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Forex Version 10, Foreign Exchange Market Discussion
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Sham903n
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 Jun 28 2012, 07:06 PM
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try this.. but at your own risk, open a instaforex account (sorry im not familiar with 5 digit point trading so might not work properly with other broker..) load bollinger bands.. then trade with USD$100, as soon as any touch outer bands go in 1 post 0.01cent, then put a pending 10 pip away at 0.02 cent, 10pips away from 2nd post pending 0.04, 10pip away from 3rd post pending 0.08 and so on (dont miss any all they way until reverse, like any business you will not be profitable some days). you might want to do a script for this. touch upper band enter sell... touch lower band enter buy... but remember the bollinger rules... alligator mouth open means dont enter... etc... remember this is not long term strategy.. profit.. get out! lemme know if you profitable (and lost too hehehe).. remember at your own risk
goodluck!
This post has been edited by Sham903n: Jun 29 2012, 09:47 AM
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Sham903n
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Jun 29 2012, 02:26 PM
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spiking like crazy. 100 usd a pip will be awesome bonus..
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Sham903n
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Jul 15 2012, 12:11 PM
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QUOTE(wodenus @ Jul 14 2012, 10:42 PM) I can honestly say I've never seen anyone make any serious money in retail forex. It doesn't mean you can't, I just have not seen anyone do it, although some people have tried to prove it to me, they don't seem to have succeeded. "retail" forex? sure can lah.. just see all the foreign exchange counter here and there in malls.. hehehehehe |
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Sham903n
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Jul 16 2012, 06:02 PM
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QUOTE(wodenus @ Jul 15 2012, 12:40 PM) Yes "retail" forex, as opposed to hedge funds, who trade in millions and don't have to worry about margin  it looks possible and it probably is, but so far I have not seen anyone make more than what they would make working in a fast-food place at Rm5 an hour Ive met some, they look like they work in fast-food RM5 an hour thou... some even leave their merc in the mall parking area and take bus going around cause they have nothing much to do.... not working.. not shopping.. but walk..take bus... sit... go eat food.. go back home... trade.. sleep.. boring.. i guess thats what level 5 trader do... if they dont have hobby their trading style only trade max 2 hours per day with a minimum USD100,000 account with USD40 a pip..  This post has been edited by Sham903n: Jul 17 2012, 12:19 AM |
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Sham903n
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Jul 16 2012, 09:16 PM
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QUOTE(wodenus @ Jul 16 2012, 07:43 PM) Funny.. got Merc why park it? don't make sense unless you can't afford the gas to drive around. Like I said in the other post, if you have $100,000 that you don't mind losing if the broker goes bankrupt, then it's easy. If you've got a $100,000 account, and the broker goes under, then you might have problems managing risk in trading is one thing, how do you manage the risk of the broker disappearing tomorrow? yeah i guess he cant afford to pay gas even with 10 pips a day.. |
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Sham903n
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Jul 17 2012, 11:56 AM
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QUOTE(wodenus @ Jul 17 2012, 12:49 AM) I wonder what the gas and maintenance costs of that thing is. And who can guarantee to make 10 a day, is that possible?
Added on July 17, 2012, 12:51 amYes. broker default risk makes this a very risky game. It would be cool if they insured investments yeah my point is.. there is someone like that |
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