Thread: trading systems vs account size

Originally Posted by ;

all I gotta say is if u create over 2200 pips then man thats amazing
I want I can create that much but I didnt. But hey someone making over 2200 pips like urself spending time on a forex forum now theres ta be one dull life ur alive especially when ur not here to assist like most people and only tryin to pick arguments

yes while my profits run (by the way I am 120 pips good so far on gbp/usd now at $20 each pip)...I spend some time on here laughing at all of the mini account traders dreaming of the fortunes they are gonna make...

trust me I dont have to show u my announcement nor does anyone else. My call is sufficient to demonstrate the profit of one trade. U wanted proof a system functions? Well I gave un evidence.
Okay I am waiting for ur evidence...

its really sad all ur doing is hoping to be a funny smartass using ur wannabe smooth reply lines

oh I have helped several traders on here...

of course im impressed. But im more impressed in ur 2200 pips in 13 days without a few days of weekends. Man u must have chosen every top and bottom on each pair
picking tops and bottoms are for wanna be traders...

loooooooooooooooooool go buy that ferrari and push around pickup some women coz if im making 2200 pips identification do exactly that. I wouldnt come here and attempt to create fun of individuals

sorry I drive the porche. . .not a fan. . .too much effort stay in position. . .but that wudnt understand as u have never pushed a right? Oh and I need to pick up women cause my spouse is as sexy as you've ever seen....

Perhaps if u stop being a smart butt I might help you...

I sold in 2.0220 closed at 0095

alright then, I cant turn down an offer to help
feel free to pm me

Originally Posted by ;

I offered in 2.0220 closed at 0095

okay then, I cant turn down an offer to assist
don't hesitate to pm me

Ok here we go for today....
Gbp/usd has shaped a downward channel that has identified a few important levels. I stay bearish on gbp/usd and will only look for selling opportunities. For today Cable may attempt to push higher before selling . On the upside Cable may attain 2.0275/85 that is the point where the trend line and the 50% Fibonacci retracement of the current downward move meet. Short positions can be obtained at 2.0280 with stops outside the channel at 2.0310 and goals of 2.0160 and 1.9990. If Cable goes down in the London open short positions can be obtained below the daily pivot point in 2.0215. If those trades are missed then wait for a rest of the low in 2.0160 to get a new brief entry for an evaluation of 1.9990. GBP PPI Input figures will be announced at 10:30am that is a high impact event and the US Core Retail Earnings data at 14:30


Euro is creating ground gradually to lower regions. There is a little foundation set up at 1.3624 that will need to give way to permit for further downside targets to be attained. Euro may continue to bounce from the first London session. Use the rebound as an opportunity to initiate positions near pivot points or resistance levels. A brief position just under the pivot point at 1.3719 should be protected with a stop above 1.3736 to get a test of the foundation at 1.3624. In the event the opportunity to market high is missed then wait for a break under 1.3620 before going short for an evaluation of 1.3355 that is the 50% Fibonacci retracement level. US Core Retails Earnings data will be announced in 14:30 that is a high effect news event so be prepared.

Nice analysis

my target for gbpusd would be 2.0050
sick be promoting here and anyplace above 2.0150

so ur analysis was for now. Does the 1.9990 still apply for tomorrow since it broke 160 and is a dozen pips under it?

I can only speak for myself. I started with 14000 dollars. I trade only 2 pairs. I use 2 regular lots to get a transaction, at any given moment I can consume up to 4 regular lots on the desk. I seem to make only 300-1000 dollars every day. On the average I make 1500-3000 dollars each week. I only trade 4 hours every dayI take care of my son so I do not have enough time nor the will to sit 8-10 hours and commerce. I make a steady living. I do not gamble nor seem to make a lot of cash. I make a transaction that is poor in a while but on the average I make 13 winning transactions and just one bad. I use SL as well as TP. My r/r is always 2:1. I have an account of roughly 53780 dollars. Locate a reason to trade this will keep your feet on the ground, to me and having the time to see him learn and grow.

Originally Posted by ;

fine analysis

my target for gbpusd is 2.0050
sick be selling here and anyplace above 2.0150

so ur analysis was for now. Does the 1.9990 nonetheless use for tomorrow since it broke 160 and is now a dozen pips under it?

Yes 1.9990 is still valid. . .it is your 76.4 fib retracement of this upmove that began aroubd 8 june...a very strong support amount for gbp/usd. . .and the the fib amount that gbp/usd bounces off often. . .once it strikes 1.9990 I am looking for a sharp up movement. . .testing the 2.0300, 2.0400 and 2.0500 degrees again...

Ummmmm, therefore if $1 beginning size appears to be a joke lets monitor an account started this Monday with only $1

Summary: Deposit/Withdrawal: 100.00 Credit Facility: 0.00 Closed Trade P/L: 320.33 Floating P/L: 0.00 Margin: 0.00 Impact: 420.33 Equity: 420.33 Free Margin: 420.33

The account balance in shown in cents till the level of $200 when the account extends to a standard account from micro.

I use the MT4 publisher to ftp the report for my webspace automatically.

Originally Posted by ;

ummmmm, so if $1 beginning size appears to be a joke then lets monitor an account began this Monday with only $1

Summary: Deposit/Withdrawal: 100.00 Credit Facility: 0.00 Closed Trade P/L: 320.33 Floating P/L: 0.00 Margin: 0.00 Balance: 420.33 Equity: 420.33 Free Margin: 420.33

The account balance in shown in cents till the degree of $200 when the account extends to a standard account from micro.

I use the MT4 writer to ftp the report to my webspace automatically.

Wow nicely done son u made a whole $4....keep up the fantastic work. . .soon u will soon be printing money....lol

ok let us see what this evening has in stock for us....

Eur/$: Euro was extremely predictable . I hope it continue the bearish theme for the remainder of today. Euro found support at the 1.3624 foundation but eventually was able to edge slightly lower and currently trades at 1.3614. There are a few previous lows offering aid at 1.3600/02. I would like to see Euro move until the daily pivot point at 1.3639. Short positions could be taken at 1.3634 with stops beyond the channel at 1.3660 and targets of 1.3600, 1.3570, 1.3533 and ultimately the 61.8% Fibonacci level at 1.3490. If Euro breaks through the resistance channel then it will cancel some short positions, but no long position should be taken. Do your very best to lock in some profits before 14:30pm US PPI and Trade Balance figures struck the wires

GBP/$: Cable also stayed bearish and carried out the plan to perfection. I anticipate Cable to accomplish our final downside target today. Look for a push to the daily pivot point at 2.0151. The amounts to make sure that they are falling as the prices approach the pivot point to indie that the pivot point will maintain. Short positions could be taken at 2.0146 with stops above 2.0168 and targets of 2.0045 and 1.9990. A break above the resistance and daily pivot point would cancel some short positions. There's GBP CPI information to be published at 10:30am to keep this period in your mind as well as the release of the US Data at 14:30pm.