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  • #572,801
  • Dec 9, 2011 9:13am Dec 9, 2011 9:13am
Wondering if should try to scalp something before the weekend ... decisions decisions...
  • #572,802
  • Dec 9, 2011 9:41am Dec 9, 2011 9:41am
Hi,i am new trader.nice to meet you folks!
I started forex 6 months ago but with no success,i want to know if there is a way to earn 20 pips every day?(just grab it and relax!)
  • #572,803
  • Dec 9, 2011 9:46am Dec 9, 2011 9:46am
Quoting MidasFX
Wondering if should try to scalp something before the weekend ... decisions decisions...
Maybe you should try to scalp your account?

T
"I know one thing, that I know nothing." Sokrates
  • #572,804
  • Dec 9, 2011 9:49am Dec 9, 2011 9:49am
Quoting Yuchen
Is poker really useful and important for a trader? i applied for a stock trader job and they gave me a pre-interview test yesterday, one of the questions was asked me rank poker from highest to lowest.

I see, an accountant at capital markets definitely gave you good money management. may i ask you do you think CFA is helpful to find a financial job?
I played poker on a highly professional level for a year and a half after college. During my interview for the position on the FX desk at a hedge fund in Chicago, they were very intrigued that I had so much experience with the game. It's really all the same concepts and disciplines you need for trading.
check out my blog: forexmademillionaire dot com
  • #572,805
  • Dec 9, 2011 9:49am Dec 9, 2011 9:49am
Do You guys expect any gaps over weekend?
"I am still learning" - Socrates
  • #572,806
  • Dec 9, 2011 10:04am Dec 9, 2011 10:04am
Orders in place if smth big is happening. I'm out, c'ya'll, and have nice week-end's.
Please, just slap me around if I'm being silly ...
  • #572,807
  • Dec 9, 2011 10:07am Dec 9, 2011 10:07am
Quoting kbeza
What wave analysis book do you recommend? .... The only thing I read on the subject is babypips .... I have a book written by Precher and Frost ... . I Do not bother you anymore. Thanks again and sorry for my english.

I would recommend High Probability Trading Strategies by Robert Miner it is a practical guide to the main wave setups.
  • #572,808
  • Dec 9, 2011 10:26am Dec 9, 2011 10:26am
tanks MaxDoom, Tom_D_Trader and theIEgut9_09 for your help. Enjoy the weekend.
  • #572,809
  • Dec 9, 2011 10:39am Dec 9, 2011 10:39am
Hello, I am new here in this forum, but I read here a long time. Thank you for the many helpful discussions, hopefully I can still learn something from you. Greetings from Germany, Patrick.
  • #572,810
  • Dec 9, 2011 10:51am Dec 9, 2011 10:51am
EURUSD market outlined levels , development of the movement forward to Tuesday - Wednesday . The beginning of the movement on Monday indicate the minimum stroke in 400 points
  • #572,811
  • Dec 9, 2011 11:04am Dec 9, 2011 11:04am
Quoting ksensei
Do You guys expect any gaps over weekend?
There are almost always gaps...

http://i780.photobucket.com/albums/y..._e_neuman2.jpg
  • #572,812
  • Dec 9, 2011 11:08am Dec 9, 2011 11:08am
Seems like our Muppet Chief is getting a little bitty uncomfortable lately .





Quoting cloggie
Guys I really need your help with a few things.

Earlier this week some guy here kept having a go at me for adding to trades, he said something like "losers average losers", as you can see by the chart here, I keep doing that. I am still not sure what he was trying to say and I really want to learn.

Secondly, I only did a 155 pip trade yesterday, then called a 60pip trade last night, only did 120 pips here this morning and am now up 80 pips here, that is only 405 pips in 2 days, there is one guy here who posts every night how he does 800 pips...
  • #572,813
  • Dec 9, 2011 11:13am Dec 9, 2011 11:13am
Quoting MidasFX
Wondering if should try to scalp something before the weekend ... decisions decisions...
Well IMO you can scalp something before the weekend, but if you lose you're probably not going to have a very nice weekend! if I'm up on my trading for the week I usually resist the temptation lol. Good Luck. Tarek.
  • #572,814
  • Dec 9, 2011 11:15am Dec 9, 2011 11:15am
Quoting FX_Trading
Hello, I am new here in this forum, but I read here a long time. Thank you for the many helpful discussions, hopefully I can still learn something from you. Greetings from Germany, Patrick.
Hi Patrick, You can learn a lot from people around here. But as long as you can separate fact from fiction you'll do just fine man. Tarek from California.
  • #572,815
  • Dec 9, 2011 11:17am Dec 9, 2011 11:17am
Quoting yellowlove
Hi,i am new trader.nice to meet you folks!
I started forex 6 months ago but with no success,i want to know if there is a way to earn 20 pips every day?(just grab it and relax!)
no there is not .

all those posts you see once in a while about 10 pips scalp ...etc is just moppets that will lose their account sooner than later .

learn analysis , manage your risks , and trade properly with realistic targets.

no one can scalp the market and survive on the long term.
I SEE YOU !!
  • #572,816
  • Dec 9, 2011 11:23am Dec 9, 2011 11:23am
First post.
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  • #572,817
  • Dec 9, 2011 11:27am Dec 9, 2011 11:27am
Quoting dbfusion
no there is not .

all those posts you see once in a while about 10 pips scalp ...etc is just moppets that will lose their account sooner than later .

learn analysis , manage your risks , and trade properly with realistic targets.

no one can scalp the market and survive on the long term.
dbfusion is right, you just have to learn how to trade properly man. If you don't you'll never really make it in the FX jungle, that's just what I've learned in the past 3 years of my trading.
  • #572,818
  • Dec 9, 2011 11:28am Dec 9, 2011 11:28am
Quoting dbfusion
no one can scalp the market and survive on the long term.
Ah, I almost thought it is too late and there will be noone to argue with. That is an absolute nonscence what you have just written. It is your problem and your incompetence that you cant scalp market in the long term.

T
"I know one thing, that I know nothing." Sokrates
  • #572,819
  • Dec 9, 2011 11:36am Dec 9, 2011 11:36am
Quoting dbfusion
no there is not .

all those posts you see once in a while about 10 pips scalp ...etc is just moppets that will lose their account sooner than later .

learn analysis , manage your risks , and trade properly with realistic targets.

no one can scalp the market and survive on the long term.
Agree with you. Especially to judge if a trader is a good or bad trader is not looking for his daily trading activity, as long as he can have postive monthly (sometimes could be slightly negtive) and yearly sustionable growth rate, it is very good.
i read a statistical report, couldnt find it anymore but it said if you could earn 30% return per year, you are better than 95% traders. If you can repeat this success by more than 5 years, you are better than 99% traders.
I know a lot traders scalp for 10 pips and just leave them losing positions there and wait for it turned to positive, it may works for a short time or even a few weeks, but they will eventually lose all their money. A lot traders get satisfied with single small trade profits and ignored their overall performance with several big loss and tried to save their face never admit their loss.
  • #572,820
  • Dec 9, 2011 11:40am Dec 9, 2011 11:40am
Quoting Tom_D_Trader
Ah, I almost thought it is too late and there will be noone to argue with. That is an absolute nonscence what you have just written. It is your problem and your incompetence that you cant scalp market in the long term.

T
publish your results !!

otherwise baseless claims means nothing to me .

its simple mathematics , you have to be 90% of the time correct just to give your self an edge of 55% to survive for long term if you are scalping 10 pips !!

much easier is to be 60% correct to get edge of 59% if you trade 100 pips targets !!!
I SEE YOU !!
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