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[barnii]

tstmarkt - Seems that you are novice and trade only the demo account for few weeks max. month. Try to read more from experienced users and from web. Also make statistic of your trading for at least 4 months before you enter live.

My today link: Money Management

[tstmarkt]

Originally Posted by barnii

tstmarkt - Seems that you are novice and trade only the demo account for few weeks max. month. Try to read more from experienced users and from web. Also make statistic of your trading for at least 4 months before you enter live.

My today link: Money Management

Nice try but your wrong on all accounts.. I hope your market predictions are better that this. I have been trading a live account for almost a year and only trading 1 or 2 dollars per pip because I don't have the capital for more. That being said I am making money and learning more and more all the time. Within a year I will be trading at 5 dollars per pip and within two years maybe sooner 10 dollars per pip.

Sorry to disappoint you, you were probability hoping I was just another America fool but you’re wrong... Happy trading !!

[Trader01]

Originally Posted by tstmarkt

I just order the book off Ebay ... for $39.00

That's a good price -- I paid $70+ (international shipping).

Out of 84 books purchased and read it is the only one I did not give away after reading, examining & eliminating. However, in hindsight I wish I had not given away Reminisciences of a Stock Operator -- will have to buy it again.

I don't go the russkie route; I pay full price for my loot. That leaves the karma floodgates open for serendipitous windfalls.

One book that I am waiting to get my hands on is the upcoming release by Kathy Lien, Head of Research @ FXCM. She writes for Stocks & commodities, Currency Trader Magazine etc.; reading her insightful commentaries here and there thus far has rocket-fueled my striking ability and sharpened my weaponry exponentially.

God, do I love it so!

[barnii]

Originally Posted by tstmarkt

Sorry to disappoint you, you were probability hoping I was just another America fool but you’re wrong... Happy trading !!

No problem, but if u are one year in the real game, why you are asking such a questions just now ? I think that trader after one year exp. should know this already.

Sorry for inconvenience.

[barnii]

Originally Posted by tstmarkt

I have found so far that its better to lets trades go for a few days 3-5 to get better profits.

I am not in real account now, so my opinion is just marginal, but i found that holding possitions over nights or few days is not suitable for small accounts.

For me is better to do intraday small pips trading and close positions at daily basis. And i made more trades per month this way so i can learn more quickly.

[tstmarkt]

Originally Posted by barnii

No problem, but if u are one year in the real game, why you are asking such a questions just now ? I think that trader after one year exp. should know this already.

Sorry for inconvenience.

Simply

This being is a "Forum" and I living in US, I am use to free speak, enjoy speaking with others with the same interests just wanted to here from ppl with more experience on the subject.

Thanks !

[tstmarkt]

Originally Posted by Trader01

That's a good price -- I paid $70+ (international shipping).

Out of 84 books purchased and read it is the only one I did not give away after reading, examining & eliminating. However, in hindsight I wish I had not given away Reminisciences of a Stock Operator -- will have to buy it again.

I don't go the russkie route; I pay full price for my loot. That leaves the karma floodgates open for serendipitous windfalls.

One book that I am waiting to get my hands on is the upcoming release by Kathy Lien, Head of Research @ FXCM. She writes for Stocks & commodities, Currency Trader Magazine etc.; reading her insightful commentaries here and there thus far has rocket-fueled my striking ability and sharpened my weaponry exponentially.

God, do I love it so!

Great info, I will make a note of these other books !

Happy Trading

[WTB]

To all those who laugh at 10 pips a day, you are understimating the power of compounding. If you could sustain a 10 pips net profit each trading day, starting out with a small account (let's say US$20k), you'd be a millionare within three years. Just create a quick Excel sheet if you dont believe me.

Sustainable 10 pips/day? where can I sign up!!!

[Trader01]

Originally Posted by tstmarkt

Trader01, I will get that book, thank you !

Did you catch the EUR\USD this morning ?

I missed the the rally at 1.1642 up to 1.1703 (sleeping) but DID ride it backdown to where its at right now at 1.1673

Yeah, I played it!

Now go back and check out the move that started @ 03:15 on Eur/Usd @ the intraday 1.1642 low on 15-min. chart.

Then follow the move from 09:15 as it rocketed upward.

Then check out the magnificent trendline with at least 6 contact, confirming points.

Add a Macd, including the histogram; then sit back and revel in the magic.

I think we have one more push up toward the general 1.1770 area. If she gets down to the 200-period moving average on 15-min., that could generate the final rocketblast up to the 1770 area.

Then down to retest the 1600 area once again.

[Trader01]

Originally Posted by tstmarkt

Simply

This being is a "Forum" and I living in US, I am use to free speak, enjoy speaking with others with the same interests just wanted to here from ppl with more experience on the subject.

Thanks !

The market humbles us all.

There is no shame in being a student. Slow or fast learning is irrelevant.

A staff member giving a tour of a hospital to a dignitary was asked, "Were there any great men born here?" ... Her reply? .... "No, nothing but little children!"

[ampris2000]

i don't understand why people say a small account can't trade longer time frames. my account started small and is growing each week and that's all i use are the longer time frames.

i am guessing you're putting more on the pip value than you should...???

Though I'm at 50 leverage, i use a 50 pip stop loss. if the stop loss is hit (which rarely happens) it will equal 2% of my account balance. This will be followed whether my account is $20.00 or $100,000.

I suck big time at intraday trading, but the 4 hour,daily,weekly,monthly i am able to do rather well.

"You're not paid for your methods, you're paid for your results." -quote from richard marcinko

[mwbro]

Originally Posted by ampris2000

i don't understand why people say a small account can't trade longer time frames. my account started small and is growing each week and that's all i use are the longer time frames.

i am guessing you're putting more on the pip value than you should...???

Though I'm at 50 leverage, i use a 50 pip stop loss. if the stop loss is hit (which rarely happens) it will equal 2% of my account balance. This will be followed whether my account is $20.00 or $100,000.

I suck big time at intraday trading, but the 4 hour,daily,weekly,monthly i am able to do rather well.

"You're not paid for your methods, you're paid for your results." -quote from richard marcinko

thanks for the comment above im transitioning to longer time frames (4hour and weekly) i too suck big time with intraday and scalping losing money fast lol i look forward to learning from the longer frames and hopefully seeing my account grow once again

[Trader01]

Originally Posted by ampris2000

i don't understand why people say a small account can't trade longer time frames. my account started small and is growing each week and that's all i use are the longer time frames.

i am guessing you're putting more on the pip value than you should...???

Though I'm at 50 leverage, i use a 50 pip stop loss. if the stop loss is hit (which rarely happens) it will equal 2% of my account balance. This will be followed whether my account is $20.00 or $100,000.

I suck big time at intraday trading, but the 4 hour,daily,weekly,monthly i am able to do rather well.

"You're not paid for your methods, you're paid for your results." -quote from richard marcinko

Rocky, 50 leverage? I'm assuming you mean 50:1.

[Trader01]

Originally Posted by Trader01

Yeah, I played it!

Now go back and check out the move that started @ 03:15 on Eur/Usd @ the intraday 1.1642 low on 15-min. chart.

Then follow the move from 09:15 as it rocketed upward.

Then check out the magnificent trendline with at least 6 contact, confirming points.

Add a Macd, including the histogram; then sit back and revel in the magic.

I think we have one more push up toward the general 1.1770 area. If she gets down to the 200-period moving average on 15-min., that could generate the final rocketblast up to the 1770 area.

Then down to retest the 1600 area once again.

No dice @ the 200-pd; instead a quick return to the 1600s.

Bye.

[tstmarkt]

Hello all, the market is moving nice right now from 1.1667 and just jumped to 1.1736 and still going !!!