Tim's £500 marathon. Goal £1 million | Page 15 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Single Strike -> Epic Win (500% return, at 500:1) 72 replies

$500 to Million in 11 months - Higher Risk vs. Higher Reward EA 21 replies

Goal: Double account balance every month?! 73 replies

Modest Goal? 10 replies

What is your long term goal? 7 replies

Attachments: Tim's £500 marathon. Goal £1 million
Exit Attachments

Tim's £500 marathon. Goal £1 million

  • #281
  • Mar 3, 2015 10:30am Mar 3, 2015 10:30am
Tim, you rock!

Im a bit jealous on your great results, keep on showing off, it strengthens my desire to increase my skills!
  • #282
  • Mar 3, 2015 10:33am Mar 3, 2015 10:33am
Quoting armyda
{quote} he is here to show no to explain
I'm just curious. It's not a big secret if he trades arbitrage EA, typical EA or manually...
  • #283
  • Mar 3, 2015 10:34am Mar 3, 2015 10:34am
aaaayeeeee lets gooo beebehhh
we don't predict, we only ride
  • #284
  • Mar 3, 2015 11:47am Mar 3, 2015 11:47am
Quoting Armis
Hi everyone! After reading the whole post I was under the impression that Tim is just entering trades seconds before news announcements favoring whatever is written in FF calendar. But then AUD/USD trade tipped me off, cause expectations were for a 0.25% rate cut, but remained unchanged at 2.25%. So in this case Tim would have been caught out on the wrong side of it. So is he following fundamentals? No, i don't think so. It looks like he will try to trade as many RED news announcements as he can. But the reality is not all of them are market movers....
Are you sure there is a fixed spread broker? during the news time? if so.. all of us would be millionairs easily....!
  • #285
  • Mar 3, 2015 12:21pm Mar 3, 2015 12:21pm
I find it funny how people, want value to consist of telling them everything on how to be profitable with step by step instructions. If they don't find that, then it means there is no value. Every trader has to find his own bearings, and trying to follow other traders is a course for disaster, because you have no true understanding of their methodology your just tailing them, so when something happens you can't explain its reasons.. Just some food for thought, if you want to do good, you need to do it on your own.
There are those who know, and there are those who don't know.
  • #286
  • Mar 3, 2015 12:23pm Mar 3, 2015 12:23pm
Quoting vinforex7
{quote} Are you sure there is a fixed spread broker? during the news time? if so.. all of us would be millionairs easily....!

Obviously spreads do widen during news. But not as much if you would have floating spread account. For example if you are a good trader it's better to opt in for floating spread. Since you position yourself in advance when the market is calm and save in the long term. And then if starting up, better to go for fixed. Because you have a good idea what's the average spread throughout the day.
  • #287
  • Mar 3, 2015 12:33pm Mar 3, 2015 12:33pm
Quoting palabara
I find it funny how people, want value to consist of telling them everything on how to be profitable with step by step instructions. If they don't find that, then it means there is no value. Every trader has to find his own bearings, and trying to follow other traders is a course for disaster, because you have no true understanding of their methodology your just tailing them, so when something happens you can't explain its reasons.. Just some food for thought, if you want to do good, you need to do it on your own.
every trader have their unique style, and I call it an art.
we don't predict, we only ride
  • #288
  • Mar 3, 2015 2:02pm Mar 3, 2015 2:02pm
Quoting Armis
Hi everyone! After reading the whole post I was under the impression that Tim is just entering trades seconds before news announcements favoring whatever is written in FF calendar. But then AUD/USD trade tipped me off, cause expectations were for a 0.25% rate cut, but remained unchanged at 2.25%. So in this case Tim would have been caught out on the wrong side of it. So is he following fundamentals? No, i don't think so. It looks like he will try to trade as many RED news announcements as he can. But the reality is not all of them are market movers....
To me, good stats, drawdown, etc. Perfectly legit strat, in my book ... . Obviously have to go in "a touch" larger to make progress ... . Rock on, Tim ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #289
  • Mar 3, 2015 3:57pm Mar 3, 2015 3:57pm
You are going well Tim!

Good to see :-)

I have been trying to achieve some big goals but am probably taking more risk than you (look at my trade explorer.

Any change I can fund an account and mirror your trades through metatrader?
  • #290
  • Mar 3, 2015 6:43pm Mar 3, 2015 6:43pm
Quoting hunting pips
{quote} ha ha....let's see who can reach 1 million first. Fun to see someone doing instead of dreaming. Come on!
Haha....good to challenge someone, so to keep you active to aim for million. But don't be greedy, too over weight to your portfolio could dangerous your portfolio. I also challenge both of you and be top of ranking in FF. Lol....
  • #291
  • Mar 3, 2015 6:56pm Mar 3, 2015 6:56pm
Yeah.. Good on Ya Tim.. go for it mate..check out Scalp Scalp.. Scalp.. William started with not much more and he is braining it..
  • #292
  • Mar 3, 2015 7:14pm Mar 3, 2015 7:14pm
Quoting danc
Yeah.. Good on Ya Tim.. go for it mate..check out Scalp Scalp.. Scalp.. William started with not much more and he is braining it..
Who was that Danc? Got a link? ......... Found it mate.
  • #293
  • Mar 3, 2015 7:27pm Mar 3, 2015 7:27pm
Quoting directxxx
{quote} Who was that Danc? Got a link? ......... Found it mate.
dont knnow william but Dan also didnt start with much and made a lot : http://en.wikipedia.org/wiki/Dan_Zanger
Think : Trade : Live Life
  • #294
  • Edited Mar 4, 2015 4:15am Mar 3, 2015 8:37pm | Edited Mar 4, 2015 4:15am
Quoting ~bull.bear~
{quote} Haha....good to challenge someone, so to keep you active to aim for million. But don't be greedy, too over weight to your portfolio could dangerous your portfolio. I also challenge both of you and be top of ranking in FF. Lol....
Haha....quite a number of the top rank in FF trade are actually losing money and their MM is really atrocious. U can check their all time profit and many are actually losing, even their MTM looks amazing. FF should change criteria and to include year-on-year (YoY) profit as well. Many of the top rank for monthly trade are not profitable for the year or all-time. In fact, I have never been in the top 10, and the best I can attain in probably in the Top 20s. But even that, I consider myself using quite risky MM. However, I have been able to get out of trades fast when the momentum is losing steam since the past few months of live trades ( as my trades are predominantly triggered by my ea). What I discover is that tick or at best 1min chart is the best tf to observe momentum and to track sl. The manual live trades also give me a feel of the market which my ea could not discern (due to the inability to fully quantify my sl and take profit level yet) . Guess I have talked too much. Ciao.
Make everything as simple as possible, but not simpler.
  • #295
  • Mar 3, 2015 8:39pm Mar 3, 2015 8:39pm
Quoting TimTheTrader
Hello people, this is my trading journal where I will document my trades in the FOREX market. I am also making use of the TRADE EXPLORER to asses my performance and display my trades. I have been trading FOREX on a demo account for 7 months and have decided to go live. My goal is to make 1 million! I am probably going to have A LOT of DOUBTERS, but I believe NOTHING is IMPOSSIBLE. I don't know how long this marathon will take, maybe 10 years, 5 years, a month or even a day! Lol who knows, I guess you need to stick around and find out. Enough of...
Best of luck to you! I'll be keeping up with you so don't let me down

Also, do you think having a goal to make a mil affects your trading psychology? On my demo account every one of my trades I was trying to make a million and ... well... things didn't go so well haha.
To maximize your gains you must minimize your losses
  • #296
  • Mar 3, 2015 10:59pm Mar 3, 2015 10:59pm
God bless you to stay with 5% !!!
  • #297
  • Mar 4, 2015 1:04am Mar 4, 2015 1:04am
Quoting stt
{quote} dont knnow william but Dan also didnt start with much and made a lot : http://en.wikipedia.org/wiki/Dan_Zanger
Larry Williams from $10,000 to $1,147,607 in 1 year, profit 11,376%
http://www.worldcupadvisor.com/Advis...sor.aspx?ID=55
  • #298
  • Mar 4, 2015 1:52am Mar 4, 2015 1:52am
Quoting Tim_isoara
{quote} Larry Williams from $10,000 to $1,147,607 in 1 year, profit 11,376% http://www.worldcupadvisor.com/Advis...sor.aspx?ID=55
Tim.. notice you Tuvalu..??MMM i use too fly in and buy Sand fish from there back in the 80tys you would have been a small boy then Hey??had a small float plane go round all the out posts and buy dry sea food.. take back to my bolt hole in Suva.. those were the days MMMM ..white Bounty Rum with fresh coconut juice..MMMM just yesterday..i lived under the Tuvalu Embassy in Suva..on top highest hill in Suva..what a place..could write a book about that..
  • #299
  • Mar 4, 2015 2:41am Mar 4, 2015 2:41am
Good luck Tim !.

I hope you make at least half million

P.s: I like your type of trading using 1M
  • #300
  • Mar 4, 2015 6:02am Mar 4, 2015 6:02am
Took a loss today of -£46.88 trading AUD/USD in the morning. Got Spiked! Oh well it happens

Account is now at £1069.46
Attached Image
Trade smart, not hard
0 traders viewing now