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 Forex Version XIV, Foreign Exchange Market Discussion

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bulkbiz
post Jul 8 2014, 12:20 PM

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QUOTE(mchicken @ Jul 8 2014, 07:46 AM)
Martigale works for me, been with the system for more than a year and still profiting. IMHO, just take good care of the MM and lot management, don't be greedy try to strike big, then it gonna last long with consistent profit.  icon_rolleyes.gif better small than blown account.

PS: Must be modified Martingale like Mix Martial Art (MMA).
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Great!! May I know how many losing streak your martingale system can sustain?

floccrc
post Jul 8 2014, 01:27 PM

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QUOTE(bulkbiz @ Jul 7 2014, 08:19 PM)
Martingale based strategy has been exist for long time in FX trading arena, especially retail trading like us. If you simply check those monthly contest, myfxbook top performer, zulu and so on, you can see a lot of signal provider having a very very smooth equity for 3 years and above (which made me envy and jealous). Debate is on going, expert A said it works, expert B said it doesn't work due to market is random and bla bla bla .... I personally does not use martingale system and I will never use it because I am a true believer market is random. How about you guys here, please discuss smile.gif
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nice..
martingle key is ur first point right? if ur 1st entry is wrong than martingle banyak level pun salah kan.. that is what my sifu told me la.. hehe
SUSlowya
post Jul 8 2014, 03:09 PM

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anyone withdraw from hotforex can leave a note whether how smooth/difficult withdrawal was?
mchicken
post Jul 8 2014, 04:08 PM

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QUOTE(bulkbiz @ Jul 8 2014, 12:20 PM)
Great!! May I know how many losing streak your martingale system can sustain?
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Well, yea. I try to control it under 20. But so far encountered probably 12-14. I can't really remember, coz it seldom happen. smile.gif
bulkbiz
post Jul 8 2014, 06:45 PM

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QUOTE(mchicken @ Jul 8 2014, 04:08 PM)
Well, yea. I try to control it under 20. But so far encountered probably 12-14. I can't really remember, coz it seldom happen. smile.gif
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Because it seldom happen?? hahaha good answer!!

Mind to tell me when you hit 12-14 losing streak, what is your drawdown like? I am just curious only, because martingale system beat even the best trader in the world in monthly contest, and of course the capital is smaller from what I observed.

Please post a link here if anyone in zulu is trading million dollar account with a very smooth equity curve ya, I wanted to have a study on them, just out of curiosity smile.gif
duo8668
post Jul 8 2014, 08:40 PM

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i m using martingale with Dukascopy...
mchicken
post Jul 8 2014, 09:07 PM

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QUOTE(bulkbiz @ Jul 8 2014, 06:45 PM)
Because it seldom happen?? hahaha good answer!!

Mind to tell me when you hit 12-14 losing streak, what is your drawdown like? I am just curious only, because martingale system beat even the best trader in the world in monthly contest, and of course the capital is smaller from what I observed.

Please post a link here if anyone in zulu is trading million dollar account with a very smooth equity curve ya, I wanted to have a study on them, just out of curiosity smile.gif
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Well, you can laugh all the way just like any other when they saw me using this system/strategies, saying it gonna blown in 3 months time. But I made it thru 1 year+. Now that guy dare not to say a word.. smile.gif The DD is hover around 15-20%.

What you see from the monthly contest, the trader probably uses high risk high return martingale with bigger lotsize, if trend goes his way, he will make it, pure luck. All/Most of the contest use only demo account, so got nothing to lose. Probably that month only the trader reach 4-5 level which the capital can sustain the DD. For example, there is one month last year which I made 3k+ pips. If I use full lot, the return gonna be rclxm9.gif , but I didn't. Coz I know that its not gonna happen every month, I need to have good MM so that it can last long. smile.gif
9kingsir
post Jul 9 2014, 03:29 AM

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QUOTE(floccrc @ Jul 8 2014, 01:27 PM)
nice..
martingle key is ur first point right? if ur 1st entry is wrong than martingle banyak level pun salah kan.. that is what my sifu told me la.. hehe
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which sifu tells you that? he so pro.. introduce to me..please
wodenus
post Jul 9 2014, 05:45 AM

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QUOTE(mchicken @ Jul 8 2014, 09:07 PM)
Well, you can laugh all the way just like any other when they saw me using this system/strategies, saying it gonna blown in 3 months time. But I made it thru 1 year+. Now that guy dare not to say a word.. smile.gif The DD is hover around 15-20%.

What you see from the monthly contest, the trader probably uses high risk high return martingale with bigger lotsize, if trend goes his way, he will make it, pure luck. All/Most of the contest use only demo account, so got nothing to lose. Probably that month only the trader reach 4-5 level which the capital can sustain the DD. For example, there is one month last year which I made 3k+ pips. If I use full lot, the return gonna be  rclxm9.gif , but I didn't. Coz I know that its not gonna happen every month, I need to have good MM so that it can last long.  smile.gif
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Myfxbook? that's got more details and analyses smile.gif

floccrc
post Jul 9 2014, 10:03 AM

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QUOTE(9kingsir @ Jul 9 2014, 03:29 AM)
which sifu tells you that? he so pro.. introduce to me..please
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hahahaha u know who
9kingsir
post Jul 9 2014, 07:15 PM

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QUOTE(floccrc @ Jul 9 2014, 10:03 AM)
hahahaha u know who
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your sifu sick oredi
bulkbiz
post Jul 9 2014, 10:40 PM

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QUOTE(mchicken @ Jul 8 2014, 09:07 PM)
Well, you can laugh all the way just like any other when they saw me using this system/strategies, saying it gonna blown in 3 months time. But I made it thru 1 year+. Now that guy dare not to say a word.. smile.gif The DD is hover around 15-20%.

What you see from the monthly contest, the trader probably uses high risk high return martingale with bigger lotsize, if trend goes his way, he will make it, pure luck. All/Most of the contest use only demo account, so got nothing to lose. Probably that month only the trader reach 4-5 level which the capital can sustain the DD. For example, there is one month last year which I made 3k+ pips. If I use full lot, the return gonna be  rclxm9.gif , but I didn't. Coz I know that its not gonna happen every month, I need to have good MM so that it can last long.  smile.gif
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I didn't laugh at your martingale system, you are too sensitive.

I laugh at your answer, which is really not pro la.


By the way, 1 year plus is short period, give it 5 years.
goleng2001
post Jul 9 2014, 11:34 PM

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erm, its quite hard to find this fx thread.. it no longer sticky thread, itsn,t it??
9kingsir
post Jul 10 2014, 05:31 AM

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QUOTE(bulkbiz @ Jul 9 2014, 10:40 PM)
I didn't laugh at your martingale system, you are too sensitive.

I laugh at your answer, which is really not pro la.
By the way, 1 year plus is short period, give it 5 years.
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u say it jor.. 1year+ how to pro answer to u...

doesnt matter 1 years or 5 years.. some even 10years still dont have good answers..
bulkbiz
post Jul 10 2014, 01:32 PM

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QUOTE(9kingsir @ Jul 10 2014, 05:31 AM)
u say it jor.. 1year+ how to pro answer to u...

doesnt matter 1 years or 5 years.. some even 10years still dont have good answers..
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Don like that la, anything is possible mar.



evedlab
post Jul 10 2014, 02:37 PM

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Seriously, how to make money in forex ? I see many people in the forex for few months and years then suddenly quit because of huge loses. I've been trading 2 years but I still cannot get a good strategy. Started of with martinegale which will give false hope because you will never loose (most of the time). I was lucky to exit from this strategy after I survived with 70% drawdown, and finally i realised martinegale accually gives false hope. Since then I'm looking for a good strategy but still cannot find one.

Sure there must be a way to make money in forex, just need to seek best strategies that suits your style. Anyone got good strategies to share? Wait, is there any full time trader trading profitably more than 3 years ?
bulkbiz
post Jul 10 2014, 02:50 PM

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QUOTE(evedlab @ Jul 10 2014, 02:37 PM)
Seriously, how to make money in forex ? I see many people in the forex for few months and years then suddenly quit because of huge loses. I've been trading 2 years but I still cannot get a good strategy. Started of with martinegale which will give false hope because you will never loose (most of the time). I was lucky to exit from this strategy after I survived with 70% drawdown, and finally i realised martinegale accually gives false hope. Since then I'm looking for a good strategy but still cannot find one.

Sure there must be a way to make money in forex, just need to seek best strategies that suits your style. Anyone got good strategies to share? Wait, is there any full time trader trading profitably more than 3 years ?
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Thanks for sharing your experience evedlab.

I am not trading fulltime because I only spend 10 mins on my trading everyday.

Number of years? 6 years already ........ and yea positive every year.

No I don't share my strategy, sorry
evedlab
post Jul 10 2014, 02:53 PM

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QUOTE(bulkbiz @ Jul 10 2014, 02:50 PM)
Thanks for sharing your experience evedlab.

I am not trading fulltime because I only spend 10 mins on my trading everyday.

Number of years? 6 years already ........ and yea positive every year.

No I don't share my strategy, sorry
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Thanks. At least I know got people can trade profitably. I'll continue my journey to look for good strategy. smile.gif
bulkbiz
post Jul 10 2014, 02:55 PM

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QUOTE(evedlab @ Jul 10 2014, 02:53 PM)
Thanks. At least I know got people can trade profitably. I'll continue my journey to look for good strategy. smile.gif
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strategy only 10%, your mindset is about 90%.

you will know soon enough.
Moonflown
post Jul 10 2014, 03:51 PM

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Have anyone heard of TeleTrade?

They have been pretty active recently giving trainings and recruiting retail traders. However all these trainings require you to deposit some money into the broker and you have to train a certain lot to get it back.

I'm sure MLM forex is pretty hot recently but my encounter with this broker doesn't seems like its a MLM.

Do share if you heard anything about it smile.gif

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