Becoming A Professional

[AvantEdgeFX]

Profit Taking..

I found the above post quite interesting. Maybe you can answer a question for me please. I was just chatting with a colleague about trading success. He said it would be impossible for me to take out substantial amounts from the market. That the brokers would be withdrawing liquidity if I was constantly making serious money.

My argument against was that they may be able to go for your stops, but they cannot really reverse the market down if the trend is up as that may tip the balance again.

Is that really the case? Does this apply to ECN brokers also? I can understand someone like IGindex or Capital Spreads doing this.

How large a size a trader consistently trade PROFITABLY before they begin to monitor your accounts?
What can they do to restrict your trading when they begin to monitor your accounts?

I am sure there are traders who take out millions from the market without any problems. Not quite there yet but it is just interesting to know how the whole thing works and what forces are at play.

Any ideas??

Hi Charles;

Your question has been a conversation I've had w my clients and brokers many times over the past couple decades..

The markets offer opportunity… but exploiting them is a bit of a misnomer because like a casino, I'd agree with your friend that you'd get kicked out of the casino. But, we generate substantial returns and stay away from this caution tape, it all depends on the strategy. If you're trading at times where there are higher volumes of 'non directional movements' (ranges).. as opposed to trying to scalp a given direction you're safer.

If you're trading when there's a spike, and only when there are spikes and you're profiting consistently… you're on the watch list.

You're in the banks playground and it's nothing less than a casino for them. So trade equally in higher volumes where prices are less directional, (or at least have a strategy that does), and respect them without giving them the proverbial sore thumb.. of toxic trade flow, then you'd be alright.

In terms of size… well, make sure you're trading with a broker that truly is connecting you to an ECN ( tight pricing, no fixed spreads ), and if that's the case be sure that they don't trade against you. But be respectful to their liquidity, Oanda is notorious for closing accounts on successful traders… but that's because they take the opposite side of client trades like the big retail firms do. It's their casino.

So, if you're trading where liquidity isn't going to get repeatedly insulted then you're safe.

 

[Charles Bronson]

Hi Charles;

Your question has been a conversation I've had w my clients and brokers many times over the past couple decades..

The markets offer opportunity… but exploiting them is a bit of a misnomer because like a casino, I'd agree with your friend that you'd get kicked out of the casino. But, we generate substantial returns and stay away from this caution tape, it all depends on the strategy. If you're trading at times where there are higher volumes of 'non directional movements' (ranges).. as opposed to trying to scalp a given direction you're safer.

If you're trading when there's a spike, and only when there are spikes and you're profiting consistently… you're on the watch list.

You're in the banks playground and it's nothing less than a casino for them. So trade equally in higher volumes where prices are less directional, (or at least have a strategy that does), and respect them without giving them the proverbial sore thumb.. of toxic trade flow, then you'd be alright.

In terms of size… well, make sure you're trading with a broker that truly is connecting you to an ECN ( tight pricing, no fixed spreads ), and if that's the case be sure that they don't trade against you. But be respectful to their liquidity, Oanda is notorious for closing accounts on successful traders… but that's because they take the opposite side of client trades like the big retail firms do. It's their casino.

So, if you're trading where liquidity isn't going to get repeatedly insulted then you're safe.

Thanks for your answer. Just a few more questions that follow on from what you have said. It seems that that traders cannot then be consistent, they are always fighting the machine. Also the fact that for us to be safe we have to trade non directional....how many can actually do that? I doubt if there are more than a handful (unless its options).

Let me ask a hypothetical question. Take the FTSE today, it went upto 6355(on Metatrader) and then fell nearly a hundred points. If I have a system that will often get me in on this short trade at say 6330, I will have made 70- 80 points. The trend is clear on the charts, there are no spikes. Are you saying that even if I had a system that could identify 6355 as a turning point, I would struggle in the markets?

It seems just being a good analyst is not enough?

 

[AvantEdgeFX]

No no.. I have clients that are consistent at 90% w/l ratios.. but what I am saying is if they were picking cherries and not trading when everyone was trading then they'd be that proverbial sore thumb and put on a list to watch due to the questionable time of their scalps. Trading when the market is non directional only needs to see some of the order flow that's taking place, but that's a tough understanding for most.

If you're system identified 6355 as a turning point.. (before the sell off occurred) then you're hidden from the 'list' of predatory traders.

 

[Charles Bronson]

No no.. I have clients that are consistent at 90% w/l ratios.. but what I am saying is if they were picking cherries and not trading when everyone was trading then they'd be that proverbial sore thumb and put on a list to watch due to the questionable time of their scalps. Trading when the market is non directional only needs to see some of the order flow that's taking place, but that's a tough understanding for most.

If you're system identified 6355 as a turning point.. (before the sell off occurred) then you're hidden from the 'list' of predatory traders.

Ok. Thank you. There may be hope after all.

 

[AvantEdgeFX]

Another day.. another 100+ pips.

 

[itspossible]

Another day.. another 100+ pips.

 

[AvantEdgeFX]

Lol

 

[itspossible]

^^^^^AMAZING proof my good man^^^^^where do me and the family sign up-pics enclosed

 

[hyperscalper]

Hey, just a point of information, can forum posters routinely suggest (even nod nod, wink wink) that they have products or services to offer? Sign me up !! Just in case the answer is "yes", here's a suggestive "wink wink" from me !
HyperScalper

 

[AvantEdgeFX]

I love it when the blind act like complete idiots!

 

[AvantEdgeFX]

Btw, its not a service.. Its a demolition!

 

[itspossible]

Hey, just a point of information, can forum posters routinely suggest (even nod nod, wink wink) that they have products or services to offer? Sign me up !! Just in case the answer is "yes", here's a suggestive "wink wink" from me !
HyperScalper

Ive just put the old banjo down and re read that 3 times.what do you mean.

 

[AvantEdgeFX]

The humor.

Ive just put the old banjo down and re read that 3 times.what do you mean.

It means you're bidding into a sellers market, market makers are running for cover and you've blown up your accounts again… and again.

In actuality, one that doesn't read through the transparency .. well.. doesn't read it.

 

[AvantEdgeFX]

Performance...

It means you're bidding into a sellers market, market makers are running for cover and you've blown up your accounts again… and again.

In actuality, one that doesn't read through the transparency .. well.. doesn't read it.

When you're a trader and not just a forum troll.

 

[Forexmospherian]

When you're a trader and not just a forum troll.

Very impressive results - especially a 95% win ratio over 300 trades

I have never got over 87% on even just 100 wins

But the obvious question here - how many open trades you got out there ???

Also are you expecting us to believe this is a live account ??

If you can answer those two questions correctly - we are half way there

With you taking so many trades in a day - i assume this is a automated system

You may be able to tell me but isit not true that the failure rate for all bots costing under what 10k is about 95% as well - on live accounts - whether it takes 1 month 3 months or even 7 months ??

Looking forward to what you reckon

Good Trading

Regards


F

 

[AvantEdgeFX]

Production Account

Very impressive results - especially a 95% win ratio over 300 trades

I have never got over 87% on even just 100 wins

But the obvious question here - how many open trades you got out there ???

Also are you expecting us to believe this is a live account ??

If you can answer those two questions correctly - we are half way there

With you taking so many trades in a day - i assume this is a automated system

You may be able to tell me but isit not true that the failure rate for all bots costing under what 10k is about 95% as well - whether it takes 1 month 3 months or even 7 months ??

Looking forward to what you reckon

Good Trading

Regards


F

Its a production acct. This is for the most part manual, and relatively routine in terms of performance. I'll take a trade as a dipping of the toes, and then dive in w multiple trades at the same time for the bigger position.

But the performance figures are very real.

 

[AvantEdgeFX]

btw

Very impressive results - especially a 95% win ratio over 300 trades

I have never got over 87% on even just 100 wins

But the obvious question here - how many open trades you got out there ???

Also are you expecting us to believe this is a live account ??

If you can answer those two questions correctly - we are half way there

With you taking so many trades in a day - i assume this is a automated system

You may be able to tell me but isit not true that the failure rate for all bots costing under what 10k is about 95% as well - on live accounts - whether it takes 1 month 3 months or even 7 months ??

Looking forward to what you reckon

Good Trading

Regards


F

Yes.. bots are failures from the start if they try to analyze the market and not focus on strictly muscle for spontaneous entries.. but always use discretion to complete the trade.

 

[fxmade2trade]

Is anyone biting on this Sh!t, those who cant do teach those who can trade. A humble trader is a successful one why don't you do me a favor make five calls and with two use exotic's just for fun I have to see all this "success" I know with over 300 trades your A$$ should have been handed to you more than a few times.

 

[fxmade2trade]

In about 45 Minutes, I'll show you how the average trader can analyze the market with routine accuracy over 80%. In fact I'll put my money where my typing is. You can register for a FREE event that will turn your heads and rock your thoughts of historical based indicators. You must register prior. From this event I'll choose one new student and teach them how to trade to performance figures only available in most traders dreams. It's completely free but you must register! It will be the last time you will ever look for another event to register for. You won't need to!

Friday 3-7-14 10AM EST

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Do you work for JP Morgan? lol i think they made some calls like that to. Why do you even need to teach if your making that much money, shouldn't you be teaching a bunch of hot girls some real performance techniques.

 

[fxmade2trade]

I love it when the blind act like complete idiots!

Do you know where your posting this mmmm stuff? these guys and few girls are not idiots and do trade themselves many extremely successful calls. Blind I think not , true transparency you are showing and they have the real insight:clap: