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Take my word for it - A Trading Journal

  • #181
  • Edited 10:03am Feb 21, 2009 9:26am | Edited 10:03am
Quoting WedWed
Hi wwwin

what is that instructions ?? can you kindly PM me that valueable instruction .. i like to win in forex

thanks in advance
The instructions are so short that we no longer send out and can be posted here, as follows:

1. Open a demo account. Read as many books on the subject as you can.
2. Practice different methods of trading to ascertain which fits your temperament.
3 After, and only after, you are consistently profitable in the demo, open a live account. Why would you want to throw money away. More pressure means less lucidness. If you can't do with less pressure, do you think that greed and fear will improve your profitability?
4. Trade small at the beginning, cause trading a live account, using the same methods as the demo, might produce different results.
5. Sometimes, other members on other threads offer live exhibtions of live trading. Watch carefully and you might see what I mean by trading live is much different than demo trading or of just thinking what you would do in a certain situation.
6. If you are making money, and increasing your trade size too much, one bad trade is gonna put you back in square one, unless you reduce your stops, and then your winning % will suffer.
7. There are no shortcuts or holy grail.
  • #182
  • Feb 21, 2009 10:20am Feb 21, 2009 10:20am
Quoting WedWed
Hi wwwin

what is that instructions ?? can you kindly PM me that valueable instruction .. i like to win in forex

thanks in advance

i have some instructions for you. stop trying to learn the 5-star rated method. i see you like to post in that thread.
  • #183
  • Edited 10:46am Feb 21, 2009 10:25am | Edited 10:46am
Quoting Jwentro
i have some instructions for you. stop trying to learn the 5-star rated method. i see you like to post in that thread.
LOL, good catch. You might win the Golden Glove Award. I should have known better, a noob with 437 posts. I don't think I am enough of a cynic. LOL. You are sending them to the wrong thread, is 4 now, not 5. With time, the market always finds it's equilibrium. I wonder how large the marketing dept. is? Hey, the non-farm payroll is gonna have an upward surprise this month.
  • #184
  • Feb 21, 2009 10:39am Feb 21, 2009 10:39am
Quoting wwwin
Weekend update:

1. I have received a PM from one of our trusted confidential informants, whose Identity of course we would never reveal. This member is also highly regarded in the FF community. We have been asked to take a look at the following thread http://www.forexfactory.com/showthread.php?t=141200?


I will handle the start of breaking down this thread right now
  • #185
  • Edited 12:26pm Feb 21, 2009 10:44am | Edited 12:26pm
Here's the first post to the thread, which obviously is the first thing most members read to immediately draw them in:


Hi guys thanks for reading in advance. I'll just cut to the chase.
Yesterdays pick was G/U Short at 1.4660 1.4650 (btw, sorry i didn't get this posted in advance. Forexfactory took a lot of time approving my new account.)

couldn't get his post in advance, with excuse.

Profit target was 50 pips for the first position and 100 pips for the second position. You could have set your stop loss for the second position at break even. I did not recomend this as there is not enough volume this week for a serious breakout. you should have pulled out of your second position at 100 pips profit.

both trades hit large profits. not impossible by any means, just a perfect ratio thus far.

Congradulations to Fuzion and Coscorp for taking my picks.

congratulating others for taking his picks. helps others feel they are also able to take these winning trades

Now that my new account is set up here, i'll post my picks well in advance from now on. Most of you who know me, know that my picks are the best out there.

best picks out there? lets watch this guy.

lets kick some tail this month!

UPDATE FOR JANUARY-- Re-cap. We had a nice break-ou to the north ealy in the month that provided some very nice profit. initially i thought th G/U would continue south after December's nice even slide to the 1.4550 level. Fortunatly the system I use caught the retracement up to the 1.5300 area of resistance.
I caught the continuance of the general down trend on the 12th. --Lets face it the writting was on the wall
And long story short.... I caught the next retracement for a small profit on the 16th and so on and so on.

the total for January was an easy 950 PIPS!

950 pips. there it is. massive pip numbers thus far.



Jump on board! I have started an e-mail list of poeple taking my picks. some people have their e-mail forwarded to their cell phones which seems to be pretty handy. We can also talk on Skype. We have a pretty good group going.


jump on board! i will only email my picks??? lol it sounds like a paid service in the making.


Private message me and I'll put you on the list!
  • #186
  • Feb 21, 2009 10:47am Feb 21, 2009 10:47am
Good Question. My broker called me not long ago and wanted to know who I am and what strategy I use. Of course this is very unusual and something smelled fishy. They offered me a job. LOL. I am not a fan of brokers in general and to make matters worse i have learned that MY broker is notorious for stop hunting, requoting, poor execution and all the other crap that you've heard about. I would rather put my picks on a board and share with the average trader. Rather than share ANYTHING with my broker. Besides, I have the time and energy, so why not help others. You could say i'm a little bored too. my wife sleeps while I trade.
So why not switch brokers? Because I am a consevative trader and my broker knows better than to trade against me. I'll bet there's some guy with a red light that lights up on his computer at my broker whenever i pull the trigger.


his broker offered him a job? that he turned down? the kid can barely spell... he probably should have taken it.

he would rather trade with average members than actually be on a trading floor... yeah that sounds about right.

also, he says he broker sucks, but the refuses to change since "the broker knows better than to trade against (him)", lol

also, making the statement that his broker specifically has someone watching his account is a bit ridiculous
  • #187
  • Feb 21, 2009 10:48am Feb 21, 2009 10:48am
Quoting Jwentro
jump on board! i will only email my picks??? lol it sounds like a paid service in the making. Private message me and I'll put you on the list!
AMBER ALERT.
  • #188
  • Feb 21, 2009 10:57am Feb 21, 2009 10:57am
Quoting Jwentro
i have some instructions for you. stop trying to learn the 5-star rated method. i see you like to post in that thread.
Got it, that explains the large amount PMs that I got asking for instructions. Their staff has been working overtime.
BUY USD vs. all currencies... The labor market is tightening up and the unemployment rate is coming down!!!!!
  • #189
  • Feb 21, 2009 11:00am Feb 21, 2009 11:00am
Quoting Jwentro
[i]Good Question. My broker called me not long ago and wanted to know who I am and what strategy I use. Of course this is very unusual and something smelled fishy. They offered me a job. LOL. I am not a fan of brokers in general and to make matters worse i have learned that MY broker is notorious for stop hunting, requoting, poor execution and all the other crap that you've heard about. I would rather put my picks on a board and share with the average trader. Rather than share ANYTHING with my broker. Besides, I have the time and energy, so why...
BUSTED. Too easy, that was only a one man or woman operation.
  • #190
  • Feb 21, 2009 11:53am Feb 21, 2009 11:53am
Quoting Jwentro
i have some instructions for you. stop trying to learn the 5-star rated method. i see you like to post in that thread.

aha!! i got it now .. you want me stop posting in that thread ...

congratulation !! you have good heart
Never sell @ lower upward channel unless breacked and vise versa .
  • #191
  • Feb 21, 2009 11:59am Feb 21, 2009 11:59am
Quoting wwwin
The instructions are so short that we no longer send out and can be posted here, as follows:

1. Open a demo account. Read as many books on the subject as you can.
2. ................ 3 4 5
6. If you are making money, and increasing your trade size too much, one bad trade is gonna put you back in square one, unless you reduce your stops, and then your winning % will suffer.
7. There are no shortcuts or holy grail.,...

thanx too much ..
even if nothing new from what u list .. unless no.6 and 7 are good to remambering many times ..
Never sell @ lower upward channel unless breacked and vise versa .
  • #192
  • Feb 21, 2009 3:10pm Feb 21, 2009 3:10pm
Quoting Jwentro
Front page changed.


It was definitely talk about nationalizing the bank "short term" I'm sure there were a lot of members who lost their entire accounts today through a margin call. Additionally I wonder how many more hit their SL's


a 200 pip gain in 40 minutes with no retrace is a bit insane.

Socialism here we come.
Maybe not so fast. Here is one guy who would rather have his bank fail than to take a pay cut in order to obtain additional government funds. We shall see what Geithner has to say.
http://www.bloomberg.com/apps/news?p...uIw&refer=home

But like we like to say...we shall see how this all plays out next week. This nationalization talk might provide further volatility. Maybe scalpers heaven next week... he?
  • #193
  • Feb 21, 2009 4:25pm Feb 21, 2009 4:25pm
Quoting wwwin
Weekend update:

2. Because we like to be fair, I would like to admit that we may have misunderstood the requirement that the live show needed to accomodate at least 500 viewers. Crossover dreams have been realized by the current object of our affection. We understimated his and his allies' marketing ability. The exhibition will be be watched by spanish speaking only audiences as well. http://www.forex.es/shakesfx-system-t916-40.html
Hi wwwin,

It's a shame you bring in to a conclusion without fully reading and understanding what it's said in the page you paste, at first, there are only 3 or 4 guys (not so much, that speaks of the unefficient marketing ability or totally unexistent marketing there) trying to figure it out if the thread you're talking about is true or not (but with a more open minded position), they are waiting to see the "exhibition" before taking any position (as you was at the begining too).

I hope you can read all the post and then you can see than even at the first 2 or 3 pages there are a lot of guys talking against the post (and even some other guy trying to sell another set of indicators previous disqualification of the one you are talking about) maybe gigi, can help you before jumping in to conclusions. In fact, all the guys there are following FF (not only that thread) and even posting documents in english (directed NOT to spanish speaking only audiences)

Hope you can fully understand what it's going on there (the thread there is more likely as yours than as the other one) and also that not all the spanish people can only understand spanish as well, a lot of the people (most of) in forex that speaks spanish also can understand and comunicate in english (sometimes not as well as it should be, as myself, hope it's not a problem for you).
  • #194
  • Edited Feb 22, 2009 2:12am Feb 21, 2009 4:37pm | Edited Feb 22, 2009 2:12am
Hi all...


Yes I have taken a quick look at the DenverTrader thread in the Rookies section...

My first question would be....why have the mod's left it in there as it does not seem to be providing any real information and is asking people (newbies) to give there email and joining a chat....

There is plenty of similarities to another on this forum....strange how that happens....and that thread has been going since December..

results of the trading...well I will need to have a better read...but at first glance......yeah right...would be my comment...lol
  • #195
  • Feb 21, 2009 5:03pm Feb 21, 2009 5:03pm
Quoting edumir
Hi wwwin,

It's a shame you bring in to a conclusion without fully reading and understanding what it's said in the page you paste, at first, there are only 3 or 4 guys (not so much, that speaks of the unefficient marketing ability or totally unexistent marketing there) trying to figure it out if the thread you're talking about is true or not (but with a more open minded position), they are waiting to see the "exhibition" before taking any position (as you was at the begining too).

I hope you can read all the post and then you can see than...

listen, i have absolutely no idea what you're trying to say. but i like the fact 3 out of your 4 posts are on shakes thread.

interesting to say the least.
  • #196
  • Edited 8:44pm Feb 21, 2009 5:53pm | Edited 8:44pm
Im interested to know what the hell shakes is supposed to be teaching the people in his thread. Reminds me a lot of the way Linuxtroll conducts his business.
____________
rules:

- no indicators
- no EA
- no candlesticks/bars
- observe pure price in fluctuation at keylevels
- open 2 positions with same amount and same stoploss
- close 1 position after you hit first TP and let position 2 run its way (option here: you can collect some extra pips by closing at 20-30-40 but depends what you want)
- after x number of loosing in a row quit trading
- not more then 30 trades a day (depends on your stamina) (not overtrading)
- no pip counting before the trading day is over
- try to stay in the flow, otherwise sit back relax an wait for opportunity
- don't over gear your sizes (risk)
- if you miss the NOW moment, wait for the next, there are plenty of trades each day (added by JDT777)
__________

It doesnt realy seem that shakes has a method tbh. Its all 'feeling', and you cant teach 'feeling' or 'how to feel' to another person.
Living the adventure in my head.
  • #197
  • Feb 21, 2009 7:11pm Feb 21, 2009 7:11pm
hi all.


As Shakes is going to do his live thing I am prepared to hold a while....


BUT.....there does seem to have been some changes to his method....All posted by the guy himself....no opinion by me at all..

First ..the first post says that....ranges and trends do not effect his method of trading...BUt earlier last week he claimed he was not trading because of the range the price was in during the previous trading days....SO now prior price action is taken into account..IT's not all about the price NOW.

Second....his first post says he uses only the Black line chart.....BUT now he will be trading using the Tick chart...not just the price Tickers as told on that first post....this Tick chart provides much move information about prior levels than does the Line chart..

There would be more...but these are changes that would effect your trading.
  • #198
  • Edited 8:16pm Feb 21, 2009 7:20pm | Edited 8:16pm
Quoting Angler
Hi all...


Yes I have taken a quick look at the DeverTrader thread in the Rookies section...

My first question would be....why have the mod's left it in there as it does not seem to be providing any real information and is asking people (newbies) to give there email and joining a chat....

There is plenty of similarities to another on this forum....strange how that happens....and that thread has been going since December..

results of the trading...well I will need to have a better read...but at first glance......yeah right...would be my...
I don't want to bother the mods, they probably have enough to do already. We can deal with here ourselves.
  • #199
  • Feb 21, 2009 7:28pm Feb 21, 2009 7:28pm
Quoting edumir
Hi wwwin,

It's a shame you bring in to a conclusion without fully reading and understanding what it's said in the page you paste, at first, there are only 3 or 4 guys (not so much, that speaks of the unefficient marketing ability or totally unexistent marketing there) trying to figure it out if the thread you're talking about is true or not (but with a more open minded position), they are waiting to see the "exhibition" before taking any position (as you was at the begining too).

I hope you can read all the post and then you can see than even...
Hi, welcome and thank you for visiting this thread. Your comments are always welcome and will be given due consideration. I would like you to know that my native language is Spanish and that I understood every single word on that page. Therefore, there is no need for you to attempt to translate it, perhaps the translation is the problem. I am having quite a hard time trying to decipher what it is that you are stating in your post. Could you please repost and read the post before submitting it so that I can make an attempt at answering it. Thanks again, and you don't know how happy I am that you have taken the time to comment. Muchas Gracias Amigo, quiero que sepas que tu siempre estas bienbenido en este hilo. Hasta luego. Tu amigo, wwwin.
  • #200
  • Feb 21, 2009 7:40pm Feb 21, 2009 7:40pm
Quoting Angler
hi all.


As Shakes is going to do his live thing I am prepared to hold a while....


BUT.....there does seem to have been some changes to his method....All posted by the guy himself....no opinion by me at all..

First ..the first post says that....ranges and trends do not effect his method of trading...BUt earlier last week he claimed he was not trading because of the range the price was in during the previous trading days....SO now prior price action is taken into account..IT's not all about the price NOW.

Second....his first post says...
The only thing that I would add is that Shakes has recently stated that he usually trades in seconds, but that for the exhibtion he will slow it down so that everybody can see what he is doing. I am concerned that doing that would change the way he trades and thus he might not be able to attain results comparable to prior 30 days' average.
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