Allright let's do the math here!
"You are doubling every three months. That is 1600% a year!
That is fantastic!!
Now, lets see.. In three years you will make close to five million pounds starting from 1000 GBP. I find that very hard to believe."
You don't listen read my post again i already told you why you cant trade this into the millions on a retail account. Over 100k you must go to an ENC model which carries other risks but then you have to pay CGT and take the risk that you have such a large amount tied up in the market and not many can afford to do that unless you are rich to start with. A retail broker will find it hard to accommodate such a large account....especially a profitable one. However the gains on small accounts are very real. Also doubling every 3 months is not consistent. Its unlikely euro will keep stomping like this all year there will be many weeks of flats and mere 100 pip ranges which reduce the effectiveness of the weekly breakouts.
Look we know the stats roughly 9 outta 10 lose but if i told you that you can lose half of your account every 3 months you wouldn't hesitate to accept such a figure! You know from experience this is true and when you look back you say to yourself if only i traded the last 6 trades the other way i would have made an easy 1000 pips this month.
Its not hard you can see where the losers are. Watch the forums the last 2 weeks and see just how many were selling euro at 150 151 152 153 154 155 156. The losers are selling selling selling into a bull run based on excuses of overbought dials, its the end of wave 5, My EW count says short or its a 618 projection, its all crap and i know you have been too otherwise you wouldn't be here. If you want to be profitable then you must do the opposite of the majority most of the time. But a good system is 100% direction-less it has no bias and no emotion. Price moves you react its that simple.
"You are doubling every three months. That is 1600% a year!
That is fantastic!!
Now, lets see.. In three years you will make close to five million pounds starting from 1000 GBP. I find that very hard to believe."
You don't listen read my post again i already told you why you cant trade this into the millions on a retail account. Over 100k you must go to an ENC model which carries other risks but then you have to pay CGT and take the risk that you have such a large amount tied up in the market and not many can afford to do that unless you are rich to start with. A retail broker will find it hard to accommodate such a large account....especially a profitable one. However the gains on small accounts are very real. Also doubling every 3 months is not consistent. Its unlikely euro will keep stomping like this all year there will be many weeks of flats and mere 100 pip ranges which reduce the effectiveness of the weekly breakouts.
Look we know the stats roughly 9 outta 10 lose but if i told you that you can lose half of your account every 3 months you wouldn't hesitate to accept such a figure! You know from experience this is true and when you look back you say to yourself if only i traded the last 6 trades the other way i would have made an easy 1000 pips this month.
Its not hard you can see where the losers are. Watch the forums the last 2 weeks and see just how many were selling euro at 150 151 152 153 154 155 156. The losers are selling selling selling into a bull run based on excuses of overbought dials, its the end of wave 5, My EW count says short or its a 618 projection, its all crap and i know you have been too otherwise you wouldn't be here. If you want to be profitable then you must do the opposite of the majority most of the time. But a good system is 100% direction-less it has no bias and no emotion. Price moves you react its that simple.
