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Forex Short Term Reality- High Reward

  • #61
  • Jun 14, 2011 2:49pm Jun 14, 2011 2:49pm
Keep it up, Robot. I've reviewed your trades and I find myself taking profits at 20pip each time because of your system. I like how you doubled your account by using that approach.
  • #62
  • Jun 14, 2011 2:57pm Jun 14, 2011 2:57pm
Quoting Amart83
Keep it up, Robot. I've reviewed your trades and I find myself taking profits at 20pip each time because of your system. I like how you doubled your account by using that approach.
Hey thats not fair you will need to give me some commission, I'm glad i've helped
  • #63
  • Jun 14, 2011 9:29pm Jun 14, 2011 9:29pm
statement
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 6 KB
  • #64
  • Jun 14, 2011 9:34pm Jun 14, 2011 9:34pm
gbpusd chart
Attached Image (click to enlarge)
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  • #65
  • Jun 16, 2011 2:21am Jun 16, 2011 2:21am
Quoting Robot
gbpusd chart
Ouch! This one seems hard and bitter, in the moment.
How do you plan to manage it?
Is there a precise place where you decide to take a loss?
Or do you simply wait for the reversal?

Thanks in advance for your help.

Bye

BL
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  • #66
  • Jun 16, 2011 3:30am Jun 16, 2011 3:30am
Still another thing Robot, if you don't mind.

Which criteria do you use for deciding your position sizing? In the beginning you have set 20 pips = 2% of balance, and this is clear.

Then you have increased the number of lots/profit target per trade up to 9-10%.

Is there some logic/rule or is it simply more confidence on the trades?

Bye

BL
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  • #67
  • Jun 16, 2011 1:18pm Jun 16, 2011 1:18pm
Quoting Robot
gbpusd chart
Just checked out the 4hr gbp/usd; sucks it didn't go in your favor. I see you're still keeping your position open, GL with breaking even or getting a discount on the loss.
  • #68
  • Jun 17, 2011 1:43pm Jun 17, 2011 1:43pm
Quoting opticnerve
I see you're starting to add other currencies other than GU.

Looking good keep it up.
Thanks bro
  • #69
  • Jun 17, 2011 1:45pm Jun 17, 2011 1:45pm
Quoting Amart83
Just checked out the 4hr gbp/usd; sucks it didn't go in your favor. I see you're still keeping your position open, GL with breaking even or getting a discount on the loss.
Thank you. It will go up or i will close it when its time to close with a loss.
  • #70
  • Jun 17, 2011 1:48pm Jun 17, 2011 1:48pm
Quoting betterlife
Still another thing Robot, if you don't mind.

Which criteria do you use for deciding your position sizing? In the beginning you have set 20 pips = 2% of balance, and this is clear.

Then you have increased the number of lots/profit target per trade up to 9-10%.

Is there some logic/rule or is it simply more confidence on the trades?

Bye

BL
Yes these are all based on the plans and current market volatility.
  • #71
  • Jun 17, 2011 1:52pm Jun 17, 2011 1:52pm
Okay you guys, one thing to mention, is that this demo account is on 1:200 leverage. my friends accounts that im managing are at 1:500, so if you notice on the $11,000 loss that was there in the history was due to not enough margin, I've already made it to $60,000 on real account on 1:500 leverage. because of not having enough margin, I simply can't trade multiple lots. therefore as you can see the trade is currently sitting there, but on other accounts, the accounts keep on grow day by day.
  • #72
  • Jun 19, 2011 11:22pm Jun 19, 2011 11:22pm
k guys here is the last statement for this account. I will stop for this account at 200%
Attached Image (click to enlarge)
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  • #73
  • Jun 19, 2011 11:34pm Jun 19, 2011 11:34pm
I hope you guys have learned something from this thread that forex trading is the biggest casino ever... Just kidding. it is just like any other business. I may continue this on another account, stay tuned.
  • #74
  • Jun 20, 2011 2:16pm Jun 20, 2011 2:16pm
Here is a real account statement, I will put this account in myfxbook shortly.
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Click to Enlarge Name: statement 2.jpg Size: 140 KB
  • #75
  • Jun 22, 2011 7:55pm Jun 22, 2011 7:55pm
of the other account
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 6 KB
  • #76
  • Jun 28, 2011 3:34am Jun 28, 2011 3:34am
you are my mito !!!
Compliments!!
PRICE IS EVRYTHING !!!
  • #77
  • Jun 30, 2011 9:45am Jun 30, 2011 9:45am
Quoting Nick35
you are my mito !!!
Compliments!!
PRICE IS EVRYTHING !!!
ty
  • #78
  • Jul 1, 2011 3:39am Jul 1, 2011 3:39am
Quoting Robot
ty
4 days 100 euro start now +370%
my personal goals is 10.000
than 5000 banking
and start to 50.000
I use stop loss every time.
Attached Image (click to enlarge)
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  • #79
  • Jul 1, 2011 10:52am Jul 1, 2011 10:52am
Quoting Nick35
4 days 100 euro start now +370%
my personal goals is 10.000
than 5000 banking
and start to 50.000
I use stop loss every time.
Keep it up bro!
  • #80
  • Jul 1, 2011 1:55pm Jul 1, 2011 1:55pm
Quoting Nick35
4 days 100 euro start now +370%
my personal goals is 10.000
than 5000 banking
and start to 50.000
I use stop loss every time.
Those last 19 trades you made have been great for your equity curve. Was it good timing or just experience and a better understanding of the markets?
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