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EURUSD

  • #1,061,601
  • Mar 11, 2016 11:33am Mar 11, 2016 11:33am
Quoting SingaFX
{quote} buy 1.1102 {image}
rejected from 1.1192, buy closed.
open short 1.1159 target 1.1032
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“Hope is [a] bogus emotion that only costs you money.” - PETER LYNCH
  • #1,061,602
  • Mar 11, 2016 12:26pm Mar 11, 2016 12:26pm
I advise people to not look down on EUR bulls as of next week data. Next week Yen would be more or less bearish but it would be contra of by dollar weakness... FED i predict would not raise rate this month. THe currency market now is all not on fundamentals but all about speculations.. if loooking at short term, please do not underestimate the bulls of the euro as less people would be expecting any further rate cuts for the forseeable future, but instead focusing on the rate rise by the US.... The US raising rates will be look as expected , but if they do not move and giving reasons due to global growth slacks, the US dollar is gonna fall and hence pushing commodities up which is good for the economy as a whole because of deflationary pressure... I ADVISE fundamental players to be more cautious on trading currencies....
Goodluck....
  • #1,061,603
  • Mar 11, 2016 1:49pm Mar 11, 2016 1:49pm
Quoting Not-KPMG
{quote} Hats off. I cannot agree more....It's all a big squeeze, banks kicking up, then load better shorts.... Yet the near future is uncertain and risky. God knows what these big-ass banks are plotting: 1.12 1.14 so just the little bulls get the bait........ Have you seen the charts some folks are drawing? I keep shorts and few longs. {quote}
Much thanks. Charts have become incredibly deceptive with the arrival of the Quant. The math Ph.D who programs the HFT algo black boxes for huge trading firms and banks. I'm trying to look closer at DAILY charts now and pay attention to fundamental monetary policy and data that the market looks at as game changing data.

Eventually fundamentals drive the technicals. An example would be the DOW or S&P in the middle of the Fed QE program. The rally years were bullet proof, unstoppable, and to the destruction of the shorts unsellable.

80 Billion euros a month in bond purchases with a -.04 deposit rate and 0% benchmark rate. The fundamentals are going to take over. No fighting it.
Be humble or be humbled.
  • #1,061,604
  • Mar 11, 2016 1:54pm Mar 11, 2016 1:54pm
Quoting dan2boy
I advise people to not look down on EUR bulls as of next week data. Next week Yen would be more or less bearish but it would be contra of by dollar weakness... FED i predict would not raise rate this month. THe currency market now is all not on fundamentals but all about speculations.. if loooking at short term, please do not underestimate the bulls of the euro as less people would be expecting any further rate cuts for the forseeable future, but instead focusing on the rate rise by the US.... The US raising rates will be look as expected , but...
Yeah that is a huge one right there. U.S. data has been good. They back off now and get all dovish and there goes USD indeed.
Be humble or be humbled.
  • #1,061,605
  • Mar 11, 2016 3:54pm Mar 11, 2016 3:54pm
Quoting stylinex
{quote} I had set sell order at 9800 and it executed at 9800
Sure did sell too early. Missed out on another 85 points
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  • #1,061,606
  • Mar 11, 2016 4:57pm Mar 11, 2016 4:57pm
Guys, i heard in many forums that only 5% of traders actually survive and make money. Is that true?
Drawdown is more important than Account Size !
  • #1,061,607
  • Mar 11, 2016 5:27pm Mar 11, 2016 5:27pm
Quoting procrude
Is that true?
yes.
no.

did that answer your question?
what does "actually survive" mean to you?

  1. 6 weeks?
  2. 10 years?
  3. 1 lifetime?


what about "make money"?

  1. 5% / year?
  2. 1million $ / 8h?
  3. 350 troys of gold / lifetime?
  4. 6 blue dolphins?


Your question could have been reformulated like such: is this the slot machine that gives money? is it true?

first google search: OANDA statistics [link] updated today. laziness won't get ya in those 5%

  • #1,061,608
  • Mar 11, 2016 7:52pm Mar 11, 2016 7:52pm
Quoting procrude
Guys, i heard in many forums that only 5% of traders actually survive and make money. Is that true?
I heard that xx percent of persons that actually put a foot on the moon died of a heart attack many many years after...
  • #1,061,609
  • Mar 11, 2016 9:20pm Mar 11, 2016 9:20pm
Quoting procrude
Guys, i heard in many forums that only 5% of traders actually survive and make money. Is that true?
yes, i believe is true. 5-8 % profitable and making money in long term. Say after 5 years and ongoing. And who knows about % profit, it's irrelevant though........ And No need to ridicule a novice.
Beware of robber banks (RB), bad advisors.
  • #1,061,610
  • Mar 11, 2016 9:20pm Mar 11, 2016 9:20pm
Quoting procrude
Guys, i heard in many forums that only 5% of traders actually survive and make money. Is that true?
Definitely not easy. If it were that easy everyone would be doing it and everyone would be rich. In my opinion though every year brings in opportunities. These opportunities are either peaks to short from or bottoms to buy at. Every year there is a few good ones that arise. Due to these everyone piles in and tries to make money all the time which is why the fail number is so high. If you have good discipline and can control yourself to when to buy or sell then you can make good money. But the more you trade the Lower your odds are. Opportunities arise in Gold,Silver,oil,currencies,indexes etc.. You only need to catch a few good ones a few times a year and you are set but if you plan to trade on a daily basis and try to beat the market on a day to day basis then your odds of losing will be very high unless of course you are either very gifted and talented or just very lucky.
  • #1,061,611
  • Mar 11, 2016 9:27pm Mar 11, 2016 9:27pm
i dont know why people are thinking of selling at this moment.

clear breach of d1.
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  • #1,061,612
  • Mar 12, 2016 3:37am Mar 12, 2016 3:37am
Quoting Bicarus
i dont know why people are thinking of selling at this moment. clear breach of d1. {image}
this chart is beautiful..... Put in the museum of abstract art. Picasso will like it......unfortunately there is not a drop of common sense in it, so people short......Warning - there will be oscillations, pull backs, stop hunting.
Beware of robber banks (RB), bad advisors.
  • #1,061,613
  • Mar 12, 2016 9:10am Mar 12, 2016 9:10am
Quoting Vorex
{quote} They don't want to show it because they don't want people to copy their trades so having it in a password protected file, no one can copy their trade. Some people don't post their trade because they think if they do, the market markers will go against them with 50 billion dollars to hit their sl & steal their $20 in demo account money lol. anyways it's just an idea.
Thks for this entertainment
  • #1,061,614
  • Edited 10:20am Mar 12, 2016 9:33am | Edited 10:20am
Any one who really thinks he is a very good trader and making tons of pips and acting like super hero's "must" link to the trade explorer to really show what they can do. Just typing here with entries and making claims of making XXX amount of pips is meaning less. Also, a live account results are REAL results... demo accounts are Nothing. One can learn more with a small live micro account than a million dollar demo account. I made a lot of pips in the demo accounts but when it came to real account my emotions and everything changed... and my education / a real learning experience started.

Yes its true, with 10 pips a day you will eventually become a millionaire....but the question is how many times that happens???

I had a very smart and knowledgeable teacher who taught me trading and he actually had a live account with over $200,000 in it.... that we saw many times. After 2 years suddenly his account went to $100K then a few months later down to $15,000
Drawdown is more important than Account Size !
  • #1,061,615
  • Mar 12, 2016 1:00pm Mar 12, 2016 1:00pm
Quoting procrude
Any one who really thinks he is a very good trader and making tons of pips and acting like super hero's "must" link to the trade explorer to really show what they can do. Just typing here with entries and making claims of making XXX amount of pips is meaning less. Also, a live account results are REAL results... demo accounts are Nothing. One can learn more with a small live micro account than a million dollar demo account. I made a lot of pips in the demo accounts but when it came to real account my emotions and everything changed......
exactly demo has no emotional attachment
  • #1,061,616
  • Mar 12, 2016 3:16pm Mar 12, 2016 3:16pm
Quoting procrude
Any one who really thinks he is a very good trader and making tons of pips and acting like super hero's "must" link to the trade explorer to really show what they can do.
Only if your goal is to prove how skilled you are to bunch of total strangers online. And if that is your goal what is in it for you? Either you are scamming or you need strokes for your ego. I've seen a few who say they use the TE as a way to track their own progress but not sure why you'd want such a public way to do that. None of the traders I follow here have one. And honestly they just look like bait to me.Especially as they are easy to manipulate. Better to try to learn from those who have nothing to prove. My 2 cents.
  • #1,061,617
  • Mar 12, 2016 7:36pm Mar 12, 2016 7:36pm
Quoting procrude
Any one who really thinks he is a very good trader and making tons of pips and acting like super hero's "must" link to the trade explorer to really show what they can do. Just typing here with entries and making claims of making XXX amount of pips is meaning less. Also, a live account results are REAL results... demo accounts are Nothing. One can learn more with a small live micro account than a million dollar demo account. I made a lot of pips in the demo accounts but when it came to real account my emotions and everything changed... and my education...
very true... even the most successful strategies stop working. the one who can continuously adapt according to changing situations can survive let alone being successful.
There is only one way to learn. It’s through action.
  • #1,061,618
  • Edited 5:53am Mar 13, 2016 5:36am | Edited 5:53am
Quoting Vorex
For people who come and show off "After the facts" I've a solution maybe you don't want people to know where you entered so that others don't follow you, how about writing your trades in a text documents and using Winrar you can zip the file with a password and upload it here, like I've uploaded the file EUR-USD here which I put an example of a trade. People can download the file and then after the facts you can tell us your password so we unzip the file and see if your trade was good. NO? Ok I will just go cry a river. password is 123x {file}

You can hash the "the value" with a pass from here https://md5hashing.net/crypto

then later give the pass to decrypt. So here are two:-

Inserted Code
HJTX3gAAAAN4A8xw347A+238dJP8Y1j1mIsPjhoJTDIMmStHahXhJfaewBX0iApy65e8n1MEqjvcHAmK3rP0RUUXU+xgSAw4sHDeSw08NjKlJYjwmJcA5yQCP78nKXfMXi38pI5ENAnISVXU/zdCrFzFxw3JtlnJ5FpuK11sgUJCxdAeDMIwCySdf3nUvxcivRj7DVbTKy3pMGkYobwVwvUg+6BcRnUKySniZtH4Avftbf1BXBfGVVoX2c41otdUX6PYs3jE+ZwVsqLkf505njyUvKmL7FevT7D+bzrnNuo=


Inserted Code
HJTX3gAAAAMcQ9RupsnX1z4qGZPJW4Rn5aVR95H3J/RAJUvmuu67IsrdQIGtaG83GQtqEibLUlA+d8ndLQk8CgLqWnnHtl/LKhqp6mv7qczOHpayBUTCBfs3fhQqNhHPnSnj7HZQmTO1+6Vs7CduLiVPIhFZgiKsiHSNtPGPJutSX6z7H9rugkbpahyllp9yadax2NH+1Qms4iNGMVpb8NTbBw5uyATsdZp2qlhCVwW8SoIeYcXJDne0PUR1rZSu1JRxZe5kX+8+GqV0Pd9hT37knclleu6EQ0Twp1lmkAq/hJucX3vGSOOfhT5hD8qMMr8HHGWT+6U8bRcmVO5lLrZlNWX+QUmO/Mrt0Fmz
  • #1,061,619
  • Mar 13, 2016 10:11am Mar 13, 2016 10:11am
Quoting vasily
easy {image}
despit eu central bank new rate cut and qe usa central bank keep eu over all time tl.can it hold it more?time will tell
  • #1,061,620
  • Mar 13, 2016 10:26am Mar 13, 2016 10:26am
Hey, all. The forex weekly outlook is live on the bog here: http://www.forexmademillionaire.com/...ook-3-13-2016/

It's a slightly new (and longer) format. You'll find three trades complete with entry, stop, and target levels.

Woot!
check out my blog: forexmademillionaire dot com
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