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  • #4,741
  • Nov 29, 2010 7:28am Nov 29, 2010 7:28am
Good job everyone! Tony are you still in? How did you determine your 270 tp? Damn I should have been in. I figured since you just had an epic win I would wait for a few weeks (since it only happens a few times a year) I give up. What you said was very motivational because it's so true! Even though you showed all these people how to make money no one listenend. They kept doing there own thing.

Very motivational thanks man!

Joe
  • #4,742
  • Nov 29, 2010 9:04am Nov 29, 2010 9:04am
just woke up with a FLAWLESS VICTORY EPIC WIN banking a STAGGERING 208 PIPS
i WILL be very busy this monday..... looking for my new discoball image!!!!
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  • #4,743
  • Nov 29, 2010 9:18am Nov 29, 2010 9:18am
Quoting beehivesjoe
Good job everyone! Tony are you still in? How did you determine your 270 tp? Damn I should have been in. I figured since you just had an epic win I would wait for a few weeks (since it only happens a few times a year) I give up. What you said was very motivational because it's so true! Even though you showed all these people how to make money no one listenend. They kept doing there own thing.

Very motivational thanks man!

Joe

this is from me;

"Never underestimate the occurrence frequency of repetitive events consecutively ." Tony112, 2010
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  • #4,744
  • Nov 29, 2010 9:23am Nov 29, 2010 9:23am
The trade from 11/22 would still be in now for almost 600 pips.
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  • #4,745
  • Nov 29, 2010 9:36am Nov 29, 2010 9:36am
Quoting jmag
The trade from 11/22 would still be in now for almost 600 pips.

yep, for a 333% profit lol
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  • #4,746
  • Nov 29, 2010 9:37am Nov 29, 2010 9:37am
Quoting jmag
The trade from 11/22 would still be in now for almost 600 pips.

That's insane, I don't know how would you have held it that long though? Monitor it from the 3 hour.. or what?
  • #4,747
  • Nov 29, 2010 9:37am Nov 29, 2010 9:37am
my account balance looks strange today, it's not my bank account balance
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  • #4,748
  • Nov 29, 2010 9:39am Nov 29, 2010 9:39am
Quoting Tony112
my account balance looks strange today, it's not my bank account balance

Hey Tony, I'm just curious. How much did you start trading with when you first started this strat? How much is it up to now? (I think that would help some people stay motivated lol! ) I guess it wouldn't be that accurate though because you take a lot out for your living expenses don't u..
  • #4,749
  • Nov 29, 2010 9:44am Nov 29, 2010 9:44am
Quoting beehivesjoe
Hey Tony, I'm just curious. How much did you start trading with when you first started this strat? How much is it up to now? (I think that would help some people stay motivated lol! ) I guess it wouldn't be that accurate though because you take a lot out for your living expenses don't u..

i'll have to come back to you with the right info.... there are a lot of things (bad) that you have to consider with me (living expenses, forex gambling, news trading, late trading, missing entries, trading drunk) and+ all of these influenced my balance which would now, according to me would be in the 2 Million (no joke) if I wouln't have acted like this.
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  • #4,750
  • Nov 29, 2010 9:52am Nov 29, 2010 9:52am
Although the 2 pip stop is a little tight,,,Tony,,, I have to give you credit for the preservation of capital theory until the inevitable big momentum trade takes effect,,,,,,,,,,,,Congrats.......
  • #4,751
  • Nov 29, 2010 9:58am Nov 29, 2010 9:58am
Quoting beehivesjoe
That's insane, I don't know how would you have held it that long though? Monitor it from the 3 hour.. or what?
Well, not to mess with a good idea that's working, but it crossed my mind to have two accounts for this, one for long and one for short, and stack these trades and let them run. Perhaps move stops with current trades.
  • #4,752
  • Nov 29, 2010 10:19am Nov 29, 2010 10:19am
I don't think you would make enough to cover all those positions because you would have -4 loss instead of -2.

I was thinking once you hit your 140 tp look at the 15 minute 200 moving average and if it's not to far away trail your stop behind the 200 moving as long as you have ur 140 locked in and then see where it takes you?

I'm not going to mess around with the strat, but if Tony figures something like that out he uses I'll look into it

My problem is I don't have very much money at all. I blew out all my savings with stock options. I'm trying to figure out how to make this work. Should i just keep putting as much money as I can from my check and keep building it up that way or should I trade something else that produces fast profits (like a trend strat) and build up 5 grand and then put it into oanda and trade this strat? ahhh
  • #4,753
  • Nov 29, 2010 10:21am Nov 29, 2010 10:21am
Actually that's a good question to you Tony.

If you had to start over with a 9.50 an hour job and you have NO money at all, but u have all the knowledge you do right now, what would you do? Would you trade your 5 second virus strat and build up a few grand and then trade this strat only, or would you just keep putting all your extra money into your Oanda account while only trading this strat slowly building your account..

Thanks a lot!
  • #4,754
  • Nov 29, 2010 10:51am Nov 29, 2010 10:51am
Quoting beehivesjoe
I don't think you would make enough to cover all those positions because you would have -4 loss instead of -2.
I think there wouldn't need to be a -4 loss because there would be the two account windows up at the same time, and then you could one-click enter the long account for long or the short account for short. The thing is though with two accounts we would only be able to leverage 1/2 as much because we are already on full throttle at Oanda.
  • #4,755
  • Nov 29, 2010 11:07am Nov 29, 2010 11:07am
Yeah I think that's starting to make it to dif. and then when you would get your winner it would be hard to cover all your losses with only half your account, I like 98 % all one way
  • #4,756
  • Nov 29, 2010 11:30am Nov 29, 2010 11:30am
Quoting Tony112
yep, for a 333% profit lol

Hi Tony I would like to know how do you calculate the 333% for the 600 pips move because if you trade with Oanda like me I can trade for example 99% of my account 1000$ will be 3777 units and if the market move 600 pips the account have grown by 226%, 2266$ and the account is now 3266$ not 333%...Explain please... thx Max
  • #4,757
  • Nov 29, 2010 12:32pm Nov 29, 2010 12:32pm
Quoting maximus2005
Hi Tony I would like to know how do you calculate the 333% for the 600 pips move because if you trade with Oanda like me I can trade for example 99% of my account 1000$ will be 3777 units and if the market move 600 pips the account have grown by 226%, 2266$ and the account is now 3266$ not 333%...Explain please... thx Max

-to trade 3777 units, the margin required is 100$ on a 1:50 leverage
-1 pip = 0.38$ in this case
-600 pips = 228$
-228+100(initial balance) = 328$
-328 divided by 100(initial balance) = 3.28 or 328% which approaches 333%
-it represents 333% growth

please redo your calculation
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  • #4,758
  • Nov 29, 2010 12:49pm Nov 29, 2010 12:49pm
Quoting beehivesjoe
Actually that's a good question to you Tony.

If you had to start over with a 9.50 an hour job and you have NO money at all, but u have all the knowledge you do right now, what would you do? Would you trade your 5 second virus strat and build up a few grand and then trade this strat only, or would you just keep putting all your extra money into your Oanda account while only trading this strat slowly building your account..

Thanks a lot!

i would trade the opens only and would be able to quit by the end of the second year, even if I had to start all over again.... I know the path of the maze... and I would trade only the opens because of the tight money management, pip restoring technique and capital preservations... + there are too many epic opens these days.... its amazing. By trading big 5 sec candles you can succeed to but newbies would fail because of poor money management and also TP below 100 pips! which is not right
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  • #4,759
  • Nov 29, 2010 12:54pm Nov 29, 2010 12:54pm
Quoting Tony112
-to trade 3777 units, the margin required is 100$ on a 1:50 leverage
-1 pip = 0.38$ in this case
-600 pips = 228$
-228+100(initial balance) = 328$
-328 divided by 100(initial balance) = 3.28 or 328% which approaches 333%
-it represents 333% growth

please redo your calculation

Ok Tony thx I did not know that you are counting the initial balance... Max
  • #4,760
  • Nov 29, 2010 8:01pm Nov 29, 2010 8:01pm
Tony, you the MAN! I think this is one of the most powerful strats and like you said, all you need is discipline to abide to the rules (money management) to quickly snowball your account. Not to deviate from what works and I'm sure everyone thought of this, but from your experience, what do you think applying it to other BO methods, like 1H bbsqueeeze, channels, triangles... or whatever you might have min 100 pips bursts, for ex trying multiple times on either side until it goes one way or another, then quickly move to SL to BE. Basically just time compress it and make money faster. Would you think of any other good ECN broker where I can load more leverage on this (for US citizens)? I'm planning to start with 1K at O first, imo you don't need more than that. Also, could you pls summarize what do you use for mobile trading?
Thanks a lot and godspeed with those 2 mils!
r u ready?
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