I am afraid if 1H chart can not print a new lower fractal soon we will go down to 2835
- #6,262
- Oct 30, 2012 12:46pm Oct 30, 2012 12:46pm
- Joined Dec 2010 | Status: Trader | 18,740 Posts
if 2955 still a good level for long
- #6,263
- Oct 30, 2012 12:48pm Oct 30, 2012 12:48pm
- Joined Dec 2010 | Status: Trader | 18,740 Posts
yes it seems like
it is last broken 4H resistance & now support
lets see if 4H will also play break & bounce game.
it is last broken 4H resistance & now support
lets see if 4H will also play break & bounce game.
if 2955 still a good level for long
And what I call amazing is between 50% to 100% a year trading very conservative, like I said, I risk 0.20% to 1% max per trade.....100% a day would be in my dreams....
If you calculate the exponential growth of an initial capital sum at 1pc daily for let's say 250 trading days a year, you should in theory multiply your investment by 12
There was a time I turned £250 into £10000 in less than three months. That's when I lost all my hair ! I cant explain the strategy but it was all about breakouts on a 2 hour chart, 24 hours a day, 5 days a week for about 10 weeks........
- #6,266
- Oct 30, 2012 12:49pm Oct 30, 2012 12:49pm
rules are for breaking( joking )
Grats Sam. but honestly, my advise:
take 300 of those 315 you earned, cash them out and hold them back for the case that you can't stop highrisk-trading. Not that I wish you that, but I know how that goes. Too much risk comes hand in hand with insanity - 50% up the first day, 80% down the second. And believe me, going back up is WAY harder than going down
Leaves you with a very nice 5% for the day. Many many Traders would be glad to have that a month on a constant basis^^
- #6,268
- Oct 30, 2012 12:51pm Oct 30, 2012 12:51pm
- Joined Dec 2010 | Status: Trader | 18,740 Posts
GUYS. Please stop or this will result in a mass tradingplan-anarchy
Grats Sam. but honestly, my advise:
take 300 of those 315 you earned, cash them out and hold them back for the case that you can't stop highrisk-trading. Not that I wish you that, but I know how that goes. Too much risk comes hand in hand with insanity - 50% up the first day, 80% down the second. And believe me, going back up is WAY harder than going down
Leaves you with a very nice 5% for the day. Many many Traders would be...
- #6,270
- Oct 30, 2012 12:52pm Oct 30, 2012 12:52pm
If you calculate the exponential growth of an initial capital sum at 1pc daily for let's say 250 trading days a year, you should in theory multiply your investment by 12
There was a time I turned £250 into £10000 in less than three months. That's when I lost all my hair ! I cant explain the strategy but it was all about breakouts on a 2 hour chart, 24 hours a day, 5 days a week for about 10 weeks........
daytrading can become a hard work... and a lonely one i think.
Thank god I'm studying and working elsewise
daytrading can become a hard work... and a lonely one i think.
Thank god I'm studying and working elsewise
I could easily give up my other business and trade full time,
I have a separate office for my day job, and if I did forex full time I could do so from my armchair but life would become very dull with no clients to talk to etc..... but I know people who do and do ok out of it.....!
- #6,274
- Oct 30, 2012 1:03pm Oct 30, 2012 1:03pm
if you calculate %1 daily accumulated you buy your island soon.
thats why there is no such thing.
there will be looses & wins
the importance is
wins > losses+costs
that working would be great
-----------------
as for trading:
after leaving the downtrend-channel, I suppose EUR will retrace to 2955 and then aim for new highs.
(just as I analysed on sunday :nerd:blush:
- #6,275
- Oct 30, 2012 1:04pm Oct 30, 2012 1:04pm
- Joined Dec 2010 | Status: Trader | 18,740 Posts
2955 seems like a good level to go long
my guess
my guess
still everyone did those calculations once
that working would be great
-----------------
as for trading:
after leaving the downtrend-channel, I suppose EUR will retrace to 2955 and then aim for new highs.
(just as I analysed on sunday :nerd:blush:
- #6,276
- Oct 30, 2012 1:04pm Oct 30, 2012 1:04pm
- Joined Aug 2009 | Status: Trader | 2,576 Posts
If you calculate the exponential growth of an initial capital sum at 1pc daily for let's say 250 trading days a year, you should in theory multiply your investment by 12
There was a time I turned £250 into £10000 in less than three months. That's when I lost all my hair ! I cant explain the strategy but it was all about breakouts on a 2 hour chart, 24 hours a day, 5 days a week for about 10 weeks........
Sorry....
I know what you mean my friend , I had my STRESSSS times....it made me hate trading....and I am a guy that has a crazy passion for this (psycho style lol)....
- #6,277
- Oct 30, 2012 1:06pm Oct 30, 2012 1:06pm
when you make post like that
"I doubled my account in a day"
there may be some different posts about it.
what is your account size?
we dont konw.
do we want to know?
No. it is your account.
do you know his account size before calling him jealous?
No.
so better stop that conversation before breaking eachother.
- #6,278
- Oct 30, 2012 1:08pm Oct 30, 2012 1:08pm
- Joined Aug 2009 | Status: Trader | 2,576 Posts
another trader evolution
- new trader : always start with wins ( begginer luck & no odds & no afraid )
- then suddenly looses starts. no wins at all. at that stage trader starts creating his/her own odds. dont do that, dont do this
- then with all those odds trading becoms impossible.
- then trader start thinking of which is correct/wrong
- keeps loosing money & learning trading
- after enough time ( differs from person to person ) becomes a trader
- no odds, flexible, logic, deciplined, cocnsistant, patient
- After a while ...if you survive....you realize that what you learned in the beginning is very close to what your perfect system is now....you just did a full 360 circle.....(at least that w
as me)
- #6,279
- Oct 30, 2012 1:08pm Oct 30, 2012 1:08pm
another trader evolution
- new trader : always start with wins ( begginer luck & no odds & no afraid )
- then suddenly looses starts. no wins at all. at that stage trader starts creating his/her own odds. dont do that, dont do this
- then with all those odds trading becoms impossible.
- then trader start thinking of which is correct/wrong
- keeps loosing money & learning trading
- after enough time ( differs from person to person ) becomes a trader
- no odds, flexible, logic, deciplined, cocnsistant, patient
Started trading on a constant basis 3 month ago.. after another 6 month of "getting in touch with it" on a fairly loose basis^^
Think I'm on a good way, still a long long way to go i guess. But as i won't have to go it all by myself (thank you guys!) i think i can handle it
- #6,280
- Oct 30, 2012 1:09pm Oct 30, 2012 1:09pm
- Joined Dec 2010 | Status: Trader | 18,740 Posts
no need for sorry.
I understand your mental peak.
I am sure you are over clouds.
just cash your $300 as advised
then keep trading.
assume that you found that money on street.
I am REALLY happy when hearing you make pips.
I understand your mental peak.
I am sure you are over clouds.
just cash your $300 as advised
then keep trading.
assume that you found that money on street.
I am REALLY happy when hearing you make pips.
steve sorry for that....but i mentioned because he wrote in his comment...