That was a sweet $195 scalp. Small but helps the confidence after a long losing streak 
5% - 10% profit per day trading
- Thread starter spanish89
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lol
nicely done mate.
ive been thinking sorta the same,
waiting till ftse gets near teh 4026 support level and as soon as dow n it do a reversal formation start to rise there just smasjhing it at £10 per tick, no stoploss,
and as soon as it rises 100points (2.5%) i make £1000...
Although i know that with teh luck ive been having the senc di do that the entire thing will crash down to new lows!
nicely done mate.
ive been thinking sorta the same,
waiting till ftse gets near teh 4026 support level and as soon as dow n it do a reversal formation start to rise there just smasjhing it at £10 per tick, no stoploss,
and as soon as it rises 100points (2.5%) i make £1000...
Although i know that with teh luck ive been having the senc di do that the entire thing will crash down to new lows!
lol yeah i am scared of the same thing. I have a sick feeling in my stomach, that the moment i get in, it will just move 50 ticks against me.
Dude, I am seriously getting frustrated with my trading. I hope crude goes to back to normal, otherwise, I would have to find something else to trade.
Dude, I am seriously getting frustrated with my trading. I hope crude goes to back to normal, otherwise, I would have to find something else to trade.
I downloaded a demo of CMSForex and started trading in GBPUSD
Short 1 @ 1.4726
Short 3 @ 1.4722
Total margin used = $1000
Total Profit at the time of this post = $1700
This is frikin un believable
What am I missing guys?
Btw target is 1.4651. I have never traded forex before and my entry and exit are based on a simple glance at the chart. It was an up trending channel and was at its resistance. It was rallying for quite sometime and I thought it was time to go short and put buy limit at a safe distance above support.
Short 1 @ 1.4726
Short 3 @ 1.4722
Total margin used = $1000
Total Profit at the time of this post = $1700
This is frikin un believable
What am I missing guys?
Btw target is 1.4651. I have never traded forex before and my entry and exit are based on a simple glance at the chart. It was an up trending channel and was at its resistance. It was rallying for quite sometime and I thought it was time to go short and put buy limit at a safe distance above support.
Nice 1 usman. If you do come up with a winning strategy in forex, start trading it. I have had mixed success in the past, but want to get more active in it if oil just sits like this for awhile.
That looks fantastic.
Out of your results you posted, what percentage are based on the semi-automated system and what percentage based on your discretionary system?
You say your semi-automated system is based on volume and statistics are we talking market Profile or bolinger bands or something else?
Have you backtested your strategies?
Thats the thing though mate, its not just crude thats not moved all week, this has been going on in all the markets! 
dow n ftse sideways, even with all the jobless numbers n stuff,
currencies in tight 60pip rangs, gold is even duller moving than oil is ..
the only thing with actual movement that we could trade are the exotic lower-class currency pairs like the 'zimbabwe dollar/columbian money' or 'kenya dimes/icelandic kroners'!! 
Since they are valued in numbers like 12.6098560,
so you need to only trade at £1 per tick and catch a fraction of a percent move in them and you make a few hundred quid.
ALthough you can also lose a few hunred in 1second on them + the spread is a few hundred pips!
dow n ftse sideways, even with all the jobless numbers n stuff,
currencies in tight 60pip rangs, gold is even duller moving than oil is ..
the only thing with actual movement that we could trade are the exotic lower-class currency pairs like the 'zimbabwe dollar/columbian money' or 'kenya dimes/icelandic kroners'!!
Since they are valued in numbers like 12.6098560,
so you need to only trade at £1 per tick and catch a fraction of a percent move in them and you make a few hundred quid.
ALthough you can also lose a few hunred in 1second on them + the spread is a few hundred pips!
Quote from spanish89:
the only thing with actual movement that we could trade are the exotic lower-class currency pairs like the 'zimbabwe dollar/columbian money' or 'kenya dimes/icelandic kroners'!!
Oh on a serious note, we might not be too far away from Zimbabwe the way central banks are printing money these days. Bernanke is out of his mind. He created $2 trillion dollars in 2 months from 10/08-12/08 LOL
Quote from lemeeeplay:
Oh on a serious note, we might not be too far away from Zimbabwe the way central banks are printing money these days. Bernanke is out of his mind. He created $2 trillion dollars in 2 months from 10/08-12/08 LOL
And yet the dollar has simply gotten stronger as that happend! hehe
every rate cut merely added a few hundred more pips strength to the dollar to.
So now theres a situation where the usa fed are simply printing billions of sheets of paper everyday,
rates at 0%, so they are technically actually paying banks to simply take that money off them then,
But alll around the rest of the world everyday people are making higher bids to buy that paper money off the bnaks!
Gna be so funny to see this collapse suddenly 1day
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