How I Turned 1k To 100k In A Wk!!! | Page 39 | Forex Factory

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Automated trading: $200 to $100K in 1 year 27 replies

friend wants to leave 100k, for 5%, riskless profit. 35 replies

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

  • #761
  • May 19, 2008 7:21pm May 19, 2008 7:21pm
Quoting Peterinforex
Hi Mystiicgenie
THank you for your informative thread
I have a question, your COT report based on CAD/JPY.
Can you tell me how you analysed?I am learning
http://www.cftc.gov/dea/futures/deacmesf.htm

I can see to a certain extend the long and short positions held by the commercial and non-commercials are at extremes

Thanks
Thanks for your interest---
overall shorts are increasing till last wk (commercial & noncommercial with emphasis on noncommercials)---that's why we are seeing short sqeeze & CAD is strengthening---please go thru my whole thread for better understanding---
GL/GT
  • #762
  • May 19, 2008 9:51pm May 19, 2008 9:51pm
Mystic sent you a PM
Former Trader Of the Year of the 95% losing club! Retired
  • #763
  • May 19, 2008 10:20pm May 19, 2008 10:20pm
Hi
THanks for help.
I didn't recieve a PM. or was you talking to someone else?
Quoting Rgali1
Mystic sent you a PM
  • #764
  • May 20, 2008 4:06pm May 20, 2008 4:06pm
First let me say thank you for this thread. I do not use the system as described here, but this thread has been very instrumental in my development as a trader. Lots of nuggets throughout....

On to my question - Mystic, in your latest screenshot what is the period on the Moving Avg??

Thanks in advance!

Enoch B.
  • #765
  • May 20, 2008 7:15pm May 20, 2008 7:15pm
thanks
think i got it
Quoting mysticgenie
Thanks for your interest---
overall shorts are increasing till last wk (commercial & noncommercial with emphasis on noncommercials)---that's why we are seeing short sqeeze & CAD is strengthening---please go thru my whole thread for better understanding---
GL/GT
  • #766
  • May 21, 2008 3:57am May 21, 2008 3:57am
Thanks for your encouraging words---That's SMA 100 (close)---
GL/GT


Quoting enochben
First let me say thank you for this thread. I do not use the system as described here, but this thread has been very instrumental in my development as a trader. Lots of nuggets throughout....

On to my question - Mystic, in your latest screenshot what is the period on the Moving Avg??

Thanks in advance!

Enoch B.
  • #767
  • May 21, 2008 9:26am May 21, 2008 9:26am
Hi mystic,

I like your thread. I think you just felt something on essence of forex.
By us (in Hungary) nowadays are running the Uri Geller show, and there I saw lots of enthusiastic people like in this thread.

Your example showed me that the possibilities are limitless in Forex, if somebody can believe and "feel" the market.
100 pips a day, keeps the doctor away
  • #768
  • May 21, 2008 10:09am May 21, 2008 10:09am
why you dont test it in a live account and put it here
  • #769
  • May 21, 2008 11:28am May 21, 2008 11:28am
It is possible, however, you may catch all the small trends to get that much amount.

but, if you wait for 30 min in some pair is very possible, however, you must babysit the chart. to see if trend is end or not

like in talkgold.com 's forex forum. I did say it is too possible to get 20 pip or even 100 pip a day if you had a system that is work for you.

understand the indicators are your keys to success in forex.

Or you may want to trade news (after news been reless, and spread back to regular spread, if very good or very bad you should able to get at less 20 pip after news)

also understand ADX this indicator allow you to understand if there are more buyer or seller especially when the trend is turn the other way in the big news.
  • #770
  • May 21, 2008 3:38pm May 21, 2008 3:38pm
Hi Mtuppers,

Yes, I have heard that somebody can make 20 pips or even 100 (!!!!) pips consistently.

My purpose is 200 /day consistently.
I shared to everybody here on an other thread
100 pips a day, keeps the doctor away
  • #771
  • May 21, 2008 5:17pm May 21, 2008 5:17pm
Quoting fxkred
Hi Mtuppers,

Yes, I have heard that somebody can make 20 pips or even 100 (!!!!) pips consistently.

My purpose is 200 /day consistently.
I shared to everybody here on an other thread
understand indicators are your keys.

if you able to using marketiva.com as your chart. using it.

Aroon will shows you when trend is ended and start.

ADX will shows you how many buyer and seller at a time. (if you mised a chance just wait for next one) unless ADX does not show it going to be ended.

W%R this indicator rule is simple, at longer trend. if Aroon indicator shows is ended, check with W%R and ADX. if both ADX, and W%R start shows it's ended then check longer time frame. if it shows ended too. if both shows ended then it will be.
  • #772
  • May 22, 2008 3:23am May 22, 2008 3:23am
Hi all,

I have attached the stratified trade balance of the post #68 PDF file.
It is interesting what pair mystic played and how won wit it.

Nothing, but interesting
Attached Image (click to enlarge)
Click to Enlarge Name: StratifiedBalance.JPG Size: 39 KB
100 pips a day, keeps the doctor away
  • #773
  • May 22, 2008 6:43am May 22, 2008 6:43am
which leverage level did you use ?
{Promotion Removed}
  • #774
  • May 24, 2008 1:28am May 24, 2008 1:28am
HI Bro

Was a good call.a 200 pips run with almost no drawrun
what are your thought on the COTS report this week?
http://www.cftc.gov/dea/futures/deacmesf.htm
will you be posting any calls/charts this week?

thanks
Quoting mysticgenie
Here is another MT trade suggestion:
Long Cad/Jpy @ CMP or lower SL below 100.80; TP1 108.75 TP2 111.32 or above
R/R & COT report are pretty favorable-- canadian data should provide some direction to this pair which is ranging for some time between daily channel 101.50--105.32

GL/GT
  • #775
  • May 24, 2008 1:21pm May 24, 2008 1:21pm
i am testing on H1 only.

Great work again mystic!

Quoting mysticgenie
My friend, I find Demarker as better indicator for OB/OS levels on longer TFs--I have not tried it in lower TFs though---maybe, our friend Automan can help us on this aspect by forward testing on lower Tfs---

GL/GT
  • #776
  • May 28, 2008 10:12pm May 28, 2008 10:12pm
Quoting mysticgenie
Hi friendz,
I decided to post occasionally as time permits---I modified my system a little bit---nowadays, I use Demarker indicator (default w/ MT4 platform w/ default settings) to find out OB/OS areas---I will only post medium term trades here based on this system---the attached chart should be self explanatory---adjust your position size accordingly---

Long Eur/Jpy @ CMP or lower SL below 161 TP 164.60 or above
Euro yen position almost reached the target---please close the most of your position if you are still holding @ CMP or higher with rest @ BE SL---
Let's see how Cad/Jpy plays out---
  • #777
  • May 28, 2008 10:14pm May 28, 2008 10:14pm
Quoting mysticgenie
Here is another MT trade suggestion:
Long Cad/Jpy @ CMP or lower SL below 100.80; TP1 108.75 TP2 111.32 or above
R/R & COT report are pretty favorable-- canadian data should provide some direction to this pair which is ranging for some time between daily channel 101.50--105.32

GL/GT
Please close 1/3 of your position & bring the SL to BE for the rest--
GL/GT
  • #778
  • May 28, 2008 10:22pm May 28, 2008 10:22pm
Quoting mysticgenie
Please close 1/3 of your position & bring the SL to BE for the rest--
GL/GT
Hi. You had great trade recommendations. Have any more?
  • #779
  • May 28, 2008 10:26pm May 28, 2008 10:26pm
Hey,

It's nice you have a good system. I hope you can generate some pdf or some MT4 indicators that tell us buy/sell so we can all jump in and maybe there'll be enough of us to tilt the price where we want it to be.

best

getting back to reading from the page "1"
  • #780
  • May 28, 2008 10:32pm May 28, 2008 10:32pm
which are the settings for Demark ?


regards, fds
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