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  • #572,821
  • Dec 9, 2011 1:46pm Dec 9, 2011 1:46pm
Quoting dbfusion
publish your results !!
I suggest you add more exclamation marks. It will give more power to your statements.

For the first, my results are none of your bussiness. For the second, I am swing trader, I dont scalp.

Your simple mathematics are nonscence. There are many ways to scalp the market. For example you can only scalp with trend, or you can scalp news, or you can scalp retracements, you can scalp channels, you can scalp ranging markets.

The fact you cant do it is your problem and you have no right to claim it is impossible.

T
"I know one thing, that I know nothing." Sokrates
  • #572,822
  • Dec 9, 2011 1:47pm Dec 9, 2011 1:47pm
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
weird, i dont think you are a scalper, i remembered you were very patient to hold your EU short and your trading activity was more like a short-mid term trader, not even close to super-short or scalp trader..
Especially you told me you were waiting for 1.3558 but it didnt get there so you didnt trade this week.. Their might be a few traders, 0.01% traders could survive for scalp but they also had a lot big loss experience (they may not blow their account but every big loss could eliminate their 100 times scalp tradings).
  • #572,823
  • Dec 9, 2011 1:49pm Dec 9, 2011 1:49pm
Quoting dbfusion
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 !!!
  • #572,824
  • Dec 9, 2011 1:50pm Dec 9, 2011 1:50pm
Quoting Tom_D_Trader
I suggest you add more exclamation marks. It will give more power to your statements.

T
Giant font and CAPS works good with the !!!!! too !!!
  • #572,825
  • Dec 9, 2011 1:51pm Dec 9, 2011 1:51pm
Quoting Tom_D_Trader
I suggest you add more exclamation marks. It will give more power to your statements.

For the first, my results are none of your bussiness. For the second, I am swing trader, I dont scalp.

Your simple mathematics are nonscence. There are many ways to scalp the market. For example you can only scalp with trend, or you can scalp news, or you can scalp retracements, you can scalp channels, you can scalp ranging markets.

The fact you cant do it is your problem and you have no right to claim it is impossible.

T
Easy, i see you are very aggressive sometimes. he may use a wrong word "impossible" but i think he is correct that scalp is not a good strategy for long term trading. Especially he was trying to help the new trader and i would encourage the new trader trade 0.01 lot with 100 pips s/l more than trade 0.1 lot with 10 pips s/l
by the way, how was your dinner.
  • #572,826
  • Dec 9, 2011 1:52pm Dec 9, 2011 1:52pm
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!)
Yellow,

Welcome! If you have 6 months experience, it would be odd if you have developed a successful strategy in that amount of time. Also if you are using a demo account, it is not realistic to take it seriously no matter how hard you try. I would suggest $1,000 account to start off with using micro pips as unit of measure (0.10 cents). The two things I use most, is the Fibonacci Retracement tool and channels. I'm not expert at channels but there are some on this blog that are very good at it.

Then practice, practice, and more practice. You want 20 pips? If you can do it consistently, you will have made $2.00. I if you can do that, you have just beaten your bank CD by ten-fold. Here is the thing. You have to be consistent daily (or at least averaged daily).

Another thing. There is a lot of hyperbole on this thread. There are some who are extremely impressed with themselves that they often trip over their own words. If you are here for any length of time you will know who they are. There are also some good traders here but they are rude. There will be times that you will feel that you are back in Jr High school.

It is what it is. Good Luck!
Taigen Profit This Month: na
  • #572,827
  • Dec 9, 2011 2:00pm Dec 9, 2011 2:00pm
Quoting Yuchen
Easy, i see you are very aggressive sometimes. ...
Hey, I am having fun here, no stress. And besides, what he wrote was total BS. Ofc you can scalp in long term if you are good enough. And I dont want incompetent people try to help newcomers, coz they will mislead them. Scalping is dangerous and hard bussiness for sure and it is not for beginners. But it is not impossible and Fusion prooved his incompetence right in the next post. He got angry simply because I pointed out his incompetence. Btw, dinner was great, I had steak.

T
"I know one thing, that I know nothing." Sokrates
  • #572,828
  • Dec 9, 2011 2:06pm Dec 9, 2011 2:06pm
I finished the week with my 10%. Now I can sit back and relax and have up and down time with my grand-kids instead of charts.
Taigen Profit This Month: na
  • #572,829
  • Dec 9, 2011 2:11pm Dec 9, 2011 2:11pm
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!)
Hi,

I will give you hint as well. Dont you dare to listen to anyone on the internet. Especially me. Always work within your own trading plan and you own knowledge. The fact that you ask for a way to trade here just shows your lack of market knowledge. I suggest you read some books before starting to trade.

T
"I know one thing, that I know nothing." Sokrates
  • #572,830
  • Dec 9, 2011 2:16pm Dec 9, 2011 2:16pm
http://instaforex.com/contest_monito...trader=8702789

this is my statement of the first 2 weeks of the contest. i still have 2 weeks to go

not so spectacular only 430 pips but my last trades are based on mid term charts so it will take time. also i am only allowed max of 5 open trades...
When life gives you lemons, make lemonade
  • #572,831
  • Dec 9, 2011 2:19pm Dec 9, 2011 2:19pm
Quoting Tom_D_Trader
Hi,

I will give you hint as well. Dont you dare to listen to anyone on the internet. Especially me. Always work within your own trading plan and you own knowledge. The fact that you ask for a way to trade here just shows your lack of market knowledge. I suggest you read some books before starting to trade.

T
Tom, I'm not sure if I would go to that extreme. You do, on occasion, have some valid things to say however, I do agree with your premise in that you have to work within your own trading plan and you own knowledge and experience. That can only be attained by yourself. Not some successful trader or forex guru. It's you yourself alone.
Taigen Profit This Month: na
  • #572,832
  • Dec 9, 2011 2:24pm Dec 9, 2011 2:24pm
Quoting Taigen
Tom, I'm not sure if I would go to that extreme. ...
He needs to go to extreme. I find it incredibly hard for a newcomer to filter all the cr@p out of this thread. I dont have a problem with that, because my system is stabilized, but if you visit this thread asking whether you can grab 20 pips a day, you are asking to get misleaded into oblivion and begging for burning your account.

T
"I know one thing, that I know nothing." Sokrates
  • #572,833
  • Dec 9, 2011 2:28pm Dec 9, 2011 2:28pm
Quote
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!)

Yes there is, but can you waste 2-3 years in order to get there ?

Quoting Tom_D_Trader
Hi,

I will give you hint as well. Dont you dare to listen to anyone on the internet. Especially me. Always work within your own trading plan and you own knowledge. The fact that you ask for a way to trade here just shows your lack of market knowledge. I suggest you read some books before starting to trade.

T
very true.
this is a place where scammers fish, newbies show off and a few traders spend some time. not a place i'd recomend for learning purposes.
  • #572,834
  • Dec 9, 2011 2:40pm Dec 9, 2011 2:40pm
Quoting prezd
very true.
this is a place where scammers fish, newbies show off and a few traders spend some time. not a place i'd recomend for learning purposes.
Mostly true but I believe there is a lot that one can learn on this thread. One just needs to know how to seperate the wheat from the chaf...
  • #572,835
  • Dec 9, 2011 2:41pm Dec 9, 2011 2:41pm
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!)
welcome yellowlove :- you will have to develop your own style which will take time and i hope not to much money i am 12K down after 2 years.

but hey education is an expensive business , i would recommend you find some decent contributors to the forums gatorinla on the really useless thread is a good one to follow . try to understand the way he identifies levels ect. it may pay you to be a lurker on the threads as i am because there are certain guyson here who will chew your face off for fun , so as my mom would say if you havnt got anything sensible to say : say nothing.

best regards

prosac
  • #572,836
  • Dec 9, 2011 2:48pm Dec 9, 2011 2:48pm
Quoting Prosac_100Mg
welcome yellowlove :- you will have to develop your own style which will take time and i hope not to much money i am 12K down after 2 years.

but hey education is an expensive business , i would recommend you find some decent contributors to the forums gatorinla on the really useless thread is a good one to follow . try to understand the way he identifies levels ect. it may pay you to be a lurker on the threads as i am because there are certain guyson here who will chew your face off for fun , so as my mom would say if you havnt got anything...
  • #572,837
  • Dec 9, 2011 2:51pm Dec 9, 2011 2:51pm
Quoting dbfusion
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 !!!
Pretty sure Tom will tell you he doesn't know how to scalp.

MLA does a pretty good job of his high leveraged scalps... where about 20 pips = 1% of his account. So it can be done.

It's not the way I play, although I do scalp in addition to a few of the other things I do. But for me I need about 500 pips to equal 1% of my account.
Kill the ego, or it will kill the mission.
  • #572,838
  • Dec 9, 2011 2:54pm Dec 9, 2011 2:54pm
Quoting prezd
Yes there is, but can you waste 2-3 years in order to get there ?
I think he was trying to ask if there was a way to "constantly earn net 20 pips everyday". it is really hard and almost impossible. If some can really do that, assume one has 1000 dollars, trade 0.1 lot, with 20 pips is 20 dollars, in terms of percentage is 2%. After at most 3 months, he would have 2000 dollars, then he increase it to 0.2 lot, and then after another 3 months, he would have 4000 dollars... so theoretically, he can double his account by every months if he can gaurantee to earn net 20 pips everyday. Using a compound calculation, he would be richer than Warren Buffet after 7 years with 1000 dolllars initial deposit, which is really really really almost impossible.....

Think about the risk ratio, if he looks for 20 pips profit, he shouldnt have his s/l more than 20 pips, which is really hard to trade in my opinion..... I have known a few good traders in my real life, my university professor and my classmate's father who was a real professional trader in an investment bank from Hongkong, they are both long term traders dont do scalp.

by the way, 20 pips is so unimpressive, fatpanda can guarantee to earn 50 pips everyday and that's the secret he will not share to anyone unless you open an account with him, any traders really believe that? lol.... i would rather believe i support Inter Milan and Juventus instead of that..
  • #572,839
  • Dec 9, 2011 2:56pm Dec 9, 2011 2:56pm
my opinion: 80% gap up, 20% gap down over the weekend
When life gives you lemons, make lemonade
  • #572,840
  • Dec 9, 2011 2:58pm Dec 9, 2011 2:58pm
Quoting Yuchen
I think he was trying to ask if there was a way to "constantly earn net 20 pips everyday". it is really hard and almost impossible. If some can really do that, assume one has 1000 dollars, trade 0.1 lot, with 20 pips is 20 dollars, in terms of percentage is 2%. After at most 3 months, he would have 2000 dollars, then he increase it to 0.2 lot, and then after another 3 months, he would have 4000 dollars... so theoretically, he can double his account by every months if he can gaurantee to earn net 20 pips everyday....
Yuchen,

I have read your signature line about 20 times now, but I just don't get it. Any chance you could explain?
Kill the ego, or it will kill the mission.
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