trading is hard... no tears!
out of the plantation
out of the plantation
Osiris
EURUSD will fall to 0.98 by end of year. Reason : EU has a massive surplus account...larger than China's , coupled by high unemployment , QE will be deployed. EU will drive new growth in the coming decade . EU will be the new china. IMHO
· 3
Osiris
Tiecheng Fu
How to evaluate a trading signal?
Hi guys ,
I just get the post from a forum .
here is the quote :
1 : You have to look at reputable brokers where you fund the account (NFA or FCA ? scam broker?)
2 : You have to see the AUM of the fund, is a 500$ account or 5000$ account, this is an important factor also.
3 : Usually PAMM performs better than signals, less technical problems like trades not copied or slippage.
4 : Do not look only at the profit : In general grid or martingale systems seems they gain a lot, but one day ( without advice you ) the account is destroyed totally.
5 : Be realistic with yourself : If the best Hedge fund traders make 30-50% a year how can you pretend more? You can have more if your risk is incredible high!
6 : Strategy : The best strategy most of the time are FLAT. So they are very selective, you do not have to stay always with open positions in the market.
7 : Try to not follow the mass... the most popular strategies have drawdown of 50% and more... and the mass, the 95% of people lose money in this game.
Hope helpful to you !
Hi guys ,
I just get the post from a forum .
here is the quote :
1 : You have to look at reputable brokers where you fund the account (NFA or FCA ? scam broker?)
2 : You have to see the AUM of the fund, is a 500$ account or 5000$ account, this is an important factor also.
3 : Usually PAMM performs better than signals, less technical problems like trades not copied or slippage.
4 : Do not look only at the profit : In general grid or martingale systems seems they gain a lot, but one day ( without advice you ) the account is destroyed totally.
5 : Be realistic with yourself : If the best Hedge fund traders make 30-50% a year how can you pretend more? You can have more if your risk is incredible high!
6 : Strategy : The best strategy most of the time are FLAT. So they are very selective, you do not have to stay always with open positions in the market.
7 : Try to not follow the mass... the most popular strategies have drawdown of 50% and more... and the mass, the 95% of people lose money in this game.
Hope helpful to you !
1
Osiris
going through the signals... tab...seems the slide in EURUSD has killed so many accounts...
· 4
Osiris
+25 pips collected on gold during London Session.
Technically i have met my day's target.
My game plan is to consistently make a NET of 20 pips per day...
in 1 year using power of compounding i will make $1.2million dollars.
Technically i have met my day's target.
My game plan is to consistently make a NET of 20 pips per day...
in 1 year using power of compounding i will make $1.2million dollars.
· 4
Osiris
2014.10.07
Thanks tamar..i can do this... " Money does not make pips , pips make money " :-) I wish you all the best to my brother
Osiris
+200 pips on gold
· 4
Yohana Parmi
2014.10.06
amazing ... good work.
I can't do anything on M1, not about technical, but about my bad psychology :)
I can't do anything on M1, not about technical, but about my bad psychology :)
Osiris
2014.10.07
i use multi-timeframe analysis... ride 1hr trend... 1min chart for entry and SL management
Osiris
NFP stopped me out of Dow and Gold trades.. i quickly corrected my error and made some money. A trader a to be flexible in microseconds.. life and death depends on such real time decisions. Guess that is why most people don't make in it trading.. they cannot make quick decisions under pressure..
· 4
Osiris
If Gold breaks 1205 to the downside.. it will crash to 1180...ose for now its a bit oversold IMHO
· 3
