• Trading Room
  • Trusted Brokers
  • Blog
  • Forex Forum

Announcement

Collapse
No announcement yet.

My Trading

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • My Trading

    Hi guys,

    Many of you will know me as a big poster in this forum from 2013 and subscriber to signals and MAMM's primarily and only FX Viper at the time.

    I have lost so much money enough to make some of you sick, and i'm not trying to brag or say that because it has affected my life and my financial situation moving forward. I wasted alot of money scalping the market without a stop loss following the methods of FX Viper, as he was promoted and also highlighted as a one of a lifetime investing of a Trader so to speak, and unstoppable in many eyes.

    I would like to mention without taking any respect out that his trading is not for everyone and ofcourse can be an expensive lesson of following fundamental of following just one way of the market. I can tell you it's not needed! His profits per month were no way as good for the drawdown suffered. Keeping them for months on end on the speculation of fundamentals, no good, trading doesn't need to be that way!

    In my trading I have noticed a very rewarding and great risk reward following technical methods of the currency market and one thing I have to say is that it is rigged and manipulated and if you don't understand the manipulation you are in a ride of some uncertainty and pain following fundamentals as it's all about where the money is, stops, and orders and TRAPS!!. Hitting stops and reversing. Here is my stats that I would like to share; and one day hopefully be able to provide signals (100 subs only) and even a MAMM, that's my aim, I would have to speak to Nick about this and ofcourse it's still early days!

    If you guys have any any questions or would like to discuss please do. I'm up for a discussion.

    https://www.myfxbook.com/portfolio/pipster/2384124
    Last edited by Waleed121; 03-20-2018, 12:28 PM. Reason: updated myfxbook

  • #2
    31% gain in a day for 300 pips seem heavy. Can always go the other way

    Good to see you found your groove.

    Loved reading your story. My own story and people followed are very similar to your so I can relate.

    I'm also like you manually trading for myself and it's going well so far.

    I do think without the lessons learnt from this site going back like yourself to 2013 I wouldn't do so good trading manually. Learnt alot from this place.

    But like you I now feel ready to not let others loose my money but to do it myself.

    Can you survive at least one year. I hope you do and will be watching

    To take on subs is hard and if you can do that without it affecting your trading credit too you.

    Me personally I'm more interested in just serving myself atm.

    Sounds like you've come through the wash and now are better for it. So credit for that also!

    Loosing $ hurts but also teaches you lol

    Best of luck to you waleed

    Sent from my SM-N910F using Tapatalk

    http://www.myfxbook.com/members/dupapa

    Comment


    • #3
      Originally posted by dupapa View Post
      31% gain in a day for 300 pips seem heavy. Can always go the other way

      Good to see you found your groove.

      Loved reading your story. My own story and people followed are very similar to your so I can relate.

      I'm also like you manually trading for myself and it's going well so far.

      I do think without the lessons learnt from this site going back like yourself to 2013 I wouldn't do so good trading manually. Learnt alot from this place.

      But like you I now feel ready to not let others loose my money but to do it myself.

      Can you survive at least one year. I hope you do and will be watching

      To take on subs is hard and if you can do that without it affecting your trading credit too you.

      Me personally I'm more interested in just serving myself atm.

      Sounds like you've come through the wash and now are better for it. So credit for that also!

      Loosing $ hurts but also teaches you lol

      Best of luck to you waleed

      Sent from my SM-N910F using Tapatalk
      Hey Dupapa,

      i remmeber you pal, it is 100 pips gain in a day a heavy reversal on the CAD pairs, I ignore fundamentals because I identify the moves played by the market makers. As you can see my drawdown is low considering my gains and gaining 21% for the day I probably was down by 2-3% at most on those pairs. Most of the times I'm in profit in 15mins-1hour. And if I don't see profit or move In my direction I cut the trade. The thing is im catching reversal zones after the manipulation is over by the market makers / dealers. When they show you their move. You move with them. Ofcourse I would like my stats to show and not just talk. Yes I've learnt from this site but unfortunately not the winning formula. I think I'd avoid sub headache as I'm intraday and I close my trades pretty quick if I didn't catch it right and a trader can be wrong sometimes and it's fine. I appreciate the kind words. I believe trading is all in the mind and ur mind can identify what an EA or a programmed system cannot!

      My SL is tight. Here is my myfxbook.

      https://www.myfxbook.com/portfolio/reloaded/2037436

      Last edited by Waleed121; 04-22-2017, 05:57 PM.

      Comment


      • #4
        Ofcourse if I had a big 5-6 figure account believe me I would lower the risk/lots to a more mere 5-10% a month. However with a low balance you do want to gear it up a bit. Ofcourse if you can afford to. And that's what I aim to do in order to trade full time and for a living. Like I said SL is tight. No more than 25 pips. Normally 17-20 pips. I don't wait for the market to prove me wrong. Because it will! I cut losses because if they violate the high / low and close they are off for another 25-50 pip move to the next stop loss/order levels. It's all a wicked money making system by the big institutions and banks and whoever controls the markets! We are little fish in the sea ofcourse and if we can catch their moves we move with their wave, honestly following my method my trading has been so much more stress free. And there is no such thing as bears or bullish, risk appetite, S&R levels dating back to early 2000 or 1950's lol, the dealers create those moves because that's where money is sitting (stop loss and orders), I find it funny when I hear those slogans.
        Last edited by Waleed121; 04-22-2017, 06:52 PM.

        Comment


        • #5
          I have to agree with the comment about not finding a winning formula here, thats not a discredit to this place, but i honestly think that to be successful you really work out that yourself, yes you can pick bits from other examples and learn from people, but ultimatly only you can find your winning formula


          As long as you trade your plan, then as you say all will be fine, keeping on your plan and not letting emotions get you long term is key, but sounds like you getting your trading on point so will be watching as they say!

          and yeah i agree gain vs dd is good

          you have a point about being in and out quickly, likely to the pleasure of your subs, but dont under estimate that pressure, seen so many stumble out the gate, but i hope you dont, and good luck to doing as you set out,

          wouldnt we all love a 5-6 figure account, one day with work i believe achievable,

          sound like im somewhat following you/doing like above, as also going to go full time this year, and a change in my personal circumstances that coming in the next few months should facilitate this move

          Good luck Waleed, we all need it
          http://www.myfxbook.com/members/dupapa

          Comment


          • #6
            Originally posted by dupapa View Post
            I have to agree with the comment about not finding a winning formula here, thats not a discredit to this place, but i honestly think that to be successful you really work out that yourself, yes you can pick bits from other examples and learn from people, but ultimatly only you can find your winning formula


            As long as you trade your plan, then as you say all will be fine, keeping on your plan and not letting emotions get you long term is key, but sounds like you getting your trading on point so will be watching as they say!

            and yeah i agree gain vs dd is good

            you have a point about being in and out quickly, likely to the pleasure of your subs, but dont under estimate that pressure, seen so many stumble out the gate, but i hope you dont, and good luck to doing as you set out,

            wouldnt we all love a 5-6 figure account, one day with work i believe achievable,

            sound like im somewhat following you/doing like above, as also going to go full time this year, and a change in my personal circumstances that coming in the next few months should facilitate this move

            Good luck Waleed, we all need it
            Well right now ofcourse subs is not my concern but to ensure my trading goes to plan and to increase my equity. I normally look to close my position at session and gap changeover's as different session at times hold different objectives as market makers across the globe change and are given new objectives and instructions. normally never more than 2 positions at a time (max 3). Thanks Dupapa and hope to stay in touch, I loved the community here it was fun discussing different traders on here and I enjoyed being part of it here. I left this forum because I wanted to find my touch and I didn't find it by following any trader here and I have to be honest and say there are many profitable traders out there that surpass the traders that have been enrolled here. Nick does great with the transparency but unfortunately has not found many traders who will have a mutual agreement or fit his scope of enrolment. The reason why I have to say confidentially that I would not find emotions an issue is ive seen my method work time and time again and the behaviours are really limited by the market makers and dealers. There is only so many ways they can trick retail traders and human psychology has not changed since the beginning of time. We are all fear / greed based mammals lol.

            Notice i dont scale in or do anything to increase risk as its not needed and i dont see a point. Execute ur entries well and pocket your pips, small or major; and move onto the next.

            Thanks again for the encouragement and your input
            Last edited by Waleed121; 04-22-2017, 07:43 PM.

            Comment


            • #7
              Done for the month I'd say now, more than enough gain of 50+%, unless I see an opportunity in NZDUSD. EU closed out for small pips but potential downside is there. ECB soon so I know how they like to hit stops with their spike moves with interest rate decision. I'll prefer to book and move on, profit is profit. Happy trading guys. End of the month. Keep that in mind

              Comment


              • #8
                Yo waleed

                How goes that journey of yours?

                Hope you well bud

                Cheers

                //ben

                Sent from my SM-G930F using Tapatalk

                http://www.myfxbook.com/members/dupapa

                Comment


                • #9
                  Originally posted by dupapa View Post
                  Yo waleed

                  How goes that journey of yours?

                  Hope you well bud

                  Cheers

                  //ben

                  Sent from my SM-G930F using Tapatalk
                  Hey Ben, I've blown my account on the EURJPY move that occurred on May, I released my stop-loss to ride the wave, guess what, taking out your stop should never be an option! I will be back and will be posting here, my journey is not over and I intend on trading bigger lots soon, right now my account size is small and building that is a pain. Hows your journey going?

                  I no longer rely on anyone to trade my money as its in the best of interest to trade your own and the way it fits for you.

                  All the best pal,

                  Waleed

                  Comment


                  • #10
                    Nooooooo!!! "Turn the machines back on!" (that's from the movie, Trading Places) So, it seems... Stop Loss Limits are Important? Thank you for learning that lesson for all of us. Really. Thanks!

                    Comment


                    • #11
                      As promised, I'm back, here is my myfxbook. I'm hoping to consistently produce these gains. I'm sharing this in the open. I've changed my trading style to now monitor a higher TF before entering my trade setups. Sometimes I have a mental stop and enter on low lots, sometimes I place a SL. as I know price will move up 85% of the time. Managing DD below 15% is the goal also...


                      I've so far already hit my pip target for the month in the first week... will be taking it easy until February. Won't help it though if I see a setup worth taking!!

                      Best of luck to all.

                      https://www.myfxbook.com/portfolio/pipster/2384124

                      Comment


                      • #12
                        Originally posted by Waleed121 View Post
                        As promised, I'm back, here is my myfxbook. I'm hoping to consistently produce these gains. I'm sharing this in the open. I've changed my trading style to now monitor a higher TF before entering my trade setups. Sometimes I have a mental stop and enter on low lots, sometimes I place a SL. as I know price will move up 85% of the time. Managing DD below 15% is the goal also...


                        I've so far already hit my pip target for the month in the first week... will be taking it easy until February. Won't help it though if I see a setup worth taking!!

                        Best of luck to all.

                        https://www.myfxbook.com/portfolio/pipster/2384124
                        Incredible discipline and very good grasp of the market? How long did it take for you to reach this level proficiency?

                        Comment


                        • #13
                          Originally posted by AK47 View Post

                          Incredible discipline and very good grasp of the market? How long did it take for you to reach this level proficiency?
                          Thanks - it has taken me years, but after learning how they really move the market, It all changed for me, I was going the wrong way the whole time. I went through a course. It changed it all for me. 5% gain for today. 155% gain for the month. I know its crazy returns but when you look at the Drawdown its incomparable to other strategies out there.

                          I hope to provide signals/or a fund in the future. I need to build the portfolio first and I will be in touch with Nick. Looking forward to February. I think I'm done for the month!

                          https://www.myfxbook.com/portfolio/pipster/2384124

                          Comment


                          • #14
                            Took me about a year to learn the method and apply it mentally and chart wise, but been losing in the business for years.
                            Re-modify everything I knew about the market. I dont pay attention to fundamentals or news, to me its all garbage and used to apply panic and senseless decisions for Traders.

                            Comment


                            • #15
                              Just reached 200% in less than a month. May it continue :-)

                              Comment

                              Working...
                              X