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  • #1,065,901
  • May 3, 2016 3:41pm May 3, 2016 3:41pm
Quoting ohyeah
{quote} To answer your question, I'm still demo trading but I roughly net positive about 100 pips a day. I'm profitable but I haven't started trading live yet, I think mostly because I've been trading demo for so long. I'm going to go live probably next month for sure. I just created a forum account and I think after hanging around the forum and seeing other people trade, I'm going to definitely want to trade live very soon too.
roughly 100 per day? put 100 quid in and you will be millionaire before you know it!. if you do make 100 per day on average you are the best trader I know of
  • #1,065,902
  • May 3, 2016 3:45pm May 3, 2016 3:45pm
Quoting Don96
{quote} Holy shit, whats your strategy ? and % return?
The strategy I use is Bob Volman price action and Al Brooks. Look them up. I am using more of Volman strategy because I am still studying and reading Al Brooks price action style. Brooks is much harder to understand but getting there. If you want to be very successful at price action look these two up. You have to put a lot of time into it but once you get it, you will have a lot of profitable trades and very few losses. You will never look at the market the way you use to again when you study the strategy of these two great traders. Also remember to always put stop loss/take profit.

It depends month to month. But 90% win 10% loss on the best months. The worst months for me is 70% wins and 30% loss. I'm in profit at the end of each month that is what matters. What about you?
  • #1,065,903
  • May 3, 2016 3:46pm May 3, 2016 3:46pm
Quoting Don96
{quote} roughly 100 per day? put 100 quid in and you will be millionaire before you know it!. if you do make 100 per day on average you are the best trader I know of
​I mean 100 per week is good..., £ per pip, that's 100 quid a week and 400 a month tax free just to start, (correct account size etc) and then compound and bam, your looking at nice investments to your broker account
  • #1,065,904
  • May 3, 2016 3:48pm May 3, 2016 3:48pm
Quoting Techanalyst
{quote} The strategy I use is Bob Volman price action and Al Brooks. Look them up. I am using more of Volman strategy because I am still studying and reading Al Brooks price action style. Brooks is much harder to understand but getting there. If you want to be very successful at price action look these two up. You have to put a lot of time into it but once you get it, you will have a lot of profitable trades and very few losses. You will never look at the market the way you use to again when you study the strategy of these two great traders. Also...
100 trades per month for example, and your worst month is 70 winner... 30 losers, 40 net winners, 0.5 % per trade and your 20% a month

okay so heres next question, how long have you had those stats for?
  • #1,065,905
  • May 3, 2016 3:49pm May 3, 2016 3:49pm
Quoting ohyeah
{quote} To answer your question, I'm still demo trading but I roughly net positive about 100 pips a day. I'm profitable but I haven't started trading live yet, I think mostly because I've been trading demo for so long. I'm going to go live probably next month for sure. I just created a forum account and I think after hanging around the forum and seeing other people trade, I'm going to definitely want to trade live very soon too.
I see. Are you intraday trader or longer term. Do you close your trades the same day or you leave them open for longer? Good job and all the best to you and your success in trading. Just be careful and make sure you always place stop loss/take profit when you go live trading. Remember psychologically it is not the same trading demo and live account. So if your strategy works apply it to live trading but remember always put stop loss/take profit levels. You will do great don't worry.
  • #1,065,906
  • May 3, 2016 3:56pm May 3, 2016 3:56pm
Quoting Techanalyst
{quote} I see. Are you intraday trader or longer term. Do you close your trades the same day or you leave them open for longer? Good job and all the best to you and your success in trading. Just be careful and make sure you always place stop loss/take profit when you go live trading. Remember psychologically it is not the same trading demo and live account. So if your strategy works apply it to live trading but remember always put stop loss/take profit levels. You will do great don't worry.
Oh yeah, I definitely use a stop loss especially since there's so much high-impact news. That's OK, I know I can at least have some peace with the market on Sunday (local time zone) when the market first opens. I'm pretty damn sure from history that each week, I can bank 100 net pips at the beginning of the week (before) any damn news comes out but I would like to continue trading past that first day but it does result in some stops being hit. I have an initial stop and I adjust the take profit as I go.
  • #1,065,907
  • May 3, 2016 3:58pm May 3, 2016 3:58pm
Quoting Techanalyst
I see. Are you intraday trader or longer term. Do you close your trades the same day or you leave them open for longer? Good job and all the best to you and your success in trading. Just be careful and make sure you always place stop loss/take profit when you go live trading. Remember psychologically it is not the same trading demo and live account. So if your strategy works apply it to live trading but remember always put stop loss/take profit levels. You will do great don't worry.
I just realized I didn't even answer your questions. I trade only the 15 minute time frame and I close the trades either intraday or close them 1, 2, or 3 days later depending on how long the trend lasts. The trends seem to last between 1 to 3 days on my end.

In short, there are losses and wins intraday and some winners are more than intraday (1 to 3 days).
  • #1,065,908
  • May 3, 2016 3:59pm May 3, 2016 3:59pm
Quoting Don96
{quote} 100 trades per month for example, and your worst month is 70 winner... 30 losers, 40 net winners, 0.5 % per trade and your 20% a month okay so heres next question, how long have you had those stats for?
I trade 5 days a week. Monday to friday so that is 20 days all together in a month. Out of 5 days I usually have 4 wins and one loss. I trade only once a day, one lot, waiting for the best set up and I take it buy/sell. The worst for me is three days winners and two days losers. I have been trading for 7 years. The Bob Volman strategy and Al Brooks strategy I started about 2 years ago their strategy. I am still learning Al Brooks strategy but very close to finish. Brooks style is very hard to understand but if you apply a lot of time and effort you will get it. For now I use Bob Volman strategy a lot. So to answer your question about stats, I had these stats for two years now. You don't have to believe me, I am here to share my strategy. You can believe it or not, I do not care. I am not a professor, I am not on here to teach anyone and I am not here to prove something to anyone. You can believe me or don't believe me, you can call me a liar or not. It will not affect my success in trading at all. I am happy with my strategy and my forex career work and would not change it for anything.
  • #1,065,909
  • May 3, 2016 4:03pm May 3, 2016 4:03pm
Quoting Don96
roughly 100 per day? put 100 quid in and you will be millionaire before you know it!. if you do make 100 per day on average you are the best trader I know of
I highly doubt I'm the only one you know of. In fact, I'm certain I'm not the only one netting positive pips each day. My guess is, other people have better things to do than try to be social on a forum. Being active on the forum is something I've never done but I definitely like it. It's giving me confidence already knowing that all you guys are trading too.

As for making lots of money, I don't do any compounding or anything. I just do $1 a pip. This way, if there's crazy news and my stop doesn't work to actually stop (because who knows how stop losses work in live trading around news), then I won't be completely screwed. This is why I'd rather trade with just 0.10 lots
  • #1,065,910
  • May 3, 2016 4:05pm May 3, 2016 4:05pm
Quoting ohyeah
{quote} I highly doubt I'm the only one you know of. In fact, I'm certain I'm not the only one netting positive pips each day. My guess is, other people have better things to do than try to be social on a forum. Being active on the forum is something I've never done but I definitely like it. It's giving me confidence already knowing that all you guys are trading too. As for making lots of money, I don't do any compounding or anything. I just do $1 a pip. This way, if there's crazy news and my stop doesn't work to actually stop (because who knows...
I know that Al Brooks trades scalping with his strategy for days and don't have losers at all. Sometimes he does, but usually when he is scalping during day he has no losses at all.
  • #1,065,911
  • May 3, 2016 4:09pm May 3, 2016 4:09pm
Quoting Techanalyst
I know that Al Brooks trades scalping with his strategy for days and don't have losers at all. Sometimes he does, but usually when he is scalping during day he has no losses at all.
Which pairs do you trade and what time frames? If it matches mine, I'll try to keep an eye on your trades. I might learn a few things...
  • #1,065,912
  • May 3, 2016 4:18pm May 3, 2016 4:18pm
Im not a technical analyst but this can be a possible support:
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Old ways dont open new doors
  • #1,065,913
  • Edited 5:21pm May 3, 2016 5:07pm | Edited 5:21pm
Well it took a while until I had a fitting count with all the intern ratios at a correct level...after the for me unexpected moves. Those moves explained things for me, suddenly they fitted nicely as a puzzle in it's place. okeoke...the market has the final word ofcourse

Here my new view for the moment:
For now I see a stalling area in the wave iv. we are at the wave a of wave iv and it looks if we saw the wave b...anyway I think it's an expanded flat. It's now night, the daily pivot is above us and the HEW RSI is making an overbought impression. So yes it could an expanded flat. I anticipated on this thing..

The wave down (wave c of wave v) have possible stalling ratios around 1,1418 or 1,1337 or 1,1296 (is not valid i think because of the weekly pivot which is between) the other depends on the move down in wave c. So we must close looking this wave. If we see wave i and ii it is much clearer where we can stall.
We also had a gravestone doji what could mean a turnaround. that justified also a down-move

ps. again all these values are fr tomorrow pivot levels....funny, that can't be an accident anymore (!)

Good luck with the coming session!
Attached Image (click to enlarge)
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You can manage risk, but you can't manage the return
  • #1,065,914
  • May 3, 2016 5:37pm May 3, 2016 5:37pm
Quoting Techanalyst
{quote} I trade 5 days a week. Monday to friday so that is 20 days all together in a month. Out of 5 days I usually have 4 wins and one loss. I trade only once a day, one lot, waiting for the best set up and I take it buy/sell. The worst for me is three days winners and two days losers. I have been trading for 7 years. The Bob Volman strategy and Al Brooks strategy I started about 2 years ago their strategy. I am still learning Al Brooks strategy but very close to finish. Brooks style is very hard to understand but if you apply a lot of time and...
So you do 12 % a month ? Approx?
  • #1,065,915
  • May 3, 2016 5:38pm May 3, 2016 5:38pm
Quoting ohyeah
{quote} I highly doubt I'm the only one you know of. In fact, I'm certain I'm not the only one netting positive pips each day. My guess is, other people have better things to do than try to be social on a forum. Being active on the forum is something I've never done but I definitely like it. It's giving me confidence already knowing that all you guys are trading too. As for making lots of money, I don't do any compounding or anything. I just do $1 a pip. This way, if there's crazy news and my stop doesn't work to actually stop (because who knows...
So you make 500 dollars a week consistently? 500 pips a week and 2000 a month?
  • #1,065,916
  • May 3, 2016 5:44pm May 3, 2016 5:44pm
Quoting Don96
{quote} So you do 12 % a month ? Approx?
by all means I'm not saying you don't... so don't take it wrongly, just that this forum site gets sooo many people that say they need to make "250% a month to make it worth their time" that goes for the guy below as well... don't take it personally either.
  • #1,065,917
  • May 3, 2016 6:02pm May 3, 2016 6:02pm
Quoting Don96
{quote} So you make 500 dollars a week consistently? 500 pips a week and 2000 a month?
Don96, just look at my screenshots and you'll see the lot size, number of pips in profit, and where my stop is. If you want, just open a demo and follow my entries. I'll try to post them before they trigger. Then, you can judge or estimate better how many pips that amounts to.
  • #1,065,918
  • May 3, 2016 6:05pm May 3, 2016 6:05pm
wow. EURUSD has been bought up heavily after London open. Looks like it wants to go to 1.18+.
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #1,065,919
  • May 3, 2016 6:08pm May 3, 2016 6:08pm
Quoting rahulkghosh
wow. EURUSD has been bought up heavily after London open. Looks like it wants to go to 1.18+.
rahulkghosh, I'm still selling which at the moment is 30 pips in profit.
Attached Image (click to enlarge)
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  • #1,065,920
  • May 3, 2016 6:24pm May 3, 2016 6:24pm
Quoting ohyeah
{quote} rahulkghosh, I'm still selling which at the moment is 30 pips in profit. {image}
I've been long for weeks...
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
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