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[DrForex]

If my credence depended on the interpretation of individual, cryptic, on-the-run posts I made on this forum, or on if i answer every post made in a thread I participate in, in double quick time, i will probably refrain from making any at all.

If you want a specific answer to a specific question raised by anything I have said or not said you can always ask me that question via email and I will give you a proper answer.

I fail completely to see what any individual answer/ post I (or any other person for that matter, that does have the guts to express an opinion) give or not give has to do with my (or his) credibility.

What i do agree with is that if you read all my (or his) posts as a group and in context you can probably make some assumptions. But assumptions can be wrong in anycase. I may seem credible and be a total scamster or I may look silly to any specifc person and in reality I may have been the one that could help him.

But at the end of the day the literature scientists will probably tell you that any text that you read say more about yourself than about the writer. You read more into it than you get out of it. The text put the neurons in the readers brain in action. As every reader has a completely different neuron composition the text has as many meanings as readers.

From this it follows simply that it is prudent to base any judgement on more evidence and even more prudent to keep the judgement for yourself - especially in a open forum like this where it is very easy to judge or be judged.

I think a lot of extremely important posts are never made because there are so many negative posts, judgements, charater evaluations, "duals" and such going on here.

But, just because you asked and i am here now, here is the answer:

"Leverage matters".

"Good luck" to anyone that think leverage does not matter.
May the gods be with you.
I'll pray for you.
I'll make offerings to the gods for you.
I will sing songs on your behalf.
I will write poetry for you.
I will write books for you. (I already have )


You can take a camel to the water but you can't make him drink.

PS: At this stage I evaluate my credence on the positive responses received from readers of BWILC I receive in my Inbox - and it is sky high

[firedave]

Well, I 100% agreed with Mr. Du Toit. I'll try give some example and please correct me if I wrong

Contract Size always $100K / lot. Initial fund always 10 times the margin require.

Leverage 1:1, margin requirement $100K, initial fund is $1000K to trade 1 lot.
Stop Loss - Risk per trade 2% equal to $20K.
With $10 / pip, $20K equal to 2000 pips - never seen SL.

Leverage 1:10, margin requirement $10K, initial fund is $100K to trade 1 lot.
Stop Loss - Risk per trade 2% equal to $2K.
With $10 / pip, $2K equal to 200 pips - safest SL I can imagine.

Leverage 1:100, margin requirement $1K, initial fund is $10K to trade 1 lot.
Stop Loss - Risk pe trade 2% equal to $200.
Witn $10 / pip, $200 equal to 20 pips - moderate SL.

Leverage 1:1000, margin requirement $100, initial fund is $1K to trade 1 lot.
Stop Loss - Risk per trade 2% equal to $20.
With $10 / pip, $20 equal to 2 pip - always loss trade.

Any comment are welcome

Oh yea Mr. Du Toit, I just notice there is a Median Trader automatic trading for MetaTrader made by group of trader. What I wanna ask is, do you describe Median Trade strategy on your book ? Thank you in advance.

[TraderPierre]

Originally posted by DrForex
If my credence depended on the interpretation of individual, cryptic, on-the-run posts I made on this forum, or on if i answer every post made in a thread I participate in, in double quick time, i will probably refrain from making any at all.

If you want a specific answer to a specific question raised by anything I have said or not said you can always ask me that question via email and I will give you a proper answer.

I fail completely to see what any individual answer/ post I (or any other person for that matter, that does have the guts to express an opinion) give or not give has to do with my (or his) credibility.

What i do agree with is that if you read all my (or his) posts as a group and in context you can probably make some assumptions. But assumptions can be wrong in anycase. I may seem credible and be a total scamster or I may look silly to any specifc person and in reality I may have been the one that could help him.

But at the end of the day the literature scientists will probably tell you that any text that you read say more about yourself than about the writer. You read more into it than you get out of it. The text put the neurons in the readers brain in action. As every reader has a completely different neuron composition the text has as many meanings as readers.

From this it follows simply that it is prudent to base any judgement on more evidence and even more prudent to keep the judgement for yourself - especially in a open forum like this where it is very easy to judge or be judged.

I think a lot of extremely important posts are never made because there are so many negative posts, judgements, charater evaluations, "duals" and such going on here.

But, just because you asked and i am here now, here is the answer:

"Leverage matters".

"Good luck" to anyone that think leverage does not matter.
May the gods be with you.
I'll pray for you.
I'll make offerings to the gods for you.
I will sing songs on your behalf.
I will write poetry for you.
I will write books for you. (I already have )


You can take a camel to the water but you can't make him drink.

PS: At this stage I evaluate my credence on the positive responses received from readers of BWILC I receive in my Inbox - and it is sky high

Dear DrForex

I understand, you are unable to reply to my question.

Thank You

Pierre

[TraderPierre]

Originally posted by firedave

Well, I 100% agreed with Mr. Du Toit.

Dear firedave

Thank you for your examples but unfortunately they do not answer the question. I read many things here and at other places, if somethings have been written which I already know but are wrong or do not make sense it is difficult then to accept advises from that person on things I do not know.

Thank You

Pierre


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Originally posted by DrForex


Comes forex madman along with his $10,000. He takes his 5 minute, "coin flipping" sure-fire GBP trading system and plunk down his $10K promptly, go for the conservative option and borrow another $178,000 and buy GBP at a "cheap" 1.88 dollar to the GBP. So he geared all his money 18 times on one ridiculous price out of millions ...

And then they wonder why they lose ...
--------------------------------------------------------------------------------

Originally posted by TraderPierre

Hello DrForex

Your 'forex madman' may not be so mad in your example, it will matter only what is his risk for the trade and not what is his leverage. Where is the madman stop loss for his trade?


Pierre

[email]

--------------------------------------------------------------------------------
To the peirre guy,



Quote pierre;

Thank you for your examples but unfortunately they do not answer the question. I read many things here and at other places, if somethings have been written which I already know but are wrong or do not make sense it is difficult then to accept advises from that person on things I do not know.

You say above in the last sentence "difficult the to accept advises from that person". Listen Dirk is in here having a bit of fun with his freinds from the forum, he is not giving advise, and as for you comming in the forum with hardly any posts and tring to through yor arrogance around stinks.

[fxwiz]

Originally posted by TraderPierre


Dear firedave

Thank you for your examples but unfortunately they do not answer the question. I read many things here and at other places, if somethings have been written which I already know but are wrong or do not make sense it is difficult then to accept advises from that person on things I do not know.

Thank You

Pierre


--------------------------------------------------------------------------------
Originally posted by DrForex


Comes forex madman along with his $10,000. He takes his 5 minute, "coin flipping" sure-fire GBP trading system and plunk down his $10K promptly, go for the conservative option and borrow another $178,000 and buy GBP at a "cheap" 1.88 dollar to the GBP. So he geared all his money 18 times on one ridiculous price out of millions ...

And then they wonder why they lose ...
--------------------------------------------------------------------------------

Originally posted by TraderPierre

Hello DrForex

Your 'forex madman' may not be so mad in your example, it will matter only what is his risk for the trade and not what is his leverage. Where is the madman stop loss for his trade?


Pierre

The "madman" part exists when your "presumed" risk is blown right through by 200 pips in case of event risk which happens like every 3 months in the FX market. Only amature traders treat leverage as a god -given right rather than as very useful but highly dangerous tool to be used quite sparingly.

For anybody who has ever traded and WON Mr. Du tiot's comments ring very true.
You - on the other hand are headed fro a blow up if you blithley ignore these facts.

[TraderPierre]

Originally posted by email
--------------------------------------------------------------------------------
To the peirre guy,



Quote pierre;

Thank you for your examples but unfortunately they do not answer the question. I read many things here and at other places, if somethings have been written which I already know but are wrong or do not make sense it is difficult then to accept advises from that person on things I do not know.

You say above in the last sentence "difficult the to accept advises from that person". Listen Dirk is in here having a bit of fun with his freinds from the forum, he is not giving advise, and as for you comming in the forum with hardly any posts and tring to through yor arrogance around stinks.

Dear email

I come and read here in order to learn from those who know more than I do, not for 'having a bit of fun' as I take trading forex as a serious business for me and not for fun. I can only learn from those who I trust to know what they say is correct, it is sometimes difficult to decide the difference between a professional trader and one who would like others to believe he is a professional trader.

The number of post I made is not important, I read more than I write which is better for learning.

Thank You

Pierre

[TraderPierre]

Originally posted by fxwiz


The "madman" part exists when your "presumed" risk is blown right through by 200 pips in case of event risk which happens like every 3 months in the FX market. Only amature traders treat leverage as a god -given right rather than as very useful but highly dangerous tool to be used quite sparingly.

For anybody who has ever traded and WON Mr. Du tiot's comments ring very true.
You - on the other hand are headed fro a blow up if you blithley ignore these facts.

Dear fxwiz

I think also you miss the question. The risk of the DrForex 'madman' trade is the most important aspect more than what is his leverage so I ask where the madman stop will be for his trade and maybe that will say he is not so much of a madman!

--------------------------------------------------------------------------------
Originally posted by DrForex


Comes forex madman along with his $10,000. He takes his 5 minute, "coin flipping" sure-fire GBP trading system and plunk down his $10K promptly, go for the conservative option and borrow another $178,000 and buy GBP at a "cheap" 1.88 dollar to the GBP. So he geared all his money 18 times on one ridiculous price out of millions ...

And then they wonder why they lose ...
--------------------------------------------------------------------------------

Originally posted by TraderPierre

Hello DrForex

Your 'forex madman' may not be so mad in your example, it will matter only what is his risk for the trade and not what is his leverage. Where is the madman stop loss for his trade?


Pierre

[forex777]

Yes,

I have to agree with Pierre on this. I don't understand what you are talking about, Dirk. Sorry.

I think it is the way you phrased your answer. I am trying to read into it, but I can't make out exactly what the point you are trying to make becuase I think it is "muddied" up by the amibuity of language.

Woud you please, in very simple laymen's writings, explain what you mean in that post where you talk about the "madman". Explain it as though you were explaining it to a 10 year old boy.

I want to get the just of what you are talking about. Because the way it stands now it doesn't make any sense at all. Pierre is right on this matter.

But I know it DOES make sense. It is just being explained right. Your thoughts are not coming out onto the page.

So, you mean that this madman had NO stoploss. Or did he have a stop loss of 500 PIPS worth $10 per PIP on ONE trade that he thought was a sure thing????

Do you mean that this madman put up 5 lots at $10 per PIP value on one trade with only $10,000 in his account?????

Is he a madman if we wagers 1 lot @ $10 per pip trading with 10% of his account on one trade but having a stop loss of 2.5% of his account (25 PIPS). Would you consider this a good conservative and intelligent way to trade????

Please explain it in these laymen's terms because I would like to know what you 're talking about as well as Pierre.

I don't understand what you mean. But I think it is linguistical in nature.

[DrForex]

Originally posted by forex777
Mr. De Toit,

Thank you for your response to my question. I sincerely respect you for posting a significant answer that outlines your thought process.

You are obviously successful and generate revenue for yourself and those that you mentor.

I would like to share with you that there is more than one road to Rome, as they say.

Again, I thank you for being open and honest with your ideas and opinions. I would bet that they are taken seriously and respected in this forum. At least I can say that they are by me.

In this reply I don't at all mean to try to say Fundamental is better than technical of techincal better than fundamental, etc..

I wish to state that if you, Mr. De Toit can be very successful with your method that is your own, and I can be very successful with my method that is my own that is totally different, than truly... trading is an art.

Our paint brushes may sleek accorss the canvas in a completely different manner, but if, in the end, we can both end up with a masterpiece, then this is truly an art. As is everything in life....

Technical analsysis, Fundemental analysis. In the end it all merges into one. They are just different indications of reading between the lines. Some of us will gravitate towords one or the other, or both to some extents, based on the color of our own lenses. How we see the world and how we react to it on a personal level will have total effect on which methods we resonate with.

Thank you for your fine contributions to this forum, Mr De Toit. They are a breath of fresh air in a sometimes stale environment.

Good Day...

The above is a fine contribution and I would like to thank you for the compliments you have paid me.

I also want to add that I agree with you 100% on the roads to Rome. It should however be pointed out that the Roman Empire was beset with groups of robbers and bandits on some or all of the outlying roads and areas, waiting for unprepared travellers to pounce on them, taking their money and possessions, and leaving them in RUIN instead of reaching ROME. Just as newby forex traders come from al corners of the trading universe and the same type of bandits and robbers are around.

A quote from a reader in my Inbox as I am writing this:

* * *

I just finished reading "Bird Watching in Lion Country". I could have
saved myself a lot, by knowing about and reading your book first.
It was refreshing to have someone tell it like it is, instead of trying
to get your money.

* * *


I also agree with you on the art:

Two quotes from Bird Watching in Lion Country - Retail Forex Trading Explained:

p.61: "Trading is not an exact science. It is more like an imprecise art form. It is essential to grasp this fact. And yet there is a refusal by many traders entering the market to do just that. They want the market to work according to their system and not the other way round. They try to wrestle the market into submission. The market fights back and hurts them and they start to fear it. Take away the pain, they ask. But, their system is not structured to provide relief when times get tough ....

p.51 A good price grapgh is like a great painting, simple, austere, preposessing. A Rembrandt, a Van Gogh, a Titan. When most beginners, backyard technical analysts, are finished with a price graph it is no longer a masterpiece.

On "Fundamental vs Technical Analysis" I say that, if you combine certain useful elements and discard most of the noise of both types of analysis you will have done better analysis and that should lead to better results, even though if you do not have a proper comprehensive business plan, starting with realistic goals and including financial management, planning, managing of exceptions etc, you can analyse as much and as well as you like, you are probably going to lose.

(As usual I am speaking in general)

[DrForex]

As I have a significant life outside of this forum I will respond properly at the time and in the order I chose to every post I think contributes to the quality of this thread.

Good trading to everyone!

Now watchout this week - Doc Bubbles is busy blowing up the latest interest rate bubble, the monthly jobs report (and other economic news), and the G7. How will the market discount this? $ first up or first down? Up before or after each event? What we do know is that it will probably go up and down.
This given may play havoc in many trading systems and cause lots of pain, I subscribe to one that limit the havoc and pain.

[forex777]

Mr. De Tiot,

Thank you for your continued contributions to this thread. While it is true that I would like to read your response to Pierre's question, in as far as I would like clarification on the particular post you made that holds questions for me, and for forum member Pierre, I guess I will just have to wait for your answer in due time.

I thank you for your most resent post, the one just above this one of course. In the post you claim that you subsribe to a trading system that causes limited havoc and pain. I see this is as a bit of obvious self marketing, which is fine in and of itself. I would do the same, I presume.

The reason I bring this to light is because the more I contemplate your presence, including and not limited to your website, your posts, etc... I have come upon the conclusion that you are a very detail oriented trader. One that strikes with thrououghly fleshed out precision and accuracy. Proceeding into the trading arena with a razor shart scalpel, hence "Dr. Forex" being a suitable monicre for the way I perceive you.

The reason behind this "post of inquiry" if you will, is the following:
You are obviously a successful, articulate and intelligent trader. I deduce this from the impirical data I have gathered over the past few months. So then WHY do you concentrate significant energies on personally mentoring individuals in Forex trading. It cannot be for humaitarian reasons. Can it be to "help" people??? For if you wanted to help people I can only impagine you would grow your account to immense magnitude utililizing exponential compounding interest instead of all the time you spend mentoring, and just send money to the suffering people of East Timor, or perhaps contribute to further scientific endeavors such as the study of the mating rituals of the Arctic Sea Otter, etc.....

So, what makes you tic???? If I may play the role of Good Cop Bad Cop for a moment, why do you spend time and energy being a teacher when you could spend the same time becoming more wealthy??

To many, the thought process exists that if one is a successful trader, that individual would not try to generate income selling ideals on trading, but rather just quietly applying his expertise to his own account amassing great wealth as such.

So, it is with genuine sencerety that I pose these inquiries to you. There is no malice or pre-judgement of any sort within the construct of this post.

Thank you....

[taotra]

p.51 A good price grapgh is like a great painting, simple, austere, preposessing. A Rembrandt, a Van Gogh, a Titan. When most beginners, backyard technical analysts, are finished with a price graph it is no longer a masterpiece.

You may want to to have a proofreader go over your book. The painter's name is Titian, not Titan.

[nico]

Are we here to talk about trading or looking for spelling mistakes,
thanks to all the people with positive input. And remember english is our second language.

[taotra]

Are we here to talk about trading or looking for spelling mistakes,thanks to all the people with positive input. And remember english is our second language.

Your absolutely right, we should be talking about trading (more so than selling). But in any case, Titian is spelled the same in any language (it's the person's name!), even in Afrikaans.