TrackRecord (By CuongVC)
The user has made his system private.
TrackRecord Discussion
Nov 11, 2011 at 20:31
(edited Nov 11, 2011 at 20:32)
The account is in pretty good shape now.
Thanks for all the good luck.
Just withdrawed $10,000. You can see that I not only deposit but also withdraw.
Thanks for all the good luck.
Just withdrawed $10,000. You can see that I not only deposit but also withdraw.
If you can prove that you can make money grows, tons of money will flow to you.
Nov 15, 2011 at 17:00
you are in serious need of your luck again.
If my guess is right, you have around 10-15 lots of open long EU positions which is currently at loss of 30,000 dollars on paper.
you have to throw in more money to maintain that position if 1.35 doesn't hold
If my guess is right, you have around 10-15 lots of open long EU positions which is currently at loss of 30,000 dollars on paper.
you have to throw in more money to maintain that position if 1.35 doesn't hold
Nov 15, 2011 at 17:51
(edited Nov 15, 2011 at 17:51)
All traders have to bet on his guess. I bet on not the next move but on how bad it can go against me. Then I will need to take neccessary action to survice.
The method defenitely has room to improve.
The method defenitely has room to improve.
If you can prove that you can make money grows, tons of money will flow to you.
forex_trader_32776
Member Since Mar 28, 2011
1008 posts
Nov 16, 2011 at 15:32
Looks like the 10k deposit didn't help much. Liquidation is starting to take place to save the account considering that the account is at 40% equity.
Nov 16, 2011 at 17:32
I think he needs to keep equity value above roughly 15,000 to avoid margin call on his open EU long position, so there is not much breathing room.
If my calculation is right, when market dips below 1.3430, he will have to either deposit more money or liquidate again.
As a trader from southeast Asia, I really hope he could survive this, but, man, the odd is not looking good.
If my calculation is right, when market dips below 1.3430, he will have to either deposit more money or liquidate again.
As a trader from southeast Asia, I really hope he could survive this, but, man, the odd is not looking good.
ForexScam posted:
Looks like the 10k deposit didn't help much. Liquidation is starting to take place to save the account considering that the account is at 40% equity.
Nov 17, 2011 at 20:54
(edited Nov 17, 2011 at 21:08)
If you could survive this, I would strongly suggest you apply your strategy on EUR/GBP, which is much more likely to bounce around in a small range. Oanda has a very tight spread (1.0-1.4) on that pair too.
Nov 23, 2011 at 20:14
range bounce trading strategy is working pretty well in EUR/GBP pair. I have been doing that for years.
sorry for your loss, take some days off, you will do better next time.
I blew up 2 accounts before I started to make money consistently
sorry for your loss, take some days off, you will do better next time.
I blew up 2 accounts before I started to make money consistently
forex_trader_36599
Member Since May 13, 2011
1341 posts
Dec 02, 2011 at 12:54
on Oct 27 I sent him a PM to close all trades and flatten or his loose will be dramatic soon. I am regret to say that his account most probably blown.
biorjin79 posted:
no more update????
Hope he survived this.
forex_trader_32776
Member Since Mar 28, 2011
1008 posts
Dec 02, 2011 at 13:00
I doubt it. He was quite persistent when his account was alive before EU dropped below 1.3400. He overleveraged and busted the account. Last update at 38% equity.
forex_trader_32776
Member Since Mar 28, 2011
1008 posts
Dec 02, 2011 at 13:03
walker36 posted:
on Oct 27 I sent him a PM to close all trades and flatten or his loose will be dramatic soon. I am regret to say that his account most probably blown.
biorjin79 posted:
no more update????
Hope he survived this.
agreed. he should have closed at 1.4200 when he was ahead. but insisted on miracle P/L figures.
forex_trader_36599
Member Since May 13, 2011
1341 posts
Dec 02, 2011 at 13:03
hope he survived and come back. I wish good luck
forex_trader_1819
Member Since Oct 18, 2009
230 posts
Dec 19, 2011 at 14:34
Sorry to see this Cuong. I remember our chats about trading small to win. It's been a tough year for most I would say.
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