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EURUSD

  • #578,841
  • Jan 1, 2012 6:46pm Jan 1, 2012 6:46pm
Quoting LaMaschera
I have not analysis for today, but I have this advise to you:

Do not aim for much, if you make 2% a month average, you should be happy.

Focus on one setup and specialise on it, the 2% a month one day will be 5% month and maybe 5% a week.

But do not worry about that yet. Your goal for this year should be 2% a month, if more the better.

I hope it helps.
2% a month? Lol that's funny, with a leverage of 1:10 you would need 1 pip per day to get 2% per month.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #578,842
  • Edited 7:12pm Jan 1, 2012 6:52pm | Edited 7:12pm
Quoting happytrader
hi, thanks.

i know consistency is very important but 2% a month is actually quite little. i mean the standard risk we take is about 1 -2% per trade. so in 4 weeks of trading, i think 10-15% return could be reasonable.

but i'm not even producing a 5% a month so far.... hate myself!

This is may be this is your biggest problem, start love you self and what you got my friend , your target achievable and reasonable and you will achieve it, , wait for your entry, i have seen few of you SL was above support, it's happen due to early entry, take ice cool mind approach,
Say following to your self
"I am a contributor. I WILL NOT contribute unless Market give what i want"


Edit: i have booked my New year profit +85 pip
Mohan
  • #578,843
  • Jan 1, 2012 6:53pm Jan 1, 2012 6:53pm
Quoting mercy seat
And it is really moving nicely as you can see ...

2012-01-02 _ (01h01 CET) GBP-CAD _ 015min _ 001 candlestick 300-500-30

There is a lot of price action in the box currently ...




;-|
Ok ...

2012-01-02 _ (01h49 CET) GBP-CAD _ 060min _ 001 candlestick 300-501-30

Faites vos jeux!




;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-01-02 _ (01h49 CET) GBP-CAD _ 060min _ 001 candlestick 300-501-30.GIF Size: 49 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #578,844
  • Jan 1, 2012 7:03pm Jan 1, 2012 7:03pm
Quoting krunfx
Euro Leaders Aim to Buy Time to Save Currency (bloomberg)<-----should be watching closely since euro below 1.3 that we analyze it still bearish under it....

but if EZ leader have superb solution...it should rebound from that point..

Will rise to 1,3060 at least then 1,32ish !
  • #578,845
  • Jan 1, 2012 7:06pm Jan 1, 2012 7:06pm
Quoting KillerWhale
2% a month? Lol that's funny, with a leverage of 1:10 you would need 1 pip per day to get 2% per month.
Common mate, I know you are a good trader and you are making that 5% a week as you mentioned in one of your past posts, but 95% of traders lose money. What do we need to advise them? They need to be realistic. Make 2% a month first then the rest will follow. Remember 2% a month is 24% a year without compound. Managing a large capital, that is a great result. Managing a small capital 5% a weeks mean not a lot.
Beauty awakens the soul to act. Dante Alighieri
  • #578,846
  • Jan 1, 2012 7:35pm Jan 1, 2012 7:35pm
Quoting LaMaschera
Common mate, I know you are a good trader and you are making that 5% a week as you mentioned in one of your past posts, but 95% of traders lose money. What do we need to advise them? They need to be realistic. Make 2% a month first then the rest will follow. Remember 2% a month is 24% a year without compound. Managing a large capital, that is a great result. Managing a small capital 5% a weeks mean not a lot.

Traders lose money because they end up being a slave to it. Most traders get caught in chasing paper and that ends up blowing their accounts. What he needs to do is focus on getting 10 pips a day which isn't hard to achieve. While most traders are trying to get 50+ pips be happy with your 10 because its less risk and easy to achieve. Once you can hit the 10 consistently you increase your lot sizes. After a while you will trade 10+ lots for 10 pips do the math.
  • #578,847
  • Jan 1, 2012 7:39pm Jan 1, 2012 7:39pm
Quoting Donyouth4eva
Traders lose money because they end up being a slave to it. Most traders get caught in chasing paper and that ends up blowing their accounts. What he needs to do is focus on getting 10 pips a day which isn't hard to achieve. While most traders are trying to get 50+ pips be happy with your 10 because its less risk and easy to achieve. Once you can hit the 10 consistently you increase your lot sizes. After a while you will trade 10+ lots for 10 pips do the math.
thats a good advice
Trade responsiblypatience is the key/Swing trader
  • #578,848
  • Jan 1, 2012 7:47pm Jan 1, 2012 7:47pm
  •  duca
  • | Joined Dec 2011 | Status: Investing is simple, but not easy | 409 Posts
gap closed
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give 1 and get 100
  • #578,849
  • Jan 1, 2012 7:51pm Jan 1, 2012 7:51pm
Quoting Donyouth4eva
Traders lose money because they end up being a slave to it. Most traders get caught in chasing paper and that ends up blowing their accounts. What he needs to do is focus on getting 10 pips a day which isn't hard to achieve. While most traders are trying to get 50+ pips be happy with your 10 because its less risk and easy to achieve. Once you can hit the 10 consistently you increase your lot sizes. After a while you will trade 10+ lots for 10 pips do the math.
Thats my approach and so far on average Im pulling out +1% per day minimum for the past 6 months now trading short term charts.
All posts are my personal opinion
  • #578,850
  • Jan 1, 2012 8:17pm Jan 1, 2012 8:17pm
Quoting nedim75
Will rise to 1,3060 at least then 1,32ish !
the signal only applicable when the ez memebr react....if not...and as long it stay under 1.3..im still bearish
Bismillah
  • #578,851
  • Jan 1, 2012 9:03pm Jan 1, 2012 9:03pm
-18 pips. great way to start the new year.

the spike in euro... wiped me out...
  • #578,852
  • Jan 1, 2012 9:30pm Jan 1, 2012 9:30pm
Quoting happytrader
-18 pips. great way to start the new year.

the spike in euro... wiped me out...
Hold on, your broker is open too. Why there s so many people with open broker today, arent they supposed to be all close
  • #578,853
  • Jan 1, 2012 9:39pm Jan 1, 2012 9:39pm
Quoting Link
Hold on, your broker is open too. Why there s so many people with open broker today, arent they supposed to be all close
Mine are not closed too but the spreads are unbelivable - huge

Olu
If you think you can or cannot do it you are correct
  • #578,854
  • Jan 1, 2012 9:48pm Jan 1, 2012 9:48pm
Quoting Olu
Mine are not closed too but the spreads are unbelivable - huge

Olu
who s your broker Olu
  • #578,855
  • Jan 1, 2012 9:53pm Jan 1, 2012 9:53pm
for those whos broker is open where is price now ?
"Pippin aint easy"
  • #578,856
  • Jan 1, 2012 9:55pm Jan 1, 2012 9:55pm
Quoting Buitragojl
for those whos broker is open where is price now ?
check that link to see live rates :


http://www.oanda.com/currency/real-time-rates
  • #578,857
  • Jan 1, 2012 9:57pm Jan 1, 2012 9:57pm
Quoting Buitragojl
for those whos broker is open where is price now ?

1,2927
  • #578,858
  • Jan 1, 2012 10:02pm Jan 1, 2012 10:02pm
Quoting Link
check that link to see live rates :


http://www.oanda.com/currency/real-time-rates
oanda never close , some broker opened @ standard time some opens GMT 7.00 , hard to trade now , spread and spark will kill.

Edit : some cross pair spread getting close to 50 pip watch out
Mohan
  • #578,859
  • Jan 1, 2012 10:05pm Jan 1, 2012 10:05pm

  1. 2924
  2. 2911
  3. 2890
  4. 2856
  5. 2801
  6. 2712

lets see which level becomes the bottom this month

  • #578,860
  • Jan 1, 2012 10:16pm Jan 1, 2012 10:16pm
Quoting hindustani

  1. 2924
  2. 2911
  3. 2890
  4. 2856
  5. 2801
  6. 2712

lets see which level becomes the bottom this month

Wow..interesting..hehe
Bismillah
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