back in 2008/2009 when i was a fresh noob in forex i met a guy complaining about a broker on some forum.
the broker didn't want to let him withdraw his profit. we realized why after he showed us his account statement.
he turned $100 into slightly over 100k in 9 days !
as you may guess everyone in the forum couldn't believe their eyes, we literally begged him to show us his holy grail but he never did.
but after some stalking, i found out that the guy open multiple small accounts with many broker at once, and trade like a madman
he used compounding, something like that http://www.forexfactory.com/showthread.php?t=444377.
he get between 25% and 100% roi in each trade.
he doesn't care about blowing up his accounts because he only need one successful one to cover the losses by a large margin.
i kept working for days trying to reverse engineer his system, i found that all his entry points were based on S/R, and that he had very little to no DD.
i tried to emulate his strategy and end up blowing half of my account, like i said i was a newbie back then.
i'm pretty sure that S/R are part of the solution, but not alone.
the broker didn't want to let him withdraw his profit. we realized why after he showed us his account statement.
he turned $100 into slightly over 100k in 9 days !
as you may guess everyone in the forum couldn't believe their eyes, we literally begged him to show us his holy grail but he never did.
but after some stalking, i found out that the guy open multiple small accounts with many broker at once, and trade like a madman
he used compounding, something like that http://www.forexfactory.com/showthread.php?t=444377.
he get between 25% and 100% roi in each trade.
he doesn't care about blowing up his accounts because he only need one successful one to cover the losses by a large margin.
i kept working for days trying to reverse engineer his system, i found that all his entry points were based on S/R, and that he had very little to no DD.
i tried to emulate his strategy and end up blowing half of my account, like i said i was a newbie back then.
i'm pretty sure that S/R are part of the solution, but not alone.
i lose money for a living