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MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

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  • #1,031,861
  • Oct 17, 2015 11:17pm Oct 17, 2015 11:17pm
Quoting KiNgEdwarD
{quote}
Is that agreement or just the usual FF dissing channel we are in

any thoughts may be a scam dear Paranoid FF members
  • #1,031,862
  • Oct 17, 2015 11:30pm Oct 17, 2015 11:30pm
This chart is easier.

-1150 pips in 2015.

Unless this market drops to near parity and they get net long at that price,
Oanda retail traders as a whole lost money this year trading the EU (have they ever not?)

This doesn't even take into consideration when the market is very heavily short or long.
It's only when the threshold crosses the 1% mark of net long/short that I even track it.

This is absolute best case scenario. The performance is much worse than this.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdnetposition.png Size: 40 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #1,031,863
  • Oct 18, 2015 1:02am Oct 18, 2015 1:02am
Quoting Pharm0r
{quote} Didn't feel like answering me? {quote}
who cares, your trading plans next week would be great to hear.. lets make some money

No TE, could be construed as a scam
  • #1,031,864
  • Edited 4:15am Oct 18, 2015 3:46am | Edited 4:15am
Quoting Erebus
{quote} Pips doesn't mean much if you don't consider Position Size or even Percentage of account IMHO Do you think he has risk management under control, or does he just get lucky? {image} {image}
His RR is solid and wins 75% of trades. Perhaps he just gets lucky. Maybe he has $1mil stashed away and only $100k in his account so it appears he is risking more capital than he can afford. Often traders of his size do not keep much more than 10% of their risk capital in an account (this is the true reason for such high amounts of leverage existing in the market, it is so one's net worth doesn't have to be all stored in a brokerage, yet can be traded as if it was)


One thing I also learned over the years is that it doesn't matter what your RR is if your hit ratio is high. For example, if you aim for 100 pips but it only goes 50, but you risked 100, would you let it go to break even because your "RR rules said you had to"? If you are a smart trader you will know when to get out of the trade, so +50 will be good enough, its better than 0. The RR becomes irrelevant at such point when you are already floating profits. All that matters at that point is securing the profit, so the next trade becomes less risky. If that makes sense...


0.6% a day is my goal .often looking for two trades per day to make 0.5% each with 0.25% risk,
knowing some days I will fall short and some targets won't reach, but if perfect would be 5% per week

If 3% per week can be sustained for 5 years it takes a measily $25,000 starting balance to 5.2 million, 30 million in 7 years and 900 million in 10 years.


even at 100 mil. $250k risk... 125 million in volume (still just a drop in the pond, even for intraday) x 20 pip stop = 0.25% loss, 40 pip target = +0.5%

"being realistic is the most commonly traveled path to mediocrity"


Quoting Erebus
{quote} So, I thought I would learn & chart a few of his trades but the very first one has me stumped It was over 500 pips in profit, and the exit was at a price not on my chart or the myfxbook chart either! Is that very bad broker spread, feed or what? It wasn't a Monday open, I don't think any bad news on that Tuesday He closed out with 11,000 on the 27.9 pips (394.27/pip); so imagine that trade showing 197132.62 at 500 pips !!!! What would you do? {image}
Something looks fishy there. Maybe it's a scam trade explorer. I don't know how people set them up but I hear it is possible.
Be hopeful in a winning position, and fearful in a losing position.
  • #1,031,865
  • Oct 18, 2015 5:10am Oct 18, 2015 5:10am
Quoting Rag2RichesFX
{quote} His RR is solid and wins 75% of trades. Perhaps he just gets lucky. Maybe he has $1mil stashed away and only $100k in his account so it appears he is risking more capital than he can afford. Often traders of his size do not keep much more than 10% of their risk capital in an account (this is the true reason for such high amounts of leverage existing in the market, it is so one's net worth doesn't have to be all stored in a brokerage, yet can be traded as if it was) One thing I also learned over the years is that it doesn't matter what your...
Wow, so much crap in one post, i wonder who even reads this. I just quickly read the words "0.6% a day" or 3% a week. Forget it, it's an illusion. Professionals aim to make about 10-30% per year, which is realistic. You are talking about over 100% a year, which is unrealistic. Watch this Video Pro's vs amateurs, he knows what he's talking about:

Inserted Video
Forex is a losers game.
  • #1,031,866
  • Oct 18, 2015 5:12am Oct 18, 2015 5:12am
Quoting mkvy
{quote} Is that agreement or just the usual FF dissing channel we are in any thoughts may be a scam dear Paranoid FF members
actually he said "told u so" ,which he said ,somebody will say......... !
Sometimes it's better to be wrong,to learn..
  • #1,031,867
  • Oct 18, 2015 7:45am Oct 18, 2015 7:45am
Quoting Rag2RichesFX
People constantly ask (on this forum) if they know any millionaire traders. I don't personally know of anyone in my own experience who has. But I found one on here (or I would reasonably assume, since he's made $715k in 4 months, it appears his starting balance was $100k.) His entries aren't perfect, neither are his exits. Heck, he let a short from 1.14 get stopped out at +28 pips after it was floating 600. Would have been $240k profit. It appears the key to his trading is a wide stop loss (50-100 pips). It rarely gets hit, so his entry doesn't...

You're so very true! I have heard a few; but most, if not all profitable Forex or other commodity traders are not active in forums anymore. They already know the truth about being profitable and prefers to be silent - thus trading most of the time is boring, so they say.

But yes I know few of them who are successful traders trading options and currencies with unbelievable performance they have week after week, year after year and they have one thing in common, they don't know the market at all. they respect the market like she's alive - they always say to make money in the business is to follow the market, to follow her lead.

Just like you said, these men knows that loses is inevitable in this business, so management is the key to survival then experience and skill will bring you to top among others.

a new week ahead
  • #1,031,868
  • Oct 18, 2015 7:59am Oct 18, 2015 7:59am
poss thats a good recent example ,of a trend change

Quoting Bones
I think the answer is in if you expand the chart further ,not to be negitive as your on the right track and posting ideas also btw triple bottom is a risky read since its not at a bottom , {quote} {image}
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,031,869
  • Oct 18, 2015 9:55am Oct 18, 2015 9:55am
Quoting Magicmen
one day EU will go to 1.1574. Nevel know when!!!!
Still waiting for this day (1.1574)!!! Hope I can see this week.

Anyway, PA is also making wave for 1.1232. I have a pending long there.
  • #1,031,870
  • Oct 18, 2015 11:30am Oct 18, 2015 11:30am
EU bounced from ressistance daily:
my opinion:

SHORT this week

Attached Image (click to enlarge)
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  • #1,031,871
  • Oct 18, 2015 12:07pm Oct 18, 2015 12:07pm
Quoting KiNgEdwarD
{quote} actually he said "told u so" ,which he said ,somebody will say......... !
What would make somebody say that,
maybe look above at Kubiasty's image
  • #1,031,872
  • Oct 18, 2015 12:20pm Oct 18, 2015 12:20pm
if set up.
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don't predict direction, but dance with flow of water
  • #1,031,873
  • Oct 18, 2015 12:42pm Oct 18, 2015 12:42pm
Quoting priceaction1
if set up. {image}
.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 65 KB
  • #1,031,874
  • Oct 18, 2015 12:45pm Oct 18, 2015 12:45pm
Quoting Techanalyst
{quote} . {image}
.
Attached Image (click to enlarge)
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  • #1,031,875
  • Oct 18, 2015 12:47pm Oct 18, 2015 12:47pm
Quoting Techanalyst
{quote} . {image}
.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 42 KB
  • #1,031,876
  • Oct 18, 2015 1:15pm Oct 18, 2015 1:15pm
Will Super Mario Open the way to 0.800?


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD - Primary Analysis - Oct-18 2014 PM (1 week).png Size: 39 KB
Buy at the Low, Sell at the High You make money by waiting not by trading.
  • #1,031,877
  • Oct 18, 2015 1:55pm Oct 18, 2015 1:55pm
Since it's slow going now and we have been posting about "Millionaire traders",,Goals,, Targets and such. as a part time guy,my goals are simple, based on a daily and weekly target USD amount. i trade small lot size and conservative pip targets most of the time,and close for profit at the first sign reversal. don't always hit my goals but close enough that for a year now, i have at least made my car payment. so that's a "free car" and that is good enough for me,for now.
keep the good humor coming and good luck to all this week
  • #1,031,878
  • Oct 18, 2015 2:30pm Oct 18, 2015 2:30pm
Trade success aprox. 60% anyone going in?
Attached Image (click to enlarge)
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  • #1,031,879
  • Oct 18, 2015 3:18pm Oct 18, 2015 3:18pm
anyone trade daily here?
  • #1,031,880
  • Oct 18, 2015 3:20pm Oct 18, 2015 3:20pm
Quoting keadr
anyone trade daily here?
by daily you mean , intraday trader or a trader who use D1 candles ?

almost everyone trades intraday in this forum but those who trade D1 timeframe , I do not know .
Get Rich or Die Tryin
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