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0 to 10000%: Big RR

  • #21
  • Oct 10, 2015 8:05am Oct 10, 2015 8:05am
Quoting NaughtyPip
{quote} Hey super trader, nice work I am interested in how you manage your trades once in. I.e Do you trail stops until you are stopped out or do you have a long term target?
Hi NaughtyPip,

Thanks I don't trail my stop but i do have a break even once it reached certain pips and yes i do have a long term target about 30 to 60 pips. Depending on market conditions. You have to play around on this one. Which is why trading only one instrument will help you to get a 'feel' of its moves.
  • #22
  • Edited 9:50am Oct 10, 2015 9:40am | Edited 9:50am
Quoting matheszabi
{quote} {quote} The funny thing it is: both is working and none of they! I wanted to find when is working: Trending works in a certain hours of the day or if Yellen , Suppermario speaks to late then is working again. Mostly around 7-9 GMT is starting then a launch break and around 12-15 has a real push. Otherwise in a ranging most of the times of the day. GMT 19:00- 05:00 or to 7:00 Just write an EA and run at H1, and the EA do only sum the pip movement by hour , finally divide it by the count, so you have an average. ( this EA will not make any...
You have to understand trading is not easy. It requires you to be able to understand the psychology of the market. In a way, you need to be philosophical about it. Try to structure your trades so that it can be profitable in the long run. Don't focus on short term gains. Focus on the results you would get after you have executed your structured trading plan for at least 600 trades. Then you modify it until it is profitable. This is no easy task, but persevere and maybe you would succeed. In the meantime, do not trade a live account. Trade a demo with a structured trading plan and see whether you are profitable or not. If it is frustrating you and you seem to get nowhere then leave trading and do something else. If you are in this only for the money then that is the wrong way to approach this and you might get nowhere. If you like the challenge this game brings then rise up against it. Just don't burn your money. Use a demo first. I have probably burned billions of demo money. Hundreds maybe thousands of demo accounts before achieving any sort of competency.
  • #23
  • Oct 10, 2015 10:45am Oct 10, 2015 10:45am
Quoting Supertrader9
{quote} You have to understand trading is not easy. It requires you to be able to understand the psychology of the market. In a way, you need to be philosophical about it. Try to structure your trades so that it can be profitable in the long run. Don't focus on short term gains. Focus on the results you would get after you have executed your structured trading plan for at least 600 trades. Then you modify it until it is profitable. This is no easy task, but persevere and maybe you would succeed. In the meantime, do not trade a live account. Trade...
Deleted my posts, because it seems they aren't usefully.
Peace
I want to buy PATIENCE
  • #24
  • Oct 10, 2015 11:39am Oct 10, 2015 11:39am
Hi super,

1). How do you know the market will move 3 times of uour risk?
2). What % of your risk?
3). What leverage do you use?

Thanks,

Note: I am interested in big RR.
  • #25
  • Edited 1:18pm Oct 10, 2015 12:10pm | Edited 1:18pm
Quoting antonsatu
Hi super, 1). How do you know the market will move 3 times of uour risk? 2). What % of your risk? 3). What leverage do you use? Thanks, Note: I am interested in big RR.
Hi antonsatu,

1)I don't really understand your question but if you mean how do i know the market will move in my favour three times of what i risked, then i must say i don't know it for sure. It is just that i am an experienced trader and based on my experience i take trades. This is a probability game. Look at the results above, i only win about 30% of my trades.
2)It depends 2% to 4% per individual trade(for the account above)
3)The highest I can have because leverage does not affect your risk. The size of your position does. There is no difference if you open 0.1 lot position on 1:400 or 1:50 account. The only difference is with 1:400 you can open a lot more 0.1 lot position than a 1:50 account. That is what leverage is, it amplifies your buying/selling power.

The account shown above is not the risk that i would recommend people to take. In this account the average risk is about 3% per trade which is very very high. I would risk 0.5% per trade if i am trading with a larger capital. However with risk 3%, i could show the compounding effect faster and this is what the thread is all about.

It is good that you are interested with big R:R
  • #26
  • Edited 1:14pm Oct 10, 2015 12:53pm | Edited 1:14pm
Maybe this presents some interests for some:
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.lmxH1.png Size: 155 KB

It is a H1 chart.
Candle Statistics are from Febr 6 2015 to Oct 9, 2015
The pink is the Stop loss value of the candle at that hour
The yellow value is the Take profit for that hour
The blue ( inside yellow) is the "movement": close-open.

GMT 0:00 - 1:00 - 2:00- 3:00 - 4:00 -5:00 candles are small
GMT 6:00 is considerable higher then the previous ones: start to move
GMT 7:00 and 8:00 are the highest moves ( in one direction)
GMT 9-10-11 are weaker
GMT 12-13-14 almost like the highest
GMT 15-16-17 is like GMT 6 candle
GMT 18-19 is less then previous
GMT 20-21-22-23 are so few as the GMT 0-1-2-3-4-5

Hence:
- from GMT 20:00 to GMT 5:00 is missing the push force: ranging is the best
- Push1: 7:00-9:00 -trend maker
- Push2: 12:00-15:00 - trend maker
- Reversals maybe: 6:00-7:00, 15:00-18:00

Conclusion2:
The SL should be around spread+ 10 pip max , but is less
The TP is min 3x of SL. Then you exit in this H1 candle and go fishing on the next candle.
The 2x is a movement, so you can expect to have the next candle movement caught.
Examle: at 12:00: 10 pip + spread SL. And the target is : 20/32 + 19/31 + 21/32 . Maybe it is a candle reversal, but one is with TP, so the TP should be 40-50 pip

12 pip risk (with spread ) and 40-50 reward is the R:R here, 1 trade / day, 3 hours... hit or miss


Some other popular charts:
GU:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.lmxH1.png Size: 164 KB


UJ:
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.lmxH1.png Size: 173 KB


EG:
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP.lmxH1.png Size: 181 KB

Peace
I want to buy PATIENCE
  • #27
  • Oct 10, 2015 1:20pm Oct 10, 2015 1:20pm
Almost exactly I have estimated:
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.lmxH4.png Size: 180 KB


12:00 -16:00 candle ( H4 )
13 pip SL, 46 pip TP, 30 pip movement
Attached Image
I want to buy PATIENCE
  • #28
  • Oct 11, 2015 2:10pm Oct 11, 2015 2:10pm
hi,
what time frame do you trade the most ?
and you use only price action? or any patters?
  • #29
  • Oct 11, 2015 2:16pm Oct 11, 2015 2:16pm
Quoting TwFXtrader
hi, what time frame do you trade the most ? and you use only price action? or any patters?
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 61 KB

What do you think what time frame is it?!
I want to buy PATIENCE
  • #30
  • Oct 11, 2015 2:16pm Oct 11, 2015 2:16pm
Quoting Supertrader9
{quote} Hi Matheszabi, I seriously do not understand this post. However, you have a point there about the type of brokers traders should choose. Always choose brokers that are regulated by a strong regulator not just in some island. FCA(UK) and ASIC comes to mind. The broker that i am using is only valid for smaller accounts. P/s Owh i get it now, you are trying to tell me that i need to read the thread 100$ to 10,000$ so that i would trade better. Thanks for the advise and wisdom. I will check it out. I think i have read it before but its okay...

Can you tell us more about your strategy ? i think moving average crosses are winning 30 percent of the time. Forexsaint had something like this going on some time ago when he buit up his account to many 1000 percent if i dont missremind. Was really intresting but i did never understand on how he did it just that he adding many positions.

Best regards
  • #31
  • Oct 11, 2015 2:18pm Oct 11, 2015 2:18pm
Quoting matheszabi
{quote} {image} What do you think what time frame is it?!
oh one hour i think...
  • #32
  • Edited 2:59pm Oct 11, 2015 2:30pm | Edited 2:59pm
wow thank you op i love you so much...
i almost forgot the power of risk and reward.

that's why many people say the win% is not that important.

doing 1:3 trades that means you can loose 2-3 trades to break even right.


but you really need good patient when doing this.
  • #33
  • Edited 4:17pm Oct 11, 2015 4:03pm | Edited 4:17pm
Free lunch: http://www.forexfactory.com/showthre...19#post8534619


I wrote in other threads too.
$100 to $10k:

You need a broker with 500:1 leverage.
You need a high impact news. NFP, Bank rate, Mario speak, such
You need to trust your broker will not delete your trade it will not lag you and it won't widen the spread more the the real market.
You need luck


at 500:1 leverage you double the account with 20 pip! and you loose it!

1. wait for an NFP news, ideally the news release result too, sometimes it is to late, you can correct at the second step
2. Open an order with coin toss direction! - lets say up: 100$ x 500:1 leverage = 0.5 lot!
3. If it goes against you you lost 100$. If if goes in direction, then place a buy order at 25 pip ( 20 pip + spread+ comission+slippage) with another 0.5 lot. So at 25 pip you doubled the account and going to double again.
4. if it goes another 25 pip place 1 lot buy
5. +25 pip : place 2 lot buy
....

Last time NFP was 100 pip in 1 minute and continues without retrace.Total 160 pip and only 8 pip ( + spread ) against you. Only 10 min total.
So it was the ocassion to double the account 6-7 times

6 times double:
$100 x2 x2 x2 x2 x2 x2 = $6400
7 times double:
$12800

But once it goes 20 pip against you, then you will go to your mom and cry and you will say "that ugly man told me to risk my family saved money to be billionaire"

Not every news is the same:
Attached Image (click to enlarge)
Click to Enlarge Name: jdfbdbgf.png Size: 120 KB
Attached Image (click to enlarge)
Click to Enlarge Name: aedgfgag.png Size: 81 KB
Attached Image (click to enlarge)
Click to Enlarge Name: ihbgafad.png Size: 77 KB



@TwFXtrader
Maybe is better to back to babypips until you think a bunch of trades with 1-2-3-5 minutes duration are hourly trades
I want to buy PATIENCE
  • #34
  • Oct 11, 2015 4:04pm Oct 11, 2015 4:04pm
cong Supertrader9

Quoting vasily
for manual traders, better RR wiser then high win%
  • #35
  • Oct 11, 2015 6:37pm Oct 11, 2015 6:37pm
can i know the MA settings?
  • #36
  • Oct 11, 2015 8:06pm Oct 11, 2015 8:06pm
supertrader9,

Thanks for your kind reply.

Would you please share you system?

Regards,
anton

Quoting Supertrader9
{quote} Hi antonsatu, 1)I don't really understand your question but if you mean how do i know the market will move in my favour three times of what i risked, then i must say i don't know it for sure. It is just that i am an experienced trader and based on my experience i take trades. This is a probability game. Look at the results above, i only win about 30% of my trades. 2)It depends 2% to 4% per individual trade(for the account above) 3)The highest I can have because leverage does not affect your risk. The size of your position does. There is...
  • #37
  • Oct 11, 2015 10:29pm Oct 11, 2015 10:29pm
Wow... this thread is extreme on the big R:R side. I hope I'll get more good stuff the big R:R camp from this thread.

Quote
Failures are good
I agree to this up to some degree. If we look back at our history as a human being the last few centuries were marked with incredible inventions and all of them because of failures. However, it would be better to avoid mistakes by learning from those who have walked the same path before. Some people can do this but many others don't do it this way and the only way that will connect to them is by unconsciously repeating the mistakes by themselves.

That being said, strangely, people don't tend to repeat fatal mistake that will take live because they know it's dangerous like shooting their own head with a gun but obviously not with trading capital lols


Quote
Exactly what i am trying to do! A+++ entry for Big RR and discipline
This reply contradicts your own statement which is:

Quote
To prove my point further i will share a trade journal showing exactly what I mean. I win 30% of the time but just look at the results
How will you explain this controversy? Details please.


Quote
I don't trail my stop but i do have a break even once it reached certain pips and yes i do have a long term target about 30 to 60 pips. Depending on market conditions. You have to play around on this one. Which is why trading only one instrument will help you to get a 'feel' of its moves.
So is it safe that your average SL is around 10 to 20 pips?

Quote
The highest I can have because leverage does not affect your risk. The size of your position does. There is no difference if you open 0.1 lot position on 1:400 or 1:50 account. The only difference is with 1:400 you can open a lot more 0.1 lot position than a 1:50 account. That is what leverage is, it amplifies your buying/selling power.
People seem to misunderstand the use of leverage so this is a good angle to see this matter.


Quote
doing 1:3 trades that means you can loose 2-3 trades to break even right.


but you really need good patient when doing this.
Trading is a waiting game. First you need to wait until you see a good entry and then you wait again until your position make money for you. So patience is really gold in trading.
Different/opposing ideas will make us learn and understand many things.
  • #38
  • Oct 12, 2015 8:28am Oct 12, 2015 8:28am
I think this little experiment shows that no matter what your RR is, being over leveraged will kill your account.
  • #39
  • Oct 12, 2015 8:54am Oct 12, 2015 8:54am
Quoting L33
I think this little experiment shows that no matter what your RR is, being over leveraged will kill your account.
Yip - I see the same pattern in most TE graphs. Irrespective of strategy. Consistent curve up - then BAM. Over and Over. Look at the top 100 live account TE's for October. It would surprise me if 20% of those accounts are in "all time" profit.

It is as if this thing ( the forex market) knows every plan possible out there - and puts in concerted effort to destroy that. I find this very interesting.

Good luck to you. Said with respect.
You can be anything you want to be
  • #40
  • Oct 12, 2015 9:14am Oct 12, 2015 9:14am
Quoting badblood
{quote} Yip - I see the same pattern in most TE graphs. Irrespective of strategy. Consistent curve up - then BAM. Over and Over. Look at the top 100 live account TE's for October. It would surprise me if 20% of those accounts are in "all time" profit. It is as if this thing ( the forex market) knows every plan possible out there - and puts in concerted effort to destroy that.
That assertion is just a personalization of the nature of markets which persists regardless of the plans that retail traders make. I think the problem has less to do with the technical aspect and more to do with undertaking too much undiversified risk.
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