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  • #691,601
  • Sep 13, 2012 10:19am Sep 13, 2012 10:19am
Quoting Tom_D_Trader
StopGuessing, its not that I dont wish you luck. I wish you, although I dont know you, to be The One Boss who makes it out of those millions people who try and burn. Maybe you are genious, new Einstein.

What I am saying is: "Historia est magistra vitae."

So Good luck, you are seriously going to need it. Lots of it.

T
I have crashed many times in the past. Yet Einstein was quoted of saying ¨Insanity is doing the same thing over and over again and expecting different results.¨ So all I do now is continue to use the same high leverage, and entry system. Yet I withdraw at the close of MY trading schedule, and never lose more then 5 points per trade. I dont just enter at any given price. Works well for me, which is what is important.
He who guess is LOST!
  • #691,602
  • Sep 13, 2012 10:20am Sep 13, 2012 10:20am
Likely to see 15m tf closes between 11/12 and 05/06 before FOMC.

Outside that area is where direction is made.
They think they are smarter than I am.
  • #691,603
  • Sep 13, 2012 10:22am Sep 13, 2012 10:22am
Quoting StopGuessing
I can start with 7.00 dollars and end up withdrawing over 1k in a week. .
It doesn't matter how much money you keep in the account.

Given the way you trade, all the broker has to do is choose to freeze up the platform when you are in a trade, and you will be in DEBT.

Grabbing 2-3 pips over and over again without using a stop loss isn't a skill, it's playing Russian roulette.

A true genius would be insightful enough to realize this.
  • #691,604
  • Sep 13, 2012 10:24am Sep 13, 2012 10:24am
Quoting StopGuessing
Well I am pretty sure what I have withdrawn this week, you have yet to make in profit this entire month. No need for me to have 2k dollars in my account at any given time. I can start with 7.00 dollars and end up withdrawing over 1k in a week. Should I ever margin call, I can deposit 20 dollars, and start ALL over again. That is called money management with not having the tilt monkey bias gene which many of you possess. I am done for the day. Good luck to all.

why do you make such baseless allegations? you have no idea what I have made or otherwise?

you are being defensive but you should expect critic for what you are saying because it is unsustainable - and every good trader knows it

now either you do or don't know it -> see last sentence
  • #691,605
  • Sep 13, 2012 10:26am Sep 13, 2012 10:26am
added another long trade for EURO / USD
  • #691,606
  • Sep 13, 2012 10:26am Sep 13, 2012 10:26am
Quoting MaxDoom
lol your are welcome, but with your leveage and funding, you will get wiped NO trader can get all their trades right it just does not happen period. You will get a run of losses and at high leverage they will wipe your account I am not being mean, just stating facts

You are correct about that. Yet this is no ordinary trader. Recall the guy who mentioned about hedging before the news. Well what I do is use 2 accounts in order to send pending orders at my stop loss at 5. My lot size increases depending on the fib level I enter in at. We can play tennis and go back and forth with this. Yet the reality is YOUR form of trading is much more reckless, because you trade with bias. For no reason should anyone lose more then 5 points on any entry. 1M chart is the base for all other timeframes above it. So to concide in entering a position using anything other then 1m chart is pure GUESSING. I dont win 100% of times, yet I dont over trade, and I focus on specific entries. Something many of you dont do.
He who guess is LOST!
  • #691,607
  • Sep 13, 2012 10:27am Sep 13, 2012 10:27am
usually this is in a $20-40 million range not $40-$200 million

i don't really understand how the orderbook works, could someone more experienced explain it to me in a bit more detail?

I think that means there is $140 million in longs and $40 million in shorts within a few pips (how many pips i dont know) of the market price but I honestly have no clue how it works
Attached Image
Be hopeful in a winning position, and fearful in a losing position.
  • #691,608
  • Sep 13, 2012 10:29am Sep 13, 2012 10:29am
Quoting MaxDoom
why do you make such baseless allegations? you have no idea what I have made or otherwise?

you are being defensive but you should expect critic for what you are saying because it is unsustainable - and every good trader knows it

now either you do or don't know it -> see last sentence
This is now becoming a tennis match. Either prove your positions or remain bashing people who you could be helping. Proof is in the pudding, not in the words you deem as proof. As for being defensive, that is the only way to protect your P.O.V. just like the perfect defensive for high leverage trading is using, TRAIL STOPS, STOP LOSSES, MULTIPLE ACCOUNTS. ETC. Things you have yet to even dream about. Your bias trading wont even get you 30% profit at the end of the year. Yet 1.5 point profit is around 30% profit here.
He who guess is LOST!
  • #691,609
  • Sep 13, 2012 10:30am Sep 13, 2012 10:30am
Quoting StopGuessing
Well I am pretty sure what I have withdrawn this week, you have yet to make in profit this entire month. No need for me to have 2k dollars in my account at any given time. I can start with 7.00 dollars and end up withdrawing over 1k in a week. Should I ever margin call, I can deposit 20 dollars, and start ALL over again. That is called money management with not having the tilt monkey bias gene which many of you possess. I am done for the day. Good luck to all.
Your system may work for you, and that is what is important. My only question would be why don't you trade with a larger amount? If your system was allowing you such a great return-$7 into $1,000 in a week...why not take $700 and turn it into $100,000?
"The market can remain irrational longer than you can remain solvent"
  • #691,610
  • Sep 13, 2012 10:31am Sep 13, 2012 10:31am
Anyone,
trade as you wish. If you are going to present some system you are welcome. If you are going to show off and piss upon the forum you are not welcome. I won't show what I have traded and how much I have made. Those who shows off with numbers usually need BAILOUT and have poor personal qualities. If you know what I mean.
  • #691,611
  • Sep 13, 2012 10:32am Sep 13, 2012 10:32am
actually, i see things different from what people view of stopguessing, he can be acting like a snub the way he replies, but if anyone is actually paying close attention to how price moves, that's how scalping is done.

His ideology is not to be married to a trade, and not to be too emotionally attached to money management since the stop loss is minor.

1) Trend is your friend
2) Never married a trade
3) Keep losers small, ride the winners.

isn't this 3 rules the main thing in this Forex market?

While selling on eur/usd done by many retailers since the breakout from 1.2440, until the next from 1.2650, isn't it obvious that buy stop above former resistance.

1) Price enter and reach a support/resistance. it takes a good bounce -> that area can be wick/pin, there we normally view as bid/offer, support/resistance and it align with orderboard most of the time.
2) Price is likely to return to the same or almost near the same place where it bounces/reject, trader can enter on that area with a tight stop.
3) If the 3rd time price return to the area again, its likely to crack then to rebounce.

1.2935++ ytd visited. ->1
1.2930 visited again. ->2

If third time, i won't be surprise its shooting up again.

Rule 1, 2, 3.

We are in the market of bull run, its momentum trading, same for may, it was bear run, sell resistance on retrace- > resistance was supports turn resistance. Don't forget that previously we had the same bull run from 1.2625 in Jan low into 1.34.


Now we are on resistance turns support. Picking reversal is a danger.

ytd our asia high was 1.2881 area, that has turned into support, so u witnessed the bounce.

Now FOMC later, it can be the change of the tide or not.

Daily wick area, 1.2930++, sell from there tight stop.
Long from 1.2881 area, tight stop as well, see which one win .

goodluck to all.
  • #691,612
  • Sep 13, 2012 10:33am Sep 13, 2012 10:33am
Quoting kibescorp
It doesn't matter how much money you keep in the account.

Given the way you trade, all the broker has to do is choose to freeze up the platform when you are in a trade, and you will be in DEBT.

Grabbing 2-3 pips over and over again without using a stop loss isn't a skill, it's playing Russian roulette.

A true genius would be insightful enough to realize this.
His first post in 30 hours has to be directed to me. lol.... Why not update your twitter page. LOL. I use a stop loss on every order which is placed. While modifying my stop loss order (also known as trail stop when your in profit) at times I leave the stop loss position blank when the trade as gone in my favor. Not to mention stop loss of 5 points in one account is the pending order in another account. So if an account with 200 usd in which i use 50% equity goes against me. I will gladly let that account stop out or even margin call, because the second will carry the load with a 3x lot size, a well protected equity balance, and high probability potential of catching a breakout. We have gone over this many times before. Didnt you write it down already?
He who guess is LOST!
  • #691,613
  • Sep 13, 2012 10:34am Sep 13, 2012 10:34am
Are you all waiting for the news released then trade? Or are you in and waiting to close your positions after the news?

I am trading normally regardless of the news now.
  • #691,614
  • Sep 13, 2012 10:37am Sep 13, 2012 10:37am
Quoting StopGuessing
His first post in 30 hours has to be directed to me. lol....
I see you have trouble telling time as well.
  • #691,615
  • Sep 13, 2012 10:38am Sep 13, 2012 10:38am
dear all,

Im kinda new to trading and if there's one thing I noticed, is that participating in a forum like this really help beginners like me... hope i can learn more from you guys.



p/s: seems like we're stuck at 1.2910 region for quite a while =
2 recipes for forex failures: Greed + Fear
  • #691,616
  • Sep 13, 2012 10:39am Sep 13, 2012 10:39am
Quoting StopGuessing
This is now becoming a tennis match. Either prove your positions or remain bashing people who you could be helping. Proof is in the pudding, not in the words you deem as proof. As for being defensive, that is the only way to protect your P.O.V. just like the perfect defensive for high leverage trading is using, TRAIL STOPS, STOP LOSSES, MULTIPLE ACCOUNTS. ETC. Things you have yet to even dream about. Your bias trading wont even get you 30% profit at the end of the year. Yet 1.5 point profit is around 30% profit here.

I am not about to put my account on here - and I don't need to either go back through my posts you will get an idea of my profitability and my position sizes, but my money and account numbers are my personal business.

and just for the record I have been trading since the mid-90's I do it full time and make plenty, been there and seen it all - including many people that claim to trade on high leverage - reality is high leverage should never be a factor because good risk management makes high leverage unnecessary.

period - end of discussion as far as I am concerned
  • #691,617
  • Sep 13, 2012 10:39am Sep 13, 2012 10:39am
Quoting 5percent
actually, i see things different from what people view of stopguessing, he can be acting like a snub the way he replies, but if anyone is actually paying close attention to how price moves, that's how scalping is done.

His ideology is not to be married to a trade, and not to be too emotionally attached to money management since the stop loss is minor.

1) Trend is your friend
2) Never married a trade
3) Keep losers small, ride the winners.

isn't this 3 rules the main thing in this Forex market?

While selling on eur/usd done by many retailers since the breakout from 1.2440, until the next from 1.2650, isn't it obvious that buy stop above former resistance.

1) Price enter and reach a support/resistance. it takes a good bounce -> that area can be wick/pin, there we normally view as bid/offer, support/resistance and it align with orderboard most of the time.
2) Price is likely to return to the same or almost near the same place where it bounces/reject, trader can enter on that area with a tight stop.
3) If the 3rd time price return to the area again, its likely to crack then to rebounce.

1.2935++ ytd visited. ->1
1.2930 visited again. ->2

If third time, i won't be surprise its shooting up again.

Rule 1, 2, 3.

We are in the market of bull run, its momentum trading, same for may, it was bear run, sell resistance on retrace- > resistance was supports turn resistance. Don't forget that previously we had the same bull run from 1.2625 in Jan low into 1.34.


Now we are on resistance turns support. Picking reversal is a danger.

ytd our asia high was 1.2881 area, that has turned into support, so u witnessed the bounce.

Now FOMC later, it can be the change of the tide or not.

Daily wick area, 1.2930++, sell from there tight stop.
Long from 1.2881 area, tight stop as well, see which one win .

goodluck to all.
I think the worry with stop guessing is more about leverage than scalping.

I have a very small account I risk 5% per day on and 1% per trade is usually max.

I would need to have 10 losing days in a row to lose half of my account. But even then 10 losing days only = a loss of 5 days of profit (if my profit target is twice my daily risk).

So while the account may cut in half by 50%, as long as I was playing on profit and not deposit, then it will take a lot more to get back down to playing on your own deposit.

Basically, you need to get ahead and stay ahead. You also need to take regular withdraws in profit once certain targets are reached.
Be hopeful in a winning position, and fearful in a losing position.
  • #691,618
  • Sep 13, 2012 10:40am Sep 13, 2012 10:40am
Quoting 5percent
actually, i see things different from what people view of stopguessing, he can be acting like a snub the way he replies, but if anyone is actually paying close attention to how price moves, that's how scalping is done.

His ideology is not to be married to a trade, and not to be too emotionally attached to money management since the stop loss is minor.

1) Trend is your friend
2) Never married a trade
3) Keep losers small, ride the winners.

isn't this 3 rules the main thing in this Forex market?

While selling on eur/usd done by many...
I don't think people are having an issue as to how he trades, but they may see his posts as boastful. He seems to have a system down that works for him. I do not know why people keep "lecturing" him. Let him do as he may. Conversely, sometimes the posts can be snobbish. If you make money - great! That's the whole idea behind trading, but the constant showing of account details gets old. Just be confident in your trading (as you are) and let that be it.
  • #691,619
  • Sep 13, 2012 10:42am Sep 13, 2012 10:42am
Quoting anton.olff
Your system may work for you, and that is what is important. My only question would be why don't you trade with a larger amount? If your system was allowing you such a great return-$7 into $1,000 in a week...why not take $700 and turn it into $100,000?
Only because I will need a trade copy mt4 script to handle say 4 different accounts which can only have 999usd max in order for me to keep the 2000:1 leverage. So say if I have 3 accounts.

ACCOUNT ONE has 7 usd
Account TWO has 200 usd
Account three has 999 usd

My main account will be the 7 usd account. My goal is to make my first trade the winning trade, so I can turn 7 usd to say 500 usd by trades end.

Account number two is always a back up to account number one. My stop loss for account number one is automatically 5 points not including the spread with my broker. So what will happen is the script which has that account linked will automatically place a pending order for say 180 dollars in the opposite direction of account number 1. So if account number one stops out. Who cares. I lose 7 usd to make 18 dollars a point on the reverse account.

Should account number two be activated by the stop loss of account number one. Then account number three will kick in with a 80% equity. So should I margin call the 200 usd account, I will be backing about 85 dollars a point in the third account. Now the trick is I have less then a 2% chances in which the market will whip lash 3 times in a 3 min period more then 5 points. That is what it will take for me to blow all three accounts. The only time you see those whipe lashes is during news events. And even that has a counter.

You want to know how to counter a 3 min 5 or more spike in each direction each of those mins? Look at this videos. He shows you how to do it perfectly. He actually did it during the last NFP news. Thats what started this big move up for EUR. You can also see he places three orders just as I explained.

Inserted Video
He who guess is LOST!
  • #691,620
  • Sep 13, 2012 10:42am Sep 13, 2012 10:42am
Quoting Qfx
Are you all waiting for the news released then trade? Or are you in and waiting to close your positions after the news?

I am trading normally regardless of the news now.
I am waiting, 5-7 range is too small.

After news, possible that swings through all offers and bids between 1.2882 - 1.2915 and then i take position.

Well, can take sooner as well after seeing how it behaves testing ends of the range.
They think they are smarter than I am.
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