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  • #801
  • Mar 23, 2016 2:35am Mar 23, 2016 2:35am
Quoting jmtini
{quote} I was looking at that Youtube channel and the 150 pips was a month ago??
Hmmm, me thinks the youtube channel may be the same person who wants to quit Forex...?
  • #802
  • Edited 4:16am Mar 23, 2016 3:49am | Edited 4:16am
Quoting Forexia
{quote} Strange. Fxstaton posted that message about the 150-pip gain just yesterday.

Maybe or maybe not... Maybe just on a demo account... If it were for real, then it was only one day...

One should see at least 6 months LIVE ACCOUNT and 3rd party VERIFIED track record (better > 1 year) to be able to judge the merits of a strategy...

An EA could make 399 Demo USD for me during the past 14 hours, but it MEANS NOTHING... Why...? Because it was only 14 hours!
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  • #803
  • Mar 23, 2016 4:26am Mar 23, 2016 4:26am
Every time want to quit forex, The question is Will I let this chance of making money goes away ?
Question is how to adjust your risk and at the same time How to get the high margin.
If you can not control your risk then you are finished at the time you start.
The Beginner always lost, at least you need 2 to 3 years of trading experience before you can start make money.
Before that time Please never expect can make money from forex. The market is too smart then you
  • #804
  • Mar 23, 2016 4:32am Mar 23, 2016 4:32am
Quoting jmtini
{quote} I agree hindsight is a wonderful thing in forex. I'm not disputing that. But I don't have to know what tomorrow will bring just what the situation is on the day with a particular currency in relation to the other currencies it's paired with. If it's weak against some but not all then it has some strength and thus can recover but if it's weak against everything like GBP today, you can really" throw the baby out with the bathwater" put foot on pedal leverage-wise - squeeze the lemon because another day like this might not come along for weeks....
GBP bombed yesterday, so today will likely to be a consolidation day or it could go down more. I wouldn't buy unless it hit a really major support. Another thing that is quite useful are the daily inside bars; now if you have a few all lining up, it is like a coiled spring and it will shoot one way or another soon.

I guess it all depends on your strategy as to your best time. I have my pending orders on a bot, as I can switch it off as and when I wish and funnily enough that is more reliable than putting them on the broker's server (hmmm, I wonder why). I often have the bot switched off come 9 GMT as that is when shit wakes up and UK news seems to make GBP over-react.
  • #805
  • Mar 23, 2016 4:36am Mar 23, 2016 4:36am
Quoting jmtini
{quote} Sorry to hear that - I notice GDR's explorer has also been taken down - what on earth happened yesterday?
Nothing It's up again. Probably just turns it off temporarily when there is some nail biting trade going on.
  • #806
  • Mar 23, 2016 6:03am Mar 23, 2016 6:03am
Quoting jen101
{quote} And you're not? {image}
At least I am throwing the money out myself instead of having a robot do it for me. Besides, I am not blaming brokers for my mistakes. And lastly, I made 41.3% this month so far, with a market maker stop hunting broker demon, on a 1:50 leverage. And I am not hiding my trade explorer when it gets bad.
Price-Action Extremist
  • #807
  • Mar 23, 2016 6:14am Mar 23, 2016 6:14am
Quoting bagman
{quote} At least I am throwing the money out myself instead of having a robot do it for me. Besides, I am not blaming brokers for my mistakes. And lastly, I made 41.3% this month so far, with a market maker stop hunting broker demon, on a 1:50 leverage. And I am not hiding my trade explorer when it gets bad.
I hope you've turned a corner, seriously and yes, true, you are transparent with your TE.
  • #808
  • Mar 23, 2016 6:26am Mar 23, 2016 6:26am
Quoting jen101
{quote} I hope you've turned a corner, seriously and yes, true, you are transparent with your TE.
I caught a really lucky break-out a few weeks ago, while overleveraged and on a 10 pip stop. The break-out was 140 pips, so I made %50+ within minutes. Was great but after that I kept chasing these rare events too much. Losing a lot of money. Then I realized using my older conservative methods are the better way to trade. Because I prefer 5-15% per week instead of big 40%+ win events every few weeks with a lot of dead time and losses in between.
Price-Action Extremist
  • #809
  • Mar 23, 2016 6:27am Mar 23, 2016 6:27am
Quoting jen101
{quote} Nothing It's up again. Probably just turns it off temporarily when there is some nail biting trade going on.
Remind me not to trade GBP pairs when a black swan happens.
  • #810
  • Mar 23, 2016 6:28am Mar 23, 2016 6:28am
Quoting bagman
{quote} I caught a really lucky break-out a few weeks ago, while overleveraged and on a 10 pip stop. The break-out was 140 pips, so I made %50+ within minutes. Was great but after that I kept chasing these rare events too much. Losing a lot of money. Then I realized using my older conservative methods are the better way trade. Because I prefer 5-15% per week instead of big 40%+ win events every few weeks with a lot of dead time and losses in between.
Yes, as with a lot of traders when you stray of your path you end up getting lost. Good you found your way back.
  • #811
  • Mar 23, 2016 6:32am Mar 23, 2016 6:32am
Quoting mrhigurashi
{quote} Yes, as with a lot of traders when you stray of your path you end up getting lost. Good you found your way back.
However I learned a few new tricks while losing money during these weeks, so the information I bought was sort of worth it. Nothing reinforces a lesson like losing a lot of money.
Price-Action Extremist
  • #812
  • Mar 23, 2016 7:53am Mar 23, 2016 7:53am
Quoting bagman
{quote} I caught a really lucky break-out a few weeks ago, while overleveraged and on a 10 pip stop. The break-out was 140 pips, so I made %50+ within minutes. Was great but after that I kept chasing these rare events too much. Losing a lot of money. Then I realized using my older conservative methods are the better way to trade. Because I prefer 5-15% per week instead of big 40%+ win events every few weeks with a lot of dead time and losses in between.
Patience.
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  • #813
  • Mar 23, 2016 7:53am Mar 23, 2016 7:53am
Quoting jmtini
{quote} I was looking at that Youtube channel and the 150 pips was a month ago??

did you watch the other videos on the playlist?? Did you try the Free service for yourself to see if they guy knows what hes doing or not??

Always looking for something to criticize is what is killing FF making the real gems difficult to discovered and keeping Real traders away. My 2 cents.
  • #814
  • Mar 23, 2016 7:56am Mar 23, 2016 7:56am
Quoting GDR3k
{quote} Remind me not to trade GBP pairs when a black swan happens.
When we leave Europe maybe? Don't trade GBP 23rd June.
  • #815
  • Mar 23, 2016 10:18am Mar 23, 2016 10:18am
Quoting tinygiant
{quote} did you watch the other videos on the playlist?? Did you try the Free service for yourself to see if they guy knows what hes doing or not?? Always looking for something to criticize is what is killing FF making the real gems difficult to discovered and keeping Real traders away. My 2 cents.
Not criticizing just made an observation. Would you like to show us how much money you've made with his system before putting your foot in it?

BTW friend, there are 1000's of systems out there. Don't put your faith or your money into any of them until they can prove consistant gains over a period of years
  • #816
  • Mar 23, 2016 10:21am Mar 23, 2016 10:21am
Quoting GDR3k
{quote} Remind me not to trade GBP pairs when a black swan happens.

Sorry what's a black swan?

I don't see your TE?
  • #817
  • Mar 23, 2016 10:26am Mar 23, 2016 10:26am
Quoting jmtini
{quote} Sorry what's a black swan? I don't see your TE?
Could be this: (Cant take credit for the amazing artwork)
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  • #818
  • Mar 23, 2016 10:33am Mar 23, 2016 10:33am
Quoting Forexia
{quote} Strange. Fxstaton posted that message about the 150-pip gain just yesterday.
any retard can make 150 pip, especially if you went to -500 to get them, it means nothing. just randomly open any position with 0.01 lot and set your TP to 150, then wait.

if you want to prove that a system is profitable, talk in account growth. % per trade/day/month/year....
i lose money for a living
  • #819
  • Mar 23, 2016 10:34am Mar 23, 2016 10:34am
Quoting mrhigurashi
{quote} Could be this: (Cant take credit for the amazing artwork) {image}
Oh thanks. Fundamental event? Not really, as far as I am aware, the Dollar strengthened and the Pound got hit because of the shocking UK economy and huge public debt! In that case, we're in for quite a few more "black swan" days in the coming weeks I'm afraid! Still should be a bears paradise!
  • #820
  • Mar 23, 2016 10:39am Mar 23, 2016 10:39am
Quoting jmtini
{quote} Oh thanks. Fundamental event? Not really, as far as I am aware, the Dollar strengthened and the Pound got hit because of the shocking UK economy and huge public debt! In that case, we're in for quite a few more "black swan" days in the coming weeks I'm afraid! Still should be a bears paradise!
So the"an event that is highly improbable (and unforeseen) that nonetheless occurs and has a significant impact". black swan? Not the Gartley and his drunken animals black swan? LOL
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