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  • Hey guys,

    I just had a chat with Silent Specialist about last week.

    A couple of points to mention:

    - He'll be trading again from Monday with slightly reduced risk however he will avoid trading on Tuesday due to NFP

    - He held the trades beyond the 50% drawdown limit because of the extraordinarily high possibility of a retrace from 8500

    For everyone still holding trades, fingers crossed it gaps in our favour!

    I'll see you guys when the market opens
    Click here to check out the most popular forex channel on YouTube

    Comment


    • Originally posted by Silentspec View Post
      I decided to slightly reduce the risks. But I think in a couple of weeks, we have fully recovered and will be in profit.
      Last week was difficult, due to the unstable fundamental background currencies do not always behave technically, this was my fault. I think I should refrain from bidding starting Thursday.
      Hi Silentspec, Thanks for your honesty confession! Yes, hopefully we all can recover our loses. But take it easy and don't be in hurry. We can patiently follow you.

      Comment


      • Hello Traders,

        Reading the thread with interest. Seems like an incredibly risky strategy, however reward/risk still seems to be above even 3:1.
        I'm going to subscribe with a small accout and hope for the best. I guess its a good time to enter after such a large drawdown. Can't get any worse huh!

        Wish us all luck!

        Comment


        • I trust in you Silent

          Comment


          • Originally posted by zentrader View Post
            Hello Traders,

            Reading the thread with interest. Seems like an incredibly risky strategy, however reward/risk still seems to be above even 3:1.
            I'm going to subscribe with a small accout and hope for the best. I guess its a good time to enter after such a large drawdown. Can't get any worse huh!

            Wish us all luck!
            When you enter has no relation to "after such a large drawdown". It can get worse and it can get better. Every trade stands on its own merits.

            Comment


            • This is true for a probabilistic system like gambling, however the forex market isn't probabilistic it's heuristic in nature so you can't apply the Gambler's fallacy to it.

              Comment


              • Silent Specialist

                Originally posted by Hawk View Post
                Dank u Leenvr

                What I am planning on doing is: if the price has moved south prior to market open I will wait until the spread gets as close to normal as possible and then close all 10 trades manually, I don't want the software to close my trades automatically as I could be paying a high price on spread even if price has moved in our favour, hope that makes sense to all of you.
                Graag gedaan


                If I am right the quotes will update in two hours from now



                Sent from my iPad using Tapatalk - now Free

                Comment


                • If the dollar has dropped that much, why does gold not go in the opposite direction? It's all manipulation


                  Sent from my iPad using Tapatalk - now Free

                  Comment


                  • SS keep up the good work .. take a rest and relax ... keep up the good work ...

                    Comment


                    • I managed to close NU with 15% profit. Glad I didn't close earlier now

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                      • What is the acronym NU?

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                        • Nzd/usd

                          Originally posted by kenji View Post
                          what is the acronym nu?

                          Comment


                          • Originally posted by VictorTous View Post
                            Nzd/usd
                            LOL....I thot it was Northern Utilities.

                            Comment


                            • Just a heads up that Silent Specialist is planning on closing these trades before NFP today.

                              He's waiting for Europe/London so there is enough liquidity in the market
                              Click here to check out the most popular forex channel on YouTube

                              Comment


                              • Good plan
                                Seems like a wise guy although his crazy strategy :-D

                                Sent from my GT-N7000 using Tapatalk

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