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Cable Update (GBPUSD)

  • #250,181
  • Sep 1, 2010 2:58am Sep 1, 2010 2:58am
I am offered to manage 10K account for:usd500 monthly+10% of profit.
Is the offer good? What are nomal conditions for asset management?
  • #250,182
  • Sep 1, 2010 2:59am Sep 1, 2010 2:59am
Quoting trending
Hey thanks. That's the kind of post I like. An alternative view to an opinion.

I'm a bit paranoid, so day trade only. I prefer strategies with a well defined entry and exit points. So volume and market behavior really don't work well for me, even moving averages frustrates me. I look at volume just to know that the market is moving.

Channels, fibs and patterns are my cup of tea.

Ironically entered at the break and retouch of 15 min bear flag and close at the weekly S1. It seems to be moving towards the monthly pivot mentioned earlier.
how can i check the volume pls
  • #250,183
  • Sep 1, 2010 3:00am Sep 1, 2010 3:00am
Quoting wormboy
and the monthly pvp which was previously the floor, is now the new ceiling.
A bearish hourly close will confirm continuation.

Good luck
Now that we are into a new month, are these comments based on previous MP or new MP, (or does it apply to both as our PA is below both MP's)

Thanks
  • #250,184
  • Sep 1, 2010 3:02am Sep 1, 2010 3:02am
Quoting meromar
I am offered to manage 10K account for:usd500 monthly+10% of profit.
Is the offer good? What are nomal conditions for asset management?

If you know how to trade then no. If you do not know how to trade then you will loose it soon and you will not have that problem
  • #250,185
  • Sep 1, 2010 3:06am Sep 1, 2010 3:06am
Quoting Saffer
Now that we are into a new month, are these comments based on previous MP or new MP, (or does it apply to both as our PA is below both MP's)

Thanks
Thank you for bringing that up. I forgot today is the new month & had completely missed it & you had me looked. 5420 was the previous pvp. Current monthly pvp is now @5575.

I owe you one
Thank You
  • #250,186
  • Sep 1, 2010 3:13am Sep 1, 2010 3:13am
Quoting wormboy
Thank you for bringing that up. I forgot today is the new month & had completely missed it & you had me looked. 5420 was the previous pvp. Current monthly pvp is now @5575.

I owe you one
A Pleasure!!
  • #250,187
  • Sep 1, 2010 3:16am Sep 1, 2010 3:16am
Quoting wormboy
Thank you for bringing that up. I forgot today is the new month & had completely missed it & you had me looked. 5420 was the previous pvp. Current monthly pvp is now @5575.

I owe you one
I get 1.5557 for new Monthly PVT? (You typing too fast?)
  • #250,188
  • Sep 1, 2010 3:20am Sep 1, 2010 3:20am
Quoting meromar
I am offered to manage 10K account for:usd500 monthly+10% of profit.
Is the offer good? What are nomal conditions for asset management?
Why bother?

IF you double this account in the next month, it will pay you $1500, $500 + 10%...so, if you can take an account worth 10k and double it for yourself, you would make $8500 more.

Hrmmmm
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #250,189
  • Sep 1, 2010 3:26am Sep 1, 2010 3:26am
[quot I passed a month test last year trading 50K demo for usd300 free time and made usd117K in 2 months out of initial usd100K demo , they watched it and liked it. What are the good conditions then for trading 10K live free time after job at the American session=KwAAkS;3992239]If you know how to trade then no. If you do not know how to trade then you will loose it soon and you will not have that problem[/quote]
  • #250,190
  • Sep 1, 2010 3:26am Sep 1, 2010 3:26am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Hey Magix, I smell fishy


Quoting Magix
Why bother?

IF you double this account in the next month, it will pay you $1500, $500 + 10%...so, if you can take an account worth 10k and double it for yourself, you would make $8500 more.

Hrmmmm
  • #250,191
  • Sep 1, 2010 3:28am Sep 1, 2010 3:28am
Quoting meromar
[quot I passed a month test last year trading 50K demo for usd300 free time and made usd117K in 2 months out of initial usd100K demo , they watched it and liked it. What are the good conditions then for trading 10K live free time after job at the American session=KwAAkS;3992239]If you know how to trade then no. If you do not know how to trade then you will loose it soon and you will not have that problem
[/quote]

lot of people make money on demo. real money is whole different world....
  • #250,192
  • Sep 1, 2010 3:28am Sep 1, 2010 3:28am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
After FOMC minutes, my order was kicked and SL was saved just by 2-3 pips I gues..

anyhow, doing a BE now.

ta
ams


Quoting ams
anybody else think this is a dodgy move?

I am buying @ 535xx PO with tight 30 pip SL


ta
ams
  • #250,193
  • Sep 1, 2010 3:30am Sep 1, 2010 3:30am
Quoting meromar
I am offered to manage 10K account for:usd500 monthly+10% of profit.
Is the offer good? What are nomal conditions for asset management?
It is a good offer.
Giving 5% yield plus some earnings. "If you know how to trade" then you won't have problems running this account together with your private trading activities. And I believe that no one can double his account on a monthly basis. Regular sustainable growth of 5-10% is a pretty good achievement.
  • #250,194
  • Sep 1, 2010 3:31am Sep 1, 2010 3:31am
Quoting Saffer
I get 1.5557 for new Monthly PVT? (You typing too fast?)
Good Morning,

on my fxcm mt4 demo i also have 1.5557.
Depends on broker.
  • #250,195
  • Sep 1, 2010 3:34am Sep 1, 2010 3:34am
Good day to you,

Chart from yesterday still valid. Notice how price has respected the extended Gann angle line from last week. It has latched onto the daily Gann angle going north.

Any fresh longer term shorts can be attempted below 1.5346. Watch 1.5369 (the low of last week) - this may offer interim support. A clear break down from 1.5369 should take us back to 1.5346 - a further break here will catch the angle to go to 1.5324 and then 1.5225/1.5230 area.

If 1.5346 holds and price pushes higher, we may see an attempt to 1.5485 / 1.5490

Regards

PS - ok - as I am typing, price is attacking 1.5369 and 1.5346....Meh
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  • #250,196
  • Sep 1, 2010 3:35am Sep 1, 2010 3:35am
Quoting Magix
Why bother?

IF you double this account in the next month, it will pay you $1500, $500 + 10%...so, if you can take an account worth 10k and double it for yourself, you would make $8500 more.

Hrmmmm
I warned them that 5% profit a month is a normal profit, they agreed.
Is it worth wasting time and nerves for such money. I told that the account must be at least usd50K
  • #250,197
  • Sep 1, 2010 3:35am Sep 1, 2010 3:35am
Quoting JanPoko
It is a good offer.
Giving 5% yield plus some earnings. "If you know how to trade" then you won't have problems running this account together with your private trading activities. And I believe that no one can double his account on a monthly basis. Regular sustainable growth of 5-10% is a pretty good achievement.
That's the point there friend.

IF he makes 5% on the account, he will make more then the investor....Good luck in collecting $550 on a $500 profit.

A pull of 10% would pull $600 on a $1000 profit leaving the investor with 4%...again, good luck in collecting.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #250,198
  • Sep 1, 2010 3:36am Sep 1, 2010 3:36am
Quoting Saffer
I get 1.5557 for new Monthly PVT? (You typing too fast?)
nope, mine's 5575. slight difference as dag mentioned depends on the broker.
anyhoo .. the 420 resistance seemed to have done the trick regardless, & since I'm still selling this mutha ... Down periscope

Good luck to you
Thank You
  • #250,199
  • Sep 1, 2010 3:40am Sep 1, 2010 3:40am
Quoting meromar
I warned them that 5% profit a month is a normal profit, they agreed.
Is it worth wasting time and nerves for such money. I told that the account must be at least usd50K
It really is up to you meromar...If you are comfortable trading somebody elses account with the low amount and low profit for you...feel free, and don't let anybody talk you out of this.

Really, any extra cash in the back hipster is all good. But if you are taking 5-10% on a 10k account, you really have to ask yourself if you are comfortable working for this kinda scratch.

Yeah, if you get into the 50-100k range, it's a little more risk, but you stand a little more to prosper.

Either way dude, if this is the industry that you are wanting to walk into, starting with a 10k account isn't terrible with the 500 and 10%. There is a little more psychology playing with somebody elses account.

IF they are willing to grow with you as a trader, giver a whirl. Really, what do you have to lose?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #250,200
  • Sep 1, 2010 3:45am Sep 1, 2010 3:45am
Quoting Magix
That's the point there friend.

IF he makes 5% on the account, he will make more then the investor....Good luck in collecting $550 on a $500 profit.

A pull of 10% would pull $600 on a $1000 profit leaving the investor with 4%...again, good luck in collecting.
That's why I am saying it is a good offer. Speaking on behalf of the trader who asked. Investor did not.
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