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  • #642,141
  • May 10, 2012 11:09am May 10, 2012 11:09am
Quoting weathercheck
Will unemployment ruin my future job credentials.

Is it preferable to gain part time employment?
I think yes a part time job would be better for your CV and better for your sanity too. You can't go FT retail trading overnight and expect to make 10% a week. That is very very unlikely. Are you saying you have traded before? If not expect to be working at this for years before you can repeatedly make 10% a month nevermind a week.
  • #642,142
  • May 10, 2012 11:10am May 10, 2012 11:10am
Quoting Mr.4season
hello mate, can eurusd touch 2990 tonight ?
if greece forms at pro euro government yes. if not no chance
  • #642,143
  • May 10, 2012 11:11am May 10, 2012 11:11am
Quoting Mr.4season
hello mate, can eurusd touch 2990 tonight ?
It can there again it may not im not the best to ask as im not a technical trader but im sure someone else will point you in the right direction
  • #642,144
  • May 10, 2012 11:11am May 10, 2012 11:11am
Quoting pips-scout
Stay Away from this game.
your 1000 will not last you very long unless you have years of experience on demo.
all traders good or bad have had losses at the start.
your budget is small and you are looking at 10% profit per week.
that would turn your 1000 in 20+ mil in 2 years.
that means it is not realistic.
don't get in if you cannot afford to lose the money, in your position you will be too attached to it and it will affect your judgment.
Yes i have had some experience trading , nothing major, this definitely can be an issue but i feel i can overcome this by playing the 1 hour ticks rather than the smaller time frames and play a basic game plan.

Also the portfolio will be longer term.

I think the best plan for me would be to find a 20hr PT job to take in around 300EUR p/week, keep myself on my toes and then work on the trading.

I definitely know that it is not a good idea to over analyze, patience is obviously the most critical part of the game, followed by discipline.

I know the figures seem unrealistic, obviously we will have losses, it is only a guide and will change going forward as the margin increases over time, with further investment and appreciation.
  • #642,145
  • May 10, 2012 11:12am May 10, 2012 11:12am
pocketed 30 pips from EURAUD... i love when my technical analysis works
  • #642,146
  • May 10, 2012 11:13am May 10, 2012 11:13am
Quoting Baz00ka
Can anyone plz tell me if they see this line in there GBP/USD 5m chart?
Cause i am sick n Tired of Etoro.com.i have had SO much MONEY lost cause of etoro.com! Plz check n confirm:
Hi,

I have two live accounts with the following brokers, neither has that tail on the 5 min candle.
Admiral Markets
Saxo Bank
  • #642,147
  • May 10, 2012 11:17am May 10, 2012 11:17am
Quoting weathercheck
My first post


I want to stick it to the man now after all my rejections; so what should i do? I have limited capital so projects need to start from a small base. 1000 investment of capital is maximum for any project.


As outlined, my starting margin will be 1000EUR

What i wish to do is make 100EUR profit per week; withdrawing 50EUR per week for the first 3 months.
It would be totally impractical to try to achieve what you are talking about here.
Get a demo account and learn forex - I found babypips.com a great place to start.
I've put in 30 hours a week for the last twelve months and am only just beginning to get consistent profits with day trades and even now I still do the occasional stupid thing and waste a weeks profits.
Even if you could make $100 per week you'd need to more than double that to make your account grow sufficiently.
I'd be very happy for you if I'm wrong but I'm afraid it just isn't going to happen.

Good luck.
Don't ask me, I have no idea what's going on.
  • #642,148
  • May 10, 2012 11:18am May 10, 2012 11:18am
the question was asked have i traded before.

Yes i have but with success? no.

I spent 3 months studying charts and examples and a tutorialage.

Since then i haven't had the cash to play, any time i do its 100 or 200$ and trading with patience and discipline doesn't work.
  • #642,149
  • May 10, 2012 11:18am May 10, 2012 11:18am
Quoting weathercheck
My first post

I am hoping to start trading soon but have a few questions.

Will unemployment ruin my future job credentials.

Is it preferable to gain part time employment?

A BA in Science 2:1
A PGDIP in Finace 2:1

3 Years experience in Sports Trading Institution

And i have been rejected from 5 jobs, i am young enough, just 23 but things do not look good.

Soon i will be drawing a measily 121EUR a week from the dole thanks to my previous employment.

I want to stick it to the man now after all my rejections; so what should...
Good luck. You shouldn't enter unless you can afford to lose that money.

Trend trading isn't really the "trend" right now. There is no clear direction in the markets and it's not recommended to take directional bets at the moment.

10% a week is asking for quite a lot with current market conditions. I would suggest you wait and be patient.
  • #642,150
  • May 10, 2012 11:20am May 10, 2012 11:20am
Quoting pipnaija
moving on to trading...

i expect her to dance around now till she finds 293x
market so dead.. wonder why i always arrive late for scalping... just to keep my sharp paws busy
  • #642,151
  • May 10, 2012 11:20am May 10, 2012 11:20am
Quoting Mr.4season
Hi Guys, I already had buy at 1.3002 and sell at 1.2964 now. wat should i do for the best ? please advice, thx
If i were you, but i'm not, i would not have shorted...1,308x (weekly close) will be challenged sooner or later...Can't tell you when and if we are heading down first...but 1,2960 has been challenged so many times today.

The break of it is just a matter of time

But don't follow my advice, follow your MM
COT: The precious data ignored
  • #642,152
  • May 10, 2012 11:26am May 10, 2012 11:26am
Quoting Mr.4season
hello mate, can eurusd touch 2990 tonight ?
It may the highest will go is 1.2993. We will see.
  • #642,153
  • May 10, 2012 11:27am May 10, 2012 11:27am
Quoting weathercheck

What i wish to do is make 100EUR profit per week; withdrawing 50EUR per week for the first 3 months.

I will trade a simple method of selling/buying against certain trendings.

I will also have a small portfolio taking up around 40% of my margin which will include some improving gulf oil companies, some strong US equities, staples in Europe.
Hey bro, you better save that money and get a job of any kind. Maybe something that is below your expectations / qualities. You shouldn't start trading with plans like making x € a week - withdrawing cash for daily living...That is simply just additional pressure on yourself and trust me you do not need anything of that sort in this game
If you really cannot restrain yourself from doing this, be the judge yourself. Open an account with a very low amount of cash like 200 € and give it a go. You have been rejected only 5 times looking for a job, man here people get to the first round after sending 50/100 applications out and that's only an interview, do not give up on it yet!

All the best and good luck!
  • #642,154
  • May 10, 2012 11:28am May 10, 2012 11:28am
Quoting Gizzledonk
It would be totally impractical to try to achieve what you are talking about here.
Get a demo account and learn forex - I found babypips.com a great place to start.
I've put in 30 hours a week for the last twelve months and am only just beginning to get consistent profits with day trades and even now I still do the occasional stupid thing and waste a weeks profits.
Even if you could make $100 per week you'd need to more than double that to make your account grow sufficiently.
I'd be very happy for you if I'm wrong but I'm afraid it just isn't going...
Let the MC hit him hard for the first time - this is the best way to learn,
Almost 12 months - since about 3 6/10 hours per day and I have my moments of glory and moments of sadness.
Everything you just wrote is solid but let him feel MC after first week. It will hit him immediately that this is a serious business and involve hard, hard work, and work and more hard work.
I am off. Cabel hit me today a bit, need to go away from FX and analise my mistakes

swing it!
  • #642,155
  • May 10, 2012 11:29am May 10, 2012 11:29am
Go into business with grizzly bear
But don't sit down
Cause i moved ur chair
  • #642,156
  • May 10, 2012 11:29am May 10, 2012 11:29am
hi all slightly confused with regards to chinese data coming out soon..

if its bad -natural assumption is this will create a sentiment of risk off with everything so screwed up as it is , eurusd will sell like crazy.
but on 2nd thoughts- this will pressure the chinese gvmt to loosen monetary policy thereby facilitiating global growth hence the possibility eurusd will rise..?

thanks in adv
  • #642,157
  • May 10, 2012 11:31am May 10, 2012 11:31am
Quoting kuroro001
If i were you, but i'm not, i would not have shorted...1,308x (weekly close) will be challenged sooner or later...Can't tell you when and if we are heading down first...but 1,2960 has been challenged so many times today.

The break of it is just a matter of time

But don't follow my advice, follow your MM
i see, but if i closed my sell at 1.2964, it's make me worry if euro break down to 1.2888 or below ?
my plan if tonight can touch 2990, i want cut my buy position.
  • #642,158
  • May 10, 2012 11:37am May 10, 2012 11:37am
Quoting Resent
hi all slightly confused with regards to chinese data coming out soon..

if its bad -natural assumption is this will create a sentiment of risk off with everything so screwed up as it is , eurusd will sell like crazy.
but on 2nd thoughts- this will pressure the chinese gvmt to loosen monetary policy thereby facilitiating global growth hence the possibility eurusd will rise..?

thanks in adv
The loosening Chinese monetary policy will not impact global growth. China is an export orientated economy and a larger money supply will not largely affect the imports of China.

China will not loosen monetary policy as well, they have a bad enough inflation rate on their hands and the government will not risk increasing their money supply.

They will not affect sentiment.
  • #642,159
  • May 10, 2012 11:43am May 10, 2012 11:43am
Sup gaiz?
  • #642,160
  • May 10, 2012 11:45am May 10, 2012 11:45am
EURUSD Short for me 18:29 GMT+2
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