Geereg's Posts | Myfxbook

Do you think you can turn $200 into $400 in six weeks? in New Traders Nov 16, 2012 at 19:55

@ Salty..Holy S#$%t!That graph is so sick!! Lol!!! Hopefully, I can get my graph to look like that one day. This is the year I finally got consistent results. So, I am not worrying to give too much back. The real money I was trading got caught up in the Peregrine scandal. The funny thing is that the US doesn't want its citizens to trade offshore, because of lack of protection, but they can't guarantee us protection from our own brokers.Yeah, I tried everything to get myfxbook stats to update. One day, it just stopped reporting. Nothing seems to get it to work. Maybe it is somet...

Do you think you can turn $200 into $400 in six weeks? in New Traders Nov 16, 2012 at 16:09

Hey Salty! I knew your name sounded familiar. A few months back, I was trying to find a way to trade on mac and I came across your youtube video. Good looking returns! I too have hit the 100% before six weeks. For some reason, my stats won't update on here over the past 2 weeks. I am currently over 300% return, but that can change in a day now, lol... But, you can check out my profile at FF.http://www.forexfactory.com/zerosumgameI am actually about to close my account and go back to futures trading. Dodd Frank has got me by the balls.

Contest FXCM 15 November in General Nov 07, 2012 at 16:02

Does anyone know if a US citizen wins, if the prize will be forfeited?

Zero Sum Game in Trading Systems Nov 07, 2012 at 14:56

For some reason my stats won't update. I have tried to reset and it still doesn't work. Does anyone know how to resolve this issue?

Trying to become a full-time trader in General Oct 27, 2012 at 22:33

Ultimately, there is no official blueprint to becoming a consistently profitable trader. Every approach is different, and it is important to understand that the method must be aligned with the psychology of the trader. Regardless of style, I am sure every successful trader will agree with the following three statements.1. Price action WITHOUT indicators should be the core of your trading strategy. There will always be dichotomous viewpoints on its veracity, but one MUST master these essentials. Indicators are ancillary to price action. One SHOULD NOT get lazy by looking for indicators to ...

Trying to become a full-time trader in General Oct 26, 2012 at 20:21

When I first learned to trade, I focused on primarily daily charts. Trades took for ever to manifest, but it allowed my brain to process what I was seeing. Then, i gradually scaled down to 4hr, 1hr, 15m, 5m as I became comfortable with price action. Because of my schedule, I only have about 4 hours to day trade in the morning, so I primarily use 5/15 minute charts. But I only day trade gold. I still use the larger TFs(1Hr+) to trade other currency pairs. If you are just learning price action, start with daily and 4hr charts. Your brain needs time to process what it is seeing. When you&#...

Zero Sum Game in Trading Systems Oct 26, 2012 at 19:34

I made a few videos of me day trading. They have been edited down to 2-3 minutes apiece. I think there is a total of 7 or 8 videos. I figured no one would be interested since I trade 100% manually, but it is there to be watched if anyone is interested. Let me know if anyone wants the link. I recorded just about every trade over the past week or so. 12/13 profitable trades. Just over 300 pips in profits.Btw, I am not selling anything! I started to record my trades for a few of my classmates, and I just thought it would be good idea to share with those who may be interested.

Do you think you can turn $200 into $400 in six weeks? in New Traders Oct 25, 2012 at 16:34

Right! That's why I say doubling $200 is significantly different from doubling $200,000. One may say theoretically they are the same, but that statement would be false. First of all, with $200, you can obtain a huge amount of leverage. But with $200,000 your leverage will be significantly less. Secondly, psychologically, it will be way harder to trade aggressively with that much capital. I don't care if you are George Soros, I doubt he would sling around $200k like it is $200. That is why I my original answer was within the scope of the question. If he would have phrased the que...

Zero Sum Game in Trading Systems Oct 25, 2012 at 13:08

Thanks youngchang!I am still working out the kinks in this approach. If it tests well in the long run, I might be interested in setting up something. But, as of right now, I am still in the "financial lab", lol... Btw, I have found one reputable service which allows trades to be copied from one account to another with no download. The only thing is that it costs about $30 per month. Not bad though, imo

Zero Sum Game in Trading Systems Oct 24, 2012 at 21:48

The only way to accomplish this is by using a trade copier. Posting signals via email or website isn't optimal because of the short term nature of day trading. Do you know of anyone who has done this effectively and efficiently?

Zero Sum Game in Trading Systems Oct 24, 2012 at 14:50

I sent you a message

Zero Sum Game in Trading Systems Oct 24, 2012 at 14:27

Do you mean like a signal service?

Do you think you can turn $200 into $400 in six weeks? in New Traders Oct 23, 2012 at 23:01

Hey, i don't want to get into an argument here. ChallengeFX, you seem to be an intelligent person. Believe me, I am not being sarcastic. But, you say that you are "not showing me disrespect" by your comment. But, in a way you are. How do you know that the "only aspect that Greg understood..." You don't know who I am? Well, do you? Sorry, I hope I didn't offend you. But, I don't like it when people say what I know or what I don't know. I would never so that to you. Because I don't know you. The only thing I know about you is that you don...

Does your Forex Broker... in New Traders Oct 23, 2012 at 17:50

I agree with you James. Most people tend to focus on the majors. However, I do not. I adjust to market dynamics as they occur. For instance, I have been day trading xau/usd and xag/usd with a high success rate. Since the US economy has turned to crap a few years back, an increase in volatility has manifested in metals and other commodities . This is awesome for day trading. But, it is a BEAST! Trader beware for sure. Obviously, your trading approach is the ultimate factor. Bankroll, availability, time zones, and time frames all play a part in your approach. I heard stories of GBPUSD use...

Zero Sum Game in Trading Systems Oct 19, 2012 at 16:20

My personal gold trading strategy. Very profitable for me. Trading is 100% manual. I am looking to meet other traders to continue to learn and grow.

Safer Trading Gold!!! in General Oct 18, 2012 at 22:34

Blazan, I agree with you 100%. People don't realize that central governments (especially the USA) have created the biggest ponzi scheme of all! Madoff who? Think about it. The government guarantees its debt by paying interest on T-Bills and T-Bonds. When it is time to pay the interest, they reissue debt to cover the old debt. Hmmm!!! OK. This sounds like Madoff! The government is the biggest hypocrite of them all.But we have a huge problem. There has been so much damage, the only thing we can do is delay the inevitable. If we change now, the whole system will collapse overnight. Als...

Only Real Money-Making Traders Apply in New Traders Oct 18, 2012 at 22:10

Coming from a stats background, I realized early in my trading career that besides the psychological barriers, trading is a simple mathematical game. Even, if you don't realize it. It is important to understand how risk/reward and win/loss frequency ties in with your overall performance. In probability, the term is called "mathematical expectation or expected value." Once you understand the basics of this simple logic, you should learn how to trade within those parameters. Whether it is scalping, swing trading, or position trading, if your strategy isn't profitable accord...

Do you think you can turn $200 into $400 in six weeks? in New Traders Oct 18, 2012 at 21:17

This is easily attainable if you compound 2% daily for 30 (6 weeks x 5 days/wk.) days. Or you can just do a simple return of 3.3% per day. However, this gets psychologically harder with something like turning $200k into $400k.

USDCAD	1.37787	USDJPY	157.921	GBPUSD	1.24718	EURUSD	1.06555	GBPJPY	196.96
EURGBP	0.85403	EURCHF	0.98065	EURJPY	168.301	USDCHF	0.92026	AUDUSD	0.64673

Posts by Geereg