How I Turned 1k To 100k In A Wk!!! | Page 8 | Forex Factory

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How I Turned 1k To 100k In A Wk!!!

  • #141
  • Nov 21, 2007 4:01am Nov 21, 2007 4:01am
Quoting Leonlorenzo
If you have 60-70% winning trades and larger wins than losses, people should surely be aiming for way more than 30% a year (way way way way more)
Hehe
Yes i agree. If you have a system that give 70% winning trades and have bigger winners than loosers you should be able to make all the money you want.
I will be very happy if you share that system if you ever find it
  • #142
  • Nov 21, 2007 4:08am Nov 21, 2007 4:08am
Quoting mysticgenie
I only use FXCM---so far, I found them very good---fast execution & no sudden widening of spreads & they are also very fast in crediting your withdrawals---on the whole, hasslefree trading to me---
I already explained my method & I attached once screenshot as well few posts ago---I use same laguerre setting on longer TFs (i.e., 0.85, 0.15), only for further confirmation along other indicators as said before---
one more screenshot attached of today's trade (G/J Sell @ 226.67 closed @ 225.31---+ 136)
GL/GT

Mysticgenie,
Did you draw those trendlines?
  • #143
  • Nov 21, 2007 4:14am Nov 21, 2007 4:14am
Quoting sarama001
Mysticgenie,
Did you draw those trendlines?
No-- The indicator does that for me--
GL/GT
  • #144
  • Nov 21, 2007 6:35am Nov 21, 2007 6:35am
can you repost the candletime indicator plz.
  • #145
  • Nov 21, 2007 6:44am Nov 21, 2007 6:44am
hi
thanksfor the indicators and your insights.
Possible to post a TEMP file for your indicators? thank you.
  • #146
  • Nov 21, 2007 7:09am Nov 21, 2007 7:09am
Great posts by everyone, i wanted to ask is there any manual or directions on how to use these indicators and what they mean and how to read them when plotted on the chart?
  • #147
  • Nov 21, 2007 10:08am Nov 21, 2007 10:08am
Quoting Razorman
is there any manual or directions on how to use these indicators and what they mean and how to read them when plotted on the chart?

i think that would take about ten years of trading experience/education. mystic is a doctor, which means he has no time to sleep, let alone give trading seminars (although many doctors get tired of the managed care paperwork and become traders).

information on all the indicators can be easily found online.

the best information on the laguerre is in imransait's thread (smaller timeframes) here:

http://www.forexfactory.com/showthread.php?t=48926

and james16 price action (bigger timeframes) here:

http://www.forexfactory.com/showthread.php?t=2331

other than the intuition to coordinate timeframes, plus money management and practice - you won't need much else.
realize the universe is one thing, and attach it to your body
  • #148
  • Nov 22, 2007 6:53am Nov 22, 2007 6:53am
Hi mysticgenie,

What is your trading time (given by profession you must be hectic) and what timeframe do you use to place your trades ?

Thanks.
  • #149
  • Nov 22, 2007 7:42am Nov 22, 2007 7:42am
Mysticgenie,
It's clear your trades have a positive expectancy. There is understandably a lot of interest in your trading method. However, I am more interested in your position sizing, which is where the real lesson of this thread lies. I would be interested to know whether your position sizes were above or below the optimum given by the Kelly criterion.
  • #150
  • Nov 22, 2007 1:00pm Nov 22, 2007 1:00pm
Sorry friendz---I'm travelling this weekend----hence, I won't be able to reply in timely manner---Thanks Buddhi for answering some of the boarders' queries---as for the other questions, please read thru the whole thread--- you will find the answers---
on Rogers' query, I only take on longer TFs 1H & above---
On Euclid's query, good question---although I don't follow the equation closely---I start increasing my position size from 10% of my capital onwards as my winning percentage increases along with my confidence ultimately capping at 30% of the floating capital.
Happy Thanksgiving,

GL/GT
  • #151
  • Nov 22, 2007 4:07pm Nov 22, 2007 4:07pm
My sincerest gratitude to the admin for granting me the 1 KT status---I hope my contributions are helping my fellow traders positively---
Happy Holidays!
  • #152
  • Nov 22, 2007 4:14pm Nov 22, 2007 4:14pm
Definitely possible,I turned 500 euro to 30000 in one week with 100 leverage.
Boyy,trap money,like bear hunters.
  • #153
  • Nov 22, 2007 4:30pm Nov 22, 2007 4:30pm
Quoting Merc
Definitely possible,I turned 500 euro to 30000 in one week with 100 leverage.
Nice...With what pair?
Work smart not hard
  • #154
  • Nov 22, 2007 5:50pm Nov 22, 2007 5:50pm
gbp/jpy
Boyy,trap money,like bear hunters.
  • #155
  • Nov 22, 2007 6:00pm Nov 22, 2007 6:00pm
Quoting Merc
gbp/jpy
I am now in GBP/JPY
I sell on 233.50 and wait for 221.00 to take profit...
Huge laverage!
I will get broke or get rich ..Will see.
Work smart not hard
  • #156
  • Nov 22, 2007 6:18pm Nov 22, 2007 6:18pm
I'm short too with target of 219,should go all the way to there,
let's get some money!
Boyy,trap money,like bear hunters.
  • #157
  • Nov 22, 2007 6:24pm Nov 22, 2007 6:24pm
Quoting Merc
I'm short too with target of 219,should go all the way to there,
let's get some money!
Why not i dont see bulls here anymore...maybe i am wrong but lets gamble a bit.
I am afraid to go all the way to 219.00!
Again i am afraid if this goes to 227.00 before..Thats my end of the game!
Work smart not hard
  • #158
  • Nov 22, 2007 6:25pm Nov 22, 2007 6:25pm
Quoting mysticgenie
My sincerest gratitude to the admin for granting me the 1 KT status---I hope my contributions are helping my fellow traders positively---
Happy Holidays!
Wow... I just lost all respect for the "1kt" status.
  • #159
  • Nov 22, 2007 6:32pm Nov 22, 2007 6:32pm
Quoting Norman1
100k is not some magical number where a retail broker decides to put you on manual execution...I have a reasonably large account with FXCM and have honestly never had any trading problems (only admin)...I noticed absolutely no difference in trading $100k than $1k account size...

listen guys, brokers put you on manual so you can't trade the news, or if you constantly scalp and/or trade news (successfully, i might add). they also put you on manual if they are a relatively small shop and have a dealing desk. their dealing desk is there to make them money, plain and simple. anything that affects their bottom line will be frowned upon. big shops like fxcm don't care about scalpers, they make too much money, and the odds are in their favor. actually, i think they even encourage scalping on their website. doesn't mean your not gonna get repriced, though.
"i wake up in the morning, and i piss excellence"
  • #160
  • Nov 22, 2007 6:36pm Nov 22, 2007 6:36pm
Quoting sony
Why not i dont see bulls here anymore...maybe i am wrong but lets gamble a bit.
I am afraid to go all the way to 219.00!
Again i am afraid if this goes to 227.00 before..Thats my end of the game!
Why would you want to put yourself through that? This is just an honest question, as I am not here to bash on anyone or anything of that nature. My question is this; Why wouldn't you want to learn about the market and take the time to use the right money management strategies to be able to create a consistent living for yourself through the foreign exchange market? There is an incredible opportunity waiting for everyone who wants to take the time and learn it. Instead, I think, you are trying to beat the odds right now. It may work for a little while, but in the end will, most likely, only bring hardship to you.
I dream, therefore I become.
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