Stockmarket Trading, Forex, Commodities.

[Paulo1]

The Masters without Tiger, the Bat without mojo, and new highs without volume. With the S&Ps tapping out at a new record, I am going to sit tight and wait out those nasty bulls. They are just like an unwanted guest who won't leave.

Trade I am alerted to is a sell on the EURAUD. Sell stop 1.4770 area ot look to sell higher around 1.4950.

EURAUD. Trade was entered yesterday @ 1. 4943 short current price 4856 . Watching 200 EMA on daily chart 1.47000

EURUSD Monthly chart shows a doji/shooting star formation. will look to short a a daily close below 1.3696 zone. Pending price action at that zone. 1.3685 support.

[Paulo1]

Mauldin Economics

Financial journalist and mega author Michael Lewis alleges that high frequency trading (HFT) systems "rig" the market. It's not exactly a new story, but he just released a book on the topic, and his books generally drive news...

But here's the thing: that type of market manipulation doesn't affect the well-prepared individual investor to a great extent.

In fact, the HFT story might serve as a distraction from the largest market manipulator of all, the Federal Reserve...

Just this week, our new chairwoman, Janet Yellen, delivered an impassioned-and highly dovish-speech.

She waxed poetic on the plight of unemployed Americans, even detailing the personal lives of three out-of-work individuals. She also touched on inflation.

She posits that unemployment's too high, inflation too low. Whatever to do?

Continue to keep rates low, obviously. That'll fix everything... won't it?

And of course, when Yellen speaks, the markets pay attention. This time, they moved up, hitting new historic highs. Now that's market manipulation...

But this whole situation is also rather contradictory.

Because just a few weeks ago, in her last public speech, Mrs. Yellen sent the markets into a tumble as she hinted that the Fed would raise rates in as little as six months after ending its bond buying.

The Dow proceeded to drop over 100 points.

Either the Fed Chair's musings pump the market to record highs... or they drive the market into free fall. Contradictory, yet predictable.

[somchaimaidai]

Hi,

I am to trading can you explain How difficult is it to trade profitably and consistently over the long term?

If you have a good plan and trade your plan, have emotional management and a system with an edge you can be consistent. This is not as easy as it sounds. It takes time and discipline. Be wary of people selling systems and methods over the net. 99% can not trade.

Succinct but very good advice. Reading 'high performance trading' may provide a backwards, forwards approach to the journey.

[Paulo1]

Hi,

I am to trading can you explain How difficult is it to trade profitably and consistently over the long term?

If you have a good plan and trade your plan, have emotional management and a system with an edge you can be consistent. This is not as easy as it sounds. It takes time and discipline. Be wary of people selling systems and methods over the net. 99% can not trade.

Succinct but very good advice. Reading 'high performance trading' may provide a backwards, forwards approach to the journey.

Eh?

[Paulo1]

The Masters without Tiger, the Bat without mojo, and new highs without volume. With the S&Ps tapping out at a new record, I am going to sit tight and wait out those nasty bulls. They are just like an unwanted guest who won't leave.

Trade I am alerted to is a sell on the EURAUD. Sell stop 1.4770 area ot look to sell higher around 1.4950.

EURAUD. Trade was entered yesterday @ 1. 4943 short current price 4856 . Watching 200 EMA on daily chart 1.47000

EURUSD Monthly chart shows a doji/shooting star formation. will look to short a a daily close below 1.3696 zone. Pending price action at that zone. 1.3685 support.

euraud moves down as thought it would and stops on ema 200 dynamic support zone at 1.4711.\this being broken on a daily close will see 400 pip downside.

[Paulo1]

400 pips down. wary of the 200 ema on the daily. if this breaks , big open range to the down side. Trade I am alerted to is a sell on the EURAUD. Sell stop 1.4770 area ot look to sell higher around 1.4950."2014-04-03 07:19:14.

Recon the EU must be ready for a trend reversal. . I think the key here is a daily close below the monthly doji at 1.3700 zone for a sell. must close below. 1.3800 zone is massive resistance zone.

AU. RBA states they prefer to see and don't thin the aud should be higher that 9300. Good zone to short from

Gold 1307.43 resistance , have a look at daily silver, very bearish and one would think gold to follow.

Good weekly set up on the EG also am short from 8355. Weekly chart was text book technicians trade.

Went long gold 1288, got that nice trend then was stopped 1365 .could see it test 1180. any buying below 1300 on the physical. Below 1300 is good buying in my opinion. Not futures or derivatives. These markets are for trading , NOT INVESTING. be warned.

http://www.macrobusiness.com.au/2014/04/more-calls-to-legalise-pot-to-pack-budget-cone/?utm_medium=email&utm_campaign=Daily+MacroBusiness&utm_content=Daily+MacroBusiness+CID_880aa29389bc0db6e57b1470b1531b6f&utm_source=Email+marketing+software&utm_term=More+calls+to+legalise+pot+to+pack+Budget+cone

Cannabis Stocks are the future big movers. Get on board .

Also expecting a huge crash within the next 24 months. US bonds be the trigger.

Trading the foex market is never easy. A book I am reading at present is Scalping the Forex Market by Bob Volman. He uses a 70 tick chart and just a 20ema. I have been trading his system the past few weeks and am very impressed so far. General 10 pip stop and 10 pip target. about 83% win/loss so far.

Tick chart access..https://www.prorealtime.com/en/register

Also trade the emini for a change . just small money . will increase the position size as i become more confident with the method.

My results so far.

12/16/2013 4 rts $175

12/17/2013 2 rts $100

12/18/2013 no trades 12/19/2013 2 rts $75

12/20/2013 no trades

12/23/2013 no trade

12/24/2013 holiday

12/25/2013 holiday

12/26/2013 no trade

12/27/2013 2 rts $75

12/30/2013 4rts $150

12/31/2013 no trade

1/1/2013 holiday

1/2/2014 4rts $150

1/3/2014 4rts $150

1/6/2014 2rts $75

1/7/2014 4rts $50

1/8/2014 2rts $100

1/9/2014 2rts $100

1/10/2014 4rts ($75)

1/13/2014 2rts $100

1/14/2014 4rts ($125)

1/15/2014 2rts $75

1/16/2014 2rts ($100)

1/17/2014 2rts ($300)

1/20/2014 holiday

1/21/2014 2rts $75

1/22/2014 2rts $75

1/23/2014 no trade

1/24/2014 6rts $225

1/27/2014 4rts $150

1/28/2014 4rts $150

1/29/2014 2rts ($200)

1/30/2014 2rts $100

1/31/2014 no trade

2/3/2014 6rts $225

2/4/2014 6rts $225

2/5/2014 6rts ($50)

2/6/2014 no trade

2/7/2014 4rts $150

2/10/2014 2rts $100

2/11/2014 4rts $150

2/12/2014 6rts $275

2/13/2014 2rts $75

2/14/2014 4rts ($125)

2/17/2014 holiday

2/18/2014 4rts ($125)

2/19/2014 2rts ($200)

2/20/2014 4rts $50

2/21/2014 4rts $175

2/24/2014 4rts $100

2/25/2014 2rts $100

2/26/2014 4rts $150

2/27/2014 4rts $175

2/28/2014 2rts $75

3/3/2014 6rts $125

3/4/2014 4rts $200

3/5/2014 4rts $175

3/6/2014 2rts ($150) 3/7/2014 4rts $200

3/10/2014 6rts $50

3/11/2014 4rts $175

3/12/2014 no trade

3/13/2014 6rts ($200)

3/14/2014 8rts ($100)

3/17/2014 4rts $175

3/18/2014 4rts $200

3/19/2014 no trade

3/20/2014 4rts $300

3/21/2014 4rts $100

3/24/2014 4rts $200

3/25/2014 4rts $200

3/26/2014 2rts $100

3/27/2014 10rts $500

3/28/2014 2 rts $75

Hope you all get some insights from this post. Questions are welcome. Even though it may take me sometime to reply.

Edited April 5, 2014 by Paulo1

[Rimbuman]

400 pips down. wary of the 200 ema on the daily. if this breaks , big open range to the down side. Trade I am alerted to is a sell on the EURAUD. Sell stop 1.4770 area ot look to sell higher around 1.4950."2014-04-03 07:19:14.

Recon the EU must be ready for a trend reversal. . I think the key here is a daily close below the monthly doji at 1.3700 zone for a sell. must close below. 1.3800 zone is massive resistance zone.

AU. RBA states they prefer to see and don't thin the aud should be higher that 9300. Good zone to short from

Gold 1307.43 resistance , have a look at daily silver, very bearish and one would think gold to follow.

Good weekly set up on the EG also am short from 8355. Weekly chart was text book technicians trade.

Went long gold 1288, got that nice trend then was stopped 1365 .could see it test 1180. any buying below 1300 on the physical. Below 1300 is good buying in my opinion. Not futures or derivatives. These markets are for trading , NOT INVESTING. be warned.

http://www.macrobusiness.com.au/2014/04/more-calls-to-legalise-pot-to-pack-budget-cone/?utm_medium=email&utm_campaign=Daily+MacroBusiness&utm_content=Daily+MacroBusiness+CID_880aa29389bc0db6e57b1470b1531b6f&utm_source=Email+marketing+software&utm_term=More+calls+to+legalise+pot+to+pack+Budget+cone

Cannabis Stocks are the future big movers. Get on board .

Also expecting a huge crash within the next 24 months. US bonds be the trigger.

Trading the foex market is never easy. A book I am reading at present is Scalping the Forex Market by Bob Volman. He uses a 70 tick chart and just a 20ema. I have been trading his system the past few weeks and am very impressed so far. General 10 pip stop and 10 pip target. about 83% win/loss so far.

Tick chart access..https://www.prorealtime.com/en/register

Also trade the emini for a change . just small money . will increase the position size as i become more confident with the method.

My results so far.

12/16/2013 4 rts $175

12/17/2013 2 rts $100

12/18/2013 no trades 12/19/2013 2 rts $75

12/20/2013 no trades

12/23/2013 no trade

12/24/2013 holiday

12/25/2013 holiday

12/26/2013 no trade

12/27/2013 2 rts $75

12/30/2013 4rts $150

12/31/2013 no trade

1/1/2013 holiday

1/2/2014 4rts $150

1/3/2014 4rts $150

1/6/2014 2rts $75

1/7/2014 4rts $50

1/8/2014 2rts $100

1/9/2014 2rts $100

1/10/2014 4rts ($75)

1/13/2014 2rts $100

1/14/2014 4rts ($125)

1/15/2014 2rts $75

1/16/2014 2rts ($100)

1/17/2014 2rts ($300)

1/20/2014 holiday

1/21/2014 2rts $75

1/22/2014 2rts $75

1/23/2014 no trade

1/24/2014 6rts $225

1/27/2014 4rts $150

1/28/2014 4rts $150

1/29/2014 2rts ($200)

1/30/2014 2rts $100

1/31/2014 no trade

2/3/2014 6rts $225

2/4/2014 6rts $225

2/5/2014 6rts ($50)

2/6/2014 no trade

2/7/2014 4rts $150

2/10/2014 2rts $100

2/11/2014 4rts $150

2/12/2014 6rts $275

2/13/2014 2rts $75

2/14/2014 4rts ($125)

2/17/2014 holiday

2/18/2014 4rts ($125)

2/19/2014 2rts ($200)

2/20/2014 4rts $50

2/21/2014 4rts $175

2/24/2014 4rts $100

2/25/2014 2rts $100

2/26/2014 4rts $150

2/27/2014 4rts $175

2/28/2014 2rts $75

3/3/2014 6rts $125

3/4/2014 4rts $200

3/5/2014 4rts $175

3/6/2014 2rts ($150) 3/7/2014 4rts $200

3/10/2014 6rts $50

3/11/2014 4rts $175

3/12/2014 no trade

3/13/2014 6rts ($200)

3/14/2014 8rts ($100)

3/17/2014 4rts $175

3/18/2014 4rts $200

3/19/2014 no trade

3/20/2014 4rts $300

3/21/2014 4rts $100

3/24/2014 4rts $200

3/25/2014 4rts $200

3/26/2014 2rts $100

3/27/2014 10rts $500

3/28/2014 2 rts $75

Hope you all get some insights from this post. Questions are welcome. Even though it may take me sometime to reply.

Hi Paulo,

Bob Volman is great, really one the best publications on trading. Volman is a micro scalper and writes in detail about his way of trading.

i also highly recommend the work of Al Brooks. His books (3) Trading Price Action Trends, Trading Price Action Trading Ranges and Trading Price Action Reversals.

These are actually study books and require dedication and hard work, a common complain about his books are that they are hard to read and because of this Brooks has also a 27 hour video course that covers all the material that has been written in his books in a college style fashion.

In my opinion it is best to have both, do the college course and have the books for reference when you like to go more in depth on a certain subject.

My preference goes to Al brooks approach over Volman, but I guess that could be different for everyone.

Still, both their approaches have a lot of similarities.

I'd like to highlight an interesting one here, both authors use initial risk and actual risk in the form of an emergency stop that is not supposed to be hit.

Volman uses a 10 pip SL but steps out before price get that far, Brooks does the same and even uses (only when applicable) actual risk to determine his exit for the risk/reward calculation while in a trade.

[Rimbuman]

The Masters without Tiger, the Bat without mojo, and new highs without volume. With the S&Ps tapping out at a new record, I am going to sit tight and wait out those nasty bulls. They are just like an unwanted guest who won't leave.

Trade I am alerted to is a sell on the EURAUD. Sell stop 1.4770 area ot look to sell higher around 1.4950.

555 The USA has "Plunge Protection Team", it's all controlled with futures. Look at the charts , might as well day trade with flow, you'll be protected

[Paulo1]

400 pips down. wary of the 200 ema on the daily. if this breaks , big open range to the down side. Trade I am alerted to is a sell on the EURAUD. Sell stop 1.4770 area ot look to sell higher around 1.4950."2014-04-03 07:19:14.

Recon the EU must be ready for a trend reversal. . I think the key here is a daily close below the monthly doji at 1.3700 zone for a sell. must close below. 1.3800 zone is massive resistance zone.

AU. RBA states they prefer to see and don't thin the aud should be higher that 9300. Good zone to short from

Gold 1307.43 resistance , have a look at daily silver, very bearish and one would think gold to follow.

Good weekly set up on the EG also am short from 8355. Weekly chart was text book technicians trade.

Went long gold 1288, got that nice trend then was stopped 1365 .could see it test 1180. any buying below 1300 on the physical. Below 1300 is good buying in my opinion. Not futures or derivatives. These markets are for trading , NOT INVESTING. be warned.

http://www.macrobusiness.com.au/2014/04/more-calls-to-legalise-pot-to-pack-budget-cone/?utm_medium=email&utm_campaign=Daily+MacroBusiness&utm_content=Daily+MacroBusiness+CID_880aa29389bc0db6e57b1470b1531b6f&utm_source=Email+marketing+software&utm_term=More+calls+to+legalise+pot+to+pack+Budget+cone

Cannabis Stocks are the future big movers. Get on board .

Also expecting a huge crash within the next 24 months. US bonds be the trigger.

Trading the foex market is never easy. A book I am reading at present is Scalping the Forex Market by Bob Volman. He uses a 70 tick chart and just a 20ema. I have been trading his system the past few weeks and am very impressed so far. General 10 pip stop and 10 pip target. about 83% win/loss so far.

Tick chart access..https://www.prorealtime.com/en/register

Also trade the emini for a change . just small money . will increase the position size as i become more confident with the method.

My results so far.

12/16/2013 4 rts $175

12/17/2013 2 rts $100

12/18/2013 no trades 12/19/2013 2 rts $75

12/20/2013 no trades

12/23/2013 no trade

12/24/2013 holiday

12/25/2013 holiday

12/26/2013 no trade

12/27/2013 2 rts $75

12/30/2013 4rts $150

12/31/2013 no trade

1/1/2013 holiday

1/2/2014 4rts $150

1/3/2014 4rts $150

1/6/2014 2rts $75

1/7/2014 4rts $50

1/8/2014 2rts $100

1/9/2014 2rts $100

1/10/2014 4rts ($75)

1/13/2014 2rts $100

1/14/2014 4rts ($125)

1/15/2014 2rts $75

1/16/2014 2rts ($100)

1/17/2014 2rts ($300)

1/20/2014 holiday

1/21/2014 2rts $75

1/22/2014 2rts $75

1/23/2014 no trade

1/24/2014 6rts $225

1/27/2014 4rts $150

1/28/2014 4rts $150

1/29/2014 2rts ($200)

1/30/2014 2rts $100

1/31/2014 no trade

2/3/2014 6rts $225

2/4/2014 6rts $225

2/5/2014 6rts ($50)

2/6/2014 no trade

2/7/2014 4rts $150

2/10/2014 2rts $100

2/11/2014 4rts $150

2/12/2014 6rts $275

2/13/2014 2rts $75

2/14/2014 4rts ($125)

2/17/2014 holiday

2/18/2014 4rts ($125)

2/19/2014 2rts ($200)

2/20/2014 4rts $50

2/21/2014 4rts $175

2/24/2014 4rts $100

2/25/2014 2rts $100

2/26/2014 4rts $150

2/27/2014 4rts $175

2/28/2014 2rts $75

3/3/2014 6rts $125

3/4/2014 4rts $200

3/5/2014 4rts $175

3/6/2014 2rts ($150) 3/7/2014 4rts $200

3/10/2014 6rts $50

3/11/2014 4rts $175

3/12/2014 no trade

3/13/2014 6rts ($200)

3/14/2014 8rts ($100)

3/17/2014 4rts $175

3/18/2014 4rts $200

3/19/2014 no trade

3/20/2014 4rts $300

3/21/2014 4rts $100

3/24/2014 4rts $200

3/25/2014 4rts $200

3/26/2014 2rts $100

3/27/2014 10rts $500

3/28/2014 2 rts $75

Hope you all get some insights from this post. Questions are welcome. Even though it may take me sometime to reply.

Hi Paulo,

Bob Volman is great, really one the best publications on trading. Volman is a micro scalper and writes in detail about his way of trading.

i also highly recommend the work of Al Brooks. His books (3) Trading Price Action Trends, Trading Price Action Trading Ranges and Trading Price Action Reversals.

These are actually study books and require dedication and hard work, a common complain about his books are that they are hard to read and because of this Brooks has also a 27 hour video course that covers all the material that has been written in his books in a college style fashion.

In my opinion it is best to have both, do the college course and have the books for reference when you like to go more in depth on a certain subject.

My preference goes to Al brooks approach over Volman, but I guess that could be different for everyone.

Still, both their approaches have a lot of similarities.

I'd like to highlight an interesting one here, both authors use initial risk and actual risk in the form of an emergency stop that is not supposed to be hit.

Volman uses a 10 pip SL but steps out before price get that far, Brooks does the same and even uses (only when applicable) actual risk to determine his exit for the risk/reward calculation while in a trade.

I know Al Brooks personally and totally respect his method. Much the same as my own. have learnt many a thing from Al. The thing I am enjoying about Volman is how he uses the 70 tick chart.

and how it cuts through the market chop we find on time charts. Today i did a trade with Volmans method with a 5 pip stop. 5 lots. close plus 10.. lol

TS EU 70 tick alex.bmp

[Paulo1]

The Masters without Tiger, the Bat without mojo, and new highs without volume. With the S&Ps tapping out at a new record, I am going to sit tight and wait out those nasty bulls. They are just like an unwanted guest who won't leave.

Trade I am alerted to is a sell on the EURAUD. Sell stop 1.4770 area ot look to sell higher around 1.4950.

555 The USA has "Plunge Protection Team", it's all controlled with futures. Look at the charts , might as well day trade with flow, you'll be protected

555. Its more about the options market. same same but different. The thing about trading is you need to find a method/style that suits your psychology .

Edited April 5, 2014 by Paulo1

[Rimbuman]

The Masters without Tiger, the Bat without mojo, and new highs without volume. With the S&Ps tapping out at a new record, I am going to sit tight and wait out those nasty bulls. They are just like an unwanted guest who won't leave.

Trade I am alerted to is a sell on the EURAUD. Sell stop 1.4770 area ot look to sell higher around 1.4950.

555 The USA has "Plunge Protection Team", it's all controlled with futures. Look at the charts , might as well day trade with flow, you'll be protected

555. Its more about the options market. same same but different. The thing about trading is you need to find a method/style that suits your psychology .

Rather special to know someone like Al Brooks personally, dee mak. I am working through his books right now, I am very pleased with the quality of the content.

What is to be admired about him is that he got way out of his way to do all this and the same could be said about Bob Volmer. These guys really will be in the hall of fame. They left Edwards and Magee in the dust, although they paved their way

Al Brooks seems to be comfortable to trade all this artificial pumped up markets, he (day) trades E-mini most of the time.

I guess as a day trader, you have to be less concerned about market manipulation (go long S&P and short gold and silver) and just act on what context of the charts give you. That is the most straight forward and unbiased you can do.

Biased you need to be to make an entry but you will have to be prepared to change your mind as every second ticks away. Make small controlled losses, profits and ride the runs.

Thats having an edge but hard to do because we humans sabotage our selves. Some say that learning to not sabotage your self is key to success.

I only see this as part of the whole picture, this is perception of the trader that makes the trader make decisions that are counter productive and is a stage that long term profitable traders leave behind and don't look back to, but here again get confronted by their own behaviour that resulted from their success.

To be long term consistently profitable one has to take many hurdles and depending on the personality of the trader he will succeed or fail in the end.

Distilled it comes down to the trades ability to ignore everything (money, emotions like, caring, feeling hurt or unjust, death and the end of the world)

and be in his or her bubble to do what what you want to do best, trading your edge to your advantage. "no distractions"

So to trade well:

Money management is key and should be mechanically and should not even a factor to be fooled with.

Entry management is important but not the most determining factor for trading consistently on the positive side long term. Sure it helps as Al say's in his books to print your 5 min charts and trace good trades daily and train your self to track those high probability entries.

And yes; to anyone who read this, high probability means that it only works in a certain (higher) percentage of the time and that it fails a certain percentage of the time.

This brings us to the about most important point about trading profitably, and this is "trade management". Especially lower timeframe traders depend on their ability to manage their trades and their margin for error and failure is tiny and therefore hard to do consistently profitable.

Money management, entry management and trade management are the only variables that that allow you to alter your long (short) term outcome.

Trade management you could translate in exit management if you want, but I don't see it this way. Trade management is maybe the most important factor of being profitable long term and could be one of the more important tools to go forwards in trading.

Manage your trades well and go ahead

Edited April 5, 2014 by Rimbuman

[Paulo1]

The Masters without Tiger, the Bat without mojo, and new highs without volume. With the S&Ps tapping out at a new record, I am going to sit tight and wait out those nasty bulls. They are just like an unwanted guest who won't leave.

Trade I am alerted to is a sell on the EURAUD. Sell stop 1.4770 area ot look to sell higher around 1.4950.

EURAUD. Trade was entered yesterday @ 1. 4943 short current price 4856 . Watching 200 EMA on daily chart 1.47000

EURUSD Monthly chart shows a doji/shooting star formation. will look to short a a daily close below 1.3696 zone. Pending price action at that zone. 1.3685 support.

Still holding EURAUD from 1.4943 currently 1.4711, that 200 on the daily id acting as support zone . Net 240 pips so far.

Also sold GBPAUD at 1.7974 crrent 7846

Aussie is having a good march higher today.

[Paulo1]

Trading the EURUSD using MT4 tick chart and a mix of Bob Volmans and my own method.

Chart attached.

Stopped trading as I had to go out for dinner as the long trades kicked off.

[Paulo1]

4/28/2014

Still getting the hang of this . 2 small trades on live account.

[Tmymaimee]

Futures 6CM4 CAD 17JUN14 72,455.56 126,744.16 CDH4 CAD 18MAR14 0.00 172,244.60 Total 72,455.56 298,988.76

First column is realized profits for April 2014 and second column is year to date. 4 months trading profit $298,988 CAD.

I offered to help others on this site and not a single person asked for help. Not one. Just derogatory, snide remarks. Last year I doubled these profits. Not a single losing trade. Just patience and timing. Today bought another 100 CAD short at .9064. Up $2000 in 10 minutes. All tax free in Thailand.

Get rid of the computers, charts and books. Most people can't make money trading futures. You need a lot of money and patience. That's all you need. You can learn from winners or continue living your life the way you always have.

And I am very good at what I do. Realized profits over $1 million CAD this past year on a initial capital of $800,000 last May.

I joined a Forex discussion group last year. I beat every single competitor in my first month. Then I was told I was dangerous, would lose it all and then was banned from the site.

[Paulo1]

Futures 6CM4 CAD 17JUN14 72,455.56 126,744.16 CDH4 CAD 18MAR14 0.00 172,244.60 Total 72,455.56 298,988.76

First column is realized profits for April 2014 and second column is year to date. 4 months trading profit $298,988 CAD.

I offered to help others on this site and not a single person asked for help. Not one. Just derogatory, snide remarks. Last year I doubled these profits. Not a single losing trade. Just patience and timing. Today bought another 100 CAD short at .9064. Up $2000 in 10 minutes. All tax free in Thailand.

Get rid of the computers, charts and books. Most people can't make money trading futures. You need a lot of money and patience. That's all you need. You can learn from winners or continue living your life the way you always have.

And I am very good at what I do. Realized profits over $1 million CAD this past year on a initial capital of $800,000 last May.

I joined a Forex discussion group last year. I beat every single competitor in my first month. Then I was told I was dangerous, would lose it all and then was banned from the site.

"I offered to help others on this site and not a single person asked for help. Not one. Just derogatory, snide remarks".. I don't remember the offer and don't think it was on this thread as I would have been asking advice seeing the volume you trade, and your success. I am certain I never gave you any negativity. Am always happy to see traders especially pro traders on this site and am all ears whenever they have something to say. Awesome trading.

I too have encountered so much criticism on the site. From mostly know it all jealous cynicals know on this site. Thats part of the reason I don't post often.

With the CAD short do you have a target and what do you think be a good entry now? . Problem is I only have about limited amount to play with futures at present. But i do have patience.

Edited April 28, 2014 by Paulo1

[Tmymaimee]

I entered a short at .9064 June 14 100 contracts. Waiting to cover at .9053. If the dollar climbs to .9114, I will double my position.

If you have limited funds, my strategy won't work as you need to be able to average up into a losing position, otherwise you need a stop loss and will be looking at a potentially large realized loss. I am comfortable being down $300,000 into a trade when I average up. Many traders lack the funds and discipline to be successful.

You have to read employment / housing / monetary policy / consumer spending / etc...all the drivers that move foreign exchanges. There are no books or trading software know to man that work, otherwise the author would have billions of dollars. No different than people claiming to have the inside scoop on Vegas. Its not possible.

Here's a simple strategy that works great. Lets say expected job numbers are 100,000. The dollar always over reacts to this number. Its the big one. Make a short CAD 80 points higher than current price. If the jobs are much higher, you will get a strike and then right away cover 30 points below your strike price. You can only do this once a month though.

The beauty of futures is that its free to place an order; its only when its exercised that you pay. So in essence you could have a June 2015 contract placed open for a year and pay nothing. These random strikes are just so easy to make money.

[Paulo1]

I entered a short at .9064 June 14 100 contracts. Waiting to cover at .9053. If the dollar climbs to .9114, I will double my position.

If you have limited funds, my strategy won't work as you need to be able to average up into a losing position, otherwise you need a stop loss and will be looking at a potentially large realized loss. I am comfortable being down $300,000 into a trade when I average up. Many traders lack the funds and discipline to be successful.

You have to read employment / housing / monetary policy / consumer spending / etc...all the drivers that move foreign exchanges. There are no books or trading software know to man that work, otherwise the author would have billions of dollars. No different than people claiming to have the inside scoop on Vegas. Its not possible.

Here's a simple strategy that works great. Lets say expected job numbers are 100,000. The dollar always over reacts to this number. Its the big one. Make a short CAD 80 points higher than current price. If the jobs are much higher, you will get a strike and then right away cover 30 points below your strike price. You can only do this once a month though.

The beauty of futures is that its free to place an order; its only when its exercised that you pay. So in essence you could have a June 2015 contract placed open for a year and pay nothing. These random strikes are just so easy to make money.

I have never thought or known about trading this kind of strategy. Makes so much sense. So you have entered your cad on pending NFP this week?

Remembering your first post I thought you were running a hedge fund or something. Results were out of this world.

Edited April 28, 2014 by Paulo1

[Rimbuman]

Futures 6CM4 CAD 17JUN14 72,455.56 126,744.16 CDH4 CAD 18MAR14 0.00 172,244.60 Total 72,455.56 298,988.76

First column is realized profits for April 2014 and second column is year to date. 4 months trading profit $298,988 CAD.

I offered to help others on this site and not a single person asked for help. Not one. Just derogatory, snide remarks. Last year I doubled these profits. Not a single losing trade. Just patience and timing. Today bought another 100 CAD short at .9064. Up $2000 in 10 minutes. All tax free in Thailand.

Get rid of the computers, charts and books. Most people can't make money trading futures. You need a lot of money and patience. That's all you need. You can learn from winners or continue living your life the way you always have.

And I am very good at what I do. Realized profits over $1 million CAD this past year on a initial capital of $800,000 last May.

I joined a Forex discussion group last year. I beat every single competitor in my first month. Then I was told I was dangerous, would lose it all and then was banned from the site.

I'm sorry to hear about your disappointment but I don't remember reading any of your posts, regarding peoples reactions you'll have to realize that you are posting on ThaiVisa. Also T2W and elite traders have nutters posting all the time.

To my opinion a lot of good info about (learning) trading have been posted on this thread, it's a bit of a long thread but most of it can be found in last quarter of this thread.

This is why I tend to disagree with some lines in your post.

"Get rid of the computers, charts and books. Most people can't make money trading futures. You need a lot of money and patience. That's all you need. You can learn from winners or continue living your life the way you always have".

People are natural born losers when it comes down to trading, therefore eduction about the subject is or should be the starting point. I'm not going to rewrite stuff that has been posted about this already. We have come far about this on this thread and a lot can be found in previous posts.

Edited April 28, 2014 by Rimbuman

[Rimbuman]

(Happy???) birthday Precious Metals bear market.

Today two years ago silver and gold topped, both of the metals float at significant support levels.

Gold has freed it self from its diagonal resistance, but will that do or do we get new lows. Silver triple bottom or just ranging and waiting to test the ultimate low of around USD 12.50

Many investors and traders lost their appetite for PM's as believed price manipulators moved the price down and filled their pockets on the way down.

Specially the fundamental analysts have been wrong the last two years, so many articles about how this bear was going to end last two years and it still is under control by the big boys who like to see the price go down even more if they can.

These big boys and girls are the institutionals who do move the prices so there is a good chance that they can and that they will.

In the meantime everyone asking them selves how on earth they get away with this, because the Hunt brothers were put in jail for this.

Edited April 28, 2014 by Rimbuman

[Naam]

for the record: the Hunt brothers went bankrupt, were fined and banned to carry out commodity trades. but they never went to jail.

[Tmymaimee]

Nice close yesterday at 10:16PM Thai time for 100 June 2014 contracts covered at .9053. Locked in a $10,000 profit(290,000 baht) in 5 hours.

Good pop today to .9088 and another 100 short CAD sold at .9084 with a open buy order to cover at .9073 That will be an additional $10K or 290,000 baht again.

This is why I love futures. Patience and a solid base of capital.

[Paulo1]

Nice close yesterday at 10:16PM Thai time for 100 June 2014 contracts covered at .9053. Locked in a $10,000 profit(290,000 baht) in 5 hours.

Good pop today to .9088 and another 100 short CAD sold at .9084 with a open buy order to cover at .9073 That will be an additional $10K or 290,000 baht again.

This is why I love futures. Patience and a solid base of capital.

I was watching the Cad today and could see the US dollar weakening. Was wondering how you were doing. LOL . Last two hours a nice fall in USD against CAD. How do you define your reason for entry and do you look at support and resistance zones? Or are you purely trading from news flow fundamentals?

[PCA]

I entered a short at .9064 June 14 100 contracts. Waiting to cover at .9053. If the dollar climbs to .9114, I will double my position.

If you have limited funds, my strategy won't work as you need to be able to average up into a losing position, otherwise you need a stop loss and will be looking at a potentially large realized loss. I am comfortable being down $300,000 into a trade when I average up. Many traders lack the funds and discipline to be successful.

You have to read employment / housing / monetary policy / consumer spending / etc...all the drivers that move foreign exchanges. There are no books or trading software know to man that work, otherwise the author would have billions of dollars. No different than people claiming to have the inside scoop on Vegas. Its not possible.

Here's a simple strategy that works great. Lets say expected job numbers are 100,000. The dollar always over reacts to this number. Its the big one. Make a short CAD 80 points higher than current price. If the jobs are much higher, you will get a strike and then right away cover 30 points below your strike price. You can only do this once a month though.

The beauty of futures is that its free to place an order; its only when its exercised that you pay. So in essence you could have a June 2015 contract placed open for a year and pay nothing. These random strikes are just so easy to make money.

you will be toasted after this trade but that's presumably what you are looking for with your approach.

[Tmymaimee]

Ah, just what I was waiting for. So PCA, how much money did you make trading this past year? Its ironic that professionals with all the brainpower and spreadsheets can rarely make money in futures yet I beat them with such a simple strategy. Its actually the times I'm wrong when I make the most money because I increase my position to average up my short price.

Today my second trade went the wrong way. The 100 short CAD contracts at .9084 didn't work as the CAD continued climbing to .9117 Now I've seen a top and have a second 100 short contract order pending at .9116 I'm comfortable with large swings of $300,000 or so. If you're not, stay out of futures.

Its so easy to say I'm wrong in my strategy but when you see my new aircraft flying down the coast in Pattaya next year, look up and keep saying I'm wrong.

[PCA]

Ah, just what I was waiting for. So PCA, how much money did you make trading this past year? Its ironic that professionals with all the brainpower and spreadsheets can rarely make money in futures yet I beat them with such a simple strategy. Its actually the times I'm wrong when I make the most money because I increase my position to average up my short price.

Today my second trade went the wrong way. The 100 short CAD contracts at .9084 didn't work as the CAD continued climbing to .9117 Now I've seen a top and have a second 100 short contract order pending at .9116 I'm comfortable with large swings of $300,000 or so. If you're not, stay out of futures.

Its so easy to say I'm wrong in my strategy but when you see my new aircraft flying down the coast in Pattaya next year, look up and keep saying I'm wrong.

As said before you'll get toasted if you don't exit that again or hedge it up. I am not talking about money but market and you are on the wrong side. Be toast or eat toast that's all. And yes if I trade an 800k account I'd not be comfortable with being 300 k down, mind you?

You are a gambler who will donate it all, sorry to say.

[Tmymaimee]

Ah, just what I was waiting for. So PCA, how much money did you make trading this past year? Its ironic that professionals with all the brainpower and spreadsheets can rarely make money in futures yet I beat them with such a simple strategy. Its actually the times I'm wrong when I make the most money because I increase my position to average up my short price.

Today my second trade went the wrong way. The 100 short CAD contracts at .9084 didn't work as the CAD continued climbing to .9117 Now I've seen a top and have a second 100 short contract order pending at .9116 I'm comfortable with large swings of $300,000 or so. If you're not, stay out of futures.

Its so easy to say I'm wrong in my strategy but when you see my new aircraft flying down the coast in Pattaya next year, look up and keep saying I'm wrong.

As said before you'll get toasted if you don't exit that again or hedge it up. I am not talking about money but market and you are on the wrong side. Be toast or eat toast that's all. And yes if I trade an 800k account I'd not be comfortable with being 300 k down, mind you?

You are a gambler who will donate it all, sorry to say.

Far higher than $800K now. Much, much higher. Yes, I have to be able to continue averaging up as the price climbs. But thats the beauty of my system. Just how high can the CAD climb? That is the limit of your trading. So if you said the maximum upper limit was 1.10, then enter a position now and average up but leave enough in reserves to continue buying in.

I'm only looking to trade the daily volatility. No one knows what will happen next hour but you do know that the exchange rate will fluctuate. Life's a gamble but I accept the risk. Much like people who smoke, drive a motorbike or eat fatty foods. They accept the risk even though they may die. I accept the risk that something unforeseen could knock me out, but I've done very well this past year.

Now I'm short 200 CAD contracts with an average buy of .91 so I readjust my cover to .9089 Just keep averaging up my short sale price and along with my buy price.

[Paulo1]

Ah, just what I was waiting for. So PCA, how much money did you make trading this past year? Its ironic that professionals with all the brainpower and spreadsheets can rarely make money in futures yet I beat them with such a simple strategy. Its actually the times I'm wrong when I make the most money because I increase my position to average up my short price.

Today my second trade went the wrong way. The 100 short CAD contracts at .9084 didn't work as the CAD continued climbing to .9117 Now I've seen a top and have a second 100 short contract order pending at .9116 I'm comfortable with large swings of $300,000 or so. If you're not, stay out of futures.

Its so easy to say I'm wrong in my strategy but when you see my new aircraft flying down the coast in Pattaya next year, look up and keep saying I'm wrong.

Am understanding your method somewhat more. Looks as if you target the CAD and put alot of backroom work into the fundamentals and reason why it should not going higher than say 1.10. So you enter 100 contacts lower with enough in the bank to average in at different prices with your total risk calculated at 1.10 for 300 contracts. This can be a very risky way to trade, however if you have the cash and knowledge of the countries economic status it can work. Also Whereustay , when i put (lol) next to a comment it was not because the cad moved against you, was referring to the money you are making. To late to edit when I realised.

Had a very wealthy person do something similar on the New Zealand Dollar. He was very lucky he had a multi million dollar building business as he was short the NZD at .75. And you know what that's done. I have actually helped him liquidate his position. He was almost 1 mill in losses. He never understood anything and if the bank said go short he would..lol.

Welcome back to the thread PCA. Thought I would never hear from you again after last time..lol. Have you done a live trade yet? or just nit picking people apart to build yourself up? Would appreciate some live trades.

Trading last night was ok, made my daily average $500 approx. Happy with that.

Edited April 29, 2014 by Paulo1

[PCA]

Ah, just what I was waiting for. So PCA, how much money did you make trading this past year? Its ironic that professionals with all the brainpower and spreadsheets can rarely make money in futures yet I beat them with such a simple strategy. Its actually the times I'm wrong when I make the most money because I increase my position to average up my short price.

Today my second trade went the wrong way. The 100 short CAD contracts at .9084 didn't work as the CAD continued climbing to .9117 Now I've seen a top and have a second 100 short contract order pending at .9116 I'm comfortable with large swings of $300,000 or so. If you're not, stay out of futures.

Its so easy to say I'm wrong in my strategy but when you see my new aircraft flying down the coast in Pattaya next year, look up and keep saying I'm wrong.

Am understanding your method somewhat more. Looks as if you target the CAD and put alot of backroom work into the fundamentals and reason why it should not going higher than say 1.10. So you enter 100 contacts lower with enough in the bank to average in at different prices with your total risk calculated at 1.10 for 300 contracts. This can be a very risky way to trade, however if you have the cash and knowledge of the countries economic status it can work. Also Whereustay , when i put (lol) next to a comment it was not because the cad moved against you, was referring to the money you are making. To late to edit when I realised.

Had a very wealthy person do something similar on the New Zealand Dollar. He was very lucky he had a multi million dollar building business as he was short the NZD at .75. And you know what that's done. I have actually helped him liquidate his position. He was almost 1 mill in losses. He never understood anything and if the bank said go short he would..lol.

Welcome back to the thread PCA. Thought I would never hear from you again after last time..lol. Have you done a live trade yet? or just nit picking people apart to build yourself up? Would appreciate some live trades.

Trading last night was ok, made my daily average $500 approx. Happy with that.

no, still paper trading. Wish that one day I can become such a hot shot like you hahaha.

[ATF]

Hi, I mostly trade US and European stocks and options. Only FX I trade is cash margin but you may find this presentation interesting because it's exactly what I have been experiencing over the last six months.

http://products.simpleroptions.com/hft-webinar-replay-1pm/?inf_contact_key=1cb98fcbafd2eafc4e46737fb367db31d7a27fce18d93337f5817a513592876a

I'd like to discuss any ideas with like minded traders also.