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Mysticforex
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Everything posted by Mysticforex
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04/26/2011 01:33 EDT http://img156.imageshack.us/img156/2495/82136196.png' alt='82136196.png'> Uploaded with ImageShack.us[/img]
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Thx, The Dude... I haven't listened to the Talking Heads in quite some time. Am listening to "Psycho Killer ATM. PS: took care of the 2 poats.
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Keep em coming... This is who's signed up so far. http://img571.imageshack.us/img571/3708/contesti.png' alt='contesti.png'> Uploaded with ImageShack.us[/img]
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This is why we're all here, take your pick ! [ame=http://www.youtube.com/watch?v=m3MHptWvC-s&feature=related]YouTube - ABBA Money Money Money[/ame] [ame=http://www.youtube.com/watch?v=ZKyEyxwqS2c]http://www.youtube.com/watch?v=ZKyEyxwqS2c[/ame] [ame=http://www.youtube.com/watch?v=z6xkT7FMyTc]http://www.youtube.com/watch?v=z6xkT7FMyTc[/ame] [ame= ]http://www.youtube.com/watch?v=Ilnz6hyk3oU[/ame]
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4/25/2011 01:37 edt:
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Ingot54, I have just tried the first vid on the home page... The one titled "October 15th". Works fine for me. Are these the video's you mean?
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Excellent !!! ......
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Introduce Yourself Here - Don't Be Shy!!
Mysticforex replied to trading4life's topic in Beginners Forum
Please tell us a little about where you're at with trading. What do you trade? -
Introduce Yourself Here - Don't Be Shy!!
Mysticforex replied to trading4life's topic in Beginners Forum
Hi Ryan, welcome to Traderslaboratory ! The best way to learn is to ask ! -
I am going to start the FX Contest ! ( even if I am the only one ). The Contest will run for 1 month, starting on Monday May 3rd, and ending Tuesday, May 31st. at midnight. If you do not have an Oanda Demo account, you can get one at http://www.traderslaboratory.com/oanda Once you have the Demo account, you can join the Contest at this link https://fx2.oanda.com/mod_perl/fxcontest/fxcontest.pl?rm=contestDetails&contestId=1831 You have until May 3rd to play with it, familiarise yourself with it. Very Important ! once the contest starts, DO NOT change/adjust your account balance. It will mess up your results and disqualify you. Use your TL username as the Display name for the Contest. NO personal information about you will be displayed, or seen. The only thing we will see is your TL username, number of trades taken, percent of profit or loss, and maximum drawdown. I usually like to impose a max drawdown rule of 5%. Since this is the first Contest, we won't have that. Good Luck and Good Trading ! Any questions, ask away.
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04/22/2011 02:20 edt. No significant change. slight increase in shorts on AUD/USD... increase in Buys EUR/USD.
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I have been using Oanda since 2007, so obviously I am satisfied with them. Open, and pending orders can be viewed on their website, or right from the trade platform. Click "Resources", then click "Oanda Forex Order Book". Yes, the spreads are good. As I type this they have 2.6 pips on GBP/JPY. They do widen during risk events, news etc, so they are not good for "News Trading". Not an issue for me.
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This is live data at the time I post it. I will be posting it every day at approx 01:30 Eastern time.
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Metallica - Turn The Page. ( Dark ) [ame=http://www.youtube.com/watch?v=dOibtqWo6z4&feature=related]YouTube - Metallica - Turn The Page[/ame]
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GBP/CHF has indeed broken up out of the range and just kissed the 800 SMA on 15M TF, and the Weekly Pivot.
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2009 Mercedes Benz, SLK 350. At the time, I wanted to get GBP JPY as my plate but it was unavailable, so I settled for GBP USD. I check every so often and GBP JPY is now available. I ordered it and should have it in a week or so.
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Introduce Yourself Here - Don't Be Shy!!
Mysticforex replied to trading4life's topic in Beginners Forum
Hi StopnLimit, Welcome to Traderslabortory ! If you are new to trading, be sure to ask questions. If you are not so new, then maybe you can share some of what you have learned. -
Courage! You have to be "Lucky" to know the meaning of courage...read on! COURAGE? What is the meaning of courage? Is it to fight a Bull in a bullfight without any weapon? Is it to undertake a cross-country auto trip in a Chrysler Corporation car? Is it to fly a fighter plane in combat? Is it to undergo open-heart surgery knowing that the surgeon has a drinking problem? Is it to practice free fall parachuting? Is it to perform a root-canal on yourself? Is it bungee jumping, wild water rafting? B.S...These are nothing! THIS my friend is COURAGE!!! Last picture I have of my dog "Lucky"
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Closed 2 pos @ 13420 ( actual was 13406, always use a buffer ). Entered @ 13850 and 13650. There is still a missed Weekly Pivot @12880. If we fact go there, I will start looking for a Buy.
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This setup has historically been a very nice producer. It's called a "Squeeze Box". GBP/CHF has been range bound for some time in the current area. I would like to see a breakout, to the upside, a CLOSE above the red dashed line on 30M TF. For targets we have missed Daily and Weekly pivots all over the place. My short term target would be this week's Weekly Pivot @14675... Then last week's Missed Weekly Pivot @ 14950. PS: We hit R3 Today!
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If you have ever read Napoleon Hill's book, "Think and Grow Rich", he mentions someone whose name I can't recall at the moment. One of the goals this person had was to be a partner of Thomas A Edison. He started as a Janitor in one of Edison's companies. After several years of hard work, he became Edison's partner in a new company. As a lot of you may know my Mentor is Rob Booker. I was going though a period of feeling a little burnt out. I decided to temporarily put down the books on Technical Analysis I had been reading and pick up something a little lighter in Nature. I came across a book titled "Adventures of a Currency Trader", by Rob Booker. This is not a "How Too" book, it is a "How Not" book. I enjoyed it very much and identified very much with the character " Harry Banes". I decided I would very much like to meet this "Rob Booker" guy. My chance came sooner than I thought it would. Rob would be attending an event hosted by FXCM for their customers. On the day of the event I went down to Manhattan ( about 100 miles from my home ) and introduced myself. We chatted, exchanged emails etc. Soon we were exchanging emails once a week. This was in the spring of 2007. In August of 2007 I went and spent a week with him at his office in West Virginia. I learned a couple of methods at that time, The Arizona Rules, The Grid, and The HedgeHog. During the next 2 years I made several trips to his office. By this time, he was letting me camp out on a couch. One of my highlights was in january 2008. Rob had a Internet Radio show at the time called "Trader Radio". We decided for Febuary's NFP we would do a 24 hour Marathon. There were 5 of us taking turns. By 08:30 the next day, when the numbers came out, we had over 2000 listeners online. It was a lot of fun. Late in 2009, Rob told me I was very good at trading the "Bossilator" method ( another method that had evolved from "The Arizona Rules" ). He asked if I would help him to teach it at Live Seminars. I said I would be delighted! So, like that fellow in "Think and Grow Rich". I realised my goal of working with Rob Booker.
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Yes, agree about paying oneself. Those monies were the first withdrawal I had made. Up to then I had been just acct building.
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So now it's the end of January 2009, and I have just over $1K in the account. I decided this was going to be my "High Risk" account. Up until this point I had always thought of myself as a relatively conservative trader, at least compared to the other Traders I knew personally. I was very happy if I could make .5% a day on my other accounts. Most days I did, some days I didn't. Slow And Steady Wins The Race I told myself. I guess this stemmed from having Blown a few accounts in the beginning. As far as my "Trading Life" was concerned, Your Account is Everything and must be protected at all times. So here was my chance to let my hair down, to, if not break some rules, at least bend them severely. I continued to trade my ass off, only gbp/jpy, sometimes holding Long and Short positions at the same time. An example would be scalping Short while holding longer term Buy positions.Two months later, at the beginning of April I had over $16K in the account! HOT DAMN! This was starting to have an effect on me. I was starting to think of myself as hot stuff. I decided to take some money out and enjoy it. Hindsight being 20/20, I'm glad I did. Spring was in the air, I was feeling good, so I withdrew $11K, added it to other monies I withdrew from other accounts and bought myself a new car. So now it's beginning of April and I have about $5K in the account. The weathers getting warmer, I.m spending more time outdoors and trading less. But still trading High Risk/ Over Leveraged. BTW: All I traded on the account was PA and S/R. I don't use Oscillators of any type. Just TLs, and Pivots and numbers that have statistical significance for me. Sometime around the 2nd, 3rd week of July the account Blew Up in my face. I had $8700 balance, and $110K in open positions. I would have liked to be able to blame it on some kind of "Black Swan" event. Like the "Flash Crash" we had in May 2010. But the fact of the matter is I let myself get overextended. I added to a loser. Statistics are not 100%, Pivots are not always hit. I was using $550 in margin when it happened, so I had $50 more than I started with. I learned something, I had a Blast, and I still have the car. Today, I still have the account. I just trade it normally. I keep 5K in it, at the end of each month I withdraw any profits and start the new month with 5K.
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Your wish is my command.