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Trading from an Experienced and Successful FULL TIME Trader

  • #81
  • Nov 10, 2013 2:17pm Nov 10, 2013 2:17pm
Quoting doriotcapita
{quote} LOL! Yes it's up but I'm debating on who I want to see it. I'm still undecided.

Your claimed an 80% success rate in your earlier post. I'm on the edge of my seat here.
  • #82
  • Nov 10, 2013 2:23pm Nov 10, 2013 2:23pm
Quoting backinblackl
{quote} Your claimed an 80% success rate in your earlier post. I'm at the edge of my seat here.
I'm actually at about 82% last week and 75% for October.
  • #83
  • Nov 10, 2013 2:27pm Nov 10, 2013 2:27pm
Quoting doriotcapita
{quote} I'm actually at about 82% last week and 75% for October.

Great result! What's your overall ROI?
  • #84
  • Nov 10, 2013 2:31pm Nov 10, 2013 2:31pm
Quoting doriotcapita
{quote} I'm actually at about 82% last week and 75% for October.
Actually let me clarify, I traded 3 of my accounts last week. The largest one I did 79%, the middle one was 80% and the smaller and highest risk account was in the 90's.
  • #85
  • Nov 10, 2013 2:34pm Nov 10, 2013 2:34pm
Quoting bradu
"I have been trading for about 10 years and I started off trading penny stocks; I then moved to larger cap stocks and options. Several years ago I met a very successful forex trader and I started trading forex, as there were many pros (vs cons) that the other markets did not offer. I have received teaching from some of the BEST traders in the stock and forex markets; many of whom worked years on the trading floor of the NYSE and other major markets. Some of my mentors were actual market makers, and have taught me the tricks of MM's and how exactly...
I know successful (ie, consistently profitable) traders. That doesn't necessarily mean they get to live the high life though. To live the high life from trading income alone one also needs a significant capital base to trade with (compounding effect takes time, often a long time).
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #86
  • Nov 10, 2013 2:34pm Nov 10, 2013 2:34pm
Quoting backinblackl
{quote} Great result! What's your overall ROI?
The actual ROI varied quite a bit. The high risk was 20.96% and the largest one was just over 1%. The middle account was in the middle. It should be noted that the high risk I trade quite large while the large account is my life savings and I trade quite conservatively. If I told u the risk per trade you would laugh Lol.
  • #87
  • Nov 10, 2013 2:37pm Nov 10, 2013 2:37pm
Quoting vox dei
{quote} I know successful (ie, consistently profitable) traders. That doesn't necessarily mean they get to live the high life though. To live the high life from trading income alone one also needs a significant capital base to trade with (compounding effect takes time, often a long time).
True. It does take a considerable amount of time. It also depends on your definition of the high life. To me that means having people who love and care about you and being in the position where you can freely help others.
  • #88
  • Nov 10, 2013 2:38pm Nov 10, 2013 2:38pm
Quoting forexvegan
{quote} I would like to see it. More importantly as a Christian Brother I would like you to teach me how to fish so I can feed myself.
That's why I started the thread! To HELP.
  • #89
  • Nov 10, 2013 2:45pm Nov 10, 2013 2:45pm
I still don't understand your entry rules and how you use the indicators exactly. You buy when price breaks thru a double top, triple top etc? or wait for price to break thru, fall back and buy from there? and use the coral for confirmation?
Faith ends where worry begins, and worry ends where faith begins.
  • #90
  • Nov 10, 2013 2:48pm Nov 10, 2013 2:48pm
This is really good stuff with some of the best discussion of S/R and how price reacts to it - definately 'gold nuggets.' Thank you.
  • #91
  • Nov 10, 2013 2:51pm Nov 10, 2013 2:51pm
Quoting piprac
This is really good stuff with some of the best discussion of S/R and how price reacts to it - definately 'gold nuggets.' Thank you.
You are very welcome! Let me know if I can help further
  • #92
  • Nov 10, 2013 2:53pm Nov 10, 2013 2:53pm
Thanks for posting your strategies and methods doriotcapita... the concepts are very sound indeed!

Plz, just ignore the toxic riff raff and don't let it get you down.

~fighter
  • #93
  • Nov 10, 2013 2:54pm Nov 10, 2013 2:54pm
Quoting forexvegan
I still don't understand your entry rules and how you use the indicators exactly. You buy when price breaks thru a double top, triple top etc? or wait for price to break thru, fall back and buy from there? and use the coral for support?
Hello Vegan! You are basically looking for a trend and a pullback to STRONG support if the trend is up and resistance if the trend is down and using thv for entries :-) private message me if you are still confused and we can skype or something.
  • #94
  • Nov 10, 2013 2:56pm Nov 10, 2013 2:56pm
Quoting fighterdude
Thanks for posting your strategies and methods doriotcapita... the concepts are very sound indeed! Plz, just ignore the toxic riff raff and don't let it get you down. ~fighter
Certainly! I will not forget this sound advice! :-D
  • #95
  • Edited 6:10pm Nov 10, 2013 2:57pm | Edited 6:10pm
Quoting doriotcapita
{quote} Hello Vegan! You are basically looking for a trend and a pullback to STRONG support if the trend is up and resistance if the trend is down and using thv for entries :-) private message me if you are still confused and we can skype or something.
Okay thanks.
Faith ends where worry begins, and worry ends where faith begins.
  • #96
  • Nov 10, 2013 3:03pm Nov 10, 2013 3:03pm
I use a similar method in my own trading as well and it has proven to work time after time.... because quite simply... IT MAKES DARN SENSE!

Break retest... break retest... break retest...

Here is a cool level on EURUSD to watch this week, for use with this system.

If I may post a chart...

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD S&R.png Size: 53 KB
  • #97
  • Nov 10, 2013 3:06pm Nov 10, 2013 3:06pm
Quoting doriotcapita
{quote} True. It does take a considerable amount of time. It also depends on your definition of the high life. To me that means having people who love and care about you and being in the position where you can freely help others.
Your definition of high life pretty much sums it up for me as well. Not really the materialistic/consumerist type.
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #98
  • Nov 10, 2013 3:08pm Nov 10, 2013 3:08pm
doriot,

is this example below a trade you would consider taking ?

The first chart a 1h GbpJpy , breakout above a several times tested resistance (marked with 2 red horizontal lines), and then a pullback into big support zone (arrow mark) ?

Second chart, is 15min, same situation, entry would be vertical red dotted line, and stop green line below swing low, and target 1:1 in this case at the high (blue line)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpyh1doriotmeth.png Size: 64 KB
Click to Enlarge Name: gbpjpym15doriotmeth.png Size: 55 KB
consistency wins
  • #99
  • Nov 10, 2013 3:15pm Nov 10, 2013 3:15pm
Quoting doriotcapita
{quote} Actually no I don't consider those results reason for any "euphoric" reasons. I've been helping my friends for years and decided to reach out and help others. Is there a reason why you are so skeptical and critical about what I'm saying?
I'm quite skeptical each time I stumble upon a thread of this caliber. The ''trained by experts trader with a tenure in trading stocks and then moving to fx trading forums to serve as an altruistic guru'' ,is a scenario I have personally witnessed before, believe it or not.
I wish you well though. I'm sure you have something to teach the people looking for the truth about market.
Later
  • #100
  • Nov 10, 2013 3:21pm Nov 10, 2013 3:21pm
Quoting backinblackl
{quote} I'm quite skeptical each time I stumble upon a thread of this caliber. The ''trained by experts trader with a tenure in trading stocks and then moving to fx trading forums to serve as an altruistic guru'' ,is a scenario I have personally witnessed before, believe it or not.
LOL well that's not a surprise. FEW people can successfully execute a trading plan. Discerning is good but not skepticism. I always give someone the benefit of the doubt unless i find reason not to...I just don't trust what they say til they prove themself, but of course I don't tell them that haha
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