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Part of my trading system for inspiration

  • #1
  • First Post: Edited Oct 25, 2024 5:04am Oct 24, 2024 1:56pm | Edited Oct 25, 2024 5:04am
Hi guys,
I decided to share part of my trading system as inspiration for others.
I have traded forex markets for more than 16 years, since 2008.
Im IT expert and love math. What I found is that i like shorter trading series, when my goal is to make 5-20x of deposit, here are my Basic rules:
1) deposit small amount of money. (200$ as I was beginner, now 10k$)
2) at begining risk small, because I risk my own deposit.
3) once I make several good trades I start to risk more, because profit is not for me my money.
4) if it goes well I scale very Fast, but dont risk more, than in čase of stop loss im Back on my deposit.
5) Once I finish my goal, I withdraw all money and take some rest.

Example:
1)
Inserted Video


2)
Inserted Video

Here is short example of one of my trading series with very small deposit, but shows my point of view.
In next weeks I will upload more videos like that from different trading series.
My blog: forex-scalping.com | Exponencial money management is the key!
  • #2
  • Oct 24, 2024 3:16pm Oct 24, 2024 3:16pm
Journal
  • #3
  • Oct 24, 2024 5:01pm Oct 24, 2024 5:01pm
Genius.
  • #4
  • Oct 24, 2024 5:26pm Oct 24, 2024 5:26pm
Video really wasn't that much help, do you only trade on phone or can you share any charts here, maybe MT4?

I see you trade Gold, I try to do a similar thing as well, the chart below is an ideal trading day, but damn, it's hard to hold on, even with 0.01 lots.

Any further tips appreciated, thanks.

Attached Image (click to enlarge)
Click to Enlarge Name: 2024-10-25_8-19-13.jpg Size: 552 KB
It takes a lot for me to IGNORE you, but you can try.
  • #5
  • Oct 24, 2024 8:25pm Oct 24, 2024 8:25pm
Thanks for you thread. Have not spent much time responding to threads for some time now. I too have trade for quite some time. Spent some time looking through the video. Had trouble finding a loss. I salute you, and I do not mean that in a negative way! Would like to know the signal model. George
  • #6
  • Edited 9:05pm Oct 24, 2024 8:54pm | Edited 9:05pm
That is how I build my large account.

Every profitable week, I raised my position size for the next week. As an example, I trade Dow Index Futures, I started with 1 Mini Contract per each 25K and after profitable week, I then upped 5 Micro Contracts. I traded week forward with combo 1 Contract Mini + 5 Contracts Micro, altogether 1.5 Mini Contracts.

Reverse, subtracting 5 Micro Contracts, if it was a Loosing week. Not really baby steps as trading with Mini Contracts, but that what worked for me. I have been trading like this for 4 years. Happy with my decision to work it this way.

Beginner trader can up 1 Micro contract if it was a profitable week.

P.S. @Action Scalpr, I stayed in Karlovy Vary for a week drinking the most healthiest thermal mineral water. I also visited Prague 5 times, love the city, love the Clock and love the U Fleků brewery..
  • #7
  • Oct 25, 2024 4:02am Oct 25, 2024 4:02am
Quoting Erebus
Video really wasn't that much help, do you only trade on phone or can you share any charts here, maybe MT4? I see you trade Gold, I try to do a similar thing as well, the chart below is an ideal trading day, but damn, it's hard to hold on, even with 0.01 lots. Any further tips appreciated, thanks. {image}
Hi,
yes i trade only on my phone.
im at the begining, this is my second video about some of my trading series, so you are welcome to give me feedback, what would you like to see?

May be it could be helpfull, once i would share live some of my trading sesion.

I think that in that video is most important to see my risk management, as you can see, at the begining i trade only
very small positions like 0.01 lots, after some time once i have some profit from that i will start to increase risk and trade bigger positions.
I found that this works for me, because once i have good trading series im out in several days/weeks with nice profit on other hand if it goes against me
i still trade small positions.

Plus half of the success in forex trading is psychology, i have stress when i loose my own money (deposit), but im totally fine to loose profit, because it is not my money until i withdraw it.
My blog: forex-scalping.com | Exponencial money management is the key!
  • #8
  • Oct 25, 2024 5:10am Oct 25, 2024 5:10am
Quoting Ryder
Thanks for you thread. Have not spent much time responding to threads for some time now. I too have trade for quite some time. Spent some time looking through the video. Had trouble finding a loss. I salute you, and I do not mean that in a negative way! Would like to know the signal model. George
Thank you.
Most of the time i trade based on my understading of charts.
1) I draw support and resistances.
2) Check major trend in D1 and M15 charta.
3) Check news.
4) Check dayli volatility in instrument.
5) Prepare some range, where im happy to buy or sell.
6) And mainly scalp volatility around these key levels.
7) In video, you can see, that some of my trades/scalps I have open only for minute/minutes.
8) And most of the time I use stop loss.
9) My TP:SL ratio is most of the time 2-3:1.
10) Profit trades I have around 95%.
My blog: forex-scalping.com | Exponencial money management is the key!
  • #9
  • Oct 25, 2024 6:07am Oct 25, 2024 6:07am
Quoting ActionScalpr
{quote} Thank you. Most of the time i trade based on my understading of charts. 1) I draw support and resistances. 2) Check major trend in D1 and M15 charta. 3) Check news. 4) Check dayli volatility in instrument. 5) Prepare some range, where im happy to buy or sell. 6) And mainly scalp volatility around these key levels. 7) In video, you can see, that some of my trades/scalps I have open only for minute/minutes. 8) And most of the time I use stop loss. 9) My TP:SL ratio is most of the time 2-3:1. 10) Profit trades I have around 95%.

We want to see an 3xample of zone you trade
  • #10
  • Oct 25, 2024 8:26am Oct 25, 2024 8:26am
Quoting BDfx77
{quote} We want to see an 3xample of zone you trade
Ok, i understand.
Today i dont trade.
I will start my next trading series next week on 31st.
But i prepared for you short video, where you can see where is optimal zone for buy XagUSD.
(Most of the time im long on Silver, thats one of my basic trade)
My blog: forex-scalping.com | Exponencial money management is the key!
  • #11
  • Oct 25, 2024 9:11am Oct 25, 2024 9:11am
Quoting BDfx77
{quote} We want to see an 3xample of zone you trade
Here is Quick example:

Inserted Video


I dont use any complicated indicators. Just high and lows + moving averages. Plus my own ideas, which I analyze from D1 and M15. My favorité pair is xagusd, silver.
My blog: forex-scalping.com | Exponencial money management is the key!
  • #12
  • Oct 25, 2024 9:40am Oct 25, 2024 9:40am
Quoting ActionScalpr
{quote} Here is Quick example: https://youtu.be/fmnFrTfZKgg?si=_5zb_wuwGwZOpVMW I dont use any complicated indicators. Just high and lows + moving averages. Plus my own ideas, which I analyze from D1 and M15. My favorité pair is xagusd, silver.

You are such an inspiration for us.
  • #13
  • Oct 25, 2024 9:56am Oct 25, 2024 9:56am
Quoting ActionScalpr
{quote} Here is Quick example: https://youtu.be/fmnFrTfZKgg?si=_5zb_wuwGwZOpVMW I dont use any complicated indicators. Just high and lows + moving averages. Plus my own ideas, which I analyze from D1 and M15. My favorité pair is xagusd, silver.

as your strategy very precise and you stay on trade very short time, thats mean this video isnt enough to describe your strategy, if you happy to share a lot of us get benifits from it
  • #14
  • Oct 25, 2024 10:20am Oct 25, 2024 10:20am
Quoting BDfx77
{quote} as your strategy very precise and you stay on trade very short time, thats mean this video isnt enough to describe your strategy, if you happy to share a lot of us get benifits from it
Ok no problém,
Once I will have more time I will prepare.
I have more trading series to share.
Maybe it would be better to share it with some comments in taht video.
If you have any idea how to improve that formát, let me know.
As you can see I do all of my analysis from mobile phone, its time effective and I have it all the time with me.
I use Samsung S22 Ultra with S pen.

Plus next week I can prepare some live stream from my live trades, it could be usefull as well.
My blog: forex-scalping.com | Exponencial money management is the key!
  • #15
  • Oct 25, 2024 3:48pm Oct 25, 2024 3:48pm
Quoting BDfx77
{quote} as your strategy very precise and you stay on trade very short time, thats mean this video isnt enough to describe your strategy, if you happy to share a lot of us get benifits from it
Hi,
i got idea to create video right now.
I didnt have it in my plan, so i created quick demo account, but you can see how i trade at random time.
And its not good time for trading, its at the end of friday session with almost no volatilty and higher spread.
Inserted Video


Next week i will start on 31st my next trading live session, so I will create another video then.
My blog: forex-scalping.com | Exponencial money management is the key!
  • #16
  • Oct 26, 2024 6:46am Oct 26, 2024 6:46am
Quoting ActionScalpr
{quote} Hi, i got idea to create video right now. I didnt have it in my plan, so i created quick demo account, but you can see how i trade at random time. And its not good time for trading, its at the end of friday session with almost no volatilty and higher spread. https://youtu.be/X18ojtSgFKo?si=kfM4w0ITxxW6zqqO Next week i will start on 31st my next trading live session, so I will create another video then.

whats the best sessions you trade? if trade doesn’t go positive for like 20/30pips what yoi do, as i have seen no stop loss
  • #17
  • Oct 26, 2024 7:31am Oct 26, 2024 7:31am
Quoting BDfx77
{quote} whats the best sessions you trade? if trade doesn’t go positive for like 20/30pips what yoi do, as i have seen no stop loss
Most of the time I use stop loss as you can see in that video example.

Best time for me is tuesday, wednesday and thursday during London and NYC session.

I prepared example of trading during weekend btcusd and ethusd on demo.
Inserted Video


On 31st I will share some shots from realtrading.
My blog: forex-scalping.com | Exponencial money management is the key!
  • #18
  • Oct 26, 2024 10:19pm Oct 26, 2024 10:19pm
Quoting ActionScalpr
{quote} Most of the time I use stop loss as you can see in that video example. Best time for me is tuesday, wednesday and thursday during London and NYC session. I prepared example of trading during weekend btcusd and ethusd on demo. https://youtu.be/_kD-FUWGJr8 On 31st I will share some shots from realtrading.
without knowing entry rules, this video as like a random video. Video really wasn't that much help.
  • #19
  • Oct 27, 2024 6:24am Oct 27, 2024 6:24am
Quoting BDfx77
{quote} without knowing entry rules, this video as like a random video. Video really wasn't that much help.
Yes, I understand, but there are 2 problems:
In my personal point of view from 16 years of fx trading i didnt find any combination in technical analysis itself. Technical analysis is good guide where to Entry, setup stop loss etc. But I cannot trade only based on that without own fundamental analysis.

As I mentioned, im IT expert, several years ago i create custom program in MT4, in which i tester combinations of combinations of setup of 3 most common used indicators - from my point of view Fibonacci retracement, Moving Averages and RSI, some of the combinations worked Fine in 1-2 years period, but none of that in 10 years.

Thats why i decided to share some of my trading series, to show other traders, that it is possible to make nice profits, but it is not so easy. Everytime i need to know whats going on market and train my brain in searching for good trades. Plus half of the success is good money management, thats why i found that linear money management dont work for me.
My blog: forex-scalping.com | Exponencial money management is the key!
  • #20
  • Oct 27, 2024 9:16am Oct 27, 2024 9:16am
Quoting ActionScalpr
{quote} Yes, I understand, but there are 2 problems: In my personal point of view from 16 years of fx trading i didnt find any combination in technical analysis itself. Technical analysis is good guide where to Entry, setup stop loss etc. But I cannot trade only based on that without own fundamental analysis. As I mentioned, im IT expert, several years ago i create custom program in MT4, in which i tester combinations of combinations of setup of 3 most common used indicators - from my point of view Fibonacci retracement, Moving Averages and RSI,...
U got the point...
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