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Elite Trading Method

  • #41
  • Nov 3, 2013 2:06am Nov 3, 2013 2:06am
Quoting Chicky
I repeat, the risk should be exactly 0.25%, no more no less.
Why do you think in that number, exactly that one?
I want to buy PATIENCE
  • #42
  • Nov 6, 2013 5:25pm Nov 6, 2013 5:25pm
Quoting matheszabi
{quote} Why do you think in that number, exactly that one?
This is based on a calculation. I will explain later. Currently writing from my phone.
I have yet to take my first trade. The 96 unit one was a mistake and not according to Elite method will explain later
trying to get my account back at $700
The Thief of Wall Street
  • #43
  • Nov 6, 2013 6:48pm Nov 6, 2013 6:48pm
Quoting Chicky
{quote} This is based on a calculation. I will explain later. Currently writing from my phone. I have yet to take my first trade. The 96 unit one was a mistake and not according to Elite method will explain later trying to get my account back at $700
On that calculation I am interested. I made me too a couple times, I have learnt a lot from you, but in my calculation is a way above 2%.
I hope I will learn something new or usefully from you again.
I want to buy PATIENCE
  • #44
  • Nov 6, 2013 9:32pm Nov 6, 2013 9:32pm
Quoting matheszabi
{quote} On that calculation I am interested. I made me too a couple times, I have learnt a lot from you, but in my calculation is a way above 2%. I hope I will learn something new or usefully from you again.

I am now back at work desk. Trying to finalize a partnership deal for the past two days. The legal documentation and lawyers' shit is still to come next week. Don't know how much time I will have for FF, anyway. here is the logic

There are two ways to make optimum money from this market:

1. You enter a long term very heavy position with maximum leverage and keep on pyramiding as account grows, fortunate enough that pa doesn't hit your shoe string stop-loss. You cash in when target is achieved.

2. Make very frequent heavy trades for few pips with tight stop-losses, again fortunate enough that your win/loss ratio remains very high.

The major disadvantage of the 2. above is the broker's spread. Therefore, I decided to reduce "spread to win ratio" by suggesting trades for 45 or more pip moves. If we enter at 50% retrace, our smallest trades will have approximately 22 or 23 pip sl. Not ideal to pay 2 to 4 pips of spread (on both entry and exit) but bigger trades will reduce trade frequency.

Now, since we will be attempting many trades a week or even a day, there is great chance that we may encounter a series of losses. 1/4th of a percent is low enough for us to survive these losing streaks.

Why exactly 1/4th of a percent of the LATEST ACCOUNT BALANCE is because if we encounter a series of losses, our next loss is always little less than the previous loss and if we experience a series of winning trades, our next win will be bigger than the previous win. In other words, we are making compounding effect to work for us in maximizing our wins and minimizing our losses.

I am still working on an spread sheet, trying to figure out where my calculation went wrong for that 96 units trade. The trade itself was ok, it resulted in calculated loss but I think I missed one step. Trying to figure out what I missed. Even if I had not missed anything in this trade, it would still have resulted in a loss. I am not concerned about the loss, but have to find out what I missed, if I did............... Today is not a good day to this calculation, mind is not working maybe tomorrow.

Once I figure it out, will be ready to place the next trade. I think it is better to start with whatever account balance I have in that demo account. With Elite Trading Method it won't take long to convert $300 to $3,000 and then $30,000
The Thief of Wall Street
  • #45
  • Nov 6, 2013 9:50pm Nov 6, 2013 9:50pm
Quoting IndigoPingvi
{quote} 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.
LOL. Trade explorer has nothing to do with this system yet. Only one trade of 96 units, that also was an incorrect one. But I like it when people comment on my trade explorer result. If you dig the history of this explorer with related posts, you may be surprised to note that it is in fact 4% in profit. But it means nothing, because with the kind of risk I have been taking on this explorer, it is like a headless chicken, can end-up anywhere or even nowhere. But one thing I tell you, it will be $30,000 if you remain on FF long enough............. did i mention "it will be"?
The Thief of Wall Street
  • #46
  • Nov 6, 2013 9:53pm Nov 6, 2013 9:53pm
Quoting Chicky
{quote} LOL. Trade explorer has nothing to this with system yet. Only one trade of 96 units, that also was an incorrect one. But I like it when people comment on my trade explorer result. If you dig the history of this explorer with related posts, you may be surprised to note that it is in fact 4% in profit. But it means nothing, because with the kind of risk I have been taking on this explorer, it is like a headless chicken, can end-up anywhere or even nowhere. But one thing I tell you, it will be $30,000 if you remain on FF long enough................
Where the hell is my explorer? I don't like when it is not visible to all. Let me go back to settings and bring it back.
The Thief of Wall Street
  • #47
  • Nov 7, 2013 1:02pm Nov 7, 2013 1:02pm
Quoting Chicky
{quote}But one thing I tell you, it will be $30,000 if you remain on FF long enough............. did i mention "it will be"?
I hope I will be here! I am really trying hard. The method I am developing looks good, but I need to be more strict on the rules. I still have a lot to learn. Account number 14 survived 7 weeks, that is basically the longest run. According to my plan I should be at 30k in 22 weeks (now at 750). We'll talk then. Good luck!
  • #48
  • Nov 11, 2013 4:34pm Nov 11, 2013 4:34pm
OK
for target 1.400, watch it go 1.3700, then wait. If it comes back to 1.3550 buy . SL at 1.3400
for target 1.3100, watch it go 1.3250, then sell if it comes back to 1.3325. SL at 1.3400
The Thief of Wall Street
  • #49
  • Nov 11, 2013 5:01pm Nov 11, 2013 5:01pm
Will enter one of the above trades at exact levels, not the rounded off levels mentioned above.
But first need some money in my account and therefore taking high leveraged trades based on Feel Good indicator
......... Walmart just shipped my 6th wife
The Thief of Wall Street
  • #50
  • Nov 16, 2013 5:39pm Nov 16, 2013 5:39pm
Quoting Chicky
Will enter one of the above trades at exact levels, not the rounded off levels mentioned above. But first need some money in my account and therefore taking high leveraged trades based on Feel Good indicator ......... Walmart just shipped my 6th wife
OK, I now have about $300 in my account, good enough to start using Elite Method on smaller timeframes.
Will be taking 20/25 pip trades for moves of 45 to 100 pips.
expecting a success ratio of 70% with r/r of 1:2. With 0.25% risk and 0.5% reward, 2 or 3 trades per day will grow the account to $40,000 in a year.........
Log on after one year to comment.
The Thief of Wall Street
  • #51
  • Nov 16, 2013 10:30pm Nov 16, 2013 10:30pm
Quoting Chicky
{quote} OK, I now have about $300 in my account, good enough to start using Elite Method on smaller timeframes. Will be taking 20/25 pip trades for moves of 45 to 100 pips. expecting a success ratio of 70% with r/r of 1:2. With 0.25% risk and 0.5% reward, 2 or 3 trades per day will grow the account to $40,000 in a year......... Log on after one year to comment.
OK. Just finished my homework. Here are the levels I gonna play.

D Move #1
High
3832
Bounce
3295
# of Pips
537
#/2
269
Target
2758
#/4
135
Trade
3697
Trade
3562
Trade
3427
Trade
3292
Trade
3157
Trade
3022
Trade
2887
Trade
2752
D Move #2
H
3832
B
3441
BP
391
BP/2
196
L
3050
BP/4
98
Trade
3734
Trade
3636
Trade
3538
Trade
3440
Trade
3342
Trade
3244
Trade
3146
Trade
3048
Or simply trade
3734

3697

3636

3562

3538

3440

3427

3342

3292

3244

3157

3146

3048

3022

2887

2752
The Thief of Wall Street
  • #52
  • Nov 16, 2013 11:11pm Nov 16, 2013 11:11pm
Calculating more levels. Once its done, wont have to calculate all my life. Just trade.
The Thief of Wall Street
  • #53
  • Nov 16, 2013 11:57pm Nov 16, 2013 11:57pm
Quoting Chicky
Calculating more levels. Once its done, wont have to calculate all my life. Just trade.
I did a minor mistake but cannot correct it now. I mixed two bear move and five bull move numbers. But that should not make a difference because many times pa makes bull moves at bear numbers and vice versa.

I will be making 20/25 pip trades at these numbers following Elite Method. The only thing I did different is that I have calculated these levels in advance based on past moves. This should not make a difference.

The numbers in red have stronger chance of showing a bounce. My working has exact number of pips for such bounces, but I will be taking trades of only 45 pips at these levels. Some of these marked levels are good even for a reversal of 250 to 500 pips. Since I have divided my moves into several smaller components, don't have to worry if I would miss a big trade. I will be playing the whole move in smaller parts. This way, not only I will be playing the whole move, but its corrections with high success probability. Why I say this is because while compiling these numbers from seven different moves, I had to delete many duplicate, triplicate and quardriplicate numbers indicating that all these moves are interlinked. This is not strange, look at any chart and you would notice precise patterns. Translate these patterns into figures and you will also notice this connection.




4909

4640
4559
4377
4371
4196
4192
4155
4102
4024
4014
3922
3893
3832
3761
3742
3734
3698
3652
3650
3637
3630
3562
3539
3499
3472
3469
3441
3429
3368
3343
3295
3287
3246
3236
3161
3148
3105
3050
3027
3024
2892
2758
2755
The Thief of Wall Street
  • #54
  • Nov 17, 2013 12:07am Nov 17, 2013 12:07am
Quoting Chicky
{quote} I did a minor mistake but cannot correct it now. I mixed two bear move and five bull move numbers. But that should not make a difference because many times pa makes bull moves at bear numbers and vice versa. I will be making 20/25 pip trades at these numbers following Elite Method. The only thing I did different is that I have calculated these levels in advance based on past moves. This should not make a difference. The numbers in red have stronger chance of showing a bounce. My working has exact number of pips for such bounces, but I will...
Always teach a man how to fish
Never give a man a fish ............................ they smell very bad.
The Thief of Wall Street
  • #55
  • Nov 17, 2013 12:55am Nov 17, 2013 12:55am
Quoting Chicky
{quote} OK, I now have about $300 in my account, good enough to start using Elite Method on smaller timeframes. Will be taking 20/25 pip trades for moves of 45 to 100 pips. expecting a success ratio of 70% with r/r of 1:2. With 0.25% risk and 0.5% reward, 2 or 3 trades per day will grow the account to $40,000 in a year......... Log on after one year to comment.
That's a nice dream you have there.
  • #56
  • Nov 17, 2013 1:12am Nov 17, 2013 1:12am
Quoting TranceTrader
{quote} That's a nice dream you have there.
Yes, its really a nice one. have you checked the calculations yet? They are way too off, aren't they? because these are not based on calculators but actual results ............... of many decades? Do you know who I am? How much money I have made or lost in forex? What I do? am I male or female? do I have five wives or five husbands?........... If you don't know much of it, you should better wait until December 2014 to know how it turns out.
The Thief of Wall Street
  • #57
  • Nov 17, 2013 1:16am Nov 17, 2013 1:16am
Quoting Chicky
{quote} Yes, its really a nice one. have you checked the calculations yet? They are way too off, aren't they? because these are not based on calculators but actual results ............... of many decades? Do you know who I am? How much money I have made or lost in forex? What I do? am I male or female? do I have five wives or five husbands?........... If you don't know much of it, you should better wait until December 2014 to know how it turns out.
........... and one more thing, I just did something to show people like you how to make money........................... I just bought a Lotto Ticket.
The Thief of Wall Street
  • #58
  • Nov 17, 2013 1:30am Nov 17, 2013 1:30am
You're clearly deluded but carry on with your fantasy. As for the "do you know who I am" questions, it would appear you're someone who is planning to demo trade for a year expecting a 13,300% return... good luck with that.
  • #59
  • Nov 17, 2013 12:29pm Nov 17, 2013 12:29pm
Quoting TranceTrader
You're clearly deluded but carry on with your fantasy. As for the "do you know who I am" questions, it would appear you're someone who is planning to demo trade for a year expecting a 13,300% return... good luck with that.
Thanks for wishing me well.
Every one dreams, some big , some small. But one thing I know if you dream small will remain small
The Thief of Wall Street
  • #60
  • Nov 17, 2013 12:34pm Nov 17, 2013 12:34pm
Quoting Chicky
{quote} Thanks for wishing me well. Every one dreams, some big , some small. But one thing I know if you dream small will remain small
Have to get back to work. Yesterday signed a deal that may grow my business 100 times more in a year
The Thief of Wall Street
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