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Newbie on a steep learning curve

skyjack777
Jun 27 2012 at 06:31
55 posts

   lkwong posted:
   Haha ! I probably do need training ! But since he was trying to put one below the belt, I'll take the high road and not respond to it. Do have a watch at this video tho' 😎






Thanks for a great vid. I've been trading in as a sole trader since 1998. On ebay, Bartercard BBX trade exchange, Ebanc trade, all scrap metal yards in Newcastle Australia as well as scrap yards in Victoria, Sydney and Taree. Whatever your buying- be aware. Step back as the sales person is telling you it's a great deal. Put 24 hours between looking and buying. Slow down and look around. Last month I set up 4 web sites from templates, a lot of fun, still have not made a cent from internet affiliate marketing. I certainly put customers towards product sellers and will run them on for a year and re-think that edge of what I'm doing.The last Toyota landcruiser we bought was the 20th we looked at. I agree whole hearted with you, buyer beware. Loved the vid. I'll every party seperate so I can buy time for the facts to float to the surface.
   Kind Regards Bruce

skyjack777
Jun 28 2012 at 03:24
55 posts
With the help and advice I set out today to slow it down a great deal.
Today I stared the Forex50pips. My thinking was to relax into it (at the 15 minute screen) imagine that I had my $500 account and trade smart. The 50 pips had a few issues, or should I say it ran well everytime I found out how to drive it forward. To 12.30 PM it had helped me make $13.97 with a 0.10 value. After lunch I intend to run with the advice it shows but using a 2.00 value. Again it's a trial so I can trial out plans. With confidence I'll run witha 2% stake in a buy and only do one trade at a time.

On another MT$ I have a Fish Forex Robot running. I thought I'd let it run for 24 hours and let it work through the NY trading times. I think it needs to assess things at 3PM. I need to read the book again.


On the HY Trader platform I've tried to set up my Cash$cow advice with not much success, again my actions I'm sure. I can drop it into the system on my computer but when I open the to the site one addon is missing, another learning curve.


In 50 minutes I made another $122.00 because of Forex50pips. That brings the total to $136.87 for a few hours it's been active. I;ve been doing other things and responding to the sounds. I paid $105 for it and the service for a newbie was unbelievable.
                     Bruce

LK Wong
lkwong
Jun 28 2012 at 16:35
71 posts
Mrs1238 : I probably need to mention that I did NOT create that video. I just posted the link. Sorry Mrs1238, if I offended you, to make you lash out like that. I'm sure whatever system it is that you're using is excellent, to make you react as such.

Bruce : Its good that you're finding some success so early on. Many don't do until quite a long ways in, sometimes a bit too late. But like they say, only time will tell what works and what doesn't.

-LK

mrs1238
Jun 29 2012 at 04:25
7 posts
LK...I am not offended at all. I totally agree with the video. That's why Enlightened Super Trader Education is so different from any of the education industries out there because they know what's it like to trade full time. This is why they qualify their students first. It's more about quality and not quantity. I know that there are a lot of scams out there and it's hard to find quality educators.

BenNathan (BenNathan)
Jun 29 2012 at 13:14
23 posts
Hi and good luck on your journey - if you want some very simple but effective help with this i do a daily video analysis and highlight key levels to be trading... its a very simple approach but it works... web details are on my system page. Its free and theres no signups needed. Its Daily analysis and a live trade feed.



   skyjack777 posted:
   Hi All,
       Jus started in the fx world with zero experience. At 55 years old I am finding a little free time which I'm trying not to waste. I have joined up with HY Traders in Australia and another in he UK. Over the last two weeks I've had a good time just scratching the surface of the industry. I'll be going all out once I find my feet.
       In the UK I've been playing around understanding what happens when and over last Friday night I let the Demo account run out just to get the feeling of a total loss. I was failingto put in stops so I ran out of cash overnight. I did start to take it seriousthe day before.
       In Australia on another demo account I ran open on the GBP/USD pair and I'm floating at minus $30K at the moment. I'm on afternoon shift this week so it will be an interesting start to the week.

       So if I say anything out of place or wrong have a good laugh at it as I do not intend to upset anyone. You be assured it was not intentional. I'm planning to trading forever as it suits my personality to a T.
       Great Trades this week to all. Bruce

LOW RISK + HIGH PROBABILITY = REWARD
skyjack777
Jun 30 2012 at 02:44
55 posts
Thanks for that Benjamin, I'll check it out. Bruce

skyjack777
Jul 03 2012 at 08:55
55 posts
Hi All, Another day and time to slow it down a bit. Yesterday the Forex50pips made $65.58 in the demo accounts. I lost $13.42 for my guess at trading.
The automatic Fish_Forex open/shut an order with no cash made.

The Acer laptop showed a sell order from the Forex50pips, about 18 minutes after the same advice showed up on the home computer. It's going to be a long run up to Christmas. Bruce

skyjack777
Jul 17 2012 at 08:12
55 posts
A new week and the bulls have it. LOl Well how about looking for up trends. I've come across an action plan that everyone will know and understand. For me it simple looks as if it works (with a little bit of research). A $10 Ebay special I might add.
Working with your 3 and 6 day exponential moving averages, when the 3 day crosses the 6 day you buy and when the 6 day crosses the 3 day you sell. When in doubt EXIT. S/L set on previous peak or low swing. Daily time frame.
On top of that run with a 20 and 50 day moving average, when 20 is over and above the 50 line it's a long term uptrend.

Saying all that and seeing it work is great. Now I need to watch it work for the week and read a lot more.
I need to use two brokers as I'm watching 8 pairs and I just happen to be COLOURBLIND!! LOL.

James_Bond
Jul 19 2012 at 10:05
556 posts

skyjack777 posted:
A new week and the bulls have it. LOl Well how about looking for up trends. I've come across an action plan that everyone will know and understand. For me it simple looks as if it works (with a little bit of research). A $10 Ebay special I might add.
Working with your 3 and 6 day exponential moving averages, when the 3 day crosses the 6 day you buy and when the 6 day crosses the 3 day you sell. When in doubt EXIT. S/L set on previous peak or low swing. Daily time frame.
On top of that run with a 20 and 50 day moving average, when 20 is over and above the 50 line it's a long term uptrend.

Saying all that and seeing it work is great. Now I need to watch it work for the week and read a lot more.
I need to use two brokers as I'm watching 8 pairs and I just happen to be COLOURBLIND!! LOL.


Unfortunately, ma crossover's work only well in trending markets. Once you're in a range, you'll end up with a lot of losing trades. In any case, it helps you identify trends in case you've missed it.

skyjack777
Jul 19 2012 at 13:22
55 posts
Yes I see things get a bit tight as the Bollinger bands close up. This highlights a market in a range mode? I think the daily charts give a good overview of the situation. I'll keep looking, staying with what I'm working with for the next week. I need to understand a lot this week before looking any further.

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