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Author Topic: SavantFX  (Read 53446 times)

Offline krisz

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Re: SavantFX
« Reply #45 on: August 01, 2014, 09:00:41 PM »
I have my own reason to do that. Next week you will understand. I have adapted to trade with greater efficiency. What if i say the drawdown can be recovered within two weeks? I must admit it has been a bit haywire recently but expect things to change next week and forward. I am pushing for the best trading ever and i will try my very best to deliver that.
You can have any reason to do that... but prepare for the questions...
On Monday (July 28.) you said the same: "Expect to see some good trading this week." - You lost more than 20% in 5 days, with jonpearce's account (-17%) you have lost 37% in 2 weeks.
later: "I don't want to go into details of the dispute but all i can say is within 3 months, you will see what kind of trader i am." - We can not see it, if you delete your account all the time. Can you promise that you will not delete or hide these live accounts in the next 3 months?
http://www.myfxbook.com/members/savantfx/savantfx-live-1/988757
http://www.myfxbook.com/members/savantfx/savantfx-live-2/982934

TradeNow

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Re: SavantFX
« Reply #46 on: August 01, 2014, 09:39:18 PM »
Any reason to discuss with that guy? Is that play school here? This thread should be moved to trash bin imho.

br
Mark

Offline savantfx

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Re: SavantFX
« Reply #47 on: August 02, 2014, 08:29:21 AM »
Previously i was waiting for the market volatility to come back. Now, i have adapted and that will make all the difference. Smaller tp, breakeven etc. Don't be too quick to judge. As for jonpearce's account, it was something else.

Yes i promise i would not delete the account for the next 3 months and forward. Previously i was having problems with the extreme ranging market and many take profits were lost even when the entries were good. Now, all that has been fixed. I am better now, better than ever before. Volatile market or not, it may now be profitable.
Skype: savantfx

Online HFT Group

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Re: SavantFX
« Reply #48 on: August 02, 2014, 08:47:16 AM »
Previously i was waiting for the market volatility to come back. Now, i have adapted and that will make all the difference. Smaller tp, breakeven etc. Don't be too quick to judge. As for jonpearce's account, it was something else.

Yes i promise i would not delete the account for the next 3 months and forward. Previously i was having problems with the extreme ranging market and many take profits were lost even when the entries were good. Now, all that has been fixed. I am better now, better than ever before. Volatile market or not, it may now be profitable.

Hey.....that's great news  :) So you are happy to continue trading the live account you started with to show all on here that your revised strategy is profitable and you can recover the small loss and trade the account into profit?

Offline savantfx

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Re: SavantFX
« Reply #49 on: August 02, 2014, 10:11:15 AM »
Previously i was waiting for the market volatility to come back. Now, i have adapted and that will make all the difference. Smaller tp, breakeven etc. Don't be too quick to judge. As for jonpearce's account, it was something else.

Yes i promise i would not delete the account for the next 3 months and forward. Previously i was having problems with the extreme ranging market and many take profits were lost even when the entries were good. Now, all that has been fixed. I am better now, better than ever before. Volatile market or not, it may now be profitable.

Hey.....that's great news  :) So you are happy to continue trading the live account you started with to show all on here that your revised strategy is profitable and you can recover the small loss and trade the account into profit?

Jon, you mean trade back your account? Yes i will trade it back to profitability. Let bygones be bygones. Life is too short for enmity.
« Last Edit: August 02, 2014, 10:30:43 AM by savantfx »
Skype: savantfx

Offline odysseus11

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Re: SavantFX
« Reply #50 on: August 03, 2014, 09:57:17 PM »
To me this trader so far has shown all of the traits of a gambler who will *not* be profitable. The maturity level is severely lacking. No personal offense meant to you Savant, you may get there some day, but you have MUCH to learn.
Jon, I suggest you cut your losses.
http://www.forexfusion.com
stop gambling. start trading.

Offline savantfx

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Re: SavantFX
« Reply #51 on: August 04, 2014, 05:05:09 PM »
I agree that i have much to learn but i certainly am not a gambler.
Skype: savantfx

Offline AtlantaSean

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Re: SavantFX
« Reply #52 on: August 05, 2014, 04:08:47 PM »
Trading is hard, I sure have blown my fair share of accounts. Best of luck to you Savant because the pressure is on. I've learned this is a game that everyone plays different. Do you employ a rigid system based on hard rules or do you try and "feel" the market for your targets? Just asking because I was reminded this is a people game watching the movie Trading Places when Eddie Murphy held out closing his pork bellies trade lol.

Offline savantfx

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Re: SavantFX
« Reply #53 on: August 06, 2014, 08:00:10 AM »
Trading is hard, I sure have blown my fair share of accounts. Best of luck to you Savant because the pressure is on. I've learned this is a game that everyone plays different. Do you employ a rigid system based on hard rules or do you try and "feel" the market for your targets? Just asking because I was reminded this is a people game watching the movie Trading Places when Eddie Murphy held out closing his pork bellies trade lol.

Hi sean,

I do both but rules are very important. How can you know that you are going to be profitable without a model/system right? We need to have a tangible/real edge to make sure what we are going to do is going to be worthwhile. I haven't watched that movie, always heard of it though. Thanks for the good wishes.
« Last Edit: August 06, 2014, 09:06:39 AM by savantfx »
Skype: savantfx

Offline AtlantaSean

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Re: SavantFX
« Reply #54 on: August 09, 2014, 12:14:47 AM »
Savant whats going on?
I want to help you if I can. My opinion is not one of a professional trader so surely I am not the most qualified to offer advice. But I have been through the ringer many times as you appear to be going through right now, and as one fellow trader to another I wanted to share some observations and things I've learned the hard (expensive) way.

- Never think in terms of Dollar amount. Always think in terms of Percentage. Always. I see that every account you have started, you have grossly over traded. With $2000 and 50:1 leverage your lot sizing should maybe range from 0.02 - 0.1. Perhaps higher if your win rate was stable. The commissions alone on your most recently public account were hovering around -2% of your total balance in less than two weeks! What edge do you think can overcome this rake? Every time I have taken a shot to go for the home run I've strikeout. Account blown. You must slow down...

- M1 and M5 charts using indicator only scalping with extremely tight SL requires genius level precision. Seriously, who can do this? Did you back test your strategy? Honestly I would be scared that the results of such a low time frame wouldn't be valid. Maybe there are successful people using something like this IDK. But from what I've seen, similar types of commercial strategies always blow up. If it were only that easy...

- Look to better traders and emulate them. That's what I try and do. On this forum in fact, goldenmember and jshear are some of the best known traders. They seem to approach the market from completely different angles yet deliver similar results. Man I would just love to trade as good as goldenmember, holy shit. I've never seen anything like it. I suggest you read his entire thread on this forum for a different perspective at how to think about trading and to reflect on his unique insight. Also jshear is impressive. I've never known a professional scalper could have that much control. But then that's how the pros do it...






Offline savantfx

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Re: SavantFX
« Reply #55 on: August 10, 2014, 09:32:26 AM »
Savant whats going on?
I want to help you if I can. My opinion is not one of a professional trader so surely I am not the most qualified to offer advice. But I have been through the ringer many times as you appear to be going through right now, and as one fellow trader to another I wanted to share some observations and things I've learned the hard (expensive) way.

- Never think in terms of Dollar amount. Always think in terms of Percentage. Always. I see that every account you have started, you have grossly over traded. With $2000 and 50:1 leverage your lot sizing should maybe range from 0.02 - 0.1. Perhaps higher if your win rate was stable. The commissions alone on your most recently public account were hovering around -2% of your total balance in less than two weeks! What edge do you think can overcome this rake? Every time I have taken a shot to go for the home run I've strikeout. Account blown. You must slow down...

- M1 and M5 charts using indicator only scalping with extremely tight SL requires genius level precision. Seriously, who can do this? Did you back test your strategy? Honestly I would be scared that the results of such a low time frame wouldn't be valid. Maybe there are successful people using something like this IDK. But from what I've seen, similar types of commercial strategies always blow up. If it were only that easy...

- Look to better traders and emulate them. That's what I try and do. On this forum in fact, goldenmember and jshear are some of the best known traders. They seem to approach the market from completely different angles yet deliver similar results. Man I would just love to trade as good as goldenmember, holy shit. I've never seen anything like it. I suggest you read his entire thread on this forum for a different perspective at how to think about trading and to reflect on his unique insight. Also jshear is impressive. I've never known a professional scalper could have that much control. But then that's how the pros do it...

Hi sean,

Thanks for your thoughts, appreciate it. Yes, i do think in terms percentage. The past two weeks i have been trying to adapt to lower take profits and a more efficient and effective way of trading. I must say it was difficult to get used to it but i think i have succeeded in adapting. Yes, it is a model+experience and it is a darn good one.Trust me, you haven't seen anything like it, ever. Do check my account on monday london closed and you can see my way of trading has become much more effective and efficient.
« Last Edit: August 10, 2014, 10:08:26 AM by savantfx »
Skype: savantfx

Offline savantfx

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Re: SavantFX
« Reply #56 on: August 15, 2014, 03:40:53 PM »
I went full circle the past two weeks. Now, i am back to square one. But the thing is.. things become clearer, I now know what i have to fix. Previously i was too rigid. Low volatility demands active change of decision and that was where i lacked.

For those who are interested with my trading, please wait for at least 15 days of trading activity on the reference account. I am still fixing things here and there.
« Last Edit: August 15, 2014, 03:44:55 PM by savantfx »
Skype: savantfx

Offline AttilaG

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Re: SavantFX
« Reply #57 on: September 02, 2014, 12:24:22 PM »
  Well I got my answer .
   This is a joke   :)

Offline savantfx

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Re: SavantFX
« Reply #58 on: September 04, 2014, 06:53:00 AM »
  Well I got my answer .
   This is a joke   :)

Hi AttilaG,

No, i am almost there. In fact, the current reference account should be the final one. Like i said in the previous post, please wait for at least 15 trading days on the reference account. It is about to be completed. Why 15 days? Because the results will be stellar and not the usual kind that you see often.
Skype: savantfx

Offline AtlantaSean

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Re: SavantFX
« Reply #59 on: September 05, 2014, 02:09:53 AM »
  Well I got my answer .
   This is a joke   :)

He is going Full Retard on every account he restarts. Absolutely ZERO equity control.

Savant you are not ready to trade for other people yet, sorry. You think you can just create some "system" and it is something you figure out and then all the questions are answered? The destination reached? No man. This is like billiards where you're never too old to learn and you must continue practicing. It is the journey that counts. You need to trade on a LIVE account or you will learn nothing. Best of luck...

 

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