FX Savant

atticus · Sep 9, 2008

Quote from Gringinho:

Well, the best streaks I've had were 105 consecutive scalps on CME FX all being profitable in over a little more than 30 days, and once trading USD 50k into more than USD 200k in little over a week. In the last case I used a lot of leverage though - not exactly sound risk handling. I also traded with 50+ contracts later on CME FX, although results were somewhat choppy... and my tax return for years were several thousand pages, with the top being more than 7000 pages.

When the contracted period occurred with the EURUSD moving from 1.30ish down below 1.25 and 1.20, I stopped and rather moved my base currency on long trend strategies. I predicted there would be a long period of protracted sideways choppiness - and it was right, although I thought it would be bopping around 1.25 and not 1.20.

What kind of sizes are "3" , "5" etc on those spot trades, shouldn't there be like $300,000 with initial 300x gearing etc?
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I've done 10x in a quarter in exotic options, but a lot larger stake.

"3" and "5" refer to 3x and 5x standard lots. So 300k and 500k units.

cabletrader · Sep 9, 2008

Quote from atticus:

I've done 10x in a quarter in exotic options, but a lot larger stake.

"3" and "5" refer to 3x and 5x standard lots. So 300k and 500k units.
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30x, that was some return!

The best I managed was $500 to $6k in a week in Dec '07 and I thought that was good, your friend makes us look like amateurs!

~

cabletrader · Sep 9, 2008

Quote from forex-forex:

I think it's legit and it is mathematical possible.

People win the 6/49 lotto every week. And 6 wins in FX can easily net $30,000 from $1,000 in 2 days.
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lol, less than a year ago you were telling us it wasn't possible to average 10 pips a day!

http://elitetrader.com/vb/showthread.php?s=&postid=1724476#post1724476

forex-forex · Sep 9, 2008

Quote from cabletrader:

lol, less than a year ago you were telling us it wasn't possible to average 10 pips a day!

http://elitetrader.com/vb/showthread.php?s=&postid=1724476#post1724476
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That is correct. Big difference over "everyday" and a few days.

cabletrader · Sep 9, 2008

Quote from bugscoe:

Quote from another thread -

crgarcia - can you explain how this guy achieved such stellar results with a spot broker? I guess this trader has disputed you! Doh!
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bigmrfrank · Sep 9, 2008

He must have stayed at a Holiday Inn Express.

Quote from atticus:

A friend of mine produced a nearly 30x return in the last 2 trading days with an $1,000 starting balance:

Account: 51xxx Name: xxxxx/xxxxx Currency: USD 2008 September 9, 21:48
Closed Transactions:
Ticket Open Time Type Size Item Price S / L T / P Close Time Price Commission Taxes Swap Profit
2071246109 2008.09.05 15:42 sell 1.00 euraud 1.7664 0.0000 0.0000 2008.09.08 00:22 1.7295 0.00 0.00 9.20 3 067.49
2071265929 2008.09.08 00:22 buy 3.00 euraud 1.7296 0.0000 1.7662 2008.09.08 02:23 1.7309 0.00 0.00 0.00 323.04
2071266396 2008.09.08 00:34 sell 1.00 eurusd 1.4379 0.0000 0.0000 2008.09.08 00:45 1.4398 0.00 0.00 0.00 -190.00
2071267077 2008.09.08 00:52 sell 1.00 nzdusd 0.6833 0.0000 0.6609 2008.09.08 05:02 0.6821 0.00 0.00 0.00 120.00
2071271747 2008.09.08 02:23 sell 1.00 euraud 1.7311 0.0000 1.7260 2008.09.08 03:28 1.7260 0.00 0.00 0.00 424.63
2071271752 2008.09.08 02:23 sell 2.00 euraud 1.7312 0.0000 1.7260 2008.09.08 03:28 1.7260 0.00 0.00 0.00 865.90
2071274293 2008.09.08 04:01 sell 3.00 euraud 1.7342 0.0000 1.7170 2008.09.08 07:26 1.7349 0.00 0.00 0.00 -174.45
2071274555 2008.09.08 04:13 sell 1.00 euraud 1.7344 0.0000 1.7170 2008.09.08 07:26 1.7349 0.00 0.00 0.00 -41.53
2071276529 2008.09.08 05:08 sell 1.00 eurusd 1.4409 0.0000 1.4185 2008.09.08 07:26 1.4404 0.00 0.00 0.00 50.00
2071308017 2008.09.08 16:18 buy 3.00 euraud 1.7299 0.0000 1.7662 2008.09.08 16:52 1.7361 0.00 0.00 0.00 1 522.78
2071309773 2008.09.08 17:01 sell 3.00 euraud 1.7356 0.0000 1.7343 2008.09.08 17:05 1.7343 0.00 0.00 0.00 319.60
2071310340 2008.09.08 17:06 buy 3.00 euraud 1.7346 0.0000 1.7530 2008.09.08 21:05 1.7377 0.00 0.00 0.00 753.21
2071323854 2008.09.08 21:05 sell 3.00 euraud 1.7376 0.0000 1.7310 2008.09.08 22:41 1.7315 0.00 0.00 0.00 1 494.38
2071329528 2008.09.09 00:29 buy 5.00 eurjpy 153.13 152.78 153.54 2008.09.09 00:48 152.77 0.00 0.00 0.00 -1 664.66
2071329565 2008.09.09 00:31 sell limit 5.00 eurjpy 153.54 0.00 151.06 2008.09.09 01:18 152.69 cancelled
2071330761 2008.09.09 01:18 sell 5.00 eurjpy 152.71 0.00 151.06 2008.09.09 03:58 151.77 0.00 0.00 0.00 4 364.38
2071334927 2008.09.09 04:00 buy 5.00 euraud 1.7365 0.0000 0.0000 2008.09.09 04:01 1.7384 0.00 0.00 0.00 770.35
2071334979 2008.09.09 04:01 sell 5.00 eurjpy 151.85 152.03 151.09 2008.09.09 04:05 151.56 0.00 0.00 0.00 1 348.58
2071335520 2008.09.09 04:06 sell 8.00 eurjpy 151.44 0.00 0.00 2008.09.09 04:16 151.75 0.00 0.00 0.00 -2 305.04
2071336157 2008.09.09 04:18 sell 8.00 eurjpy 151.75 0.00 0.00 2008.09.09 05:24 151.36 0.00 0.00 0.00 2 902.87
2071342418 2008.09.09 06:18 sell 5.00 euraud 1.7496 0.0000 1.7455 2008.09.09 06:23 1.7466 0.00 0.00 0.00 1 211.10
2071343051 2008.09.09 06:24 buy 5.00 euraud 1.7455 0.0000 1.7511 2008.09.09 06:29 1.7427 0.00 0.00 0.00 -1 132.32
2071343353 2008.09.09 06:29 buy 5.00 euraud 1.7438 0.0000 1.7662 2008.09.09 08:03 1.7502 0.00 0.00 0.00 2 575.04
2071347464 2008.09.09 08:03 sell 5.00 euraud 1.7498 1.7553 1.7459 2008.09.09 08:17 1.7506 0.00 0.00 0.00 -322.40
2071347497 2008.09.09 08:04 sell 5.00 euraud 1.7522 1.7553 1.7459 2008.09.09 08:17 1.7505 0.00 0.00 0.00 685.10
2071364075 2008.09.09 14:35 buy 5.00 eurjpy 153.04 152.68 153.46 2008.09.09 14:36 152.92 0.00 0.00 0.00 -555.71
2071364093 2008.09.09 14:36 sell 5.00 eurjpy 152.93 153.21 152.01 2008.09.09 15:53 152.29 0.00 0.00 0.00 2 965.71
2071366981 2008.09.09 15:47 sell 5.00 eurjpy 152.53 0.00 152.41 2008.09.09 15:51 152.41 0.00 0.00 0.00 555.81
2071367375 2008.09.09 15:54 sell 8.00 eurjpy 152.23 0.00 0.00 2008.09.09 16:09 152.08 0.00 0.00 0.00 1 112.55
2071371277 2008.09.09 16:45 buy 8.00 euraud 1.7438 1.7398 1.7662 2008.09.09 18:12 1.7519 0.00 0.00 0.00 5 231.31
2071381219 2008.09.09 19:21 sell 8.00 euraud 1.7503 0.0000 1.7399 2008.09.09 20:48 1.7506 0.00 0.00 0.00 -194.81
2071384370 2008.09.09 20:48 buy 8.00 euraud 1.7505 1.7477 0.0000 2008.09.09 21:25 1.7550 0.00 0.00 0.00 2 912.04
0.00 0.00 9.20 28 994.95
Closed P/L: $29 004.15
Open Trades:
Ticket Open Time Type Size Item Price S / L T / P Price Commission Taxes Swap Profit
No transactions
0.00 0.00 0.00 0.00
Floating P/L: 0.00
Working Orders:
Ticket Open Time Type Size Item Price S / L T / P Market Price
No transactions

Summary:
Deposit/Withdrawal: 0.00 Credit Facility: 0.00
Closed Trade P/L: 29 004.15 Floating P/L: 0.00 Margin: 0.00
Balance: 30 055.68 Equity: 30 055.68 Free Margin: 30 055.68
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Gringinho · Sep 9, 2008

Well, if it's one thing we all know - you can't be trading 24/6 ... or else you will crash. It's nice being on a roll and "seeing clearly", though.

ssblack · Sep 9, 2008

What a nut. He must have been on stims and up all night.

Reaver · Sep 9, 2008

Quote from ssblack:

What a nut. He must have been on stims and up all night.
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Yeah I heard that fucker sold his soul to the Devil....a Blue...Devil...

Crazy bastard.

ssblack · Sep 9, 2008

Quote from Reaver:

Yeah I heard that fucker sold his soul to the Devil....a Blue...Devil...

Crazy bastard.
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lololol