How I Turned 1k To 100k In A Wk!!! | Page 10 | Forex Factory

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

  • #181
  • Nov 23, 2007 7:51pm Nov 23, 2007 7:51pm
So this thread dead or ?
  • #182
  • Nov 23, 2007 8:37pm Nov 23, 2007 8:37pm
Quoting mysticgenie
A hint to trade carry pairs---follow the equity market & see this wk's COT report---remember, we had a huge correction last 2 wks---so, a nice retracement during next few wks should not be the surprise (in other words, all bad news fully priced in, unless some new catastrophe shows up--like, collapse of any big financial institution rather than few write offs)---a pre-christmas rally of all global indices till 1st 2 wks of Dec may bring smiles to Japanese MOF, housewives, etc--- ofcourse, I may be wrong---but there is always a SL somewhere down there!!
GL/GT
always dangerous (but fun) trying to forecast what the market will do!

a good correction in the equity markets may well happen next week. most stocks are oversold, but i do not see a rally lasting past next wednesday; thursday and friday look like hard downs.

any run back to s&p 1550 and a triple-top (before a big crash lasting close to a year) should wait for another month and a half. today's rally was the funds' buy programs trying to get the s&p back above its weekly chart trendline in place since 2002. this was a predictable 1420 s&p bounce that should not last long. a solid break of that trendline will start the funds racing for the door. if citi breaks $30, its natural low, it will take the market with it.

this is a dangerous time for the equity markets. many people think there will be a year-end rally but this is a liquidation (bear) market just waiting for confirmation.

the funds are panicking and will liquidate to save their 1% or 2% gains on the year. foreign owners of equities will soon start selling for their year-end.

the gold, oil, and bond markets are all saying that there are big bankruptcies on the horizon, which would tip the boat over. if we see poor holiday sales, then that would be very bad as a recession would then get fully priced in.

of course the continuing weakness of the dollar also indicates a weak economy and portends a possible recession.

but who knows. maybe the cyclicals and the financials will claw their way back up and the market will follow.
realize the universe is one thing, and attach it to your body
  • #183
  • Nov 23, 2007 9:23pm Nov 23, 2007 9:23pm
funniest thread ever.
{Promotion Removed}
  • #184
  • Nov 23, 2007 9:29pm Nov 23, 2007 9:29pm
Quoting willcsk
hey,,,

happy late thanks giving guys...

I think this is more like early April Fools.........
Same Whore .... Different Dress
  • #185
  • Nov 24, 2007 2:28pm Nov 24, 2007 2:28pm
Quoting johnedoe
I think this is more like early April Fools.........
If you were refering to this thread then I understand laughing. But belated holiday wishes the day after, why not?
  • #186
  • Nov 24, 2007 4:16pm Nov 24, 2007 4:16pm
I hope to see you results in the next month’s King of the Mini contest from FXCM. As you know it's an automatic contest by FXCM and the results are published every month. Here is a link to the discussion board of this contest:

http://www.learncurrencytrading.com/...t=13893&page=5
  • #187
  • Nov 24, 2007 5:54pm Nov 24, 2007 5:54pm
So..in the end..how did you turn 1k into 100k???
Fuck Forex Factory
  • #188
  • Nov 24, 2007 6:30pm Nov 24, 2007 6:30pm
Quoting johnedoe
I think this is more like early April Fools.........
can't beleive they actually gave him 1kt status. LOL!
{Promotion Removed}
  • #189
  • Nov 24, 2007 8:50pm Nov 24, 2007 8:50pm
Quoting Mr. G.
I hope to see you results in the next month’s King of the Mini contest from FXCM. As you know it's an automatic contest by FXCM and the results are published every month. Here is a link to the discussion board of this contest:

http://www.learncurrencytrading.com/...t=13893&page=5

Unfortunately i won't be eligible for their contest as I withdraw my earnings before the end of the month & I also had one margin call before achieving this feat (both are disqualifiers from the contest---no matter, how much you make in the whole month)---but, it really doesn't matter to me as long as I get what I want from the market---I wish I got some relief from the taxes I have to pay this yr---lol,

GL/GT
  • #190
  • Nov 25, 2007 7:22pm Nov 25, 2007 7:22pm
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'm really suprised to see someone saying something good about FXCM after all the bad, bad reviews I've seen about them on various websites. I wish I could believe FXCM is an good broker because I really like how simple and easy their platform is for making trades - I feel it is the simplest I've seen among the brokers out there. But as I said, I've just have heard too many bad things about FXCM.

So, you've never had any problems with FXCM?


Topgun
"Success is not a fantasy, it's a formula." - MTI
  • #191
  • Nov 25, 2007 8:15pm Nov 25, 2007 8:15pm
Quoting mysticgenie
Unfortunately i won't be eligible for their contest as I withdraw my earnings before the end of the month & I also had one margin call before achieving this feat (both are disqualifiers from the contest---no matter, how much you make in the whole month)---but, it really doesn't matter to me as long as I get what I want from the market---I wish I got some relief from the taxes I have to pay this yr---lol,

GL/GT
yeah right.
If I Go Broke Trying Then I Will die happy.
  • #192
  • Nov 25, 2007 8:34pm Nov 25, 2007 8:34pm
Quoting Topgun_1
I'm really suprised to see someone saying something good about FXCM after all the bad, bad reviews I've seen about them on various websites. I wish I could believe FXCM is an good broker because I really like how simple and easy their platform is for making trades - I feel it is the simplest I've seen among the brokers out there. But as I said, I've just have heard too many bad things about FXCM.

So, you've never had any problems with FXCM?


Topgun
No Buddy---not so far---one of the reasons most likely due to my style of trading, i.e., I trade on longer TFs, hence my SLs very wide like, say, 150 pips or more---and if my SL gets hit, the trend is most likely reversing---the broker has nothing to do with it---FXCM is very good in managing account--- I never had any negative balance so far & they credit your withdrawals within 24 hrs in US [even this 100k also ]

GL/GT
  • #193
  • Nov 25, 2007 8:38pm Nov 25, 2007 8:38pm
Yeah well, why not make one percent each day, and bacome a wealthy person in five to ten years. What are you people afraid of? Cause you are not going to live that long?
Anyway, the fun part in this section of the forum is, that how many people actually asked for this trading method. It is fenomenal. If we all become millionaires overnight, than who is going to run the world out there?
Have fun and good luck guys. I am still a man with plans for the next decades.
Regards,
The greatest risk in life, is not taking one!
  • #194
  • Nov 25, 2007 8:44pm Nov 25, 2007 8:44pm
Just to keep this thread interesting, I'll occ post my trades here also to better explain my method (well---not exactly mine---I just synthesized from other great contributors in FF), if time permits---Sunday night is always a lazy one for me

I entered this long trade Aud/JPY @ 94.37 closed @ 95.90 (+153 pips)
I am attaching the chart---

GL/GT
Attached Image (click to enlarge)
Click to Enlarge Name: aj60.gif Size: 21 KB
  • #195
  • Nov 26, 2007 12:05am Nov 26, 2007 12:05am
i got the same trade. thanks dude
  • #196
  • Nov 26, 2007 12:16am Nov 26, 2007 12:16am
Hey Mystic,

I was wondering if, when you enter a trade, you

 

  1. predetermine the stopout (in pips) for the trade
  2. open as many lots as possible that will still give you enough free margin to absorb (1)'s stopout
  3. A margin call automatically occurs when 1 stops out

To me, this would be the riskiest/rewardiest way to trade..... that you load your trade with as many contracts as it can handle, while still accounting for a reasonable SL.

Quoting mysticgenie
Unfortunately i won't be eligible for their contest as I withdraw my earnings before the end of the month & I also had one margin call before achieving this feat (both are disqualifiers from the contest---no matter, how much you make in the whole month)---but, it really doesn't matter to me as long as I get what I want from the market---I wish I got some relief from the taxes I have to pay this yr---lol,

GL/GT
  • #197
  • Nov 26, 2007 12:24am Nov 26, 2007 12:24am
M-Genie,

I absolutely hate to admit it, but I can't stop looking at this thread.
Ever since last weekend, It's been like a 4-car pile-up, you can't help
but look at it. I'm sick in the head. See what you've done. :-)

Anyway, I want ask you a question. I wish to be completely honest
and tell you I do not understand the Laguerre indicator, or even how
to use it effectively. You seem to have it on your charts frequently.
It must be helpful to you and I'd assume you probably understand it.

How does it actually work ?

P.S. if you don't hurry up and lose that money soon, your gonna owe alot of taxes bro.
  • #198
  • Nov 26, 2007 2:07am Nov 26, 2007 2:07am
Quoting tdion
Hey Mystic,

I was wondering if, when you enter a trade, you

 

  1. predetermine the stopout (in pips) for the trade
  2. open as many lots as possible that will still give you enough free margin to absorb (1)'s stopout
  3. A margin call automatically occurs when 1 stops out

To me, this would be the riskiest/rewardiest way to trade..... that you load your trade with as many contracts as it can handle, while still accounting for a reasonable SL.

More or less correct---then I set aside the profit once I reach the mthly goal---
  • #199
  • Nov 26, 2007 2:09am Nov 26, 2007 2:09am
Quoting toshi
M-Genie,

I absolutely hate to admit it, but I can't stop looking at this thread.
Ever since last weekend, It's been like a 4-car pile-up, you can't help
but look at it. I'm sick in the head. See what you've done. :-)

Anyway, I want ask you a question. I wish to be completely honest
and tell you I do not understand the Laguerre indicator, or even how
to use it effectively. You seem to have it on your charts frequently.
It must be helpful to you and I'd assume you probably understand it.

How does it actually work ?

P.S. if you don't hurry up and lose that money soon, your gonna owe alot of taxes bro.

Laguerre is an indicator to find out overbought & oversold regions---Like any oscillator, it works only when combined w/ other factors already mentioned in previous posts---
I know bro, the tax part, I'll leave it to my lawyer

GL/GT
  • #200
  • Nov 26, 2007 3:16am Nov 26, 2007 3:16am
Quoting mysticgenie
Laguerre is an indicator to find out overbought & oversold regions---Like any oscillator, it works only when combined w/ other factors already mentioned in previous posts---
I know bro, the tax part, I'll leave it to my lawyer

GL/GT
Hello Mystic, I noticed you use MT4. But I donot see Laguerre in my MT4 indictor poll. did you make it cust?
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