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What I learned after losing $300,000 trading forex

  • #1,121
  • Oct 10, 2020 11:18am Oct 10, 2020 11:18am
Quoting Degolep
{quote} Or maybe this is just you or you get a few bucks promoting him, trying to sell some coaching? Huh?
Exactly, his last post because he's going commercial. The video tells you you can't make money on forex because it only moves a few percent but with 100x margin you could make tons. Total BS. Stay away from penny stocks IMO too small a liquidity pool. Too easily manipulated by pros.
Enter Signature
  • #1,122
  • Oct 10, 2020 11:33am Oct 10, 2020 11:33am
Quoting Degolep
{quote} Or maybe this is just you or you get a few bucks promoting him, trying to sell some coaching? Huh?
Yes it seems he is promoting something. But anyway his approach is extremely powerful to avoid entries on flat and to avoid entries top and on bottom. So even if he trying to sell training courses here is it enough information here to try it yourself. For me personally those levels zones are now a part of my strategy and the win rate now is much higher. So all i want to say is thank you.

P.s. i don't believe in testing courses, since if you trade you just don't have time to teach.
Observer effect
  • #1,123
  • Oct 12, 2020 12:55am Oct 12, 2020 12:55am
Quoting CeeSo
Many of you have asked several times about who my mentor is and I have decided to share it in this thread and then I am leaving FF factory for good. I started the thread to help people and it turned out that it only distracted me and hurt my trading. So this is my final contribution to FF and I wish you all the very best of trades https://youtu.be/IRPEgt5tXbU
i am a bit confused.

your mentor says: "forget Forex!"

why are you then showing us a nice way how to see a forex market with a frequenzy distribution analysis?


then your "mentor" favours pennystock trading. oh my god, this is absolutely unserious territorium.


nethertheless, with your frequenzy distribution analysis on EU i already build some profitables systems for me, thx.
trading is like dancing, don't think and just listen to the music!
  • #1,124
  • Oct 12, 2020 1:31am Oct 12, 2020 1:31am
Quoting CeeSo
Many of you have asked several times about who my mentor is and I have decided to share it in this thread and then I am leaving FF factory for good. I started the thread to help people and it turned out that it only distracted me and hurt my trading. So this is my final contribution to FF and I wish you all the very best of trades https://youtu.be/IRPEgt5tXbU
hi ceeso
To be honest, I learned a lot from you and maybe beyond what you are trading with this system and I am trading, the 0.500 theory is the basis of chart equilibrium
I thank you with all my heart and I understand the people who were against you
I hope you are successful wherever you are
  • #1,125
  • Oct 12, 2020 8:15am Oct 12, 2020 8:15am
I have found one issue with multipair trading.

We have all that zone/levels now. They are very good. But there is some issue with lot size.
For example we are trading 1 lot size and for eurusd it is 1$/point. But for audcad 100p = 74$. it is -25% less. So if I want to have equal start I need to trade 1 lot for eurusd and 1.3 for audcad. Because if I set for example +300p TP and -100p SL for eursud it will be +300$/-100$, but for audcad it will be 222$/74$ only. I have found one pair where +1000$ is not enough to touch +300p, and on tests eurusd was successfully triggered several times but that pair never touched +300p and reverse. Since SL for it 3 times bigger it wiped all the profit made on other pairs.

So we need to deduct/multiply lot size accordingly.
Observer effect
  • #1,126
  • Oct 13, 2020 3:36am Oct 13, 2020 3:36am
Quoting ryuryu
I have found one issue with multipair trading. We have all that zone/levels now. They are very good. But there is some issue with lot size. For example we are trading 1 lot size and for eurusd it is 1$/point. But for audcad 100p = 74$. it is -25% less. So if I want to have equal start I need to trade 1 lot for eurusd and 1.3 for audcad. Because if I set for example +300p TP and -100p SL for eursud it will be +300$/-100$, but for audcad it will be 222$/74$ only. I have found one pair where +1000$ is not enough to touch +300p, and on tests eurusd...
That isn't a problem, thats basic math. Your account is in USD so EURUSD is 1$ per point (10$ a pip), GU, AU, NU, XAUUSD all 1$ per point. But if your account was in euros, the value per point of EURUSD would be 8.91 euros per pip (0.891 euros per point). Why would the value of AUDCAD be 1$ per point? AUDCAD would be 1 canadian dollar per point if your account was a CAD account, not USD account. If your account in GBP then the value of EURGBP would be 1 pound per point.

When you calculate risk it should already be taken into account. balance (x) % risk. Then divide that number by value per point, then divide your stop loss in points.

Account balance of $10,000

EURUSD: $10,000 x 2% risk = $200...$200/$1(point value)= $200....$200/300(points) = 0.67 lots. So opening a trade with 0.67 lots with a stop loss of 30 pips, your max loss is 200$, or 2%.

AUDCAD: $10,000 x 2% risk = $200...$200/$0.73(point value)= $273.97....$273.97/300(points) = 0.91 lots. So opening a trade with 0.91 lots with a stop loss of 30 pips, your max loss is 200$, or 2%.

There are many FREE risk calculators that do this for you automatically because the price per pip value does change. Currently for EURGBP it's $13.01, so $1.30 per point, but before it sky rocketed up to this value pre-brexit it use to be around $11.20 per pip, or $1.12 per point
The best strategy is a profitable one.
  • #1,127
  • Oct 13, 2020 6:02am Oct 13, 2020 6:02am
Yes exactly, Thanks! I just forgot about it while was creating ea. So with next update I'll create dynamic lot sizes.
Observer effect
  • #1,128
  • Oct 13, 2020 6:27am Oct 13, 2020 6:27am
Quoting Degolep
{quote} Or maybe this is just you or you get a few bucks promoting him, trying to sell some coaching? Huh?
Ceeso is steve
  • #1,129
  • Edited 3:10pm Oct 13, 2020 7:28am | Edited 3:10pm
Quoting CeeSo
Many of you have asked several times about who my mentor is and I have decided to share it in this thread and then I am leaving FF factory for good. I started the thread to help people and it turned out that it only distracted me and hurt my trading. So this is my final contribution to FF and I wish you all the very best of trades https://youtu.be/IRPEgt5tXbU
I watched his clip, he is totally misleading not honest. He says there are no honest brokers... we are not 10 years ago, there are honest brokers out there.
He mentions "small account"... 12k... lol, how about opening an account with $!00? no chance in equities, and what leverage does someone get in equities,
it is a joke. He is misleading his subscribers, sorry.
I have traded penny stocks and yes you can make money but common it is not that easy as he says. Yes fx is harder to trade than stocks, something he does
not even mention here, he just is trying to put down fx as if everyone is a newb.
Those who don't believe in magic will never find it
  • #1,130
  • Oct 13, 2020 9:51am Oct 13, 2020 9:51am
[quote = SunSaltwater; 13139138] {quote} CeeSo, không biết tại sao bạn tiếp tục đăng thông tin không chính xác. Không chắc đó là cố ý hay do tình cờ. Các con số thực tế có màu xanh lục bên dưới nằm trong khoảng từ 0,5 đến 5. Bạn tiếp tục bao gồm số tiền 0,75. 67 và 68% là chênh lệch LỚN giữa 85%. Một lần nữa, có thể có giá trị trong thông tin của bạn và chủ đề này. Nhưng con số 85% là rất sai lệch, nó ít hơn nhiều so với con số này bất kể khung thời gian được sử dụng. {image} [/ quote]
Which website do you get the above data? Can you share it with me? thank you very much!
  • #1,131
  • Oct 13, 2020 10:17am Oct 13, 2020 10:17am
Quoting cuongkem.aig
[quote = SunSaltwater; 13139138] {quote} CeeSo, không biết tại sao bạn tiếp tục đăng thông tin không chính xác. Không chắc đó là cố ý hay do tình cờ. Các con số thực tế có màu xanh lục bên dưới nằm trong khoảng từ 0,5 đến 5. Bạn tiếp tục bao gồm số tiền 0,75. 67 và 68% là chênh lệch LỚN giữa 85%. Một lần nữa, có thể có giá trị trong thông...
I would recommend you share a commercial link in a private message cause you can ruin this thread, it can end up very fast in the commercial section
Do not ruin it
Those who don't believe in magic will never find it
  • #1,132
  • Edited 11:20am Oct 13, 2020 11:01am | Edited 11:20am
Quoting CeeSo
Many of you have asked several times about who my mentor is and I have decided to share it in this thread and then I am leaving FF factory for good. I started the thread to help people and it turned out that it only distracted me and hurt my trading. So this is my final contribution to FF and I wish you all the very best of trades https://youtu.be/IRPEgt5tXbU
Thanks for starting the thread and providing some good information that has initiated some interesting ideas.

Overall, FF is mostly a distraction, whether folks realize it or not. So it is not surprising that you would choose to eliminate one more distraction from your trading journey.
To free Gazans of Hamas, use whatever it takes.
  • #1,133
  • Oct 13, 2020 11:22am Oct 13, 2020 11:22am
Quoting DrDave
{quote} Thanks for starting the thread and providing some good information that has initiated some interesting ideas. Overall, FF is mostly a distraction, whether folks realize it or not. So it is not surprising that you would choose to eliminate one more distractions from your trading journey.
u need to separate the wheat from the chaff...then ff is an inspiration.
trading is like dancing, don't think and just listen to the music!
  • #1,134
  • Oct 13, 2020 12:34pm Oct 13, 2020 12:34pm
Quoting birdland
{quote} u need to separate the wheat from the chaff...then ff is an inspiration.
But sadly, finding the wheat in the chaff is like finding a needle in a haystack.
To free Gazans of Hamas, use whatever it takes.
  • #1,135
  • Oct 13, 2020 12:55pm Oct 13, 2020 12:55pm
that's a lot money lost... hope you be fine at the end.
At Home Run Estates, I smash bugs.
  • #1,136
  • Edited 4:06pm Oct 13, 2020 3:43pm | Edited 4:06pm
Yeah, it is better to ask topic starter for proofs, then try to insult him, then blame for commersial, sharing ideas about market unpredictable and big players push the prices and so on and so on. But don't have time even to test the approach.
Observer effect
  • #1,137
  • Oct 14, 2020 12:18am Oct 14, 2020 12:18am
Quoting DrDave
{quote} But sadly, finding the wheat in the chaff is like finding a needle in a haystack.
yes, but thats with all valuable things in life.
trading is like dancing, don't think and just listen to the music!
  • #1,138
  • Oct 14, 2020 1:23am Oct 14, 2020 1:23am
Quoting CeeSo
Many of you have asked several times about who my mentor is and I have decided to share it in this thread and then I am leaving FF factory for good. I started the thread to help people and it turned out that it only distracted me and hurt my trading. So this is my final contribution to FF and I wish you all the very best of trades https://youtu.be/IRPEgt5tXbU
Hey man,

I'll be honest, I do think your teacher/mentor did run himself into the wall a bit. It might have started okay, then it quickly turned into the anti-broker, anti certain strategies because of broker fees, typical retail nonsense/excuse making. Then its staying away from FX, most likely because he himself wasn't profitable with it. Go with penny stocks because that is the courses hes selling mentor-ship for. Then it gets followed up with "it never moves", even though statistically speaking markets are ranging 60% of the time and trending the other 40% of the time. And often when majors are ranging it causes the minors/synthetic pairs to trend. He speaks too much in absolutes, so I think it's quite expected he's gotten that negative feedback on here. I find when I teach I use terms like "more often than not", not "never". Tell a student never and then when it does happen they don't know what to do and wipe.

Look, I find most people are on track in any form of investment trading. More often its details they're lacking, some can be found online, others need a mentor to just fine tune it and they become profitable. Hindsight is 20/20, people love to mark up the areas it worked, ignore the areas it didn't. So recognizing the trade live and distinguishing which ones are good sets up and which ones are a bit off, and doing that within their own system is what I find works best for people. Not the need for someone to teach you their system cause they'll be changes made to it regardless. Everyone personalizes it in some way. That's why its called a trading journey.

If he really is profitable though, and I'm not saying or promoting the fact that he is or isn't, but if people were interested, I'd say go with a group setting. Easier to pick and choose what parts fit into your own personal system, and how he replies to others questions might also help you. I could never do what he does with personal coaching. I stay far away from beginners and only lend a helping hand out to people I see are right on the edge but missing something within their own strat. So props to him for that.
The best strategy is a profitable one.
  • #1,139
  • Oct 14, 2020 10:39am Oct 14, 2020 10:39am
Quoting AnRan
{quote} Hey man, I'll be honest, I do think your teacher/mentor did run himself into the wall a bit.....
This is a massively click-baity thread title. It got a lot of attention for sure. Big money figures get big attention.

Random it is NOT. It is all correlated and I get it now. It's not easy and it requires focus and determination and grit and technique and skill and guts and honesty and psychology and some capital and experience. There's no shortcuts and even if I'm good now, I'm not teaching anyone anything because I'm a trader, not a teacher.
big money makes big moves and then hides during small money chasing.
  • #1,140
  • Oct 14, 2020 8:56pm Oct 14, 2020 8:56pm
Quoting corrman
{quote} This is a massively click-baity thread title. It got a lot of attention for sure. Big money figures get big attention. Random it is NOT. It is all correlated and I get it now. It's not easy and it requires focus and determination and grit and technique and skill and guts and honesty and psychology and some capital and experience. There's no shortcuts and even if I'm good now, I'm not teaching anyone anything because I'm a trader, not a teacher.
Yeah, I guess I was trying to give Ceeso the benefit of the doubt but its the perfect way to draw people in. I even edited my original post to make it less harsh. Hard to disagree with you once its pointed out though.
The best strategy is a profitable one.
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