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  • #690,221
  • Sep 10, 2012 8:21pm Sep 10, 2012 8:21pm
It's trying to go up, but if I were to long scalp this, here's why I wouldn't.

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  • #690,222
  • Sep 10, 2012 8:22pm Sep 10, 2012 8:22pm
aussie has new low
If you are new to Forex? Say Goodbye to your account!!
  • #690,223
  • Sep 10, 2012 8:23pm Sep 10, 2012 8:23pm
Quoting mohan76
lol , it a joke
Even though I still can't get it lol
“Don't cry because it's over, smile because it happened.”
  • #690,224
  • Sep 10, 2012 8:28pm Sep 10, 2012 8:28pm
Quoting balanced2012
Even though I still can't get it lol
some broker allow you to simulate withdrawal on demo account
Mohan
  • #690,225
  • Sep 10, 2012 8:28pm Sep 10, 2012 8:28pm
I am reading about this guy NIcolas Darvas, in 18 month took $25000 to $2.000000 pyramiding. Have you heard of this guy and do you know how he did pyramiding? Chicky?

I know if not mistaken that Livermore was risking 20% as the 1st entry and building from there.
"Men who can both be right and sit tight are uncommon."
  • #690,226
  • Sep 10, 2012 8:29pm Sep 10, 2012 8:29pm
Quoting KiwiTrada
aussie has new low
yea
Quote
Azumi Says Europe, US, China, Are Downside Risks

NAB Business Confidence-2
Mohan
  • #690,227
  • Sep 10, 2012 8:32pm Sep 10, 2012 8:32pm
Quoting mohan76
yea


NAB Business Confidence -2
yes normally nab is lag reaction, we shall se e
If you are new to Forex? Say Goodbye to your account!!
  • #690,228
  • Sep 10, 2012 8:34pm Sep 10, 2012 8:34pm
i thought i had logged off. Pyramiding is adding to your position as the trend continues some say it can be risky if trend turns. i compound and i guess that is similar
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #690,229
  • Sep 10, 2012 8:39pm Sep 10, 2012 8:39pm
Quoting billytt
i thought i had logged off. Pyramiding is adding to your position as the trend continues some say it can be risky if trend turns. i compound and i guess that is similar
Yes, but when do you do it is the key I think.
"Men who can both be right and sit tight are uncommon."
  • #690,230
  • Sep 10, 2012 8:39pm Sep 10, 2012 8:39pm
that chap nicholas darvas, i believe he bought stocks at their 52 week high and he also traded using the box system which is sililar to one of the ways i trade
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #690,231
  • Sep 10, 2012 8:41pm Sep 10, 2012 8:41pm
i am not sure about pyramidding but when i compound i have set goals such as i make 20 pips then close trade then re enter with a higher pip value (compound) so maybe that is what pyramidding is
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #690,232
  • Sep 10, 2012 8:48pm Sep 10, 2012 8:48pm
Quoting billytt
that chap nicholas darvas, i believe he bought stocks at their 52 week high and he also traded using the box system which is sililar to one of the ways i trade
Yes.

But I am not really concerned about the system but how did they to build up their stake, because I think that is the key. Livermore was putting 20% to test the market, when in profit he was adding more, but WHEN? When he was up 10% or 30% and how many entries would they have? Do you see what I getting on?

Audcad weekly chart.
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"Men who can both be right and sit tight are uncommon."
  • #690,233
  • Sep 10, 2012 8:55pm Sep 10, 2012 8:55pm
so far this year the 41st bank in usa just failed

power house germany is stating to show cracks

http://www.nasdaq.com/article/soros-...20120910-01216

crimson council may ask for deferral

man what a huge fukup mess
If you are new to Forex? Say Goodbye to your account!!
  • #690,234
  • Sep 10, 2012 8:56pm Sep 10, 2012 8:56pm
i know what you are getting at but i do not honestly know the figures he used. Quite often i trade x value pip with 20 stop loss once i make 20 pips i end trade, i then re enter ay 2x per pip for 20 pips then end it, then 4 x per pip etc... some might say its anti martingale but it isnt. and what i just said is the simplified version to get my message across lol. Take care all i am away very soon
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #690,235
  • Sep 10, 2012 8:56pm Sep 10, 2012 8:56pm
Quoting Mike8
I am reading about this guy NIcolas Darvas, in 18 month took $25000 to $2.000000 pyramiding. Have you heard of this guy and do you know how he did pyramiding? Chicky?

I know if not mistaken that Livermore was risking 20% as the 1st entry and building from there.
Not heard about Nicolas, but there is a particular way of pyramiding, which is techincally not pyramiding. I am sure Nicolas would have been doing this if he managed to grow his account from 25,0000 to 2M in several trades and not just one. Jesse used to do the same thing. I never came across any of his statements saying how much he risked, but that is for sure it was way more than 1%,2% or 3%.
The Thief of Wall Street
  • #690,236
  • Sep 10, 2012 9:00pm Sep 10, 2012 9:00pm
Quoting billytt
i know what you are getting at but i do not honestly know the figures he used. Quite often i trade x value pip with 20 stop loss once i make 20 pips i end trade, i then re enter ay 2x per pip for 20 pips then end it, then 4 x per pip etc... some might say its anti martingale but it isnt. and what i just said is the simplified version to get my message across lol. Take care all i am away very soon
"Men who can both be right and sit tight are uncommon."
  • #690,237
  • Sep 10, 2012 9:02pm Sep 10, 2012 9:02pm
Quoting KiwiTrada
yes normally nab is lag reaction, we shall se e
she is above my bull zone , but i don't trust her , is she on top of your bear zone ?

edit : any news on terminal ?

edit 2 : chinise New Loans data was good
Mohan
  • #690,238
  • Sep 10, 2012 9:02pm Sep 10, 2012 9:02pm
see you later room i am definately off now, i shall answer any questions on how i trade when ever you want next time i am in room, byeeeeeeeee billy
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #690,239
  • Sep 10, 2012 9:04pm Sep 10, 2012 9:04pm
Quoting Chicky
Not heard about Nicolas, but there is a particular way of pyramiding, which is techincally not pyramiding. I am sure Nicolas would have been doing this if he managed to grow his account from 25,0000 to 2M in several trades and not just one. Jesse used to do the same thing. I never came across any of his statements saying how much he risked, but that is for sure it was way more than 1%,2% or 3%.
From $2,800 to $38,000 in one month of Aug 2008

http://www.forexfactory.com/attachme...7&d=1237083710 Open this pdf file.
The Thief of Wall Street
  • #690,240
  • Sep 10, 2012 9:06pm Sep 10, 2012 9:06pm
Quoting Chicky
From $2,800 to $37,000 in one month of Aug 2008

http://www.forexfactory.com/attachme...7&d=1237083710
EUR/USD 1.55
Even the worst trade can close with profit. Just give it time.
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