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Rag2RichesFX replied Feb 27, 2015This is purely moronic. Where do your odds come from? I don't get this chart. "odds" (LUCK) don't exist in the market. only risk reward and expectancy of historical patterns repeating.
Rags to Riches in 10 or 20 Trades - Simplicity at its finest
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Rag2RichesFX replied Feb 27, 2015I don't risk all my money. I'm just showing what's possible. I only have ~$150k. 2 years? Really? Most people pull their profits back, as I do. I can only do 3 in a row without wanting to take profit. some people have huge balls, and can scale ...
Rags to Riches in 10 or 20 Trades - Simplicity at its finest
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Rag2RichesFX replied Feb 27, 2015The worlds biggest hedge fund is starting an AI trading unit in March. Machines taking over. I've created an algo that does 20% a year with a 5% stop loss since 2012. It needs a lot of capital to run it though. Minimum 1million.
Rags to Riches in 10 or 20 Trades - Simplicity at its finest
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Rag2RichesFX replied Feb 27, 2015Exactly. FX-Ray posts market depth for GBPJPY. Yesterday it showed 100,000 lots of sell limits between 184.15 to 184.35. That means 100,000 lots (10 billion) in buy market orders to move price 20 pips above 184.35. People really need to understand ...
Rags to Riches in 10 or 20 Trades - Simplicity at its finest
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Rag2RichesFX replied Feb 27, 2015Anyone who say trading is gambling hasn't been in the industry long enough. Nobody who does this for income every year says they are gambling. If you think Trading is gambling, than you should think that being the house at the casino is also ...
Rags to Riches in 10 or 20 Trades - Simplicity at its finest
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Rag2RichesFX replied Feb 27, 2015that last chart has everything you need to to learn to trade at a peak level technically, not emotionally or any other skills like patience or discipline just the technical and money management side. will post again it's that important ok not ...
Rags to Riches in 10 or 20 Trades - Simplicity at its finest
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Rag2RichesFX replied Feb 27, 2015with that attitude, yes you will get it done Thanks, I've been dealing with a lot outside of trading Forgot to post the chart If you go 50:1 leverage then you will get margin called with a stop loss greater than 20%. Here is an 88:1 RR example. ...
Rags to Riches in 10 or 20 Trades - Simplicity at its finest
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Rag2RichesFX replied Feb 27, 2015Closed @90 Month closed within 2% of monthly highs (in comparison to the total monthly range) Wow. A candle that closes on highs has a higher probability of having a lower wick FIRST on the next candle. so I agree with your view. We drop 200+ pip in ...
Dragon Riders GBP/JPY
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Rag2RichesFX replied Feb 26, 2015Forgot to mention pyramid. Give me an hour
Rags to Riches in 10 or 20 Trades - Simplicity at its finest
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Rag2RichesFX replied Feb 26, 2015also note the drawdown is minimal on this the deeper you go into profit because you aren't risking 20% of account, only 20% of the profit from thhe last trade. you see by the 5th trade you are risking only $3200 of $30000, barely 10% of total ...
Rags to Riches in 10 or 20 Trades - Simplicity at its finest
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Rag2RichesFX replied Feb 26, 2015Hahaha typos. Let me fix that $200 into $2000 $400 into $4000 (6000) $800 into $8000 (14000) $1600 into $16000 (30000) $3200 into $32000 (62000) 62k in 5 trades please note that if you truly wish to risk 20% of an account to triple it you must do so ...
Rags to Riches in 10 or 20 Trades - Simplicity at its finest
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Rag2RichesFX replied Feb 26, 2015If you can't time the market you should dollar cost average if you can, tight stops
Rags to Riches in 10 or 20 Trades - Simplicity at its finest
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Rag2RichesFX replied Feb 26, 2015I'm an asshole abuser yet I still like helping people.
Rags to Riches in 10 or 20 Trades - Simplicity at its finest
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Rag2RichesFX replied Feb 26, 2015Thats the dumbest thing I've ever heard. Probability is all about timing. I just made 13x risk with a 15 pip stop loss ($200 at risk). Should have bet more. Wasn't too confident though. 10x risk is like so, risking 20% of profit made on last trade. ...
Rags to Riches in 10 or 20 Trades - Simplicity at its finest
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Rag2RichesFX replied Feb 26, 2015Daily higher low is still in play. So bulls could go as high as 184.60 tomorrow, then probably sell off into the weekend close. At least that's what I see. As long as 183.60 stays intact. long, limit, stops
Dragon Riders GBP/JPY
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Rag2RichesFX replied Feb 26, 2015will answer Friday h1 update might shoot for 184.40 then sell. Reason I favor sell is month end and daily candle, despite the recent 4hr candles.
Dragon Riders GBP/JPY
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Rag2RichesFX replied Feb 26, 2015Monthly candle wick I was referring to. Anytime you see your reversal signal AND a daily/weekly/monthly candle about to close, it's a very powerful trade opportunity. Candles rarely close on highs/lows. H4 favors a higher low. Waiting for small TF ...
Dragon Riders GBP/JPY
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Rag2RichesFX replied Feb 26, 2015Sorry. We could debate all day but I will follow your rule its to inspire people trading smaller. If I was scalping $10k a day I wouldn't post it. deleted
Dragon Riders GBP/JPY
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Rag2RichesFX replied Feb 26, 2015Everyone around here seems to be trading well.
Dragon Riders GBP/JPY