How important is Money Management? ( Weekly Review )
Published: 2016-07-01
Status:
Available
|
Analyzed
Published: 2016-07-01
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
A trading strategy tested from 2013 to the video's present date (2016) with $10,000 capital and $100 risk per trade yielded a 200% gain ($20,000).
"tested the strategy over the past three years of data from 2013 to now and this is what the strategy produced uh starting with a $10,000 account using $100 risk per trade for the full three years the strategy produced $20,000 or2 % gain on that account using that strategy"
Pending
Applying compound interest (adjusting position size based on account value) to the same trading strategy over three years could have grown a $10,000 account to $70,000 (a 700% gain).
"just by doing that using the same exact strategy placing the same exact trades over the course of that same three-year period you could have taken a $10,000 account and just by using compound interest you could have turned that $10,000 account into a $70,000 account or a 700% gain in 3 years"
Pending
The trader actively looks for advanced harmonic patterns like Gartley and Butterfly during consolidation phases.
"while we're in this consolidation I'm constantly looking for advanced patterns obviously we saw the bat pattern come in and it was a successful pattern and the next thing I was looking for as you saw in the clip was for the market to either put in a gartly pattern right here which did not complete or for the market to come down and hit the D point of our butterfly pattern here"
Pending
A recent successful Cipher pattern trade on AUD/CAD yielded 33 pips.
"I did have one other Advanced pattern trade here on the Aussie Canada recently it was yesterday and this was a cipher pattern that we managed to get about 33 Pips out of"
Pending
A Euro/Aussie wedge breakout pattern trade reached its 1:1 target, then moved to break-even and was stopped out.
"we had a wedge breakout of that wedge as we've already discussed stops go above our previous swing High here taret targets at a 1: one and then unfortunately after hitting targets we did come up to be stopped out for Break Even"
Pending
Multiple successful 786 retracement trades were executed on EUR/AUD after breaking below structure levels, targeting previous candle bodies.
"next up we had a 786 pattern as you can see we broke below this structure level here closed below it expecting the trend to continue to the downside we drew our Fibonacci retracement from swing High here to our swing low and sold the 786 retracement for a nice win same thing little lower here breaking close below our previous structure level from the swing High here toour newly created swing low here 786 retracement here targets at previous body of the candles"
Pending
Three consecutive winning trades using the 786 strategy were achieved on EUR/AUD.
"next we had another 786 strategy for a win so that's going to be three wins in a row on the 786 strategy"
Pending
Four consecutive winning trades were made with the 786 strategy on EUR/AUD in June.
"next another winning 786 pattern which makes four in a row here on the year Aussie treated us pretty well for the month of June"
Pending
A flag pattern trade on GBP/USD resulted in a partial break-even exit and a 84 pip profit on the remainder.
"next up we had a nice flag pattern here impulsive move down creation of a flag we broke through that as I said earlier the stops always go above the highest point of the Swing high of the flag targets go at a one to1 risk reward for me and then I moved my stop to break even which was hit here taking me out for break even on the second part of my position and banking in around 84 Pips"
Pending
The trader targets previous structure levels for advanced patterns when they align with trend continuation, rather than standard retracement levels.
"since we know that then we can take targets for this Advanced pattern up here at previous structure instead of at a 382 retracement or at least that's how I like to trade these Advanced patterns in Trend continuation"
Pending
A 786 retracement trade on GBP/USD resulted in a profit of 124 pips.
"next we had a 786 retracement trade here for a profit of 124 Pips"
Pending
A flag pattern trade on EUR/USD, previously discussed and shared with email subscribers, was a winner of approximately 55 pips.
"this first trade that you see here the flag pattern is the one that I discussed in my previous video and this is a trade that I sent out to the people that are subscribed to my email list it was a winner of around 55 Pips"
Pending
A wedge breakout trade on EUR/USD was initiated after a strong impulsive move broke multiple swing lows. Targets were set at 1:1, and stops were moved to break-even after the first target was hit.
"so we had a break of one two three four swing lows with this one move then we created a wedge and obviously we sold the breakout and as we've stated before stops above our swing High here targets at a 1 to one once targets once first targets are hit stops move up to break even"
Pending
A winning 786 retracement trade was executed on EUR/USD after a break below a previous swing low.
"next a winning 786 trade from this swing high that we've circled here down to our new swing low after the breaking close below our previous swing low and obviously a winner there"
Pending
A successful Bat pattern trade on EUR/USD yielded approximately 48 pips.
"then we had a successful bat pattern here for around 48 Pips of profit"
Pending
The trader's account grew from 2384 pips to 3057 pips during the month of June.
"as you can see we took the account from 2384 Pips To 3,57 Pips throughout that amount of time"
Pending
A trading strategy demonstrated 338 winning trades and 222 losing trades, resulting in a 60% win rate and an average risk-reward ratio of 1.45.
"this strategy produced 33 338 winners 222 losers giving me a winning percentage of 60% and an average risk reward of 1.45"
Pending
Applying compound interest to the tested strategy over three and a half years could turn a $10,000 account into $130,000 (a 1130% gain), significantly outperforming a strategy without compounding (260% gain).
"instead of over the past three and a half years only making 260% of the total account we managed to make 1, 130% on the account which turns a $10,000 account into $130,000 account in about three and a half years"
Pending
Compound interest can significantly accelerate wealth growth, even with small accounts, once a profitable strategy is established.
"this is something you can look forward to knowing that even if you have a very small account if you decide to include this principle of compound interest to that account then you can make money a lot faster than you would think you can make serious money a lot faster than you think"
Pending
A 2% risk per trade can lead to a 20% account drawdown after only 10 consecutive losses.
"using a 2% risk means that you can only lose 10 trades in a row and your account's down 20%"
Pending
With a 2% risk per trade and compound interest, a $10,000 account could potentially grow to $1.7 million in three years, given a 60% win rate and 1.5 risk-reward ratio.
"using a 2% risk with compound interest instead of making your $53,000 which is 500% in three years great return on a $110,000 account it is actually possible to take a $10,000 account and as I said brace yourself I know this is hard to believe and turn it into a $1.7 million account in three years"
Pending
New traders are advised against risking 2% per trade, with the speaker having started with only 0.5% risk per trade despite having a defined trading plan.
"do not do this if you are starting out there's no reason to risk 2% of your account when I started out I only risked a half a percent of my account per trade"
Pending
An advanced patterns course is scheduled for release within the next 30 days.
"the course that I have created for advanced patterns will be coming out within the next 30 days or so"
Pending
A trend continuation strategy course, based on the strategy demonstrated in the video, will be the first of its kind offered on the speaker's website.
"the strategy that you see here is going to be the first Trend continuation strategy course that I have on my website"
Pending