Multiplying 140x the balance of a live account in 30 hours | Page 20 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Dukascopy Live Account - Don't Post if you haven't traded live with them! 117 replies

My Live Trades on my Live Account 588 replies

3 week demo account leading up to live account. 20 replies

Trade 2 live accounts - one with full balance, 2nd as a live test? 0 replies

Demo account versus live account. 19 replies

Attachments: Multiplying 140x the balance of a live account in 30 hours
Exit Attachments

Multiplying 140x the balance of a live account in 30 hours

  • #381
  • Apr 28, 2016 11:45pm Apr 28, 2016 11:45pm
Quoting duy90
How i traded =) Maybe I was lucky but look its possible with 6 pip SL xD I had it as pending order and tp at 100 pips and didnt touch computer cuz was busy painting new house we are going to move in {image}
just for the game, consider the news hit and the market moves to the other side, the same force, but you have your pending order in with 6 pips SL (say 2% risk, very conventional here).
the first move was an almost instant 310 pips on my chart, where I am sure your favorite broker would be happy to fill your pending order's SL at -300 pips...only a mere 50x your SL ( or -100% if you risk 2% per trade)
but wouldn't need to worry a sec, there wont be much a chance theoretically, cos your account will be in margin call actually before the SL can be even filled by the broker.

in my opinion it is no place of pending orders before high impact news, as SL got skipped and slipped at the brokers mercy, where TP might magically filled with lot less positive slippage.
in an ideal world straddle the narrow channel before news would be a great strategy, in reality, it more of a winner for broker than traders, as playing field heavily tilted that way.
there is always, always another trade!!
  • #382
  • Apr 29, 2016 6:13am Apr 29, 2016 6:13am
Quoting duy90
Mark demands/Supplies and trade off 1Min chart Ofcourse its easier said than done when looking back in time and know the results already xDD {image}
I would record the "Mark demands/Supplies"
I would record the "trade off 1Min chart"

Quoting Piparins
Breakout of TL retest of support. {image}
I would record the "Breakout of TL"
I would record the "retest of support"/resistance
These are 2 entry points that are very precise to the pip

Quoting ptejerina
1. Be aware of the FOMC statement and press conference starting time. 2. There is a range formed before the statement with support on 1.1017 and resistance on 1.1125 3. Go to the 1 minute chart and wait for the break of support or resistance after the statement has been announced. If there is no change on the fund rate, it shouldn't move a lot, so I would wait until the press conference starts. If the fund rate does change, I would start trading right away. {image}
Quoting ptejerina
4. On the M1 time frame, just after the statement is announced, there is a break of support and a pullback to that same level, that now acts as resistance. From what I said in the last post, I'm not sure I should take a trade, but with some kind of trigger maybe I could profit from a quick short... {image}
I would record the "Be aware of the" news and CB statements
I would record the "M1 time frame"
I would record the " break of support or resistance"

Quoting ptejerina
5. After the first breakout, there was a new support formed at 1.1060. During the next 2 hours, there was range that formed in between 1.1060 and 1.1017... If I was in that situation at that time, would I trade all the rebounds? {image}
I would record the "range" and "rebounds"

Quoting ptejerina
6. When the pair starts moving fast, I can start drawing new support and resistance lines, hoping that price breaks them and then i would trade pullbacks to those levels. However I dont see that many opportunities to trade in this chart this way. Is the M1 chart to big por Haniam's trading style? {image}
I would record the "drawing new support and resistance"

P.S. The M1 is for closer view and entries.
I start by higher time frames D1 down to M1.
All depends on how much each TF can give possible entries.

Quoting ptejerina
{quote} And anyway, I was just posting something with the advantage of hindsight of only one event proposed by Haniam. In real time it would be extremely difficult to trade it. I know where some interesting zones for trading appeared in the form of support and resistance...
Yes it is extremely difficult to trade.
You need excellent mental, material and market conditions.

Quoting ptejerina
{quote} ...but where would the exact entries be taken? what would be the trigger? with what stops? what take profits?
Coming in next illustrations

Quoting profitfarmer
{quote}... in my opinion it is no place of pending orders before high impact news, as SL got skipped and slipped at the brokers mercy, where TP might magically filled with lot less positive slippage. in an ideal world straddle the narrow channel before news would be a great strategy, in reality, it more of a winner for broker than traders, as playing field heavily tilted that way.
Straddle in high impact news could only work with market makers that guaranties execution with no slippage.
Generally they have higher spread and it is fixed.
All my entries are manual market entries. no pending orders.

Thank you ptejerina for your effort and time. It allows us to go further in the development of the trades.

I still need 2 other volunteers to do similar input in order to finalize the system illustration and explanation.
  • #383
  • Apr 30, 2016 10:33pm Apr 30, 2016 10:33pm
Its hard to believe the title of this thread but I know its possible.
  • #384
  • May 1, 2016 9:21pm May 1, 2016 9:21pm
Well haniam
.. I think this guys said everithing left that was in my mind but the difference is that they know how to explain it.
  • #385
  • May 1, 2016 11:27pm May 1, 2016 11:27pm
true Chiche
  • #386
  • May 2, 2016 8:43am May 2, 2016 8:43am
Hey haniam, can you recomend any book that help you in you trading life? I'm starting to read more, I think knowledge is the key in life. I know I should start with a english course book because my main lenguage is spanish, but I can read very good.
  • #387
  • May 8, 2016 11:01pm May 8, 2016 11:01pm
Ok... 2 other volunteers.... we need 2 more.
  • #388
  • May 9, 2016 1:26am May 9, 2016 1:26am
with the current progress speed of the thread there wont be much interest...
with no interest, the thread wont go ahead...

so, it is up really to OP that ignite some interest, or let this go to the dump.
since over a week it was not a single meaningful post here, odds are the second choice will win.
there is always, always another trade!!
  • #389
  • May 9, 2016 8:38am May 9, 2016 8:38am
Quoting profitfarmer
with the current progress speed of the thread there wont be much interest... with no interest, the thread wont go ahead... so, it is up really to OP that ignite some interest, or let this go to the dump. since over a week it was not a single meaningful post here, odds are the second choice will win.
hanim dont have anything to ignite.if he had one .he ignite long time ago
  • #390
  • May 10, 2016 5:08am May 10, 2016 5:08am
Haniam, would appreciate your thoughts on my two trades i took this morning. Are those in rules wit your system?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1510.png Size: 70 KB
  • #391
  • May 12, 2016 3:55am May 12, 2016 3:55am
Quoting profitfarmer
with the current progress speed of the thread there wont be much interest... with no interest, the thread wont go ahead... so, it is up really to OP that ignite some interest, or let this go to the dump. since over a week it was not a single meaningful post here, odds are the second choice will win.
Quoting wealthpro
{quote} hanim dont have anything to ignite.if he had one .he ignite long time ago
Progress speed of the spread depends on FF members following it.
The goal of the journal was to share trades I had the opportunity to do during and after march exceptional event.
I already shared the main points of the strategy and system followed to do the trades.
Many showed their interest in knowing more. I expect however at least they would give a bit of themselves and their time.
We are in the illustration phase of the system with some practical exercise.
So the more they are interested in going further by being interactive, the more it will go on.

You are welcome to give the example as ptejerina and Piparins did.

Quoting chiche
Well haniam .. I think this guys said everithing left that was in my mind but the difference is that they know how to explain it.
Chiche, the best way to know how to is to try. There is no right and wrong answer.

Quoting Piparins
Haniam, would appreciate your thoughts on my two trades i took this morning. Are those in rules wit your system? {image}
Thank you Piparins for your valuable input.
It seems you are carefully following the main posts of this thread.

Yes those are in rules with the strategy as a whole and are from the basics of this system.
However you are filtering the entries by only taking few of the possible trades the graph is offering, choosing the ones with the highest probability of win.

So you only took 2 excellent entries going with the trend. You had very high probability of win. 20 pips is excellent. If you continue this consistently everyday with strict money management rules you will see your account growing up quickly.

This system when used in aggressive scalping would even take 20+ times more trades in the same period of time.
At high impact news time, these entries could even be 100+ more, every minutes giving the opportunity to go in and out of a trade several times, often with the same setup.

Here is how my graph (GMT+3) would look like if trading this.
Entries and exits becomes visible at a glance once used to continuously preparing your trades.
Attached Image (click to enlarge)
Click to Enlarge Name: 160510-0830-GBPUSD-M1.PNG Size: 59 KB
  • #392
  • May 12, 2016 5:40am May 12, 2016 5:40am
Haniam,

Thanks for sharing.

Do you take the trade as soon as it hits the SR/Trend lines or do you wait for a pullback to start first before getting in?

Thanks
  • #393
  • May 15, 2016 1:00am May 15, 2016 1:00am
Quoting araa
Haniam, Thanks for sharing. Do you take the trade as soon as it hits the SR/Trend lines or do you wait for a pullback to start first before getting in? Thanks
This will depend. Here comes the 'Price action' part of the system, which makes it difficult to program.
You need to watch for the velocity of the move, its momentum and how it reacts when it approaches or hit the SR/Trend lines.

A variance of the system could the use of indicators to help in such decision, oscillators for entries at these levels only when in oversold/bought situations, Trend indicators for entries... This won't make a huge difference, reason I use them rarely.

Beware adding more than 2 indicators else you will definitely be in a mess.The settings of the indicators are not very important. The important part is that you should be used to using this indicator and comfortable with it.

The graph with stochastic as example would be like the below then.
Attached Image (click to enlarge)
Click to Enlarge Name: 160510-0830-GBPUSD-M1-S.PNG Size: 61 KB
  • #394
  • May 15, 2016 2:09am May 15, 2016 2:09am
Quoting ***;
I would like to ask you a favour please. Could you please teach me how to do scalping? I live in London and due to my job, I cannot spend the whole day infront of charts but I do get one hour during London open and then after 5:00 pm London time and I would like to utilise this for scalping. I would also like to do any help to you if you wish something.
I received several requests from traders asking me to teach them how to scalp or to manage their accounts.
As I already posted before, I am not into selling anything. I shared my way of scalping on this thread for free. All you need to do is read carefully previous posts and practice a lot. Like Piparins did, you can post here your view of a chart you have worked on following my previous indications and I will comment as I did on the previous posts to help you in your trades settings. I think this is the best way to learn.
As for managing accounts, it would be too costly, unless you have a 6-7 figure account!

Quoting chiche
Hey haniam, can you recomend any book that help you in you trading life? I'm starting to read more, I think knowledge is the key in life. I know I should start with a english course book because my main lenguage is spanish, but I can read very good.
There are many books considered as a must read for any trader to be successful. They have sophisticated figures and mathematics formulas with lot of theory and of course 500+ pages. Feel free to read them if they can give you the confidence needed to trade.

I would however recommend to start with an original book, who talks about a trader life experience rather than how to trade in theory:
Reminiscences Of A Stock Operator by Edwin LeFevre

You can find the PDF over the internet. It is an exciting 178 pages book that will let you understand what is a bucket shop, how brokers work and how they could hunt your stops from the first few pages. Nothing has really changed a hundred years later. This book is a must for all traders.

"First published in 1923, Reminiscences of a Stock Operator is the fictionalized biography of Livermore. There is no question that Reminiscences is
one of the best financial books ever written. Generations of traders, investors, and market watchers have turned to it for insight into the strategies of a great trader and for understanding of crowd sychology and market timing." Richard Smitten
  • #395
  • May 15, 2016 7:23am May 15, 2016 7:23am
yes man , post on this thread or create a new one , it will be fun . Nice to see another coupound interest maniac trader here
  • #396
  • Edited 11:32am May 16, 2016 7:14am | Edited 11:32am
Quoting haniam
...will have to be patient to see if they are just doing maneuver to win some more time or if they are honest and facing some problems as they said.
The issue will still take some weeks.
I filed a case against them at FPA where you can follow further details of this.
Here some updates about my withdrawal request.

Caesartrade seems to try winning time by doing different maneuver to delay a confrontation.
The case filed against them at FPA has been brought up to open case for voting in order for it to be judged.

CaesarTrade will be judged as being a Scam in the forex community. Feel free to go voting.
  • #397
  • May 16, 2016 7:30am May 16, 2016 7:30am
Quoting haniam
{quote} Here some updates about my withdrawal request. Caesartrade seems to try winning time by doing different maneuver to delay a confrontation. The case filed against them at FPA has been brought up to open case for voting in order for it to be judged. CaesarTrade will be judged as being a Scam in the forex community. Feel free to go voting.
Good step forward mate.
At least other traders can stay clear of this scam broker.
When the going gets tough , the tough get going
  • #398
  • May 18, 2016 8:14am May 18, 2016 8:14am
Haniam, did you find the new broker you were looking for with the characteristics you need?
Pablo
  • #399
  • May 22, 2016 10:09am May 22, 2016 10:09am
Quoting ptejerina
Haniam, did you find the new broker you were looking for with the characteristics you need?
I have opened live accounts with some brokers I am testing.
Noting decisive yet. I think MM should be adjusted to match a greater cost per trade.
Exceptional momentum and volatility like march ones is not expected in the near future.
  • #400
  • May 22, 2016 2:33pm May 22, 2016 2:33pm
haniam, how do you know that a trading opportunity like that of march will come?
0 traders viewing now