Some of you may or may not already be in a contest whether you know it or not. IBFX (u have to sign up for this one) and FXCM (live account over 1k) and ur automatically entered
Whats the prize? and how are you going to regulate it? Donāt tell me āscouts honourāā¦
I donāt think this will pan outā¦
LOL not trying to sell anything, just trying to have a little fun ā¦ you know? FUN ā¦ donāt take everything so seriouslyā¦ relax there ā¦breath dudeā¦ those kind of emotions canāt be good for your trading.
If you donāt take your trading seriously, you will failā¦ that is for sureā¦ there is nothing FUN about tradingā¦ its pure business, and if you donāt adapt that kind of mentality, you will be one of the 95%ā¦
well i have been trading full time since late febraury this year and have consistantly made 10%+ almost every week since and have grown my account over 2700% in over 7 months yet i still have fun trading, theres nothing wrong with enjoying your work, in fact it has its benefits
Most brokers offer a monthly competition. FXCM enter every new Micro with a bal over $500 opend last Friday of each month until last Friday of following month.
I believe the winner has usually made around 400% most months and is usually a scalper by all accounts (last 6 months).
But on reading the Webinars of the winners they typically trade upwards of 5% of their bal and multiple trades without stops.
Now Iām all for being entered into a competition if it doesnāt cost me anything, but if it leads to taking risks you would otherwise not take then this is not good.
I would like to think most here would not let the fact that they were in a competition alter their judgementā¦ but on reading the posts fear otherwise!
Im not looking to come in first, i agree with you on what usually happeneds ā¦ mostly luck for the winnerā¦ but im looking for a published list of names for a compeition that might span over 3 monthsā¦ there is one starting in jan, but thats all iāve foundā¦
I am curious how you came up with your name as it is the same as a company that has been trying to sell me itās signal software - fxgroundworks.com. Do you have any connections with the aforementioned company?
lol i have a feeling thats the last weāll see of him although i just looked up the website and from what i can tell its a harmonic pattern recognition software his selling, isnt there something similar for MT4 which is free?
Yeah. ThePhoenix, Rhodytrader, and I had a āheatedā conversation with him on another thread (that probably got deleted). It was revealed that heās selling a signal service and after he insulted me I put him on my ignore list.
how about a brief description of that, what is it in a nutshell ? I never heard of harmonic ocilators, although I have tried playin the blues on a harmonicaā¦
Iāve played the trumpet and clarinetā¦tacky high school band stuff ya knowā¦lol.
Harmonic patterns are XABCD price wave patterns that are measured with fibonacci levels, and when those points are connected with lines, some of them look like a butterflyā¦lol.
There are about 5 or 6 patterns, and when the retracements & swings between the points coincide with the major fib numbers like 61.8, 1.272, 1.618 etc, and those fib lines converge together, they are considered harmonic and basically show you where a turning point in the last wave will beā¦itās predictive with about a 70-80% accuracy rate.
Itās not hard at all, and actually fun. Only about 2 sets of fibs are used per pattern.
Take a look at the thread Sweet Pip talked about, itās on Forextown I donāt know how to post the link. Itās a really profitable way to trade, itās fun and FREE!
I am currently involved in competitions run by Deltastock and fxcm, not doing to good in fxcm comp, but hope I have a bit of luck onn the deltastock comp.
