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            Benanke Investment. 1 (By forex_trader_33033)
                
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        Benanke Investment. 1 Discussion
 
    
                            forex_trader_33033                    
                                    
                    
                        
                            Member Since Mar 31, 2011
                                     
                        
                        
                            41 posts
                        
                    
                
            
                    Apr 26, 2011 at 08:02
                                    
                
                    
                            
                                Member Since Mar 31, 2011
                                 
                            
                            
                                41 posts
                            
                    
                
            
                        Gold price hit new peak yesterday at 1518, then began to see some selling pressure. Gold price continues to see downside pressure this morning and touched 1495, trading below 1500. After last week's gains, gold price is down to below 1500 this morning due to profit taking from recent gains. However the long term trend for gold price remains bullish as USD index is still very weak and investors are turning to gold as an alternative investment when fears of rising global inflation rise. We could see some more profit taking actions today, a small correction of gold price before gathering momentum to get above 1518.
                                                                                            
                                                            
                    
                        
                            Member Since Feb 16, 2010
                                     
                        
                        
                            1305 posts
                        
                    
                
            
                    Apr 26, 2011 at 08:40
                                            
                                        (edited Apr 26, 2011 at 08:46)
                                    
                                    
                
                    
                            
                                Member Since Feb 16, 2010
                                 
                            
                            
                                1305 posts
                            
                    
                
            Benanke posted:
Our last open position that was place on thursday has been closed. Another 18% profit, still on 0.0% DD.
0.00% balance DD doesn't mean you don't have DD at all. Right now you in ~20% floating DD.
Regarding the private history issue, my opinion is that there's no way to offer managed account services w/o showing the history. Hidden history is keeping the potential investors away. Especially now when I see you have 100% profitable trades A BIG RED LIGHT IS STARTING TO BLINK. It looks like a "HOLD AND HOPE" strategy to me and we all know "hold and hope" systems are doomed in the long term.
                                    "In trading, winning is frequently a question of luck, but losing is always a matter of skill."
                                
                                                                        
                    Apr 26, 2011 at 08:55
                                    
                
                    
                            
                                Member Since Nov 18, 2009
                                 
                            
                            
                                708 posts
                            
                    
                
            
                        20% ? Errm, 8337 / 16788 is 51% drawdown ... in 3 open trades ...
https://instaforex.com/pamm_monitoring.php?user=7116512
Big fat smoke and mirrors churning here
                                                                                            
                                                            https://instaforex.com/pamm_monitoring.php?user=7116512
Big fat smoke and mirrors churning here
                                    Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.
                                
                                                                        
                    
                        
                            Member Since Feb 16, 2010
                                     
                        
                        
                            1305 posts
                        
                    
                
            
                    Apr 29, 2011 at 05:51
                                    
                
                    
                            
                                Member Since Feb 16, 2010
                                 
                            
                            
                                1305 posts
                            
                    
                
            Benanke posted:
@SOLAR:: what 20% DD are you talkking about???
U 2.... DonT meSS wiTh tHe ZoHAn.........! lol
You had 20% floating loss at a certain point when I wrote it. 20% is.... too much, too risky.
                                    "In trading, winning is frequently a question of luck, but losing is always a matter of skill."
                                
                                                                         
    
                            forex_trader_32776                    
                                    
                    
                        
                            Member Since Mar 28, 2011
                                     
                        
                        
                            942 posts
                        
                    
                
            
                    Apr 29, 2011 at 18:08
                                    
                
                    
                            
                                Member Since Mar 28, 2011
                                 
                            
                            
                                942 posts
                            
                    
                
            forexma posted:
Benanke posted:
Our last open position that was place on thursday has been closed. Another 18% profit, still on 0.0% DD.
"HOLD AND HOPE" strategy to me and we all know "hold and hope" systems are doomed in the long term.
Possibly.
So is the Grid Forex Gold Trader EA, however, both of these traders still understand a trend when they see one.
Deciding to trade GOLD Long has proven to make ANY trader, good or bad, look like a super star.
30+ trades LONG.
How long will the gold rush last is the question.
 
    
                            forex_trader_32776                    
                                    
                    
                        
                            Member Since Mar 28, 2011
                                     
                        
                        
                            942 posts
                        
                    
                
             
    
                            forex_trader_32776                    
                                    
                    
                        
                            Member Since Mar 28, 2011
                                     
                        
                        
                            942 posts
                        
                    
                
            
                    Apr 29, 2011 at 18:44
                                    
                
                    
                            
                                Member Since Mar 28, 2011
                                 
                            
                            
                                942 posts
                            
                    
                
            
                        Don't be fooled my the Myfxbook widgets. 
His PAMM at instaforex was at 50% equity.
https://instaforex.com/pamm_monitoring.php?user=7116512
                                                            His PAMM at instaforex was at 50% equity.
https://instaforex.com/pamm_monitoring.php?user=7116512
                    
                        
                            Member Since Feb 16, 2010
                                     
                        
                        
                            1305 posts
                        
                    
                
            
                    Apr 29, 2011 at 18:57
                                    
                
                    
                            
                                Member Since Feb 16, 2010
                                 
                            
                            
                                1305 posts
                            
                    
                
            Benanke posted:
GOOD JOB !! Keep it up bcos you will be rewarded for your useful effort soon!
You really confirm all my impressions about nigerians.
                                    "In trading, winning is frequently a question of luck, but losing is always a matter of skill."
                                
                                                                         
        
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