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$1000 into $1mil (100,000% per year), stop making trading complicated

  • #21
  • Nov 11, 2012 2:37pm Nov 11, 2012 2:37pm
Try making the "Divergence Judgement" improved by market session (the highest liquid time are the best)+ near reliable S/R level & you will see real shiny . Please always be aware of volatility. a fixed xyz amount of pips is not workable in longterm. Market always change!

Manage probability while following the TREND.
  • #22
  • Nov 11, 2012 3:05pm Nov 11, 2012 3:05pm
Quoting daemon_delux
The "potato peeler" has a sense of the markets way over yours, judging by your posts. And I meant the disrespect, as you meant yours.

I've moved on from trading the "grail" to trading baskets, and all the disrespect you throw from now on isn't heard, because know what ... you're on my iggy list, you worthless spine. Rags has enough experience to try this, and it's not your money, it's his.

Good luck, Rags, I'll monitor your succes.
I'll be happy to post my progress
You can follow my journal where I post my real account progress.
http://www.forexfactory.com/showthread.php?t=387078

So your friend makes killer money (everybody is a hero in forums without prove including perhaps you as well)
but reluctant to post any account data unless you and your delusional friend make millions trading paper money.
I can get lot more colorful but suffice to say fly get attracted to shit.
In trading, you have to be defensive and aggressive at the same time
  • #23
  • Nov 11, 2012 3:07pm Nov 11, 2012 3:07pm
Quoting Percival
Davit,I figured the term "potato peeler" was a slang phrase I just hadn't come across before. Thanks to the wonder of the internet I found a definition; http://www.urbandictionary.com/defin...=potato+peeler. A little over the top perhaps, but given the circumstance, understandable.
did not even think in those terms.Urban slang I was not aware.
In trading, you have to be defensive and aggressive at the same time
  • #24
  • Nov 11, 2012 3:16pm Nov 11, 2012 3:16pm
Quoting Davit
Who gave this potato peeler 10Vouches!!
I guess it say a lot about how little the vouches can be trusted.
  • #25
  • Nov 11, 2012 4:34pm Nov 11, 2012 4:34pm
Quoting Davit
Who gave this potato peeler 10Vouches!!
not hard to find out, no one really of mention is there?

Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #26
  • Edited 4:47pm Nov 11, 2012 4:34pm | Edited 4:47pm
Market is live, just put the last 12 hours of divergences on this chart (I'm sure I missed some), and we just got a hidden as well on the m5

Will respond to some posts in a few but honestly this thread is meant to help people, so don't be a dick, just don't use this strategy if you don't like it

And if you don't like the leverage, you can drop down to 0.3% risk per day and still make 1000% per year, which means 3 years instead of 1 to get your million (not including taxes though so its more like 4 years). I have an account doing this as well...

Yes I know you likely won't make the 3% everyday (even though the opportunity is there), but if you do it 2 out every 3 days, then you will still turn $1000 into $100k. (10,000%)


If you are more conservative use M15 and 15-20 pip stop loss. There is less opportunity but there's still a dozen a day

With this strategy you only need 1 or 2 winning trades a day, depending on how many pips. So pick the best trades when the market is most active.
Attached Image (click to enlarge)
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Be hopeful in a winning position, and fearful in a losing position.
  • #27
  • Nov 11, 2012 5:28pm Nov 11, 2012 5:28pm
Quoting Rag2RichesFX
Market is live, just put the last 12 hours of divergences on this chart (I'm sure I missed some), and we just got a hidden as well on the m5

Will respond to some posts in a few but honestly this thread is meant to help people, so don't be a dick, just don't use this strategy if you don't like it

And if you don't like the leverage, you can drop down to 0.3% risk per day and still make 1000% per year, which means 3 years instead of 1 to get your million (not including taxes though so its more like 4 years). I have an account doing this as well...

Yes...
Hey show us your account statement!
"Nature's law" is called "Reason". When perfectly understood by human it is
  • #28
  • Nov 11, 2012 5:35pm Nov 11, 2012 5:35pm
Quoting Rag2RichesFX
Market is live, just put the last 12 hours of divergences on this chart (I'm sure I missed some), and we just got a hidden as well on the m5

Will respond to some posts in a few but honestly this thread is meant to help people, so don't be a dick, just don't use this strategy if you don't like it

And if you don't like the leverage, you can drop down to 0.3% risk per day and still make 1000% per year, which means 3 years instead of 1 to get your million (not including taxes though so its more like 4 years). I have an account doing this as well...

Yes...
i am actually rather positive with the claim and somehow think it's realistic too, it's not to be the odd one to stand out against the people who are less optimistic.

http://newtraderu.com/?p=2358

Quote
Choose to be in the top 10% of traders, decide where you want to go.

To win at trading you must focus on it, be obsessive with your heart and creativity.

Let the fear of failure motivate you to do the work to succeed.

Don’t ever let some one tell you that you can’t succeed, guard your dreams.

It generally can be done, but perhaps not to 1 million as the claim would smash many traders off their feet, but 1000 into 10,000-100,000 is very possible. The problem would lies in the trader himself and the market condition he's trading in if the system fits it well or not. Most retail traders does not trade with a discipline system, they tend to alter here and there abit, and do not abide the guidelines or be turned off due to fear/greed later on as account grow/sink, i personally also trade with tight stop loss on intra-day trades and uses the 5 min chart as well :| , all the charts are the same to me, even if i do 5m chart, i also take hourly and daily into account to see the overall trend bias/trendline direction.

It will be nice if rag2richesfx can provide a method on a 1 month demo/live account on a $1000 account with a fixed 0.1 lot , max 10-20 pips stop loss execution here, so that people would up your claim more substantially since that's what the topic is all about right?
  • #29
  • Nov 11, 2012 9:09pm Nov 11, 2012 9:09pm
Hello Rag2RichesFX,

Where can i find/download the divergence indicator?
Thanks.
  • #30
  • Nov 11, 2012 10:52pm Nov 11, 2012 10:52pm
done with half my day already, will finish it off in London

update from earlier

chart from 11:55pm EST
Attached Image (click to enlarge)
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Be hopeful in a winning position, and fearful in a losing position.
  • #31
  • Nov 11, 2012 10:59pm Nov 11, 2012 10:59pm
Quoting hewtwok
Hello Rag2RichesFX,

Where can i find/download the divergence indicator?
Thanks.
No indicator my friend, I spot all these manually

Well there is in indicator, but its a lot more of a lagging indicator, and it misses about 75% of the divergences, so its not very reliable. Maybe someone out there has built a stronger one, but I don't know of it.
Be hopeful in a winning position, and fearful in a losing position.
  • #32
  • Nov 11, 2012 11:00pm Nov 11, 2012 11:00pm
Quoting Davit
Who gave this potato peeler 10Vouches!!
Ouch. If I would have posted $1000 to $10000 you would not have all been so pissed. It's the nature of the beast because there are some people out there who TRULY believe that it's never been done before. Just like there's people out there who truly believe that there are no trillionaires in the world. Doesn't mean they are right...
Be hopeful in a winning position, and fearful in a losing position.
  • #33
  • Nov 11, 2012 11:02pm Nov 11, 2012 11:02pm
Quoting savastekin
Please post your live account statement, this is the only way for others to take you serious, especially while you are unable to correctly calculate 1 % of $1000. The result is $10 not $1!
typo... of course its $10.
Be hopeful in a winning position, and fearful in a losing position.
  • #34
  • Nov 11, 2012 11:07pm Nov 11, 2012 11:07pm
Quoting bradu
This thread integrates perfectlly in ff.com mentality where 99% of traders(most of them below age of 12) are winners, and 1% of them(including me) are not there "ÿet"

When i see a thread like this i am afraid that if it will take me more than 3y to made it, there will be no forex liquidity. if you dont belive me, do the maths that thread starter does for the next 2-3 years...
not only that he will own some major contries, even continents, but he will kill the entire forex market (trading a multibilion $ size account)

everytime a thread like...
you become a market maker once you hit the $2 million point if you are using 10x leverage. Your orders will move the market. Then you start trading the 1 and 4 hour divergences... or accept the 1 pip in slippage and you can still trade the medium size moves.

sigh...



people dont' realize that all you have to do is compound. once you become a market maker you can't scalp the smaller moves, but certainly you can with the 30-50 pip moves.
Be hopeful in a winning position, and fearful in a losing position.
  • #35
  • Nov 11, 2012 11:09pm Nov 11, 2012 11:09pm
Quoting Arctic4x
Yes i can see you do not post much. You have been a member here around 3,5 month and you only have 1783 posts. Not much....
Have you even done the math what will happen to your acc if you have lets say 6 losers in a row if you start with 3% risk on the first trade and do martingale?

Arctic4x
Sigh.. you don't start with 3% on the first trade. That is the total stop loss...

I have not posted in a month but i did post a lot before then..

Who says the grid multiplier is 2x? Sure thats the typical martingale but thats moronic as well unless you only double up once or twice.
Be hopeful in a winning position, and fearful in a losing position.
  • #36
  • Edited 11:30pm Nov 11, 2012 11:17pm | Edited 11:30pm
Quoting Robertk
I appreciate your effort into this Rag2Riches. However, multiple previous topics have been made regarding the exact same method. The method itself is nothing new. I also tried it before and what I noticed is that this isn't the type of system you can use in all markets. It works "ok" in ranged(wide and small) markets while completely being destroyed in steady whipsawing up and downtrends. Also do not forget that the past always looks excellent when applied with MACD. It will look like every price move would have moved according to divergence in...
3% gain on 160 out of 240 trading days a year (take a few for holidays) would still be 10,000%.

You are right, to win every time is almost impossible, but as you see with divergence, to lose is nearly impossible as well. I only lose 2/10 trades.

If I increased it to a 15 pip stop it may be as little as 1/10 trades.

I appreciate how you decided not to be a dick about it.

Others don't realize that you can still compound $500,000.... , they think you have to stop compounding heavily that early. Not the case at all. This is a 10x leverage strategy. 50 lot orders don't slip the market more than 0.1 pips. 500 lot orders do.


People don't realize liquidity is always there for even $5million orders. EurUSD is a trillion+ a day market.

NOTE HOW THIS THREAD DOESN'T TALK ABOUT COMPOUNDING TO A BILLION, WHICH I AGREE IS LIKELY IMPOSSIBLE DUE TO LACK OF LIQUIDITY.
Be hopeful in a winning position, and fearful in a losing position.
  • #37
  • Nov 11, 2012 11:23pm Nov 11, 2012 11:23pm
Quoting Dagobert
Please do 100+ trades and report the

 

  1. average size of loss
  2. average size of win
  3. % of winning trades (or % of losing trades)



Everything else is just bulls__t talk imo. Who cares what you think or someone else doesn't think is possible. Doesn't matter. Check the facts.
(side note: you need clear rules for the trades)

Good luck

just realize lack of liquidity isn't a problem until using 10x leverage with millions.

making pips is what its all about

rules are clear

enter on m5 or m15 hidden divergence after a strong move preferably (London and early NY is where most of these take place)

1 loss a day of 10 pips = 1 %

take profit of 10-30 pips = 1-3%

if you don't get to 3% in one day but you want to, try another 10 pip stop trade. if you lose you are done for the day. (i guess i didn't add that part to the OP, sorry)


i already have been doing this, that's why i have been away from FF. I trade for about 3-6 hours now where as before it was always around 10. I just came to try and help and look and see what I get.

most peoples biggest problem in Forex is they simply don't know when a move is going to start, and when it's going to finish. if you can't figure that out, of course you don't have a chance to consistently (4/5 days of the week) make 30 pips a day risking 10 pips.
Be hopeful in a winning position, and fearful in a losing position.
  • #38
  • Nov 11, 2012 11:34pm Nov 11, 2012 11:34pm
Quoting daemon_delux
The "potato peeler" has a sense of the markets way over yours, judging by your posts. And I meant the disrespect, as you meant yours.

I've moved on from trading the "grail" to trading baskets, and all the disrespect you throw from now on isn't heard, because know what ... you're on my iggy list, you worthless spine. Rags has enough experience to try this, and it's not your money, it's his.

Good luck, Rags, I'll monitor your succes.
Hey I appreciate it bud. I still trade my primary account (max of 0.25% risk per day) as its currently still out performing the smaller 3% account cash wise.. I'm just doing this on the side.

I do want to list my success but at the same time its stupid to tell people on the internet how much money you have (if its in the 100k especially)

Maybe you can teach me a thing or two about basket trading Do you use the trader101 strategy?
Be hopeful in a winning position, and fearful in a losing position.
  • #39
  • Nov 11, 2012 11:42pm Nov 11, 2012 11:42pm
Quoting 5percent
i am actually rather positive with the claim and somehow think it's realistic too, it's not to be the odd one to stand out against the people who are less optimistic.

http://newtraderu.com/?p=2358



It generally can be done, but perhaps not to 1 million as the claim would smash many traders off their feet, but 1000 into 10,000-100,000 is very possible. The problem would lies in the trader himself and the market condition he's trading in if the system fits it well or not. Most retail traders does not trade with a discipline system, they...
the claim is simply about pips, not liquidity needed to reach $1million with 10x leverage. The liquidity is already there (in EURUSD 1trillion+ a day)

If you can make the pips you are set

I appreciate the support

lower leverage as you please, 1000% a year is still freaking UNREAL compounded over 5 years

One of my largest accounts targets 1% a day (500-1000% a year, the last 12 months im up 600%) Risking 0.25-0.33% daily

You are right, getting to a million for a small trader is crazy (MENTALLY THAT IS). I'm not exactly "small though". Risking only $1000, its not like this is 25% of my cash or something. NO way. By the way, would take 100+ days of stop outs in a row to lose $1000. Big whoop. I would never take 20k and try this strategy, no chance.

Use a % of your overall capital you feel comfortable losing.
Be hopeful in a winning position, and fearful in a losing position.
  • #40
  • Nov 12, 2012 12:01am Nov 12, 2012 12:01am
Quoting Rag2RichesFX
the claim is simply about pips, not liquidity needed to reach $1million with 10x leverage. The liquidity is already there (in EURUSD 1trillion+ a day)

If you can make the pips you are set

I appreciate the support

lower leverage as you please, 1000% a year is still freaking UNREAL compounded over 5 years

One of my largest accounts targets 1% a day (500-1000% a year, the last 12 months im up 600%) Risking 0.25-0.33% daily

You are right, getting to a million for a small trader is crazy (MENTALLY THAT IS). I'm not exactly "small though". Risking...
logic is in system and mm...wish you all the best...I will be watching this thread and yours trades...just ignore kids...keep up
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