Cray trading rules.

Profitable week... But one of the main rules - "Don't trade when you don't want to"
Next week I'll start trading again.

Have a good weekend.

Wow. Profits again.

Yesterdays note - Bought 1000000 eur 1.5502 and 600000 gpb 1.9465 without stops today.
A day have just begun and profits now!!!

closed eur 1.5670 profit 16799.99
gpb 1.9690 profit 13500

Balance: 73049.90 Wow! Wow again. Haven't expected such great results.
It's possible to earn much more..

The main thing in trading - is fear. Fear to loss money.. You shouldn't count money on your account it's just numbers. Before you withdraw money don't count how much you can buy on it.

Another profitable day..

I'm in a good mood. Another profitable day.
eur closed 1.5498 +$4599.99
gpb closed 1.9470 +$5749.99
jpy closed 104.60 +$3059.27

Total: 13409.25

MORE THAN 10000 A DAY! It was my target. But it was to easy..
And it's luck. Tomorrow may be worse.

Balance is: 42749.91

Bought 1000000 eur 1.5502 and 600000 gpb 1.9465 without stops today.

Results of the second week

Closed both jpy positions on 103.60. Yeah!!!
So profits for this lazy week.
Profits are:
2316.60
5038.61

Balance is:
29340.66

Opened:
eur 1.5590 sell 500000 stop 1.5660
gpb 1.9585 sell 500000 stop 1.9650
jpy 103.80 buy 400000 stop 103.00

Next steps

Now I have position jpy in rather big minus. opened 104.40 withot stop 300000
Opened today aditional positions jpy 105.34 200000
and jpy 105.00 200000

First loss

Huray!!! First loss. I'm glad that it happened. Because I'm not a kind of guru or trading god.

NO ONE CAN PREDICT ANY TRENDS! Even Me :)

loss $ -720.11

So balance is: 21985,45

Selling jpy one more time...

Is it possible to deversify your portfolio?!

Currency trends can affect the yields on your international stock funds. Here’s how you can protect yourself.

Question: Does the low value of the U.S. dollar today compared to foreign currencies make investing in international stock funds less attractive than when the dollar is strong? —Larry Mulcahey, Bloomington, Illinois

Answer: The value of the dollar versus other currencies in and of itself doesn’t determine whether foreign stock funds are more or less attractive to U.S. investors like you.

What does matter, however, is whether the dollar rises or falls against currencies after you invest in a foreign stock fund. And there the relationship is clear, if somewhat counterintuitive.

If the dollar weakens after you’ve bought an international equity fund, the currency effect will act as a tailwind of sorts, boosting the foreign fund’s return. Conversely, if the dollar strengthens, the currency effect will work against you, lowering the return. (This assumes that the foreign stock fund you’ve bought doesn’t hedge against currency fluctuations. If it does, then the dollar’s movements will have little or no effect on your fund’s return.)

A quick example shows why this is the case.

Let’s say you invest $10,000 in an international stock fund that buys foreign company shares denominated in euros. Before the fund can invest your money, it’s got to convert your dollars to euros. Assuming the euro trades at $1.54 - which was the case recently - your ten grand would fetch 6,494 euros ($10,000 divided by $1.54).

If the value of the fund’s stocks rises 10%, you would have a gain of 649 euros, making your investment worth 7,143 euros. If the value of the euro remains the same, then translating your euros back to dollars would give you $11,000 (7,143 euros times $1.54), giving you the same 10% return in dollars that you got in euros.

But what if the euro rises in value to, say, $1.60 (which is the same as the dollar weakening)? Well, in that case your 7,143 euros would give you $11,429 (7,143 x $1.60), which translates to a 14% return in U.S. dollar terms compared to 10% in euros.

If, however, the euro falls in value (i.e., the dollar strengthens) to, say, $1.48, then your 7,143 euros would give you $10,572 (7,143 x $1.48), which means your 10% gain in euros would be whittled down to 5.7% in dollars.

I should note that this little scenario simplifies things in many ways. I’ve rounded the figures, limited the example to one currency, ignored currency exchange and transaction cost and I haven’t considered what effect economic trends beyond currency fluctuations might have on the relative values of U.S. vs. foreign shares.

But the basic idea is that if you buy a foreign stock fund and the dollar then weakens, you’ll get a boost to the return generated in foreign currency, while a strengthening dollar will lower your return.

The question is, how, if at all, should you factor this tailwind-headwind effect of currency fluctuations into your investing strategy?

Well, I suppose if you really knew that the dollar was going to drop further in value you could buy foreign stock funds or increase your existing position in them hoping to get a currency boost. Or if you thought the dollar was going to rebound, you could hold off buying foreign shares or trim your holdings. Or, for that matter, you could simply buy or sell foreign currencies.

But I think that’s a dicey game for individual investors. Sure, looking back it’s easy to see that the dollar has been on a multi-year slide against the euro and other currencies. But as the example above shows, it’s what happens from this point on that will determine whether currency trends improve or erode your return.

And that’s where things get murky. I don’t think anyone is predicting a big recovery in the dollar’s value anytime soon. But some observers of the international investing scene say that with the dollar’s value at or near historic lows and the Federal Reserve probably nearing the end of its rate-cutting phase, the dollar is likely close to a bottom and could even rebound a bit from here.

Others contend that underlying economic fundamentals - such as our hefty budget and trade deficits - argue for continued weakness.

My position? I don’t try to predict currency trends. Instead, I advocate allocating a portion of your stock portfolio to foreign funds for the long-term return and diversification benefit they can add to an all-USA portfolio, not as a currency play. Since foreign and domestic shares don’t always move in synch with each other, owning both can reduce the volatility of your portfolio without sacrificing long-term returns.

Reasonable people can disagree about how much of your portfolio you should devote to foreign shares as well as how you should get that exposure. I’ve suggested 10% to 30% as a guideline, and I think broadly diversified foreign stock funds and ETFs like the ones on our Money 70 list of recommended funds are the best way to go for most people, as opposed to buying funds that concentrate on specific countries or regions.

Whatever percentage you choose and whichever funds you buy, be sure to rebalance your portfolio once a year. This way, your foreign funds won’t become too large a piece of your holdings when foreign shares are booming (whether aided by favorable currency trends or not), or shrink below your target percentage when your U.S. holdings are churning out bigger gains.

So unless you believe you have unique insights into the currency markets and the economic trends driving foreign markets, I say it makes no sense to try to time your moves in and out of foreign stock funds to take advantage of currency swings. If you want to do so without such knowledge, that’s fine. But you’ll be speculating, not investing.

original text

New profits

selled gpb 400000 1.9540 closed 1.9470 profit $2799
sell jpy 300000 103.90 stop 104.15 limit 102.60 - opened position
buy gbb 300000 1.9470 stop 1.9450 limit 1.9600 - opened position

main news of the day

New week plans.

New week is started I'm going to double my deposit this week.

Don't let some one to tell you, you can't something!

Closing the week

sell jpy 105.52 amount 200k stop 106.00 limit 103.60 - profti $3706.56

bougth eur 1.5350 closed 1.5470 amount 300000 - profit 4800

Total amount for the first week

19906.56
not bad hah?
Where to get money for the first account? You can use your credit card not only for buying new fucking boots and more pizza..

shareasale.com

shareasale.com
Confirmation Code: GDMFXDC17271926

As the economy struggles, where can you turn to -- investment-wise?

Inside Business: Investments
Good podcast - recommend!

top 5 books - will make you rich?

5 Most popular books wouldn't make you rich!

gran market news

Have you ever try to learn driving just reading the books? Or riding bicycle?!
So why all the newbie traders are trying to learn trading reading books?
But you can try...

Currency Trading For Dummies (For Dummies (Business & Personal Finance))


Day Trading For Dummies (For Dummies (Business & Personal Finance))


LEFT Brain Trading: the right mindset and technique for success in Forex


Profiting With Forex


Technical Analysis of the Currency Market: Classic Techniques for Profiting from Market Swings and Trader Sentiment (Wiley Trading)

gran market news

top 4 trading related videos trying to fool you.

How "they" trying to fool you...









A lot of special words. Graphics. Graal programs. Super strategy..
Great! Don't be stupid!

Shit - Another Forex success!

You can read another success story. Hmm.. For me it looks very similar to all another forexx success stories... Let's see!

How I became a successful part time trader

Introduction

I am Joe Chalhoub, a computer engineer, Forex trader and strategy builder. I began trading currencies 3 years ago. The first 3 months trading were complete failure, I remember I lost all my money and I was about to quit, but I couldn't, I felt if I quit now maybe I am missing the chance of having my own business. So I stopped trading and began observing, studying, analyzing and practicing.


He threw away his first deposit... Why? Fools and newbies have a good luck in trading and poker..


Observing: I began observing the market, what causes movement, reaction, ranging and trading.

Analyzing: I began working with technical and fundamental analysis; how each analysis can predict and redirect the market and how I can use them both for my own benefit. I will talk about these analyses in the following paragraph.

Reading: I bought Forex Trading Books and read them, books explaining different strategies and tactics used by experienced traders.

Practicing: I created free accounts and began trading virtually and each technique I invent I tried it and monitored its performance and validity.

Blah... blah... blah...

After one year of studies, analysis and practicing trading techniques and after many failure and frustration I reached my own strategy and it is working very well and each month my profit is positive.

Implementation

I reached my targets and I built a successful strategy, but that's not enough; to make profit I must not miss any opportunity and forex market is full of opportunities because it is the most active market in the world, for that reason I must sit all time and watch and detect opportunities all day long from Monday to Friday.

How to resolve this problem, I can't sit and observe the market hours and hours, I have my career and my family, so I thought I must program my strategy, let the Information Technology do the hard work for me, and nobody is discipline as a software, so I created an artificial intelligent software which collects data from the market and implement my strategy on this data and detect opportunities 24/24.

This program analyses fundamental and technical data and generates forex signals which are forwarded automatically to my broker platform where the signals are executed automatically and forwarded also to my website members. All this is done without my interfering, I just run the program, it analyses and makes its decisions (Buying, Selling or stay aside).

How to succeed in Forex Trading

Five over hundred traders succeed in this business, what differentiate those five successful from the 95 others is one thing, it is the HARD WORK. Forex trading is not an easy business, and who tells you that he can make you rich in one night is one of those 95. Only one thing can make you a successful trader, HARD WORK, and nothing else. Don't rely on other traders or advisors to help you, rely and have confidence on yourself.

Don't begin trading quickly, the forex market will not go anywhere, it will stay forever, give yourself 6 to 12 months of studies, analysis, readings, practice and build your own strategy before begin real trading, it will take a lot of time and dedication but at the end you will reach your target.

Strategy

I will not reveal my full strategy but I will reveal some techniques I use which help traders in their trades.

My strategy follows the following tips and techniques:

1 — Discipline: Put criteria for your trades, watch the market and only trade when criteria are met, if they are not met do not trade. My program is the most disciplined trader, it takes care of all of this, it monitors the market and only trade if only criteria are met, and the second advantage of this is the elimination of the fear factor, it enters a trade when it sees it is good to enter and fear nothing.

2 — Money management: It's the main key for good trading, I exit all trades and stop trading for a specific day if I lost -60 pips, in the other hand I put stop loss for my trades if I reached +25 pips profit, in that case profit will not get under +25 pips and it has open target, and all I have to do is go out and have fun.

3 — No trades for now: The most important thing in trading is sometime not to trade, I take this decision after looking to my charts and see that there is not enough volatility or there is no enough reports will be released for today and it is better to wait until market is more volatile. I advise traders not to trade during the first days of the month, personally I begin trading at the first Friday of the month when the "NonFarm payroll" report will be released.

4 — Analysis: I use fundamental and technical analysis while trading. Fundamental defines the trend of the market and the technical analysis is used after the definition of the trend. I trade the news by analyzing programmatically the released data for a specific report and generate signals which are executed immediately on the trading platform and forwarded simultaneously to my members.

Fundamental and technical analysis must be used together, if one is used without the other this will lead to failure.

5 — Technical indicators: In the forex market there is a lot of indicators which are used by many traders. I use ADX, Bollinger Bands to identify trends and volatility; RSI to identify an over bought or sold and Moving Average to identify a signal. And the most important technique is FIBONACCI, I advise traders to implement this technique and use it to confirm trades.

Finally, I must say that Forex is not easy, and many times we feel that someone is doing a conspiracy on us to take our money, but the truth is nothing is impossible, and others successful traders are not more intelligent than us and they are not genius from other planet, the fact is the more you work the more you become closer to become good trader. Do not quit quickly because this business deserves hard work and dedication.

By Joe Chalhoub

About the author:
Address: Lebanon, Beirut
Website: http://www.rpchost.com
Email: webmaster@rpchost.com
Bio: http://www.rpchost.com/profile.aspx

Why it looks all the time like he is going to sell another "holy grail" strategy?
Work hard. Be patient. And you will be rich. Hah?!!!
But you know those working hard, do so all their lives...

Just try. Kick your own ass and stard crazy trading.
You know why kids are so creative - they have no rules in their minds...

$2300 a day - another day results.

buy eur 1.5383 amount 200k stop 1.5340 limit 1.5700 - closed this position at 1.55
Profit - $2340
Total amount $ 11400

Week results

sell eurusd 1.5460 amount 200k stop 1.5540 limit 1.5370 profit $1800

opened positions:
sell jpy 105.52 amount 200k stop 106.00 limit 103.60
buy eur 1.5383 amount 200k stop 1.5340 limit 1.5700

Result of the week:
Balance: $9060

Almost 200% per week impossible hah?

You can read in any book it's possible on short term and impossible on long term..
But you should try a few times..

Books..

Okay, Okay.
There is some clever things in trading books. MM - money management for example.
But there is on thing. If you will do everything acording MM - it will take YEARS to make $1000 from $200 even if all of you trades will be profitable - and this is impossible.
According to MM all looses on open positions must be less than 25% of your deposit.
200/100*25 = $50. So you can open 10000 lot with 50 pips stop. or 20000 lot with 25 pips stop.
You can count how much you will earn by your self.

MM - works when you have big depo.
But before 10000k depo - it's anyway extreme crazy trading.
And it's possible to losse, and impossible to have profit...

My strategy

Recieved proposition to sell signals. I'm not going to do that.
What for? I'll post here closed trades with profit or loss.
The main idea of this blog show that success is possible in extreme trading.

If you know some forex success stories, please send mw links. I'll publish it here.

I recieved question on my e-mail about start deposit. That 5k is rather big amoun.
There are a lot of brokers (most of them) have mini trading accounts. And you can start from $500 even from $200 sometimes. It's possible. My first deposit was $200.
I'll try to find the statements on it and i'll publish them here...

For me the main problem in trading is psychological barrier. I have some too. It's 10k as soon I have 10k on my deposit I begin catching losses.
At first account it was $500 barrier than $800 and than 200$ barrier.

It is well-known that a scientist once said that physics shows that a bee can't fly.
But bee don't know about that...

That's why I recomend - DO NOT READ TRADING BOOKS. There described why you can't earn money quickly and why you should loose.

New orders

sold today eurusd 1.5460 amount 200k stop 1.5540 limit 1.5370

Hm.. Justi realised that my blog can be interesting only for newbies, so
stop - fix your loose
limit - fix your profit

Curren balance is $ 7260

Fu**king recomendations

Most of "Trading Gurus" telling to practise on demo account. Forget about it.
You can play nintendo racing games all the days for a long time, but it wouldn't help you to drive safely real car.

You can use demo just for learning interface.

Than you should play with real money because the main enemies in trading fear and greed.