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Trading for a living. Are we forex-ready?

  • #41
  • Oct 26, 2010 4:40am Oct 26, 2010 4:40am
We trail the stop, locking +10 pips which equals to nearly 0,5 risk


Peter
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Click to Enlarge Name: usdcad 25.10.2010 base 5.gif Size: 21 KB
Jesus Christ is my only Lord !
  • #42
  • Oct 26, 2010 8:18am Oct 26, 2010 8:18am
Our first trade hit TP

We have got 60 pips - that means 3,16 r/r and that is $631,58

and the new acc. balance 10.631,58

Thank You Chris !

Peter
Jesus Christ is my only Lord !
  • #43
  • Oct 26, 2010 12:01pm Oct 26, 2010 12:01pm
Quoting hipcio
Our first trade hit TP

We have got 60 pips - that means 3,16 r/r and that is $631,58

and the new acc. balance 10.631,58

Thank You Chris !

Peter

I have to comment on that trade that we were lucky because at the minimum price nearly reached our sl - we were saved by 1 pips, and also it was rather long trade. It took us about 20 hrs.

Peter
Jesus Christ is my only Lord !
  • #44
  • Oct 26, 2010 12:51pm Oct 26, 2010 12:51pm
Watching usd/cad for short and aud/usd for long.

Peter
Jesus Christ is my only Lord !
  • #45
  • Oct 26, 2010 3:38pm Oct 26, 2010 3:38pm
Quoting hipcio
I have to comment on that trade that we were lucky because at the minimum price nearly reached our sl - we were saved by 1 pips, and also it was rather long trade. It took us about 20 hrs.

Peter
This is not too much time to earn six hundres $
  • #46
  • Oct 26, 2010 4:12pm Oct 26, 2010 4:12pm
Quoting oneeuro
This is not too much time to earn six hundres $

Yep, mate

Peter
Jesus Christ is my only Lord !
  • #47
  • Oct 26, 2010 4:24pm Oct 26, 2010 4:24pm
Quoting hipcio
Watching usd/cad for short and aud/usd for long.

Peter
watching only aud/usd

Peter
Jesus Christ is my only Lord !
  • #48
  • Oct 26, 2010 4:35pm Oct 26, 2010 4:35pm
Quoting hipcio
watching only aud/usd

Peter
the chart aud/usd

Peter
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Jesus Christ is my only Lord !
  • #49
  • Oct 26, 2010 5:14pm Oct 26, 2010 5:14pm
aud/usd
buy limit 0.9838 SL 0.9815 TP1 0.9906 TP2 0.9996

Peter
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Click to Enlarge Name: audusd base1.gif Size: 18 KB
Jesus Christ is my only Lord !
  • #50
  • Oct 26, 2010 5:18pm Oct 26, 2010 5:18pm
Quoting hipcio
aud/usd
buy limit 0.9838 SL 0.9815 TP1 0.9906 TP2 0.9996

Peter
we open two positions risking 106,31 (1%) on each

Peter
Jesus Christ is my only Lord !
  • #51
  • Oct 27, 2010 12:50am Oct 27, 2010 12:50am
Quoting hipcio
aud/usd
buy limit 0.9838 SL 0.9815 TP1 0.9906 TP2 0.9996

Peter
second trade lost -$212,62

current acc. balance: $ 10418,96

Peter
Jesus Christ is my only Lord !
  • #52
  • Oct 27, 2010 4:27am Oct 27, 2010 4:27am
Criticizing demo trading for traders is like critisizing practicing for the profesional athlete or musician. Pure silliness.

Sure, the crowd can get you pumping but you need to hone your craft on the practice field or in the studio. And yes, your real performance may suffer a bit "during the match or show." But your solid training should get you through the day.

Besides, trading capital is very precious and must not be wasted while you are figuring out the details of your rock solid trading plan.

And thanks for the Poland info :-)
  • #53
  • Oct 27, 2010 7:14am Oct 27, 2010 7:14am
Quoting Cooly
Criticizing demo trading for traders is like critisizing practicing for the profesional athlete or musician....
Yes, I completly agree with You Cooly. I do trade real small account and keep bigger ammount on my buffer acc. ready when I am ready too
And all the time I do trade on demo. Here I post one method - that we trade life also, and I have the other account where I master the other method on daily.
Best, profitable traders that I know, do demo trade !

Thank You for watching vids

Best wishes
Peter
Jesus Christ is my only Lord !
  • #54
  • Oct 27, 2010 7:22am Oct 27, 2010 7:22am
Quoting Cooly
Criticizing demo trading for traders is like critisizing practicing for the profesional athlete or musician. Pure silliness.

Sure, the crowd can get you pumping but you need to hone your craft on the practice field or in the studio. And yes, your real performance may suffer a bit "during the match or show." But your solid training should get you through the day.

Besides, trading capital is very precious and must not be wasted while you are figuring out the details of your rock solid trading plan.

And thanks for the Poland info :-)
some good points.

demo trading has its place for sure, but you can't get lost in it. there are things you can only learn from trading live. these aspects in my opinion are the hardest parts........

trade small but at a stage you have to go live........

cheers
  • #55
  • Oct 27, 2010 7:31am Oct 27, 2010 7:31am
Quoting >Apocalypto<
some good points.

demo trading has its place for sure, but you can't get lost in it. there are things you can only learn from trading live. these aspects in my opinion are the hardest parts........

trade small but at a stage you have to go live........

cheers
Hey Apocalypto,
I have read Your profile, and ...quickly added hipcio to my buddy list
Yes, You are very right - a man must belive in himself first,

Thank You
Peter
Jesus Christ is my only Lord !
  • #56
  • Oct 28, 2010 4:10am Oct 28, 2010 4:10am
Watching eur/usd for short position

Peter
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Jesus Christ is my only Lord !
  • #57
  • Oct 28, 2010 5:57am Oct 28, 2010 5:57am
here is where I look for short, at the confluance area

Peter
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Jesus Christ is my only Lord !
  • #58
  • Oct 28, 2010 6:51am Oct 28, 2010 6:51am
or maybe a litle ealier, waiting for close ...

Peter
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Jesus Christ is my only Lord !
  • #59
  • Oct 28, 2010 7:19am Oct 28, 2010 7:19am
no, not yet eu is still looking for the confluance area,

Peter
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Jesus Christ is my only Lord !
  • #60
  • Oct 28, 2010 7:55am Oct 28, 2010 7:55am
watching usd/cad also
looks like coming back to the box ? - if it forms PA?

Peter
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Jesus Christ is my only Lord !
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