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  • #910,041
  • Jul 12, 2014 8:03am Jul 12, 2014 8:03am
Quoting ryder950
The more I look at it, the more I'm wrong about the Bull. This could go much lower in the short term. And I'm talking 500 to 600 pips lower. We will see soon. I'm going to stop looking for Bullish trades and take what the market gives me. have a good weekend cheers Ryder
For that, monthly would need to close below 1.36, probably deep below. 3 more weeks left, lets see what happens. I think monthly will close bullish and target 1.40+ before a bigger fall.
Everyone can see the chart, but only a few can actually read it.
  • #910,042
  • Jul 12, 2014 8:43am Jul 12, 2014 8:43am
view of euro.
http://www.forexfactory.com/showthre...10#post7600910
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don't predict direction, but dance with flow of water
  • #910,043
  • Jul 12, 2014 8:44am Jul 12, 2014 8:44am
aud/usd
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don't predict direction, but dance with flow of water
  • #910,044
  • Jul 12, 2014 8:45am Jul 12, 2014 8:45am
Hello guys,

Sorry for my absence last week, but I saw that there were not so much movements on the pair after the NFP ( usual stuff ), as I promised to Vachus a few posts ago I will post my opinion on QE1,2 and 3 in the following days and why I think that EurUSD is bearish now although the MA200 on weekly still suggest bullish momentum.
Looking at the charts I think that EurUSD will test again the lows of the range that we are in for the last weeks, so my first target is 1.3580 with extension 1.3550 .


Cheers and green pips,
VladG
  • #910,045
  • Jul 12, 2014 8:46am Jul 12, 2014 8:46am
yen.
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don't predict direction, but dance with flow of water
  • #910,046
  • Jul 12, 2014 8:47am Jul 12, 2014 8:47am
@priceaction1 very likely scenario backed by US dollar. For me personally no shorts or longs for while on both of those pairs, focus is elsewhere but direction does seem likely.
  • #910,047
  • Jul 12, 2014 9:24am Jul 12, 2014 9:24am
There is a big problem with 50% of people who trade. I'm tired of it.

I know that many people claim to be able to get 100pips a day consistently from the market. I don't see how this is possible with the EUR/USD. You would have to be perfect every time. I think many people are lying about what they make everyday.

Stop lying about your account. You don't make money and you lying to people.
Back from the dead * ding fries are done *
  • #910,048
  • Jul 12, 2014 9:54am Jul 12, 2014 9:54am
Quoting MisterSpread
Looking at the charts I think that EurUSD will test again the lows of the range that we are in for the last weeks, so my first target is 1.3580 with extension 1.3550 . Cheers and green pips, VladG
These are valid targets within a bullish reversal scenario (The bottom would be 1.3502) or the selling leg correction ( the top 1.3700) ... having said that, i believe u r selling way too low, but best of luck anyway.
"It's the Margin, Stupid."
  • #910,049
  • Jul 12, 2014 10:41am Jul 12, 2014 10:41am
Swing traders have it easy at this level. There are 2 options, go long and target 1.4030 with a SL below 1.35 or go short and target 1.31 with a SL above 1.4050. Obviously, going long has a better r/r ratio, but thats everyone's choice.
Everyone can see the chart, but only a few can actually read it.
  • #910,050
  • Jul 12, 2014 11:28am Jul 12, 2014 11:28am
In case of doubt, wait for better opportunities
  • #910,051
  • Jul 12, 2014 11:36am Jul 12, 2014 11:36am
Quoting ryder950
There is a big problem with 50% of people who trade. I'm tired of it. I know that many people claim to be able to get 100pips a day consistently from the market. I don't see how this is possible with the EUR/USD. You would have to be perfect every time. I think many people are lying about what they make everyday. Stop lying about your account. You don't make money and you lying to people.
Please don´t see my comment as an unfriendly act but why do you really care?

I mean anybody who is long enough on this thread knows that.

If you want to see really astronomic pip counting then have a look at the Sonic R. thread. They make thousands of pips there every week and month.

I for myself try to get at least 10 pips per day out of the system to get some 3-5% per week, but even these low aims I misssed the last 2 weeks by gaining only 1,5 and 2%. But hey, I was still green, it could have been worse right?
  • #910,052
  • Jul 12, 2014 11:53am Jul 12, 2014 11:53am
Quoting ryder950
There is a big problem with 50% of people who trade. I'm tired of it. I know that many people claim to be able to get 100pips a day consistently from the market. I don't see how this is possible with the EUR/USD. You would have to be perfect every time. I think many people are lying about what they make everyday. Stop lying about your account. You don't make money and you lying to people.
The way I see it, the fact remains 95% of Forex traders end up loosing. So that means 95% of the people on this forum are or will be such traders. And then you have the 5% of the traders who will actually be successful long term. And what's the likelihood that these traders are spending time on this forum? Pretty low I would think. So maybe only about 0.1% of the really successful traders are on this forum. And why would these traders even come to this forum? The only logical answer is that they feel like they want to give back. And once they feel they have given enough then they disappear. Also we have other group of traders in the way of becoming this 5% of the really successful. They work with others and develop their own trading strategy, and once they become really successful, they also disappear. I have seen number of traders like that here. Who worked hard and then made progress and they stopped spending more time on this forum.

So when I see a person on this forum, I always think about which group does this person fit into:
a) Could s/he be the rare gem of a person who just loves to give back, the 0.1% of the really successful. VERY unlikely, but there are a couple of folks like that here.
b) 95% who might think they are good, but they are still the 95% Just out here to boost their egos maybe..
c) Someone who is working hard, making new discoveries and working with others to develop something new for themselves.
d) Someone who is out here to learn and also contribute as they learn (a lot I think fits into this category)
e) Someone who felt compelled to give back a bit of what they have learned so others can be successful, one of the 5%, who soon will disappear.
f) Scammers or vultures out here to just get your money

I apologize ahead of time, don't mean to offend anyone. This is not much different from walking out in the street.. haha this place is filled with all kinds of people. Most are good
Focus, Patience, Determination & Order in chaos
  • #910,053
  • Jul 12, 2014 12:03pm Jul 12, 2014 12:03pm
Great post, Saver. I was gonna say one just has to read between the bullshit, but your post was much better, haha.
  • #910,054
  • Jul 12, 2014 1:16pm Jul 12, 2014 1:16pm
Quoting CandleStar
{quote} Please don´t see my comment as an unfriendly act but why do you really care? I mean anybody who is long enough on this thread knows that. If you want to see really astronomic pip counting then have a look at the Sonic R. thread. They make thousands of pips there every week and month. I for myself try to get at least 10 pips per day out of the system to get some 3-5% per week, but even these low aims I misssed the last 2 weeks by gaining only 1,5 and 2%. But hey, I was still green, it could have been worse right?

CandleStar,

I saw your posts a lot, I thought you were aiming for much larger amount than that.
I myself aim for 10% weekly, but it's a tough market. Only been successful for the past 2 weeks.
Maybe you have such large capital .. So 3-5% is great enough for you.

I stay in the market too much and take swing trades too much and it cause backfire.
I should do something better next week...By stay in the market less.
Holding to winning positions longer. Stop losing positions if feel uneasy early.
  • #910,055
  • Jul 12, 2014 1:24pm Jul 12, 2014 1:24pm
Quoting aarontdang
{quote} CandleStar, I saw your posts a lot, I thought you were aiming for much larger amount than that. I myself aim for 10% weekly, but it's a tough market. Only been successful for the past 2 weeks. Maybe you have such large capital .. So 3-5% is great enough for you. I stay in the market too much and take swing trades too much and it cause backfire. I should do something better next week...By stay in the market less. Holding to winning positions longer. Stop losing positions if feel uneasy early.
Hi aarontdang,

Spend some time understanding the power of compounding. 5% per week is still a huge gain if you can be consistent at getting 5% per week. With 5% per week, you can turn $1000 into $152,000 in just 2 years. And guess how much that would be in 5yrs? A mind blowing, $30,760,000!!

In reality, all we need to aim for is 2-5% per week. Given enough time, you will have millions. Just be consistent Let the power of compounding work for you.
Focus, Patience, Determination & Order in chaos
  • #910,056
  • Jul 12, 2014 1:28pm Jul 12, 2014 1:28pm
Quoting aarontdang
{quote} CandleStar, I saw your posts a lot, I thought you were aiming for much larger amount than that. I myself aim for 10% weekly, but it's a tough market. Only been successful for the past 2 weeks. Maybe you have such large capital .. So 3-5% is great enough for you. I stay in the market too much and take swing trades too much and it cause backfire. I should do something better next week...By stay in the market less. Holding to winning positions longer. Stop losing positions if feel uneasy early.
Might be I aim for more but not now, not in this market situation.
To my accounts:
They are small at the moment but I handle my trades as if they were big cause they will be within 1-2 months, I will fill up the accounts with a lot of fresh money but treat the accounts as if that had already happened.
I will not withdraw any capital for 1-2 years, so even with only 3-5% p.w. I can make a million or more with a starting of let´s say $40K.

I tried to start small and get big the natural way, but I gave up, much too risky or it takes too long. If you are on that route I wish you a lot of luck, you will need it. I made 40-60% once p.d., and then blew it all up within half an hour.
  • #910,057
  • Jul 12, 2014 1:31pm Jul 12, 2014 1:31pm
Quoting saver0
{quote} Hi aarontdang, Spend some time understanding the power of compounding. 5% per week is still a huge gain if you can be consistent at getting 5% per week. With 5% per week, you can turn $1000 into $152,000 in just 2 years. And guess how much that would be in 5yrs? A mind blowing, $30,760,000!! In reality, all we need to aim for is 2-5% per week. Given enough time, you will have millions. Just be consistent Let the power of compounding work for you.
Sounds exactly like my plan.

You´re on the same route?
  • #910,058
  • Jul 12, 2014 1:44pm Jul 12, 2014 1:44pm
Quoting saver0
{quote} The way I see it, the fact remains 95% of Forex traders end up loosing. So that means 95% of the people on this forum are or will be such traders. And then you have the 5% of the traders who will actually be successful long term. And what's the likelihood that these traders are spending time on this forum? Pretty low I would think. So maybe only about 0.1% of the really successful traders are on this forum. And why would these traders even come to this forum? The only logical answer is that they feel like they want to give back. And once...
Thank you. I'm here for two reasons.
#1) Learn how to trade better.
#2) Share ideas on trading.

I'm just venting. I'm sorry as well if my post offended someone.
I just see some crazy posts these days.
Back from the dead * ding fries are done *
  • #910,059
  • Jul 12, 2014 1:46pm Jul 12, 2014 1:46pm
Quoting CandleStar
{quote} Sounds exactly like my plan. You´re on the same route?
I'm on the same route. I got 7.6% this week and 2% last week.
Back from the dead * ding fries are done *
  • #910,060
  • Jul 12, 2014 1:55pm Jul 12, 2014 1:55pm
Quoting CandleStar
{quote} Sounds exactly like my plan. You´re on the same route?
Yup, I try to aim for about 1 - 1.5% gain per day on average

I find that with a daily goal, its easier to stay focused and less stressful when that goal feels easy. I could stress myself trying to aim for a higher gain but there is no need. Smooth sailing and less risky with a goal that you feel comfortable and confident in attaining. I'm sure this %day will be different for everyone. No trader is built the same. You have to figure out your risk appetite and then the skill level. Forex or anything in life is really a journey towards understanding self
Focus, Patience, Determination & Order in chaos
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