Sharing my notes from a millionaire fx group.

Discussion in 'Forex' started by johnc19822, Jun 30, 2023.

  1. Sekiyo

    Sekiyo

    Trend following, support & resistance, trailing stops & pyramiding. That’s turtle like trading.
     
    #11     Jun 30, 2023
    Sprout likes this.
  2. TVIS

    TVIS

    600+ pages:confused:
    Just forget
     
    #12     Jul 1, 2023
  3. TrAndy2022

    TrAndy2022

    Gone through it and nothing special. The only thing worth to mention is what I already know. It is scaling in when you are in profits. They used the word pyramiding but the author meant that with a 30 pip trailing stop e.g. he would double he is initial position size every 30 pips when the market moves in his favor (and not adding half size of it like it is common on pyramiding). It is just the law and power of compounding. That is why you also should never add to a loser. All other things mentioned in this pdf are highly questionable. You only need to ride a trend with scaling in and your trailing stop. But the question is still open how to find those trends where you can make a fortune. It is not solved or answered sufficiently in any way in this pdf thread. But that would be the other main key.
     
    #13     Jul 1, 2023
    Sprout likes this.
  4. I've read a good chunk and it is like any other forum.
    I stopped when they started arguing. You can find pretty much the same information here on ET.

    Basic technical analysis and very strong on pyramiding. That always go well when you are lucky enough to get the right side of the market. But what would happen if you stack on losing trades.

    Nothing special from my point of view.
     
    #14     Jul 1, 2023
  5. newwurldmn

    newwurldmn

    It means you are lazy and deserve to lose your money.
     
    #15     Jul 1, 2023
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    #16     Jul 1, 2023
  7. Good morning Sekiyo,

    What does pyramiding mean?
     
    #17     Jul 1, 2023
  8. Sekiyo

    Sekiyo

    It means building up an empire thanks to other people money.

    IMG_9223.jpeg
     
    #18     Jul 1, 2023
  9. Sprout

    Sprout

    I appreciate the time-saving summaries.
     
    #19     Jul 1, 2023
    MoreLeverage likes this.
  10. Specterx

    Specterx

    646 pages. Right off the bat it’s a pitch to incel losers. As a public service to all noobs, there’s less than zero value here.
     
    #20     Jul 1, 2023
    comagnum, themickey and longandshort like this.