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  • #6,541
  • Aug 17, 2012 9:57am Aug 17, 2012 9:57am
Quoting coolshades
hi,

can anyone post the latest rules to this system? what is Tony trading to?

thks
Post #1 with a 400 pip take profit instead of 140 pips.
  • #6,542
  • Aug 18, 2012 7:35am Aug 18, 2012 7:35am
phew I finally finished this thread, I must say i am impressed with what tony has done ,I will be looking to start trading from next month ,i will use the remainder of this month to demo trade and get used to oanda software.I consider myself a newbie looking to make a little bit of cash by side doing my day job.

Tony I love your replies and disco ball and all lol...you come across to be a very nice person,your wife must be proud of you.Thank you ever so much for all all your help and support ,I hope i can make my first $100k using ur strategy.I know it i will be rough but with good MM an EPIC /ULTIMATE WIN is around the corner the cheer me up.

More EPIC WINS TO YOU ALL!
  • #6,543
  • Aug 18, 2012 5:37pm Aug 18, 2012 5:37pm
Quoting neziah
phew I finally finished this thread, I must say i am impressed with what tony has done ,I will be looking to start trading from next month ,i will use the remainder of this month to demo trade and get used to oanda software.I consider myself a newbie looking to make a little bit of cash by side doing my day job.

Tony I love your replies and disco ball and all lol...you come across to be a very nice person,your wife must be proud of you.Thank you ever so much for all all your help and support ,I hope i can make my first $100k using ur strategy.I...

Welcome to the dream. The only difference here is that, we make it become true. You were a long time coming, all the way back to 2007 when you joined, it's about time to enroll and roll! Good discipline.
Invest in alarm clocks
  • #6,544
  • Aug 19, 2012 8:06am Aug 19, 2012 8:06am
To confirm: Our stop loss is -2. When we take into account 0.9 for the spread, we are left with 1.1 pips of space to play.

Question for Tony and any others using this system:

Bearing in mind that the opening action happens in milli-seconds, how do you actively trail the Stop-Loss once open?

Do you trail the SL visually -- taking note of the high while subtracting a pip for stop loss. Is there enough time to drag the SL line and lock it in? I think not. Fast eye, fast brain, fast finger is needed.

For a newbie, it might be and idea to practice the fast entry/exit 100 times on a demo account before going live. Fast of finger is the key here.

Remember, key to the system is keeping losses tight. Over 100 trades, the difference between minus 3, minus 2 and minus 1 pips per trade spells the difference between loss and survival and prosperity.


Tim.
  • #6,545
  • Aug 19, 2012 11:56am Aug 19, 2012 11:56am
Tony, what do you mean that should avoid anything more than 0.9 pips spread? The min. spread I get from FXCM is 2.5 pips for EURUSD.

Advise pls.
  • #6,546
  • Aug 19, 2012 12:01pm Aug 19, 2012 12:01pm
switch broker.
  • #6,547
  • Aug 19, 2012 3:09pm Aug 19, 2012 3:09pm
Quoting hazel1919
To confirm: Our stop loss is -2. When we take into account 0.9 for the spread, we are left with 1.1 pips of space to play.

originally, my SL was 2 pip+ 0.9 pips spread, a total of of 2.9 pips risked.
nowadays, i trade with 1.5+0.9, a total of 2.4 risked

Question for Tony and any others using this system:

Bearing in mind that the opening action happens in milli-seconds, how do you actively trail the Stop-Loss once open?

Do you trail the SL visually -- taking note of the high while subtracting a pip for...
you're right, i suggest you start trailing the sl when you have reached 5 pips of pure profit...the system will win because of the high TP (400) and because of refunding management. The market is chaos, whether you trail after 2 pips of profit, 3, or 5 like I said, there will not be a day where it's the same. The winning behind this lies in strict stability and control of your account
Invest in alarm clocks
  • #6,548
  • Aug 19, 2012 3:13pm Aug 19, 2012 3:13pm
Quoting Walad100100
Tony, what do you mean that should avoid anything more than 0.9 pips spread? The min. spread I get from FXCM is 2.5 pips for EURUSD.

Advise pls.
2.5 is putting you in disadvantage... it's like going to the most expensive grocery store where you pay 100$ and have to go back the next day after cause your fridge is empty...
Invest in alarm clocks
  • #6,549
  • Aug 19, 2012 3:16pm Aug 19, 2012 3:16pm
during the next weeks coming I will be trading at the highest lots in my life... there's a lot of wind when you're on top of the hill and it's starting to move me a little bit. I've been acting kind of different lately and it's a bit scary... even with the car I recently got, yesterday I was pushing it to the limit like there's no tomorrow.. "don't try that" not to mention other things I've been doing..it's getting scary to be honest, might need help soon. I'm unable to have a normal life, I used to have a business in 2006 to help me push the green a little nowadays I have no patience for nothing... I keep on dumping lots like its the only way to gain salary. I wish I had something on the side too cause I'm scared to slip. I've recently put trades on NFP and others too. Like I said it looks got but also looks scary. I have to keep my state of mind tight and my feet on planet earth. Yesterday, it wasn't the case. Flying stars look bright but burn fast.
Invest in alarm clocks
  • #6,550
  • Aug 19, 2012 3:52pm Aug 19, 2012 3:52pm
Quoting Tony112
during the next weeks coming I will be trading at the highest lots in my life... there's a lot of wind when you're on top of the hill and it's starting to move me a little bit. I've been acting kind of different lately and it's a bit scary... even with the car I recently got, yesterday I was pushing it to the limit like there's no tomorrow.. "don't try that" not to mention other things I've been doing..it's getting scary to be honest, might need help soon. I'm unable to have a normal life, I used to have a business in 2006 to help me push the...
This is very good wisdom Tony, and I have wondered the same thing too, when I get to the level of trading a very large account, how will it feel? How will I feel on a daily basis, knowing that I have a huge amount of money in a trade? Will I be able to pull that trigger? And what will it be like to make that first withdraw of six-figure profit?
  • #6,551
  • Aug 19, 2012 5:46pm Aug 19, 2012 5:46pm
Quoting SmartGXL
This is very good wisdom Tony, and I have wondered the same thing too, when I get to the level of trading a very large account, how will it feel? How will I feel on a daily basis, knowing that I have a huge amount of money in a trade? Will I be able to pull that trigger? And what will it be like to make that first withdraw of six-figure profit?
All I can tell you is that with the system here, you will have one of the biggest peace of mind... the loss is only a few pips. Proportionality, when you'll be trading on a six digit account, your loss will be small too, compared to the totality of your account. Where it gets scary is when you're in the first days of trading after depositing unused funds into your forex account. The transactions are heavy and scary. As for the withdraw at the bank... the pleasure is for you to discover.
Invest in alarm clocks
  • #6,552
  • Aug 19, 2012 10:10pm Aug 19, 2012 10:10pm
Tony, who is your broker, if you don't mind asking? My question is inspired by the tight spread you are recommending.

I also appreciate recommending other brokers that you may know.
  • #6,553
  • Aug 20, 2012 12:54am Aug 20, 2012 12:54am
Quoting Walad100100
Tony, who is your broker, if you don't mind asking? My question is inspired by the tight spread you are recommending.

I also appreciate recommending other brokers that you may know.
Oanda
Invest in alarm clocks
  • #6,554
  • Aug 20, 2012 1:11am Aug 20, 2012 1:11am
Frankfurt open 0SL +12 FLOATING AWESOME lets see what happens at LO?
EPIC WIN?
  • #6,555
  • Aug 20, 2012 1:44am Aug 20, 2012 1:44am
Quoting neziah
Frankfurt open 0SL +12 FLOATING AWESOME lets see what happens at LO?
EPIC WIN?
Im up right now too, I saw the big breakout so far from the Frankfurt session, watching to see what happens here in about 16 minutes when London opens...
  • #6,556
  • Aug 20, 2012 7:04am Aug 20, 2012 7:04am
LO: BE
NYO: BE
  • #6,557
  • Aug 20, 2012 7:36am Aug 20, 2012 7:36am
Quoting SmartGXL
LO: BE
NYO: BE
Yep, me too - I had some horrible slippage last week (GOMarkets) but today was pretty good.
  • #6,558
  • Aug 21, 2012 7:01am Aug 21, 2012 7:01am
push buy euro now

BUY BUY BUY BUY EURO
Invest in alarm clocks
  • #6,559
  • Aug 21, 2012 7:08am Aug 21, 2012 7:08am
fail. that whas my biggest trade ever oh well
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Invest in alarm clocks
  • #6,560
  • Aug 21, 2012 7:24am Aug 21, 2012 7:24am
got stopped out at BE too
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