hi, could you explain your aove statement ? what made you say that (and by the way:...
.... i saw you took a 1.45 x 40 pips stop in eu....twice again) thanks in advance
- #1,962
- Feb 5, 2014 2:23am Feb 5, 2014 2:23am
- Joined Apr 2006 | Status: Trader | 1,480 Posts
... but Tafa, you are reborn most weeks in reading back thru your thread.
Maybe you REALLY mean it this time... I hope so, if only for your accounts sake.
Maybe you REALLY mean it this time... I hope so, if only for your accounts sake.
In the days of old when sailors were bold, and seldom if ever contented.
- #1,963
- Feb 5, 2014 2:24am Feb 5, 2014 2:24am
- Joined Apr 2006 | Status: Trader | 1,480 Posts
In the days of old when sailors were bold, and seldom if ever contented.
- #1,965
- Edited 7:27am Feb 6, 2014 6:45am | Edited 7:27am
- | Joined Jun 2012 | Status: trade forex like a sniper | 2,419 Posts
On my way to financial independence - if others can do it - I can do it
- #1,966
- Feb 7, 2014 12:41am Feb 7, 2014 12:41am
- | Commercial User | Joined Jan 2009 | 1,490 Posts
hey guys - maybe it will help you: http://www.learntotradethemarket.com/ btw look at this guy: http://www.forexfactory.com/gurangax he wrote he uses PA - not sure what frames he trades, but awesome income. here it looks like he went on minus? https://www.zulutrade.com/trader/198398 glad my broker doesn't allow it edit: i keep looking at his trades and what he wrote, maybe will find his method. all i know so far is that he was using the above mentioned page a lot edit again: all I see is he trades 4h and higher frames...
- #1,967
- Feb 7, 2014 1:08am Feb 7, 2014 1:08am
- Joined Apr 2006 | Status: Trader | 1,480 Posts
In the days of old when sailors were bold, and seldom if ever contented.
- #1,968
- Feb 7, 2014 4:58am Feb 7, 2014 4:58am
- | Joined Jun 2012 | Status: trade forex like a sniper | 2,419 Posts
On my way to financial independence - if others can do it - I can do it
- #1,971
- Edited Apr 17, 2014 5:04pm Feb 14, 2014 4:38am | Edited Apr 17, 2014 5:04pm
- | Commercial User | Joined Jan 2009 | 1,490 Posts
- #1,973
- Feb 21, 2014 8:24am Feb 21, 2014 8:24am
- | Commercial User | Joined Jan 2009 | 1,490 Posts
Trading SUCKS 
- #1,974
- Feb 21, 2014 11:42am Feb 21, 2014 11:42am
- | Joined Jun 2012 | Status: trade forex like a sniper | 2,419 Posts
Trading SUCKS
I agree. Therefore after I'll relocate I start looking for a better paid job. To save some cash, rebuild my emergency fund, and will keep learning anyway. But once you trade you cannot expect much. Both you and me on the beginning of our forex journey were hoping to get rich fast. In my dreams over 3 years ago when I started forex I needed only a year or two to get rich. at the moment I understand it needs maybe 5-15 more years and it won't be easy. Therefore career as primary source of income, forex as long time investment.
I see people with high leverage great systems that give huge income. but it is only for some period of time, only till luck is on your side. on long term basis it is impossible to get more than few hundred percent a year at most. (but I am still tempted to find some method that will give me some nice pocket money within short time)
On my way to financial independence - if others can do it - I can do it
- #1,977
- Feb 26, 2014 9:31am Feb 26, 2014 9:31am
- | Joined Jun 2012 | Status: trade forex like a sniper | 2,419 Posts
On my way to financial independence - if others can do it - I can do it
Tafa, this is definitely a start. you are making progress and good luck to you this coming week.
To give this perspective:
If you put a trade in at .01 lots, and you
have a balance of $10,000 USD The market would have to plunge a
million pips to wipe you out. You never see anything like that
happen.
The art is to trade large enough to be happy with your increase, and small enough to carry you through rough times.
All the other things are only improvements on that basic art.
To give this perspective:
If you put a trade in at .01 lots, and you
have a balance of $10,000 USD The market would have to plunge a
million pips to wipe you out. You never see anything like that
happen.
The art is to trade large enough to be happy with your increase, and small enough to carry you through rough times.
All the other things are only improvements on that basic art.
- #1,980
- Mar 2, 2014 11:05pm Mar 2, 2014 11:05pm
- | Joined Jun 2012 | Status: trade forex like a sniper | 2,419 Posts
{quote} This week , and onwards , I am on 1.0% risk per trade ( or equivalent of £1.30 * 30 Pips ). This is still based on 30 pip target PER DAY .The Idea is to allow for 3 losses of 30 pips each in a day . Target is based on 15 trades a week Please find attached for more information. NB:This WEEK is special in that I am doing it FULL TIME , so no excuses {file}
but congrats on changing to 1%As about me I am so bored with trading that I had to take a rest from it for few days
On my way to financial independence - if others can do it - I can do it