Thanks Trader-Dale you are brilliant! I have been following for the last few weeks, what a great system! Would you mind to post your results at the end of each week like you did on page 1?
1
- Post #1,642
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- Dec 10, 2016 8:46am Dec 10, 2016 8:46am
- Joined Dec 2015 | Status: Member | 7,803 Posts
Hi everybody, I just punched Dales, September results from the first page, to my excell trading spreadshhet: I changed pips to U$ . So if your account was 1200 U$, and you risked 1% i.e 10 bucks THEN: you had a 12% growth. Your expectancy was : R 0,3748 Meaning you would make 0,378 Cents per Dollar risked. Awsome results. Having the stomach to risk 2% per trade: THEN. that would give you a 24% growth. That, compound , should triple your capital in less than 6 months! And it would reach 100.000 U$ in less than 4 years...and a Million (roughly), in...
consistent results could easily yield more confidence...
taking lets say a 500 account and risking 10% as an example and winning net of 10 trades in a month takes you to about 8700 in 3 months...
now i dont want to put anything into people's heads but the results are there, 10% on a 500 account is 50 - most people will trade risking more than that anyway around here on their usual account so i see no harm in trying...
btw - starting from 500 and up to where we are now from the thread start could have taken you to £200,000 from September to November... not including the trades for December... thats a nice xmas present for someone
just a thought
well done Dale, great thread and even better trader
- Post #1,643
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- Dec 10, 2016 12:53pm Dec 10, 2016 12:53pm
{quote} hi I am new to forex too. May I know what does it mean by RRR 1:1? Following your trade calls, where should the TP level be? 10 pips away? And how much volume should I trade?
RRR 1:1 means that the Reward Risk Ratio is 1 to 1. Means if you are risking 10 pips then you are targeting 10 pips as well. Similarly if you risk 20 pips then you target 20 pips. so the ratio remains 1 to 1.
Dale always suggests 12-pip stop loss and a 10-pip target. And if you are new to Forex then you can start with trading Micro lot (0.01).
Hope it helps
KhalidY
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- Dec 10, 2016 1:10pm Dec 10, 2016 1:10pm
- | Joined Nov 2016 | Status: Member | 17 Posts
- Post #1,646
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- Dec 10, 2016 3:40pm Dec 10, 2016 3:40pm
Thanks Trader-Dale you are brilliant! I have been following for the last few weeks, what a great system! Would you mind to post your results at the end of each week like you did on page 1?
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- Post #1,647
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- Dec 10, 2016 3:54pm Dec 10, 2016 3:54pm
- Joined Nov 2008 | Status: Member | 1,942 Posts
I just don't want Dale's levels to get to the wrong people or do something that could potentially hurt their accounts unless they're 100% sure they know what they're doing.[/quote]
ABSOLUTELY:
-10% risk, means that if you loose 10 times in a row youré out. Impossible?....what if it happens when you reach a million?
-500 account, 10% risk on 12 pips, the leveraged lot is: BIGGER than 50000...you get hit, loose 50 bucks and move on..no problem.
-BUT what if black swan hits, and your stop is only "honoured", 1500 pips below...I think the eurchf gap was even bigger!!!!!
-If your broker sues you for negative balance, you would be down some 10000 ...
-No problem ,you sell your car and start again..
-It goes great for a few months and you hit 50000....
..keep risking 10% with the lot size accordingly....
-Black swan hits
, your broker could sue for 10 million!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Having an edge is great, and can make a lot of money, BUT one needs to calculate ALL THE RISKS over and over again....take precautions...
THEN...enjoy...
...your hard work...
ABSOLUTELY:
-10% risk, means that if you loose 10 times in a row youré out. Impossible?....what if it happens when you reach a million?
-500 account, 10% risk on 12 pips, the leveraged lot is: BIGGER than 50000...you get hit, loose 50 bucks and move on..no problem.
-BUT what if black swan hits, and your stop is only "honoured", 1500 pips below...I think the eurchf gap was even bigger!!!!!
-If your broker sues you for negative balance, you would be down some 10000 ...
-No problem ,you sell your car and start again..
-It goes great for a few months and you hit 50000....
..keep risking 10% with the lot size accordingly....-Black swan hits
, your broker could sue for 10 million!!!!!!!!!!!!!!!!!!!!!!!!!!!!Having an edge is great, and can make a lot of money, BUT one needs to calculate ALL THE RISKS over and over again....take precautions...
THEN...enjoy...
...your hard work...
- Post #1,649
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- Dec 11, 2016 3:41am Dec 11, 2016 3:41am
- Joined Nov 2008 | Status: Member | 1,942 Posts
And last but not least...there is a way of avoiding the risk of black swan, in my opinion the biggest enemy.
And that is:once your account has grown to a decent sum, and your lot size could be dangerous on a "huge gap"...you can open an account through a company, which belongs to you, but in case of bankruptcy would protect your house your car socks and underwear...
Need to talk to a lawyer, and hope your Broker accepts the account, I read most do..
Btw, black swans used to happen once in 2 or 3 decades....we had 3 lately in less than 2 years...some Brokers honoured the original stops, many didn´t, some sued for negative Balance, some didn´t...there´s tons of legal battles Happening right now, starting with the eurchf, and continuing with the brexit cable ones...
Wellcome to a real Business world.
And that is:once your account has grown to a decent sum, and your lot size could be dangerous on a "huge gap"...you can open an account through a company, which belongs to you, but in case of bankruptcy would protect your house your car socks and underwear...
Need to talk to a lawyer, and hope your Broker accepts the account, I read most do..
Btw, black swans used to happen once in 2 or 3 decades....we had 3 lately in less than 2 years...some Brokers honoured the original stops, many didn´t, some sued for negative Balance, some didn´t...there´s tons of legal battles Happening right now, starting with the eurchf, and continuing with the brexit cable ones...
Wellcome to a real Business world.
- Post #1,652
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- Dec 11, 2016 9:53am Dec 11, 2016 9:53am
- Joined Nov 2008 | Status: Member | 1,942 Posts
- Post #1,653
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- Dec 11, 2016 5:14pm Dec 11, 2016 5:14pm
Youtube:sunnymdlalose
YT.Sunnymdlalose Return Today:
na
- Post #1,654
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- Dec 12, 2016 3:44am Dec 12, 2016 3:44am
- | Membership Revoked | Joined Sep 2016 | 1,511 Posts
Intraday levels for 12.12.2016
PT 10 pips, SL 12 pips.
Happy trading
PT 10 pips, SL 12 pips.
Happy trading
- Post #1,655
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- Dec 12, 2016 4:02am Dec 12, 2016 4:02am
Trader Dale,
What pairs do you swing? BTW more active in this thread
What pairs do you swing? BTW more active in this thread
- Post #1,657
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- Dec 12, 2016 6:15am Dec 12, 2016 6:15am
- | Joined Nov 2016 | Status: Member | 121 Posts
- Post #1,659
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- Dec 12, 2016 6:24am Dec 12, 2016 6:24am
So many in the Commercial section want to make me rich! :o
- Post #1,660
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- Dec 12, 2016 6:27am Dec 12, 2016 6:27am
- | Joined Nov 2016 | Status: Member | 121 Posts