BSD
Veteren member
- Messages
- 3,819
- Likes
- 988
The purpose of this post is two fold. One to tell you that I appreciate the time and energy that you took in a very non combative way to make your points or ask for additional information from Avery. As I said in my first post here that I know Avery.
I am not taking sides if there really is a side to take. Since I myself trade through the method called by INO as FTP (Fundamentals + Technicals + Perception)
I have been involved in trading forex for over 5 years now. I have learned much through first demo trading. I traded demo only from September 2003 until March 2006 learning my trade. I have traded small amounts and large amounts. Large being in excess of $125,000 in real funds. I am a private trader and accredited as a IB with a Canadian and American firm.
I have posted on other FX forums and because of my excellent record of success I have run into similar situations such as Avery has.
The reason has been made clear by other posters. Many I am sure unsuccessful traders seem to have this bad habit of knocking others, putting them down and the like.
Your post was definitely not in that cateogory.
I enjoy helping traders improve and succeed in forex. It is widely claimed that 95% of ALL FX traders lose. Whatever the %, It is my personal STRONG opinion based on my results that purely technical traders cannot WIN consistently. This is not say the can't however the odds are stacked against them.
I read somewhere thay the majority of ALL FX traders are technical traders and putting my own percentage on it of 75%, that would in some ways make my point.
75% of 95% is the point.
I post this since I would be interested in how you see my post and if I may ask from your experience how do you find the best way to trade FX ?
I have had many many winning accounts where I have doubled the account in 60 days. and also some accounts where I had margin calls because I put on too many positions and or allowed too much of a drawdown before taking a loss.
I trade using the FTP method and do not overtrade anymore, use a maximum STOP LOSS of 100 PIPS. I never trade more than 25% of the funds in any one account that I manage and I trade with the trend.
My technical indicators are BB, EMA and SAR on Top. I use MACD, RSI and CCI and I use the 1 minute and five minute charts. I take my profits when I can not being too greedy.
I know that unless you have your FEAR,GREED and EGO under control NO METHOD will work. You need a Trade Plan and as Important as Entry is, you also need to know your exit plan.
Trading Real Funds I once went 673 FX winning trades in a row using my methods trading mainly USD/JPY during 2007. I win about 90% of ALL my FX trades and I trade in blocks of 100K
I know there will be most saying BS, however I also know if I offered to send my PFG file using the FX Solutions platform to prove my representations of the 673 FX wins in a row, then 99% would rather not see it since they would rather sooth their EGO by knocking rather than by keeping an open mind.
Just to add some helpful input on present day trading I have had good success since the MELTDOWN during August 2008 when Trichet spoke and the EUR/USD started down from 1.6000 !
I trade USD/CAD short and EUR/USD long or short by using the present day correlation with the Dow.
For example if the Dow would go DOWN say 300 points you will see USD/CAD go UP !
Fundamentally I can explain why if anyone is interested. I watch Oil, Gold and the Yield on the 2 Year and 10 Year US Bonds to SEE the Money Flow.
Please let me have your feedback on my post and GOOD TRADING !!!
http://www.trade2win.com/boards/equities/41916-never-lose-again-therumpledone-100.html#post580934