sure it can be done. It can be done many different way like putting it all on red. That dont impress me. Like you said how I dont even care to learn his strategy but at least see a trade. Any way do I have any takers on investors on seeing me make a million disapear in 36 months. I tell you what since it is possible (see someone is confident up there) I will do it in 36 hours without even placing a trade
Hating, frustrated, money-losing, dream-bashing, nothing-better to do than 500+ post, old-timers aside, it CAN be done. Iāll ask again, how do YOU propose to do it?
who you calling old. those be fighting words
Hi Forextraderprofit,
Well the process is pretty simple really. I posted this some process in this thread below a while ago. I made a few changes. See below.
I started trading with $1000.00 using FXCLUB ExpressFX. Now I am using a MT4 account. Every day after 6pm I review each pair available to trade. There about 30 pairs on my MT4 account. I look for pairs that have changed 100 pips or more within the last few days. Each pair that I find with this change, I open a position with trade size of only 1000. Now Iām simply āguessingā that the pair will bounce back at least 50 pips. Iām only trying to make $5.00 per position opened. I will leave all of these positions open over night. In the morning before 8am. I will review all currently open positions. Any positions that I find made at least 25 pips ($2.50) I will close out manually. I will then review each pair available to trade and open new again like before. I continue this process until I double the account. Once the account has double, I double everything in this process. Instead of opening positions with a 1000 trade size. I will now open positions with a 2000 trade size. The plan stays the same for finding what positions to open, but now since the positions are more I increased the take profit to $10 per position instead of $5 per position. Same goes with closing positions out manually. I now close out positions manually that have made at least 50 pips ($5.00). Now I bet a lot of you are wondering handle positions with large drawdowns. If the drawdowns on a opened position goes over 250 pips, which does happen from time to time. I will increase the position from 2000 trade size to 20,000 trade size with the same take profit. This high increase in trade size is only done after 6pm EST. Please let me know if you have any questions or commits. I have won 85% of every trade I placed this way to date.
New account balance $12,817.48
Just over $200 in profit from yesterday.
actually your idea for price bouncing back to about half the previous candle is pretty good I guess. I just dont like the 250 pip risk to make 50 pips. then if you trade is 250 in the red increase position by 200%. But its your money not mine
Iām not one to place doubt on any trading method, as they usually all have valid points, and over time even the most flawless plans can turn a profit. But, from what I have just read, you are taking a trade in a pair that has moved 100pips within the period of a few days. This just has no relevance to price action, or any sound technical analysis behind it.
And your also saying that if a position goes against you by -250pips you then further add to your already losing position by another TEN TIMES the value or your original positionā¦please correct me if I am wrong. This is just waiting to crash against you?
The only thing you have in your favour, is that you are operating well within your margin requirement. But the reason for placing your trades is the most obscure method I have ever come across.
It would also be more relevant if you could not only show your āNew Account Balanceā, but also your floating profit and loss which is still under exposure to the markets. i.e. the trades which are still open and running against you
His method is averaging down. Some of you will get the idea :57:
Btw, just open a $118 account, turned that to $10k overnight. Beat that, Mikey. Just saying :10:
Hey Mike, when you turn that thing into a Million, Iāll invest 
Hey mike when you make your million just up that averaging down method and you will be able to make it dissapear quick to
True, I havenāt seen a single trading account manage to turn a profit over the long term which uses averaging down. Best of luck though, im always up for being corrected.
Yes I cant see how averaging down can workā¦be great if it does, only thing that works for me in trading is reconising structure, fibs and 200 sma and 20. all the other stuffā¦cant see how it helps
For that timeframe, it requires a great deal of luck.
More wisdom from people who LIVE on forums. I come here to get good laughs and read negative BS from naysayers. Donāt listen to the failed forum livers in here OK?
Oh the ironyā¦
Predictable blindness. The ones who live on this forum are the ones with honorary titles to their usernames. OK? It was proven quite a while ago that those with honorary titles to their usernames are all failed traders. That was proven!
I never requested an honorary title. Nor have I ever once directly related the number of posts I had to be any bearing on the type of trader I am. If anything, one would be able to see the evolution of my trading over the last five or so years and draw their own conclusion. Whether you believe me to be a successful trader or not is insignificant to me as my infrequent presence on this forum is not to declare success or failure of any kind.
With a name like [Jonny] (meaning condom in the UK), [rich] (which is your trading dream), [007] (your not as cool as him)
So your an expensive condom with a license to killā¦smart.
Back at it again. Trying something new.
Ouch
Hahaha
So, how did the million-dollar dream end?
Not in tears, I hopeā¦