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Mysticforex
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Everything posted by Mysticforex
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And after we tweak up human intelligence just a notch or two, we can make sure everybody has blue eyes and blonde hair. Now, if we could only get them to play well with the other children.
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A Funny Thing Happened On My Way To The Forum
Mysticforex replied to Mysticforex's topic in Beginners Forum
@FTX "this is a very interesting business, isn't it." Indeed it is. You summed things up nicely. It's late, and I am just rambling a bit. I like to bitch and moan all the time and new govnt regs restricting my freedom, but I am one grateful and lucking dude. -
@ForexTraderX. . . In your previous post you quoted the Champion, Optiontimer.
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Deal. 20% it is. anyone object?
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I think we decided to do away with the 5% drawdown rule. So, no draw down rule. Highest % gain at the end of the contest wins. And, very important. DO NOT change your Balance after the contest starts, or during the contest. It screws everything up. Good Luck!
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Fun and Games for when Trading is Dull!!
Mysticforex replied to TheNegotiator's topic in General Discussion
------------------------------------------------------------------------------------------------------------------------------------ I play the RPG "Utopia". Utopia - Home -
------------------------------------------------------------------------------------------------------------------------------------- Still only five contestants.
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Ever have the "Monday morning blues"? Maybe this is the answer. http://www.washingtonpost.com/business/another-reason-to-hate-mondays-the-least-loved-day-is-also-the-worst-for-the-stock-market/2012/08/19/ce8882cc-ea18-11e1-866f-60a00f604425_story.html
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I saw an analyst MSNBC last nite, didn't catch the name, that is looking to short @10435 S/L@10494... TP @10220. Have not been able to check a chart yet.
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You would be better off going to babypips.com
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I have been trading Forex for over seven years now. The last five profitably ( though last year just barely ). In my travels I have met many others in the pursuit of success in Forex trading. Most of whom were failing. From time to time I would take a failing trader under my wing and try to advise or coach them. Mentoring, or teaching does not come naturally to me. I found it very difficult. Sure, I could teach the rules of a method, a few of the tricks like trading Gaps etc. But I could never seem to get across what I think is the essence of trading. Self Disicipline and patience. I once knew a trader that was in such a rush to make money I asked, did a Doctor just tell you that you only ave six months to live? The answer was no, but the idea went over his head. Well to make a long story short ( I know, I know it's too late for that ), 2 nights ago while checking my Gmail a IM popped up from a trader I used to work with. We exchanged pleasantries and I finally got around to asking her if she were still trading, and how was it going? She told me that she has been consistently profitable for the last 10 months ( I had not spoken to her since mid 2010 ). She still had not made back all the money she had lost ( about $600K when last we spoke ) but was making sure and steady progress. Then I asked the Sixty Four Dollar question, what are you doing differently ? She told me she was trading smaller lot sizes and being PATIENT. Only taking slap - you -in - the - face obvious setups. It was great to hear from her and learn of her success. It also made me feel that all the work and sometimes feeling it was hopeless was worth it. Maybe I had a very very small effect on her.
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Ok. So no draw down rule. But si far we have only 4 contestants. Not very exciting.
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Correct me if I am wrong. You are risking 100 pip to make 50 pips ? Or some variation there of ? Or, are your TPs too conservative ? S/Ls too optimistic ? It takes more time finding a better setup. But in the long run I think you will save time not having to take 12 trades to break even. If you could post a chart of a typical trade, so I know I am not missing/misunderstanding anything.
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For the past few months my win rate has been running about 61% or so. What makes this work out is always going for a R/R 2:1 And being willing to get out of losing trades fast. How have you been doing ?
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Yes. The contest will be with Demo accts. We will be using the FxTrade platforms which is web based and not a download. So don't bother D/Ling the MT4.
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It's open for debate. Chime in folks for what you would like... 5% Drawdown rule or not. BTW good to see you again.
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Introduce Yourself Here - Don't Be Shy!!
Mysticforex replied to trading4life's topic in Beginners Forum
Welcome TradeToBeFree. Hope you enjoy your time here. -
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Only 3 contestants so far.
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Just trying to keep my planets in order. Are there rings around uranus ? or is that Saturn ?
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Knight BLOWS UP with Algo Trading Software
Mysticforex replied to bakrob99's topic in Automated Trading
Yo err is human, to really screw up you need a computer. -
Ok, so I googled June 14th 1955. The day W.D. Gann passed. Born on that day was Paul O'Grady, The British Drag Queen and comic. Are we to assume that Gann was reincarnated into O'grady ? For be it for me to see what I believe that you can be.