Fxwarrior:


I posted this Alert for transparency purposes. The man that requested for it here agreed to pay me #15000 if it delivered only to turn around saying he received a margin call due to using big lotsize.

Let no one here contact me unless he/she is willing to pay #5000 for 200 pips beforehand. If you are interested, quote me.If not keep your peace, while I keep my Alert.As simple as that.

ufotty2001:
scammer!! Please beware of this guy

Feshizzy:

Trying to scam people to feed you and your family is never a noble gesture.
Get your sh!t together

teemy:


Guys, any proof to his being a scammer? He has since come out as a trader with skills without access to funds. Unless otherwise proven, you just might owe someone in need of help an apology. Let's not be too hasty in making a thor swing.

PIPnator:
The new Fed Chair due to talk in a couple of minutes.
I hope he doesnt ruin my USDCAD buy. I bought it from last friday.
The entry wasnt too good. It had about almost 40 pips drawdown.
I posted the chart last week while we were waiting for price to touch or break the trendline. Also, I mention when its broke.

priceaction:
Did anyone notice where cable and eurusd started their downward movements today? Just at the rejection of monthly/ weekly resistance respectively. Go figure out. Though I had my good share, earlier, but how I wish I can just get more screen time today. Just the type of day I have been waiting for. I just missed the party small.

friendbee:



just be satisfy with little. bears take a little, likewise bulls BUT PIGS get slaughtered.

redsox11:
I've been teaching a friend how to trade forex, he is pretty new and doesn't know a lot yet. He is good/learning different terms and few other things I think is important.

Set up a demo account for him to run, gave him what to look out for and trade. I'll see how he can follow simple set of rules at the end of the month.

You do know some find it very hard to follow simple rules, they get jumpy when the market is moving and forget about the rules to follow.

I'm not being mr nice guy though as I'm also using him/opportunity to test out some ideas I have but can't work with right now.

redsox11:
Simple rules ;
15mins TF.

Find Bias, simple things to look for,
Wait for set up, 1 trade per pair, 2 max.

Watchlist, 3-5 pairs to watch...

Trade management, split trade... SL = 5-7pips , TP = 50 / 100 pips.

Breakeven after some good move away.

R:R -- 1:10 ... 1:20

I'll try to report his progress when I can.

Ps: Sample chart below. Don't get carried away most won't turn out that way.

redsox11:
Brokers' stats show that retails traders enter in the correct direction in 60% or the cases. So why do they lose? Their loss are twice bigger than their gains. "They lose more money on their losing trades than they make on their winning trades."

redsox11:
I've been teaching a friend how to trade forex, he is pretty new and doesn't know a lot yet. He is good/learning different terms and few other things I think is important.

Set up a demo account for him to run, gave him what to look out for and trade. I'll see how he can follow simple set of rules at the end of the month.

teemy:
[b]* sighs *[/b]hasty haste, temper, temper. hope all is fine dear feshizzy. wishing you well luv.

redsox11:


Update…

The result is “poor” , he got emotional a lot and didn’t follow my instructions to the latter. With what I gave him to start with, he should be able to get close to 50% of his trades to breakeven. He's so happy to call me and tell me his first demo profit lol.

The goal and instructions I gave him should get him close to 50% breakeven trades. I don’t care about his winning trades. I know those will come eventually.

I think a lot of scalpers/ day trader can be so profitable if they can get their trades to 40% — 60% to breakevens.

If you can do this , all you need is to skewed the R:R to your advantage. THINK ABOUT IT…

Consider the pic attached; He is new to forex and can do this with some little instructions, consider with your experience and all, you should be able to do little better, don’t you think ?

You need a strong mentality though, to hang in there and continue after those small losses and breakevens.


Ps: Total trades is close to 30 trades and he could only get 7 or 8 to breakeven. It’s way off… He should get close to 15trades to breakeven. He’s pretty new so I’m not going to be so hard on him just yet.

He is lucky though as he didn’t start off learning junks on forex.

priceaction:

Bro, those trades are recipe for future disaster for a newbie.
30 trades for just 4$. He will be paying brokers commisions and free money.why cant he just trade on 30 mins chart, and study a trade per day.If he deposit , he will blow that account away faster.Just a friendly advice for the fellow.

redsox11:


How long you recon he is going to blow the account ??

Bro, those trades are recipe for future disaster for a newbie... How so?? though he could do better getting more trades to breakeven as I mentioned in earlier post.

30 trades for just 4$.... That's the main problem with retail traders, get rich quick mindset.
He is got only 1 profitable trade, account balance is + $4 ... If he had 2 profitable trades and account balance is +$ 404 dollars would that be killer and very fine and profitable system to you? THINK ABOUT IT..

FX is no SPRINT, people should really let this sink in, it's a MARATHON.

The account 7days old account. He might blow the account , it's for learning purposes, with my help and instruction , It will be hard for that to happen but possible.



Ps: Good conversation, keep it coming , we can share opinion and how others see things, agree to disagree.

PIPnator:
Update on oil 4hrs chart.

Hope someone is actually benefiting from my posts.
The previous EURGBP I posted is doing good. Mine is doing more than 15pips. I entered late.
The NZDCHF is doing more than 60 pips. I missed that one. #Painful.

Shevychen2:
@Redsox.. Don't think @Priceaction meant any harm

My own grouse with the history is the 4-5 pips SL on GU,GJ, EJ etc.. Even if trading off a 1 minute chart, I'd think 10-20 pips will be a better SL to actually say the trade failed. UJ, EG, EChf are some pairs where such tight SL might work. I'd love to know how many of those trades that hit 5 pips SL went on to be winners. Or how many of them would have been profitable if he reduced lost size to 0.1 and increased SL to 20 pips. Under current methods, 5 straight losers (just 25 pips) gets him on -10% of his account and that could happen in a day. Scary for me.

Anyways, that's just me looking at it from my "enough wiggle room" style..

Feshizzy:

I'm madily mad when people think they can play on people's intelligence with consequences.