Damien1881's Posts

Intraday Trading is gambling in New Traders Jun 07, 2017 at 12:30

@ togr and rob559 - I've update my live account that I had abandoned, just for these MM's trying to discredit me while promoting yourselves, I didn't blow it, I had ignored it. To ASSUME is to make an ASS out of both U and ME I did many courses years ago and wanted to point out that Andrew Mitchem from FPA uses and teaches his method of Technical analysis only, no fundamentals involved, I've met others, Trade empowered as another example also teach technical analysis -https://tradeempowered.com/the-fundamental-myth/, All I've learn't from INTRADAY TRADING IS GAMBLING IS...

Intraday Trading is gambling in New Traders Jun 03, 2017 at 03:25

Sorry wont be updating live accounts here, I don't plan on Managing so is it really worth my risk to share financial info. I'm still here and that was 3 years ago, don't you think I might have learnt in my 8+ years of trading, I doubt I'd still be here if I hadn't. I'm happy not not share or participate in you thread if you desire.

Arrogant advice in New Traders Jun 02, 2017 at 08:49

Was just an observation of my positions at the time, Like rob559, I struggled for over 5 years, now I do my own thing without outside influence. I agree that I'm wrong to have made such a statement.

Intraday Trading is gambling in New Traders Jun 02, 2017 at 03:05

I don't Gamble. I have a plan that I created and it makes money consistently, I have an edge, I call it a Business.

Intraday Trading is gambling in New Traders Jun 01, 2017 at 14:30

For me, intraday trading did not work. Stops always got run over so now I start with monthly and work down but don't go below 4hr.Most of us and predict the movement for a couple of pips most of the time, do it on the monthly and you get a couple of hundred! I check my charts once a day looking for entries or to close profits and that's it. My positions are very small in comparison to most so I don't have to use stops and now I always win.Stress free and positive results.*If I wanted to trade intraday now it would only be with an ea that uses multiple time frame analysis.*

Arrogant advice in New Traders Jun 01, 2017 at 14:13

Easy way to NOT be a part of the 95%. Look at the traders sentiment on this site and do the opposite, I just checked my own trades and have gone against the majority, do the opposite to everything the Gurus teach and you can make it work.

NEW Traders beware the EASY ROAD to riches! in New Traders Oct 19, 2015 at 05:30

Most pairs will move more than 50 pips in the London session, and there isn't many that don't have a daily range of more than 100 pips. If you have a 10K micro account and open a position of 10c, you can use cost averaging and it would be very hard to break the account even with government intervention creating a 2000 pip move that slipped all orders like the CHF did not to long ago. I do agree with taking your profits regularly if you trade using the leverage you do.My goal is to trade millions of my own and manage even more for clients, the only way I believe this can be achieved is ...

NEW Traders beware the EASY ROAD to riches! in New Traders Oct 19, 2015 at 04:53

What works for me is looking at the price movement in the time periods, so when i'm looking at the monthly weekly and daily chart of a pair and all of the larger candles are going down, i'm confident when I go short.

Damiens Live in Trading Systems Oct 01, 2015 at 02:01

Accepted a loss on my remaining trades to liquidate the account. Didn't do my stats any good but don't really care at the moment and they are still better than the majority of traders around. I'm not the best yet but it's my goal/ambition:) Will be opening a new live account soon with an Australian ASIC regulated broker in AUS currency, if your following my work:)I want to dump the USD as my base currency due to my fears that the quantitative easing, printing money, inflating prices will eventually cause a collapse, Aussie is doing a good job in the race to devaluation without ...

What's the best way to trade Martingale Forex Trading in Experienced Traders Sep 04, 2015 at 05:44

I have my own recovery method for my manual trading system, not sharing anymore than that about what I actually do but for those that say no - www.myfxbook.com/members/Damien1881

What indicator you use for scalping? in New Traders Aug 31, 2015 at 17:14

Sorry Ben I disagree, for me Fundamental analysis is still very speculative, different traders have different opinions on where they think the market should head on the back of a new release, that might or might not influence the longer term trend or just cause that temporary correction. There are many ways to trade, I don't use fundamentals and wont be! Your basically stating that I'm a "gambler" which isn't the case when I have an edge, have consistent results and am profitable. I've studied hard, tested for hundreds if not thousands of hours, and open my positions ...

Demo vs Real. in General Jul 28, 2015 at 21:49

Thanks, I overlooked news slippage, I think we all remember the recent CHF spike, I think I overlooked it because I use limit orders basing my entries on daily and weekly chart / technical analysis, so for me, the slippage actually gives me a better price on a live account which would only improve my results compared to demo testing. I don't use stops but instead a very conservative lot size grid set based on the ADR of that pair. As I'm able to Vouch you'll have my vote.

Demo vs Real. in General Jul 28, 2015 at 12:11

If your trading Longer time frames like daily and weekly I don't think it matters does it? it's only really a relevant issue for intra day and scalpers, please feel free to correct me if I'm wrong?

What indicator you use for scalping? in New Traders Jul 20, 2015 at 07:27

@ tomalf66 , The daily charts, I do look for confirmation on the weekly, and now wait for London for better entries on the 4hr. Multi time frame analysis. I manage positions on the 4hr, locking in profits using structure breaks to trail the high/low swings.

Forex Scalper Pro in Trading Systems Jul 20, 2015 at 05:28

Just went to the linked site and in ForexProScalpers defense, it states on his site that it can repaint, it's just an indi to add to a system for early entries not a complete system in itself.

Forex Scalper Pro in Trading Systems Jul 20, 2015 at 05:14

You also have to be aware that when using MT4 strategy tester, if you load a repainting indicator while the historical data is loading it will show as the perfect non-repainting indicator.

Damiens Live in Trading Systems Jul 20, 2015 at 05:07

Hi, I'm looking for some feedback about my system without revealing any more than what's displayed here. I've done a lot of testing and the demo account that's also available for viewing, was my final test. Made a couple of last tweaks and went live, sorry the history is still short- the reason I mentioned the demo:) I eventually want to become an AFSL money manager to try and get back some of what I've lost over the years. Of course as a manager I'd scale the risks down which in turn would lower the reward.Just looking for some professional opinions on anything that st...

What indicator you use for scalping? in New Traders Jul 06, 2015 at 00:21

Thanks, these comments as harsh as they may seem, will help newbies avoid buying into a dream, the sort of things I bought into years ago. To be fair - does say on the site that the indicator can repaint, I don't think many people seeing this perfect looking indicator realize that there is so much more to this system than this single custom indicator.My personal opinion is that a repainting indicator can give you an earlier entry when trying to buy low and sell high, but there needs to be a lot more information/ tools used giving prior sentiment.I use candles and a couple of mt4 indicators...

What indicator you use for scalping? in New Traders Jul 04, 2015 at 06:09

I'd just like to add that I've also done the workshop and went on to do their full course on harmonics and advanced patterns, one of the real courses I've done, meaning it's not a scam and they can really trade, I joined the trading room with Akil Stokes and watched him make over 900 pips in a month live on a real account, it was definitely worth the investment. Also like to add that I to have no affiliation with the company.

IC Markets in Brokers Apr 24, 2014 at 14:04

I have as much right to post and share my opinion on line as you or anyone else, I don't want to talk to you Roller, I'm posting as I do not agree and want people to know that you are wrong to accuse this broker as a scam.I do not work for them and have no affiliation at all, I am just a client who lives 600 km away from their office.All I'll add is that people make a living trading as clients of this broker. That's it for me, good luck with your trading to all, I'm unsubscribing.

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Posts by Damien1881