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50 to 22000 in one week

  • #2,541
  • Oct 3, 2016 10:57am Oct 3, 2016 10:57am
Quoting kpclick
{quote} Yes, except for his leverage and entries most of the days are ranging and so he losses He is down -92% for the day and for the week and we have Monday. New 1k deposit please. With this rate we will get to ROI around 40% by the end of this week, moving nicely along predicted trend
I already tried it on a 2-3 trending days, with initial balance of $500 I withdrew $5k in 3 days.
(check my posted images)

(I divided capital into 4 accounts after %400 profit, so I didn't fail like bagX)

Trend is %90 of the time determined in the pre-market hours + london open.

So it is fairly easy if you don't go "all-in".
  • #2,542
  • Oct 3, 2016 11:14am Oct 3, 2016 11:14am
Quoting openyoureyes
{quote} I already tried it on a 2-3 trending days, with initial balance of $500 I withdrew $5k in 3 days. (check my posted images) (I divided capital into 4 accounts after %400 profit, so I didn't fail like bagX) Trend is %90 of the time determined in the pre-market hours + london open. So it is fairly easy if you don't go "all-in".
Some feel this is gambling kick ass trading ask me
  • #2,543
  • Oct 3, 2016 8:21pm Oct 3, 2016 8:21pm
Quoting openyoureyes
{quote} learn about what you are trading first. read about pre-open hour / cash hour etc.

thanks for your comments.

I started to trade AUD200 this year after attending a refresher trading course.
I knew I has missed lot of things about how to trade indices of different markets therefore did some demo to learn new things now.

thank you again for your kindness and help.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,544
  • Oct 3, 2016 8:28pm Oct 3, 2016 8:28pm
Seems like i have been missing out on alot here....
Choose your destiny!!
  • #2,545
  • Oct 4, 2016 12:49am Oct 4, 2016 12:49am
I like the way bagXpert trades/gambles with big lots, I do the same. Win or lose I don't like 2% per trade risk mm.
  • #2,546
  • Oct 4, 2016 1:29am Oct 4, 2016 1:29am
Quoting manimashin
I like the way bagXpert trades/gambles with big lots, I do the same. Win or lose I don't like 2% per trade risk mm.
How do you determine how long to keep a trade open, winning or losing?
  • #2,547
  • Oct 4, 2016 1:48am Oct 4, 2016 1:48am
Quoting Nala66
{quote} How do you determine how long to keep a trade open, winning or losing?
You must have a good plan or good money management.

You can carry 0.50 lots with only $500 / 1:400 but your account will blow in 10 pips.

DAX intraday-trends normally go for ~+90 pips, you seek those...

You look at lower TF, if you notice reversal you TP and close / enter at better price.

example chart:
You add more until you hit those:
TP1: 10390
TP2: 10290
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-10-04_0951.png Size: 207 KB
  • #2,548
  • Oct 4, 2016 1:50am Oct 4, 2016 1:50am
Quoting Nala66
{quote} How do you determine how long to keep a trade open, winning or losing?

The strategy is if your winning you wait until it is a losing then close the trade, if your losing you wait until you get a margin call.
Follow The Markets Structure - Patience and Discipline
  • #2,549
  • Oct 4, 2016 2:32am Oct 4, 2016 2:32am
This is wonderful. Ask a person a question and two other people answer it.
  • #2,550
  • Oct 4, 2016 3:01am Oct 4, 2016 3:01am
Joking aside, last gold trade was a classic bear trap, i minute trend up with a deep pullback and then what looked like a continuation. Only needed to look at the 5 minute then the 30 to see that his trade was a retracement swing and been a bit more careful and he could of then reversed his trade to go along with the main trend.
Follow The Markets Structure - Patience and Discipline
  • #2,551
  • Oct 4, 2016 3:01am Oct 4, 2016 3:01am
Trendlines is all you need.

Just make sure trend is same on 15min - 1H - 4H etc.

(I am biased towards short, what I see on 45min chart.)

example short entry:
SL: $100
capital: $500

(demo, not a good entry price for live)
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 2016-10-04_1102.png Size: 28 KB
  • #2,552
  • Oct 4, 2016 3:21am Oct 4, 2016 3:21am
Quoting openyoureyes
Trendlines is all you need. Just make sure trend is same on 15min - 1H - 4H etc. (I am biased towards short, what I see on 45min chart.) example short entry: SL: $100 capital: $500 (demo, not a good entry price for live) {image} {image}

I will stick with the 5 min primary trend break out long for the moment, that 4 hour down trend looks like a corrective swing on the daily weekly so for the moment my bias is long.
Follow The Markets Structure - Patience and Discipline
  • #2,553
  • Edited 4:41am Oct 4, 2016 4:28am | Edited 4:41am
Here is a chart that might help,

The whole primary trend is one swing on the daily chart, it can be corrective or impulsive, trade both but be aware of the difference.

Trade the break out in impulsive waves or use the minor waves of the intermediate waves to enter back into the trend, stay away from the intermediate down swings.

If the whole swing is corrective , be very careful, you saw what happened to Bagx on the gold trade.

That is how i see the markets, all instruments , time-frame combos works the same.
Attached Image (click to enlarge)
Click to Enlarge Name: Primary trend.png Size: 38 KB
Follow The Markets Structure - Patience and Discipline
  • #2,554
  • Oct 4, 2016 5:45am Oct 4, 2016 5:45am
Quoting pipfarm
Here is a chart that might help, The whole primary trend is one swing on the daily chart, it can be corrective or impulsive, trade both but be aware of the difference. Trade the break out in impulsive waves or use the minor waves of the intermediate waves to enter back into the trend, stay away from the intermediate down swings. If the whole swing is corrective , be very careful, you saw what happened to Bagx on the gold trade. That is how i see the markets, all instruments , time-frame combos works the same. {image}
I wouldn't check primary trend on 1H chart.
  • #2,555
  • Oct 4, 2016 5:47am Oct 4, 2016 5:47am
example trade in profit, SL set to BE.

(0.35 lots pyramid of 0.01 - 0.02 - 0.03 - 0.04 - 0.05)
every 30-40 pip will double the $500 initial capital (can you add more because trade in profit, more free margin opens)
Attached Image(s) (click to enlarge)
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  • #2,556
  • Oct 4, 2016 6:12am Oct 4, 2016 6:12am
Quoting openyoureyes
example trade in profit, SL set to BE. (0.35 lots pyramid of 0.01 - 0.02 - 0.03 - 0.04 - 0.05) every 30-40 pip will double the $500 initial capital (can you add more because trade in profit, more free margin opens) {image} {image} {image}
So now after a tad more than 3 hours trading you have been stopped out for B/E. Is that correct?

It is difficult to judge the prices on your charts because they are covered up.
  • #2,557
  • Oct 4, 2016 6:17am Oct 4, 2016 6:17am
Quoting Nala66
{quote} So now after a tad more than 3 hours trading you have been stopped out for B/E. Is that correct? It is difficult to judge the prices on your charts because they are covered up.
I think you don't get it:
It is not a trend day, so I won't trade live.

Because it is DEMO I don't close trades...

Had the opportunity for +%25 profit + sell higher...
(and it is a plus % DAX day)
  • #2,558
  • Oct 4, 2016 6:29am Oct 4, 2016 6:29am
Quoting openyoureyes
{quote} I think you don't get it: It is not a trend day, so I won't trade live. Because it is DEMO I don't close trades... Had the opportunity for +%25 profit + sell higher... (and it is a plus % DAX day)
You said stop to B/E
  • #2,559
  • Oct 4, 2016 6:44am Oct 4, 2016 6:44am
Quoting Nala66
{quote} You said stop to B/E
If it was a live trade I would've set it, waste of time for now. (check screenshot I didn't set)
I have a full-time job.

For Trend Confirmation:

for bull: has to print -> 5min, 15min, 1H -> HH, HH, HH
for bear: has to print -> 5min, 15min, 1H - > LL, LL, LL

etc.
  • #2,560
  • Oct 4, 2016 6:45am Oct 4, 2016 6:45am
Quoting openyoureyes
{quote} I think you don't get it: It is not a trend day, so I won't trade live. Because it is DEMO I don't close trades... Had the opportunity for +%25 profit + sell higher... (and it is a plus % DAX day)
What determines if it is going to be a trend day or not?

What does 'plus % DAX day' mean?
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