I'm learning to fly | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

If only I could fly.. 7 replies

At What Point Are You No Longer the "Fly on the Back of the Elephant" 3 replies

Learning at the speed of snail [Newbie Learning Journal] 9 replies

MT4: Create Variables on the fly 34 replies

Attachments: I'm learning to fly
Exit Attachments

I'm learning to fly

  • #21
  • Jun 13, 2013 3:26am Jun 13, 2013 3:26am
Quoting broketrader
{quote} Congratulations
thank you very much, buddy




Quoting broketrader
at that pace, you should be millionaire in a year or two or even less
this is exactly what I want




Quoting broketrader
At the same time, I just grew my account by 1% You are the rabbit, I'm the turtle
just grow, this is what matter
what counts is at the end of a time period (day, week, month, year, what else) we have at least ONE $ or Euro (or what else) MORE then the previous period
and remember: every single euro cought out of the hugly banks is a NICE euro!




Quoting broketrader
Again, well done! Continue that Way man
very kind of you my friend
Don't give up
  • #22
  • Jun 14, 2013 3:21am Jun 14, 2013 3:21am
My "first 1.000 pips" .............

Happy weekend ..... and green pips to all

Don't give up
  • #23
  • Jun 15, 2013 4:01am Jun 15, 2013 4:01am
May I know what is your RR? What time you are trading usually?
  • #24
  • Jun 15, 2013 7:36am Jun 15, 2013 7:36am
Hey geomink

wish you all the best. Good job. Hope you dont overleverage your acc.Also would be great if y visit my threat

Felix
Poshcom
  • #25
  • Jun 15, 2013 12:04pm Jun 15, 2013 12:04pm
Good trading sir! Keep the discipline and don't listen to the naysayers.
  • #26
  • Jun 15, 2013 12:50pm Jun 15, 2013 12:50pm
Quoting ~bull.bear~
May I know what is your RR?
I don't know exactly, because I don't mind it all. In my view it doesn't matter. Just my 2 cents. IMHO




Quoting ~bull.bear~
What time you are trading usually?
I don't have any preferred. I start trading around 7 a.m. Italy and shut down when I've reached my daily target.

The best.

Geo
Don't give up
  • #27
  • Jun 15, 2013 12:52pm Jun 15, 2013 12:52pm
Quoting FelixFX
Hey geomink wish you all the best. Good job. Hope you dont overleverage your acc.Also would be great if y visit my threat Felix
Hey Felix,

thank you very much for all

My leverage is always low, max 10

I'll visit your blog surely

The best to you too.

Geo
Don't give up
  • #28
  • Jun 15, 2013 12:55pm Jun 15, 2013 12:55pm
Quoting Smokeymar
Good trading sir! Keep the discipline and don't listen to the naysayers.
Thank you very much Smokey.

I think discipline is almost all here in this heavy world.

About the naysayers............ let me say I've got many...... in another italian forum I'm thinking to stop writing.


The best to you.


Geo
Don't give up
  • #29
  • Jun 15, 2013 1:06pm Jun 15, 2013 1:06pm
Quoting RisingSun
Just awesome! Did a pivot table, Excel. Wonder if you would disclose your method. Thanks, Akira {image}
You can see this from the TradeExplorer report tab, so you don't have to create the pivot table.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 15 KB


Curious, how did you create your pivot table in the first place? How do you obtain the raw data?
Attached Image
No longer trading forex. Looking for full time job.
  • #30
  • Jun 15, 2013 1:23pm Jun 15, 2013 1:23pm
Quoting mmaker
{quote} Hello geomink, I'm very impressed with your trading and hope you will give us some hints as to how we can achieve such success. Thanks.
Hello m!!!

As I told in an earlier post, unfortunately, there's no kind of magic, only pure price action + irony mm + rocket discipline.

Plus low leverage and small size ever.

And never against the daily trend

That's all!


The best.

Geo
Don't give up
  • #31
  • Edited 2:41pm Jun 15, 2013 1:53pm | Edited 2:41pm
Quoting geomink
{quote} Hello m!!! As I told in an earlier post, unfortunately, there's no kind of magic, only pure price action + irony mm + rocket discipline. Plus low leverage and small size ever. And never against the daily trend That's all! The best. Geo
What is "irony mm"? I believe this must be the key to your excellent equity growth and return. Where can I read about it? Thanks!

When you add to your positions on successively better prices, do you increase or decrease the lot size? Trade 4 or 5 (or even 6 or 7) would be at the BEST price so I would think that last entry has the biggest lot?

What if you were right, and Trade 1 took off nicely (without the need to add) then how do you decide on the target for this single position?
No longer trading forex. Looking for full time job.
  • #32
  • Jun 15, 2013 2:57pm Jun 15, 2013 2:57pm
Quoting mmaker
What is "irony mm"?
I meant "money management"
Low level and small position ever!
Cut losses soon



Quoting mmaker
When you add to your positions on successively better prices, do you increase or decrease the lot size?
never increase lot size
never, never martingale or things like that!!




Quoting mmaker
What if you were right, and Trade 1 took off nicely (without the need to add) then how do you decide on the target for this single position?
I decide at the moment not before
It's like scalping
No time to decide
Don't give up
  • #33
  • Edited Jun 16, 2013 3:08pm Jun 15, 2013 3:42pm | Edited Jun 16, 2013 3:08pm
Quoting geomink
{quote} never increase lot size never, never martingale or things like that!!
I saw some of your trades were like adding up to 7 positions. I would think it looks like this:
Trade 1: Buy at 1.3860, lot size = 0.01
Trade 2: Buy at 1.3850, lot size = 0.02
Trade 3: Buy at 1.3840, lot size = 0.03
Trade 4: Buy at 1.3830, lot size = 0.04
Trade 5: Buy at 1.3820, lot size = 0.05
Trade 6: Buy at 1.3810, lot size = 0.06
Trade 7: Buy at 1.3800, lot size = 0.07 (I'm guessing this would be the largest position at best price)

I understand your wish to hide the Lot Size and Money, but I'm actually researching into this area myself on strategies to scaling-in when the first trade goes against me and I haven't taken a stop loss. I will do some Demo testing and watch your trades too. Great ideas you've given me just from sharing your TradeExplorer.
No longer trading forex. Looking for full time job.
  • #34
  • Jun 15, 2013 3:58pm Jun 15, 2013 3:58pm
Quoting mmaker
+125% in only 12 trading days is amazing!
and what about drawdown?
:-)
Don't give up
  • #35
  • Jun 15, 2013 4:58pm Jun 15, 2013 4:58pm
Quoting mmaker
{quote} I can't tell from TradeExplorer report since it says "-0.0%".
In my case it's not a bug

;-)
Don't give up
  • #36
  • Jun 15, 2013 7:52pm Jun 15, 2013 7:52pm
Quoting geomink
{quote} I hope so, but it could happen; it's already happened in the past, so I know that it could happen again in the future {quote} to you too
the secret itīs called WITHDRAW... cash back some of your profits, so you can keep your hard discipline, and please stay focus...emotions will trap us, for sure, we have to make providence to when it happens, doesnīt hurt us!
  • #37
  • Jun 16, 2013 4:29am Jun 16, 2013 4:29am
Quoting xandi
{quote} the secret itīs called WITHDRAW...
Totally agreed Xandi!!!
Waiting for an amount of money to start withdrawal

The best.

Geo
Don't give up
  • #38
  • Jun 16, 2013 6:14am Jun 16, 2013 6:14am
Quoting geomink
{quote} Totally agreed Xandi!!! Waiting for an amount of money to start withdrawal The best. Geo
I think your trading concept (Not the same system) is similar to Daytrading/scalping with high leverage - my proven strategy.



This guy use high leverage to scalp few pips everyday, until he satisfy his daily return then stop it. He withdraw the cash once he achieve intended account level. By the way, he is doing full time. However, your system is safer because of your good MM.

IMO, the system is not really important (Buy and sell signal) for intraday trading, since i don't use indicator to trade because i have done indicator analysis before, so i know its limitation. In fact, MM is matter here, and i have done some test, so the conclusion is
1. If lot size is fixed, no matter how many trades to be made, result is not good (It doesn't matter how the accurate of the system) because RR is fixed to certain rate.
2. If lot size is not fixed and My using averaging up method, then RR become better rate.


To share part of my EA result, with modified of averaging up method, it has 2 outcome either all positions hit TP or one position hit SL only everyday. However, i am looking for a method to manage the SL because the overall RR is not good. So you can see the equity curve is not smooth enough. I am trying to use arithmetic and geometric calculation, not sure if it could have better RR. By the way, would you mind to share your MM concept (Don't post the calculation - It doesn't matter), or could you PM me your email address.

Appreciate.
Attached Image (click to enlarge)
Click to Enlarge Name: TesterGraph.gif Size: 13 KB
  • #39
  • Jun 16, 2013 1:05pm Jun 16, 2013 1:05pm
Quoting ~bull.bear~
{quote} I think your trading concept (Not the same system) is similar to Daytrading/scalping with high leverage - my proven strategy. This guy use high leverage to scalp few pips everyday
Hey Bull,

I don't know that thread but I don't think so.
I trade with small leverage (max. 10) and size ever.
Nothing else about MM as you asked me.

Hope it helps.

The best.

Geo
Don't give up
  • #40
  • Jun 16, 2013 1:45pm Jun 16, 2013 1:45pm
Geo

I have looked at your best trade on EURAUD correct me if im wrong but you was long and you add more even if your first entry was at a loss , you are kind of averraging your position ? im not against the concept of doing it ... it just a question
0 traders viewing now