 3:36pm Mar 25, 2010 3:36pm
Quoting acumen
How in the hell can the failure rate be at 95%.

Then I read this forum and wonder how it isn't 100.

m
well i din read thru the whole past pages, abit tired now,
but its possible, there's this national congress bank trader with a 5% to 10+% win rate only, yet he's making big money...

dont talk bout others, but my own win rate is 15% to maybe 30% only...
  • #216,519
  • Mar 25, 2010 3:39pm Mar 25, 2010 3:39pm
i hope you all studied.. the test is over..pass your papers to the front. no talking.

Inserted Video


tribute to sky... "its falling"
those who can, do. those who cant, talk about those who can
  • #216,520
  • Mar 25, 2010 3:41pm Mar 25, 2010 3:41pm
Quoting gatorinla
i hope you all studied.. the test is over..pass your papers to the front. no talking.
Oh no there was an exam, no wonder I fail.
I operate with clear definite rules, if I break them I lose BIG!
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