TheMadDashforCash.com/tro
Snappy title. When did this come out?
-OS
EURUSD Trades
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- TheRumpledOne
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I have learned even more about FOREX.
I will give you a hint:
QUIT THINKING LIKE A TRADER AND START THINKING LIKE A BANKER!
Everyday, there's free money in FOREX... I am NOT kidding!
What do you think the SMART MONEY is doing?
Trading it like you and I? THINK AGAIN!!
I will give you a hint:
QUIT THINKING LIKE A TRADER AND START THINKING LIKE A BANKER!
Everyday, there's free money in FOREX... I am NOT kidding!
What do you think the SMART MONEY is doing?
Trading it like you and I? THINK AGAIN!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
Please do NOT PM me with trading or coding questions, post them in a thread.
- FemmeFX
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FemmeFX,
Nice pic.
TRO has said in the past that he prefers to stick with what he knows..."person who uses one gun has got to be pretty good" is more or less the quote.
Also, I've heard/discovered that the GPBUSD leads the EURUSD.
I suspect the fact that he only pays a 1 pip spread for the Euro wit EFX is also another incentive/reason.
-Later.
-Optionswings
Thanks for the compliment, Optionswings. Or would you prefer Ali? And thanks for the answer.
That's an interesting quote... never heard it before. Kind of like a Chinese proverb mixed with the Old West.
It was my understanding that EFX didn't have a spread, rather, they have a commission on each buy/sell order. But I could be mistaken. Still... one pip spread or a small commission means you have a better chance at coming out of the trade with some profits. Especially if you know how to use that gun.
Kat
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Trading currencies like a trader vs. trading like a banker?
Pray tell, TRO??!!???
Pray tell, TRO??!!???
TheRumpledOne wrote:I have learned even more about FOREX.
I will give you a hint:
QUIT THINKING LIKE A TRADER AND START THINKING LIKE A BANKER!
Everyday, there's free money in FOREX... I am NOT kidding!
What do you think the SMART MONEY is doing?
Trading it like you and I? THINK AGAIN!!
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"think like a Banker
Ali
I am interested in TRO's thoughts on this idea also,
Jimmyj
I am interested in TRO's thoughts on this idea also,
Jimmyj
Ali Son wrote:Trading currencies like a trader vs. trading like a banker?
Pray tell, TRO??!!???TheRumpledOne wrote:I have learned even more about FOREX.
I will give you a hint:
QUIT THINKING LIKE A TRADER AND START THINKING LIKE A BANKER!
Everyday, there's free money in FOREX... I am NOT kidding!
What do you think the SMART MONEY is doing?
Trading it like you and I? THINK AGAIN!!
- TheRumpledOne
- rank: 10000+ posts
- Posts: 15682
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 3038
- Location: Oregon
- Real name: Avery T. Horton, Jr.
- Gender:
- Contact:
TheRumpledOne wrote:I have learned even more about FOREX.
I will give you a hint:
QUIT THINKING LIKE A TRADER AND START THINKING LIKE A BANKER!
Everyday, there's free money in FOREX... I am NOT kidding!
What do you think the SMART MONEY is doing?
Trading it like you and I? THINK AGAIN!!
Oh, no, not another "I know secrets about Forex that only I know. I will drop you a few hints, to let you in on a few secrets, but only I know what REALLY moves the market."
Come on, tell us plainly and clearly what you are hinting at here, and let us examine the validity of it!
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On the topic of "what to trade", I know TRO says it doesn't matter, and for many he's probably right.
However, it's only logical to consider the cost vs reward of a trade. In the emini S+P, it costs me $5 to get in/out (using TS). If I only capture one tick in my favor, I get $12.50 for a net profit of $7.50 (assuming no slippage). On the DOW emini, I net $5/unit
In Forex (Euro) it takes at lest one pip to get in/out so you have to capture at least 2 pips to net a 1 pip profit ($10). Does that make it twice as hard?
Now, one could argue that pips are easier to make in Forex and that might be true for someone like TRO. I'd love to see what he could do with the emini S&P for a day! Maybe they would ban him from the CME !
Any thoughts?
However, it's only logical to consider the cost vs reward of a trade. In the emini S+P, it costs me $5 to get in/out (using TS). If I only capture one tick in my favor, I get $12.50 for a net profit of $7.50 (assuming no slippage). On the DOW emini, I net $5/unit
In Forex (Euro) it takes at lest one pip to get in/out so you have to capture at least 2 pips to net a 1 pip profit ($10). Does that make it twice as hard?
Now, one could argue that pips are easier to make in Forex and that might be true for someone like TRO. I'd love to see what he could do with the emini S&P for a day! Maybe they would ban him from the CME !
Any thoughts?
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