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Obsidian
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Everything posted by Obsidian
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Weekly unemployment claims
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it seems Las Vegas is a bit far from here
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Are You Satisfied by Your Forex Earning?
Obsidian replied to Jack Francisco's topic in Beginners Forum
I wouldnt complain about spreads...almost 10 years ago it was 3 pips on EUR/USD...GBP/USD 4 pips...GBP/JPY 7-8 pips etc... -
Q2 2012: profitability of forex traders keeps dropping, OANDA back on top In Q2 2012 profitability of US forex traders kept dropping albeit the change was less than in Q1 2012: -1.1% and -1.9% respectively. GFT’s profitability ‘plummeted’ meaning it lost its crown to OANDA again and dropped 5 places in this ranking. Number of forex accounts dropped by almost 2,000 (excluding Interactive Brokers which still didn’t report) and the only ones able to grow were Alpari, ILQ, Forex Club and Advanced Markets. It’s possible that May’s volatility had something to do with this. For obvious reasons PFG is excluded from this chart..
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lol zdo ...Learn how to raise chickens, goats or other small animals. Get right with God or whatever spiritual focal point you practice. Get the heck out of the city and learn some country living skills. Get training on how to use your firearms. When you really need them, there won't be time to practice. If you want to practice on your own, buy the new book by Joe Nobody, entitled, "The Home Schooled Shootist" and start using it....
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Super Accurate Intraday Indicators
Obsidian replied to kingkongtracts's topic in Day Trading and Scalping
I've never seen a successful strategy without risk/money management. The simplest reason why we should not use maximum leverage is because we can never be %100 sure. Lets say you have a strategy which has 70% accuracy with reasonable risk/reward ratio (say 100pips/ticks profit and 50pip/ticks stop loss)...statistically speaking, 30 out 100 trades hit stop-loss...can you guarantee you wont have 10 bad trades is a row? or can you stop gaps or instant movements which will wipe your account from happening? or another approach...lets say intrument XXX is trading at $10 and you know price will hit $20 somehow...if it drops to $5 (and wipes your account) before hitting $20, then your prediction would be useless...duration (and how prices during that time) of our trades is important of course... you may try to switch very short time frames but that would decrease your success rate eventually... or maybe I am wrong -
one of them will win...how about tax payers:confused:
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it has been this way for a looooooong time:rofl:
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Introduce Yourself Here - Don't Be Shy!!
Obsidian replied to trading4life's topic in Beginners Forum
Hello Jeff...welcome to the TL community! -
found this site a couple of days ago..if you are trying to build your own EA, you can give it a try...only problem is that you cant use custom indicators...well its free anyway http://strategytune.com/
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building permits, housing starts
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Summary of open orders and positions:
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EUR/AUD...4H chart is back to bullish mode... if it can hold above 1.2700, 1.2820 will be visited soon
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usd/jpy is at a critical level..once again... left chart is 4H and right chart is daily when we see the marked places on the daily chart, usd/jpy may take off 1-Chikou span is above previous prices 2-TS/KS lines crossed over 3-Price is above the clouds Close above the clouds (daily chart) means we are out of descending channel, it would also mean we broke above 79 resistance..will be watching closely...
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U.s. Cpi & pce .......................
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German ZEW survey Eurozone HICP
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Super Accurate Intraday Indicators
Obsidian replied to kingkongtracts's topic in Day Trading and Scalping
I think the main problem with contests is the short duration. Therefore it may not be possible to come up with a strategy that will work for many years. but of course analyzing does not hurt. I think you can check contest results on myfxbook for example. and use their strategies with lower (or no) leverage. -
New Zealand CPI...........
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Summary of open orders and positions:
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U.S. Retail Sales......................
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are you entering before the pattern is complete?
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There are plenty of threads which could be very helpful both in beginners and forex sections..you can also check technical analysis section.
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-You can always have sub accounts to trade on different time frames, that way you won't get confused as well.. -I have to say that I dont agree on this...I was able to ride in big waves as I kept a small portion of position open..both in stock and forex market...
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Visualizing the trades we take help us imporove our performance for sure..even if we are wrong, we can see how it ended..maybe we put stop-loss in a wrong place, or completely messed up the direction...we can also see which instruments/time frames were more beneficial etc...analyze your statistical information as well..