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  • #428,821
  • Apr 26, 2011 9:42am Apr 26, 2011 9:42am
Quoting tornado11
Does anyone else think the P/A is somewhat strange the last 2 days?
Not strange at all
  • #428,822
  • Apr 26, 2011 9:44am Apr 26, 2011 9:44am
Quoting naser007
i think finish the up wave, and we have a down wave for short time to a big up to 1.5
I like it but I made one small modification to prevent the 1/4 overlap you had. It would also mean that major 3 of final (C) up would be completing with just 4 and 5 left to finish off the move.
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Don't have an ego. Always question yourself and your ability.
  • #428,823
  • Apr 26, 2011 9:44am Apr 26, 2011 9:44am
Quoting egkid
Hi guys
Who run to eat hot potato and Burn
I told u , Time very important
HI Egkid, i've just loged in, what do you think, up or down?
  • #428,824
  • Apr 26, 2011 9:45am Apr 26, 2011 9:45am
I need help, about impacts ant timing please!
  • #428,825
  • Apr 26, 2011 9:47am Apr 26, 2011 9:47am
Quoting PipChick
Not strange at all
certainly not more strange than last week..
  • #428,826
  • Apr 26, 2011 9:53am Apr 26, 2011 9:53am
I am new to this trading thing and before I place real mony down I am studing price ac tion. Just getting other views, Thanks for your comment.



Quoting PipChick
Not strange at all
  • #428,827
  • Apr 26, 2011 9:53am Apr 26, 2011 9:53am
Quoting TurboTrader1
Some of the best fund managers run ST,MT,LT models independent of the same pair...do you think they net out the positions? I am not sure how they manage the cash...TT
With my main forex broker I run three accounts.

1- Scalping
2- Main Account
3- Long Term

I redistribute profits on a weekly basis. I have a comfort zone in my scalping account, as far as lot size I like to trade with. As a result, at the end of each week, I move almost all of the profits into account 2. I do let it increment very slowly...maybe every three months, or so, I will add another 10k to my lot sizes. That part is a bit complex to explain, but anyway...to carry on...

My main account is more intra-day swing trades. This account compounds...and hopefully will continue to! This is also where I make withdrawals from to pay the monkey at the controls. At the end of each week, I shift a percentage of profits into Long Term account 3...

Account 3 is strictly for long term plays. Slow grower...low stress. This is basically where I try to outperform all of the pension funds I contributed to years ago...and it really isn't very difficult...the baxtards! I've a few years left till I hit 40. This account will be part of my old fella fund.

Anyway...brief overview of what I do. I have no CFTC rules to worry about anywhere. I hate the thought of FIFO...wouldn't really suit any of may styles. I do occasionally have both Long and Short trades open in my main account...but usually just to cover a brief retrace.

Think I'm rambling now...sorry.
  • #428,828
  • Apr 26, 2011 9:59am Apr 26, 2011 9:59am
bull 4 times failed - sell it quickly
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  • #428,829
  • Apr 26, 2011 9:59am Apr 26, 2011 9:59am
Thanks Ken! Makes sense....
  • #428,830
  • Apr 26, 2011 10:00am Apr 26, 2011 10:00am
Quoting TurboTrader1
Thanks Ken! Makes sense....
Cheers mate!
  • #428,831
  • Apr 26, 2011 10:01am Apr 26, 2011 10:01am
Quoting kenfen69
I've a few years left till I hit 40. This account will be part of my old fella fund.

Anyway...brief overview of what I do. I have no CFTC rules to worry about anywhere. I hate the thought of FIFO...wouldn't really suit any of may styles. I do occasionally have both Long and Short trades open in my main account...but usually just to cover a brief retrace.

Think I'm rambling now...sorry.
Nice, what does "pension funds I contributed to years ago" mean?

No such rules in Canada and not to come?
  • #428,832
  • Apr 26, 2011 10:07am Apr 26, 2011 10:07am
Quoting kenfen69
With my main forex broker I run three accounts.

1- Scalping
2- Main Account
3- Long Term

I redistribute profits on a weekly basis....
I like your explanation . I hate FIFO any thoughts for US traders to get around it besides having multiple accounts?

YaY! for old fella funds.

EDIT: I haven't looked into getting around fifo but its a pain in the arse
  • #428,833
  • Apr 26, 2011 10:10am Apr 26, 2011 10:10am
Quoting kenfen69
With my main forex broker I run three accounts.

1- Scalping
2- Main Account
3- Long Term

I redistribute profits on a weekly basis.
Interesting approach, kenfen69, thx.
  • #428,834
  • Apr 26, 2011 10:10am Apr 26, 2011 10:10am
Quoting Mr. Freeweed
I like your explanation . I hate FIFO any thoughts for US traders to get around it besides having multiple accounts?

YaY! for old fella funds.
You are a democracy, no?
  • #428,835
  • Apr 26, 2011 10:13am Apr 26, 2011 10:13am
Quoting frevd
You are a democracy, no?
ya =/
  • #428,836
  • Apr 26, 2011 10:20am Apr 26, 2011 10:20am
Quoting frevd
Nice, what does "pension funds I contributed to years ago" mean?
I've had my own businesses (one to start...more later), since I was 23....read: Self Employed. As such, I've pretty much always had to make my own pension contributions. Look at how much I made each year...calculate maximum allowable pension contribution...pay it into a fund. I have three separate ones. They are still worth less today than the total contributions I paid in! 2008 was a bitch! Nearly back to even now. I'm not bothered by the performance...I will make my own retirement fund through all of this. Main reason I contributed was to reduce tax bills. Was either put the funds in my name...or give it to the taxman! No brainer.

Quoting frevd
No such rules in Canada and not to come?
Not yet. Hear rumblings of it every now and then. I closed one big metals trade the other day with the only North American broker I had. As soon as funds hit my bank account, that account will be closed. It will take some time for those rules to come in here and then be enforced with oversees brokers, too. Although, I have seen a couple of brokers say...NO US citizens...and NO residents of British Columbia. I own a small piece of earth there...just a lot...but don't reside there.

In addition to that...I'm a blow in. Not a citizen...yet. Am also a bit of a rolling stone...they gather no moss. I LOVE to trot the globe! If push came to shove...I'll move!
  • #428,837
  • Apr 26, 2011 10:20am Apr 26, 2011 10:20am
Quoting frevd
You are a democracy, no?
We are a republic.
  • #428,838
  • Apr 26, 2011 10:20am Apr 26, 2011 10:20am
Anyone Trade DownJ?
  • #428,839
  • Apr 26, 2011 10:22am Apr 26, 2011 10:22am
Quoting egkid
Anyone Trade DownJ?
Yes I trade Dow Jones.
  • #428,840
  • Apr 26, 2011 10:25am Apr 26, 2011 10:25am
Quoting SunTrader
We are a republic.
Banana?
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