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monolisa
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Postby monolisa » Tue Jul 28, 2009 3:31 pm

Today's EURUSD MZ trade.

BTW EURUSD is so "short friendly" today. You can short after every reversal during the downtrend and win!!

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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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es/pip
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Postby es/pip » Tue Jul 28, 2009 3:31 pm

this is what is called a good old fashioned tail whipping

beer and golf time


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EJ Xmas In July

Postby razorboy » Tue Jul 28, 2009 4:44 pm

Fun with Murrey Math Lines.......

Image

All based on probabilities................some 300 odd pips. Find an edge and work it to death.................even if it means not sleeping for the week
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!

http://thejoshkerbelproject.com/

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monolisa
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Postby monolisa » Tue Jul 28, 2009 5:44 pm

Hi razorboy,

I would love to hear your thoughts on MM and prob. Thanks.

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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MightyOne
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Re: binary options

Postby MightyOne » Tue Jul 28, 2009 6:41 pm

dalibor wrote:
rowdy wrote:
dalibor wrote:I studied binary options last night and i think its very interesting world... a lot of strategies for daily speculation, i will try it with ig markets on demo account... and for fun pure gambling with choiceodds, five minute and hourly binaries, small amount of course :lol: for example betts on market extremes - consecutive bars, 7 and more on 5 minute market and 5 and more on hourly... do you remember tro buzzards?


According to their website they say they offer daily and weekly binaries. Do they offer smaller timeframes? Your post suggests that they do. I realize I could just open a demo and find out but I am not ready to jump into binaries just yet. I am trying to keep from putting too many irons in the fire. Eventually though I want to explore them so tell me more. Minimum account size and other info would be helpful.


IG Markets offer daily binaries forex - up/down, ladders and one touch, hourlies only for indices - ftse, wall st etc., minimum 100.00 pounds, free demo account, platform looks really good

Choiceodds.com offer 5 minute, hourly and daily binaries for fx, indices and commodities, but no demo account... i watched online their 5 minutes binaries - fast as hell


You do not have to hold a daily binary until expiration!

Expiration just means price settling at 0 or 100 depending on which side of the strike it expires on.

When you enter long 20 pips from the floor it is the same thing as going long the spot with a 20 pip stop only:

1. If price moves 20 pips against you then you are not stopped out

2. The most you can make is 80 pips profit (how many of you do that in a single trade?)

3. You have all day or all week before you are stopped out by time.

4. Even when you're wrong your position still has value until expiration. You can recover 5 or 6 pips because a position with time value has value.

So if you enter 18 pips from the floor and later recover 5 then your true risk is 13 pips (size your positions accordingly).

You would have to be insane to choose gambling over the binary market.

Which do you prefer:

A: 0.9 to 1 payoff

or

B: >4 to 1 payoff and recover 25% of your bet if you are wrong.

Hard choice I know :roll:

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Postby razorboy » Tue Jul 28, 2009 6:48 pm

MM lines are just the profit targets for me

The chart i posted is not the chart i play off of - feeds are different

But before you do that you need to know the win loss rate of this particular set up over the course of 24 hours. When the set up wins and when it loses - this is the key to it all. You need to get an EV>0

I pretty much enter 5 pips beyond a momo off a 5 minute chart


monolisa wrote:Hi razorboy,

I would love to hear your thoughts on MM and prob. Thanks.

Lis
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

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razorboy
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Postby razorboy » Tue Jul 28, 2009 6:52 pm

having said that......im watching 21 right now.....forex is easier than black jack.

Today was a good day for me.......some days I have 2 or 3 losses in a row and thats it.....

Just have to be bigger when you win and play a progressive system
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

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MightyOne
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Postby MightyOne » Tue Jul 28, 2009 6:58 pm

razorboy wrote:having said that......im watching 21 right now.....forex is easier than black jack.

Today was a good day for me.......some days I have 2 or 3 losses in a row and thats it.....

Just have to be bigger when you win and play a progressive system


Have you tried the 6 point divisor plan as a progressive system?

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razorboy
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Postby razorboy » Tue Jul 28, 2009 7:24 pm

I'm just starting to get progressive - add a lot each day regardless of previous days results - just so i dont blow up

When you hit that 100 or 200 pip win its like manna from the heavens........
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

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rowdy
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Re: binary options

Postby rowdy » Tue Jul 28, 2009 10:05 pm

MightyOne wrote:
dalibor wrote:
rowdy wrote:
dalibor wrote:I studied binary options last night and i think its very interesting world... a lot of strategies for daily speculation, i will try it with ig markets on demo account... and for fun pure gambling with choiceodds, five minute and hourly binaries, small amount of course :lol: for example betts on market extremes - consecutive bars, 7 and more on 5 minute market and 5 and more on hourly... do you remember tro buzzards?


According to their website they say they offer daily and weekly binaries. Do they offer smaller timeframes? Your post suggests that they do. I realize I could just open a demo and find out but I am not ready to jump into binaries just yet. I am trying to keep from putting too many irons in the fire. Eventually though I want to explore them so tell me more. Minimum account size and other info would be helpful.


IG Markets offer daily binaries forex - up/down, ladders and one touch, hourlies only for indices - ftse, wall st etc., minimum 100.00 pounds, free demo account, platform looks really good

Choiceodds.com offer 5 minute, hourly and daily binaries for fx, indices and commodities, but no demo account... i watched online their 5 minutes binaries - fast as hell


You do not have to hold a daily binary until expiration!

Expiration just means price settling at 0 or 100 depending on which side of the strike it expires on.

When you enter long 20 pips from the floor it is the same thing as going long the spot with a 20 pip stop only:

1. If price moves 20 pips against you then you are not stopped out

2. The most you can make is 80 pips profit (how many of you do that in a single trade?)

3. You have all day or all week before you are stopped out by time.

4. Even when you're wrong your position still has value until expiration. You can recover 5 or 6 pips because a position with time value has value.

So if you enter 18 pips from the floor and later recover 5 then your true risk is 13 pips (size your positions accordingly).

You would have to be insane to choose gambling over the binary market.

Which do you prefer:

A: 0.9 to 1 payoff

or

B: >4 to 1 payoff and recover 25% of your bet if you are wrong.

Hard choice I know :roll:


This brings up an issue I didnt think about. When it comes to the binaries, what is considered trading and what is considered gambling? Trading is perfectly legal in the US but online gambling is not. How do you differentiate?
All I need is Supply and Demand

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