How I Turned 1k To 100k In A Wk!!! | Page 28 | Forex Factory

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

  • #541
  • Dec 29, 2007 6:34am Dec 29, 2007 6:34am
Wait - I checked with FXCM, these are demo ticket trade numbers on MG's trading report that's posted earlier. Oh well, it got everyone excited nonetheless.
  • #542
  • Dec 29, 2007 8:13am Dec 29, 2007 8:13am
Quoting ktrade
Wait - I checked with FXCM, these are demo ticket trade numbers on MG's trading report that's posted earlier. Oh well, it got everyone excited nonetheless.

updated the chart to reflect live data, i forgot to switch accounts.

thanks for reminding me.
  • #543
  • Dec 29, 2007 8:49am Dec 29, 2007 8:49am
Quoting mysticgenie
Thanks for your good wishes--- I wish you all the same---
If you are using North Finance MT4 platform, click on the 'Market watch' button--you will see the list of pairs---then right click inside the window & choose 'Show all' option---you will get all the currency pairs listed--- hope this helps---

GL/GT

Thank you so much, i already have northfinance platform with me for months but never know it has so many list of instruments.

N again, thanks a lot for sharing your energetic trading style, i'm sure it hve helped a lot of traders. May u success all the time.

Bye
  • #544
  • Dec 29, 2007 9:02am Dec 29, 2007 9:02am
Quoting forexlion
Is this chart similar to the COT being discussed ?

I actually seperated the # of Buyers and # of Sellers from iVolume()

Buyers + Sellers = Total Volume.
Hi forexlion,

When you are using this volume data, is it from retail traders, at this particular broker? The tick volume that this describes can indeed be useful, but I think it might be a bit misleading to compare it to COT trades, which are the Commercials, and much, much larger part of the FX market place.

None the less, if we can assume that the retail traders are most often wrong, this is valuable info.
  • #545
  • Dec 29, 2007 9:05am Dec 29, 2007 9:05am
Quoting ktrade
Wait - I checked with FXCM, these are demo ticket trade numbers on MG's trading report that's posted earlier. Oh well, it got everyone excited nonetheless.
I hope IRS also believes that---that'll save me tons of money this yr from tax revenues---wish I had the power to convert all my live accounts into demo ones to save taxes at the yr end!!
---Sorry, I should not say that---taxes are required for a country's development---lol

GL/GT
  • #546
  • Dec 29, 2007 9:52am Dec 29, 2007 9:52am
Hi, newbie here (FF).
Feel that its the most excellent achievement I ever seen in forex market. Congrates to mysticgenie!

I've tried this method before with excellent result for few weeks too with small lot, BUT failed after that
Maybe due to poor mm & will proceed again soon...

Gud luck to all!
QUITTERS never WIN! WINNERS never QUIT!
  • #547
  • Dec 29, 2007 11:13am Dec 29, 2007 11:13am
Quoting forexlion
Is this chart similar to the COT being discussed ?

I actually seperated the # of Buyers and # of Sellers from iVolume()

Buyers + Sellers = Total Volume.
hi forexlion if it is possible for you, can you post the indicators you are using in this screen, I mean the one which gives the left side information and also XP_MA v9.0 ?

I'll appreciate.
Discipline + Patience - Fear - Greed = Success
  • #548
  • Dec 29, 2007 1:50pm Dec 29, 2007 1:50pm
I hear ya MG.

Oh yes - taxes. Inevitable like a nap is after eating turkey.

Quoting mysticgenie
I hope IRS also believes that---that'll save me tons of money this yr from tax revenues---wish I had the power to convert all my live accounts into demo ones to save taxes at the yr end!!
---Sorry, I should not say that---taxes are required for a country's development---lol

GL/GT
  • #549
  • Dec 30, 2007 3:32pm Dec 30, 2007 3:32pm
Quoting ktrade
Wait - I checked with FXCM, these are demo ticket trade numbers on MG's trading report that's posted earlier. Oh well, it got everyone excited nonetheless.
I saw the first report that MG posted to begin with and MG's account number is only a few digits different than my real account that I have there. My demo account number starts with FXR and I don't recall seeing that on that report. Are you speaking of a different report?
rsrol
  • #550
  • Dec 30, 2007 5:37pm Dec 30, 2007 5:37pm
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
Hi MysticGenie,

want to kwow what you mean by 'this feat achievable atleast few time a yr'?

how do you feel that it's the right time to implement this aggressive system?

there were sharp movements in the week of 7nov/14nov when you performed, how did you anticipate it?

many thx

happy new year
  • #551
  • Dec 30, 2007 7:08pm Dec 30, 2007 7:08pm
  •  TrevA
  • | Joined Oct 2007 | Status: my brain has a mind of its own | 166 Posts
Quoting mysticgenie
I hope IRS also believes that---that'll save me tons of money this yr from tax revenues---wish I had the power to convert all my live accounts into demo ones to save taxes at the yr end!!
---Sorry, I should not say that---taxes are required for a country's development---lol

GL/GT
I'm sure some brokers would be willing to offer this service :-) Can I oblige.... without charging a spread? You give me your real money and I'll give you a demo account to the same value.
  • #552
  • Dec 30, 2007 10:02pm Dec 30, 2007 10:02pm
Quoting euronext
Hi MysticGenie,

want to kwow what you mean by 'this feat achievable atleast few time a yr'?

how do you feel that it's the right time to implement this aggressive system?

there were sharp movements in the week of 7nov/14nov when you performed, how did you anticipate it?

many thx

happy new year
Thanks for your appreciation---difficult to explain everything in words---I just followed my system & ofcourse my intuition based on prevailing market conditions---market is always talking to us sometimes we understand what it's saying, sometimes we don't---only when you are in sync with market, you can dare to take a higher level of risk to maximize your largesse from market---
Wish you a happy & prosperous 2008!!
GL/GT
  • #553
  • Dec 30, 2007 10:02pm Dec 30, 2007 10:02pm
Quoting TrevA
I'm sure some brokers would be willing to offer this service :-) Can I oblige.... without charging a spread? You give me your real money and I'll give you a demo account to the same value.
R/R is not favoring me---lol

Take it easy buddy--

GL/GT
  • #554
  • Jan 2, 2008 5:47pm Jan 2, 2008 5:47pm
closed my Eur/Nzd position w/ minimal profit as picture is not clear (the pair is still ranging w/ bullish bias atleast for ST)---

GL/GT
  • #555
  • Jan 2, 2008 6:09pm Jan 2, 2008 6:09pm
Congrats mysticgenie!
I guess you are an IMG and just out of residency. I am not too surprise that you have achieved this.
  • #556
  • Jan 2, 2008 8:16pm Jan 2, 2008 8:16pm
Quoting good
Congrats mysticgenie!
I guess you are an IMG and just out of residency. I am not too surprise that you have achieved this.
Thanks for your kind words---

GL/GT
  • #557
  • Jan 2, 2008 11:12pm Jan 2, 2008 11:12pm
Quoting mysticgenie
I know bro, the tax part, I'll leave it to my lawyer

GL/GT

go buy an office building pay cash for it and write off the whole expense as a tax deduction. Or take out a loan and depreciate it for some 20 yrs.

so many ways to cut taxes in US of A. lol.
  • #558
  • Jan 3, 2008 12:07pm Jan 3, 2008 12:07pm
This thread is interesting. Im trying to use the demark line indicator. look at the attached chart please. There is a downward red line, i am waiting for a break above it, this happened then immediately a red cross was formed below the candle. What is this red cross? If it means a fake breakout then how did it come up with that? Many thanks.
Attached Image (click to enlarge)
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  • #559
  • Jan 3, 2008 12:09pm Jan 3, 2008 12:09pm
Quoting forexlion
Is this chart similar to the COT being discussed ?

I actually seperated the # of Buyers and # of Sellers from iVolume()

Buyers + Sellers = Total Volume.
Can I try this indicator too please.
  • #560
  • Jan 3, 2008 1:46pm Jan 3, 2008 1:46pm
  •  TrevA
  • | Joined Oct 2007 | Status: my brain has a mind of its own | 166 Posts
Quoting eagle_eye
This thread is interesting. Im trying to use the demark line indicator. look at the attached chart please. There is a downward red line, i am waiting for a break above it, this happened then immediately a red cross was formed below the candle. What is this red cross? If it means a fake breakout then how did it come up with that? Many thanks.
It means a failed breakout.

Looking at the indicator source code, the indicator is looking for higher highs.... in the screen shot, the bars after breakout have hit strong resistance and are not making higher highs which means the profit targets will not be hit. This is why an x appears.

I notice you're using laguerre.... to me it's a horrible indicator and truly lives up to it's name...'LAG'. If you're new to forex then dump this indicator and use MACD or CCI, that is if you really must use an indicator at all.

TrevA
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