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sell high buy low

  • #1
  • First Post: Jan 28, 2009 7:40am Jan 28, 2009 7:40am
Yeah it is dangerous but how if you know where and how to enter if you know your risk (this is what I prepare to lose with out crying)
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #2
  • Jan 28, 2009 7:43am Jan 28, 2009 7:43am
Quoting zamanib
Yeah it is dangerous but how if you know where and how to enter if you know your risk (this is what I prepare to lose with out crying)
my last buy was 135 look at gbp now 143 and change cool
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #3
  • Jan 28, 2009 7:55am Jan 28, 2009 7:55am
Can you explain your method?
Thanks
Al
  • #4
  • Jan 28, 2009 7:59am Jan 28, 2009 7:59am
Quoting zamanib
my last buy was 135 look at gbp now 143 and change cool
Again One guy trading a similar approach for 12 yrs he must me successful I will guess.
I did not post here to make a point I have been trading for 5 yrs and hardly post any thread. I want to see the smart guy who can look at things at different ways. be innovative. Yes martingale is know to blow your account

But how if you know this will be your result at the of each new trade

I am risking $260 to make $10 (which is 4% profit from $260) or $20 which is 8%) or $30 (which is 12%)or $40 (which is 15%) from $260.
I will say that is a darn good investment for only $260
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #5
  • Jan 28, 2009 8:03am Jan 28, 2009 8:03am
Quoting alain1
Can you explain your method?
Thanks
Al
look at this
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #6
  • Jan 28, 2009 8:04am Jan 28, 2009 8:04am
Quite right
  • #7
  • Jan 28, 2009 8:26am Jan 28, 2009 8:26am
zamanib, you say in your post that you risk $260 to make $10. sorry, but i can't understand how this is a good investment. that is extremely risky and not worth it at all in my opinion. sorry, maybe i don't understand you quite clearly, but you should definitely check your money management strategy
Twitter: @forexpokerpro
  • #8
  • Jan 28, 2009 1:50pm Jan 28, 2009 1:50pm
Quoting BBPI_fxtrader
zamanib, you say in your post that you risk $260 to make $10. sorry, but i can't understand how this is a good investment. that is extremely risky and not worth it at all in my opinion. sorry, maybe i don't understand you quite clearly, but you should definitely check your money management strategy
I said $ 260 can make 10 20 30 and 40$ in 1 month 260 make me over $1000 how much % is that Genius
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #9
  • Jan 28, 2009 2:00pm Jan 28, 2009 2:00pm
I think this method is going to end in tears.
  • #10
  • Jan 28, 2009 2:16pm Jan 28, 2009 2:16pm
Quoting cybernet69
I think this method is going to end in tears.
If u let it continue to infinty. not if u have sl and u can bite you it (with out crying) Like you guy 40 pips stop then u cry all night lol.
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #11
  • Jan 28, 2009 3:06pm Jan 28, 2009 3:06pm
I think Zamanib's method is interesting. Could you, please give us some details about your scaling system ( SL, ...)?
  • #12
  • Jan 28, 2009 3:07pm Jan 28, 2009 3:07pm
as for you cybernet, it seems also good.Will you also share your system with us ???
  • #13
  • Jan 28, 2009 3:32pm Jan 28, 2009 3:32pm
Mine involves BASKET trading, there are many threads about this.
  • #14
  • Jan 28, 2009 3:52pm Jan 28, 2009 3:52pm
come on' guys, there is nothing good with this method... All he does is using a martingale that are known to blow account (the author just said so)

Doubling up, doubling up, doubling up until you have no margin left on a big move and all you've accomplished is risking all your money to make 10$...
  • #15
  • Jan 28, 2009 4:06pm Jan 28, 2009 4:06pm
Zamanib's right. With SL you can do pretty good and safely. I tried with some charts and without all the infos about the method and the results were good.
  • #16
  • Jan 28, 2009 6:22pm Jan 28, 2009 6:22pm
Hi zamanib,

Interesting,
with bigger pips, it seems more safe.
I will check further with backtesting an EA.

Have a look at similar method at nanningbob thread.

Do you run with live account?
How long and What the profit average per month?
  • #17
  • Jan 28, 2009 9:00pm Jan 28, 2009 9:00pm
Quoting akukaya
Hi zamanib,

Interesting,
with bigger pips, it seems more safe.
I will check further with backtesting an EA.

Have a look at similar method at nanningbob thread.

Do you run with live account?
How long and What the profit average per month?
Yes I do trade live (I put my money where my mouth is) I do trade managed accounts)
Yes you can average 1200 pips a week On one pair . But I only trade one pair at any given time . You may have 3 currency pair with the correct set up but I will only trade one.
this week cad/usd give me 400 pips Week not finish yet.
eurocad 200 pips and euroaud 100 pips Total for the week so far 700
An Ea will be great I manualy back test it for one year (Gbp/usd) not spot out. Only thing that come close when there is a major news and I dont enter the market when there is news coming out I wait after the news.
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #18
  • Jan 29, 2009 5:01am Jan 29, 2009 5:01am
look at this
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PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
  • #19
  • Jan 29, 2009 5:13am Jan 29, 2009 5:13am
Hi Zamanib,

i looked at GU only and the system good!!

your 1 pip= dollar?

BTW how is your math regarding your risk of 260?

0.1 =risk SL is 100
0.2 =risk SL is 200
0.4 =risk SL is 400
0.8 =risk SL is 800
1.6 =risk SL is 1600

if 1 pip=1 dollar
up to 5 level, risk loss = 3100 dollar

if 1 pip=1 cent
up to 5 level, risk loss = 31 dollar

am i correct?
what is your account leverage?
  • #20
  • Jan 29, 2009 5:47am Jan 29, 2009 5:47am
Quoting akukaya
Hi Zamanib,

i looked at GU only and the system good!!

your 1 pip= dollar?

BTW how is your math regarding your risk of 260?

0.1 =risk SL is 100
0.2 =risk SL is 200
0.4 =risk SL is 400
0.8 =risk SL is 800
1.6 =risk SL is 1600

if 1 pip=1 dollar
up to 5 level, risk loss = 3100 dollar

if 1 pip=1 cent
up to 5 level, risk loss = 31 dollar

am i correct?
what is your account leverage?
Yes 10 cents per pips micro lots my stop is on the 5 level so the last entry will be 8 lots not 16
But the condition must me meet before we enter the trade
the broad conditoin is to sell the previous week high and buy the previous week low
PROFITABLE TRADERS ARE NOT LUCKY BUT ARE WELL PREPARED
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