Elite Trading Method | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Simplicity is the ultimate form of sophistication ( Elite ) 866 replies

Elite Predator - News Trading Idea to EA/Indicator System 17 replies

bo7a method... method for GBP/JPY 205 replies

elite's personal journal 28 replies

Attachments: Elite Trading Method
Exit Attachments

Elite Trading Method

  • #21
  • Oct 29, 2013 3:02am Oct 29, 2013 3:02am
Quoting Chicky
Poll is on page 1, in case you want to reconsider your decision of joining or staying away from being an Elite

Now that rules are more clear I have to resign. I can only comply to may be 3 things, other things I see differently (especially about entries and exits considering short term statistical arbitrage, but also MM and the amount of trade opened; I believe both need to be dynamic as market is dynamic). I wish you good luck!
  • #22
  • Oct 29, 2013 3:03am Oct 29, 2013 3:03am
I took the EU short as well with a 30 pip sl

Maybe you should consider putting everything into the original post.

People might be able to understand your idea with this better

Good luck with this, whatever your goal for it may be (sharing ideas?)
Be hopeful in a winning position, and fearful in a losing position.
  • #23
  • Oct 29, 2013 3:48am Oct 29, 2013 3:48am
Quoting Chicky
I suspected for quite sometime but only today got confirmation that I have limited time and therefore want to pass on as much as I can with as little as I know.
Life's too short, Chicky, have fun.
  • #24
  • Edited 8:35am Oct 29, 2013 7:14am | Edited 8:35am
Quoting Mr Hatch
{quote} Life's too short, Chicky, have fun.
Contacted Egyptian govt.. They replied their Mummification services are no longer offered to public. Have to wait for about 700 years before next rep is available. They say technical but I suspect it's political problems they are having.
The Thief of Wall Street
  • #25
  • Oct 29, 2013 7:19am Oct 29, 2013 7:19am
Quoting IndigoPingvi
{quote} Now that rules are more clear I have to resign. I can only comply to may be 3 things, other things I see differently (especially about entries and exits considering short term statistical arbitrage, but also MM and the amount of trade opened; I believe both need to be dynamic as market is dynamic). I wish you good luck!
Thanks for the feedback. Do keep on visiting and sharing. This is how we progress.
The Thief of Wall Street
  • #26
  • Oct 29, 2013 7:21am Oct 29, 2013 7:21am
Quoting Rag2RichesFX
I took the EU short as well with a 30 pip sl Maybe you should consider putting everything into the original post. People might be able to understand your idea with this better Good luck with this, whatever your goal for it may be (sharing ideas?)
Thanks Rag. Will do that. Good idea..... Getting old, should have thought earlier.
The Thief of Wall Street
  • #27
  • Oct 29, 2013 6:52pm Oct 29, 2013 6:52pm
Quoting Chicky
{quote} Thanks Rag. Will do that. Good idea..... Getting old, should have thought earlier.
Done ............. http://www.forexfactory.com/showthread.php?t=454317
The Thief of Wall Street
  • #28
  • Oct 29, 2013 10:11pm Oct 29, 2013 10:11pm
Quoting Mr Hatch
{quote} Life's too short, Chicky, have fun.
Wait, wait, wait. You were saying something along the lines terminal illness? I figured you had something to do and had to go do it right then. You should state so, though, that probably brings more red flags for me. If true, sorry.
Play the players, not the cards.
  • #29
  • Edited 11:25pm Oct 30, 2013 11:11pm | Edited 11:25pm
Trade 1
Date and time: Oct 30, 2013

Move: 1.3472 to 1.3832 = 360 pips
Mid = 1.3652
Pending buy at 1.3652 +3* = 1.3655
TP: 1.3652 + 0.0360 = 1.4012 - 6* = 1.4006
SL = 1.3472 - 6* = 1.3466
Account Balance: Will post later (Estimate $700)
Risk 1/4th of 1% = will post the dollar amount later (Estimated $1.75)
TP in dollars = Estimated $700 * 0.05% = $3.5
Outcome: N/A yet
New account balance = N/A yet

* Cushion of 3 pips for entry and 6 pips for exits
Attached Image
The Thief of Wall Street
  • #30
  • Oct 30, 2013 11:30pm Oct 30, 2013 11:30pm
Quoting Chicky
Trade 1 Date and time: Oct 30, 2013 Move: 1.3472 to 1.3832 = 360 pips Mid = 1.3652 Pending buy at 1.3652 +3* = 1.3655 TP: 1.3652 + 0.0360 = 1.4012 - 6* = 1.4006 SL = 1.3472 - 6* = 1.3466 Account Balance: Will post later (Estimate $700) Risk 1/4th of 1% = will post the dollar amount later (Estimated $1.75) TP in dollars = Estimated $700 * 0.05% = $3.5 Outcome: N/A yet New account balance = N/A yet * Cushion of 3 pips for entry and 6 pips for exits {image}
The above trade is an example how Elites will post their trades here. I expect my actual trades much shorter in number of pips, maybe 50 to 100 pips. There is no restriction when you want to post your trades, before, after, or long after they conclude. However, you will be asked to provide proof of your trades if in the future you consent to be considered for Grand Elite's status.
The Thief of Wall Street
  • #31
  • Edited Oct 31, 2013 12:05am Oct 30, 2013 11:37pm | Edited Oct 31, 2013 12:05am
Quoting Chicky
{quote} The above trade is an example how Elites will post their trades here. I expect my actual trades much shorter in number of pips, maybe 50 to 100 pips. There is no restriction when you want to post your trades, before, after, or long after they conclude. However, you will be asked to provide proof of your trades if in the future you consent to be considered for Grand Elite's status.
It is not necessaary to take the trade exactly at 50% fib. Elite's can take trades earlier or later, also a trade can be broken into parts, but the total risk of all the parts should be exactly 0.25% of account balance. I repeat, the risk should be exactly 0.25%, no more no less. As stated in the rules, you can abandon a trade any time you like.
The Thief of Wall Street
  • #32
  • Oct 31, 2013 12:11am Oct 31, 2013 12:11am
Quoting Chicky
{quote} It is not necessaary to take the trade exactly at 50% fib. Elite's can take trades earlier or later, also a trade can be broken into parts, but the total risk of all the parts should be exactly 0.25% of account balance. I repeat, the risk should be exactly 0.25%, no more no less. As stated in the rules, you can abandon a trade any time you like.
Use a demo account and not a real live account no matter how big or small it is. In the demo account, take trades only as per the rules. You can use an existing demo account (like I intend to do) but once you start taking trades under Elite Method of Trading in this account, take no other trades. We will need an unbroken and complete history of all the trades taken under the rules for selecting a Grand Elite.

Please do not under-estimate profitability of this method. You will be able to take several trades of few pips in a day under this system.
The Thief of Wall Street
  • #33
  • Oct 31, 2013 12:20am Oct 31, 2013 12:20am
Quoting Chicky
{quote} Use a demo account and not a real live account no matter how big or small it is. In the demo account, take trades only as per the rules. You can use an existing demo account (like I intend to do) but once you start taking trades under Elite Method of Trading in this account, take no other trades. We will need an unbroken and complete history of all the trades taken under the rules for selecting a Grand Elite. Please do not under-estimate profitability of this method. You will be able to take several trades of few pips in a day under this...
Under the rules you can go for a TP as low as 45 pips with a SL of 23 pips. The current pa at 1.3709 is at a mid of a 40 pip move. This is just outside of our scope of trade set-ups.
The Thief of Wall Street
  • #34
  • Oct 31, 2013 5:37am Oct 31, 2013 5:37am
Is this a parody of a trading thread lol?
  • #35
  • Oct 31, 2013 5:52am Oct 31, 2013 5:52am
Quoting TranceTrader
Is this a parody of a trading thread lol?
I suspect Chicky is having fun
si hoc legere scis nimium eruditionis habes
  • #36
  • Oct 31, 2013 5:57am Oct 31, 2013 5:57am
Quoting TranceTrader
Is this a parody of a trading thread lol?
I don't know. It seems he studied a lot. In any case I have huge respect for those who have Trade Explorer public. It shows he has balls.
  • #37
  • Oct 31, 2013 6:08am Oct 31, 2013 6:08am
Quoting IndigoPingvi
{quote} I don't know. It seems he studied a lot. In any case I have huge respect for those who have Trade Explorer public. It shows he has balls.
Did you actually look at his Trade Explorer? It's a demo account which he has lost over 90% of. In post #32 he insists his followers only use a demo account and risk 0.25%. With his account reduced to ~$600, he is risking about 1.5 demo dollars per trade
si hoc legere scis nimium eruditionis habes
  • #38
  • Oct 31, 2013 6:19am Oct 31, 2013 6:19am
Quoting numbnuts
{quote} Did you actually look at his Trade Explorer? It's a demo account which he has lost over 90% of. In post #32 he insists his followers only use a demo account and risk 0.25%. With his account reduced to ~$600, he is risking about 1.5 demo dollars per trade

28 minutes ago a trade was closed with 64 pips in red and that represented 23% of account. So I don't know about his requirement of 0.25%. But to tell you the truth, I thought it was live account. Clumsy penguin I am.
  • #39
  • Nov 1, 2013 8:43am Nov 1, 2013 8:43am
I like Chicky.

He doesn't give up.
  • #40
  • Nov 3, 2013 3:52am Nov 3, 2013 3:52am
Me thinks, some aren't getting the point. Back to the rules-section.
0 traders viewing now