You have found the Holy Grail, $10K into 60K in less than a month, Now accomplish that with real money, in the real market,.....and become so rich....and Fduck Everyone else and the World, and ET, I'd rather be lonely at the Top, instead of jolly and chatting and happy and wasting time and just being content with the common, average, folk,
You are trading in extraordinary times. So you may see extraordinary results. Maintain the consistency and you will do well. Now, do it with real money and let's see the results. You have been teasing us for YEARS with multiple journals in sim. Put it to practice, TOMORROW! It's time for you to get in the war!!!!
I started this thread over five years ago, so in a sense, I'm several years behind schedule. This is in part due to long stretches of time when I was no longer able to monitor and manage my positions full-time, which is what my system originally demanded; but primarily because of a reoccurring sense that I could make the system even better—an impression that turned out to be true in each instance. Since I now view this primarily as a journal of my personal thoughts and anything else related to my quest of becoming a better trader, it is less a means of holding me publicly accountable than it is of holding MYSELF accountable by recording my efforts using a (public) medium that makes it difficult for me to forget, ignore or deny the history of my past activity. So, regarding growing a $100 account by realizing 1.8% profit per day compounded over 220 days, given that the components of my system have remained unchanged for several months now, with the only modifications occurring in the mechanics of how I interpret my forecast models, and since the former problem of having to monitor/manage my charts continuously has been adequately addressed, two weeks ago I deposited much LESS than $100 in my live Nadex account (I'm electing to keep actual amounts private) planning to make an attempt at doubling my balance every week trading Nadex knock-outs so that by the end of September, it will amount to a rather sizable sum. At the end of the first week, I had doubled my initial balance by 104%. Unfortunately, at the end of this week, I've increased last week’s balance by only 35%, but it's clear to me that many weeks will be much more conducive to generating profit than was this one, plus I am still getting better and better at implementing the evolved system, so I trust my performance during this week or that at various points in the future will be more than sufficient to make up for my "poor" performances during weeks like the one that just passed, God willing. So again, rather than shooting for 1.8% profit per day compounded over 220 days trading via a traditional Forex broker such as OANDA, my goal now is to AVERAGE a 100% increase on the previous week’s ending balance (each and every week) trading NADEX knock-outs over a period of four calendar months, concluding in September.
To accomplish this, until and unless I say otherwise, I want you to make EXCLUSIVE use of the strategy illustrated below to pick your entry levels. Essentially, you will be executing your trades when candlesticks make contact with the upper or lower band of all three envelopes—black, green and red—on the far side of (i.e., away from) the direction of the slope of the red envelope.
From Feb. 10, 2018 : Ok in the 5+ years since you posted this how much "satisfactory income" did you make from trading ? And why are you still acting like $100 or $1000 in a real money account is worthwhile ? I don't get it all these grandiose percentage forecasts are meaningless in trading.
First of all, how much satisfactory income I made from trading in the 5+ years since I posted this is of no consequence to me personally. What matters to me is that by suspending a focus on making money to research and develop ways to improve the system in successive stages, I've reached the point where I can now realize a return on investment anywhere from 35% to 100% per week. In so doing, whatever amount of money I might have made during the past five years will be dwarfed by the amount of money I make in the next five years. As for acting like $100 or $1000 in a real money account is worthwhile, as a devout Christian, I have learned that I should "not despise these small beginnings, for the LORD rejoices to see the work begin..." I have also read how the Messiah (God) was able to feed 5000 people from five small loaves of bread and two small fish, so that who knows what He will do with these "worthless" amounts. To quote blueblessings.com, "We see that it is God's very nature to take what you have and to multiply it such that it not only meets your needs, but so that there is a surplus too." And finally, I have learned from the likes of Moses, Abraham and Joseph to be patient, and God will "exalt you in due time." Consequently, the fact that this has taken me longer than I originally envisioned doesn't bother me. Regarding grandiose percentage forecasts being meaningless in trading, the way I see it, that is your opinion, and you have the perfect right to express it. As an opinion, I will not argue it with you. I will simply state that for me, they are a means of assessing whether it might be worth my while to continue the path I'm on, and I have concluded that it is. Since I have not modified the components of my system in months (but have merely learned to better apply the mechanics of interpreting its elements) I trust that where I stand at the end of this little "exercise" four months from now will be a testament as to whether any of this has credence, or was all just a meaningless waste of time.
The above tactic is no longer exclusive in that I want you to use the following position entry "technique" as well... Also, plot them both on a single chart to see how they might complement one another, but do not post the result here. Simply note it in your private flies.
Here's the problem you aren't really listening to anyone just plowing ahead with a system that hasn't got you much of anything in 5-6 years. We had another wordy guy on here called Nitro who had some fancy models on markets some years back. Nice enough guy but like you he really didn't listen to valid criticisms or what the real markets were telling him. He got destroyed trading markets on his models if any of it was real. There is no free lunch in trading, and many opportunities have a time window that closes as high frequency traders and market makers close the inefficiencies. I'm not sure if fees and fill rates will be a problem in real markets but I suspect they will be. Waiting 5-6 years to implement a plan is way too long. I've gone through several iterations in that time period one of which I did extremely well. You have to have an edge and know when to strike, but understand that eventually that edge will likely expire ( or you have to wait for the next cycle ). Life is too short to wait on opportunity it either works or it doesn't. Simulators are largely a waste of time. You said it was game time in 2018. We've had every market condition imaginable since.
You're right. In fact, after reading your first sentence (above) I opted not to read anything more that you wrote. If I had listened to people like you when I first posted on this forum in August of 2017, I would not have the system I have today, which as I already stated, DOUBLED my opening balance from the middle of May the first week I went live, and then added another 35% the second week! Who are you? And what do I care what you have to say? I don't have a problem. I have a profitable Forex trading methodology that would probably wipe your trading skills off the map were we to have a head-to-head competition. If you don't think so, let's have a go at it. We'll announce our trades in advance and compare their outcomes. If you post in my journal again, I will check to see if it is to accept my offer straightaway. If it's anything else, I will immediately put you on ignore, because as far as I'm concerned, the time and space you're taking up is just a distraction from my more fruitful and productive activities. Yes, you're correct. I don't listen to blather. If you want me to listen to you, FIRST you will have to PROVE to me that YOU are the better trader. If you're unwilling to do that, I couldn't care less about anything else you have to say.