Share €1k to €1M (by Xaron) Quick Stats
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€1k to €1M Discussion
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Member Since May 20, 2010 23 posts
Russell (4xis2ez)
May 29 2010 at 00:12
Oh Xaron! You better use stops!
 Wipeout possible if you don't.
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Member Since Sep 09, 2009 20 posts
Martin Leidel (Xaron)
May 29 2010 at 08:30
Wipeouts are always possible even with stops. Low leverage is the key to survive.
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Member Since May 20, 2010 23 posts
Russell (4xis2ez)
May 29 2010 at 11:23
Was this the strategy you used when you won that FXStreet.com contest?
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Member Since Sep 09, 2009 20 posts
Martin Leidel (Xaron)
May 31 2010 at 14:10
The same one as I use now. Basically BWILC with some technical stuff (simple higher highs / higher lows for trend definition at the daily and weekly). I will describe that more in detail.
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Member Since Dec 06, 2009 9 posts
ShortyFX
Jun 03 2010 at 11:32
Hi Martin, how much do you risk per trade, average and max.? Do you consider also in your risk analysis correlations, e.g. sometimes long in eurusd, gbpusd, audusd is the same -> usd short.
Btw., do you dislike shorts? I 'feel' market move faster down and pips come faster to 'dady'.  Which timeframe do you use typically for trade dec. and entries? Btw.2, when you perform furthermore so well - your million come ealier.  thx and bye, ShortyFX Stops are in - emotions are out! Stick to the system! Follow the rules! Disciplin, patience, consistency! |
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Member Since Jan 20, 2010 11 posts
MarginCall
Jun 03 2010 at 17:29
Good luck Xaron
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Member Since Sep 09, 2009 20 posts
Martin Leidel (Xaron)
Jun 07 2010 at 10:18
Hi Shorty,
that's difficult to say. I don't have that 'risk per trade'. One trade can have several entries but I try to cap the drawdown at 20-30%. I don't dislike shorts. I sometimes go long Yen if I see the opportunity but I don't want to go short after the move. ;) My primary timeframe is the daily. MarginCall, thanks! :) |
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Member Since Aug 05, 2009 73 posts
to_ul
Jun 08 2010 at 20:33
good luck :)
trading is passion |
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Member Since Dec 06, 2009 9 posts
ShortyFX
Jun 17 2010 at 05:48
Hi Martin, gooood run, wtg! Which timezone is your timestamp, how is the delay to GMT or MEDT? When your run goes on further with this success you will be a millionare in a year. :-) Seems that you test sometimes your leverage limits, is it so?
thx & bye ShortyFX Stops are in - emotions are out! Stick to the system! Follow the rules! Disciplin, patience, consistency! |
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Member Since Sep 09, 2009 20 posts
Martin Leidel (Xaron)
Jun 17 2010 at 08:57
Yes I sometime put in some huge trades but always with a stop loss of course.
Today I tripled my account within the first month. Amazing! The timestamp from Oanda is EST so you have to add 5 hours to get GMT. I live in GMT+1 (MEZ) so I have to add 6 hours. |
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