EXPERIMENTING SOMETHING NEW TO TURN MY LOST MONEY INTO PROFIT......

Hi all.....so many of you were thinking that i was joking......but let me reveal the fact now..ok

 

Previously i had posted not to use STOP LOSS any more...right.So l am explaining my strategy now..ok

Suppose anyone of you opened a BUY deal of 10000 lot size of EURUSD @ 1.4400...ok & then as you must be expecting the market to go up  but instead the market moves against you .Suppose the market goes down some 100pips to 1.4300...here as adviced by your STOP LOSS ideas....& if some of you have put a STOP LOSS at 1.4300...then your deal will be closed at 1.4300 & you will defenitely suffer a loss of 100pips...right.

                     But what i recommend is that instead of putting a STOP LOSS at 1.4300 ....you can alternatively put a SELL order of same lot size,i.e, 10000 @ 1.4300.  The outcome here will be as same as the STOP LOSS at 1.4300  & my strategy might give you a loss of  FEW more (1-3) pips depending on your brokers charges.

 

Suppose you had 1000$ in your account & as i mentioned above you opened a BUY deal of 10000 at 1.4400 & later on the market moved to 1.4300... & if you have used a STOP LOSS at 1.4300 ...so you will have  a loss of 100$...& your deal would be closed......

 1000$ -100$ = 900$.

 

But my strategy......instead of using STOP LOSS ..we will place a SELL order of the same lot size 10000 at 1.4300...so here also our loss will be the same.....but our deal wont be closed....no matter if the market even goes to 1.1000...then also our acount balance will remain the same ...Still asking urself..HOW....?? wait i will give you a small calculator to prove my point...ok

 

This is the 1st part......2nd part i will post later.....

 

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Permalink Reply by SANGRAM DAS on July 5, 2011 at 6:08pm

2ND PART.......starts here......

 

So in my 1st post i had posted something like...i have 1000$ with me....n then i open a BUY deal of 10000 lot at 1.4400 & then the market goes against me & instead of using STOP LOSS at 1.4300....i place a SELL ORDER of the same ....

So here in this case if i would have used the STOP LOSS I would have made a loss of 100 pips....but rather i used a SELL order of the same lot size at 1.4300.....so my deals are not closed yet & there are chance for the market to cross 1.4300 & go up again....ok

The next thing i need to do is cut my LOSSES into different parts.....CUT my losses!!! 

Then i need to place two limit orders at 1.4350...i.e, a BUY LIMIT order of 10000 lot & a SELL LIMIT order of 10000 lot too.....

So here we have 4 open orders in total.....2 BUY open positions & 2 SELL open positions.....ok

              1st DEAL            2nd DEAL

 BUY       1.4400                  1.4350

SELL       1.4300                  1.4350

 

(Please make sure that you have sufficient funds in your account & as i have learnt from my Gurus here...its always safe to take 1% risk in trading....)

 

In the next step we need to do a sort of pairing....like 1 BUY deal is to be paired with 1 SELL deal...so it will be like:

 BUY @ 1.4400........SELL @1.4350

 SELL @1.4300......BUY @ 1.4350

 

In the above we can see that in the 1st 2 deals our loss was 100 pips ....but here also the loss is 100 pips but that is being distributes in 50 pips & 50 pips.....

 

Its time for your comments now.......& why i did those pairing....i will xplain in my next post.....

 

 

 

 

Permalink Reply by Sir Gissachance on July 5, 2011 at 10:57pm

Hi Sangram Das,

Heres the bottom line, if it works for you then great and if others can interpret what you do and it works for them, then great too.

The quack and his followers are misguided and lost, in mine and others opinions too. My interpretation of this is, if he made a physical suggestion to them about flushing their heads down a toilet then they would do, however he does not do any head flushing at all himself....I know this because of my advanced and deep understanding of analysing the markets for any pair in any time frame....which tends to be true.....Now when I compare this to the quacks expectations then we are worlds apart...To go on, if those followers have been mislead for a number of years, then there is only one outcome, which will be apparent in this following phrase...." A man convinced against his will is of the same opinion still."

Besides that, how on earth are we going to profit without these false prophets?.......heh......this gets deep now "profit" or "prophet" ?

Lets celebrate the fact that we have Gurus like these for the sheeple to follow.

Anyhow all power to you for "thinking for yourself" out of the box and looking on life with a smile in your heart (= have humor).......Sir Gissa.... Wishing you all the best .........Out  !!!!!!!!!!!!!

Permalink Reply by GeniusFX on July 6, 2011 at 12:32am
I am sure the 10-20 stops hit in a row shorting the euro means alot to the max range and such lol. Ok so you hedge and it goes -100 vs you now you locked in your -100 profit oh it goes -100 now you are -200 and +100 wooohoo you close your +100 and it goes -300 now you lock in your -300 and hedge again.. Do you see a point being made here. But hold on you were expecting that it would go back down 100 and up 100 and down 100 and you could close all of them with a profit.. Well chaos does not work that way. In the end you have to be talented to make money trading.. I am sure his methods work great for paper traders as that is all he is, because in real life it does not work except for selling a pointless method to people that suffer from Nooberitis which is a case of financial retardation solved by a dose of reality or a Margin call lol...
Permalink Reply by GeniusFX on July 6, 2011 at 12:42am
you know what forget that.. Post live Phuckin trades... lets see it happen in real time not after the fact with your hindsight crystal ball I did this I did that.. Really bugs me to see all this BS because I know in real time you can't do it because you just straight out don't know how to trade...
Permalink Reply by genxtrader on July 6, 2011 at 1:02am
genius comb your hair and quit yelling
Permalink Reply by dev on July 6, 2011 at 4:09am
Hi Sangram...as u know market will not move as per ur wish...suppose market goes up from 1.4300 or so upto 1.4400 and then turn down quickly 200pips then ur initial loss 100pips will remain same and to follow market move u hv to seat infront of ur computer screen 24hrs...ur second part will definitely work with stop loss in both side before releasing any big news..thinkk...
Permalink Reply by Ali Khan on September 8, 2011 at 1:00pm

Hi Sangram Das,

Please don't behave like a charlatan.

If you have something useful to contribute then please share it in one piece instead of beating about the bush.

Thanks

Permalink Reply by majimaji on September 8, 2011 at 3:03pm
You wil b in problems in a ranging market
Permalink Reply by majimaji on September 8, 2011 at 3:03pm
You wil b in problems in a ranging market
Permalink Reply by Santosh Tiwari on September 8, 2011 at 3:35pm
Seriously , Do the trades in your platform and post the screenshots. There is lot of supposition in your theory.
Permalink Reply by JP on September 15, 2011 at 6:19am
Back Testing is very Good, if it really works good for you, then its gr8. Every trader has their own key points which others cant adapt bcoz it dont suits their trading plan. I also have a plan & im refining it with testing. you doing the same. So good luck..............
Permalink Reply by parry on September 21, 2011 at 10:37am

Hi sangram das jee

 iam  from mumbai. 

I am learning fx trading but get losses due to stop loss and trade going against me. 

Your theroy of turning loss into profit by limit orders is excellent. 

I have read till part 2 , can you kindly send part 3 ( email pmanisha77@yahoo.com)

I would be grateful to you as this strategy will keep me in fx market and boost my morale.

waiting for ur reply

thanks

parry

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