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  • #1,201
  • Jul 11, 2013 2:15am Jul 11, 2013 2:15am
Quoting xtrader101
This is an agreement between Tafadzwa02 and Xtrader101 Date of agreement: July 11, 2013 Item of interest: Master yoda's (FF username: Tafadzwa02) account will be at or below 100 British pound before or on December 31, 2013 without withdrawals and deposit. Account balance as of July 10, 2013: 3,118 british pound Money at stake: US $100 Payable through paypal or other means Payment date: First business day of January 2014

  • #1,202
  • Jul 11, 2013 5:41am Jul 11, 2013 5:41am
Quoting xtrader101
This is an agreement between Tafadzwa02 and Xtrader101 Date of agreement: July 11, 2013 Item of interest: Master yoda's (FF username: Tafadzwa02) account will be at or below 100 British pound before or on December 31, 2013 without withdrawals and deposit. Account balance as of July 10, 2013: 3,118 british pound Money at stake: US $100 Payable through paypal or other means Payment date: First business day of January 2014

WOW
On my way to financial independence - if others can do it - I can do it
  • #1,203
  • Jul 11, 2013 10:49am Jul 11, 2013 10:49am
Quoting tafadzwa02
{quote} I am a man of my words , are you? If you are then I AM IN and we will see whether this will prove your honesty . The bet starts today after the £30 per pip trade I did yesterday .The Explorer will guide us in our checks
That's why i made this bet because i want you to be a man of your words. Right now, you're not a man of your words (in trading only), not even close as you keep saying one thing and do differently.
Fear prevent possibilities, and so does Greed
  • #1,204
  • Jul 11, 2013 11:01am Jul 11, 2013 11:01am
Quoting xtrader101
{quote} That's why i made this bet because i want you to be a man of your words. Right now, you're not a man of your words (in trading only), not even close as you keep saying one thing and do differently.

Lets wait and see, I just wanted to add that if I top up y account , then you just need to add that onto the £100 because that's how it works.I intend to top up my account so that should not work against me in this bet.
  • #1,205
  • Jul 11, 2013 4:41pm Jul 11, 2013 4:41pm
You can top up anytime and any amount you want (I expect that to happen anyway), it will just be added to the £100, so for example, you top up £10,000 before December 31, 2013, my bet would be the balance on or before December 31, 2013 is less £10,100.

To be clear with the bet: Your account will be less than £100 anytime before December 31, 2013.

This is the way I see it, you maintain your risk when you're winning, but when you're losing, you just panicked and trade carelessly. You been lucky the last 4 weeks, but all I need is ONE unlucky revenge trade to wipe your account ( I am not hoping that it will, but it's just is the way you trade so far). That's why I am betting with you to see if it does motivate you to stick to your the PLAN.
Fear prevent possibilities, and so does Greed
  • #1,206
  • Jul 12, 2013 4:00am Jul 12, 2013 4:00am
Quoting xtrader101
You can top up anytime and any amount you want (I expect that to happen anyway), it will just be added to the £100, so for example, you top up £10,000 before December 31, 2013, my bet would be the balance on or before December 31, 2013 is less £10,100. To be clear with the bet: Your account will be less than £100 anytime before December 31, 2013. This is the way I see it, you maintain your risk when you're winning, but when you're losing, you just panicked and trade carelessly. You been lucky the last 4 weeks, but all I need is ONE unlucky revenge...

Someone will be parting ways with his money at the beginning of next year.
"A fool and his money are soon parted."
"A foole & his money,
be soone at debate:
which after with sorow,
repents him to late."
Thomas Tusser
  • #1,207
  • Jul 12, 2013 4:09am Jul 12, 2013 4:09am
tafa as much as I like you - I think you're too confident and a month of profits after years of looses is not a good confirmation of reliability of system . it will turn against you. besides you need to start playing World of Tanks
start doing some sport - something that will allow you to focus on something else than trading - a man needs to rest

btw - 15.5% profit this week (three days trading) and 5.6% today and I am done till next Thursday - time to rest
On my way to financial independence - if others can do it - I can do it
  • #1,208
  • Jul 12, 2013 5:51am Jul 12, 2013 5:51am
Quoting Eur Usd
tafa as much as I like you - I think you're too confident and a month of profits after years of looses is not a good confirmation of reliability of system . it will turn against you. besides you need to start playing World of Tanks start doing some sport - something that will allow you to focus on something else than trading - a man needs to rest -----
I am not resting till the beast is defeated

Quoting Eur Usd
... btw - 15.5% profit this week (three days trading) and 5.6% today and I am done till next Thursday - time to rest...
I don't believe a word of yours , where is your explorer to prove it ? Is this live or Demo?
  • #1,209
  • Jul 12, 2013 6:43am Jul 12, 2013 6:43am
it's live on low amount of cash. and noone will see it as it affects my trading - I trade for myself. you can believe me or not.
I am still 15% down on this account but slowly going up.
On my way to financial independence - if others can do it - I can do it
  • #1,210
  • Jul 14, 2013 3:44pm Jul 14, 2013 3:44pm
To be fair with Master Yoda, I am not betting that his system will fail him as I think it works, but I am betting that his emotions will fail him, which I based on what I see when he had string of losses and he just loses his control.
Fear prevent possibilities, and so does Greed
  • #1,211
  • Jul 14, 2013 8:58pm Jul 14, 2013 8:58pm
Quoting xtrader101
To be fair with Master Yoda, I am not betting that his system will fail him as I think it works, but I am betting that his emotions will fail him, which I based on what I see when he had string of losses and he just loses his control.
he may just stop trading before he loses last 100 just to see you paying him another 100 LOL
On my way to financial independence - if others can do it - I can do it
  • #1,212
  • Jul 14, 2013 9:54pm Jul 14, 2013 9:54pm
Quoting Eur Usd
{quote} he may just stop trading before he loses last 100 just to see you paying him another 100 LOL
It may happen that way, but the way I see it, Master Yoda will go for the broke until the last dollar. This is the scenario I am looking at, Master Yoda will top up at least 1000 before December 31, 2013, in which case, the bet will now be account will be less 100 plus top up and then "BAM" he loss his control after 4 string of loses and took his account below 500, in which case, I will then collect my $100.
Fear prevent possibilities, and so does Greed
  • #1,213
  • Edited Jul 15, 2013 12:18am Jul 14, 2013 11:32pm | Edited Jul 15, 2013 12:18am
My Yoda lol.I am more determined than ever , in fact the $100 offer came at a time when I was actually saying to myself "I have to master this discipline NOW" so if this offer had come last year then I would have lost the bet , not now.
Nway , I am off from work for 3 days this week to do a Proof Of Concept (POC).I am trading full time at home.I have a feeling I will hit my 85 pip target just today .Let me give you my signals for today I have seen so far @07:30 GMT (This may change depending on Price Action)
1.AUDUSD - I am on this on the hrly trend , I traded on the back of the Morning Star Reversal .I will however wait to see how it will behave around the 0.9136 area.There is a strong Resistance there.If the market starts to act funny , I will close the buy , but won't sell because I believe its going further up
2.Strong Buy signal on GBPUSD @ around 1.5045 - Weekly Pivot , Signal 3 - Super Buy.- 30 pip target , 30 pip stop .This pair is looking to range soon , so would not bother trading long term , that's according to my statistics .
3.EURAUD - Buy Signal @ around 1.4255 - Signal 3 - Exit at bill Williams Closure above the red line on 15 Min , about 30 pips .Good trade.
4.GBPAUD - This is a dangerous pair , moves too fast , so Buy signal @ around 1.6509 , probably 50 pip stop , with same target as EURAUD, i.e around 80 pips target.

Will see how it goes .These are my signals just for today .
What more do you want ??

WEEKLY TIP

Trade USDJPY Range trades on the Hrly time frame this week .You will not go wrong.It will be swinging like mad with heavy whipsaws
  • #1,214
  • Jul 15, 2013 12:52am Jul 15, 2013 12:52am
Quoting tafadzwa02
What more do you want ??
eur/jpy?
On my way to financial independence - if others can do it - I can do it
  • #1,215
  • Edited 1:57pm Jul 15, 2013 1:22am | Edited 1:57pm
Quoting Eur Usd
{quote} eur/jpy?
Just coming back from a school run .
EURJPY is going up if it reaches 130.59, I got a Daily signal (Jimmy Young Daily Signal) to say it will finish up today but no entry , so I am leaving it.
If it comes back and closes below the red line on 15Min , Bill Williams Alligator , I will might buy it with less than 20 pip stop .The bottom line is , if it reaches 130.59 , come the end of today the daily candlestick will be Blue (Bullish)

Did you trade this one? Closure below the red line on 15Min , less than 20 pip stop , 30 pip target.I said it BEFORE
  • #1,216
  • Jul 15, 2013 3:01am Jul 15, 2013 3:01am
Quoting tafadzwa02
....Let me give you my signals for today I have seen so far @07:30 GMT (This may change depending on Price Action) 1.AUDUSD - I am on this on the hrly trend , I traded on the back of the Morning Star Reversal .I will however wait to see how it will behave around the 0.9136 area.There is a strong Resistance there.If the market starts to act funny , I will close the buy , but won't sell because I believe its going further up .....
This is becoming a bit Tricky but will Trade as originally intended.

Quoting tafadzwa02
........2.Strong Buy signal on GBPUSD @ around 1.5045 - Weekly Pivot , Signal 3 - Super Buy.- 30 pip target , 30 pip stop .This pair is looking to range soon , so would not bother trading long term , that's according to my statistics....
Banked already

Quoting tafadzwa02
........ 3.EURAUD - Buy Signal @ around 1.4255 - Signal 3 - Exit at bill Williams Closure above the red line on 15 Min , about 30 pips .Good trade.....
Signal No Longer Valid

Quoting tafadzwa02
....4.GBPAUD - This is a dangerous pair , moves too fast , so Buy signal @ around 1.6509 , probably 50 pip stop , with same target as EURAUD, i.e around 80 pips target. ....
Signal No Longer Valid
  • #1,217
  • Jul 15, 2013 5:13am Jul 15, 2013 5:13am
This is quite hard to do as a full time job , trust me.The experience I am having now is quite different from my normal usual trading where I just trade , go to work , check my trades and possibly close.
I haven't left this PC since coming back from my school run .It's not good for my health as well.I am a bit more nervous than normal ,and I already have done 5 trades in less than 6 hrs.This is not working
  • #1,218
  • Jul 15, 2013 5:45am Jul 15, 2013 5:45am
The reason its stressful is that you are overleveraged in your trades.

Divide your risk by a multiple of 10 and you can go to bed safely.

Instead of putting 4 lots ($40) in a trade, make it 0.4 ($4) or better yet, 0.04 (40 cents) per position.
In the days of old when sailors were bold, and seldom if ever contented.
  • #1,219
  • Jul 15, 2013 5:50am Jul 15, 2013 5:50am
Quoting pt49
The reason its stressful is that you are overleveraged in your trades. Divide your risk by a multiple of 10 and you can go to bed safely.

No , I read your response on your thread and could not make , head or tail of it.Its quite complicated this overleveraging stuff.I just trade about 3.5% risk per trade .That is what i think goes with my system.Besides , I can see you are doing well these days
  • #1,220
  • Jul 15, 2013 5:57am Jul 15, 2013 5:57am
Quoting tafadzwa02
{quote} I just trade about 3.5% risk per trade .That is what i think goes with my system.
3.5% risk is quite high in my opinion. By reducing that risk to say 0.4% the losing trades won't hurt as much. Losing 3.5% on a single trade 3 or 4 trades in a row will usually lead to revenge trading.

Quote
Besides , I can see you are doing well these days
I've modified my strategy conciderably and so far its looking ok, but no way would I be risking what you are, even with 90% winning trades.

I might add that I'm still down about 20% in 14 months since I started my Maximizer account.
In the days of old when sailors were bold, and seldom if ever contented.
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