1stECN! $16 to over $150k in less than 6 weeks! | Page 2 | Forex Factory

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1stECN! $16 to over $150k in less than 6 weeks!

  • #21
  • Apr 13, 2012 9:06am Apr 13, 2012 9:06am
I like trading the EURJPY because it offers more than the regular $1 per pip. or $10 for 100,000 units, it offer 1.2(+).

We meet on tuesday. I say Tuesday because liquidity are low on Monday's, and sometimes Monday's are set for holidays

bye bye.
Perfect Trading Core completed on 13/10/2012 : 2002-2012 |10yrs
  • #22
  • Apr 15, 2012 2:59am Apr 15, 2012 2:59am
Quoting 1stECN
I like trading the EURJPY because it offers more than the regular $1 per pip. or $10 for 100,000 units, it offer 1.2(+).

We meet on tuesday. I say Tuesday because liquidity are low on Monday's, and sometimes Monday's are set for holidays

bye bye.
people such as yourself have me coming back to FF
Come with me if you want to live....
  • #23
  • Apr 15, 2012 4:03am Apr 15, 2012 4:03am
I have just concluded another major update on my proprietary strategy that focuses strictly on fundamental analysis. This update will make me know when to trade and when not to trade. More like "Is the weather good enough for my private jet to take off?" question... If not, flight postponed!.

Honestly, this update will help me from blowing off the equity of a high leveraged account. Its important.
Perfect Trading Core completed on 13/10/2012 : 2002-2012 |10yrs
  • #24
  • Apr 15, 2012 5:38am Apr 15, 2012 5:38am
1stECN
can you share your calculation formula from 16 to 150k?
  • #25
  • Apr 15, 2012 7:17am Apr 15, 2012 7:17am
Quoting scalperlamer
1stECN
can you share your calculation formula from 16 to 150k?
divide $16 by 60 or 65; you will get 0.24 and so on.
Compound each amount for 6 weeks or 24 days because Mondays and NFP days are excluded. doing 1 trade a day.

An advantage is when trading mini lots with a micro lots provider. for example, divide 100 by 65, you get 1.53; for a broker that do micro lot, you can do 0.15 than just 0.1 alone for a firm that do just mini.

If you do it this way, your profit will grow massively since you're combining the mini and micro lots together if your strategy is good; But will crash massively if your strategy has flaws. So, you strategy has the final say.
Perfect Trading Core completed on 13/10/2012 : 2002-2012 |10yrs
  • #26
  • Apr 15, 2012 7:46am Apr 15, 2012 7:46am
90% isn't just a percentage.. it's a statistic..

Quoting 1stECN
I like trading the EURJPY because it offers more than the regular $1 per pip. or $10 for 100,000 units, it offer 1.2(+).

We meet on tuesday. I say Tuesday because liquidity are low on Monday's, and sometimes Monday's are set for holidays

bye bye.
if you like more bang for your buck... trade EURGBP which offers you $1.59 per pip on 10,000 units.
  • #27
  • Apr 15, 2012 11:57am Apr 15, 2012 11:57am
Quoting 4tiger
90% isn't just a percentage.. it's a statistic..



if you like more bang for your buck... trade EURGBP which offers you $1.59 per pip on 10,000 units.
EURGBP is less active after 12noon. My strategy works effectively when one currency in the pair extends to 5pm. I sustained a 70% drawdown trading a pair where both currency in the pair get less active after London close; 12:00 noon. It didn't extend to 5pm. I'm talking of GBPCHF. Like we all know, trading times matter too.
Perfect Trading Core completed on 13/10/2012 : 2002-2012 |10yrs
  • #28
  • Apr 15, 2012 1:21pm Apr 15, 2012 1:21pm
Quoting 1stECN
EURGBP is less active after 12noon. My strategy works effectively when one currency in the pair extends to 5pm. I sustained a 70% drawdown trading a pair where both currency in the pair get less active after London close; 12:00 noon. It didn't extend to 5pm. I'm talking of GBPCHF. Like we all know, trading times matter too.
losing 50 % - winning 100 % = breakeven.

this thread is bullshit.
And so is your imagination.
Hero calls followed by margin calls...
  • #29
  • Apr 15, 2012 3:08pm Apr 15, 2012 3:08pm
Quoting PhAnTi'
losing 50 % - winning 100 % = breakeven.

this thread is bullshit.
And so is your imagination.
I just looked @ your profile. Saw your age and experience in trading as 3years. No use replying your post like I have done others with same pessimistic view.
Perfect Trading Core completed on 13/10/2012 : 2002-2012 |10yrs
  • #30
  • Edited 12:23pm Apr 16, 2012 12:08pm | Edited 12:23pm
As the king of the Jungle does "Lion", they take advantage of a weaker prey!.

I just went long on AUDUSD as I saw it was weak. It should have gone up but it was deceived by some bears to go south (good job bears!). As a Lion try to misdirect their prey to move out from the crowd because of a stampede, they use this pure strategy to feed, survive in the jungle and to test the patience of new traders. i.e most traders wont be patient enough to wait for her rise.....

I just took advantage of it. I bought. Lets watch...
Perfect Trading Core completed on 13/10/2012 : 2002-2012 |10yrs
  • #31
  • Apr 16, 2012 2:33pm Apr 16, 2012 2:33pm
Quoting 1stECN
As the king of the Jungle does "Lion", they take advantage of a weaker prey!.

I just went long on AUDUSD as I saw it was weak. It should have gone up but it was deceived by some bears to go south (good job bears!). As a Lion try to misdirect their prey to move out from the crowd because of a stampede, they use this pure strategy to feed, survive in the jungle and to test the patience of new traders. i.e most traders wont be patient enough to wait for her rise.....

I just took advantage of it. I bought. Lets watch...
hey mate...

again, this aint a jungle or s.th similar... 16 $ to 0 $ .

baam
Hero calls followed by margin calls...
  • #32
  • Apr 16, 2012 5:12pm Apr 16, 2012 5:12pm
I just completed another major update that helps me trade on Monday's and NFP day's. This Way I can trade for the complete 5 business days in a week; than doing just 4 (Tues - Fri).

This drastically increase account profit because I can now do a complete 20 days instead of lesser. But would actually like to stay off during NFP because liquidity is low before the report. I could use it for my off day's.. cool
Perfect Trading Core completed on 13/10/2012 : 2002-2012 |10yrs
  • #33
  • Apr 16, 2012 8:04pm Apr 16, 2012 8:04pm
Quoting 1stECN
As a Lion try to misdirect their prey to move out from the crowd
turtles dude... turtles.
  • #34
  • Apr 16, 2012 8:25pm Apr 16, 2012 8:25pm
I am enjoying your journey, Good Luck!
  • #35
  • Apr 17, 2012 5:43am Apr 17, 2012 5:43am
Hello guys,

After I hit $16 this time, I will be transferring the amount to a new micro account with no history because I need a new/clean slate since its a journal to monitor my performance.
I have optimized my strategy in diverse ways! This is why I opened this journal. By the time i have no MAX DD on my history, I know I'm ready to go to the next Level. Trading with Banks without giving them free money. Heading to $16 soon this week.
Perfect Trading Core completed on 13/10/2012 : 2002-2012 |10yrs
  • #36
  • Apr 19, 2012 2:03pm Apr 19, 2012 2:03pm

I had no choice but to delete this journal. Displaying a journal to be publicly viewed helps no one. In fact, I realize most of the forum members are lesser than 30 years of age. No use, because they laugh about everything like a JACKAL

lol
Perfect Trading Core completed on 13/10/2012 : 2002-2012 |10yrs
  • #37
  • Apr 20, 2012 5:40am Apr 20, 2012 5:40am
You can delete this post later if you want. But please follow that link. I think you are in serious trouble ...

http://www.gamblingtherapy.org/en-GB/ListResources.aspx

All the best for you!
  • #38
  • Apr 20, 2012 11:00am Apr 20, 2012 11:00am
Quoting 1stECN
Guys, glad to be here with people of like minds. Though I'm very positive about trading; and dislike pessimistic people who don't believe one can achieve whatever one think they can achieve.
Let me apologize for the comments that I made, although I'm sure they didn't read too harshly.

I'm sure many people here aren't negative by nature and it was the goal of this thread that made people think "that's impossible". But you seem like you should know better than to think that a $16 account can amount to the sums you claim. It's like you're trying to fool people, and you must be a fool to think people will believe what you are trying to do.

Unless... nah. whatever.

Go take your $16 and rent Limitless!
  • #39
  • Apr 21, 2012 5:01pm Apr 21, 2012 5:01pm
Quoting 4tiger
Let me apologize for the comments that I made, although I'm sure they didn't read too harshly.

I'm sure many people here aren't negative by nature and it was the goal of this thread that made people think "that's impossible". But you seem like you should know better than to think that a $16 account can amount to the sums you claim. It's like you're trying to fool people, and you must be a fool to think people will believe what you are trying to do.

Unless... nah. whatever.

Go take your $16 and rent Limitless!
I've never seen it is it any good?

I don't think there is anything wrong with trading only $16...

Although with my US based broker, it isn't even possible to trade without $20 dollars... and if you did you would be using max leverage.

And if you manage to loose 70% with one trade, then you stop is too wide, regardless of the amount of leverage you use.

I'll admit that I can remember when I started trading, and I was using all of my leverage (1:50)... which is a stupid idea, but my largest single loss was still only ~10% of my account... of course the draw down after loosing a few trades in a row made it impossible to sustain... and I learned to only margin a fraction of my account. But if you don't limit your losses you will be screwed no matter how large or small your positions are.

That being said if you were using proper money management and still trading such a small account it probably wouldn't hurt to use more leverage than most people would... just keep it under 500 units.
  • #40
  • Apr 21, 2012 6:16pm Apr 21, 2012 6:16pm
there's nothing here move on
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