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  • #416,181
  • Mar 31, 2011 4:39am Mar 31, 2011 4:39am
Quoting BrunargarFx
Well it's not a bad place to enter a short...
but my question would be the R/R ratio Joeseph is using before he enters his trades. Anyway he's right about his daily target: you don't need to make a lot of pips a day really (espcecially if you have a large account).
You are spot on my friend, small consistant gains can be all you need to win at this game. Always chasing the big trades can send you broke so fast it will make your wife's head spin.

If you run the numbers (and I have) and with a small starting balance of say $1,000 and by trading 1 mini lot for every $1000 in your account -

10 pips/day = just over $8K / year
20 pips/day = around $99K / year
30 pips/day = a little over $1.2M / year

By keeping it small and staying in profit - life could be real sweet
Australians wouldn't give a 'Forex' for anything else...
  • #416,182
  • Mar 31, 2011 4:40am Mar 31, 2011 4:40am
Quoting navhin
even au going up....
this is what i warned against, couple of pages back.

Quoting fxvoilaaa
yeah just be careful it doesn't break the trend line...
  • #416,183
  • Mar 31, 2011 4:41am Mar 31, 2011 4:41am
Quoting sriramsh
See I already posted my chart a couple of days back when I was telling everyone to buy at 1.4060.... hoping it would reach 1.44 levels this week, but the uptrend has begun on the last day of monthly close which doesnt look good, hence it has to reverse back later during NY to some extent, finish the monthly close, begin a new candle, reverse back a bit to the 1.41 levels or even 1.4070 levels and then head back up... As long as EU is above 1.4060, the uptrend is still valid....

http://www.forexfactory.com/showthre...98#post4507698...
if this turns out to be true, then you're clearly pretty good.
  • #416,184
  • Mar 31, 2011 4:42am Mar 31, 2011 4:42am
Hate it when FXCM f*cks with my spread,
  • #416,185
  • Mar 31, 2011 4:42am Mar 31, 2011 4:42am
Yep,

PS: I like the ref to the wife


Quoting kickarz
You are spot on my friend, small consistant gains can be all you need to win at this game. Always chasing the big trades can send you broke so fast it will make your wife's head spin.

If you run the numbers (and I have) and with a small starting balance of say $1,000 and by trading 1 mini lot for every $1000 in your account -

10 pips/day = just over $8K / year
20 pips/day = around $99K / year
30 pips/day = a little over $1.2M / year

By keeping it small and staying in profit - life could be real sweet
  • #416,186
  • Mar 31, 2011 4:43am Mar 31, 2011 4:43am
Quoting fxvoilaaa
if this turns out to be true, then you're clearly pretty good.
thanx for your compliment...
  • #416,187
  • Mar 31, 2011 4:45am Mar 31, 2011 4:45am
Quoting Krypt0n1te
Hate it when FXCM f*cks with my spread,
move to fxopen. better spreads than fxcm.
  • #416,188
  • Mar 31, 2011 4:46am Mar 31, 2011 4:46am
Quoting sriramsh
thanx for your compliment...
lets call it... a potential compliment.
  • #416,189
  • Mar 31, 2011 4:46am Mar 31, 2011 4:46am
Quoting fxvoilaaa
oh no, not another gartley proponent.

just never find gartley to be accurate enough, probably only 50/50.
Who say that's ??

Watch @ D3 Resistance...

HINT : Yesterday my Posted #13754 Mar 29, 2011 2:30pm


Always looking the GREAT, never left GOOD Point...
  • #416,190
  • Mar 31, 2011 4:46am Mar 31, 2011 4:46am
Quoting fxvoilaaa
if this turns out to be true, then you're clearly pretty good.
Also, another post below which I was holding a position in red at 1.4174 which I have closed now.... since I knew it would be in profit...

http://www.forexfactory.com/showthre...76#post4508176
  • #416,191
  • Mar 31, 2011 4:48am Mar 31, 2011 4:48am
Quoting fxvoilaaa
move to fxopen. better spreads than fxcm.
will definitely consider!

Bizarre how they show 2.3 and you enter with PA and you see -4.2 appear on your screen!
  • #416,192
  • Mar 31, 2011 4:49am Mar 31, 2011 4:49am
Quoting fxvoilaaa
lets call it... a potential compliment.
yeah why not... potential compliment... but only time will tell... I try to be right most of time but dont post too much... but occasionally just to aid some users here I post some entries... when I find most people lost... at times.. in determining whether its an up or downtrend...
  • #416,193
  • Mar 31, 2011 4:49am Mar 31, 2011 4:49am

If you have a look at USDX, you seem to be on the right track. I'm also expecting a bounce at this level (supply, confluence of UTL, USDX etc...). Closed my longs atm and took a short.
Agree as well that the trend is still Long

Quoting sriramsh
See I already posted my chart a couple of days back when I was telling everyone to buy at 1.4060.... hoping it would reach 1.44 levels this week, but the uptrend has begun on the last day of monthly close which doesnt look good, hence it has to reverse back later during NY to some extent, finish the monthly close, begin a new candle, reverse back a bit to the 1.41 levels or even 1.4070 levels and then head back up... As long as EU is above 1.4060, the uptrend is still valid....

http://www.forexfactory.com/showthre...98#post4507698...
  • #416,194
  • Mar 31, 2011 4:50am Mar 31, 2011 4:50am
Quoting forexcompoun
Hi all,
I suggest that traders buy EU @ 1.4084 (price already touched the level) TP 1.4174 SL 100pips.
Reason for entry: Price is in a rising channel and just re-tested support @ 1.4084 plus probable bearish butterfly forming on 1hr tf.
Find chart attached.
Happy trading!
Meshach.
Nice and easy. This is my 2nd trade call for EURUSD this since Friday around market close and it yielded 90pips profit.
call1 had 83pips
Call2 had 90pips
Total 173pips

Lets keep going.

Life really can be easy once God grants a man wisdom. With wisdom you apply less strength.
Happy trading!
Meshch
  • #416,195
  • Mar 31, 2011 4:53am Mar 31, 2011 4:53am
Quoting Tsar
Who say that's ??

According to gartley fan boys, they're 70% accurate on their OWN. Which is just not true.
  • #416,196
  • Mar 31, 2011 4:54am Mar 31, 2011 4:54am
Quoting BrunargarFx

If you have a look at USDX, you seem to be on the right track. I'm also expecting a bounce at this level (supply, confluence of UTL, USDX etc...). Closed my longs atm and took a short.
Agree as well that the trend is still Long
Cool, but I usually dont take shorts here since the damn EU, behaves erratically and sometimes, doesnt behave the way I think... and reverses mid way so as the prices retraces, I slowly get into buy positions with a gap of 25 to 30 pips... and start to build my positions for the future uptrend...
  • #416,197
  • Mar 31, 2011 4:54am Mar 31, 2011 4:54am
Quoting Krypt0n1te
will definitely consider!

Bizarre how they show 2.3 and you enter with PA and you see -4.2 appear on your screen!
i know, pisses me off.

i'm not saying fxopen has the best spreads in the world, but they're good, and very importantly, execution is fast (since they're an ecn).
  • #416,198
  • Mar 31, 2011 4:56am Mar 31, 2011 4:56am
Quoting sriramsh
yeah why not... potential compliment... but only time will tell... I try to be right most of time but dont post too much... but occasionally just to aid some users here I post some entries... when I find most people lost... at times.. in determining whether its an up or downtrend...
well, lots of newbies come on these forums just to see what members are doing, and they copy what's written here.

so the more accurate calls here we have, the better.
  • #416,199
  • Mar 31, 2011 4:57am Mar 31, 2011 4:57am
Quoting josef
Thanks man.

20 pips per day is 400 pips per month. It is 4800 pips in a year ! I can leave with that.

I'm taking short for another 10 pips at 1.4225. - Let's wait what it will bring me.
Also close with TP. Let's wait for next trades.
  • #416,200
  • Mar 31, 2011 4:59am Mar 31, 2011 4:59am
i am currently long the Euro with gain of 275 pips

rationale: continued dollar weakness USDX at 75.74 from 76 levels
euro on uptrend, retesting 1.42's, even with Spain on the verge of a bailout and downgraded credit rating, Ireland with bank stress tests having investors nervous the movement of the pair has not changed.

oil prices resuming uptrend and gas prices creating inflation, chocking off cash surpluses for ordinary americans the dollar will continue its path unless the fed step in.

the Fed are quiet on the dollar, houses deflating are keeping interest rates low.
AVT INVENIAM VIAM AVT FACIAM
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