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Trading EURUSD only

  • #18,561
  • Nov 27, 2012 11:04am Nov 27, 2012 11:04am
Quoting Rag2RichesFX
i know all about these schemes and im telling you they are still illegal if you get caught

however its not that way for most of the world, just U.S.

what you are advocating is almost no way to get caught, but its still tax evasion...
what is illegal is to use withdraw your profit and spend it in your name in your country without declare your income from whatever the place in the world .

- but using the service of nominee director and ownership to bond holder make it not provable that 1 it s profit 2 those profit are in your full control . (if you want to go full grey)
- it will not guaranty you to pay zero tax but only to pay the tax on the money you need to withdraw to pay your bills and it s better than an automatic DD of 30 % ( and in that particular case it s completely legal and is just fiscal optimization scheme ) i.e the yearly profit are the capital of the company and not a profit available to spend by a US citizen .
Sic Transit Gloria Mundi ~ Thus passes the glory of the world
  • #18,562
  • Nov 27, 2012 11:05am Nov 27, 2012 11:05am
Quoting rodrigo3
Going even higher... added more and will close @ 1.29435
im with you, took that short, 43, 1/2ns, last trade then i walk

nice sell limit

perfect actually
Be hopeful in a winning position, and fearful in a losing position.
  • #18,563
  • Nov 27, 2012 11:11am Nov 27, 2012 11:11am
Quoting rodrigo3
Going even higher... added more and will close @ 1.29435
Closed position on limit. Looking for trend reversal here.
  • #18,564
  • Nov 27, 2012 11:11am Nov 27, 2012 11:11am
Quoting Rag2RichesFX
im with you, took that short, 43, 1/2ns, last trade then i walk

nice sell limit

perfect actually

close 38, +4

daily total 1/2 NS = +38 pips (1.9%)

m5 hidden bullish divergence incoming soon

green pips for all bye
Be hopeful in a winning position, and fearful in a losing position.
  • #18,565
  • Nov 27, 2012 11:11am Nov 27, 2012 11:11am
Quoting Tuauxp
Hi Aerotrade,

I like you charts very much, could you post your template overhere ? Especially the pivot levels.....
Thx !
ok i will post it later (it take some time)
Sic Transit Gloria Mundi ~ Thus passes the glory of the world
  • #18,566
  • Nov 27, 2012 11:13am Nov 27, 2012 11:13am
New short trade here. New trend down.

Short @ 1.2938
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  • #18,567
  • Nov 27, 2012 11:13am Nov 27, 2012 11:13am
short at yesterday low @1.2943
Sic Transit Gloria Mundi ~ Thus passes the glory of the world
  • #18,568
  • Nov 27, 2012 11:14am Nov 27, 2012 11:14am
Quoting rodrigo3
Closed position on limit. Looking for trend reversal here.
yes could go test the lows again
Be hopeful in a winning position, and fearful in a losing position.
  • #18,569
  • Nov 27, 2012 11:17am Nov 27, 2012 11:17am
Quoting rodrigo3
New short trade here. New trend down.

Short @ 1.2938
careful m5 hidden bull sill show up unless break 2927

but you soon have 1hr hidden bear on your side
Be hopeful in a winning position, and fearful in a losing position.
  • #18,570
  • Nov 27, 2012 11:20am Nov 27, 2012 11:20am
Nice reversal... could break 2927

Still short....
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  • #18,571
  • Nov 27, 2012 11:24am Nov 27, 2012 11:24am
ok
code fixed. ready to trade after setting up charts
  • #18,572
  • Nov 27, 2012 11:35am Nov 27, 2012 11:35am
Quoting rodrigo3
Nice reversal... could break 2927

Still short....
Nice short trade... reversal confirmed.
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  • #18,573
  • Nov 27, 2012 11:38am Nov 27, 2012 11:38am
Quoting rodrigo3
Nice short trade... reversal confirmed.
Hy,

Could i ask which platform do you use. Candles seem to be compressed too close to each other imo. OR it might be because of a resize.
Can you read the candle formations from there (doji, wicks, hammers mornin star etc.) ?
  • #18,574
  • Nov 27, 2012 11:40am Nov 27, 2012 11:40am
Quoting rodrigo3
Nice short trade... reversal confirmed.
Im out @ 1.29368

will update on next trade
  • #18,575
  • Nov 27, 2012 11:43am Nov 27, 2012 11:43am
back for more, and went long 34.2 tp 39 (m5 crossed bullish with hidden div while price was still falling, also m1 divergence)

+4,

daily = 2.1% (42 half position pips)

she could go to 43 or 47 or 50 then turn again
Be hopeful in a winning position, and fearful in a losing position.
  • #18,576
  • Nov 27, 2012 11:50am Nov 27, 2012 11:50am
Quoting Rag2RichesFX
back for more, and went long 34.2 tp 39 (m5 crossed bullish with hidden div while price was still falling, also m1 divergence)

+4,

daily = 2.1% (42 half position pips)

she could go to 43 or 47 or 50 then turn again
just wanted to say normally i hold scalps for 8-13 pips but today smaller amounts has been working very well.
Be hopeful in a winning position, and fearful in a losing position.
  • #18,577
  • Nov 27, 2012 11:58am Nov 27, 2012 11:58am
Quoting glennl2000
Yes I know you are right. I was using 40x for quite some time. I now alternate between 7x to 40x. I make about 1%/week trading credit spreads which I think is awesome. 1% per day would be incredible! I'm not sure I can be consistently profitable in FX but I"m going to give it a try. I started a few months ago with a 15% drawdown, but have since got back to even. I'll try to keep a tighter control on the leverage. Following this thread has helped quite a bit. Steve is very good to learn from and so are a bunch of others here for sure....
1% a week is very good. especially if you are compounding every 1 or 2% increase in equity (if you can)

7x to 40x??? hmm

i like 7x more

plenty can be made with 7x

even 30 pips a week (only 6 pips a day) with 7x will get you 2.1% a week

the reason we get nervous using high leverage is we know intuitively that losing 4 or 5% of the account in one day is not sustainable (unless you are one of the best traders in the world)
Be hopeful in a winning position, and fearful in a losing position.
  • #18,578
  • Nov 27, 2012 12:10pm Nov 27, 2012 12:10pm
Quoting mok1one
Hy,

Could i ask which platform do you use. Candles seem to be compressed too close to each other imo. OR it might be because of a resize.
Can you read the candle formations from there (doji, wicks, hammers mornin star etc.) ?
ty
  • #18,579
  • Nov 27, 2012 12:13pm Nov 27, 2012 12:13pm
2929 caused me alot of problems
now see how same TL is in action
4H CT
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  • #18,580
  • Nov 27, 2012 12:13pm Nov 27, 2012 12:13pm
we may see W start to form here, then go higher

going to test 2915 again im thinking
Be hopeful in a winning position, and fearful in a losing position.
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