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  • #23,241
  • Feb 20, 2015 7:33am Feb 20, 2015 7:33am
Quoting Idkurv
Planning to reload long in 16 minutes time, but will see..
Ok I reload long just now, tp 1220.
not ideal entry as per my usual strategy.
trying new thing, so let see
  • #23,242
  • Feb 20, 2015 7:36am Feb 20, 2015 7:36am
I set some of my tp to 1223, will see.
  • #23,243
  • Feb 20, 2015 7:37am Feb 20, 2015 7:37am
Quoting kuroro001
{quote} Mate, to get 600% in 3 days starting from 10k you have to double it everyday. With the current leverage and margin requirement for this contest it is not possible to do it with currencies. Unless you scalp like crazy without sleeping and having perfect entries/exit. I check their track record, but you cannot see that they trade. Only the percentage. And there are a lot of lucky guys over there. Yesterday a guy was fist with 70k...he blew most of it todat
I repeat: think what they can do.. with lower risk appetite..

I would not risk more than 1 - 2% in a day.. In the contest.. I risked as much 10% I agree.. only risk.. I did not lose more than 2%.. yet, that was bad.. that was a contest.. & guess where am I? I have made more than 15% this week by far..

absolute drawdown should not be more than 2% IMO.

How about guys like me? who are happy to use leverage like 1:10 ? actually use like 1:4 or max 1:8 in India
Hello World!
  • #23,244
  • Feb 20, 2015 7:37am Feb 20, 2015 7:37am
For Monday, the target could be more, 1230 to 1250.

If some one has patience and emotion control.
Intraday only.
  • #23,245
  • Feb 20, 2015 7:39am Feb 20, 2015 7:39am
well, i'll try to short on 1218. Hope for the best
  • #23,246
  • Feb 20, 2015 7:44am Feb 20, 2015 7:44am
Quoting navk
For Monday, the target could be more, 1230 to 1250. If some one has patience and emotion control.
Yes, I think we may need to wait till monday...not sure if 1220 will be taken today...
  • #23,247
  • Feb 20, 2015 7:46am Feb 20, 2015 7:46am
Quoting Idkurv
{quote} Yes, I think we may need to wait till monday...not sure if 1220 will be taken today...
Gold has average range of 190 pips per day. Today it has moved already 134 pips. 1218 to 1220 is my expectation for today.
Intraday only.
  • #23,248
  • Feb 20, 2015 7:47am Feb 20, 2015 7:47am
Quoting ClockTrader
{quote} I repeat: think what they can do.. with lower risk appetite.. I would not risk more than 1 - 2% in a day.. In the contest.. I risked as much 10% I agree.. only risk.. I did not lose more than 2%.. yet, that was bad.. that was a contest.. & guess where am I? I have made more than 15% this week by far.. absolute drawdown should not be more than 2% IMO. How about guys like me? who are happy to use leverage like 1:10 ? actually use like 1:4 or max 1:8 in India
Agree, risk management is very important in order to survive in this business.
I used to earn 10 -50% a day, but it is very hard to be consistent, and blew my account couple of times due to bad risk mgt.
Now with 1-5% daily would be more than happy.
  • #23,249
  • Feb 20, 2015 7:50am Feb 20, 2015 7:50am
Quoting Idkurv
{quote} Agree, risk management is very important in order to survive in this business. I used to earn 10 -50% a day, but it is very hard to be consistent, and blew my account couple of times due to bad risk mgt. Now with 1-5% daily would be more than happy.
IF your win rate is not perfect.. at least you'll get a chance to learn..

There is no school/univ.. who can teach real Forex.. at least I'm not aware of any.. whose toppers can do real biz..
Hello World!
  • #23,250
  • Feb 20, 2015 7:50am Feb 20, 2015 7:50am
Quoting Idkurv
{quote} Agree, risk management is very important in order to survive in this business. I used to earn 10 -50% a day, but it is very hard to be consistent, and blew my account couple of times due to bad risk mgt. Now with 1-5% daily would be more than happy.
Exactly same with me. I concentrate to book 2 % average per day.

If some one has 5k a/c and make 2 % per day, see the returns in a year !

Attached is the growth chart.
Attached File(s)
File Type: xlsx sample.xlsx   52 KB | 441 downloads
Intraday only.
  • #23,251
  • Feb 20, 2015 7:50am Feb 20, 2015 7:50am
Quoting navk
For Monday, the target could be more, 1230 to 1250. If some one has patience and emotion control.
Patience & emotion control must be supported with analysis based on Pure Maths & Science..

Otherwise patience won't lead you anywhere. You have to be right as well.. over & over again..
Hello World!
  • #23,252
  • Feb 20, 2015 7:53am Feb 20, 2015 7:53am
@1215

Took most of the profit I could..
Hello World!
  • #23,253
  • Feb 20, 2015 7:53am Feb 20, 2015 7:53am
Quoting ClockTrader
{quote} I repeat: think what they can do.. with lower risk appetite.. I would not risk more than 1 - 2% in a day.. In the contest.. I risked as much 10% I agree.. only risk.. I did not lose more than 2%.. yet, that was bad.. that was a contest.. & guess where am I? I have made more than 15% this week by far.. absolute drawdown should not be more than 2% IMO. How about guys like me? who are happy to use leverage like 1:10 ? actually use like 1:4 or max 1:8 in India
Yes but during the contest they use high leverage, and i agree that with their real account they must do really good.

If you want to win the contest, bet 50% all the time. I know they won't do that on a real account, but its fun

EDIT : Trying gold shorts with tight tight stop as we go up
COT: The precious data ignored
  • #23,254
  • Feb 20, 2015 7:54am Feb 20, 2015 7:54am
Quoting ClockTrader
{quote} Patience & emotion control must be supported with analysis based on Pure Maths & Science.. Otherwise patience won't lead you anywhere. You have to be right as well.. over & over again..
I agree.

Patience and emotion control shall be supported by reading charts and analyzing properly.

Otherwise patience will lead to disaster.
Intraday only.
  • #23,255
  • Feb 20, 2015 7:57am Feb 20, 2015 7:57am
Revised target for me today. 1216.5 to 1217 where 100 HR SMA has a block.
Intraday only.
  • #23,256
  • Feb 20, 2015 8:00am Feb 20, 2015 8:00am
I earned about 20% in 1st week (round 1) & guess what? I'm nobody there.. but, fortunately, I rank among the top 100 out of 1900 (app)
Attached Image (click to enlarge)
Click to Enlarge Name: ss1.PNG Size: 173 KB
Hello World!
  • #23,257
  • Feb 20, 2015 8:02am Feb 20, 2015 8:02am
Quoting kuroro001
{quote} Yes but during the contest they use high leverage, and i agree that with their real account they must do really good. If you want to win the contest, bet 50% all the time. I know they won't do that on a real account, but its fun EDIT : Trying gold shorts with tight tight stop as we go up
Dude,

Its not about winning the contest.. the 1st prize is like 1K, if I'm not wrong..

The top guys there are not for that 1K.. Plz think beyond...

http://www.forexfactory.com/showthre...68#post8083668
Hello World!
  • #23,258
  • Feb 20, 2015 8:06am Feb 20, 2015 8:06am
Quoting ClockTrader
{quote} Dude, Its not about winning the contest.. the 1st prize is like 1K, if I'm not wrong.. The top guys there are not for that 1K.. Plz think beyond... http://www.forexfactory.com/showthre...68#post8083668
I know mate, im trying the contest just for fun. I don't plan winning it for just 1k

I'm in and only trading Gold and Silver. I'll let you know the results soon too, and we'll see!
COT: The precious data ignored
  • #23,259
  • Feb 20, 2015 8:12am Feb 20, 2015 8:12am
Shorts are doing good so far. 1208 is important

A break off it and we go back to the lows
COT: The precious data ignored
  • #23,260
  • Feb 20, 2015 8:14am Feb 20, 2015 8:14am
if support $1197.28 broken, i guess we are heading to $1184 before any reasonable retracement!!!
Attached Image (click to enlarge)
Click to Enlarge Name: GOLDH1.png Size: 35 KB
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