Trade Like Large Financial Institutions (banks, hedgefunds e.t.c)

[ECN's]

We're done for the day and our pick for today was AUDCAD.
Below is an Image Report. Please realize you can only trade with our signal using an ECN platform where spreads are extremely low.

 

[ECN's]

Done for today. And our Ultimate Pick was CADJPY.

I felt I should post here our chat extract from yesterday's trading session. I will also post today's session too..

[5/17/2010 6:47:37 AM] ECN's: Hello Traders.
[5/17/2010 6:47:40 AM] ECN's: good morning..
[5/17/2010 6:48:14 AM] Jaum: good morning
[5/17/2010 6:48:38 AM] ECN's: L.K, good afternoon....
[5/17/2010 6:48:45 AM] ECN's: different time zone here..
[5/17/2010 6:49:09 AM] L.K. L.K: Hi good morning to you
[5/17/2010 6:50:42 AM] ECN's: ok, today out of our first group of pairs EU, GU, GCHF and GBPJPY. There's only 1 pick.
[5/17/2010 6:51:18 AM] ECN's: we should be shorting(selling) the GBPJPY in 9 minutes from now.
[5/17/2010 6:52:25 AM] ECN's: this means whatever figure the GBPJPY closes at in less than 9 minutes, SHort it without look back.
[5/17/2010 6:53:31 AM] ECN's: If plan changes, I will let you knw 2 minutes before the final close.
[5/17/2010 6:54:16 AM] ECN's: 6 minutes more.
[5/17/2010 6:55:06 AM] ECN's: 5minutes more.
[5/17/2010 6:56:14 AM] ECN's: 4 mins more
[5/17/2010 6:57:20 AM] ECN's: 3 minutes more.
[5/17/2010 6:58:02 AM] ECN's: 2 minutes more... Pause, Plan changed. Scanning second group.
[5/17/2010 7:00:24 AM] ECN's: Short AUDCAD now....
[5/17/2010 7:02:16 AM] ECN's: Short at 0.9125 TP: 0.9103 SL: 0.9425
[5/17/2010 7:03:39 AM] ECN's: at which figure did your shorts triggered?
[5/17/2010 7:03:44 AM] ECN's: Jaum?
[5/17/2010 7:03:51 AM] Jaum: 9126
[5/17/2010 7:04:02 AM] ECN's: L.K?
[5/17/2010 7:04:13 AM] L.K. L.K: 9128
[5/17/2010 7:04:22 AM] ECN's: ok.. nice...
[5/17/2010 7:06:14 AM] ECN's: If TP doesnt hit, try returning back here after 9hours to adjust It. This means it turned to a BEAR trap. We all have solutions to that.
[5/17/2010 7:07:04 AM] ECN's: one good thing about bear traps are (more bucks for your account after 1 day)
[5/17/2010 7:07:49 AM] ECN's: 1,2,3 days are all bucs. that's where the 3 days Rule comes in
[5/17/2010 7:08:56 AM] ECN's: and if it extends to 5 days, they the 5days Intant Exit comes in... ( all in profit.) not loss.
[5/17/2010 7:09:17 AM] ECN's: they=then***
[5/17/2010 7:10:26 AM] ECN's: for now, we are are through for the morning session. or through for the whole day if our TP hit. before 9hrs time. 11 AM NY Time.
[5/17/2010 7:13:32 AM] ECN's: guess our tp might hit. showing bit of bearing volume.
[5/17/2010 7:14:07 AM] ECN's: thats one good thing having multiple choice. over 4 pairs. ...
[5/17/2010 7:15:58 AM] ECN's: last week, we treated just 4 pairs; they all showed very little tradeable opp... but this week, I am sure with 12 pairs, opportunities will spring up from our charts like the air we breath
[5/17/2010 7:16:35 AM] Jaum: dax opens -74 points
[5/17/2010 7:16:38 AM] Jaum: panic
[5/17/2010 7:16:48 AM] ECN's: wow..
[5/17/2010 7:17:25 AM] ECN's: reason for -74...?
[5/17/2010 7:17:53 AM] Jaum: i have a system that calculates all stock before open
[5/17/2010 7:18:15 AM] Jaum: indexes i mean
[5/17/2010 7:18:27 AM] ECN's: ok... whats the reason for -74... something went wrong?
[5/17/2010 7:18:31 AM] Jaum: based on futures
[5/17/2010 7:18:41 AM] Jaum: no fundamentals
[5/17/2010 7:18:43 AM] ECN's: ok.
[5/17/2010 7:18:46 AM] Jaum: only price
[5/17/2010 7:18:52 AM] Jaum: everithing is wrong here
[5/17/2010 7:20:00 AM] ECN's: lol.. in FX, we're almost always right. Other traders might see or view the market as insane or market madness, but with us, the market is normal!
[5/17/2010 7:20:37 AM] ECN's: ...
[5/17/2010 7:20:43 AM] Jaum: i understand that u trade based on sl
[5/17/2010 7:20:51 AM] Jaum: ow do u see the sl?
[5/17/2010 7:21:02 AM] Jaum: how
[5/17/2010 7:21:54 AM] ECN's: i study how far the market can go should incase I'm trapped in a Bull/Bear Trp.
[5/17/2010 7:23:21 AM] ECN's: market can't go toooo far especially when the large traders needs to stop out the smaller guys.
[5/17/2010 7:23:48 AM] ECN's: most times, its doesnt go up to 240pips....
[5/17/2010 7:23:48 AM] Jaum: i see
[5/17/2010 7:23:58 AM] Jaum: i mean
[5/17/2010 7:24:10 AM] Jaum: how do u see the sl's you want to eat
[5/17/2010 7:24:14 AM] Jaum: from others
[5/17/2010 7:25:02 AM] Jaum: stock futures bouncing now
[5/17/2010 7:26:06 AM] ECN's: I dont see others SL, all I do is make the sl far enough to accomodate price and flunctuations before it finally reaches TP. The market doesnt move in a straight line! And it needs some spacing.
[5/17/2010 7:26:27 AM] Jaum: i see
[5/17/2010 7:26:40 AM] ECN's: 20pip, 50pip, 100pips are so close!
[5/17/2010 7:27:02 AM] ECN's: though based on your system really.
[5/17/2010 7:27:35 AM] ECN's: for my descrtionary strategy, little sl are killers.
[5/17/2010 7:27:54 AM] Jaum: i know
[5/17/2010 7:28:09 AM] Jaum: i understand wide sl of course
[5/17/2010 7:28:21 AM] ECN's: ok.. nice.
[5/17/2010 7:28:33 AM] Jaum: but when u said sl's need to be taken
[5/17/2010 7:28:40 AM] Jaum: how do u know?
[5/17/2010 7:31:53 AM] ECN's: large traders "Financial Firms, Banks and so on" need to cloud the mind of the smaller traders and make them perceive the market moves randomly when it doesnt. They do this so that the probality of success for the small guys are slim. If your Sl is taken, your account drops.
[5/17/2010 7:32:47 AM] ECN's: called financial bleeding, until your account is no more.
[5/17/2010 7:33:23 AM] ECN's: If your SL isnt taken, they will of course run out of business..
[5/17/2010 7:33:43 AM] ECN's: especially the brokers..
[5/17/2010 7:34:04 AM] ECN's: so they need more losing traders than successful ones.
[5/17/2010 7:34:17 AM] Jaum: i agree
[5/17/2010 7:34:17 AM] ECN's: moment pls..
[5/17/2010 7:34:28 AM] Jaum: have a nice day
[5/17/2010 7:43:54 AM] ECN's: back.
[5/17/2010 7:44:43 AM] ECN's: We do not base our judgement on probabilities; They are based on Certainty
[5/17/2010 8:32:48 AM] Eneb.I: gud morning bros
[5/17/2010 8:33:44 AM] ECN's: hello Enebeli.
[5/17/2010 8:33:50 AM] ECN's: you arrived late...
[5/17/2010 8:34:02 AM] ECN's: we already posted the signal on AUDCAD.
[5/17/2010 8:34:05 AM] ECN's: it was a short.
[5/17/2010 8:35:06 AM] Eneb.I: yes can i still go short
[5/17/2010 8:35:26 AM] ECN's: you can but very llow pips for you.
[5/17/2010 8:35:30 AM] Eneb.I: i hv to set it up d chart
[5/17/2010 8:36:32 AM] ECN's: ok.
[5/17/2010 8:36:54 AM] Eneb.I: ok setting up
[5/17/2010 8:37:17 AM] ECN's: here was the signal that was posted... [7:00:24 AM] ECN's: Short AUDCAD now....
[7:02:16 AM] ECN's: Short at 0.9125 TP: 0.9103 SL: 0.9425
[5/17/2010 8:37:55 AM] Eneb.I: ok
[5/17/2010 8:38:52 AM] Eneb.I: i m short now, but still setting up
[5/17/2010 8:39:06 AM] ECN's: k
[5/17/2010 8:43:40 AM] Eneb.I: short now, price 0.9113 sl 0.9425 tp 0.9103
[5/17/2010 8:44:10 AM] ECN's: ok.
[5/17/2010 8:45:02 AM] ECN's: If TP doent hit, please return to the group in 8hrs time, 11am NY Time to adjust TP.
[5/17/2010 8:45:28 AM] ECN's: and please do not overleverage your account.
[5/17/2010 8:46:10 AM] Eneb.I: my acct is 100:1, ok?
[5/17/2010 8:46:18 AM] ECN's: yes, I mean lot size.
[5/17/2010 8:46:40 AM] Eneb.I: lotsize is 0.1
[5/17/2010 8:46:41 AM] ECN's: minimum for our trading is 1k for 1 minilot.
[5/17/2010 8:47:28 AM] ECN's: maxmum lowest amount is at least 800usd
[5/17/2010 8:47:40 AM] Eneb.I: translate, is 0.1 lotsize 1 minilot?
[5/17/2010 8:47:46 AM] ECN's: yes
[5/17/2010 8:48:01 AM] Eneb.I: ok, tanx
[5/17/2010 8:54:14 AM] L.K. L.K: 9100
[5/17/2010 8:55:10 AM] ECN's: yes,, remember your broker must take out their spreads (commissions)
[5/17/2010 8:55:32 AM] L.K. L.K: ok
[5/17/2010 8:55:55 AM] ECN's: mine is closed.
[5/17/2010 8:56:01 AM] ECN's: yours?
[5/17/2010 8:56:21 AM] Eneb.I: mine not yet closed
[5/17/2010 8:56:22 AM] L.K. L.K: still on
[5/17/2010 8:56:45 AM] ECN's: whats your tp...?
[5/17/2010 8:56:59 AM] L.K. L.K: 9103
[5/17/2010 8:57:03 AM] Eneb.I: 0.9103
[5/17/2010 8:57:33 AM] ECN's: ok... wait a lttle bit...
[5/17/2010 8:58:54 AM] ECN's: ok, maybe you should all exit... Do you guys use an ECN platform?
[5/17/2010 8:59:16 AM] ECN's: We can only work with an ECN platform where spreads are low.
[5/17/2010 8:59:19 AM] Eneb.I: no, alpari
[5/17/2010 8:59:33 AM] ECN's: I use alpari too for my illustration.
[5/17/2010 9:00:00 AM] ECN's: Audcad spread here is just 3pips.
[5/17/2010 9:00:03 AM] Eneb.I: wz close be4 going back
[5/17/2010 9:01:16 AM] Eneb.I: my indicators show me it will eventually hit at d tp
[5/17/2010 9:01:36 AM] ECN's: really after now, I cant guaranty trade. As my trades tp are already hit.
[5/17/2010 9:02:12 AM] Eneb.I: is back to 9110
[5/17/2010 9:02:32 AM] ECN's: you can close now. 9102
[5/17/2010 9:02:41 AM] Eneb.I: ok
[5/17/2010 9:02:53 AM] ECN's: then please try to be here early enough tommorrow.
[5/17/2010 9:03:04 AM] ECN's: 9101
[5/17/2010 9:03:17 AM] ECN's: Enebeli
[5/17/2010 9:03:20 AM] Eneb.I: closed 9107
[5/17/2010 9:03:38 AM] Eneb.I: i hv closed 9107
[5/17/2010 9:03:48 AM] ECN's: but how come i read 9101 here and yours is 9107?
[5/17/2010 9:04:17 AM] L.K. L.K: closed cat 9101
[5/17/2010 9:04:35 AM] Eneb.I: price closed 9107 from my accout history
[5/17/2010 9:04:55 AM] ECN's: ok L.K.
[5/17/2010 9:05:03 AM] ECN's: Ok, Enebeli
[5/17/2010 9:05:04 AM] Eneb.I: dese platforms work difftly
[5/17/2010 9:05:12 AM] ECN's: yup....
[5/17/2010 9:05:17 AM] Eneb.I: some can be very shy
[5/17/2010 9:05:26 AM] Eneb.I: of our hit target
[5/17/2010 9:05:41 AM] ECN's: L.K, which broker do you use?
[5/17/2010 9:07:39 AM] L.K: FxPro. will be offline for a while. Back later
[5/17/2010 9:08:12 AM] ECN's: ok. L.K.
[5/17/2010 9:08:14 AM] Eneb.I: TANX NAJ, got to go out till 4pm nija time den
[5/17/2010 9:08:40 AM] ECN's: for now, no need to return by 4pm. TP already hit.
[5/17/2010 9:08:57 AM] Eneb.I: ok, takia
[5/17/2010 9:09:20 AM] ECN's: come back tonight by 5pm NY Time.
[5/17/2010 9:09:39 AM] ECN's: We will tell if any pair had a bull or bear trap,
[5/17/2010 9:09:51 AM] Eneb.I: ok
[5/17/2010 9:10:07 AM] ECN's: bye for now everyone,,,,
[5/17/2010 9:10:33 AM] Eneb.I: tanx nd bye too to all


Today

[6:47:27 AM] ECN's: Good morning Traders.
[6:47:59 AM] ECN's: how was everyone's night... hope it was great..
[6:48:04 AM] Jaum: good
[6:48:07 AM] ECN's: and guess it was
[6:48:21 AM] ECN's: nice..Jaum.
[6:49:16 AM] ECN's: today, our first category of pairs are like trying to shy away from our positions. So we will be taking position from our second category.
[6:50:24 AM] ECN's: the ultimate pairs that show interest to us includes #1 CADJPY and #2 USDJPY.... they are both showing BIG BUY interest....
[6:51:13 AM] ECN's: now, we have a choice.... not just 1 but 2.... ultimately, our pick for today will be 1.....
[6:51:25 AM] ECN's: and that one will be CADJPY.
[6:52:11 AM] ECN's: so traders, fasten your sitbelts and ready to take positions/execute one in less than 8 minutes.
[6:52:52 AM] ECN's: Pair in target and focus is CADJPY.
[6:53:47 AM] ECN's: spreads for this pair here in my platform is 2.8pips (flunctuates though)
[6:54:15 AM] ECN's: sometimes lesser than 2 and sometimes 3pips.
[6:54:29 AM] ECN's: 6minutes left!
[6:55:12 AM] ECN's: 5minutes left!
[6:56:49 AM] ECN's: 4minutes left!
[6:57:07 AM] Eneb.I: gud mrning naj, all
[6:57:30 AM] ECN's: good morning to you... Pair today is CADJPY, for BUY.
[6:57:42 AM] ECN's: 3 minutes left!
[6:58:25 AM] ECN's: 2minutes left
[6:59:24 AM] ECN's: few seconds left
[6:59:55 AM] ECN's: BUY now
[7:01:26 AM] L.K. L.K: 89.80
[7:01:45 AM] Eneb.I: wats d sl and tp pls
[7:02:08 AM] ECN's: CADJPY , buy Price. 89.76 TP. 90.01 SL 86.76
[7:02:24 AM] Eneb.I: tanx
[7:02:40 AM] ECN's: yes Larry, when spreads are added.
[7:03:39 AM] ECN's: We're done for the day. We only return here by 4pm NY Time if target isnt hit by then.
[7:04:07 AM] ECN's: "NO GUESS WORK" based on certainty.
[7:04:20 AM] Jaum: bye
[7:04:30 AM] Eneb.I: bye
[7:04:48 AM] ECN's: bye all..
[7:09:16 AM] ECN's: Hold guys,.... do you all permit I post an extract of this chat in the forum?
[7:09:45 AM] ECN's: If its not convinient, let me know
[7:09:57 AM] Eneb.I: pls do by all means
[7:10:39 AM] Eneb.I: u know, wen less busy, i read d extract of dis chat nd learn sometin
[7:10:50 AM] ECN's: ok... good...
[7:11:11 AM] ECN's: guess Jaum is not in the room now...?
[7:12:25 AM] ECN's: ok I will... Ichioma.
[7:15:32 AM] Eneb.I: it's a gud idea
[7:16:19 AM] Eneb.I: i normally save d extracts notepad nd read in my spare time
[7:17:26 AM] Eneb.I: i must confess, i enjoy it nd really hv some gud laugh abt wat it was like wen in action sequel to nd abt to pull d trigger
[7:17:49 AM] ECN's: lol...
[7:23:46 AM] Eneb.I: takia bro, got to prepare
[7:23:58 AM] ECN's: ok Ene...
[7:24:03 AM] ECN's: later Trader..

 

[ECN's]

We're Done with today's trade; and our ultimate pick was "USDJPY"

Today's chat extract.

[6:28:00 AM] ECN's: good morning Traders...
[6:28:25 AM] ECN's: scanning throught the 12 pairs for out ultimate pick this morning...
[6:28:30 AM] ECN's: through**
[6:28:54 AM] ECN's: our**
[6:29:34 AM] Eneb: gud morning Naj and all
[6:30:11 AM] Eneb: hw u doing
[6:42:12 AM] ECN's: AUDCAD, CADJPY, AUDUSD, NZDUSD, GBPJPY, and GBPUSD showing possible drop....( but for us, the streght is low and we base our trading decision on certainty; not on probability). I guess we have to wait 19 more minutes to know our ultimate pick for today... please be patient
[6:45:15 AM] Eneb: cadjpy buying now nd i am short on it based on initial scan, i really hope it will drop
[6:46:43 AM] ECN's: I never told you to short any pair. Guess you made the initial scan yourself.
[6:47:04 AM] Eneb: yes i did
[6:47:13 AM] ECN's: ok
[6:47:42 AM] Eneb: abt 1 hour 30 mins ago
[7:07:13 AM] ECN's: Short USDJPY
[7:08:09 AM] L.K: Now?
[7:08:17 AM] ECN's: yes.
[7:08:26 AM] ECN's: still within range,
[7:10:24 AM] L.K: OK
[7:12:17 AM] Eneb: wat is sl? tp?
[7:12:19 AM] ECN's: USDJPY at 91.979
sl: 94.930 tp: 91.710
[7:12:35 AM] ECN's: thats the order in my screen,
[7:12:55 AM] Eneb: ok
[7:20:58 AM] ECN's: Ene, I hope you didnt add shorts to your CADJPY? CADJPY will always creat room for profit or at least exit without a loss...
[7:21:28 AM] Eneb: yes
[7:21:32 AM] ECN's: ok.
[7:22:02 AM] Eneb: usdjpy price action pulled it down
[7:26:04 AM] Eneb: usdjpy and cadjpy are trading in d same direction
[7:28:38 AM] ECN's: if target isnt hit in 9hrs time, come back to the group to adjust TP. Till then traders.
[7:28:50 AM] ECN's: have a wonderful day ahead.

 

[pssonice]

is everything allright with u, ECN ?

?

 

[ECN's]

For questions about why I trade mainly the London session.

Reason: UK is the largest participant in the FX, they account for 34.1% total daily transactions while the US is the second largest; accounting for 16.6%.

I felt this Triennial Central Bank Survey might be useful: released every 3 Yrs

 

[pssonice]

"For questions about why I trade mainly the London session" where to find your trades

?

 

[Waterfield]

Seriously, all your trades have 20-25 take profits and 300 stop losses.

If you get hit once, you're going to have to have another 12-15 winning trades in a row to recoup it.

 

[ECN's]

Seriously, all your trades have 20-25 take profits and 300 stop losses.

If you get hit once, you're going to have to have another 12-15 winning trades in a row to recoup it.

The Spot FX Market has a path and rules like every other market. It is very risky to play against the rules. It is only when i play against the rule of the business my 300pips stop loss will get hit. Currently, I and other members of the group are curiously searching out for bull and bear traps so our daily target wont be limited to 20 and 25pips.

I was ones asked in the trading room.

"How many currencies do you trade, and how do you pick your trades?"

answer: I do 12 pairs, and send the best trade call out to the group by scanning all pairs and choosing them based on priority. This does not mean I don't lose like every other trader; but my losses are kept to a maximum of 27pips especially when the rules of the game are followed strictly"


Now, you say the market is not based on probability but on certainty! how come? you're the first I hear this from

answer: To the best of my knowledge, it is only R.N Elliot that have said the market isn't based on probability. In Yr 2000, I refuse to accept this fact because i really wasn't seeing what he did saw on charts during his time. Took me over 6 years to believe he was right!... I am not a fan of Elliot Wave Analysis.

and like my #3 post on this thread, 300pips seems like an instant account blowout to most traders. That isn't true. To me, it serves only as an insurance to my book balance.

 

[ECN's]

Sorry for the late post!

Done for the Day, our ultimate pick turns out to be CADJPY.

Chat Extract Below
Good morning traders.....
[6:35:30 AM] ECN's: Welcome to today's ultimate trading session.
[6:35:45 AM] L.K: Morning Naj
[6:36:02 AM] ECN's: good morning L.k...
[6:36:40 AM] ECN's: today as usual, we will pick our ultimate pair......
[6:37:02 AM] Jaum: good morning
[6:37:10 AM] ECN's: Morning Jaum..
[6:37:58 AM] ECN's: digging deep into the charts now for our ultimate pick of the day.... .... few minutes pls...
[6:43:46 AM] ECN's: back......
[6:44:24 AM] ECN's: today, we got 3 solid pairs competing to be the ultimate pick...
[6:44:44 AM] ECN's: they are.....
[6:44:51 AM] ECN's: CADJPY (SELL) 2pips spreads; USDCAD (BUY)1.5 pip spread; and USDCHF (BUY) 1.5pip spread are all struggling to be our pick of the day.
[6:45:32 AM] ECN's: in less than 15 minutes, We will choose 1..... Just 1 out of the 3....
[6:46:20 AM] ECN's: can anyone guess based on the 3 struggling pairs, which will be the pick...?
[6:48:03 AM] ECN's: Larry?
[6:48:08 AM] ECN's: Jaum?
[6:48:17 AM] ECN's: Enebeli?
[6:48:19 AM] L.K: CadJPY
[6:48:23 AM] Jaum: ?
[6:48:53 AM] ECN's: Ene?
[6:49:12 AM] Eneb: not usdchf 4 a buy, seems there is a breakout 4 sell
[6:49:47 AM] ECN's: lol... Tell us your choice. Which of the pair will be the ultimate pick?
[6:50:06 AM] Eneb: ok
[6:50:40 AM] ECN's: out of those 3! Ene, remember we're trading the "Bank Way".. This is why we have BB traps... ...
[6:51:16 AM] ECN's: pairs are deceptive but we dont fall for their deceptive nature
[6:51:18 AM] Eneb: got it wrong, best pick usdchf
[6:51:31 AM] ECN's: ok..
[6:51:37 AM] ECN's: Jaum...?
[6:51:49 AM] ECN's: your turn...
[6:52:03 AM] ECN's:
[6:52:06 AM] Jaum: i don't know your system
[6:52:13 AM] Jaum: i am a learner here
[6:52:27 AM] Jaum: my system is buying uscad now
[6:52:50 AM] ECN's: No one knows the system and guessing doesnt require you to..
[6:53:09 AM] ECN's: ok.. lets wait few minutes to get the pick...
[6:53:27 AM] ECN's: less than 7 minutes more!
[6:54:18 AM] ECN's: less than 6 minutes!
[6:55:04 AM] ECN's: 5 minutes more!
[6:56:32 AM] ECN's: 4!
[6:57:07 AM] ECN's: 3 minutes.
[6:57:59 AM] ECN's: less than 2 minutes!
[6:59:06 AM] ECN's: 1mins
[6:59:28 AM] Eneb: watz your pick naj
[6:59:41 AM] ECN's: few seconds...
[6:59:54 AM] ECN's: Our pick is CADJPY, Sell Now.
[7:00:29 AM] Eneb: sold
[7:00:32 AM] Eneb: lol
[7:00:44 AM] ECN's: lol.... coming up with tp and sl. sec
[7:00:54 AM] Eneb: suspense, lol, naj
[7:02:39 AM] ECN's: sell CADJPY at 86.882
sl: 89.860 tp: 86.640
[7:02:59 AM] ECN's: thats the sell on my screen.
[7:03:22 AM] Eneb: mine 86.881
[7:03:41 AM] ECN's: ok... almost the same..
[7:04:54 AM] Eneb: master, u know, u say pull d trigger, i pull it, lol
[7:05:19 AM] ECN's: lol...
[7:05:35 AM] ECN's: I'm not master. you're funny.
[7:06:06 AM] Eneb: yeah, lets hv some fun
[7:07:32 AM] ECN's: lol.. our trading is always good and quick... ..
[7:08:00 AM] ECN's: we need not spend time on the system. but too bad i might not be here next week..
[7:09:15 AM] Eneb: hv u seen d animation movie killer bean directd by jew, its funny and my trading soundtrack for trading
[7:09:21 AM] Eneb: lol
[7:09:52 AM] Eneb: lets see if u will be here
[7:10:43 AM] ECN's: yes seen the animation...
[7:11:07 AM] ECN's: lol.. how and why do you use that sort of soundtrack for trading ..lol
[7:11:11 AM] ECN's: sec pls...
[7:11:13 AM] ECN's: brb
[7:11:41 AM] Eneb: its funny and makes me lol
[7:11:51 AM] Jaum: i have to close
[7:11:52 AM] Jaum: bye

 

[ECN's]

A Typical losing trade.

Today was a tough day for few traders but not new to our approach. We lost -7pips regardless of the -300 pips stops we regulalarly use for the insurance of our book balance.

MT4 Detailed Summary:
Profit Factor= 16.46
Maximum Drawdown: 0.72%


Image Attached Below

 

[Mr Flibble]

According to Skype - fxbanktrading, Najite Puegeren, Nigeria, Lagos.

A place well known to be full of trustworthy fellows !

Hehe Trading Penny stocks in the US and seeing the huge corruption on a MASSIVE scale that would make a Nigerian scammer blush. That really made me laugh. Clear your own back yard before complaining about others.

 

[DionysusToast]

Hehe Trading Penny stocks in the US and seeing the huge corruption on a MASSIVE scale that would make a Nigerian scammer blush. That really made me laugh. Clear your own back yard before complaining about others.

How does trading penny stocks in the US relate to someone from the UK discussing the fact that Nigeria is the world centre for internet scams ?

 

[Mr Flibble]

How does trading penny stocks in the US relate to someone from the UK discussing the fact that Nigeria is the world centre for internet scams ?

Your profile has the US flag. When I see a flag on a profile I put 2 and 2 together.

Should add the following. If a person from the US came on here and started the same post given that both have widespread corruption would you say the same? No? Why not? I think you get my point.

 

[DionysusToast]

Your profile has the US flag. When I see a flag on a profile I put 2 and 2 together.

Should add the following. If a person from the US came on here and started the same post given that both have widespread corruption would you say the same? No? Why not? I think you get my point.

Mr Fibble

Unlike yourself, I do not make presumptions. The forum puts that flag there. It's the default setting. I see no reason to give too much personal info when I register on teh interweb.

You may find that the tendency to make presumptions is not a healthy personality trait in trading NOR is the kind of thinking that leads you to think that the chance of being ripped off by someone in Nigeria is comparable in any way to getting ripped off by someone in the US of A.

Hope this helps.

DT

 

[Aussie_Pride]

Hey Guys,

Hmmm..Not too sure what to make of this one yet? I will watch to see where this goes? Think i may even join in on the Skype room too.

There's some posts going on about the SL...but i see what your saying i am not a fan of stops, but i have always had a worse case stop. And use other indications that it's time to get out.

Anyway will be watching this one

 

[ECN's]

Ok, our Utimate pick turned out to be the All popular EURUSD . I secretly played the GBPJPY along without letting the group know! So i got two wins! !

 

[ECN's]

Today, we added an advanced allocation technique to help minimize risk and at the same time Maximize returns. Our Ultimate picks for today turned out to be 3 lucky pairs that attracted the bird's EYE!, GBPJPY, NZDUSD, and USDJPY. We won all three. Below is the screenshot.

 

[ECN's]

Gratitude:

Good to be back in the forum. First, I would first like to give all glory to God our creator who made this possible; I’m also saying a Big ‘THANK YOU’ to the entire team of Trade2Win for running this successful forum; and a thank you to the entire members who contributed in one way or the other, you’re all wonderful and good people.

After my first 2 weeks in the forum; I was favoured to meet a member here who saw the trading gift, talent and knowledge in me; he acted based on faith, trust and honesty and decided to introduce me to an investor that raised test funds for my proprietary strategy. The investor agreed to put in $10000 for a test run and if successful, he will invest funds in excess of over $1million. Behold, the investor and the introducer (IB) fell in love with the strategy after an extremely successful 1st month of testing. This is the third month counting and still very successful.

The agreement was 40% monthly but the final turnover far exceeded 300% returns trading 0.5 mini lots and compounding. In a total of 67 trades, we had just 7 losses and won 60 trades. Maximum drawdown was -13.40% and total profit earned on diverse pairs was +380.64%. Below is the summary of it all.

Total Trades: 67
Trades Won: 60
Negative Trades: 7
Maximum DD: 13.40%
Profit Factor: 17.80
Profit earned: 380.64%


I have attached below a detailed statement of the trades executed at those times.
My final words are still a “Staggering Thank You” Everyone. Also, a portion of the wealth I realise from trading will be used for charity purposes and the propagation of the gospel.


Thank you everyone and the entire T2W Team
Najite

 

[ECN's]

For those trading the cable 'GBPUSD', this is an opportunity to go long the pair. Any south move makes it cheaper for us to purchase. Our stop is way over 200pips while our tp is placed at 1.5700.

Summary.

Go long GU
tp: 1.5700
sl: ours is far over 200pips
Margin to risk in this trade: No more than 10%
Win percentage: 98%

Good luck everyone.

 

[JRP2891]

Like that prat medlbs or whatever his name was, as soon as a market just keeps going lower when "it can't go any lower", you'll be cleared out like the rest of them.