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  • #10,741
  • Dec 15, 2014 7:22am Dec 15, 2014 7:22am
Quoting Schickeria
{quote} if we trigger 2340 before and than go higher i would't short EURUSD there. that is my view. i'm stil short on EU
Welcome back.
  • #10,742
  • Dec 15, 2014 7:23am Dec 15, 2014 7:23am
Quoting Schickeria
{quote} if we trigger 2340 before and than go higher i would't short EURUSD there. that is my view. i'm stil short on EU
I dont see any chance to make a HH if we go below 236x again...thats for me
Hero calls followed by margin calls...
  • #10,743
  • Dec 15, 2014 7:25am Dec 15, 2014 7:25am
Quoting Rockerzeus
{quote} Welcome back.
  • #10,744
  • Dec 15, 2014 7:27am Dec 15, 2014 7:27am
Quoting PhAnTi'
{quote} I dont see any chance to make a HH if we go below 236x again...thats for me
oh yes

bounce is comming soon for 1.2600 and higher
  • #10,745
  • Dec 15, 2014 7:59am Dec 15, 2014 7:59am
Had two small shorts on E/U today, up 1% on each of two accounts so far.

Will be hard with this millionaire thing me thinks

10% p.d.? Mh, if I am lucky I can get 10% p.w..
  • #10,746
  • Dec 15, 2014 8:02am Dec 15, 2014 8:02am
Quoting CandleStar
Had two small shorts on E/U today, up 1% on each of two accounts so far. Will be hard with this millionaire thing me thinks 10% p.d.? Mh, if I am lucky I can get 10% p.w..
10% are normal for me in one week!

but i earn more than 10% per week.
  • #10,747
  • Dec 15, 2014 8:04am Dec 15, 2014 8:04am
Quoting Schickeria
{quote} i want to start in januar 10.000€ to 1 Million Profit with one live account, but not here! 10% per week should be minimum
It's very doable indeed. As long as you make an average of 20 pips/day or 100 a week based on 5% leverage, it's done.
Lost....
  • #10,748
  • Dec 15, 2014 8:21am Dec 15, 2014 8:21am
Quoting gespiri
{quote} It's very doable indeed. As long as you make an average of 20 pips/day or 100 a week based on 5% leverage, it's done.
It's really doable !!!!
  • #10,749
  • Dec 15, 2014 9:00am Dec 15, 2014 9:00am
Quoting gespiri
{quote} It's very doable indeed. As long as you make an average of 20 pips/day or 100 a week based on 5% leverage, it's done.

care to get your maths straight?

starting capital 10.000 EUR


5% of what?
  • #10,750
  • Dec 15, 2014 9:46am Dec 15, 2014 9:46am
Quoting Schickeria
{quote} 10% are normal for me in one week! but i earn more than 10% per week.
Could extend my little wins with another short to 1,5% for today, will not try another one. Nothing seems to have legs.
Wednesday is decision day.
  • #10,751
  • Dec 15, 2014 10:24am Dec 15, 2014 10:24am
Quoting infinitus
{quote} care to get your maths straight? starting capital 10.000 EUR 5% of what?
Sure Markus! I meant 25% and got the ratios wrong but here it is.

If you have a 1k account trading the E/U pair, you'd start by buying half a contract equivalent to 13% margin to account balance ratio. Once the 100+ pip is achieved, you double up the contract size every week until you max out at 50 contracts (which is the risk tolerance for me). We're looking at around 13-25% of capital in the beginning but tapers off as the account size gets bigger. In order to minimize risk in the beginning, 10-20 pips is all we need.

If one has a 100k balance, 50 lots at 10-20 pips/day is 5k-10k. I've seen some posts here in the past similar to this. Unfortunately, I've blown past accounts trying to hold positions for more than a day since its difficult trade while maintaining a day job. So far, this is working for me since Nov. 3 starting with $300 (0.15 lot).
Attached File(s)
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Lost....
  • #10,752
  • Dec 15, 2014 11:40am Dec 15, 2014 11:40am
Quoting gespiri
{quote} Sure Markus! I meant 25% and got the ratios wrong but here it is. If you have a 1k account trading the E/U pair, you'd start by buying half a contract equivalent to 13% margin to account balance ratio. Once the 100+ pip is achieved, you double up the contract size every week until you max out at 50 contracts (which is the risk tolerance for me). We're looking at around 13-25% of capital in the beginning but tapers off as the account size gets bigger. In order to minimize risk in the beginning, 10-20 pips is all we need. If one has a 100k...

Hi Gespiri,

honestly, that is all not satisfactory.

5% leverage first - 5% of what

now 13% of margin - of what margin? How much margin does your broker give to you? 400:1, 100:1, 50:1?



When you start with an account of 10.000 USD as Schickeria told, and your target is to gain 10% a week by placing one trade (or 5 trades a 20 pips, as you suggested), the calculation is as follows:

Example for trading EU:

10% of 10.000 is 1.000 USD

1000 USD divided by 100pips (5x20pips) is 10 USD


10 USD per pip is reached by taking 1 Lot (100.000)


That means:

you lever up your 10.000 USD in account with the factor of 10

That is all what counts in order to estimate risk.



There are so many studies out, which clearly show, that all leverage above around 5:1 is risky as hell. Most professional traders do trade regularly not above 2:1 or 3:1 (recipe to stay in business)

Add to that, that I am a bit annoyed. Advocating the oh-so-easy money is the least I want to read in the threads I like. When it is oh-so-easy to make 10% a week constantly, then let me ask you a single question: why are people still here after many years? With 10% a week you would have gained nearly 29 billion in 3 years, or 200 million in 2 years.

In this case I would spent my time anywhere but not here in FF. Wouldn't I?

I do not understand the constant dick-measurement-contests here lately where the daily %-gains are flying deep, but hardly one trade is posted.

There was an old rule in some threads, and that rule was: either call the trades in advance, or shut up. Would love to see people remembering this. If not, this place is not better than any other thread in FF we used to joke or complain about.


Maybe I am in bad mood - so forgive me my rant
  • #10,753
  • Dec 15, 2014 12:18pm Dec 15, 2014 12:18pm
Quoting infinitus
{quote} Hi Gespiri, honestly, that is all not satisfactory. 5% leverage first - 5% of what now 13% of margin - of what margin? How much margin does your broker give to you? 400:1, 100:1, 50:1? When you start with an account o...
Don't worry Fini, I'm not offended. We've been crossing each other's paths for almost 3 years now...

I'm not advocating easy money with forex. What I am advocating is discipline on trades and profit recognition. When I looked back and analyzed why I always blew my account, it's because I was always aiming for that jackpot trade with high leverage. By minimizing my profit target to a reasonable amount daily (which prevents over-trading), I'm able to control my losses and push myself away from the computer once I met my target. I didn't say it's perfect with no-losses.....I am saying that I'm able to build my account consistently (baby steps). I don't have the account size like Schick or yourself. By risking $300-$500 with the possibility to make more, why not?

Also, if you've noticed, I don't brag my trades nor publish them. I'm also not ashamed to admit that I've lost a lot of money too because of my mistakes. I go here to learn about different styles for different time frames, so I'll be ready to implement what I learn when the time comes. I can say, however, that sometimes I feel closer to my goal of having my own trading plan that's consistent and I feel comfortable with....thanks to the many participants who have shared their styles and experiences here (you among 'em).

FYI, I'm with gcitrading and pretty satisfied with their margin ratio. With a $1k account, I can buy 2 lots ($500) but I won't. However, with the plan I mentioned earlier, I started with $300 and 0.15 lots, with the goal of making $150 for that week. The following week with an acct balance of $450, I would try to make 100 pips using 0.30 lots. There were times when I only made 60 pips or time when I made 100+. But I would always stress discipline on trades and protection of earned profits.
Lost....
  • #10,754
  • Dec 15, 2014 12:24pm Dec 15, 2014 12:24pm
Quoting infinitus
{quote}Maybe I am in bad mood - so forgive me my rant
Maybe you just did not make 10% today, no?

Just kidding

OTOH let us do what we want to do. If we lose the money so it may be, in my case it is mine and you won´t see me whine here when I lose it.
To the trade calls I said enough to this theme just yesterday, no need to repeat myself. And the trades I made today were very risky and fast and I would not want someone to follow that. But the results are real and the only reason to post them here is to inspire readers that may have lost to not let their hopes go by because it can be done.

In noy way I want to show how superior I am, because I am not. Schickeria and a lot of others are much much better, but that is the spirit part:
When a general guy like me can do it you can do it too
  • #10,755
  • Dec 15, 2014 12:26pm Dec 15, 2014 12:26pm
Quoting CandleStar
{quote} Maybe you just did not make 10% today, no? Just kidding OTOH le
GENAU!
Lost....
  • #10,756
  • Dec 15, 2014 12:30pm Dec 15, 2014 12:30pm
Quoting gespiri
{quote} . I'm also not ashamed to admit that I've lost a lot of money too because of my mistakes. I go here to learn about different styles for different time frames, so I'll be ready to implement what I learn when the time comes.
This is the right attitude!
Fix up, trade sharp ...
  • #10,757
  • Dec 15, 2014 1:43pm Dec 15, 2014 1:43pm
Quoting gespiri
{quote} Don't worry Fini, I'm not offended. We've been crossing each other's paths for almost 3 years now... I'm not advocating easy money with forex. What I am advocating is discipline on trades and profit recognition. When I looked back and analyzed why I always blew my account, it's because I was always aiming for that jackpot trade with high leverage. By minimizing my profit target to a reasonable amount daily (which prevents over-trading), I'm able to control my losses and push myself away from the computer once I met my target. I didn't say...



I can say, that most of the time I tried to hit the jackpot it costed me dearly

Add to this the simple knowledge of some statistics of failed traders and you can understand why I am a bit annoyed when reading about "easy 10%" or so. It is not.

Even when you try to only focus on the highest probability trades: the "easy 10%" expectation will kill most of us in the long run.

"But I would always stress discipline on trades and protection of earned profits"
  • #10,758
  • Dec 15, 2014 1:58pm Dec 15, 2014 1:58pm
Quoting CandleStar
{quote} Maybe you just did not make 10% today, no? Just kidding OTOH let us do what we want to do. If we lose the money so it may be, in my case it is mine and you won´t see me whine here when I lose it. To the trade calls I said enough to this theme just yesterday, no need to repeat myself. And the trades I made today were very risky and fast and I would not want someone to follow that. But the results are real and the only reason to post them here is to inspire readers that may have lost to not let their hopes go by because it can be done....

OK, but put you in the shoes of all the readers: when we all would start to only call the trades after the fact, which would be easy, the thread would get completely nonsense, wouldn't it?

What shall one learn from a continuously "made 1% here, made 2% there" without analysis beforehand, without talking of SL or expectancy beforehand etc.?

The Oktoberfest Nightclub as well as "The Club" are "famous" for "clean" environment. We had achieved that because we established some rules for trade reporting from the beginning on.

The members were known for their attitude, that there was no need for pissing contest or bragging or dick measurement.

And also I do not understand when people say, that their technique is so complex and fast, that they can not call the trades. Even when I scalp on 1min TF or below I have ideas and levels beforehand, where I will take the trade or not.

Do not misunderstand me: there is no need to call a trade at all (or report it with entry/exit etc.). But there surly is no need and no gain in reporting trades after the fact.

In this case would for example be better to tell us about the circumstances why you took the trade.


Only food for thought......
  • #10,759
  • Dec 15, 2014 1:58pm Dec 15, 2014 1:58pm
Quoting Hickson
{quote} This is the right attitude!

  • #10,760
  • Dec 15, 2014 2:00pm Dec 15, 2014 2:00pm
Quoting Schickeria
{quote} 10% are normal for me in one week! but i earn more than 10% per week.
bastard...where u been...
Look Sharp/Trade Tight
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