Do you think you can turn $200 into $400 in six weeks?
Member Since Nov 21, 2011
1718 posts
Jun 17, 2014 at 21:02
* a lot from other traders
Now prepare 1K USD... you are going to loose it!
Now prepare 1K USD... you are going to loose it!
Jun 17, 2014 at 21:05
CrazyTrader posted:
Lol now he is challenging me for 1KUSD prize!
Demo Account 20 winning trades in a row. I'm not a scalper I will show you!
You want to add difficulties?... force to trade
Trade the trend... you talk about newbies that bought eurusd while it was going down!
I even suggested a short trade in the middle of the entire retracement.
Now last Long signal was well anticipated by the 'M' Pattern 2 weeks before it hit support @ 1.3500.
Guess What? Again a swing trade 100% into the green territory!!!
Lol. You want to win the contest... just follow my signals... get a ride for 150 pips and forget about opening 50 trades
Very Good analysis.
forex_trader_136673
Member Since Jun 28, 2013
852 posts
Jun 17, 2014 at 21:15
CrazyTrader posted:
Lol... this is a forum, where you could learn
What exactly we could learn I would like to know.
Member Since Nov 21, 2011
1718 posts
Jun 17, 2014 at 21:19
Learn from each other... level up!
Sharing experience!
Not being stubborn about a ridiculous pip drawndown theory.
Sharing experience!
Not being stubborn about a ridiculous pip drawndown theory.
Member Since Nov 21, 2011
1718 posts
Jun 17, 2014 at 21:21
Hang on for a while...
He will tell about in a moment!
He will tell about in a moment!
forex_trader_136673
Member Since Jun 28, 2013
852 posts
Jun 17, 2014 at 23:02
LOL.
Yeah, let's focus on pip drawdawn.
Yeah, let's focus on pip drawdawn.
Member Since Apr 14, 2013
402 posts
Jun 17, 2014 at 23:04
I know you would love to know more about why MOST OF MY TRADES have a high Reward ratio compared to risk. To fiqure that out you would simply have to LOOK AT MY TRADES. Once you do you'll find patterns in my trading history. Identify the pattern and you will fiqure out about how to keep your a Pip-drawdown low.
Focus on pip-drawdown
forex_trader_136673
Member Since Jun 28, 2013
852 posts
Jun 17, 2014 at 23:06
Yeah, lets fiqure
Member Since Apr 14, 2013
402 posts
Jun 17, 2014 at 23:10
bewayopa posted:CrazyTrader posted:
Lol now he is challenging me for 1KUSD prize!
Demo Account 20 winning trades in a row. I'm not a scalper I will show you!
You want to add difficulties?... force to trade
Trade the trend... you talk about newbies that bought eurusd while it was going down!
I even suggested a short trade in the middle of the entire retracement.
Now last Long signal was well anticipated by the 'M' Pattern 2 weeks before it hit support @ 1.3500.
Guess What? Again a swing trade 100% into the green territory!!!
Lol. You want to win the contest... just follow my signals... get a ride for 150 pips and forget about opening 50 trades
Very Good analysis.
Yes good analysis AFTER the fact. Now the question is did he make money from this? Of course not as he doesnt trade in a live account. Si SuperNoobie are you going to come take this 1k or what?
Focus on pip-drawdown
forex_trader_136673
Member Since Jun 28, 2013
852 posts
Jun 17, 2014 at 23:12
We have to fiqure this too.
Member Since Apr 14, 2013
402 posts
Jun 17, 2014 at 23:42
Ok lets look at the trades of Codemonkey.... It is clear to see that CodeMonkey isn't scalping. What he is actually doing is wagering very small lots, to counter trade the price action which lead to the price. Have a look at some of his floating losses. What do you notice?
Notice that he is placing .01 orders against his pair of choose, but notice the amount of orders. Also look at the time, and the price of the currency as he continues to add orders.For example he sees that price is moving up, and because he has a perceived idea that the price above is 'resistance' he will place counter trades of the short term trend (in this case the move up) every .1 or every 1 pip apart. Ladies and gentlemen his system isn't special at all. If all of a sudden the market decides to trend hard, he will end up losing 100-200 pips in about 2 days, and although his dd % will be LOW (because he is placing .01 wagers in a 5k account) it will take him a very long time just to break even.
Notice that he is placing .01 orders against his pair of choose, but notice the amount of orders. Also look at the time, and the price of the currency as he continues to add orders.For example he sees that price is moving up, and because he has a perceived idea that the price above is 'resistance' he will place counter trades of the short term trend (in this case the move up) every .1 or every 1 pip apart. Ladies and gentlemen his system isn't special at all. If all of a sudden the market decides to trend hard, he will end up losing 100-200 pips in about 2 days, and although his dd % will be LOW (because he is placing .01 wagers in a 5k account) it will take him a very long time just to break even.
Focus on pip-drawdown
Member Since Aug 19, 2013
182 posts
Jun 17, 2014 at 23:48
Master_kiwa you don't understand what I'm doing, please don't try to explain it.
Viva La Puerto Rico!
forex_trader_136673
Member Since Jun 28, 2013
852 posts
Jun 17, 2014 at 23:49
Did you fiqure this one yourself?
Member Since Aug 19, 2013
182 posts
Jun 17, 2014 at 23:50
It's a stepped into trend strategy. And for the record. Im trading ahead of you at the moment.
Viva La Puerto Rico!
Member Since Aug 19, 2013
182 posts
Jun 17, 2014 at 23:51
You are showing previous trades on your account counting towards your account growth. Adjust the time from monday session and you will see you are behind me.
Viva La Puerto Rico!
Member Since Aug 19, 2013
182 posts
Jun 17, 2014 at 23:51
% growth remember....
Viva La Puerto Rico!
Member Since Apr 14, 2013
402 posts
Jun 17, 2014 at 23:54
Have a look at the following chart.
The blue box is where codemonkey took his position. Now I won't 'monday morning quaterback' his call, but you can see the amount of orders (the red lines) which were triggered by himself or his EA. Now the position which he took today was pretty silly because the price had already spiked almost 100 pips once he took the trade.
The chart below shows you WHY he took the trade.
If you see the box highlighted in blue, that was the last time EUR/NZD accumulated before dropping downwards, and recovering today. You can see his pending BUYS were made at the same level in which EUR/NZD accumulated several trading days ago. That is one of the dangers of trading support and resistance, is that at any given time a 'support' can be a 'resistance' or vica versa. So as of right now it is costing him 20 pips. He may end up closing those trades for profit, etc but the reality is he is simply wagering extension/reversal at the last accumulation level of a currency.
The blue box is where codemonkey took his position. Now I won't 'monday morning quaterback' his call, but you can see the amount of orders (the red lines) which were triggered by himself or his EA. Now the position which he took today was pretty silly because the price had already spiked almost 100 pips once he took the trade.
The chart below shows you WHY he took the trade.
If you see the box highlighted in blue, that was the last time EUR/NZD accumulated before dropping downwards, and recovering today. You can see his pending BUYS were made at the same level in which EUR/NZD accumulated several trading days ago. That is one of the dangers of trading support and resistance, is that at any given time a 'support' can be a 'resistance' or vica versa. So as of right now it is costing him 20 pips. He may end up closing those trades for profit, etc but the reality is he is simply wagering extension/reversal at the last accumulation level of a currency.
Attachments:
Focus on pip-drawdown
Member Since Aug 19, 2013
182 posts
Jun 17, 2014 at 23:55
YOUR growth from monday session until now.
MY growth from monday session from now.
I've refrained from arguing with you because it is pointless, and we're suppose to be trading.
So please do so, and just stop arguing.
Attachments:
Viva La Puerto Rico!
Member Since Apr 14, 2013
402 posts
Jun 17, 2014 at 23:56
CodeMonkey posted:
You are showing previous trades on your account counting towards your account growth. Adjust the time from monday session and you will see you are behind me.
Who cares. Remember this is 2 weeks long, and I am simply one trade away from putting you to bed. It is evident to see that you aren't scalping, and your simply wagering on support and resistance, and doing very poorly at it.
Focus on pip-drawdown
Member Since Aug 19, 2013
182 posts
Jun 17, 2014 at 23:57
You have a 1.9% gain, I have a 2.23% gain.
Please don't analyze something you don't understand yet.
And yes, I am trading small lots, you're account is twice the size of mine remember.
Please don't analyze something you don't understand yet.
And yes, I am trading small lots, you're account is twice the size of mine remember.
Viva La Puerto Rico!
