Rags to Riches in 10 or 20 Trades - Simplicity at its finest | Page 75 | Forex Factory

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

  • #1,481
  • Jan 28, 2014 6:32am Jan 28, 2014 6:32am
Quoting Wolf_Wicked
Ya'll forgot what real work is =)


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  • #1,482
  • Jan 28, 2014 6:36am Jan 28, 2014 6:36am
Quoting GDR3k
{quote} {image}
Theres a middle ground here!
Howlin' at the Moon on the Roof
  • #1,483
  • Jan 28, 2014 9:24pm Jan 28, 2014 9:24pm
i just setup a new EA, it's in my trade explorer on a demo. Wish me luck !
  • #1,484
  • Jan 28, 2014 11:58pm Jan 28, 2014 11:58pm
Quoting allisonmagic
i just setup a new EA, it's in my trade explorer on a demo. Wish me luck !
Good luck.
Passion, Persist, Patience, Protect
  • #1,485
  • Jan 29, 2014 12:50am Jan 29, 2014 12:50am
  •  Owl
  • | Joined Dec 2012 | Status: FX Siphoner Of Symphonies | 435 Posts
Quoting GDR3k
{quote} {image}
.....nice one mate!....

I can make a whole new thread surrounding this concept and also

tie it into how forex fits into this whole equation..........

I believe the middle ground referenced holds no weight and thus

has a crack in the foundation which equally means it's like fighting

on board a sinking ship instead of jumping overboard to the yacht

that has came to the rescue...ROTLMFAO!!!

" Learn to master leveraging sources by compounding extrapolating factors exponentially...."
One Must Use A Noble Rapier To Pierce The Veil Of Mystery
  • #1,486
  • Jan 29, 2014 1:29am Jan 29, 2014 1:29am
  •  Owl
  • | Joined Dec 2012 | Status: FX Siphoner Of Symphonies | 435 Posts
Technology has afforded us all an advanced era so to technically not take advantage

of it means that it is like the movie the flintstones meet the jetsons all over again....

The ones who know, get the riddle to that pic posted up above and understands that

innovation breaks traditions and sets new cultures which leads back to if what is

all around us is not utilized properly well then we'll all remain a walking piece of

conforming mediocrity instead of the pulsating vibration that is potential and creativity.....

So to ask why would anyone want to start a journey which will lead to embarking on

a extra ordinary quest and mission to go above the means of the normal ordinary

requests from society is the same as asking why would you not fight the command

to become a vessel to be used and lived through vicariously by another and or others.......

"Don't be a Puppet Be a Master So You Can Control And Instruct Yourself" don't be

controlled against your will,for when you grasp the urge to break free that's when you'll

see the chances and the opportunities to arise and escape your captor which is again

only your inner self accepting institutionalized conditions as a standard and exception..........
One Must Use A Noble Rapier To Pierce The Veil Of Mystery
  • #1,487
  • Jan 29, 2014 4:05pm Jan 29, 2014 4:05pm
Well, fell victim to stop out well before my estimation.. bastard had took me out by just a hair and literally took off afterward, lol, which later would have hit my target, not counting the news move. (chart picture explains it.. lol, NO it's disgusting.. heheh)
I guess brokers consider pair volatility into account too.. anyways it's my bad, should have given it more room by dropping the load a bit.

However, this thing has taken a lot out of me already this week to be honest, it needs all around effort and attention, time consuming atop all. This by no means is a sound of defeat or negativity.. I still think this is possible and I could also get it done but not sure if I want to go through it if it's not going to be fun.. earlier this month I said I would give it at least four tries for $300 pop.. and the money part of it's really not an issue but rather the difficulties for me lays on constant attention requirement of the task, perhaps something that I had underestimated. The very same unsuccessful trades on the this account has all been winners in my main accounts.. it just requires more physically.
I might give it one more shot, will see I think about it over the weekend.
Maybe I just need a good night sleep tonight.. anyways sorry for my babbles.
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Passion, Persist, Patience, Protect
  • #1,488
  • Jan 29, 2014 4:22pm Jan 29, 2014 4:22pm
don't even stress it bro, beginning of the year has a lot of surprises. i took some losses as well. just keep good MM and you will be fine. try to keep the losses small. we'll stabilize soon
  • #1,489
  • Jan 29, 2014 4:23pm Jan 29, 2014 4:23pm
I'm down $18 on my demo because my EA wasn't properly configured, set my stops too high lol.. good thing i did though, cause if i set my stops smaller, i would have got stopped out on more trades than i did
  • #1,490
  • Jan 29, 2014 8:01pm Jan 29, 2014 8:01pm
This is an interesting thread although I haven't read through the whole thing it seems it's been a lot of "This will work" & "This will never work". I think its a good intro into the power of compounding interest and the utility of money. I think this actually could be a decent idea to try if you are trading on a much larger account and this micro account would be about equal to your normal trade.

Aside from that, I'm sure I'm not the first to bring it up but anyone interested in a betting strategy better than "Use 2% per trade" should investigate Kelly Betting. Basically you find your edge and then determine how much of your money you should bet according to that. So if you have a higher chance of winning you should be betting bigger. If you go bigger than this value you'll risk too much. If you go smaller than this value you aren't risking enough.
  • #1,491
  • Feb 5, 2014 2:24am Feb 5, 2014 2:24am
Quoting FXEmpire
Well, fell victim to stop out well before my estimation.. bastard had took me out by just a hair and literally took off afterward, lol, which later would have hit my target, not counting the news move. (chart picture explains it.. lol, NO it's disgusting.. heheh) I guess brokers consider pair volatility into account too.. anyways it's my bad, should have given it more room by dropping the load a bit. However, this thing has taken a lot out of me already this week to be honest, it needs all around effort and attention, time consuming atop all. This...
I know how it feels to get stophunted by a hair, and then watch your past position reach the TP!
Many years ago, a guy in the US walked into a broker office and literally shot a few employees dead...poor people...
Itīs the name of the game, then you give more space, fine, but that adds to costs, and reduces your bottom line, itīs not a fair game...
Iīve been trading 15 years, 10 years forex, only break even...so far.
This year Iīm studying my system by heart, 40 hours of videos on elliot wave anfd fibos, trade only hourly to weekly, go very patiently, few trrades:
Result: 69 % winners, and a 0,3 R (positive) on the last 30 trades..
And of course, I apply RAGS 50 % position size plus original investment (very small) on every shot.
The differnece is I donīt go for a 1 to 1, Iīm shooting for big R winners, so far my best makes it to 2,5 R, which is small...but only had 2 full loosers (I called those "Black Widows" cuase they are deadly)...need to hit a 10 R or better in every 20 or 30 trades...then Iīm protected against little spider....that takes 50%...

Anyway, patience attention and hard work on your system, it has to be fun, oterwise itīs better to reduce the amount of trading, fun and attention increase your precision...
Just my two cents worth..
Wish you the best...
  • #1,492
  • Feb 5, 2014 1:06pm Feb 5, 2014 1:06pm
Quoting cuchuflito
{quote} I know how it feels to get stophunted by a hair, and then watch your past position reach the TP! Many years ago, a guy in the US walked into a broker office and literally shot a few employees dead...poor people... Itīs the name of the game, then you give more space, fine, but that adds to costs, and reduces your bottom line, itīs not a fair game... Iīve been trading 15 years, 10 years forex, only break even...so far. This year Iīm studying my system by heart, 40 hours of videos on elliot wave anfd fibos, trade only hourly to weekly, go very...

10 years Forex and only break even??

Maybe its not for you
  • #1,493
  • Feb 5, 2014 5:28pm Feb 5, 2014 5:28pm
Quoting cuchuflito
{quote} This year Iīm studying my system by heart, 40 hours of videos on elliot wave anfd fibos, trade only hourly to weekly,
You might want to forget about Elliot wave IMO they are hocus pocus.

Additionally anyone who wants to take huge positions compared to account size needs to be a master sniper of tops and bottoms hence they will probably already be quite profitable.

I've been more patient, finding places where I believe there will be a big breakout and take small risks and go for a big move.
  • #1,494
  • Feb 7, 2014 1:25am Feb 7, 2014 1:25am
Quoting vladrath
{quote} You might want to forget about Elliot wave IMO they are hocus pocus. Additionally anyone who wants to take huge positions compared to account size needs to be a master sniper of tops and bottoms hence they will probably already be quite profitable. I've been more patient, finding places where I believe there will be a big breakout and take small risks and go for a big move.

Why should I forget "hocus pocus" when Iīm having a profitable edge?
  • #1,495
  • Feb 7, 2014 1:29am Feb 7, 2014 1:29am
Quoting Acroix70
{quote} 10 years Forex and only break even?? Maybe its not for you

Considering 95% (plus) of all traders, not only Forex, but stocks, options , hedge funds...etc ...loose money, consistently, BE is not bad at all...
Working on my edge, with a lot of experience and patience, if I finally get it right, I will retire rich...
And itīs fun too!
Wish you a rich retirement too brother.
  • #1,496
  • Edited 2:27am Feb 7, 2014 1:56am | Edited 2:27am
Quoting cuchuflito
{quote} Considering 95% (plus) of all traders, not only Forex, but stocks, options , hedge funds...etc ...loose money, consistently, BE is not bad at all... Working on my edge, with a lot of experience and patience, if I finally get it right, I will retire rich... And itīs fun too! Wish you a rich retirement too brother.
Keep up what suites you best and finds you success because at end that's all it matters where meets the bottom line.
best of luck in your journey.


ps) If I tell what I trade off from, most will not believe it or call it many names.. but it works for me, it's proven for many years now, and took me a few years to feel confident about it. However, I would have not got to where I am if I would have listen to negativity or allowed unreasonable bias to distract me from the project or pathway. It's mostly about ones perception of the market and owns agenda to build a trading plan around it to turn in profit. I have debated myself to put up my long term trading method, but at end have hesitated for two solid reasons.. one, I would get a lot of shit most probably, lol.. two, at the end not sure it's wise to even share a good thing from several aspects. I have a private trade explorer that I could attach to it as well to shut the haters.. but why!!.. why bother to buy myself hassle.. or be expose to negativity or allow the unkind to serve benefit from it and to only hate and disrespects.. that's the problem with forums these days, a lot worst than before.
anyways the success comes from you and you with not much attachment.
Passion, Persist, Patience, Protect
  • #1,497
  • Feb 7, 2014 2:51am Feb 7, 2014 2:51am
Quote
[highlight=rgb(244, 246, 249); color:rgb(0, 0, 0); font-family:verdana,helvetica,sans-serif] [/highlight][highlight=rgb(244, 246, 249); color:rgb(0, 0, 0); font-family:verdana,helvetica,sans-serif]or allow the unkind to serve benefit from it and to only hate and disrespects..[/highlight]

  • #1,498
  • Feb 7, 2014 2:20pm Feb 7, 2014 2:20pm
Quoting cuchuflito
{quote} Considering 95% (plus) of all traders, not only Forex, but stocks, options , hedge funds...etc ...loose money, consistently, BE is not bad at all... Working on my edge, with a lot of experience and patience, if I finally get it right, I will retire rich... And itīs fun too! Wish you a rich retirement too brother.
I wish you well too brother


BTW the 95% statistic is a false one. Look at the main brokers client profitability numbers
  • #1,499
  • Feb 7, 2014 11:32pm Feb 7, 2014 11:32pm
Anybody successful applying the math at page #1 ?
That which does not kill us makes us stronger
  • #1,500
  • Feb 8, 2014 6:20am Feb 8, 2014 6:20am
Quoting moneymove
Anybody successful applying the math at page #1 ?
The Math!?!... chuckle
Howlin' at the Moon on the Roof
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