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Wiz Index

  • #21
  • Apr 26, 2017 10:56am Apr 26, 2017 10:56am
Short Dax
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Just need Dow to drop about 200 pips now.
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  • #22
  • Apr 27, 2017 3:46am Apr 27, 2017 3:46am
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  • #23
  • Apr 27, 2017 7:11am Apr 27, 2017 7:11am
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  • #24
  • Apr 27, 2017 7:16am Apr 27, 2017 7:16am
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  • #25
  • Apr 28, 2017 2:34am Apr 28, 2017 2:34am
hello wizlon, im here to learn at your feet
  • #26
  • Edited 4:50am Apr 28, 2017 3:46am | Edited 4:50am
Took an unnecessary loss on USDJPY today because I had to work and I could not monitor the trade. I hate having to do that but that is the reality of working full time and trying to trade on the side.
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  • #27
  • Apr 28, 2017 3:50am Apr 28, 2017 3:50am
Quoting davyman003
hello wizlon, im here to learn at your feet
Hello Davyman003,

My intention when opening this thread was not to teach anything and I am not going to turn it in to the type of thread that appears in the Trading Systems forum. However I will continue to post trades and offer insights in to what I do which I'm sure you will be able to learn from if you want.

I don't claim to be any kind of expert though so although my trade explorer is visible I do not recommend that you copy my trades blindly.
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  • #28
  • Apr 28, 2017 4:02am Apr 28, 2017 4:02am
ok boss, im a salper but not effective in it, i hope ur pix will give me more insight
  • #29
  • Apr 28, 2017 4:23am Apr 28, 2017 4:23am
Quoting davyman003
ok boss, im a salper but not effective in it, i hope ur pix will give me more insight
I have already made some indications to what I do. I study the the standard volume indicator that comes with MT4. You can see it at the bottom of my charts. I know there are those that say that this volume is useless and I understand their reasons but I would have to disagree.

This volume indicator offers us clues as to whether big players are buying or selling.

What you need to understand is that these people accumulate shorts in rising markets and they accumulate longs in falling markets.

Thats the secret
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  • #30
  • Apr 28, 2017 4:31am Apr 28, 2017 4:31am
Great and interesting trader...

Subscribed
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #31
  • Apr 28, 2017 6:06am Apr 28, 2017 6:06am
Why do you lock visibility on the results? Makes us think this is a "cent" account.

I'm not sure why people hide but show their performance. Has always seemed odd to me...
  • #32
  • Apr 28, 2017 6:13am Apr 28, 2017 6:13am
Quoting Cubbybgood
Why do you lock visibility on the results? Makes us think this is a "cent" account. I'm not sure why people hide but show their performance. Has always seemed odd to me...
The thing is I don't give a shit if you think it is a cent account.

If you had wanted to know about the size of my account you could/should have asked politely.
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  • #33
  • Apr 28, 2017 6:27am Apr 28, 2017 6:27am
Quoting wizlon32
{quote} The thing is I don't give a shit if you think it is a cent account. If you had wanted to know about the size of my account you could/should have asked politely.
I'm not sure that my message deserved that kind of response....hmmm

Your response means, yes, this is a cent account. It's really the only reason you would lock out the results. I've been trading for 12 years and know this world well. There is nothing dangerous or unsafe about displaying all the results in the explorer. The way I see it is...the lockout options are only used if the trader has something to hide.

Everybody knows that no one trusts a cent account. They are always traded differently. Traded in a"all balls to the wall" kind of way because the trader has nothing to lose.
  • #34
  • Apr 28, 2017 6:33am Apr 28, 2017 6:33am
Quoting Cubbybgood
{quote} I'm not sure that my message deserved that kind of response....hmmm Your response means, yes, this is a cent account. It's really the only reason you would lock out the results. I've been trading for 12 years and know this world well. There is nothing dangerous or unsafe about displaying all the results in the explorer. The way I see it is...the lockout options are only used if the trader has something to hide. Everybody knows that no one trusts a cent account. They are always traded differently. Traded in a"all balls to the wall" kind of...
Ok you goaded me in to it. But you still couldn't just be polite and ask nicely could you.

£5500 withdrawals this month. Definetely not a cent account. As to why my money and lots are not visible, it is just my choice. Is that so bad?
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  • #35
  • Apr 28, 2017 6:42am Apr 28, 2017 6:42am
Well! I was wrong!

But why? How come you feel the need to hide? Doesn't seem like you're shy. Just because the account is balance shows $5500 doesn't mean it's not impressive. You don't need $100k to be respected here. $300 to $5500 is very impressive.

No it's not wrong feeling more comfortable not showing but it's always been my opinion. Why do traders go to all the trouble to make these threads showing their personal performance but hide few key options?

Anyway, sorry for being a bully. Well done.
  • #36
  • Apr 28, 2017 6:57am Apr 28, 2017 6:57am
Quoting Cubbybgood
Well! I was wrong! But why? How come you feel the need to hide? Doesn't seem like you're shy. Just because the account is balance shows $5500 doesn't mean it's not impressive. You don't need $100k to be respected here. $300 to $5500 is very impressive. No it's not wrong feeling more comfortable not showing but it's always been my opinion. Why do traders go to all the trouble to make these threads showing their personal performance but hide few key options? Anyway, sorry for being a bully. Well done.
Well I am sorry for being defensive then. I just think that being polite goes a long way.

That's 5500 withdrawals this month, not 300 to 5500:-)
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  • #37
  • Apr 28, 2017 7:12am Apr 28, 2017 7:12am
Quoting wizlon32
{quote} Well I am sorry for being defensive then. I just think that being polite goes a long way. That's 5500 withdrawals this month, not 300 to 5500:-)

Well, people are always trying to make there results seem better than they actually are. Typically makes me more aggressive. Nice to know that's not the case with you. In my defense though, I do see this unfortunate "making things seem better" behavior a lot in the trading world giving traders the wrong idea of a safe approach in trading.

Keep up the profit. Ever thought about turning your risk down a bit at this stage to help protect your account? I would really hate to see you lose 100% of your account after you've gotten this far.
  • #38
  • Apr 28, 2017 8:33am Apr 28, 2017 8:33am
Hey Wizlon,

Impressed by your scalping and i will be following along. I know you aren't creating a system here, but mind just a few questions about your process?

Do you focus exclusively on the 1 minute chart? I noticed a 1 hour chart in your first post, do you use that to determine sentiment and the minute chart for entries?

Do you trade with predetermined SL and TP levels? And how long would you say you typically stay in a trade?

I like your VSA approach, I learned a lot about that studying charts that were posted by a trader named Rocky here on FF. Keep up the stellar performance, wish I had returns like this!
  • #39
  • Apr 28, 2017 9:16am Apr 28, 2017 9:16am
Quoting wizlon32
{quote} Well I am sorry for being defensive then. I just think that being polite goes a long way. That's 5500 withdrawals this month, not 300 to 5500:-)
Hell, the account is like 24-25k! How is that even possible?!? Seriously!
Maadik Hugiis. IQ 69.
  • #40
  • Apr 28, 2017 9:23am Apr 28, 2017 9:23am
Quoting Forthebulls
Hey Wizlon, Impressed by your scalping and i will be following along. I know you aren't creating a system here, but mind just a few questions about your process? Do you focus exclusively on the 1 minute chart? I noticed a 1 hour chart in your first post, do you use that to determine sentiment and the minute chart for entries? Do you trade with predetermined SL and TP levels? And how long would you say you typically stay in a trade? I like your VSA approach, I learned a lot about that studying charts that were posted by a trader named Rocky here...
I am travelling home now but I will try to answer your questions over the weekend.
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