Posts de paulng | Myfxbook

Seeking Forex Investor em Negociantes Experientes Apr 22, 2012 at 22:26

You look at my account size. I can only afford $10.But you see, I just did a quick calculation. If you double my money every month as you claim, in 24 months, the $10 will be more than $80 million! So can you accept my $10? I'll gladly share 40% of the profits with you.Dude, I was only joking earlier. You want to seek investors with a grand total of 9 trades? Your track record is not verified, and neither is your trading privilege. You say strict management with no more than 30% drawdown? Let me teach you how to look at myfxbook statistics. You click on your own trading account, instead of...

Todays a good day to sell some Euros: em Negociantes Experientes Apr 22, 2012 at 19:51

Hey Raiden, wanna meet? I'm trying to arrange another get-together with 2 other traders, say end-april? I'll message your mobile.Btw, my robot went short on that same day, that's why I responded to this thread. Locked in risk free then got kicked out at +1 pip. Then the robot went long and got kicked out at +19 pips. Sad volatility. If Ben really went short at his blue zone, he'd be tossed around by the market.

Seeking Forex Investor em Negociantes Experientes Apr 22, 2012 at 19:43

^ ^if I every become a ultra high networth, I'll throw in that 100k just to try my luck with you. in the meantime, wish me luck in my journey to profitable trading :)

Todays a good day to sell some Euros: em Negociantes Experientes Apr 18, 2012 at 21:57

sounds like your plan is all set, but I'm curious, if today is a good day to sell Euro why don't you just open a short position? by the time the price reaches your blue sell zone, you'll already be having 30-40 pips profit to easily lock-in some profits or be risk-free in the worst case scenario.

I am looking for an investor em Geral Apr 15, 2012 at 18:52

sorry dude,Too risky. Your TP is about 1-5 pips, and your SL is 200 pips. That's a time bomb waiting to explode. In fact, you are holding onto a very large position at risk of blowing up your whole account. You Long at 1.3221 on 4th April at a size that is several times your median size, and refused to take the loss near -200 pips. Around that time, you had so little margin available your trading size reduced to 1/100 the size of that single bad trade, then when the market came near your entry price, you did not close the position when it was about -10 pips. I guess the reason why you refu...

"Xenon" System, trading with 1min Chart. em Negociantes Experientes Mar 15, 2012 at 19:34

Hi Steve,First of all, congrats on your consecutive winners. The pictures are rather "intense", and got me confused. Your vertical arrows measure the zig-zag high-low distances?You doing a Fib fan + retracement combo? Or some quant method based on the various real-time measurements on screen? It's always refreshing to see proprietary EA in action. 😀Yeah, Eur looking for direction. I'm guessing a retest near 1.34, fast and furious price action if I'm right.Cheers,Paul

What strategy can be used for such a situation? em Negociantes Experientes Mar 11, 2012 at 13:37

Hi Sebastian,Thanks for the suggestion. Visually on that picture looking from left to right, it's about 6 wins to 4 losses, at reward/risk slightly greater than 1. Any suggestions from other readers?

Forex Breakout Strategy: Simple Trade, Simple Profits. em Negociantes Experientes Mar 10, 2012 at 18:33

Ezekiel,I've not replied to any of your posts, but I feel I need to reply to this one, as some of your concepts may bring harm to readers. I suggest you have more discussions with your mentor in the area of technical analysis. Even with the benefit of hindsight, I find your explanation very hard to accept. I'm not trying to discredit your effort, but I want readers to have a clearer understanding of this topic, and start to reason in their minds why price moves the way it does.http://www.myfxbook.com/files/paulng/Technical_Analysis.jpgEverything is about probability and possibility. I&...

What strategy can be used for such a situation? em Negociantes Experientes Mar 10, 2012 at 16:41

http://www.myfxbook.com/files/paulng/Volatile_Range.jpgHi everyone,I'm trying to code a strategy that can be effective in the situation shown in the picture attached. For discussion purpose, let's call it a "volatile range". The picture is on a 1-hr chart. At a longer time frame, it will look like a normal range. At a smaller time frame, it will look like a nice trend. Please don't tell me to zoom into a smaller time frame and code a trend strategy, or go to a longer time frame and code a range strategy. I'm trying to solve the situation as illustrated, because it can...

EA vs Managed Account? Pros vs Cons em Negociantes Experientes Mar 10, 2012 at 15:56

In a sense, humans are far better than the EAs available today. But we do get tired, emotional, distracted, and we need time with family and friends, and to sleep. So the robot becomes a very good assistant in our daily activities. It does not argue or play office politics, will not resign, cannot steal our business or customers, and it maintains 100% discipline and risk management.Risk management alone is the golden rule that cannot be broken. If you just make a careless mistake and exceed your permitted risk, your career is over. EAs, managed accounts, manual trading, they all have their pro...

The Main reason Why Forex Traders Fails. em Geral Mar 10, 2012 at 15:05

I'll have to agree with the good advise posted by the experienced traders. I must admit I have no idea where the market is going to go next, because I don't have the ability to look into the future. All I know is to react, manage my open positions, and control my risk.For those that strangely believe they can forecast and place their over-leveraged bets with fond imagination, I'll love to win over their accounts. Hopefully this 2cents nugget adds on to the list of reasons traders fail.

EA vs Managed Account? Pros vs Cons em Negociantes Experientes Mar 06, 2012 at 12:44

Hmm... most forums already have debates on the pros and cons, so I'll just give my 2cents worth in a very short summary.1) EAs that are stable, profitable, and sustainable, will never be for sale. Readers should write their own EA, or collaborate with others to develop their own EAs and systems.2) Managed accounts are definitely better than buying an EA. When choosing a managed account, the broker and websites such as myfxbook have the trade log and can match with exact magic numbers, and trace the entries, SL, TP, order modifications. So, if the system gets a lot of attention and more mon...

EA vs Managed Account? Pros vs Cons em Negociantes Experientes Mar 05, 2012 at 08:15

Interesting topic and questions. If you get many detailed answers and insights, you'll uncover a lot of dirty secrets in the forex industry :)

How do u react, the moment your trades hits stoploss? em Negociantes Experientes Feb 29, 2012 at 16:38

Accept the loss and plan the next trade. One trade doesn't make a trader, but one stubborn trade can blow a whole account, bring down a bank or company.

Portfolio Manager em Geral Feb 29, 2012 at 16:35

Indeed interesting.Raiden, you're allowed to open a PAMM account with USD 300 only?How do other people put money into the PAMM traders without Limited Power of Attorney, and how do the traders get paid, or the PAMM managers?Thanks for the info.

new trader - HELLO! and help em Novos Negociantes Feb 19, 2012 at 11:56

Warm greetings Callen. Nice to see a fellow Singaporean here. To be frank, none of us here are experts, and none of us here can forecast. What we do is simply reacting with discipline. Have a proper plan that suits your personality, then stick with it. You can evaluate your performance and plan say every 3 months, and decide if your plan requires any modifications.Once your system rides on a winning streak, your confidence will be rebuilt, but don't lose your discipline. In theory, it is as simple as that, but in reality, a lot of "human factors" get in the way. So learn to contr...

Super Scapling Abuyara em Sistemas de Negociação Feb 19, 2012 at 11:29

good trading :)

Use of martingale strategy em Negociantes Experientes Dec 22, 2010 at 12:07

I've learned a lot from you guys, and have been experimenting with multisize concepts. It seems to me that there are 2 opposing categories to multisize a position. One expects price to breakout from a range, and the other expects a retracement after the trend or impulse.I've the theoretical results of both prototypes on my blog, where there are no losing months in all the 10 years of EURUSD data. You can say that there are no losing trades if we regard the whole series of steps as one bundle position. The position begins with a small size of 0.1 lot, but requires an enormous capital of...

Market Tuition versus Educational Tuition (The Simple Truth) em Novos Negociantes Nov 03, 2010 at 13:33

Yup. great post!

US level 2 market depth & what market makers actually do em Geral Sep 19, 2010 at 15:25

I thought this thread is about market depth. I'm not very experienced about forex DOM, but I've been watching the S&P500 e-mini for years.When the mid-size players, or your broker, wants the price to move up (for example), they will load up the bid sizes. But that's just an illusion to lure others to bid above their price or short-sellers to close their positions (the retail customers). You can confirm the illusion when price reaches that bid price and the transaction volume remains very low, meaning they actually cancelled their orders. A single row of huge bid/ask size do...

EURUSD	1.13407	GBPUSD	1.3336	AUDUSD	0.63945
USDJPY	142.722	USDCAD	1.38137	USDCHF	0.82322

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