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  • #820,701
  • Aug 2, 2013 4:19pm Aug 2, 2013 4:19pm
Quoting CandleStar
{quote} Ah, Dream Theater!!! Perfectionists at work!!! How about this one (Jo Petrucci doing a fine Job). http://www.youtube.com/watch?v=h06YL...5Tvac2NbCvmeWw Okay, as a former studio owner I am playing guitar myself and I like this epic stuff. bbl
He's amazing. I usually prefer Stratovarius, Labyrinth, Iced Earth etc... but the guitarrists are completely inter-changeable. But Petrucci is a different league altogether.
  • #820,702
  • Aug 2, 2013 4:20pm Aug 2, 2013 4:20pm
Quoting CandleStar
{quote} Ah, Dream Theater!!! Perfectionists at work!!! How about this one (Jo Petrucci doing a fine Job). http://www.youtube.com/watch?v=h06YL...5Tvac2NbCvmeWw Okay, as a former studio owner I am playing guitar myself and I like this epic stuff. bbl
type joseph magazine in youtube, my mate is a drummer in that band, huge talent.
swing it!
  • #820,703
  • Aug 2, 2013 4:39pm Aug 2, 2013 4:39pm
Almost perfect doji on weekly chart has formed.
  • #820,704
  • Aug 2, 2013 4:41pm Aug 2, 2013 4:41pm
Quoting tomspin
{quote} type joseph magazine in youtube, my mate is a drummer in that band, huge talent.
You are right, great stuff too!!! Hell. I did not know that this progrock scene is still alive.
  • #820,705
  • Aug 2, 2013 4:47pm Aug 2, 2013 4:47pm
Quoting Mr Hatch
{quote} But Petrucci is a different league altogether.
That is true. And the same is true for Joe Satriani. The only guy that survived 5 years in a row in my former 10 tray car cd player. These guys have a feeling!
  • #820,706
  • Aug 2, 2013 8:05pm Aug 2, 2013 8:05pm
If I look at the 4 hr EurGbp, it's pretty obvious what's gonna happen with EU and EG next week.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #820,707
  • Aug 2, 2013 9:19pm Aug 2, 2013 9:19pm
Quoting ffleo
{quote} im not saying you are wrong. i do exactly the same style of trading as you do. believe it or not, it is very profitable than holding just one single position.
Sometimes im more happy if i hit SL100 for single position. I will increase my lot size equalvent to my losses just for 10pips. But have to do this with caution.
  • #820,708
  • Aug 2, 2013 10:01pm Aug 2, 2013 10:01pm
Quoting theonlyone
Proud to be a minority profitable beginner in forex 80% profit in 5weeks time, forex really suit my well

Trade with caution, dont be complacent. In the past I been taking profits consistently for months, however just two weeks of bad trades killed all my profits when I started compounding. Dont be too confident that you can continue to profit all the way.
  • #820,709
  • Aug 2, 2013 10:21pm Aug 2, 2013 10:21pm
Quoting theonlyone
Proud to be a minority profitable beginner in forex 80% profit in 5weeks time, forex really suit my well
That's nice to report..........................

But what you see...........

Might not Be...................
The More You Learn, The More You Earn.....
  • #820,710
  • Aug 2, 2013 10:28pm Aug 2, 2013 10:28pm
Quoting theonlyone
{quote} 0.1 ~ 0.6 lots size of opening position at the same time in a 1k USD account (just an example..) SL at about ~60pips risky ?..
still ok, your SL not more than 100pips. I tried playing with 1.0 lots size with $800 USD many times, it can still work but it might wane your emotions a little
  • #820,711
  • Aug 2, 2013 10:35pm Aug 2, 2013 10:35pm
Quoting theonlyone
{quote} 0.1 ~ 0.6 lots size of opening position at the same time in a 1k USD account (just an example..) SL at about ~60pips risky ?..
Yes.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #820,712
  • Edited 2:14am Aug 3, 2013 12:41am | Edited 2:14am
Quoting theonlyone
{quote} 0.1 ~ 0.6 lots size of opening position at the same time in a 1k USD account (just an example..) SL at about ~60pips risky ?..


0.1to 0.6 lots mean 10,000 to 60,000 currency units.


That means profit/loss of $1 to $6 per pip


For 60 pip Stop-loss it comes out to be $60 to $360


For an account of $1,000, this is a risk of 6% to 36%


Average risk is 21% of account equity




I don’t say this risk is high or low, but what I know is that:


1.Only one loss will significantly reduce the operating capacity of this account. That means, after only one loss, this account won’t be able to open the next position of same number of units. This in turn means a winner of much more than 60 pips will be needed to come back to the current operating level. Two or three consecutive losses will send this account back to stone age and it will require many times multiplying the equity balance to come back to current operating level.


2.Not many traders can think rationally and take right decisions under stress. This increases chance of losing even more.


3.Market does not operate in a consistent manner. After taking a stop-loss in a volatile move, it may decide to go into consolidation mode and not move much in many days. That means less recovery chance and more frustration, leading to more errors of judgment


For many years now, I have been preaching only one thing here: KEEP YOUR FUCKIN’ POSITIONs AS SMALL AS POSSIBLE.


Sum total of risk exposure on all open positions on an account should not be more than ½% to 1%. The account you mentioned has a risk exposure much more than that.


To operate at a risk of 21%, one needs only one thing……………… a guarantee that there will be no two or three consecutive losses. If this guarantee is not there, margin call is the fate of this account.


“Only this one last time” never works. One has to start doing right things from where he/she is now. Lo The current account balance whatever it is now, is good for a prudent re-start………….. trust me.



The Thief of Wall Street
  • #820,713
  • Aug 3, 2013 1:14am Aug 3, 2013 1:14am
Quoting theonlyone
Proud to be a minority profitable beginner in forex 80% profit in 5weeks time, forex really suit my well
s

103% in this week on a real account. Risk not more than 1% at a time. Ask me for the proof, I will provide you.
But wait that's not all, let me also provide additional 11 pieces of information from my archived files showing 99.99% losses in a day also on real accounts. One account got magin called five minutes after it was opened. This is forex, one has to keep his/her ass covered all the time.
The Thief of Wall Street
  • #820,714
  • Aug 3, 2013 1:55am Aug 3, 2013 1:55am
Quoting Chicky
{quote} s 103% in this week on a real account. Risk not more than 1% at a time. Ask me for the proof, I will provide you. But wait that's not all, let me also provide additional 11 pieces of information from my archived files showing 99.99% losses in a day also on real accounts. One account got magin called five minutes after it was opened. This is forex, one has to keep his/her ass covered all the time.
This is an interesting example from my trade explorer (demo account).

The trades taken in the past few weeks are with least money/risk management only to show how strong are support/reistance zones.

Without any risk management, account equity is running like a headless chicken, you never know where it will drop dead.

The fate of high risk gambling is nothing but total loss. I again repeat after few years one of my gambling rules:

Chicky's Gambling Rule 2: A punter can never win, because there is no limit to how much he wants to gain, but there is definite limit to how much he can lose.
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The Thief of Wall Street
  • #820,715
  • Aug 3, 2013 2:11am Aug 3, 2013 2:11am
how much return if counter trend trading with 1%
Money is What Money Does
  • #820,716
  • Aug 3, 2013 2:24am Aug 3, 2013 2:24am
Quoting _Raghu_
how much return if counter trend trading with 1%
LOL. Please explain.

Your question is so short, I first thought you were asking for condoms.
The Thief of Wall Street
  • #820,717
  • Aug 3, 2013 2:40am Aug 3, 2013 2:40am
Quoting Chicky
{quote} 0.1to 0.6 lots mean 10,000 to 60,000 currency units. That means profit/loss of $1 to $6 per pip For 60 pip Stop-loss it comes out to be $60 to $360 For an account of $1,000, this is a risk of 6% to 36% Average risk is 21% of account equity I don’t say this risk is high or low, but what I know is that: 1.Only one loss will significantly reduce the operating capacity of this account. That means, after only one loss, this account won’t be able to open the next position of same number of units. This in turn means a winner of much more than 60...




Hi Chicky,


soooooo true!!!!


Have a nice weekend
  • #820,718
  • Aug 3, 2013 3:19am Aug 3, 2013 3:19am
Quoting Chicky
{quote} LOL. Please explain. Your question is so short, I first thought you were asking for condoms.
One table. In Bulgarian. I hope you can translate it.
Attached File(s)
File Type: xls PLAN.xls   30 KB | 351 downloads
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #820,719
  • Aug 3, 2013 4:06am Aug 3, 2013 4:06am
Quoting Chicky
{quote} This is an interesting example from my trade explorer (demo account). The trades taken in the past few weeks are with least money/risk management only to show how strong are support/reistance zones. Without any risk management, account equity is running like a headless chicken, you never know where it will drop dead. The fate of high risk gambling is nothing but total loss. I again repeat after few years one of my gambling rules: Chicky's Gambling Rule 2: A punter can never win, because there is no limit to how much he wants to gain, but...
yeah yeah yeah
New voice message: Why are you calling me? If I need you, I'll call you!
  • #820,720
  • Aug 3, 2013 4:08am Aug 3, 2013 4:08am
Quoting Chicky
{quote} LOL. Please explain. Your question is so short, I first thought you were asking for condoms.
how about your bullish vision of eu?

Still going for 1€ = 2$?
New voice message: Why are you calling me? If I need you, I'll call you!
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