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  • #984,341
  • Apr 23, 2015 2:34pm Apr 23, 2015 2:34pm
Quoting buaksam
{quote} The 60:40 number you are getting from the few brokers who report it are mostly correct for a given moment in time. The ratio would be lower for bucket shops actively playing against customers. For example, fxcm reports quarterly how many 'active/tradeable' accounts they have and how many of them are profitable. The pool of accounts grow over time, because the broker does good advertising, but the people who trade those accounts change. The higher number comes from the following logic: at any moment in time a given broker has N traders. K...
Ok, show me the research that shows 97% are failures. Not simulations or theories

I want to see "k" number of traders opened an account, and "k" number of traders failed. I want to see it from a broker, or from someone that has the hard numbers.

There isn't even a time frame linked with the 97% bullshit statement. 97% of traders fail once in their lifetime of trading - OK. 97% of traders will fail one time or another - OK. 97% traders fail within 2 years of trading - OK.

97% of traders fail. - NEGATIVE.

If you try again? Are you a failure? Is somone with $1 trading even a trader? $200? The statement has no scientific background what so ever. At least the other way around (60:40) can provide amount of time, amount of traders, amount of money etc etc
  • #984,342
  • Apr 23, 2015 2:38pm Apr 23, 2015 2:38pm
Quoting gatorinla
fresh smaller s 0844.. giving 0859 + a few for s/l.. usdx may have some support here 97.32
i was trying to close 1/4 for 20 pips, the pos got to 0822.x and i missed it. at b.e. now.. i need a -0822 close. if 0832 contains it with usdx 97.32 .. i have a shot.. 0775 wouldn't surprise me i plan on just moving stops lower.. 1.01xx is valid
those who can, do. those who cant, talk about those who can
  • #984,343
  • Apr 23, 2015 2:42pm Apr 23, 2015 2:42pm
Quoting KzX
{quote} First of all you need good S/R levels, without them you won't pick up anything...
Wrong
COT: The precious data ignored
  • #984,344
  • Apr 23, 2015 2:43pm Apr 23, 2015 2:43pm
Attached Image
Nice support at 0765 may see a bounce there
Quoting gatorinla
{quote} i was trying to close 1/4 for 20 pips, the pos got to 0822.x and i missed it. at b.e. now.. i need a -0822 close. if 0832 contains it with usdx 97.32 .. i have a shot.. 0775 wouldn't surprise me i plan on just moving stops lower.. 1.01xx is valid
  • #984,345
  • Apr 23, 2015 2:44pm Apr 23, 2015 2:44pm
Quoting Malchi
{quote} like this ? {image}
Kind of, not everything's there but yes. I can also see a nice bullish bat on that chart, some call it bullish titties
  • #984,346
  • Apr 23, 2015 2:45pm Apr 23, 2015 2:45pm
Quoting Sid1
{quote} That's better.. am in deep red, pulled the trigger too early. Need it to drop to 1.0796 to break even..
I think you'll be fine late tonight.
  • #984,347
  • Apr 23, 2015 2:46pm Apr 23, 2015 2:46pm
Quoting shay14
{quote} right way to do it. I took a gamble to be honest (silly discipline) but got out with 16 pips so i'll take that and run. Looking forward to see what it does tommorow
Happy you made some pips. Tomorrow should be interesting.
  • #984,348
  • Apr 23, 2015 2:50pm Apr 23, 2015 2:50pm
Quoting gatorinla
{quote} i was trying to close 1/4 for 20 pips, the pos got to 0822.x and i missed it. at b.e. now.. i need a -0822 close. if 0832 contains it with usdx 97.32 .. i have a shot.. 0775 wouldn't surprise me i plan on just moving stops lower.. 1.01xx is valid
closed 1/4 of this zombie for 21 pips.
those who can, do. those who cant, talk about those who can
  • #984,349
  • Apr 23, 2015 2:51pm Apr 23, 2015 2:51pm
Quoting MarianneOslo
{quote} Well it is locic the germans want a low euro due to their competivness
Germans dont need weak currency to compete. They never had weak currencies. Their economy and strong products can take it with strong currency. Weak currency is just additional plus, but in the end its not what ECB policies are based of or something...
  • #984,350
  • Apr 23, 2015 2:53pm Apr 23, 2015 2:53pm
What has happened to me above the 1.0816 level is just a false breakout and not a normal behaviour of price action once that level was broken. "Someone" trying to break the resistance so it appears that leg down to 1.03 is invalidated. Ha. Will see... but nothing would surprise me tomorrow.
  • #984,351
  • Apr 23, 2015 2:54pm Apr 23, 2015 2:54pm
Quoting janpec1000
{quote} Germans dont need weak currency to compete. They never had weak currencies. Their economy and strong products can take it with strong currency. Weak currency is just additional plus, but in the end its not what ECB policies are based of or something...
a lot of people forget that the ECB is not only there for Germany... ( I am German and sometimes forget it by myself )
  • #984,352
  • Apr 23, 2015 2:54pm Apr 23, 2015 2:54pm
Quoting OpenRoad
{image}Nice support at 0765 may see a bounce there{quote}
yeah been having 0765 and 0775 for weeks.
those who can, do. those who cant, talk about those who can
  • #984,353
  • Apr 23, 2015 2:56pm Apr 23, 2015 2:56pm
Quoting PipJet
{quote} a lot of people forget that the ECB is not only there for Germany...
We all know what the Theory says...
  • #984,354
  • Apr 23, 2015 3:09pm Apr 23, 2015 3:09pm
Attached Image
Should break higher after pullback
Quoting MikiFX
What has happened to me above the 1.0816 level is just a false breakout and not a normal behaviour of price action once that level was broken. "Someone" trying to break the resistance so it appears that leg down to 1.03 is invalidated. Ha. Will see... but nothing would surprise me tomorrow.
  • #984,355
  • Apr 23, 2015 3:16pm Apr 23, 2015 3:16pm
Quoting maldegnegi
If it goes above 1.0739 and 1.0795 again then 1.09xx becomes a possibility very soon. Any toughts?

I wished I had listened to what I said, didn't expect the scenario could happen after price dropped to 1.0660s this morning. Altough I did see the hourly chart calling for a reversal.

I did make some profit when I closed my longs @1.0730s but after that took a short trade and have been chasing it since then. Anyway, red day for me after many days of green. The moment you deviate from your original plan, you get your ass handed to you, not happening for the first time but difficult to learn.
  • #984,356
  • Apr 23, 2015 3:20pm Apr 23, 2015 3:20pm
Quoting maldegnegi
{quote} I wished I had listened to what I said, didn't expect the scenario could happen after price dropped to 1.0660s this morning. Altough I did see the hourly chart calling for a reversal. I did make some profit when I closed my longs @1.0730s but after that took a short trade and have been chasing it since then. Anyway, red day for me after many days of green. The moment you deviate from your original plan, you get your ass handed to you, not happening for the first time but difficult to learn.
I know what you mean I call it "slot machine syndrome", once I learned to "set it and forget it" its been much more profitable.
  • #984,357
  • Apr 23, 2015 3:23pm Apr 23, 2015 3:23pm
It sounds crazy but what can avoid euro to climb 1.2 assuming that Greece will stay?
  • #984,358
  • Apr 23, 2015 3:23pm Apr 23, 2015 3:23pm
Quoting maldegnegi
{quote} I wished I had listened to what I said, didn't expect the scenario could happen after price dropped to 1.0660s this morning. Altough I did see the hourly chart calling for a reversal. I did make some profit when I closed my longs @1.0730s but after that took a short trade and have been chasing it since then. Anyway, red day for me after many days of green. The moment you deviate from your original plan, you get your ass handed to you, not happening for the first time but difficult to learn.
True. I lost $300,000.00 in 6 years by gambling and straying away from my trading strategy. I'm very lucky my Wife still had enough faith in me to allow me to learn that patience and discipline may mean missing some good opportunities, but at the end of the day is a necessity.
  • #984,359
  • Apr 23, 2015 3:25pm Apr 23, 2015 3:25pm
Quoting OpenRoad
{quote} I know what you mean I call it "slot machine syndrome", once I learned to "set it and forget it" its been much more profitable.
Yes, not only that. I should have closed once 1.0795 was taken yet I didnt, expected some annoying news from Greece issue. Actually made all the possible mistakes I could. Anyway, just wanted to share, maybe it gives some members relief that they are not the only one who makes mistakes.

I see alot of bragging here and find it dishonest, am very certain many of us makes countless mistakes. If some of us could share these, think it might help inexperienced FX traders.
  • #984,360
  • Apr 23, 2015 3:26pm Apr 23, 2015 3:26pm
Quoting Forexpcb
{quote} True. I lost $300,000.00 in 6 years by gambling and straying away from my trading strategy. I'm very lucky my Wife still had enough faith in me to allow me to learn that patience and discipline may mean missing some good opportunities, but at the end of the day is a necessity.

Oh my God! What were you doing with 300K capital over here? I am really sorry to hear that man. I hope you find a way to recover it all and make some extra.
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