Philax Mann | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread
Attachments: Philax Mann
Exit Attachments

Philax Mann

  • #21
  • Jan 31, 2013 3:50pm Jan 31, 2013 3:50pm
Quoting dBo
I'll race you to $50k check out my explorer on my profile...

...only kidding but seriously lol
dBo, Rasfilmon, TPOTrader, we should team up and creat a thread for our 4. It could be interesting
I will become the World's best at my own style
  • #22
  • Jan 31, 2013 3:54pm Jan 31, 2013 3:54pm
you are impressive...do you only day trade?
  • #23
  • Jan 31, 2013 6:29pm Jan 31, 2013 6:29pm
Yep, an injection of inspiration is always great: you've inspired me to rethink what I'm doing and that little hint before has had me trying out some new things. Cheers. I'm definitely not competing right now - just finding my feet and trying to get to the point of making money consistently. Your results ARE consistent and that's what really stands out. Good stuff!
  • #24
  • Jan 31, 2013 9:57pm Jan 31, 2013 9:57pm
Adding to trades that went against you is not a sustainable strategy.
Bragging about trading performance is not typical to successful traders.
Using 400:1 leverage is also not typical to successful traders.
If Philax Mann is around 6 months from now I will go and buy a hat and take it off for him.
The admiration from the people reminds me of the story of "the emperor's new clothes".
I wonder if i am the little child in the story.....
Every rule has an exception. Except for this one.
  • #25
  • Feb 1, 2013 3:59am Feb 1, 2013 3:59am
Quoting TPOTrader
i was thinking a competition maybe 3 months?--everyone puts down $500- winner gets all type thing

but then i thought

this guy trades a couple of k's. With 1:400 leverage?

and I'm trading around 30k with 1:50 leverage..talk about being disadvantaged.

I want to see him trade 20k with that leverage and get the same gains..that would be serious props.
Yes I made couple of k's in my first month of trading, that is good reason for celebration for me. Above all I'm excited about is with my fantastic system, believe me you will not have a chance competing against my system in many ways. It is the strategy most important in making serious amount of cash not the leverage....
  • #26
  • Feb 1, 2013 4:35am Feb 1, 2013 4:35am
Quoting Celente
Competition... a one year competition could be interesting, and we woulnd have to open a new account, we could you keep on trading in our normal account and the winner with the highest % would be the winner.

Anyways, what I think is more important would be to have a thread where we can share thoughts and Ideas. It would be more like and interactive thread(a little bit like the EUR/USD but without all the noise and bullshit in that thread) where we share information, forecast and learn from each other.
Cele, that is v.good idea; it is give and take world, that is why I agree with sharing thoughts and ideas, anyone who doesn't like to giving back as it takes should be stay out of this. Some people send me private emails requesting revile my systems/secrets to them and they have nothing to offer in return, they just want to take and take.... Why should I spend energy and time teaching my system if there is nothing in it for me? Off course I want to help other traders but not in the style of they take and not give back nothing...

I'm happy to share my strategy/techniques with traders who are willing to give something back as they take.

Cheers!!
  • #27
  • Feb 1, 2013 4:59am Feb 1, 2013 4:59am
Quoting Gabe2004
Adding to trades that went against you is not a sustainable strategy.
Bragging about trading performance is not typical to successful traders.
Using 400:1 leverage is also not typical to successful traders.
If Philax Mann is around 6 months from now I will go and buy a hat and take it off for him.
The admiration from the people reminds me of the story of "the emperor's new clothes".
I wonder if i am the little child in the story.....

Gabe2004, you sound a bit grumpy for some reason and yet funny, but anyway, what matters in trading is how many green pips you getting, as long us I'm getting green pips on consistent bases that is all that matter to me and people like me.

People admire and encourage when some achieves good results and extraordinary results like 1000++%

You have done well for-self too, you have been trading since 2011 and you managed big 1.9% growth well done!!
  • #28
  • Feb 1, 2013 5:30am Feb 1, 2013 5:30am
Hi Rasfilmon

Firstly I would like to congratulate you on a very prouctive month, well done.

I like many others would be very interested to see if you are able to sustain that sort of growth over a number of months and not just a short term gain. Im not trying to take anything away from what you have done as a 1000% gain in a month is exceptional, it is now to see whether or not your system can maintain similar figures over the coming months. I watch your progress with great anticipation.

As Gabe2004 has pointed out it is very very uncommon to keep results like that going on a month by month basis, but it would be nice to see someone acheive it and prove us wrong. You generally find those that make a living from trading look for much smaller but consistent returns month on month, they will not be as large as the % figures you have achieved this month but they are much lower risk and consistent. With high leverage and poor money management you tend to find one or two bad trades can completely wipe an account out (Im speaking from experience here having wiped a few accounts, but Ive learnt from those mistakes and now trade at much lower profit levels but more consistently)

I too would be very interested in a 12 month trading competition, as I find with the 1 month competitions you only need someone to grab a couple of very nice trades and they can make massive returns, but this to me is not consistant trading.

These are just my thoughts and opinions.

I wish you the best of luck over the next few months and I hope your success continues
  • #29
  • Feb 1, 2013 6:36am Feb 1, 2013 6:36am
Quoting Caggen
Hi Rasfilmon

Firstly I would like to congratulate you on a very prouctive month, well done.

I like many others would be very interested to see if you are able to sustain that sort of growth over a number of months and not just a short term gain. Im not trying to take anything away from what you have done as a 1000% gain in a month is exceptional, it is now to see whether or not your system can maintain similar figures over the coming months. I watch your progress with great anticipation.

As Gabe2004 has pointed out it is very very uncommon...
Hi Caggen,

Thank you for the kind words and advice. I'm young and new to this business so i still have time to mature in this business. 1000% monthly gain is unsustainable in the long run even half it is not sustainable, I'm well aware of that reality. But I will do as much as possible to at-least aim for 100% monthly gain that is my over all target, anything above that is a bonus. I'm reasonably confident that I will be registering that kind of sustainable gains in the next several months. So stick around and let us share ideas....

Gabe2004,

The reason yesterday i was adding trades that went against me was that I was 95% certain in my calls on that particular pair EURUSD, infact i regret not adding more trades and waited for much bigger profit when it eventually went my way. EURUSD was coiling up to rally long it was just a matter of time before it did. It made false break out to the down turn you call it (I call it market manipulation), I add more trades on every dip because the pair had only one option and that was to rally upwards, unless offcourse some fundamental change or some kind of big news that reverse my projection, but there was nothing to suggest the pair will go down, I was certain of that at that time. And what happened after few hours it rallied breaking resistance easily surpassing my projected levels. (I wish I did not took my profits too early because it shot up big time).

There is no false break out but market manipulations.
  • #30
  • Feb 1, 2013 6:38am Feb 1, 2013 6:38am
Hi Rasfilmon.

Please dont me wrong but i dont understand some things of this thread.

I think that when you open a thread here in FF you are looking for several things:

1. To look at for a general information of others trades.
2. To look at for a particular information about systems or indicators.
3. To show to others traders what are you doing and how are you doing for help them.
4. Commercial purposes.
5. Ego competition.

Sincerily. If you dont show what are you doing and how are you doing and the only purpose of this thread is to show three months of gains.... then is it another ego measuring thread.

Where is the thread utillity?.

To what extent can help readers?.

If you are a proffesionnal trader this is your bussiness. If you are a proffesionnal trader you dont need to show any results and you dont need any ego measuring. I dont understand what are you looking for. Dont misunderstand my words please. Its only my opinion.

Honestly.

Regards.


P.D. I have another question. Look at attached image. Could you give more details of this 55% worst trade.
Attached Image
That which you give to others, life will return it in spades
  • #31
  • Feb 1, 2013 6:58am Feb 1, 2013 6:58am
Quoting Jaquemate
Hi Rasfilmon.

Please dont me wrong but i dont understand some things of this thread.

I think that when you open a thread here in FF you are looking for several things:

1. To look at for a general information of others trades.
2. To look at for a particular information about systems or indicators.
3. To show to others traders what are you doing and how are you doing for help them.
4. Commercial purposes.
5. Ego competition.

Sincerily. If you dont show what are you doing and how are you doing and the only purpose of this thread...
Hi Jaquemate,

The purpose of this thread is to share ideas to enhance our trading performance and document the journey our success. I'm interested in people refused to lose in this business and try new and old ideas to improve...

I'm not a business and I'm not here to sell anything, I'm not even professional trader yet, but this is my journal towards becoming a professional trader.

I am not the only one who has public explorer does that mean anyone who show their explorer or results are ego driven!? I don't believe that is the case, it may be just your opinion, but I'm willing to consider my views if many people share your opinions.

As for the 55% lose that was before I crafted my own system, I was basically losing small and big amount based on my account on that time because I did not have strategy that I was comfortable with. Glad to say I reversed 90 degree with a system I believe the best for quite lazy people like me
  • #32
  • Feb 1, 2013 8:42am Feb 1, 2013 8:42am
Quote
My strategy is partly influenced by W D Gann

HI, do you mind if I ask if you are using MT4 ? If so scaled ? Cheers.
  • #33
  • Feb 1, 2013 11:43am Feb 1, 2013 11:43am
Quoting webart
HI, do you mind if I ask if you are using MT4 ? If so scaled ? Cheers.
Yes I use MT4 and I'm armed only with my laptop not 5 or 10 screen monitors, although I would not mind couple of screen monitors for myself to make life easer (will purchase one day all the necessary equipments ones I turn pro).


Ladies & Gents,

I hope you had great trading week and wish you have great weekend with your loved ones. I'm done for today, daily target achieved but I can not help to think I wish I participated more on the data release. I learned some valuable lessons on how markets behave during news and data releases.... The old saying, Buy the Rumour, Sell the Fact has defiantly some meat to it; some extraordinary nee jerk reactions today especially with gold, the useless metal is highly volitional.

Have a greet weekend folks!!

TA
  • #34
  • Feb 1, 2013 11:51am Feb 1, 2013 11:51am
looks like you are not stopping gaining more and more day after day. 1125%
I will become the World's best at my own style
  • #35
  • Feb 2, 2013 12:10am Feb 2, 2013 12:10am
can you provide a detailed MT4 report of your trading?
  • #36
  • Feb 2, 2013 3:11am Feb 2, 2013 3:11am
This system seems very powerful and Rasfilmon demonstrate it. For sure He worked very hard in order to make it. He is still working for improve it and we all know that market is not an easy thing. So I think that we all should learn from him instead of trying to compete with him and then help each other in order to improve our trading. Sorry for my poor English but I think the message is clear.

Good Job RAS !!!!!

Regards,

Titantrader
  • #37
  • Feb 3, 2013 10:49am Feb 3, 2013 10:49am
Philax.... How did you place your explorer as the first post in your thread? Thanks.
  • #38
  • Feb 3, 2013 5:08pm Feb 3, 2013 5:08pm
Why didn't I use Gann lines before? Mucho thanks for the hint! So far Gann grid and Gann lines have been pretty useful. Also the PAMA Gann grid indicator has been okay. I'll keep monitoring to see if it's good long-term.
  • #39
  • Edited 6:38am Feb 4, 2013 5:36am | Edited 6:38am
Hi All,

The market played tricks on me today thanks to the dumb money ones again. Basically the market went against me for a while enough to scare me to think about damage limitation instead of profit. It is the dumb money responsible for my messed up London opening session, the dumb money over bought on an already over bought market, like EJ, CHJ, GJ, UJ, NJ plus the fundamentals do not support buying up those pairs but the dumb money went along anyway on a buying spree enough to me to think for damage limitation.

So i did what I had to do which is to close all my positions soon as I gained back my loses, at that point the dumb money have done enough to make me think i made a wrong call today even though i was right all along. Soon as I closed all my positions (which almost all were SELL) the market went to my projected direction in a heart beat making me loose over 100 pips in profit!! Thanks to the stupid dumb money!! Which by the way I'm glad they got burnt for their mistakes).

One thing I did right so far today is regained back all my loses to even make tiny profit after bad start and fearing I made a wrong call when I was down 100++ pips all thanks to the dumb money which they got slaughtered by the bears for their stupid mistakes, some one has to loose in order others to win that is the game isn't it and I refuse to be with the dumb money, I like to go along with the smart money nicely


titantrader,

Thanks yes I'm still improving my new strategy and still needs more numbers and more time to evaluate its effectiveness....

DoAndBecome,

There is a setting somewhere on your profile setting that allows that...
  • #40
  • Feb 4, 2013 6:15am Feb 4, 2013 6:15am
Quote
The best teachers are those who show you where to look, but don't tell you what to see.
-Alexandra K

My core strategy is smart basket hedging system with a secret timing formula, that is why you see me open and close dozens positions at the same time. Some of the trades are winners and some are losers but what matter most to me is the over all gains and loses, not particular pair. That is how I fish my pips with a smart basket or net.

You may say basket trading is not new, it has been around the same time the market has been around, yes you are right and some people have become rich using the strategy and some people not so rich. My smart basket strategy as far as I'm aware is uniquely adapted by me.

I don't use Gann indicators but W D Gann's mathematical and astrological theories have influenced me to think outside the box and plot my strategies, the result was immediate.

I'm going to try to show you where to look but not what to see....
0 traders viewing now