Friends todays inventories provided by AVAFX are showing the market

 

is volital.

yea, jeff, market have been pretty much volatile since the last half of this year..Nice

observation, though..

Quote from increasenow:

 

TO: ForexGreenLand

 

Great thread!

 

 

Questions for you:

 

1-looks like you are consumed with the GBP/USD...why only this currency?...do you trade

 

others?

 

2-do you only trade micro lots or standard size lots ever?I seen you neveer trade even 1

 

lot...

 

3-you made $3,000K since you opened the account...do you have a job or other investments you

 

live off?

 

4-where do you live and what hours do you trade Forex?

 

Great trading to you!!

Helloo there, increasenow,

from the tone of your comment, you seem to be hiding some heavy sarcascm beneath velvet

gloves, or shall we say , ''cat's paw''? maybe its just a reflection of your inner mental

processes at work...well, I'm in a good mood so I'll humour you for now and give you some

answers..

1- consumed with GBPUSD? What do you think this, alcoholic consumption frenzy? Trading is a

wide field like medicine,law,or any other profession out there...it pays to specialize in

one or two currencies well and be profitable, than to be jack of all trades and master of

loss..ever heard of comparative advantage? Warren Buffet said something along the line of

diversification are for those that dont really know what they are doing...put your eggs in

few baskets as possible , and watch them like a hawk...so in order words, I trade all

currencies and I specialize on the cable, just like I said on my begining post here.

2 - I manage forex accounts ranging from tens of thousands minimum, to millions of

dollars..That sample detailed report you saw was based on how much return of investment(ROI)

gained monthly from a minimum of 10k. Due to my style of trading, risk and money management

is of top priority in the first objective of preservation of capital.

The second objective of making profits comes next.I want you to understand that in trading,

garbage in, garbage out...right thinking, right product..

Never risk more than 2% to 3% of your capital in any trade...For a 10k account, dont risk

more than 200 dollars..for a 100k account, dont risk more than 2000 dollars, for a $1m

account, dont risk more than 20k in a trade..

So in the context of this sample, why should a professional trader use 1 standard lot on a

10k account, if risk mgt suggest $200(2%) risk on a single trade for that equity ? You have

the potential of losing $2,000 on a trade, which is 20% of the 10k equity, instead of just

$200 or 2%..That 20% keeps you in the game for just 5 times, while the 2% keeps you in the

game for 50 times...Devrim, a forex trader lost 90% of his million dollar account because he

wasnt using stops...learn from the mistakes of others..maybe you should go back and read

this..

http://www.babypips.com/school/drawdown_an...m_drawdown.html

The higher your equity, the better capitalized you are...Dont be fooled by adverts telling

you to trade forex for $10 or $100 or claiming you can make gazillions out of a palty amount

...doesnt work that way...from your name,increasenow,dont be greedy,

3- 3k from a 10k account in 3 months amounting to an average of 10 % monthly, is not too bad

in my opinion, considering the last 3 months have been the most volatile and uncertainity

filled period in the markets, with the global economic crises,recession troubles and bad

news transmitted everywhere.. ..

Traditionally, months from October through December, have always been very hectic for

traders...most rarely trade during the period as banks, hedge funds square off positions to

the detriment of the undercapitalized and inexperienced traders.

For the 3 month to a year period, bonds have been below 2%, Treasuries Bills rates have been

slashed to pieces and stock index have been on negative for the last 9 months now..so why

make jest of a 30% return in 3 months, if you are not a court jester?

http://finance.yahoo.com/bonds/composite_bond_rates

http://www.bankrate.com/brm/ratewatch/treasury.asp

For the record, that 10k account is just a SAMPLE of the other currency based accounts that

is being managed, amongst other investments.

4- Where do I live? Though trading is a lonely business, No stalking , please...

Hi Stallion,thanks for the report,am considered taking up your managed account service,if

 

those profit trades are sustainable in the longterm.i understand the risks of trading so am

 

not looking for wild returns or whatnot, just something consistent i need.thanks once again

 

maestro

no probs, lancelot...

[09:09:41 08/12/08] Stalion : helloo there everyone

[09:24:35 08/12/08] klho83 : hi Stal

[09:51:36 08/12/08] fasi26 : hi alz

[10:10:02 08/12/08] Stalion : hi fasi

[10:11:18 08/12/08] Stalion : our sunday trade didnt work out as planned, so we put a buy

stop on gbpusd @ 1.5045..1st target @ 1.5105..2nd target @ 1.5165...3rd target @ 1.5225...50

pip sl

[10:15:25 08/12/08] klho83 : OK Thanks!

[10:24:08 08/12/08] fasi26 : hi allz

[10:29:01 08/12/08] fasi26 : shuld v go for EUR/USD sell stop

[10:36:48 08/12/08] fasi26 : helloooooooooooo

[10:42:08 08/12/08] fasi26 : Stalion?????????

[10:46:05 08/12/08] Stalion : hi

[10:47:34 08/12/08] fasi26 : hi sir how ru

[10:48:28 08/12/08] Stalion : am okay

[10:48:31 08/12/08] Stalion : and you?

[10:48:40 08/12/08] fasi26 : same here thnx

[10:49:22 08/12/08] Stalion : we also put a sell stop on gbpusd , as a hedge, @

1.4945....1st target @ 1.4900,2nd target@ 1.4855,3rd target @ 1.4815....50 pip sl away

[10:49:27 08/12/08] fasi26 : eur/usd ?

[10:51:40 08/12/08] fasi26 : hmmmm i entered

[10:51:53 08/12/08] fasi26 : but i m luking for eur.usd any tip

[10:53:05 08/12/08] Stalion : for eurodollar, a sell stop @ 1.2869...1st target @

1.2847...2nd target@ 1.2825....50 pip sl away

[10:53:13 08/12/08] Stalion : hi avak

[10:53:26 08/12/08] fasi26 : hmmm k

[10:54:58 08/12/08] fasi26 : i got 1.4900 ... 1st trgt @ 1.4850

[10:58:50 08/12/08] fasi26 : ?

[10:59:58 08/12/08] fasi26 : did u see eur.usd forum

[11:00:24 08/12/08] Stalion : nope...where?

[11:00:37 08/12/08] fasi26 : dailyfx forum

[11:01:25 08/12/08] Stalion : whats happening there?

[11:08:29 08/12/08] Stalion : hellloooo, fasi....?please wake up....2nd target hit

http://i72.servimg.com/u/f72/11/82/15/01/jiuce210.gif

[11:16:50 08/12/08] Stalion : not yet.....

[11:26:32 08/12/08] Stalion : remember to take half profits after +20 pips ahead...

[11:26:39 08/12/08] Stalion : then shift sl to entry

[11:37:52 08/12/08] Avak1988 : hello Stalion

[11:38:27 08/12/08] Avak1988 : I just try to understand what is going on and how do you work

here

sell stop on gbpusd @ 14745...1st target @ 14705..2nd target @ 14665...3rd target@

14625...also as a hedge, we put a buy stop @ 14825...1st target @ 14865...2nd target @

14900...50 pip sl on both..

Please remember to take half profits after you are +20 pips while shifting stop loss to

entry. And 15 to 25 pip trailing stop should be used after 2 nd have hit..