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Okay, did a another insurance company buy another couple hundred million EUR?? 23 replies

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From 1k to 1 million

  • #41
  • Jan 24, 2011 2:47am Jan 24, 2011 2:47am
Transactions from the last week:

http://fx-million.com/images/2011/tr...s_230111_1.png

http://fx-million.com/images/2011/tr...s_230111_2.png

http://fx-million.com/images/2011/tr...s_230111_3.png

Current account:

http://fx-million.com/images/2011/account_240111.png

http://fx-million.com/images/2011/op...ons_240111.png
  • #42
  • Jan 24, 2011 3:13am Jan 24, 2011 3:13am
Excellent Progress!

Quoting Xaron
Transactions from the last week:

http://fx-million.com/images/2011/tr...s_230111_1.png

http://fx-million.com/images/2011/tr...s_230111_2.png

http://fx-million.com/images/2011/tr...s_230111_3.png

Current account:

http://fx-million.com/images/2011/account_240111.png

http://fx-million.com/images/2011/op...ons_240111.png
Annoying Precision
  • #43
  • Jan 25, 2011 2:40pm Jan 25, 2011 2:40pm
Xaron,

I'm super happy to find this thread you started. As I told you before I read most of your posts and I just really really glad you started something like this! Wish you luck!!! (of course you don't need it anyway)

You are a true trader!
Keep this going, newbies like me really need this kind of motivation!!!

Thanks. And with lots of respect to you!
Adilius
  • #44
  • Jan 26, 2011 3:29pm Jan 26, 2011 3:29pm
I wish you all the best,

Euro might soon test 1.3800 as it is a 162% fib level (from last downtrend), if it makes it thorugh 1.3700 (it is hanging there right now^^)

it would also be great if you post an example of one of your trades,

Good Luck!
I found a penny today. That's +100 pips for me.
  • #45
  • Jan 26, 2011 4:52pm Jan 26, 2011 4:52pm
Dear Traders,

Oh boy, I have just finished reading the BWLIC book.. some 238 pages.
I bet I'm among those 1% who actually could have enough discipline to read the book to the last page... (and not fall asleep)

Anyway, one question arise. If you could Xaron, could you elaborate please your view on how to exit a lossing trade (stop loss)?
I see you have stops too..

I mean from the book it is of course obvious that Joe has to trade without stop loss if he is confident on the fundamental trend, and let the loosing trade to come back into the money so Joe can realize profits not loss...but when the trade is showing a huge loss which he cannot cope anymore he must realize that he had to decide before the trade on when and how to exit the trade, so now he can scale out, exit full position or even buy some more now at the obviously cheaper levels, again if he is confident in the fundamental trend and this is just a temporary retrace...

If I were that poor Joe I would really have that paradigm shift by now

But of course it won't come that easy unless I join the mentoring program that is mentioned about ahhh 14 times in the book right?

One last question please, to anyone who read the book.
What is the practical application of the book?

Thank you.

Kind Regards,
Adilius
  • #46
  • Jan 26, 2011 7:09pm Jan 26, 2011 7:09pm
Quoting Adilius07
Dear Traders,

Oh boy, I have just finished reading the BWLIC book.. some 238 pages.
I bet I'm among those 1% who actually could have enough discipline to read the book to the last page... (and not fall asleep)

Anyway, one question arise. If you could Xaron, could you elaborate please your view on how to exit a lossing trade (stop loss)?
I see you have stops too..

I mean from the book it is of course obvious that Joe has to trade without stop loss if he is confident on the fundamental trend, and let the loosing trade to come back into...
In relation to Forex, the assumption that the price is cheaper because you are in drawdown is irrelevant because unless you understand the entire implications and applications of a country's monetary and economical outlook without all the added hoopla that comes out in reports/statements then you are just wishing for price to return and by adding to those positions, averaging down, and in a sense overburdening your account because you couldnt admit you where wrong.

Sure there is low leverage 1:1,2:1 but that doesnt excuse putting yourself in huge drawdown, limiting your margin capabilities to better opportunitys just because you dont want to take losses and that 'the market will always return to point X if I can hold on for that long'. Alas though it may work for him and for others and who am I to say that it is wrong just because it doesnt suit me. Besides it has been a while since I read the book so I may have my judgement a little skewed.

RT
  • #47
  • Jan 27, 2011 12:29am Jan 27, 2011 12:29am
Hi Xaron,

I see you have several threads from X to X, you wanna have a record?

I wish you the best in 2011
  • #48
  • Jan 27, 2011 8:43am Jan 27, 2011 8:43am
Finished for the week.

http://fx-million.com/images/2011/account_270111.png

Will come back to the questions later...
  • #49
  • Jan 27, 2011 11:54am Jan 27, 2011 11:54am
Amazing performance!

Viel Glueck and Good Luck!
I found a penny today. That's +100 pips for me.
  • #50
  • Jan 27, 2011 12:44pm Jan 27, 2011 12:44pm
Forgot to ask: Does your broker change EURUSD spread to 10 during news like Oanda? I am with Oanda. I like that marketindex, executions seem to take less time, but right now the market is still, I will test it next week then. Can't find spread info on their page.
I found a penny today. That's +100 pips for me.
  • #51
  • Jan 27, 2011 5:30pm Jan 27, 2011 5:30pm
Good job keep working concentrated and you will achieve your target
consistency wins
  • #52
  • Jan 27, 2011 7:09pm Jan 27, 2011 7:09pm
Great job Xaron, no doubt about getting 1million if this performance is consistent. Do you mind to share what patterns do you normally prefer to trade?
  • #53
  • Jan 28, 2011 11:00am Jan 28, 2011 11:00am
keep up good work do not overtrade
do you choose the units by yourself or is it % of...?
actually u can even make it in 2-3 years starting with 100$ .. just smart increasing in units with a proper strategy..
  • #54
  • Jan 28, 2011 11:04am Jan 28, 2011 11:04am
Quoting Razor_trader
In relation to Forex, the assumption that the price is cheaper because you are in drawdown is irrelevant because unless you understand the entire implications and applications of a country's monetary and economical outlook without all the added hoopla that comes out in reports/statements then you are just wishing for price to return and by adding to those positions, averaging down, and in a sense overburdening your account because you couldnt admit you where wrong.

Sure there is low leverage 1:1,2:1 but that doesnt excuse putting yourself in huge...
Xaron does it somehow, and as we see pretty profitably. So my hope is to pick up as much hints as possible.. but honestly the book itself is really confusing and even discouraging to me...

But maybe I just don't understand something yet. So I hope this thread will continue and we will see the success and learn on the way too!
  • #55
  • Jan 29, 2011 2:37am Jan 29, 2011 2:37am
Quoting Adilius07
Xaron does it somehow, and as we see pretty profitably. So my hope is to pick up as much hints as possible.. but honestly the book itself is really confusing and even discouraging to me...

But maybe I just don't understand something yet. So I hope this thread will continue and we will see the success and learn on the way too!
Xaron has my respect because he puts everything on the table and shows it for what it is worth but lets remember the number of times the projects have lead to bust. There is always a beginning and an end, trading without SL's because you believe a market will hit here, even with low leverage and averaging loosing positions is a gamble that seldom pays off just as the martigalers find there system can only withstand so much. There needs to be a point where you own up to being wrong, take it with a pinch of salt and move on to the next trade. Just holding losses in the 'hope' that the market returns to give you a profit is playing with market fire.

I am a subscriber to this thread because I believe that Xaron has thrown the shackles of his high leverage/risk days which has cost him before. I am not a flamer, just an observer who has been trading for over 5 years but loves to see the little guy making progress. Is 1k to 1 million possible, absolutely, but the length cannot be shortened beyond what it needs to be. There are no shortcuts, they usually lead to account damnation.

Take care

RT
  • #56
  • Jan 29, 2011 12:06pm Jan 29, 2011 12:06pm
Quoting Razor_trader
Xaron has my respect because he puts everything on the table and shows it for what it is worth but lets remember the number of times the projects have lead to bust. There is always a beginning and an end, trading without SL's because you believe a market will hit here, even with low leverage and averaging loosing positions is a gamble that seldom pays off just as the martigalers find there system can only withstand so much. There needs to be a point where you own up to being wrong, take it with a pinch of salt and move on to the next trade. Just...
Let me second Razor and praise Xaron for the courage to come over and over again posting his trades.

99.9% of the traders here on FF will not do it because they are so afraid of losing their "experts aura".. and if you could look at their accounts you will see a sad picture .

Just as an example take a look at the big egos at the EUR/USD thread and you will notice a pattern. The bigger posters over there are the ones that when asked for advice only give you philosophic/subjective ways of trading. No plan no hard S/L no defined T/P and a uncertain strategy, thats all they have.

And they claim to make money with it........by the way did you guys ever noticed how many people get out at break even or in profit over there!! Man...all genius of FX are congregated at one place .

I was the first, if not the only one ( i guess) to warn Xaron about his way of trading and perspectives of gain. Im still not comfortable with it yet ( I would be happier if he had 1.004.63 on his account) because I know how things go.

We live in a world of cycles an be it in your life expectancy, natural events, or economics, all obey the "bell curve" principle, everything has a beginning, climax, and end. If the rise is too steep so will be the fall.

But it seems that the Xaron I'm seeing now is getting better...or should I say...less wild than the Xaron I first encounter here so I guess he is getting to the conclusion ( based in his past failures) that the old platypus was just trying to help.

Again I doubt that he will be able to keep this kind of profits for long but anyways I would like to congratulate him for being bold enough picking himself up starting again in a transparent way.
  • #57
  • Feb 1, 2011 10:42am Feb 1, 2011 10:42am
Transactions from the last week:

http://fx-million.com/images/2011/tr...s_300111_1.png

http://fx-million.com/images/2011/tr...s_300111_2.png

http://fx-million.com/images/2011/tr...s_300111_3.png

http://fx-million.com/images/2011/tr...s_300111_4.png

http://fx-million.com/images/2011/tr...s_300111_5.png
  • #58
  • Feb 1, 2011 10:42am Feb 1, 2011 10:42am
Current positioning:

http://fx-million.com/images/2011/account_010211.png

http://fx-million.com/images/2011/op...ons_010211.png
  • #59
  • Feb 1, 2011 10:43am Feb 1, 2011 10:43am
Thanks guys for your excellent and honest postings! I really appreciate them!
  • #60
  • Feb 1, 2011 10:53am Feb 1, 2011 10:53am
Quoting Xaron
Current positioning:

http://fx-million.com/images/2011/account_010211.png

http://fx-million.com/images/2011/op...ons_010211.png

Fantastic!

Xaron, when you have extra time... could you please sometimes post some charts with a few examples? A few words for why a trade was taken would be awesome too...
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