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£2000 to £20000

  • #61
  • Oct 19, 2009 2:23am Oct 19, 2009 2:23am
Quoting kawser
Then he should not have any problem showing his P&L lines of his account........And about compounding, there are rare peoples who can make it consistently........I personally know a man who have made 59% in one month and in the next two months he lost all of his...........This same man earned 11.9% one day and at the end of day he lost every thing even from his capital............

Some how no hard feelings and I am not gonna make any post about this.........If direct-trade can show his P&L lines of his account then I shall take him seriously.........Otherwise...
This was predicted. Show me this, show me that etc. Next it would be "Show me your account statements", if shown then there would be something else.... "I still don't believe it etc"


How strange that this "experiment" has turned into just that. Let's face it. many of us make money in the market, but many don't. We need someone to take the opposite side of every one of our trades, wouldn't want to stop that or else there wouldn't be a market, would there?

The fact that some people were so quick to disbelieve that someone can turn 2k inot 20k is quite incredible and shows me exactly why this market is so easy to take money from the weak positions.

Anyway, as for P&L statements, would you really believe? No, you would then ask for more and more proof. I am not here to prove anything, nor am I your monkey to bring you anything you require.

If you don't believe it, good. If you do, good. Makes no difference to me.

I will give you an excuse not to believe by not posting what you want, that way you can go in peace thinking you are correct and thinking that I am misguided and you will be able to say "See! told you so!"

Anyway, back to trading and letting this thread dissappear again for the same reasons and posted a page or two ago...

Happy trades
  • #62
  • Oct 19, 2009 2:30am Oct 19, 2009 2:30am
to all the doubters out there. what DT has done is very much achievable, feasible and has been done by a rare few other traders on FF. i have mentioned mysticgenie ealier and imran sait too springs to mind. i know of a rare few on other trading threads too.

note that DT clearly mentioned he started off with a base capital he could afford to lose. I have not readt DT's journal end to end, but i suspect he also has another trading account that runs on moderate risk and which is his real trading system. that is the way the other few i have mentioned, have also traded.

at the end of the day DT doesnt have to prove anything to anyone, is not seeking validation or anything.

DT - good luck man. i will be following you. i am long behind you in the maturity/experience cycle but will hope to catch up soon.


ps: feel free to delete this if off track.
  • #63
  • Oct 19, 2009 3:12am Oct 19, 2009 3:12am
Quoting direct-trade
This was predicted. Show me this, show me that etc. Next it would be "Show me your account statements", if shown then there would be something else.... "I still don't believe it etc
DT,
Believe me.........This was also predicted.........Many words you will use to hide your P&L lines.........
Somehow drop the matter.............
Happy trading and no offense............
Regards
  • #64
  • Oct 19, 2009 5:17am Oct 19, 2009 5:17am
This morning's trade here: http://www.forexfactory.com/showpost...&postcount=168

SL to B/E at 16260, 1st target changed to 164, 2nd: 165, 3rd 166, 4th 167. 5th: Open.
  • #65
  • Oct 19, 2009 9:52am Oct 19, 2009 9:52am
Quoting direct-trade
This morning's trade here: http://www.forexfactory.com/showpost...&postcount=168

SL to B/E at 16260, 1st target changed to 164, 2nd: 165, 3rd 166, 4th 167. 5th: Open.
1st TP hit for +137.

http://www.forexfactory.com/showpost...&postcount=173
  • #66
  • Oct 19, 2009 11:37am Oct 19, 2009 11:37am
D-T,

could you explain how you arrived at the long position? in that attached chart, i could not glean much from that m1 chart

thks

quote=direct-trade;3158662]1st TP hit for +137.

http://www.forexfactory.com/showpost...&postcount=173[/quote]
  • #67
  • Oct 19, 2009 12:01pm Oct 19, 2009 12:01pm
Quoting coolshades
D-T,

could you explain how you arrived at the long position? in that attached chart, i could not glean much from that m1 chart

thks

quote=direct-trade;3158662]1st TP hit for +137.

http://www.forexfactory.com/showpost...&postcount=173
[/quote]

Hi,

Yes the chart doesnt show much as I am a tape reader. I have tried to condense what I see from the ticker into the 1 minute to give you an idea...but it is difficult to show. Anyway, I saw large selling being abruptly stopped and bought on the way to and through 16260, price jumping back and forth (measured in seconds/split seconds) can show what is happening before other traders have an idea...this method of trading means I do not normally have to wait for candles to form, I am already in.

I am normally looking for "Sly" accumulation/distribution...Sly to me means large buyers trying to enter the market without alerting others too quickly. Most larger orders are placed during the news events so as to hide them, but sometimes they can be seen when there is no news, such as today. If you look here:

Exits: http://www.forexfactory.com/showpost...&postcount=109

Chart: http://www.forexfactory.com/showpost...&postcount=112

...you can see a better example. The example in that chart shows my exit using the same methods and why I closed all shorts at +900 pips at 15720 on Cable whilst everyone else was Short...now we are 700 pips further North and many were cuaght on the wrong side of the market.

I saw the same type of senario here this morning, many short, but market indicating a rapid rise North, for now.
  • #68
  • Oct 19, 2009 12:18pm Oct 19, 2009 12:18pm
thanks DT. never came across tape reading used so successfully in forex.

live and learn every day.

keep up the good work. am following you.

btw, if you tape read, your broker must be giving you the info or you must be accessing such info elsewhere? not sure if oanda gives such info and if i am not wrong you are on oanda.



Hi,

Yes the chart doesnt show much as I am a tape reader. I have tried to condense what I see from the ticker into the 1 minute to give you an idea...but it is difficult to show. Anyway, I saw large selling being abruptly stopped and bought on the way to and through 16260, price jumping back and forth (measured in seconds/split seconds) can show what is happening before other traders have an idea...this method of trading means I do not normally have to wait for candles to form, I am already in.

I am normally looking for "Sly" accumulation/distribution...Sly to me means large buyers trying to enter the market without alerting others too quickly. Most larger orders are placed during the news events so as to hide them, but sometimes they can be seen when there is no news, such as today. If you look here:

Exits: http://www.forexfactory.com/showpost...&postcount=109

Chart: http://www.forexfactory.com/showpost...&postcount=112

...you can see a better example. The example in that chart shows my exit using the same methods and why I closed all shorts at +900 pips at 15720 on Cable whilst everyone else was Short...now we are 700 pips further North and many were cuaght on the wrong side of the market.

I saw the same type of senario here this morning, many short, but market indicating a rapid rise North, for now.[/quote]
  • #69
  • Oct 19, 2009 12:23pm Oct 19, 2009 12:23pm
Quoting coolshades
thanks DT. never came across tape reading used so successfully in forex.

live and learn every day.

keep up the good work. am following you.

btw, if you tape read, your broker must be giving you the info or you must be accessing such info elsewhere? not sure if oanda gives such info and if i am not wrong you are on oanda.
No extra info from broker, all in the price action.

I am using Oanda to increase the experimental trading account from £20,000 to £200,000 (and doing this through an independent 3rd party who will have access to my live trading history and account balances. I will post the link here over the next day or two, hopefully that will stop any questions from a few others about credibility.)

My MAIN accounts are through seperate brokers, but I am using Oanda for this experiment.
  • #70
  • Oct 19, 2009 12:35pm Oct 19, 2009 12:35pm
"hopefully that will stop any questions from a few others about credibility"

dont see a reason why you shd bother


Quoting direct-trade
No extra info from broker, all in the price action.

I am using Oanda to increase the experimental trading account from £20,000 to £200,000 (and doing this through an independent 3rd party who will have access to my live trading history and account balances. I will post the link here over the next day or two, hopefully that will stop any questions from a few others about credibility.)

My MAIN accounts are through seperate brokers, but I am using Oanda for this experiment.
  • #71
  • Edited Oct 20, 2009 4:45am Oct 19, 2009 12:38pm | Edited Oct 20, 2009 4:45am
Quoting coolshades
"hopefully that will stop any questions from a few others about credibility"

dont see a reason why you shd bother


I want to show that it is very possible to take money out of this market, besides, it is quite easy to allow an independent 3rd party server to collect my trading results from the broker each day and publish the results.

Happy trades
  • #72
  • Oct 20, 2009 4:44am Oct 20, 2009 4:44am
Continue to hold Longs from 16260, targets shown on chart.

SL at +50 (16310), 1st target already collected.

I suspect that a stop run well above 16450 area is a possibility, too many Short Stops within area shown on chart, ideal opportunity to take the shorts out, trigger long orders and then fall, therefore capturing the market.

I could be wrong, time will tell.
Attached Image (click to enlarge)
Click to Enlarge Name: 20-10-01.gif Size: 18 KB
  • #73
  • Oct 20, 2009 5:18am Oct 20, 2009 5:18am
Dt welldone my man! ...damnit very impressive and inspiring
  • #74
  • Oct 20, 2009 6:03am Oct 20, 2009 6:03am
Quoting direct-trade
Continue to hold Longs from 16260, targets shown on chart.

SL at +50 (16310), 1st target already collected.

I suspect that a stop run well above 16450 area is a possibility, too many Short Stops within area shown on chart, ideal opportunity to take the shorts out, trigger long orders and then fall, therefore capturing the market.

I could be wrong, time will tell.
Yeah well done also from me dt. Have been watching your trades for a while now and you have done very well, keep it up.
  • #75
  • Oct 20, 2009 7:23am Oct 20, 2009 7:23am
First of all the title was meant to be sarcastic. Second of all good job, its good to see someone hit their goals when all you really here about on FF is how this is impossible and anything more than 2% per month is the equivalent of buying a lottery ticket and winning the jackpot.
  • #76
  • Oct 20, 2009 7:49am Oct 20, 2009 7:49am
2-3%/month shd be possible for most experienced traders. DT has taken this to the stratosphere that's all.

i find it amusing that traders like dt get slagged. all of us on ff are here to make money. its capitalist greed that's driving us. and then along comes a trader or two who really make it, and what do we do? reminds me of crabs and a basket



Quoting endroute
First of all the title was meant to be sarcastic. Second of all good job, its good to see someone hit their goals when all you really here about on FF is how this is impossible and anything more than 2% per month is the equivalent of buying a lottery ticket and winning the jackpot.
  • #77
  • Oct 20, 2009 2:22pm Oct 20, 2009 2:22pm
Thankyou Coolshades, Navin, endroute, Hensby and whoever I have missed out by mistake for your very supportive posts, much appreciated.

I have decided to create a fxbook page which connects directly to the Oanda server to verify trading results. Next stage is £20k to £200k.

This thread is now closed and is continued here:

Direct-Trade £20k to £200k.

I look forward to seeing you there
  • #78
  • Last Post: Oct 20, 2009 2:58pm Oct 20, 2009 2:58pm
Quoting coolshades
2-3%/month shd be possible for most experienced traders. DT has taken this to the stratosphere that's all.

i find it amusing that traders like dt get slagged. all of us on ff are here to make money. its capitalist greed that's driving us. and then along comes a trader or two who really make it, and what do we do? reminds me of crabs and a basket

well if u can trade u can recognise DT has skills but what makes him the trader isnt the charts, its his head and he has proved it by doing this exercise..its that simple.

dont hate the player hate the game.

Dt thanks for doing this..its encouraging to know that one day i might have the skill to potential try something like that will take a few years thou if im lucky
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