Mutiplied my $150 account 13 times in 6 weeks.. | Forex Factory

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Attachments: Mutiplied my $150 account 13 times in 6 weeks..
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Mutiplied my $150 account 13 times in 6 weeks..

  • #1
  • First Post: Aug 3, 2008 1:47pm Aug 3, 2008 1:47pm
Hi All,
Further to the thread from Mysticgenie, here is one more proof of how powerful this business can be....attached is the statement from one of my smaller accounts where i tried out my new strategy....i do agree that it is not great money management but it was born out of the confidence in my strategy and also to show everyone that this could be done......the statement shows how i turned $150 into $2020 in 6 weeks....

a growth of around 13 times my account size in 6 weeks....i have been out on a holiday for the past 2 weeks and hence i have not traded this more yet....anyway, here goes....
Attached File(s)
File Type: zip my document.zip   588 KB | 713 downloads
  • #2
  • Aug 3, 2008 1:52pm Aug 3, 2008 1:52pm
Nice work. Care to show the system?
Life is too short to have anything but delusional notions about yourself.
  • #3
  • Aug 3, 2008 4:31pm Aug 3, 2008 4:31pm
If you were so confident why didn't you start with 150K account?
Gravity always wins
  • #4
  • Aug 3, 2008 4:33pm Aug 3, 2008 4:33pm
Quoting ns_karthik77
Hi All,
Further to the thread from Mysticgenie, here is one more proof of how powerful this business can be....attached is the statement from one of my smaller accounts where i tried out my new strategy....i do agree that it is not great money management but it was born out of the confidence in my strategy and also to show everyone that this could be done......the statement shows how i turned $150 into $2020 in 6 weeks....

a growth of around 13 times my account size in 6 weeks....i have been out on a holiday for the past 2 weeks and hence i have not traded this more yet....anyway, here goes....
Just be careful, it's just as easy to turn $2020 into $150.
  • #5
  • Aug 3, 2008 4:34pm Aug 3, 2008 4:34pm
I look forward to seeing how you've done in 6 weeks time.

If you get the chance, have a look at money management.
The market reveals who we really are...
  • #6
  • Aug 3, 2008 8:13pm Aug 3, 2008 8:13pm
I'll be watching here. I hope you will reveal your system to us.
My money management isn't great either. But my account went in the other direction as a result.
Thanks for sharing
Dave
Is it Break Time yet?
  • #7
  • Aug 4, 2008 12:13am Aug 4, 2008 12:13am
wonder why my thread ended up in the Rookie section while mysticgenie's did not...anyway....i system is based on fibs, ema and price action....i believe price action is king...no indicators can give u what price action can...

as for money management....idea was to take huge risks in the beginning and slowly cut down the risk factor as the account grows....thats what i am doing now...
  • #8
  • Aug 4, 2008 1:34am Aug 4, 2008 1:34am
Quoting ns_karthik77
as for money management....idea was to take huge risks in the beginning and slowly cut down the risk factor as the account grows....thats what i am doing now...

Fair enough, then! Hope it works for you.
The market reveals who we really are...
  • #9
  • Aug 4, 2008 4:10am Aug 4, 2008 4:10am
Congratz. I'd withdraw 1k now and trade with the rest.
Some of you might remember CMS Forex's 500$ free Liveaccount programme.
If you have little to lose I think it's not that bad to boost youself of the ground untill you reach a certain account balance.
So I did the same thing.
  • #10
  • Aug 4, 2008 5:54am Aug 4, 2008 5:54am
Quoting Tjpld
Congratz. I'd withdraw 1k now and trade with the rest.
Some of you might remember CMS Forex's 500$ free Liveaccount programme.
If you have little to lose I think it's not that bad to boost youself of the ground untill you reach a certain account balance.
So I did the same thing.

well, i need to have as much money in that account for my money management....care to explain the CMS programme??
  • #11
  • Aug 4, 2008 6:29am Aug 4, 2008 6:29am
Some time ago they offered you to open a demo account which you had to raise by 500$ (no big deal with a 10k demo account) inorder to get a free 500$ Live Account on which you had to trade 30 round turn lots before you could withdraw any money.
  • #12
  • Aug 4, 2008 6:55am Aug 4, 2008 6:55am
Quoting Tjpld
Some time ago they offered you to open a demo account which you had to raise by 500$ (no big deal with a 10k demo account) inorder to get a free 500$ Live Account on which you had to trade 30 round turn lots before you could withdraw any money.
Anyone know of any other offers? Free money is quite desirable.
  • #13
  • Aug 4, 2008 7:22am Aug 4, 2008 7:22am
Quoting Tjpld
Some time ago they offered you to open a demo account which you had to raise by 500$ (no big deal with a 10k demo account) inorder to get a free 500$ Live Account on which you had to trade 30 round turn lots before you could withdraw any money.

Yes it was nice free 500$ offer from CMSFXInternational.
I withdraw about 4800$ from that free account..then close account...they close it without any problem.
It was best offer.....
Is there any other such offer
  • #14
  • Aug 4, 2008 9:13am Aug 4, 2008 9:13am
Quoting Ronald Raygun
Anyone know of any other offers? Free money is quite desirable.
It think the easiest way to get free money is to participate at every demo trading comeptition out there.
Sometimes you'll get money if you ref somebody. I do this from time to time with a friend. I set up an account invite my friend he wires some money to the broker I get the bonus and we leave.
  • #15
  • Aug 4, 2008 12:58pm Aug 4, 2008 12:58pm
Is this a thread in which will be posted some strategy or is a simple i got it then screw you?
Thanks,
Happy dupe,
jj
  • #16
  • Aug 4, 2008 3:27pm Aug 4, 2008 3:27pm
Even if he'd post his strategy 99% of the forex newbies would not be able to make any money with it. Being profitable goes WAAAY WWAAAAY beyond haveing a dumb strategy that you can follow.
  • #17
  • Aug 4, 2008 4:39pm Aug 4, 2008 4:39pm
i can tell that your sentence may be not totally right.
A newbie with some fundamentals (how to see trends, how to determine s/r levels, how to draw trendlines to identify profit targets) one with a small skill in EA development but great inspiration and ability to adapt and understand systems and rules beyond them, this type of user might be able to be profitable using a system, or maybe a couple of them somewhat correlated each other, in order to identify correct entries in the market.
  • #18
  • Aug 4, 2008 8:38pm Aug 4, 2008 8:38pm
Quoting jennajameson
i can tell that your sentence may be not totally right.
A newbie with some fundamentals (how to see trends, how to determine s/r levels, how to draw trendlines to identify profit targets) one with a small skill in EA development but great inspiration and ability to adapt and understand systems and rules beyond them, this type of user might be able to be profitable using a system, or maybe a couple of them somewhat correlated each other, in order to identify correct entries in the market.

good that this thread got moved back to the main forum...as i said, the strategy involves using fibs and pin bars....i also look for divergences...

the strategy does not use indicators and so it is not like 'if red crosses blue, go short' kind of thing...it involves study, intuition, experience but is very profitable...
  • #19
  • Last Post: Aug 7, 2008 1:33am Aug 7, 2008 1:33am
Is more like bang ore ne banged with high leverage? Or is hedged positions ? Please help us more....
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