robw135's Posts | Myfxbook

RWFXM - KINGDOM in Trading Systems Aug 21, 2010 at 22:00

Very true, the last hundred years have seen more progress then all the recorded history before that put together, at this rate the next hundred years will be beyond imagination and I expect to see at least half of it.However,with 9 billion people by 2030 we'll need some socio-economic paradigm shift soon.R

RWFXM - KINGDOM in Trading Systems Aug 21, 2010 at 01:56

I'm sure Japanese people are very industrious people and eventually will solve their problems just like everyone else will since we have no other choice. Every country is sinking in debt, US is as well but we still have many resources that I am sure are strategically being left untapped/unexplored for until we exhaust the rest of the world....................................The technology today is so advanced and becoming even more so that pretty soon it will be just like farming where technological advances led to about 1% of the US population in farming being able to support the other ...

RWFXM - KINGDOM in Trading Systems Aug 20, 2010 at 21:11

Gill What safety? +200% national debtAging populationNo natural resourcesStagnation for the last 20 years and no end in sight Of course I am not talking about the next few hours or days but I think its a Yen bubble right now and we'll see at least 105 within the next 6 months.I am not a long term trader generally and only got stuck in this position because of my own stupid mistake. However if I was I'd put on a long position and if it goes lower only add to it. But I do not plan to trade that long of time horizon since I can't stand looking at my gains going on a roller coaster ri...

RWFXM - KINGDOM in Trading Systems Aug 20, 2010 at 16:01

USD is getting stronger against EUR which is a major currency therefore USD will be getting stronger against other currencies as well including JPY. But don't take my word for it just look at the charts.

RWFXM - KINGDOM in Trading Systems Aug 20, 2010 at 14:31

EURUSD going as expectedshould weaken the Yen somewhat

RWFXM - KINGDOM in Trading Systems Aug 20, 2010 at 00:44

GillWell, if you buy somewhere down here I'm sure you're going to make good money except with the pace that UJ is moving lately you may need to exercise your patience and don't mention it out loud as you'll probably get criticized - for some reason most traders do not understand the concept that sometimes trades need to be held for longer then few hours to develop and that there is absolutely nothing wrong with that strategy even if there is a DD during that period.As far as USD I think its going to get stronger we may be looking at wave 2 forming right now which should lead t...

RWFXM - KINGDOM in Trading Systems Aug 20, 2010 at 00:36

Except that if I listened to everyone's advice I would need to be long and short every pair that is out there.See, everyone has their own opinion and I made a decision a while ago to only listen to my own - served me well so far. As you call it "Hope and Hold" strategy is rarely necessary if you look at my history and my average holding times, and I don't need to hope I have full faith in my trades.I wish I was able to call tops and bottoms as perfectly as some other people in here so I would not need to wait for hours on average. Maybe all the smart traders that post here w...

RWFXM - KINGDOM in Trading Systems Aug 19, 2010 at 23:23

I'm so darn tired of this trade already especially since I over traded on this account and I have to look at the consequences of it everyday. About 120 pips range for three weeks - ridiculous.Its sure going to be one of the best lessons in my journal.R

RWFXM - KINGDOM in Trading Systems Aug 19, 2010 at 16:05

Or as many times as it takes to reach your goals

RWFXM - KINGDOM in Trading Systems Aug 19, 2010 at 16:01

I am still in the USDJPY if you look in the history I was trying to protect the position by hedging but it didn't go much lower so I just got out of the hedge with a loss - sometimes you have to accept those.R

Big Bank in Trading Systems Aug 19, 2010 at 05:46

Again those that have nothing to show for themselves resort to worthless talk.I don't need to fix anything, having a loosing trade sometimes is part of trading. But I wouldn't expect those who don't trade to know or understand that, once you learn that and learn to accept that without the panic your kind is spreading here maybe you can start the learning process.I probably will not be wasting my time on your pointless comments until I see your trading.Good Trading R

Big Bank in Trading Systems Aug 19, 2010 at 04:46

I wish people that talk a lot at least had some results to show for all that talk, good or bad at least show that you're trying to improve yourself.Talk is cheap, why don't you people start trading and show us how its done, being sarcastic doesn't teach anyone anything and I think most people got your sarcastic comment the first time - no need to repeat yourself again and again.R

Big Bank in Trading Systems Aug 18, 2010 at 23:24

The Vultures have moved on. Just ignore them Pistis they will get tired soon enough and look for another prey.Although I enjoy the free entertainment they provide, its not the highest quality but still somewhat amusing.R

RWFXM - KINGDOM in Trading Systems Aug 15, 2010 at 22:17

wellA week has passed and my offer to Will still has not been accepted.I'm starting to seriously doubt in his good intentions of protecting everyone from me.On the other hand, when people are shown how wrong they were they usually become very quiet and that is the only thing that can explain the silence on his part.Anyway, since you folks had your fun and I definitely had mine reading how you would fight for some to accept your way as the one and holy way especially trying to convert someone as ignorant as myself, I am planning to delete all this garbage from this system. Yes, I expect som...

RWFXM - KINGDOM in Trading Systems Aug 12, 2010 at 01:21

One last comment from me.Patience. That was an exception indeed and everyone involved in that account agreed. Dow Ind. and everything else does not fall 900 point in 10 minutes exactly every month.WinnieI don't do adding in HOPE ok, If I add its only because my initial position has been opened too early in the trade and now I see even better opportunity. Unfortunately many times its hard to say when the top/bottom of a move has occurred. Here is avouch for you.All VisitorsMost of your comments I respect and understand where you're coming from. However, I decided to stop commenting here...

RWFXM - KINGDOM in Trading Systems Aug 11, 2010 at 22:35

Maybe there is some confusion here.The account is not blown, some positions were liquidated to preserve margin, that is all. I expect it to recover soon.You're right it is all about capital preservation.Sad about Pistis I had few conversations with him, but maybe he made his money already and bought himself an island far away from us all.I will keep trading, regardless of what happens. Overall I have a positive year and I intend to keep it that way.I only trade OPM because I have been asked to. If no one ever asks me again that will be fine with me as well, I will still trade my funds and...

RWFXM - KINGDOM in Trading Systems Aug 11, 2010 at 20:04

ZebraHere is another vouch for youI can take criticism as long as it is sound and based on facts. I understand everyone has different philosophy in trading and I have mine. At the moment I am very happy with my philosophy as it seems to outperform many others and I plan to stick to it no matter what anyone says. Obviously I am going to look at what happened and make corrections next time but this time I was simply too greedy, I though I had that under control but I guess I was wrong. I understand that investors don't need more then 10% monthly but like I said I trade my money along theirs...

RWFXM - KINGDOM in Trading Systems Aug 11, 2010 at 19:41

FomaccMy money trades along investor's money, I win when they win and I loose when they loose.I do not plan to delete the system, this system will recover nicely and in few months this DD will be hardly visible on a the curve.R

RWFXM - KINGDOM in Trading Systems Aug 11, 2010 at 17:27

BTW I understand that vultures are having fun now when my account is down - please enjoy while it lasts.R

RWFXM - KINGDOM in Trading Systems Aug 11, 2010 at 17:22

Zebra Thank you, good luck to you as well.However, please read the comments carefully, I mentioned an annual cycle only with reference to having a strategy proven during a full year not each trade. One has nothing to do with the other, my trades last from few hours to few days on averageand they are very accurate so yes I do have faith in them and don't need to run SL at 20 pips. I don't guess my trades and therefore don't need to SL like most people - "well maybe this will go my way but if it doesn't lets put a SL here" Maybe I'm overconfident but that is my pro...

All Quotes
AUDUSD	0.65301	USDCHF	0.91325
EURJPY	166.73	EURCHF	0.97888
EURGBP	0.85664	GBPJPY	194.627
EURUSD	1.07189	GBPUSD	1.25129
USDJPY	155.54	USDCAD	1.3673

EURUSD	1.07189	GBPUSD	1.25129
USDJPY	155.54	USDCAD	1.3673

Posts by forex_trader_5776