Following the big money | Page 36 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Big Picture Money Management 4 replies

Trend Following on Big Timeframes with Xumm 11 replies

Who has made BIG money with a BIG trading account consistently? 14 replies

Big jump or big drop ? 3 replies

BIG Money and news releases 4 replies

Attachments: Following the big money
Exit Attachments

Following the big money

  • #701
  • Jan 28, 2013 8:45am Jan 28, 2013 8:45am
But I guess the impact of losing trades can be reduced by proper position management, right? I remember you talking about position management in the first few threads, and think that is the key for successful trader. Could you elaborate a bit more about this point? :-)
  • #702
  • Jan 28, 2013 9:09am Jan 28, 2013 9:09am
Quoting Dynamics
But I guess the impact of losing trades can be reduced by proper position management, right? I remember you talking about position management in the first few threads, and think that is the key for successful trader. Could you elaborate a bit more about this point? :-)
Absolutely. The best part of my trading style is the position management. The markets trade in range very often for longer periods. If I wait for bigger profits for the entire position my account will suffer.
  • #703
  • Jan 29, 2013 2:06am Jan 29, 2013 2:06am
First position was managed unconventionally, because the trend of higher and lower time frames is not the smae. Actually the market is ranging from 15M lower. It seems a little bit strange to open a new position after the stop is hit, but the quote reading was supportive for a buy. I still have 2 parts to close of the current position.
Attached Image
  • #704
  • Jan 29, 2013 2:38am Jan 29, 2013 2:38am
Stop at +7 pips.
  • #705
  • Jan 30, 2013 1:47am Jan 30, 2013 1:47am
Initial stop 4.4 pips
Attached Image (click to enlarge)
Click to Enlarge Name: eur.png Size: 28 KB
  • #706
  • Jan 30, 2013 8:40am Jan 30, 2013 8:40am
Quoting srmfx
I have real account but it is wrong to watch another trader's account. People are different and there is no guarantee that you will be as good or as bad trader as someone else. You should learn the markets, find your strategy and follow it. DOn't care what others do.
Of course there is no guarantee that someone will do exactly as the author. But to start learning a strategy one must be sure this strategy is profitable. There is no point in learn anything that doen't work. And the only way to be sure is the statement.
  • #707
  • Jan 30, 2013 8:53am Jan 30, 2013 8:53am
Quoting spectrum
Of course there is no guarantee that someone will do exactly as the author. But to start learning a strategy one must be sure this strategy is profitable. There is no point in learn anything that doen't work. And the only way to be sure is the statement.

I've been trading almost 4 years and every statement that i've seen, after investigation turned out to be fake or from a demo account.

Nobody is going to post their statement due to live statement because their account might get hacked, or their identity stolen, or they might even get robbed. So don't expect srmfx to post his.

You need to take what you learn from srmfx and apply it to your own strategy.
  • #708
  • Jan 30, 2013 12:49pm Jan 30, 2013 12:49pm
Quoting spectrum
Of course there is no guarantee that someone will do exactly as the author. But to start learning a strategy one must be sure this strategy is profitable. There is no point in learn anything that doen't work. And the only way to be sure is the statement.
The strategy is only 30% of the success. You should apply proper money management and that is much more important. Trust me you don't need a statement. Just see the logic of the strategy and you will know if it is OK.
  • #709
  • Feb 5, 2013 3:58pm Feb 5, 2013 3:58pm
Hello Guys!
Briefly I want to say that, I check several systems but one thing on this strategy or "view of the Market" was so different from another !
Price jumping in 2, 3 or 4 tick .....

I find & made four indicators for show tick charts in MT4 & some other indicators for show "Price Momentum in few tick"
It is very important that you should know that we must move forward in the way that owner of the thread "srmfx" has said.

First product offline 1 tick chart
Then attach Color_MOM & MA_Crossover_Signal2 indicators or load 1.tpl
Attached Image(s) (click to enlarge)
Click to Enlarge Name: a.gif Size: 15 KB
Click to Enlarge Name: b.gif Size: 18 KB
Click to Enlarge Name: c.gif Size: 12 KB
Attached File(s)
File Type: rar Tick Chart.rar   9 KB | 264 downloads
  • #710
  • Feb 5, 2013 4:26pm Feb 5, 2013 4:26pm
another Image...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: d.gif Size: 21 KB
Click to Enlarge Name: e.gif Size: 18 KB
  • #711
  • Feb 5, 2013 4:36pm Feb 5, 2013 4:36pm
in preview post we can see some activity in Australia opening ....

jumping in ticks......

Attractive
  • #712
  • Feb 5, 2013 4:53pm Feb 5, 2013 4:53pm
another..... action
Attached Image (click to enlarge)
Click to Enlarge Name: f.gif Size: 22 KB
  • #713
  • Feb 6, 2013 2:20am Feb 6, 2013 2:20am
morning SRMFX,

good to see your thread still creating interest,

for those who are trying to get a visionary chart example of reading the quotes !

if you have access to a 1 second chart this can help,notice on my posted chart the ticks jumping around clearing every level ,see how it returns to fill then goes back in its direction,notice were price fails 46 ish,many attemps at this level ticking down .ideal entry for short scalp,theres alot of information in this type of understanding ,especially for very low risk entries
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 68 KB
  • #714
  • Feb 6, 2013 2:24am Feb 6, 2013 2:24am
heres the follow on from that resulting in 15 pips ,jumping downwards,missing ticks.

well worth the study and screen time
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 45 KB
  • #715
  • Feb 6, 2013 2:36am Feb 6, 2013 2:36am
this is my last trade in morning
Long position :
Attached Image (click to enlarge)
Click to Enlarge Name: g.gif Size: 19 KB
  • #716
  • Feb 6, 2013 12:44pm Feb 6, 2013 12:44pm
what we can say about following image:

one person or crowd of people sell eurusd with big money
Attached Image(s) (click to enlarge)
Click to Enlarge Name: g.gif Size: 4 KB
Click to Enlarge Name: g2.gif Size: 4 KB
  • #717
  • Feb 6, 2013 2:00pm Feb 6, 2013 2:00pm
Big Money Traders inject Their money in steps:
Attached Image (click to enlarge)
Click to Enlarge Name: g3.gif Size: 7 KB
  • #718
  • Feb 6, 2013 2:06pm Feb 6, 2013 2:06pm
continue ..
Attached Image (click to enlarge)
Click to Enlarge Name: g3.gif Size: 20 KB
  • #719
  • Feb 7, 2013 1:29am Feb 7, 2013 1:29am
Quoting Behzad.H
Big Money Traders inject Their money in steps:
...and the trick is to follow them after a pullback. That's the basic idea of my trading style.
  • #720
  • Feb 7, 2013 1:44am Feb 7, 2013 1:44am
200 EMA is a very good place to initiate a STE in EURJPY. Initial stop is 5.2 pips.
Attached Image
2 traders viewing now