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+300,000% by 2020 / Follow My Journey

  • #1
  • First Post: Jul 31, 2014 12:36am Jul 31, 2014 12:36am
A little about me
-23 years old
-Deep understanding of FX liquidity
-Trading FX since Oct 2011


A little about my journey to riches
-400% per annum goal
-Started account March 10, 2014 (the one in this explorer)

A little about this thread
- will post positions and limit orders with charts (but sorry I will not share chart specifics')
- will post strategy for the setup (risk % and potential drawdown)

A little about my trading
- monthly swings (huge money')
- daily swings (big money)
- 4 hour (small money)
- cost basis tradinf
- very rarely use tight stops, they are highly speculative.

will add more this later, just wanted to get it posted
will add explorer too

currently just cashed AUDNZD (weekly) longs 1.0990. Buy dip and go for 1.1190
holdinf EURJPY (weekly) EURGBP (monthly') and EURAUD (weekly) longs
holding NZDUSD (daily) longs to 8550 after cashing 8831 shorts
holding USDCAD (monthly') longs from 1.0640
Be hopeful in a winning position, and fearful in a losing position.
  • #2
  • Edited 3:45am Jul 31, 2014 12:51am | Edited 3:45am
Some will remember that I suggest risking high amounts of profit to turn small funds into big funds. Using small deposit risks (such as, a few days of income from your day job).

Once I began to reach the point where I risk months of income on one trade, I realize the strategy is ineffective in comparison to the gains that could be made by simply going for 2-3% a week. Not ineffective but, I just don't see any point to risking such large amounts of profits when I can't easily recoup them with a few days or weeks of work.

At that point it becomes smarter to cost average trade (and never have a losing trade again, if you choose to trade small enough)... it may not be as profitable, but the peace of mind is worth the wait ( to riches, 10 years is plenty even at 100% per Annum... Easy stuff for anyone who knows what they are doing)


Here's my current largest position: EURGBP longs with the largest orders stacked through 7850s to 7820s.

Thats the 144 month (12 year) EMA. I won't show my momentum indicators, sorry.
Attached Image (click to enlarge)
Click to Enlarge Name: image.jpg Size: 187 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #3
  • Jul 31, 2014 12:55am Jul 31, 2014 12:55am
Hi Rags
Green journey
In trading, you have to be defensive and aggressive at the same time
  • #4
  • Jul 31, 2014 12:57am Jul 31, 2014 12:57am
Welcome back R2R.

Much as I don't want to be spoon fed, I've got to ask what would you be imparting the FF universe through this thread?
Let it turn and find your entry.
  • #5
  • Jul 31, 2014 1:00am Jul 31, 2014 1:00am
Quoting Rag2RichesFX
Here's my current largest position: EURGBP longs with the largest orders stacked through 7850s to 7820s. Thats the 144 month (12 year) EMA. I won't show my momentum indicators, sorry. {image}
Rags PA has not been that low 7850-7820 since 2012
Was it a typo? 7950-7920 perhaps?
In trading, you have to be defensive and aggressive at the same time
  • #6
  • Jul 31, 2014 1:09am Jul 31, 2014 1:09am
Nice to see you back!
good speed

Subscribed
just do it
  • #7
  • Jul 31, 2014 3:13am Jul 31, 2014 3:13am
Seems to be going well. I'm looking towards 82 cents, might take a month, might take three months. But it's coming.

I'm up 180% in 4.5 months. Once back to my computer I'll post the explorer.

Quoting Davit
{quote} Rags PA has not been that low 7850-7820 since 2012 Was it a typo? 7950-7920 perhaps?
My big limit orders are there, my active is from 7902.
Stop loss is below 7750 (it's mental until/if the bigger limits become active)

Quoting thodie
Nice to see you back! good speed Subscribed
Appreciate that, thank you. The more patient I become, the more profit I make!
Attached Image (click to enlarge)
Click to Enlarge Name: image.jpg Size: 55 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #8
  • Jul 31, 2014 11:40am Jul 31, 2014 11:40am
Quoting Rag2RichesFX
Seems to be going well. I'm looking towards 82 cents, might take a month, might take three months. But it's coming. I'm up 180% in 4.5 months. Once back to my computer I'll post the explorer. {quote} My big limit orders are there, my active is from 7902. Stop loss is below 7750 (it's mental until/if the bigger limits become active) {quote} Appreciate that, thank you. The more patient I become, the more profit I make! {image}
Hi Rags
Thanks for clarifying EG numbers
I am long on Euro through Swissy and we both need Euro strength to come back.Agree that at these levels its a good buy but it could go lower where your limits are.
I have no doubts on your returns and never challenged it to see.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #9
  • Jul 31, 2014 11:50am Jul 31, 2014 11:50am
Hey, I'll be following this thread! Should be a great journey. You going to be watching Battle of the Gods in the theater next week?
  • #10
  • Jul 31, 2014 12:56pm Jul 31, 2014 12:56pm
Quoting Davit
{quote} Hi Rags Thanks for clarifying EG numbers I am long on Euro through Swissy and we both need Euro strength to come back.Agree that at these levels its a good buy but it could go lower where your limits are. I have no doubts on your returns and never challenged it to see. Regards
Im a huge dollar bull which fares well for Euro crosses, but the EU may struggle.
UCAD long is my 2nd largest position, look at that monthly continuation candle.
Double top 1.12 or divergence high at 1.15

EG might hit my limits but it seems like we will see a 7975 then maybe a dip to my limit orders in late August, with a nice wick forming. Or, we could just take off in August and not look back. It's hard to tell unless you are following the daily/weekly as well. At this point I don't think it's worth it to play those games. Just like I won't cash out $19 silver longs for a 10% gain ($21). Waiting for the big move is the ideal play for me, in silver that means at least $35.

I would have have been up 300% in 4.5 months but trimmed the heaviness of AUDNZD long too early (every 100 pips = 50% gain from base deposit value (and a little over 15% gain on net deposits + profits)

My EG active position will cause 5% equity gain/loss per 79 pips of movement... With all positions active and stop belo 7750 total loss would be near 20% of the account (which would take me down to +140% since March)
Be hopeful in a winning position, and fearful in a losing position.
  • #11
  • Jul 31, 2014 1:47pm Jul 31, 2014 1:47pm
Put $1000 into UVXY last week for shits and gigs, could easily be worth $20,000 one day (think 2008)

If SPX volatility continues to squeeze I'll just keep cost averaging down until it explodes.

the real fun in FX doesn't begin until we see a bear market in equities.
patiently waiting....
Be hopeful in a winning position, and fearful in a losing position.
  • #12
  • Jul 31, 2014 2:13pm Jul 31, 2014 2:13pm
Anyone else notice that when a high or low is reached, more often than not they are taken out?

A prime example would be AUDNZD at 1.1030. Many put their TP around 1.10 and went short with stop above 1.1030.
Not only that, but they put further speculative long entries (buy stops) above the 1.1030 for a breakout.

Here is is how the smart money views it and plays it: liquidity from take profits in the 1.0990 to 1.1020 (they function exactly the same as sell limits), liquidity from sell limits (trying to play a lower high bearish continuation), liquidity from stop losses in the 1.1030-1.1040, liquidity from buy stops in the 1.1030-1.1040, then further liquidity as those buy stops reach their stops.

With all that liquidity, is it any wonder they always push a fresh high, or low, then reverse it?


Another example of understanding liquidity is the euro high at 1.3992 (and i had a massive sell limit at 1.3994).
Who in their right mind would market order longs from 1.3970 to 1.3992? Nobody would. It was shorts from 2011, entered at 1.40 or higher. They were clearing huge profits from shorts above 1.40, into fresh speculative sell limits. They have been clearing all the way since 1.20, but the greatest liquidity existed near 1.40. You can bet in those last 20 pips they made a great fortune (equity converted to balance, very large positions closed)
Be hopeful in a winning position, and fearful in a losing position.
  • #13
  • Jul 31, 2014 2:51pm Jul 31, 2014 2:51pm
Quoting Rag2RichesFX
Seems to be going well. I'm looking towards 82 cents, might take a month, might take three months. But it's coming. I'm up 180% in 4.5 months. Once back to my computer I'll post the explorer. {quote} My big limit orders are there, my active is from 7902. Stop loss is below 7750 (it's mental until/if the bigger limits become active) {quote} Appreciate that, thank you. The more patient I become, the more profit I make! {image}
Hi does negative carry bother you?
Its all in the mind.
  • #14
  • Jul 31, 2014 2:56pm Jul 31, 2014 2:56pm
Quoting Intrepidpips
Welcome back R2R. Much as I don't want to be spoon fed, I've got to ask what would you be imparting the FF universe through this thread?
showing that it's possible! plus I just like to vent sometimes. and keep my longer term ideas tracked.

say you start with a 10k account and 400% per Annum (5 fold) with some rough math and tax numbers

1sr year 50k (40k)
2nd year 200k (170k)
3rd year 850k (680k)
4th year 3.4m (2.5m)
5th year 12.5m (9.5m)

this can continue for a while. at 10m, positions of 1000 lots still does not make you a big player in the market and with 10x leverage could continue 400% per Annum (or just go to 50-100% per Annum on the way to 1 billion, reducing leverage to 3x maximum and 1500-3500 pips per Annum goal... Very easy)

Quoting 5abi
{quote} Hi does negative carry bother you?
No, not even on pairs like long EURAUD. But I'm very excited to short EA again if it makes another run towards 1.58.
Carry is always best as it gives you incentive to let the trade run.
Be hopeful in a winning position, and fearful in a losing position.
  • #15
  • Jul 31, 2014 3:30pm Jul 31, 2014 3:30pm
Yesterday before FOMC I was long huge on NZD @ 8470 and TP 8498. This isn't usual for me to do on a day trade but it was obvious to me. It spiked 8512 then faded and I entered 25% the size as before near 8490, with TP near 8550 (daily correction)... And more buy limits near 8430s.

This is a 1-hr chart
Attached Image
Be hopeful in a winning position, and fearful in a losing position.
  • #16
  • Jul 31, 2014 5:40pm Jul 31, 2014 5:40pm
Starting to re enter small AUDNZD longs (1.0935) with bigger limits near 1.09 handle

plan for EG is to TP and buy a dip or breakout off the 7980 (dip obviously preferred)
Attached Image (click to enlarge)
Click to Enlarge Name: image.jpg Size: 58 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #17
  • Jul 31, 2014 5:51pm Jul 31, 2014 5:51pm
EG Daily
Attached Image
Be hopeful in a winning position, and fearful in a losing position.
  • #18
  • Jul 31, 2014 5:59pm Jul 31, 2014 5:59pm
good journal
  • #19
  • Jul 31, 2014 10:34pm Jul 31, 2014 10:34pm
Genius. If only I watched this years ago.

Inserted Video


stops are fine but you need to be highly confident and only use a stop on a monthly support level and make sure your target is 25x greater than your stop. iE risk 1% to make 25% (even if you must pyramid the position, you can always BE on a pullback, but if you pyramid lightly, your cost basis want change much, so only a very deep pullback could hit your BE)

I'm a huge advocate of adding to winners and losers. As long as you trade near the edges with light positions, any extreme moves will be high probability of reversal, (standard deviation 3), so it's worth it to me to add to position.

Im so confident in the EG that I doubt my limits will even get hit at 7850/20 and if they do I consider it a blessing, as it's a high probability bounce (and continuation into new uptrend, as my monthly charts indicate)
Be hopeful in a winning position, and fearful in a losing position.
  • #20
  • Aug 1, 2014 12:41am Aug 1, 2014 12:41am
Quoting Rag2RichesFX
Genius. If only I watched this years ago. http://youtube.com/watch?v=FyAeujRwLxM stops are fine but you need to be highly confident and only use a stop on a monthly support level and make sure your target is 25x greater than your stop. iE risk 1% to make 25% (even if you must pyramid the position, you can always BE on a pullback, but if you pyramid lightly, your cost basis want change much, so only a very deep pullback could hit your BE) I'm a huge advocate of adding to winners and losers. As long as you trade near the edges with light...
Rags we share lot of the same philosophy about trading.Green pips
In trading, you have to be defensive and aggressive at the same time
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