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Forum: Free Forex Trading Systems 10-15-2009, 12:38 AM
Replies: 16
Views: 482
Posted By mastergunner99
He has a large stop loss on both ends. Let's say...

He has a large stop loss on both ends. Let's say you have two open. Price moves to hit on profit target, and he's then assuming it's going to bounce back and knock out the other profit target. All...
Forum: Free Forex Trading Systems 10-14-2009, 11:08 PM
Replies: 16
Views: 482
Posted By mastergunner99
Well, lemme know how it goes after 100 trades.

Well, lemme know how it goes after 100 trades.
Forum: Free Forex Trading Systems 10-14-2009, 10:07 PM
Replies: 16
Views: 482
Posted By mastergunner99
How many trades? 7/8 is over an 80% success rate.

How many trades? 7/8 is over an 80% success rate.
Forum: Newbie Island 10-10-2009, 10:06 PM
Replies: 7
Views: 167
Posted By mastergunner99
I say start with an amount so small that you...

I say start with an amount so small that you could care less about losing it. If that means it's only 10 bucks or so, then so be it. But trading even the smallest amount of money is better than demo...
Forum: Newbie Island 10-10-2009, 10:03 PM
Replies: 28
Views: 767
Posted By mastergunner99
If you think that's a long time... consider...

If you think that's a long time... consider this...

I've had a short position with GBPUSD since September 16.
Forum: Free Forex Trading Systems 10-08-2009, 10:42 AM
Replies: 18
Views: 580
Posted By mastergunner99
You can't base a single trade and equate that to...

You can't base a single trade and equate that to any form of expertise in the market. He clearly has no regards for proper money management, market variance and fluctuation.

Successful trading is...
Forum: Free Forex Trading Systems 10-07-2009, 12:00 AM
Replies: 18
Views: 580
Posted By mastergunner99
Crap system. You don't just toss out a flat 500...

Crap system. You don't just toss out a flat 500 pips on various pairs just for the sake of having a number. That tells me alone that you're not heeding any market conditions whatsoever. And if you...
Forum: Newbie Island 10-03-2009, 11:04 AM
Replies: 17
Views: 368
Posted By mastergunner99
I understand that. Which is why I retorted with a...

I understand that. Which is why I retorted with a solution to the problem you posed.

Also stop loss movement is essential as well when I add to my current position. The first order is moved to...
Forum: Newbie Island 10-03-2009, 10:39 AM
Replies: 17
Views: 368
Posted By mastergunner99
Sure that can happen. However. such problems are...

Sure that can happen. However. such problems are generally eliminated using proper money management.

Price action also lets you know what's happening. A bounce off the golden ratio coupled with a...
Forum: Show me the money! [Daytrading] 10-02-2009, 11:03 PM
Replies: 12
Views: 837
Posted By mastergunner99
Fibonacci is a tool, but a magic movement...

Fibonacci is a tool, but a magic movement indicator. Price will tell you what it's doing and with Fibonacci you can probably gauge the strength of trends and reversals.

Also, if you're using...
Forum: Newbie Island 10-02-2009, 11:00 PM
Replies: 17
Views: 368
Posted By mastergunner99
Too many indicators for my taste. Trend-lines,...

Too many indicators for my taste. Trend-lines, horizontal lines, and Fibonacci is all I've been using lately. I used to use RSI , but decided I no longer really had a use for it other than to spot...
Forum: Newbie Island 10-02-2009, 08:04 AM
Replies: 17
Views: 368
Posted By mastergunner99
I don't think I can link my blog to here, so I'll...

I don't think I can link my blog to here, so I'll just quote directly from it.

Here's my posting from the 16th as I made the trading call:

"This set up was taken on a daily chart, price action...
Forum: Forextown 10-02-2009, 01:11 AM
Replies: 2,039
Views: 95,642
Posted By mastergunner99
Not exactly a gartley, I don't think, but I know...

Not exactly a gartley, I don't think, but I know you guys get into this convergence stuff. As I added another position to my GBPUSD short, I noticed some convergence with Fibonacci.
...
Forum: Newbie Island 10-02-2009, 12:53 AM
Replies: 17
Views: 368
Posted By mastergunner99
I've been sitting on a short position with GBPUSD...

I've been sitting on a short position with GBPUSD since the 16th of September. I'm thinking tomorrow will work out in my favor and I'll finally hit my profit target.
Forum: Newbie Island 09-29-2009, 11:29 PM
Replies: 121
Views: 5,375
Posted By mastergunner99
I truly believe that to be a successful scalper...

I truly believe that to be a successful scalper it goes beyond just trying. It's literally something you have to master to succeed. I can't imagine standard money management would come into play when...
Forum: Newbie Island 09-26-2009, 12:31 PM
Replies: 4
Views: 117
Posted By mastergunner99
It's ridiculous to open the trade on the weekend....

It's ridiculous to open the trade on the weekend. The spread is so high that you're eating into your own profits at an unnecessary level. Wait until the market opens and place a limit order. You'll...
Forum: Free Forex Trading Systems 09-26-2009, 12:26 PM
Replies: 6
Views: 312
Posted By mastergunner99
A bit of both. I have an idea of what set ups I'm...

A bit of both. I have an idea of what set ups I'm looking for to trade. However, I need to see the large picture before I enter the market.

I guess I'm a mechanical trader who uses discretion.
Forum: Forextown 09-26-2009, 12:24 PM
Replies: 18
Views: 1,086
Posted By mastergunner99
Fundamentals can move the market. Sure. ...

Fundamentals can move the market. Sure.

Psychological factors in price can move the market. Sure.

Technical analysis can see both and respond accordingly.

I believe phil and I have...
Forum: Forextown 09-26-2009, 12:33 AM
Replies: 18
Views: 1,086
Posted By mastergunner99
A successful trading methodology is much for than...

A successful trading methodology is much for than just a system itself. You need the psychology and the money management behind it. If you're looking for a system, a simple google search will lead...
Forum: Newbie Island 09-19-2009, 01:40 AM
Replies: 3
Views: 178
Posted By mastergunner99
Very wise method of money management. I...

Very wise method of money management.

I base my lot size in direction proportion of my risk as well. Amount of pips don't matter when you're focus is on proper risk management. I've profited more...
Forum: Newbie Island 09-17-2009, 07:56 PM
Replies: 13
Views: 291
Posted By mastergunner99
Yes. In fact, I assumed the character in a...

Yes.

In fact, I assumed the character in a local play years ago.
Forum: Rate my Broker 09-16-2009, 11:58 PM
Replies: 3
Views: 269
Posted By mastergunner99
Dukascopy is an extraordinary broker....

Dukascopy is an extraordinary broker. Ridiculously low spreads. Incredible service. High performing managed accounts. They are one of the best in my opinion.

However, they only cater to big...
Forum: Expert Advisors and Automated Trading 09-14-2009, 11:24 PM
Replies: 4
Views: 151
Posted By mastergunner99
Whenever it doesn't work. Which will be often as...

Whenever it doesn't work. Which will be often as I don't believe in the success of any EA.
Forum: Newbie Island 09-13-2009, 03:24 AM
Replies: 44
Views: 1,408
Posted By mastergunner99
Can someone ban this spammer please? :p

Can someone ban this spammer please? :p
Forum: Newbie Island 09-12-2009, 11:26 PM
Replies: 44
Views: 1,408
Posted By mastergunner99
Sign me up.

Sign me up.
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