Rags to Riches in 10 or 20 Trades - Simplicity at its finest | Page 137 | Forex Factory

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Rags to Riches in 10 or 20 Trades - Simplicity at its finest

  • #2,721
  • Jul 31, 2019 7:42am Jul 31, 2019 7:42am
Quoting havo
Fuck europe/us brokers !! Open an account in australia, go for max leverage and you are set.. BTW it isnt hard, i made 100 to 2/3K runs easily in the past, no big deal if you know how to do it and have the right aproach
I'd love too, believe me. However, I live in the US, so I think I'm stuck.
  • #2,722
  • Edited 9:57am Jul 31, 2019 9:36am | Edited 9:57am
Quoting havo
Fuck europe/us brokers !! Open an account in australia, go for max leverage and you are set.. BTW it isnt hard, i made 100 to 2/3K runs easily in the past, no big deal if you know how to do it and have the right aproach
Didn't I read that Australian brokers like ICMarkets are restricting European account holders to 30:1 leverage?
You do need 500:1 leverage to play the R2R game
  • #2,723
  • Jul 31, 2019 6:41pm Jul 31, 2019 6:41pm
Quoting jgadefelth
{quote} What broker do u recomend more precise. And what is the right aproach, care to explain little more please ? Best regards
i have right now a few accounts with 2 australian brokers, max leverage (400 or 500 dont remember) BUT im not from europe/usa where do you get shafted hard..

right aproach? read the price only, wait for the unbalance and DROP THE HAMMER !! easy peasy, not hard at all.. in the end its all about patience to wait, thats it (and of course knowing what to look for) Like i said, ive made 100 to 2k/3k runs, sometimes faster than others but doable


the REAL problem its not at the beggining, you just max your leverage and thats it (almost), the problem start later when you can possibly get to the max lot size your broker allows you to use, and the progession can stall or slow down

not many are aware of this, because not many get to that point (or post in this forum honestly haha)
  • #2,724
  • Jul 31, 2019 10:08pm Jul 31, 2019 10:08pm
Quoting havo
{quote} i have right now a few accounts with 2 australian brokers, max leverage (400 or 500 dont remember) BUT im not from europe/usa where do you get shafted hard.. right aproach? read the price only, wait for the unbalance and DROP THE HAMMER !! easy peasy, not hard at all.. in the end its all about patience to wait, thats it (and of course knowing what to look for) Like i said, ive made 100 to 2k/3k runs, sometimes faster than others but doable the REAL problem its not at the beggining, you just max your leverage and thats it (almost), the problem...

I think IC dont limit you atleat thats what they say.

Please explain your price action aproash, it is a wide subject.

Best regards
  • #2,725
  • Aug 12, 2019 8:03am Aug 12, 2019 8:03am
Quoting jgadefelth
{quote} I think IC dont limit you atleat thats what they say. Please explain your price action aproash, it is a wide subject. Best regards
A Price ocurrence between high/low/close in certain block sizes (renko charts) easy, consistent, reliable.. no indicators.. hell, you could trade it with line charts too and just check the High/low for a 100% confirmation =)
  • #2,726
  • Aug 12, 2019 8:24am Aug 12, 2019 8:24am
Quoting havo
{quote} A Price ocurrence between high/low/close in certain block sizes (renko charts) easy, consistent, reliable.. no indicators.. hell, you could trade it with line charts too and just check the High/low for a 100% confirmation =)
Linechart instead of renko ? What is the high/low/close i dont get that ?

Best regards
  • #2,727
  • Aug 12, 2019 9:56am Aug 12, 2019 9:56am
Quoting jgadefelth
{quote} Linechart instead of renko ? What is the high/low/close i dont get that ? Best regards

You can use a line chart on any type of chart in existence its like using a 1sma on close; with renko it helps to visualize levels and corrections super easily, but still 90% of the time im on normal bricks renko
  • #2,728
  • Aug 12, 2019 10:10am Aug 12, 2019 10:10am
Quoting havo
{quote} You can use a line chart on any type of chart in existence its like using a 1sma on close; with renko it helps to visualize levels and corrections super easily, but still 90% of the time im on normal bricks renko
Where do i find noemal renko bricks

Best regards
  • #2,729
  • Aug 12, 2019 8:02pm Aug 12, 2019 8:02pm
Nice topic, a lot of out of the box thinking.
  • #2,730
  • Aug 14, 2019 10:31am Aug 14, 2019 10:31am
How you guys doing? I have just made 4 in a row TP20SL20 (at 500:1, 10-15% stop-out), we made 5 in a row... in a thread... out of 7 signals...
But it gets better.. should we took SL25... all 7 of them would go through.. that is at 400:1, 10-15% stop-out), which would mean multiplication factor of x40!
so 100USD->4k or 1k->40k USD!... Think about it! And this was live posted... the idea was to make a group effort or at least group statistics.. to evaluate what kind of trades could we pull out of this precision high-risk (burner) trades... But I seem to be the only one posting.. So can we get any synergies...? I can post here or you can post in my thread, I really do not care who gets the credit or anything... would just like to get group effort, if possible.. because n=12 would be GOLD... Because we would only need n=10 to (yes, 10 trades at TP20SL20) to get from 100USD to 100,000.00 USD (yes, hundred thousand dollars.. out of a hundred, multi factor of x1000)... https://www.wolframalpha.com/input/?i=100*1.9%5E11 Check the thread and all the info, live posts, reports, calculations... or type here the signal.. and I might join, later... https://www.forexfactory.com/showthr...5#post12441695 I am just about to post a brief summary of 6th signal and overall summary there...
Can you afford to take that chance?
  • #2,731
  • Nov 2, 2019 6:35am Nov 2, 2019 6:35am
Hi! I'am going to try this challenge, and i really hope that i could do this. I'am starting from 99$
This week i had two trades, GBP/USD buy signal and USD/CHF sell signal, for now my account is 463$.
This is my USD/CHF trade
Attached Image (click to enlarge)
Click to Enlarge Name: ?????? ?????.jpg Size: 95 KB
  • #2,732
  • Nov 3, 2019 7:28pm Nov 3, 2019 7:28pm
Quoting PandaTradeFx
Hi! I'am going to try this challenge, and i really hope that i could do this. I'am starting from 99$ This week i had two trades, GBP/USD buy signal and USD/CHF sell signal, for now my account is 463$. This is my USD/CHF trade {image}
I hope you make it please post along how things works out for you thank you

Best regards
  • #2,733
  • Nov 4, 2019 12:00pm Nov 4, 2019 12:00pm
Quoting jgadefelth
{quote} I hope you make it please post along how things works out for you thank you Best regards
Ok,no problem, if you interested in it, here is my GBP/USD trade, it was first trade from 99$ to 204$
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 1.jpg Size: 104 KB
  • #2,734
  • Nov 4, 2019 2:41pm Nov 4, 2019 2:41pm
You mean martingale right? Short cut to the workhouse...
  • #2,735
  • Nov 4, 2019 5:10pm Nov 4, 2019 5:10pm
Quoting HairyHarley
You mean martingale right? Short cut to the workhouse...
No, it's not about martingle, please read the first post of this thread. I risk 50% of my account to earn 100% or more, that's it.
In total, my risk is 99$ with big potential and mainly i trade daily timeframe.
If i will make 7 profitable trades, I will withdraw half of my funds, I will divide the other half of my funds into two parts and continue trading according this plan.
  • #2,736
  • Nov 5, 2019 3:13am Nov 5, 2019 3:13am
Quoting PandaTradeFx
{quote}If i will make 7 profitable trades, I will withdraw half of my funds, I will divide the other half of my funds into two parts and continue trading according this plan.
Hi, good job, but why 7?
Persistence will get it. Consistency will keep it.
  • #2,737
  • Nov 5, 2019 5:52am Nov 5, 2019 5:52am
It's like a reverse.Martingale. Double up when you win.
  • #2,738
  • Nov 5, 2019 5:58am Nov 5, 2019 5:58am
Quoting Chake
{quote} Hi, good job, but why 7?
Hi, thanks. Just to avoid emotional state of mind. To be honest, i've lost something like 13K$, and i lost them just because of my emotions.
7 profitable trades in a row is 12.8K$. And that is the main reason.
I'll do my best to reach this goal from first attempt, but it's market, and in reality it could take much more time than i think.
But don't think that it's a kind of revenge trading, i just follow my plan with little risk of 99$

Best regards
  • #2,739
  • Nov 5, 2019 10:37am Nov 5, 2019 10:37am
It's like a reverse.Martingale. Double up when you win.
  • #2,740
  • Nov 5, 2019 10:46am Nov 5, 2019 10:46am
Quoting Spikehunter
It's like a reverse.Martingale. Double up when you win.
Yes, it's a good example!=) But it depends on last winning trade, cause it's not always have a 1:2 risk reward ratio, sometimes it can be less or more.
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