Trading System by Xard777 - page 302
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Turning Chaos into Order... a non scientific approach by Xard777
Welcome to the World of Forex where vast fortunes are made every year, why work for a Pay Check that is Taxed to Death at source and governed by borders when you can lay back and relax on your hammock in your very own private beach sipping Mai-Tai's and make more money than you can ever spend in forty lifetimes Tax-Free splashed around the globe in safe havens away from prying eyes.
Welcome to the World of Forex, where a person can turn a mere 1'000 bucks into over 13 Million buckeroos in only a year.
Welcome to the fantasy World of Forex :-)
Well, lets break the fantasy down into reality with a couple of illusionary steps...
In order to make 13m from 1k in 1yr you would need to increase your 1k fund by 20% every week for 52 weeks... $1000 x (1.2^52) = $13'104'630.93 tadah... fanfare... and you thought it was impossible, ye of weak puny mind.
Now, the mystifying step that 96% of our infamous Forex Traders out there in the wonderful World of Forex fail to recognise is making the very basic building block that is necessary in order to achieve our true potential, and that is... making the initial 20% starting block that is required from which to build our true wealth program.
So how do we increase our fund/portfolio/nest egg/buckeroos by 20% and do it in just one week ?
Why ? With the World of Forex of course (why do I even bother...)
OK, Lets break down our 20% into nice manageable steps...
5 trading days in our week which means we need to make 4% of our fund each and every trading Day
Lets say we want to make a nice 40 pips per trading day, so now we need a lotsize to go with the 40 pips that will give us our 4%
If we take our fund and divide it by 10'000 this will give us our lotsize that we need to trade for 40 pips to achieve 4%
So $1'000 fund divided by 10'000 = 0.1 lots x 40 pips= $40 and $1'000 x 4%= $40, so $40 x 5 Days= $200 and $1'000 x 20%= $200
So to achieve great wealth we need to make 40 pips per trading day, lets break our 40 pips per Day down...
Just for talking sake lets use XAUUSD (Gold) as our Trading vehicle to financial freedom.
Gold moves in excess of 100 pips every Day, all we would need do is look to make 20 pips during the London session and a further 20 pips during the US session. If we did that each Day we would achieve our Goal and that is to make 20% of our fund in one week.
Once we can do that we simply repeat the task week in week out till it is second nature and our end Goal of 52 weeks is done.
Having started with $1'000 and made 20%, our following week's starting fund would be at $1'200 so our lotsize would be 1'200/10'000= 0.12 lots and we would still be looking to make the same exact 40pips each Day trading the same type of trade using the trading strategy that I described to you over the previous posts.
NOW, HOW HARD IS THAT !!!
Welcome to the wonderful world of Forex, the zero endgame where some canny speculators lose their shirt and others win a lifetime subscription to Wealth, Liberty and the Pursuit of Happiness.
On a personal note, please observe that the author of this fabrication was totally bored out of his t*ts this morning having already downloaded all the newspapers, magazines, tv shows and all the latest movies (that are still to come out to a cinema near you).
All the best
Xard777Another Day at the Office... http://i.imgur.com/yrIa1o4.png
Hi karthikte,
The MAs are EMA 50 & EMA 200.... I like to look at the Daily chart from time to time.
All the best
Xard777
Dear Xard777! The necessary indicators and template, as shown in the figure. Thank you!
hi Xard777 , do you just trade x/u and when U take a trade is it on H1 ?
TIA for ur response.
Will frame it and keep it.Thanks for opening my eyes. Ever since I have started reading your threads , I have started trading only gold and enjoying the simplicity ,less stress of watching lot of currency charts and have won 100% all my gold trades. I think we should come up with an excel sheet for the fantastic idea you have mentioned.I have this dream of getting out of rat race and I thought it would take years to reach there. But your thread and in particular this thread has shown that the light at the end of tunnel is there and its not far away. Thank you very much for all your great systems and contributions.Appreciate it.
hello on which currency recommend this system as well as xauusd ??
hello on which currency recommend this system as well as xauusd ??
Whichever of the pairs below that you feel comfortable trading with :-
EURAUD, GBPAUD
EURCAD, GBPCAD
EURJPY, GBPJPY
EURNZD, GBPNZD
EURUSD, GBPUSD
All the best
Xard777
Here is an excel spreadsheet (you can change the Start Fund and the Target Pip$ values).
I have deliberately protected the spread sheet, that way you can use the info as a guide.
The idea being that you trade for 10 consecutive Days then pay yourself 10% from your winnings then start over again.
This gives you a fortnightly "Pay Check" and allows for your Fund to grow (in theory :-)
http://i.imgur.com/IekxBzE.png
All the best
Xard777
Many, many thanks, Xard777 for sharing this fantastic system and for all work you have done. I have just been testing it and it's easy to follow and you can feel comfortable with it. I just have a little suggestion: when you change timeframe the template change automatically of color to indicate if it's buy or sell. For my way of trading forex, I use to look at the D1, H4 and H1 charts and then decide if this day I'm going to buy or sell this pair.
I don't know if it's possible to make an indicator just with 4 fields (Direction: up/down/neutral; color up; color sell;color neutral), in order to decide the direccion that you are going to trade this day and the color of the template can be the same in all timeframes. What do you think about this? Do you think it can be useful?
Many thanks and sorry for my English....
I just have a little suggestion: when you change timeframe the template change automatically of color to indicate if it's buy or sell. For my way of trading forex, I use to look at the D1, H4 and H1 charts and then decide if this day I'm going to buy or sell this pair.
Hi jjventural, Thanks for the suggestion, what about something like what is shown in the bottom window of the enclosed screenshot ?
http://i.imgur.com/HlENmfR.png
All the best
Xard777