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converted from a retail to a wholesale client 28 replies

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Wholesale Grocery

  • #21
  • Aug 9, 2012 12:37am Aug 9, 2012 12:37am
Quoting minako
Sasco_me, thanks for your efforts. However, I agree with all the points of Niepce. I suppose we are trying to save you from yourself (of course you don't need saving.... yet)

When the account is filled with floating negatives, .01 adds up quickly + swaps. If you think "6" negative positions is your "stop making new orders" signal, as a human and if you are doing this with real money.... good luck!

Soon you will learn that there are smarter ways of doing FX, like:
1. there are optimal trading hours
2. there are news that you can...
Dear Minako,
Could you tell me your mentioned system (the 2 nd) the way you trade the News?
Thanks!
  • #22
  • Aug 9, 2012 12:40am Aug 9, 2012 12:40am
Quoting Sasco_me
This is micro account
0.1 lot by .1 dollars per pip
Hello sasco_me!

that is a cool all-green trading history, but can you let us see the terminal to see those running trades or better still instead of cutting the green part of the history, why not just save the history as report and post so we can see what the whole picture looks like.

thanks

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #23
  • Aug 9, 2012 12:42am Aug 9, 2012 12:42am
brijon part deux
  • #24
  • Aug 9, 2012 2:41am Aug 9, 2012 2:41am
Quoting Sasco_me
Hi Barbossa
thanks to your effort to test it
but how many order you let it in one direction
i use only five order in one direction and didn't enter till at least one from the five order hit TP
Basically the EA sets two pending orders on each qualifying bar (body at least 10 pips). Orders that didn't trigger until next candle are canceled. In the second run, triggered orders that didn't hit TP are closed on the open of the next candle as well.

I'll attach the EA when I get back home.

Best regards,
Barbossa
  • #25
  • Aug 9, 2012 4:12am Aug 9, 2012 4:12am
Quoting Kosomolate
Hello sasco_me!

that is a cool all-green trading history, but can you let us see the terminal to see those running trades or better still instead of cutting the green part of the history, why not just save the history as report and post so we can see what the whole picture looks like.

thanks

kos
This is report from day start trading this method although a lot of winner order i didn't catch it bcoz. i didn't have time and this live micro account is experimental only and i trade in another account as i said before using trend confirmation , my eyes , news and all tools needed for trading forex
Attached Image (click to enlarge)
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I'm not a programmer and i don't like ! , but only I try to catch my view !
  • #26
  • Aug 9, 2012 4:24am Aug 9, 2012 4:24am
Quoting minako
http://www.henryliuforex.com

i suggest to consider his retracement method only. if you have indicators that you have used for a long time and and very familiar with, use them in M5.

Sasco_me, i will delete this post in less than 24 hours in respect for your style. but posted it publicly hoping u may also find some use for it.

success in FX relies heavily on sound business plan (trading plan) and we cutloss when all conditions for cutloss are met just like any other business.

please trade smarter, not harder. at the...
Hi Minako
first of all how many people loss in forex market ?
only i try to increase the though in our mind that we can success in forex if we deal with it as grocery ( minimum risk (roughly physical) -and minimum profit if you need with a lot of number of orders or big profit with minimum number of order ) forex is equation between risk, profit ,number of order traded
so we must put this equation in our mind how can we do that ? from my opinion by increasing the though that forex like anything in our live ,i choose GROCERY or PHARMACIST as i'm Pharmacist
Thanks Minako
I'm not a programmer and i don't like ! , but only I try to catch my view !
  • #27
  • Edited 4:57am Aug 9, 2012 4:40am | Edited 4:57am
Quoting Sasco_me
Hi Minako
first of all how many people loss in forex market ?
only i try to increase the though in our mind that we can success in forex if we deal with it as grocery ( minimum risk (roughly physical) -and minimum profit if you need with a lot of number of orders or big profit with minimum number of order ) forex is equation between risk, profit ,number of order traded
so we must put this equation in our mind how can we do that ? from my opinion by increasing the though that forex like anything in our live ,i choose GROCERY or PHARMACIST as...
95% of all retailers in less than 6 months and will burn 4 more accounts in the course of less than 2 years.

And it's not your concept of "minimum risk" that enables one to put food on the table in this business. it's sound money management and no revenge trading.

FF was created so we can help each other out...I'm trying to do just that.

Let me point something more. Your signature says "Forex trading is very difficult work not a game so you must know all tools for this work that meet with your need."

Nope. If you have done due diligence in learning this business, you only need to understand the underlying principles and you make it your own, exercising discipline in each trade. If you will know everything it will cloud your judgement, then you will freeze in each opportunity coz one doesn't meet your criteria.

Everything else is noise. One of the basics is stoploss. In everything, we have personal thresholds (working with a team/individual/trade/family/raising kids/ relationships etc) that raises red flags when hit or almost hit. So that we can address them immediately before they become grave threats or problems.

Stoploss is a pre-emptive measure instead of fire fighting. Coz margin call is fire fighting. Those floating negatives will catch up with you faster than 6 months.

Nevertheless, if you have successfully operated, and still is operating, without stoploss in this business, well done! Hats off to you. But if one is in this business for so long, you can smell when something is terribly wrong, from a mile away.

I rest my case. Green pips to you!
Challenger
  • #28
  • Aug 9, 2012 5:03am Aug 9, 2012 5:03am
Quoting minako
95% of all retailers in less than 6 months and will burn 4 more accounts in the course of less than 2 years.

FF was created so we can help each other out...I'm trying to do just that.

Let me point something more. Your signature says "Forex trading is very difficult work not a game so you must know all tools for this work that meet with your need."

Nope. If you have done due diligence in learning this business, you only need to understand the underlying principles and you make it your own, exercising discipline in...
I didn't share a system which absolutely WINNER ( as there is no HOLY GRAIL ) we here in FF to improve our IDEA to negotiate till we reach to what we call success, rather than I SHARE BELIEF MUST ROOTED IN OUR MIND THAT FOREX MARKET NEED TO ADAPT THE EQUATION BETWEEN RISK, PROFIT AND NUMBER OF ORDERS THAT MEET THE MARKET AND YOUR NEED
I'm not a programmer and i don't like ! , but only I try to catch my view !
  • #29
  • Aug 9, 2012 5:49am Aug 9, 2012 5:49am
Quoting Sasco_me
I'll go to directly how can i apply this with minimum risk management as low as possible
Quoting Sasco_me
I trade against time and against margin i.e risk management is the only winner in forex market
Quoting Sasco_me
only i try to increase the though in our mind that we can success in forex if we deal with it as grocery ( minimum risk (roughly physical)
Quoting Sasco_me
FOREX MARKET NEED TO ADAPT THE EQUATION BETWEEN RISK, PROFIT AND NUMBER OF ORDERS
Hi Sasco_me.

I have been reading this thread a couple of times now but i still feel i am missing something important. There must be something i am missing somewhere but i just can not put my finger on it.
You make it sound like you have the risk under control and you use words like "minimum risk" and so on, and this is what makes me confused because as far as i can see you are doing the exact opposite. From my point of view it would be more correct to use words like "maximum risk". Or maybe even more correct "unlimited risk"
So what am i missing here please?
You are not using stop loss right? So how are you keeping the risk under control to make it "minimum risk" as you say?

It seems like a very simple and easy system to learn and to trade but for some strange reason i just don't get it. I can not see anywhere how you control the risk.

You say: "risk management is the only winner in forex market".
I agree 100% but again i have to say i can not find anywhere in your post how you "manage risk"
I am sure it is in your posts somewhere so if you point me to it i guess the light will turn on for me.
Any pointers please? Thanks.

Arctic4x
  • #30
  • Aug 9, 2012 7:50am Aug 9, 2012 7:50am
Quoting minako
http://www.henryliuforex.com

i suggest to consider his retracement method only. if you have indicators that you have used for a long time and and very familiar with, use them in M5.

Sasco_me, i will delete this post in less than 24 hours in respect for your style. but posted it publicly hoping u may also find some use for it.

success in FX relies heavily on sound business plan (trading plan) and we cutloss when all conditions for cutloss are met just like any other business.

please trade smarter, not harder. at the...
Many thanks!!
  • #31
  • Last Post: Jan 18, 2013 7:58pm Jan 18, 2013 7:58pm
Do you still trade this strategy? how about the growth of your account ? thanks for your information
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