50 to 22000 in one week | Page 90 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Firebird EA, please test this one, it is one of the greats 1,228 replies

One for all. All for one. 6 replies

One small step for man... One Giant leap for mabenn? 5 replies

How to run one on more than one pair and time Frame at the same time? 1 reply

two version of FF tunnel Chart, one say down, one say up, which one is correct? 3 replies

Attachments: 50 to 22000 in one week
Exit Attachments

50 to 22000 in one week

  • #1,781
  • Sep 14, 2016 6:41pm Sep 14, 2016 6:41pm
Quoting Pip-Miner
{quote} It seems like a manual stop and greater then tp
So he makes the market breath which make sense, he does not have to be accurate in his entries and adds when prices goes in his direction...... I think......

For that little I read about on his trading list his gain per trade are around average 11%......

I started my own account trading big.....in 4 days I made +45% with win trade of 80%......to early to say....we see.

He made 131 trades in 17 days = average 7 trades per day, 73% win rate.

I think I need to risk about 20% per trade to get near there (with hard stops, not adding, one trade)......averaging 6 trades per day.

But what you are underlying before make sense to me, start small risk big, pocket your gain, rinse and repeat, your accounts gets wiped, not a big deal....

I think BagX made us think.
trading is simple but is simple is not easy.
  • #1,782
  • Sep 14, 2016 6:47pm Sep 14, 2016 6:47pm
Quoting ZenNy
{quote} So he makes the market breath which make sense, he does not have to be accurate in his entries and adds when prices goes in his direction...... I think...... For that little I read about on his trading list his gain per trade are around 30%...... I started my own account trading big.....in 4 days I made +45% with win trade of 80%......to early to say....we see. But what you underlying before make sense to me, start small risk big, pocket your gain and rinse and repeat. I think BagX made us think.
Correct I'm already profitable but this is going to another level bro. It changes your mind set and allows you fly like a pigeon. I know many call it gambling but is it ? Who is risking free Monry or live money in their account ?
  • #1,783
  • Sep 14, 2016 7:19pm Sep 14, 2016 7:19pm
The method relies very heavily on the assumption the market will turn (which it often will) and so multiple entries in the wrong direction turn a bad trade into a good one. This is not a bad idea at all nor is it anything new as long as limits are maintained.

Problems are always going to arise when the market just will not turn before funding runs out, this is to be expected and accepted.

There is no skill in this at all other than risk management which is controlled by the amount in the account which is bound to be cleaned out periodically. The hope is that it doesn't happen too many times in a row and money in the form of profit is banked for safety.

Bags is doing fine in this respect making 2 for every 1 traded and this is the key to the performance and this will determine the profit or loss of the method. This 2:1 ratio if you like, determines when and how much to bank. It also determines how much you can put back in when the account is blown so the draw down on profits is restricted.

People here seem very good at creative accounting but the figures only become true when he stops, in the meantime it is all still work in progress. I see no reason why Bags will fail if he maintains his fiscal control.

It doesn't matter if you have to reinvest 100,000 if you bank 200,000 on the journey to where you would like to be.

Well done Bags you are proving clearly that trading is not all about analysis of price action.

Amen
  • #1,784
  • Sep 14, 2016 7:25pm Sep 14, 2016 7:25pm
Quoting Pip-Miner
{quote} Correct I'm already profitable but this is going to another level bro. It changes your mind set and allows you fly like a pigeon. I know many call it gambling but is it ? Who is risking free Monry or live money in their account ?
The reality is this: For a retail trader with limited money available making 120%pa is not enough, making 1000pa is ok.

Still we need to know what we do technically and with the mind.
trading is simple but is simple is not easy.
  • #1,785
  • Sep 14, 2016 7:44pm Sep 14, 2016 7:44pm
Quoting Nala66
The method relies very heavily on the assumption the market will turn (which it often will) and so multiple entries in the wrong direction turn a bad trade into a good one. This is not a bad idea at all nor is it anything new as long as limits are maintained. Problems are always going to arise when the market just will not turn before funding runs out, this is to be expected and accepted. There is no skill in this at all other than risk management which is controlled by the amount in the account which is bound to be cleaned out periodically. The...
I disagree, it is all about the skill of price entry.
Without a good entry price he would always get margin calls, and he wouldn't be able to win 10 + in a row.
if you can't win trades in a row, then this "all in" money management strategy certainly isn't going to work.
  • #1,786
  • Sep 14, 2016 7:55pm Sep 14, 2016 7:55pm
Quoting daxpriceact
{quote} I disagree, it is all about the skill of price entry. Without a good entry price he would always get margin calls, and he wouldn't be able to win 10 + in a row. if you can't win trades in a row, then this "all in" money management strategy certainly isn't going to work.
If there was a skill to price entry then you would never get stopped out.
  • #1,787
  • Sep 14, 2016 8:04pm Sep 14, 2016 8:04pm
Bags was clearly making a good start but price would just not go in his favor despite the entry being OK
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 99 KB
  • #1,788
  • Sep 14, 2016 8:12pm Sep 14, 2016 8:12pm
Price would just not cross the band yesterday despite the fact it was narrowing.

I don't trade this way at all but if it works then there is no reason for others not to try it.

Sure I pay attention to my method of analysis but it is derived from many years of experience and many people are not willing to put in all the time and effort.
  • #1,789
  • Sep 14, 2016 8:16pm Sep 14, 2016 8:16pm
Quoting Nala66
{quote} If there was a skill to price entry then you would never get stopped out.
Sure no one can always win his/her trade, but its not luck when someone win in a row or most of time. It's because of his price.
  • #1,790
  • Sep 14, 2016 8:18pm Sep 14, 2016 8:18pm
Quoting Nala66
Bags was clearly making a good start but price would just not go in his favor despite the entry being OK {image}
It is not a good entry when you just said the price didn't go in his favor
  • #1,791
  • Sep 14, 2016 8:33pm Sep 14, 2016 8:33pm
Quoting daxpriceact
{quote} It is not a good entry when you just said the price didn't go in his favor
Look at post 1747 and 1711 and you will see it has nothing to do with 'getting it right' it is about managing the entire trade with the limits of the account. Even though multiple entries are made it is still all a part of the one trade where you are counting them as individual wins in a row.

It may not be a good entry for you or I but it was for him and he backs his decision with fiscal control.

We could debate the merits and drawbacks till the cows come home and never resolve the issue.

Whether his way of dramatic performance is better or not than a steady performance is always going to be questionable.

However people with small accounts may not be prepared to spend years building the asset when there is a quicker way to get started.
  • #1,792
  • Edited Sep 15, 2016 1:31am Sep 14, 2016 10:16pm | Edited Sep 15, 2016 1:31am
Quoting ZenNy
{quote} The reality is this: For a retail trader with limited money available making 120%pa is not enough, making 1000pa is ok. Still we need to know what we do technically and with the mind.
120% is not enough???
In 1 year from $100 you make more than 1 million.
Exactly $1.285.500. Yeah, is not enough for a retail trader.
Attached Image (click to enlarge)
Click to Enlarge Name: 100$ 1 year.png Size: 30 KB
  • #1,793
  • Sep 14, 2016 10:23pm Sep 14, 2016 10:23pm
Quoting Tim_isoara
{quote} 120% is not enough??? In 1 year from $100 you make more than 1 million. Exactly $1.285.500. Yeah, s not enough for a retail trader. {image}

Instead of bragging and trolling all the time maybe you should learn how to read properly, I clearly specified 120% pa (per annum).
trading is simple but is simple is not easy.
  • #1,794
  • Edited 11:06pm Sep 14, 2016 10:49pm | Edited 11:06pm
Quoting Tim_isoara
{quote} 120% is not enough??? In 1 year from $100 you make more than 1 million. Exactly $1.285.500. Yeah, s not enough for a retail trader. {image}
Read it properly before you embark on your fuzzy accounting... PA means per year.

By the way if this is EXACTLY then what happened to the 25cents.

You keep sticking your oar in this thread without contributing anything to the debates.

You are wasted space, wasting space, filling the thread with your garbage....mmmm is that a double negative?
  • #1,795
  • Sep 14, 2016 11:28pm Sep 14, 2016 11:28pm
The first hurdle to overcome today is that the market does not gap below 10345. Then if it gaps up we don't want to see it close the gap.

Both situations are very iffy and it will be interesting to see how Bags handles this problem.

What would you guys do?
  • #1,796
  • Edited Sep 15, 2016 12:00am Sep 14, 2016 11:49pm | Edited Sep 15, 2016 12:00am
I do not trade it.

But for the sake of the conversation I just had a brief look at it:

Price broke a major down trend line with an healthy pullback, then made two legs down again towards the recent low extreme (not there yet), here she stalled creating short time support and resistance at 10452 and 10351.

If there is reaction at those levels I would fade them otherwise I would short at 10543 (always with reaction, being a double top bear flag) or at 10320 (recent low) as a double bottom.

BagX is long, I am sure he know better than myself what to do.....
Attached Image (click to enlarge)
Click to Enlarge Name: dax.png Size: 14 KB
trading is simple but is simple is not easy.
  • #1,797
  • Sep 15, 2016 12:48am Sep 15, 2016 12:48am
Thanks for taking the time Zen...Interesting chart and I don't trade the Dax either
  • #1,798
  • Sep 15, 2016 12:59am Sep 15, 2016 12:59am
DAX is going to gap down to open about 10440-445.

Be interesting with the positions Bag has held overnight to the long side.
  • #1,799
  • Sep 15, 2016 1:08am Sep 15, 2016 1:08am
Quoting nox120
DAX is going to gap down to open about 10440-445. Be interesting with the positions Bag has held overnight to the long side.
10340
  • #1,800
  • Sep 15, 2016 1:12am Sep 15, 2016 1:12am
Quoting Nala66
Thanks for taking the time Zen...Interesting chart and I don't trade the Dax either
Anytime mate, is good to have a constructive discussion of our own perception, skill and understanding.
trading is simple but is simple is not easy.
5 traders viewing now