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tradingwizzard
Market Wizard-
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Everything posted by tradingwizzard
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Trading Mindsets is 80 % of Success........anything to do with the Pareta principle?
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AlgoTrader - Algorithmic Trading Software
tradingwizzard replied to Andy Flury's topic in Software Platforms
what is the difference between the free one and the one you have to pay for it?.....I mean, how big it is? -
speaking of 95% of the traders that lose.......I heard that many times as it is being written all over the place......is it true?........
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How Long Does It Take to Make $5000/Mo Consistent Profit?
tradingwizzard replied to cowcool's topic in Beginners Forum
agree........and this second step is the tricky one -
I remember one time, long ago, one guy from Saxo Bank.....he was publishing reports with a trade recommendation.....it was like the benchmark for going into the opposite direction......amazing
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not this trip...........looking to consolidate around the current levels and to break below 1.2750 until September..........most likely this month, if not, first half of August...........after September to look for a break higher..........for good this time, much higher
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you labeled it as ABCD and I am looking at a probable five waves up to end with the new highs.........or mayber you are using Gartley for that?
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agree with that ....only thing is......are they reliable? .........if you check the latest Societe Generale reports they were all wrong :crap:
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Live Trading the Currency Markets
tradingwizzard replied to tradingwizzard's topic in Market News & Analysis
unfortunately, nothing.......yet........it will most probably break lower for short/medium term (until September Fed meeting) -
How Long Does It Take to Make $5000/Mo Consistent Profit?
tradingwizzard replied to cowcool's topic in Beginners Forum
hi there......you are talking about a 10% on a monthly basis and the problem is not the return but what you should do for that return........firstly, to reach that on a constant basis is a problem trading all financial products because let's say in one month you are having only 7% and still 5 trading days in the week.......what do you do to get the other 3 %? most likely overleverage, and this is the recipe for failure.......second, while trading can be tought, human nature plays tricks with us all the time and you are most likely to have the most difficulties with this part, like any other trader........last but not least, try to base your trading on your own system......in this way you will have more trust in it.......good luck anyways -
Will Quantitative Easing Be Japan's Savior?
tradingwizzard replied to Larry1234's topic in Market News & Analysis
if you think they are running a QE program two times as large as the one in the United States but it is applied on an economy that is three times smaller, then you should have the dimensions of these move........jpy has no chance from my point of view on the larger horizon.......as well as the usd- 23 replies
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Live Trading the Currency Markets
tradingwizzard replied to tradingwizzard's topic in Market News & Analysis
a bit of a drawdown......maybe would have been better to wait for that triangle to break.......oh well -
believe it or not, Hilsenrath coming out yesterday saying Fed message in FOMC was actually hawkis, not dovish.....:helloooo:
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funny enough, you stoped trading exactly when that triangle broke to the downside.....measured move or the thrust of it should have been the target.......keep trying
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how do you trade it, automatically?
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I wouldn't call it stronglly bullish though
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I am turning bearish on the eurusd now, medium term.....expecting the 1.2750 area to break now and price to go towards 1.25/1.26........providing 1.34 area holds, I will look for reversal patterns
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what platform is that?
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How To Become A Successful Forex Trader
tradingwizzard replied to exbryan's topic in Beginners Forum
get yourself familiar with technical analysis and keep informed as much as possible.......although proper technical analysis and money management should keep you out of trouble -
well, a bounce it was indeed :doh:
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hmm...easy said then done......it's not that simple
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this must be a coincidence.... me too
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fair enough, fair enough
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) simply beautiful