EURUSD Trades

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Ali Son
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Postby Ali Son » Fri Oct 06, 2006 4:30 am

TheMadDashforCash.com/tro

Snappy title. When did this come out?

-OS

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TheRumpledOne
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Postby TheRumpledOne » Fri Oct 06, 2006 4:55 am

I have learned even more about FOREX.

I will give you a hint:

QUIT THINKING LIKE A TRADER AND START THINKING LIKE A BANKER!

Everyday, there's free money in FOREX... I am NOT kidding!

What do you think the SMART MONEY is doing?

Trading it like you and I? THINK AGAIN!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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FemmeFX
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Postby FemmeFX » Fri Oct 06, 2006 5:30 am

FemmeFX,

Nice pic.

TRO has said in the past that he prefers to stick with what he knows..."person who uses one gun has got to be pretty good" is more or less the quote.

Also, I've heard/discovered that the GPBUSD leads the EURUSD.

I suspect the fact that he only pays a 1 pip spread for the Euro wit EFX is also another incentive/reason.

-Later.

-Optionswings


Thanks for the compliment, Optionswings. Or would you prefer Ali? And thanks for the answer.

That's an interesting quote... never heard it before. Kind of like a Chinese proverb mixed with the Old West. :)

It was my understanding that EFX didn't have a spread, rather, they have a commission on each buy/sell order. But I could be mistaken. Still... one pip spread or a small commission means you have a better chance at coming out of the trade with some profits. Especially if you know how to use that gun. :wink:


Kat
Learn a Thing or Two from TheRumpledOne

TheMadDashForCash.com/tro

Ali Son
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Postby Ali Son » Fri Oct 06, 2006 9:16 pm

In cyberspace, you can call me whatever you want....one is only limited by the size of...one's imagination. :)

-OS

Ali Son
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Postby Ali Son » Mon Oct 09, 2006 9:03 pm

Trading currencies like a trader vs. trading like a banker?

Pray tell, TRO??!!???



TheRumpledOne wrote:I have learned even more about FOREX.

I will give you a hint:

QUIT THINKING LIKE A TRADER AND START THINKING LIKE A BANKER!

Everyday, there's free money in FOREX... I am NOT kidding!

What do you think the SMART MONEY is doing?

Trading it like you and I? THINK AGAIN!!

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jstockman
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"think like a Banker

Postby jstockman » Tue Oct 10, 2006 11:06 pm

Ali

I am interested in TRO's thoughts on this idea also,

Jimmyj


Ali Son wrote:Trading currencies like a trader vs. trading like a banker?

Pray tell, TRO??!!???



TheRumpledOne wrote:I have learned even more about FOREX.

I will give you a hint:

QUIT THINKING LIKE A TRADER AND START THINKING LIKE A BANKER!

Everyday, there's free money in FOREX... I am NOT kidding!

What do you think the SMART MONEY is doing?

Trading it like you and I? THINK AGAIN!!

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TheRumpledOne
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Postby TheRumpledOne » Tue Oct 10, 2006 11:45 pm

I said THINK like a banker, not TRADE like a banker!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

mikejody
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Postby mikejody » Wed Nov 15, 2006 12:35 am

TheRumpledOne wrote:I have learned even more about FOREX.

I will give you a hint:

QUIT THINKING LIKE A TRADER AND START THINKING LIKE A BANKER!

Everyday, there's free money in FOREX... I am NOT kidding!

What do you think the SMART MONEY is doing?

Trading it like you and I? THINK AGAIN!!


Oh, no, not another "I know secrets about Forex that only I know. I will drop you a few hints, to let you in on a few secrets, but only I know what REALLY moves the market."

Come on, tell us plainly and clearly what you are hinting at here, and let us examine the validity of it!

paul.merriman
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Postby paul.merriman » Sun Feb 04, 2007 3:14 am

I don't think of Bankers as being 'risk takers', but I sure think of Trakers as being high risk folks. Can you elaborate a little more TRO?
:)

paul.merriman
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Postby paul.merriman » Sun Feb 04, 2007 3:28 am

On the topic of "what to trade", I know TRO says it doesn't matter, and for many he's probably right.
However, it's only logical to consider the cost vs reward of a trade. In the emini S+P, it costs me $5 to get in/out (using TS). If I only capture one tick in my favor, I get $12.50 for a net profit of $7.50 (assuming no slippage). On the DOW emini, I net $5/unit

In Forex (Euro) it takes at lest one pip to get in/out so you have to capture at least 2 pips to net a 1 pip profit ($10). Does that make it twice as hard?

Now, one could argue that pips are easier to make in Forex and that might be true for someone like TRO. I'd love to see what he could do with the emini S&P for a day! Maybe they would ban him from the CME !

Any thoughts?

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