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CAN I TURN $2K TO 30000K (DUE DATA: 12/30/2010)
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Created: by nhtngn85 Attachments:7

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CAN I TURN $2K TO 30000K (DUE DATA: 12/30/2010)

  #21 (permalink)
Elite Member
Buffalo,NY
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: DeepDiscountTrading/Rithmic
Favorite Futures: YM
 
Posts: 41 since Nov 2010
Thanks: 7 given, 14 received


MetalTrade View Post
A better technique IMHO if you trade break outs is to wait for an pullback during the break out and then entering in the direction of the breakout after closing of the bar in the direction of the breakout (so after that pullback is finished)

you will miss some of the break outs but you will increase your profitable trades.

I described it before here :

https://futures.io/forex-currency-trading/6356-new-trading-start-forex.html#post72940

and especially here :

https://futures.io/forex-currency-trading/6356-new-trading-start-forex.html#post76454


thnx man, but i dont trade break out. i have 4 set ups using renko alone.

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  #22 (permalink)
Elite Member
Zagreb, Croatia, Europe
 
Futures Experience: Beginner
Platform: Dukascopy
Broker/Data: Dukascopy SA
Favorite Futures: forex
 
Posts: 110 since Jan 2011
Thanks: 55 given, 71 received

wish you suceess in your trading!

cheers,

ivan

The markets are non-linear, dynamic systems. Chaos analysis has determined that market prices are highly random with a trend component. The amount of the trend component varies from market to market and from time frame to time frame.

Manus J. Donahue III
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  #23 (permalink)
Elite Member
Lubbock TX
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Stage 5 Trading
Favorite Futures: CL
 
MWinfrey's Avatar
 
Posts: 1,879 since Jul 2009
Thanks: 1,449 given, 3,306 received



nhtngn85 View Post
Hi, my name is Nhat. i been trading in forex about 2 years. i lost about 10k since then after that i went to work for 1 years and save up a small capital also trade demo. From yesterday i have my account set up with $2000 with MB trading. i also have a trading methodoly, money management and a plan to turn this account to 30k at the end of the year.

+ Trade eur/usd
+ Daily working time start at 3am est time.
+ Ninja trader and MBtrading ( renko with 7 ticks)
+ Spreadsheet for money management and trade records.
+ take screenshoot every trade that i took.
+ Daily target pips 40.
+ BE HONEST to my self.

I believe your goal to be achievable. If I didn't believe it then I could not believe in my ability to do the same thing for myself. However, as I've read your posts I wonder if you truly have a plan or a well defined edge as @Linds points out.


Linds View Post
Hi
Given that you are trading live here I assume you have calculated that you have a market edge. How did you work out that you have an edge?

thanks

Lindsay

Before you go too far in this effort, I suggest you answer @Linds question. You might even post the answer here in your thread. Suggest you even document your edge here.

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