Splexin's Posts - Page 2

Contest - Splexin in Trading Systems Feb 28, 2012 at 05:38

To those who recently signed up, I just woke up so you should have your personal area opened in the forum shortly 😄Not liking the tiny profits of my open trades though 😁

Contest - Splexin in Trading Systems Feb 27, 2012 at 20:13

LOL I actually just opened my platform and kicked myself for not exiting my open trades a few hours ago when they moved 80 pips each in profit....now I'm only up 40 each 😁 Oh well, stops at breakeven anyways so I'll wait and see......$6000? Man that is pretty rough, might should've stopped and did some evaluations at the first $2000 lost....oh well live and learn....For awhile I had a signal service but it was a distraction and kept me from trading in my prime so now I just operate privately. I do have a personal "mentorship" program in which I teach my "meth...

Contest - Splexin in Trading Systems Feb 27, 2012 at 10:36

My equity/balance line is starting to look like a DNA strand 😁

Is what's happening in the contest even remotely possible? in General Feb 25, 2012 at 11:22

The main idea of OP's topic was gaining 3000%+ in 1 month using $50,000 real money. Statistically it's near impossible. I have yet to see anyone do it and if you know someone who has please steer me their direction. Like I said, if they existed SOMEONE would know about it because every major financial firm in the world would be trying to hire them. Heck, their own broker would try to hire them.Micro accounts are a very different story-- far less risk-- though $500 to $25K is nothing to scoff at. 😲In re your second post-- BUT.....did they gain thousand %'s in a month????? Th...

Is what's happening in the contest even remotely possible? in General Feb 25, 2012 at 04:42

Alpari held a contest like that.....wish they would host one here 😄

Contest - Splexin in Trading Systems Feb 24, 2012 at 03:28

No EA.....100% manual trading 😉

Contest - Splexin in Trading Systems Feb 23, 2012 at 07:20

Thank you for the kind words. I have been in forex for quite awhile and do have an extremely simple yet obviously profitable technique. The key is to not watch your trades-- you have to trust your decision to take the trade and let the market do its thing. That's why you have a stop-loss and a take-profit. If you planned on watching every tick then why use them. Some of the best trades on my real accounts have occurred while I was sleeping! 😁Based on my calculations I'm pretty sure that I'm not going to win, but I never expected to rank where I am now.....so I'm not goi...

No trade days in New Traders Feb 22, 2012 at 17:25

What days you choose to not trade should be based on your trading style and strategy.I usually avoid Fridays and days of bank minutes or Interest Rate decisions. Believe it or not, some of my best trades have been on Sunday evening 😁

Contest - Splexin in Trading Systems Feb 22, 2012 at 13:42

Another lesson in waiting until your trades hit profit targets 😳 Would've topped $400K by default.But anyway, I can't wait until I finish this project so I can go trade on my real account 😝

Contest - porquilho in Trading Systems Feb 22, 2012 at 10:43

Poor German PMI and dovish BoE.....no dreading here 😉

Contest - Splexin in Trading Systems Feb 22, 2012 at 10:40

BTW this is same system I trade live except w/better MM 😉

Is what's happening in the contest even remotely possible? in General Feb 22, 2012 at 09:03

Forex market was open to retail traders in 1997. But 15 years later, this so called "easy" feat has still not been proven by anybody to my knowledge...even with the advent of high-performance computers and sophisticated programmers....If you start trading 10-20 lots at ANY broker you will encounter major slippage and off-quotes that will make it extremely difficult to repeat what people have been doing on demo. I have heard from individuals at firms that trading 50 lots can even take several minutes to fill or close.I think it would be wiser to focus on more realistic gains, in my op...

Is what's happening in the contest even remotely possible? in General Feb 22, 2012 at 05:49

The short answer is no.If it were possible, that individual would make headline news and everyone would know about them by now. I have seen someone work hard and double a $25K deposit in 1 month, but 100% gain is not nearly as unrealistic as 3000%.

Contest - Splexin in Trading Systems Feb 21, 2012 at 02:56

GBPUSD ripe for the shorting, I'm actually hoping for a deeper retracement. Too bad this isn't real $$$$ 😁

Contest - Splexin in Trading Systems Feb 16, 2012 at 09:47

Appreciate the kind words.....actually would be up a good $30K-50K+ more had I just let recent trades hit their targets. 😄This might sound cheeky but I really haven't put much effort into trading. Maybe glance at the charts for 5 minutes a day? Because it's monopoly money and the leverage is so high I'm not all that "involved" per se.Probably luck more than anything. 😁NZD was obviously overbought and even their central bank agrees it is overvalued.....actually got burned a bit on my AUD trades as I sold immediately BEFORE the Interest Rate and price shot u...

Looking for a good forex broker.. im in Canada in General Feb 15, 2012 at 00:10

This makes no sense to me....I would think being a Canadian resident, having a Canadian broker would be easiest for taxes and what not. Is there a reason you recommend against it? OANDA is headquartered in Canada and accepts traders in Canada as long as they have Canadian bank account. They are regulated by the IIROC and all customer funds are protected the CIPF. I am in the U.S. and have been with OANDA for 2 years now....no problems ever....best broker I've ever used.....best spreads I've ever encountered.....

Only Real Money-Making Traders Apply in New Traders Feb 09, 2012 at 22:42

Most banks, not all, trade only at the top of the hour on the Hourly chart. They take an institutional perspective (trading by Daily, Weekly, etc) but because the market is so big, every hour one or more banks are making a move (I'm talking high volume sessions, London and NY). I know this because I know a guy who traded for a European bank.It's unreasonable because it's too small and insignificant to prove profitable over the long term. Spreads don't only widen during news....if you're shooting for such a small target you're paying more spread then you need to. Why wou...

How many pips should a reasonable trader make a month? in General Feb 09, 2012 at 19:10

I don't understand why anybody bothers with martingale systems....they don't work unless you have infinite funds. 😐

Only Real Money-Making Traders Apply in New Traders Feb 09, 2012 at 17:05

One thing about backtesting, since you are looking at the past, it is worthless as an indicative tool of the future. I only rely on what works in the real-world.IMO, Those stops and targets are way too tight. That's like something you would trade on a 1 minute chart. I'll repeat what I said earlier-- scalpers do not make a living in Forex. I've seen a number of members here who would argue against me (or those who think EAs are profitable in long-term...LOL....they aren't) but I just laugh all the way to the bank. The idea of a forex robot or making $500 in 5 minutes being so &...

How many pips should a reasonable trader make a month? in General Feb 09, 2012 at 03:57

You can have a zillion pips but if each pip is only worth $0.01 then that "reasonable number" is moot. It all depends on your position sizing. I have been trading Forex full-time since 2010. My best month (ever) was 657 pips. That was last May. I've had times where I made 300 pips in one week and months where I only netted 100 pips. Just gotta go with the flow. To answer your question, I think netting anywhere between 300-500+ pips a month is good.😄

All Quotes
AUDUSD	0.6505	USDCHF	0.91362
EURJPY	166.721	EURCHF	0.97931
EURGBP	0.85744	GBPJPY	194.414
EURUSD	1.07188	GBPUSD	1.25001
USDJPY	155.529	USDCAD	1.36995

EURUSD	1.07188	GBPUSD	1.25001
USDJPY	155.529	USDCAD	1.36995

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