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Elliott wave outlook

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  • #4,341
  • Dec 11, 2012 10:24am Dec 11, 2012 10:24am
Quoting MeInGraySuit
Question for all you traders? How much of percent of margin and also winning ratios do you think a trader might need to make 100% a month?


You'd need incredibly good luck

Approximately 35 more wins than losses if at a RRR of 1:1 on a risk of 2% (compounded)
  • #4,342
  • Dec 11, 2012 10:30am Dec 11, 2012 10:30am
Quoting wiseambition
You'd need incredibly good luck

Approximately 35 more wins than losses if at a RRR of 1:1 on a risk of 2% (compounded)
I like to use a 3 to 1 ratio, myself.
  • #4,343
  • Dec 11, 2012 10:36am Dec 11, 2012 10:36am
This is what I am thinking....I want to see if it is possible to take a $250.00 micro account and turn it into 1Million in 12 months.
Balance$250.00
Jan-13$500.00
Feb-13$1,000.00
Mar-13$2,000.00
Apr-13$4,000.00
May-13$8,000.00
Jun-13$16,000.00
Jul-13$32,000.00
Aug-13$64,000.00
Sep-13$128,000.00
Oct-13$256,000.00
Nov-13$512,000.00
Dec-13$1,024,000.00

And I want to take 100 noobies (all free of charge) and provide them with chart analysis and make them millionaires in one year time frame. So the risk is really $250.00. Do you think it is possible. I am up 163% this year risking 20-30% margin. If I take just 250.00 and risk 70-80% with 75% success rate on a 3 to 1 ratio RRR. I think we might be able to do it. What do you think?
  • #4,344
  • Dec 11, 2012 10:38am Dec 11, 2012 10:38am
Quoting MeInGraySuit
This is what I am thinking....I want to see if it is possible to take a $250.00 micro account and turn it into 1Million in 12 months.
Balance $250.00
Jan-13 $500.00
Feb-13 $1,000.00
Mar-13 $2,000.00
Apr-13 $4,000.00
May-13 $8,000.00
Jun-13 $16,000.00
Jul-13 $32,000.00
Aug-13 $64,000.00
Sep-13 $128,000.00
Oct-13 $256,000.00
Nov-13 $512,000.00
Dec-13 $1,024,000.00

And I want to take 100 noobies (all free of charge) and provide them with chart analysis and make them millionaires in one year time frame. So the...

Everybody with a calculator has already done the same calculation. And set off with good intentions, but I've never met anyone who's got there. It's easier said than done! Best to target a small steady growth rate like 5% a week at say 2 pc risk per trade.
Nobody I know has ever traded with the risks you describe and not blown up their accounts
  • #4,345
  • Dec 11, 2012 10:42am Dec 11, 2012 10:42am
If never lose is possible. I also made something similar but my target was 10 years. With a deposit of 5 grands 10 or 20 pips a day, I dont remember now I got at my home, without losing a day @200bln
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #4,346
  • Dec 11, 2012 10:43am Dec 11, 2012 10:43am
Quoting wiseambition
Everybody with a calculator has already done the same calculation. And set off with good intentions, but I've never met anyone who's got there. It's easier said than done! Best to target a small steady growth rate like 5% a week at say 2 pc risk per trade.
Nobody I know has ever traded with the risks you describe and not blown up their accounts
"So you are saying there is a chance" (dumb and dumber movie). Or as Barney Stinson would say "Challenge accepted!!" It is going to be called "Operation Rock 13"...Rock is slang for Million Dollars and 13 means 2013.
  • #4,347
  • Dec 11, 2012 10:45am Dec 11, 2012 10:45am
Quoting MeInGraySuit
This is what I am thinking....I want to see if it is possible to take a $250.00 micro account and turn it into 1Million in 12 months.
Balance $250.00
Jan-13 $500.00
Feb-13 $1,000.00
Mar-13 $2,000.00
Apr-13 $4,000.00
May-13 $8,000.00
Jun-13 $16,000.00
Jul-13 $32,000.00
Aug-13 $64,000.00
Sep-13 $128,000.00
Oct-13 $256,000.00
Nov-13 $512,000.00
Dec-13 $1,024,000.00

And I want to take 100 noobies (all free of charge) and provide them with chart analysis and make them millionaires in one year time frame. So the...

you are missing the most important part of the eqaution and calculation.....EMOTION
when you get over $100k the emotion and plan changes drastically.
Wooooohooooo or Boooooohooooo
  • #4,348
  • Dec 11, 2012 10:47am Dec 11, 2012 10:47am
But i need to work with noobies so they don't stray from the goal. No offense to you all but we are all stuck in our ways. Not to say my way or your way is correct but we all have molded ourselves into the trader we are.
  • #4,349
  • Dec 11, 2012 10:47am Dec 11, 2012 10:47am
euro 15min update
Attached Image (click to enlarge)
Click to Enlarge Name: dic11, up2.PNG Size: 54 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #4,350
  • Dec 11, 2012 10:48am Dec 11, 2012 10:48am
Quoting gnomoneey
you are missing the most important part of the eqaution and calculation.....EMOTION
when you get over $100k the emotion and plan changes drastically.


that is a big problem...
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #4,351
  • Dec 11, 2012 10:49am Dec 11, 2012 10:49am
Quoting MeInGraySuit
But i need to work with noobies so they don't stray from the goal. No offense to you all but we are all stuck in our ways. Not to say my way or your way is correct but we all have molded ourselves into the trader we are.
No offense we are stuck we work for brokers...
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #4,352
  • Dec 11, 2012 10:49am Dec 11, 2012 10:49am
Quoting gnomoneey
you are missing the most important part of the eqaution and calculation.....EMOTION
when you get over $100k the emotion and plan changes drastically.


That is absolutely correct that is why we have to stay the course and gamble it all! Positive thinking my brother!
  • #4,353
  • Dec 11, 2012 10:50am Dec 11, 2012 10:50am
Quoting MeInGraySuit
That is absolutely correct that is why we have to stay the course and gamble it all! Positive thinking my brother!
i hear you .....all the best.....
Wooooohooooo or Boooooohooooo
  • #4,354
  • Dec 11, 2012 11:15am Dec 11, 2012 11:15am
Pound update 15min
Attached Image (click to enlarge)
Click to Enlarge Name: dic11, 15minupdate.PNG Size: 87 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #4,355
  • Dec 11, 2012 12:39pm Dec 11, 2012 12:39pm
Euro dollar update 1min and 15min
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dic11, 1min.PNG Size: 54 KB
Click to Enlarge Name: dic11, up3.PNG Size: 58 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #4,356
  • Dec 11, 2012 12:42pm Dec 11, 2012 12:42pm
Quoting Luis Carlos
Euro dollar update 1min and 15min
Nice we got an extension
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #4,357
  • Dec 11, 2012 2:12pm Dec 11, 2012 2:12pm
Quoting Luis Carlos
Nice we got an extension
iv no more that 1.2981
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #4,358
  • Dec 11, 2012 4:08pm Dec 11, 2012 4:08pm
everyone please comment on my posts and views....inexperience and need some views please

http://www.forexfactory.com/showthre...04#post6283704

http://www.forexfactory.com/showthre...36#post6283736

those are my views for eu and i think we are in a point of heavy resistance or massive usd breakdown....please tell me what you see technically

thanks

G
Wooooohooooo or Boooooohooooo
  • #4,359
  • Dec 11, 2012 4:20pm Dec 11, 2012 4:20pm
Quoting Luis Carlos
If never lose is possible. I also made something similar but my target was 10 years. With a deposit of 5 grands 10 or 20 pips a day, I dont remember now I got at my home, without losing a day @200bln
http://tradersterritory.com/public/s...viannen_27.gifhttp://tradersterritory.com/public/s...ult/dance2.gif
Always looking the GREAT, never left GOOD Point...
  • #4,360
  • Dec 11, 2012 4:27pm Dec 11, 2012 4:27pm
Quoting gnomoneey
everyone please comment on my posts and views....inexperience and need some views please

http://www.forexfactory.com/showthre...04#post6283704

http://www.forexfactory.com/showthre...36#post6283736

those are my views for eu and i think we are in a point of heavy resistance or massive usd breakdown....please tell me what you see technically

thanks

G

http://elliottwave.ru/public/style_e...t/popcorm1.gif
Always looking the GREAT, never left GOOD Point...
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