FOREX PRO Weekly January 23-27, 2012

pragmatic

Corporal
Messages
109
Hi nicolebobbin and the rest of you guys,

To release the pressure on your mind that you need to trade on every single day without a rest and for those who feel we can't let every single move go away without take advantage on it, just take a look at my poor long term (2 years) trading plan. You can take it if you want and you may ignore it if you think it is not practical.
With the initial capital of USD4,000 and small green pips (3-8% of your available capital) in every trade you made, 5 to 10 trades every month, you can earn as much as USD1.5MILLION IN 2 YEARS PERIOD!!!!
The idea is, to avoid us too rushing to catch the boat because you have a plan that for me is logic to achieve and it is not difficult to implement. Just wait the signal and if we miss it, it doesn't frustrated too much cause according to this plan, we can wait another boat to come. With Sive wonderful analysis and helps, it become more easier to succeed.
But you can't draw your profit cause it will reduce your total profit at the end of your trading plan period.
Just be patience!!!!

Thanks and Best Regards

Hi there!
I dont see anything wrong with your moderate approach to trading volume. I think you are wrong though with establishing profit targets, because that is what you are doing even if the target is small.
Even if I will not profit anything from forex, the major lesson that I learned is that I dont control profit. The only thing that I can do is to manage the risk. This lesson also applies in many aspects of life.
 

Sive Morten

Special Consultant to the FPA
Messages
14,046
It's damn difficult reading the analysis when the page keeps jumping to the top to show ads. Do we really need this?

Guys, decide by yourself what is more comfortable for you - to read all updates in the beginning of the thread, or to scroll it up and down to search neccesary update...
I will post updates as you wish... for me there is no difference where to place it - on top or just by next post on current page...
 

MidnightRun

Sergeant
Messages
186
Updates in one place are much more efficient (saves time) and better. I think what Sive is doing this week should be how it is. Thank you.
 

Joh

Sergeant Major
Messages
976
Took me a few times to find your updates were at the beginning-what a great idea, thank you -
Sive thank you for all your hard work you so kindly do and offer us so generously -awesome-
and much appreciated. regards Joh
 

rashidin5178

Sergeant
Messages
244
Hi there!
I dont see anything wrong with your moderate approach to trading volume. I think you are wrong though with establishing profit targets, because that is what you are doing even if the target is small.
Even if I will not profit anything from forex, the major lesson that I learned is that I dont control profit. The only thing that I can do is to manage the risk. This lesson also applies in many aspects of life.

It's up to you how you want to manage the risk. The point is you should have long term plan that should suit to your trading style and ability. Let say you are good in scalping, then maybe you can scalp 10pips for each trade. That's mean you need 3 trades/trade number to be equal to 30pips. Or you are willing to swing rather than scalp, then carry on with what you think most suitable to you. So the idea is you choose the best context to trade i.e. in strong trend or in clear context. But it is not ideal all the time. The important thing is you have the target on every month and you suppose to achieve it without compromising risk management.
I just give an example that with proper money mgt and small profit target you can earn descent money in your wallet.
Thanks and Best Regards
 

TraderBob

Private, 1st Class
Messages
34
Did you post your text version today?

Guys, decide by yourself what is more comfortable for you - to read all updates in the beginning of the thread, or to scroll it up and down to search neccesary update...
I will post updates as you wish... for me there is no difference where to place it - on top or just by next post on current page...

Did you post your text version today?
 

Aldo Colombo

Corporal
Messages
107
Guys, decide by yourself what is more comfortable for you - to read all updates in the beginning of the thread, or to scroll it up and down to search neccesary update...
I will post updates as you wish... for me there is no difference where to place it - on top or just by next post on current page...
I don´t have any issues with ads. I also find it better organized as it is now.
 

solitairefx

Recruit
Messages
6
Hai Sive

Butterfly "Sell" pattern already done 2 hours ago. My open position Buy at 1.2942, Where is the higher price fo today ?
Thanks for everything.

Best Regards,
Sol
 
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