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magnumfreak replied Jan 4, 2010I quit watching the news a long time ago. Momma always told me that if you don't have anything good to say about someone SHUT THE HELL UP!! LOL! Seriously the news offers nothing I need to know. I really don't care about Michael Jackson or Tiger ...
Cesarnc's market talk, gossips, rumours & fun
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magnumfreak replied Jan 4, 2010yes. if 2 candles prior price closed above and 1 candle prior it closed below it will open a short trade provided there are no open long trades. the opposite is true for a long trade.
Horizontal Line EA
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magnumfreak replied Jan 3, 2010code doesn't draw a horizontal line. Change the variable horizontalline to the value you want the ea to trigger on.
Horizontal Line EA
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magnumfreak replied Jan 2, 2010You can do it. I have kept up with your journal and the mistakes you made were just rookie mistakes. It is all a part of learning how to trade. I believe we will see great things from this thread in 2010.

4% A Day Forever
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magnumfreak replied Jan 2, 2010using a consistent stop size as you did in your example, if you do not adjust the size of the trade after each loss then you are increasing the risk each trade and not maintaining 0.5% risk. It is basic math. 0.5% of 50k is 250, 0.5% of 25k is 125. ...
Poll: Is successful trading more dependent on skill than luck?
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magnumfreak replied Jan 2, 2010If you are truly wanting to help people and not charge for it, why not just teach them to trade your way. That way their signals are instantaneous and they will continue to benefit even if you go away.
You've Got Ideas, Post'em Here.
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magnumfreak replied Jan 2, 2010at 0.5% risk on 50k after 200 losing trades you still have 18,440.04 in the account.
It takes about 920 losing trades to drop down to the point of being below 1 micro lot traded. at 2% risk per trade it would take 228 trades to drop below the ...Poll: Is successful trading more dependent on skill than luck?
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magnumfreak replied Jan 1, 2010couldn't agree more.
Newbie Traders: Trading Advice from Someone With Beard
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magnumfreak replied Jan 1, 2010url scroll down and you will see the formula for IFish.
What is the formula for the IFish indicator?
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magnumfreak replied Dec 31, 2009indicators are like golf clubs. They won't make you any better unless you learn how to use them properly.
I actually use a combination of S&R with indicators. Everyone has to find a method that works for them.How my Trading took BIG turn...
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magnumfreak replied Dec 31, 2009I don't put a whole lot of faith in any trends this or last week. Markets are relatively thin and because of that can be pushed around easier than normal. Looking forward to getting past all of these holidays and getting back to some good volatility. ...
Unemployment Claims This Morning
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magnumfreak replied Dec 31, 2009I show a spike down in EURUSD which indicates USD strength. Where is the confusion??
Unemployment Claims This Morning
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magnumfreak replied Dec 30, 2009I still get excited when I see green pips. No big deal. I quickly return to the mechanics of the trade. Stop moving, etc. It is just something you learn over time. I also don't look at my trading platform much. I keep the very bottom visible so I ...
Removing euphoria from winning trades?
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magnumfreak replied Dec 30, 2009Yes Define huge. I have never had a withdrawal take more than 48 hours. If people would quit using fly by night brokers this wouldn't be an issue. If you go to their website with a name like EZ4XMoney4U.com maybe you should go somewhere else. LOL! I ...
Broker for Full time trader?
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magnumfreak replied Dec 30, 2009

What are you 8 maybe 10 years old or something??? You can't quit porn. Holy crap that was funny. You can't quit because you are too busy making excuses to make it happen. Weak mind. Mentors are like personal trainers in the gym. ...Newbie Traders: Trading Advice from Someone With Balls
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magnumfreak replied Dec 30, 2009maybe you should go back and read my post again. I never said anything about a rigid TP. I look for trendline breaks and/or price movement around support and resistance to determine my exits. I certainly do not rely on any lame lagging moving ...
Entry is easy, but Exit is really difficult
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magnumfreak replied Dec 30, 2009I am not saying you shouldn't catch 80+% I am saying it isn't required for success in trading. Too many people beat themselves up over exiting a trade too soon instead of celebrating the success of the trade.
Entry is easy, but Exit is really difficult