I guess not..the link is closed off now.
$ amount pretty irrelevant, he said the account is his whole risk size so it could only be I'm guessing 1-5% of his whole trading capital.
Hello World! I <3 Forex
- Thread starter Lemoonjuice
- Start date
-
- Tags
- forex forex trading hello
I guess not..the link is closed off now.
$ amount pretty irrelevant, he said the account is his whole risk size so it could only be I'm guessing 1-5% of his whole trading capital.
- Joined
- 13 October 2015
- Posts
- 92
- Reactions
- 9
Hey, I did close the link yeah. I plan to create a new account this week as you suggested.
I have already taken 50% out of this account and now it is going to be a "Long Term Account". There is 6 positions currently open.
I will upload a fresh account sometime this week once i get pumping!
My profit can average between $100-$300 an hour over a 14 hour trading day.
This hourly wage does not include any longer term accounts or lucky instant profit moves.
This is just a constant income based on scalping profits in the volatile market.
By creating a new "Game Account" it lowers my overall risk of over trading / over leveraging my account into the market. Keeping my longer term positions safe and locked on the map without me touching or breaking them.
This is my open positions i am leaving on the account for "Long Term"
Time to build a fresh account.
- Joined
- 13 October 2015
- Posts
- 92
- Reactions
- 9
https://www.myfxbook.com/members/ChucksForex/beast-within/1823046
Active again, just note there will be limited trading on this account now that it is a longterm account.
- Joined
- 13 October 2015
- Posts
- 92
- Reactions
- 9
Being a scalper i can determine my own hourly wage by closing out positions as needed to raise my daily profit.
At $100 per hour, over 14 hours.
Daily: $1400
Weekly: $7000
Monthly: $28,000
Yearly: $336,000
My hourly wage is the only thing i can guarantee in this epic market, everything else on top of this is a bonus!
At $100 per hour, over 14 hours.
Daily: $1400
Weekly: $7000
Monthly: $28,000
Yearly: $336,000
My hourly wage is the only thing i can guarantee in this epic market, everything else on top of this is a bonus!
I hope you understand why people get skeptical when somebody uses,, word like "Number rule, Print money! and "My hourly wage is the only thing i can guarantee"... how can anybody guarantee anything in trading? I know I know you are going to say you don;t care about what others think... and if that is the case then why bother sharing! any way best of luck.
by the way did not understand 2 things
1) why do you keep opening diff accounts? if you need to establish creditability shouldn't all trades be in a single account?
2) are all accounts disclosed?
You have no obligation to answer this since you are not flogging any commercial system.. so ignore the question if you wish !
- Joined
- 13 October 2015
- Posts
- 92
- Reactions
- 9
Hey!!
One thing you said was, How can anyone Guarantee anything in trading. Exactly correct!!! Exactly...
Who knows whats going to happen... I have no fkn idea. All i know is that within the last 2mins my scalp trade is now +$10. Print that trade, lock in $10. Now your hourly wage is locked on the map. Safe as the food in your fridge.
This is the only thing i can Guarantee out everything i do that will work every day.
Print that small money over and over and over again as the chart bounces.
----
1) why do you keep opening diff accounts? if you need to establish credibility shouldn't all trades be in a single account?
I am not trying to gain credibility, I am trying to share what I do in my own way in the search for other traders who are doing it like me, or traders who want to learn how to think outside the box.
The main reason for creating new accounts is 'Survival'.
It takes one mistake to blow up your account. You could win for weeks... then boom dead, one mistake.
As I build long term positions, some of which are 2,000+ pips right now, Surviving to fight another day is a must.
I create the new accounts to protect my position build up, protect my money, protect my accounts.
Make sense?
----
2) are all accounts disclosed?
Clearly all my accounts are not disclosed and there is not a chance i will be uploading them all to myfxbook, this is the first time have uploaded anything to those sites.
----
We all have our own way of communicating, even tho mine might be straight to the point with no filter, this is me and all i want to do is help other FX traders get out of the slumps.
This is how i trade every day, week, month for the last 5+ years
Even tho i created a new accounts and spent most of my time scalping on there, I still managed to closed out a few extra on my main account.
Last weeks closing 2139% -> This week 3574%
- Joined
- 13 September 2013
- Posts
- 988
- Reactions
- 530
- Joined
- 18 August 2016
- Posts
- 29
- Reactions
- 0
Hellooooo peeps. Just to clarify any misgivings in credibility, i have been chatting with chuck for a while now on skype, and in fact seen an entry on gbp before the big drop a few days previously, and when i seen the big drop my instant thought was OH MY.
He's not a salesman lol, just broke the mold in regards to technique haha.
I missed the big drop on the gbp (sad face) as i have taken a few weeks off from trading.
He's not a salesman lol, just broke the mold in regards to technique haha.
I missed the big drop on the gbp (sad face) as i have taken a few weeks off from trading.
- Joined
- 13 October 2015
- Posts
- 92
- Reactions
- 9
Thanks Wharris.
I just cracked 4,000%
95% of my wins are coming from GBPAUD. Short till its not! Read 1min candles for strength.
All profit is good profit. Raise and lower risk as it happens.
I just cracked 4,000%
95% of my wins are coming from GBPAUD. Short till its not! Read 1min candles for strength.
All profit is good profit. Raise and lower risk as it happens.
- Joined
- 17 August 2006
- Posts
- 7,739
- Reactions
- 8,331
Thanks Wharris.
I just cracked 4,000%
95% of my wins are coming from GBPAUD. Short till its not!
Lemoon ....
Your % win rate is up to 4000% based on 95% SHORTS on recent GBP/AUD trades??
Given the GBP/AUD has been a Shorters nightmare for the last 24 hrs I cant see how the maths adds up??
Can you give us your recent open/close positions for verification of this miraculous 4000% .... I'll be the first to congratulate you if you have done what you say, but the "body language" is looking a little dodgy to be honest!
Attachments
Do you even forex ? Instant rich/guaranteed income who cares what the market is doing !
- Joined
- 17 August 2006
- Posts
- 7,739
- Reactions
- 8,331
Do you even forex ? Instant rich/guaranteed income who cares what the market is doing !
..... Indeed!Current skepticism aside, some of the ideas I see from Lemoon are totally reasonable .... Taking some short term profits while looking to build long term positions etc is perfectly sensible. Spruiking 4000% gains without showing trades is not helping anyone however.
Lemoon, If you have been fortunate enough to get a runner and turn a $200 account into an $8000 account; that's great. I could be wrong but I'm concerned that there may have been a multitude of other $200 accounts blown up in the meantime which we are not hearing about
If you are good at FX trading, congratulations, but I'd forget about trying to impress people with % gains and simply post up more of your trades. People here won't judge you if you make bad trades ... making misleading claims on the other hand is not seen as
Cheers.
- Joined
- 13 October 2015
- Posts
- 92
- Reactions
- 9
4051 -> 3576% .
This removes this weeks profits.
As you can see in the picture I closed my bad trades once the "Reversal" happened.
Not at the peak for maximum loss.
This removes this weeks profits.
As you can see in the picture I closed my bad trades once the "Reversal" happened.
Not at the peak for maximum loss.
- Joined
- 17 August 2006
- Posts
- 7,739
- Reactions
- 8,331
Hi Chuck, (I like that better than Lemoonjuice
) ........ Firstly, I am not trying to "dis"credit you ... rather get you to prove your credibility because successful FX traders are a rare breed, and ASF could well do with more of them .....
I will be the first to cheer you on if you are trading FX profitably .... I tried for 3 years and still couldn't do it consistently .... Minwa is one of the few I know who has/can do it ....
On that note .... you may like to explain some possible anomalies ...
You state that the majority of your current success has come form Short GBP/AUD trades Totally agree the downtrend has been potentially rewarding.
You stated on the weekend of 22nd October the following ... Last weeks closing 2139% -> This week 3574%
On that week the GBP/AUD actually closed the week UP roughly 90 pips so without trade confirmation you can obviously see how your claims could be misinterpreted, yes??
I am already assuming your response (which I know could be totally legitimate so I'm not trying to bait you) ... so all I am asking is, can we see your trades for that week?
If you have nailed this trade, take the opportunity to gain the credibility you deserve by posting up that weeks trades ..... and I seriously hope you do!
Cheers.
- Joined
- 13 October 2015
- Posts
- 92
- Reactions
- 9
Hello and thank you for the reply!,
While pondering how to answer this I have just finished some chicken strips with bbq sauce and mayonnaise.
I think i have the answer.
To start things off, lets get into the zone.
This picture was taken on that weekend you are talking about. The 22nd Oct.
This is my plan. 22nd oct.
and this is right now. 28 oct
"My Plan" is as expected. Nearly.
The mistake I made was increasing my lot size as my account got bigger, this cause the most recent loss.
Was less pips but more $$ loss then my average.
I think this answers your question? The pictures.
I had already planned for all of this to happen and in the big picture i have 1,700 pip positions still opened and a 90 pip move / wave does not matter as much.
I just keep on taking my hourly wage while trying to build and survive to fight another day.
Thanks.
I also added a 3rd picture to that post, maybe after you had already quoted the first.
- Joined
- 17 August 2006
- Posts
- 7,739
- Reactions
- 8,331
Chuck, You seem like a likeable slightly eccentric young fellow ..... but your answer really doesn't address my questions of simply "show us the trades you made to demonstrate the % increase in your account".
I will badger you no further and wish you well in your Forex endeavours. Cheers.
- Joined
- 13 October 2015
- Posts
- 92
- Reactions
- 9
Already posted it ?
Now I understand what you are talking about!!
You want to know why my equity jumped so much in one day!
You are thinking I opened up a huge trade or hundreds of trades to simulate growth, even tho the risk could be huge.
No.
I closed out a longer term 1,000 pip position due to the daily candle closing bull engulfing.
As you can see from the above picture when you open it,
I started loading some risk in by adding to my position.
10x smaller positions = 1 position.
Then once I see the daily candle closes and things like that showing me trend might change, I closed out a 1,000 pip position while still holding my current risk of positions i added.
Paying for my risk before it happen.
Then it went back into short mode and i closed out my bad positions for a profit.
--
This picture below is my closed out positions on the weekend you are talking about. 21st - 26th
Notice the 1,000 pip longer term position closed out.
Risk aversion due to daily bull candle.
edit: Link to bigger history. https://gyazo.com/bcb426998614222b05bb0a42ad215bf9
- Joined
- 17 August 2006
- Posts
- 7,739
- Reactions
- 8,331
Ok Thanks for the clarification Chuck ...... The amount of green is impressive!
Are you trading other Pairs as well as the pound/aussie at the moment?
- Joined
- 13 October 2015
- Posts
- 92
- Reactions
- 9
Sometimes yes, Not very often. More money to be made on one symbol.
Look at everything else to find major strength or weakness trends, then trade GA with major trends in mind.
- Joined
- 13 October 2015
- Posts
- 92
- Reactions
- 9
The current retail sentiment is sitting on 45% long, this shows the retail traders are all on my side "Short till its not".
This is not good, if 90% of retail traders are losing money and now all of a sudden they are on my side in my "perfect entry area".
Not good.
I expect to see a stop run now, this should show massive bullish strength luring longs % to raise.
Above 65-75% long is when i would like to start shorting.
This is not good, if 90% of retail traders are losing money and now all of a sudden they are on my side in my "perfect entry area".
Not good.
I expect to see a stop run now, this should show massive bullish strength luring longs % to raise.
Above 65-75% long is when i would like to start shorting.
