EURUSD | Page 32028 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #640,541
  • May 6, 2012 10:46pm May 6, 2012 10:46pm
Quoting turanius
My montly profit is in avarage 30-35% and I do not consider myself as the best, and just started to work with this sheet and I know I have daily minimum 25 pips profit in avarage, but now, with the help of the calculator I will stop then and am sure I will do better with it now.
it's depend on how big your account , once your account considerably large you will start to happe with 15 % a month , once you reach chicky is level , 1% pm more than enough to buy the world
Mohan
  • #640,542
  • May 6, 2012 10:47pm May 6, 2012 10:47pm
Quoting mohan76
when it come to practical , it don't work that way ,
1. we don't have 30 business days month
2. each s/l will wipe put one green day profit and that day profit.
1. It does not have to be 30 days within a month but your 30 days of trading, where you can insert the date.

2. You will face SL more probably if your target is higher than 25 pips. 25 pips is an amount that every currency have the range within your 25 pips target and if you trade with 100 pips profit target, the direction may change before it hits your target and brings you faster in red


3. I once used to close trades with 5 pips profit and execute about 20 trades per day with scalping and it made me up to 200 pips profit within only 50 pips range move...knowing this, how easy must it be to achieve 25 pips? it is only 5x 5pips trade...very very unrealistic right?
  • #640,543
  • May 6, 2012 10:47pm May 6, 2012 10:47pm
Quoting KillerWhale
Calculate yourself rich if you want.
  • #640,544
  • May 6, 2012 10:49pm May 6, 2012 10:49pm
I'm getting seasick just looking at the PA for the last few hours.

Any longs worried about the Europe markets opening later?

Had wanted to load longs at the low of 1.2950 - 1.2960 but the 5mins - Bollinger Bands 20 look like a further decline to 1.2920 - 1.2940 is on the cards......
  • #640,545
  • May 6, 2012 10:50pm May 6, 2012 10:50pm
Quoting Anti_Losses
REALLY?!?!?!

I mean if I can maintain at current level of >3% a month I am in the best average?!?!?

All the while I am thinking the figure is something like >100% a year!

I am running at about 3.5% for the last 3 months which I console myself that at least I am not underwater...

You really make me a little happier today...
Even this guy is not the best
Attached File(s)
File Type: pdf 1st place_aug 2008[1].pdf   32 KB | 323 downloads
The Thief of Wall Street
  • #640,546
  • May 6, 2012 10:51pm May 6, 2012 10:51pm
Entry Point : 1.2983 @TP 1.3100 NO STOP LOSS = 117pips


Up Up Up Up Up
  • #640,547
  • May 6, 2012 10:57pm May 6, 2012 10:57pm
Quoting Chicky
Take a galss 3/4th full of water. Hold it out with your working hand for five seconds. Then keep holding, see how long you can hold it.

Many things in this world are not how big or small they are, but for how long they remain big or small.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #640,548
  • May 6, 2012 10:58pm May 6, 2012 10:58pm
Looks like we are set to have an explosive move

Last 1 hour and 15 minutes has been non eventful.
All that is left in FF is just plain garbage. "Cloggie"
  • #640,549
  • May 6, 2012 10:59pm May 6, 2012 10:59pm
Quoting mohan76
it's depend on how big your account , once your account considerably large you will start to happe with 15 % a month , once you reach chicky is level , 1% pm more than enough to buy the world
LOL...

I agree. It's easier to double your account when you're working with smaller amounts.

E.g.

If I have a USD 100 account, my mentality would be even if I lose everything, I lose USD 100.

If my account has grown to USD 100,000, now my mentality would be, I shouldn't risk my account more than USD 1k per trade because if I lose the amount, I lost 1k (assuming SL). So it's harder to double an account of USD 100,000 compared to USD 100.

After my first month re-trading (after Zulutrade posted a big loss for me), I had a 25% monthly profit. However, after that my profits started tapering down, and now I'm down to 10% monthly profit. I'm pretty sure in another few months, I would be happy with 5% monthly profit (but with bigger overall returns in actual USD).
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #640,550
  • May 6, 2012 11:00pm May 6, 2012 11:00pm
Quoting Chicky
Even this guy is not the best
The richest people in the world are bankers who trade. They get interest from the debt slaves, and they make insane profits trading

So I'd assume he is not the best, no.
An opportunity lost is not a capital cost.
  • #640,551
  • May 6, 2012 11:01pm May 6, 2012 11:01pm
someone here said sell it at 12 EST whatever price is. :nerd:
  • #640,552
  • May 6, 2012 11:03pm May 6, 2012 11:03pm
Quoting turanius
1. It does not have to be 30 days within a month but your 30 days of trading, where you can insert the date.

2. You will face SL more probably if your target is higher than 25 pips. 25 pips is an amount that every currency have the range within your 25 pips target and if you trade with 100 pips profit target, the direction may change before it hits your target and brings you faster in red


3. I once used to close trades with 5 pips profit and execute about 20 trades per day with scalping and it made me up to 200 pips profit within only 50...
I'm sure very soon you must be the first trillionaire in the world
New voice message: Why are you calling me? If I need you, I'll call you!
  • #640,553
  • May 6, 2012 11:05pm May 6, 2012 11:05pm
Quoting rafiqhidayat
LOL...

I agree. It's easier to double your account when you're working with smaller amounts.

E.g.

If I have a USD 100 account, my mentality would be even if I lose everything, I lose USD 100.

If my account has grown to USD 100,000, now my mentality would be, I shouldn't risk my account more than USD 1k per trade because if I lose the amount, I lost 1k (assuming SL). So it's harder to double an account of USD 100,000 compared to USD 100.

After my first month re-trading (after Zulutrade posted a big loss for me), I had a 25% monthly profit....
Thats because you are over the hard hump. Getting from 10k to 100k is the same as getting from 100k to 1 million. If you got the balls to think in percentages, not money.

Even if you could compound leverage and make 1% a day, you would be to over 1million easily within a year.. not going to do the math but if its not at least 1 million, its in the high 100ks.
An opportunity lost is not a capital cost.
  • #640,554
  • May 6, 2012 11:09pm May 6, 2012 11:09pm
Quoting KillerWhale
I'm sure very soon you must be the first trillionaire in the world
Second, ..............to be more precise.
The Thief of Wall Street
  • #640,555
  • May 6, 2012 11:09pm May 6, 2012 11:09pm
The way I see it we just had the big explosive move short with the stupid loss I took carrying a trade over the weekend. I broke one of my rules doing that. F me!

Quoting tonyo524
Looks like we are set to have an explosive move

Last 1 hour and 15 minutes has been non eventful.
  • #640,556
  • May 6, 2012 11:09pm May 6, 2012 11:09pm
Quoting Chicky
Second, ..............to be more precise.
I didn't know you were already there.
Congrats.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #640,557
  • May 6, 2012 11:11pm May 6, 2012 11:11pm
Quoting Chicky
Take a galss 3/4th full of water. Hold it out with your working hand for five seconds. Then keep holding, see how long you can hold it.

Many things in this world are not how big or small they are, but for how long they remain big or small.
Nice response.
  • #640,558
  • Edited 11:25pm May 6, 2012 11:12pm | Edited 11:25pm
Quoting turanius
1. It does not have to be 30 days within a month but your 30 days of trading, where you can insert the date.

2. You will face SL more probably if your target is higher than 25 pips. 25 pips is an amount that every currency have the range within your 25 pips target and if you trade with 100 pips profit target, the direction may change before it hits your target and brings you faster in red


3. I once used to close trades with 5 pips profit and execute about 20 trades per day with scalping and it made me up to 200 pips profit within only 50...
deposit $100 repeat your cycle daily for next 2 year (aprox 626 business days) you can turn it into $503,982,979, in 3 years your world richest person
Mohan
  • #640,559
  • May 6, 2012 11:12pm May 6, 2012 11:12pm
Quoting BFSGcapital
Thats because you are over the hard hump. Getting from 10k to 100k is the same as getting from 100k to 1 million. If you got the balls to think in percentages, not money.

Even if you could compound leverage and make 1% a day, you would be to over 1million easily within a year.. not going to do the math but if its not at least 1 million, its in the high 100ks.
I understand your logic. But for me and I think most of the traders who are still new / learning about Forex it's still about SURVIVING. And the biggest part of it, it's the mental state of the trader.

Yes, if you compound at 1% a day, you will end up with a lot. But I will probably take out a certain percentage of my trading capital, let's say once I reach 100k, because it's the less risky thing to do, and start trading again with maybe 10k. It might take a few rounds of getting from 10k to 100k before I say, now might be the time to take the next step to move from 100k to 1 Mil.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #640,560
  • May 6, 2012 11:12pm May 6, 2012 11:12pm
Quoting turanius
1. It does not have to be 30 days within a month but your 30 days of trading, where you can insert the date.

2. You will face SL more probably if your target is higher than 25 pips. 25 pips is an amount that every currency have the range within your 25 pips target and if you trade with 100 pips profit target, the direction may change before it hits your target and brings you faster in red


3. I once used to close trades with 5 pips profit and execute about 20 trades per day with scalping and it made me up to 200 pips profit within only 50 pips...

enough enough, bro if it work you for congrates, I do this a long time, you sound like everything is easy, nothing is easy this business, is million different system to use trade, all sometimes is work ok, most is fail long term, 95% traders is fail, so is not easy,

i do like some things you is saying, compounding formula, less number trades etc etc.

I think is nice lesson to, have maximum trade of 1 per day, gain or loss is not matter, just 1 trade, I will gauranteed you will think very hard before decide to enter.
If is fail, next day, you will think even harder before enter, this is good lesson to control emotions, greed, fear, indecision, etc etc,
Get 50% success days and increase to 2 etc etc, over over, rr 1/2 50% success is 100% profit less fees, spread etc

numbers is easy, actual trade success is not
If you are new to Forex? Say Goodbye to your account!!
388 traders viewing now