http://www.dreamteammoney.com/index.php Sat, 04 Feb 2012 09:04:31 -0500 1440 http://www.dreamteammoney.com/index.php?showtopic=142703


A lot of traders do not believe in stop loss placement.
Some believe in mental stop loss placement. meaning that when they feel that a trade is not going their way, they will then cut it off.
That is so terribly wrong. Stop loss placement is one of the most crucial key if you want to make forex trading profitable.
Another mistake traders make is that they shift their stop loss. They shift it backwards, thinking that the trade will just go back a little more and will come back their way. And sure enough, most of the time, they took more losses than they would have if they stayed on their initial stop loss.
In the chart above, is an example of the importance of stop loss placement.
Usd chf h4
In the highlighted box, thats a pin bar. When some guys see this pin, they will naturally take it down and the ideal place for their stop loss is the horizontal line in orange that is drawn.
Scenario A) if the trader did not place a stop loss, or a mental stop loss – look at how high the usd chf pair went upwards. Their account will be blown or had a huge huge loss.
Scenario Trader shifted their stop loss backwards from the initial orange line thinking that the trade will go back down. They would have taken a huge loss as the move went up terribly fast and would have gotten a big blow to their account
Scenario C) Trader sticked to their initial stop loss, they would have just gotten a standard loss of the % risked in their account, based on their money management. And this is just one of the trades among the plenty, therefore this loss is not a big deal.
I hope you guys can see the importance of placing and sticking to your stop loss. Or else your account will be blown before you know it.
Ezekiel Chew
Asia #1 Forex Mentor from www.asiaforexmentor.com]]> Thu, 02 Feb 2012 05:18:57 -0500 142703 http://www.dreamteammoney.com/index.php?showtopic=142687 binary options and what has been their experience just saw something on it and considering trying it out but dont know much about the business yet, any pointers?
]]> Thu, 02 Feb 2012 02:53:30 -0500 142687 http://www.dreamteammoney.com/index.php?showtopic=142652 Interpretation and analysis – GainForexSignal Team

Euro FX
EUR/USD

Date 01/02/2012
Total Open Interest 305,328
Net Marginal Change 2,215
Marginal Accumulation 178,272
Change in Total OI (%) 79.23

Yesterday futures traders added 2,215 new contracts. As mentioned, euro dropped only 4.5% in open interest since the correction. It is not sufficient enough to sustain the current breakout yet. Only 10-12% drop has a significant impact on prices. Euro, as expected declined today against dollar. Pair should range around the 1.30 area until a further drop in OI. Decline in OI will put an upwards pressure on the spot price by short covering. We have not seen this dynamic fully in play yet. Options ratio remains at 67% range in calls and growing. Strategy - buy on dips. We still expect more substantial correction towards 1.30-1.29 area before the trend resumes.

GBP FUTURES
GBP/USD
Date 01/02/2012
Total Open Interest 190,849
Net Marginal Change -1,133
Marginal Accumulation -23,941
Change in Total OI (%) -12.7

The British Pound futures market dropped 1,133 contracts in yesterday session. Cable advanced even higher today against the dollar. GBP/USD is now trading above 1.58. This level has not been seen in the British pound market since 15th November 2011. Although there was no correction yet, the outlook remains bullish. We should see more new money coming into this market. GFS holds the long position in GBP/USD since 1.5360.

YEN FUTURES
USD/JPY
Date 01/02/2012
Total Open Interest 172,967
Net Marginal Change 3,568
Marginal Accumulation 4,897
Change in Total OI (%) 2.91

Yen futures traders keep creating massive amount of new transactions in this forex market. Yesterday they added another 3,568. After massive 12% drop in open interest in yen futures, now traders are net positive. At this stage it is hard to say where we go from here. Based on the price action, this market remains dangerous and flat. Dangerous because the intervention and flat because has not moved from current levels. If one wanted to build on the speculative expectation of BOJ intervention, the strategy would be to buy support and sell the top of the spike. I would suggest waiting for the spike and selling the top. I think it is fear to say at this stage that BOJ has no control over its money. Every past treasury purchase to weaken the yen had no effect. Yen (despite irrationality) will remain the “safe heaven “for many. Consider that fundamental analysis favour yen strength over the long run. After correction, we might see even lower prices in USD/JPY in 2012.


FRANK FUTURES
USD/CHF
Date 01/02/2012
Total Open Interest 40,836
Net Marginal Change -546
Marginal Accumulation 1,522
Change in Total OI (%) 3.76

Frank futures lost marginal 546 contracts. Our outlook on this market remains the same i.e. Sell USD/CHF on rallies. Bulls seem to dominate the market in forex Frank futures. As open interest stayed slow, it has added some of the new transactions. Strategy – buy on rallies. We anticipate much lower prices in USD/CHF in 2012.

AUD FUTURES
AUD/USD
Date 01/02/2012
Total Open Interest 150,115
Net Marginal Change 2,822
Marginal Accumulation 47,455
Change in Total OI (%) 32.96

Australian dollar is still on the rise! AUD/USD advanced further in today’s trading. It has now reached levels from September 2011. Aud futures traders added 2,822 new transactions. AUD/USD remains the strongest currency on the board. We anticipate even higher prices as long as forex traders will keep pouring money into AUD futures.

For the full report please go to
Futures report
]]> Wed, 01 Feb 2012 18:24:10 -0500 142652 http://www.dreamteammoney.com/index.php?showtopic=142642
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Access your statistics in the Partner Room]]> Wed, 01 Feb 2012 07:10:04 -0500 142624 http://www.dreamteammoney.com/index.php?showtopic=142564 Interpretation and analysis – GainForexSignal Team


Euro FX
EUR/USD

Date 31/01/2012
Total Open Interest 303,113
Net Marginal Change 1,361
Marginal Accumulation 176,057
Change in Total OI (%) 78.24

In yesterday’s trading market added 1,361 new transactions to Euro futures market. This is possibly a continuation of the decline in Open Interest. We should see more negative figures in the coming days. Open interest declined only 4.5% so far. There was only one case where 4% drop in open interest resulted in trend reversal. 5th/10/2011 EUR/USD rallied from 1.31 to 1.41 adding 13% in new long open interest. Looking in the long term pattern in EUR/USD, that rally was just a correction in long declining market. Similar pattern is repeated in other pairs. AUD/USD dropped over 12% OI to reverse from 0.96 (23/11/2011), rallied towards 1.030 area adding 20% in new OI, formed higher bottom and advanced towards today’s levels. Same pattern can be observed in GBP/USD or USD/JPY. For now EUR/USD decreased 4.5% OI. Only 12-20% increase followed by second decline will suggest that the pair corrects before the downtrend resumes. For now, we assume that this is genuine reversal and there will be more upward pressure from now on. Open Interest is still above 300K – record high in this market. This is evidence that most traders are already in the market.
As expected - spot EUR/USD is correcting. We should see more downside in the coming sessions.
If OI falls further – buy on dips.

GBP FUTURES
GBP/USD
Date 31/01/2012
Total Open Interest 191,982
Net Marginal Change 68
Marginal Accumulation -22,808
Change in Total OI (%) -12.1

The British Pound futures market added only 68 new contracts. The price action reached three months high at 1.5796. There was no sign of letting go today. This is a third consecutive day with positive open interest. We assume that these are new long contracts coming into this market. The trend should be sustained but correction expected. Strategy – buy on dips.

YEN FUTURES
USD/JPY
Date 31/01/2012
Total Open Interest 160,477
Net Marginal Change 8,922
Marginal Accumulation 1,329
Change in Total OI (%) 0.79

Yen futures open interest increased by another substantial 8,922 new contracts. We are now back to the level from two weeks ago. Yen dropped 12% of open interest last week and a spot price advanced 200 pips From 76.50 to 78.30. It come straight back down to today’s levels. Since that market added over 13% of new open interest in only three days. It is very unusual behaviour indeed. This might reflect uncertainty and BOJ intervention expectation in near future. Strategy – buy USD/JPY close to all time low at USD/JPY. Consider that fundamental analysis favour yen strength over the long run. After correction, we might see even lower prices in USD/JPY in 2012

FRANK FUTURES
USD/CHF
Date 31/01/2012
Total Open Interest 40,279
Net Marginal Change 1,103
Marginal Accumulation 2,068
Change in Total OI (%) 5.10

Frank futures added only 1,103 new transactions. This is third consecutive day with positive open interest after the massive drop. Trader added over 2000 (5.1%) new contracts in only few days. The downtrend should continue. Strategy – sell on rallies.

AUD FUTURES
AUD/USD
Date 31/01/2012
Total Open Interest 147,293
Net Marginal Change -3,925
Marginal Accumulation 44,633
Change in Total OI (%) 31.00

Australian dollar dropped 3,925 transactions yesterday. This is the first decline of this size in this market since 16th Dec 2011. We still favour higher spot prices AUD/USD. The current trend remains intact for now.


For the full report with graphs please go to
futures report]]> Tue, 31 Jan 2012 18:28:31 -0500 142564 http://www.dreamteammoney.com/index.php?showtopic=142557 Forex-Metal is Offering Professional Accounts for Experienced Traders


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]]> Tue, 31 Jan 2012 12:43:09 -0500 142557 http://www.dreamteammoney.com/index.php?showtopic=142537 I hope you’re OK reader, after all that must have come as quite a shock. Now you’ve picked yourself up the floor, after reading the article title, which is a fact (well kinda), we’ll dwell on the subject at hand; why do so many lose at trading forex and what are the adjustments so many have to make in order to be in that top forty percent of winners?

OK, before we go any further let’s firstly deal with the 39% of winning traders quote. The fact comes as courtesy of forexmagnates in their redux lite version of a report covering the profitability and performance of USA based forex brokers. The leading figure was 39.1% client profitability from a broker who had circa 24,000 active accounts. There’s also other interesting snippets of information that are worth noting before we move on.



There was a steep fall in the number of accounts and activity levels in 2011 whilst the percentages of profitable traders increased. This could suggest a couple of interesting points, firstly are we collectively getting better at what we do? Or (and it’s not mutually exclusive) have a lot of ‘amateurs’ left the arena, gone back to the day job, leaving the numbers to be enhanced by the superior or more proficient traders? More importantly the number of brokers has shrunk, only the fittest of traders aided by most regulatory compliant firms will thrive.

* Number of forex accounts held with US forex brokers drops by more than 11,000 to all time low of 97,206
* Clients’ profitability is up 6.4% on average, second consecutive quarter that profitability is improvin

The US retail forex industry is now showing obvious signs of slow down, the number of non-discretionary retail forex accounts held with US based reporting brokers down to record 97,206, the lowest count reported since Q3 2010 when first such report was released. The extreme regulatory climate has made it extremely difficult for American brokers to attract new clients. However, out of the top ten forex clients listed the lowest recorded level of profitability was circa 32%.

It’s fascinating how many of us would receive a paradigm lightening bolt to our pre-conceptions when hit with the kind of figure that led this article. I’m not alone in taking ‘at face value’ some of the data and assumptions that come our way as forex traders. Instinctively I ‘knew’ that the unsubstantiated figure often hurled around trading forums; that only 10% of traders are profitable, was nonsense.

Having enquired at director level and read a comprehensive investors intelligence report, the reasonable figure for success was estimated at 20%, double the previous assumption, but 39% certainly took many by surprise the first time it was published, even more so that the top ten USA brokers have clients enjoying a 32% success rate. There is, however, a caveat, my twenty percent figure includes spread betters who could in theory be skewing the data due to being much worse traders (en masse) than pure play forex traders, a theory worth examining at a later date.

A question often raised by these type of success stats is “are a tiny percentage of successful traders distorting these figures?” But generally percentages, averages and the distribution of random data doesn’t work like that, and we should already know this being traders. If circa 40% of trades are profitable then the figure for the percentage of actual traders being profitable will be fairly close to that number.

In the first paragraph we posed the question why are so many traders unprofitable? Well armed with this new information I wonder if that assumption shouldn’t be examined in more detail. Firstly, out of the circa 97,000 live accounts held in the USA roughly one third are profitable, now not all of these account holders will be full time dedicated sole occupation forex traders, some accounts would be used as ‘punting’ accounts, folk who bet as opposed to trade (and we can save the obvious cerebral discussion on the difference for another time).

It’s impossible to gauge that breakdown of actual numbers of profitable traders from the information and data, but a figure above 50% would be a fairly safe bet and let’s just take our logic a stage further; in order to be full time, (for some time), the vast majority would have to be profitable, otherwise they’d simply give up the job. It’s interesting to note the further away we’re moving from this fantasy 10% figure the more we analyse a small piece of hard (audited) data.

There’s another aspect to this debate on success that’s also worth mentioning, perhaps supporting the view that FX is the best environment to trade in. If the wider trading success figure is closer to 20%, but the top ten USA FX brokers’ clients are all above 32%, then are we being delivered an obvious message there? If you want to enhance the probability of being a profitable trader then trade FX over and above equities, or indices and only consider using (dare I say it) an ECN/STP broker such as FXCC.

Here’s my own take on a more human level so to speak; I refuse to accept that anyone who has gone through my pain barriers over the past five years or so, who has gone to the extremes of discovery I realised was compulsory in order to become a consistently profitable forex trader, wouldn’t ultimately be successful and by successful I’d suggest a metric of taking a regular and reasonable salary or investment return of the forex market. And as I’ve stated on numerous occasions unless you attack our ‘forex challenge’ full time you’ll never ‘kick off the shoes’ and trade part time in a laid back fashion, that’s a luxury that only comes from experience.

Back to the question posed in the initial paragraph; “why do so many lose at trading forex and what are the adjustments so many have to make in order to be in that top forty percent of winners?” I’ll leave you with six reasons and please feel free to join in on the blog with your own suggestions or additions. Now I’m not about to ‘eulogise’ on the reasons and of provide solutions, it’s a straightforward list and there’s no riddle, the answers are there, the solution evident.

But firstly a recap, if close on forty percent of traders are successful then success as a profitable forex trader may be more in reach than you’d first envisaged. And that one figure, far higher than most would have anticipated, should be heralded as encouragement for fledgling traders.

Six Reasons For Failure
Read the full story

Source: FX Central Clearing Ltd, (http://blog.fxcc.com FXCC Blog)
URL: http://blog.fxcc.com/39-of-forex-traders-are-profitable
]]> Tue, 31 Jan 2012 06:50:10 -0500 142537 http://www.dreamteammoney.com/index.php?showtopic=142534 I have a demo account there , do anyone here uses or have been using zulutrade in the past ? I would like to hear some feedback before i start trading with real money. The idea of autotrading seems very apealing to me. Tue, 31 Jan 2012 06:09:09 -0500 142534 http://www.dreamteammoney.com/index.php?showtopic=142500 Interpretation and analysis – GainForexSignal Team


Euro FX
EUR/USD

Date 30/01/2012
Total Open Interest 301,752
Net Marginal Change -4,663
Marginal Accumulation 174,696
Change in Total OI (%) 77.64

In Friday’s trading open interest dropped again. We now have a third consecutive day in declining open interest in Euro FX futures. On Friday we lost 4,663 transactions. The total decrease in open interest amounted to 13,598 contracts. This is a 4.5% of the total market. The last drop of this size took place on the 24-28 October 2011; EUR/USD plunged from 1.42 to 1.25.Our bullish outlook remains intact. As expected the spot price retraced 100 points today. The downside is now limited. The price is expected to range and form a pattern before the next advance upward. There is a possibility that we might see a deeper correction to form a double bottom .There is a correlation between decline in open interest and the options delivery in Euro market. It seems that next week we have both; dropping OI and Options rollover. Look out for long signals next week. Strategy – buy EUR/USD on dips.

GBP FUTURES
GBP/USD
Date 30/01/2012
Total Open Interest 191,914
Net Marginal Change 2,961
Marginal Accumulation -22,876
Change in Total OI (%) -12.1

The British Pound futures market added 2,961 new contracts. The British Pound is now adding fresh money after the significant decline last week. This market dropped over 12% of OI, bringing the major, recent downtrend to its end. This should be a sign of short covering and new transactions being created in cable futures. Given the level of sentiment from COT report, we assume that these are new long positions coming in. As predicted, cable advanced higher. The strategy is to buy on dips. GBP/USD is expected to range and correct further before the trend resumes.


YEN FUTURES
USD/JPY
Date 30/01/2012
Total Open Interest 160,477
Net Marginal Change 11,642
Marginal Accumulation -7,593
Change in Total OI (%) -4.52

Yen futures seem to be unpredictable this week. The very interesting behaviour is noted as traders jump in and out of the yen futures. On Friday we saw whooping 11,642 new contracts. Few days earlier (24th) they added similar amount. The spot price spiked over 200pips and come back right to the initial levels or lower. USD/JPY broke through the support levels today. At this stage we recommend to stay aside and see how it is going to unfold. There is a possibility of BOJ intervention to weaken the yen.

FRANK FUTURES
USD/CHF
Date 30/01/2012
Total Open Interest 40,279
Net Marginal Change 37
Marginal Accumulation 965
Change in Total OI (%) 2.38

Frank futures added only 37 new transactions. We have recognised the top of this market last week. Since then, frank’s open interest has been dropping of remained flat. We expect the correction towards 0.9350 in the coming sessions. The strategy - sell USD/CHF on rallies

AUD FUTURES
AUD/USD
Date 30/01/2012
Total Open Interest 151,218
Net Marginal Change 3,606
Marginal Accumulation 48,558
Change in Total OI (%) 33.73

Australian dollar is the favourite market for traders. They added another 3,606 new positions. Aud futures OI has been climbing for a while now. The rate of change of OI remains strong. We should see even higher prices in AUD/USD spot.

For the full report with graphs please go to
Futures report
]]> Mon, 30 Jan 2012 19:11:33 -0500 142500 http://www.dreamteammoney.com/index.php?showtopic=142444 Can anyone tell me which sites are helpful for eur/usd forecasting. Please provide me the name of websites that i could get accurate eur/usd price fluctuation easily. Mon, 30 Jan 2012 03:06:25 -0500 142444 http://www.dreamteammoney.com/index.php?showtopic=142391
For the full report please click on the link below

28/01/2012 Weekly Currency Futures Sentiment and COT Report]]> Sat, 28 Jan 2012 15:56:42 -0500 142391 http://www.dreamteammoney.com/index.php?showtopic=142349 Hi i am an total noob in forex for truth but some of my friends said they are earning good in here as they started long back was it still nice time to get in can i find some nice books to go on or something else to make nice profit in forex Sat, 28 Jan 2012 02:43:01 -0500 142349 http://www.dreamteammoney.com/index.php?showtopic=142344 Interpretation and analysis – GainForexSignal Team


Euro FX
EUR/USD

Date 27/01/2012
Total Open Interest 306,415
Net Marginal Change -3,410
Marginal Accumulation 179,359
Change in Total OI (%) 79.71

The spot price advanced further today. It is about to close the week above 1.32. In yesterday’s trading euro futures traders dropped another 3,410 transactions. This is a second consecutive day the decline in Open Interest in this market since 6th Jan. Falling OI is an indication of the weakening trend. We expect EUR/USD to gain significantly in coming session. EUR/USD tends to rally or decline during the rollover in Euro options market. The delivery is due with the beginning of each month. I would expect EUR/USD to form a corrective pattern and advance further in February and onwards. Look out for a weekly COT report in order to gauge sentiment.

GBP FUTURES
GBP/USD
Date 27/01/2012
Total Open Interest 188,953
Net Marginal Change 120
Marginal Accumulation -25,837
Change in Total OI (%) -13.7

Cable remained flat in Thursday’s trading. We saw marginal 120 new contracts opened. As expected GBP/USD follows a similar pattern as EUR/USD at the moment. It will close the week above 1.57 mark. We should see more long contracts being created in pound futures in coming days/weeks. After the double decline, averaging 8%, we can call the downtrend completed. Expect GBP/USD to correct. I recommend to buy on dips.


YEN FUTURES
USD/JPY
Date 27/01/2012
Total Open Interest 148,835
Net Marginal Change -1,685
Marginal Accumulation -19,235
Change in Total OI (%) -11.45

The third consecutive day of decrease in yen futures open interest. It has now amounted to 11.45%. As mentioned last week; due to small accumulation since the last decline, yen might be forming the lower (double) top to advance further =USD/JPY decline. As we noticed last week, commercials added over 50% new short yen positions to their portfolio. Higher prices in USD/JPY are favoured.


FRANK FUTURES
USD/CHF
Date 27/01/2012
Total Open Interest 40,242
Net Marginal Change -275
Marginal Accumulation 928
Change in Total OI (%) 2.29

Swissy’s futures after dropping over 7% remains flat. We note drop of 275 transactions. Frank is poised to gain significantly in the coming future. The top in USD/CHF is definitely in place. Expect correction and sell USD/CHF on pullbacks.


AUD FUTURES
AUD/USD
Date 27/01/2012
Total Open Interest 147,612
Net Marginal Change 3,366
Marginal Accumulation 44,952
Change in Total OI (%) 31.22

The Australian dollar remains the favourite market for all long traders. We saw another 3,366 new positions opened. As expected AUD/USD is moving aggressively higher. The money seems to be pouring into this market with no signs of letting go. Current trend remains intact and going strong

For the full report including graphs please go to
Currency futures
]]> Fri, 27 Jan 2012 16:08:47 -0500 142344 http://www.dreamteammoney.com/index.php?showtopic=142324 ZuluTrade as signal provider? There are a lot of great traders with accounts bigger than 4 million dollars and you can join their accounts. I think it's a great platform and inside the whole platform you can join with different brokers.]]> Fri, 27 Jan 2012 15:38:07 -0500 142324 http://www.dreamteammoney.com/index.php?showtopic=142313
i would appreciate the assistance.......

cheers.....
]]> Fri, 27 Jan 2012 09:28:43 -0500 142313 http://www.dreamteammoney.com/index.php?showtopic=142312
A trade idea i wanted to get out there, to discuss and evaluate.

The basic position is Long Gold/Short Yen.

Now, to break it up:

1) Long gold : this is basically an inflation hedge, which is where it seems we are going eventually, with Helicopter Ben at the printing press and an ever expanding goverment (U.S) debt which is unlikely to be ever repaid, hence the only politically viable solution would be to print print print again.
2) If we are looking to take a long Gold position, we need to decide on the other half of the trade, sure, US Govt Debt is bad, but Japan is in much much worse state. At 200+ pct of GDP we are in Zimbabwe territory, it's only a question of time, and for those who pay attention BOJ already owns 8% of the Govt debt, which is to say, they are already self financing and no way out. I've read somewhere they put adverts for govt bonds in taxis now, seems like a move of desperation...

Now, there is another benefit of pricing gold in Yen. In USD terms, gold has gone up from 300 to 1500 so a factor of 5, in jpy terms it went from 5000 to 15000 jpy/oz, which is only a factor of 3. So essentially you are getting a 40% discount when priced in Yen. Why you might ask, well my theory is that there are huge ammounts of cash in the system and due to EU situation, the usual fear trades are: long usd, long jpy, long chf, long bonds. Well, CHF said, enough is enough and traders got screwed, hence there is one less instrument to buy, this is part 1. Part 2, is repatriation flows after the Fukushima. So basically, this makes Yen way way overvalued.

Overvalued Yen, eventual economic mayhem (either from Japan, or US, or EU or elsewhere, does not really matter where it starts, Japan is the weak link which will snap under the pressure in either case, the catalyst could be internal or external, the result will be the same) Gold as safe haven and there you go...

A trade of the decade!

(an alternative could be silver/jen or a mix of the two depending on your preference)

Let me know what you think, and if you see any flaws in my reasoning, especially if you see flaws in my reasoning.

Rgrds...
]]> Fri, 27 Jan 2012 09:28:07 -0500 142312 http://www.dreamteammoney.com/index.php?showtopic=142311
Most people lose when it comes to trading, and the average trader doesn’t last more than 2 years. Past that, there’s a gap between “normal” and “professional” that many are confused about, so I’ve written a bit about what can help bridge that gap and become a “professional trader.”

I currently work in the industry (at an equities firm and for myself as an independent trader,) and the majority of my income comes from trading in the markets. Through my time interning through school, my work at the firm, and on my own, I’ve surrounded myself with traders of all types. I hope to pass on the things I’ve learned and what’s worked best for me.

What you won’t find here:
Trade calls.
Trade signals.
Investment suggestions.
A free lunch (no such thing.)
What I won’t tolerate:
Responses proving you didn’t read the entire thread before posting.
Non-constructive additions to the thread (post here if you want to contribute or enhance what’s already been written. Do not post inane nonsense. The only exception is if you want to post a “thanks!”)
If you want to post in this thread:
Be polite and helpful to others. That’s it. No flaming.

I ended up writing out 11 pages in word... so uploading this section by section and formatting might take a while. Don't jump the gun quite yet and wait till it's all posted. Thanks!

And PLEASE: I put a fair bit of work into this, don't just copy paste it around.. if you'd like to share it, at least link people to this thread so they can be exposed to the forum and may even sign up.

(edit, also I kinda just wrote it all out without much proof reading... it should be quite readable but forgive any missing words or typos.)]]> Fri, 27 Jan 2012 09:27:41 -0500 142311 http://www.dreamteammoney.com/index.php?showtopic=142310
1. Demo trading is useless.
2. When you buy, the market will go down.
3. When you sell, the market will go up.
4. If the market goes in the right direction, you either pressed the wrong button, or you are looking at the wrong market, or you were demo trading.
5. Leveraging is the only get-rich-quick-scheme that is actually working.

6. If you put a stop loss, the market will chase it.
7. Then go back to where it was.
8. Chasing back the market for revenge is a good idea.
9. Not putting a stop loss will insure that the market can't chase it.
10. Margin call is another thing that the market is chasing.
11. What was your credit card number again?

12. Moving stop losses when the market gets too close to them is a sure way of avoiding losses.
13. Pyramiding your profits is too risky.
14. But averaging down is the best way to make up for your losses.
15. Hedging by taking the same opposite position is also a good alternative.
16. The losses due to the difference of interest rates is insignificant, especially when you are leveraging a lot.

17. Martingale is risk-free a winning strategy.
18. Because it's impossible to have 10 losses in a row.
19. And doubling 1£, 10 times, won't get you a 1024£ loss.
20. And no, it's not high school level mathematics.

21. If somebody is selling, he must have a good reason, you should do the same.
22. Especially, if according to him, the price will go to 1.2345 then to 1.2344 then to 1.2343 then to 1.2342...
23. And why not using the 200:1 leverage, that way you will get back all your previous losses.
24. If it fails, that's the broker's fault anyway.
25. And blowing your account is a sign that your are getting better and better and you should boast about it.

26. All those indicators are here for a reason, you should plot all of them on your chart.
27. And if this line is crossing that one while that candle is bullish, you must buy.
28. When buying at the support line, there will be a break-out.
29. When selling at the support line, there will be a bounce.
30. In fact, all strategies are working, but they always begin to fail when you try them.

31. The price is "too high"(low) is always a good reason to sell(buy).
32. Trying to pick the top or the bottom of a yearly trend is easier to do by looking at the price action of the last few hours on a 5 minutes chart.

33. Central banks don't know what they are doing, you know the market better than them.
34. It's also true for politicians, big banks, regulators and hedge fund.
35. But, they can manipulate the markets to chase your stop-losses.

36. Growing an account from 10$ to 1 millions$ in two week is easy.
37. Rules like "10 pips every day", "10% a week" are working.
38. The asset managers in your bank are just not good enough to give you that kind of return.

39. You don't need discipline to become a trader, wildly pressing the buy and sell buttons is working better.
40. You don't need to know what are inflation, gdp, interest rates, central banks and all that stuff.
41. In fact, having any finance related knowledge is useless.

42. If you follow those rules, you will be richer than Warrent Buffet.
]]> Fri, 27 Jan 2012 09:27:11 -0500 142310 http://www.dreamteammoney.com/index.php?showtopic=142309
Objective
Cut down losses to the minimum

Requisites
- Active monitoring and management of trade positions
- Discipline to exit trades manually

How this system work?

1. For example, you have decided that your stop loss is going to be 20 pips. This shall be your mental stop loss (at -ve 20 pips)

2. However in the actual trade, you will put a fairly larger stop loss, say -ve 40 pips.

3. Monitor the trade when it gets triggered. The moment the trade goes against you, and hit the mental threshold of -ve 20 pips or more, you may consider treating this as a bad trade. Watch and wait for the price to pullback a bit in your trade's favor. Chances are you will get to -ve 10 pips or less. Sometimes, you can even get to breakeven or even get a small profit. Usually, I will exit a bad trade with a few pip's small loss, if I feel that the momentum against my desired trade direction is very strong.

4. The worst case scenario is that you get hit with the bigger stop loss. From my experiences it doesn't happen that often. The amount of money I saved from my active manual stop loss management is worth the risk.

5. If you follow this system, your risk-reward ratio will improve drastically.]]> Fri, 27 Jan 2012 09:26:31 -0500 142309