USD70+K from ZERO in 16 weeks...

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pika
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Postby pika » Thu Feb 10, 2011 11:27 am

luminousneo,

Just a comment here. If we follow the 200 SMA example and take only the 2 good trades for total of 60 pips, it will take more than a week's time instead of 2 days to fulfill the daily average objective. So in practice, we have to find other pairs to trade but using a long period SMA crossover may not yield such opportunities readily. Am I right?

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luminousneo
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Postby luminousneo » Thu Feb 10, 2011 11:34 am

pika wrote:luminousneo,

Just a comment here. If we follow the 200 SMA example and take only the 2 good trades for total of 60 pips, it will take more than a week's time instead of 2 days to fulfill the daily average objective. So in practice, we have to find other pairs to trade but using a long period SMA crossover may not yield such opportunities readily. Am I right?


Nice one... be smart...how about setting 200 SMA in lower TF ... how many opportunities u get in 1 day? can u see tight SL? can u get 30 pips from those crossover?
Never Ending Opportunities...even Superman can't stop me...

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newark18
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Postby newark18 » Thu Feb 10, 2011 12:31 pm

Nikita, you sound like a very pleasant person. :^o
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Jalarupa
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Postby Jalarupa » Thu Feb 10, 2011 12:49 pm

@newark, I bet they thought this would be easy...

Netbook.... $200
Internet connection.... $50

Watching bonnie and clyde being called out on their BullSh1T...

PRICELESS!!!
Feed my will to feel this moment urging me to cross the line!
Reaching out to embrace the random!
Reaching out to embrace whatever may come!

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luminousneo
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Postby luminousneo » Thu Feb 10, 2011 5:11 pm

Rules : TP 30 pips for each trade, if there is any losing trade, TP should be higher because we need to cover the loss and make sure to get minimum profit net of 30 pips daily... watch and learn...

EURUSD

Image

1st Trade : SL -26, TP +30
Status : TP HIT

Total pips : 30 pips


AUDUSD

Image

1st Trade : SL -7, TP +30
Status : SL HIT

2nd Trade : SL -44, TP +37
Status : TP HIT

Total pips : 30 pips


GBPUSD

Image

1st Trade : SL -15, TP +30
Status : SL HIT

2nd Trade : SL -6, TP +45
Status : SL HIT

3rd Trade : SL -14, TP +51
Status : TP HIT

Total pips : 30 pips


USDCHF

Image


1st Trade : SL -3, TP +30
Status : SL HIT

2nd Trade : SL -5, TP +33
Status : TP HIT

Total pips : 30 pips


GBPJPY

Image

1st Trade : SL -26, TP +30
Status : TP HIT

2nd Trade : SL -5, TP +30
Status : SL HIT

3rd Trade : SL -26, TP +30
Status : SL HIT

4th Trade : SL -25, TP +30
Status : TP HIT

5th Trade : SL -40, TP +30
Status : TP HIT

Total pips : 61 pips


Any comments???
Never Ending Opportunities...even Superman can't stop me...

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luminousneo
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Postby luminousneo » Thu Feb 10, 2011 5:22 pm

Jalarupa wrote:@newark, I bet they thought this would be easy...

Netbook.... $200
Internet connection.... $50

Watching bonnie and clyde being called out on their BullSh1T...

PRICELESS!!!



Jalarupa,

this thread actually contains full of info but I don't think ur images suit here... u better remove it or else u will embarrassed yourself hehehe .... 2,000+ views now ... n more to come...
Never Ending Opportunities...even Superman can't stop me...

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newschool
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Postby newschool » Thu Feb 10, 2011 6:02 pm

MA cross trading? Holy s**t. Almost equal to the discovery of fire.

I did traded MAs however (2 years ago), and I do think they are the only "indicators" that can actually give an edge. But that edge was pretty small so yes I would prefer sell my advices than trade MAs.

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newark18
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Postby newark18 » Thu Feb 10, 2011 6:12 pm

Luminous,

You should have read the forum rules before you started posting. There are no squiggly lines allowed on our charts here.
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newark18
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Postby newark18 » Thu Feb 10, 2011 8:40 pm

Luckydragon wrote:Come on guys, we should all be nice to one another. Anyone that is willing to give up their time to teach, to share deserves respect. Some have reached there goals but most are not there yet. It is a long road to success in trading, every bit of info could make us better traders.


I am not being mean (well, I am a little) but there is really an unspoken understanding that we don't use squiggly lines to determine entry.

And I can't help my reaction to Nikita. She is just so personable, I just want to pinch her cheeks!
Failure is an opportunity to learn.

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bredin
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Postby bredin » Thu Feb 10, 2011 9:51 pm

Sometimes you need a good laugh, just have to read something funny, even though you just know that postcounts are not an indicator of quality.

Luckydragon, you are so right. we should post charts and ask questions and be nicer.

Image
Image
edit: wrong images

Why no mention of the 10 or so trades in the red circles?? not all losers surely??

Why did you stop rolling the losses into the TP on the GJ example? was it because then the 4th trade would have been a loss?

Is the spread calculated into the losses??


Since the authors of this thread have been so insistant on protecting newbies I should add some protectionism...

MA cross systems are inherently dangerous because of fundamental market mechanics: You will always be buying after a rise in price or selling after a fall in price which carries more risk and is, in the words of Sam Seiden, is the single biggest mistake of amateur traders.
Furthermore since you never know which cross is actually the start of something big you must take every entry available that you money management rules can handle, which will lead to runs of losses when the market goes flat.

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