EurAnalysis

Edit, done.

Just don't want to see this thread turn into the EURUSD thread.

A thread is better when people get along and share constructive criticism rather than just criticism.

Good Morning

Your post is interesting. Have you ever followed Barclay's who rates trader's managing Ten Million and up and the second category is under Ten Million however a minimum of One Million ?

The information is available for everyone to see. I have come to a conclusion based on watching results for over 5 years that any trader or group that can show a consistent 5% return a month without even the compound factor would rank in the top 100 forex trader's in the world.

I have had discussions with Barclay's and they are or were prepared to follow someone managing a minimum of $250,000 US Dollars however the results would not be made public.

Has anyone ever heard of the a group once put together to trade called the Turtle's ?

I think the group here under a proper structure could achieve 5% a month.

When I made the offer to Buma it was because I saw some of his talents.

Trading real funds is different than trading demo funds. I trade both since my demo trades allow me to show new parties the results by giving them access to the platform and see the results for 30 days before they committ their real $50,000 US in funds. I once had a client who offered me $250,000 US Dollars and I refused it however I took on his $50,000 US Dollars and managed it for about one year.

I have access to substantial funds since I used to raise capital for corporations and my circle of influence includes personal associates with untold personal wealth.

Seeing is believing and of course most if not all are not capable of taking on a challenge to say watch your $50,000 in demo funds become worth $60,000 within 30 days.

That works out to 1/2 % profit a day based on 20 trading days. On $50,000 US Dollars that would be about 25 fx trades a day for 20 days or 500 fx trades.

This is a serious post and not a BS post.

I wonder if as a group we could form an alliance such as the turtles to trade a $50,000 US Dollars demo account and see if a result of at least 5% a month can be achieved for 3 consecutive months.

The group concept is interesting since it would have input from say 6 trader's up to a maximum of 12 in the group. I just threw out the idea as something to talk about.

I do 5% a month however this post is definitely not ego based or is it about me.

I am not sure Buma on his own has the maturity as yet to trade $50,000 however if he can't do it with demo funds surely I would not recommend him or anyone I know to do it with real funds.

I traded demo funds almost 3 years before I managed any real funds. I had a good friend who I traded for who died of cancer a few years ago. He managed a commodity fund of over One Million Dollars and NEVER traded his own funds. Others traded for him and I was one of them.

He put up $25,000 US Dollars and the first month trading his account trading Euro Futures long I made 12% or $3000 US and my share was $1000 US Dollars. He died of cancer within 6 months of my starting to trade for him. The most I ever managed at one time was $250,000 US spread among 5 or 6 accounts under "LPOA"

I am looking forward to the Year 2012 as the year I will get to manage my own private $1,000,000 US Dollars fund and have Barclay's confirm my results. After that who knows !!!

Happy New Year Fellow Trader's

Welcome back PipTrader

You have done a great deed for all of us by starting this thread and putting all the effort into it. You are a great example of how a leader should behave. You cannot demand respect. You can only earn it by example.

Thanks for all your efforts and the best to you. I have been posting on forex internet forum's for over 5 years and this thread is truly unique.

As a fun way to make my point with no disrespect or malice meant how would a thread function led by my friend Cloggie who is just that darn good yet his bedside manner is well you know, "Unique"

Thanks everyone and Happy New Year !!!

What 0-0? There is No 0 - 0
Grow up Buddy
Its quite ironic to see members which over confident - over reacts - over happy with their correct call
and when made a wrong call then provide tons of excuses..Today Market Crazy,Fundamental this and that

and Its quite Ironic to see how many members underestimate the Mr.Market

European Morning Wrap: Market remains risk averse as we head slowly toward the New Year.

Written by Gerry Davies
December 29, 2011 at 12:10 GMT

Merkel advisor doesn’t rule out euro breakup – Bloomberg

Italian auctions receive lukewarm reception

ECB seen buying small amounts of Italian bonds in secondary market after auctions

Italy PM Monti: Growth strategy won’t involve great use of public spending

ECB’s Coene: Belgium entering “mild” recession. ECB not planning to change bond programme “at the moment”

ECB’s Nowotny: Euro is secure and reliable currency

Italy December business morale index falls to 92.5 from revised 94.0 in November (prev 94.4), weaker than Reuters’ median forecast of 93.6 and lowest read since December 2009

Euro zone November M3 annual growth +2.0%, weaker than Reuters’ median forecast of +2.5%

Not alot in the way of risk appetite out there.

EUR/USD down at 1.2865 from early 1.2925, having been as low as 1.2858 so far. Italian auction results got a lukewarm reception (having to pay 6.98% for 10 year money didn’t go down well), piling further pressure on the beleaguered single currency.

Cable down at 1.5370 from early 1.5460, having been down as low as 1.5360. EUR/GBP unchanged around .8365, having slipped back from earlier rally which reached session high .8397. The rallyette could have been related to Bundesbank month-end buying, but can’t confirm.

USD/JPY remains narrow rangebound, effectively unchanged at 77.80.

ADD: Top of page

with 10 Years of your trading experience,am believe you know what am talking about

Nice and tidy isn't it?

Glad to have you here Kno. You are also truly unique in a good way.
Happy New Year to you also. Looking forward to many more months and hopefully years of your ever so excellent contributions to this "unique" thread.

Greetings all, today is my first day back trading after Christmas. No news no charts nothing to do with trading just beer food and horse racing! I then come on and see if any major up moves occurred while i was away in my cave.. Well I almost cried when I looked at my M15 I have missed all the fun yet again and it doesnt look like its going to retrace any time soon!

Most analysts are saying if we dont rally for the rest of the year. I.e today and tomorrow we can be trading from the short side from the beginning of January. With that in mind I'll look for a retrace and if we dont get one well oil is pretty high at the moment so that looks good given the right signal!
Hope everyone had a great Christmas and to all a prosperous and happy new year!

Yes mate. Your user name says it all. Mindset is the key to success.
Doesn't matter if you are right or wrong. I have had many trades where I was right and still lost money and vice versa. What truly matters is you make more green than red and you never reach a point where you believe that you are an almighty trader. Nobody can predict price. We can only anticipate and speculate based on what normally happens under certain conditions... place our trades, cut short the wrong ones and maximize (and protect) profits on the right ones.
Every trade has a 50/50 possible outcome. Either you win or you lose. As long as you follow proper capital risk management, you can even make money if 70% of your trades are losers. Therefore, I repeat again... it is not about being right or wrong, but it is more about if you are profitable or not. Enough said

I guess you haven't kept up with the latest news about Iran and US jawboning at each other over the free passage of oil tankers. It seems the Crusaders and the Jihadists are at it again.

Thank you for bringing this to my attention its amazing how ar behind with the news you can fall after just a week away from the computer!

I guess I'll have to continue sitting on my hands this could be pretty significant god knows what the Iranians are capable of! Troops leave Iraq and could be thrown straight back to Iran!

http://www.foxnews.com/world/2011/12...ntcmp=trending

the ROI of 5% a month is 79.59% in one year
unless..........there is no compounding at all and the constant percentage is taken from initial account size

1000 with 5% a year ends up at total of $1,795.86
x= initial capital
y=total capital at the end of 12 months
ROI=(x-y)/x

Received an email from my friends and decided to share in here

“So you’ve invested in the new trading system and you’re raring to go…
The post arrives and you rip open the package.
You digest the contents of the guide with your coffee, boot up your laptop and you’re ready for action.
You set up your trading account, deposit some cash, open your charts and then follow the instructions for the trading signal.
And your trades may go something like this:
1st Trade Signal – you place your trade following the rules, and it’s stopped out for a loss.
You’re disappointed, but still positive. You’ve only lost 2% of your account balance, you stuck to the rules.
2nd Trade Signal – you see the trade signal and place the trade, it hits the profit target.
You feel great, you followed the rules, you’re more confident in the new system and in yourself as a trader.
And your account is 1% in profit already.
3rd Trade Signal – you see another trade signal and take the trade.
It’s another winner, you’re over the moon,you think trading its simple
You’re now 4% in profit.
And you feel like you’ve finally cracked it.
You’ve found something that really works.
You’re on your way to untold riches, you start planning your resignation letter.
4th Trade Signal – another trade signal and you take it.
But this time you’re so confident you decide to double your stake.
And it’s a losing trade.
You’re back to square one, your accounts at break even.
5th Trade Signal – you take the trade and stay with the double stake level.
You’ve guessed it, it’s another loser and now you’re down 4% of your account balance.
It’s starting to get to you now. It must be a bogus system after all.
6th Trade signal – you take the trade, it’s another loser, your account is now down 8%.
You feel like you want to cry, you’re now sure you’ve been ripped off.
7th Trade Signal – you don’t take it, you lack confidence in the system.
It’s a winner but you missed out, your account is still down 8%.
You’re now totally frustrated with trading.
It was supposed to be easy money.
8th Trade – one last chance to get your losses back.
The trading system doesn’t give you a signal.
But you want your money back so bad that you take a trade anyway.
It’s stopped out, and you lose another 4% of your account.
Your account is now down 12% overall.
You’ve now lost confidence in your ability to follow the system.
And you’ve lost confidence in the system as well.
You quit and apply for a refund; the system clearly was not all it was cracked up to be.
But there’s an obvious problem.
Had you just followed the trading rules, your account would have had a small profit of 2%.
Even with the losing streak of trades.
But a small profit is still a profit.
But if this trading log sounds familiar, don’t despair: we’ve all done this at some point.
But just remember when you try the next trading system, take things slowly.
Enjoy the fact that you’re learning something new.
And make your goal to follow the simple trading rules next time.
Plus your confidence in your trading ability should increase.
And you may find a trading system that works for you after all.

sorry Pip i must of hit a raw nerve with Tyoon.Not every comment in here is aimed at e/u and everyone knows the pairs are interlinked so i guess one can speak about another pair if its then easier to trade e/u. I see the e/u has now hit the yearly low from last january now what ? apart from the usa needs to sort itself out rather than interfere with euro and the poor show of the italian debt auction lets see what happens next one.when will the e/u stops trigger. i personally dont actually mind where it goes as i trade a totally different way when i do trade . But i think the market makers will play around to kill the small investors. Happy trading

i'm there before and maybe now still

knoholygrail

Your words are wise and you seem genuine.

Buma needs to live life and not spend endless hours when there is no light.

Trading is not about set ups only, is much more. I just had a private chat with him and told him what he needs to deliver if he really would like to become a decent trader. Will he? I am not sure. He is the only one that can make that happening. I only can guide him.

Do I think is the right thing for him to do? I am no sure either.
When I was 14 (that was long time ago) I had better thing to do with my life.

Ou...really? You were building a space rocket or something?