WOW, Looks like there will be a Santa in the neighborhood this year after all. Though I still favor the EUR/YEN, I must say that the EUR/USD alone gave me over 900 pips last week and GBP/USD gave me1400 plus. Grand total for the week was 3147 pips. Not bad for a 6 month newbie??? I agree! I have a great system now using two different sets of software simultainiously, each with only 2 pairs, atleast 2 charts per pair and the only common link to all the charts are the candles. I see moves as they develop and my entry points tend to be 30 to 45 seconds into the second candle depending on overbought/oversold conditions. I love my coach… I am a highschool misfit ready to apply for disability because of an auto accident when I was 17. I live in a trailer. Not for long I say, not for long. My question is, If you found something along the way that works and you’ve thrown your money into the market rather than into someone else’s hands, haven’t you paid your dues enough? I guess I’m fortunate enough in life to atleast have what I have because I have never been married and have no children… and I am a heterosexually oriented guy still hangin out for the right one at age 40. I guess a bit of a mamma’s boy, but who doesn’t love their mother. Not asking!!!, generalizing. I’ve thrown money at a micro account and watched as a combination of freezing software and variable trades that went from 1.3 when I got in stretch to 23.3 when I wanted to get out… Now… I have been financially raped by my broker, the market, or circumstance (which I doubt) quite long enough and have filed a complaint with their compliance dept. and expect to hear from tomorrow. If not… I have a phone number, and I know a few good attorneys. Here, nor there.
I just wanted to be a ray of light and hope. That’s all my life has ever aspired to, not for just one person, not for just one race or nationality, not for greed or love of money or attention, not hope of recourse, but because I see a need for love in this world that has to come from this world to help those who need help, whatever that help may be. Whether it be a fresh water well to be dug for a community somewhere in Africa or a computer lab for an elementary education program. I see a need for a foundation. I see a need. I see a need in many things locally. A race-blind legal system in my own community would be a nice thing to see as well, but I’m not sure, even with current political events that this will ever happen here, which is partially why I feel I must leave eventually. I am from a seed that draws ties to Native American ancestry but have know way to prove this due to the dignity of a woman’s reputation. Still, I see a need. I don’t know how to be anything but me anymore and being me has made a difficult road of the journey ahead and I know that if I am meant to make the journey I have been preparing for, it must happen soon. I am no saviour, nor am I a saint, but I see a need and I don’t know anyone else who can fill it
Do the mods remove such off topic posts?
This guy is seriously high on something, or is trying to troll.
I can’t even read posts of that length where the writer doesn’t separate his thoughts into paragraphs of some sort.
ok… apples and oranges
sorry if I am taking you away from anything. I’m currently up 340 pips on the week and happy about it. Good pipping
I am happy to announce that, after sending a complaint to the compliance department at FXCMMicro concerning the earlier complaint on the original post of this thread, there has been an audit done and a corrective action has been taken in my favor.
I was extremely surprised, after reading much negative info about so many other brokers, to receive such Gold Star treatment. I can honestly say that, though I still don’t understand the need for variable spreads, it is truely a comfort to be dealing with a broker that will take the time, even at the level of a micro account, to keep their client’s interests at the forefront as they refer to me as a “valued client”.
If you are considering opening a live micro account, I would recommend FXCMMicro without hesitation, but I would further suggest starting with more than their minimum of $25 as the level of leverage is far too low to make any substantial trades… on the other hand, a seasoned trader could probably turn a bare bones account into a sizable account in short order.
Just thought I’d share some good news about a descent broker.
as always, Good Pippin.
Chubs
may your wealth increase a millionfold, your dreams produce happiness to the multitudes you wish to raise from poverty and you find favor in your G-D’s eyes !
mp
12-22-08 was a Monday and I don’t see many pairs that moved 340 pips.
Based on the 21 day ATR I would say that your likely pairs would have been:
GBPCHF: 334 ATR
GBPJPY: 293 ATR
GBPUSD: 285 ATR
Monday’s Totals:
GBPCHF: 408
GBPJPY: 263
GBPUSD: 305
OPTION 1: you captured 83.4% of the GBPCHF
OPTION 2: you captured 129% of the GBPJPY
OPTION 3: you captured 111% of the GBPUSD
The only pairs you mentioned that you trade are the EURUSD & GBPUSD leaving us with option 3.
Monday for the EURUSD was horrible with a 222 pip range with most of the push moving ~150 long and then closing just below the open for a doji.
Being overly generous, I will assume that you detected “over bought” conditions and that you entered 30% from the highest high and exited 10% from the lowest low thus capturing 60% of the total daily range of BOTH PAIRS!
That gives us a combined daily range of 527 pips and a likely pip take of 316 pips.
Based on your experience, your assumed correlated trades, & your crazy rants I am coming to the conclusion that you are not telling the truth about making 340 pips on Monday before 1:29pm
I started Sunday night at 6pm est and, so we are clear, I trade multiple pairs. I am a newbie, but as I have stated on other threads, I have great coaches and I have an acute ability to “read” my indicators. I have no need to lie about my gains or losses, but thankyou for being so astute in your need to disprove anything I may have in the way of constructive information.
Thankyou dearly to mp. I believe we are all put here for a reason and, to date, I have fallen greatly short of my potential. If my trading continues to be successful at the level it has been, I believe those funds will provide an avenue for change.
All my best and, as always, good pippin.
Chubs
while leaving this thread to the powers that be, i will make ONE nice statement concerning FXCM, a broker i have no experience with - - - -
they are an interbank liquidity provider and their data feed is right up there with the best, so whether or not you use them for trading, their FEED is one of the best !
for ADDITIONAL INFORMATION ON THIS SUBJECT, mosey over to my thread at 301 Moved Permanently
and see the additional information i added to this post !
enjoy and trade well
mp
[B][I]Within the great hall at Elfinore stands a wondrous coffer, precisely four cubits square and securely latched against the outside world. Inside that repository, shut away from impertinent eyes, abides many an intriquing trading secret garnered from around the world and over the ages !
As a child, i used to watch from the darkness as the secrets were debated and annotated by the elders. No one there held a single thought of my presence – BUT I KNOW WHERE THEY HID THE KEY !! [/I][/B]
Quite the contrary, I am just looking at the pairs to see what type of price action was available to reach the pip total that you claim to have made.
Maybe we use different definitions for “constructive information.”
This is what I did and here is the reasoning behind the trade…
here is a picture of my entry and exit points.
That is constructive information!
I made thousands of pips last week and I’m up several hundred several hours before the close of the first day of the new week & my dream is to spend my demo money to save the world!
That just is not very constructive
Now if you explained how you are able to read indicators with God like talent then that might be constructive so long as you don’t veer off into a full page rant…
Should be an interesting next few days…
If successful, I would never try and turn a conversation around on a person intentionally.
“I am what I am and that’s all what I am.”
author unknown.
Chubs
This posts look really funny, I love this forum because people use to be very sincere in here, sometimes rude. But this space I think is also to express feelings and emotions but keep in mind there is a central topic around comments, FX.
when youse peeps enter a land where there is NO fun you become ACCOUNTANTS, and if you want NO fun, theres a job for ya !
i personally carry a large container of pixie dust and laughing gas in my backpack, and twinkle toe my way from url to url spreading the mixture.
Forex is FUN — aside from greed, why bother ?
well, if its to be greed, lets at least have some fun with it !
mp;
Isn’t that why we are all really here? To increase our accounts and have a good time doing it…
I have gotten in way to deep in the whole religious debate… I have nothing more to say on the subject.
Hey Yoda, send me some of that tea, and maybe some pixie dust… lol
Happy New Year to all.
Chubs
As the more I backtest, I backtest, I backtest, as the more complex, more complex, more complex Forex I feel, I discover, I found.
You’re right, Teacher Mike. Entry is an art, exit is also an art.
Have a nice new year.
I don’t think there is any better preparation for trading, as life is to living, than trading.
But, it’s not about what I think anymore, more, what I see and feel… Thankyou, Forex.
BACKTESTING — now theres a concept !
to be honest, I do not backtest and never have because years ago i meet this geekie hippy fruitcake with twin braids and an attitude AGAINST the subject ---- he merrily went about his business of showing me why backtesting was a VERY unreliable method of estimating the worth of something because of slippage, variations on taking profit based on not so great ideas and a bunch of other things that certainly got my attention.
as he left my humble hut in the valley, by the fast running creek, he mentioned that what we were interested in was profits “going forward”, spun around three times, clicked his heels together, spread some pixie dust and was gone !
Now, with a show like that it was left to me to absorb his words or refuse those ideas, but the pixie dust got up my nose and i became a believer !
so since then, since im interested in “profits going forward” i FORWARD test — if it makes money “going forward” then theres something to it, and i make note of its goodness, file it away in my backpack and call the McGivers to celebrate !
so to this day, pixie dust still in my nostril membranes, i simply forward test any idea and see what comes forth — after all, im now the one with the twin “tails” that end at my waist and preceed my visage, and the one carrying the backpack with the laughing gas and pixie dust, so i have to be true to MY mentor !
enjoy and trade well
mp
Feel free to sprinkle your pixie dust. Feel free to share your laughing gas. Feel free with me as I will you. I got the message and…
Thanks for the pearls. I will forward reimbursement where-ever you see fit.
Happy and prosperous year ahead to you and yours.
All my best,
M t vessel