not ideal entry as per my usual strategy.
trying new thing, so let see
Trading Journal (only my take) 385 replies
Trading gold and silver only 59 replies
An idea for building wealth...using only gold 9 replies
GOLD traders only 90 replies
Disliked{quote} Mate, to get 600% in 3 days starting from 10k you have to double it everyday. With the current leverage and margin requirement for this contest it is not possible to do it with currencies. Unless you scalp like crazy without sleeping and having perfect entries/exit. I check their track record, but you cannot see that they trade. Only the percentage. And there are a lot of lucky guys over there. Yesterday a guy was fist with 70k...he blew most of it todatIgnored
DislikedFor Monday, the target could be more, 1230 to 1250. If some one has patience and emotion control.Ignored
Disliked{quote} Yes, I think we may need to wait till monday...not sure if 1220 will be taken today...Ignored
Disliked{quote} I repeat: think what they can do.. with lower risk appetite.. I would not risk more than 1 - 2% in a day.. In the contest.. I risked as much 10% I agree.. only risk.. I did not lose more than 2%.. yet, that was bad.. that was a contest.. & guess where am I? I have made more than 15% this week by far.. absolute drawdown should not be more than 2% IMO. How about guys like me? who are happy to use leverage like 1:10 ? actually use like 1:4 or max 1:8 in IndiaIgnored
Disliked{quote} Agree, risk management is very important in order to survive in this business. I used to earn 10 -50% a day, but it is very hard to be consistent, and blew my account couple of times due to bad risk mgt. Now with 1-5% daily would be more than happy.Ignored
Disliked{quote} Agree, risk management is very important in order to survive in this business. I used to earn 10 -50% a day, but it is very hard to be consistent, and blew my account couple of times due to bad risk mgt. Now with 1-5% daily would be more than happy.Ignored
DislikedFor Monday, the target could be more, 1230 to 1250. If some one has patience and emotion control.Ignored
Disliked{quote} I repeat: think what they can do.. with lower risk appetite.. I would not risk more than 1 - 2% in a day.. In the contest.. I risked as much 10% I agree.. only risk.. I did not lose more than 2%.. yet, that was bad.. that was a contest.. & guess where am I? I have made more than 15% this week by far.. absolute drawdown should not be more than 2% IMO. How about guys like me? who are happy to use leverage like 1:10 ? actually use like 1:4 or max 1:8 in IndiaIgnored
Disliked{quote} Patience & emotion control must be supported with analysis based on Pure Maths & Science.. Otherwise patience won't lead you anywhere. You have to be right as well.. over & over again..Ignored
Disliked{quote} Yes but during the contest they use high leverage, and i agree that with their real account they must do really good. If you want to win the contest, bet 50% all the time. I know they won't do that on a real account, but its fun EDIT : Trying gold shorts with tight tight stop as we go upIgnored
Disliked{quote} Dude, Its not about winning the contest.. the 1st prize is like 1K, if I'm not wrong.. The top guys there are not for that 1K.. Plz think beyond... http://www.forexfactory.com/showthre...68#post8083668Ignored