Extracted Thread (per thread starter's request)

hai fez, nice to meet u

interisting thread, so curious about the similar method you have with graeme
and curious too about the difference, .. i am wait something new and gain
some knowledge from u,

Let start it

Yes we are 'celebrating' here 10 years tsunami on 26th next month ... But the death toll wasn't 30,000 but 230,000 ...

Several people who's opinion I value have subbed your thread. So, me too.

Subscribe, Lets see what's the magic behind this system

How exciting it is to be on break and read all the warm replies! I should hopefully be home in maybe 6 or 7 hours, looking forward to going into detail. And they've even made me a low impact member already, I'm flattered to say the least.

I was baffled as to what you were referring to for a second, then I remembered also having watched that documentary! Unfortunately I am nowhere near as young as them, I took up Med School as a later venture, I'm in my mid 30's. And I can also assure you that like I said in my first post, I'm not trying to sell anything or refer anybody or get so much as an email. If I do the moderators have full permission to ban me or do as they wish, as i've stated my intent clearly here.

Look forward to updating tonight!

Until then stay safe, Fez

Isn't that the truth. Just today I managed to diagnose a poor boy with Avascular necrosis of his right femoral head/neck. The poor child had been hit by a car and fractured his femur. To suggest necrosis and see the consultant give me a smile to say I was correct filled me with a rush of joy, it was one of the first times I've felt like a real doctor. Truly money can make you comfortable, yet it cannot buy you true inner peace and happiness.

Have to rush now! Stay safe, Fez

interesting, i am in. good luck mate.

You remind me of a friend.
I totally agree.
The more you give the more you get thats how it works.
Always give charity and if you dont have anything to give then offer a small service and if you have nothing to offer then then least you can do is smile.
When we make money in FX then give a part of the winnings for charity.

:nerd:
great news
go forward ,,allah bless you

well said

Hello fezmar!
Do you happen to know a guy named nv_trader?
What is your favorite football club? Let me guess... Arsenal?

Greamies fan for years.
Here you go http://prntscr.com/58947o
These 2 positions have doubled my account

Hi Fez,
would love to here much more about your method.
waiting on how to proceed...

Brgds
Don

thanks my dear in advance
is my 1st reply in my page and the favorit one
thanks

Subscribed...will watch with interest!

can`t wait for more explanation

Well said X-Man. This is good thing and Always try to do best with your self and if you found some thing Good, share with others this is the best way.

Good evening fellow traders,

I've just got back in from a gorgeous dinner at the famous Shard with some friends. What a piece of architecture, one of the tallest buildings in Europe. Took the picture myself, it's simply jaw dropping. Really humbles you, realising just how small you really are.

I'm about to get started on a first post beginning the details of how I trade. Before I do this, I'd like you to read this, and read it carefully.

1. This is no secret incredible method. It is not a new method or some high tech system. If you are waiting for this, you will face disappointment. I have found others who trade like me, for example our dear friend Graeme and the other trader that was posted on the first page, a member named 'Hollowhead'. I went on his thread and he has achieved beautiful returns of over 700% doing something similar to myself.

2. This is in no way the 'only' or even 'best' way to trade. As I've reiterated many times now, I'm no expert. I'm simply sharing what has worked for me.

3. Please, do not trade this until you get comfortable with it. Anything you risk is on your own self. I only wish to help people but I cannot take account for any failures. I'd be devastated if someone took my method and lost their money with it.

4. This is not for people just starting out with Foreign Exchange. I mean that. It really isn't. As I've said before, this is focusing more on a method of taking an existing decent method and turning it into something special. So please, be realistic.

5. Your opinions (both good and bad) and questions are very welcome.

I'll begin writing the post soon. I cannot promise a specific time due to the sheer volume of lectures I have to study, however rest assured I am working on it.

Stay safe, Fez

I have decided to leave my work for now and get this post out of the way.

Right then, let us make an initial start.

As I stated earlier, in a very small nutshell I simply take advantage of large risk to reward ratios. The main reason I began trading like this (apart from the insane profitability) was the fact that I hated the pressure of needing a high win rate. I mean I despised it. I just could not predict the market accurately enough to make decent money from it.

Now, I first began trading from a $3,000 account. You've seen my balance currently from the first post. Once again, I could easily be lying. I could fake any proof you request of me, and do so in the blink of an eye. In reality you will never know if I am speaking the truth. Therefore all I can do is say what happened, and whether you believe me will be left in your hands. Perhaps even if you don't, you can still learn something useful from me. Or indeed I from you.

Let me now write a sentence that most people will think I am insane for. They will tell me I have lost my mind, that I should get myself checked. But it is a simple truth.

My success to date has come from under 20 trades.

Ah, Fez has gone crazy. What is he talking about?

Let me ask a question that may open your eyes. Did I take only 20 trades?

If I answered yes to this, then I really have lost my mind. Of course not. I have perhaps taken around 300+ trades. I'm simply saying that of those, under 20 were successful.

Where does that put me in terms of the classic win rate? Under 7%.

Perhaps you should take a moment to really appreciate what I just laid down. I have compounded my account to 6 digits with a 7 percent win rate. In normal conditions, I am 'right' perhaps once per 20-30 trades I take.

That's right, I consistently take 20 consecutive losers without batting an eyelid. Now of course, I will set some of these at breakeven. In fact I can usually get around 8-10 of these to breakeven. But from the time and effort that I spend on those 20 trades, I get no return. Zilch.

I have always been an ambitious person. I grew up in a poor home and for me the 10% a month gain simply wasn't enough. Call that greed if you will, I like to think I had high aspirations. I think one of the main things that assisted my success was the fact that I didn't spend time on any forums, or even speaking to other traders. I first met another trader only when my account was already nearly at six digits.

Perhaps you will call this luck. That may well be. As I said, I'm not saying this will work for you. I'm simply sharing with you what worked for me.

How long did this take me? The better part of 4 years. I also had huge commitments to medicine so could not devote a full amount of time to my trading endeavour.

These days I could never achieve those kind of % returns, simply because I am risking only 0.5% per trade now. However, with a 1:40 (For example) risk:reward, that's still a 20% gain. I'll leave you to calculate how much that is.

Once again, am I achieving 20% gain per trade? Of course not! Like I said perhaps 1 in 20 trades will reach this target. So averaged out, I am actually only gaining about 1% per trade.

When I initially began, I was risking 3% per trade. My palms begin sweating to even think about risking that kind of percentage now. And let me tell you, I was up to around 50k and was still risking 3% per trade, until it sunk in that I was putting $1,500 on the line every time. That is when I began to reduce my risk. Would I recommend you risk something like 3%? No. There is a high risk of blowing out your account like this. At 0.5% now, I'd need over 200 losers to blow my account. And it isn't my only account, I also have others albeit much smaller.

Why might this method not be suited to you? Two main reasons.

1) You can't stand to be wrong. Me, I'm the opposite. I love having the freedom of being able to make many mistakes. I actually enter a trade expecting to lose, and am very surprised if it's actually a winner. It's just in my nature. I'm very comfortable taking many losses knowing that once the Tsunami comes i'll be taking home a very lucrative paycheck.

Many people in the past have told me how I'd be more profitable if I simply set a smaller target and won more of my trades. Perhaps they are right. I'm not interested though. I'm comfortable with this method, and I'm making more money than I possibly need.

2) The drawdown. This bit got very ugly. In fact when I first started, my $3,000 was down to $600 before I made my first win. That requires some real nerves. What was my balance when I won my first trade? $6,600. I over doubled my initial starting balance with a single win. My second trade brought me up to $11,400 or thereabouts. My 3rd win was my most memorable. I managed to turn my account into $25,000 with one win. I couldn't sleep for several nights.

Those are the two reasons why this may not appeal to you. And it's perfectly reasonable that it doesn't. For those of you who are still interested, can comfortably accept being wrong and can handle a drawdown, my next large post will entail actual entries/exits. Like I said, these are not anything special at all. I was pleasantly surprised when I read Graeme doesn't place great importance on his entries either. The major spine of of my strategy is what you have just read, the entries are but a mere detail.

Until then, feel free to ask any questions/give any criticism and I'll reply when I can.

Stay safe, Fez.

I'm in Fez. Honoured to be name checked, but there are far better stacking/millipede position traders than me. I have so many trading demons I am fighting. So many bad habits from years of living in trading fantasy-land. Can't wait to hear from your experience and share your perspective.

Steve