nickwake's Posts | Myfxbook

EUR-FOREX Managed in Trading Systems Dec 10, 2011 at 11:04

Good luck too to those who remain, I really hope it does work out for you. I became uncomfortable with the way some trades were managed and the lack of transparency over fees or pip raking (FXCC was my broker Will) or whatever was going on, Eur Forex did also post last weekend to say they would do something about it. They did not.For me fuchiuliu this was a test outside my normal way of trading and I found it just wasn't for me. For me as an online business owner and SEO consultant positivity is fundamental to success. I do not think IMHO that I and some of the other guys on here were bein...

EUR-FOREX Managed in Trading Systems Dec 09, 2011 at 12:04

Will, at the risk of waking fuchiuliu up I must point out that in November it was a few % up only on this demo reference account. Client accounts lost about 5% due to the pip commissions being taken. Today, EU summit, surely that is gambling not trading, and that is not a mr small and scared comment, that is advice that is pretty universal for retail traders from many sources.

EUR-FOREX Managed in Trading Systems Dec 07, 2011 at 20:03

I wasn't involved with them in previous NFPs, in any case isit not conventional wisdom not to tarde techinals inthe run up to major news releases as it really cna be a coin flip?Anyway fuchiuliu I'm not going to get into a pissing contest with you. Only one thing because I'm not the person you think I am. No I do not expect to get rich from a 1k account and I've been around forex long enough to know how it goes. I also invest a lot of equities and have some positions that have been underwater since the financial crisis, no problem, they'll come good eventually. No, 800 pips...

EUR-FOREX Managed in Trading Systems Dec 07, 2011 at 16:25

And it's arrogant know it all "hard guys" like you fuchiuliu who annoy the f**k out of me, get a life yourself too. this is not about oooh I'm losing a few dollars it's about these guys are not trading at all like their previous patterns indicated and are not at all transparent about what can be expected plus they are raking the spreads liked nobody's business. I made near 800 points last month trading another system and at times was -400 pips on open trades but I was happy with the fundamentals behind the trades so stuck with them and took the rewards. But naturally ...

EUR-FOREX Managed in Trading Systems Dec 03, 2011 at 10:29

Seriously dreadful, my account now sub $900. Yesterday was like watching 5 years olds chase a football...in a sell...market went up so trades closed and buys entered just in time for it to reverse and go down again losing pips all over the place (entering right at the top or bottom of the SR ranges)...and of course it was NFP day which the vast majority of canny traders don't trade at least until after the announcement.In terms of spread differences, this from the Eur fx website - *PLEASE NOTE THAT THE SPREAD IN FXCC WILL BE MARKED UP, BUT WILL INCLUDE TRADING COMMISSION. CLIENTS WILL NOT ...

EUR-FOREX Managed in Trading Systems Dec 02, 2011 at 09:46

November - Started with $1009 ended on $956.93 I make that a 5.17% loss - Different to you Macgyver as I joined on Oct 31st and the 31st - around 2nd were really good and very much in line with their previous results and then it went poor with 1 winning week from 4 which is about the reverse of the previous months with only that one week being in line with the longer term 80%+ winning average which is what is needed when the average loss is 3x or more than of the average win.Eur Forex - is it fair to clients new and prospective that your demo account that you use as a marketing tool on your we...

EUR-FOREX Managed in Trading Systems Dec 01, 2011 at 08:46

Yes, why the freeze on the myFx stats? Other systems are updating so it is not a MyFx issue.

EUR-FOREX Managed in Trading Systems Nov 25, 2011 at 09:23

Great job, superb recovery 😄One question, due to the spread differences between your trade account which I guess is a zero pip and our retail accounts where we're "losing" 1-3 pips per trade I'm still just slightly down on my start point, (looks good to go through this soon as long as the markets don't go weird again.) When calculating revenue shares on the previous month I take it you do this from the clients (my) retail account?

EUR-FOREX Managed in Trading Systems Nov 15, 2011 at 09:07

I think the concern some have is that the pattern of trading seems to have changed fundamentally so we ask has something changed with the traders or have market conditions changed such that it will no longer be able to achieve the sort of results seen before. It's a fair question as nothing in the previous track record - that we all agree is true - is patterned like this, and those results were achieved during some pretty hard trading conditions, low summer liquidity plus the ever present Euro turmoil. For me I'm certainly sticking with it as yes I am comfortable to a 30% drawdown from...

EUR-FOREX Managed in Trading Systems Nov 11, 2011 at 17:07

Think not, see http://www.donnaforex.com/forum/index.php?topic=4123.0 where it says - "it is a trade copier EA. signal copy trade copier uses this comments. it only copies trades and not take trades on its own" So Eur Forex are maybe just using it to copy trades over. A good day, lets hope this last one doesn't wipe it.

EUR-FOREX Managed in Trading Systems Nov 10, 2011 at 10:55

Lowest form of wit alert 😉

EUR-FOREX Managed in Trading Systems Nov 10, 2011 at 10:03

They did take 140 or so off the table which was good but now I see a nasty retrace in action looking like it might snatch defeat from the jaws of victory. Eur forex, it's an open forum here so it is our right we can discuss within the boundaries of civility especially where the use of our money is involved, your input is of course appreciated too.

EUR-FOREX Managed in Trading Systems Nov 09, 2011 at 13:06

Like the main traders went away and left the tea boy in charge armed with a basic manual on support and resistance trading, or they just plugged some bad EA robot in and went on holiday!

EUR-FOREX Managed in Trading Systems Nov 09, 2011 at 12:52

Easy to say from the sidelines, another 100+ pips just lost on buy trades after the 100+ pip drop in EU was not traded. My main concern is that the pattern of their trading has changed - look back at trades before this period, a lot of shorter trades, smaller pips, steady gains. I trade with a signals service as well (Vladimir Rs) and have taken +200 pips in the last week. I am not bailing out yet but you have to admit that to see an account lose over 500 points in a week is very bad especially when compared to how they did before. I also note no comments from Eur Forex on here where before th...

EUR-FOREX Managed in Trading Systems Nov 09, 2011 at 08:23

Yes, getting paranoid here about these guys. They heavily marketed the "must sign up before Nov 1st when we out our minimum deposit up" then it goes good a couple of days and since then totally awful. It's as if their key trader has left and they were trying to sign up as many new people as possible in order to squeeze out more new account sign up bonuses from the designated brokers.Some of the trades taken did not look good, many attempts to enter at the bottom of ranges against confirmed very solid support, and the result, repeated large losses. For me I began with $1009, now $...

EUR-FOREX Managed in Trading Systems Nov 08, 2011 at 14:55

And losing some more 😞

EUR-FOREX Managed in Trading Systems Nov 04, 2011 at 11:14

Yep, no doubt over that, the demo does reflect live

EUR-FOREX Managed in Trading Systems Nov 04, 2011 at 10:53

LOL, so true, I did think when I set the account up "bet we start with a losing streak" actually didn't and was up about 200 points on day 1 so thought, wow this is astounding and then back down to earth with a bump. But you are right of course, it's not a straight line and drawdowns happen. At the moment especially hard with the situation in Europe making it whipsaw so much.Maybe a fishing trip for a week with no online access! 😄

EUR-FOREX Managed in Trading Systems Nov 04, 2011 at 10:46

Yes we will, hope I have some fund left by then! And if it is good then I will say so there and then, praise you bigtime, apologise ever for doubting and all that.

EUR-FOREX Managed in Trading Systems Nov 04, 2011 at 10:33

Yeh, they're getting steamed, wonder if the office cleaner got left in charge. On the chart this looks to be the worst run to date, can't believe that I always seem to get into these things just as they have their worst period ever, reminds me of the old horse racing tip services, great results until you join and then kaboom! Started with 1009, went up to 1054 and now down to 958 with one open trade in losing territory, given that it's NFP day that could go anywhere. Oh well, will give it a month and then see or if half the fund gets lost pull it then.

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Posts by nickwake