{quote} trrue although i see this guy (hudithepfupf) may have some points about fx snake oil sellers. i think he only read last pages of this thread, and didn't notice deltaone has >10 000 live trades. i think if we count, there are no more than 5 members who do this. they can say demo or not but that fact cant be ignored.
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If you warehousing risk by averaging positions, combined with a leveraged account and a huge capital base you can paint a picture of being a successful trader. If you are lucky and have some reasonable money management, this can work for a long time. There are a lot of examples here on FF. Your success rate is high and you are able to bring your positions in positive territory most of the time. To get a feeling about is, I tried it myself on Demo Accounts and best case I achieved 400% in 2 weeks. However, this will never be sustainable and you pay your "success" with an unlimited tail risk that will destroy your account.
This is one of the main profit drivers for shady FX brokers.... so to sell this trading method will increase their profit.
Retail traders are looking for evidence that confirms their dreams and bias.... so most overlook that few fat tail trades change the whole picture. Delatone had some haevy losing trades too.... if he only hides one or two of them.... he is seen as a very successful trader by the retail crowd.
I can't analyse all his trades in detail, but if you would I guess you likely find what I describe here.
{quote} Would a sane person post a screen shot of his 121 million account on FF if it's real? Not so long ago the account was at 30-40 million.... he reports daily gains and losses of xx millions. So the risk he is taking is so outragous it's actually funny.... somebody who seems to believe that bold lies are the best ones. I see high end (demo) gambling with warehousing of risk..... that even if would be real, will end in a desaster. His content only makes sense if he is fishing.... an you know for what species. So I don't buy it.... looks a lot...
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...quite interesting to hear that countless Germans are fake traders - fake news seems to be an habit by US press, fake trading one of the german trading comunity. Any more stereotypes?
Moved my SL up to 150 points, got tagged. Feels like the market is running out of steam as ranges are narrowing. Would expect a few down days soon, looking for bigger opportunities on larger timeframes afterwards.
{quote} ...quite interesting to hear that countless Germans are fake traders - fake news seems to be an habit by US press, fake trading one of the german trading comunity. Any more stereotypes?
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Who cares if his account is as big as he claims? He is passing info in real time without any strings attached, its up to you what you do with it. Its not that he is betting with anyone's farm, mortgage or kids. Either way its the internet and one would do well to take everything on it with a grain of salt.
Moved my SL up to 150 points, got tagged. Feels like the market is running out of steam as ranges are narrowing. Would expect a few down days soon, looking for bigger opportunities on larger timeframes afterwards. Basically waiting for more blood in the streets..
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Good job catching the move up early on. Should have waited to pull the trigger after the data, didn't really expect it to go that high.
Almost blew up a $50k demo yesterday, but managed to recoup some loses with a short trade overnight.
This game makes you feel like the riches are withing your grip, but somehow you can never get there. lol. Hard to resist the greed, stay focused and disciplined.
Time for shorts, methinks. I usually hate shorting DOW, but his time, seems, I have to switch into selling mode. Took the loss overnight with longs and opened sells this morning at 24250. I put my SL above last high and am looking to test lows at 23 200. Not the ideal R:R almost at 2:1 but, oh well. I expect next week to end in red but as always with markets - you never know.
Will watch closely because it's been attempting to set new highs and has broken down, could easily go either way imo but market is always skewed to the upside so I will follow the momentum. Low risk position, still waiting for a reasonable dip for better entries.
It's pushing up again... long 24.483 Will watch closely because it's been attempting to set new highs and has broken down, could easily go either way imo but market is always skewed to the upside so I will follow the momentum. Low risk position, still waiting for a reasonable dip for better entries.
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I think that push was as far as it could go. Us - china relations are getting tenser by the day. Hong kong is down by some 4-5. Anti china stuff will be a recurring theme till november.
I wrote in my post and took it out... you can see momentum often change at 2:30pm UK time (that's officially when the market opens and orders filter through).
Edit: SL to BE on short, closed the long - think it was 70+ points loss.
Carpe diem: Intraday tactics for Dax and Dow
