Rags to Riches in 10 or 20 Trades - Simplicity at its finest | Page 54 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Rags to Riches 21 replies

Rags To Riches 203 replies

rags to more rags.. and even more rags! 19 replies

Rags to rags and ice cream 36 replies

Rags To Riches Take 2 24 replies

Attachments: Rags to Riches in 10 or 20 Trades - Simplicity at its finest
Exit Attachments

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

  • #1,061
  • Nov 11, 2013 1:03am Nov 11, 2013 1:03am
Quoting FerruFx
{quote} Just click on the "start new thread" button in the right forum!
lol...ok thanks I didn't check
As the lights go by so too do the shadows move
  • #1,062
  • Nov 11, 2013 1:14am Nov 11, 2013 1:14am
Quoting Matts Micro
{quote} I normally don't trade steep TL's as it can make the PA unpredictable and often there are false BO's. On the 4 hour the TL however is there and if the PA continues to challenge it there may be a trade. Keep it going, the more peoples input we get the better chances of survival
You learn something new every day thanks for that tip.

Ok then the trade explorer is up and waiting for our first trade! I am watching the eur pairs as I think the euro will bounce back in the next couple of days. Come on, red hot set ups now please!
  • #1,063
  • Nov 11, 2013 1:24am Nov 11, 2013 1:24am
Quoting Rag2RichesFX
listen to trance it will give you the power to short EU 1.3810 sl 1.3842 tp 1.3490 with 50 to 200 leverage http://www.youtube.com/watch?v=o-T61s1_5RM
Shall I place the order?
  • #1,064
  • Nov 11, 2013 1:25am Nov 11, 2013 1:25am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting jen101
{quote} Shall I place the order?
That should be a great trade
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,065
  • Nov 11, 2013 1:33am Nov 11, 2013 1:33am
Quoting FerruFx
{quote} That should be a great trade
Done
  • #1,066
  • Nov 11, 2013 1:39am Nov 11, 2013 1:39am
Quoting Matts Micro
{quote} Perhaps a trade this? (current time). Pointers- London open can cause whipsaw and false bo. Price is around .9387 need to be aware of the .9400 mark if it goes to top side. Any comments appreciated. {image}
bummer. I would of been at b.e. by now if EU didn't go off by itself on its own tangent (uncorrelated move).
As the lights go by so too do the shadows move
  • #1,067
  • Nov 11, 2013 2:58am Nov 11, 2013 2:58am
Euro is moving up well now as I thought. Looks like aud is weakest, followed by jpy and we are seeing the biggest moves on these two. I am waiting for setups on these but I won't recommend any entries for the challenge as I really am not confident at 1:2. 1:1 yes. I need that little bit more breathing space.

Anyone agree with me and is better at entries?
  • #1,068
  • Nov 11, 2013 5:35am Nov 11, 2013 5:35am
Quoting Matts Micro
{quote} Perhaps a trade this? (current time). Pointers- London open can cause whipsaw and false bo. Price is around .9387 need to be aware of the .9400 mark if it goes to top side. Any comments appreciated. {image}
This trade just completed 25tp/12sl (1:400). 15 minute tf is probably too small to be trading this, a 30min+ would cover the pips quicker. I bring the SL to B.E. about half way through then have a do or die sort of attitude.
Basic strat. but if the pips are there....
Attached Image (click to enlarge)
Click to Enlarge Name: audusd 3.png Size: 46 KB
As the lights go by so too do the shadows move
  • #1,069
  • Nov 11, 2013 6:03am Nov 11, 2013 6:03am
Quoting jen101
I have my eye on EJ. Well? Come on all you trading brains, let's get constructive {image}
I just checked this. Your trade would have worked out well. wd.
As the lights go by so too do the shadows move
  • #1,070
  • Nov 11, 2013 6:24am Nov 11, 2013 6:24am
Quoting FerruFx
{quote} Just click on the "start new thread" button in the right forum!
I just tried making a new thread in "interactive trading" for high probability setups but unfortunately I am not allowed to do it. I need 4 or more vouches to start the thread. Maybe in a couple of years
As the lights go by so too do the shadows move
  • #1,071
  • Nov 11, 2013 6:27am Nov 11, 2013 6:27am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting Matts Micro
{quote} I just tried making a new thread in "interactive trading" for high probability setups but unfortunately I am not allowed to do it. I need 4 or more vouches to start the thread. Maybe in a couple of years
Why don't you open your thread in Trading Discussions ?
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,072
  • Nov 11, 2013 6:36am Nov 11, 2013 6:36am
or create a Skype group...
  • #1,073
  • Nov 11, 2013 6:51am Nov 11, 2013 6:51am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting Mister Dave
or create a Skype group...
A thread here would be easier to look back at previouses setups ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,074
  • Nov 11, 2013 6:54am Nov 11, 2013 6:54am
Quoting Matts Micro
{quote} I just checked this. Your trade would have worked out well. wd.
We could have been 200% up by now with your trade as well
  • #1,075
  • Nov 11, 2013 8:08am Nov 11, 2013 8:08am
OK. Intro new thread. "High Probability Trade Setups". Pls tell me if I'm missing the point or rambling or anything.

Quoting Matts Micro
G'day. I thought I would start this thread after discussions from another. The thread was called Rags to Riches. It basically outlines a Risk Reward system of 2:1. With this high R/R system it is possible to increase a deposit of $50 to $50 000 in 9 consecutive trades. To be able to complete this though it is required that the trades taken (as I mentioned earlier) needs a R/R of 2:1 (you will need a high leveraged account too ie 1:400). In other words the Take Profit needs to be double of what the Stop Loss is. As most experienced traders know this...
As the lights go by so too do the shadows move
  • #1,076
  • Nov 11, 2013 10:21am Nov 11, 2013 10:21am
http://www.forexfactory.com/showthread.php?t=456745

"High Probability Trade Setups" thread
  • #1,077
  • Nov 11, 2013 2:49pm Nov 11, 2013 2:49pm
Hello friends, congratulations on this thread.

I operate my trading system between 08:00 and 17:00 GMT +1.
My TP is 20 pips and my SL is 10 pips.

I operate with leverage 1:100.

I use in day trading (if necessary) martingale sequence batch 0.5 - 1 - 2 lots.
Up to three losers, end of daily trading.

My daily goal of 20 pips has a success rate to 75%.

Please help to:

How should I set the value of the sequence of lots, according to the philosophy of this threadf?

Thank you.
  • #1,078
  • Nov 11, 2013 3:01pm Nov 11, 2013 3:01pm
I have re-started this challenge but unlike the last one... absolutely no scalping.

Starting balance £61, going to aim for £61,000+ in 10-20 trades. Can see this being a slow week, nothing is catching my eye.

http://www.myfxbook.com/members/gdro...2riches/748141
  • #1,079
  • Nov 11, 2013 3:45pm Nov 11, 2013 3:45pm
interesting I will definitely be watching this thread
  • #1,080
  • Nov 11, 2013 6:28pm Nov 11, 2013 6:28pm
Quoting meshka
By the way R2R dont u see to be more practical to open new thread for discussing super high probability setups ? just athought
we could do that but i wont be participating in giving real time signals to anyone
Be hopeful in a winning position, and fearful in a losing position.
2 traders viewing now