thread: How I Turned 1k To 100k In A Wk!!!

96509

It means a failed breakout.

Taking a look at the indior source code, the indior is searching for higher highs.... In the screen shot, the bars following breakout have hit powerful resistance and are not making higher highs which means the profit goals won't be hit. This is an x appears.

I notice you are using laguerre.... To me it is a horrible indior and truly lives up to it's title...'LAG'. If you're new to Currency Market then dump this indior and use MACD or CCI, that is if you really must use an indior.

TrevA

Treva, thanks. Look at the chart , you will observe that is a bullish one. Appeared If an arrow closed. When the second candle closed a cross appeared on the subsequent candle. So what can we do? We start when arrow appears and close then cross appears?

96509

Treva, thanks. Have a look at the chart please, you will observe that is a bullish one. Appeared, when an arrow closed. When the candle closed a cross appeared on the candle. What exactly do we do? We open when arrow looks and shut then cross appears?

Eagle_eye

My first question for you is exactly what cash management are you currently using? I would search to tell me shut and when to open trades when I first started trading. Now, they are nothing but indiors, that. I utilize percentage of equity cash management to alloe lot sizes base on risk and to scale from trades.

For me, technical indiors that lag are useless so I tend not to utilize them (Laguerre like ). Indiors based on trend lines, support and resistance are high shelf and are encouraged.

I would recommend opening a trade with 5 contracts with every contract being 1/5 of the total position you want. E.g. if you buy 1 lot then open 5.2 contracts. Have 3 profit targets.... E.g. 30 pips, 60 pips and open...

When your trade strikes 30 pips profit sell two contracts. If it strikes 60 pips, sell the following 2 contracts leaving you . Let that contract continue to ride. Never let a trade turned into a trade.

Given this simple money management egy employed to your situation, I would sell two contracts . I would then watch the position carefully and exit break even (if it moves against you) thereby preserving your capital.

Your position really worries me for many reasons:

1. You're trading against the trend. It is obviously a downward trend.
2. 216.55 has been analyzed 2 times in consecutive hourly bars and neglected. . It is trying again although the level provides strong resistance.
3. The bar was bearish indiing a trend.

Given these issues I would say this is a minimal likelihood trade so watch it carefully. You'll be lucky to make money here so try to stick with higher probability trade and trades with the trend.

Hope this helps and good luck.

96509hi there men

happy new year to all of you out there. I am hoping this year all of you will make more pips compare to last year!

well. . My 2008 was started by me without my web!

Got tangled in some issues with my supplier and I'm in the process of switching to a new one..will tell u more about this in my site...

so for the whole of this week I did not open any transactions n had to let my open transactions because last week to operate either hit TP or SL.

Great news is my ODL is up around 32 percent with a different 10K floating profit. I will upgrade the analysis once I'm done.

As for the IBFX transactions, not up that far. . .wil keep u guys updated about the prior weeks trade outcomes.

Rite now I am using dial up while waiting for my broadband to maintain up.

Just bear with me for a little while before I post those outcomes.

Anyway this method has been good to me. Thanks again mystic.

Take good guys.

96509

Eagle_eye

My first question to you is exactly what cash management are you using? I would look to inform me when to open and shut transactions when I first started trading. Nowthey are nothing but that, indiors. I use percentage of equity cash direction to alloe lot dimensions base on risk and also to scale from transactions.

For mepersonally, technical indiors that lag are unworthy so I tend not to use them (Laguerre like ). Indiors based on trend lines, support and resistance are high shelf and are invited.

I would recommend opening a transaction with 5 contracts with every contract being 1/5 of this total place you desire. E.g. should you buy 1 lot then open 5.2 contracts. Have 3 profit goals.... E.g. 30 pips, 60 pips and open...

When your trade hits 30 pips profit market two contracts. If it hits 60 pips, sell the following 2 contracts leaving you. Let that last contract continue to ride. Never allow a commerce become a loosing trade.

Given that this easy money management egy employed to your own situation, I would sell two contracts . I would then watch the place carefully and depart break even (if it moves against you) thereby maintaining your capital.

Your position really worries me for many reasons:

1. You are trading against the trend. It is a downward trend.
2. 216.55 has been tested 2 times in consecutive hourly bars and failed. . It is trying although the degree provides strong resistance.
3. The previous pub was very bearish indiing a downward trend.

Contemplating these issues I would say that this is a minimal likelihood trade so watch it carefully. You will be lucky to make money here so trade with this trend and try to stay with high probability trades.

Hope that this helps and best of luck.

TrevA

Thanks for your answer. Appreciate it.

96509

Eagle_eye

My first question to you is exactly what cash management are you using? I'd search to inform me when to open and close transactions, when I first began trading. Now, they are nothing but indiors, that. I utilize percentage of equity cash management to alloe lot sizes base on risk and to scale out of transactions.

To mepersonally, technical indiors that lag are unworthy so I tend not to utilize them (Laguerre like ). Indiors based on trend lines, support and resistance are top shelf and are invited.

I would suggest opening a trade with 5 contracts with every contract being 1/5 of the entire place you want. E.g. should you buy 1 lot then open 5.2 contracts. Have 3 profit goals.... E.g. 30 pips, 60 pips and open...

as soon as your trade hits 30 pips profit market two contracts. When it hits 60 pips, sell the following two contracts leaving you with 1. Let that final contract continue to ride. Never let a trade turned into a loosing trade.

Given this easy money management egy applied to your own situation, I'd sell two contracts departing 5. I'd then see the place carefully and exit break even (if it moves against you) thus preserving your capital.

Your position actually worries me for many reasons:

1. You are trading against the trend. It is quite clearly a trend that is downward.
2. 216.55 has been analyzed 2 times in consecutive hourly pubs and failed. . It is trying but the degree offers strong resistance.
3. The bar was bearish indiing a trend.

Given these problems I'd say this is a low probability trade so watch it carefully. You'll be lucky to make money here so try to stay with high probability trade and trades with the trend.

Hope this helps and best of luck.

TrevA

So I know its potential to have an arrow to go long then on another bar to receive a cross signalling a fake break out?

How long have you been trading? How successful are you?
Thanks.

96509

hello there guys

happy new year to all you out there. I am hoping this year you all will make more pips compare to last year!

well. . My 2008 was started by me !

Got tangled in some issues with my provider and I am in the process of switching to a new one..will tell u more about this in my blog...

in order for the whole of this week I did not open any trades softly had to let my open trades since last week to conduct hit TP or SL.

Good news is my ODL is up around 32% with a different 10K floating profit. I will update the analysis once I am done.

As for its IBFX trades, not up that much. . .wil keep u guys updated about the weeks trade results.

Rite now I am using dial up while waiting for my broadband to maintain up.

Only bear with me for a little while before I post those results.

Anyhow this method has been great to me. Thanks mystic.

Take care guys.

When will you begin trading with real money? They say theres a big difference between trading on demonstration and real. Thanks and keep up the fantastic work.

96509

Therefore I understand its potential to have a arrow to go long then on another bar to receive a cross signalling a fake break out?

How long have you been trading? How powerful are you?
Thanks.

Yes, it is possible to have an arrow then a cross signifying a false breakout, especially when the breakout is counter tendency.

You see, while this indior is brilliant, it's also faulty because it indies on pub close. If you apply the 1 hour interval it means you're waiting 1 hour to find the signal when in fact, the signal should have appeared within minutes of breakout.

I don't follow the indior arrows at all.... Rather, I exchange the moment the breakout is evident. I'm considering rewriting this indior to show the arrow breakout instead of at intervals end. Because you miss the moves it misleading.

About my achievement... well, that is a good question. :--RRB- What is success anyway? To me, I could be successful with discipline but I'm quite lazy. Some days I ch 200 pips. Other days I barely break even and it's my variability that is fruing!!! Ahhhh... it's not straightforward.

965091 Structure (s)

Due to many enquiries, I am attaching my announcement after being in a position to remove my account info

GL/GT

Hi Mystic,

I am fascinated by the result. I did some analysis and am posting the excel file if someone need to perform further analysis. Allow me to know if you would rather I remove this post.

Appears like you pretty much made the whole money from GBP/JPY and that also mostly by heading short. You kept on adding to your positions throughout the trip of the pair.

The multiple positions were each on the basis of a signal or simply your belief in the direction of their motion? Would appreciate if you could assist me.

Thanks,

https://www.cliqforex.com/attachment...7965865799.xls

96509Hi MG,

Thank you for this very entertaining thread which I just read through in it's entirety. I will have a peek at this indiors and determine if I will use these, but complete, over the approach, the value to me is simply to gain confidence that major returns are possible in a very short time if the conditions are correct and if one has the guts (and a successful strategy ) to trade accordingly.

It's completely understood the MM is crazy, and also the most likely outcome is to dismiss one's entire account. Like playing with Vegas, sometimes you win and have a blast doing this, but you put whatever you can afford to lose! Opening an account with $1000 of pure Mad Money (or some small amount) could be the thing to do but only with some brokers. I really don't believe my broker will promise not to go below my deposit.

On that topic, I have a comment regarding a concern raised in this older post #64 which was not addressed in the many subsequent posts:

I went and read this and their risk announcement. However, just like each these brokers, it doesn't specifically say you can't go in the gap. In fact is says there may be a margin call, not there'll be a margin call. It would be interesting to see the contract one agrees to when they start a live account, because this is where they generally tell you there's a risk of losing over you investment.

I believe I remember reading a couple of years ago somebody was guaranteeing not to allow a negative balance, however they weren't a US controlled broker. They weren't controlled.

I like the notion of having a complete cap on risk, meaning you can lose no more than the amount you deposit into an account. This is especially significant if a major news event causes a transaction to move against you outside your S/L. I recently had a -44 pip slippage on GJ once the BoE minutes were published. Who would have thought the minutes would shake up the market so much so fast as it did to slide below my BE S/L. Ah well, live and learn...

I don't believe most brokers will ensure your account can't go negative in which you actually owe them money, but it would appear that FXCM does (that MG uses). I would double-check their contract to make sure that it does not exclude news events or astrophes which may really shake up a market, but according to their web site:

=========
http://www.fxcm.com/margin-and-rollover-faq.jsp#a5a
Can there be a debit risk? Can I lose more money?
Not with FXCM. We promise you may never cover a debit balance.
One of the greatest concerns traders have about leverage is a large loss could lead to owing money to their broker. At FXCM, your greatest risk of loss will be restricted by the amount you deposit. All accounts are tracked by our”Margin Watcher”, the greatest security feature. It may automatically remove your rankings from the market prior to your account may go negative.
=========





Traders, if other brokers have comparable guarantees, please note which ones so that we can know which brokers may be safely used for crazy MM trading. (This is NOT a recommendation nor an endorsement, however if you are gonna do it, be certain your maximum reduction is ensured from your broker).

Pips4life

96509 Hi,

COT

Thanks MG to your informations about COT, I think that we can make use of these data and also make regular profits with only 1 trade per week and per pair (see this particular system, there can be additional version). I receive 1442 pips for gbpchf and 1943 pips for gbpjpy. COT is absolutely one of the strongest indior. However the big month such as august wasn't impressive with COT and SL are occasionally quite large (gt;400pips). But it's another strategy.

Demark Lines

I've traded this week with Demark Lines, here are my results on H1 and H4 timeframes as well as 31 pairs:

H1:

Complete: -2584 pips

audjpy 479
cadchf 436
euraud 348
gbpchf 248
eurchf 247
...
gbpaud -374
audcad -385
eurcad -387
eurjpy -404
cadjpy -602

H4:

Complete: -1549

usdchf 538
gbpcad 365
eurjpy 317
cadjpy 273
nzdjpy 176
...
audchf -233
gbpusd -245
cadchf -310
gbpnzd -404
gbpaud -462

H1 H4

Complete: -4133 pips

usdchf 694
audjpy 422
gbpcad 359
nzdjpy 308
gbpchf 248
...
audusd-416
eurnzd-526
eurcad-545
audcad-563
gbpusd-574
gbpnzd-593
gbpaud-836

Note:

The key problems are that there isn't any particular rules about SL, so I've used for half trades the previous Highs and Lows and to another half the upper/lower trendline /10/20/30 pips (the results are quite similar for the two periods). The TP are too far away from the place, most of pairs rarely reaches on these TP. As a result, you can frequently see open trades with 200, 400, 800up to 1600 pips of profits (for H4) that completely disapear punctually. That is why a direction of each trade is needed. The trader must modify the SL and shut the trades when the yield are good. Here I've only set orders, and shut trades once I have to place an order in the opposite direction (too many pairs to earn MM).

Expert Advisor

So, if we produce an EA, and that I think it would be interesting for this particular trading platform, we ought to add two options for the SL, an automatic one with X pips over/under the upper/lower trendline and a manual one with X pips (based on pair's possible ). Also a trailing stop will be critical. Then no TP (in option only). An EA predicated on this indior already exists, it's http://www.forex-tsd.com/expert-advi...to-trader.html but it was developped with an old variant of Demark traces (2005) and the results are absolutely bad.

No SL, no TP

Also I have discovered that if we only wait for the subsequent sign without TP and SL, some pairs generates (for the second ) continuous positive or negative returns:

gbpchf 739
xauusd 287
gbpjpy 250
chfjpy 228
eurchf 209
...
eurjpy -288
xagusd -305
eurcad -372
gbpnzd -383
eurnzd -426
euraud -558
gbpaud -937

We can reverse the machine for the negative pairs and also get about 5000 pips for this week end. Of course, no SL no more TP is risky and one opposite trade of 200-1000 pips (during huge trends) will erase efforts and time spent on the charts. 1 week isn't enough to know if it is regular. But a backtesting may be interesting, just to verify.

We could also reverse the machine for the demo testing results (-4133 gt; 4133), the identical issue will appear with Max Drawdown overly important and SL overly large.


https://www.cliqforex.com/attachment...4477153352.zip
https://www.cliqforex.com/attachment...7527931526.xls
https://www.cliqforex.com/attachment...9650714485.xls
https://www.cliqforex.com/attachment...1703586916.xls