Dream Journey from $ 200 to $ 20000

dilsefx · #11 19th October 2006, 11:20 AM

Hello Friends,
Happy DHANTERAS to you all
Thank you all for showing intrest in my thread.
My new a/c is all set and ready to ro9ll from next week.
It is legal to trade forex from India.
I will be trading as a day trader only for this particulat venture. Let me clearify, that this is a dream project for me. Also i am ready to face whatever the result may be.
I have ben trading forex since about three years now and i have acquired enough information on trading spot forex. I shall be trading only one pair during the whole process, and for this i have set up a new a/c only for this purpose. I shall be trading my another a/c as normal .
The idea behind the project is to build the capital exponentially by increasing the trading lot size at diff intervals, and taking more and more risky trades as the a/c gets fattier, while it is not advisable in normal circumstances.
I follow some specific rules that i have set for my self.

"Plan your trade , trade your plan."

" Trade what you see, not what you beleive"

" Cheer up the losing trades in the same fashion as you do with the winning trades"

"Your losing trades are not a symbol of your failure , but they simply are the
mile stones of your journey."

" Trade only with an amount you can afford to lose without affecting your current lifestyle."

These are the basic principle rules , and they do apply to any kind of financial trading alike.

Forex trading is very lucrative trading market with the highest liquidity around the world as it has a daily turnover of about 1.75 to 2 Trillion USD , open all 24 hrs 5 days a week, opens at 0230 IST on monday till 0230 IST saturday.

I have some video presentations which can explain it in a better way, i dont know if i can post a external download link for them. If the moderator allows , then i may post them next time.

My contact info. Add me as pricelessfx in your ***** messanger if you wish, while adding please mention in the message "traderji" so that i can understand that someone from this forum has asked for .

bharatk8 · #12 19th October 2006, 06:54 PM

Hi Dilip
pl.upload videos on ********** and post download link in forum.
Bharat

dilsefx · #13 19th October 2006, 09:04 PM

Hi all
Here is a link for the inrtoductory video oin forex trading, from market traders.
let me clarify that i do not own the site and nor am i trying to advertise their mentor programs. Please use the video only as a introductory presentation.

http://www.mytempdir.com/1001485

you can download the video here. the password for download is priceless

Hope all will find it a useful introduction to forex market.

shamim · #14 20th October 2006, 03:41 AM

Hi Folks,
Here is a very simple but very effective method to trade forex.
http://www.forexheaven.com/woodies-cci.html

dilsefx · #15 20th October 2006, 08:23 AM

Hi shamim,
thanks for sharing, i do trade my own derived system for my tradings. Woodies are good , but i like to stick to what i am doing.

shamim · #16 21st October 2006, 08:36 AM

Hi dilse,
I posted the link for someone who might be looking for a starter on forex trading. I know you have your own system.
Would be looking forward to see a description of your trading philosophy.
Thanks for startign this thread.
Shamim

alokdaga · #17 21st October 2006, 10:20 PM

Which is a legal site to trade forex with in India?

coolblue · #18 24th October 2006, 10:26 PM

Quote:

Originally Posted by alokdaga

Which is a legal site to trade forex with in India?

check this site

http://www.indiawebtrade.com/about.htm

dilsefx · #19 27th October 2006, 08:05 PM

Hi friends

Hope every one has enjoyed the Diwali days like me.
Now it is time to get back to work.

As mentioned earlier, I have started the specific journey in today.
There are certain points i shall place at this point.
I am trading with a 1/400 leaverage account, which does not allow me to keep my stop loses wide apart, so it will be a continues pressure to find the most safe entry every time.
Due to this my profits targets will also be small.
I have a specific planning and strategies to be followed , and i have set up my charts accordingly so i can pick my trades , with min possible risk.
I start looking for a trade rigfht from 1000 ISt onwards and do not place an order untill certain set up is seen on my charts.
As my trades will be involving high leaverage/ high risk, i shall not be posting it as and when i place my trade.
I shall up date mostly at the end of my trading day about the out come of my days trade.
Also i shall be tradiong only one pair through out and the pair is CABLE (GBP/USD).

So here is my todays result.
Short cable at 1.8905
Exit at 1.88887.
The cabel was supposed to be having a retracements today as it did not show any such retracements from the picks yday, i exited the trade when the prices started boumcing back from 1.8880
the total out come of todays pick is 18 pips.
A/c started with 200$
Profit per pip is 1 $
so the a/c at the end of the day is 218 $

I shall be updating it in this fashion when i get time at the end of the day.
I want to use this thread as a trading journal for myself.

Again thak you all for showing intrests in my thread.

rvlv · #20 27th October 2006, 09:32 PM

Hi dilsefx

You have mentioned big figures and about wonderful strategy.
really exciting . thanks for your effort and will to share it with us.

can you give some details about the trading plan you adoptand the setups you use? it is looks like pullback trading on retracements-etc
if it is something that can work for stocks let us know if you dont mind sharing it with us.

detail in terms of a chart or strategy so that we also can test it and see if really it can go that far.

Only momentum strategies can do that kind of return.
---------------------------------------
TWO GUYS MADE HISTORY
1.Darvas made 6400% return in 1960(10000 to 2 million in 18months)
2.DAN ZANZER made 164000% in 1990s(10000 to 42million in 2 years)
Exact details not available how they did it.
-----------------------
Does your strategy hold that kind of power?

Read about Three crisis point approach-simple and straight but time taking.
It comes in another post of mine!!!!!!!!!!

rvlv

Similar Threads for: Dream Journey from $ 200 to $ 20000
Thread	Thread Starter	Forum	Replies	Last Post
The Sensex journey: 1,000 to 10,000	TATrader	Current Affairs	0	6th February 2006 05:24 PM
A tribute...A dream	jaideep	General Chit Chat	6	15th November 2005 08:13 PM
seek your dream today	lawrieking	General Chit Chat	3	30th September 2005 08:41 PM
Trading: A Journey, Not a Destination	nkpanjiyar	Words of Wisdom	4	16th April 2005 12:14 PM
Expecting a Dream Budget - Read on...	Mohan	General Chit Chat	1	28th February 2005 07:18 AM