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 Forex Version XIII, Foreign Exchange Market Discussion

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bulkbiz
post Apr 28 2014, 02:18 PM

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I hardly bet in Genting nowadays, I rather open one small account with broker, bet long or bet short without analyzing. You guess what, I can win more than I bet in Genting. That is scalping for me. Sorry I am not saying people who scalp can't win, just that for me scalping has no difference with go Genting even though you made analysis. No offense, just my personal opinion. Ignore it ....
bulkbiz
post Apr 28 2014, 09:54 PM

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Great!! It's always good to hear.

Like I said, it's just my personal opinion because I failed big time in scalping ;p, so for me scalping is like gambling, that's how I name it for myself.

Again, it's just my personal opinion because I am a total BIG failure in scalping smile.gif
bulkbiz
post May 1 2014, 03:41 PM

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IB really makes hell a lot of easy money, good job.
bulkbiz
post May 1 2014, 04:54 PM

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QUOTE(tdoptions1689 @ May 1 2014, 03:46 PM)
Actually it is a true market where all real trader hanging around and becoming SP. ZULU is a platform for supply and demand, so they are the IB. We just go there, give signals and earn. The problem is are you a profitable trader. That's the point. You have the platform there, you have zero risk there, you have fund there. So it is a place for easy money but profitable trader only. brows.gif  brows.gif  brows.gif
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bulkbiz
post May 24 2014, 11:17 AM

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QUOTE(tdoptions1689 @ May 23 2014, 03:57 PM)
Pretty bad luck this week and no mood for too much comment. Gotten lock up on those YEN now and can't make my move to the Cable now. Cable has shown extremely weakness as I mentioned earlier on DAILY that point B already successful created after a BEARISH CANDLE. So, no more bullish to me and a 90% of BEARISH creating point C for a lower low. This rally might last for at least another 3 or more candles.
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Bad luck? Losing is part of the game, it's a process, no luck involve.
bulkbiz
post May 27 2014, 01:14 PM

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QUOTE(mpips @ May 27 2014, 12:26 PM)
it is still looking good and profitable with 44% gain a week!
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44% per week!!! Waooooo
bulkbiz
post Jun 6 2014, 12:13 PM

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Miss those days where everyone posted their charts, why they buy and sell. Unlike now, alien terms that only he and himself know. Too many so call "forex trader" come and go.

Everyone here is aiming high accuracy on trading, win 9 out of 10, win 99 out of 100 trades. This is so so wrong.

Get your system backtested for 10 years of data. Your losses now is part of your drawdown equity. Just accept it and go for next trade. There are no systems that can suit all market condition, your challenge is to survive during those period.

It's not all about winning, it's about how you take care of your losses period. "Winning" will take care of itself.
bulkbiz
post Jun 8 2014, 09:47 PM

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QUOTE(zDarkForceSz @ Jun 8 2014, 09:38 AM)
50% maybe only happen if you trade "Binary Options" lol.
Forex is definitely less than <33% with those Slippage, Re-quote, Swaps trick~~

To me swaps is not a problem. Sometimes I pay, sometimes I got paid.
So far never gets re-quote.
Slippage, this can never be avoided when there is huge volatility in the market.
Is patience that worries me.
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Swap and spread is too small to take into account if you trade long term trend following strategy. I personally have no issue absorb the losses on this two. That's the reason I trade forex instead of stocks.

50-50 is correct for me. However, the market has been sideways since January. I have no profit for Q1 and now is already last month of Q2. Current drawdown for my equity is -5.5%.

All I hope now is currency market to start trending, just like previous few years, which I made good profit. Again, I am long term, I have my yearly ROI, don't really care about daily profit.
bulkbiz
post Jun 9 2014, 11:43 AM

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QUOTE(tdoptions1689 @ Jun 9 2014, 10:45 AM)
Firstly, Binary Options are definitely not 50% - 50% winning rate. A lot of donk went to trade Binary Options when they only study the big picture, never notice the small picture inside. It is absolutely with 8% extra for broker, and the edge are absolutely heavier than any casino table games you have played. If you went a casino for a table games let's say Baccarat, PLAYER always have 48% - to BANKER 52%, that's why there are 5% commission or B6 on Baccarat when you stake on BANKER. So the big picture are both with 50% winning rate, where those edge come from? It came from when drawing a card, that;s where the house calculation in play. When you walked through to Roulette, the edge for house and player are 53.5% to 46.5%. The both most famous games in CASINO max edge are only less than 4% and BINARY OPTIONS are 8% of edge. So you better go to Casino rather than staking on BINARY OPTIONS. Those are only some statistical figures, not including KARATE WORKS by those broker.

Max winning rate on BO = 88% = Every 10 games x USD 10 = Capital USD 100 = Outcome Winning All USD 88.00.
But anyway, you will seldom see any 88% in BO.

So regarding someone saying <33% for trend trading, I am 100% agree on it. Yes, indeed there are a lot kind of chart such as ranging, sideways, consolidation, pullback and bla bla bla… But no one asking you to trade those lousy chart or PA. So this is the part of patience in Forex to wait for a decent setup. Nobody in this world is perfect, what for you wanna profit and chasing perfection on every kind of chart making your read became complicated when actually you can stick on to 1 winning strategy. If you wanna be a perfect guy trading all kind of chart when there is no such existing in this world, means again you can find a SHEN TOI for yourself because you are inhuman anymore. Human make mistakes, and Human never get perfect.
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Black jack edge is how much against player bro? hehe. I love bacarrat though.
bulkbiz
post Jun 13 2014, 12:22 PM

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QUOTE(tdoptions1689 @ Jun 13 2014, 10:17 AM)
What a big big hit to me on GBP. This is really good 1. Wake up with such kind of shot. Gonna rest maybe, have to stop 1st.
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For curiosity, I went to check your zulu result. Your cut losses is average at -100pips, and your TP is average at 30-50pips.

Based on math, a fact, this is not going anywhere.


bulkbiz
post Jun 13 2014, 02:31 PM

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QUOTE(Rili Toma @ Jun 13 2014, 01:24 PM)
Unfortunately math is not that simple. I would take his winning trade percentage into consideration too.
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There are numerous article out there, but let me share this

http://www.kjtradingsystems.com/winning_pe...ge_trading.html


*ps. I have no connection with this website. Just something I found online*

Time will prove, trust me.
bulkbiz
post Jun 13 2014, 09:46 PM

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QUOTE(tdoptions1689 @ Jun 13 2014, 05:11 PM)
Let's take some Live example. EUR/JPY just created a long spikes. Actual my setup will failed on 138.30. But usually I will add up another 30 pips for YEN pair so my SL putting it on 138.60. So we can see a very long spikes there almost hitting my 138.60. But does it close above 138.30 on 4H. It didn't and closed on 138.2x. My setup still hasn't failed yet but if I put the actual of 138.30, I will gotten stop out already. Of course we yet to know its outcome, but if it turn to my way now? I didn't loss the trade and regain everything with profit.

Probably many people wouldn't agree because text book didn't teach you this, but they will never know how much trade I have save with this kind of strategy.
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It is not about text book or what. It is about fact. If your expectancy is less than 0, you have no point trading, unless you aim to earn commission from trading, like IB.

Anyway, I am not speaking from no where, but I am not going to prove anyone how profitable I am. I was in this forum since 2007, so call traders come and go smile.gif Time will prove.

So bro tdoptions1689, prove to me I am wrong, hope to see you here in the future for many many years smile.gif

But one thing for sure, I am a friendly guy, I don't have any intention to hurt anyone, apologize if what I type here offended you tongue.gif or others.
bulkbiz
post Jun 14 2014, 11:13 AM

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QUOTE(lowya @ Jun 14 2014, 10:47 AM)
Look forward to your trade analysis in future  notworthy.gif
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I don't plan to do that, as I have no analysis at all. Besides, i don't see anyone here give analysis too, only buy and sell signal tips so call. I never plan to contribute anything here, I am here to kill my time. Please ignore my post. notworthy.gif
bulkbiz
post Jun 17 2014, 10:28 AM

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QUOTE(9kingsir @ Jun 17 2014, 09:18 AM)
i forget who said this.... " i miss the old time when ppl will post the analysis here more than just signals.."

or previous there is more graph..

nowadays, the market more volatile and ppl scare that their analysis fails.. let ppl laugh only.. thats y no graph or analysis shown here..

guessing number from where to where only..

to all newbies.... welcome to forex world...

a world that waiting for u to sponsor your money.. wahahahaha...
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ppl who post analysis last time now also gone case already ..........
bulkbiz
post Jun 18 2014, 11:24 AM

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QUOTE(9kingsir @ Jun 18 2014, 02:41 AM)
then this forum is dead.. no pros or sifu speaks...
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Already dead since long time ago, only salesman here.
bulkbiz
post Jun 18 2014, 03:52 PM

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QUOTE(zDarkForceSz @ Jun 18 2014, 03:23 PM)
Dei,
selling EA, groups, signals and etc la.  doh.gif
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bulkbiz
post Jun 18 2014, 05:32 PM

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QUOTE(lowya @ Jun 18 2014, 05:27 PM)
Has anyone use WebMoney, Skrill Moneybookers, Neteller here to store their spare cash away to fund forex trading? Would like to get some feedback..
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Sounds like buat money laundering jer ... kekeke

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