Double my money (forex)

mr double · Mar 1, 2006

Quote from gkishot:

Don't despair, maybe you'll achieve a greater success with managing other people's money.

funny ppl,i am the one who don't have even a slightest doubt

ElectricSavant · Mar 1, 2006

I need my guru....

Quote from mr double:

you can,but will you be able to manage out if i stop posting signals?

ElectricSavant · Mar 1, 2006

When you have your own REAL money on the line...it might matter....

Quote from mr double:

funny ppl,i am the one who don't have even a slightest doubt

ElectricSavant · Mar 1, 2006

Now I got to go work at McDonalds to get some more trading capital thanks to you...double quarter pounder!

mr double · Mar 1, 2006

Quote from ElectricSavant:

Now I got to go work at McDonalds to get some more trading capital thanks to you...double quarter pounder!

yes,break is good, makes your head clear
when you get your new capital,let me know,we start trading again

ElectricSavant · Mar 1, 2006

Next time i will double my money....

Quote from mr double:

yes,break is good, makes your head clear
when you get your new capital,let me know,we start trading again

DynamicReplic8r · Mar 2, 2006

Quote from mr double:

usd/cad hit stop, loss 1,760$(40 pips)
gbp/usd hit it too,loss 6,550$(131pips)
bought usd/jpy115,84 limit 116,42,stop 114,91
----------------------------------------------------------
account balance 19,000
equity 14,500

Quote from mr double:

closed usd/jpy 116,21 profit 1,340$(37 pips)
eur /jpy 138,48 profit 620$(18 pips)
sold usd/chf 1,3133
-----------------------------------------------------------------
account balance 20,850
equity 16,800

I don't understand mr double. What is the use of posting where your limit order is if you are going to close out the position before it gets there. Yet, you don't close out your losers until they get stopped out. You took 37 pips profit, but had you gotten stopped out, you would have lost 93 pips. That's a good way to double your money...let the losers run, but close out your winners.:eek:

mr double · Mar 2, 2006

sold usd/chf 300,000 1,3101 limit 1.3076

mr double · Mar 2, 2006

Quote from DynamicReplic8r:

I don't understand mr double. What is the use of posting where your limit order is if you are going to close out the position before it gets there. Yet, you don't close out your losers until they get stopped out. You took 37 pips profit, but had you gotten stopped out, you would have lost 93 pips. That's a good way to double your money...let the losers run, but close out your winners.:eek:

you never know

mr double · Mar 2, 2006

usd/chf hit limit profit 570$ (25pips)

closed usd/chf 1,2980 profit 5,900$(153pips)

------------------------------------------------------------
account balance 27,300
equity 17,200