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

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  • Post #2,721
  • Quote
  • Jul 31, 2019 8:42am Jul 31, 2019 8:42am
  •  Nate04
  • | Joined Jul 2010 | Status: Prince of All Profits | 787 Posts
Quoting havo
Disliked
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
Ignored
I'd love too, believe me. However, I live in the US, so I think I'm stuck.
 
 
  • Post #2,722
  • Quote
  • Edited 10:57am Jul 31, 2019 10:36am | Edited 10:57am
  •  alt11
  • | Joined Nov 2013 | Status: Member | 94 Posts
Quoting havo
Disliked
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
Ignored
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
 
 
  • Post #2,723
  • Quote
  • Jul 31, 2019 7:41pm Jul 31, 2019 7:41pm
  •  havo
  • Joined Jan 2016 | Status: Member | 537 Posts
Quoting jgadefelth
Disliked
{quote} What broker do u recomend more precise. And what is the right aproach, care to explain little more please ? Best regards
Ignored
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)
 
3
  • Post #2,724
  • Quote
  • Jul 31, 2019 11:08pm Jul 31, 2019 11:08pm
  •  jgadefelth
  • | Joined Jan 2008 | Status: Trillion Dollar Man | 1,495 Posts
Quoting havo
Disliked
{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...
Ignored

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

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

Best regards
 
 
  • Post #2,725
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  • Aug 12, 2019 9:03am Aug 12, 2019 9:03am
  •  havo
  • Joined Jan 2016 | Status: Member | 537 Posts
Quoting jgadefelth
Disliked
{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
Ignored
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 =)
 
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  • Post #2,726
  • Quote
  • Aug 12, 2019 9:24am Aug 12, 2019 9:24am
  •  jgadefelth
  • | Joined Jan 2008 | Status: Trillion Dollar Man | 1,495 Posts
Quoting havo
Disliked
{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 =)
Ignored
Linechart instead of renko ? What is the high/low/close i dont get that ?

Best regards
 
 
  • Post #2,727
  • Quote
  • Aug 12, 2019 10:56am Aug 12, 2019 10:56am
  •  havo
  • Joined Jan 2016 | Status: Member | 537 Posts
Quoting jgadefelth
Disliked
{quote} Linechart instead of renko ? What is the high/low/close i dont get that ? Best regards
Ignored

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
 
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  • Post #2,728
  • Quote
  • Aug 12, 2019 11:10am Aug 12, 2019 11:10am
  •  jgadefelth
  • | Joined Jan 2008 | Status: Trillion Dollar Man | 1,495 Posts
Quoting havo
Disliked
{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
Ignored
Where do i find noemal renko bricks

Best regards
 
 
  • Post #2,729
  • Quote
  • Aug 12, 2019 9:02pm Aug 12, 2019 9:02pm
  •  Sam32
  • | Joined Aug 2019 | Status: Member | 29 Posts
Nice topic, a lot of out of the box thinking.
 
 
  • Post #2,730
  • Quote
  • Aug 14, 2019 11:31am Aug 14, 2019 11:31am
  •  auricforecas
  • Joined Sep 2017 | Status: Still a total mystery | 3,575 Posts
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?
 
 
  • Post #2,731
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  • Nov 2, 2019 7:35am Nov 2, 2019 7:35am
  •  PandaTradeFx
  • Joined Nov 2019 | Status: No name | 178 Posts
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
 
 
  • Post #2,732
  • Quote
  • Nov 3, 2019 8:28pm Nov 3, 2019 8:28pm
  •  jgadefelth
  • | Joined Jan 2008 | Status: Trillion Dollar Man | 1,495 Posts
Quoting PandaTradeFx
Disliked
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}
Ignored
I hope you make it please post along how things works out for you thank you

Best regards
 
 
  • Post #2,733
  • Quote
  • Nov 4, 2019 1:00pm Nov 4, 2019 1:00pm
  •  PandaTradeFx
  • Joined Nov 2019 | Status: No name | 178 Posts
Quoting jgadefelth
Disliked
{quote} I hope you make it please post along how things works out for you thank you Best regards
Ignored
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
 
 
  • Post #2,734
  • Quote
  • Nov 4, 2019 3:41pm Nov 4, 2019 3:41pm
  •  HairyHarley
  • | Joined Mar 2019 | Status: Member | 91 Posts
You mean martingale right? Short cut to the workhouse...
 
 
  • Post #2,735
  • Quote
  • Nov 4, 2019 6:10pm Nov 4, 2019 6:10pm
  •  PandaTradeFx
  • Joined Nov 2019 | Status: No name | 178 Posts
Quoting HairyHarley
Disliked
You mean martingale right? Short cut to the workhouse...
Ignored
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.
 
1
  • Post #2,736
  • Quote
  • Nov 5, 2019 4:13am Nov 5, 2019 4:13am
  •  Chake
  • Joined Nov 2007 | Status: Long time member | 765 Posts
Quoting PandaTradeFx
Disliked
{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.
Ignored
Hi, good job, but why 7?
Persistence will get it. Consistency will keep it.
 
 
  • Post #2,737
  • Quote
  • Nov 5, 2019 6:52am Nov 5, 2019 6:52am
  •  Spikehunter
  • Joined Mar 2006 | Status: Member | 693 Posts
It's like a reverse.Martingale. Double up when you win.
 
 
  • Post #2,738
  • Quote
  • Nov 5, 2019 6:58am Nov 5, 2019 6:58am
  •  PandaTradeFx
  • Joined Nov 2019 | Status: No name | 178 Posts
Quoting Chake
Disliked
{quote} Hi, good job, but why 7?
Ignored
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
 
1
  • Post #2,739
  • Quote
  • Nov 5, 2019 11:37am Nov 5, 2019 11:37am
  •  Spikehunter
  • Joined Mar 2006 | Status: Member | 693 Posts
It's like a reverse.Martingale. Double up when you win.
 
 
  • Post #2,740
  • Quote
  • Nov 5, 2019 11:46am Nov 5, 2019 11:46am
  •  PandaTradeFx
  • Joined Nov 2019 | Status: No name | 178 Posts
Quoting Spikehunter
Disliked
It's like a reverse.Martingale. Double up when you win.
Ignored
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.
 
1
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