euro teared up. love it
Finally getting that euro monkey of your back!
Cable Update (GBPUSD)
- #212,381
- Apr 1, 2010 11:03am Apr 1, 2010 11:03am
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
Finally getting that euro monkey of your back!
- #212,382
- Apr 1, 2010 11:04am Apr 1, 2010 11:04am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Ghost Rider - WWTBMD?
- #212,383
- Apr 1, 2010 11:08am Apr 1, 2010 11:08am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
When she hit's this daily TL and the 365 MA, she'll bounce "breifly".
Of course I'm not saying she'll drop straight down. But down she'll go.
Ghost Rider - WWTBMD?
- #212,384
- Apr 1, 2010 11:09am Apr 1, 2010 11:09am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
I was looking at a long ~13460, but decided to concentrate on my work today. Oh well, plenty of more days!
Finally getting that euro monkey of your back!
monkey fooled me once, fooled me twice, this time i'm gonna cut the head.
look what i found hiding in the closet.
Chart:
1. http://www.forexfactory.com/showpost...postcount=5921
Thank You 
- #212,385
- Apr 1, 2010 11:10am Apr 1, 2010 11:10am
- Joined Mar 2007 | Status: 'sleeping in a dumpster' | 2,151 Posts
- #212,386
- Apr 1, 2010 11:10am Apr 1, 2010 11:10am
- Joined Mar 2007 | Status: Trader | 3,709 Posts
euro teared up. love it
- #212,387
- Apr 1, 2010 11:14am Apr 1, 2010 11:14am
- | Joined May 2009 | Status: Focus + Patience = Pip$ | 1,513 Posts
I am using my three little runners theory today. Closed one out already for a profit, moved the rest to BE, so my position is now covered with a little profit to boot. Next TP will be around the 300 mark (not decided exactly where yet) and the third one for the $2 target
Just made a new high... just about!
But what many ignored was HOW she traded. She always bought 3 positions (sl = -10), closed the first at +10 (last 2 moved stop to BE), the 2nd at +20 and let the last one run with a 20 pip ts for as long as it would go. The trader who told me about her said this was the real reason for her success. That you can use any system you like as long as it works more than 60% of the tiime and with that trading method (and proper trade size & adjust stops to the pair you are trading) you can grow a small account into a very very large one.
So BB.. looks like you have figured this out for yourself .. clever boy.
*******************
I'd rather make money than be right. 
- #212,388
- Apr 1, 2010 11:14am Apr 1, 2010 11:14am
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
The duty rise comes on top of a steady rise in the wholesale price of fuel, made worse by a weaker pound which makes imported fuel more expensive.
http://news.bbc.co.uk/1/hi/business/8598369.stm
Do these reporters even look at the exchange rate and the movements over the last 18 months
In matter of fact, the 18 month 50% fib (Low: Jan 23 2009, High: Aug 5 2009) is roughly where we are today!
http://news.bbc.co.uk/1/hi/business/8598369.stm
Do these reporters even look at the exchange rate and the movements over the last 18 months
In matter of fact, the 18 month 50% fib (Low: Jan 23 2009, High: Aug 5 2009) is roughly where we are today!
- #212,389
- Apr 1, 2010 11:15am Apr 1, 2010 11:15am
- | Joined May 2009 | Status: Focus + Patience = Pip$ | 1,513 Posts
*******************
I'd rather make money than be right.
- #212,390
- Apr 1, 2010 11:16am Apr 1, 2010 11:16am
- Joined Oct 2009 | Status: Trader | 1,342 Posts
Hey Wormie,
I hope you switched from short to long, we may have a very long ride up. Only thing is NFP, we will see what will happen w/ that tomorrow.but for now I am holding my longs. If weekly candle remains, that is a very bullish sign. So 1.7 here we come.
C.
nice to see someone shares my view.
Good Luck
- #212,391
- Apr 1, 2010 11:21am Apr 1, 2010 11:21am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Simulation is not the real thing because you don't have the emotional factor as it isn't real money. IMO, good for testing new trading plans, but that is about all. I went straight to live trading, albeit micro trading to understand the emotional side of trading too.
Chocks away!
Ghost Rider - WWTBMD?
- #212,392
- Apr 1, 2010 11:28am Apr 1, 2010 11:28am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
@pawpaw1000 on Twitter
- #212,393
- Apr 1, 2010 11:30am Apr 1, 2010 11:30am
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
There was a trader here a few years back called Bunnygirl. She only traded the EU and invented something called the BGX or bunnygirl cross. Lots of people started using her BGX & someone even made an indicator for it. It was just a simple moving average cross. The story goes that bunnygirl became a multi-millionaire with her trading & left the forum. Since she was constantly tweaking her indy, people figured without her the indy just didn't work the same in changing conditions.
But what many ignored was HOW she traded. She always bought 3 positions...
I'm only 2 months into 4x, so I still have a long way to go especially in reading the signals and charts, but I enjoy the learning process and feel I am making good steady progress. I am pleased that the majority on here are willing to help, although you do get the odd stinking rotten egg, but best to ignore them. "There's more than one way to skin a cat!" Onwards and upwards, just like cable
- #212,395
- Apr 1, 2010 11:41am Apr 1, 2010 11:41am
- Joined Mar 2007 | Status: Trader | 3,709 Posts
So close, yet so far! She might pop downstairs again first, although fibre shows no signs of slowing down!
- #212,396
- Apr 1, 2010 11:41am Apr 1, 2010 11:41am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
@pawpaw1000 on Twitter
- #212,397
- Apr 1, 2010 11:43am Apr 1, 2010 11:43am
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
yes .. well not yet lol
monkey fooled me once, fooled me twice, this time i'm gonna cut the head.
look what i found hiding in the closet.
Chart:
1. http://www.forexfactory.com/showpost...postcount=5921
That post looks sweet as!
- #212,398
- Apr 1, 2010 11:45am Apr 1, 2010 11:45am
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
keep buying...
- #212,399
- Apr 1, 2010 11:46am Apr 1, 2010 11:46am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
I agree but I want to be making 5% per month consistently at least for the risk associated with trading. And if one is conservative (2% risk) making 10% pm shouldnt be too hard...
Guess consistency is the name of the game but I have been trading simulated 3months with gains much larger than 10% and now my 1st month live should end above 10% as well...
Largest draw down was when I just started my live account and the emotions rocked me a bit causing me to make stupid mistakes and that drawdown was 6%...
sorry, i missed your reply earlier.
Right 5% is nice, but always remember, the higher the expected returns, the higher the risk involved. And being relatively new to the market, that would be one of those few things you'd want to do avoid imho. Lowering the expectations can only bring more good than harm to your trading results, sometimes you'll surprise yourself with the targets achived opposed to the expectations. Maybe after a few years of consistency in the business, you can raise the bar ..
Anyway, it's up to you. Just offering my thought, I went thru the same process I sounded out to you to stay profitable. Take it however you want to
I'm outta here. Good luck
Thank You
- #212,400
- Apr 1, 2010 11:52am Apr 1, 2010 11:52am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
@pawpaw1000 on Twitter