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Singapore's SIM-UOL trader

  • #21
  • Sep 7, 2011 5:48am Sep 7, 2011 5:48am
entry
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Click to Enlarge Name: 2011-09-07_20-47_OANDA.jpg Size: 79 KB
I have past history of statements to justify what i say.
  • #22
  • Sep 9, 2011 8:26am Sep 9, 2011 8:26am
Quoting eu_trader
I am a swing trader trading only eur/usd. I will be posting my charts here with my entry whenever i have an open position. My goal is to bring my $500 account into $1000,000 in a span of 3 years. My plan is to do this very slowly and hopefully see success in what i am doing. Like most people say, patience and discipline pays off. I am not gambling here but more like waiting for the right chance to jump in the bandwagon and aim for those huge waves to grab hundreds of pips each trade. I will be having only about 2-3 trades a month. I know this is...
Much easy is learn and understand one curriency bar. You are in right path.... Good luck!
  • #23
  • Edited Sep 18, 2011 3:00am Sep 17, 2011 10:04pm | Edited Sep 18, 2011 3:00am
i am short from 1.38360..........gd luck guys......euro will surely fail.............the downtrend continues
I have past history of statements to justify what i say.
  • #24
  • Sep 20, 2011 4:40am Sep 20, 2011 4:40am
entry : 1.36997
stop loss : 1.36470
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I have past history of statements to justify what i say.
  • #25
  • Sep 20, 2011 4:43am Sep 20, 2011 4:43am
I know many of u have doubts over why i long EU instead of short........

90% of the crowd loses....But that is not my reason to go long....it's becos i have a buy signal

Risk for this trade is $3 per pip..........gd luck guys
I have past history of statements to justify what i say.
  • #26
  • Last Post: Sep 20, 2011 9:41am Sep 20, 2011 9:41am
Quoting eu_trader
I know many of u have doubts over why i long EU instead of short........

90% of the crowd loses....But that is not my reason to go long....it's becos i have a buy signal

Risk for this trade is $3 per pip..........gd luck guys
Hmmm from $500 to $1,000,000 in 3years is kinda hard... If $1000 -> $1,000,000 in 3 years it is possible. Based on the logic of every US$1000 trade 0.1 lot and US$10000 trade 1 lot (ya I did my layout based on this). You need to gain on avg 50% ROI on your capital which is 500pips compounded every month. Getting 2 or 3 trades per month doesnt really help as forex is all based on probability. You win some you lose some so basically you need to win more then you lose (ya I know most of you know this rule).

Good Luck (for the time being I would advise not to long yet due to fundamentals, waiting for clear signal then long now too many speculation in market on Greece default and Obama's plan to cut debt and create jobs)
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