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PlatinumFx Consulting

  • #1
  • First Post: Apr 2, 2016 1:05am Apr 2, 2016 1:05am
Hi Guys and Girls,


I'm Fxsnakes or PlatinumFX Consulting, Just thought I would start this thread as I have been receiving a lot of emails about my trading system. It may be easier than replying to each email.

If you have questions please post to this thread.

I will endeavor to provide answers to your questions on here and help as best I can.

Happy trading.
  • #2
  • Apr 2, 2016 6:58am Apr 2, 2016 6:58am
can you describe your strategy?
  • #3
  • Apr 2, 2016 11:22am Apr 2, 2016 11:22am
Hi,

Looking forward to see learnfull things.
Good luck Fxsnakes with your new thread
  • #4
  • Edited 9:58pm Apr 2, 2016 5:22pm | Edited 9:58pm
Never traded gold before .
Would like to learn more about it
Focusing on a pair is good!
  • #5
  • Apr 6, 2016 11:28pm Apr 6, 2016 11:28pm
Quoting fxsnakes
Hi Guys and Girls, I'm Fxsnakes or PlatinumFX Consulting, Just thought I would start this thread as I have been receiving a lot of emails about my trading system. It may be easier than replying to each email. If you have questions please post to this thread. I will endeavor to provide answers to your questions on here and help as best I can. Happy trading.
Congratulations on your thread... Hope to be enlightened by your golden knowledge
Silence your Ego & Your Power will Rise
  • #6
  • Apr 7, 2016 1:33am Apr 7, 2016 1:33am
Why only Gold?

1- Price action. Better than anything else

2-Mater one or jack of all trade. When the market moves everything moves. Just forces on one.

3- Spread. Gold does not have the massive spreads when there is news. Trust, me the amount I have lost due to brokers blowing out spreads on currencies during news.
  • #7
  • Apr 7, 2016 1:54am Apr 7, 2016 1:54am
Quoting fxsnakes
Why only Gold? 1- Price action. Better than anything else 2-Mater one or jack of all trade. When the market moves everything moves. Just forces on one. 3- Spread. Gold does not have the massive spreads when there is news. Trust, me the amount I have lost due to brokers blowing out spreads on currencies during news.

Lets get it on !
  • #8
  • Apr 7, 2016 6:52am Apr 7, 2016 6:52am
Quoting fxsnakes
Why only Gold? 1- Price action. Better than anything else 2-Mater one or jack of all trade. When the market moves everything moves. Just forces on one. 3- Spread. Gold does not have the massive spreads when there is news. Trust, me the amount I have lost due to brokers blowing out spreads on currencies during news.
Makes a lot of sense. Do you not trade currencies at all?

When do you sense a trading opportunity?

Cheers
Silence your Ego & Your Power will Rise
  • #9
  • Apr 7, 2016 9:21am Apr 7, 2016 9:21am
This coin flip errrrm I mean strategy smells like Martingale without even looking at it. Hope you stop short of scamming noobs off their paypal $10 savings.
Best regards, Zef
  • #10
  • Apr 7, 2016 9:23am Apr 7, 2016 9:23am
Whats the strategy that you use?
When the going gets tough , the tough get going
  • #11
  • Apr 8, 2016 2:55am Apr 8, 2016 2:55am
Hi Guys and Girls,

First up, I will not be sharing the in's and out's of my system. I have personal reasons for this and at the end of the day my system is my system, that works for me and unless you are my long lost twin it will probably not work for you.

I am a minimalists who likes straight lines on my charts and if you are a more organic trader that likes moving averages etc..., then my system will not work for you.

I will however be more that happy to share with you how I trade. I can share how I keep the 2 holes in my wall next to the computer there as a reminder on how trading is all in your head.

I can tell you that after 12 years of trading I do not have a coin flipping strategy or a Martingale strategy (they don't work).

I can show you a hundred trading systems that work a few are even here on FF. But I can tell you that the best trading is the system that you come up with after you have put the countless hours into back testing and demo trading.

Best wishes,
FXsnakes.
  • #12
  • Jun 10, 2016 2:14am Jun 10, 2016 2:14am
Good stuff ... anything else you would like to add ?? Do you just use technicals or a bit of news as well ? Whats your preferred timeframe ?
One thing that i would like to ask you specially is that ive seen most successful traders here use averaging in or out. They never open their full position at one price.. i can understand it could be emotionally pleasant (may be) buy how is this technically or mathematically the right thing to do ?

Awesome performance !!

Cheers
  • #13
  • Jun 19, 2016 9:38am Jun 19, 2016 9:38am
Hi anothermorta, to answer your questions-



Do you just use technical's or a bit of news as well-

I just use technical's, its' a probability thing, you can quantify technical's.

What's your preferred timeframe ?-
I use 1min time frame to pin point entry then zoom out. By that I mean, I stay on the 1min chart all the time and zoom in on the chart to enter a trade, then zoom out on the same 1min chart to manage the trade. Focuses on one candle of entry then zoom out.

As for the last question about scaling in/and out of a trade, this comes down to your own trading style. I enter all in on a trade because I know what my probabilities are and what my money management is. There is no right or wrong answer to this, it all comes down what you are comfortable with, if you can handle the drawdown and wait for the trade to play out then go all in. If you want to scale in and out then do what is best for you. Remember this game is a marathon not a sprint, you can't go broke making a small profit each day.
  • #14
  • Last Post: Sep 18, 2016 10:34am Sep 18, 2016 10:34am
Quoting fxsnakes
There is no right or wrong answer to this, it all comes down what you are comfortable with
very well said indeed !!

I do also have a very technical and linear approach in my style .. and I even dot the same about zooming out (but slightly different)
I have always a larger timeframe next to it open on the same screen .. if I trade on M3 I have the M30 open next to it .
using that to move my TP to a position with more strategic value.

using this a 1:10 trade comes by at serval places .. as the stop loss can be VERY tight .. and with a small loss, value comes a Large lot size.

I personally not really care about traveling pips, I don't have to proof anything to anyone .. so what matters is the $$ in the pocket at the end of the month

i'm not that good yet but think your trading style (regardless of its success) would certainly give some great educational value
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