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  • #631,321
  • Apr 23, 2012 10:56am Apr 23, 2012 10:56am
I am long now 1.3130 anybody else? TP at 1.3144
  • #631,322
  • Apr 23, 2012 10:56am Apr 23, 2012 10:56am
Quoting stevexyg
And 12mins around 13127 but only 2 or 3mins at upper end of range. What does THAT mean?
According to my 15M chart stoch this is likely turning south and I'll have an entry signal around 5pips lower on my 1M chart. Some of you guys might have an entry sign/signal already?
  • #631,323
  • Apr 23, 2012 10:57am Apr 23, 2012 10:57am
Quoting pkimnyc
gee... tanks.
  • #631,324
  • Apr 23, 2012 10:58am Apr 23, 2012 10:58am
Quoting cloggie
H4 could not get 3095 at the fix, we are back at 26, the bottom is in for the day. (barring any crap news of course, but none is expected and the EU has gone home)

And I won't post statements anymore, get nothing but crap for it.
for what matters, I find them inspiring... Live example of someone who made it...
  • #631,325
  • Apr 23, 2012 10:59am Apr 23, 2012 10:59am
Quoting stevexyg
It's nice to see as I said before it makes the impossible seem possible for us avearge Jo traders but you are going to create controversy with it because it's hard to believe material for those of little faith.
Eh, I dunno, this is my third year of FX trading......I've finally reached profitability, but I think I've seen EVERYTHING along the way. The scale of money really doesn't matter, i've seen the same pattern with people from starting balances from 2k, to 2M....it's the same story. Some will float flat and withdraw with 50-90% of balance remaining, some people will go up 500% or down to 5% left, and blow out multiple accounts. That was me personally the first two years, I would half my account, then quadruple it, then go 1/5 my account, and blow out. Took me a while to learn how to adjust the risk management side, and de-leverage, the temptation was great to just keep piling in, but you can't do that..

Then of course, seen a few pro traders, who chug out consistently for the last 2 years, 20% average a month (with a few down months of equal magnitude), making many small trades on swings usually, risking 2-5% ...it sucks losing 2M worse than 2k, but you can trade the same way with it.

I think it's good to show perspective, although I think the average case remains, slightly below break even. (Wins - Losses - commissions)
  • #631,326
  • Apr 23, 2012 11:02am Apr 23, 2012 11:02am
time to visit 31 again first support at 3120
  • #631,327
  • Apr 23, 2012 11:02am Apr 23, 2012 11:02am
Quoting lolygagv2
Eh, I dunno, this is my third year of FX trading......I've finally reached profitability, but I think I've seen EVERYTHING along the way. The scale of money really doesn't matter, i've seen the same pattern with people from starting balances from 2k, to 2M....it's the same story. Some will float flat and withdraw with 50-90% of balance remaining, some people will go up 500% or down to 5% left, and blow out multiple accounts. That was me personally the first two years, I would half my account, then quadruple it, then go 1/5 my account, and blow...
Congrats, well done for sticking with it through the tough times. Isn't perseverance the key to success? In all areas?
  • #631,328
  • Apr 23, 2012 11:03am Apr 23, 2012 11:03am
Quoting Chicky
I intend to cut my piece near 1.2972
@Chicky:


Im not lying, we havent cut the cake as yet. As soon as we cut the cake - I'll send you a piece and when you cut your cake at 1.2972, please send me a piece.
  • #631,329
  • Apr 23, 2012 11:05am Apr 23, 2012 11:05am
Quoting stevexyg
According to my 15M chart stoch this is likely turning south and I'll have an entry signal around 5pips lower on my 1M chart. Some of you guys might have an entry sign/signal already?
So I have a short entry signal on my 15M but not on my 1M, infact 1M looks strong to the upside. So this means.....wait.....no entry for me.
  • #631,330
  • Apr 23, 2012 11:07am Apr 23, 2012 11:07am
@Daecpa:

Im thinking about how are you making out? Did you manage to handle your business? Trading is a lonely business and just wanted to say you're not alone.
  • #631,331
  • Apr 23, 2012 11:09am Apr 23, 2012 11:09am
Quoting HDA
@Chicky:


Im not lying, we havent cut the cake as yet. As soon as we cut the cake - I'll send you a piece and when you cut your cake at 1.2972, please send me a piece.
Do you love chicky ?
If there was easy money lying around,no one would be forcing it into your
  • #631,332
  • Apr 23, 2012 11:09am Apr 23, 2012 11:09am
man this thing is never gonna go down...
  • #631,333
  • Apr 23, 2012 11:10am Apr 23, 2012 11:10am
if it cant go down on a day where some (spain) europe equity markets are hitting decade lows, spain broke a huge trendline yet eurusd is still up... its not gonna go down
  • #631,334
  • Apr 23, 2012 11:11am Apr 23, 2012 11:11am
Quoting lolygagv2
Eh, I dunno, this is my third year of FX trading......I've finally reached profitability, but I think I've seen EVERYTHING along the way. The scale of money really doesn't matter, i've seen the same pattern with people from starting balances from 2k, to 2M....it's the same story. Some will float flat and withdraw with 50-90% of balance remaining, some people will go up 500% or down to 5% left, and blow out multiple accounts. That was me personally the first two years, I would half my account, then quadruple it, then go 1/5 my account, and blow...
I dont care, I just play! Money is just a piece of paper, nothing else.
  • #631,335
  • Apr 23, 2012 11:12am Apr 23, 2012 11:12am
Quoting FXMindset
Do you love chicky ?
@FXMindset:

His humour cracks me up. He has a good spirit for trading.

There was also this other trader - his member name was THE FOOL - I wonder what ever happen to him, - he always had a way of bringing humour to the room.
  • #631,336
  • Apr 23, 2012 11:15am Apr 23, 2012 11:15am
Quoting HDA
@Daecpa:

Im thinking about how are you making out? Did you manage to handle your business? Trading is a lonely business and just wanted to say you're not alone.
That was ok.HDA.
  • #631,337
  • Apr 23, 2012 11:15am Apr 23, 2012 11:15am
Quoting stevexyg
So I have a short entry signal on my 15M but not on my 1M, infact 1M looks strong to the upside. So this means.....wait.....no entry for me.
Look at the last hour or so on the 1M chart.

We have price testing and rejecting 1.3126, a level Cloggie has been mentioning all day. Then a consolidation period 5pips below, then a finding of the level 1.3126 where price hovered. Then a spike to 1.3137 then back down then up towards 1.3137 again - but not making it. What is this telling us?

Do we have a lower high here? Yes. And a lower low? Not yet.
  • #631,338
  • Apr 23, 2012 11:16am Apr 23, 2012 11:16am
Fast trix will cross soon the 0 level, will down to 1.3120 or more...
  • #631,339
  • Apr 23, 2012 11:17am Apr 23, 2012 11:17am
Quoting hlina9
That was ok.HDA.
@hlina9:

That was ok????
  • #631,340
  • Apr 23, 2012 11:19am Apr 23, 2012 11:19am
Quoting HDA
@hlina9:

That was ok????
That about the trading biz. And just so that you care. Nice to read.
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