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  • #639,981
  • May 5, 2012 6:53am May 5, 2012 6:53am
Quoting KillerWhale
I know my friend, but realize (I do) that 6.25% is very difficult to get on a regular and sustainable basis.
If I can get an average of 3.5% per week I am a very happy person.
My basic goal was 5% per week but I have lowered that to 3.5%
Hi Killer...
Good to see you this weekend.
I took part in some FOREX competitions, which ususally take 4 weeks time.
I wasn't even among first 10 winners with my 150-250% profits!
The winners always have stunning 2000-4000 % in 4 weeks time!!!
Now I am experimenting with differet money management styles on small account, trying to follow the winners, but I am far away from those "cosmic" results...
I think 5-10% profits on average weekly basis is quite decent result.
Read Charts - Not Papers
  • #639,982
  • May 5, 2012 6:55am May 5, 2012 6:55am
Quoting Itrade24h
ummmmm... i dont know if is true or not, but 13000 real accounts are following this guy

http://zulutrade.com/TradeHistoryInd...aspx?pid=27609
For what? And how do you know your 13000 number?
For sure it is easy to scam people because we want to make money RIGHT?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #639,983
  • May 5, 2012 6:58am May 5, 2012 6:58am
Quoting halkins
Hi Killer...
Good to see you this weekend.
I took part in some FOREX competitions, which ususally take 4 weeks time.
I wasn't even among first 10 winners with my 150-250% profits!
The winners always have stunning 2000-4000 % in 4 weeks time!!!
Now I am experimenting with differet money management styles on small account, trying to follow the winners, but I am far away from those "cosmic" results...
I think 5-10% profits on average weekly basis is quite decent result.
You are right about that.
Never get nervous if you read about 2000% gains.
Those are the people who one time hit it and after that they are big time losers.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #639,984
  • Edited 7:56am May 5, 2012 7:06am | Edited 7:56am
There is strong support @1.3050. It may test this support line and bounce back to 1.3250 in next week and onto 1.3350 a week after. Bullish for sometime in future.
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.jpg Size: 123 KB
AshN
  • #639,985
  • May 5, 2012 7:06am May 5, 2012 7:06am
Quoting KillerWhale
You are right about that.
Never get nervous if you read about 2000% gains.
Those are the people who one time hit it and after that they are big time losers.
During competition I used to set up my target to 1000%, but all ups and downs make it all unreasonable.
I'd need ALL transactions profitable without any SL hit.
Though I found 100% per month is quite possible, not easy but realistic...
Unfortunately what is easy on small account, isn't so on big account.
Read Charts - Not Papers
  • #639,986
  • May 5, 2012 7:27am May 5, 2012 7:27am
Quoting Motion
I'm not at my desk so can re-work on your image but we can use another approach:

1. 12th bar from the left on your chart needs to be marked.
2. Why is 12,13,14,15 which is a rising twos not market.
3. What happened to the morning doji stars on the right handside that kept failing?

Is it that you marked the patterns that worked with the benefit of hindsight and ignored the ones that failed and you really expect us to buy that?
Think well mate. For every 10 candlestick setups you show me that worked, I'll pick out another 10 that failed...
Criticism is alway welcome by me

If you wanna know what happend to dojis on right go to my explorer and have a look I took that trade because hammer rejected support and I entered after that immediately as it was buy signal for me, it tested hammers shadow as it usually do and shot up, I'll be waiting for monday candle to see if it has a further bullish potential.
Not ewvery trade is golden that is why you use SL don't you??? I simply showed what doji/spinning top and bull/bear engulfing patterns do and show us at resistance and support levels.
That is why I narowed my entry to those 3 formations + price @ sup or res.
http://www.forexfactory.com/attachme...2&d=1331571757

Picture below show more less a blueprint for entry and exit. Not everything will be perfect it is forex after all. I didn't say I ride every top and bottom cause I don't nobody does. I am still learning and got little less than a year behind my belt so please forgive me any flaws.
I appreciate your comment mate
http://s7.postimage.org/ouk9ylu9n/ff1.gif
upload images

Edit first TP could also be above points 3 and 4 @1.3255 level but price broke down further and those two points became our target, simple sup& res trading
swing it!
  • #639,987
  • May 5, 2012 7:27am May 5, 2012 7:27am
Quoting KillerWhale
Maybe not on your 5 minute chart, but look at the higher time frames.
They always work

I will keep that in my mind. and keep using HA for that TF.

roger and out.
deep RoT is essential for everlasting happyness
  • #639,988
  • May 5, 2012 7:32am May 5, 2012 7:32am
Quoting Motion


...And making LOVE...
You sir should never last long in business you don't love. If your primary task is only to make more money from what you love doing on daily basis, I don't see how in the world one could feel good.
  • #639,989
  • May 5, 2012 8:08am May 5, 2012 8:08am
Not from there I dont think so bearish pattern D1

Quoting netFX
There is strong support @1.3050. It may test this support line and bounce back to 1.3250 in next week and onto 1.3350 a week after. Bullish for sometime in future.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #639,990
  • May 5, 2012 8:14am May 5, 2012 8:14am
break ?
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd d1 5-5-12.png Size: 42 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #639,991
  • May 5, 2012 8:30am May 5, 2012 8:30am
Quoting tomspin
Criticism is alway welcome by me

If you wanna know what happend to dojis on right go to my explorer and have a look I took that trade because hammer rejected support and I entered after that immediately as it was buy signal for me, it tested hammers shadow as it usually do and shot up, I'll be waiting for monday candle to see if it has a further bullish potential.
Not ewvery trade is golden that is why you use SL don't you??? I simply showed what doji/spinning top and bull/bear engulfing patterns do and show us at resistance and support levels.
That...
You have a nice and understanding spirit mate. What are friends for? Looking forward to sharing more ideas with u.

And I also checked your explorer you referred me to, I really didn't get the idea. Wanna say some things about it but not here as it's really not in the best interest of your reputation. I'll pm you once I'm less busy. Have a splendid weekend mate!
Don't just beat the markets, leave bruises.
  • #639,992
  • May 5, 2012 9:06am May 5, 2012 9:06am
Quoting KillerWhale
Can someone tell me if ZuluTrade is reliable??
I use Zulutrade... started off as wanting to autotrade my account, but because of their ranking system which is skewed, had my worst month since I started trading again.

However, I'm keeping my zulutrade account because it allows me to trade using the web while I'm work because my broker doesn't have a web based trading tool.

Another issue I have with Zulutrade besides their ranking system is the fact that you will get slippage between the execution of the signal provider versus the follower. And depending on when the signal is sent, sometimes it might be a difference of a few pips, which sucks especially if you follow someone who scalps.

They have further improved the ranking system and warning system for reckless signal providers, etc... however, I will not use zulutrade to autotrade my account anymore as I'm much more profitable when I manual trade.

Hope that helps.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #639,993
  • May 5, 2012 9:31am May 5, 2012 9:31am
Quoting Itrade24h
i will dedicate 32850 hours to forex business, will be great!
Impossible to deceive poligraph/lier's detector/. Market is poligraph
  • #639,994
  • May 5, 2012 9:39am May 5, 2012 9:39am
Quoting Bones
Not from there I dont think so bearish pattern D1
You may be right but what I see on my chat is -
Big Triangle formation PA going to test at the base of the triangle @1.3064 and bounce back to 1.3240 early next week.
Attached Image (click to enlarge)
Click to Enlarge Name: chart2.jpg Size: 123 KB
AshN
  • #639,995
  • May 5, 2012 9:39am May 5, 2012 9:39am
Quoting Itrade24h
i will dedicate 32850 hours to forex business, will be great!
32849 of those hours should be studying MM and 1 hour practice flipping and catching a coin
  • #639,996
  • May 5, 2012 9:56am May 5, 2012 9:56am
USD
Attached Image
  • #639,997
  • May 5, 2012 10:25am May 5, 2012 10:25am
well anything s possible

Look what the last daily candle did ?


Quoting netFX
You may be right but what I see on my chat is -
Big Triangle formation PA going to test at the base of the triangle @1.3064 and bounce back to 1.3240 early next week.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #639,998
  • May 5, 2012 10:28am May 5, 2012 10:28am
Preliminary "WELLINGTON SETUP SURVEY" ...

###

TABLE with ZIGZAG + PIVOT SURVEY for the EUR/USD pair:


1.)


2012-05-04_23h15 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-18 # A1 ss


24 hour probabilities ...


###



This is an advanced skills ZIGZAG + PIVOT SURVEY for experienced traders and user circles of strategy development who are concerned with suitable methods of successfully trading by the use of appropriate strategies.

(UPDATE 23h00 CET) Ausblick:

This is what we have got to work with for the trading sessions ahead and the period remaining until the end of Sunday & Week No. 19 ...

Text and preliminary strategies as shown in the TABLE further hints will be (maybe) mentioned later ...





palim palim





;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #639,999
  • May 5, 2012 10:35am May 5, 2012 10:35am
Heres my thought


Quoting netFX
You may be right but what I see on my chat is -
Big Triangle formation PA going to test at the base of the triangle @1.3064 and bounce back to 1.3240 early next week.
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd 2 x doji.gif Size: 72 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #640,000
  • May 5, 2012 10:47am May 5, 2012 10:47am
Quoting netFX
You may be right but what I see on my chat is -
Big Triangle formation PA going to test at the base of the triangle @1.3064 and bounce back to 1.3240 early next week.
Let me add something here.

Nothing to do with your above post in particular but I am now getting tired of people's total reliance on chart patterns.

Its hard but concrete fact that price does not move based on our chart patterns but price movement makes these patterns. Do I have to repeat this?

Charts, among many other things, give us important price levels that we call strong support and resistances. But, not the direction. The direction is determined by fundamentals.

Now if you want to analyse and speculate what pa is going to do, you first have to study fundamentals and then the chart. Then comes how smartly you invest your funds in trades. It is nothing but foolish to invest your available margin in only one trade taken at a certain price level. One should wisely use his/her margin.

Anything can happen to a few-pip short term trade in a day over three main trading sessions (NY, Tokyo and London) and their overlapping sessions.

Once said that, it is undeniable fact that both American and European economies are fucked at the moment. Greece which is 1% of European econommy (that in turn is 25% of world economy) had a great impact on Euro. Today Greek people are gong to polls. No matter what the outcome, no party will get the majority seats and therefore a fragile coalition goverment is the destiny of Greece. Spain is much larger (about 10% of European economy) has it own problems. Americans have pushed their economic issues under the carpet and its a ticking timebomb ready to explode anytime. It is not a matter of if but when this whole world economy comes tumbling down. In this scenario, only those economies would survive who admit and accept the facts and go from there.

That means markets will remain volatile, bouncing off from strong support and resistances. That explains your triangle.
The Thief of Wall Street
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