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Forum: Newbie Island 07-09-2009, 04:42 PM
Replies: 6
Views: 196
Posted By pipbull
George, It's important you realize that the...

George,

It's important you realize that the lower time frame you use, the less of an overall picture you are getting of the market.

You can use low time frame S&R while keeping the big picture...
Forum: Free Forex Trading Systems 05-12-2008, 01:05 PM
Replies: 20
Views: 2,385
Posted By pipbull
Looks like the EUR/CAD reversed and took us out...

Looks like the EUR/CAD reversed and took us out at b/e on our second half
Forum: Free Forex Trading Systems 05-08-2008, 10:30 PM
Replies: 20
Views: 2,385
Posted By pipbull
Here's an update to the EUR/CAD trade. It's going...

Here's an update to the EUR/CAD trade. It's going well...we picked up 150 pips and closed half of the position and moved the second half to b/e. We are waiting for PT2
Forum: Free Forex Trading Systems 05-07-2008, 12:29 AM
Replies: 20
Views: 2,385
Posted By pipbull
Hello again... I know it's been a while...

Hello again...

I know it's been a while since i've posted and would very much like to pick up where i left off with these kinds of set-ups. So, here's my next trade idea for the EUR/CAD
Forum: Newbie Island 01-19-2008, 11:35 PM
Replies: 9
Views: 598
Posted By pipbull
I do believe the above rules are valid but still...

I do believe the above rules are valid but still worthy of being challenged depending on the kind of trader you are. For instance:

Rule 1: Why do you have to trade with the trend if you are not a...
Forum: Newbie Island 01-07-2008, 04:12 PM
Replies: 8
Views: 383
Posted By pipbull
I think it's important to reiterate what's been...

I think it's important to reiterate what's been said by so many others at diffierent points throughout this forum.

100:1 leverage is what a broker is willing to offer you but it doesn't...
Forum: Show me the money! [Swing Trading] 01-02-2008, 05:03 PM
Replies: 399
Views: 39,067
Posted By pipbull
I find comments like this get under my skin. ...

I find comments like this get under my skin.

They may or may not work, i don't know...i have never used them. But your conviction that they don't is seemingly empty and unsupported.

Instead...
Forum: Newbie Island 01-02-2008, 04:56 PM
Replies: 7
Views: 414
Posted By pipbull
The purpose of this forum is, by definition, to...

The purpose of this forum is, by definition, to provide mentorship.

Go through the babypips school for starters. It's got a lot of great starting info and is concentrated all in one place. That...
Forum: Newbie Island 01-02-2008, 12:48 PM
Replies: 23
Views: 1,073
Posted By pipbull
Can't disagree more actually. While it is true...

Can't disagree more actually. While it is true that the only way you can succeed is with passion and committment, i think we can all agree that the learning curve in this business is immense.

The...
Forum: Forextown 12-27-2007, 03:30 PM
Replies: 1
Views: 156
Posted By pipbull
evaluating performance

In my opinion, the best way to evaluate a system's performance is not by monthly pip counts but rather by thinking in terms of a percentage. This puts things into a clearer perspective. But the...
Forum: Newbie Island 12-26-2007, 11:26 AM
Replies: 54
Views: 3,549
Posted By pipbull
My friend, there is a distinct differnece between...

My friend, there is a distinct differnece between trading and gambling that esacpes you.

Gambling is playing the game without a statistical edge in your favor. Trading - successful trading - is...
Forum: Forextown 12-25-2007, 12:19 PM
Replies: 34
Views: 2,349
Posted By pipbull
Ok, I understand but nobody is saying you have to...

Ok, I understand but nobody is saying you have to buy all 20 books at a time. But in the list i gave you, pick 2, then move on to the rest. Simple, no??

You have to understand that most...
Forum: Forextown 12-25-2007, 10:03 AM
Replies: 34
Views: 2,349
Posted By pipbull
2 books?!?!?!? That's funny. I personally...

2 books?!?!?!? That's funny.

I personally spent alot of time with alot of books and they ALL helped me

A few good ones to get started are:
1. Trade Your Way To Financial Freedom (Van Tharp)...
Forum: Newbie Island 12-22-2007, 11:06 PM
Replies: 54
Views: 3,549
Posted By pipbull
The we we trade is guided by our beliefs....

The we we trade is guided by our beliefs. Unfortunately, your beliefs are going to get you into trouble and lead you down a path of excessive risk and alot of overtrading.

Think about it for a...
Forum: Forextown 12-22-2007, 10:51 PM
Replies: 3
Views: 289
Posted By pipbull
Thanks John, So, would you say that the...

Thanks John,

So, would you say that the reliability of any sort of EUR based testing that goes further back than 1999 is sketchy at best?

Thanks
Forum: Forextown 12-22-2007, 12:47 AM
Replies: 3
Views: 289
Posted By pipbull
Question about Historical Data

I was hoping someone could provide some clarification on something:

If you take the EUR/CHF pair and pull up all the historical price data you can find on it, how much do you think you would find?...
Forum: Newbie Island 12-19-2007, 10:27 AM
Replies: 16
Views: 631
Posted By pipbull
True. I hadn't really thought of it from that...

True. I hadn't really thought of it from that angle.

But i'm not sure i fully understand. The value or exposure you get with 1 lot of GBP/JPY is the same as the exposure of 1 lot of GBP/CHF...
Forum: Newbie Island 12-18-2007, 09:44 PM
Replies: 16
Views: 631
Posted By pipbull
I see what you're saying and i don't disagree....

I see what you're saying and i don't disagree. However, the result of the above strategy cannot be replicated by simply trading long GBP/CHF. This is because you are shorting more contracts of...
Forum: Newbie Island 12-18-2007, 05:00 PM
Replies: 12
Views: 486
Posted By pipbull
Yeah, I'm gonna have to agree with you and...

Yeah, I'm gonna have to agree with you and daydreamer here.

Although i definitely understand how answering the same question over and over again can become a nuisance the important thing is not...
Forum: Newbie Island 12-18-2007, 11:28 AM
Replies: 16
Views: 631
Posted By pipbull
The best way i can think of to employ a hedge, or...

The best way i can think of to employ a hedge, or at least a partial hedge, is to use a different but highly correlated currency pair.

For example:

1. Go long GBP/JPY (collect carry and some...
Forum: Newbie Island 12-17-2007, 11:55 AM
Replies: 3
Views: 310
Posted By pipbull
GFT has a boat load of historical price...

GFT has a boat load of historical price information
Forum: Newbie Island 12-14-2007, 11:45 PM
Replies: 7
Views: 223
Posted By pipbull
Hedging is when you trade 2 positions...

Hedging is when you trade 2 positions simultaneously with the goal being for one position to partially or wholly offset the risk from the other.

An example of a full hedge would be if you took...
Forum: Newbie Island 12-14-2007, 04:19 PM
Replies: 28
Views: 2,665
Posted By pipbull
Making money is possible in Forex...very...

Making money is possible in Forex...very possible. But it could take time before you get to a point where you can make it and keep it consistently.

The very nature of the question "Does anyone...
Forum: Forextown 12-12-2007, 04:52 PM
Replies: 6
Views: 373
Posted By pipbull
Like Josef said...there are no tricks or secrets....

Like Josef said...there are no tricks or secrets. Trading successfully is about commitment and nothing less than that is going to get you the results you seek. In the end though, you will come to...
Forum: Forextown 12-11-2007, 11:42 PM
Replies: 13
Views: 480
Posted By pipbull
I agree that margin calls are bad but i disagree...

I agree that margin calls are bad but i disagree that anything over a 5% drawdown is bad. Actually, if a trader can achieve a decent return by year end and all he had to tolerate was even 10%...
Showing results 1 to 25 of 186

 
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