Beginner trader working on a real account on Elliott Waves (invest - password enclosed)... - page 25
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
What does the BT say about the dollar? Very itchy to open down, time for it to bounce a bit...
The Canadian has been holding up well against the dollar for a week now. However, if playing up on the New Zealander is 100% reliable, then playing down on the Canadian,
There are some minor risks, which are estimated at 10% risk and the remaining 90% for the success of such a game. The current price is 0.9880.
Sart, what does VTE say about the EUR-USD pair?
Judging by my indicator readings, it's time for a correction. There could be another attempt upwards though. However, it may not be an attempt, but just the process of top formation. I think that the high of 1.5687, if it is broken through, will not be much.
As usual, the original thread has been distracted by the comparison of traditional TA and VTE forecasts.
VTE trading results for the first week :
18.02.08 to 22.02.08
Opening Balance : 500.00
Closed Profit/Loss : +77.17
Floating Profit/Loss : 0.00
Closing Balance : 577.17
To my mind, the TA forecasts looked very pale compared to the VTE forecasts. In fact, these forecasts often looked
They looked childishly naive, something like "two bounces, three hops..." and you couldn't really trade on them.
And on the contrary, VTE forecasts gave a trader the opportunity to really open positions in a profitable direction.
As for my own real account, of course, there is no dispute - the results are very modest, because I mainly wanted to demonstrate
a variant of real trading with minimal drawdown. I think I managed to achieve that. In fact, if one does the analysis he/she will see that the maximal
30$ drawdown (with a deposit of 500$) was made only on the first day of trading, on Monday. The other days of the week, the net worth never dropped
on the other days of the week the equtiity has never fallen below the initial deposit amount.
Results of VTE trades of the second week :
25.02.08 to 29.02.08
Opening balance : 577.17
Closed profit/loss : -180.76
Floating profit/loss : 0.00
Closing balance : 396.41
If anyone has been following closely the forecasts and their implementation (and there are hardly 2-3 of them), I think he was struck by the mystical irresistibility
of the mystical insurmountability of their realisation. The most seemingly unrealistic prediction on the Japanese, which has been called mystical by supporters of traditional TA, turned out to be so,
In the sense that it was realized with mystical accuracy last Friday - the Japanese Japanese crossed the level of 104.00.
it might have been at the time of the forecast. As for predictions on the traditional TA, they just didn't come in this week.
But of course we can't ignore the inexcusable error in the operational forecast for the Canadian. This error sowed doubt about the VTE's capabilities,
and for the author of the forecast the error cost a loss of $180.76. Unfortunately, I was unable to identify the cause of the error. Further work on VTE
I have not been able to determine the cause of the error.
Results of VTE trading for the third week :
03.03.08 to 07.03.08
Opening balance : 396.41
Closed profit/loss : +63.69
Floating profit/loss : -85.44
Closing balance : 460.10
Last week our method provided only two operational forecasts suitable for real trading : Pound forecast and Canadian forecast.
We have used these forecasts ourselves and gained $63.69 of profit. The floating loss occurred in the last hours of trading on Friday and was caused,
in our opinion solely due to the NFP event.
Fourth week trading results :
10.03.08 to 14.03.08
Opening balance : 460.10
Closed profit/loss : +171.15
Floating profit/loss : - 207.58
Closing balance : 631.25
Last week our method provided only two operational forecasts, suitable for real trading: on the NZ and on the Canadian.
Both of them were 100% successful. We used them ourselves and obtained good profit for a deposit of this size.
Floating loss was caught at the end of trading on Friday on the pound, because of its excessive volatility, but nevertheless the pound is in a very strong upward trend,
so we see no cause for alarm.
The forecast for the current timeframe will be as follows:
- Euro : up trend, however, min. targets reached, unambiguous operational prediction
- Pound : strong up trend, though, min. goals achieved, the strength of the trend is such that we predict an upside movement to the next target to the level of 2.0500
- CHF : No clear, unequivocal upward moves, can not be predicted with any immediate effect
- Japanese : downward trend, all of the min. targets are achieved, not predictable
- NZ : stable up trend, min target is 0.8600, and 0.8700 is not far off
- Canadian: stable trend downwards, the level of 0.9700 will be definitely reached, the only question is the timing
Real account data:
account - 211564
investment password - liED5Ea
servers - 212.65.93.14:433
or
- 217.74.44.38:433
-----------------------------------------------------------------------------------------------------------------------------------------------------------------
фунт. завтра он поднимица на немногоInsider? ;) From BAB personally?
who you're a pussy! i didn't know!
:)
Did you even hear about the insider?
how's the balance there, is it possible every day for those who haven't joined?
I think it is important and much more useful to have data on the total volume of open longs and shorts, because positions opened by 0.1 and 100.0 lots cannot be put on the same scale. 0.1 lot is opened by 90% of the losers, and by lots from 10.0, ... 100.0 and higher are used by traders who have been in the market for many years, and it's their positions that are of most practical interest, though such positions are in the minority. We are almost certainly provided with the data about the crowd mood, which is very often wrong.If we sum up all positions by volume, we get 0, because for any transaction there must be both a seller and a buyer with the same volume and price.