Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed
129 Pages « < 53 54 55 56 57 > » Bottom

Outline · [ Standard ] · Linear+

 Forex Trading Corver V3, How's Your Pips Lately? ^_^

views
     
low yat 82
post Aug 10 2008, 11:16 AM

time is nearing to end
*******
Senior Member
4,081 posts

Joined: Aug 2005



QUOTE(dr2k3 @ Aug 10 2008, 11:12 AM)
i see no such indicator ler
*
in forex, open interest is somethin like COT report.. i think lol...
dr2k3
post Aug 10 2008, 11:17 AM

Speculator
*******
Senior Member
3,569 posts

Joined: Sep 2006
From: Bermuda Triangle
so its not available in mt4?
low yat 82
post Aug 10 2008, 11:26 AM

time is nearing to end
*******
Senior Member
4,081 posts

Joined: Aug 2005



QUOTE(dr2k3 @ Aug 10 2008, 11:17 AM)
so its not available in mt4?
*
nop...



http://www.babypips.com/school/commitment_...ers_report.html
dr2k3
post Aug 10 2008, 11:30 AM

Speculator
*******
Senior Member
3,569 posts

Joined: Sep 2006
From: Bermuda Triangle
so complicated ~_~

look at chart better
low yat 82
post Aug 10 2008, 07:17 PM

time is nearing to end
*******
Senior Member
4,081 posts

Joined: Aug 2005



QUOTE
Proportion of Market Winners
It is difficult to know the actual proportion of market participants
who win over the long term. My own estimate, and those of
several well-regarded traders and warriors, puts the figure at
about 5 percent. That is, just 5 percent of market participants
consistently win over the long term, year after year. This figure
sounds devastatingly low until one recognizes that it is because it
is such a low figure that it must indeed be correct. How else
would it be possible for the few, the warrior traders, to build the
enormous fortunes that inspire all of us to compete for the prize?
A success rate of 5 percent suggests that 100 percent of the
money invested by all market traders will end up in the pockets
of just the top 5 percent. In reality, it is probably more like 85
percent of the wealth in the market goes to the top 5 percent, as
there are no doubt some traders who continue to break even.
Nevertheless, when one considers the degree of success and
wealth some traders are known to have accumulated, it becomes
clear that this rate of 5 percent is most probably correct.
Look around you. Of your colleagues and friends who you
know trade in markets, it is likely that only 1 in 20 will be a longterm
winner. Only 1 in 20 will consistently win on an annual
basis, and do so over many years to come.
Even before you consider the question of whether you are
that 1, let’s consider the other 19. The real breakdown is obviously
unknown; however, it is possible to make general predictions.
Of the 19, usually 3—that is, 15 percent—will break even
over the long run. The remaining 16—or 80 percent—will lose
consistently. Some will lose everything they have. Many will lose
such a significant sum that it will have a serious impact on their
personal lives. This is no lighthearted matter or subject. Of the
5 percent of participants who win, many will go on to exert economic,
and perhaps political, influence over their communities
as a result of their tremendous victories.


hmm... wat it needs to b d 5 percent? hmm.gif

it does seems vry difficult task. sweat.gif

This post has been edited by low yat 82: Aug 10 2008, 07:18 PM
wodenus
post Aug 10 2008, 07:25 PM

Tree Octopus
********
All Stars
14,990 posts

Joined: Jan 2003
Actually that's wrong. The 5% make 5% (that's what their winnings are.) The broker makes 85% (from taking the other side of the losing trades.) The rest no one makes (they break even.)

low yat 82
post Aug 10 2008, 07:36 PM

time is nearing to end
*******
Senior Member
4,081 posts

Joined: Aug 2005



QUOTE(wodenus @ Aug 10 2008, 07:25 PM)
Actually that's wrong. The 5% make 5% (that's what their winnings are.) The broker makes 85% (from taking the other side of the losing trades.)  The rest no one makes (they break even.)
*
huhu... every1 hav diffirent view i guess.. tongue.gif it was quoted inside d book m readin...

m guessin u were referrin to banks instead of broker?
wodenus
post Aug 10 2008, 08:34 PM

Tree Octopus
********
All Stars
14,990 posts

Joined: Jan 2003
QUOTE(low yat 82 @ Aug 10 2008, 07:36 PM)
huhu... every1 hav diffirent view i guess.. tongue.gif it was quoted inside d book m readin...

m guessin u were referrin to banks instead of broker?
*
No really. Think about it, do you think any ECN will accept your micro-lot ? if no one wants it how does it get filled then ? it gets filled because the broker takes it. He knows 85% of the trades will be losers so if he takes the other side, he will have an 85% win/lose ratio smile.gif secondly the platform is in the complete control of the broker. There is no such thing as "regulation" is the forex market. Let's look at share prices, for instance. If the price of say 1 share of PBB is say $15.10, it will be $15.10 with every share broker in the country. That is what regulation means. This ensures a level playing field for everyone. If you look at forex prices, you can see that for the same cross, there are tons of prices, all of them different smile.gif why do you think that happens ? smile.gif it's because there is no regulation. Even if they say they are "regulated" by whoever, it just means that they are registered. The authority knows who they are, so they can't close shop and run away. It doesn't mean that they won't go bankrupt, it doesn't mean that they can't put an unauthorized trade on your account, it doesn't mean that they will honor your stop, it doesn't mean that they won't raise the spread to 500 pips during news time. It doesn't mean that a sudden glitch in their charts won't lead to your making the wrong decision. How do you prove that you never made that trade ?

Which brings me to that very interesting point that a lot of these forex trainers use, that you're participating in a very liquid market. It's true that forex is a very liquid market, it's just not true that you're in it smile.gif if you're in it, then no matter what broker you use, they should all have the same prices, right ? smile.gif why don't they, then ? smile.gif

This post has been edited by wodenus: Aug 10 2008, 09:57 PM
small-jeff
post Aug 10 2008, 09:21 PM

Regular
******
Senior Member
1,646 posts

Joined: Jun 2007
QUOTE(wodenus @ Aug 10 2008, 08:34 PM)
No really. Think about it, do you think any ECN will accept your micro-lot ? if no one wants it how does it get filled then ? it gets filled because the broker takes it. He knows 85% of the trades will be losers so if he takes the other side, he will have an 85% win/lose ratio smile.gif secondly the platform is in the complete control of the broker. There is no such thing as "regulation" is the forex market. Let's look at share prices, for instance. If the price of say 1 lot of PBB is say $15.10, it will be $15.10 with every share broker in the country. That is what regulation means. This ensures a level playing field for everyone. If you look at forex prices, you can see that for the same cross, there are tons of prices, all of them different smile.gif why do you think that happens ? smile.gif it's because there is no regulation. Even if they say they are "regulated" by whoever, it just means that they are registered. The authority knows who they are, so they can't close shop and run away. It doesn't mean that they won't go bankrupt, it doesn't mean that they can't put an unauthorized trade on your account, it doesn't mean that they will honor your stop, it doesn't mean that they won't raise the spread to 500 pips during news time. It doesn't mean that a sudden glitch in their charts won't lead to your making the wrong decision. How do you prove that you never made that trade ?

Which brings me to that very interesting point that a lot of these forex trainers use, that you're participating in a very liquid market. It's true that forex is a very liquid market, it's just not true that you're in it smile.gif if you're in it, then no matter what broker you use, they should all have the same prices, right ? smile.gif why don't they, then ? smile.gif
*
hm..if i'm not mistaken, brokers (e.g. fxcm, odl, etc) get their profits through spread, just like those "registered" money changers. Regulated broker (if not mistaken again) is just being registered through a body (basically they need a large sum of money). Basically, brokers has nothing to lose. Either traders profit or lose in their trades, brokers still gain, cause they're profitting through the spreads that are applied. With the margin required, it will safeguard the broker, and sometimes the traders, preventing from being in debt.
wodenus
post Aug 10 2008, 09:56 PM

Tree Octopus
********
All Stars
14,990 posts

Joined: Jan 2003
QUOTE(small-jeff @ Aug 10 2008, 09:21 PM)
hm..if i'm not mistaken, brokers (e.g. fxcm, odl, etc) get their profits through spread, just like those "registered" money changers. Regulated broker (if not mistaken again) is just being registered through a body (basically they need a large sum of money). Basically, brokers has nothing to lose. Either traders profit or lose in their trades, brokers still gain, cause they're profitting through the spreads that are applied. With the margin required, it will safeguard the broker, and sometimes the traders, preventing from being in debt.
*
Okay, but why do so many different brokers have so many different prices then ? and who takes the other side of your micro-lot ? surely not an ECN smile.gif and what stops your money from disappearing if a platform/server glitch makes an unauthorized trade ? who do you complain to if you lost money because your stop was not filled ? yea I know they're profiting through the spread, but wouldn't it make sense for them to take the other side as well ? what are the chances that it's a very illiquid market, with every individual broker running what amounts to a mini currency exchange ?

This post has been edited by wodenus: Aug 10 2008, 10:00 PM
small-jeff
post Aug 10 2008, 10:34 PM

Regular
******
Senior Member
1,646 posts

Joined: Jun 2007
hm...if i could recall correctly. Huge brokers like fxcm deals with the bank. so, any positions you made will be directed towards the bank. I believe they would need to have some agreements first (between broker and bank). In addition, the broker itself must have a huge capital to safeguard all parties, including the bank. So, basically the broker just act as a 3rd party money changer.

What you mean by "the other side"? forex is a little different from stock. the principle of supply-and-demand is rather much different here. In stock, you have to wait for someone to sell, before you can buy. But in forex, you dont have to wait.

well..in case of the broker run away with your money, there's nothing much you can do other than making a report in the country where the broker is based. I dont know how much funds forex brokers are holding, but for those doing hedge funds in wallstreet hold up to billions of dallor.

wei wei..a bit OT here tongue.gif
mphpopular
post Aug 10 2008, 10:45 PM

bar chartist
*******
Senior Member
2,214 posts

Joined: Oct 2007
EJ

A small channel (bear) in big channel (bull)

15m TF shows a descending triangle


Attached thumbnail(s)
Attached Image Attached Image
low yat 82
post Aug 10 2008, 11:48 PM

time is nearing to end
*******
Senior Member
4,081 posts

Joined: Aug 2005



QUOTE(wodenus @ Aug 10 2008, 08:34 PM)
No really. Think about it, do you think any ECN will accept your micro-lot ? if no one wants it how does it get filled then ? it gets filled because the broker takes it. He knows 85% of the trades will be losers so if he takes the other side, he will have an 85% win/lose ratio smile.gif secondly the platform is in the complete control of the broker. There is no such thing as "regulation" is the forex market. Let's look at share prices, for instance. If the price of say 1 share of PBB is say $15.10, it will be $15.10 with every share broker in the country. That is what regulation means. This ensures a level playing field for everyone. If you look at forex prices, you can see that for the same cross, there are tons of prices, all of them different smile.gif why do you think that happens ? smile.gif it's because there is no regulation. Even if they say they are "regulated" by whoever, it just means that they are registered. The authority knows who they are, so they can't close shop and run away. It doesn't mean that they won't go bankrupt, it doesn't mean that they can't put an unauthorized trade on your account, it doesn't mean that they will honor your stop, it doesn't mean that they won't raise the spread to 500 pips during news time. It doesn't mean that a sudden glitch in their charts won't lead to your making the wrong decision. How do you prove that you never made that trade ?

Which brings me to that very interesting point that a lot of these forex trainers use, that you're participating in a very liquid market. It's true that forex is a very liquid market, it's just not true that you're in it smile.gif if you're in it, then no matter what broker you use, they should all have the same prices, right ? smile.gif why don't they, then ? smile.gif
*
well, AFAIK, broker is jus like a middle man... whether they tried to cheat clients or not, i do not noe..but some of them r market makers..

for pure broker company, d prices is actually offered by d bank itself..so, in order to get d best price, finds a broker which associates wit numerous banks...
for mini n standard acc, we r actually tradin against d bank... but for micro acc, im not sure..


Added on August 10, 2008, 11:56 pmdidnt do any analysis... bz readin tongue.gif

moreover need more data..

for EU, guess we need to wait for awhile to confirm d down move is a fake 1 or for real..

This post has been edited by low yat 82: Aug 10 2008, 11:56 PM
mphpopular
post Aug 11 2008, 12:03 AM

bar chartist
*******
Senior Member
2,214 posts

Joined: Oct 2007
EU

I choose Long but will nid to wait. Monthly showing a LONG mode.

4H TF shows a bear channel, but I guess 1.4780 is hard enough for it???

If want to go LONG, nid to wait 15m trendline break and price keep on stand above 1.4780.... So I will wait


Attached thumbnail(s)
Attached Image Attached Image Attached Image
mphpopular
post Aug 11 2008, 12:09 AM

bar chartist
*******
Senior Member
2,214 posts

Joined: Oct 2007
For GU. This all is adopted. It is very detail + super detail. I juz like how he analyse it.

Quote : The analysis from FF GU thread


Attached thumbnail(s)
Attached Image Attached Image Attached Image Attached Image
low yat 82
post Aug 11 2008, 12:10 AM

time is nearing to end
*******
Senior Member
4,081 posts

Joined: Aug 2005



QUOTE(mphpopular @ Aug 11 2008, 12:03 AM)
EU

I choose Long but will nid to wait. Monthly showing a LONG mode.

4H TF shows a bear channel, but I guess 1.4780 is hard enough for it???

If want to go LONG, nid to wait 15m trendline break and price keep on stand above 1.4780.... So I will wait
*
friday extreme heavy sellin.. time to wait for long confirmations drool.gif drool.gif
mphpopular
post Aug 11 2008, 12:12 AM

bar chartist
*******
Senior Member
2,214 posts

Joined: Oct 2007
Still doing the laz analysis for my GJ, tiring...Hope I wont slept before I done it.....
normeck
post Aug 11 2008, 12:13 AM

Look at all my stars!!
*******
Senior Member
3,158 posts

Joined: Dec 2006


relax a bit...

user posted image
mphpopular
post Aug 11 2008, 12:16 AM

bar chartist
*******
Senior Member
2,214 posts

Joined: Oct 2007
LOL..... I wish when i forgot to use stops, I still have the cup to do like that.
low yat 82
post Aug 11 2008, 12:16 AM

time is nearing to end
*******
Senior Member
4,081 posts

Joined: Aug 2005



QUOTE(normeck @ Aug 11 2008, 12:13 AM)
relax a bit...

user posted image
*
rclxms.gif rclxms.gif laugh.gif laugh.gif

129 Pages « < 53 54 55 56 57 > » Top
Topic ClosedOptions
 

Change to:
| Lo-Fi Version
0.0309sec    0.35    6 queries    GZIP Disabled
Time is now: 5th December 2025 - 03:06 AM