G-unit pimpin on forex

[ecology10]

Leverage: 1:400
Lot size: USD 100,000
Month: 20 days of trading

Forex is High Risk High Return investment; a person should always hedge it with a Low Risk Low Return investment.

Estimated provided below for different plans are subjected to market risk, and hence are not guaranteed. These estimates should give you an idea of how the figures will look like on a good month. There is a possibility that one might loose his/her initial investment, but as a safety all trading will cease after half of the account is wiped-out.
Also bear in mind any profits gained are taxable under the United States law. Capital gains tax is about 20-25%; depending upon the bracket of income.
All trades are commission free, but a spread is charged on an open position which varies from currency to currency. Usually the spread (BID/ASK) is about $3-$10.
Forex is a highly volatile market, and hence to gain and loose is equally possible.


PLAN 1 (RISK MEDIUM)
Open 0.1 lot / day
Hence Lot size: USD 10,000
Margin required: $25 (1:400)

Daily target: 1-10 pip’s /daily

Minimum: month (2%)
Maximum: month (20%)
Average: month (10%)


I will start posting my trades in 2 weeks,
I will post my reason for entry and exit.

One article all should read,
http://www.forbes.com/business/feeds...fx2701304.html

I dont think the eur/usd will rise much (by that i mean above 1.27 - 1.30),
Although my previous posts have suggested that (of inverese head n shoulders) but fundamentally its unlikely.

Although I am not really concered where it goes I m not figtin the market ... rather playin it .... n for as low as 10 - 30 pip moves which are usually random in the forex markets.

two holy-grail for trading.
1) timing
2) money management.

TIME IT >>>> OPPORTUNITY COST DON'T SPEND ALL UR TIME STARING AT THE SCREEN

http://www.moneytec.com/forums/attac...1&d=1146163004

[ecology10]

EUR/USD
Charts - 3 time frames,
D > Daily for Over-all TREND
4H > 4 Hour Mid-term View
1H > 1 Hour Position taking Frame


Daily,
Nice upward-trend
1st Channel (RED) Started Oct 2005 (4 times lower line tested, 2 times upper line tested; 3rd time it broke the upper channel).

2nd Channel (BLUE) Started Feb 2006 (4 times lower line tested, 4 times upper line tested; 5th time it broke the upper channel).

Fibonacci Support n Resistance
100% @1.3438 {Mar 05}
61.8% @1.2750
50.0% @1.2540
38.2% @1.2325
0% @1.1640 {Nov 05}




4-Hour,
*1st, 2nd (in Daily Chart)

Nice upward trend
3rd Channel (GREEN) Started APR 2006 (4 times lower line tested, 4 time higher line tested) YET TO BREAK OUT. **NFP Friday May 05 2006**

Wondering IF Fibonacci Support n Resistance should be drawn for smaller - timeframes??



1 Hour,
Position taken,
EUR/USD (SHORT) @1.2692 s/l: 1.2736 {-46pips}
target 1 --> 1.2610 {+82pips}
R/R: 1.78

[ecology10]

1 Hour,
Position taken,
EUR/USD (SHORT) @1.2692 s/l: 1.2736 {-46pips}
target 1 --> 1.2610 {+82pips}
R/R: 1.78

There is good upward trend in tact, although there has been upward movement without any consolidation. (One should not trade against the trend (WHICH IS UP HERE). BUT HERE We'll make an exception with some-what tight stop-loss of -46).
Ideally I would have taken a short position around 1.2715 with -21 stoploss. But owell ... whts gone is gone ... moving on..

Tomorrows expected NFP of 200k holds or is even lower, should push the EUR/USD Lower to test 1.2600 (lower 3rd Channel)

[ecology10]

Another position added,
EUR/USD SHORT @1.2704 S/l: 1.2741 {-37 pips}
Target 1 --> 1.2640 {64 pips}
R/R: 1.73

[ecology10]

Originally Posted by ecology10

Another position added,
EUR/USD SHORT @1.2704 S/l: 1.2741 {-37 pips}
Target 1 --> 1.2640 {64 pips}
R/R: 1.73

stoped out -46-37 = -83
Lesson learned: trend is your friend

[rufffen]

What a title for a thread, and what about you, call yourelsf Yung Joc?

[ecology10]

Hi I have been away for a while ... revising my stratergies.
Below i have posted eur/usd 2hr chart ...

TRADING BAND: 1.2925 - 1.2690 (Fib retracements) RED LINE
Pick ur bottom n top to trade till a breakout ...
Look at the black trend line connecting top and later bottom ... There is a word for this trendline .. i forgot ... although they often work) ...

LONG @ 1.2749 s/l 1.2600 t1 1.2900 t2 1.3100

CHART http://www.moneytec.com/forums/attac...g?d=1148491774

ecology10

[ecology10]

Originally Posted by rufffen

What a title for a thread, and what about you, call yourelsf Yung Joc?

Well i am a young buck ... tryin to learn the game ....
G-unit is a good attention grabber title keyword. atleast thats wht i think.

goodluck everyone with their financial success.

PS: Try to limit to few trades a week to reduce stress ...