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  • #1,060,301
  • Mar 5, 2016 3:26am Mar 5, 2016 3:26am
Quoting mahfoozah
{quote} give that to me and i ll show you in one day how easy that is. i mean seriously, you still dn believe me??? i forgot to mention i did not even take half the chances trading and wasted my time here with you trust me. i will stop doing that now and focus on trading.
We´ll believe you once you publish your account at MyFxBook, live and verified. Why not do that if you are so good? Everyone can see it then and know you are not lying
  • #1,060,302
  • Mar 5, 2016 3:27am Mar 5, 2016 3:27am
Btw, just was posted today:

http://mechanicalforex.com/2016/03/r...1-million.html

In short summarized (but check the article to see how this chance is calculated mathematically):

"In this sense you are far better off waiting for a big enough jackpot in a lottery like this and betting all the money you wish to put into high risk trading rather than making these type of bets in the market. Of course the randomness in market returns fools many into believing that they have “skills” above randomness when performing this type of trading but in reality the New York lottery is a much better choice for this type of “trader”."
  • #1,060,303
  • Mar 5, 2016 3:53am Mar 5, 2016 3:53am
Quoting geektrader
{quote} Well believe you once you publish your account at MyFxBook, live and verified. Why not do that if you are so good? Everyone can see it then and know you are not lying
hahaha. lets put an end to it...i ll never want to be in the spot light. lets just say its a demo and i am lying about any strategy.

thanks for the article though
There is only one way to learn. It’s through action.
  • #1,060,304
  • Mar 5, 2016 5:16am Mar 5, 2016 5:16am
Quoting geektrader
{quote} And another wanna-be-millionaire-newbie which started trading in January this year. 3 questions: 1) If you are talking about this thread: http://www.forexfactory.com/showthread.php?t=444377 you have to do your math again with the 50$ to 1 million within 9 trades: 6) The Math T1 -Balance $100 - Risk $50 - Take Profit $100 T2 -Balance $200 - Risk $100 - Take Profit $200 T3 -Balance $400 - Risk $200 - Take Profit $400 T4 -Balance $800 - Risk $400 - Take Profit $800 T5 -Balance $1600 - Risk $800 - Take Profit $1600 T6 -Balance $3200...
I thought about this too. Just my opinion...
Lets say you lose a few trades according to this method your account is halved a few times too. Instead of 400 you now have 100. This may really mess you up when you have 400.000 for example. Everyone loses a few trades in a row now and then. So imagine you have a lot of money and lets say you lose 5 trades in a row.. What can you handle. It works both ways, you can get from 1M down to $50 in 9 days too.

Here some more numbers profit percentages and number of days to get from $50 to $1M:
300% - 9 days
100% - 16 days
50% - 27 days
25% - 46 days
10% - 105 days
5% - 204 days

You seem like a talented trader with your small account you may choose to take these risks, but perhaps choose to turn it down a bit when you have a respectable amount of money.
Imagine 25% profit a day, just risking 5% or so. you could have $1M in 2 months. I would suggest you do this instead. Having a few bad days would just set you back 10% which you can earn back on your third day. Having a bad week would set you back 25% which you can earn back in 1 day in a good week.

good luck.!
  • #1,060,305
  • Mar 5, 2016 5:53am Mar 5, 2016 5:53am
Quoting longshot_nl
{quote} I thought about this too. Just my opinion... Lets say you lose a few trades according to this method your account is halved a few times too. Instead of 400 you now have 100. This may really mess you up when you have 400.000 for example. Everyone loses a few trades in a row now and then. So imagine you have a lot of money and lets say you lose 5 trades in a row.. What can you handle. It works both ways, you can get from 1M down to $50 in 9 days too. Here some more numbers profit percentages and number of days to get from $50 to $1M: 300%...
i got you, this is what exactly i have in mind i want it step by step also. where i can take 10 successful trades a day i would take 5 only. i am coming back to $2 per pip the only reason i went high on size was to punch in the face of gamblers who tend to call me a gambler. next time they do it again i ll start punching with $20 per pip hehe
There is only one way to learn. It’s through action.
  • #1,060,306
  • Mar 5, 2016 6:10am Mar 5, 2016 6:10am
Quoting longshot_nl
{quote} I thought about this too. Just my opinion... Lets say you lose a few trades according to this method your account is halved a few times too. Instead of 400 you now have 100. This may really mess you up when you have 400.000 for example. Everyone loses a few trades in a row now and then. So imagine you have a lot of money and lets say you lose 5 trades in a row.. What can you handle. It works both ways, you can get from 1M down to $50 in 9 days too. Here some more numbers profit percentages and number of days to get from $50 to $1M: 300%...
Excellent post. Considered, well thought out and good advice!

Happy weekend all.
  • #1,060,307
  • Edited 7:32am Mar 5, 2016 6:26am | Edited 7:32am
Quoting geektrader
{quote} And another wanna-be-millionaire-newbie
My Loving Brohter, I will answer your points one by one. I hope you will like it. But make sure, you are setting on a chair of wood rather on packets of red chilies.

(1) You should review the thread and the math is already proved there. Neither i have time nor i am willing to waste time on teaching you the basic math. I hope you have spent a good enough time on the thread i mentioned. Neither I have any intentions to learn math from a failed trader who is trading from 2010 but still worst than a newbie.

(2) Your question that "Why you have not done that yet?". Brother for your kind information, I have not done it once............... but I am only 3 trades away from doing it thrice. So I don't want to be a millionaire, which i already am but i want to be "Billionaire". Yes , I want to be a Billionaire. Please broader your vision.

(3) This is really painful for me when somebody profile showing membership from 2010, BUT, he still not able to differentiate between Money management and Trading Strategy. What a shame . Brother, The thread is about Money Management not any trading strategy.

NOTE: Personally, I do not believe in any particular strategy. Trading is all about better money management. Good management can make a stupid plan into a successful one and Good plan into a failed one with bad money management.

(4) I have no concern with "Mahfoozah", He seems to be my country fellow. I wish him all sort of success and pray for it. Basically what wonders me is that "Why are you so worried about Mahfoozah money? It's his money, Please allow him the freedom to whatever way he want to utilize it.

(5) Why you are worried he raises his lot or not, what it costs you if he thinks of his formula is a success, who are you telling him to publish his trade explorer or not.
But i will not blame you my brother, These psychological problems happen when somebody not getting success in 6 years but a genius got it in limited time. So i can understand the pain of a failed trader.


And in the last, not the least. Perhaps you don't know me this is the why you spitting the shit that I am looking for other people's EA and strategy , I am not looking for any EA or strategy. I already know how to fuck the market and brokers. And for your information, I am by profession a programmer since 2006. Instead i have great demand for my Programmed EAs. You can find my EA's on link given below. Please, Please , Please don't ask me for my EAs. I do share it with decent people.


http://www.forexfactory.com/showthre...52#post8777452

In the same thread, I post my all entries. I post in advance as soon as i take the trade rather posting after hitting the TP.

And please don't wonder with Mahfoozah results, If i share my results then it will be difficult for you to set in peacefully. This is the why i suggested to you in the begining to assure that you are setting on a wood chair.
Forex; the game of movements not the game of candles.
  • #1,060,308
  • Mar 5, 2016 6:28am Mar 5, 2016 6:28am
Quoting mahfoozah
{quote} i got you, this is what exactly i have in mind i want it step by step also. where i can take 10 successful trades a day i would take 5 only. i am coming back to $2 per pip the only reason i went high on size was to punch in the face of gamblers who tend to call me a gambler. next time they do it again i ll start punching with $20 per pip hehe
IMHO: Don't let others interfere with your trading. Ignore those who put you down, they are not important. The number in for account is important, your trades are important, be objective and focus on the important stuff.
  • #1,060,309
  • Mar 5, 2016 6:40am Mar 5, 2016 6:40am
Quoting longshot_nl
{quote} I thought about this too. Just my opinion... Lets say you lose a few trades according to this method your account is halved a few times too. Instead of 400 you now have 100. This may really mess you up when you have 400.000 for example. Everyone loses a few trades in a row now and then. So imagine you have a lot of money and lets say you lose 5 trades in a row.. What can you handle. It works both ways, you can get from 1M down to $50 in 9 days too. Here some more numbers profit percentages and number of days to get from $50 to $1M: 300%...
The 5% and 10% growth per day option is excellent. and very doable.
Forex; the game of movements not the game of candles.
  • #1,060,310
  • Mar 5, 2016 7:17am Mar 5, 2016 7:17am
Quoting longshot_nl
{quote} IMHO: Don't let others interfere with your trading. Ignore those who put you down, they are not important. The number in for account is important, your trades are important, be objective and focus on the important stuff.
thanks a lot Sir really you are making a lot of sense. I will make sure to focus from Monday.... i am damn sure i can do it even with $20 per pip with same account but i would not do that ever again.... i ll be careful and away from FF as much as i can.
There is only one way to learn. It’s through action.
  • #1,060,311
  • Mar 5, 2016 7:28am Mar 5, 2016 7:28am
Quoting sajidkust
{quote} The 5% and 10% growth per day option is excellent. and very doable.
i just realized you have put a lot of hard work with your EAs. thank you for your ideas bro.
There is only one way to learn. It’s through action.
  • #1,060,312
  • Mar 5, 2016 7:35am Mar 5, 2016 7:35am
NFP > forecasted
This is bullish for USD so indicates that the EU may go down..
IMHO: This makes the target at 1.1069 in this post a good turning point.

http://www.forexfactory.com/showthre...73#post8792573
  • #1,060,313
  • Mar 5, 2016 7:38am Mar 5, 2016 7:38am
Quoting longshot_nl
my next point of interest. target is yellow or white line, we'll see. {image}
excellent, charts dn lie...
There is only one way to learn. It’s through action.
  • #1,060,314
  • Mar 5, 2016 8:01am Mar 5, 2016 8:01am
Quoting mahfoozah
{quote} excellent, charts dn lie...
ty, this is my weekly view.
price is in blue square. on the white lines are the orders to keep price inside.
The price does not have to break down at all. Price may be in this area for weeks.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDWeekly.png Size: 37 KB
  • #1,060,315
  • Mar 5, 2016 8:11am Mar 5, 2016 8:11am
Quoting longshot_nl
{quote} ty, this is my weekly view. price is in blue square. on the white lines are the orders to keep price inside. The price does not have to break down at all. Price may be in this area for weeks. {image}
wow. that seems highly disciplined... i am observing lets see.
There is only one way to learn. It’s through action.
  • #1,060,316
  • Mar 5, 2016 3:20pm Mar 5, 2016 3:20pm
I expect E/U to turn down next week, it hit its 200 daily sma, and backed off significantly, it also broke down through its uptrend line last friday, which is also bearish.
The Trend Is Your Friend
  • #1,060,317
  • Mar 5, 2016 3:30pm Mar 5, 2016 3:30pm
Hello! I believe that this provision can be regarded as a schedule pattern "spike". And according to my assumptions, the next week will move down as a correction after the momentum up. Just wave analysis shows that the current price is at point "A", we expect a correction B up to 1.10100, and then the price will go down towards the 38.2 Fib level
Attached Image (click to enlarge)
Click to Enlarge Name: Eur usd 05.03.2016.png Size: 39 KB
  • #1,060,318
  • Mar 5, 2016 7:06pm Mar 5, 2016 7:06pm
Quoting DenForex
Hello! I believe that this provision can be regarded as a schedule pattern "spike". And according to my assumptions, the next week will move down as a correction after the momentum up. Just wave analysis shows that the current price is at point "A", we expect a correction B up to 1.10100, and then the price will go down towards the 38.2 Fib level {image}
Possibly. Then the crazyness around ECB......
Here's a question - why is your Fibo backwards? Bonus question - if there's extension up, as the big wave suggests, are you drawing another fibo, or are you smart enough to show it all with ONE ??
Beware of robber banks (RB), bad advisors.
  • #1,060,319
  • Mar 5, 2016 7:42pm Mar 5, 2016 7:42pm
Does anyone else see a possible double top pattern on the daily (D1)?

I just have this overwhelming feeling....
  • #1,060,320
  • Mar 5, 2016 8:12pm Mar 5, 2016 8:12pm
My analysis on this pair:
Quoting Pip-Miner
This is my contribution to trades for the week. Any discussions or other trade setups ready to go welcome. EURUSD: spike caused by us news bounced of the 38 fib retracement, just below the 100 day moving average. Since then a long bearish wick was formed and price has started the retracement. Short opportunity ideally in the blue area or before price retraces further down targeting 0 fib retracement. {image}
EDIT: added the 200 ma ( blue line) , monthly pivot level.
STRATEGY: An initial small short position will be taken on Monday around the levels specified, depending on how price plays ( 1020 - 1068) and a second if price decides to go to the 50 fib retracement (1.11).
Attached Image
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