Of course Passyson. The difference between you and me is that you are glued to the screen while I have been mountain climbing all morning here in Taita Taveta. More like hill climbing. It's bloody cold.

The last time I ever manually placed a buy or sell order or looked at a chart was in March this year. Life's so much more.

@Passyson

LOL

You worry because you have not taken time to understand the math. Once you do,you have no worries. I know that 1 plus 1 is 2 or at worst 1.89.

Why don't you open an FX account with FXCM under the Introducing brokerage of Genius Forex? If you do,we give you local support services. I also get paid 1 pip for every trade you make. This one pip is money you normally give the broker on your spread anyway. Maisha ni kusaidiana. Why give an American the money when you can give it to a fellow Kenyan?

And you also get to be invited for a Networking Event I hold for FXCM forex traders on 23rd August 2008 for free. There are some seriously wealth acquaintances you can make there.

I have selected about 600 clients (not all have confirmed) to show up at my offices on that day or subsequent networking events. I have another batch of 3,000 who I need to schedule.

If you guys have other ideas where we traders can physically meet each other,speak up!

@alala

You said that it can recorrect drawbacks which have occured in an instance of your example which you went long on Both the EUR/USD and USD/CHF and were able to get (+254 -215 ) which means thats you are with profit of +39.What i was getting across to you is about the strenghts of correlations in the currencies you are pairing them with and their effect. What about if you take long position on both pairs and strength of USD/CHF goes stronger than EUR/USD strength? The profits will be minimized without doubt,thats why i was telling you the system will much depend on the strength of correlations as they exist currently.
The advantage at the moment is that the correlation effect of EUR/USD USD/CHF is almost perfect negative at around maybe -99% opposite(if one pair goes up the other goes down) and its retracement is not strong even if it occurs.So its not a suprise to reap 324 pips on a paricular day like this while we tech/funda reap around 40-60 pips.The not usage of SL or TP is because of correction which will be expected by the negative correlations.
So at the prevailing current situation and maybe things constant the system may function well but subject to changes as most do in a period of about some months and mind you the changes of correlations to positive or negative is caused by the same fundamentals. This is a learning process and may be comfortable at achieving minimum daily target for anyone.High risks are mostly triggered by the person himself with his desire,but does not mean he will be susceptible to his own demise.
What i like about fundamentals is that you can easily identify the strategies of systems at ease like those of correlations and arbitrage and still use them to hedge yourself comfortably while enjoying your consistent small returns. I dont think it would be easy for a person introduced to systems directly to identify different correlations effects.He will only rely on a span of period where the correlation will hold tight but cant notice effects unless an experienced.For you the better and good.

Anyway its nice mature discussion


@NGAATU

Sasa the meeting you are having is between your clients.Ama the 600 guys are traders with FXCM ama niaje huko.
You do have wealth acquaintance(hiyo jina ni ngumu kwa wananchi kama sisi) for your people is it related to forex ama you got other investment options.Si unaeza kutupatia some of the hints as we may add a few or embrace them.Thats good for developing the markets.

@ passyson how is forex.com.I have seen they have some good offers too.

@NGAATU

@Ngaatu

Genius also has an IB contract with Forex.com. So if you want to sign up with them as opposed to FXCM,niambie so we can make some cash off them. I can also expedite customer care and application issues. Free of charge.

I can hook you up vi-deadly sana. I just need you to sign up under Genius' FXCM IB brokerage and you qualify for the meet. Of the 3,600,some a traders and some are fellows enjoying Zulutrade managed accounts.

To be honest,if you sign up for FXCM under Genius I can request FXCM to provide you with Managed Account facilities so that you can legally trade without breaching section 3 of the Banking Act (i.e. you will not be accepting deposits - FXCM will - and you cannot be maliciously charged with "Obtaining Money by False Pretences" - some fellows will try using cops to pressure you even when the risks are clearly stated to be theirs. It is so important not to accept money from investors. Your life becomes so much more easier)

Good morning fellow traders. I hope you all slept well. Today,i have gone short (AGAIN) on the obnoxious EUR/USD pair since the Tokyo session and also the AUD/USD pair (gold prices have been down). I will TP right before the London session with a view of reentering the trades during that session.

I also look to short or long GBP/CHF pair depending on the outcome of the UK cpi m/m to be released @ 11:30am. I am hesitant on trading this news bit on the GBP/USD pair based on the USD bids prevailing in the market.

Happy trading all.



@NGAATU

FOREX.com refer a friend program is a good incentive for some bonus in your account....both your account and the referred friend.


Anyone who lives within their means suffers from a lack of imagination

@Kal-El

Genius Forex holds several Introducing Brokerage contracts with brokers who offer trading in Gold,Silver,Oil,the S&P,NASDAQ indices etc.

If interested give me a call on 0727 520 504

@ Fundamental and technical traders - EDSAS Automated System has booked me 45 pips as of 1 p.m. today. Happy screen-staring!

The reason why i trust my manual trading is that i am the sole decision maker of my trades :)

I have made cumulatively,376 pips on AUD/USD,EUR/USD,GBP/CHF pairs since my early morning screen staring sessions!


Anyone who lives within their means suffers from a lack of imagination

@ Kal-El

Pole,I had writtten 0720 instead of 0727. The number is 0727 520 504 or 020 211 3257

@Passyson,

How many lots do you trade a day?

Hello guys!
@passyson
The movement of small dollars particularly the NZD,AUD,CAD has been much affected by the weakening of commodities prices( Gold,ore,e.t.c) as i know they are also affected by the B.O.P. So if you went short with AUD,NZD and long on CAD in the morning sessions i think you would have made almost 40-50 (on each pair) pips as the almost all their support levels have been broken down. Am still anticipating the small dollars movement to be almost bearish taking into mind the falling levels of commodities. Opinion: dont you see the fear of chinese economic growth has hampered more the demand of commodities( there is a fear of inflation and cost prices are high) dont you think the chinese economy is correcting itself?Similarly the fear of slow economic growth in europe and also in asia may reduce further the demand for commodities and thus affect the commodity driven currencies?Give me your take


to all: Do you feel this may be the end of the greenback slump or is it supported by oil levels and other countries economic weakness rather than factual macro economic events? My take is that it is somehow depending on the other factors rather than its factual fundamental issues(the country has some things to sort out still) although its sustain may be boosted if the other factors continue to weaken!
Is the global economy recorecting itself as the effects are now felt everywhere(even in the robust dragon economy) or the dollar was just being speculated against the crude oil much?

I think the 50000 - 100000 units is a good range to waddle between,taking into account the spreads and other factors constant.

@NGAATU