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06-10-2009, 10:54 AM
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Hot Trade 06/10/09
I was excited to talk about this trade today because I don't have many opportunities to discuss some of the emerging market currencies. The focus today is on a short USDTRY trade placed back in April, when the pair tested the 38.2% fib of 1.8246-1.5574 at 1.6588, and is still holding on.
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Terri Belkas is the author of Daily Fundamentals, Global Central Bank Comments, and Forex Trading Weekly Forecast on DailyFX.com.
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06-18-2009, 12:49 PM
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King of the Micro
How do I check who the June leaders are for King of the Micro trading contest?
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06-19-2009, 12:34 AM
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Quote:
Originally Posted by S.Jibreel
How do I check who the June leaders are for King of the Micro trading contest?
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The June leaders are here : http://forexforums.dailyfx.com/king-...0-traders.html
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06-19-2009, 10:20 AM
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Quote:
Originally Posted by imported_Bigpips
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Thanks for answering S.Jibreel's question!
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Terri Belkas is the author of Daily Fundamentals, Global Central Bank Comments, and Forex Trading Weekly Forecast on DailyFX.com.
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06-19-2009, 12:22 PM
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King of the Micro
Thanks for answering the question. I'm a little confused by this statement on that page:
"The top 10 traders for the June 17, 2009 trading day are below*. These results are not month-to-date. They are only for the 24 hour trading day of June 8."
Are they the June leaders or June 8th leaders or June 17th leaders?
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06-19-2009, 02:17 PM
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Quote:
Originally Posted by S.Jibreel
Thanks for answering the question. I'm a little confused by this statement on that page:
"The top 10 traders for the June 17, 2009 trading day are below*. These results are not month-to-date. They are only for the 24 hour trading day of June 8."
Are they the June leaders or June 8th leaders or June 17th leaders?
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That was just a typo S.Jibreel, those are the leaders for June 17. Sorry for the confusion.
__________________
Terri Belkas is the author of Daily Fundamentals, Global Central Bank Comments, and Forex Trading Weekly Forecast on DailyFX.com.
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06-19-2009, 09:34 PM
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Quote:
Originally Posted by imported_Bigpips
This disciplined trader caught THE mega move that everyone is hoping to capture once or twice a year.
Just 10 standard lots and that's nearly a quarter of a million profit right there on this short USD/CAD trade alone, in less than 2 months, with almost zero drawdown from the start!
And who says you cannot make some serious money in the Forex market?  |
You can definitely make some serious money in the forex market, but according to my calculations you would need slightly more than 16 standard ($100,000) lots to make a quarter of a $million on a 1.3000 to 1.1000 move.
P.S. ImportedBP, are you being paid for the advertisement in your signature? Just wondering why you are hawking a website. |
06-20-2009, 12:33 AM
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hello
Quote:
Originally Posted by Terri Belkas
Since we're talking about trends, I figured I would talk about a trade that highlights the benefits of catching a turn. One of the top 5 King of the Micro contestants sold USD/CAD back in March and is still holding on.
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Hello Terri Belkas, Ma'am..
I am just confused about Contest!!! 
If I just To Participate In Contest So I have to Pay $500,, isn't it...
So $500 Dollar is Just a Entry Fee Of Contest Or Its going to be Debited on My Trading Account...
Thank you 
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06-20-2009, 01:15 AM
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Quote:
Originally Posted by 12Make$
You can definitely make some serious money in the forex market, but according to my calculations you would need slightly more than 16 standard ($100,000) lots to make a quarter of a $million on a 1.3000 to 1.1000 move.
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If you think linearly yes, but the real pros pyramid (add to) their positions when the market is strongly moving in their favor, and quickly move their stop to break-even, so they can play with the "house's money" so to speak.
A move of that magnitude (2000 pips on that short USD/CAD) can easily exceed the 1 million dollars mark profit, starting with only 10 standard lots.
In fact it only takes one or two big moves like that and the forex trader is set for life, assuming he has the guts to pyramid his profits to the max!
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06-20-2009, 01:46 PM
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Quote:
Originally Posted by Xiao
Hello Terri Belkas, Ma'am..
I am just confused about Contest!!! Attachment 32149
If I just To Participate In Contest So I have to Pay $500,, isn't it...
So $500 Dollar is Just a Entry Fee Of Contest Or Its going to be Debited on My Trading Account...
Thank you Attachment 32150 |
Hi Xiao,
You simply need to have at least $500 in your live Micro account at the beginning of the month and you are automatically entered. Then you must make at least 10 trades during the month to qualify. Of course the $500 is not a fee and is never debited from your micro account.
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06-20-2009, 07:42 PM
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um
Quote:
Originally Posted by imported_Bigpips
Hi Xiao,
You simply need to have at least $500 in your live Micro account at the beginning of the month and you are automatically entered. Then you must make at least 10 trades during the month to qualify. Of course the $500 is not a fee and is never debited from your micro account.
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umm Now I am totally Confused .. So What is $500...
You said It is Not Fee and is Never Debited in My A/C Also!!!
oh
oh I think I can Trade Only Of that Money Umm,, is that So? 
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06-21-2009, 01:43 AM
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Member
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Join Date: Nov 2008
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Quote:
Originally Posted by Xiao
umm Now I am totally Confused .. So What is $500...
You said It is Not Fee and is Never Debited in My A/C Also!!!
oh
oh I think I can Trade Only Of that Money Umm,, is that So? Attachment 32172 |
Hello again Xiao (are you trading from China ? Just curious),
It's very simple, if you have at least $500 in your micro FXCM account at the beginning of the month, then you can automatically participate in the contest.
Now if you lose 100 pips for example, that money will be debited from your account of course. The important thing to remember is that the $500 is not a fee, in other words you do not have to pay ANYTHING to qualify, as long as you have $500 minimun in your micro FXCM account and you make at least 10 trades during the month.
PS: Have you seen the movie "Rogue Trader", it's about this futures trader Nick leeson (Ewan McGregor) who caused the spectacular collapse of Barings Bank, the United Kingdom's oldest investment bank, in Singapore, while betting against the Nikkei futures? Fantastic movie, a must see.
PPS: Could you please explain why the ladies in this forex forum are so pretty, including Helene Z and you, not to mention our gorgeous friend Belkas? Just kidding, you don't have to answer that 
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Last edited by imported_Bigpips; 06-21-2009 at 02:02 AM..
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06-21-2009, 02:55 AM
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Thank you
Quote:
Originally Posted by imported_Bigpips
Hello again Xiao (are you trading from China ? Just curious),
It's very simple, if you have at least $500 in your micro FXCM account at the beginning of the month, then you can automatically participate in the contest.
Now if you lose 100 pips for example, that money will be debited from your account of course. The important thing to remember is that the $500 is not a fee, in other words you do not have to pay ANYTHING to qualify, as long as you have $500 minimun in your micro FXCM account and you make at least 10 trades during the month.
PS: Have you seen the movie "Rogue Trader", it's about this futures trader Nick leeson (Ewan McGregor) who caused the spectacular collapse of Barings Bank, the United Kingdom's oldest investment bank, in Singapore, while betting against the Nikkei futures? Fantastic movie, a must see.
PPS: Could you please explain why the ladies in this forex forum are so pretty, including Helene Z and you, not to mention our gorgeous friend Belkas? Just kidding, you don't have to answer that |
hahaha Okay But I just Read Very Carefully Your Last Question,,haha 
And Some English Movie is very new to Me!!! I just Have Seen THE WALL STREET, But I would Like to Tell you very very Boring movie ..Oh thats why I Dont Know what happened In the End..   ..
And Thank you For The CONTEST Manner. oh God I can Win Now
NOW I CAN FLY 
Could You Give Me Any Book Of CANDLE STICK.. Becoz I just Want to Understand Candle Stick Very Beautifully... thank you.. xiaozhang21@yahoo.com
Last edited by Xiao; 06-21-2009 at 02:59 AM..
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06-21-2009, 04:58 PM
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Quote:
Originally Posted by Xiao
Could You Give Me Any Book Of CANDLE STICK.. Becoz I just Want to Understand Candle Stick Very Beautifully... thank you..
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Hello Xiao,
If you want to know more about Candlestick trading,I suggest you begin with "Candlestick Charting For Dummies" by Russell Rhoads, excellent book.
Then read the fantastic "Candlestick and Pivot Point Trading Triggers" written by the master of candlesticks, John L. Person himself. This book will show you how to use pivot points and candlesticks to create a great trading system. Some of the systems he describes in this book have been backtested with OmegaTrade Station and produce over 100 pips a month profit.
Take care.
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06-21-2009, 06:24 PM
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Quote:
Originally Posted by imported_Bigpips
Hello Xiao,
If you want to know more about Candlestick trading,I suggest you begin with "Candlestick Charting For Dummies" by Russell Rhoads, excellent book.
Then read the fantastic "Candlestick and Pivot Point Trading Triggers" written by the master of candlesticks, John L. Person himself. This book will show you how to use pivot points and candlesticks to create a great trading system. Some of the systems he describes in this book have been backtested with OmegaTrade Station and produce over 100 pips a month profit.
Take care.
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NI HAO........Mean ,,,,,,,,,,Hello....
NI HAO MA,,,,mean,,,,,,,,,,,,How Are you,,,
Okay I taught You So many Chinese language so You should Pay me also... 
hahaha
oOoooo,,,,,,Okiee dokiee...
could you tell me the Pivot Point Work on 5 minute Chart Holders Also... If a Trader Work on 5 Minute chart so Pivot Wave Work On The chart..
xie xie ,, means ,,,,,,,,thank you,...
Okay smile Please....
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