Splexin's Posts - Page 7

Upcoming Contest Q&A in General Jul 01, 2011 at 11:17

Can someone confirm the leverage? My calculations are showing that it is 50:1

Upcoming Contest Q&A in General Jun 30, 2011 at 19:15

Contest starts in t-minus 15 hours and 45 minutes. Good luck to everyone and may the best pippers win 😀I've never won anything so it would be nice if I placed in this 😝

Best Forex Education Course in New Traders Jun 30, 2011 at 04:59

You don't need to pay $250 to get educated.....save it because you will likely need it to lose when you first go live 😉You can find a variety of educational courses for free online, just join a trader's forum and ask around I'm sure someone will share. I have never spent a dime on forex material and have a good hundred hours of training videos.I won't mention names here but if you PM I will offer some suggestions of good courses for newbies.But you should first start with some good books. Learning risk management and trader psychology should be priorities. If you grasp ...

LiveForex Account (ZuluTrade) in Trading Systems Jun 29, 2011 at 07:40

Had my first loss in awhile on the Signal account. Guess I can't win them all! 🙄This evening has been a rollercoaster for my live account. Lost $40, went in the red $30 more on another trade, and netted $1.40 after getting in on a EUR trade and closing my -$30 trade....should've stuck with EUR trade as I would have 10% profit now. Though I am thankful to not have another $30-40 loss, I kicked myself for chickening out when price was obviously continue the rally 😳And on top of all that, once again the prices avoided a Limit Order by one pip, and the trade is now in favor...

dimitry expert in New Traders Jun 29, 2011 at 04:27

Interesting but why is the average loss 4 times bigger than the average win??? 😲I think it should be the other way around if you want it to do well on live account.Also, some of the trades are "0s" so I'm assuming that you're only targeting 4-5 pips on each trade?

LiveForex Account (ZuluTrade) in Trading Systems Jun 29, 2011 at 01:39

I was actually VERY surprised that the price actually went to where I predicted.....that's pretty wild.Yes it was a good call, but not exactly a perfect trade. Around 03:00 there was a huge bullish engulfing candle (news...I think) that would've given warning to what was to come. Had I been in the trade, I would've moved the stop loss closer ("just in case") and also moved the target to the nearest Pivot Point (1.4245). This is not just hindsight speaking, either. All in all, you would end the trade with 80 pips, though I'm sure most people would've exited once th...

NATIONAL RETARDS FUND in Trading Systems Jun 28, 2011 at 20:48

You're right about the broker spread, but on a smaller accounts fewer losers are better. You wouldn't be trading 1.00 lot on a $1000 account anyways. I'm just saying that the more trades you place the higher the risk of a losing trade occurring. Probability cannot be avoided.Yes, remember I posted the notification that all U.S. retail brokers will stop leveraging metals. You said you would switch over to currencies, how much different do they perform than gold with your system? Any difference?

LiveForex Account (ZuluTrade) in Trading Systems Jun 28, 2011 at 06:41

Ah, thank you for pointing that out. I am so used to my live account, which is a standard account, that I did not take into consideration ZuluTrade counting $10,000 account as micro.

LiveForex Account (ZuluTrade) in Trading Systems Jun 28, 2011 at 04:28

Limit Order expired during my dinner -.-Normally I set my limit orders to expire in 24 hours...for some reason I set this one incorrectly 🙄See screenshot for proof that I called the trade 2 days ago (posted on my website). Entry was for 1.4325 (just above 61.8%). Current price is 1.4290, session high 1.4328ish. Actually a few hours ahead of predicted time. Amazing.Of course, the trade could turn around 5 minutes from now, but it looks to be in favor. You could bag at least 30 pips.<a href='http://www.myfxbook.com/files/Splexin/eurusd_setup_01.jpg' target='_blank'>...

NATIONAL RETARDS FUND in Trading Systems Jun 28, 2011 at 03:13

I saw your History before you hid it, so you take many small trades?Wouldn't it be better to take fewer trades, but let them profit larger (i.e. use slightly larger positions)? Just think of how much broker spread you would save.Probability says the more trades taken, the higher the risk for more losses to be given.This is why my signal account has been doing well-- trade less, risk less. None of this scalping nonsense. Almost every EA and system I see nowadays promotes 20-30 pips as a huge win. Anything less than 40 pips is not considered a win to me.P.S. Love the Deadmau5 song six posts ...

LiveForex Account (ZuluTrade) in Trading Systems Jun 24, 2011 at 15:47

LiveForex.Biz - you can see the trade history at http://www.zulutrade.com/TradeHistoryIndividual.aspx?pid=56018Interestingly enough, that page lists my lot sizes incorrectly at '10'. Should say '1' but perhaps an issue with my cache.

New Gold/Silver Trading Restrictions in General Jun 23, 2011 at 21:05

It's like a new restriction every month-- the FIFO rule went into effect in May.They claim it's to make trading "safer," protect traders and economic interests, but we all know somebody up top just wants to make more money. I have yet to see some regulation that actually benefited my trading.

New Gold/Silver Trading Restrictions in General Jun 23, 2011 at 20:35

I received the attached message via email from Oanda. This doesn't really affect me since I haven't traded gold/silver in over a year, but for many U.S. traders this is a disaster. Just thought I would share this here to give everyone a heads up, if they haven't gotten notifications already.

LiveForex Account (ZuluTrade) in Trading Systems Jun 23, 2011 at 19:27

Edit: Yes, EUR/USD exceeded the 100 pip Target. Damn, see that's what happens when you keep the platform open and don't let the trade do it's job!!! LOL 😁<a href='http://www.myfxbook.com/files/Splexin/eurusd_623.jpg' target='_blank'><img src='http://www.myfxbook.com/files/Splexin/eurusd_623.jpg'/></a>

LiveForex Account (ZuluTrade) in Trading Systems Jun 23, 2011 at 19:16

Once again, exited too early. Target was 1.4250 and I'm pretty sure it will get close or hit it 😂 Already a good 20-30 pips higher as of this writing. But I got out early with only 67 pips (reason being that I thought it was a flash move that would retreat). 😑 Poo! I need to stop doing that 😝Anyways, more than 12% gain in 3 days with very minimal risk...all in all nearly 40% in 2 weeks (8 trading days) of the account being open.......pure luck, or something else? 😎The system I trade is more longer term, no scalp nonsense, which might explain why it grows fas...

LiveForex Account (ZuluTrade) in Trading Systems Jun 21, 2011 at 18:09

Yes, I'm on ZuluTrade but my profile won't start showing up in their Performance profile until I reach 31 trades. So I still have awhile before I get some followers. But yes, I also have a new website up and running, though I have not yet published the commentary videos etc since I've had a lot going on in the real world. Hoping to get some videos up next week 😄Plus, I've been busy planning my strategy for the trading contest 😉

Upcoming Contest Q&A in General Jun 21, 2011 at 09:44

I was wondering the same thing. Like, whether the winner has to deposit a minimum amount to receive this credit. But I think their current minimum deposit is only $50 or $100.

LiveForex Account (ZuluTrade) in Trading Systems Jun 21, 2011 at 09:33

For those wondering, I do not place trades every day-- sometimes yes, but only if market conditions are appropriate. Each trade may be open between 3 hours and 3 days, depending on volatility. No news trading, strict 30 pip SL and 100 TP. May bag profits early if trend lines, pivot points, or S/R levels suggest a turnaround is probable.And obviously, this is a demo account. But I am trading exactly as I would with $10,000 in my real account. Consistency and strict money management are the ways to win. Technically speaking, I only trade at 10:1 leverage. Many people do not have the discipline t...

LiveForex Account (ZuluTrade) in Trading Systems Jun 20, 2011 at 06:37

System working as designed, though I exited most recent trade 5 minutes too early 😝Anxious to reach $10K on live account so I can start seeing these results in real money 😉May the pips be with you!Splexin

Why I'm Proud of Myself (Now) in New Traders Jun 16, 2011 at 17:28

I was just fed up and tired of being below/at break-even lol.Yeah, I would've made OVER a grand had 1) I waited a few hours to enter or 2) held onto the trade. The price went about 30-40 pips above my original entry before taking a dive down. And the original target was 1.6080, but then I moved it up a little because I thought the market would consolidate and I didn't want to wait any longer lolTrust me, I don't play big all the time. Now I am back to my 2-3% risk per trade with SLs at 30-40 pips and TPs at 80-100 pips. On occasion I will play with tight SLs and larger positions, b...

EURUSD	1.07983	GBPUSD	1.29612	AUDUSD	0.66063
USDJPY	153.166	USDCAD	1.3895	USDCHF	0.86879

Posts by forex_trader_33781