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  • #342,441
  • Dec 8, 2010 4:19pm Dec 8, 2010 4:19pm
Bond guys are expecting about 5% for China CPI and this could force the PBOC to hike rate this weekend. Any expectations from the FX world?
  • #342,442
  • Dec 8, 2010 4:19pm Dec 8, 2010 4:19pm
Quoting paulrotter
I wouldn't lie to you. Sure - I'm sure there are some traders who make 34% one month and then lose 40 the next. But... NO TRADER OR ORG IN the HISTORY of any FINANCIAL market has made 34% month over month. Bill Gates would be doing your dishes and Warren your windows.

There are traders that make 34% per month consistently. Some of them do a LOT more than that CONSISTENTLY. I deal with a lot of traders mainly from Asia...Singapore,Malaysia,China and Hong Kong to be specific. You won`t see them hanging around forums firstly because they just won`t be bothered and secondly because of language problems.

Most of them trade a set of accounts , an investment account/s and a "speculation" account. The speculation account is traded with a higher risk profile than the investment account and the profits are withdrawn or moved into the investment account on a regular basis ....some do it daily/weekly.

There are certainly traders that make serious money on a regular basis....consistently.

I don`t want to start up a pointless debate whether it is possible to make 34%/month consistently.
Because you don`t see them does not mean they do not exist?
" Never let the past hold the future to ransom "
  • #342,443
  • Dec 8, 2010 4:20pm Dec 8, 2010 4:20pm
Quoting PayTheLimit
closed at 3260 earlier, -40, nite
Sorry mate. All alarms for closing shorts triggered in this close H4 here too. Piss me off to have to move from bed to exit before my stops are hitted. A very poor trade overall for such a potential trade (all + from the intraday targets and all - from daily as none of the daily target were hit).

It is such a good r:r that as long as the last intraday R is holding I will have all eyes on the same entries as yesterday.

Well as they said, a reentry or an opposite trade are just one commission away... we'll see tomorrow new opportunities.

Good luck to all trading overnight

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #342,444
  • Dec 8, 2010 4:23pm Dec 8, 2010 4:23pm
e/u was bullisch in the last hours - i expect that it's breaking. the target is 1.3330-40.
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Pecunia non olet
  • #342,445
  • Dec 8, 2010 4:28pm Dec 8, 2010 4:28pm
Quoting Larseg
My majority of income comes from stock trading and there's not a single place I haven't been after one working day, I spend more time on boston.financialchat (IRC) though....

The % is more dependant on how big your account is, if you get 50% one month its probably a small account... cause you wouldn't risk 50k for getting 70k... you know what I mean...
Hi,

I understand where youare coming from.

My point was that by thinking it's not possible you are limiting yourself.
If you can loose 34% of your account in one month I don't see why the reverse is not possible.

May be one way would be to get a newbie and just trade the opposite of what he/she does
)
  • #342,446
  • Dec 8, 2010 4:30pm Dec 8, 2010 4:30pm
Super tempted to take a short here with s/l above 80 but there are a couple of reasons why I cant:

USD/JPY at strong upper resistance and so am short there...

Eur/Jpy is also a candidate for a short 30 pips higher up...

GBP/USD is looking ready for a little short and am already in there, s/l 40 pips...

Aud/USD close to LTL on daily...

As you can see... no clear picture...

Am thinking of taking trades on each one of these close to S/R with tight s/l. The result being losses of up to 40 pips but winners of up to 100 pips... not bad. will decide soon, already short cable and U/J... Will short Eur/Jpy at 65 with s/l at 90...

Good Luck all! Think the Dollar rally is over but that is yet to be seen
@pawpaw1000 on Twitter
  • #342,447
  • Dec 8, 2010 4:30pm Dec 8, 2010 4:30pm
What happened to 1.3110...LOL did we go there yet... and did I miss it?? did anyone lose a left nut???
I'll pick up the crumbs don't need the whole pie
  • #342,448
  • Dec 8, 2010 4:30pm Dec 8, 2010 4:30pm
Quoting BrunargarFx
Hi,

I understand where youare coming from.

My point was that by thinking it's not possible you are limiting yourself.
If you can loose 34% of your account in one month I don't see why the reverse is not possible.

May be one way would be to get a newbie and just trade the opposite of what he/she does
)
This has been discussed numerous times and mentioned in books. In short - doing the oposite of loosing trades doesn't make a system/method profitable. Period.
  • #342,449
  • Dec 8, 2010 4:40pm Dec 8, 2010 4:40pm
Quoting BrunargarFx
Hi,

I understand where youare coming from.

My point was that by thinking it's not possible you are limiting yourself.
If you can loose 34% of your account in one month I don't see why the reverse is not possible.

May be one way would be to get a newbie and just trade the opposite of what he/she does
)
Just be careful and don't knock us newbies. I have only been trading since 25th October and have 2 accounts, one taking more risk than the other. But both are in profit, the speculative one over 50% in 6 weeks, and the one where I follow my trading plan (most of the time) along with MM and RR, as I have read a lot before starting is at 26% in the same time frame.
  • #342,450
  • Dec 8, 2010 4:50pm Dec 8, 2010 4:50pm
good buying opportunities in usd/chf now, for those with a bullish bias..
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  • #342,451
  • Dec 8, 2010 5:04pm Dec 8, 2010 5:04pm
Quoting PayTheLimit
closed at 3260 earlier, -40, nite
Some people do great in the type of mkt we had today, others like me, well lets just say I couldnt trade my way out of a wet paper bag in todays mkt. I was lucky enough to make some pips early this morning but knew to get the heck out of dodge once it began to trade in a tight range so I went out and enjoyed life. It took me a few yrs and it cost a lot of money to learn how to do that.lol
  • #342,452
  • Dec 8, 2010 5:07pm Dec 8, 2010 5:07pm
I was joking man,

That's all for me today. Will have a fresh look at things tomorrow
Have a good evening/morning all!



Quoting Ulterior
This has been discussed numerous times and mentioned in books. In short - doing the oposite of loosing trades doesn't make a system/method profitable. Period.
  • #342,453
  • Dec 8, 2010 5:10pm Dec 8, 2010 5:10pm
Chrisl,
Didn't you see the smileys? I was joking.
We are all learners - I would not knock down newbies.
I'm glad you are successful m8. Keep on the good work
B.


Quoting chrisl
Just be careful and don't knock us newbies. I have only been trading since 25th October and have 2 accounts, one taking more risk than the other. But both are in profit, the speculative one over 50% in 6 weeks, and the one where I follow my trading plan (most of the time) along with MM and RR, as I have read a lot before starting is at 26% in the same time frame.
  • #342,454
  • Dec 8, 2010 5:12pm Dec 8, 2010 5:12pm
Quoting BrunargarFx
Chrisl,
Didn't you see the smileys? I was joking.
We are all learners - I would not knock down newbies.
I'm glad you are successful m8. Keep on the good work
B.
No worries mate, I will try my best

green pips to all
  • #342,455
  • Dec 8, 2010 5:14pm Dec 8, 2010 5:14pm
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting Quickiepip
What happened to 1.3110...LOL did we go there yet... and did I miss it?? did anyone lose a left nut???
I think gator did, lol.
  • #342,456
  • Dec 8, 2010 5:18pm Dec 8, 2010 5:18pm
patience, he said 3110 before 3400
  • #342,457
  • Dec 8, 2010 5:48pm Dec 8, 2010 5:48pm
Quoting Mr Hatch
patience, he said 3110 before 3400
I agree with the 31XX area forecast on the H4 and Daily TF, lets see what happens
"Your Best trade is a loss with minimum risk"
  • #342,458
  • Dec 8, 2010 5:59pm Dec 8, 2010 5:59pm
Quoting Ulterior
Hi Larseg, what in your opinion would be a good profit/dd ratio (in percent) for a good algo system?

Rgrds
Hi!

That depends on what you are trading but with EU you should be able to find a system that gives you 50-75% win rate with profit factor 3 or more...

Another hint looing at the 5M chart with MA 360/105
SL 30/ TP 85

Would have given you 800 pips last 2 months and 50% profitable trades with a drawdown of 115 pips at maximum...

This is of course just one way of doing it and is def. not the best way but it works...

GL don't complicate it too much either..
  • #342,459
  • Dec 8, 2010 6:00pm Dec 8, 2010 6:00pm
Quoting SkullCandy
! (y) thats why i added you to my buddies list. When i will start making good money, first my vacation bill be to your country,and ill find you. And gues what, we have something to discus about,ofcourse with Jack Daniels on the table
do i have to wear shoes r shirt ?
those who can, do. those who cant, talk about those who can
  • #342,460
  • Dec 8, 2010 6:01pm Dec 8, 2010 6:01pm
Quoting kill56
here u go enjoy
thanks
those who can, do. those who cant, talk about those who can
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