camerongill's Posts - Page 4

Is it possible to find serious investors on myfxbook? in General Aug 28, 2018 at 23:49

Another approach is to trade other peoples money via a service like The 5% ers, check out www.the5ers.comKeep in mind that they have strict rules around stops, draw-downs and are designed for many smaller trades rather than longer term so it would take longer to make each stage.There are a few other similar services out there however markets can be limited.

Want help on choosing best forex trading training tool or course in New Traders Aug 28, 2018 at 12:52

I am currently writing a course because I am tired of doing courses that do not give you all the information you need and am going to provide the exact strategy behind my system. Too many gurus bang on about how to trade yet do not provide real live trading verified results.Also, the problem with a lot of courses is that they are just marketing tools to get people to sign up to a broker or sell courses in stages starting off with a cheap ebook, then course, then mentoring etc..Another thing for those good at patterns and what I have found a really interesting thing to do is find a really good ...

Psychology of Forex Trading in General Aug 28, 2018 at 12:43

Here are my thoughts on psychology of forex trading...The biggest battle a trader has is not with central banks, not with brokers, and not with trading algorithms, it is in fact your inner voice and your trading mindset. Many traders burn out due to the fact that trading is an intense psychological battle of fear and greed and trying to preempt market behavior. Don't worry, even professional traders get it wrong more than they get it right!A great analogy, and as covered in the chapter on ‘Reality of Trading’, is that of professional golfers, only a very small percentage make a...

Forex Mentor in General Aug 28, 2018 at 12:29

I think it is a good idea not just to have a mentor as such, however to have an experienced trader who you can discuss strategies with and bounce ideas off. Mentor seems hierarchical and in theory could also be a peer. Furthermore any mentor/peer figure needs to have proven results and not just talk of a successful past.As we all know, trading forex is very much a mind-game and having a person to discuss trading with who can appreciate the context of forex trading is important.Trading forex can be a lonely gig and when you tell your friends what you do they just do not understand and often tal...

TheCurrency.Club in Trading Systems Aug 21, 2017 at 10:59

Thanks for the feedback. I don't think I am the only one having a tough month. Have just set up another account trading my same strategy on shorter time-frame, checkout CClub2 on my profile. Yes, am interested in looking at a MAM.cheers, Cameron

Combination standard plus binary options strategy... in General Jun 30, 2017 at 01:31

Yeah, am finding time is the essence. Plus I really do not trust the "market" data they use and have been comparing against MT4 market data. Am sure that if you had a huge binary position about to close that the binary market would go against you whilst the forex swap would go the other way!!So far for me it is two steps forward and one step backwards.

Combination standard plus binary options strategy... in General Jun 25, 2017 at 04:14

Hello,Would be interested to know if anyone out there has tested and successfully traded a strategy with both standard broker trades as well as binary option trades. The system I use is very much a intra-trend reversal back to main trend approach.My thinking is that on these reversals and in addition to existing trades placed it would be another form of cash-flow generation if binary options trades were also placed and of course time is the essence with the binary trades.Am about to start live testing and if interested please get in touch as I am thinking of setting up a slack group for like m...

TheCurrency.Club in Trading Systems Jun 20, 2017 at 05:12

Thanks Ovison and L3CAP,Been a quiet month this month and trying to get some trades in. However is better to sit on my hands than jump into trades that I regret.The other thing to keep in mind is that I only trade Asian session. This helps avoid volatility.regards, Cameron

Forex trading for cash flow.. in New Traders Jun 19, 2017 at 07:36

The majority of us get into forex trading to make money, no questions. However making money needs to be examined and broken down further as it can be viewed as building an account or as generating cash-flow. Firstly though, for all the newbies I need to stress that forex trading is not a one-way ticket to an opulent lifestyle, exotic cars and waterfront mansions. Do not believe all the spruikers that say ‘do my training course and in 6 months you will be living off your trading’ or ‘buy my system and make 100% per month on your account’ - it is all rubbish. Even the p...

Learning Forex Trading in New Traders Jun 10, 2017 at 06:01

Still there are many people entering forex trading with the concept that after a bit of training they can make a full-time living. This is not the case.The analogy I like to us is that of professional golfers, only a fraction of a percent of golfers make the big dollars, a couple of percent make a decent living, 5% to 10% break even and the remainder and majority lose money (after costs). Same with forex trading.Even after doing courses that cost thousands of dollars they find that only 50% make money and the majority do not make much.The other thing I think of is that during the gold rush, th...

Intraday Trading is gambling in New Traders Jun 03, 2017 at 05:04

If you look through the Anton Kreil Institute of Trading and Portfolio Management Youtube channel you will hear them say that intra-day traders are idiots. However their approach is quite different than mine, they are long term across multiple instruments and all about finding trade ideas and hedging positions.Actually, Anton came to Perth a week or so ago and I paid $30 to go and listen to him in a 2 hour seminar. 20% of the seminar was content (about their traders and trading profiles) and rest was selling the institute, training and mentorship. Don't get me wrong, I respect the guy, but...

EA That Trades only in the Asian Session in General May 30, 2017 at 00:23

Hey there,Here is my system - https://www.myfxbook.com/members/camerongill/thecurrencyclub/2032633I only trade during the Asian session for the reason that I am at work (in Australia) and have charts open infront of me all day, by the time I get home am too tired to trade!Am working on more history and I guess some people would say it is grid trading as I open multiple positions if the price goes against me, however I do also apply a filter to reduce the chance of getting into trades that keep going and do not reverse in my favour.cheers,Cameron

Have you tried trading silver? in General May 28, 2017 at 08:03

Be careful with silver, there is actually a lot less liquidity than in forex.What I found was that when trading silver my forex systems worked, however needed to extend the timeframe from hourly to H4 and Daily.Also don't believe what you see on those forums such as Silver Doctors, it is all hype crap and they have been talking about silver to $250 an oz for years.Whilst I hold silver bullion, I will not trade spot again as it is too easy to lose your hard-earned profits.cheers, Cameron

I came here to learn how to develop my own EA's in Programming May 28, 2017 at 08:02

Check out Molanis strategy builder. It is priced well and does save a lot of time.www.molanis.comThere are a few others out there that have come and gone whereas Molanis has been around for quite some time.Please note that I am not an affiliate of this software, I am someone that looked high and low to find a custom EA builder and this one ended up the top of my list after reviewing what was available.cheers, Cameron

Gold Trading in General Dec 20, 2016 at 07:49

Not sure what you area meaning. Check my account, I am only trading XAUUSD and XAGUSD pairs.

Gold Trading in General Dec 19, 2016 at 07:45

Mate, I cannot see that trade on my charts.All I can see is a short term bullish +sideways movement for the moment.Don't want to look any further into the future than that!cheers

Gold Trading in General Dec 15, 2016 at 07:36

How did the gold traders out there fare with the interest rate rise?I was in a short silver trade 8 or so hours before and closed at profit before the price came back up - phew.Then this morning after the decision and the hammering down I got a long gold trade in and just closed.It was an obvious over-reaction and am sure some traders out there would have made a heck of a lot from that trade.In a way I regret not trading it, however it was 3am in the morning my time (Perth, Western Australia).

Gold Trading in General Dec 12, 2016 at 07:52

I was going to wait for the announcement however saw a little long trade come up, so bought at 1155 and sold at 1160 a couple of hours later.Am not expecting major movement on gold on interest rate decision.Check out the igold advisor post from last week on youtube. He shows that increase in interest rates does not push gold down over time.

Gold Trading in General Dec 11, 2016 at 08:14

The gold chart looks the most bearish I have ever seen in. I feel for those seeing the YouTube videos of people like Robert Kiyosaki and Jim Rickards talking $5000 or $10000 oz gold and then jumping in now with long trades - I have done exactly that in the past and learnt that lesson painfully. You cannot trade that one as whilst it could hit those levels, it wont be this year or next year and in the meantime your investment capital is in draw-down and if you take a leveraged position the swap adds to the loss - the only people that make money are the brokers.Just finished reading the Harry De...

I love Gold Only in General Dec 07, 2016 at 11:27

Nope, I just sold gold for a few pips and got out.

All Quotes
AUDUSD	0.65036	USDCHF	0.91346
EURJPY	166.72	EURCHF	0.9792
EURGBP	0.8582	GBPJPY	194.273
EURUSD	1.0719	GBPUSD	1.24911
USDJPY	155.528	USDCAD	1.36944

EURUSD	1.0719	GBPUSD	1.24911
USDJPY	155.528	USDCAD	1.36944

Posts by camerongill