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EURUSD

  • #257,821
  • Jun 14, 2010 6:56pm Jun 14, 2010 6:56pm
Quoting Naseri13
Bcz traders should drive with the charts !~
its already morning in EU, we will have your USD asses once more today
  • #257,822
  • Jun 14, 2010 7:10pm Jun 14, 2010 7:10pm
okay guys, I'm going to step away from the trading floor and grab some coffee. see you guys before the EU open.
  • #257,823
  • Jun 14, 2010 7:14pm Jun 14, 2010 7:14pm
If I see one more ad for a stupid Forex "can't miss" robot, I'm going to lose it.

That's worse than "get rich quick" ads.
Only expectation matters . . .
  • #257,824
  • Jun 14, 2010 7:18pm Jun 14, 2010 7:18pm
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  • #257,825
  • Jun 14, 2010 7:24pm Jun 14, 2010 7:24pm
Quoting RebelRed
If I see one more ad for a stupid Forex "can't miss" robot, I'm going to lose it.

That's worse than "get rich quick" ads.
just for you Rebel

http://www.myaccurateforexsignals.co...orex-robot.png
Not all sins are created equal
  • #257,826
  • Jun 14, 2010 7:25pm Jun 14, 2010 7:25pm
Quoting 2+2=4ex
...
Saw that movie on Saturday, no wonder Nick Cage has trouble finding gigs now.
Not all sins are created equal
  • #257,827
  • Jun 14, 2010 7:28pm Jun 14, 2010 7:28pm
As usual very little movement during the Asian session.
  • #257,828
  • Jun 14, 2010 7:33pm Jun 14, 2010 7:33pm
Quoting Jay Walker
just for you Rebel

http://www.myaccurateforexsignals.co...orex-robot.png
Thanks. Going to burn a Dollar now. I just saw a can't miss forex robot that claims to make money. In the example, it made about 57 trades to make 200 pips. Um . . .
Only expectation matters . . .
  • #257,829
  • Jun 14, 2010 7:36pm Jun 14, 2010 7:36pm
Quoting Jay Walker
Saw that movie on Saturday, no wonder Nick Cage has trouble finding gigs now.
it was all downhill for him after lord of war....
  • #257,830
  • Jun 14, 2010 7:37pm Jun 14, 2010 7:37pm
Quoting mfoste1
it was all downhill for him after lord of war....
The Rock.
Only expectation matters . . .
  • #257,831
  • Jun 14, 2010 7:41pm Jun 14, 2010 7:41pm
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  • #257,832
  • Jun 14, 2010 7:43pm Jun 14, 2010 7:43pm
Quoting RebelRed
Thanks. Going to burn a Dollar now. I just saw a can't miss forex robot that claims to make money. In the example, it made about 57 trades to make 200 pips. Um . . .
So an average of 3.5 pips per trade? Even if it never ever failed and was successful 100% of the time, the spread would kill any hope of ever making a profit with such piece of crap.
Not all sins are created equal
  • #257,833
  • Jun 14, 2010 7:46pm Jun 14, 2010 7:46pm
Quoting Jay Walker
So an average of 3.5 pips per trade? Even if it never ever failed and was successful 100% of the time, the spread would kill any hope of ever making a profit with such piece of crap.
Add commission and your stuck like chuck. At least you'll make money back on tax loss write offs.
  • #257,834
  • Jun 14, 2010 7:47pm Jun 14, 2010 7:47pm
Quoting Jay Walker
So an average of 3.5 pips per trade? Even if it never ever failed and was successful 100% of the time, the spread would kill any hope of ever making a profit with such piece of crap.
Yes. It's hillarious. What's even better is all these scam bots are touting results of historical paper trading. I can do that much. Just tweak a system until it would of worked in the past. Done. And then watch it fail in the future.
Only expectation matters . . .
  • #257,835
  • Jun 14, 2010 7:57pm Jun 14, 2010 7:57pm
Quoting RebelRed
Yes. It's hillarious. What's even better is all these scam bots are touting results of historical paper trading. I can do that much. Just tweak a system until it would of worked in the past. Done. And then watch it fail in the future.
Yeah, I backtested a 6 and 14 EMA crossover system on the EUR/JPY with 45 minute candlesticks and traded it for 3 months. The results were craptastic, lol. The weird thing is, the backtesting had shown 800k in profits in 3 months with just one standard lot. I was a little stunned at the time.
  • #257,836
  • Jun 14, 2010 8:01pm Jun 14, 2010 8:01pm
Quoting RebelRed
Yes. It's hillarious. What's even better is all these scam bots are touting results of historical paper trading. I can do that much. Just tweak a system until it would of worked in the past. Done. And then watch it fail in the future.
I used to try to stop people from using this. But not anymore.

Hey, if they want to bust their accounts 3.5 pips at a time, they can go ahead and do it.
Not all sins are created equal
  • #257,837
  • Jun 14, 2010 8:03pm Jun 14, 2010 8:03pm
Quoting clambill
Yeah, I backtested a 6 and 14 EMA crossover system on the EUR/JPY with 45 minute candlesticks and traded it for 3 months. The results were craptastic, lol. The weird thing is, the backtesting had shown 800k in profits in 3 months with just one standard lot. I was a little stunned at the time.
100% of backtests are successful.
Not all sins are created equal
  • #257,838
  • Jun 14, 2010 8:04pm Jun 14, 2010 8:04pm
Quoting Jay Walker
I used to try to stop people from using this. But not anymore.

Hey, if they want to bust their accounts 3.5 pips at a time, they can go ahead and do it.
What are you talking about Jay....$99.99 bots are great! They must work, right? I mean, since the creators are selling them and all....
  • #257,839
  • Jun 14, 2010 8:05pm Jun 14, 2010 8:05pm
Quoting Jay Walker
Oh! By the way, longs are better hold on to their f@#king hats! This baby's got more south mojo it seems.
don't try this at home.
Inserted Video
those who can, do. those who cant, talk about those who can
  • #257,840
  • Jun 14, 2010 8:07pm Jun 14, 2010 8:07pm
Quoting Jay Walker
100% of backtests are successful.

I just did a backtest where I bought the EU before the Monday London session. Amazingly it worked.

I also bought the USD/CHF only when it reached 1360 (that's my system). And that worked too.

Well, I'm off to buy up a few neighborhoods over here before bed. All in a day's work.
Only expectation matters . . .
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