EURUSD

3358 posible stop,meh

Your still long? Thanks for the money though

stupid forex competition, some lucky bastards out of 2000 got in lucky trades on GPBHUF and had like 1000 pips advantage on everyone else few hours after the competition started... i think the competition rules are ridiculous, cannot open more than 5 trades maximum 0.5 lots total allowed... 10 000 deposit... so its like impossible to catch some lucky traders out of 2000 at least someone will have a winning streak trading GPBHUF like crazy... PFFF

I remember u...cloggie's jester. Btw, i can only imagine ur 'hard' analysis: 'Oh crap its going down SELLLLLLL! Oh man didnt close my longs...nooo!'

I rarely write here, dont have time , dont need advices...but i do like to read posts from time to time , of some rookie experts I am really enjoying reading posts , and laughing my ass of the chair . Any way keep posting and make my day better.


PS. Me and boys from the office have developed a excellent manual system,we read the posts , and watch for people from cloogys list, and their predictions.So if those people make a call , we count them per page , and if there is more then 10 , we make a counter trade. So far system is making 97% return . We were thinking to automate it , but so far its damn hard for ea to read pages

PPS. FXBabie i think that maybe new system will be developed based on your trade calls...ofcourse its going to be counter system

I missed this awesome trade. i was waiting for some breaking news and now I miss this. i am som angry. i need a break to cool down.

LOL... if you were, or knew how they set things up, you'd be on that money train before it departs

Garbage you have no way to prove this... the thread should be about EUR/USD not about justifying yourself, why you're a loser.

Why are you thanking him..you're not taking his money, you're taking the big banks money...you'll never outsmart them..see how little you actually know..once you place your "bet" it belongs to the bank..they're the counter party to your trade..think you can beat them lol?...GL

ROTFLMAO... too funny! cheers matey, made my day!

Cha-ching!

OK closed all for a nice 80 pips. No exotic tp's .... Take-the-money-and-run - principle

Awww don't like your lil gambling venture upset? lol here ya go idiot.

Although NFA forced brokers to show the number of profitable and losing retail traders per quarter they are not obliged to say what the turnover is and therefore there is no way of knowing what the long term (2 year for example) success rate of forex traders is. We merely know that in the very short term (quarter) about 50-70% are unprofitable but this is most likely increased to a figure between 95-99% after a two year period. After searching for a while I could find some sources which back this theory up. The first true piece of evidence comes from Reuters on an article that talks about the banning of retail Forex trading in China. The Chinese government found out that more than 90% of participants lost their deposits, meaning that this was a highly risky endeavor for the general population, much more in line with a casino than an investment vehicle. This is the first piece of evidence that shows us that the success rate in retail Forex trading is in line with the “rumored” amount, although the exact values found out by the Chinese are not detailed (merely that more than 90% lost their money).
My final piece of evidence comes from the Los Angeles Times on an article published a little bit more than a week ago. On this article journalist Nathaniel Popper goes into some depth into the current Forex business in the United States, showing that brokers are indeed playing a game of massive turnover in which they are mainly interested in “burning and cycling” rather than keeping customers for long term periods. The author goes into some of the data provided by US Forex brokers and how this leads to the conclusion that most retail traders lose all their money in the Forex market. The article makes a good point, highlighting the fact that people usually get into trading with the aims of making large amounts of money (with an average starting capital of 3K) but the "vast" majority lose all their deposit.
Certainly we will probably never have a decent academic study on retail Forex trader profitability because brokers will never give the information needed to carry it out. Unless the government forces brokers to reveal account turnover number and make a difference between inactive, active and margined accounts the actual figure of how many retail traders are profitable will remain obscure. However it is true that the evidence in stock and futures points to a success rate of between 10-1% and information from the Chinese government does tell us that retail success is actually – at the very most – below 10%. Now as a piece of rogue information (more like gossip) I can tell you that a friend of mine – working at a large European broker – told me that their 5 year account success rate is less than 0.5%.

You have no shot...looks like you're the loser lol

blimey... whats up with everyone... LOL

Come on... stop fighting with each other.. and fight the brokers instead...

thats the reason why FX is eating my nerves each day -.-

I have no shame in saying I lost a bunch of money before I came profitable. Forex is not a game, it is a serious job if you want to do it right

Almost matey..

Where do you think the money comes from in the first place?

Us lot, the retail traders...

The banks & Market Makers work out a way to take our money before we take each others.

So ur kinda right

Got stopped out my 3rd trade with -20, made +27 with my 4th trade.
+27pip at the end of the day, not much but a little bit more than 1% return on my capital.
I closed my last trade because is time for me to get off.

mla

me too, i think we all did... I think I lost more than most here before i started to come profitable...lol.. what can i say, i learn the hard way...

roll on a decade + later, it was a good investment to know where i F***ed up and capitalized on it big time...

Do Good stuff

Steve

As we can see from the EU that,the market had broke Yesterday Low after several attemp trying to break its Daily Pivot during Asian Session.

Currently they've reched MS4.Keep on eye on several potencial key SR:

1) Resistance - 1.3443 (1st Resistance)
2) Support - 1.3386 (1st Support ,Fib Level)
3Previous Low around - 1.3189

if the market retrace back.Let's wait and see the market.


Twinsummit

Less of the insults man... its a sign that you're pissed cos you're losing... be a gentleman, just cos you don't agree with someone about it, don't act like a D**k... its not nice... we're not against each other here... so why pretend to be... ego hurt and want to prove to yourself and others that you're right...

you're partially right... but here's the thing... ur talking about US Brokers...

Americans can't really trade all that well in a restricted market due to FTC regulations...

Offshore, is a different matter, FTC can't gain that info...

and as I say... I've personally seen the stats of 4 offshore brokers and those figures i gave you are approx from month to month... of course there have been months as high as 87.6% of losers... and good months of approx 48.2%

So quit fighting, just agree to disagree, or be more creative in your posts without insulting everyone...

Peace