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  • #989,061
  • May 13, 2015 10:47pm May 13, 2015 10:47pm
Quoting janpec1000
{quote} Atm structure points to where your leg target is so, ye 1.15 is for now bull target unless bears can deliver and they need to deliver seriously to make that change. Hah i love that you pointed out: when this patterns fail, they fail miserably, its so true, i havent seen anyone pointing that out before.
Yes, pattern failure is a setup on it's own, in reality patterns allow you to trade after they are completed, before they are completed and even when they fail but you need to be precise and disciplined like with any other strategy.
Have a good day.
We watch the charts from every angle so you don't have to!!
  • #989,062
  • May 13, 2015 10:47pm May 13, 2015 10:47pm
Quoting giveachance
are we heading down. I have never seen a retail sales creating a rally bigger than NFP.
Precisely my thoughts.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #989,063
  • May 13, 2015 10:48pm May 13, 2015 10:48pm
Quoting fxtyrant
{quote} even if Euro becomes as low worth as a roll of toilet paper I can guarantee you somebody will still buy it to wipe their asses. probably pay dimes for a roll of euro paper for their ass wiping purposes but its still worth a dime.
Hi traders

I am new in forex and need some trusted trader so I can follow his step and copy his trades until I learn how to stand on my own feet.

One friend has suggested that I follow one guy called fxtyrant, as he described him as good. But I am not sure, looking at his trading explorer he does not look that good.

any suggestion would be appreciated.
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  • #989,064
  • May 13, 2015 10:48pm May 13, 2015 10:48pm
Quoting leeon
{quote} you still think that telling everyone to short for the last month was the correct call?
and you still think this is an actual bull trend and not just a correction? think again.
i take this correction as an opportunity to load shorts.not the other way around.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #989,065
  • May 13, 2015 10:49pm May 13, 2015 10:49pm
please share views.... Euro is making double top or not?
OR
Will it bounce up from SMA32?
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  • #989,066
  • May 13, 2015 10:49pm May 13, 2015 10:49pm
Quoting jothetrader
{quote} Hi traders I am new in forex and need some trusted trader so I can follow his step and copy his trades until I learn how to stand on my own feet. One friend has suggested that I follow one guy called fxtyrant, as he described him as good. But I am not sure, looking at his trading explorer he does not look that good. any suggestion would be appreciated. {image}
Lol 9% drawdown is not time to panic yet. jeez. i have said countless times 15-20% is my tolerance.
besides you should go into the "Trade Report" to give the stats a read. maximal drawdown recorded is around 13%.
besides EURUSD up over 150 pips and its only a 7% drawdown on my account.... that's why i never go bust..... it takes EURUSD to go 2000 pips or so against me to bust me....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #989,067
  • May 13, 2015 10:52pm May 13, 2015 10:52pm
Quoting leeon
{quote} you still think that telling everyone to short for the last month was the correct call?
Predictions of parity does not have to be fulfilled. So much can happen until the end of the year. In addition, if the big banks etc. announce parity, it's hard for me to believe in that.
  • #989,068
  • May 13, 2015 10:52pm May 13, 2015 10:52pm
If Euro don't get a retrace from here to 1250....... then we could hit 1460 very soon.

The above scenario could mean that 1360 - 1380 is a newly formed support and put 1.11 almost out of reach before 1.16 or even more.
  • #989,069
  • May 13, 2015 10:56pm May 13, 2015 10:56pm
Quoting fxtyrant
{quote} Lol 9% drawdown is not time to panic yet. jeez. i have said countless times 15-20% is my tolerance. besides you should go into the "Trade Report" to give the stats a read. maximal drawdown recorded is around 13%. besides EURUSD up over 150 pips and its only a 7% drawdown on my account.... that's why i never go bust..... it takes EURUSD to go 2000 pips or so against me to bust me....
I am sorry I am using real money here, money that could put food on my children table. your standards only applicable to demo money.

any suggestion of a real trader who i can trust would highly appreciated.
  • #989,070
  • May 13, 2015 10:56pm May 13, 2015 10:56pm
Quoting giveachance
{quote} bad retail sales does not necessarily mean US consumer is not having enough cash. It may also mean he is preserving that cash for bad times. does a euro fall on euro retail sales data. I doubt??
im directing the company instead of customer buddy. I mean every company with public share needs to report their income to public and we knew the book price for any share depend on the growth of the company. Within low retail sales indicates the company is suffering because people doesnt buy the product which is implied in lower book price of the stock. Low prices of the stock (blue chip stocks) will deliver a lower level for equities and if US equities down, every rquities all over the world will follow them. In any case that was my thought i doubt it right that why i asked fxtyrant
  • #989,071
  • May 13, 2015 10:57pm May 13, 2015 10:57pm
Quoting fxtyrant
{quote} Precisely my thoughts.
how can one distinquish a move done by retail and not smart money or what is the other player there?
  • #989,072
  • May 13, 2015 10:59pm May 13, 2015 10:59pm
Quoting fxtyrant
{quote} Lol 9% drawdown is not time to panic yet. jeez. i have said countless times 15-20% is my tolerance. besides you should go into the "Trade Report" to give the stats a read. maximal drawdown recorded is around 13%. besides EURUSD up over 150 pips and its only a 7% drawdown on my account.... that's why i never go bust..... it takes EURUSD to go 2000 pips or so against me to bust me....
so You can sacrifice 15-20% to earn 4,5-5%?
  • #989,073
  • May 13, 2015 11:00pm May 13, 2015 11:00pm
Quoting jothetrader
{quote} I am sorry I am using real money here, money that could put food on my children table. your standards only applicable to demo money. any suggestion of a real trader who i can trust would highly appreciated.
You can start by doing Your homework before you start with real money and learn this buisness.

fx tyrant is one of the serious guys although his position is wrong at the moment. The ones complaining never shows their positions
  • #989,074
  • May 13, 2015 11:00pm May 13, 2015 11:00pm
Quoting teod00r
{quote} so You can sacrifice 15-20% to earn 4,5-5%?
good movie. scary shjit the pi
  • #989,075
  • May 13, 2015 11:01pm May 13, 2015 11:01pm
Quoting teod00r
{quote} so You can sacrifice 15-20% to earn 4,5-5%?
abit of tricky answer, i think he will need to answer it for you, but for my 2 cents..

if you risk 20% to make 4 or 5 %, but you have a 100% win ratio over a period of a few years.. well.. what do you think?:nerd:
  • #989,076
  • May 13, 2015 11:02pm May 13, 2015 11:02pm
Quoting jothetrader
{quote} I am sorry I am using real money here, money that could put food on my children table. your standards only applicable to demo money. any suggestion of a real trader who i can trust would highly appreciated.
and what makes you think im not trading real behind??
and please you shouldn't be trading forex if your family depends on it....
forex is a high risk speculative instrument, unless you are a professional at this with years and years of experience, i would suggest you stay out of it, because you will lose that money.

If you are going to follow, follow...
if not, go ahead and try developing your own trading strategy, but expect yourself to margin call on a few accounts before you begin making enough to put food on your children's table.

this sounds harsh but this is reality
and reality is harsh.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #989,077
  • May 13, 2015 11:03pm May 13, 2015 11:03pm
Quoting teod00r
{quote} so You can sacrifice 15-20% to earn 4,5-5%?
while my trades are 100% win rate on balance. and the account is up above 60% since inception. aint it?
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #989,078
  • May 13, 2015 11:04pm May 13, 2015 11:04pm
At least Fxtyrant shows his trades man.......... we all have poor trades so can't understand what's with all these flaming.
  • #989,079
  • May 13, 2015 11:04pm May 13, 2015 11:04pm
Quoting 2012mysterio
{quote} abit of tricky answer, i think he will need to answer it for you, but for my 2 cents.. if you risk 20% to make 4 or 5 %, but you have a 100% win ratio over a period of a few years.. well.. what do you think?:nerd:
well spoken, if risk:reward is below 1, comes down to how many consecutive winning trades you can make before 1 actual loss, if i risk 20% for 5% reward. then it means i need to make 4 consecutive wins for every loss. and im making more than 4 consecutive wins though..... that's why im up 60% on the year??
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #989,080
  • May 13, 2015 11:06pm May 13, 2015 11:06pm
I hardly have any positions in the market this days but I still think we are going down. Parity yes the USD increase is not over. The market is manipulated euroup these days
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