Although it's not the indicator I use now...I started out using this strategy with a cci 14 with levels -300/300. Each time the market hit the -300/300 level I would enter a position. If I was wrong I would wait for the next -300/300 level hit. If a ...

Why 2-8% a Month Should Be Enough For All Traders

I to agree with a fee points he said but completely disagree on others. I do not think the forex can be predicted because there are to many trading strategies out there be used. Everybody is buying and selling at different times using all sorts of ...

Why 2-8% a Month Should Be Enough For All Traders

Yes, some impressive stuff out there... It can be done but some good skill and luck a definitely involved. Take a look at what this person did. url It's like they won the lottery. lol

Why 2-8% a Month Should Be Enough For All Traders

To each there own. I think scalping is a much harder life because you're in and out of trades quickly. It's so stressful. I did it for a long while and I couldn't pull away from my screen when trades were in. It was not the life I wanted. Swing ...

Why 2-8% a Month Should Be Enough For All Traders

Honestly your odds at say roulette or probably just as good or better then scalping the market. I was a professional roulette player for 2 years and would make $400-$600 a week. Over those 2 years I got so close to losing my entire bankroll of $5k. ...

Why 2-8% a Month Should Be Enough For All Traders

Sharing the strategy was not my intention of the thread although it's very tempting. It's difficult to give something away when you've spend years developing it. The thread was intended for sharing and talking about... 1. How to turn a losing trade ...

Why 2-8% a Month Should Be Enough For All Traders

So it sounds like you're saying scalping is the only way to succeed as a trader?

Why 2-8% a Month Should Be Enough For All Traders

I'm sorry if I offended you in any way. You are definitely entitled to your opinion and experience. I posted on your thread a couple times with some friendly suggestions just as many have done on my thread here. I do feel you've gotten very ...

Why 2-8% a Month Should Be Enough For All Traders

Well said. I have about an 80% win rate with each EA but want to keep the DD at 50% or lower at all times. I know during the worst of times like back in 2009 my EA hit about 65% DD but the rest of the 21 years it was 50% or lower. Using this type of ...

Why 2-8% a Month Should Be Enough For All Traders

First pic is Aprils trades so far... My EA uses the 4 hour time frame. This is why the 4 hour chart is posted. Second pic are March trades. See the first buy cycle of 3 trades? Well the EA didn't quite get the bottom of the move this time but it did ...

Why 2-8% a Month Should Be Enough For All Traders

So all interesting comments. Yes, some of you are right. This was all predetermined. This is not something I decided to do yesterday. It's been being planed for years now. I completely understand the concerns with this type of trading though. In my ...

Why 2-8% a Month Should Be Enough For All Traders

Thanks for your comment. Takes a lot of work and bad times before we get to the good. I'm shooting for 8-10% profit per month before I feel like I've truly made it. Right now I'm super close as my 2 EA's combined can give me up to 8% per month but ...

Why 2-8% a Month Should Be Enough For All Traders

Thanks for the response. I agree but unfortunately I've already tried what you said. It's incredibly hard to hit the backside of the move as we don't really know if we're in the front or the back. The indicators my EA use actually do a very good job ...

Why 2-8% a Month Should Be Enough For All Traders

Thanks for the advice. I was always worried about this in the past but I'm not any more. It would be very difficult to hack into a forex account. Nothing to hide here. It's no different then having an email account name. No one will figure out my ...

Why 2-8% a Month Should Be Enough For All Traders

Each trade takes 15 pips overall profit. You see the 6 trade sell cycle? Well overall I came out with 90 pips profit. 15 pips x 6 = 90 pips. All 6 trades closed at the same time. Even though first 2 sells were a loss the 4 after were all profit. The ...

Why 2-8% a Month Should Be Enough For All Traders

Interesting thread. Earnpipsnow, I've been reading your posts on this thread. You have a realistic view on forex that very few have. For example, If you go on ebay and search forex system you will see a butch of trash that's being sold promising ...

Million dollars dream - starting from $1000

well in my opinion, you're likely going to blow up your account 100 more times before you achieve this. You will need a very good strategy. A 70-80% win rate and probably some pretty heavy martingale trading when you have losses. It's definitely ...

From $1000 to $50000 Journey

Please don't make fun. Demanding 500% daily is unrealistic.

If 500% yearly profit was possible would you invest?