I'm getting into this swinging lark!

TWOHATS

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Hi Folks and yes i know what the majority of people thought when reading the title but unfortunatly that type doesnt pass the wifes approval ;). Luckily the other type involves making a few quid for her to spend which surprisingly she does approve of:clap:.
Right my background, i started looking into spreadbetting via a friend who had had small amounts of success on and off about 5yr ago so opened a Finspreads account and for the first couple of years successfully managed to pay finspreads tea boy an excellent wage. Then decided that buying at the top and selling at the bottom was a skill i had mastered to perfection but couldnt find any way this could be used to my benefit :(.
So gave up trading/gambleing for some time due to work. After a year or so decided to give it another go and after a while of more losses i joined a trading room which i really enjoyed being in every morning but was finding that as i could only be in it for an hr or so each morning, i was missing out on trades later in the day which on the occasions when we had a bad morning i had to go to work and couldnt recoup my losses untill the following morning but i can recommend room trading to anyone interested in learning alongside guys who are good at trading but due to work i had to give it up as i couldnt get in the room at all.
Which brings me to where i am today. Over the last probably 6mth ive been following threads by Rav700 and intrigued by his trading abilities throughout his threads. Now before the flood of "go post ya adverts somewhere else" posts start appearing on here note im not a new member although ive not posted much on here due to not having much to tell ,what i have posted is about my trading so no need to waste ya fingertips with any clever comments thx.
Right back to what i was saying, around the beginning of March i subscribed to Ravs THREAD about his new trading challenge http://www.trade2win.com/boards/trading-journals/56500-my-new-trading-challenge.html and began following his progress from then on and was impressed by his results and put my name down for the begining of the challenge which started at the begining of may although due to work didnt get round to joining till the middle of June.
Now i must admit after my past record of trading the wife wasnt too keen on me giving anymore money away to keep Mr Finspreads in the manner he is accustomed to, So i opened a cfd account with IGMARKETS on the recommendation of Rav (as spreads close out everynight) so that kind of foxed her:whistle:lol:.
After a few phone calls from Rav i was full of confidence that this is it (y) "This time next year my dear we'll be millionaires!!";). I fired another £1000 into the account and with my wife and one or two of my mates laughing and telling me i can kiss that grand goodbye, i awaited my first trade. Now dont get me wrong and many of you will be saying ha its just a signal service youll get an email telling you to short this or buy that its far from it, my first trade was given to me over the phone with the reasoning behind it my entry/sl and where we were looking to take profit and in the coming months the method in which he picks these trades will be taught to myself and the other guys who joined him in his challenge.
Results... well from that trade till now which i think was on the 19th june(and apart from one minor hiccup on my part where i exited wrongly) i havent had a losing trade and my account stands at £2053 as of today after we just exited our e/g long and cable short for another 220 odd quid and thats like 2 and a half weeks. I have looked at my laptop about 5 times and have done most of my trading from off the scaffold at work via my phone.(im a builder) and am up 1168 pips.:clap:
Now im hoping the other guys from the club will come on here and confirm my results to prove im not bulls#*+ing as all members are t2w guys.

The reason ive posted this on here is really to prove to people that some guys out there are very skilled at what they do and dont consistently lose money like i mostly did and are also willing to help others do the same.
my Thx go to Rav and i look forward to learning the trading techniques used.
at the minute its a bit set and forget trading and upto now its been spot on but hey if i can make money with no chart watching then thats ok by me for now!

Thx for reading and look forward to hearing from the other guys or anyone really.
Andy.
2009-07-07-77296.jpg 2009-07-07-77332.jpg
apologies if this history is a bit naff but its a webcam pic as i couldnt get my computer to take a screen shot from my ig account and thats how it comes out.the totals are in yen,usd ,cad and gbp.
 
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Hi Twohats,

I also followed Rav's Challenge thread on Trade2Win and can testify that he is massively sucessful and I have had many conversations with him where he has explained where the markets are heading and the reasons why with outstanding accuracy.

I take my hat off to him, of cource you can do this twice.

Cheers


Phil

:cheers:
 
Hi Phil
Thx for your post my friend its good to hear from a fellow follower and
helps give a bit of credebitily to my thread cos generally when someone
blows smoke up someone elses a*@e on here they tend to get shot down
with very large guns lol.
I subscribe to a few good threads on here by some very good
traders and enjoy reading them and keeping up to date with their
journals. Hopefully we can start posting a few of our results on here
for other swing traders to compare with and just gives Rav a bit of noteriety for his hard work. I dont feel it does any harm if someone is willing to share his skills with others to blow their trumpet a little.:whistling
Thx
Andy
 
Hi Twohats,

My journey in trading is very similar to yours, I started without really having a trading plan and definitely no real discipline I would place trades on the FTSE to rise or short the Dow index without any real reason as to why the trade would go in my direction and invariably it didn’t and I would lose money , I moved onto trading shares also with little success.

Since working with Rav who is a Mentor in every sense of the word my trading is improving vastly I get detailed reasons why the particular currency being traded is going in the directionas his analysis predicts, I am up over 1500 pips in only 3 weeks which I could never in the early days even dream of, I will post my statements of these trades when I fathom how to.

I'm looking foorward to Rav's next Challenge starting next week.

http://www.trade2win.com/boards/trading-journals/56500-my-new-trading-challenge-62.html

Cheers


Phil
 
Well over the last few days we have experienced what swing trading is all about but thx to Ravs phone calls of an evening to clarify what is happening in the market and why its happening it all seemed a bit of a breeze.
Upto this last trade only 1 trade has ever had a drawdown larger than 200 pips and most times entries are pretty accurate within a few pips.(nobodys perfect lol) We shorted cable last week and it popped up thursday friday about 300pips from our entry(although to be honest i didnt realise as when im at work i dont look at the charts and i am 100% confident that Rav will call me and let me know if i need to do anything to my position) so this was our first taste of a decent drawdown. After a chat on the phone Friday Rav was still confident that cable would drop back to test the 6000 level and to just sit tight and leave the position to play out as origionally planned.
Whilst sat putting ridge tiles on a roof today I got a call from Rav to tell me my trade was in profit and to move my s/l to BE as he had a feeling it might retrace before hitting the 6000 target. He called a while later to let me know our stop had been hit at BE and cable was back up at the 6170 mark so all is good still and with our 100%win rate still in tact we are now awaiting an entry at a better price.
Imust admit though had i been sat at home all day chart watching i would probably of been nipping my a#*e cheeks a bit when down 300 pips but i am 100% confident in every trade we enter that our target will be reached and it helps to know a bit about the reasons why.(and to not look at charts lol).
So onwards and upwards and am now sat awaiting our next entry with cable now at the 6230 area so a good call to exit when we did.:clap:
 
Glad to hear you're making money.

I can't seem to find Rav's entry methodology, stop size and money management ideas in his thread. Can you summarise, please? :)
 
Hi Twohats,

I was in the very same Cable short as yourself and was ably guided through it by Rav, I think it builds great strength into your trading to see a currency trade go up to 300 pionts against you and to stick with it, Rav has filled me with so much confidence his methods are fantastic for anyone looking for a mentor who can guide them sucessfully through trades.

Cheers


Phil
 
Hi alll
I also took Ravs challenge afew months ago, and thought id give swing trading a try after following his journal. After reading the guidelines and being guided by Rav on what to do and what not to do the challenge started.
This was a live account i was trading, and followed the signals as and when they came from Rav.
At the end of the month i had gained an impressive £1k on by account trading £1pp. Less stress, less time at the PC and easy work.
Mind you with swing trading you have larger stops than intraday trading, but thats expected, a slight drawdown here n there, which didnt worry me as Rav was guiding on what to do and what to expect and when to adjust stops and targets.
I have learnt alot from Rav, and feel alot more confident in placing swing trades.
I shall try and post my live statement whn i can get round to it.
And a big thanks to Rav. Nice 1!!
 
Hi Guys and thx for posting on my thread its nice to hear from other team members and to find we are all enjoying the great results gained from "Swinging with Rav":LOL: This style of trading really suits me as i just dont have the time to be at my computer through the day so having someone monitoring the markets and then ringing you to tell you when to enter/exit etc is a lazy traders dream;).
Hi Shadowninja, as ive only been with Rav a few weeks we are focusing on building my account before we start to spend time on how he trades. I pointed out to him at the start i dont have the time at the minute to take time off work to sit with him while we discuss entries and market reading etc so to be honest at present the methodology is ENTER- When he rings me. SL- varies depending on entry. EXIT- when he rings me. :D. I'm affraid until work eases off thats all i know but hopefully in the not too distant future will find time to learn.
thx again guys
Andy
 
On the last short we had a 600 pip sl. Now untill starting with Rav that would have been a complete no no for me as i would place small stops on all my trades then sit there and watch them get taken out time after time. After speaking with Rav over the last month or so he has changed my view entirely on the sl front(and as i mostly tried day trading my stops would obviously need to change to allow for swing trading). Rav is a Daily candle, Murray Maths trader(this i need to learn about) and i feel he is only putting sl's in to keep us happy as he has been a full time forex trader for the last 5yrs and did say that he has never used them in swing trading. If you look through one or two of his threads i think he does mention this in there and explains all of his trades. He aims to get us around 10 trades a month with a target of a 100-200 pips per trade so my first month of just over 1000pips was spot on.:clap:
Can i just say before we start with the "OOOH big stops thats a sure fire way to empty your account!" i prefer people to follow along and see the results as i dont care to mention the accounts that ive successfully smoked using small stops! so im happy to go with it and ill post all the trades for you all to follow.

By the way Shadowninja are you still giving those nunchakas away cos theyre the dogs(y):shuriken:
 
Thanks for the info. I suspected that was his trading style. I'm not going to comment because whether you make big profits or blow up has no effect on my success and I can't be bothered arguing. You've clearly decided your current system works, so keep your guard up. (I would wish you good luck but if you need luck then you're in the wrong game.) :)

How big were your stops before and what style of trading were you doing?
 
Big stops is not a problem if you trade it correctly. I have 2 concerns:

1. You're just blindly following this rav guy (I haven't cared to find out if he's good or not) and are you learning anything out of this and what will you do if one day old rav decides to go live in the caribbean and never trade again?

2. If you take a trade with a 200 SL and a trade with a 600 SL do you change your position to reflect that size or will you lose 3 times as much with the 600 SL position as the 200?

One last thing - not a concern. Are you compounding in position size as your account increases?
 
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Hi Masquerade,

Its definately worth checking out Ravs trades his results are outstanding.

Cheers


Phil
 
Hi Shadowninja,
As in my first post i used to trade in Danarms room which was excellent and i really enjoyed it so have learnt to trade Dan and Zaks strategy with decent results.
HI Masquerades in answerto your concerns if it all goes tits up and Rav flies off to the Caymans i will (if for some reason suddenly find myself out of work and need to trade to make a living) go back to sitting at my computer all day.At the end of the day this is not a job for me although like many on here would like it to be but unfortunatly work gets in the way and at present i have a mountain of it ahead thankfully.
I dont have the time at the minute to sit at my computer and learn to trade another methodology but i dont mind if,at the minute someone else wants to do this for me. Now i wouldnt just let any Tom Dick or Harry loose with my account and have followed Rav now for a considerable amount of time in his other threads and was impressed by his results and am quite prepared to let him call the shots via my mobile all i do is place the trade he monitors the markets etc.
In the near future when work eases off ill have time to sit alongside Rav and he will teach me how it all works. If he smokes my account he smokes it(i only started with a grand) but after talking with him on the phone most days i am fully confident this wont happen:smart: and after my first month hes doubled it so i could just take it out now and call it a day but im choosing to stick with him and see where the rollercoaster ends.
Thx again to you all for ya posts.
Andy
 
Hi Andy

Good to see you, I had been wondering how you were getting on...

Good to hear your trading is going well, swing trading certainly does present some great opportunities.

I agree with you about the going-to-work thing. Like you, I work most days but have found that by studying charts for 60-90 minutes first thing in the morning (with the help of Dan, Zak and James of course), being very choosy about my trades and using orders, I can make my weekly target without feeling I've missed out on the rest of the day's opportunities.

Everyone's different, but well-chosen day trades are a great way of accumulating pips, especially when there's no juicy swinging going on (which can be a bit frustrating at times :|) and there are some great moves before breakfast most days :)

Good luck, great to see you're doing well and looking forward to reading how you get on.

Cheers

Julie
 
Hey up Shadowninja old Michel here could give you a run for your money on the advertising although the cable nunchakas may well win my vote lol.
Michel54 Is the secret you are withholding the fact i have won the lottery and you havent told me yet cos that would change my life ha ha. The best thing to do is start up a thread on here and every morning for a week or two post the mechanical signal which you get every morning when the market opens that way people will see if this does or doesnt work because to be honest if you join like today and your first post is an advert most on here will just take the p#*s and tell you to take ya spam somewhere else :cheesy:.

Hi Julie great to here your doing good still, I keep in touch with one or 2 people from the room and they say its going ok with plenty of pips. Yeah aint work a bummer gets in the way of everyones fun but hey it pays the bills;). Juicy swinging! Is that a different room youve joined :party::love: if so put my name down:LOL:.
Take care
Andy
 
Aaah man! come on Michel54 dont delete ya post makes mine look daft :LOL: like im talking to myself(which is nothing new) Id still be interested in ya results!!
 
Aaah man! come on Michel54 dont delete ya post makes mine look daft :LOL: like im talking to myself(which is nothing new) Id still be interested in ya results!!

Legitimate scammers get their posts wiped. Um... illegitimate scammers like me can stay. :D
 
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