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  • #629,881
  • Apr 20, 2012 2:11pm Apr 20, 2012 2:11pm
Quoting Razvan
I'm at 1.3220 short, I was thinking this might be resistance and it's room for a retrace during the weekend and maybe after, stops are at 1.32551. But yeah I can close at BE now.

Edit: I think i'll leave them open, I don't really see a reason for euro to go much higher (hopefully it's not the bias talking)
does it need a reason? personally i'd have taken b/e and peace of mind over the weekend...

that said, even if it gaps against you, the statistical probability is that it will retest tonight's ny close level, but gl with it anyways....
  • #629,882
  • Edited 2:32pm Apr 20, 2012 2:15pm | Edited 2:32pm
Quoting neptun84
Hi,
My broker closed eur/usd on 1.3221. Can anyone let me know where did it close today? On Netdania charts it is shown as 1.3204
Thanks
I have 1.32097! Xtb
  • #629,883
  • Apr 20, 2012 2:24pm Apr 20, 2012 2:24pm
Quoting SnaveForex
what goes up must come down...check h4 chart we are due for a trace..didnt happen in ny bought the little left.

A retrace is parabolic this will be good for a swing next week back to 1.3130 61.8% of move 3076-3220 ~
Jj in my opinion we have to touch 260 area also 4h chart, than down for 160 points ... But thats just my point of view.. Who knows
  • #629,884
  • Apr 20, 2012 2:26pm Apr 20, 2012 2:26pm
Here's a weekly chart, fib looks dead on. That of course does not rule out a retrace.








PS: my broker closed at 1.32185 /205; alpari UK micro
Attached Image (click to enlarge)
Click to Enlarge Name: weekly fib.jpg Size: 285 KB
  • #629,885
  • Apr 20, 2012 2:32pm Apr 20, 2012 2:32pm
Another 74,000 muppets lost millions in a scam:

http://uk.reuters.com/article/2012/0...83J1A520120420

When are you guys going to learn, there is nothing you can buy, borrow, beg or steal that is going to make you money.

There is not a single signal service in the world that is going to make you money, there is not a single mentoring service that is going to teach you how to trade. All these guys are in it for one thing, and one thing only, themselves. The only one making money out of any of these ventures are the scammers/teachers/signal providers themselves.

If a guy figures out how to trade the last thing he is going to do is flog that for 99 dollars or charge 200 dollars a day to teach someone.

He is going to trade his own funds or he is going to work at a shop and trade OPM.

In the last 3 days I have posted scams totalling 10Mn dollars here.

Even this forum, none of the trading strategies work, if they did over the longer term, the traders would keep them to themselves, make a killing or use it to get an in with GS/DB/UBS, if you walk in the door there with a proven strategy, you will be on 100k+ in the first year and taking home a few million within a year or two, WTF would you post it on FF, or share it with some nobody on the web?

Wisen up kiddos and go to work.
  • #629,886
  • Apr 20, 2012 2:34pm Apr 20, 2012 2:34pm
argh.. should of closed my short overnight lol.. Got poked pretty hard.

Just dont get why no one is focusing on the French Leftist President will in, which is BAD for Germany and the Euro.

Guess they will wait until Sunday which figures, after i had to reduce my short.
  • #629,887
  • Apr 20, 2012 2:39pm Apr 20, 2012 2:39pm
Quoting Razvan
What do you guys think about holding a short over the weekend?
it's up to you, if you want the stress.
  • #629,888
  • Apr 20, 2012 2:39pm Apr 20, 2012 2:39pm
Quoting cloggie
Another 74,000 muppets lost millions in a scam:

http://uk.reuters.com/article/2012/0...83J1A520120420

When are you guys going to learn, there is nothing you can buy, borrow, beg or steal that is going to make you money.

There is not a single signal service in the world that is going to make you money, there is not a single mentoring service that is going to teach you how to trade. All these guys are in it for one thing, and one thing only, themselves. The only one making money out of any of these...
Jj i would post it ... Why not? More people where happy! No? What about AXY.TO?
  • #629,889
  • Apr 20, 2012 2:40pm Apr 20, 2012 2:40pm
Quoting cloggie

Even this forum, none of the trading strategies work, if they did over the longer term, the traders would keep them to themselves, make a killing or use it to get an in with GS/DB/UBS, if you walk in the door there with a proven strategy, you will be on 100k+ in the first year and taking home a few million within a year or two, WTF would you post it on FF, or share it with some nobody on the web?

Wisen up kiddos and go to work.
People post strategies here when they come up with them so other people can help them test and improve them.

Of course neither the people posting the strategy or the people testing it are experts and most strategies fail...but some might be profitable in the long run.
If you post a strategy here (or an ideea) that you want to test/improve does not mean it will stop working as soon as you share it. In fact it might go unnoticed.
I believe alot of strategies here might be profitable (some more some less) if they are used with proper common sense and discipline. Bots or strategies that don't take market conditions/news, martingale types excluded.

Obviously if you have a tested and proven strategy and you need no improvement/testing or help with anything or trading partners/friends to discuss it then there is no point posting it.

Maybe you won't find a top strategy on FF, but you might find something to give you a starting point...also if you have a strategy yourself and you post it here it might give you a chance to hear other opinions.

I believe, even though here you might not find the top expert/traders making a killing (except you ,cloggie, ofc ) you might still find people with enough knowledge that can help you refine/improve a strategy. Nobody is perfect and brainstorming works better if it's done in a team.

Addendum: It's true that if I have a great trading strategy there is no reason to teach others or post here; but before I get that great strategy there is a reasearch and development phase and I might not want to do it alone. Some people might resort to this forum and post some initial ideeas here to bounce them around. Maybe one of the next potential great strategies is being posted right now?
  • #629,890
  • Apr 20, 2012 2:47pm Apr 20, 2012 2:47pm
Quoting Razvan
People post strategies here when they come up with them so other people can help them test them and improve them.

Of course neither the people posting the strategy or the people testing it are experts and most strategies fail...but some might be profitable in the long run.
If you post a strategy here (or an ideea) that you want to test/improve does not mean it will stop working as soon as you share it. In fact it might go unnoticed.
I believe alot of strategies here might be profitable (some more some less) if they are used with proper common...
systems or so called (strategies) don't work. market conditions change time to time. what cloggster has is a method. it's a bit different than fixed set of rules.
  • #629,891
  • Apr 20, 2012 2:49pm Apr 20, 2012 2:49pm
Quoting Razvan
People post strategies here when they come up with them so other people can help them test them and improve them.

Of course neither the people posting the strategy or the people testing it are experts and most strategies fail...but some might be profitable in the long run.
If you post a strategy here (or an ideea) that you want to test/improve does not mean it will stop working as soon as you share it.

Obviuosly if you have a tested and proven strategy and you need no improvement/testing or help with anything or trading partners/friends to discuss...

Most strategies I see there are utter BS, very few if any post one and add a caveat, you know this one don't work, but let's see if we can make it work together here.

The problem is though that the one trader that is going to make it work is not going to post his result there, he is going to keep it to himself again.

Show me one strategy there that has been tested for 5 years, 5,000 trades and has a flat equity curve, you are not going to find it. Those are closely held and not shared publicly, what you find there are the failures, the bottom of the barrel.

Why anyone wishes to waste their time over there is beyond me. 10,000's of posts and manhours are wasted to fail collectively and everyone there just leads you on a merry go round.

Go find a few traders that know what they are doing, and have shown that publicly and follow them, listen to what they say, figure out what they are looking at and try to replicate that on your charts.

The useless thread is a great example, there are some good traders there, go sit in the corner and try to learn something, don't go wasting your time chasing rainbows in the strategy thread, there is nothing of value to see there.

If anyone here disagrees, show me a single strategy from there with a proven consistent equity curve and you know what, I or someone I will find for you will pay you 100k and get you a job for the next few years.
  • #629,892
  • Apr 20, 2012 2:51pm Apr 20, 2012 2:51pm
Quoting cloggie
Another 74,000 muppets lost millions in a scam:

http://uk.reuters.com/article/2012/0...83J1A520120420

When are you guys going to learn, there is nothing you can buy, borrow, beg or steal that is going to make you money.

There is not a single signal service in the world that is going to make you money, there is not a single mentoring service that is going to teach you how to trade. All these guys are in it for one thing, and one thing only, themselves. The only one making money out of any of these ventures...

Just because you have your opinion and that's how you feel or act, doesn't mean others don't have opposite views. I've posted some free EAs that I built myself, and they DO make money year over year, on my site. Are they insane money makers? No.......but neither are any hedge funds after risk adjustments. I trade with them and make 20% a year with a handful of trades each month. It's something I willingly give out, because I like sharing knowledge, not hoarding it, and the strategy doesn't have an alpha that can be stolen readily.

They are based on simple methods and statistical probabilities, nothing fancy, but again. does this sound too good to be true? No....I hope not..lol, but is it something worthwhile and free? yes

(But yes, probably the exception here, plus I don't talk or hype it up much, typically people who are advertising their trading, always have an agenda)
  • #629,893
  • Apr 20, 2012 2:52pm Apr 20, 2012 2:52pm
Quoting Razvan
Addendum: It's true that if I have a great trading strategy there is no reason to teach others or post here; but before I get that great strategy there is a reasearch and development phase and I might not want to do it alone. Some people might resort to this forum and post some initial ideeas here to bounce them around. Maybe one of the next potential great strategies is being posted right now?

You have to do it alone, if you don't your internet buddy is going to sell it to GS for 250k once he gets it working and they will frontrun you as their execution is so much better and faster and you will lose any edge you ever thought you had.

I worked for firms where we spend millions on R&D and we took privacy and security extremely seriously.

Go show me a strategy/system/methodolgy used by any of the propshops, anything, go see if you can find even a snippet, you won't and never will, if it works, you do anything in your power to keep it inhouse, to keep its integrity and the last thing you want is a leak.
  • #629,894
  • Apr 20, 2012 2:53pm Apr 20, 2012 2:53pm
I would like to ask You, all that how many hours are you watching to charts per day?
  • #629,895
  • Apr 20, 2012 2:54pm Apr 20, 2012 2:54pm
In my honest opinion: anybody in the world that believes there are people who have a system/robot/method that can make millions are selling it for 99.99$ (for a limited time, special offer!) DESERVE to lose all their money. They are too stupid to have money.

I believe there should be no penalty for scammers, maybe that way people would be more carefull with their money. There would not be the false sense of security that comes with regulations (oh...i'm sure he's not a scammer...scammers go to jail...police is protecting me so I don't have to do the research myself).
  • #629,896
  • Apr 20, 2012 2:54pm Apr 20, 2012 2:54pm
Quoting lolygagv2
Just because you have a your opinion and that's how you feel or act, doesn't mean others don't have opposite opinions. I've posted some free EAs that I built myself, and they do make money on my site. Are they insane money makers? No.......but neither are any hedge funds after risk adjustments. I trade with them and make 20% a year with a handful of trades each month. It's something I willingly give out, because I like sharing knowledge, not hoarding it, and the strategy doesn't have an alpha that can be stolen readily.

That is idiocy, if you have a bot that returns 20%, I can get you a few hundred million to trade and you can take home 15-20 million a year, WTF would you give it away, you have 100Mn in the bank that making 20 million a year does not make a difference in your life?

Do you have any clue what kind of money is involved in consistently returning 20% a year? I will guarantee you, you will be a billionaire inside of 10 years.

I worked at a shop that was doing a good 10-15% a year and we turned guys away who wanted to give us 50Mn, we ended up closing the fund, we couldn't handle the money anymore.

The big houses in the City seed dozens of guys with 10's of millions a year that show 10%, walk into any of them and you got a job for life.
  • #629,897
  • Apr 20, 2012 2:56pm Apr 20, 2012 2:56pm
Quoting hlina9
I would like to ask You, all that how many hours are you watching to charts per day?
8 hrs at least.
  • #629,898
  • Apr 20, 2012 2:59pm Apr 20, 2012 2:59pm
Quoting pkimnyc
8 hrs at least.
So full time job
  • #629,899
  • Apr 20, 2012 2:59pm Apr 20, 2012 2:59pm
Quoting cloggie
Another 74,000 muppets lost millions in a scam:

http://uk.reuters.com/article/2012/0...83J1A520120420

When are you guys going to learn, there is nothing you can buy, borrow, beg or steal that is going to make you money.

There is not a single signal service in the world that is going to make you money, there is not a single mentoring service that is going to teach you how to trade. All these guys are in it for one thing, and one thing only, themselves. The only one making money out of any of these ventures...
Hit the nail on the head!!! bang on
  • #629,900
  • Apr 20, 2012 3:05pm Apr 20, 2012 3:05pm
Quoting hlina9
So full time job
almost. i'm in sales business. my hours are very flexible.
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