Trading Elite Club (T.E.C) Discussion

[supremegizmo]

Charts of day

 

[DashRiprock]

So i just thought!

Oandas platform is not very good really apart from the free news. but demos forever for metatrader are easy to get i think so you could try;

having an account with oanda for trading
having demo account in MT4 for your graphs (assuming you are doing technical analysis)
read the turtle strategy i posted a while ago and make that on the metatrader platform. metatrader has a wide userbase and big community so lots of help and gadgets and things

then you can experiment trading positive carry with the turtle system for breakouts and pullbacks (which are two very common entry techniques). because of no leverage its very very very very hard to blow your account all you are doing is changing currencies like bearau de change but at proper rates. it might not work for you and im not saying do this and you will make money because you could lose money. but you should not lose enough to start panicking when you have trades on like most learners.

but it will give you a foundation for changing the strategy a bit and making your own way in trading.

 

[kdwjohn]

A new post on black swan's wall

Black Swan is happy. kdwjohn is on his ignore list

 

[Black Swan]

for all learner traders, having an account like 100 or 500 pounds with the normal spreadbetting companies means the minimum stake size is still too much leverage for your account size and experience. so an idea you could try is this to help you with your trading:

make an account with Oanda. they have no minimum account size and no minimum deal size either. they also pay you sensible carry rates and by the SECOND :-0

now, because you can do no minimum deal sizes it means even with 100 pounds you can not trade with leverage. This is good for learners!

As well, because they pay proper rates and not stupid spreadbetter rollover or whatever, you can do carry trades.

So, what you can try is picking carry pairs like aussie yes or euro skandies and say you are ONLY going to trade positive carry. that meant that you dont have to decide whether you are buying or selling, for each pair you will always be doing one or other because of the carry.

then, because you can do small size, move a proportion of your account (say 20%) into a carry trade. then all you have to do as a trader is to decide WHEN to enter and exit and stops. by already knowing you are only buying or selling you have halved the amount of work and you are earning carry which is a small help for your account.

i dont work for oanda or anything but i think most people say they are a good company.

Good advice, they could try fxcm mini-lots/micro..

 

[Black Swan]

i m honoured to have your education and i am not trying to put words into your mouth. i just read what you write and then try and understand it.

so you risk 0.5-1. maybe i am wrong but didnt you say somewhere that you ve been 500 pips offside on a trade. so at 1 percent that would give you a bank of 50,000 pips.

as you are obviously a player i would estimate that you at least trade £10 per pip if not more.

wouldnt that give you a bank of at least £500,000.

you are a player

Damn, forgot to put you on ignore..Yes you are clumsily attempting to dissemble. Never been 500 pips 'offside' with a single trade..again you're just being silly. When I take a new swing I choose the HH or LL of the previous day or session as an initial stop, not 500 pips, on average this equates to circa 200 pips. Given that I'm in multi trades, up to 9 pairs (although sometimes I'm sidelined on a pair if I've taken profits) it's not unusal for me to be 500 pips+ offside on all trades concurrently. Is it night time in Nam? You need to put down the bottle, hit the hammock and stop this obsession..

 

[kdwjohn]

"Can you handle that situation now, could you handle being down 500 pips across 3 pairs and stick to the plan? If not trading is not for you as you'll never turn 100 quid into the minimum ten grand you need to sit at the FX table to attempt to make a living and don't waste your time, you'll never make it part time..."

So you put your stop as high as 200. between 1/2 and 1 percent of your bank still gives you a balance of over £200,000. i dont think so.

 

[Black Swan]

This message is hidden because kdwjohn is on your ignore list.

 

[kdwjohn]

Damn, forgot to put you on ignore..Yes you are clumsily attempting to dissemble. Never been 500 pips 'offside' with a single trade..again you're just being silly. When I take a new swing I choose the HH or LL of the previous day or session as an initial stop, not 500 pips, on average this equates to circa 200 pips. Given that I'm in multi trades, up to 9 pairs (although sometimes I'm sidelined on a pair if I've taken profits) it's not unusal for me to be 500 pips+ offside on all trades concurrently. Is it night time in Nam? You need to put down the bottle, hit the hammock and stop this obsession..

goldfish. in less than 2 hours you had forgotten to put me on "IGNORE". with all the pairs you are running how do you keep tabs of the open, limits, stops and size with your memory.

Black Swan is unhappy, hes forgotten to add kdwjohn to ignore
Black Swan is happy, hes remember that he has to do somethinng, but cant remmeber what it is

 

[kdwjohn]

This message is hidden because kdwjohn is on your ignore list.

You remembered now. You are pathetic

 

[kdwjohn]

This message is hidden because kdwjohn is on your ignore list.

Can you not put every one on ignore so we dont have to read your BS. Alternatively go to another forum for Failed Traders

 

[BlackBison]

kdw you sure don't pull any punches do you?

I'm not sure if I should meet you now- I might not make it out alive

 

[Pazienza]

You have no idea of the time, effort and discipline it requires in order to become a consistently profitable (self employed) FX trader..You got a refund yet? Oh, I forgot, that's too small time for you, you're taking him to court...:whistling

Neither do you Walter.

Just to remind everyone, Black Swan is not a profitable trader. Just read his posts - the tone on its own is enough to tell you, but if it didn't the content would. Why he feels the need to belittle people who are in the same position as him, I don't know, but he really should stop it.

He's also been exposed on here as a two bob spread better by a rather interesting vendor - a vendor he now spends a lot of time trying to protect from criticism.

Are you still pretending to have me on ignore (down the) Swanny? Bless...

 

[moneyman01]

he's a frustrated virg

 

[DashRiprock]

FAB

 

[moneyman01]

sorry black cloud i forgot xx

 

[achilles1]

Oh, one more thing as this is my last contribution to this thread, we were discussing Phil Newton before on the main forum, thuoght occured that he may be able to help, I happen to think he's full up in his room but here's a link to his site anyhow. Now Phil just doesn't *do* calls he educates you, properly. You will not find better if this is the kind of teaching you're after. £360 per Q is nothing.

http://www.trading-strategies.info/

Well that didn't last long!

 

[bangkokgee]

he has nothing better to do but post makes him feel good having a go at anyone,alone in his sad im a trader little world how many more posts of **** will he post maybe as many indicators he uses,teachers teach traders trade and failed traders spend too much time posting and reading forums

 

[bangkokgee]

Been at/in an investors meeting all day, so thought I'd give this a bump as I'm here for half an hour..

what you buying now the next fx super indie legend in your own mind

 

[stevespray]

What was the score on TEC yesterday?

Cheers,
Steve.

 

[PackerBoy]

So here’s a list of Rothschild - Owned / World Banks.

Seems they’ve been quite the busy over the years.

I originally guessed 1 or 2 but here is the list anyway.

Afghanistan: Bank of Afghanistan
Albania: Bank of Albania
Algeria: Bank of Algeria
Argentina: Central Bank of Argentina
Armenia: Central Bank of Armenia
Aruba: Central Bank of Aruba
Australia: Reserve Bank of Australia
Austria: Austrian National Bank
Azerbaijan: Central Bank of Azerbaijan Republic
Bahamas: Central Bank of The Bahamas
Bahrain: Central Bank of Bahrain
Bangladesh: Bangladesh Bank
Barbados: Central Bank of Barbados
Belarus: National Bank of the Republic of Belarus
Belgium: National Bank of Belgium
Belize: Central Bank of Belize
Benin: Central Bank of West African States (BCEAO)
Bermuda: Bermuda Monetary Authority
Bhutan: Royal Monetary Authority of Bhutan
Bolivia: Central Bank of Bolivia
Bosnia: Central Bank of Bosnia and Herzegovina
Botswana: Bank of Botswana
Brazil: Central Bank of Brazil
Bulgaria: Bulgarian National Bank
Burkina Faso: Central Bank of West African States (BCEAO)
Burundi: Bank of the Republic of Burundi
Cambodia: National Bank of Cambodia
Cameroon: Bank of Central African States
Canada: Bank of Canada - Banque du Canada
Cayman Islands: Cayman Islands Monetary Authority
Central African Republic: Bank of Central African States
Chad: Bank of Central African States
Chile: Central Bank of Chile
China: The People’s Bank of China
Colombia: Bank of the Republic
Comoros: Central Bank of Comoros
Congo: Bank of Central African States
Costa Rica: Central Bank of Costa Rica
Côte d’Ivoire: Central Bank of West African States (BCEAO)
Croatia: Croatian National Bank
Cuba: Central Bank of Cuba
Cyprus: Central Bank of Cyprus
Czech Republic: Czech National Bank
Denmark: National Bank of Denmark
Dominican Republic: Central Bank of the Dominican Republic
East Caribbean area: Eastern Caribbean Central Bank
Ecuador: Central Bank of Ecuador
Egypt: Central Bank of Egypt
El Salvador: Central Reserve Bank of El Salvador
Equatorial Guinea: Bank of Central African States
Estonia: Bank of Estonia
Ethiopia: National Bank of Ethiopia
European Union: European Central Bank
Fiji: Reserve Bank of Fiji
Finland: Bank of Finland
France: Bank of France
Gabon: Bank of Central African States
The Gambia: Central Bank of The Gambia
Georgia: National Bank of Georgia
Germany: Deutsche Bundesbank
Ghana: Bank of Ghana
Greece: Bank of Greece
Guatemala: Bank of Guatemala
Guinea Bissau: Central Bank of West African States (BCEAO)
Guyana: Bank of Guyana
Haiti: Central Bank of Haiti
Honduras: Central Bank of Honduras
Hong Kong: Hong Kong Monetary Authority
Hungary: Magyar Nemzeti Bank
Iceland: Central Bank of Iceland
India: Reserve Bank of India
Indonesia: Bank Indonesia
Iran: The Central Bank of the Islamic Republic of Iran
Iraq: Central Bank of Iraq
Ireland: Central Bank and Financial Services Authority of Ireland
Israel: Bank of Israel
Italy: Bank of Italy
Jamaica: Bank of Jamaica
Japan: Bank of Japan
Jordan: Central Bank of Jordan
Kazakhstan: National Bank of Kazakhstan
Kenya: Central Bank of Kenya
Korea: Bank of Korea
Kuwait: Central Bank of Kuwait
Kyrgyzstan: National Bank of the Kyrgyz Republic
Latvia: Bank of Latvia
Lebanon: Central Bank of Lebanon
Lesotho: Central Bank of Lesotho
Libya: Central Bank of Libya
Lithuania: Bank of Lithuania
Luxembourg: Central Bank of Luxembourg
Macao: Monetary Authority of Macao
Macedonia: National Bank of the Republic of Macedonia
Madagascar: Central Bank of Madagascar
Malawi: Reserve Bank of Malawi
Malaysia: Central Bank of Malaysia
Mali: Central Bank of West African States (BCEAO)
Malta: Central Bank of Malta
Mauritius: Bank of Mauritius
Mexico: Bank of Mexico
Moldova: National Bank of Moldova
Mongolia: Bank of Mongolia
Montenegro: Central Bank of Montenegro
Morocco: Bank of Morocco
Mozambique: Bank of Mozambique
Namibia: Bank of Namibia
Nepal: Central Bank of Nepal
Netherlands: Netherlands Bank
Netherlands Antilles: Bank of the Netherlands Antilles
New Zealand: Reserve Bank of New Zealand
Nicaragua: Central Bank of Nicaragua
Niger: Central Bank of West African States (BCEAO)
Nigeria: Central Bank of Nigeria
Norway: Central Bank of Norway
Oman: Central Bank of Oman
Pakistan: State Bank of Pakistan
Papua New Guinea: Bank of Papua New Guinea
Paraguay: Central Bank of Paraguay
Peru: Central Reserve Bank of Peru
Philippines: Bangko Sentral ng Pilipinas
Poland: National Bank of Poland
Portugal: Bank of Portugal
Qatar: Qatar Central Bank
Romania: National Bank of Romania
Russia: Central Bank of Russia
Rwanda: National Bank of Rwanda
San Marino: Central Bank of the Republic of San Marino
Samoa: Central Bank of Samoa
Saudi Arabia: Saudi Arabian Monetary Agency
Senegal: Central Bank of West African States (BCEAO)
Serbia: National Bank of Serbia
Seychelles: Central Bank of Seychelles
Sierra Leone: Bank of Sierra Leone
Singapore: Monetary Authority of Singapore
Slovakia: National Bank of Slovakia
Slovenia: Bank of Slovenia
Solomon Islands: Central Bank of Solomon Islands
South Africa: South African Reserve Bank
Spain: Bank of Spain
Sri Lanka: Central Bank of Sri Lanka
Sudan: Bank of Sudan
Surinam: Central Bank of Suriname
Swaziland: The Central Bank of Swaziland
Sweden: Sveriges Riksbank
Switzerland: Swiss National Bank
Tajikistan: National Bank of Tajikistan
Tanzania: Bank of Tanzania
Thailand: Bank of Thailand
Togo: Central Bank of West African States (BCEAO)
Tonga: National Reserve Bank of Tonga
Trinidad and Tobago: Central Bank of Trinidad and Tobago
Tunisia: Central Bank of Tunisia
Turkey: Central Bank of the Republic of Turkey
Uganda: Bank of Uganda
Ukraine: National Bank of Ukraine
United Arab Emirates: Central Bank of United Arab Emirates
United Kingdom: Bank of England
United States: The Dirty Nasty Stinky Fed, Federal Reserve Bank of New York
Uruguay: Central Bank of Uruguay
Vanuatu: Reserve Bank of Vanuatu
Venezuela: Central Bank of Venezuela
Vietnam: The State Bank of Vietnam
Yemen: Central Bank of Yemen
Zambia: Bank of Zambia
Zimbabwe: Reserve Bank of Zimbabwe

There are now only 5 nations on the world left without a Rothschild controlled central bank:

Iran; North Korea; Sudan; Cuba; and Libya.

Read more here about the The History of the House of Rothschild:

http://www.lookingglassnews.org/viewcommentary.php?storyid=121



A good business to be in I'd say.