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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #161,841
  • Feb 23, 2009 1:16pm Feb 23, 2009 1:16pm
Quoting malcolmb14
draw down is not ones lost ... they could be drawn down 2000 pips then end up profitable

No..I understand that. I just don't recall having such a large draw down.
  • #161,842
  • Feb 23, 2009 1:18pm Feb 23, 2009 1:18pm
First we had a move to 61.8 on weekly fib expansion, and now a retrace to monthly resistance turned support 136.67.

if 136.67 continues to hold as support, expect a move to 141.53 monthly fib level in stages of swings.

In case 136.6 holds out, I will be buying the dips on 30 min and selling the tops.
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  • #161,843
  • Feb 23, 2009 1:29pm Feb 23, 2009 1:29pm
Quoting bigcoupe
Hello there Lion ;-)

I was wondering how profitable it is to be a signal provider at Zulu? I am intrigued to say the least. especially if I can get 50 people under me.

Brian
depending on number of real accounts and the number of trades you close in a day.

i have 47 standard account and rest in mini accounts, so that is $4 per standard lot and $0.54 in minilot users

per closed trade.

do the math.
  • #161,844
  • Feb 23, 2009 1:34pm Feb 23, 2009 1:34pm
Quoting forexlion
wrong

look for "IndianLion" with 51 live account users.

nice ...but one question how comes 11709 pips to date but 11200 pips draw down ? In your system do you not use stop loses ? That is ok in these ranging conditions .. but in the old days of market tankage that would wipe out an account
Blogging daily now at www.volume.zone
  • #161,845
  • Feb 23, 2009 1:37pm Feb 23, 2009 1:37pm
residual income from the pyramid sounds great BUT like any pyramid it implodes. Unless a maximum under your tree gets hit and you reenter at the bottom for a fresh cycle again.
"Millionaires don't use astrology, billionaires do"
  • #161,846
  • Feb 23, 2009 1:38pm Feb 23, 2009 1:38pm
Quoting malcolmb14
nice ...but one question how comes 11709 pips to date but 11200 pips draw down ? In your system do you not use stop loses ? That is ok in these ranging conditions .. but in the old days of market tankage that would wipe out an account
add up the low values of all the trades taken till date, that is how the maximum drawdown is calculated in zulu

even i was stumped when i saw how it worked

suppose u take 10 trades and you had a drawdown of 20 pips in each trade before closing at a profit of 100 pips each, your maximum drawdown is 20 x `10 = 200 pips

the drawdown of each single trade is added up to get that value.

suppose i took a trade and the spread was 8

my very starting drawdown is -8

for 500 trades closed, just the spread is 500x8 = 4000 pips drawdown.

now this is something i found crazy here, they simply demand performance from you.

its a cat and mouse game keeping yourself from being tagged as a risky provider.

a risky provider has the least chances of adding new clients.
  • #161,847
  • Feb 23, 2009 1:40pm Feb 23, 2009 1:40pm
Quoting forexlion
add up the low values of all the trades taken till date, that is how the maximum drawdown is calculated in zulu

even i was stumped when i saw how it worked

suppose u take 10 trades and you had a drawdown of 20 pips in each trade before closing at a profit of 100 pips each, your maximum drawdown is 20 x `10 = 200 pips

the drawdown of each single trade is added up to get that value.

thanks .. now i get it..makes sense ....
Blogging daily now at www.volume.zone
  • #161,848
  • Feb 23, 2009 1:43pm Feb 23, 2009 1:43pm
another asian rally coming on not this 4hr bar but the 2nd from now it will begin again
"Millionaires don't use astrology, billionaires do"
  • #161,849
  • Feb 23, 2009 1:48pm Feb 23, 2009 1:48pm
Quoting malcolmb14
thanks .. now i get it..makes sense ....
if you can then click on the id Punjabisher thats my second id there

now see the max drawdown figure on that and try to reason out from the trading history on what could logically define that value, where none of the trades has a drawdown more than 15 pips and still the max drawdown says 467 pips

either perform or die.
  • #161,850
  • Feb 23, 2009 1:53pm Feb 23, 2009 1:53pm
Quoting bigcoupe

Any advise on how to find clients?

Brian
avoid getting the tag of risky provider, clients will come automatically.

and for god's sake avoid advertising your referral id, just concentrate on giving good performance.
  • #161,851
  • Feb 23, 2009 1:56pm Feb 23, 2009 1:56pm
Quoting malcolmb14
thanks .. now i get it..makes sense ....
i mean even if it is just demo, you have to trade as if you are trading a live account and you literally have to show performance.
  • #161,852
  • Feb 23, 2009 2:01pm Feb 23, 2009 2:01pm
Quoting forexlion
i mean even if it is just demo, you have to trade as if you are trading a live account and you literally have to show performance.

but much easier to trade demo as there is no risk.. i can quadruple a demo account in a day. I am lucky to get 3% on my live account
Blogging daily now at www.volume.zone
  • #161,853
  • Feb 23, 2009 2:04pm Feb 23, 2009 2:04pm
if this support holds then we could be seeing 141.53, if it breaks then down all the way to 132.85

90% chances are that the support will hold.

lets pray to the 300,000 indian gods and goddesses
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  • #161,854
  • Feb 23, 2009 2:05pm Feb 23, 2009 2:05pm
Quoting malcolmb14
but much easier to trade demo as there is no risk.. i can quadruple a demo account in a day. I am lucky to get 3% on my live account
make a zulu id, and lets see how you trade take it as a challenge or a game, your choice.

all those who wish to see malcolmb on zulu please vote for this post.
  • #161,855
  • Feb 23, 2009 2:25pm Feb 23, 2009 2:25pm
Quoting forexlion
make a zulu id, and lets see how you trade take it as a challenge or a game, your choice.

all those who wish to see malcolmb on zulu please vote for this post.

not sure how zulu works .... or how signals work . But why trade over there in this market when i get silly low spreads and have to grow my own account. Why distract in to something that distracts form making money?

If somehow it can be attached with my regular account then that would be great.

I did not trade that much today..just enough to make my bag of rice for the day
Blogging daily now at www.volume.zone
  • #161,856
  • Feb 23, 2009 2:37pm Feb 23, 2009 2:37pm
Q,

Who did you end up going with? I just realized I had a small amount of money in an old FXDD account. i keep trying to enter trades but it gives me an "Off Quotes" error.
  • #161,857
  • Feb 23, 2009 2:38pm Feb 23, 2009 2:38pm
Quoting forexlion
make a zulu id, and lets see how you trade take it as a challenge or a game, your choice.

all those who wish to see malcolmb on zulu please vote for this post.
I would love to take malcolmbs trades. And I bet the noobs would be all over it!
  • #161,858
  • Feb 23, 2009 2:43pm Feb 23, 2009 2:43pm
Quoting PipChick
I would love to take malcolmbs trades. And I bet the noobs would be all over it!
malcolmb will never join zulu, he won't be able to justify the performance requirements of zulu.

but if he does join then think how many people will benefit from his signals.

if everyone here pushes him, he might join, so lets keep trying.
  • #161,859
  • Feb 23, 2009 2:50pm Feb 23, 2009 2:50pm
I would like to see as many as the regulars on it as possible.

What better way to prove your trading proficiency?

B
  • #161,860
  • Feb 23, 2009 2:52pm Feb 23, 2009 2:52pm
Quoting bigcoupe
I would like to see as many as the regulars on it as possible.

What better way to prove your trading proficiency?

B
yep, i vote for it.

we want to see malcolmb on zulu, lets see his trades.
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