x2 model (double money) in fx and gold trading

[marketdecoder]

P.S it is totally not cool for not being able to trade forex in this acct at the moment, there are some great opportunity in both USDJPY and GBPUSD this week, that account would be at least 75% profit level as of today and i can't capture with this account. If it wasn't for this no forex trading drama of theirs, i think we should be at first x2 right now already after accounting their liquidation of my gpbusd position last week that would have earned at least 300+ USD extra to the account. So right now it is just Gold i focused on this account until moving to next dealer.
on the side note: so far i made 5 nuts calls on Stock, 2 gold, 1 index, and 1 head up call on forex that is on the money, with planned 10 calls on each gradually while i complete the fine tune of x2 model template. The reason i am not active in making calls on forex the past few weeks as i focus using it for x2 model completion during that time. Now that no forex trading for this account the next 2 weeks at most, i may come back and deliver some call , but i still prioritize the trading on x2 model first during this time.

 

[drownpruf]

Begin: 11/25/2103
Equity: 4.8K (attached pic)

note: GBPUSD, USDJPY, GOLD are 3 mainly traded instrument in this account. With this dealer, there are 2 pip commission, with spread 4 pip on USDJPY and GBP (yes, it is high), but the guy set up this account get a rebate back on the commission and 1 pip on spread , so total of 3 pip rebate back per lot weekly. So my goal is to x2 acct per month from now on, with target of 3-5 x2 using modified formula of 1/2 max volume allowed at any given position to better sustain fluctuation before winning . Upon first week update, i will provide investor view-only password to see indepth history of trading on this account.

You're a vendor with less than $5k in your account? Dude, stop advertising here. It's annoying and desperate. Go start a Ponzi on one of the high yield forums.

 

[marketdecoder]

drownpruf,

This is me having a courteous conversation with you out of respect as you have always inadvertently be helpful to me (like emphasizing on the heat factor), so a few thing i want to put on the tablet at this point.
1. other day i was watching a cadillac commercial, they briefly was saying amazon, hp, disney, mattel, start from a garage, a humble place . How about i say to you, i, marketdecoder (aka.the nuts trade caller) start from Elite Trader forum, an popular place for trader.

2. Also, The other day i was reading on CNN, that there is guy turn 1,500 into 1 million in 3 years ( http://money.cnn.com/2013/12/16/investing/penny-stock-trader-millionaire/ ) , i think he do penny stock, though the result is impressive, but i think it 's tough to replicate that. You can say that i try to simulate the same result ,(just have to go to 9 2x), but within 1/4-1/2 the time publicly and be able to replicate that to others via the template i will gain from this attempt at ET. On the other hand, a few years ago, i saw a buddy of mine winning 50k in 1 weeks, just to lose 1 million+ in a month later in Gold. He won't be in the news, as he is on the opposite end of the spectrum, though these 2 example share the same amount of result.

 

[marketdecoder]

3. Having said number 2, it bring up a matter of draw down , and Draw Up. Draw down is inevitable in trading, but only upon having the true balance in executing combined with a solid high certainty (up to the nuts grade) that you can achieve this consistently, thus minimizing the damage and still be resilient enough to march forward. Having said that, i will say more about Draw Up : this is what we are here for in trading. We suffer pain, misery, sorrow, roller coaster, sleepless, so that we can have this. If being able to bring the Draw Up consistentlly to the table down the road to traders while minimizing draw down, and you call me a desperate vendor, then yes sir, i am.

4. Drownpruf, in trading I wasn't there for you at your darkness moment, nor you 've been there at my hellish time. So let's show some courtesy to one another as trader to trader as we both understand the name of the game: if you are right, people stick around, if you are wrong and get burned: nobody give a damn. I work hard to stay relevant by being right and experiencing consistent draw up as long as possible. Also, I've been trying hard to be courteous to one another, so i would hope to instill this spirit in you. I 'll be clear to you, I 'll be vendor when i place a banner ad, and sponsored forum here at ET after i am done calling 30-40 nuts call and complete the x2 replicable template as i will choose ET to be my start up place. As i said before, this will be a hugemongous task, but i am up for it.

P.S for now you don't have to worry about how much i have in this account for showing publicly or other account that i have. Because for now just assume that we both don't know what the future hold after accounting draw down/draw up in place.

 

[drownpruf]

I take issue with the fact that you've attempted, on more than one occasion, to sell services here. The paradox is as old as time... you won't need to offer trading advice for cash if you're a success, and you won't achieve any level of success selling signals if you're not making any money from trading.

Yes, there are vendors making money from fraud, but it's not the same thing, now is it?

 

[marketdecoder]

drownpruf,
Also being courteous, i respect whatever you are assuming based on your experience with what you have seen at ET regarding vendor. I will not wage any war of words with you and distract us both nor trying to defend what i am doing here. The reality is day to day we both face with danger in trading, and that is enough to deal with already.

There are always 2 sides on the aisle, it just matter which aisle see the good in it, and which one see the bad in it, and i think traders themselves have as good insight as you do in seeing what i am doing here at ET. You can fillibuster all day long from your aisle, but it will never change the fact that i have proved that am capable of making the nuts trade call so far (9 total), and have a serious potential to complete the x2 model template. To be honest, i could care less if anybody would buy in or not. It is a trophy for myself to be able to externally speak it out at the nut grade and get it right. I would challenge you to do the same though, just for the sake of seeing how much insight you have in the market already. You are good at making judgement on people, let see how good you are in making a judgement the market by speaking out loud as you did in making judgement on people, just to see the other side of you. I understand that you make good profit so far, which is good for you, but how is that gonna be beneficial to the trader next to you ? Though trading is a competition itself among trader, but in GOLD, Forex its between trader and the big guy/dealer, it just happen that i gonna take side with traders for now.

With regards to your warning of people about vendor fraud, i will take advise and say this right now: Hey you guy, do not follow me, do not buy any service nor try to get involve with the x2 model because drownpruf say so, but let hear what he has to say about the market first, in particular of DDD, YELP in stock, Gold, GBPUSD, SP500.
Anyway, that is it for now drownpruf. I will focus on what i do, and you do what you gotta do with your spare time . I show my courtesy to you by going along with you without any fuss. This will be very close to the last time i have to speak much off topic. Have a good weekend.

P.S one last thing, i just say it so you know a bit more about me: if i said before that my ego is a big fat 300 lbs man that i drop off while speeding through the market, then Expection of any kind is a 800 lbs gorilla (in the trunk) that i dump off as well.. So that you know i am very very light going forward drownpruf.. I reason, i plan, i execute with the least amount of psychological noise as possible. i tried hard to have no perception of failure in my world that trigger negative emotional response as it is the biggest drag in our action/execution, rather they are learned experience: kinda like thomas edison said: he found 2000 ways not to make light bulb, where i found 100+ ways of not to trade the market.

 

[marketdecoder]

lunar new year is in full effect since last week, luckily some of the main days are in this weekend, otherwise, dealer will continue to pause trading. We have some minor progress last week, and it is my goal to wrap up the first 2x this upcoming week, so i will pushing it a bit toward more aggressive for this coming week as we currently stand at 1,374 profit at this point. Again, i feel very sustainable at this point moving forward having reducing the aggressive volume abit to compensate on the sustainabiity, though time is a bit slower, but i believe it is the price of being able to achieve this model to its consistency of making it to end now, and on any other later attempt.

 

[marketdecoder]

we got first set back this week that account move back to profit 1,119. , and i think that is it, in term of me having enough of this no forex trading with this current dealer, and the frustration got the best of me at this point. I have asked the guy who setup account to facilitate the transfer to new dealer and it is in the process as current dealer removed 2nd 1k credit and take out profit to move to new account. Though the initial plan is to move to different dealer when done first x2, but this set back will trigger this move early, as i want in action on forex that i have been missing out the past 2-3 weeks on this account. Will resume trading with new account once provided.

 

[marketdecoder]

Got new account today with different dealer imms after moving to one that can trade forex freely along with gold. Spread is still high at 4 pip spread with additional commission of 3 pip, but will get same rebate on spread and commission as on old account. Resuming trading with equity start 2,119 with 1k dealer credit and 1,119 profit from old account.

 

[marketdecoder]

Got some decent win beginning of the week, and currently hang on to GBPUSD for sell from 1.6705-10 area with 0.9 lot, GBPUSD stretched quite a bit to 1.68 area before retrieving. I felt a little rushed and pushy on the volume as it is about 3/5 of max volume at the moment with GBPUSD and GOLD, where with 1/3 of max volume would achieve the most stable balance that i 've been handling. The consistent discipline to stick with the 1/3 max volume has not been quite settled in real time as i wanted from the psychological standard point in order to keep moving forward consistent as i envisioned for this x2 model. It gonna take a bit more trading handling with this model to get this down on every trade series as i still go over this threshold from time to time and it does put the account unnecessarily in jeopardy. From my assessment on what it takes to reach x2 model goal consistently down the road, it is a must to have 1/3 ratio to stay balance while dealing with fluctuation. Executing this model is a bit more sticky than i expect, especially when i went over the stable 1/3 max volume threshold mainly due to my own psychological interference trying to push the volume, and that will be my foremost priority going forward in order to make it to the end, and be able to consistently do it over down the road and to gain what i call a 'template' for this x2 model to be able to apply to any account size later (start with 10k, 20k) , and it is the more important goal to gain this template. In term of time frame i give myself 'til end of march to gain this template for the 4 times x2 model, and end of 2014 to gain a 6-8 times x2 model.