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  • #589,401
  • Jan 28, 2012 8:26am Jan 28, 2012 8:26am
Just look for 1% profit a day, you will be amazed how quick it adds up and not difficult to do as long as you follow the trend, fib, ma, etc will bury you at end of the day
  • #589,402
  • Jan 28, 2012 8:56am Jan 28, 2012 8:56am
True. I tried that.

But my problem was, I was successfull for 5 sessions and the 6th session took all the pips i made.

Trying to figure out how to cut the bad trades.

To make 10Pips how much ur stop will be.

Thats where I got burned.

Any thoughts will be great.

Thansk.
KC.

Quoting ibpo
How to make 30% a day

------------------------

1, $100 invest
2, $1 per pip open lot
3, 10 pips TP 3 times = $30 ( 30% )

------------------------

a, Sydney open
b, Tokyo open
c, Frankfurt open
d, London open
e, Tokyo close - Sydney close
f, Frankfurt close
g, Ny open
h, London close
i, Ny close

-------------------------

1, Asian stock open close times
2, Europe stock open close times
3, USA stocks open close times

-------------------------

economical colander

------------------------

political news

-------------------------...
  • #589,403
  • Jan 28, 2012 10:00am Jan 28, 2012 10:00am
Quoting kuroro001
You can...but with such money management, you will fail at the end.
Will you risk 1000$/pips on a 100k account ? I doubt any traders would do it...only gambler or casino players will

Less than a 100 pips loss and you're out of the game
If the reward is 10000 then yes.
  • #589,404
  • Jan 28, 2012 10:24am Jan 28, 2012 10:24am
I just saw this thread in zerohedge titled :

Endgame Begins - UK "Foreign Office Sources Say Merkel Now Thinks Greece Will Default"

will this have any impact on the opening of E/U....


Source: http://www.zerohedge.com/news/endgam...e-will-default
  • #589,405
  • Jan 28, 2012 10:28am Jan 28, 2012 10:28am
Quoting KCV
True. I tried that.

But my problem was, I was successfull for 5 sessions and the 6th session took all the pips i made.

Trying to figure out how to cut the bad trades.

To make 10Pips how much ur stop will be.

Thats where I got burned.

Any thoughts will be great.

Thansk.
KC.
I believe this will help u a lot with ur problems.
Try spending ur time in his site. My best mentor.

http://www.learntotradethemarket.com...ion-strategies
  • #589,406
  • Jan 28, 2012 10:32am Jan 28, 2012 10:32am
Quoting Forexgain
I just saw this thread in zerohedge titled :

Endgame Begins - UK "Foreign Office Sources Say Merkel Now Thinks Greece Will Default"

will this have any impact on the opening of E/U....


Source: http://www.zerohedge.com/news/endgam...e-will-default
The guy who submitted that story , didn't I read somewhere on this thread that he had 8/8 predictions wrong and was a very good contrarian. Poor guy probably has a short going and dug up that from his archives to rally support . Do you really think Merkel of all people would admit to such a thing even if it were true, meanwhile we have news of Greece edging closer to a deal, in the current headlines???
Officer ... I swear to drunk I am not God
  • #589,407
  • Jan 28, 2012 10:35am Jan 28, 2012 10:35am
excuse my poor maths skills but what % of ur total a/c did u risk per trade?

Quoting Trendica
About 5 days ago I opened an account with $2,500.00 and I made it $14,500.00 then lost $4000, all that was in one day (exactly less than 20 hours), it was very awesome day for me!

P.S. My lots was always between 2 - 5 per trade!
  • #589,408
  • Jan 28, 2012 10:37am Jan 28, 2012 10:37am
Quoting Trendica
Yes dear, this is my style of trading... I open an account with 2 - 3k maximum and try as hard as I can to make it anywhere from 10 -15k at the lowest time possible, after I achieve my goal I withdraw ALL the money and then open a new account and put again ONLY 1 - 3k and start trading again, I take the profit out of the game

You may tell me.. "You may will loss, be careful" come on.... I will never lose more than what I deposited which is small amount compare to what I make
1 to 3 k converting to 15 k a day means you are making 500% a day

please post any screen shot and let mods close this thread then all traders can get back into kitchen .. sorry chart.
-----------------
  • #589,409
  • Jan 28, 2012 10:43am Jan 28, 2012 10:43am
exactly

now I know why we have the 95%

if a trader spends most of their time mentally masturbating to $ signs how can they trade successfully and consistently? they cant. a professional sportsperson doesnt think about the trophy, do they?

ive spent 2 years on demo and the biggest breakthrough happened this week when I covered the dollar amount on mt4 when the trade was up

after that, managing the trade was like a game . in fact , when I moved my SL up around the NY open on the GBP-CHF and saw a fakey take me out it had no meaning - it was like ok where is the emotion

all that pain and sweat to realise it wasnt my system but me



Quoting attila
Setting a target increase/day for your account is a mistake. It makes you focus on the wrong things. The market is uneven from one day to another, so then how can one have a fixed target/day? My 2 cents...
  • #589,410
  • Jan 28, 2012 10:44am Jan 28, 2012 10:44am
Quoting Trendica
About 5 days ago I opened an account with $2,500.00 and I made it $14,500.00 then lost $4000, all that was in one day (exactly less than 20 hours), it was very awesome day for me!

P.S. My lots was always between 2 - 5 per trade!
As embarrassed as I am to say this , I do believe this can actually happen with a 50/50 chance, I say so because , about 8 years ago , when I first deposited a whole $400 as collateral to test if FX was for me or not, without having the slightest clue what I was doing , I somehow turned it into about $4600 in a couple of days, and obviously lost the lot in a couple of hours too.
If anything I would not be bragging about this achievement if I was you , it only stands to imply you are either a gambler or absolutely clueless about FX trading.
Officer ... I swear to drunk I am not God
  • #589,411
  • Jan 28, 2012 10:44am Jan 28, 2012 10:44am
Quoting krunfx
Hepy first decade beday for euro- 28/2/02-28/2/2012....

Dont be to early to fail euro....u are too young...hahaha
The Euro will survive or it won't. The natural market forces will determine that. It has nothing to do with hope, desire, or anything else. If it reaches parity, I would think it be hard for it to survive. But know one really knows. The expert ''...consensus..." is that it won't survive. But experts have been wrong before.

A 600 pip run up is simply obeying the technicals regardless the announcements, news, or whatever. To finish out the weekly trend line, it should go to 3350's (to my detriment). I hope to survive and than short as heavily as I can on it's way down to the bottom channel of around 2450 or so.

It's been a painful climb up--slow and arduous with very little volume. The big boys are right around the corner.

Who knows, reality might set in and if that happens, panic will ensue with major shorts. When the drop comes, it will be ugly.
Taigen Profit This Month: na
  • #589,412
  • Jan 28, 2012 10:45am Jan 28, 2012 10:45am
Quoting Fidza
The guy who submitted that story , didn't I read somewhere on this thread that he had 8/8 predictions wrong and was a very good contrarian. Poor guy probably has a short going and dug up that from his archives to rally support . Do you really think Merkel of all people would admit to such a thing even if it were true, meanwhile we have news of Greece edging closer to a deal, in the current headlines???
Hope we won't end up like "The Boy Who Cried Wolf".
  • #589,413
  • Jan 28, 2012 10:46am Jan 28, 2012 10:46am
I've posted this 52 week wide H&S (S-S) (26 weeks S-H-S) pattern before. Posting again because the neckline retest will be in play this coming week.
Attached Image (click to enlarge)
Click to Enlarge Name: h&s.gif Size: 16 KB
" If I can't be my own, I'd feel better dead" - Alice In Chains
  • #589,414
  • Jan 28, 2012 10:52am Jan 28, 2012 10:52am
Quoting Trendica
About 5 days ago I opened an account with $2,500.00 and I made it $14,500.00 then lost $4000, all that was in one day (exactly less than 20 hours), it was very awesome day for me!

P.S. My lots was always between 2 - 5 per trade!
I wish you well my friend, but you are playing with a 2-edged sword. I did the same thing and thought I was on to something until I lost it all. I got up to 17.5k. Consider your $2500 as tuition and when it's gone it is hoped that you will have learned something that no college could offer. Then you won't think of it as so much a loss but the cost of learning.

I remember the feeling. It was fun and yes, it was very awesome.
Taigen Profit This Month: na
  • #589,415
  • Edited 10:54am Jan 28, 2012 10:53am | Edited 10:54am
yep that TL was strong. 3270ish should be interesting area to watch.
I'd prefer a down gap on Monday to 3150 area for a long though.



Quoting jeeper
I've posted this 52 week wide H&S (S-S) (26 weeks S-H-S) pattern before. Posting again because the neckline retest will be in play this coming week.
Attached Image (click to enlarge)
Click to Enlarge Name: eum15.gif Size: 27 KB
  • #589,416
  • Jan 28, 2012 11:00am Jan 28, 2012 11:00am
Quoting Ch1l1MaN
Hope we won't end up like "The Boy Who Cried Wolf".
Well I wont , at least not at present , as I have no Euro positions open, I closed my long E/J and E/U prematurely ,mostly because I bought into all the eurosceptic news feed bombardments.I am mostly trading on Gold now, which is to a certain level affected by this pair, but mostly its the USD strenght in general that concerns me.
Officer ... I swear to drunk I am not God
  • #589,417
  • Jan 28, 2012 11:04am Jan 28, 2012 11:04am
Quoting Ch1l1MaN
Hope we won't end up like "The Boy Who Cried Wolf".
For the last year, how many announcements have we heard that a deal has been reached and Greece is on the road to recovery?

Has Greece ever been on that road to recovery? Not once.

But like the lemmings we are, we'll slobber over the news and celebrate when they announced that they came up with some kind of solution that could work providing the necessary austerity measures take place.... blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah...

I think there are a few more '...blah's...' but who cares? I suppose the lemmings.
Taigen Profit This Month: na
  • #589,418
  • Jan 28, 2012 11:09am Jan 28, 2012 11:09am
Social engineering is commonly understood to mean the art of manipulating people into performing actions or divulging confidential information.[1] While it is similar to a confidence trick or simple fraud, the term typically applies to trickery or deception for the purpose of information gathering, fraud, or computer system access; in most cases the attacker never comes face-to-face with the victims.



http://en.wikipedia.org/wiki/Social_...%28security%29



I think the manipulation with the help of Social engineering . More and more acquires an impact on the markets . How to counter it !!?? Things just look at what the market does . And ignore all that is happening around the market!!!



An Example of Social engineering. Granting loans to those who didn't need . The Bankruptcy of Greece ..Tell that There bankrupt if the production of the all died after the accession to the European Union . Prospects of subsidies from the European Union !!???



Learn to distinguish between Social engineering and real events taking place in the financial markets
  • #589,419
  • Edited 11:21am Jan 28, 2012 11:10am | Edited 11:21am
Quoting ibpo
1 to 3 k converting to 15 k a day means you are making 500% a day

please post any screen shot and let mods close this thread then all traders can get back into kitchen .. sorry chart.
Here is a screen shot for you for my account...

http://imageshack.us/photo/my-images...jan282107.gif/

I won't earn anything if I lie, lol
  • #589,420
  • Jan 28, 2012 11:14am Jan 28, 2012 11:14am
Quoting ibpo
1 to 3 k converting to 15 k a day means you are making 500% a day

please post any screen shot and let mods close this thread then all traders can get back into kitchen .. sorry chart.
LOL, no... no one will have to go to the kitchen, they like the way they trade and I like the way I trade, we both look to make money, the important thing that we SUCCEED in that!
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