the project, the grail.

Dec 23, 2013 at 21:45
Przeglądane 3,311
83 Replies
pumpingmonkey
forex_trader_168526
Uczestnik z Dec 19, 2013   126 postów
Dec 23, 2013 at 21:45
i am able to accurately pick tops and bottoms.

i am now semi-automated, meaning that my software tells me where to enter but it waits for me to manually place the trades.

i do not trade multiple pairs, i only trade one single pair at a time.

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Uczestnik z Nov 21, 2011   1718 postów
Dec 23, 2013 at 23:17
You entered short into a bearish trend. So you did not pick up the top @ 1.0909... just the top of the recent rally.

My pattern suggests same short entry.... but market could rally 100 pips more.
pumpingmonkey
forex_trader_168526
Uczestnik z Dec 19, 2013   126 postów
Dec 24, 2013 at 00:11
i am now maxxed out on margin, with almost ninety percent of my account's balance being used as margin.

so, if we rally 100 pips, as you say, my goose is cooked.

aint gonna happen.

this is my thesis, sir.

thank you for the vouch.

😎
Uczestnik z Nov 21, 2011   1718 postów
Dec 24, 2013 at 00:49
Whatever you think... market is always right.

If you have a great software but a poor MM... you won't be successfull.

Hopefully it goes down from here.
pumpingmonkey
forex_trader_168526
Uczestnik z Dec 19, 2013   126 postów
Dec 24, 2013 at 03:51
trading hours for my broker, ibfx.com:

i am interested to know what are holiday hours for trading? thank you.

 Client Services 20: sure
 Client Services 20: Christmas Eve/Christmas Day
 Client Services 20: On Christmas Eve December 24th trading will close at 4 PM EST.
 Client Services 20: On Christmas Day December 25th trading will reopen at 5 PM EST.
 Client Services 20: New Years Eve/New Years Day
 Client Services 20: On New Year’s Eve December 31st trading will close at 4 PM EST.
 Client Services 20: On New Year’s Day January 1st trading will reopen at 5 PM EST.
 Client Services 20:
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pumpingmonkey
forex_trader_168526
Uczestnik z Dec 19, 2013   126 postów
Dec 24, 2013 at 05:27
my indicator's VARIABLES output is as follows:

MXR: 3.2125
XF: 6.6407
XC: 7.3385
DX: 6.978560
MP: 6.9896
T: 1.103
POS: 1.0104
PL: -2.70
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pumpingmonkey
forex_trader_168526
Uczestnik z Dec 19, 2013   126 postów
Dec 24, 2013 at 12:48
i do not bother insisting that my trades be placed at the very top or very bottom, but instead i only place my trades at or near the top or bottom.

my numbers now clearly show me that i am now absolutely topped out, see area circled in red.

much kindness for your patience, thank you

CURRENT INDICATOR VARIABLES:

MXR: 3.2125
XF: 6.4647
XC: 7.1440
DX: 6.792763
MP: 6.8043
T: 1.157
POS: 1.1957
PL: -13.66
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pumpingmonkey
forex_trader_168526
Uczestnik z Dec 19, 2013   126 postów
Dec 25, 2013 at 02:48 (edytowane Dec 25, 2013 at 02:48)
current time: dec 24 2013 2141hrs est

trading is now closed.

trading will resume dec 25 1700hrs est

current indicator values:

mxr: 3.21
xf: 6.3598
xc: 7.0280
dx: 6.682025
mp: 6.6939
t: 1.191
pos: 1.3061
pl: -21.40
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pumpingmonkey
forex_trader_168526
Uczestnik z Dec 19, 2013   126 postów
Dec 25, 2013 at 03:01
almost entire account used as margin.

push with force all chips on the table.

this pair is cornered hard.

inshalla..
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Uczestnik z Jun 03, 2010   696 postów
Dec 26, 2013 at 10:54 (edytowane Dec 26, 2013 at 10:57)
Thats the ideal robot?

Take a look at Your first post. You had $218 , on next screens You have $217 (so You had CLOSED loss) , and Your Equity is more and more down.

Beside, as we can see on last screenshot, Market went around +20 pips from Your 'accurately pick tops and bottoms' . Don't You think its not quite accurate as for Forex market?

Ow, and I almost forgot - connect Your account to Myfxbook to make us available to see how long You will stand before Your account reach 99,9% drawdown .
PAMM MANAGER // Professional Fund Manager
TheSmokedAce
forex_trader_163226
Uczestnik z Nov 19, 2013   67 postów
Dec 26, 2013 at 15:00
Without using insults, here is what I see. The pair has breached the 60MA on the 4h chart, which means its no longer a sell, and in fact pretty much ranging. Also, I would be very careful to play with such a exotic pair during high spread season. Im sure the extra spread alone is killing lots of margin for you.
pumpingmonkey
forex_trader_168526
Uczestnik z Dec 19, 2013   126 postów
Dec 26, 2013 at 16:15
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CURRENT VARIABLES:

MXR: 3.2175
XF: 6.3394
XC: 7.0054
DX: 6.660513
MP: 6.6724
T: 1.190
POS: 1.3276
PL: -5.63

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pumpingmonkey
forex_trader_168526
Uczestnik z Dec 19, 2013   126 postów
Dec 26, 2013 at 17:49
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in a very calm situation, the spread will eventually return to approx four pips.

spreads were, if i remember correctly, up to twenty five pips.

spreads have now returned to 5.5 pips.

this pair is very hard pushed into a corner and can not move up.

takeprofits have been set at the two hundred pip level.
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Uczestnik z Nov 21, 2011   1718 postów
Dec 26, 2013 at 20:57
pumpingmonkey posted:


this pair is very hard pushed into a corner and can not move up.


Experience will teach you that market can do what it wants when it wants.
Uczestnik z Jun 03, 2010   696 postów
Dec 26, 2013 at 21:02
CrazyTrader posted:
pumpingmonkey posted:


this pair is very hard pushed into a corner and can not move up.


Experience will teach you that market can do what it wants when it wants.

Totally agree!
PAMM MANAGER // Professional Fund Manager
pumpingmonkey
forex_trader_168526
Uczestnik z Dec 19, 2013   126 postów
Dec 27, 2013 at 02:36 (edytowane Dec 27, 2013 at 02:40)
CURRENT POSITION IS 1.05 LOTS SHORT AUDNZD, @ ONE DOLLAR PER PIP APPROX WITH AVERAGE ENTRY PRICE OF 1.08916333, TAKEPROFITS SET AT 1.0700 FOR A PROFIT OF 191 PIPS.

REGARDS.
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TheSmokedAce
forex_trader_163226
Uczestnik z Nov 19, 2013   67 postów
Dec 27, 2013 at 09:29
I have learned over the years, that it is better to go with the trend, and NEVER to avg out your position, once your initial SL is hit, get out, with a minimum of 28 pairs, there is always action
pumpingmonkey
forex_trader_168526
Uczestnik z Dec 19, 2013   126 postów
Dec 27, 2013 at 11:05
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NEW BASIC OPERATING RULE FOR THIS THREAD:

NO MORE WISDOM FROM YOU.

NO MORE EXPERIENCES ADVICES FROM YOU.

I DO NOT SEEK OUT YOUR EXPERIENCE.

I DO NOT SEEK OUT YOUR WISDOM.

KINDLY GIVE THAT CHILDISH BULLSHT TO SOMEBODY THAT ACTUALLY WANTS IT.

THE THREE ENTITIES THAT HAVE POSTED IN THIS THREAD SO FAR HAVE BEEN BLOCKED BY MYSELF.

I DO NOT ENJOY TO TAKE ACTION SUCH AS THIS BUT I CAN AND I WILL AND I DID.

INTELLIGENT RESPONSES FROM INTELLIGENT PERSONS ARE ALWYS WELCOME.

OR JUST SIMPLY DO NOT REPLY.

TRADES ARE IN PROGRESS.
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Uczestnik z Sep 29, 2012   5 postów
Dec 27, 2013 at 12:20
Sorry man... What you just did is really ugly and it is just the image of what you are.

A little child frustrated because market is not doing a double bottom as you expect.

1 trade at a time as you said... so it's been a week AUDNZD has ranged from 30 pips and you expect 200 pips... while EURUSD, GBPUSD EURJPY... and so much more have just jumped 200 pips in 4 hours.

Good luck at trading picking the wrong top and bottom on the wrong currency pair little monkey!

Ps: Thoses traders that have posted here... it was just to help you out. Grow up... and your performance should increase.

Uczestnik z Dec 15, 2010   795 postów
Dec 27, 2013 at 16:37
Yep! and a Grid EA with a wide spread would have made a profit ( althought a dangerous setup).
Click on my Name to see My Live Charts and Bio.
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