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发表于 2016-5-20 11:32:36
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mysticgenie Nov 18, 2007 2:13pm
Lots of comments---wow, I never knew I'll stir a hornet's nest---lol--thanks smjones, tdion, imransait, budhi---all other knowledgeable folks---yes it is possible & there is nothing magical--it's just that i used a very bold MM in a way I'm going to explain later---
Oh, btw, I'm a young MD in early 30's (just to clarify some of your doubts)---I have been trading about a yr & this helps me to relax (yes it's true guyz---trading has much less stress than medicine---believe me) & I enjoy both the worlds very well---why not driving, coz I live in NYC & never felt the need of it & gave any importance before---
Regarding smjones' query: yes, I have been doing it for quite some time, but from last mth onwards raised my stake somewhat from increasing confidence level & more free time from my work--lol--did it last mth w/ 450 usd to 60k in 2 wks--- usually I'll attempt 3 times in a mth at the maximum w/ 500-1000USD at a time when I feel confident about market direction (this mth I managed this on my 2nd attempt).
Now the strategy in brief:
The strategy is very simple with some fine nuances which I'll not be able to explain fully as I also use my intuition a lot.
I use simple trend following strategy based on 4H, daily & wkly TF (PA as per James 16 thread)--- I use 1H TF for entries & exits---I also apply candlestick pattern, laguerre (see Imransait's thread) & Demark lines (Mouteki thread) for estimated target points---now I do not use any firm SLs---if the position goes a/g me (say by 100-150 pips in case of G/J), either I'll bail out & reverse (if the reverse trend is strong)or will simply hedge to try to come out b/e (minor retracements)---at the same time I keep an eye on wkly COT report (see cateful's thread) & equity markets (a big time for me as I am trading carry pairs) to assess market sentiment for that particular day---I avoid early US sessions (that's when i usually sustain my losses & market is also little undecided) & try to figure out next market direction from late US session onwards, e.g., if you see dow is closing strongly, you can be assured that asian markets will open strongly & G/J will move by atleast 50-100 pips from late US session onwards---I prefer to trade in late asian & early european sessions (besides being free from my work usually, i somehow can feel those markets better)---this is the time I'll try to increase my leverage to maximize my gains---I follow fib numbers to increase account size i.e., 1,2,3,5k----I decide on lot size as I risk b/w 15-30% on each position---I trade manually btw, no preset orders for me---i'll never forget the feeling of putting in 60 std lots in a mini account---lol
Last, but not the least, BEGINNERS, PLEASE DO NOT TRADE THIS WAY WITH YOUR HARD EARNED MONEY YOU CANNOT AFFORD TO LOSE, UNDERSTAND WHAT YOU ARE DOING & THE CONSEQUENCES (TRADE YOUR PLAN, PLAN YOUR TRADE). |
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