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  • #891,161
  • Apr 18, 2014 2:12pm Apr 18, 2014 2:12pm
Quoting acostafulano
{quote} Magix, your systems rock. I'm starting to make consistent profits with a low risk approach. Don't listen to people who won't (or don't want to) understand. "Haters gonna hate" Cheers Diego
Thanks for chiming in, Diego!!

It's all good, brother. I would just prefer if people who wanted to share information, share it accurately.

You know who we are and how we play...but with Guys like ffleo around, others are afraid and kept ignorant. There is no benefit to this.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #891,162
  • Apr 18, 2014 2:12pm Apr 18, 2014 2:12pm
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  • #891,163
  • Edited Apr 19, 2014 3:40am Apr 18, 2014 2:21pm | Edited Apr 19, 2014 3:40am
Quoting Magix
{quote} 2 things... 1. You are under the assumption that these will go past level 5 and that they are not restricted from going past level 5. 2. , I know, but do you think ffleabag could come up with this? lol
Until level 5 it's true, but than the risk is getting way too much, one loss can erase more positive trades...so the mental things has too much effect in my view. You need very good money management and exit strategy, etc. So it can work, but have to be sharp.
f(z)=z2+c
  • #891,164
  • Apr 18, 2014 2:40pm Apr 18, 2014 2:40pm
Quoting hathor
{quote} Until level 5 it's true, but than the risk is getting way too much, one loss can erase more positive trades...so the mental things has way too much effect in my view. You need very good money management and exit strategy, etc. So it can work, but have to be sharp.
Absolutely.

Money Management and having enough cushion in the account for the different traders and pairs is crucial.

I've blown up hundreds of test accounts working to try and minimize the risk to the smaller accounts.

Personally, I prefer the increment add, while others are keen on the multiplier...we all have our reasons.

Increments typically don't draw down as much, while multipliers get out quicker at deeper levels.

Along with this, I prefer a Trigger Dynamic exit that will allow a loss. Reason being, I would rather take a hit than lose a whole account. One of my current testers that will be released to my group this weekend did exactly this. When tested against a forced profit, the forced profit account blew up. This one took a beating and managed to climb its way back out of the hole.

Again, this is to have the ability to test on smaller account sizes and for the most part, to be used to test strategies and accelerate the learning curve on market from an M1 perspective. How available tools get used is completely up to the individual...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #891,165
  • Apr 18, 2014 2:53pm Apr 18, 2014 2:53pm
Quoting Magix
{quote} Absolutely. Money Management and having enough cushion in the account for the different traders and pairs is crucial. I've blown up hundreds of test accounts working to try and minimize the risk to the smaller accounts. Personally, I prefer the increment add, while others are keen on the multiplier...we all have our reasons. Increments typically don't draw down as much, while multipliers get out quicker at deeper levels. Along with this, I prefer a Trigger Dynamic exit that will allow a loss. Reason being, I would rather take a hit than...
What happened on April 9?
Downdraw too high.
Beside that everything is awesome!
  • #891,166
  • Apr 18, 2014 3:00pm Apr 18, 2014 3:00pm
Quoting aarontdang
{quote} What happened on April 9? Downdraw too high. Beside that everything is awesome!
All of my test accounts compare trades on AUDUSD, EURUSD and GBPUSD.

Others testing EURUSD only or the AUDUSD account are still running...

April 8th, cable went on a run. As these are M1 traders and are used to a reasonable retrace for exit, got caught in an explosive situation.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #891,167
  • Apr 18, 2014 3:06pm Apr 18, 2014 3:06pm
Quoting Magix
{quote} Because you are dead wrong. 1.5x any number, is 1.5x any number, not 2.5. 4x1.5=6, not 8... Because you are adding this as your trade size, it changes the NET of the first and second trades to 10. Adding on increment, is incrementally increasing the size of the position based on the size of the increment. Because in this case, the increment was the same size as the initial lot, it goes up in that same increment. If I added a 1 increment to a 5 start, each position would only increase by 1 from 5. So the total of the first 2 levels would...
the more you post, the more you show that you are doing the stupid way.
In your first case, you have 4 positions before adding, and 10 after adding. 10/4 = 2.5, that is 2.5X martingale. In your second case, you have 5 before adding, and 11 after adding. That 2x martingale plus 1 (2x5 + 1).

Common, stop being stubborn and wanted to show your stupidity with no ending.

End of story.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #891,168
  • Apr 18, 2014 3:08pm Apr 18, 2014 3:08pm
Quoting ffleo
{quote} the more you post, the more you show that you are doing the stupid way. In your first case, you have 4 positions before adding, and 10 after adding. 10/4 = 2.5, that is 2.5X martingale. In your second case, you have 5 before adding, and 11 after adding. That 2x martingale plus 1 (2x5 + 1). Common, stop being stubborn and wanted to show your stupidity with no ending. End of story.
If only it was the end of the story, but it's not, is it?

Having no shame hasn't prevented you from posting up to now...only difference is, now you are less danger to others because you are exposed in your ignorance.

So, about that sammich?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #891,169
  • Apr 18, 2014 5:20pm Apr 18, 2014 5:20pm
I need to read all this conversation, seems all very interesting……maybe later…..

Happy weekend to all my buddies.
Wherever you go, there you are.
  • #891,170
  • Apr 18, 2014 6:42pm Apr 18, 2014 6:42pm
Quoting KillerWhale
Remember ....................... what goes up............................., always comes down.............................. sooner or later!
Reversion to the mean.
  • #891,171
  • Apr 18, 2014 7:42pm Apr 18, 2014 7:42pm
Quoting ffleo
gotta go. have a good Friday and weekend folks.
I'd prefer a good Monday!
New voice message: Why are you calling me? If I need you, I'll call you!
  • #891,172
  • Apr 18, 2014 8:27pm Apr 18, 2014 8:27pm
Quoting attila
OK, here's the deal. Today is not going to go too far. Time for long will be tomorrow when it'll drop back to 3800, and it'll continue up next week. With this, I'm done with the charity work here.

exactly as expected.. eh.. almost..
missed the 3800 by a couple of pips... crap, I have to do better in the future.. this charity thing is not paying for itself..
  • #891,173
  • Edited 9:13pm Apr 18, 2014 8:44pm | Edited 9:13pm
Thinking back, I only lost 2 Forex accounts during my eh, almost 9 years into this game.

The first one .............. I opened an account with Refco for a thousand dollars or so.
In October 2005 Refco went bankrupt, I lost my money and Refco's CEO Philip Bennet later got sentenced to 16 years in prison for stealing my money.
Oh and he defrauded other people too, for a total of 430 million dollars.

2 years later I got $200 back from the bankruptcy court.

And this guy is still serving time while I am free.

The second time I lost an account was in March 2011 and taught me a lesson I will never forget:

ALWAYS SET AN EMERGENCY STOP EVEN IF YOU REALLY DON'T EXPECT IT EVER TO HIT!!!

I was trading USD/YEN longs at a leverage bigger than ever, like 1:40 or so. and I felt great, knowing for sure I would come out a big winner.
Then there was March 16.
I woke up, still dizzy from the vodka I had consumed the day before and saw..................................

That yen account ....................................... from $160,000 reduced to $20,000 in a matter of minutes,
and I remember I just put an extra $40,000 in that account the day before to make sure even the all time high for the yen wouldn't knock me out.

Reason for this dramatic rise of yen value was insurance claims after the Fukushima nuclear reactor disaster with mostly American insurance companies.

Anyway, I learned my lesson the hard way!
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New voice message: Why are you calling me? If I need you, I'll call you!
  • #891,174
  • Apr 18, 2014 8:49pm Apr 18, 2014 8:49pm
Quoting KillerWhale
Thinking back, I only lost 2 Forex accounts during my eh, almost 9 years into this game. The first one .............. I opened an account with Refco for a thousand dollars or so. In October 2005 Refco went bankrupt, I lost my money and Refco's CEO Philip Bennet later got sentenced to 16 years in prison for stealing my money. Oh and he defrauded other people too, for a total of 430 million dollars. 2 years later I got $200 back from the bankruptcy court. And this guy is still serving time while I am free. The second time I lost an account was in...
And believe me, I will never lose an account like that anymore!
New voice message: Why are you calling me? If I need you, I'll call you!
  • #891,175
  • Apr 18, 2014 11:05pm Apr 18, 2014 11:05pm
Quoting KillerWhale
{quote} And believe me, I will never lose an account like that anymore!
In the second case, how much percentage your trade compared to your balance??? higher than 5% or lower. I am new in this market, and know that never trade higher than 5% your account.
  • #891,176
  • Apr 19, 2014 12:06am Apr 19, 2014 12:06am
hmm what do you think when eurusd targeting 1.3600? dont start thinking when it has hit 1.3600 , you will be late. OK all friend happy weekend and prepare your best strategy for next, dont be late..! success for us.
  • #891,177
  • Edited 1:07am Apr 19, 2014 12:47am | Edited 1:07am
I think the euro/USD will go down for 8 reasons

1.quantitative easing in USD will end and has started to end.
2.USD is still the safe heaven currency
3.the figures in the USA is improving.
4.The figures in the eurozone is hardly improving
5.the inflation is almost zero in the eurozone
6. ECB will ease the euro
7. The euro must down to solve Europe problems
8. technically it is neutral.


The swiss sentralbank did it, the japanese did it,the FED did,the ECB will do and then you are stuck.


The euro is too high and must go down
  • #891,178
  • Apr 19, 2014 2:03am Apr 19, 2014 2:03am
This is my way showing gratitude to FF members
Wish you pile of $$ next week
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One of the most intense unique progressive bands nothing like it.
In trading, you have to be defensive and aggressive at the same time
  • #891,179
  • Apr 19, 2014 2:29am Apr 19, 2014 2:29am
This one is fking masterpiece
Pure trading music, repetitive, intensive, full of joy, sorrow, hope, passion


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In trading, you have to be defensive and aggressive at the same time
  • #891,180
  • Apr 19, 2014 2:29am Apr 19, 2014 2:29am
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Wherever you go, there you are.
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