FOREX PRO Weekly May 28 - June 01, 2012

[asif faryad]

How much are you guys actually making trading per month ? I regularly make between $3k and $4k monthly, and to be honest ... It's all thanks to Sive and the FPA community, Science bless you all.

Louis

If your making this consistently thats an excellent record.

It all depends on the size of your account and above all the RISK MANAGEMENT as its a business..

I am paying my the last instalment on my new house in Cyprus all out my FX business,so skies the limit in terms of what you can earn,but please as i found this the very hard way approach this business as a serious business..

As a lot people are to busy looking at so many systems attending seminars etc i no as i have done it!!!!

It boils down to one very simple thing to be a Trader you need to think differently so the psychology of trading is the UPMOST and only thing that a trader needs to concentrate on.

I highly recommend a book called Trading in the Zone by Mark Douglas..

I warn you once you start to think like a trader the only slight draw back it can get slightly lonely lol lol as your friends family may think you have gone loopy!!! But if you have a passion for life and have good hobbies NOT AN ISSUE as you are as free as a bird!!!!!

Sorry for the long message!

Best

A

 

[Triantus Shango]

jesus, lolly, how should i know? it depends on your RRR, entry price, TF, and so on. but if your question was actually asking if i think this is as high as it's gonna get today, well... have no clue about that. regardless, i'd have closed when the price hit the 100 MA on H1. from now, it's anybody's guess, i suppose.

same here mate...
going to close my long position..iz it rite triantus..???

 

[Triantus Shango]

couldn't agree more. asif, you're our fountain-of-wisdom. ;-)

 

[Triantus Shango]

yeah asif, am busy building a startup so the chat room had to take a backseat. $ is good ;-) but still, i got a mental problem. i swear, sometimes i wonder who is in control, not closing when i should and so on... the usual nonsense. one's own mind is the most difficult obstacle to overcome in this business. anyway, have a good weekend too. hope you enjoy your well-deserved and hard-won financial independence.

Hey Buddy,

Your really becoming a very good Analyst ) and information centre..

I sincerely hope you are making as much money from trading as what you deserve mate!!

I popped in to the chat room no one there?? however i have been out of UK for a few weeks so not been to active there..

Have a good weekend!!!

A

 

[asif faryad]

couldn't agree more. asif, you're our fountain-of-wisdom. ;-)

Dont no about the Wisdom bit but definitely a Fountain!!!!!!!

I am planning on meeting Sive soon will get a signed autograph no this is a cool guy of wisdom!!!!

Hope to have a meet with you one day once can locate your secret hideout will get my buddies from interpol to help ..lol

Have a great weekend mate!!!!!!!

A

 

[asif faryad]

yeah asif, am busy building a startup so the chat room had to take a backseat. $ is good ;-) but still, i got a mental problem. i swear, sometimes i wonder who is in control, not closing when i should and so on... the usual nonsense. one's own mind is the most difficult obstacle to overcome in this business. anyway, have a good weekend too. hope you enjoy your well-deserved and hard-won financial indepence.

Use STOP LOSSES I JUST GOT STOPPED OUT ON THE NFP NUMBERS!!! BUT THE S/L SAVED ME HAVE RE ENTRED AT 12455 AGAIN SELL AS YOU NO I AM A PERMA BEAR...

AND READ THAT BOOK AGAIN UNTIL IT BECOMES PART OF YOU!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
THE ONLY ONE STANDING FOR YOUR SUCCESS MOVING FOWARD IS GUSSED CORRECT YOU

 

[Louis123321]

Use STOP LOSSES I JUST GOT STOPPED OUT ON THE NFP NUMBERS!!! BUT THE S/L SAVED ME HAVE RE ENTRED AT 12455 AGAIN SELL AS YOU NO I AM A PERMA BEAR...

AND READ THAT BOOK AGAIN UNTIL IT BECOMES PART OF YOU!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
THE ONLY ONE STANDING FOR YOUR SUCCESS MOVING FOWARD IS GUSSED CORRECT YOU

Me too Asif, I got stopped out on one trade but like I just posted, I still see a downward continuation from the touching of 1.2455, I have also re entered short at this level ... Roll on bears !

 

[asif faryad]

Me too Asif, I got stopped out on one trade but like I just posted, I still see a downward continuation from the touching of 1.2455, I have also re entered short at this level ... Roll on bears !

Yeah!! Louis just took everyone's stops who were short with small s/l and new sellers are in so down again!!!!

its Up and Down then Sideways this business.....

lol ))

Yes the probability looks as a continuation of downward move as Sives monthly view..

Dont forgot the longer term probability is 116000 eur/usd but along the way will get rallies!!!!!

Enjoy the weekend and your doing great as long as your sticking by your trading rules!!!!!

 

[asif faryad]

Me too Asif, I got stopped out on one trade but like I just posted, I still see a downward continuation from the touching of 1.2455, I have also re entered short at this level ... Roll on bears !

Ps::Remember

Bears make money
Bulls make money

PIGS GET SLAUGHTERED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

))

Asif

 

[MidnightRun]

Everybody seems to have started talking about QE3. Don't you guys think that if indeed QE3 is perceived by the market as a very real probability this will affect the pair dramatically (i.e. it will shoot north)?
Thanks