paulus please if you can contact me at [email protected] i need to speak to you about this system...
thanks in advance
Luis.
thanks in advance
Luis.
How to use the 123 strategy effectively
- #545
- Dec 24, 2010 7:32am Dec 24, 2010 7:32am
demo accounts can always be renewed, but not your capital
why not just demo (using your risk capital as the nominal demo amount) for a couple of months until completely comfortable with it and then go live... there is no expiry date on the fx market
I prefer to test in "live" conditions, and I want to test in a way that is somewhat meaningful...my "side" account at OANDA is just a sub worth $10...which is now $10.47!
One of the good things about OANDA is the ability to do this....very small amounts of money....I believe FXCM allows for some very low amounts too and micro-lot trading...something to check into.Speaking to the OANDA crashes...my background has been as a scalper for the last two years (on and off...life has gotten in the way more than once)....I was training on the Rainbow MMA method (otherwise known as Cyrox....here is a link to the thread here on FF), and I had very modest success...I'm not the type to "blow" accounts then talk lustily about it; I am very careful and about 90% of my trading for the last five years has been on demo...I have seen those platform crashes, but due to the nature of "scalping" (in and out), almost always those crashes have happened when I'm not in the market....blah blah blah
Concerning this method, it reminds me very much of some of the scalping I did before (believe it or not)....looking for tops and bottoms is one scalping strategy, and doing the 1-2-3 on the 5 minute (or larger) TF is like doing the aforementioned in slow motion, which I like very much!
Lastly, as has been mentioned here, the markets are fractal (although I half-jokingly call them quasi-fractal because of the noise on the lower levels [lol even on the 5 minute time frame....check out the down spike on December 24 at 0055 UTC on the EU! Bet that took out some stops...]. I'm seeing many of the same movements on the 5 second timeframe as we do here in the 5 minute situation....the Ross hooks appear to have promise on the quicker TFs, but I'm still looking into that...nonetheless, tradestar1 is correct in there should be focus and we likely need only one "method" to be successful...nonetheless, the Paulus method is one that I'm adopting as one method, and my scalping is something I will continue to refine...
btw...that is one of the best applications I find for the rainbow MMA, the depth of a move and the registering of the waves....here is an example:
http://i13.photobucket.com/albums/a2...2420100001.jpg
OK that's it....it's Christmas Eve and the family will kill me if I don't get back to merry making...seasons greeting to all, many pips to all, and to all, happy trading!
Regards,
Jeff
Although I can not speak for Paulus, I doubt he wants to start giving us all private tutorials.
We all owe a huge thanks to Paulus for sharing his expertise, and I think to ask him to give private lessons is going too far.
As I see you are fairly new to forexfactory, I guess you don't understand how tiring it can be to support a thread and answer all the questions that are posted publicly....to start answering questions privately may be the straw that broke the camels back
Best wishes for the holidays.
hi PG, my intents are not to have private lessons from paulus, but do not understand me wrong i would be honored to be one of the fortunate to be teached from paulus, but is not my intentions, i already have some kind people that is added me to yahoo and I did not ask them to be give me private tutos, my intention is to get on contact and speak with people with pretty much experience than me, only to give kind advices from some errors common errors I make, by the way feel free to add me to your yahoo i will gladly accept
, as I know that you also may constitute a good friend to talk about forex as you have pretty much experience than me.my learning curve is slowly but steadly rising up, and speaking with much experience people provides me a greater learning experiences ...
merry christmas
by the way got a profitable sell on E/U today. loocking for longs....
Regarding your question about being stopped out on your second trade........
You have to remember these markets during this time of year are NOT the norm.........
Liquidity is thin and prices are easily manipulated.
Price action will return to more normal cycles after the new year.
During the holidays you should be doing what the big dogs are doing..... Enjoy your time off, Enjoy your family, Enjoy your blessings.
thanks for your answer yes you are totally right
and thanks for the advice next time i'll be more carefull on holyday times ...merry christmas.
Luis
- #556
- Dec 27, 2010 7:37am Dec 27, 2010 7:37am
- Joined Sep 2010 | Status: I'm not here... or am I? | 4,000 Posts
Today's zone = Tomorrow's opportunity!
- #558
- Dec 27, 2010 8:45am Dec 27, 2010 8:45am
- Joined Sep 2010 | Status: I'm not here... or am I? | 4,000 Posts
Today's zone = Tomorrow's opportunity!
