SharePosts by FXTopGunTrading
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20-40% performance fee (with high watermark) for Forex traders In Experienced Traders Oct 02 2011 at 15:19
Hey Remus
I have decided to not place any more trades in my demo acct and to start posting from my real acct, it just doesn't make sense for me to continue trading in demo-mode.
Good Trading To All
Ben Williams/FXTopGunTrading
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Wed, Sept 28th 2011
Trade Style Update: Short Term Trend Trades
The trade method is a technical trading method based on a set of multi-moving averages that functions as a cross-over system that analyzes the structure of price and it's buy-sell pressure: This Is A FX TopGun Trend Trading System.
Trades can remain open 10-20 days or less (some times a little longer when looking for a big move) with a potential high drawdown occurring during retracements from the Trend of between 250 and 550 pips per open position (Max Open Trades: 5 to 7 max). Efforts are made in an attempt at kee......
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Wed, Sept 28th 2011
Hey Traders, just wanted to let you know that I most likely won't continue trading UsdChf and GbpChf, I will stay with my core currecny-pairs: EurUsd, GbpUsd and GbpJpy...
Trade Update: My best guess is that my open positions will remain open until Oct 15th 2011, yeah a nice wait but like I said a few post back the Feds and ECB is making this trade last a little longer than anticipated. The trades where based upon technicals and that the Feds and ECB (and a couple other agencies) would pull together and create a turn around late Sept but I can see that I was wrong o......
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Thur, Sept 22nd 2011
Not many traders or investors are happy about the Fed's decision as of yesterday to conduct Operation Twist. Because of the Feds and the ECB I will be holding my positions a little longer but the pay-off should be good. Anyway, I have learned a few things while trading: 1) Don't pay much attention to the talking heads on tv, 2) Price-Action is the real story where everything is built into the price, 3) Follow your trading plan, don't go off course, 4) A real Pro-Trader doesn't panic, ever and 5) Never fight the FED...
The market was down the day of the Fed's announ......
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What I meant was, DD to the successful trader is like added cream to a good cup of coffee or like hot apple pie with ice cream. Hot apple pie is good by itself but becomes even better when ice cream is added.
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Thur, Sept 22nd 2011
Hey Traders, thought I would speak a little about my trade method, so to help possibly answer a few questions you may have had but have not asked.
First, the trade method is a short term trend trading system that is geared towards forex but can be used on stocks, indexes, futures, interest rates, bonds, etc... I personally have no need to return back to trading e-minis even though I very much loved trading the nasdaq 100. The cost of trading forex is far less and the trending power of currencies is far stronger than most other markets.
Short Term Trend Trading......
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Hi Smart_Hasan
Yes, I follow price-action on the 4hr and daily time frame based on a cross-over system that I develope. The objective for me is to capture 100 pips on every trade and just in case you might ask, yes I have tried my best at creating a shorter time frame system, yet I can't seem to put one together that's super-stable, small risk per trade and of course a small dd.
Ben Williams/FXTopGunTrading
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Sat, Sept 17th 2011: 2:50pm New York
Trade Update:
Hey Traders, this past week was a little rough and I wasn't able to open as many trades as I would like to have done but all in all, it was a good week ( profit was generated, with a low number of losses ).
As you may have notice I added UsdChf and GbpChf to the list of currency-pairs I will trade and I did such because of the down-time I had waiting for a EurUsd trade set-up.
Good Trading To All
Ben Williams/FXTopGunTrading
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Wed, Set 7th 2011: 9:00am New York
Trade Update:
Hey Traders, currently I'm waiting for the next trade signal. It seems obivous that EurUsd and GbpUsd (the main currency pairs I trade) are in a down trend and why not just short the heck out the market...lol Yeah, well we all know a trader must follow his trading plan, sticking to the strategy is key.
I never know how long before the next trade signal is generated, so I'm just watching and waiting for now.
Ben Williams/FXTopGunTrading
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20-40% performance fee (with high watermark) for Forex traders In Experienced Traders Sep 04 2011 at 00:48
Hey Remus
Ben of FXTopGunTrading, thanks for adding my system to your watch list and explaining the Pip Expectancy/Ratio. Yes, I understand I have only one month of data for you to look over and that more time and trades are needed, no problem. I will continue posting my trades here at myfxbook.
Thanks...
Ben Williams
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