QUOTE(dr2k3 @ Aug 10 2008, 11:12 AM)
in forex, open interest is somethin like COT report.. i think lol...Forex Trading Corver V3, How's Your Pips Lately? ^_^
Forex Trading Corver V3, How's Your Pips Lately? ^_^
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Aug 10 2008, 11:16 AM
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4,081 posts Joined: Aug 2005 |
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Aug 10 2008, 11:17 AM
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3,569 posts Joined: Sep 2006 From: Bermuda Triangle |
so its not available in mt4?
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Aug 10 2008, 11:26 AM
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4,081 posts Joined: Aug 2005 |
QUOTE(dr2k3 @ Aug 10 2008, 11:17 AM) nop... http://www.babypips.com/school/commitment_...ers_report.html |
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Aug 10 2008, 11:30 AM
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3,569 posts Joined: Sep 2006 From: Bermuda Triangle |
so complicated ~_~
look at chart better |
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Aug 10 2008, 07:17 PM
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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? it does seems vry difficult task. This post has been edited by low yat 82: Aug 10 2008, 07:18 PM |
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Aug 10 2008, 07:25 PM
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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.)
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Aug 10 2008, 07:36 PM
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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.. m guessin u were referrin to banks instead of broker? |
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Aug 10 2008, 08:34 PM
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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.. 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 m guessin u were referrin to banks instead of broker? 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 This post has been edited by wodenus: Aug 10 2008, 09:57 PM |
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Aug 10 2008, 09:21 PM
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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 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.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 |
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Aug 10 2008, 09:56 PM
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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 This post has been edited by wodenus: Aug 10 2008, 10:00 PM |
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Aug 10 2008, 10:34 PM
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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 |
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Aug 10 2008, 10:45 PM
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2,214 posts Joined: Oct 2007 |
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Aug 10 2008, 11:48 PM
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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 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..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 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 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 |
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Aug 11 2008, 12:03 AM
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2,214 posts Joined: Oct 2007 |
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Aug 11 2008, 12:09 AM
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2,214 posts Joined: Oct 2007 |
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Aug 11 2008, 12:10 AM
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4,081 posts Joined: Aug 2005 |
QUOTE(mphpopular @ Aug 11 2008, 12:03 AM) EU friday extreme heavy sellin.. time to wait for long confirmations 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 |
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Aug 11 2008, 12:12 AM
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2,214 posts Joined: Oct 2007 |
Still doing the laz analysis for my GJ, tiring...Hope I wont slept before I done it.....
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Aug 11 2008, 12:13 AM
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3,158 posts Joined: Dec 2006 |
relax a bit...
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Aug 11 2008, 12:16 AM
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2,214 posts Joined: Oct 2007 |
LOL..... I wish when i forgot to use stops, I still have the cup to do like that.
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Aug 11 2008, 12:16 AM
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4,081 posts Joined: Aug 2005 |
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