Times Two Challenge -
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thread: Times Two Challenge

  1. #11
    Here to wish u good luck. Though my current explorer show that a failed effort for this month, but I strongly believe its potential to double account in 1 month, but to always do it for each month will be hard.

    Reading some answers, different pple have various views. My views a bit different, I rather placed 5 digits capital in stocks than in forex maybe bcos I suck in it, but felt safer. And I rather spend between $100~3000 on forex using a bit of leverage rather than a huge amount of money risking 2% while 98% waiting for my money to rot in my forex acct not doing anything and I can still make almost the same kind of profit compare to people who use bigger capital. And my max drawdown can be much smaller that it dont even prick a little off me.

    Anyhow just my private opinion. All of the best.

  2. #12
    Within a year gone, no successFX is an average monster. I'm back.
    Current balance $300
    System Strategy sound, MM fine, Discipline - Hugely inadequate (I hope a general display of my trading will help this issue)

  3. #13
    Position's shut. Adequate profit. Now for the difficult part. . .waiting

  4. #14
    Two bad transactions, first one was a lack of discipline, instant trade was just bad luck. I must take my profits instead of letting them run out

  5. #15
    Trade 1: no S.L, or T.P yet, nurse trade for a couple hours, tentative S.L 7pips above 96 band

    Reasons for trade: Divergence in earning, tug straight back from yesterdays fall, 96 band resistance. No News.

    Reasons not to have entered trade: PBF above . Price just above number.

    EDIT: Minutes earlier USD high Effect news S.L set at 1/3 of Equity.

  6. #16
    Junior Member eljermo's Avatar
    23
    A fellow oncliqforexcalled CrucialPoint, stated something on one of his threads, he explained The Majors daily range average by 100 to 250 points... Give me a good reason WHY you cannot take 10 points out of it regular? Simply place if you can not do so, You Do not understand how to trade. This has stuck with me.
    Wow... forum... Just wow...
    generally my target is 50pips/week when I cannot do so I don't yet know how to trade
    The result of your trading depends upon what the market does. Having an arbitrary aim like 50pips/week is foolish.

  7. #17
    o trading professional Atokys your foolish announcement retains no water, you want to criticize nice, be constructive about it, I don't have enough time for this kind of conversation, the only component you seem to have read is the component that you see fit to critic, you seem to have disregarded the part where I said Take Profit will vary or it is not set in stone.

    In the above trade, did you see that a T.P of all 50pips? Can you find that a T.P of all 10pips? Can you find any T.P?
    Why do you assume I do not know the market determines exactly what I get??

    My goal is 50 pips/week, I will repeat it. To help you avoid jumping into conclusions and falling, this implies my prerogative to trade in any particular week diminishes (should diminish) once I reach 50 pips, in other words I will lower my risk and cherry pick whatever other trades that I take after obtaining 50 pips.

    Please concentrate more on your own trading, in case you've got no constructive things to say.

    FF'professionals' never stop to amaze.

    TRADE UPDATE: shot out at S.L, multiple chances to close sooner, I must take note exit as soon as market begins to show warning signals.
    Reasons to have closed commerce:
    -Friday
    -News response.
    -T.A

  8. #18
    Junior Member eljermo's Avatar
    23
    From the above trade, did you find a T.P of all 50pips? Can you find a T.P of all 10pips? Can you find any T.P? Why do you assume I don't know the market determines what I get?? My goal is 50 pips/week, I'll repeat it. To help you avoid jumping into conclusions and falling, this means my prerogative to exchange in any particular week falls (should diminish) once I achieve 50 pips, in other words I will lower my risk and cherry pick whatever other transactions I consider later gaining 50 pips.
    Your post made me smile. I understood you the first time plus its own illogical, but please, dont take it from me.

    Good scalpers and short term traders like Jesse Livermore and Linda Raschke never operated with such X pips each week mentalities. Actually, ive only ever seen this motto on forum, and you wonder why many people are so cynical about success.

  9. #19
    quote Your post made me grin. I understood you the first time and its own foolish, but please, dont take it out of me. Scalpers and traders such as Jesse Livermore and Linda Raschke never operated with these X pips each week mentalities. In fact, ive only ever seen this motto on forum, and you wonder why lots of people are so cynical about achievement.
    Heh, X pips/week mindset: if Livermore and Linda did not do it my way, which has nothing to do with it being illogical, I am neither one of them, now that is my target, that is what defines when I boost my lot-size as you can see from the (excel sheet) among other things that I pointed out, I don't guarantee or expect X pips/week every other week, its not possible to do that clearly (some weeks -50 other weeks 20 since the market proceeds ) no where did I say it had been set in stone.

    IT IS A GUIDE, A YARDSTICK, at what point do I change my trading pattern, lot-size e.t.c? That is it 50, there is not many other ways to place it, if you did understand we won't be talking this.

    Now you've yet to say its illogical, say why, list your things, then we might have the ability to commence a sensible conversation, or hold your peace.

    P.S: The outcome of my trading is decided by my entries and my exits. Every other issue is icing on the cake.

  10. #20
    Junior Member eljermo's Avatar
    23
    I could say that its more rational to set weekly goals based on multiples of initial risk per trade ('R') but I guess you can do whatever suits you.

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