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Magic Trader replied Aug 26, 2010Perhaps you could do with a fewer less trades Ben. How was your experiment with max leverage? I would think that would be ideal. Make 5 trades a day with max leverage and get out with +++ pips.
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Magic Trader replied Aug 25, 2010Great entry Ben! How did you know to sell at 1241.5? I'm watching now. May short at 1237.
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Magic Trader replied Aug 24, 2010Nice GOLD trade buddy. You're getting good at that pair. Here's a small trade on EU just now. Not a lot of time for trading today.
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Magic Trader replied Aug 23, 2010I don't know Ben. It might depend on one's MM. Personally I try to get 10% ROE each month. If I can do that consistently for a year, there may be a chance to do this thing longterm. What are you goals right now?
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Magic Trader replied Aug 20, 2010Nice trading arrais. Welcome to the group. Ben is awesome and very open to all ideas. The rest of the fellas in here are doing well. It's a good group. In Oanda, click CHART OPTIONS and then SHOW HISTORICAL TRADES. Have a great weekend everyone.
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Magic Trader replied Aug 19, 2010Trading is coming along well Ben. I'm focusing on GU and trying to nail down S/R on that pair. When I have something good, I'll let you all in. Takes time. But really enjoy reading what everyone is doing on here. Gives me good ideas. Oyasumi!
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Magic Trader replied Aug 19, 2010Awesome chart Ben. That slope is key. Keep talking. Enjoy reading what you're thinking.
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Magic Trader replied Aug 18, 2010Please share more about your MM, Ffrank. How are you able to trade with a 1 pip SL? What is your TP? Sounds interesting.
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Magic Trader replied Aug 18, 2010GU — I'm trying to post more charts. Here's my favorite pair.
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Magic Trader replied Aug 17, 2010This is not a great example of the compression-pipe method. Though it did look better on the m1. A friend had given a level for .9067/70 and that was the reason for the trade. This pair is maddening!
Rising, those players and fans have to ...my trade
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Magic Trader replied Aug 17, 2010Sorry about dragging you into the AU trade. I'm about to close it out and sleep. At least we didn't follow Jack-0. What a scam: url
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Magic Trader replied Aug 17, 2010No news coming for 8 hours. This pair is so slow. Wanna sleep already. Want some coffee?
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Magic Trader replied Aug 17, 2010I dont usually trade this pair. And now I can see why. But I'm still holding thinking we might have hit a top for the day.
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Magic Trader replied Aug 17, 2010AUDUSD 1min. I'm short now. waiting for it to turn back down.
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Magic Trader replied Aug 12, 2010Gold 500 priceline — I hear you buddy. Hang in there. The more consistent and proficient we become, the closer we come to being full-time traders. Agree 100%. See chart.
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Magic Trader replied Aug 12, 2010I was planning to short GOLD too but just canceled my limit order at 1212.20. It looked compressed on the 5min but still looked bullish on the 30min. EURJPY is a great pair for s/r. That and GU are fantastic. It's like S/R = Laws of Physics on those ...
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Magic Trader replied Aug 12, 2010GOLD day 2 — Not a great day today as I started off with Gold again. The 30min looked like it was heading up. Also saw compression on the other TF, all the way down to 1min. 1st mistake was setting SL too tight, I think it was 50 pips or less ...
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Magic Trader replied Aug 11, 2010Great charts, my friend. And excellent perspective again on zoomed-out time frame. You are right that we should look for bigger TP since gold has a larger spread. And around 10:00 pm last night, it was making LH and LL (lower highs and lower lows). ...
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