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  • #21
  • May 27, 2012 7:17pm May 27, 2012 7:17pm
Quoting Forexnuts
Sorry, but have to disagree about "the market is manipulated" part..for the simple reason the currency market is quite big and there's no "one party" that can swing the prices at will.
And let's just say [for fun] that the market is manipulated by the big guys, and that only brings up more questions than answers.
For example, why is your friend still trading in the currency market..and so on,
Anyway, it is just not possible to manipulate the market and that's just my 2 cents..for whatever it goes in for these days.
Thanks for your opinion.

The market is big doesn't really mean it can't be manipulate. Eg, Governments with their policies are how it manipulate the prices.

Quote
For example, why is your friend still trading in the currency market..

Hmm, this is pretty harsh. I think you have to read and be attentive, he is not my friend. Why do you think he shouldn't trade? He is making a good profit daily consistently.

I think even if we dont agree with that person, that doesn't mean he is a bad trader or a noob who doesnt make money. The amount of money he started are small, and the money he had in 1 of his account is already huge, and he took consistent pips in this account, though i never know how he traded.
The only winner is the one who survive the longest...
  • #22
  • May 29, 2012 4:17pm May 29, 2012 4:17pm
Quoting kinspk
Thanks for your opinion.

The market is big doesn't really mean it can't be manipulate. Eg, Governments with their policies are how it manipulate the prices.



Hmm, this is pretty harsh. I think you have to read and be attentive, he is not my friend. Why do you think he shouldn't trade? He is making a good profit daily consistently.

I think even if we dont agree with that person, that doesn't mean he is a bad trader or a noob who doesnt make money. The amount of money he started are small, and the money he had in 1 of his account is already...
Sorry if you thought the response was harsh but I was just pointing out to the logical fallacy - I do not mean that he/she should not trade but just wondered as to why he/she would want to trade if they are so certain that the market is manipulated.
I guess the only analogy I can come up with is : if you know the races are rigged, would you still want to gamble your money away?
Hope that you get my opinion now..
I was not implying this trader, whoever it may be, should not trade at all but wondering why they are trading when they are certain that the market is being manipulated..hence my query, hope that answers your query and thanks for that nice reply.
  • #23
  • May 30, 2012 5:40am May 30, 2012 5:40am
IMHO if you dont have lots of time use long intervals ex. D1 or H4, use small lots and take positon for a long time. It will be as good as day trading. Look at the bueaty trend on D1 EUR/USD
  • #24
  • May 30, 2012 6:16am May 30, 2012 6:16am
Quoting Forexnuts
Sorry if you thought the response was harsh but I was just pointing out to the logical fallacy - I do not mean that he/she should not trade but just wondered as to why he/she would want to trade if they are so certain that the market is manipulated.
I guess the only analogy I can come up with is : if you know the races are rigged, would you still want to gamble your money away?
Hope that you get my opinion now..
I was not implying this trader, whoever it may be, should not trade at all but wondering why they are trading when they are certain...
I get what you mean What I am curious about, are how they trade and their community. He claimed about the history of illuminati, and those bloodlines manipulating the markets, and their community have early fundamental news with modified technical systems to deal with upcoming events. They get updated consistently from their teacher.

Sound interesting to me, but I not going to pay thousands to kill my curiosity and getting formulas and system to trade. Instead, I prefer learning from that mentor if i could.
The only winner is the one who survive the longest...
  • #25
  • May 30, 2012 6:20am May 30, 2012 6:20am
Quoting Marcin_S
IMHO if you dont have lots of time use long intervals ex. D1 or H4, use small lots and take positon for a long time. It will be as good as day trading. Look at the bueaty trend on D1 EUR/USD
Yea no doubt longer time frames suit me (as part time trading). Lesser pressure, lesser screen time, and more time to learn as much as I can, while also allow me to test different systems.
The only winner is the one who survive the longest...
  • #26
  • May 30, 2012 11:02pm May 30, 2012 11:02pm
Quoting kinspk
I get what you mean What I am curious about, are how they trade and their community. He claimed about the history of illuminati, and those bloodlines manipulating the markets, and their community have early fundamental news with modified technical systems to deal with upcoming events. They get updated consistently from their teacher.

Sound interesting to me, but I not going to pay thousands to kill my curiosity and getting formulas and system to trade. Instead, I prefer learning from that mentor if i could.
On the illuminati and other secret societies, they did exist and some continue to do so today. But as to the impact they have on modern life, especially on a currency valuation - not much.
The secret societies are not that much of a secret [not anymore, anyways] and though they like to think of themselves as relevant to society, it may come as a shocker for them to realize they have actually become irrelevant.
These so called societies are more of a "Spy Vs Spy" spoof, in a very bad taste. So, for my 2 bits, do not think it is possible for them to impact or "predict" the market..
And yes, do not spend $$$$ for some usless gunk, all the info is already available for free online. In addition, there are a few specialized courses that do provide valuable info, strategy, entry and exit points and all the rest. And yes, these courses cost a lot. But would advise that you earn the money for the course by trading in forex, that way you would learn about the market while making money to pay for the course..
  • #27
  • Last Post: Jun 4, 2012 8:01am Jun 4, 2012 8:01am
Quoting kinspk

3. Take note of opening session and closing session, then observe how they react during those sessions. They are usually the point of reversal or trend continuation. (Eg, Europe session, London session, US session, Asian session)
4. Take note of calendar events, some of them create reversal and minor S/R.
5. Every trade need some breathing space for the price to move. Having a stop loss is not MM, but having a stop loss is the amount of money you are comfortable to lose.
Hi kinspk, I think trade the daily chart is best for people with full time jobs or other commitments. That way, you plan your trades any time in the 24 hours with no need to worry about most news, or about what happens in which session (which can vary a lot anyway, even on the same pair), and you regularly hold winners of 200+ pips over 2-3 days all for just 10 minutes spend at the screen. I don't think that's an exaggeration either, anyone who trades the dailies will know this is true.
The best of luck!
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