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Business / Re: Forex Trading - Season 13 by dboy365: 2:07am On Nov 15, 2013
been long folks....lets see what's been popping in here. Will someone update me on happenings
e don tey folks!
Business / Re: Forex Trading - Season 13 by dboy365: 12:01am On Oct 06, 2013
----------strolls in----------------------------------------------------
Long time my friends. Hope y'all are making a killing off the market?
-----------out and will watch from the sidelines------------------------
Travel / Re: General U.s.a (student) Visa Enquiries-part4 by dboy365: 1:06am On Jul 14, 2013
jimtosam: We don't talk about visiting visa here but as the name implies, it's VISA for visitation. Someone/organization must invite you. It visitation must be on purpose (greetings, conference, holiday, etc).

About student visa: you need to apply to a school, get admission and book appointment at US embassy for VISA interview.

Search schools
Meet up their requirements e.g exams(toefl/GRE) score
apply
get admission
go to embassy with ur admission letter and I-20 (given by ur schl), financial docs, academics docs, and any other docs to support ur return.
get ur VISA

I guess it's very simple !!!


Simple as ABC. Thanks for posting this!
Business / Re: Forex Trading - Season 13 by dboy365: 6:26am On May 06, 2013
Pipsland78:
A very smart trader with a very inquisitive mind would learn and gain more by looking keenly at the statement than by my just dropping alerts. Dropping alerts is similar to giving a hungry person fish to eat for one day, question is would the person keep giving the hungry dude fish everyday? How sustainable would such be?

Truth is a lot of folks are just too lazy to do indepth study, they just want alert so they could make money instantly. But this approach is really short-sighted and not the best. Forex trading is not a get-rich-quick scheme, it takes years to learn before becoming profitable in the long term


And I use only one strategy, not three. It's a very very simple strategy I developed in 2009 while taking a panoramic view of the chart after years of frustrations. It took me 4yrs to perfect the strategy but what thrills me most about it is its simplicity - no fancy lines, complex calculations or abstract terminologies. As you can see the chart is so clean and plain, and very inviting.

P.S: Quite a number of factors are considered, not just the psychological barrier. But you are right about it being contrarian in approach. Will give more details on my thread as time goes by.
@bolded, Very powerful statement....1trillion likes!
You just entered my list of traders' posts I'll be loking at for from time to time!
Do your thing jare!
Business / Re: Forex Trading - Season 13 by dboy365: 6:09am On May 06, 2013
endfx1: You can apply a belief or faith to anything and make it real....get enough people doing it and whoa! you have a tangible thing!

The power of the mind, especially when acting in a collective, is one of the most powerful things ever created.

NOTE: Capital Preservation is key to long term wealth accumulation

speaking of capital preservation....nice article by nial.
http://www.learntotradethemarket.com/forex-articles/trading-secret-decide-success-failure

The Trading ‘Secret’ That Will Decide Your Success or Failure

success-failureFact: If you take three traders with the exact same abilities and trading talent and pit them against each other, on average only one of the traders will survive. It doesn’t matter if a guy is playing poker with his mates or they are trading together at a coffee shop, the last-man standing will ALWAYS be the guy who managed his bank roll properly.

This article is going to show you how to not only be the “last man standing”, but to be a disciplined winner and hopefully come away with a larger bank roll than you started with. Today, we are going to talk about the capital management “secrets” that will give you the edge over any other trader in the room or your mates at the poker table, so pack your cigars, because if you manage your capital properly you might just walk away a winner next week smiley
The best offense is a good defense

As a trader, if you really want to have a chance at long-term success, you need to learn VERY quickly that your mental energy must be focused on the trading variables that you CAN control. Obviously, we cannot control the market or make it do what we want (although certainly some traders act as if they can), but we can genuinely control most other aspects of trading; 1. Trade entries, 2. Capital preservation and money management, and 3. Our exits…these are all things we DO have control over.

The KEY point there is capital preservation and money management; properly controlling the amount of money you risk per trade (your leverage and exposure to the market) is the primary thing that will make or break you as a trader; in fact, it will decide the fate of your entire trading career. Any professional trader knows that capital preservation is the most important part of their day to day routine as a market professional, this can also be called “playing defense” in the market.

Great traders and fund managers think about how much they could lose before thinking about how much they can win; this is essentially the OPPOSITE of a gambler’s mentality. Gamblers suffer from an uncontrollable mental sickness whereby they focus almost entirely on how much money they could win with almost no regard for losses, this is borderline psychopathic behavior. Unfortunately, this behavior is also very common for many beginning and struggling traders.
Why some of the best traders and market analysts end up as “nobodies”

I’m sure you’ve heard of some of the huge hedge fund blow-ups that have occurred in recent years. The two primary causes for these have been fraud and excess leverage. Excessive leverage can also be called “irresponsible use of risk capital”, aka NOT practicing proper capital preservation.

As Scott C. Johnston points out in his popular blog “The Naked Dollar”, many prominent hedge fund managers and traders have blown-up hundred-million-dollar portfolios because they did not manage their capital properly. It only takes one hot-head “young-gun” trader to think he is “sure” of something to blow-up a huge fund by taking an extremely over-leveraged bet on some company or some news event.

As I alluded to in the opening paragraph, you can take two traders or investors with the same amount of skill and trading knowledge and one will achieve long-term success while the other continuously loses money and blows up trading accounts. The difference between the two traders is that only one of them may have the mental abilities to manage risk, plan for losses, manage trades and execute capital management correctly and consistently (meaning with discipline over time). Thus, a good trader is truly defined by his or her ability to manage risk and control their exposure to the market…not by their ability to find trades or analyze the markets, contrary to popular belief.

SOME OF THE BEST TRADERS WITH THE BEST TALENT WILL ALWAYS BE NOBODIES, they will always be losers, and they will never make the headlines, because they completely lack mental discipline or skills with capital/portfolio management, and that is where it counts. So heed this advice and listen up…it’s one thing to find a good strategy, it’s another to stay in the game long enough to see the fruits of the trading method; if your capital management and risk control sucks, you’re going to be a loser, it’s pure math, plain and simple.
Capital preservation IS exciting…you just aren’t thinking about it right

I know why many traders don’t focus enough on capital preservation and risk management: because they mistakenly think it’s not “fun” or “exciting”, but that’s only because they aren’t thinking about it right or they don’t fully understand how powerful it is.

You see, the KEY to making money over the long-term in the markets is simply staying in the game. You need to preserve your capital good enough so that you stay in the game long enough to see your trading strategy play out and reward you.

The only way to make consistent money as a trader is to have small losses (because you will have losses so better to keep them small) and a few big winners in between. It seems simple, but if you can’t do that, you can’t make money. Now, the hard part in all of this is having the mental state of mind to manage capital properly on a per-trade basis, one must consider dollars risked on the trade and also the leverage used, one must also calculate if this risk is justified but not get too emotional about it. You should always have a max dollar loss per trade pre-planned, but you may risk less than that amount obviously, it all depends on how confident you are in the setup. In essence, you need to have a mental “obsession” with capital preservation, and drop your obsession about rewards and profits. Ironically, if you can do this, you will then start to see the rewards that you were so obsessed with before.

Visual Example : In the example below, let’s look at how proper capital preservation and risk management can allow you to stay in the game long enough to see your equity curve increase consistently over time. Notice how this trader has made ‘lots of very small losses’ and those losses are ‘consistently the same value’. We can also note this trader has the ‘occasional big winner’. It’s hard to believe this trader has achieved a profit with a very low strike rate of just over 20%. It’s easy to see that over time, this trader is likely to make money or at the very least break even. Let this example serve as wake up call to those of you who don’t practice disciplined capital preservation. Study these examples below and go out and start practicing it in the real world.

money-management-tutorial-1

The key points to take away from the above graphs are that you should have a max dollar amount you will let yourself lose on any one trade, and you must not deviate from that threshold. Do not under ANY circumstances over-leverage or risk too much per trade; the market will ALWAYS be there tomorrow, so ignore the temptation to “go all in”.

However, that said, some trades you can go in a little harder on than others, but the key is that you stay under your overall per-trade dollar risk amount. So, if as in the example above, your per-trade risk threshold is $100, then you can risk any amount on a trade from 1 to 100 dollars. Some trades you may decide to risk less than $100 on, some you might want to use the full $100…this is where discretion and your ability to analyze and gauge the market comes into play, but the key is that you DO have that “cut off” point where you KNOW you will never lose more than a certain dollar amount. This is really the “key” take away point of this whole article.

The best traders cut their losses and they get the hell out when they know they are wrong, and they NEVER put their portfolio, their major assets or their shareholder’s assets at major risk if they get a trade wrong. They plan ahead obsessively and they always know the “worst case scenario” for any trade or investment. These are the traders, investors and fund managers that stand the test of time and experience success while the others blow-up accounts and fall to the way side.

As far as HOW you actually preserve your capital, it mainly involves knowing how much you are emotionally OK with losing PER TRADE and understanding position sizing and risk reward. I won’t get into that today because I’ve written other articles on it that you can check out. See my article on risk reward and position sizing for more.
Conclusion…

Whilst sound capital and risk management is certainly the “key” to success in the markets, combining these money management skills with an effective trading strategy will give you an extremely potent edge in the market. Combining my price action strategies with sound capital preservation and risk management skills has enabled me to stay in the game for 12 years. Of all the traders I know and have met, the one thing they always describe as their “secret weapon” and the reason for their success, is focusing on capital preservation; keep losses consistently below a certain dollar threshold and secure profits and let them run when you can. Capital preservation and risk management is your most definable edge in the market, and it’s an edge you have full control over, so don’t take it for granted or abuse it. Your other genuine edge needs to be an effective trading strategy like price action. To learn more about how I have incorporated money management and price action entry signals to grow my account over the long term, checkout my Price Action Trading Course and Members Area for more.
Business / Re: Forex Trading - Season 13 by dboy365: 1:26am On May 05, 2013
endfx1: LOL....why una dey spoil market for d guy ni?

Well, @poster its a good thing u post ur statement but i want to believe its just for d purpose of disproving seun coz if its about what am smelling then you have some big venoms coming your way.

However, you r welcome to d house if one of your intentions is to encourage newbies like me then we look forward to your TRADE ALERTS and lessons on how to double our accounts like you..anything less i go vex with you wella.

@all happy weekend.
@bolded, grin grin grin grin grin grin
if you na newbie, I still dey belle! grin grin grin grin
I'm glad to see the house flying inspite of the little seun's distraction
Business / Re: Forex Trading - Season 13 by dboy365: 11:11pm On Apr 29, 2013
na wa oh! this guy Toks again? You see proof yet you throw insults! Must everybody use your monitoring sites (myfxbook etc) before you would agree or confirm they are successful? You seem like a guy that must ve lost so much and must do everything to prove nobody manually trading can make it....anyway, continue with this your attitude and success in your EA development.

1 Like

Business / Re: Forex Trading - Season 13 by dboy365: 7:03am On Apr 16, 2013
aguiyi:
my brother, i fear the babe pass the market sef cheesy cheesy
lol
Business / Re: Forex Trading - Season 13 by dboy365: 6:10am On Apr 15, 2013
rozayx5:

just use mediafire, anybody that needs it should just go to the link cool
there you go:
http://www.mediafire.com/view/?bllq2mvc51hrfkk
http://www.mediafire.com/?hkmjjbdh7m0t37q
Business / Re: Forex Trading - Season 13 by dboy365: 6:05am On Apr 15, 2013
fxisreal:

@ nijababe me 2 not receive due to wrong mail.... send to forexisreal at yahoo dot com
for all asking for these Van Tharp books:
Here are the links...
http://www.4shared.com/office/zUAOh_B9/_2__Van_K_Tharp_-_Super_Trader.html
http://www.4shared.com/office/bVeMLz7K/1118525663Matrix.html


You need "Calibre.exe" installed on your laptop/pc to read the second Matrix epud file.
Calibre can be gotten from here:
http://calibre-ebook.com/download

Enjoy folks and Happy pipsful week.
Business / Re: Forex Trading - Season 13 by dboy365: 6:00am On Apr 15, 2013
frenchman2:
pleasedashme@yahoo.com
sent! sorry for the delay...been away!
Business / Re: Forex Trading - Season 13 by dboy365: 5:57am On Apr 15, 2013
aguiyi:
localjuju@gmail.com, tnx

sent. pls send to anyone else in need of it or maybe I should upload on a site for all to download?
Business / Re: Forex Trading - Season 13 by dboy365: 5:50am On Apr 15, 2013
vxtr: . Dboy ,kindly send me super trader by van tharp. I ve been trying to download it but its blank. Victorwealth12@gmail.com.

sent!
Business / Re: Forex Trading - Season 13 by dboy365: 2:47pm On Apr 14, 2013
frenchman2:
email my man. thanks
sorry. ur email again?
Business / Re: Forex Trading - Season 13 by dboy365: 2:00pm On Apr 14, 2013
frenchman2:
sir, do you mind sending me those books you gave to naijababe. I got super trader but not the other one.
via fbk or email(preferable)?
Business / Re: Forex Trading - Season 13 by dboy365: 2:37am On Apr 13, 2013
nice one 9jababe!
Business / Re: Forex Trading - Season 13 by dboy365: 2:35pm On Apr 11, 2013
fxisreal:

anybody that traded the Londom breakout with me congrat. exit mine @ +52 pips
exited at .5398. Seems short term trading on eu/gu and ej to build equity is appropriate for the time being.
Business / Re: Forex Trading - Season 13 by dboy365: 12:56pm On Apr 11, 2013
Stacking my atms on GU. Join me using MM. Trade this till 156**-158**.

Business / Re: Forex Trading - Season 13 by dboy365: 12:54pm On Apr 11, 2013
regretting my NU close.

Business / Re: Forex Trading - Season 13 by dboy365: 12:30pm On Apr 11, 2013
fxisreal:

still watching the UC can't take the trade, dollar is too weak at this moment to bet on it. when i c any sign of strenght on d dollar will take d trade
may remain weak for a long time
Business / Re: Forex Trading - Season 13 by dboy365: 9:31am On Apr 11, 2013
fxisreal: @ sir frenchman2 and my oga dboy$$$
this is the strategy i take eat pips on GU or EU if the price keep ranging from Asian session to London session and i call it LONDON breakout.

will just drawn line on high/low only on move during asian to london session 7am i will now be watching any brake of the line up or down, then looking for retrace back to the white line to be sure of not beeing fake out then i will join. this strategy never fail me but only work WHEN THE PRICE RANGE DURING ASIAN SESSION TO 7AM SAME DAY on 1hr tf like today move. am getting set to trade it now
I like that. meself still dey the gu buy pending the next 24hrs.
Business / Re: Forex Trading - Season 13 by dboy365: 7:03am On Apr 11, 2013
dboy365:
@my friend frenchie, I know and see what you are talking about...looking at monthly and weekly chart but price already rejected 5360 a day or two ago and didn't fall off the cliff into the pit...telling me there are more buyers pushing to break the resistance than sellers forcing a continuous down trend. I might be wrong though.
What would determine the resistance break in the next hours or days or a respect of .5360 R/S producing a second fall (which might be huge) might be the unemployment/retail sales numbers from USA today as no news from GBP till next week. I might be wrong with the message the market is telling but I'd rather be wrong following my inner voice than listening and changing my bias because of someone's opinion. Lets see what happens with these 3days coiling inside bars on the daily chart.
cancelled my buy entry to wait for break of resistance first.
Business / Re: Forex Trading - Season 13 by dboy365: 6:10am On Apr 11, 2013
frenchman2: Hi folks, i'm seeing something very interesting on my weekly gbp/usd chart.
I've already placed my pending orders.
Should price head north and break .5340 resistance all sell limit orders will be cancelled.
I have a sell limit order at .5282 first tp .4830 2nd tp .4330 3rd tp .4580.
This is long term. Could run the whole month.
see chart below for details.
NB: Nothing is guaranteed. Price could just do the opposite and rubbish my analysis.

PRICE IS KING. FOLLOW IT WHEREVER IT GOES.
@my friend frenchie, I know and see what you are talking about...looking at monthly and weekly chart but price already rejected 5360 a day or two ago and didn't fall off the cliff into the pit...telling me there are more buyers pushing to break the resistance than sellers forcing a continuous down trend. I might be wrong though.
What would determine the resistance break in the next hours or days or a respect of .5360 R/S producing a second fall (which might be huge) might be the unemployment/retail sales numbers from USA today as no news from GBP till next week. I might be wrong with the message the market is telling but I'd rather be wrong following my inner voice than listening and changing my bias because of someone's opinion. Lets see what happens with these 3days coiling inside bars on the daily chart.
Business / Re: Forex Trading - Season 13 by dboy365: 4:05am On Apr 11, 2013
bought gu on my other acc
Business / Re: Forex Trading - Season 13 by dboy365: 4:04am On Apr 11, 2013
frenchman2: just opened another sell position to my eur/nzd.
care to join

PRICE IS KING. FOLLOW IT WHEREVER IT GOES.
I love your position stacking skills. That's profit $$$$ compounding or should I say "easy $$$ printing" right there. That's my focus right now along with mm and exit strategy.
Business / Re: Forex Trading - Season 13 by dboy365: 4:00am On Apr 11, 2013
I hail oh.
Business / Re: Forex Trading - Season 13 by dboy365: 9:09am On Apr 09, 2013
fxisreal:

@kenny1984 the handle formed now can we drink tea? grin grin grin ;
na bucket me dey see here! grin grin grin grin
Business / Re: Forex Trading - Season 13 by dboy365: 11:42pm On Apr 08, 2013
fxisreal:

am enjoying the Nu here as well, too crawling but nothing spoil. hope it hit my level before the news. whatever it gives i will exit the trade before the news
out of NU at 8462. Next!
Business / Re: Forex Trading - Season 13 by dboy365: 8:06pm On Apr 08, 2013
fxisreal:

Thanks mate, but selling at that level for quick gain for me, i must say is less risky than buying though the trand is still pointing up.
Manage the sell trade wella or else...
Fed Chairman may speak and influence risky pairs esp EUR that im strongly up biased to 13105!
Business / Re: Forex Trading - Season 13 by dboy365: 7:35pm On Apr 08, 2013
this slowpoke just kept crawling. Anyway, SL moved to .8450. Lets see how it goes with consumer confidence coming up in 4 hrs time or so.! Meanwhile I missed a buy of my love EJ at around 128.23-26 because I was in transit and late for an appointment. Hope you guys jumped in wella?
Enjoy folks. Nice week already!

Business / Re: Forex Trading - Season 13 by dboy365: 4:42pm On Apr 08, 2013
dboy365:

@bolded, The market is always speaking via PA, it's left for us to be sensitive, listen and cuddle it well so She can give us the $$$. Thats how I see PA. Simple as ABC.
Anyway, I took a Stab at this bi.tc.h on my 2nd Account where I trade slam every bit.ch.es pairs. She is vomiting them $$$ now. Lets see if today's NZD biz confidence would catalyze the id.io.t to my destination, afterall, the three babies are risk-free now. Where next to deploy capital na me I dey find. PA all the way.
Enjoy folks
update on the slowpo.ke. risk-free. Respecting S/R.

Business / Re: Forex Trading - Season 13 by dboy365: 1:40pm On Apr 08, 2013
fxisreal: still holding this NU since last week, looking to exit @0.849x level its boring trade
boring babe indeed

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