Ever heard the saying that if you lie enough times about something you might end up believing the lie yourself? Would not be surprised if the "Xspurt of Ambiguity" is hitting that stage as we speak, crazy vendor man. That 20,000 ES comment probably a new marketing scheme, just like 40 pips a day without losing days, wtf man, anyone with basic mathematics knows that equates to unlimited amount of money over short period of time, how stupid can people actually be to claim that or even believe that! Just believing shit like that makes you an idiot, no excuse at all for doing so, unless you are, i don't know, 5!?
Resistance was on the 30min chart but it just hung there making a triple top. Hanging there changed it from a 30min swing down to a 2 hr swing down which helps harvest more pips. Once PA is banging up against a resistance level and you have the cycle telling you to expect a short you can treat it as a pop or drop level and enter with a very tight stop and then trail down. I hope that helps - I'm off to do things in the real world.
Believe me there are more applications than I would like to accept. By the way, can't you remind me, where did you take $1K figure from? Just the facts please, no rambles.
So you are incapable of bagging 40 points from a market that on average travels within the region of 100 points a day?Trading forums fascinate me,I have just witnessed a 60 page discussion full of "traders" who are convinced its impossible to trade... "well thats just gambling" "even if you are consistent its just luck, can you do it three times in a row? that would prove something" "well even if you are lucky and make a ml a year, can you really survive on that" You are undeniably retards, that you would even be on a trading forum with the personal premise that trading is impossible alone proves this.
Geocaching the Arctic, perhaps? Gotta go harvest those pips! The FX market ain't big enough for you and Chuck Norris.... so Chuck sticks to equities. You make Hershey appear lucid and sane. Time for your Sheba alias to come in and rub your shoulders. Bye all.
Trading consistently profitable is possible, no argument there, and even using TA, I'm not marketsurfer. Trading consistently and bagging in excess of 40pips a day without a losing day, is a feat that would take you above Bill Gates level in a reasonable amount of time, in a market that has serious liquidity like Forex it would be mathematically possible. Who's the retard now, retard? You truly believe that is doable based on some douchebag posting in ET?
Sheda, cut the crap! 40 points by itself isn't so hard to believe, but to do that constantly, daily, long enough to turn $10,000 into $1,000,000, in, if I recall correctly, one month, or was it a year? And, on top of that, its all going to be done by a rookie? Bullshit!
Unlimited amount of money hey? I take it you would be trading thousands upon thousands of contracts a day then? As we all know the average FX broker can execute a 500,000 lot trade with no sliappage intra day to provide us with this unlimited amount of money you speak of once we have worked out how to trade right?