How I Turned 1k To 100k In A Wk!!! | Page 45 | Forex Factory

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

  • #881
  • Sep 29, 2008 3:13pm Sep 29, 2008 3:13pm
For weekly COT updates already in chart format try this:

http://www.gracecheng.com/commitment-of-traders/
Grim
Trade less and become more profitable!
  • #882
  • Dec 20, 2008 3:01pm Dec 20, 2008 3:01pm
Quoting Grimweasel
For weekly COT updates already in chart format try this:

http://www.gracecheng.com/commitment-of-traders/
Grim
I turned $70 into $599 in two days then back to $270 in one day does that count
  • #883
  • Dec 26, 2008 6:23pm Dec 26, 2008 6:23pm
Mystic is somewhere out there slipping pina coladas and pissing away the 100 grand.

My kinda guy. Do it again in '09, bro.
  • #884
  • Dec 27, 2008 2:14am Dec 27, 2008 2:14am
please where can i get his method and how to apply it
i ll appreciate if someone directs me to the right page
thanks
  • #885
  • Dec 27, 2008 2:55am Dec 27, 2008 2:55am
LOL even if you do understand his method. Chances are high that you will not replicate his results. There's more than just a system which say BUY or SELL or GET OUT. Funny how most newcomers here belive they found something that will make them rich. Dream on.
  • #886
  • Dec 27, 2008 7:59am Dec 27, 2008 7:59am
additionally Mystic was able to catch a massive carry trade unwind. Does not happen that often and when it does you have to have "Mystic" like courage to ride it out.

i'm not saying that it can't be done, rather it takes BIG BALLS and technical mastery.

if you're really interested in replicating Mystic's journey - start learning DeMark trendlines (DeMarker indicator) and know a little something about COT reports.

Good luck!
  • #887
  • Dec 27, 2008 8:53am Dec 27, 2008 8:53am
"How I Turned 1k To 100k In A Wk!!!" - Sounds to me like a Scam Artist. To all believers of that crap: -Real- Big Player´s wouldn´t join FF. I guess it´s time to go.
  • #888
  • Dec 27, 2008 2:40pm Dec 27, 2008 2:40pm
Quoting suspect
"How I Turned 1k To 100k In A Wk!!!" - Sounds to me like a Scam Artist. To all believers of that crap: -Real- Big Player´s wouldn´t join FF. I guess it´s time to go.
If you actually bothered to read his posts you wouldn't be saying that

He's not selling anything

He already says he does this for fun on a 1k mini account, while trading normally on a bigger, more conservative account

He posted his system and his trading reports, along with tons of charts

And he definitely already said that this is something that'll blow your account, it's just for fun trading
  • #889
  • Dec 27, 2008 8:29pm Dec 27, 2008 8:29pm
Nothing is impossible. I have turned $50K USD account into $300K USD in only three weeks time, but its hard to sustain that with so many open positions. Right now, my account is down to a little over $200K USD - poor money management on my part since its always hard for me to take a loss, and I do not use S/L....
  • #890
  • Dec 27, 2008 10:18pm Dec 27, 2008 10:18pm
Quoting suspect
"How I Turned 1k To 100k In A Wk!!!" - Sounds to me like a Scam Artist. To all believers of that crap: -Real- Big Player´s wouldn´t join FF. I guess it´s time to go.
it is possible with all things investing. spot forex can achieve extreme results. Make sure you have a broker that will not screw you over. There are several ways for them to do that.
  • #891
  • Dec 28, 2008 4:17am Dec 28, 2008 4:17am
Quoting suspect
"How I Turned 1k To 100k In A Wk!!!" - Sounds to me like a Scam Artist. To all believers of that crap: -Real- Big Player´s wouldn´t join FF. I guess it´s time to go.

Don't be sure my friend. I know at least 10 of my friends with "SOLID" accounts.. they are ALL FF members

Cheers
  • #892
  • Dec 28, 2008 4:54am Dec 28, 2008 4:54am
Quoting suspect
"How I Turned 1k To 100k In A Wk!!!" - Sounds to me like a Scam Artist. To all believers of that crap: -Real- Big Player´s wouldn´t join FF. I guess it´s time to go.

totally wrong. here are also many big players around.

people trading 30-100 lots on 7 figure accounts...
  • #893
  • Dec 29, 2008 11:10am Dec 29, 2008 11:10am

Mysticgenie do not write any comment for several months. All this is very rare. Is he hiding?

We have to make a lot of money to live quiet as the poor.
  • #894
  • Dec 30, 2008 6:13am Dec 30, 2008 6:13am
Quoting gambrinus

Mysticgenie do not write any comment for several months. All this is very rare. Is he hiding?

1. The period that Mystic made this money during was a good period for many. For example, Ronald Raygun took $200 to over $20,000 during this period.

2. Why must Mystic show up and defend his claims? Most traders who make money may be completely happy just doing that.......and why not?
  • #895
  • Dec 30, 2008 12:43pm Dec 30, 2008 12:43pm

Of course, Jake, mystic has every right to be happy and enjoy the money they won. Right. But we have left, I would like to continue reading and learning from him.

We have to make a lot of money to live quiet as the poor.
  • #896
  • Jan 11, 2009 9:18pm Jan 11, 2009 9:18pm
Welcome back folks---after a long sojourn, I'm here again to share my experiences & analysis as time permits---after a prolonged period the late part of 2008 saw the most trecherously trending market---USD came back to its color---money management is the most important thing to survive this rollercoster market. Ironically, I started this thread with an element of gambling---but it showed how powerful MM is to make or break a trader's account. An infinite potential hides in forex if you have a consistent strategy.
If your R/R >1, your win % don't have to be more than 50% to become profitable. Your risk of ruin will be practically 0 if your risk per trade < 1.5% with above parameters. For more details, I suggest you to read Tushar Chande's 'Beyond Technical Analysis' book.

Anyway,
I still use Demark system with discretion. As I said, it's not only system, but your MM will bring the winner out of you.

Currently I see a sell in Gbp/Usd below 1.5290 for a near term target below 1.49 ( a possible H & S in making I think with a divergence in demarker indicator--chart attached)
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  • #897
  • Jan 12, 2009 5:05pm Jan 12, 2009 5:05pm
Quoting mysticgenie
Welcome back folks---after a long sojourn, I'm here again to share my experiences & analysis as time permits---after a prolonged period the late part of 2008 saw the most trecherously trending market---USD came back to its color---money management is the most important thing to survive this rollercoster market. Ironically, I started this thread with an element of gambling---but it showed how powerful MM is to make or break a trader's account. An infinite potential hides in forex if you have a consistent strategy.
If your R/R >1, your win % don't...
GBp/Usd 1st target achieved!

GL/GT
  • #898
  • Jan 12, 2009 7:04pm Jan 12, 2009 7:04pm
Nice to see you back mysticgenie happy new year bro ..... trade carefully this year
  • #899
  • Jan 13, 2009 6:57am Jan 13, 2009 6:57am
Quoting fugly
Nice to see you back mysticgenie happy new year bro ..... trade carefully this year
Gbp/usd target 2 achieved @ 1.4580---
Currently I see a long on Usd/Cad above 1.2215, SL below 1.2100 for 1.2400 & above---
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  • #900
  • Jan 13, 2009 11:23am Jan 13, 2009 11:23am
Regarding the demark indicator: once the arrow appears, after close of the candle which broke either the upper or lower trendline - would you recommend to wait a bit for some retracement and then enter the trade in order to make some more pips ?

Or is it better to jump into the trade right away (after close of the candle and the alert arrow) ?

Thank you very much if anybody could post his/ her experience.
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