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  • #1,052,241
  • Jan 25, 2016 4:47am Jan 25, 2016 4:47am
Quoting KillerWhale
{quote} Congratulations with your 6 or 7 year membership. A $20.000+ loss is really something to be proud off. Me in your place? I would seriously consider suicide.
You make only profit all the time? No draw down? Never? Ever?To me its a very honest thing to show the bad side of the trading. Happens to everyone, the difference is how you handle a situation like this.
f(z)=z2+c
  • #1,052,242
  • Jan 25, 2016 4:54am Jan 25, 2016 4:54am
Quoting rahulkghosh
{quote} lol. It's just drawdown. This account should definitely be above $10M within 3 years.
Yeah right, only the drawdown got a little bit out of hand?
And the pairs and directions will probably lead you to a margin call.

It's not just drawdown, a 50% loss requires a 100% profit to just get back where you where.



Goodbye 10 million!
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  • #1,052,243
  • Jan 25, 2016 4:56am Jan 25, 2016 4:56am
Quoting rahulkghosh
{quote} should definitely be above $10M
"Definitely" and "foreign exchange" should never be put together in the same sentence. unless you're a central bank. Otherwise be humble, there's some much money flowing through the pipes. we're all just a small and irrelevant spec.
Hope your method is sturdy enough to witstand an out of the blue move. a smart guy once said: the markets can stay irrational longer than you can stay liquid. Hope you get over the dd. good luck!


Waiting for the lines to break. holding 0.02 short (one red one positive) stops above 10.87 Gonna load strong if there's a break of the triangle.
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  • #1,052,244
  • Jan 25, 2016 4:58am Jan 25, 2016 4:58am
Quoting rahulkghosh
{quote} I've held 1:200 leverage on amounts above $1M before. But ya I am reducing leverage soon to 1:100 after I recoup this drawdown. on 1:100 I can get 700% a year.
no broker will offer you more than 1:50 lev. for $1M. (normally it is 1:25)

I worked with RBS, BNP and SAXO before.

which broker offered you 1:200 leverage?

+

it is non-sense to trade forex if you can trade vanilla options (if you have +$1M)

PS: we are below EU pivot, maybe a reversal here.

edit: opened a long here to hedge, 1/10 of all positions
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  • #1,052,245
  • Jan 25, 2016 4:58am Jan 25, 2016 4:58am
Quoting hathor
{quote} You make only profit all the time? No draw down? Never? Ever?To me its a very honest thing to show the bad side of the trading. Happens to everyone, the difference is how you handle a situation like this.
No, of course I have draw downs, but never 50%.

Biggest drawdown in the last year was 6% and that was too much to feel confident.
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  • #1,052,246
  • Jan 25, 2016 5:01am Jan 25, 2016 5:01am
Quoting rahulkghosh
{quote} I've held 1:200 leverage on amounts above $1M before. But ya I am reducing leverage soon to 1:100 after I recoup this drawdown. on 1:100 I can get 700% a year.
Big words and totally worthless.
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  • #1,052,247
  • Jan 25, 2016 5:09am Jan 25, 2016 5:09am
Quoting openyoureyes
{quote} no broker will offer you more than 1:50 lev. for $1M. (normally it is 1:25) I worked with RBS, BNP and SAXO before. which broker offered you 1:200 leverage? + it is non-sense to trade forex if you can trade vanilla options (if you have +$1M) PS: we are below EU pivot, maybe a reversal here. edit: opened a long here to hedge, 1/10 of all positions {image}
My broker can offer 200:1 leverage on up to $10M easily and 100:1 leverage on up to $100M easily. 50:1 leverage on up to $1B.
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #1,052,248
  • Jan 25, 2016 5:19am Jan 25, 2016 5:19am
Quoting rahulkghosh
{quote} My broker can offer 200:1 leverage on up to $10M easily and 100:1 leverage on up to $100M easily. 50:1 leverage on up to $1B.
Again, BIG WORDS, and you show only BIG LOSSES!
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  • #1,052,249
  • Jan 25, 2016 5:19am Jan 25, 2016 5:19am
Eur/Usd is back to it's range between 1.0800 to 1.0900 and bouncing off 1.0810/40 zone.
  • #1,052,250
  • Jan 25, 2016 5:20am Jan 25, 2016 5:20am
Quoting csc2009
Eur/Usd is back to it's range between 1.0800 to 1.0900 and bouncing off 1.0810/40 zone.

Thank you csc2009 for actually speaking about EUR/USD, or Forex whatsoever.
I don't know...
  • #1,052,251
  • Jan 25, 2016 5:26am Jan 25, 2016 5:26am
Quoting KillerWhale
{quote} No, of course I have draw downs, but never 50%. Biggest drawdown in the last year was 6% and that was too much to feel confident.
Why don't you show us that 6% drawdown on a TradeExplorer?
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #1,052,252
  • Jan 25, 2016 5:28am Jan 25, 2016 5:28am
Quoting rahulkghosh
{quote} Why don't you show us that 6% drawdown on a TradeExplorer?
Because it is non of your business.
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  • #1,052,253
  • Jan 25, 2016 5:29am Jan 25, 2016 5:29am
Man i don't give a flying fuck if some one is blowing his account or there is something not correct with his leverage. This forum is for sharing your ideas about the market and gaining some knowledge. So to my concern how many of the speculators who are fucking this joker every single hour for blowing his account or for his leverage has posted a single good trade for new traders or some value information on chart. I think we all know none of us is a fucking Einstein of Forex markets or has some magic system that he is milking millions per year, So let's be rational and stop arguing or even discussing about someone's account and start sharing some knowledge for new traders and inexperienced ones like me and many others.
The mind is not a book to be opened at will and examined at leisure
  • #1,052,254
  • Jan 25, 2016 5:30am Jan 25, 2016 5:30am
rahulk, nothing wrong with dreaming. I hope you manage to get your trillion dollars. Still doubt it will happen. Being number one in some random trading competition means jack sh*t in the real world. Competitions is not real trading. It's HIT or MISS. You just happened to get the HIT with your algorithm. Don't think for one second that this illusion of good trading can be replicated in a "real" trading environment (= long term, consistent, profitable).
  • #1,052,255
  • Jan 25, 2016 5:31am Jan 25, 2016 5:31am
Quoting KillerWhale
{quote} Because it is non of your business.
Or anyone else
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  • #1,052,256
  • Jan 25, 2016 5:34am Jan 25, 2016 5:34am
No wonder we got wars. You fuckers argue over bullshit. Get along group hug
  • #1,052,257
  • Jan 25, 2016 5:36am Jan 25, 2016 5:36am
This place is terrible today with the usual trolls of the thread. I am not going to check this place until I see serious traders come back again.
  • #1,052,258
  • Jan 25, 2016 5:39am Jan 25, 2016 5:39am
Quoting Isvara
Man i don't give a flying fuck if some one is blowing his account or there is something not correct with his leverage. This forum is for sharing your ideas about the market and gaining some knowledge. So to my concern how many of the speculators who are fucking this joker every single hour for blowing his account or for his leverage has posted a single good trade for new traders or some value information on chart. I think we all know none of us is a fucking Einstein of Forex markets or has some magic system that he is milking millions per year,...
I like this one.

That's why I mostly announce a trade I got into, before I claim profit or loss.
Like my short UJ I announced hours ago. I'm still in profit, but I want more, like 200 pips.
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  • #1,052,259
  • Jan 25, 2016 5:40am Jan 25, 2016 5:40am
Quoting rythmrig
No wonder we got wars. You fuckers argue over bullshit. Get along group hug
So true. Just like your avatar:These are the situations when I realize we are monkeys who acts they aren't. So we are wearing clothes and pushing buttons, screens, drive cars and do serious businesses with serious face...while we take a sh*t in our own hand and throw it to others, rape each other, kill each other and 1 stupid makes a hundred.
Mankind is doomed.
f(z)=z2+c
  • #1,052,260
  • Jan 25, 2016 5:57am Jan 25, 2016 5:57am
Quoting hathor
{quote} So true. Just like your avatar:These are the situations when I realize we are monkeys who acts they aren't. So we are wearing clothes and pushing buttons, screens, drive cars and do serious businesses with serious face...while we take a sh*t in our own hand and throw it to others, rape each other, kill each other and 1 stupid makes a hundred. Mankind is doomed.
It's not that bad.
Most people here are quite reasonable, some have big mouths with nothing to tell.
New members come here to learn, and some crazy old members try to teach them.
I hope I'm one of the last group.

I can be nasty if I react to someone I think is lying about his results in trading but generally if someone asks me for help, I'm happy to give it.
I have 10.5 years experience in forex now and no one could survive that long without making profit.
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