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Follow me in my Journey! Road to USD$10 million 71 replies

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+300,000% by 2020 / Follow My Journey

  • #121
  • Aug 4, 2014 11:18pm Aug 4, 2014 11:18pm
Quoting pierre23
{quote} Got it, thanks. It seems like your method of trading, being a positional trader, would be suited more to those with larger bank rolls; where you could stay in the market 100% of the time with multiple positions over multiple pairs. Would you say you'd need an account on the larger side to truly benefit from this type of trading? In other words, if one had a profitable short term/day trading method with a $10k account versus your type of trading with the same account size, what would your take on that be?
10k is plenty, even 1k.. just need to start small and think about the long term.


the bigger your account the easier it is to win (small wins).

% terms it makes no difference, and I always scale up and down
Be hopeful in a winning position, and fearful in a losing position.
  • #122
  • Aug 4, 2014 11:44pm Aug 4, 2014 11:44pm
Something like this perhaps. I really don't care so much how the intra day noise plays out, as I'm trading the long move to 1.455 and then 1.49

Markets are entirely based on momentum. Giving you a sneak peak.

The below is worst case scenario
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Be hopeful in a winning position, and fearful in a losing position.
  • #123
  • Aug 5, 2014 12:06am Aug 5, 2014 12:06am
Let's goooo!!
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Be hopeful in a winning position, and fearful in a losing position.
  • #124
  • Aug 5, 2014 12:25am Aug 5, 2014 12:25am
waiting for a good trade explorer to observe this million march.
  • #125
  • Aug 5, 2014 12:27am Aug 5, 2014 12:27am
1.3485

Quoting XharpScalper
waiting for a good trade explorer to observe this million march.
Me too
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Be hopeful in a winning position, and fearful in a losing position.
  • #126
  • Aug 5, 2014 12:57am Aug 5, 2014 12:57am
very interesting... subscribed as well
Trade sampai lebam...
  • #127
  • Aug 5, 2014 1:36am Aug 5, 2014 1:36am
I might have to use something like FXblue.com if we can't find a solution for FF trade explorer

FX blue counts swaps as net deposits/withdrawals instead of interest, really stupid.

and Myfxbook sucks. Anyone know of others?
Be hopeful in a winning position, and fearful in a losing position.
  • #128
  • Aug 5, 2014 1:54am Aug 5, 2014 1:54am
1 hour

EG, EU, EA, AN
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Be hopeful in a winning position, and fearful in a losing position.
  • #129
  • Aug 5, 2014 2:12am Aug 5, 2014 2:12am
EG 4 hour appear bull regain control under 7960 as expected
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Be hopeful in a winning position, and fearful in a losing position.
  • #130
  • Aug 5, 2014 2:44am Aug 5, 2014 2:44am
Been waiting 24 hours for this breakout

summer markets...

is it finally coming?

If you want to see a prime example of accumulation/distribution, here it is...

AUDNZD 4 hour
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Be hopeful in a winning position, and fearful in a losing position.
  • #131
  • Aug 5, 2014 2:59am Aug 5, 2014 2:59am
Long EU 1.3405 day trade account, risk 0.25%

ideal long is 1.3388 I'd say (lowest daily close before reversal on Friday)
Be hopeful in a winning position, and fearful in a losing position.
  • #132
  • Aug 5, 2014 3:11am Aug 5, 2014 3:11am
Quoting Rag2RichesFX
{quote} A shame. Any things possible. If someone can do it on demo, wouldn't they surely do it on live? how do they manage 1.8 mil in deposits and 600k in withdrawals if it's a scam? still, why would someone trade 'profitable on a scam account for 5 straight years? surely they would just go live and make the money for real.

Hi,

You must be aware that this broker is bucket shop and they can do any statement they want to. It works in this way: you create broker, fake statement, advertise and take deposits from people as a fund manager, in the end all deposits takes broker and ends activity.
  • #133
  • Aug 5, 2014 3:22am Aug 5, 2014 3:22am
Quoting Rag2RichesFX
AUDNZD I'm seeing 1.12 in the not so distant future. {image}

Hi R2R I like your style. I operate in a very similar way.

Same view on Aud-Nzd, think it may pick up some orders 1.085x ish first.


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Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #134
  • Aug 5, 2014 3:24am Aug 5, 2014 3:24am
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...

the guy in the video is showing nothing...this dumb method is useless and is 100 years old...this guy makes money out of the idiots that are on his stupid gathering , but i doubt he makes any money as a trader...waisted 40 mins watching crap....dont be fulled ppl...the market is WAY more than a simple martingale /swing trading
  • #135
  • Aug 5, 2014 3:42am Aug 5, 2014 3:42am
stopped out on EU

and 7850 limits in EG possibly will be hit in a couple weeks here.

I said last week in early August it either continue to 8030 then correct or retrace to bottom/new lows and then get rally

1-3 months, I still say EG will be 8100
Be hopeful in a winning position, and fearful in a losing position.
  • #136
  • Aug 5, 2014 4:03am Aug 5, 2014 4:03am
Day trade

GU short, with highest limit 6900,

SL 6910
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Be hopeful in a winning position, and fearful in a losing position.
  • #137
  • Edited 4:37am Aug 5, 2014 4:25am | Edited 4:37am
7850 looks good. Don't mind if I don't get it though.

Do you all realize how the huge money trades? Fresh spec longs have been buying anything under 8000 and haven't sold ONCE, and they won't sell for at least a few months and some of them won't sell for a year or more. They will buy everything up to 8200 (and maybe higher, I'm not that good yet) and sell in a couple years.

Just like the shorts from 8800 are now buying back small positions (because nobody is shorting down here), they will also have to wait another 6 months to a year to clear their big profits. The liquidity down here just doesn't exist for them to clear everything they have.

Does this make sense?

The only sellers are LONGS from under 7900, from 2012.
Nobody is initiating speculative shorts at these levels, at least not with any substantial size.

However on the buy side is fresh spec. longs + shorts clearing profits, so the liquidity for the downside is too great.
The big money waits years to flip their positions.

Now if anybody wanted to initiate spec shorts for a break of 7750 now would be a fantastic time to do it, because the liquidity exists (many buyers)

However, they probably will have to wait a year or more to see that 7750 break, if at all. There will be correction before then.
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Be hopeful in a winning position, and fearful in a losing position.
  • #138
  • Aug 5, 2014 4:41am Aug 5, 2014 4:41am
Quoting Stu Effex
{quote} Hi R2R I like your style. I operate in a very similar way. Same view on Aud-Nzd, think it may pick up some orders 1.085x ish first. {image}
Yes I agree, could reach that level. Wide stop for me, and buy limits down there waiting.
Be hopeful in a winning position, and fearful in a losing position.
  • #139
  • Edited 4:57am Aug 5, 2014 4:43am | Edited 4:57am
Quoting Rag2RichesFX
Long EU 1.3405 day trade account, risk 0.25% ideal long is 1.3388 I'd say (lowest daily close before reversal on Friday)
3388 perfect bounce, should have had limit orders waiting there like the rest of the world.

I'm not that great yet, I just pretend to be.

But there's no doubt I'll return 300,000% before my time here is up.
May not be 2020, but it will happen.

Last year Soros Fund made 1/5 as much as my goal (300mil) and he made in less than 24 hours on the Aussie short.
Aussie/Dollar is not that liquid compared to the Euro/Dollars ~7.5 billion lots per year

The liquidity exists to 5 fold even an account of 100mil in just 1 year.
Be hopeful in a winning position, and fearful in a losing position.
  • #140
  • Aug 5, 2014 4:47am Aug 5, 2014 4:47am
Quoting Rag2RichesFX
I gotta admit, there is nothing wrong with tight stops if you have precision. However, I would never risk big money on a tight stop. Max 0.25% but I'll risk over 10% on a monthly grid trade (knowing it can yield over 50%) Catching the move is more important to me than being so precise I can use a larger lot size.
Depends, a tight stop with a smaller lot size is less risk than a wide stop with big lot size.There is always a risk of margin call with big SL, i just cannot afford to risk that much, its not my risk appetite.

I dont care about SL being hit by jerky whipsaw movements, because i focus on the long term equity curve, as long as i make a positive weekly gain i dont care.

Trading shouldnt be so personal that you get angry every time you it hits a stoploss, because if so you will have heart problems by the time you get 60

Just chill and relax, its just a business like any else.If you are prepared it shouldnt hurt you that much.
"There's a sucker born every minute" - P.T. Barnum
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