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Attachments: Gutenberg money printing machine.. 100 to 1.000 to 10.000 to 100.000?
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Gutenberg money printing machine.. 100 to 1.000 to 10.000 to 100.000?

  • Post #1
  • Quote
  • First Post: Oct 2, 2011 7:24am Oct 2, 2011 7:24am
  •  tsimic6
  • | Joined Feb 2006 | Status: Member | 34 Posts
Little story about me and my best friend mr.forex!

I'm 34 year old guy from Cro, living (trying to) in 4 member household.
I have, what would people in my country say a steady, nice full time job with more than country average pay check and other benefits. But still in last few years I'm covering my household costs with difficulties. Especially due to credit debt that is issued in my local currency, but correlated to CHF. We all know what happened to CHF in last few years, and imagine what happened with my debt (40% up).
So how this happened to me, even when I was studying forex markets for the last 7-8 years. Why didn't I changed my correlated to EUR from CHF, when it started to strengthen?
Because I didn't seen what was obvious, because I didn't pay attention, because , because ,....
O.K. now I must earn that differnce. How? With the same method how I lost. Trading currencies.



During this past 7-8 years I was looking for a perfect system, reading everything I could get about forex, and when I thought O.K. I',m ready to fund my broker account and start, a problem occur. Our central bank didn't allow citizens to invest in forex markets by their own, but through local brokers. That didn't suit me, so I was thinking wheter to open off shore company to start, but eventually drop out this idea, and abandon learning and improving my skills with trading forex. However I was always here and there to read something from forums about fx, mainly from FF.



Then from 2010., our central bank allowed us to trade forex market. After that I start to folow markets more often, I was trading demos, reading, following, implementing, developing, ....

Even my old opened account was still active, not funded, but active.
I spent thousands of hours in last 7-8 years study forex, but never traded it live.... I even develop and test few systems of my own, with limited success though. But all this was a part of understanding, what is really happening bellow surface (chart). I scalped with as low as 15 sec time frames, then I developed skills for intraday trades (15 min, 1 hour), then I realized that due to my day job I should develop skills for bigger time frame trades (4 h, day). I did that, I did that very well indeed. So well that I impressed few much experienced traders and investors.
I started my demo account at the end of 2010. with only 100 $, and traded 0,1$ per pip at the beginning. I grew my account till the beginning of September 2011, for amazing 10x. Wooow 10x, what if I invested 100 k, or 1 mil...



Excellent, I think all that time spent focusing on forex should pay me of finally. Let's see. The general idea is to turn only 100$ (as in demo) to ........ let's see....... My starting balance is low, so I would risk a little more, at the start to build my account faster, later on my plan is to decrease it to a acceptable level, but not too much. I could always fund my account again, if I lost.



Will this change my future, or it will be shot in nothing. The adventure begins.


Try – miss – try – miss –try – miss ..... try – success (let's reduce that ''miss'' thing)
Attached File
File Type: pdf Gutenberg money printing.pdf   48 KB | 866 downloads
Gutenberg money printing machine
  • Post #2
  • Quote
  • Oct 2, 2011 7:45am Oct 2, 2011 7:45am
  •  tsimic6
  • | Joined Feb 2006 | Status: Member | 34 Posts
At beginning of a day, if signal occur, I will post a trade signal regarding my trading system, and which results can be seen in pdf on post 1#. At the same time old trades should be closed, hopefully with profit, however some trades may span out for 20 days. In average 3-5 days.
Leverage: 100/1
lot value (beginning): 0,1$
deposit/balance: 100,00$

Cheers


Gutenberg money printing machine
 
 
  • Post #3
  • Quote
  • Edited at 6:20pm Oct 2, 2011 6:10pm | Edited at 6:20pm
  •  tsimic6
  • | Joined Feb 2006 | Status: Member | 34 Posts
As per to the rules there is the first signal
- SELL EUR/USD at 1.3339; hard SL 1.3589; hard TP 1.2839

I forgot, we will only trade EUR/USD for now, because it is the most
profitable pair so far linked to my trading system. I didn't analyze other pairs to the bone yet as E/U, so I will skip giving signals on other pairs.

Cheers
Attached Image (click to enlarge)
Click to Enlarge

Name: trade 01_03.10.2011.jpg
Size: 39 KB
Gutenberg money printing machine
 
 
  • Post #4
  • Quote
  • Oct 2, 2011 6:13pm Oct 2, 2011 6:13pm
  •  tsimic6
  • | Joined Feb 2006 | Status: Member | 34 Posts
Because I'm on CET, signals will be released at 01:00 AM CET.

Cheers
Gutenberg money printing machine
 
 
  • Post #5
  • Quote
  • Oct 4, 2011 7:12pm Oct 4, 2011 7:12pm
  •  tsimic6
  • | Joined Feb 2006 | Status: Member | 34 Posts
First trade closed at BE - 1.3335 (+4)

New signal:
BUY E/U at 1.3326

Cheers
Gutenberg money printing machine
 
 
  • Post #6
  • Quote
  • Oct 4, 2011 8:52pm Oct 4, 2011 8:52pm
  •  Spacetec
  • | Joined Apr 2011 | Status: Member | 156 Posts
may I ask what is your method or strategy or you just posting your trades
 
 
  • Post #7
  • Quote
  • Oct 8, 2011 8:05am Oct 8, 2011 8:05am
  •  tsimic6
  • | Joined Feb 2006 | Status: Member | 34 Posts
Quoting Spacetec
Disliked
may I ask what is your method or strategy or you just posting your trades
Ignored

For the time being, I will just post my trades. If I'm successful, then we will debate about my trading strategy. I will only say that my system is so simple that I only have to use one indicator to trade. It is so simple that I'm looking at my charts for a whole 5 minutes per day.

By the way I'm still on a trade that has been opened on Oct 4, 2011, bought at 1.3326

Cheers
Gutenberg money printing machine
 
 
  • Post #8
  • Quote
  • Oct 11, 2011 1:23am Oct 11, 2011 1:23am
  •  tsimic6
  • | Joined Feb 2006 | Status: Member | 34 Posts
I'm still holding my trade that has been opened on Oct 4, 2011, bought at 1.3326.
Currently +315 pips, waiting for change of signal or my hard TP at +500 to be hit.

Cheers
Gutenberg money printing machine
 
 
  • Post #9
  • Quote
  • Oct 12, 2011 3:03pm Oct 12, 2011 3:03pm
  •  tsimic6
  • | Joined Feb 2006 | Status: Member | 34 Posts
What a trade, my hard TP was hit today with +500 pips (50$).
My account is now +50%. Waiting for a sell signal.

Simplicity and patience is the key....

Cheers
Attached Image (click to enlarge)
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Name: trade 02_ 05-12.10.2011.jpg
Size: 124 KB
Attached File
File Type: pdf DetailedStatement_12.10.2011.htm.pdf   18 KB | 514 downloads
Gutenberg money printing machine
 
 
  • Post #10
  • Quote
  • Oct 15, 2011 1:47pm Oct 15, 2011 1:47pm
  •  tsimic6
  • | Joined Feb 2006 | Status: Member | 34 Posts
Are we expecting progress in Europe as a result of g20 meeting? Eur is up, maybe I should have stayed with my trade a bit longer.
Nevertheless I'm trusting my system, and trade as per the rules with clear mind, emotionless, patient and above all, not complicating my wining position with influence of the high speakers from G20.
My goal is clear, turn my 100$ to 1.000$ as a first step of my financial independence , as soon as possible. Then we will start to look at 5 digit numbers account balance, an so on...

Cheers
Gutenberg money printing machine
 
 
  • Post #11
  • Quote
  • Edited Oct 18, 2011 4:48am Oct 17, 2011 9:25pm | Edited Oct 18, 2011 4:48am
  •  tsimic6
  • | Joined Feb 2006 | Status: Member | 34 Posts
Sold at 1.3775,
let's see where this trade would bring us

Cheers
Gutenberg money printing machine
 
 
  • Post #12
  • Quote
  • Oct 20, 2011 2:05pm Oct 20, 2011 2:05pm
  •  tsimic6
  • | Joined Feb 2006 | Status: Member | 34 Posts
I was messing with my MT4 and accidentally set TP at 1.3732, which
closed my trade with +43 pips. This wasn't what i was looking for, so I reentered my sell position at 1.3711.
Now I have a gap of 20 pips, between closing a trade, and reopening a new one.
This is a small price for a piece of carelessness.

Cheers
Attached Image (click to enlarge)
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Name: trade 3_ 18-20.10.2011.jpg
Size: 127 KB
Gutenberg money printing machine
 
 
  • Post #13
  • Quote
  • Oct 22, 2011 2:37pm Oct 22, 2011 2:37pm
  •  tsimic6
  • | Joined Feb 2006 | Status: Member | 34 Posts
And there it is, my first loss. It had to happen once. If i didn't accidentally close my trade at 3711, this loss would be just a few pips.
I must not fall a sleep when signal's are changing, that's all..

I'm currently + 97 with my last buy open trade at 3798.

Cheers
Attached Image (click to enlarge)
Click to Enlarge

Name: trade 4_ 20-21.10.2011.jpg
Size: 132 KB
Attached File
File Type: pdf DetailedStatement_22.10.2011.htm.pdf   21 KB | 393 downloads
Gutenberg money printing machine
 
 
  • Post #14
  • Quote
  • Nov 8, 2011 2:56pm Nov 8, 2011 2:56pm
  •  tsimic6
  • | Joined Feb 2006 | Status: Member | 34 Posts
I'm still on a trade from 21.10.2011.
bought at 1.3798.

Long one........

Cheers
Gutenberg money printing machine
 
 
  • Post #15
  • Quote
  • Dec 16, 2018 11:57am Dec 16, 2018 11:57am
  •  furgz1129
  • | Joined Jan 2018 | Status: Member | 62 Posts
what is the system /strategy?
 
 
  • Post #16
  • Quote
  • Last Post: May 21, 2019 1:55am May 21, 2019 1:55am
  •  Hutch
  • Joined Apr 2010 | Status: Lazy trader on D1 charts | 5,906 Posts
Quoting furgz1129
Disliked
what is the system /strategy?
Ignored
The strategy followed Gutenberg to the grave
 
1
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