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  • #451,301
  • May 28, 2011 2:08pm May 28, 2011 2:08pm
Quoting FibbinArchie
traderkingdom.com is still down, there are a few of denise shull's seminars available on the mirus site:
http://www.mirusfutures.com/educatio...rtant-resource
cheers have a great weekend
  • #451,302
  • May 28, 2011 2:25pm May 28, 2011 2:25pm
Quoting FibbinArchie
traderkingdom.com is still down, there are a few of denise shull's seminars available on the mirus site:
http://www.mirusfutures.com/educatio...rtant-resource
Archie im listening her right now

Thanks apt & needpips for the above posts
Hope
  • #451,303
  • May 28, 2011 2:29pm May 28, 2011 2:29pm
Quoting TheGamer
Archie im listening her right now

Thanks apt & needpips for the above posts
yeah i'm on my second listen, have short attention span tho' lol, so am probably gonna do 3 or 4...
  • #451,304
  • May 28, 2011 2:53pm May 28, 2011 2:53pm
Quoting FibbinArchie
yeah i'm on my second listen, have short attention span tho' lol, so am probably gonna do 3 or 4...

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Hope
  • #451,305
  • May 28, 2011 3:12pm May 28, 2011 3:12pm
Im exactly looking for this answer...
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Hope
  • #451,306
  • May 28, 2011 5:06pm May 28, 2011 5:06pm
People in Greece are in panic.They massive take out their money from banks.
I think banks in Greece will collapse.
  • #451,307
  • Edited 8:29pm May 28, 2011 5:39pm | Edited 8:29pm
Heya Gator, just have a question about defining your mofu's. Are they areas of support and resistance that have been either repelled or punched through previously?. So PA coming up or down to them either is repelled in or at the mofu or move through the mofu. Are you looking at volume as they approach this area to confirm if this is the case? Cheers

Actually Im not sure if this makes much sense.
  • #451,308
  • May 28, 2011 5:43pm May 28, 2011 5:43pm
Attached Image
  • #451,309
  • May 28, 2011 7:31pm May 28, 2011 7:31pm
Quoting TheGamer
Hello Venice

Can you help me learn how to make the right strategy? im new in this field & don't even understand the actual meaning of most of the news.
What is the right strategy? I know what the right strategy is for me. If you watch every single person in here, even just the vets, we all have our own strategy.

For instance, gatorinla. I never know wtf he is talking about half the time, and he pulls in a boat load of pips on a daily basis.

Some people play bounces off of level. I play in a way that requires at least 1 candle for confirmation. I miss out on pips, but I also get a higher accuracy... chose your poison so to speak.

I also try not to counter trend trade. I like to always be in line with the current time frames trend that I am trading. My accuracy goes down to nearly 60-65% on counter trends, so it's just not worth it.

I also have a strategy separated for when the markets are ranging, and when they are trending.

See what I mean? You need to develop something that works for you... there are a million and one ways to skin this cat... and more often then not, my strategy will most likely not work for you. A lot of that just comes from experience and screen time with the charts...

Don't try and accelerate yourself to fast... let it all sink in, and keep doing it over and over and over. The key is to not give up... Maybe after 2-3 years you will be consistently profitable... and after 5 be solid. It's not a quick road, that's for sure.
  • #451,310
  • May 28, 2011 7:34pm May 28, 2011 7:34pm
Quoting apt
If you want to scalp, Oanda is the best broker for that.
Oanada can suck it with those 10-20+ pip spreads they get on high volume or low volume.
  • #451,311
  • May 28, 2011 8:16pm May 28, 2011 8:16pm
Quoting needpips
Attachment
It's a good looking analysis, if only the future was like the past (as far as Forex is concerned)
  • #451,312
  • May 28, 2011 8:20pm May 28, 2011 8:20pm
Quoting needpips
Attachment
Price closed at 4318 ur chart shows 4083. old chart or what ? can u post updated count plz...
  • #451,313
  • May 28, 2011 8:33pm May 28, 2011 8:33pm
Close was 1.4285



Quoting Honored
Price closed at 4318 ur chart shows 4083. old chart or what ? can u post updated count plz...
  • #451,314
  • May 28, 2011 8:56pm May 28, 2011 8:56pm
Quoting Venice
What is the right strategy? I know what the right strategy is for me. If you watch every single person in here, even just the vets, we all have our own strategy.

For instance, gatorinla. I never know wtf he is talking about half the time, and he pulls in a boat load of pips on a daily basis.

Some people play bounces off of level. I play in a way that requires at least 1 candle for confirmation. I miss out on pips, but I also get a higher accuracy... chose your poison so to speak.

I also try not to counter trend trade. I like to always...

Ok Friend, as you say. But shall i keep on with 200$ accounts (if my current 31$ account closes) in future also? i mean i heard we'll always be in loss if we play with 200$-300$.
Hope
  • #451,315
  • May 28, 2011 9:06pm May 28, 2011 9:06pm
Quoting apt
Please can anyone recommend one.

People keep giving me brokers that have USD Index on MT4 and they dont

Such as Broco, Forex.com, Windsor Direct.
I use Windsor...I like the 4 digit thang...Demo charts and for USDX only.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #451,316
  • May 28, 2011 9:07pm May 28, 2011 9:07pm
Quoting TheGamer
Ok Friend, as you say. But shall i keep on with 200$ accounts (if my current 31$ account closes) in future also? i mean i heard we'll always be in loss if we play with 200$-300$.
Well, that depends. Do you need the psychology of actual money or not? I know I did...

I took 50k demo accounts up to 500k-1mil+ over and over again... and yet managed to take 300$ down to 0 a few times as well.

I have no doubt, once you know what you are doing, that a person can take a hundred dollar account and send it to the moon with time and proper money management.

But, the first step to save you money is to try and open a demo account with the smallest balance that you can. Show consistent profit and gains for over a 2 month period and move to a live account. If you can't get that monthly gain positive, keep at it.

So many of us have sacrificed so much cash to this market in the name of learning, and a lot of us still do. I thought of it as 'tuition' just as if I was attending a school. Pay now, see the reward later sort of deal.

One thing I may recommend, is trying to hit a daily pip count of 20 pips a day. Once you accomplish that, quite, and come back the next. After you can consistently do that for a day, double it to 40 pips and make an attempt at that. If you can pull in 50 pips a day, your set. It doesn't seem like much, but you would be surprised how many people have a hard time even accomplishing that.

Check out the thread Price is Everthing (http://www.forexfactory.com/showthread.php?t=230888).

Lots of charts to look at, and most the people in their post the trades they are taking as they are taking them. Big of supply and demand zones. Really good stuff.
  • #451,317
  • May 28, 2011 9:10pm May 28, 2011 9:10pm
Quoting TheGamer
Ok Friend, as you say. But shall i keep on with 200$ accounts (if my current 31$ account closes) in future also? i mean i heard we'll always be in loss if we play with 200$-300$.
If you cannot trade a $200 account to be profitable, what makes you think you will do better with a larger sized account?

For an Xmas Present, I opened a micro account for my son, (15 Yrs old)...$100 in, took $500 out for a trip to Disneyland and still has a tradeable account...

Learn where the pain don't hurt so bad, but be serious in your trading.

Discipline.
Patience.
Consistent profit at any level will make it possible for you to move onto larger sized lots.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #451,318
  • May 28, 2011 9:20pm May 28, 2011 9:20pm
Quoting Magix
Consistent profit at any level will make it possible for you to move onto larger sized lots.
+50xtrillion!!

How are ye magix?
  • #451,319
  • May 28, 2011 9:22pm May 28, 2011 9:22pm
Quoting Venice
+50xtrillion!!

How are ye magix?
Not drunk enough yet...but the night is still young!



I seen you mention yer going all Pirates of the Caribs...

Been to the beach where they parked the Black Pearl...

Very kewl!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #451,320
  • May 28, 2011 9:23pm May 28, 2011 9:23pm
Quoting Venice
Well, that depends. Do you need the psychology of actual money or not? I know I did...

I took 50k demo accounts up to 500k-1mil+ over and over again... and yet managed to take 300$ down to...
Yup, im trying to accomplish 25 pips a day target for pst 3-4 days. i'll let you know the result at the end of next month.

Bookmarked that link. Right now sleepy, will check it later

Edit:

& thats the same reason i only practiced demo for 15 days at the starting. its better to practice real a/c even with .01 lot.
Hope
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