Community
Blog
Fraqtal's Blog

Fraqtal's Blog

Avatar

Trading is the hardest thing you will ever try

Fraqtal Posted 6 June  in #Trader's blog
Many people are drawn to the idea that trading is a nice way to make a lot of money. In reality nothing could be further from the truth.
In a lot of jobs you can get by, even if you make mistakes, unless you are a doctor, in which case someone will end up dead. In trading its not like that, you are either right or wrong, it is black and white, no grays allowed!
Many people start trading using indicator, yet we never hear story's of traders that made loads of money using indicator, I have been ar…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

GBPUSD Reversal

Fraqtal Posted 10 Mar.  in #Trader's blog
10th March 2015
Sterling made a low against the dollar on the 6th March which agreed with the 40 day cycle and also the 20 day cycle, I was waiting for the low to be retested and rejected, as is the case with double bottoms. Today sterling briefly retested this low and was rejected, this means that there is a good chance we will see a rally to about the 14-15 March in sterling and a retest of the previous highs around 1.55 area.
My bias is long GBPUSD until the end of the week.
We might get a pl…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

What it takes to win the contest part 2

Fraqtal Posted 4 Feb.  in #Trader's blog
Having taken one trade yesterday and made 200K I decided to short the EURJPY, NZDJPY and AUDJPY. My reason for this was the fact that they are in ad own trend. Or they certainly were, I use 1 indicator on my hour chart to determine the trend and that is the 200 MA, I still think from this they are under my 200 MA and hence I would only look for sell trades.
The problem starts when the trend is about to change and thats what I think may have happened, I sold to early and set too small stops, henc…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

What it takes to win the contest

Fraqtal Posted 3 Feb.  in #Trader's blog
Having taken part in the Great Dukascopy contest for more years than I care to imagine, I can see that much accepted trading wisdom is wrong. As a trader we are taught or we have read books that talk about risk and only risking 1%. Yet today I made a trade that doubled my account something that I never ever did in the trading contest before. If I was wrong I stood to blow the complete account so would you do this trade in real life?
The simple answer is no, because 1 trade will wipe you out comp…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

How to win the trading contest Part One

Fraqtal Updated 3 July  in #Trader's blog
To win the contest you need some luck, the ability to spot a trend and you are going to have to buy or sell a market that is moving either up or down and hope that you are running in a trend, otherwise if you try to hold a move it simply will not run.
Many traders enter the contest and do really well only to fail sadly at the end and lose all their account even if they have made double or treble the previous week, so lets look at why this is.
Many traders start trading using the maximum trading …
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

How to cut loosing trades fast

Fraqtal Posted 12 June  in #Trader's blog
One of the main reasons for making a profit in trading is too get out of loosing positions quickly. Most traders hang on to long to loss trades and cut profits short.
Below is a trade I took on the GBPUSD, my thinking was as follows:
The GBPUSD has been in a 5 year range since Jan 2009, so I must assume that this range will continue until it breaks to one side or the other.
This is what it looked like:
http://screencast.com/t/AKQSwSP517VN
Now, in order for me to go short I have to have a down we…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

FIGHTING THE SYSTEM

Fraqtal Posted 11 June  in #Trader's blog
FACT DO NOT TRUST THE INFORMATION OUT THERE!
Most traders lose because of two things, knowledge and indicators.
In spite of what we have been told and may have read indicators are definately not the answer to trading, MACD, Stocastics are all useless and its been shown to me in a test conducted on another website to actually lose you money.
There are some indicators that are better than others, these are SAR and moving average cross over system...but and its a big but, you have to set them up co…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

GBPJPY TRADE 12th Jan 2014

Fraqtal Posted 15 Jan.  in #Trader's blog
As I mentioned in the previous post on this pair I bought on the formation of a harmonic move at 170.20, I kept pushing my stop up in order to reduce the chances of a stop out if the market only made a weak move up, which I guessed would be of the order of about 60-70%.
I also mentioned that as we are in a srong uptrend on this pair a failure to set a new high would not be a sign of trength and could signify a further correction to the down side, my thoughts are that if this is the case a push t…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

GBPJPY Trade

Fraqtal Posted 14 Jan.  in #Trader's blog #Trading In The Trend
GBPJPY Trade 14th Jan 2014
The GBPJPY has been going up it is quite easy to see that on a day chart as well as a H4 chart. For this reason, it is important to look for opportunities to buy a market that is moving up as the trend is really the only edge you have as a trader.
I saw the formation of a simple zig zag pattern, also called an abc pattern on the H4 chart that suggested a precise area to buy into the trend, please see the link below:
[url=http://screencast.com/t/0VKa9keCT]http://screencast.com/t/0VKa9keCT…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

How To Turn $10,000 into a $1,000,000

Fraqtal Posted 8 Jan.  in #Trader's blog
No doubt you are thinking this is just another hype foranother system or indicator that does not work. Well, this time you are wrong.
Trading your way to a million dollars may sound like a far fetched idea but it
is more than possible. What you will need is a $10,000 trading account, a plan anda strategy that makes money over timewhen implimented correctly. Now, what I am going to tell you is not rocket
science, but many traders fail to realise that consistancy is the path to
riches.…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

2 Comments
alincik avatar
alincik 9 Jan.

Nice strategy

grandpost avatar
grandpost 9 Jan.

Why are you doing this to yourself? Do you still not believe its a scam? Despair should not = insanity....insanity is trying something over and over and expecting a different outcome

orto leave comments
More