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dengzhi replied Dec 18, 2008remember its not about the pips, its about what % of your account did you make on those trades. one's 20 pips may be equal to your 200 pips.
Nomoretoxic's breakout
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dengzhi replied Dec 14, 2008what happen to your martingale baggio method? i read some posts of yours there (i never posted tho) what % ROI did you make off that in november? or have you stopped trading that method?
From 10k to 1 million...
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dengzhi replied Dec 13, 2008you can predict markets with a high degree of accuracy? and how long have you had such success? what? 1 month? oh you've been doing this for 10+ years? 20+ years? then why aren't you richer than Bill Gates? or at least in the forbes top 100 list?
Stop fooling yourself; There is no system
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dengzhi replied Dec 13, 2008there should be limits to one's optimism. sure maybe you can do this for 1 or 2 months but it is impossible to keep this going long term (6+ months). why? no single man in the world has a trillion dollars... if you start with just $100 and ...
Double my account each month
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dengzhi replied Dec 10, 2008it's not about pips, remember someone's 10 pips might be equal to your 300 pips.. it's about what % ROI can you make consistently every month
Cable Update (GBPUSD)
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dengzhi replied Dec 9, 2008I believe London Box should be 14:00-16:00 ET. However trading the NY box over the London box is preferred (since there is more volume)
7am-9am Big Dog USD Breakout Strategy
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dengzhi replied Dec 4, 2008there is no holy grail system. backtesting is worthless, you need to watch out for big news days like NFP, etc. Also any and every system will have losses, you need to accept losses as part of the game. Yes losses hurt but you must be prepared for ...
7am-9am Big Dog USD Breakout Strategy
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dengzhi replied Dec 4, 2008you have way too many lines on that chart. no matter what the price does you will have a justification for it and say it did this because of resistance here or because of support there.. that's just like putting a bunch of indicators on your chart, ...
Cable Update (GBPUSD)
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dengzhi replied Dec 3, 2008put money where your mouth is, we don't care about demo account results.
EURUSD
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dengzhi replied Nov 30, 2008agreed, I'm sure you've realized this too but all of these "experts" at cnbc, bloomberg, etc. get paid to BS. They themselves probably don't even trade forex because it's not a stable income, however writing articles and BSing/analyzing forex is ...
Cesarnc's market talk, gossips, rumours & fun
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dengzhi replied Nov 30, 2008hehe, don't worry, they will be sacked soon if not already with the way the current world economy is going.
Stop fooling yourself; There is no system
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dengzhi replied Nov 30, 2008forex is like roulette. the broker is the house. spread is where they take their cut. the second you get in a trade you are already at a disadvantage (the spread). just like the second you place your bet at roulette on black. you have a 47% chance ...
Stop fooling yourself; There is no system
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dengzhi replied Nov 30, 2008the reason why you have not lost a single trade in 2008 is because you've only made 5 trades this year. hardly a feat.
Stop fooling yourself; There is no system
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dengzhi replied Nov 30, 2008it seems you have missed the point. we don't care how many pips you made this week, IT'S NOT ABOUT PIPS! it's about ROI. what % of your account did you make this week? oh wait, maybe it was just a lucky week, i don't care what you made this week, or ...
Stop fooling yourself; There is no system
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dengzhi replied Nov 30, 2008I somewhat agree, trading forex is like gambling. if you are winning now, it's just like being on a winning streak at vegas. keep on going, a few hours later you will lose it all. A few months from now or a few years from now you will lose at forex. ...
Stop fooling yourself; There is no system
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dengzhi replied Nov 30, 2008the euro didn't even exist 30 years ago, how are they calculating their numbers..
EURUSD