EurAnalysis

hi buddy, i am away from home and it is approx 10-30 evening saturday. Dont ever assume you know which way the market will go that is dangerous more often than not when it goes your way it is because you have a 50/50 chance of it happening.Know always gives good advice even though a lot is far from simple lol, but i might add all the info still comes from charts- money flow, volume etc. Like he said it all depends how each individual trader uses the info and uses his money. i have even seen piptrapper mention trades he is going to do and i personally think he's trying to commit suicide lol, but i keep quiet as i know he trades his own successful way with good risk/reward returns. Happy trading buddy

Suicide? Never. Maybe a scratch or a bloody nose from time to time, but you can't fight a battle expecting to come out of it neat and tidy. The suicidal ones are those who follow the lemmings. Not me

hello friend, i wasnt trying to be offensive with what i wrote re suicidal lol, i was getting in the mood. i also wrote risk/reward and i assumed that would be read between the lines. i am away from home and next week i'll write about a guy who i have been mentoring (even though i said i'd never do it) lol. take care,
Hi rekon67 you ok.

I agree, PT has a firm knowledge on what he is doing it can not be categorized or commented like that.

A trader who is looking for 40 pips in a day may not have a same perspective of the trader who is looking for 100 pips on the same position. It is all about perspective backed up by the trader's knowledge and determination.

A timely call from a real trader is always good (with back-up knowledge) rather than staying silent, after all this makes the thread interactive is n't it?

Good morning Sunday

I am good Bill Nice to see your advice. Hope your family and health is great!

Have a nice Sunday Bill

morning buddy, you have read it the wrong way. i wasnt being offensive or derogatory.last week i made over 1000 pips, the week before i made over a 1000 pips the week before over a 1000 pips and yes i look for 40 pips and compound. i have started trading a new way as well as my old faithful and thats why my average has gone up from 800 pips weekly. So when i say i am only after 40 pips thats the way i trade and once i hit my quota i stop. Happy trading

i am after 40 pips per trade not per day

Very nice I posted a possible attack of 130 last nfp, my reasoning is her need huge effort to break her, any trader worth their salt would have been long eu from anywhere near 130, my plan is to have entries as close to the top of recoil (presently now 132 54 - 132 64 )as possible for each attack 130, I dont expect to harvest large pips for each attack, this is not my primary target, as long as I can achieve my rr with runners, as many as possible prior to the attack the better, if my rr is achieved per trade great, but my primary harvest will be when 130 is break, this happen, my runners will achieve yearly 2nd 1/4 quota, most likely in 2 or 3 days.
I believe her recoil now, and next attack will begin Moday or Tuesday, this attack will accelerate towards 130, and smashed it before next Friday or following Friday
This has been my trade plan for her since 16 feb attack
Happy pip hunting bro, will return Friday 4th of MAy

It is ok Bill .. 40 pips and 100 pips was only an example .. neither I have any doubt on you as an excellent trader (since you introduced IB trading here) nor I have any doubt that you are a good human being with full of love.

Have a gr8 Sunday Morning

Usdx support is on test next month.

No worries Billy. No offence taken at all. I was only responding to the humour in your "suicide" comment.

Good Morning Ladies and Gentleman, Boys and Girls.

I woke up this morning in a peaceful reflective mood. I started looking at other threads and came across the following post that I copied and will paste here. The reason that I am placing it here is because in recent days through my discussions with FXMindset I made my strong views and experience in forex known as a way to state that my methods work for me. When I read the post that I now paste here and saw the excellent charts on US INDEX above, I had some thoughts to share on this entire subject. First the post I refer to.

http://www.forexfactory.com/images/buttons/quote.gif

http://www.forexfactory.com/images/s...n/post_old.gif Apr 16, 2011 2:01am
http://www.forexfactory.com/nfs/cust...ar168346_1.gifthe redlion
δος μοι που στω και κινω την γην
Member Since Jan 2011
http://www.forexfactory.com/images/misc/10+kt.gif 1,798 Posts

http://www.forexfactory.com/images/icons/icon1.gif
I used to trade in this way:

i looked at my chart, studied the patterned and according to whatever mechanical strategy i was using at the time.

i would enter the market with with a stop loss of X pips and a take profit target of X pips. this way of trading is encouraged and it is celebrated to be the WAY OF TRADING. with a risk reward ratio in mind.

very mechanical very methodical, but if it is THE WAY why is it that most traders fail? i believe is because this WAY of trading doesnt work.

FTI says that rigidity kills and that is really true.

why do we make mental assumptions and believe the market/price will respect our assumptions? why do we gamble our money on every trade by predicting the direction beforehand and protecting from crippling loss by putting a stop loss that
1 will be taken out by volatility
2 will allow us to take a loss
3 if put away from volatility the loss will be bigger

The one thing i have learned is that the market is really not complicated but our systems are to rigid and to predictive to be effective.
can you agree with me that the market.

1- has trends
2- acts in waves
3- has 4 basic market structures (bull, bear, topping and consolidating, and ranging)

why go all in at once? Jessie Livermore used to scale in, FTI snowballs in,
and that is the best way.

this is the way i trade and hope you find some usefulness and adapt it change it or do as you please with it but the one thing you should take into consideration is that RIGIDITY DOES KILL. a system should be flexible.

1- I determine market structure mixing fundamental analysis and technical analysis. ALWAYS determine where the USD is moving and move with it, it makes it hard to be on the wrong side

2- i dont try to catch every fluctuation as this is dangerous (if in a bull market why go bear to catch the correction when the bull might charge at any moment) i try to catch the MOVEMENT of the price. using a higher time frame to give me a bigger picture and a smaller time frame that allows me to feel the wave, the rhythm and movement of price.

3- i snow ball my way in, one initial small lot if i am correct it will be in the green right away, and i can press the attack by fib ratio skews 1,2,3,5,8 etc
if i am correct in the direction but ill timed i will go in the red and simply wait for the market to come back and prove me right, or wait for the market to prove me wrong with minimal losses. or i can attempt to rescue by averaging down, or hedging it really depends on your psych and risk apettite. the market will not always go your way right away sometimes it goes 60 pips the other way just to resume its trend, hold on and know when to press the attack.
this makes you very profitable when youre right by snowballing and minimizes your losses when wrong by not risking but ur initial small position.

no physical stop losses, if you believe i will blow my account and i am dumb for no stop losses, i can hear you say the draw down is unlimited and all that croak of s=-t. i have used them and they dont work.

4- i use a set amount of risk capital and bank all profits above that target.

i minimize my overnight exposure by scaling down my attack but maintaing my initial entry or if i believe i should leave more troops on the ground i do. but no the whole army if you are not watching it.
__________________
AVT INVENIAM VIAM AVT FACIAM

Kno's Comments:

Since I have actually learned the same basic things as the redlion has and I was discussing this with FXMindset on this thread and can confirm the view is mostly correct with some refinements that I have added and again stating STRONGLY that Technicals are about 25% of the tools that are needed in the toolbox for success then I encourage everyone to keep working on your technical skills.

I consider myself to be an extremist in that it is either the right way or no way. I hate to lose and I always look for solutions to problems. In fact sometimes in real life when I get bored I think I cause problems just to have the fun solving them and getting rid of my boredom.

There is usually a solution to most problems. The problem that we are focused on here on this thread is how to make money trading forex.

PipTrapper is the most balanced and knowledgeable trader on this excellent thread that he started on September 25, 2011 and I point this out not to praise him since that is a given for all of us here however to make the point of this post that I share here.

Learn your trade and keep an open mind in order to improve your results.

the redlion discovered most of what I know and can CONFIRM 100% only because of my actual results.

The one other VERY IMPORTANT thing and probably the MOST IMPORTANT thing that you need to be a Forex Winner is DISCIPLINE.

You cannot trade your weakness and be a winner even if you have every other skill. The market loves FEAR, GREED and EGO.

I have a very healthy Ego and I always have to monitor it using my common sense.

In closing I share some historical background on my own trading career right at the beginning of my real trading.

I hope it proves helpful and makes the point about Ego and Common Sense.

I got ready for my future in forex with good life experience and a strong desire to be the best at what I do. I started demo trading during 2003.

I had good results from the start however on a scale of 100, I was probably at 60 which while good was far from my target of 100%.

I arranged $25,000 US Dollars to trade with during March 2006 and I actually doubled it to $50,000 US by early June 2006. I took on 5 or 6 more clients and by the start of June 2006, I had close to $100,000 US Funds under my management through an "LPOA" (Limited Power Of Attorney) In all the trades I made between March 9, 2006 and June 7, 2006 I NEVER HAD ONE LOSS.

I decided to take all my clients over to Man Financial who had taken over Refco since they had a better platform and was much stronger and reliable. I started by only using the Saxo Platform. At Man Financial I used my main trading platform that I learned on which was Trade Station Two.

During the early part of June 2006 I would say somewhere around June 15, 2006 I was faced with a Major Trading Decision in my life and career.

I still had NEVER LOST EVER TRADING REAL FUNDS and as strong as my Ego was then and now I knew I had to eventually take a loss.

The moment of TRUTH had now arrived. I had a drawdown in one position of 100K for one of my clients of $100 US and I was not comfortable with that long position in EUR/USD so I decided to take the LOSS of $100 US

That was the HARDEST LOSS that I ever took trading Forex then and now.

It was to be my first loss after nearly 3 months of trading real funds for my clients.

I took the LOSS and that was when my "Common Sense" defeated my INCREDIBLE EGO.

I became a real currency trader. On my scale of 100 I would now rank myself at 90 and I still am trying to mover closer to 100. I will only achieve that when I am ranked the Number One FX Trader in the World.

A Healthy Ego is good under control. High Goals are Good even if not achieved. I would still be very happy being ranked in the Top 100 however why not strive for Number One ?

PipTrapper is Number One in my books for starting this thread and being a great leader and giving me a place that I call home without attacks on me because I speak my mind.

Thanks everyone for your respect and affection...

http://www.traderview.com/tedbits/TB-Apr25-12.pdf

Snippet:

TedBits: The Economic and Financial NO SPIN Zone
Global Macroeconomic Analysis Through the Austrian Lens
By Theodore (Ty) Andros

Tsunami Alert: Send in the Bond Squad
Wolf Wave
Economic Murder

An underwater earthquake has occurred in Spain and is quite possibly occurring now in Italy. Killer waves are now
headed directly at the central banks and financial systems throughout the developed world and at Europe in Particular.
How long until they hit and do the financial equivalent of Japan’s recent tsunami? Socialist bureaucrats and progressives
on both sides of the Atlantic are locked in death struggles with Mother Nature. THEY WILL LOSE.

Hi Sir,


Seriously,am really wondered and confused with you sir,you simply wont stop ya ?

in earlier am just said just go ahead,and please review the back pages,when am posted my analysis bout euro bull you are the one intervene first by asked egg and chicken blah2 ( at that time am believe u r short )

listen,it doesnt matter you long or short..I dont mid you want intervene my post or sharing..its ok,and I dont mind you call it bull or bear,its never be a problem,each people have their own edge and analysis,and am already told you to just stick ur own plan and go ahead..am never said u r wrong,am just wonder gosh..my hell ya...what happened with our Mr.Kno,never stop and keep bringing the cases ????

one thing am notice is you keep bringing every cases into the table again and again,like arm hair picture and this one

I told u kno,just go ahead what you know and stick it and dont being sensitive

take it easy and dont be afraid with others members judgement about you,

dont be afraid also with other members think bout your knowledge,every person have different personality and every traders have different system,a trader even that doesnt make profits annualy but with small DD one will absolutelly earn my respect

Its not bout TA or FA In Forex Trading,Its about MM

In this life especially trading I wont admitted am the best,even i think i have the good TA skills am not dare to admitted it also..am still learning and learning and never end till am old

I even not dare to call myself as a professional forex trader or forex teacher like you sir,

am here for learn and help some members which show a positive attitude one,

am Just a small people with small account that still trying to learn,to build and to looking some food for my family

Simply like that

"There is no "Point" for compare one members to another : its Useless..
am just curious with your mind and attitude...seriously ? Honestly am just tot this is Just a simply sharing but again and again my uncle kno..

again my professional forex trader Uncle Kno,,,,my question is "you simply wont stop ya ??

Remember,every person ages doesnt mean he/she more experience or not,as myself am saw a lot ego and emotional old ages person also


Good Luck my brother even I know u will come another post to defend yourself such "am just explain or whatever positive thing tone" But one thing am surely know that..a Wise members surely would know what is true and what is wrong

talk is useless,show us your trade..
your trade,your risk and your 5% gain every month,
I dont care what your system is
I dont care what your fundamental analysis is..
I dont care how many clients,or how big your account is..
I dont care that you had never lose one ( your post seem such a promotion in my eyes and ear..lol )

Listen,

a trader with account balance $100 will surpass a trader with $50,000 one

by looking ur statement,entry and exit..am sure would know you are right trader or not..simply like that

Ciao ~

I share this with you and everyone who reads my reply to you.

This REPLY has nothing to do with Forex Trading.

It is all about life and Life Experience.

You can only get Life Experience by living life. I have had 68 years plus of practice.

This Life Experience that I now share with you and everyone else here is my MOST POWERFUL LIFE DISCOVERY.

There is a book that I heard about on Forex Factory last year. It is called The Four Agreements and I bought it and read it very carefully.

That is the Author's Life Experience and I will get to mine in just a minute.

(1) "You Must Always Be Impeccable With Your Word"

(2) "You Must Never Have The Need To Be Accepted"

(3) "You Must Never Take Anything Personal"

(4) "You Must Always Do Your Best"

When I did my post this morning it was meant for everyone reading it here. You clearly took it as personal to yourself so you reacted.

I understand why you reacted. I had just done my post also about EGO.

When I talk about EGO it was about my currency trading. I also talk about a healthy ego.

A healthy ego can only come with life experience if you have the common sense to learn. CLEARLY this last remark is NOT ABOUT YOU...

Please see (3) in The Four Agreements.

Here now is my MOST POWERFUL LIFE DISCOVERY.

We all live our lives through our own prisms. That means though our own life experience which include bias and PERCEPTIONS.

The PERCEPTIONS could be Right or Wrong HOWEVER it surely is our MINDSET and only ours.

When anyone speaks to me including Family, Friends and Business Associates after hearing what they have to say I ALWAYS ask myself One Question ?

Are They Talking About Me OR Are They Talking About Themselves ?

Try it in your daily life and you will see things you never have before. By understanding the other person then you can learn and grow.

You are a good decent person who sometimes takes things to personal and you are very sensitive too comments from other people.

I SHOULD KNOW SINCE THAT IS ALSO MY MINDSET...

I hope you understand and grow from these comments. I am only here to share, help and learn. I have NO HIDDEN AGENDA.

Take Care And Be Well...

Knoholygrail

P.S.

On Edit

After I just posted this I see you edited your post and challenged me for no good reason but your EGO.

I have nothing to PROVE to YOU or anyone here.

Here are your in bad taste remarks while I accept they are your TRUE PERCEPTIONS OF ME !!!

Good Luck my brother even I know u will come another post to defend yourself such "am just explain or whatever positive thing tone" But one thing am surely know that..a Wise members surely would know what is true and what is wrong

talk is useless,show us your trade..
your trade,your risk and your 5% gain every month,
I dont care what your system is
I dont care what your fundamental analysis is..
I dont care how many clients,or how big your account is..
I dont care that you had never lose one ( your post seem such a promotion in my eyes and ear..lol )

Listen,

a trader with account balance $100 will surpass a trader with $50,000 one

by looking ur statement,entry and exit..am sure would know you are right trader or not..simply like that

Ciao ~

The kind of remarks that you just added are the kind of remarks that caused me great distress in the EUR/USD thread being attacked daily by posters such as Cloggie all the while Real Frauds like Jacko were allowed to remain here by Twee and others. No Disrespect to Twee who is a great person and I have much respect for him.

I excuse your challenge and your remarks. I hope you let go since I really would like to keep posting here as long as I fell welcome and do not need to prove anything. I shared my trading experinces NOT TO BRAG or claim that I am smarter or better than anyone. It was my point about Trading Ego.

On a FUN NOTE I will be glad to send you my PDF File by Email which will show you 1502 Real FX Trades with Real Funds of $99,980.00 US when I traded for Cyber Planet out of Hong Kong and aside from having a real net profit of $19,246.02 US Dollars on starting Capital of $99,980.00 US in exactly 35 days my first 673 FX Trades on the Total of 1502 FX Trades were ALL WINNING TRADES and YES I am very proud of my record as I should be. I really hope we can put this to bed so I can continue to post here in Peace and Harmony.

Individual Customer Statement
Account Number :
Customer : From Date :
11/07/2007 12:56:50 am
Cyber Planet Limited
PF363269


11/07/2007
10/01/2007
To Date :
Assigned Broker :
Assigned Trader : Margolese, Bruce

Starting Balance Net Deps/Wths/Adj/Fees Net Commissions Ending Balance Cash Balance
$0.00 $36,384.54 $99,980.00 $0.00
Total Realized $ P/L Notional Balance
$0.00 $119,246.02
Date Prepared :
Net Premiums
($17,118.52)
For a complete breakdown of commissions and premiums by Ticket ID, please refer to the Account Transactions Statement for the same report period.
$119,246.02 $119,246.02 $0.00 0.00% $119,246.02 100.00%
Current Usable Margin
Margin Statistics
Current Account Equity Current Used Margin Usable Margin %
$0.00
Ending Balance Total MTM $ P/L Used Margin %
Type Ticket ID Currency Pair Lots B/S Open Date/Time Open Rate Entry - Close Date Time Close Rate Transaction Amount
Transaction Statement: (Profit/Loss, Deposits, Withdrawals, Adjustments & Advisor Fees)
CD --- --- --- --- --- --- 10/02/2007 12:13 --- $99,980.00


G-D Bless You !!!

I Will have NO MORE REPLIES To Anyone on this subject.

Take Care And Be Well...

Whatever Mr.Kno

am learn the best thing in this life is ignored what people said bout you,heck you doesnt make me any money..

am just curious one thing,you seem have a good trading result
may you post every month statement in here,or if you are not convienent to post then you may try the way am normally post a trade call here..post every trade call signals when you long or short and how many % u risk..so i can know what you are said its true or not..am will note every call of you..entry and exit and risk %

Its the best prove rather than talk and talk..I dont want any new members misleading by your post,some members will lure into your Pool later if " you claimed never had a single loss"

oh, the almighty "who has a bigger di*k" contest.

I dont need any statement if you are not convienent sir,Just post your live call here mate and lets see the truth


Thanks

Lol..sure my mini small hundreds account cant compare with the Big $50,000 or $100,000

am tired with this shit..

am post arm hair pic..and am stop then he keep bringing up and up till wants PT take decision

now just am post my analysis for Euro Bulls then this comment never stop till now...

I tot its already past and let it go,but woww what the hell man...its appear again ?! i cant stop thinking seriously.

Seriously,this is just simply like looking a acknowledgement contest in here

as i said many times,am just a small people that still trying to learn,to build and looking some food for my family

No Hidden agenda,as am never claimed am forex master or teacher or prof currency trader..no signal sells,no managed account words from me

I think am tired and i think am old one...Lol...Forget it..let it be mate

My respected and beloved Uncle Kno,

am make it very very easy In here


Everyone,

am Just a simply Evil Bas Ass In here,


Thank you