How I Turned 1k To 100k In A Wk!!! | Page 25 | Forex Factory

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

  • #481
  • Dec 17, 2007 9:26am Dec 17, 2007 9:26am
Mysticgenie, maybe this is none of my business, because this is my first post in your thread, and I do not post a lot in this entire forum, but I think what would add validity to your posts and claims, is to post your trades live as soon as you make them. If what you really want to do is help others, then it will add believeability, along with accompanying a chart to show exactly what you were looking at when you posted the trade. I see various claims where you made +200, +500, +600 pips, etc. If you are confident in your system and the claims, then let the people in this forum know in advance when the trade is posted. Part of the problem with beginner traders is they see the results, expectations are risen, but they have no live guideline to go by. There is nothing like proving a system, live, and when the trade is actually posted. Everyone is actually able to see the practical element to your system, which is an occasional losing trade. Not only do they want to know that your system is replicable, but they also need to know the balance. An aspring trader needs to have a wherewithal to track a system in order to ascertain the confidence that is needed to trade it. Just my constructive input.
  • #482
  • Dec 17, 2007 10:10am Dec 17, 2007 10:10am
  •  TrevA
  • | Joined Oct 2007 | Status: my brain has a mind of its own | 166 Posts
Quoting seqds
It does thanks, just to be 100% sure, arrows are a confirmation of a valid signal?


Edit- last question, what about those red and blue horizontal lines?
Cant find any thread explaining DeMark in details can you help pls?

Thank you
The red and blue horizontal lines are profit targets.

Learn more about the concept here as explained by Mouteki: http://www.forexfactory.com/showthread.php?t=7883


The arrows are signal confirmations, but be careful for two reasons:
1. The confirmation is no guarantee that the breakout is valid and the price could reverse on you at any time resulting in a loss;
2. If you read price action you can take a trade well in advance of the arrow. The 1H timeframe can be a bit long when waiting for a confirmation and can reduce your profits. Try switching to a lower timeframe M30 or M15 to time your entry AFTER you see the price break through the 1H Demark line.

Hope this helps you.

TrevA
  • #483
  • Dec 17, 2007 10:30am Dec 17, 2007 10:30am
its possible
Money often costs too much...
  • #484
  • Dec 17, 2007 11:31am Dec 17, 2007 11:31am
Hi All

I have posted my H4 Trading statement @ my trading journal..
  • #485
  • Dec 18, 2007 1:44am Dec 18, 2007 1:44am
Quoting zoheir
Demo accounts do not show "deposit and withdrawal" in the statement my friend.
And wow ... you\re first post on FF is really negative !
Hi Zoheir,

This is not my first post. I have about 10 of them posted through the years . I think server was updated and they got lost.
As to negativity then I am not going to make an arguement about it. I have been trying to make it in trading for a while and it is very difficult. The point is that name of this thread is very misleading: "How I Turned 1k To 100k In A Wk!!!" I recon even Mr Lefevre would laugh his head off at this one!
  • #486
  • Dec 18, 2007 12:53pm Dec 18, 2007 12:53pm
Hi Guys

I am comparing trades from H4 n H1. So far so good for H4. Anyone trade Demark on M15? Would luv to hear from you guys if u r trading below H1 Timeframes.

I am still looking for stable pairs that is tradable using H1.

Will update H4 trades end of this trading week. So far its up about 11%.

Cheers!
  • #487
  • Dec 18, 2007 7:08pm Dec 18, 2007 7:08pm
This post should just be re-labeled "a long list of sore losers..." almost everyone here has misunderstood what mystic said..he has a large account that he trades conservatively with, but with $1000 (pocket change) he goes for the long shot, and when it hits it's good.. does it hit often? NOOOOO... so no he cannot post his trades live ect... also it is very much possible to do, it's called compounding your profits...if I took $1000, and doubled it ten times i would have over $1,000,000...only someone who completely lacks creativity and doesn't understand the market will tell you it's impossible, pleaseeeeeee don't respond to this with bad money management comments, this is not a trading strategy in any way, just think of it as a trip to vegas, don't bet the house but bring a couple grand and maybe you'll come back with a new house...its all in good fun and sometimes turns out profitable.
  • #488
  • Dec 18, 2007 11:16pm Dec 18, 2007 11:16pm
hi auto,

do u mind share ur indicator and template??

thank you
from mini


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?
  • #489
  • Dec 19, 2007 3:34am Dec 19, 2007 3:34am
Refer here on my criteria of opening new trades.
  • #490
  • Dec 19, 2007 4:21am Dec 19, 2007 4:21am
hi auto,

asking some question. pls c my att pic.

thank you
mini


Quoting automan
Refer here on my criteria of opening new trades.
Attached Image (click to enlarge)
Click to Enlarge Name: Closed+Trades.JPG Size: 101 KB
  • #491
  • Dec 19, 2007 4:46am Dec 19, 2007 4:46am
Quoting mini008
hi auto,

asking some question. pls c my att pic.

thank you
mini
Mini,

It is fairly common to split your trade into several chunks as it enables you to scale out of your position, at say 10, 20 and 30 pips.

One aspect of DeMark is also the target lines, of which there can be 3. I think Auto commented about his use somewhere earlier on this thread, but I guess that is the reason you would see multiple entries on the trading statement.

G-Man
  • #492
  • Dec 19, 2007 5:16am Dec 19, 2007 5:16am
G..ur the Man, well answered.

Mini, i have 3 different profit targets. Thats y i split the order to 3 different lots.

I do not know how to open 3 lots at once and set TP at 3 different levels.
  • #493
  • Dec 20, 2007 12:54am Dec 20, 2007 12:54am
Mystic,

I noticed that a vast majority of your entries did NOT happen near the top of the hour. The Demark signal alerts at the top of the hour. I'm wondering if there's a reason that you enter most of your trades well after the signal has alerted. Are you looking at other data to hone your entry after the signal occurs. I'm very familiar with all your posts and I think I have a grasp of what you're looking at, but I'm not clear as to why some of your trades go in so long after the signal.

If you look at Auto's journal, you'll see that most all of his trades are just after the top of the hour. Yes he's trading the signal only which is probably why he's able to pop off trades quickly, but is there a method to your "madness"?

Anyway...any inights here would be great.

Thanks,

NW_Trader
  • #494
  • Dec 20, 2007 1:48am Dec 20, 2007 1:48am
  •  TrevA
  • | Joined Oct 2007 | Status: my brain has a mind of its own | 166 Posts
Quoting NW_Trader
Mystic,

I noticed that a vast majority of your entries did NOT happen near the top of the hour. The Demark signal alerts at the top of the hour. I'm wondering if there's a reason that you enter most of your trades well after the signal has alerted. Are you looking at other data to hone your entry after the signal occurs. I'm very familiar with all your posts and I think I have a grasp of what you're looking at, but I'm not clear as to why some of your trades go in so long after the signal.

NW_Trader
NW_Trader

I use this indicator and find its signal quite subjective. The hourly alert is often too late or early, depending on the trend and should only be used AS A GUIDE.

Sometimes, the breakout is so clear that you take the trade well before the new bar confirmation. Sometimes, especially when the market is ranging sidewards the red trendline can be broken and the indicator will signal a buy... but there is obviously no genuine buy signal as the trend is down and we are ranging.... in this case I like to wait for upside movement as a confirmation and this sometimes involves a lot of waiting.

This is just my perspective on the indicator. I'm curious to hear what Mysticgenie has to say about it too.

TrevA
  • #495
  • Dec 20, 2007 2:31am Dec 20, 2007 2:31am
Hi All

I am now testing on M15, H1, H4 TFs.

So far my H4 trades is about 7.5% down from 11% that day. I will post the trades by this week when market closes.

Trying to determine which pair works well in what timeframe. maybe someone out there can share their trading result too.
  • #496
  • Dec 20, 2007 9:15am Dec 20, 2007 9:15am
I have posted some snapshots of my H4 trades. Please check it out.
  • #497
  • Dec 20, 2007 11:16am Dec 20, 2007 11:16am
guys,

i might be outdated, can anyone teach me how to load la guerre, keltner and demark int mt4, as given earlier by mysticgenie. please.

tq
  • #498
  • Dec 20, 2007 2:13pm Dec 20, 2007 2:13pm
Dr. MysticGenie,
How have you been? How is you advanture of the trades? we miss you.
Please share your latest with us!

Thanks

S
  • #499
  • Dec 20, 2007 4:27pm Dec 20, 2007 4:27pm
OK, so given enough time, this thread should have been renamed "1K to 100M in 1 month"
  • #500
  • Dec 21, 2007 12:33am Dec 21, 2007 12:33am
Quoting NW_Trader
Mystic,

I noticed that a vast majority of your entries did NOT happen near the top of the hour. The Demark signal alerts at the top of the hour. I'm wondering if there's a reason that you enter most of your trades well after the signal has alerted. Are you looking at other data to hone your entry after the signal occurs. I'm very familiar with all your posts and I think I have a grasp of what you're looking at, but I'm not clear as to why some of your trades go in so long after the signal.

If you look at Auto's journal, you'll see that most all of his trades are just after the top of the hour. Yes he's trading the signal only which is probably why he's able to pop off trades quickly, but is there a method to your "madness"?

Anyway...any inights here would be great.

Thanks,

NW_Trader
Well said. . . however discretion is a large part of this method. . .
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