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Outside the Box -- Signal and Mt Cook PAMM fund

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  • OutsideTheBoxHK
    replied
    Originally posted by HedgeBitcoin View Post
    Outside the Box - Mt Cook PAMM.GBP_AUD.Thu, 24 May 2018 00_00_00 GMT-Mon, 25 Jun 2018 16_00_00 GMT.png
    What is the reason behind so many small traders , small duration time, and both long and short positions?

    I would also like to view your lotsizes on one of your accounts? Can you open up the lotsizes?
    This is my strategy. I do what I have observed over 1000's of hours to work.
    I do not go into great depth about my strategy without very good reason. But basically it depends on probability. All of trading is stacking the probability over a given time that you will be right.
    In other words, I am a day trader, which means I work at my screen at least 9 hours, 6 days a week if not more. Therefore I am constantly scanning for setups on different timeframes. If it is a 5 min chart setup, then the time horizon of the trade is significantly less than a setup I choose to take on the 1 hour or 4 hour chart. There is a time to take shorts, and an advantageous time to take longs. How was the performance?
    For very good reason I keep my "lot sizing" private on these public sites. You could work it out by some clever deduction and calculation, using percentages and balance and proportions.
    Why is this important to you? In my system description, I say my max exposure at any one time is 1 standard lot per $10,000, and I keep to this.

    Leave a comment:


  • HedgeBitcoin
    replied
    Outside the Box - Mt Cook PAMM.GBP_AUD.Thu, 24 May 2018 00_00_00 GMT-Mon, 25 Jun 2018 16_00_00 GMT.png
    What is the reason behind so many small traders , small duration time, and both long and short positions?

    I would also like to view your lotsizes on one of your accounts? Can you open up the lotsizes?

    Leave a comment:


  • fiveninefish
    replied
    Originally posted by primi View Post

    ... Almost exclusively I'm posting in threads relevant to my investments unlike guys like "Xinvestor et al". ...

    ... There are more posts from myself defending SteadyCapture or at least trying to provide a balanced view, since you mentioned him, than there are posts of criticism. If you cared to look or read properly. But I will not be discussing this with you here because it's not the place to discuss it...
    Noted. I'd remove you from that aforementioned group. In retrospect, I shouldn't have lumped your name in there. Although the mechanics of reading with my eyes closed is far beyond my capabilities. Also, it looks like you got your answer from the trader.

    Originally posted by primi View Post

    So we have to work with what we have and try to make the best of it.
    That pretty much defines my approach to forex. Let's go make some money.

    Originally posted by RenkoGuy
    @fiveninefish If you like high risk than this signal is for you.

    All other signals i warned before have blown up, lets hope this time i am wrong.
    Thank you for finally realizing we are not all clones with identical goals. I am overloaded heavily in index funds, blue chips, and real estate. That's 98% of my portfolio, and it's not going anywhere. I understand that the risk and danger of forex can keep most here up all night or endlessly posting on forums, but that is not my primary concern with regards to forex. Long-term, I'm fine with my nest egg. I'll retire either way. Short-term, I'd like to see what I can do with some discretionary money to maybe move that date up a bit. That doesn't mean I'm going to be stupidly wasteful, but I'm also not looking to eke out a steady 0.5% a month.

    Every system I'm in has recently gone through or is getting out of a rough patch, and OTB is my only manually traded system that has come out ahead so far. His dips were shorter, and his recovery was quicker. Don't know why I'm spending time defending the guy, but he is one of the few who doesn't run when things get rough. He also doesn't start trading like a desperate lunatic either. However, I'm mindful that the worst could always happen, so he's still only getting a percentage of a percentage of my capital.

    Leave a comment:


  • OutsideTheBoxHK
    replied
    Originally posted by primi View Post

    You must have been reading my posts with your eyes closed. Just like you I'm actually an investor here and have been from almost day 1. Almost exclusively I'm posting in threads relevant to my investments unlike guys like "Xinvestor et al". I have my money on the line just like you have, being subscribed to a number of signals here still. I have searched high and low for good signals as well and they pretty much don't exist, not here not anywhere else. So we have to work with what we have and try to make the best of it. Knowing how to trade myself helps in that I can spot poor practice sooner or prevent trades I don't like getting out of hand if possible.

    There are more posts from myself defending SteadyCapture or at least trying to provide a balanced view, since you mentioned him, than there are posts of criticism. If you cared to look or read properly. But I will not be discussing this with you here because it's not the place to discuss it.

    When it comes to OutsidetheBox, I'm happy that it's working for you. And if you cared to read my 2 or maybe 3 posts in here, was any of that intended as tearing down a signal or written in a way that was perhaps inappropriate? I'm looking at possible further signals to subscribe to or replace one of my existing ones. I might even take the offer that popped up today. But please tell me what am I supposed to think about a 1.5 lot open position on a 1k account? Do you have any idea how much margin that requires? I'm in the EU and as you might know there are new regulations coming into effect in august. It will not even be possible to open a trade like that! In my book that is an absurd lot size even with current margin requirements. So I asked a question about it.

    "Is it possible that he was long 1.5 lots AUDUSD on a $1000 account (Hotforex PAMM) when his DD spiked to above 60% within a day? Or am I mistaken?"

    No LOLs, HAHAs, idiots, amateurs or any other labels for the trader. Just a very legitimate question. Discussion that followed between me and the signal provider was also on an appropriate level. If you have problems with discussion like this then you really probably should stay away from this forum. If not, you can ask me anything related to FX, unlike some other posters you mentioned I'm not taking the easy way out and am not avoiding questions.
    Great. I answered. and that trade was not on my Master Account where the signal is being offered. That trade was taken when my account was small and in its infancy before I had compounded my equity (over 100% in about 6 weeks) then I dialed the risk down and started thinking about offering signals and managed accounts once I had enough equity to live off of and not worry about the daily income anymore. Then I could take on the extra responsbility of trading with one strategy and one Risk Management plan and keep the returns near 5 to 10% per month. This is what I have done for the past year. If I keep up 100% per year, then in 5 years I will be where I want to be. And I think this is attainable considering the drawdown necessary to achieve these returns, as I have proven.
    Thanks for the discussion, but please drill down far enough to see the journey and how far I have come, all the setbacks, all the drawdowns, all the recoveries, and how much work I have had to do with open communication, learning from scratch how to build a track record worth something to the professional investor databases, and how to complete all the admin required to document and reflect on my performance in a professional and analytical way.
    FundSeeder, PsyQuation, FXStat, and Myfxbook all have given me some perspective on this goal. I have read 1000's of posts, watched 1000's of videos, and have done my absolute best to steer clear of the pitfalls that have beset FXViper, GoldStar, TradeAlerter, SteadyCapture, and the others you no doubt have researched.

    Leave a comment:


  • primi
    replied
    Originally posted by fiveninefish View Post

    I will happily admit that you probably have much more experience and knowledge in this industry than I do. My investments are spread across several different avenues, and I am not able to go as deep info forex as you probably do. But I do have a problem with you making grand proclamations covering every possible type of forex investor in existence, and implicitly (or explicitly) implying that I am not serious - perhaps I am just here for shits and giggles cause I got tired of lighting my cash on fire in the backyard. Maybe for someone with your specific goals, temperament, capitalization, timezone, etc etc this system doesn't work for you.

    What I'm seriously tired of - and what keeps me largely away from this forum in general - is guys like you, primi, xinvestor, et al who just want to tear shit down. All you do is pull blocks from the system, but you contribute nothing. You are just takers and self-glorified shit stirrers who are amazing in your analytical criticism and probably love to read and re-read your powerfully incisive posts, but none of us get anywhere with that because you all just stop there. So what is your recommended course of action? Stay home and hide my cash under the bed because all systems are imperfect? I have heard hints of "great systems" and "the right way to do it" but not once have I heard examples or offerings of how or where to go. So you collectively pull us backwards two steps and scream at everybody to pump the brakes, then offer no ideas on how to move forward. *slow clap here* I've offered to accept PM's about these magic systems from any and all who have such superior knowledge, and only one has taken me up on that so far. But his system was not accepting new clients, and it recently went offline.

    I keep hearing that all it takes is a little diligence and searching, and I'm just being lazy and not finding these superior systems that you all must secretly be subscribing to. Well I spend a significant portion of each week analyzing, and I've also subscribed and/or purchased 20 some-odd systems in the last year alone. If it was out there, I'm sure I would have stumbled across it. As far as here, I was in Goldstar for a couple years and pulled out while I was still ahead. Ditto for SteadyCapture. Where were your Nostradamus predictions last year when I was way up on both of those with no end in sight? Suddenly they have a rough patch and everybody knows better.

    As far as this particular signal, OutsidetheBoxHK has been spectacular. Not just in performance, but all across the board. His communication is awesome, and not just in the good times. During a steep drawdown, I contacted him. He got right back to me with great advice. I took it, and for his part he stayed the course and came roaring back. Every. Single. Time. He doesn't hide, and things aren't always rosy. But he communicates well, and he recovers well without getting rattled or making stupid, desperate moves. Like any system, it might fail. Okay. I'm not paying a roomful of PhD's several million to beat the system, so I accept it might have vulnerabilities. But I've seen it in action, and I'm comfortable with what it is and offers. I'm also properly capitalized so if the absolute worst case happens, it's only a percentage of my total portfolio, and my bills are still getting paid.

    Whew. Sorry for spewing all over this thread, but I had it building for a while after frustrations with other threads/posters. Perhaps only a small percentage of this pertained to you, Renko, so apologies for all the rest that didn't. Also, apologies to Nick if he reads this if my language was a little rough. I appreciate what you're trying to do here, and it sucks that there are so many who love to tear down without offering a hand to build anything. Anytime I started anything - real estate, stocks, options, crypto, small business, p2p lending - all I hear is people shaking their heads about the risks and how I could lose everything. Well fine. Just do nothing then. Nothing ventured, nothing gained.
    You must have been reading my posts with your eyes closed. Just like you I'm actually an investor here and have been from almost day 1. Almost exclusively I'm posting in threads relevant to my investments unlike guys like "Xinvestor et al". I have my money on the line just like you have, being subscribed to a number of signals here still. I have searched high and low for good signals as well and they pretty much don't exist, not here not anywhere else. So we have to work with what we have and try to make the best of it. Knowing how to trade myself helps in that I can spot poor practice sooner or prevent trades I don't like getting out of hand if possible.

    There are more posts from myself defending SteadyCapture or at least trying to provide a balanced view, since you mentioned him, than there are posts of criticism. If you cared to look or read properly. But I will not be discussing this with you here because it's not the place to discuss it.

    When it comes to OutsidetheBox, I'm happy that it's working for you. And if you cared to read my 2 or maybe 3 posts in here, was any of that intended as tearing down a signal or written in a way that was perhaps inappropriate? I'm looking at possible further signals to subscribe to or replace one of my existing ones. I might even take the offer that popped up today. But please tell me what am I supposed to think about a 1.5 lot open position on a 1k account? Do you have any idea how much margin that requires? I'm in the EU and as you might know there are new regulations coming into effect in august. It will not even be possible to open a trade like that! In my book that is an absurd lot size even with current margin requirements. So I asked a question about it.

    "Is it possible that he was long 1.5 lots AUDUSD on a $1000 account (Hotforex PAMM) when his DD spiked to above 60% within a day? Or am I mistaken?"

    No LOLs, HAHAs, idiots, amateurs or any other labels for the trader. Just a very legitimate question. Discussion that followed between me and the signal provider was also on an appropriate level. If you have problems with discussion like this then you really probably should stay away from this forum. If not, you can ask me anything related to FX, unlike some other posters you mentioned I'm not taking the easy way out and am not avoiding questions.

    Leave a comment:

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