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EURUSD Made 1400 USD today in 1hr
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kebaya
#1 Posted : Friday, February 05, 2010 9:01:50 AM
Rank: New-farer

Joined: 2/3/2010
Posts: 66
Location: at the trading terminal
I am attaching an example of a trade i entered a few minutes ago. Its for the doubters and naysayers.

For those willing to learn ...i can teach you..

I got a sell signal. Euro fell 70 pips. I put in two lots. 1 hr later my account reads 1400 USD profit.

The pink lines are the points i entered and exited my trade.

As you can see later on..the markets reversed another cool...50 pips...thats another 1000 USD kwa account..total 2400 USD in 1.5 hrs.




End of day EURUSD - 290 pips later...take note of the tops and bottoms...the pink lines show where i entered and exited

Take note i was able to know the impact of NFP a few minutes in advance..

Grabbing the bull by the horns till am the last trader standing
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  | | Edit by user: Friday, February 05, 2010 5:41 PM | Reason: Adding end of day price chart
ngapat
#2 Posted : Friday, February 05, 2010 9:27:34 AM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
I'm doing a demo with alpari uk and just made 3 pips from the same cross you made 70pips. i envy you bro but dont you think you are risking too much. if you double your money too fast, be worried you could lose it too fast as well. all the same i,ve discoved the best way to trade is along the trend so i wait for an entry signal inthe direction of the trend. Problem comes when the trend is reversing, you are caught pants down.
“Invest in yourself. Your career is the engine of your wealth.”
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kebaya
#3 Posted : Friday, February 05, 2010 9:31:05 AM
Rank: New-farer

Joined: 2/3/2010
Posts: 66
Location: at the trading terminal
Yeah...i have ever burnt my hands like that...the more you do it..the more the fear goes..

...but you have to risk to gain...my advise is ...if your account is below 5k, trade with 0.3 lots....after that go 1 lot. 1 lot you make money faster.

I can show you another trick for the 1 min chart....you can make up to 500 pips in a day.

3pips is good..keep growing..check your emotions..dnt look at candlesticks for long..they will flirt with you and tease and make you have a heart attack..

to guard against reversals...use trailing stop EA's.

If you sure about a trend...just put your SL..and close your lappy...dnt keep stairing at the market..the worst that can happen is your SL being hit.
Grabbing the bull by the horns till am the last trader standing
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  | | Edit by user: Friday, February 05, 2010 9:45 AM | Reason: more explanation
ngapat
#4 Posted : Friday, February 05, 2010 9:57:17 AM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
Who is the best forex broker. I,m not satsified by alpari when it comes to putting stops expecially now that ive decided to be a scalper
“Invest in yourself. Your career is the engine of your wealth.”
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kebaya
#5 Posted : Friday, February 05, 2010 10:02:48 AM
Rank: New-farer

Joined: 2/3/2010
Posts: 66
Location: at the trading terminal
What is the problem?

www.fxpro.com

www.mbtrading.com

www.fxcm.com

www.windsorbrokersltd.biz

www.tadawulfx.com

Grabbing the bull by the horns till am the last trader standing
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ngapat
#6 Posted : Friday, February 05, 2010 12:01:36 PM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
wow, i just made 30 pips from eur/usd, the most pips i've ever made. bought at 1.36722 and sold at 1.37030.The trade continued up to 1.3720 and i felt bad of the lost pips
“Invest in yourself. Your career is the engine of your wealth.”
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kishindo
#7 Posted : Friday, February 05, 2010 3:04:51 PM
Rank: Member

Joined: 1/11/2008
Posts: 121
@kebaya this is greek to me!! Pips etc.... im sooo in floatville,what are you guyz up to in laymans terms?
I want to learn from scratch this year n then engage in 2011....references..any?
Less is more....for Architects only!!
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kebaya
#8 Posted : Friday, February 05, 2010 3:41:18 PM
Rank: New-farer

Joined: 2/3/2010
Posts: 66
Location: at the trading terminal
@ngapat - i made 290 pips today on EURUSD 5min chart

@kishindo - PIPS - percentage in points , 1 pip is $10 for 1 lot transaction
Grabbing the bull by the horns till am the last trader standing
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kilabe
#9 Posted : Friday, February 05, 2010 3:43:15 PM
Rank: Member

Joined: 7/18/2008
Posts: 53
With all due respect to the new farers and all budding entepreneurs, this debate of forex and related like have been discussed before and it would be wise if you check some posts you will find many rather than duplicating.

About forex,if its real or not its up to you ,but on my opinion its like a get rich quick scheme and i have not seen anyone making money out of it rather they all teach???(fraud) but they dont have money..how can you teach and you have nothing to show. These are things practised by instituions and seasoned businessman out there but for poor kenyans dont try, because thousands have been conned and end up miserable
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kebaya
#10 Posted : Friday, February 05, 2010 3:50:59 PM
Rank: New-farer

Joined: 2/3/2010
Posts: 66
Location: at the trading terminal
@kilabe - i do respect your opinion. You have just not met successful traders. you have just met those who are guessing ....you have not met real traders...

I understand...i blame it on socialization...people are not used to making such money that quick..its too hard to believe...yet there are some traders who even make same amount on our NSE....its all to do with the trader...

I am here not to convince anyone to do forex and futures..i am here to build a generation of kick butting traders..and offer encouragement to budding traders who are having a difficult time

Its your choice not to believe...
Grabbing the bull by the horns till am the last trader standing
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