How I Turned 1k To 100k In A Wk!!! | Page 23 | Forex Factory

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

  • #441
  • Dec 11, 2007 4:31pm Dec 11, 2007 4:31pm
just checking in
Plan, Prepare, Execute, Repeat
  • #442
  • Dec 12, 2007 2:59am Dec 12, 2007 2:59am
Skyhr,

Thank you; that was one of the BEST posts I have read regarding trading.

Everyone,

I'm not sure if this happened or not. A bogus set of results could be created rather quickly created, but I'm not one to call someone a liar without proof and can see how it worked out

What I can say is that I know that it IS possible. This is why I say it is possible.
From Sept 4 - Oct 10, 2007 I increased an account by 395% on the EURUSD and it would have been over 500% if I had stopped trading a few days earlier.

Was it outside of my normal MM? yes!
Could the account have been blown out? yes!
Would I trade it now? NO!
Why? Because the daily range has changed and the EA was based on a small daily range reversial for weeks/months at a time.
Was I trading? NO, I was gambling!
Why was I gambling? For fun. I knew it could blow my account and at that point I didn't care. I had already played the "make money, lose money" game and was tired of it.

I was never maxed out on lots, so I could have been in further, but I do recall having about 25% risked at one point in time.

Bear
Good pips to all ... bye
  • #443
  • Dec 12, 2007 3:10am Dec 12, 2007 3:10am
Quoting dr_zeus
The Lag indicator is a good trend indicator - it can give you an idea of the strength of the trade. How are you using the Demark lines? Support/Resistance? Are you only trading when the indicator signals a breakout?
The direction of the Keltner channels point the trend out and I'm using it in conjunction with the fozzy method ......
{spam removed}
  • #444
  • Dec 12, 2007 3:41am Dec 12, 2007 3:41am
Quoting mysticgenie
Sorry Friendz,
Could not post due to health reasons--- anyway, see below last wk's (12/04/07) COT analysis:

xxx/Cad: bullish bias
xxx/Chf: bearish bias
gbp/usd: bearish bias
xxx/jpy: bearish bias
eur/usd: bearish bias
nzd/usd: bearish bias
aud/usd: bearish bias


GL/GT
I think the xxx/CHF's should be bullish according to the COT report?

Check out: http://www.pfxglobal.com/index.php?o...439&Itemid=193
{spam removed}
  • #445
  • Dec 12, 2007 4:01am Dec 12, 2007 4:01am
Quoting Yours Truly
Thanks for this thread, the Demark lines are amazing! I dont even use the Laguerre indicator and am doing fine.
I glad you are benfitting from that YT, so I would appreciate some guidance as to how you are using the DeMark Lines.

I will admit I haven't read all the information about them, but watching them on a 5 min chart I find the output somewhat confusing. I understand about the different rules for different set of qualifiers, but how does the indicator reflect that.

I often see a TL broken and a little arrow appear, and then several bars later the arrow is replaced with a cross. I assume that this means the BO didn't qualify, but how do you trade that. Do you wait for a few bars to see if the signal is valid, or open when you get an arrow but close the position if is subsequently doesn't qualify.

I think that adding these to my trading would be beneficial so I appreciate any guidance.

Many thanks,

G-Man
  • #446
  • Dec 12, 2007 5:16am Dec 12, 2007 5:16am
The statement posted is belong to me and not Mystic. Please do not confused yourself ok.

DZ,

The NZDUSD big float loss was because i moved the SL. originally suppose to be 7684 which means should havev exited with a loss of 74 pips per position. so the rule is stick to your original SL and don't move the SL too many times.

I am still happy how it performed.
  • #447
  • Dec 12, 2007 12:35pm Dec 12, 2007 12:35pm
For those who are having trouble determining whether to trade a breakout of a Demark Trendline or a bounce, this thread: http://www.forexfactory.com/showthread.php?t=27552 has a fair explanation of Tom Demark's qualifiers for trading the trendline. I am not an experienced Demark trader, so maybe someone can comment on the four qualifiers and how they can be used in conjunction with Keltner Bands and Lag lines.
  • #448
  • Dec 12, 2007 11:28pm Dec 12, 2007 11:28pm
Hey Automan,

Looking good with your testing. Glad you keep posting your progress.

Kayoubi
  • #449
  • Dec 13, 2007 1:14am Dec 13, 2007 1:14am
Quoting mysticgenie
The market is moving as suggested by the COT Report---Friends, hopefully, are making some good pips with the help of this system----
GL/GT
Mysticgenie, as you said, COT is biased sort for GJ for this week. Right now GJ weekly candle for this week is bullish. SO GJ has to fall today and tomorrow. Am I right or wrong? or the market don't always follow COT bias?
  • #450
  • Dec 13, 2007 4:33am Dec 13, 2007 4:33am
Quoting sarama001
Mysticgenie, as you said, COT is biased sort for GJ for this week. Right now GJ weekly candle for this week is bullish. SO GJ has to fall today and tomorrow. Am I right or wrong? or the market don't always follow COT bias?
the COT report is more of a long-term indicator on market sentiment and may or may not be reflected in the short-term
{spam removed}
  • #451
  • Dec 13, 2007 4:36am Dec 13, 2007 4:36am
Thanks Kayoubi!

Here is my summary so far

Broker ODL
Trade Open 27/11/2007
Up To Date 13/12/2007

I recalculated my actual pips for NZDUSD if i didnt move my SL in 3 of the orders.

Here is the summary so far

+ PIPS

AUDUSD 189 Pips
EURJPY 421 Pips
GBPCHF 298 Pips
GBPJPY 973 Pips
GBPUSD 688 Pips
NZDUSD 97 pips

USDCHF 453 Pips
USDJPY 529 Pips, Should be a bit more, forget to move one of the position to BE.

- PIPS
EURUSD -73 Pips
USDCAD -362 Pips

I am quite happy with the test results so far. Anybody tested on FXDD and IBFX?
Attached File(s)
File Type: xls Statement.xls   106 KB | 1,019 downloads
  • #452
  • Dec 13, 2007 4:42am Dec 13, 2007 4:42am
Hi Brother,

I always want to learn how to test the account to recalculate the actualy pips. can you teach on that ?

Quoting automan
Thanks Kayoubi!

Here is my summary so far

Broker ODL
Trade Open 27/11/2007
Up To Date 13/12/2007

I recalculated my actual pips for NZDUSD if i didnt move my SL in 3 of the orders.

Here is the summary so far

+ PIPS

AUDUSD 189 Pips
EURJPY 421 Pips
GBPCHF 298 Pips
GBPJPY 973 Pips
GBPUSD 688 Pips
NZDUSD 97 pips

USDCHF 453 Pips
USDJPY 529 Pips, Should be a bit more, forget to move one of the position to BE.

- PIPS
EURUSD -73 Pips
USDCAD -362 Pips

I am quite happy with the test results so far. Anybody tested on FXDD and IBFX?
  • #453
  • Dec 13, 2007 5:26am Dec 13, 2007 5:26am
Don't understand why some people are having a dig at mysticgenie.

He told us exactly what this system is and what it isn't.

So saying that this way of trading is imprudent etc. is like shooting the corpse since he stated it himself already in his post.

What sometimes goes on my nerves here at FF is that some people like to knee-jerk a non-issue into an issue. Common give it a break and fingerpointing is so easy and cheap.

I personally am curently not even looking into his system since I got other things to do. But once I feel I am at a stage where I can have a bit of a controlled gamble like that I'll go for it.

So whoever feels he's ready and up for it it, should do what he/she thinks is best.
Be like a post stamp! Stick to it until you get there!
  • #454
  • Dec 13, 2007 9:32am Dec 13, 2007 9:32am
Quoting automan
Thanks Kayoubi!

Here is my summary so far

Broker ODL
Trade Open 27/11/2007
Up To Date 13/12/2007

I recalculated my actual pips for NZDUSD if i didnt move my SL in 3 of the orders.

Here is the summary so far

+ PIPS

AUDUSD 189 Pips
EURJPY 421 Pips
GBPCHF 298 Pips
GBPJPY 973 Pips
GBPUSD 688 Pips
NZDUSD 97 pips

USDCHF 453 Pips
USDJPY 529 Pips, Should be a bit more, forget to move one of the position to BE.

- PIPS
EURUSD -73 Pips
USDCAD -362 Pips

I am quite happy with the test results so far. Anybody tested on FXDD and IBFX?
Thats some great pippage there Automan!!

3,213 pips in about 13 days, or 247 a day.

Could you elaborate on what elements of MG's strategy you have been using. Apologies if you have done this already but I couldn't find it.

Thanks,

G-Man
  • #455
  • Dec 13, 2007 10:36am Dec 13, 2007 10:36am
Quoting automan
Thanks Kayoubi!

Here is my summary so far

Broker ODL
Trade Open 27/11/2007
Up To Date 13/12/2007

I recalculated my actual pips for NZDUSD if i didnt move my SL in 3 of the orders.

Here is the summary so far

+ PIPS

AUDUSD 189 Pips
EURJPY 421 Pips
GBPCHF 298 Pips
GBPJPY 973 Pips
GBPUSD 688 Pips
NZDUSD 97 pips

USDCHF 453 Pips
USDJPY 529 Pips, Should be a bit more, forget to move one of the position to BE.

- PIPS
EURUSD -73 Pips
USDCAD -362 Pips

I am quite happy with the test results so far. Anybody tested on FXDD and IBFX?
Hey Automan,
Thanks for the info, nice work.
Do you use the Lag for stops? If so is it just the .85 and .15 for outs?
  • #456
  • Dec 13, 2007 9:03pm Dec 13, 2007 9:03pm
Quoting Mary Pippins
Don't understand why some people are having a dig at mysticgenie.

He told us exactly what this system is and what it isn't.

So saying that this way of trading is imprudent etc. is like shooting the corpse since he stated it himself already in his post.

What sometimes goes on my nerves here at FF is that some people like to knee-jerk a non-issue into an issue. Common give it a break and fingerpointing is so easy and cheap.

I personally am curently not even looking into his system since I got other things to do. But once I feel I am at a stage where I can have a bit of a controlled gamble like that I'll go for it.

So whoever feels he's ready and up for it it, should do what he/she thinks is best.
good point
  • #457
  • Dec 14, 2007 2:21am Dec 14, 2007 2:21am
Hi,

Could you please be magnanimous enough to show us a breakdown of how you were able to achive this feat.pls i personally wish to know.i just lost $9,500 in a week.

Omega

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
with GOD all PIPS are possible
  • #458
  • Dec 14, 2007 3:32am Dec 14, 2007 3:32am
Hey guys

i only trade when current bar closes above/below trendline by demark. i do not look at Laguerre for exit. I only use the last swing as my SL. TP i follow those set by Demark. There is 4 TP, but i only take 3 trades n pick 3 of the 4 TPs. Thats its.

Auto
  • #459
  • Dec 14, 2007 3:56am Dec 14, 2007 3:56am
Quoting automan
Hey guys

i only trade when current bar closes above/below trendline by demark. i do not look at Laguerre for exit. I only use the last swing as my SL. TP i follow those set by Demark. There is 4 TP, but i only take 3 trades n pick 3 of the 4 TPs. Thats its.

Auto
do u mind post your chart to explain? thanks for sharing...
  • #460
  • Dec 14, 2007 4:21am Dec 14, 2007 4:21am
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
Could you please post your statement, could not find it... thank you
miko
Concentration - Discipline - Patience
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