SWING EUR/JPY (by olive10000) Rýchle štatistiky
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Členom od Mar 28, 2011  1008 príspevkov ForexScam Apr 16 2011 at 20:48
Nice work Ranesh -

A quick look at the Drawdown vs Monthly gain could have summed up this traders habits for myself.

If your DD exceeds your Monthly Gain , you need to rethink your approach


Členom od May 06, 2010  41 príspevkov olive10000 Apr 19 2011 at 12:18
I am going to answer point by point as it is full of mistakes :

1-None of this account were blown (and I don’t know where you can see this  )

https://www.myfxbook.com/members/olive10000/eurjpy-breakout/32104 >> Account blown and deleted from myfxbook DEMO ACCOUNT, with 15% risk , closed with 200% abs.gain

Real account at OAnda, since Oanda is not accepted, account is closed, my own money

this never been traded, my own money

2- I started this account with 2000 euros, with a 20% risk. ( very aggressive I agree, but this is my money and my experiment)

 As you can see on the profit chart, this account has only be negative for the first trade, and then it was in profit, then came back to 0 in October, and then went up again.

3-I haded 6000 euros and the reduced the risk to10% per trade (on this point you were right ranesh). I simply follow my money management rules.
I open 2 positions at a time, with the same SL, and one with a TP(same distance as the SL).
Simply money management, that RANESH obviously do not use.

4-on 30 SEPTEMBER I had a blance of 1874 euros, and according to my MM (20% risk) I open a position, where I could loose maximum 375 euros, the position was stopeed, and I loose 382 euros. So evrerything was according to my plan.

5- I won 52% with a 220 pips winning position, still according to money management rules. I open 2 positions at the same time, one with SL and TP, and the other with SL, So if prices goes against me, I know my loss, but if the price goes in my direction, I take the TP on the fiorst position, and let grow (with a manual trailing stop), till the end of the trend . that is how I managed to win 220 pips.

6- on the 6th January, if you check it good, RANESH, it was 5.2 lot and not 9 lot (you have tomake the sum fo sell and buy) , this is still accordaing to money management rules.

My trading plan is clear and I have no problem to share is whoever wants it, I have nothing to hide, my trading record is open for everybody. AND yes Ranesh TRAding is risky, its an aggressive investment, but if you make it with rules, you will win in the long run.
At least you had your chance to comment my trading because of my 100% open trading book.

Let see if you have the strength to do it too. Or maybe you want to keep the secret of your 69% equity………….. 

Keys for forex success:PATIENCE and money management!

Členom od Nov 18, 2009  735 príspevkov speki Apr 19 2011 at 13:31
Guys ... this is a public forum so let me say ... you two are running different shops. One still has a few packs of last year's marmelade in the storage room while the other likes to buy hot issues agressively. One is a longer term trader and one is more like a daytrader. Nothing wrong with that.

Let's face it, you two have spent some time in the meat mincer which means your chances of survival are getting better every day.

Two such fine young men flaming each other, such a waste.

And let me add, GAMBLING is nothing wrong if you look at the definition:


<i>a : to play a game for money or property
b : to bet on an uncertain outcome</i>

Aren't we just playing a game with all those numbers, betting on an uncertain outcome? Sure we are.

Forget about grandpops who lost the familiy jewels in the casino, forget that pisshead Uncle Joe who lost the house playing cards ... in its simplest meaning, gambling is nothing bad ... a gambling addiction, coupled with other addictions, IS bad ...

Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.

Členom od Sep 14, 2009  87 príspevkov Join and Enjoy Thousands of Effort Free Pips (moneybotfx) Jul 07 2011 at 18:59
I can't believe that after a non profit period you let the equity in profit go unrealized...
Redefine you exit strategy!


Členom od May 06, 2010  41 príspevkov olive10000 Jul 09 2011 at 11:36
Thanks for the advise... but:

The exit strategie is well define: it has been a exit together with a new trade ( a looser) during the same day.

Keys for forex success:PATIENCE and money management!
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EURUSD 1.19656 GBPUSD 1.33249
USDJPY 104.376 USDCAD 1.29755







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