My Daily Coffee Money | Forex Factory

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My Daily Coffee Money

  • #1
  • First Post: Edited Dec 31, 2020 5:00pm Mar 18, 2016 6:15am | Edited Dec 31, 2020 5:00pm
My Background:
ex-Citibank trading floor dealer (i got replaced by Algos after the flash crash of 2010)
married a lovely lady and we are expecting our lil bundle of joy in June.

Purpose of this Journal:
To show that consistent profits are possible. NOT to show trade signals
To earn my daily coffee monies and my baby's college fund. NOT to buy a house/car/yacht/plane/satisfy any frivolous materialistic needs

Trading Methodology:
Manual Entries based on market volatility
No Indicators
No target stop loss
No target take profit, most of the time
No leverage

Basically just relying on everything i learnt as a banker.


Regards.
Daniel aka Bicarus
__________________________________________________

To Read before posting on this thread:
Thou this thread is mostly for me to look back upon, i would really appreciate it if comments were kept professional, if any.
And if anyone is thinking of asking for trade explorer to be uploaded, i will tell you now up-front that i will not for specific reasons.
- i will only upload screenshot of closed trades at end of NY session daily
- i will only upload previous monthly statement on 1st working day of the month
  • #2
  • Edited 7:32pm Mar 18, 2016 6:23am | Edited 7:32pm
Daniel,

Looking forward to reading your journal...and congrats on the upcoming arrival of your bundle of joy! Babies grow up way too fast....

Best,

Dave
  • #3
  • Mar 19, 2016 11:09am Mar 19, 2016 11:09am
sounds great, would like to read idea behind the trades as well.
NO STOP LOSS TRADER
  • #4
  • Mar 23, 2016 9:19am Mar 23, 2016 9:19am
230316: (+)162.00~
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  • #5
  • Mar 24, 2016 12:41pm Mar 24, 2016 12:41pm
240316: (+)164.00~
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  • #6
  • Mar 25, 2016 3:58am Mar 25, 2016 3:58am
Quote
My Background:
ex-Citibank trading floor dealer

I doubt this, I dont think any such Citibank trading floor dealer will trade peanuts (even for fun) and on top show off measly scalping results on trading forum.

but any ways carry on. lets see how it pans out, I hope you will not end up in commercial section selling some bullshiit EA.
NO STOP LOSS TRADER
  • #7
  • Edited 11:55am Mar 25, 2016 11:20am | Edited 11:55am
Quoting Goldmines1
{quote} I doubt this, I dont think any such Citibank trading floor dealer will trade peanuts (even for fun) and on top show off measly scalping results on trading forum. but any ways carry on. lets see how it pans out, I hope you will not end up in commercial section selling some bullshiit EA.
clearly you do not understand how trading floor dealers operate.
aside from that, why i am trading peanuts is because as stated there is no leverage..
and no, i do not plan to sell any EA. if i were, i wouldnt be on FF, instead on myfxbook or darwinex.. this thread is merely for me to look back upon and show that consistent profits are attainable, refer to post #1

regards
Daniel aka Bicarus
  • #8
  • Mar 28, 2016 8:26am Mar 28, 2016 8:26am
Hey Bicarus.

Solid results you've showed us so far, thanks for sharing. From your results, I can see that you are scalping. Can you give us some insight into what you are looking for in a trade? By this, I don't mean sharing your system or anything like that, just curious how you operate. Any info would be highly appreciated.

Looking forward to more posts and hopefully to learn something from you.
  • #9
  • Mar 29, 2016 2:51am Mar 29, 2016 2:51am
Quoting PiptheRipper
Hey Bicarus. Solid results you've showed us so far, thanks for sharing. From your results, I can see that you are scalping. Can you give us some insight into what you are looking for in a trade? By this, I don't mean sharing your system or anything like that, just curious how you operate. Any info would be highly appreciated. Looking forward to more posts and hopefully to learn something from you.
Hi,
thanks for your words of encouragement. Yes i scalp. But there is no set of systems/procedures/checklist. Only thing which i am cross-referencing are Volitility Indices (stock market's and currency's)
  • #10
  • Mar 29, 2016 4:29am Mar 29, 2016 4:29am
290316: (+)183.00~
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  • #11
  • Mar 29, 2016 12:03pm Mar 29, 2016 12:03pm
really like what you do.
  • #12
  • Mar 31, 2016 4:45am Mar 31, 2016 4:45am
300316 & 310316: (+)155.00~
issue with one of pp's api price feed, thus execution only on 6 instead of usual 7 accounts
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  • #13
  • Mar 31, 2016 6:14am Mar 31, 2016 6:14am
Hey Bicarus.

What is the reason for trading on 7 accounts? Is it a "Don't put all your eggs in one basket thing?" In that case I believe you executed the same trades, just on different accounts?
  • #14
  • Mar 31, 2016 6:23am Mar 31, 2016 6:23am
Quoting PiptheRipper
Hey Bicarus. What is the reason for trading on 7 accounts? Is it a "Don't put all your eggs in one basket thing?" In that case I believe you executed the same trades, just on different accounts?
nope, executed at different timing. generally. different brokers use different providers and charge different spread. so quotes differ. despite the discrepancy being a micron of a pip, goes a long way when scalping wherein getting in and out at the best possible pricing counts
  • #15
  • Mar 31, 2016 6:51am Mar 31, 2016 6:51am
Quoting Bicarus
{quote} nope, executed at different timing. generally. different brokers use different providers and charge different spread. so quotes differ. despite the discrepancy being a micron of a pip, goes a long way when scalping wherein getting in and out at the best possible pricing counts
Alright I see. Interesting. Thanks.

Your consistancy amazes me. It also seems that you aim for a specific $ amount everyday. Is that your mindset most of the time, make your goal and then stop trading for the day?
  • #16
  • Apr 1, 2016 7:54am Apr 1, 2016 7:54am
010416: (+)291.00~
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  • #17
  • Apr 1, 2016 7:56am Apr 1, 2016 7:56am
Quoting PiptheRipper
{quote} Alright I see. Interesting. Thanks. Your consistancy amazes me. It also seems that you aim for a specific $ amount everyday. Is that your mindset most of the time, make your goal and then stop trading for the day?
nothing really specific, as long as it covers my daily coffee money and some extra to set aside for my baby's college.
  • #18
  • Apr 2, 2016 10:43am Apr 2, 2016 10:43am
any hint on how you trade ?
as your result is promising
  • #19
  • Apr 5, 2016 7:56am Apr 5, 2016 7:56am
050416: (+)280.00~
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  • #20
  • Apr 6, 2016 12:20am Apr 6, 2016 12:20am
Quoting fortunecooki
99% win rate? really?
if you know what you are doing, why not?
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