The $100 to $1,000,000 Challenge - 3 days in the running

[forex100]

Ok. I understand you now.

I read it only as you wrote it, so the way you wrote it does not sound like what you really intended to say.

To say "You better do......" implies a directive or a threat and not an advice even though you might mean it as advice. For the implication that comes with it is an " .. or else"... whereas for advice, there is no pressure nor directive to comply or even take or accept.

I understand your advice on it being better to take a loss if the trade is bad and I might even tend to agree with you but the question here is...how do you know it is a bad trade ?....what is the measure ?

What if a trade went 600 pips against you and then ended up 50 pips for you when you closed out.

Is that a bad trade ?

Or let me put it another way... same trade went 600 pips against you and closed out 50 pips for you.... Good trade or Bad trade ??

Same trade went 600 pips against you and closed with 600 pips loss. Good trade or Bad trade ??

So how do you tell if a good trade is a bad trade or a bad trade is a good trade before you close out to make it a good or bad trade ??


FX100


Sorry...I meant to apologise before I posted this. I know you did not mean it the way it sounded.

[mtuppers]

Originally Posted by forex100

Ok. I understand you now.

I read it only as you wrote it, so the way you wrote it does not sound like what you really intended to say.

To say "You better do......" implies a directive or a threat and not an advice even though you might mean it as advice. For the implication that comes with it is an " .. or else"... whereas for advice, there is no pressure nor directive to comply or even take or accept.

I understand your advice on it being better to take a loss if the trade is bad and I might even tend to agree with you but the question here is...how do you know it is a bad trade ?....what is the measure ?

What if a trade went 600 pips against you and then ended up 50 pips for you when you closed out.

Is that a bad trade ?

Or let me put it another way... same trade went 600 pips against you and closed out 50 pips for you.... Good trade or Bad trade ??

Same trade went 600 pips against you and closed with 600 pips loss. Good trade or Bad trade ??

So how do you tell if a good trade is a bad trade or a bad trade is a good trade before you close out to make it a good or bad trade ??


FX100


Sorry...I meant to apologise before I posted this. I know you did not mean it the way it sounded.

good trade is that you know trend is going your way. and you win it within short time. like within 3 hours. but more likely is within 15 min.

as bad trade is that you are not in profit within 15 min and all indicators show trend is against you.

okay here is a good reason why you should accept loss is you will make more money then not to accept loss!

like Friday Jan 8 2010

trend is uptrend for eu around 5 hours before market closed.
sell eu at 1.4340 accept loss around 1.4365
buy eu at 1.4370 closed order at 1.4425

after accept loss I still make 30 pip after I open buy order!

and eu want up to 1.4575 before it going down for me to make profit if I has not accept loss.

during this time how many chance are you able to make profit. you should have more then 20 chance. just if you get 15 out of 20 good trend. your profit should be way more then you hold your trade until profit.

[forex100]

Ok..so are you saying what you do here has a 100% certainty ?


FX100

[mtuppers]

Originally Posted by forex100

Ok..so are you saying what you do here has a 100% certainty ?


FX100

well, better be safe then sorry.

as I said is when you do know the trend is not in your way why hold the trade?

since I have no clue what kind of system you are using. unable to see how to improve your system. or you just think the trend is going that way, then you enter, do not using any indicator at all?

if so. I had a very simple system. you may want to use as enter long or short at whole number like eu at 1.4100 and go for 20 pips. well see the trend first. you should able to get 20 pips without any problem. however, using 50 pips at your stop loss.

I had a final system that has not go public yet.

Originally Posted by forex100

This is interesting.

I would like to take up your challenge but I notice that the broker you use is on a MT4 platform. I am familiar with a Saxo platform which Finexo uses. Would you be willing to do it on that platform ?

I already have a funded account started 3 days ago, we could arrange for you to add additional funds to that or I could just supply you screenshots over the testing period.

What would you say to that?

FX100

above is quote form thread Re: Think you are profitable?.. PROVE IT

FX100 the reason I using meta4 is that you can using customized indicators.

off course I have other system I can using with other brokers too.

[forex100]

Originally Posted by mtuppers

well, better be safe then sorry.

as I said is when you do know the trend is not in your way why hold the trade?

You see, this is the part I have issue with. HOW do you KNOW he trend is in your way or not in your way ??


FX100

[mtuppers]

Originally Posted by forex100

You see, this is the part I have issue with. HOW do you KNOW he trend is in your way or not in your way ??


FX100

answer to how do I know when trend is in my way?
is indicators.

using meta4 platform so you can using indicators that may not be avilable in other platform.

traders always saying trend is their best friend. but I am saying indicators are your best pals!

before I using meta4 platform, I using marketiva chart to do trade, however, as in marketiva have very limited indicators when I find out the meta4 and other indicators I start to see what other indicators can help me to do trade to improve the system I have.

there are a lot of good systems out there with meta4

maybe you should read though forexfactory.com or search on google about forex forum or forex blog. you might find some system is right for you!

or here is a system seems like very good Black_Kings_Indicator for meta4

[forex100]

Ok. Are indicators 100% ?

What use are they if they are not 100% ? The method I am using bad as you say it is, is 100% nothing less !!!


FX100

[mtuppers]

Originally Posted by forex100

Ok. Are indicators 100% ?

What use are they if they are not 100% ? The method I am using bad as you say it is, is 100% nothing less !!!


FX100

if you just using one indicator then is crap!

using more then 3 indicator to see the trend!

[forex100]

If one indicator is crap then wouldn't 3 indicators be 3 times the crap ?

I don't use indicators nor charts nor anything. I just use a very time tested method man has used since trading was invented !!


FX100

[mtuppers]

Originally Posted by forex100

If one indicator is crap then wouldn't 3 indicators be 3 times the crap ?

I don't use indicators nor charts nor anything. I just use a very time tested method man has used since trading was invented !!


FX100

indicator will help you to see where trend is heading!

okay since you don't want to learn then there is no point for me to waste the time to post on this thread after this post.

Good luck!