How I Turned 1k To 100k In A Wk!!! | Page 18 | Forex Factory

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

  • #341
  • Dec 3, 2007 4:08pm Dec 3, 2007 4:08pm
Quoting fatheadbrenn
He was using the same name. Here's the skinny. go to the site, Niche forums, Trading journals, Learning to trade. It's all there from begining to end. Enjoy.
Thanks, I will go look
  • #342
  • Dec 3, 2007 4:18pm Dec 3, 2007 4:18pm
That was an interesting read of 5 pages. I see that Nick removed a link from a signature, but I did not see where anyone debunked his trades. Did I miss something?

As far as I know there has been no spam here. And those statements are still pretty good proof. Where as the thread at nick's forum offers (as far as I could read) none. The fact that Mysticgenie is no longer in the member list is in my opinion, because his ID has been banned. So it would be unlikely that he could continue the thread as Nick had suggested.

Is there anything else that offers something more concrete? thanks
  • #343
  • Dec 3, 2007 4:31pm Dec 3, 2007 4:31pm
Ok. I dont have anything invested in this just read the threads and make up your own mind. I will say this though, We all want to believe but if it sounds to good to be true......... And just wait for the sell. One other thing, all the trades he posted were at least one hour after the move ( I was watching) never did he call a trade before he entered. There were a few losers that got thrown in just to make it look good.
  • #344
  • Dec 3, 2007 4:34pm Dec 3, 2007 4:34pm
Quoting fatheadbrenn
Ok. I dont have anything invested in this just read the threads and make up your own mind. I will say this though, We all want to believe but if it sounds to good to be true......... And just wait for the sell. One other thing, all the trades he posted were at least one hour after the move ( I was watching) never did he call a trade before he entered. There were a few losers that got thrown in just to make it look good.
These are wise words indeed. Thanks for the info
  • #345
  • Dec 3, 2007 4:38pm Dec 3, 2007 4:38pm
Ok, lets move on. Lets remember our rule 1 to debate with civility... I removed the last post and hope we do not get anymore like that, thanks
  • #346
  • Dec 3, 2007 4:43pm Dec 3, 2007 4:43pm
Yeah I thought that last post was a little harsh! Just a heads up on my part.
  • #347
  • Dec 3, 2007 5:01pm Dec 3, 2007 5:01pm
Quoting fatheadbrenn
acedeno is absolutely correct. this is BS. This mysticgenie tried to pull this crap a couple of months ago in another forum. The so called system was not the same but after posting the results from fake trades he was called on his little scam and he quickly vanished. Up he pops with a slightly altered plan (but not the sense to change his name). If you don't believe me just ask yourselves why after all this time he hasn't actually revealed the nuts and bolts of his system, and of course pretty soon there's gonna be a sell.
I am really amazed at all these allegations from someone who is member to this site for less than a wk---One thing, to everyone, I started this thread in the hope of contributing freely something valuable in return what I learnt from the immense knowledge source of this forum---I have never forced upon my belief on anyone---if anyone has trouble believing what I write (yes, truth is stranger than fiction---), then please move on instead of maligning my reputation--- Now coming to the debate on Nick's so called site---I was invited by him to contribute to his site--so, I started to post in his site, which if you see were the same trades I was posting here in FF in my journal ( 'see 'Journal' section)---But, due to the time constraints, I decided to post a link which was just recording my trades on real time & which somehow violated the rules of the website & I was banned--i cannot post anymore)--- ---I trade for my financial freedom & I want you to do the same---I don't need your money to live my life in the form ofselling my signals or my system or open any paid trading course--- as you have seen, there is nothing special in my system---everything is freely available in this site---it's how efficiently you apply the knowledge, that matters most---
Last but not the least, my gratitude to the admin of this site for defending my freedom & reputation, even though we don't know personally each other---

Best,

GL/GT
P.S. If my thread is offensive to the site's philosophy, I will stop posting further---
  • #348
  • Dec 3, 2007 5:06pm Dec 3, 2007 5:06pm
LOL,, I don't find anything offensive to your thread. It is a fascinating read.

I hope you continue with it. Just my 2 cents.
  • #349
  • Dec 3, 2007 5:26pm Dec 3, 2007 5:26pm
if mystic starts to promote something,admin will ban him.But l didn't see anything in that way.Time is the key.Here is forex factory house of free forex school.In here we learn how to be a better trader.Let Mystıc to show his trading style.Maybe he can help us to improve our trading skills.Or he can give a good idea for my trading like steve auslanco imran......So time is the key.
  • #350
  • Dec 3, 2007 9:04pm Dec 3, 2007 9:04pm
I think nothing can be more fantastic than someone taking all the great ideas from different traders here and making a ton of money with it, which is what mysticgenie has shown us.

Forex is a market where immense amounts of money can be made or lost. It might not be your style but I certainly think anything is possible.

Plus mysticgenie did provided a pretty valid statement. there's no need to try so hard to refute his claims when you have nothing at stake.
  • #351
  • Dec 3, 2007 9:59pm Dec 3, 2007 9:59pm
  •  TrevA
  • | Joined Oct 2007 | Status: my brain has a mind of its own | 166 Posts
MysticGenie

You will have the doubters saying you are a fake which will cause people to question your claims. I for one really enjoy this thread and would like it to continue WITHOUT distraction by people questioning your credibility.

I know you're not obligated to prove anything but could you do us all a BIG favor? Could you get an official confirmation of your trading statement from FXCM? This will put pay to any further doubts and will do a lot for this thread.

Respectfully
TrevA
  • #352
  • Dec 3, 2007 10:00pm Dec 3, 2007 10:00pm
Hi Guys

A big thank you to Mystic for sharing his techniques here...still profitable....i am testing on ODL n IBFX..both will give different signals....try it then u know..my ODL is up about 22% and my IBFX is up 1.5%

Here it is...
Attached File(s)
File Type: xls ODL.xls   45 KB | 469 downloads
File Type: xls IBFX.xls   21 KB | 456 downloads
  • #353
  • Dec 3, 2007 10:16pm Dec 3, 2007 10:16pm
Quoting mysticgenie
I am really amazed at all these allegations from someone who is member to this site for less than a wk---One thing, to everyone, I started this thread in the hope of contributing freely something valuable in return what I learnt from the immense knowledge source of this forum---I have never forced upon my belief on anyone---if anyone has trouble believing what I write (yes, truth is stranger than fiction---), then please move on instead of maligning my reputation--- Now coming to the debate on Nick's so called site---I was invited by him to contribute to his site--so, I started to post in his site, which if you see were the same trades I was posting here in FF in my journal ( 'see 'Journal' section)---But, due to the time constraints, I decided to post a link which was just recording my trades on real time & which somehow violated the rules of the website & I was banned--i cannot post anymore)--- ---I trade for my financial freedom & I want you to do the same---I don't need your money to live my life in the form ofselling my signals or my system or open any paid trading course--- as you have seen, there is nothing special in my system---everything is freely available in this site---it's how efficiently you apply the knowledge, that matters most---
Last but not the least, my gratitude to the admin of this site for defending my freedom & reputation, even though we don't know personally each other---

Best,

GL/GT
P.S. If my thread is offensive to the site's philosophy, I will stop posting
further---
mysticgenie, i don't doubt your results. that is the wonderful and wacky world of forex for you. my question is, how does a doctor find the time to trade that much? i hope your patients aren't suffering as a result!!
keep on keepin on!
"i wake up in the morning, and i piss excellence"
  • #354
  • Dec 4, 2007 12:40am Dec 4, 2007 12:40am
Quoting mysticgenie
I am really amazed at all these allegations from someone who is member to this site for less than a wk---One thing, to everyone, I started this thread in the hope of contributing freely something valuable in return what I learnt from the immense knowledge source of this forum---I have never forced upon my belief on anyone---if anyone has trouble believing what I write (yes, truth is stranger than fiction---), then please move on instead of maligning my reputation--- Now coming to the debate on Nick's so called site---I was invited by him to contribute to his site--so, I started to post in his site, which if you see were the same trades I was posting here in FF in my journal ( 'see 'Journal' section)---But, due to the time constraints, I decided to post a link which was just recording my trades on real time & which somehow violated the rules of the website & I was banned--i cannot post anymore)--- ---I trade for my financial freedom & I want you to do the same---I don't need your money to live my life in the form ofselling my signals or my system or open any paid trading course--- as you have seen, there is nothing special in my system---everything is freely available in this site---it's how efficiently you apply the knowledge, that matters most---
Last but not the least, my gratitude to the admin of this site for defending my freedom & reputation, even though we don't know personally each other---

Best,

GL/GT
P.S. If my thread is offensive to the site's philosophy, I will stop posting further---
this is for anyone who has something bad to say keep it to yourself and don't clog up this thread your wasting my time i am interested in what mysticgenie has to say

I don't care if he says he can make a million dollars a day he does not need to prove it i am here to learn so let me learn i have my own style of trading that suits my personality and i could not copy any ones style or technique because i like everyone else is unique


Capiche

otherwise i will make you an offer you can not refuse
  • #355
  • Dec 4, 2007 6:46am Dec 4, 2007 6:46am
Hi Mysticgenie,

Wondering how to use those indicators for right entry and exit timing, any hint? Thxs!
  • #356
  • Dec 4, 2007 7:02am Dec 4, 2007 7:02am
Quoting edw123
Hi Mysticgenie,

Wondering how to use those indicators for right entry and exit timing, any hint? Thxs!

I suggest you might read the 22 pages of postings, then you will find your answers :-)

PP
  • #357
  • Dec 4, 2007 9:34am Dec 4, 2007 9:34am
Just two more pips of input here... While its not impossible to forge an account statement, its foolish to do it. As soon as you launch your sales pitch, the true nature of the returns will reveal themselves very quickly, so there will be no real money to be made by the seller.

I've deconstructed the trade statement and it appears to me to be real, that doesn't mean with 100% certainty it is, but the trades look real.

Having said that; I do believe this is a statistical run and there is probably less than a 1% chance it could ever be duplicated again on this level. The risk profile is too agressive and the Risk of Ruin (ROR) is 100%...

What made this model so profitable wasn't the model but it was the money management. That same MM will more likely than not, blow up the account of just about anyone else who tries this.

Asking Mystic Geenie how he trades is like asking someone how they won the lottery; they just had the right number at the right time - but winning is not the norm or the average and lets be honest; he HAS won the lottery, but odds are he won't win it on this level again... Odds are, very few people will win that Jackpot again. Most of us will have to settle for $2 winners here and there and be happy with it.

I'd bet most of you are sitting out there thinking, "Man if I could just earn x% of what he did in a week/month/quarter... I'd be happy". Reducing your target to something that is still above a realistic statistical expectation just means it will take you longer to destroy your account... so please be very careful with the inforamtion in this thread. Be realistic with it and keep it all in context. For thousands and thousands of traders there are no short cuts to high returns; in over five years of being around this market this is the first time I've ever seen anything like this, but I have met hundreds and hundreds of traders who are no longer around.

Just keep it all in perspective...
Trade Small. Be Patient. Learn to Survive.
  • #358
  • Dec 4, 2007 10:45am Dec 4, 2007 10:45am
Quoting mysticgenie
Hi Folks,
It may sound impossible, but I turned 1k usd to more than 100k usd (126k to be precise) in a wk---I am attaching the statement from my real account (after removing the account no. et al.)--Caution to newbies, please do not trade this way---I call my this account 'wild thing' which boosts my overall return---I trade another account conservatively as per proper MM---Btw, I did the almost the same thing last mth as well turning 400 usd to 60k within 2 wks---with some experience in forex trading & a decent trading system, I believe, this feat achievable atleast few time a yr---afterall, I am only risking 1k of my capital (rest is house money).
Next time, I'll discuss how I manage this kind of trading, although the statement is pretty much self explanatory---
GL/GT
when did you explain your system? and if you did where can I find it? Thank you. Compbiz
  • #359
  • Dec 4, 2007 10:52am Dec 4, 2007 10:52am
Quoting compbiz
when did you explain your system? and if you did where can I find it? Thank you. Compbiz
This is not a system thread. He has explained all that he wants to. This is a discussion thread. There is not requirement to make people understand how he did this. It is interesting, but very very risky. If you cannot pick up what he is doing from reading the thread, that is unfortunate for you.

Addendum,,, THIS IS NOT A NORMAL TRADING APPROACH. PROCEED WITH EXTREME CAUTION!

I hope that this helps everyone understand. Best of Luck and happy trading.
  • #360
  • Dec 4, 2007 11:42am Dec 4, 2007 11:42am
I think mysticgenie has made it very clear that the results he achieved were due to very aggressive money management in a small account, but that he uses the same strategy in his main account with good money management and decent returns.

I disagree that it has a 1% chance of success since he tried this aggressive run 3 times and got payoff twice. Also, Automan has had a good 21% return in the past week or so in a practice account and his money management appears to be pretty decent.

I personally haven't been able to trade much since this thread started, but the few trades I've taken based on mysticgenie's demark indicator have had mixed results and I'm slightly above break-even. However, I was using smaller timeframes that produce a lot of fakeouts so I will move up to a longer timeframe and see how I do there. He also uses James16 PA which I have just recently started to study.

Really, there is no system in this thread. We have a few indicators and some suggestions on how to use them, but the whole thing is very discretionary. I'd still like to hear more about how MG uses PA and Lag's to help with the trades - what timeframes are they best used on, maybe some charts posted (hint!).

I hope the detractors don't scare you away, mystic. Constructive criticism can provide a good starting point for refining a system out of the bundle of indicators you've given us, and I think that as more people pull profitable trades out of the market, the personal attacks will seem even sillier.
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