Guys, I just CAN'T do foreign exchange... I've tried

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monolisa
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Postby monolisa » Sat Jul 11, 2009 5:32 am

Patch (or Potch :)): No problem!! Just a little twist on the famous painting.

patriotstef: I think you should start with the basic - the infamous horizontal lines http://kreslik.com/forums/viewtopic.php?t=1946 or the BuyZone http://kreslik.com/forums/viewtopic.php?t=1050. May be you should keep the number of indicator to maximum 3 and learn to SEE the price action and reaction.

Keep it simple :)

Good luck with your trading!!

Lis
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu
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prochargedmopar
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Postby prochargedmopar » Sat Jul 11, 2009 12:01 pm

Gert Frobe wrote:its trading - last week i was winning every trade even made money on fat finger trades. on monday i was ready to pull the pin -got tied to a huge loser down over a 100 pips got the dreded margin call. some how i traded my way out of it but it was still a big hit on the account. tuesday small loss but i got back to basics. took weds. off and worked out a trading plan on basic stuff i know -the buy zone. thursday back in the money and tonight i have hit my goal for the asian mkt. so get mad and revue what you have done right in the past and come back with a simple plan.


airball


It's amazing how people who have been trading for so long can still have struggles..............
The demons that reside within us!!!!
Simply amazing.

I feel your pain.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
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liquidotype
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Postby liquidotype » Sun Jul 12, 2009 5:31 pm

Try to keep it simple!
Trade with the system you feel ok!
Choose your goal for a day, like 30pips every day...
Don't be greedy, be realistic!

Make your own money management!
I trade with 10c per pip...
If i reach goal 150 pips or 300pips, i can trade 20c per pip...
After another 150pips or 300pips, i can trade 30c per pip...
How much i am allowed to lose in one day? Let's say 30 pips.
You reach profit 30 pips... You stop for a day!
Even if it's one, good trade...
Try to trade that way...

You, always, must have a plan! Stick to it!
Every person has a different way to trade!
What works for me, doesn't mean will work for you!
So try to come up with your own way to trade and profit in forex.
You won't find answer in google, how to trade and profit in forex... Only ideas!

P.s.
I gave my girlfriend a system... (she's newbie)
She made 1100pips in one week, on demo account...
I can't even make 10 pips on that system... 8)
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prochargedmopar
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Postby prochargedmopar » Sun Jul 12, 2009 6:59 pm

Liquidotype,

I've read what you wrote 1000 times.
I"ve believed it for a long time but just now starting to be able to apply it.....

My wife started trading the buyzone 3 days ago....2 trades per day only at london open and then the next hr.....she's doing good.

thanks for the refresher.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
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flinux
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Postby flinux » Sun Jul 12, 2009 7:09 pm

Hi liquidotype,
we are just a little curious!
Which system uses your girlfriend ? :D
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Gert Frobe
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Postby Gert Frobe » Sun Jul 12, 2009 7:28 pm

my wife is very good with the buyzone aswell. Ladies have a level of awarness that guys will never have. They can scan a room full of people in about 10 seconds and tell you what every ladies shoes they are wearing and be able to tell you if they own them already or if they would go with anything they own. Me being a guy I can only tell in ten seconds the woman who has the biggest set of boobs and keep from saying ouch to loud when I get pinched on the inside of my arm when she catchs my looking to long.
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flinux
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Postby flinux » Sun Jul 12, 2009 7:30 pm

ahuhuahuahuahuhua
LOL :D :D :D
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liquidotype
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Postby liquidotype » Sun Jul 12, 2009 7:38 pm

There is one fella...
Called Ramdas.
http://www.forexfactory.com/member.php?u=16917

It's his system...
5min chart with 5sma,50sma,150sma,300sma,sma600 and sma2400
I don't know exactly all the rules of trade...[color=#] [/color]
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dragon33
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Postby dragon33 » Sun Jul 12, 2009 8:44 pm

Don't forget a lot of people or lying about making pips.
It is nice you can show of and telling on forums you are making big bucks but don't forget there is just 5% who is telling the thruth and 2% of them are the big boys. There is a lot mambo jambo about systems!!!
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Patch
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Postby Patch » Sun Jul 12, 2009 8:55 pm

Hi Gert

Great to see your post a short time ago. I hope you all are doing well. My son and his wife and number one and only grandson just moved to Dallas.

I imagine your business is doing great right now. Is Texas going to succeed from the USA? If o I am moving to Houston in spite of my love for the Outter Banks, OBX, NC. And your trading the metals still with greater success?

Patch
In VA
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO
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