My Trading journey.

My Trading journey.

Author
Discussion

Mr fox

Original Poster:

301 posts

150 months

Thursday 17th May 2012
quotequote all
205alive said:
This thread is now in my small collection of bookmarks and while I can't offer anything other than interest, support and envy - very best of luck Mr. Fox and keep the updates coming.
Thank you very much for your support, and I'm sure there's no need for envy, as along this journey there will be peaks, and troughs. All I can do is try my best, and if I fail, so be it, and naturally if I succeed I will be happy.
Regards
Mr Fox.

raptor600

1,356 posts

145 months

Thursday 17th May 2012
quotequote all
Mr fox said:
I wasnt born with a silver spoon in my mouth, but was taught that hard work, and persistance pays off.
Alright, Alan Sugar.

hidetheelephants

23,775 posts

192 months

Thursday 17th May 2012
quotequote all
raptor600 said:
Mr fox said:
I wasnt born with a silver spoon in my mouth, but was taught that hard work, and persistance pays off.
Alright, Alan Sugar.
That's Siralan to you. hehe




Although I note that the drones on 'the Apprentice' are calling the scruffy oik Lord Sugar these days.

Cheib

23,113 posts

174 months

Thursday 17th May 2012
quotequote all
Good luck with it.....it's a long and hard road. I've been trading and/or managing other people's money for twenty years and learn something new all the time which is brilliant but also can be incredibly frustrating.

I've never traded currencies and my trading/investment style is much more based on fundamentals because of the markets I trade....the technical trading strategies you're employing aren't applicable to my world but good luck with it.

SirSamuelOfBuca

1,353 posts

156 months

Thursday 17th May 2012
quotequote all
Good luck mate. Always something I have wanted to do. Looked in to spread betting as a friend works for one of the leading spread betting companies but to be honest it seemed I would be better of playing roulette.

Where do you start with something like this. What sort of funds and best way to place trades?

Look forward to following this!

Mr fox

Original Poster:

301 posts

150 months

Thursday 17th May 2012
quotequote all
Its been a good day today, but I'm sure it's just beginners luck.

AM results

AUD 18 - 1.8(spread)
NZD 7.7- 1.5(spread)
22.4 pips.

Afternnon session

GBP 58.8 - 1 (spread)
EUR/JPY 42.5 -1.5(spread)
98.8 pips

total for the day
Am £2240
Pm £2964

£5204.

I should have ideally let the PM trades run, but have to go take the dog for a walk, and to be honest it's been a very good day so I'm going to take the rest of the day off.

Mr fox

Original Poster:

301 posts

150 months

Thursday 17th May 2012
quotequote all
Cheib said:
Good luck with it.....it's a long and hard road. I've been trading and/or managing other people's money for twenty years and learn something new all the time which is brilliant but also can be incredibly frustrating.

I've never traded currencies and my trading/investment style is much more based on fundamentals because of the markets I trade....the technical trading strategies you're employing aren't applicable to my world but good luck with it.
Thank You.
The techniques that I am using apply to any chart it dosent matter if its stocks, index's, indicies, or forex
etc. I prefer forex as it is quite a volatile market, thus the gains are much higher, BUT on the flip side I do understand that the losses can be greater, and this is a FACT I have accepted.
In this style that I have been shown it is IMPERITIVE that I don't ignore the fundamentals, but make sure they concurr with the technical trades. If not then I wont take the trade, and look for one where concurence is there.
Regards
Mr Fox

blindswelledrat

25,257 posts

231 months

Thursday 17th May 2012
quotequote all
Mr fox said:
Its been a good day today, but I'm sure it's just beginners luck.

AM results

AUD 18 - 1.8(spread)
NZD 7.7- 1.5(spread)
22.4 pips.

Afternnon session

GBP 58.8 - 1 (spread)
EUR/JPY 42.5 -1.5(spread)
98.8 pips

total for the day
Am £2240
Pm £2964

£5204.

I should have ideally let the PM trades run, but have to go take the dog for a walk, and to be honest it's been a very good day so I'm going to take the rest of the day off.
Im not sure if it is possible, but could you explain these trades in laymans terms as you write them please?
Could you also explain how much you are risking to gain these figures?

GOod luck, IM absolutely fascinated to follow this, and genuinely hope your judgement has improved on everything that you have ever done previously!

Cheib

23,113 posts

174 months

Thursday 17th May 2012
quotequote all
Mr fox said:
Cheib said:
Good luck with it.....it's a long and hard road. I've been trading and/or managing other people's money for twenty years and learn something new all the time which is brilliant but also can be incredibly frustrating.

I've never traded currencies and my trading/investment style is much more based on fundamentals because of the markets I trade....the technical trading strategies you're employing aren't applicable to my world but good luck with it.
Thank You.
The techniques that I am using apply to any chart it dosent matter if its stocks, index's, indicies, or forex
etc. I prefer forex as it is quite a volatile market, thus the gains are much higher, BUT on the flip side I do understand that the losses can be greater, and this is a FACT I have accepted.
In this style that I have been shown it is IMPERITIVE that I don't ignore the fundamentals, but make sure they concurr with the technical trades. If not then I wont take the trade, and look for one where concurence is there.
Regards
Mr Fox
I trade/manage portfolio's in the credit markets where we have huge idiosynchratic risk combined with bifurcated risk profiles which can result in individual bonds moving 1,5,10,20% without any trades happening...you can all the stop losses you want but if a bond just doesn't trade before it moves 20% you can't get stopped.....you just can't trade them on techincals effectively because of bid/offers and the minimum trade size is too big for most individuals too.

Duke Thrust

1,680 posts

238 months

Thursday 17th May 2012
quotequote all
Mr Fox, perhaps you might be interested in my course on how to make a fortune in your spare time using premium rate phone numbers, call 090 100 100 to find out more.

Mr fox

Original Poster:

301 posts

150 months

Thursday 17th May 2012
quotequote all
Cheib said:
Mr fox said:
Cheib said:
Good luck with it.....it's a long and hard road. I've been trading and/or managing other people's money for twenty years and learn something new all the time which is brilliant but also can be incredibly frustrating.

I've never traded currencies and my trading/investment style is much more based on fundamentals because of the markets I trade....the technical trading strategies you're employing aren't applicable to my world but good luck with it.
Thank You.
The techniques that I am using apply to any chart it dosent matter if its stocks, index's, indicies, or forex
etc. I prefer forex as it is quite a volatile market, thus the gains are much higher, BUT on the flip side I do understand that the losses can be greater, and this is a FACT I have accepted.
In this style that I have been shown it is IMPERITIVE that I don't ignore the fundamentals, but make sure they concurr with the technical trades. If not then I wont take the trade, and look for one where concurence is there.
Regards
Mr Fox
I trade/manage portfolio's in the credit markets where we have huge idiosynchratic risk combined with bifurcated risk profiles which can result in individual bonds moving 1,5,10,20% without any trades happening...you can all the stop losses you want but if a bond just doesn't trade before it moves 20% you can't get stopped.....you just can't trade them on techincals effectively because of bid/offers and the minimum trade size is too big for most individuals too.
Ah I see. Unfortunately I presumed that you worked in something other than bonds, and your 100% right. These strategies probably wouldn't work in a bond market, and to be honest I don't know how the bond market works.

Mr fox

Original Poster:

301 posts

150 months

Thursday 17th May 2012
quotequote all
Duke Thrust said:
Mr Fox, perhaps you might be interested in my course on how to make a fortune in your spare time using premium rate phone numbers, call 090 100 100 to find out more.
Faaantastic. Just what I was looking for, and since you've been as kind as to bring it to my attention I'll ring it from my mobile, and land line at the same time.
Lol.

blindswelledrat

25,257 posts

231 months

Thursday 17th May 2012
quotequote all
Mr fox said:
Fantastic. .
Ha. Just tickled me for some reason

Disastrous

10,072 posts

216 months

Thursday 17th May 2012
quotequote all
Mr Fox, genuinely interested to follow this as it's a fascinating experiment. Just to set my cynical mind at ease though, you wouldn't happen to be an 'advert' for your tutor, would you?

Apologies if not but I find this kind of thing quite interesting and just had a couple of niggling doubts about the story.

Good luck!

Mr fox

Original Poster:

301 posts

150 months

Thursday 17th May 2012
quotequote all
blindswelledrat said:
Mr fox said:
Fantastic. .
Ha. Just tickled me for some reason
;-)

BoRED S2upid

19,644 posts

239 months

Thursday 17th May 2012
quotequote all
I wish I knew what you were all talking about.

Mr fox

Original Poster:

301 posts

150 months

Thursday 17th May 2012
quotequote all
Disastrous said:
Mr Fox, genuinely interested to follow this as it's a fascinating experiment. Just to set my cynical mind at ease though, you wouldn't happen to be an 'advert' for your tutor, would you?

Apologies if not but I find this kind of thing quite interesting and just had a couple of niggling doubts about the story.

Good luck!
No need to apologise.
In my quest to learn to trade I have met "good traders", and they are either helpful or, just try, and put you off by telling you it's a mugs game, yet are earning six figure sums. I could have just started the topic with the title, and off I went, but decided to give a warts an all account, as there are some fraudulent companies out there just interested in taking your money.
As for an advert for this chap, well he's a grown man, and if he wants to advertise his business it's upto him, not me, as I have no interest or knowledge of selling someone else's product, thats why I omitted his details, and to be honest I made the mistake of calling him a teacher, which he was perturbed by, as he is a trader.
I'm not going to lie to you as, on the flip side have I told some of my friends about him. Yes I have, and if they wish to proceed or not thats thier choice.
Regards
Mr Fox.

Disastrous

10,072 posts

216 months

Thursday 17th May 2012
quotequote all
Mr fox said:
Disastrous said:
Mr Fox, genuinely interested to follow this as it's a fascinating experiment. Just to set my cynical mind at ease though, you wouldn't happen to be an 'advert' for your tutor, would you?

Apologies if not but I find this kind of thing quite interesting and just had a couple of niggling doubts about the story.

Good luck!
No need to apologise.
In my quest to learn to trade I have met "good traders", and they are either helpful or, just try, and put you off by telling you it's a mugs game, yet are earning six figure sums. I could have just started the topic with the title, and off I went, but decided to give a warts an all account, as there are some fraudulent companies out there just interested in taking your money.
As for an advert for this chap, well he's a grown man, and if he wants to advertise his business it's upto him, not me, as I have no interest or knowledge of selling someone else's product, thats why I omitted his details, and to be honest I made the mistake of calling him a teacher, which he was perturbed by, as he is a trader.
I'm not going to lie to you as, on the flip side have I told some of my friends about him. Yes I have, and if they wish to proceed or not thats thier choice.
Regards
Mr Fox.
Ta thumbup

I'll follow this with interest - best of luck.

miln0039

2,013 posts

157 months

Thursday 17th May 2012
quotequote all
blindswelledrat said:
Im not sure if it is possible, but could you explain these trades in laymans terms as you write them please?
Could you also explain how much you are risking to gain these figures?
+1 for laymans terms!

TKF

6,232 posts

234 months

Thursday 17th May 2012
quotequote all
I can look up yesterday's results quite well too.

I've got a whole bowl of pips here.