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$500 to Freedom (500 to 5,000 in 1wk)
Predchádzajúce 1 2 3 4 5 6 7 .. 10 Ďalší
tylerbose

Členom od Oct 18, 2011  39 príspevkov tyler (tylerbose) Nov 07 2011 at 15:45
nothing is impossible !

if you can't make at last 12 winning trade in a row you'r probably a bad trader who doesn't have clue of what market analysis is
trading is not gambling !

i build the 12 trade strategy when i was a beginner in forex , i still believe that it is 'theoretically' achievable , can i do it ? no , i wouldn't be able to handle the risk and i don't think that anyone can ,
and btw , i'v been able to make more than 1200 pip win in a row so yes it possible but i'm more comfortable risking 2% of my account than 100% on each trade .




Splexin

Členom od Apr 11, 2011  202 príspevkov Splexin Nov 07 2011 at 19:56 (upravené Nov 07 2011 at 19:57 )
.....I'm going with TheCyclist on this one. The fact that he blew through 250K should be the prove point eek

If it were 'possible' one of the gambling noobs would've hit it by now and be famous. Retail forex has been available since 1997, almost 15 years ago now. Makes you go 'Hmmmm, so in all those 15 years something like this hasn't worked?'

I reiterate my statement that demo and live trading are two very different things. Theoreticals and hypotheticals don't pay the bills, either.

tylerbose

Členom od Oct 18, 2011  39 príspevkov tyler (tylerbose) Nov 07 2011 at 23:09

   Splexin posted:
   .....I'm going with TheCyclist on this one. The fact that he blew through 250K should be the prove point eek

If it were 'possible' one of the gambling noobs would've hit it by now and be famous. Retail forex has been available since 1997, almost 15 years ago now. Makes you go 'Hmmmm, so in all those 15 years something like this hasn't worked?'

I reiterate my statement that demo and live trading are two very different things. Theoreticals and hypotheticals don't pay the bills, either.


i totally agree with you demo and live are completely different , i know a guy who can double his account every month in demo , but he blew up 4 live account using the same strategy , when you trade live emotions and fear starts to kick in , you close your trade too soon , you may panic after a loss and start trading at the wrong time sad]

TheForexFox

Členom od Nov 02, 2011  57 príspevkov Ken (TheForexFox) Nov 07 2011 at 23:20

   TheCyclist posted:
   No tylerbose,

It is impossible.

As you just re-iterated. Run your 12 trade thing. Prove me wrong. And you as well Ken, go live, show me how this works.


PipGnostic-How did I get involed with this thing ?

Trade the plan that works for you!!
TheCyclist

Členom od Feb 07, 2011  724 príspevkov PipGnostic (TheCyclist) Nov 08 2011 at 00:16
Ask Tylerbose Ken.

Trading fx is about not taking risks, it's about managing risks, as you're on 50:1 minimum. You guys are talking about actively seeking risk. It's just rolling dice. Sometimes you'll get lucky, most of the time not. Got nothing to do with trading or trading systems. It's just gambling.

I can probably pull it off as I know my markets so well by now, but what is the point? I can't build a future on it. You'll always be just a few trades away from losing everything.

Show me your pips!!
TheCyclist

Členom od Feb 07, 2011  724 príspevkov PipGnostic (TheCyclist) Nov 08 2011 at 00:24 (upravené Nov 08 2011 at 00:24 )
I used to operate like this years ago trading warrants (highly leveraged with time decay). Always went for the big score, put down 5k Monday, by Friday it's 50k. Beers on me...!! Ya - we all know how that ended, no beers at all.

Good 11 years later I can see how futile that was, now days I spend my hours trying to get rid of risk, my NAV increases more than a fraction I &#@#$ in my pants as I have to much risk on the table.

It's very simple, you can lose it at the same pace you making it. The more your NAV moves around the less likely you are to stay in the game.

Show me your pips!!
TheForexFox

Členom od Nov 02, 2011  57 príspevkov Ken (TheForexFox) Nov 08 2011 at 01:11
I must of missed something. My risk has been all day and all this week is going to be 1.75 to 2% ( now last week when I started 20%) I would not do with a live account, This other thing about 12 wins in a row, sure I've done it, but it just happens with a good system. Can I profit the next 12 trades in a row maybe, maybe not I would not risk my whole account to find out, that is as PipGnostic said 'just rolling the dice' I'm in forex to support my family, pay my bills, not to take very high risk.(I will take some)
So again I don't know how I got dragged into this 12 thing but I would not put my whole account on each of the next 12 trades.

Good luck all

Ken- TheForexFox

Tylerbose-hang in there, practice=profit smiley

Trade the plan that works for you!!
TheCyclist

Členom od Feb 07, 2011  724 príspevkov PipGnostic (TheCyclist) Nov 08 2011 at 02:41 (upravené Nov 08 2011 at 02:42 )
Right, so then, we all agreed that 500 to 5000 in a week is nothing more than a roll of the dice?

Show me your pips!!
TheForexFox

Členom od Nov 02, 2011  57 príspevkov Ken (TheForexFox) Nov 08 2011 at 03:22
Correct, but done with a plan-No I did net expect 5,000 to happen but I did expect a profitable week in working my plan, (system)
  I expected 300 to 500 profit not 5000. I do avg 88% wins in my system so I was pretty sure I would not of blew the account. Just wanted to see what would happen if I started with only 5 trades, the 5 being if I loss the first 5 trades I would of blown the account 100% (5x20%=bye-bye)

Trade the plan that works for you!!
tcruzn

Členom od Aug 22, 2011  6 príspevkov tcruzn Nov 08 2011 at 03:45

   TheForexFox posted:
   I use the 1min & 5min charts with two Stoch 5,3,3, & 8,3,3, and a custom Macd that you can down load here.

http://www.fxstreet.com/platforms/addons/51d6028b-77de-4019-9873-a2e7ccccb915

I do have to babysit my trades for now, I live in USA so i get 50:1 leverage. I only trade .50 lots in Eur/Usd, and try to limit my stops to 12pips, as you can see that is $60.00USD (but sometime I'll let it run higher if all indicators my guess is right,just to early)
 feel free to try it and let me know how your doing.

P.S. Thanks for input guys wink
TheForexFox
System-- $500 to Freedom


Ken,
based on your system, which chart are you placing the Stock and Macd. Also, for the stoch line what is the level and range.

Thank you

Whenever there is chaos; There is opportunity.
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