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  • #41,421
  • Jan 10, 2014 9:55am Jan 10, 2014 9:55am
Quoting forexvegan
{quote} Okay feel free to ignore me. Everyone is mad at me because I say I made good money. Why? I am just here to say it possible. Please don't be mad, you can do it to. People like this are mad because they wish they could do it to I guess. I don't know. Ignore me. Thank you.
post numbers or get out for a weekend, you still cant put it out here -

- leverage
- account size
- margin size after taking a position
- total size of a position to make 1.6million in 100 pips

thanks! (screenshot or statement would prove much more)
  • #41,422
  • Jan 10, 2014 9:57am Jan 10, 2014 9:57am
Quoting artocarpus
{quote} what was your leverage? your total account? and your trades with what size? just curious
Okay last question, than I am out. Lets focus on usd.jpy. I only say just to tell people it is possible. 854k account size. MT4 only lets you buy 100 lot size. I bought 20 of them. Each pip is worth 20k. I made position and saw I am losing close to 200k and started to see it slowly going down. Leverage is 500:1. Okay this is enough don't believe if you want. Nothing to prove. Lets move on. usd.jpy, in range right now.
Faith ends where worry begins, and worry ends where faith begins.
  • #41,423
  • Jan 10, 2014 9:59am Jan 10, 2014 9:59am
Quoting Ulterior
{quote} post numbers or get out for a weekend, you still cant put it out here - - leverage - account size - margin size after taking a position - total size of a position to make 1.6million in 100 pips thanks! (screenshot or statement would prove much more)
Not posting anything. Okay I lie, hope it makes you feel better. I only have $16. Okay now I am good guy right because I only trade small money. Everyone hate guy with lots of money. Why I ask? We all wish we were him and that is why we trade, but we hate him because we wishing. It is possible. Have good weekend!!! Take it or not, does not matter. Green pips to all!!!!!!!!!!!!!!!
Faith ends where worry begins, and worry ends where faith begins.
  • #41,424
  • Jan 10, 2014 10:00am Jan 10, 2014 10:00am
Quoting forexvegan
{quote} Okay last question, than I am out. Lets focus on usd.jpy. I only say just to tell people it is possible. 854k account size. MT4 only lets you buy 100 lot size. I bought 20 of them. Each pip is worth 20k. I made position and saw I am losing close to 200k and started to see it slowly going down. Leverage is 500:1. Okay this is enough don't believe if you want. Nothing to prove. Lets move on. usd.jpy, in range right now.
just a tripling of an account, not a big deal then, rich boy
  • #41,425
  • Jan 10, 2014 10:04am Jan 10, 2014 10:04am
Quoting Ulterior
{quote} just a tripling of an account, not a big deal then, rich boy
Thanks. I not start rich. I build from 175k. Yes not big deal, just saying you can make big money it is possible!!! Everything I have from working and selling big home (kids are grown) so I buy small one and inheritance.
Faith ends where worry begins, and worry ends where faith begins.
  • #41,426
  • Jan 10, 2014 10:05am Jan 10, 2014 10:05am
Quoting forexvegan
{quote} Okay feel free to ignore me. Everyone is mad at me because I say I made good money. Why? I am just here to say it possible. Please don't be mad, you can do it to. People like this are mad because they wish they could do it to I guess. I don't know. Ignore me. Thank you.
no sir you don´t read my posting, it does not matter how much money, it does matter how much RISK and you motivate others to go all in too.

That´s why i put you on ignore...
just do it
  • #41,427
  • Jan 10, 2014 10:09am Jan 10, 2014 10:09am
Quoting thodie
{quote} no sir you don´t read my posting, it does not matter how much money, it does matter how much RISK and you motivate others to go all in too. That´s why i put you on ignore...
Maybe you should read my posts before you write on here. I tell everyone I taking break because this is too much stress. I tell everyone not trade like this because its not for everyone. Please put me on your ignore list so you don't have to reply to what I say. Take it or leave it. Either way I wish you many green pips in your trading my friend!!!!!
Faith ends where worry begins, and worry ends where faith begins.
  • #41,428
  • Jan 10, 2014 10:11am Jan 10, 2014 10:11am
Maybe some light for any long still here. But please be careful and trade only what chart tells you not whats on here.


Pressure for the Fed to continue taper likely to remain regardless of today's data

  1. Analysts quick to cite the FOMC Minutes on mentioning the continuing costs of the program, saying that the data itself perhaps less important than the continued costs
  2. Fed’s Lacker mentions that one single report of jobs data typically won’t sway the Fed’s decisions, still likely to taper
  3. This overall a well-broadcasted opinion, so expect participants to be aware of this and positioning themselves accordingly

Faith ends where worry begins, and worry ends where faith begins.
  • #41,429
  • Edited 11:30am Jan 10, 2014 10:26am | Edited 11:30am
Quoting forexvegan
{quote} Okay last question, than I am out. Lets focus on usd.jpy. I only say just to tell people it is possible. 854k account size. MT4 only lets you buy 100 lot size. I bought 20 of them. Each pip is worth 20k. I made position and saw I am losing close to 200k and started to see it slowly going down. Leverage is 500:1. Okay this is enough don't believe if you want. Nothing to prove. Lets move on. usd.jpy, in range right now.
I want to believe you, I really do...

Also, you are trading from the US supposedly, and 'we' really don't have that kind of leverage available. Your constant "back to the thread" remarks make it feel even more troll'y. Sorry, I'm done.

Removed my bad math, my apologies, I was sucked into the excitement of the event
  • #41,430
  • Jan 10, 2014 10:39am Jan 10, 2014 10:39am
Quoting Mr_Jet
{quote} I want to believe you, I really do... Bought (I'm guessing you mean sold) 20 sets of 100 lots? This is equal to $100,000 * 20 * 100 = $2,000,000,000 ($2B). So selling two yards with 500:1 leverage would require an account with 2B/500, correct? 2000000000/500 = 4,000,000 ($4M). If your account is 'only' $854K, I just don't see that kind of trade being possible. You would have needed 2300:1 leverage... right? Also, you are trading from the US supposedly, and 'we' really don't have that kind of leverage available. Your constant "back to the...
Okay no problem. Sorry I meant sell not buy. My account is with ProfiForex they take client in US and offer 500:1/ Im not sure what yard is not with the lingo sorry. I have 854k, I bought 20 * 100 lots. Each 100 lots is worth $1,000 USD per pip. MT4 or broker not sure which will only let me buy 100 lots at a time. That is why I buy 20 of them. I am not sure about leverage or any other math. Either way it worked for me and I am withdrawing funds and spreading in few accounts. I will create another user name and pretend I only have $16 dollars or something low so no one thinks anything different of me. Please think what you want, I have nothing to prove. Let us move on now. Many green pips to you my friend!!!!!!!!!!!!
Faith ends where worry begins, and worry ends where faith begins.
  • #41,431
  • Jan 10, 2014 10:43am Jan 10, 2014 10:43am
Quoting forexvegan
{quote} Okay no problem. Sorry I meant sell not buy. My account is with ProfiForex they take client in US and offer 500:1/ Im not sure what yard is not with the lingo sorry. I have 854k, I bought 20 * 100 lots. Each 100 lots is worth $1,000 USD per pip. MT4 or broker not sure which will only let me buy 100 lots at a time. That is why I buy 20 of them. I am not sure about leverage or any other math. Either way it worked for me and I am withdrawing funds and spreading in few accounts. I will create another user name and pretend I only have $16 dollars...

All the best to you, if you made that money, then you earned it! Congratulations.

P.S., Maybe you should have held it for a bit longer though Imagine the island you could have bought if it corrects back to 100!
  • #41,432
  • Jan 10, 2014 10:51am Jan 10, 2014 10:51am
Quoting Mr_Jet
{quote} All the best to you, if you made that money, then you earned it! Congratulations. P.S., Maybe you should have held it for a bit longer though Imagine the island you could have bought if it corrects back to 100!

First post that is not fighting me. Thank you for kind words sir. Yes you are right, if I hold on and usd gets weaker I can make soo much more. What happens is USD gets stronger than I thinking okay I have 1.6M if it retraces I only make 700K profit. Either is good, but with 1.6 after taxes at least 1.2 M USD I can live good life. Everything else I make is just the topping. Now I am set. No more house loans, car payment, etc. This is why. I not greedy, just enough so if I trade more, its for fun, not anything else. The stress is very bad when you trade big lots like this and see losing money, so I not taking chance no more. Now I take it easy. I still hang out here but only trade after few months of taking it easy. Not sure what to do to fill time now for next months. Maybe watching the movies. Okay thank you for positive reply. Many green pips to you!!!
Faith ends where worry begins, and worry ends where faith begins.
  • #41,433
  • Jan 10, 2014 10:53am Jan 10, 2014 10:53am
Quoting Mr_Jet
{quote} I want to believe you, I really do....
I did the sum another way:
But since he answered you, 20 * 100 lots is a total trade of 200m.
At $20,000 per pip that is a total pip move of 80 pips.
Believing the 500:1 for a moment, that is a margin requirement of 400k.

I don't believe the leverage on that size of trade for a retail account.
That would make him a professional trader - who doesn't know what a yard is.....

However, don't lose sight of the fact that some of this forum is for entertainment.
Have a good weekend.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #41,434
  • Jan 10, 2014 10:53am Jan 10, 2014 10:53am
Dont get me wrong guys im totally usd/jpy bullish and non of my trades were short on it for the last 3 months. However at this point of time i do believe
its a time for correction, which makes sense! Dont expect much since kuroda might have a heart attack, but set up makes sense! btW im not going to short it only long and long! Not as if its going to get there just purely my call
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  • #41,435
  • Jan 10, 2014 10:55am Jan 10, 2014 10:55am
Lets keep the forum constructive. There is no reason to try and figure out if he is telling the truth or not. Worry about whats in your account and the trades at hand.
  • #41,436
  • Jan 10, 2014 10:57am Jan 10, 2014 10:57am
Quoting Exodus
{quote} I did the sum another way: But since he answered you, 20 * 100 lots is a total trade of 200m. At $20,000 per pip that is a total pip move of 80 pips. Believing the 500:1 for a moment, that is a margin requirement of 400k. I don't believe the leverage on that size of trade for a retail account. That would make him a professional trader - who doesn't know what a yard is..... However, don't lose sight of the fact that some of this forum is for entertainment. Have a good weekend.

just so you know, for a 200 million USD trade on the interbank market you would need an account size at least of 40 million USD. unless you use options where you can get maybe 10:1 leverage.

So all in all. complete BS.
  • #41,437
  • Jan 10, 2014 11:01am Jan 10, 2014 11:01am
Quoting JeremyWS
{quote} just so you know, for a 200 million USD trade on the interbank market you would need an account size at least of 40 million USD. unless you use options where you can get maybe 10:1 leverage. So all in all. complete BS.
Wow! that's only 50:1
I expected more, but it depends upon who is taking the risk.
At NFP news time the volatility could be an issue.
Thx, and good trading.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #41,438
  • Jan 10, 2014 11:05am Jan 10, 2014 11:05am
Quoting Rizmeister
Lets keep the forum constructive. There is no reason to try and figure out if he is telling the truth or not. Worry about whats in your account and the trades at hand.
Agreed, but as most of us are doing this dreaming of big trades, you just want to get to the bottom of what is really possible sometimes.

As far as UJ, I really hope it's time for a correction, but the moves up for 9 weeks in a row recently keep me out of most shorts. I'm in a short position now, but I'm not sure about keeping it over the weekend.
  • #41,439
  • Jan 10, 2014 11:06am Jan 10, 2014 11:06am
Quoting Exodus
{quote} Wow! that's only 50:1 I expected more, but it depends upon who is taking the risk. At NFP news time the volatility could be an issue. Thx, and good trading.
thats 5:1. not 50:1.

you can get greater than 20:1 on up to trades of about 20 million USD. After that margin requirements go up hugely.

i.e. for a normal 50 million USD trade that goes through every minute or so, there would be around 5-10 million USD in margin.

to sum up. the guy is blatantly lying because a) he doesn't know the 1st thing about trading, b) doesn't know how to calculate the value of a pip c) he doesn't understand margin and leverage.
  • #41,440
  • Jan 10, 2014 11:07am Jan 10, 2014 11:07am
LOL so many yards traders with MT4 account leverage 1:500

Well, anything is possible if they are using money issued by BoH

LOL amazing
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