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Philax Mann

  • #81
  • Feb 11, 2013 2:40pm Feb 11, 2013 2:40pm
haha #1 for this year. wonderful, great job!
  • #82
  • Feb 11, 2013 3:10pm Feb 11, 2013 3:10pm
Awesome consistency man, really amazing what you've done so far.
  • #83
  • Feb 11, 2013 3:47pm Feb 11, 2013 3:47pm
Congrats! Amazing Really inspiring.....I love to see traders "kick a$$"......keep going.....you could make it.....
  • #84
  • Edited 5:50pm Feb 11, 2013 5:22pm | Edited 5:50pm
Quoting Rasfilmon
Okay... seen your explorer and I have one slight problem, you have been trading for 5 months and you only managed 271 pips!? This month you had 51 pips, do not like barging but that is not even breakfast for me, I've made over 600 pips in the last three days along while you managed 51 pips this month....

If I increase my lot size will probably have you for breakfast

If you want to race me aim for 50 pips per a day at least not 50 pips per month otherwise you don't want you see me over lap you.

Kidding aside you are on the right truck...
Enjoyed viewing your results, reading your opinions and your stories until I saw this post. It is simply not the attitude I would expect from someone with consistent(short term) results like the ones from your trade explorer. No offend but this post makes it smell fishy all of sudden, hope you are aware of that(no need to brag about results). I think most can agree on this. Wishing you the best of luck anyway. Looking forward to the results it will generate in 4-6 months.
  • #85
  • Feb 12, 2013 7:27am Feb 12, 2013 7:27am
He trades 5-10 per day with an average of 5-8 pips approximately. Using thinkforex allows you to use bigger leverage if needed. What he taught me is you don't need alot of pips to sustain the method. The probability to hit 5-8 pips is easier than 20-50 at a time then multiply it by 5-10 trades per day. The only problem i see with this method is (for me), it is just watching the charts like a hawk constantly. People need to realize it is not the actual trading strategy, but pips captured. Maybe I am over simplifying, but that's my key observation.
Management of drawdown is true skill to trading.
  • #86
  • Feb 12, 2013 7:54am Feb 12, 2013 7:54am
yep
  • #87
  • Feb 12, 2013 9:08am Feb 12, 2013 9:08am
Quoting Imrlycl3508
Awesome consistency man, really amazing what you've done so far.
Thanks buddy!!
  • #88
  • Feb 12, 2013 9:11am Feb 12, 2013 9:11am
i knew this was possible, but i always wondered why noone ever showed it
  • #89
  • Feb 12, 2013 9:11am Feb 12, 2013 9:11am
Quoting 4xPIPAHOLIC
Congrats! Amazing Really inspiring.....I love to see traders "kick a$$"......keep going.....you could make it.....
Thanks buddy, will do my best to keep it going and hopefully inspire you even more....

Be lucky!!
  • #90
  • Feb 12, 2013 9:23am Feb 12, 2013 9:23am
Quoting Robertk
Enjoyed viewing your results, reading your opinions and your stories until I saw this post. It is simply not the attitude I would expect from someone with consistent(short term) results like the ones from your trade explorer. No offend but this post makes it smell fishy all of sudden, hope you are aware of that(no need to brag about results). I think most can agree on this. Wishing you the best of luck anyway. Looking forward to the results it will generate in 4-6 months.

Roberk, thanks buddy. Some people have good sense of humour and some do not.
  • #91
  • Feb 12, 2013 9:32am Feb 12, 2013 9:32am
Quoting Starry
yep
How many pips for SL you have , while targeting only a few pips of profit!
  • #92
  • Feb 12, 2013 9:35am Feb 12, 2013 9:35am
Quoting Affirmed
He trades 5-10 per day with an average of 5-8 pips approximately. Using thinkforex allows you to use bigger leverage if needed. What he taught me is you don't need alot of pips to sustain the method. The probability to hit 5-8 pips is easier than 20-50 at a time then multiply it by 5-10 trades per day. The only problem i see with this method is (for me), it is just watching the charts like a hawk constantly. People need to realize it is not the actual trading strategy, but pips captured. Maybe I am over simplifying, but that's my key observation....
Affrimed,,, My average trade is 7 -14 per a day with 14-20 pips average trade (Not 5-8), not sure why my explorer is showing 5-8 average pips? It doesn't make sense because my daily pip average for the last 40 days has been 125 pips,, if you do the maths what my explorer is saying regarding my daily averages it doesn't add up. I just do not want you and buddies to have wrong info...


Folks, I'm done for-today, it was another good trading day for me, and i hope you are having happy trading times too.

Bring on tomorrow!!!
  • #93
  • Edited 10:52am Feb 12, 2013 10:39am | Edited 10:52am
Quoting Rasfilmon
Roberk, thanks buddy. Some people have good sense of humour and some do not.
Yes, sorry. Its not necessarily a bad sense of humor. Let me get totally honest with you. I simply do not get why you, or anyone, would try to gain attention with a trade of explorer like this, to give "hints" and "open/closed trade positions" afterwards/meanwhile. I know people will hate me for saying this but you will gain absolutely NO benefit from doing this, most likely the opposite. Why aren't you just accepting the fact you found a nice way to exploit market efficiencies, make a good amount of cash and enjoy life. That's what I would do and I am on track.

It simply makes no sense to give away(even partly) an unique edge. It might very well lead to self-destruction and I am not exaggerating. I hate to say this but don't you think you're a bit naive? I mean, come on.

(If you have a method that averages 8% per day it would be one in a million, such edges are worth a billion, but obviously you will not sell it because in a few months you will have made a gazillion.)or... give it away for free Oh boy, now that I have said this, this topic would most likely get even more attention.
  • #94
  • Feb 12, 2013 10:54am Feb 12, 2013 10:54am
Robertk, he isn't giving anything away. He does show how he trades however. More than anything else, he gives people hope that anything is possible if you put the work in and believe in what you do. Some people grasp the market movement better than others - it's a matter of when for people.

Good job Philax.
  • #95
  • Feb 12, 2013 11:13am Feb 12, 2013 11:13am
Quoting pinoyboy
Robertk, he isn't giving anything away. He does show how he trades however. More than anything else, he gives people hope that anything is possible if you put the work in and believe in what you do. Some people grasp the market movement better than others - it's a matter of when for people.

Good job Philax.
He already gave away more than he should but I will not emphasize this any further. Considering he is well aware(according to his own posts) that his system would make 100pips a day(seems to be around 8% daily when implementing his MM), it would be ridiculous to even give the amount of pips trades have made, let alone entry and exit points. Anyway, his choice and I wish him the best of luck. I would sure as hell not to do the same, call me selfish I guess.
  • #96
  • Feb 12, 2013 12:03pm Feb 12, 2013 12:03pm
Quoting Robertk
Yes, sorry. Its not necessarily a bad sense of humor. Let me get totally honest with you. I simply do not get why you, or anyone, would try to gain attention with a trade of explorer like this, to give "hints" and "open/closed trade positions" afterwards/meanwhile. I know people will hate me for saying this but you will gain absolutely NO benefit from doing this, most likely the opposite. Why aren't you just accepting the fact you found a nice way to exploit market efficiencies, make a good amount of cash and enjoy life. That's what I would...
Robertk, you have some valid points that i agree with and some points that I don't agree. I did not get here all in my own, this website along with many others shaped my trading strategies, thanks to the participants of these website.

There are many business off course who keep their winning edge to themselves only for a good and not so good reasons. You do not want to compromise your business by exposing your wining edge, that is true; magicians do not give out their tricks, coca-cola do not give out their secret recipes...and so on.

But there is a big but, the banks have been making untold amount of money by manipulation and other mains of dirty tricks, it is about time now for a pay back. Technology has almost levelled the plain fields, few retail traders are now taking money out of the market, we need more of them to be successful on taking out money from the fat bankers who having being ripped off people for ages.

I'm with the small guys who are brave enough to inter this business and brave enough to try new things. Like I said before there are many ways to trade but if people choice to investigate my system, I will give them settle clues on where to look, but I'm not going to tell them what to see. You may argue what is the benefit for me helping fellow new and pro traders. Well, short answer is, I think it is morally fulfilling to help the help seeker and a sound business too to give and take in the process.


Cheers!
  • #97
  • Feb 12, 2013 12:33pm Feb 12, 2013 12:33pm
I haven't been on here much anymore; however, I decided to respond to this Journal for obvious reason. Philax, your success whether short-term or long-term, is well deserved. Your intentions are good, but I'll repeat what others have said. Too much information is not beneficial to you or others who have recognized the charts as you have. Your intentions appear to be deserving of your success - many and continued success to you.
  • #98
  • Feb 12, 2013 1:05pm Feb 12, 2013 1:05pm
Quote
But there is a big but, the banks have been making untold amount of money by manipulation and other mains of dirty tricks, it is about time now for a pay back. Technology has almost levelled the plain fields, few retail traders are now taking money out of the market, we need more of them to be successful on taking out money from the fat bankers who having being ripped off people for ages.

I must say I like this vision/idealistic view of yours. I actually began trading because I simply had enough of being a mere shackle in this system. I refuse to work my whole life knowing that the elite is making it x100 by creating complex financial products that are purely aimed to ripoff the average you and me. Just look at the amount of toxic mortgages that caused a good chunk of this mess we are in. One might say its our own stupidity to fall for these products but morally it is just wrong to abuse it(they however see themselves as gods of the universe). Anyway, I'm not going to fight it. I wish to eventually earn enough and just live life to the fullest without worrying about how they control us in this system.
  • #99
  • Feb 12, 2013 1:35pm Feb 12, 2013 1:35pm
I don't know if I agree that you have to guard your edge and not share it with others. This is what has made the world an over-competitive, greedy place in many quarters. If you look at some of the wealthiest and most successful people out there, they often admit that they got there with other people who sometimes knew more than them. There's plenty for everyone, I believe. Being in the lack is tiring ; being in abundance feels like the right thing to do. Come on, the forex market is huge and the daily turnover of money is tremendous, so there's no shortage.

By the way, I do enjoy trying to get to the bottom of your strategy with the hints you've dropped so far. Not that I've figured it out, but it's put me on a different track, or way of thinking about it. So, I'm already grateful for the bits I've been able to digest and research further. I still don't know how you manage to get most of your trades in the black, but the fact you can is inspiring. Kudos!
  • #100
  • Feb 12, 2013 2:56pm Feb 12, 2013 2:56pm
Hello some indicators to use for trade. You could say ? congratulation from lithuania.
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